Nifty Trade Setup for 13 OCT 2021
Expecting a gap up opening in case of Nifty.
The first resistance to watch is the Previous session high. If that is taken out on upside then we can expect Nifty to make fresh high.
Any resistance from Bearish Reversal zone we can expect CPR to be tested out.
Bullish Reversal zone of 17952 is a strong support.
Nifty Trade Plan for 05 OCT 2021
Nifty likely to open gap down.
The immediate support for Nifty is around 17543, if that is compromised there is a very good support around 17506 levels.
Any support around these we can expect Nifty to again bounce back. In case if this support is compromised we can expect Nifty to again test 17440 and lower levels.
In case if...
Today the Indian markets showed very good bullish momentum but it faded towards the end of the session due to mixed global cues and the market formed a symmetric triangle by the end of the session . If the market opens gap up tomorrow then nifty has to face a very crucial resistance at 17772 . If nifty manages to cross this level then we can see good bullish...
Nifty closed on a bearish note today.
Global parameters looks bearish.
In case Nifty opens flat then Bearish Reversal zone of 17661 is a strong resistance and we can go short.
In case of 17575 getting compromised we can again expect Nifty to go and test 17531 & lower Target 1 & Target 2.
Nifty looks to be sell on rise tomorrow. Once 17704 is taken on upside...
From 17326 (a or i) and (b or ii) is completed at 17610 and 17524 respectively. wave (c or iii) started from 17524 has already achieved minimum projection of 100%.
Now 17768-17721 is an immediate support range for Nifty. If trades below 17721 then only negative.
Nifty expected to open gap up.
Being narrow cpr we can expect some good moves today.
The first resistance to watch out would be 17660 levels, if that is taken out on the upside we can expect higher targets.
Any resistance around these we can expect to test Bullish breakout zones.
Today being expiry we can expect moves on either side.
If Bullish Break Out zone...
NIFTY we gave a target of 17700 and 17800 nifty almost reached near 17800 and now it got a correction lets wait and see is it correction or a distribution of big sharks game play in market...
if nifty cant break and close above 17700 above lets expect big traders booking there profit
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Nifty closed below 17593 which is immediate breakeven point for downside. In this video I have explained latest Elliott wave counts from daily chart to 5min chart. Kindly watch video for better understanding.
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Trade Setup for Date 16-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
NIFTY as per analysis we already says wait for break 17440 so now NIFTY breaks the level of before gave so next target will be 17600 and sec target will be 17700
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1)On 15min time frame,we can see that it has been taking support from parallel channel since 02-09-2021. Breakdown of lower trendline of parallel channel will give down move and middle trendline is working as support and resistance in both the way.
Breakout of middle trendline will give upmove till the upper trendline. And breakout of...
In this 45min chart impulse wave started from 15513 wave (1), (2), (3) and (4) is completed at 15817, 15746, 16702 and 16376 respectively.
from 16376 61% projection of wave (5) is already achieved and it is in extended zone.
After completion of wave (v) started from 17055 nifty can give sharp decline towards 16376.
Nifty expected to open flat.
17066 is a good support and on opening if that support confirmed we can go long and expect it to retest PDH.
If PDH is taken on upside we can again expect 17200 &17262
If CPR is compromised on lower side we can expect 17K & 16900
Expecting a Flat opening in Nifty.
16900 is a good support and on opening if this supports holds good we can go long around CPR and if PDH is taken on upside we can expect 17K target today.
A close above bullish Breakout zone we can expect Target 1 & Target 2 .
Reversal trade around 17k should be taken after confirmed reversal signs today.