Niftytarget
IS NIFTY GOING TO CHANGE ITS TREND TO DOWN SEE YOURSELF !!COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TODAY IN NIFTY.
1. In point no. 2 What I said is quoiting for you " a red dotted line is breached today have been waiting for last many days. but now it has to complete new conditions. first it should take out red support line where I put red arrow for down side if do not fulfill til i am bullish." You can see that condition is still valid. Nifty could not take it out .
2. For tomorrow trade If red support is taken out then I will be bearish on nifty. On the other side green arrow pink color band upper side is taken out then pink line will become my sl for long but I will initiate long when green line is breached.
3, The area between red line and white dotted line is no direction zone. so if red support is taken out then will take short trade with sl of pink band lower side with the target of white dotted line. But wont go long if white dotted line is not taken out till price again cross pink band lower side.
4. Trade in red to white dotted line range can be tricky as said directionless area. follow conditions strictly . Rest market will decide.
YOGESH VATS
Nifty 9th June Support And Resistance ChartIf there is a gap down opening tommorow, then we can see S2 as a crucial support. According to my studies, if it is a gap down opening, then nifty will trade in between S1 and S2 tommorow. thanks.
By mistakely, i wrote S3 inplace of s1. please correct S1 = 10031 level.
NIFTY IN FINAL LEG OF IMPULSE WAVE VERY SOON CORRECTION START ! COMPARING MY STATEMENTS OF THURSDAY WITH REAL PRICE MOVE NEXT DAY.
1. In my previous post point no.2 quoting for your consideration " why i did not advice to go positional short just because of this move manifested yesterday. In bnf I gave advised to go short but here did not." See for last two post on nifty I have been saying continuously til the red dotted trendline with red solid support is not taken out there is no change in trend. nifty moved up respecting that solid red support.This condition saved all traders who wanted to go short or in short trade if followed religiously. In bnf also two days back I shared to go short that also gave good points One of my followers earned 455 points per lot , He shared on same day with his plan in form of fig . how he took this trade. Bnf was in sell mode so advised to sell but in nifty no advice of shorting. There was divergence in structure in both indexes. I thanks @gautam5126 to show his personal trades for seekers selflessly . He wrote the reason of taking that trade and I am impressed. All readers should visit comment box for new aspect of learning by others. Even I also give educational replies to seekers.
2. In point no.3 I wrote " If last two hours are strong buyers then tomorrow can give gap up opening to break this structure otherwise gap down." ' Those who took positional short today as per my condition which I shared yesterday is not fully filled. so can be risky." . See when this sort of advice and conditions are shared I feel definitely it gives you great help in taking right decision at right time. In every post I emphasize to strictly follow all conditions. That can reduce your fear to going wrong. whether in case of entry and exit.
3. I am happy that my conditions are getting popular among traders that is why nos. of trollers increasing day by day. They themselves have no potential to publish correct ideas and trying to stop me. Am I taking your earning ,market is open any body having potential can earn. The best part in trading is no competition with co-traders . The more participate , the more liquidity will be in system. Still you all have problems. Stay with your problem I will guide genuine seekers. Til they are present in society.
4. Now see two candles I circled in pink when ever you get this sort of setup near resistance or support I every time see price action carefully . This will move maximum time upside. Both candles showing buying pressure ,selling pressure creating confusion among traders. Take long with sl of buying pressure wick. In case it gets failed then opposite side sentiments gets activated. Every day market make new pattern That my bit is to clear you same.
5. Green resistance is the area from where this move will be completed and nifty can start correction of this prolonged impulse. One more thing dow is at tough resistance as nifty is so this up move may come to an end soon. til then buy on dips. Rest market will decide.
YOGESH VATS
DIVERGENCE IN NIFTY AND BNF ONE IS MAKING PEAK OTHER TROUGH !!LET US COMPARE MY YESTERDAY STATEMENTS WITH ACTUAL MOVE.
1. In previous post I clearly mentioned That " on taken out pink zone either by gap up or while trading in day you will see white dotted line next target." You can see price breached and made bullish candles . Have you ever noticed one thing in my blogs When I share any condition that market fulfill then you won't find any false breakout in price. Always boom. 100 + posts on record prove it. Market moves in probability but my condition when gets fulfilled then price never move in probability. That is the depth of proper hard work and education. Thousands of hours practice with charts. What price can do in charts all gets manifested before actual moves. See plenty of structure market adopt all gets automatically sync with eyes and mind. That practice is required by all seekers.
2. Now see point no.2 of trade plan " right now nifty is in upward structure so chances are to move to white resistance in day or two." Can you see price moves up did not reach to target as already mentioned in day or two. such perfection is shown every day without fail. every statement is first proved with actual move then gives you next day plan.I think you have seen so many analyst doing same on many platforms. If struggling trader strictly follow my conditions of trade , He will start earning ,side by side study this unique language. Many are earning writing in comment box of every post.
Trade plan for next day.
1. See i made two drawings one box , other circle. Nifty move should be stalled in box from that area down move should be started but price went into extension showing in circle making new peak of the trend started from 8800. Where as bnf could not cross yesterday peak thus making trough. This is divergence between two.
2. What i feel if next trading session opening is negative then Price will break this trend and move to red lower zone. There price will take some bounce . That should be used for selling.down trend will be confirmed when price will take out red zone. This what i expect from nifty in next session. Rest market is supreme.
YOGESH VATS
NIFTY SEEMS TO BE STONG BUT BNF IS WEEK WILL IT DRAG NITY DOWN!!COMPARING OF YESTERDAY STATEMENTS WITH NIFTY TODAYS MOVE.
1.I SHARED WHITE SOLID LINE ON FRIDAY , MONDAY PRICE TOOK SUPPORT AND TUESDAY GAVE 160 PTS GAP UP OPENING. BUT COULD NOT TAKE OUT WHITE DOTTED LINE . AS MENTIONED YESTERDAY LONG CAN ONLY BE INITIATED WHEN DOTTED LINE IS TAKEN OUT. RATHER PRICE BREACHED SOLID LINE SUPPORT. SECOND CLUE OF WEEKNESS , FRIST WAS GAP DOWN OPEN ON MONDAY. GREEN CHANNEL LOWER BAND WILL SUPPORT IS HAVING LESS CHANCES .
2. WHITE AND RED ZONE IS HAVING MORE CHANCES TO BREACH , GERNALLY CHANNEL SUPPORT AND ZONE SUPPORT ARE BREACHED BY GAP DOWN OPENING. SO CHANCES ARE QUITE HGH BUT IF MARKET OPEN FLAT ABOVE GREEN CHANNEL THEN SHORTS SHOULD NOT BE INITIATED TILL PRICE MAKE SOME RESISTANCE AREA WHILE TRADING. NOR LONG CAN BE INITATED TILL WHITE DOTTED LINE IS BREACHED.
3. ON BREAKING CHANNEL DOWN , BLUE COLOR LINE IS FIRST SUPPORT . THAT WILL BE ACHEIVED TILL FRIDAY. SEE STRUCTURES ARE CHANGED WHEN SUPPORT OR RESISTANCE BREAK. SO ARE SENTIMENTS CHANGED. A GOOD TRADER NEVER STICK WITH ONE SENTIMENT. IF STRUCTURE OF PRICE IS CHANGING , SENTIMENTS ARE CHANGING.
4. STRUCTURES ARE CHANGED WHILE TRADING. SINCE I TRADE IN BNF SHOW YOU EVERY DAY HOW SENTIMENTS ARE CHANGED . TODAY POST OF BNF IS GOOD EXAMPLE OF THIS. REST MARKET WILL DECIDE.
YOGESH VATS
Sell now & buy stocks on Diwali 2020, Nifty analysis Multi-frameNifty multi time frame analysis.The nifty look very weak in coming months. Very good level to convert portfolio to cash / exit positions / profit booking.
Or if buying is done this level it should be done with proper hedging with PUT option/ Gold.
The charts are pretty self explanatory with comments at each points.
Weekly chart analysis of Nifty
On March 16th nifty has broken (9500) very crucial support coming from major trend line since 2009 after it made bottom of (7500), yesterday it has tested support (9500) become resistance (9500). With these nifty will see having selling from here and will continue its downtrend.
Daily chart analysis of Nifty
The downtrend will emerge soon, what we have seen on weekly chart. On Daily chart we are seeing flag and pennant pattern in downtrend (powerful pattern) pennant is a consolidation zone and we are at the end of consolidation meaning soon we will see down turn and new bottoms. (Another way to look, flag can be seen as Elliot wave A, pennant wave B, and Wave C is coming)
After seeing down force and long term/ Mid term charts analysis we will see nifty will take support somewhere between 6326 and 4773. It will depend on how things will turn out in future and how much force it goes down with.
I hope this analysis will help. If you agree with analysis hit like, and Its ok to disagree. Please help me with comment below either way. :)
-Ankit Salgia
NIFTY Monthly - Diffecult to close above It's Major Supply Zone
This month candle is facing resistance @ its major supply zone @ 9275-9460. On the downside, there is a wide range of demand zones @ 7750-8460.
Below 7750-8460 there is a major demand zone @ 6550-6850.
I am not expecting this month's Nifty closing above 9460.
NIFTY Intraday Setup (23 April)Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management.
1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin.
2. If it will be very painful for you, if it hits your stop loss then don't trade, only trade with a free mind.
3. If the stop loss is far according to your capital, don't trade.
Nifty 50 HANDING MANNifty has formed a HANGING MAN candle stick on the last trading session, ideally we can expect a gap down and have to wait till the candle closes on RED...after the confirmation we can go for a SELL...
But if there is a bull candle stick is formed on next session the HANGING MAN will become invalid...