Nifty Trade Plan for 11 JAN 2022Nifty Trade Plan for 11 JAN 2022
Expecting a flat opening in Nifty.
18000 looks to be strong resistance and Nifty with a wider CPR expecting a possible range bound market.
If 18k is taken out we can expect some long position.
Inn case if CPR is taken out we can expect 17900 to tested again.
Any good support getting confirmed around 17900 we can look for possibly buy again.
Niftytarget
Nifty Trade Plan for 27 OCT 2021Nifty looks bullish closing above the next day CPR levels.
Expecting a small gap up opening in Nifty.
Any pull back to CPR - 18200 support would be good opportunity to go long and sit for targets of 28330, 18385 and if that is taken out we can expect higher targets as identified on charts.
In case of gap up, if Bullish Breakout 18385 is compromised on upside we can expect 18500 targets too.
Nifty Trade Setup for 13 OCT 2021Nifty 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 HIGH PROBABILITY LONG 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 momentum in the market . I had given the same levels for the previous expiry but our trade did not get activated as nifty could not even touch the resistance .
T2 is a very important resistance as well so we need to stay cautious near T2 . Targets can also be booked near T2 if nifty shows weakness near it .
There is no fixed time for when the trade will get activated but I will be updating it on this post .
ENTRY: 17772 (15 MIN CANDLE CLOSING)
T1: 17822 (EASY TARGET)
T2: 17883 (PREFERRED EXIT)
T3: 17940 (IF MARKET SUSTAINS ABOVE T2)
Nifty Trade Plan for 05 OCT 2021Nifty 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 Nifty sustains above 17500 then we can expect Nifty to again test out 17600 & 17700 levels.
Nifty Trade Plan for 01 OCT 2021Nifty 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 that when it will turn again bullish.
Nifty Expiry day Trade Plan for 23 Sep 2021Nifty 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 of 17594 getting compromised the we can expect Nifty to be back in range and might test yesterday lows.
NIFTY / NEXT WEEK EXPIRY EXPECTATIONS 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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Simple Trade Setup | NIFTY | 16-09-2021 [INTRADAY]NSE:NIFTY
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
NIFTY / WHAT IS NEXT TARGET ??????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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Simple Trade Setup | NIFTY | 13-09-2021NSE:NIFTY
Observations:
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 upper trendline will make NIFTY bank to give bullish move.
Please refer below chart : 15 time frame.
2) On 15min time frame, Level 17370 is working as support and resistance level. It is a critical level. Breakout of this level will give up move easily till 17410 and if it keep on facing resistance from it then it will give down move.
If on Monday,13-09-2021, it opens Gap up and gets support from 17370 then it will be quick buy entry.
Please refer below chart : 15 time frame.
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Trade Setup for Date 13-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Nifty Elliott wave analysis 6Sep 2021 onwardIn 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 Trade Plan for 31 Aug 2021Expecting 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.