Niftytarget
Nifty Trade plan for 18 Aug 2021Nifty expected to open flat to small gap down.
Expecting a volatile expiry day.
CPR looks to be a strong support and expecting nifty to find support and we can expect to it test 16651 & may be even 16700.
In case of CPR compromised we can expect 16500 levels to be tested.
Nifty Elliott wave update 12AugIn this video I have explained Nifty 2hour chart where nifty took support of 23-38% retracement range and now can bounce for wave v as explain in video. I have also explained 30min in 5min chart for immediate move in nifty. For better understanding kindly watch video.
Thanks for watching.
NIFTY | SCENARIO 2 | 22-07-2021NSE:NIFTY
This is Scenario-2 for NIFTY for good gap up and turnaround in the global sentiment which is bullish at this moment.
In this I have mentioned 2 trade setup on the bullish side with entry, target and SL for each.
For 2nd Entry above 15750 it have 2 targets. If Bullish sentiment remains strong on the expiry day, then there can be chance to hit target of 15850. Since Thursday is expiry hence it is recommended to at least book partial profit on 15800 level if one get in to 2nd trade entry.
Hope this idea is helping you to understand price action of the market.
Do comments if you want such scenario for BANKNIFTY as well.
Comment, if you have any doubt/suggestion.
NIFTY | SCENARIO 3 | TARGETS AND LEVELS | 20-07-2021NSE:NIFTY
This is Gap Down Scenario-3 for NIFTY . Level and Target are mentioned on Chart.
Take Short (PE) First Entry in range of 15680-15685 Zone. Target and SL mentioned in the Chart.
Take Short (PE) For the 2nd Entry, the range will be 15630. Target and SL mentioned in the Chart.
Don't hold current week expiry. Book your profit immediately. For the safe side better to trade in next week expiry.
Do let me know in comment if any doubt.
NIFTY | Scenario 5 | Level & Target | 19-07-2021NSE:NIFTY
This is Gap Down Scenario-5 for NIFTY . Level and Target are mentioned on Chart.
Sell / Short Entry on firm breakdown of 15800 and Target will be 15740 - 15745. Keep Stop loss 15840. Be quick in booking profit.
And it it sustain above 15740 level and shows the sign for reversal then take entry to go long.
Buy / Long Entry above 15750 1st Target will be 15800-15810 and 2nd Target will be 15845-15850. Keep Stop loss 15720. Be quick in booking profit.
NIFTY | Scenario 4 | Level & Target | 19-07-2021NSE:NIFTY
This is Gap Down Scenario-4 for NIFTY . Level and Target are mentioned on Chart.
Take First Entry in range of 15805-15815 Zone and Target will be 15740 - 15745. Keep Stop loss 15840. Be quick in booking profit.
For the 2nd Entry, the range will be 15730-15735 and Target will be 15680-15685. Keep Stop loss 15750. Be quick in booking profit.