nifty 50 in range in 15 time frame.. but looks bullish structure in 1 hr time frame... in 1 day time frame looks like un decision green candle... if nifty 50 breaks blue line.. then will go up ... if break green line then expecting downside
Nifty Elliott wave update for 12July 2021
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
As discussed though NIFTY showed some strength in FIRST but ended up being VOLATILE finally and exact rejections seen from 15900 levels as expected Now the reason being under pressure as its closing 15830 which is very crucial as we can see NIFTY faced much pressure as BEARS always overpowered BULLS in these levels so it is expected if opened weak we can see...
understanding trades on future chart through support and resistance.
From 14592 wave (i), (ii), (iii) and (iv) is completed at 15137, 14885, 15800 and 15450 respectively. from 15450 wave (v) is started and projection range for wave (v) is 15912-16197.
Looks like v will have an interesting week ahead. Will Nifty Break the resistance box and make a new High? Will Nifty Continue to take support of trendline? Will Nifty Break the trendline support and consolidate it inside the box? Will Bears (Call writers at 16000) push the Nifty to 15660 levels??? Are 15700 Put writers hedging with 15600,15500 and 15400?
Above 15850 Nifty may go bullish again. Being 1st trading day of new series wait and watch will be better for market today. Immediate Support: 15800 Immediate Resistance: 15900 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader Institute
Nifty may stay sideways in the range of 15800 to 15700 Being last expiry of the month volatility is expected. Follow the targets with trading rules Immediate Support: 15800 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader Institute
Nifty is above 15850. Clearly Bulls in power. Again it may face Immediate Resistance at 15900, And 15800 will act as major support . Follow the trading rules Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader Institute
Nifty may consider previous day high and low as resistance and support. May go sideways Major Resistance:15700 Major Support: 15450 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader Institute
Nifty is at lifetime high. There is no résistance on upper side. Refer the target for both side. Being Expiry day be cautious! Major Resistance:15700 Major Support: 15450 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Nifty may be in sideways . Refer the target for both side Major Resistance:15600 Major Support: 15450 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Above 15500, Nifty will continue bull run. Nifty is at lifetime high. Be cautious ! Major Resistance:15600 Major Support: 15450 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Nifty in bull mode. Nifty will have to sustain 15550 in the upper side Major Resistance:15600 Major Support: 15450 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Nifty is at its lifetime high. There is no resistance on upper side. Follow the targets given. Being 1st day of June series and 1st trading day of week series, market may take time to decide. Major Resistance:15600 Major Support: 15450 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Above 15200 Nifty is in uptrend. Today is Monthly & Weekly Expiry. Volatility is expected. Major Resistance:15400 Major Support: 15250 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Above 15050 Nifty is in uptrend. But we can expect profit booking at 15300-15400 range. Major Resistance:15300 Major Support: 15150 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader