NSE: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...
Extending wave (5) should easily travel above 18000 and is likely to continue toward 18480.
Target 1: 18000
Target 2: 18142
Target 3: 18350
Target 4: 18480
Stay tuned for the next update.
NSE: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...
NSE:NIFTY
This is Scenario-1 for NIFTY for minor 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.
Also if Bullish sentiment remains strong on the expiry day, then there can be an bonus trade of 50 points if we see quick short...
NSE: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...
NSE:NIFTY
This is Gap Down Scenario-2 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 15640. Target and SL mentioned in the Chart.
Don't hold current week expiry. And don't chase for big upside movement....
NSE:NIFTY
This is Gap Down Scenario-1 for NIFTY . Level and Target are mentioned on Chart.
Take Long (CE) First Entry in range of 15630-15635 Zone. Target and SL mentioned in the Chart.
Tale long (CE) For the 2nd Entry, the range will be 15700-15710. Target and SL mentioned in the Chart.
Don't hold current week expiry. And don't chase for big upside...
NSE: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...
NSE: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.
NSE:NIFTY
This is Gap Down Scenario-1 for NIFTY. Level and Target is mentioned on Chart.
Take Entry above 15850 and Target will be 15900 - 15940. Keep Stop loss 15800. Be quick in booking profit.
NSE:NIFTY
Levels will be same as given earlier.
Go Long only above 15880
Target -1 15940
Target- 2 16000
Go Short only below 15739.40
Target-1 15684.10
Target-2 15628.40
Scenario:
1) If Open with gap up above 15880 then go long but wait for initial 15-20 minutes. Book profit with 50-55 points only. Then wait for a clear sign for for uptrend.
2) If...
NSE:NIFTY
Today Nifty closed above 21DMA and on daily time chart it took support from the trend line.
21DMA for Nifty is placed at 15761. Which is an import level.
Below are the scenario to consider to trade nifty on 14-07-2021.
1) if it gap up above 15840 and hold the level then go long. Targets are mentioned in the chart.
2) if it opens sideways and then...
Summary
l HTF is again in a make or break zone. DTF has a "Bearish WRC" candle, which infers "NEGATIVE" BIAS".
l Pivot analysis infers TRADING RANGE bias and due to wide range CPR. But, since today was a silent day, I can still sense a chance of trend for at least part of a session if not more.
l 15901 is a critical level and any rise should be a selling...
Hi All,
Based on my analysis , although we had a good bullish run today but it is still not convincing yet.
Today it was completely managed expiry and it was option writers heaven.
I am not yet full in buy mode until I see closure about 15901.
Here is my analysis for tomorrow! Comments and feedbacks are most welcome
