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Niftytechnicalanalsyis

Nifty Trade setup for 06 MAY 2022Nifty Trade setup for 06 MAY 2022 Nifty formed a inside day bar on daily time frame closing around previous day low. We can expect some good break out move tomorrow in case if the previous day low is getting compromised. The CPR is bearishly aligned for tomorrow. GAP UP Opening : In case of Gap up opening, 16763 should act as a strong resistance, any resistance around these we can expect Nifty to again test previous day low & further lower targets. GAP Down Opening : In case of Gap down opening below PDL, we can expect first support around 16575 & that getting compromised we can expect 16500 & 16400 levels. Flat Opening: In case of flat opening, we will wait for rejection from PDL & go short or a support at Previous day low we can go for quick scalp to CPR.
NSE:NIFTY
by RaviChandran_Rajkumar
1
nifty current scenarioNifty View:- In recent times Nifty has completed the target of the H&S pattern of minor trend and going to make another H&S pattern of a major trend. This pattern could be a trend continuation or a reversal pattern if it completes it will complete the target and could be reversed from here. In another scenario, Nifty can complete broadening top formation then reversed from here and about to make another trend. Disclaimer:- This analysis is for education purposes only. I may be wrong. Trade is not recommended.
NSE:NIFTY
by Finonomy59
Nifty Trade Setup for 16 MAR 2022Nifty found a support at PDL and bounced back during closing and managed to close on a bearish note below the next day CPR. Looking at the global parameters at this point of time, nifty is expected to have a gap up opening around Previous day high. Unless the PDH is sustained and support is confirmed going long is risky. In case Nifty opens above R1 resistance tomorrow and R1 is compromised and resistance confirmed we can trade for short till CPR & previous day closing price. Expect a volatile market as Dow Jones is on a raise and Chinese market has collapsed by almost 5%, so tomorrow trading will be interesting to watch out.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Plan for 01 FEB 2022Nifty Trade Plan for 01 FEB 2022 Expect Nifty to have a gap up opening around 17500 levels which is a good resistance. In case if that sustains we can anticipate 17600 resistance zone as plotted. After such a gap up opening, going long need to extra cautious, Any resistance formed around these with confirmation from momentum trigger we can possible short with Current day high as SL & expect to again test 17300 levels again. Post afternoon again we might again see a up move. I would prefer to trade with small position size today as movements can be very volatile.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Plan for 13 DEC 2021Nifty Trade Plan for 13 DEC 2021 Expecting a gap up opening Nifty. In case Nifty opens above 17600 levels and if you get a chance to test R1 or Bullish Breakout zone of 17582 at opening and confirms a support, then we can expect upper resistance targets 17670 & above. In case 17680 taken out and sustains then we can expect 17820. Any resistance from Breakout T1 & T2 at opening we can look for possible shorting opportunity and expect Nifty to test R1 & may be PDH.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Plan for 15 NOV 2021Nifty Trade Plan for 15 NOV 2021 Nifty made beautiful reversal from the monthly pivot in the previous trading session and gave us a good long opportunity and managed to close above the 18100 levels. Nifty has formed a wider CPR on intraday time frame and hoping to be in a range today. In case Nifty opening gap up, we have resistance around 18162-18185 levels. If resistance is confirmed around these zones after opening we can go for possible shorting opportunity and we can expect Nifty to previous day closing of 18102. In case Nifty opens flat and previous session high is taken out on upside with support confirmation we can expect Nifty to test 18180 levels. On the higher side 18222 is strong resistance from Virgin CPR . In case if Nifty opens flat and test CPR and bounces back again above 18043 then we can again go long with target of Previous day high.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Plan for 26 OCT 2021Nifty looks bullish with a Narrow CPR and managed to close above the CPR and 18100 levels. In case if Nifty opens flat to small gap up, any pull back to CPR and holds good we can go long with SL below Bullish reversal and sit for first target of 18200 and then if that is taken out we expect 18275. In case of Bullish Breakout 18275 taken out we can expect 18450 levels to be tested. I would prefer to short only if Bearish Breakout of 17975 forms a good resistance confirmation.
NSE:NIFTY
by RaviChandran_Rajkumar