Nifty will be gap up opening in today's session. After opening nifty sustain above 19360 level and then possible upside rally up to 19480 in today's session. in case nifty trades below 19340 level then the downside target can go up to the 19220 level.
Weekly Analysis 16-21 Jan 2023
Trend will be Bullish (80% Chance)
Reasons & Knowledge applied
1. uptrend Confirmation
with Volume Support
2. Type 2 Strategy of Uptrend
3. Price is Above on Fib 50% Level
Major Week Support 17900 & 17760
Major Week Resistance 18140 & 18390
above 17880 full bullish
before entry just check Volume
should be high from prev candle...
Nifty Trade Setup for 25 JULY 2022
Nifty Expected to open with in previous session range with a gap down around Bearish Break out Zone/S1.
If S1 is compromised we can anticipate Nifty to Test out T1/ T2 levels.
Any support at S1 we can anticipate Nifty to trade in a range and might test the CPR.
Any reversal from CPR we can anticipate Nifty to test the S1 &...
Nifty Trade setup for 15 JUL 2022
Nifty expected to open flat to small gap down.
Immediate resistance for Nifty is the CPR, in case any support at CPR we can possibly expect Nifty to teste out Bearish Reversal & R1.
There is a quite a resistance for Nifty around R1 & Bearish Reversal Zones, any rejection triggers from these zones is a selling opportunity for...
Both Nifty & Bank Nifty is bearishly aligned for the day.
Expecting a flat to small gap down opening in case of both the indices .
CPR should act as a strong resistance for today.
Any resistance from CPR / R1 can expect a selling opportunity today for the targets lower as marked on the charts.
In case S1 getting compromised we can expect some trending moves on...
Nifty Trade Setup for 05 JULY 2022
Nifty expected to open flat to small gap down opening.
Nifty is bullishly aligned for the day and we have a strong support at Bullish Reversal Zone of 15783. Expecting the market to be trading in a previous session range if PDH is not taken on the upside.
Buy Opportunity :
We have Buyers seated around Bullish Reversal Zone &...
Nifty Weekly Analysis for 27 JUN - 01 JUL 2022
Nifty is bullishly aligned for the week.
First day of the week, we are expecting a gap up opening in Nifty around R1 resistance level (15900).
Buying Opportunity :
In case if R1 is taken on the upside and sustains we can expect Nifty test out Bullish Breakout zone and also possible Target 1 & Target 2 for the week....
Nifty 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...
Nifty Trade setup for 27 APR 2022
Nifty closed on a very positive note but due to Dow Jones correcting we are expecting nifty to open around 16860 levels which is also our weekly support.
In case if 19860 support is taken out with resistance confirmation we can anticipate 16750-16700 levels where we can anticipate a possible buying interest.
On the upside 16970...
Nifty 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...
Nifty is bearish aligned for the day. Lot of resistance on the upside as marked on the charts. Breakout of R1 is Nifty is a safe bet to go long.
Any resistance from CPR or break out Previous day low is a good shorting opportunity in Nifty today for possible lower targets as marked.
Nifty Trade Setup for 11 FEB 2022
Global markets looks bit weaker in the last trading session and Nifty expected to open around S1 support level 17475.
In case if S1 Support holds good during the initial balance and sustains above 17500, then we can expect to test CPR & then PDH.
In case of S1 getting compromised we can expect Target 1 & Target 2.
Nifty Trade Plan for 10 FEB 2022
Nifty as expected after the bullish closing yesterday, is opening with a gap around R1 Resistance & Bullish BO of 17515 - 15540.
In Case Bullish BO 17540 taken on the upside we can expect higher targets of T1 & T2.
Any resistance from R1, we can expect Nifty to test PDC & CPR today.
Nifty Trade Setup for 09 FEB 2022
Nifty expected to with a small gap up around 17300
Any pull back to CPR & support confirmed we can possibly go long with an anticipated target of 17340 and then 17411.
If Bullish Break out of 17411 is taken on upside we can anticipate T1 & T2 targets.
Nifty Trade Setup for 08 FEB 2022
Nifty expected to open flat to small gap up opening.
Expected Nifty to be in a range today.
In case if 17330 levels is taken on upside and sustained we can expect Nifty to test 17460 levels.
In case of resistance from CPR or previous closing price getting compromised we can again short Nifty for PDL and then look for Bearish...
Nifty Trade Plan for 02 FEB 2022
Nifty expect to have a gap up around 17700 levels opening as global parameters looks positive.
On opening if it manages to close above R1 then we can expect 17800 and Bullish Break out sustains we can even expect T1 & T2 levels today.
In case of resistance from R1, then we can expect it test previous day close support.
Nifty Trade Plan for 01 FEB 2022
Expect Nifty to have a gap up opening around 17500 levels which is a good
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...
Nifty Trade Plan for 31 JAN 2022
Expect Nifty to open gap up around the upper CPR Band.
Expect market to be volatile ahead of the budget hence need to trade with more caution and reduced position sizing.
For safe trade i would wait for first 15 min to watch out if R1 Resistance is taken to confirm bullishness and initiate a long on break out of 15 min high to...