NSE:NIFTY Observations: 1) On 1 day time frame, it faced resistance from 100EMA. 100EMA is immediate major resistance. it is placed at 17346.30. Please refer below chart : 1day Time Frame. 2) Also On 1 day time frame, it closed in channel. And made a bearish candle closing below the middle trendline of channel. Please refer below chart : 1 day Time...
Nifty Trade Plan for 27 JAN 2022 Nifty likely to open gap down around 16900 levels today. 16900 seems to be a good support, Initial opening range sustains above this 16900 levels then we can expect market to slowly move and test out 17300-17400 levels. I would prefer to go short only if PDL is compromised today. Option selling should be preferred today as CPR...
Nifty Trade Setup for 25 JAN 2022 Nifty expected to trading in a range. Expect a small gap down opening around PDL. If PDL is sustained and managed to sustain 17000 levels on opening few minutes, then we can expect Nifty to test CPR again. If CPR is taken on upside we can expect R1 getting tested. In case PDL is compromised we can expect lower targets.
Nifty Trade Setup for 17 JAN 2022 Nifty likely to open gap down around 18200 levels. 18200 looks to be strong resistance and 18140/ 18000 looks to be strong support for today. In case if Nifty CPR is compromised today on lower side we can expect possible test of S1 (18154) Support and if that is compromised PDL (18120) likely to get tested. Expecting to be a...
Nifty Trade Plan for 13 JAN 2022 Nifty bullish streak is still on, expect a gap up opening around 18350 levels. Open opening if 18345 sustains, we will go for long with a small SL below the zone what is marked. I will look for shorting opportunity if i find any rejection at the above zone and we can expect Nifty to test out 17200 zone again.
Nifty Trade setup for 12 JAN 2022 Global markets looks bullish and Nifty expected to gap up around 18200 levels. 18200 zone is a strong resistance, if it sustains and manages to find support above 18210 the we can expect a possible up move to next targets. In case of resistance confirmed around 18200 we can possible short and expect Nifty to test 18k again.
Nifty Trade Plan for 11 JAN 2022 Expecting a flat opening in Nifty. 18000 looks to be strong resistance and Nifty with a wider CPR expecting a possible range bound market. If 18k is taken out we can expect some long position. Inn case if CPR is taken out we can expect 17900 to tested again. Any good support getting confirmed around 17900 we can look for...
Nifty Trade Plan for 06 JAN 2022 Global markets showing some bearishness and Nifty is at resistance. Expect Nifty to open gap down around 17870, which is also our bullish reversal zone. Need to wait for the price action around these and take entries. Expect Nifty to trade in a range today, so 18000 - 17800 strangles would be ideal as per my view. As Per Open...
Nifty Trade Setup for 29 DEC 2021 Nifty likely to open with a small gap down. If you get a chance and find the PDH getting rejected on opening or CPR taken on the lower side we can possibly expect Nifty to test lower targets and possibly close yesterday gap. Going long only if PDH is taken on the upside or once the yesterday gap is filled.
Nifty Trade Plan for 27 DEC 2021 Nifty expected to open flat to small gap down. Descending CPR in Nifty, bearishly biased. Any rejection from CPR is a shorting opportunity today. If PDL & S1 is compromised we can expect Target 2 getting tested on lower side. I would look for possible long opportunity only when 17075 is taken on upside and sustains.
Nifty Trade Plan for 23 DEC 2021 Expiry Trading Expecting a gap up opening in Nifty around 17100 levels If the first 5 min candle open is again taken on the upside then we can expect 17200 resistance to be tested. After such a gap up opening, any resistance confirmation around 17100 (Virgin CPR zone) we can possible looking for profit booking and we can...
Nifty Trade Plan for 15 DEC 2021 Expected market to open flat. Marked out the Support & Resistance zones for today trade. Initiate trades based on the price action around these zones. Will update more in live market.
Nifty Trade Plan for 14 DEC 2021 Global markets are weaker. Expecting a gap down opening in Nifty. In case Nifty opens below previous day low and comes for retest to Previous day low and finds resistance then we can go short and sit for first target of 17270 , if S1 is compromised on lower side we can extend out next target to 17160.
Nifty 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...
Nifty Trade Plan for 18 NOV 2021 Expecting Nifty to open flat to small gap down today. Nifty had taken good support at previous virgin CPR levels,if that is compromised we can expect Nifty to test out 17800 levels once and find reversals from there. In case if we find some support around 17800-17840 levels we can expect Nifty to again test out CPR levels so we...
Nifty Trade Setup for 17 NOV 2021 Nifty looking weaker by closing below next day CPR levels in yesterday session. Expecting a flat to small gap down opening. If previous day low is compromised then the first support is around the bearish Breakout zone of 17900 and then if that is taken out we can expect 17800 to be tested. To go long today only if CPR is taken...
Nifty 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...
Nifty Following A Good trend line Try Buying if Taking Support at the Trendline