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Niftytechnicals

Nifty Trade Plan for 29 Sep 2021Expect Nifty to open gap down. Global weakness witnessed in the last trading session and expecting nifty to open gap down. On opening we can expect possible support around 17650 levels, if that is compromised we can expect Bearish Breakout zone 17564 to the tested. If break out confirmed then we can expect Target 1 & Target 2 to be tested. Even that is compromised then extended target of 17300 likely to be tested. Very Narrow CPR and India VIX on high , expect some good volatile market and trade safe.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Plan for 28 Sep 2021Nifty Trade Plan for 28 Sep 2021 Yesterday Nifty closed well below the next day CPR and little narrow CPR today. CPR shoud act as a resistance and if taken out we can expect resistance around 17894. In case if Bearish Reversal zone is taken out on upside we can expect Bullish Beak out zone - 17933 to the tested again and if that is taken out we can expect even 18k to tested. Global markets are not that bullish today hence any rejection at CPR we can expect Nifty to again test yesterday low and it that is compromised we can Bearish Break out & Lower Target 1 & Target 2 tested out today. There is a virgin CPR from yesterday on the lower side, need to watch out for the price action around these levels if you are going short on CPR rejection.
NSE:NIFTY
by RaviChandran_Rajkumar
4
Nifty Expiry day Trade Plan for 23 Sep 2021Nifty expected to open gap up. Being narrow cpr we can expect some good moves today. The first resistance to watch out would be 17660 levels, if that is taken out on the upside we can expect higher targets. Any resistance around these we can expect to test Bullish breakout zones. Today being expiry we can expect moves on either side. If Bullish Break Out zone of 17594 getting compromised the we can expect Nifty to be back in range and might test yesterday lows.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Plan for 21 Sep 2021Nifty likely to open flat to small gap up. Nifty closed on bearish note and the global parameters still showing some selling pressure. Nifty is at decent support and CPR should act as a strong resistance for Nifty. watch out for 17468 as a good resistance and any resistance confirmed around these is again a selling opportunity in nifty today. In case of Bullish Reversal zone of 17325 compromised we can expect possible 17250 levels and lower.
NSE:NIFTY
by RaviChandran_Rajkumar
2
Nifty Trade Plan for 17 Sep 2021Nifty expected to open gap up. Nifty likely to open around 17670 levels If this Bearish Reversal zone is taken out on opening we can expect the first resistance around 17703 levels. In case if this bullish Breakout zone of 17703 holds good and sustains we can expect possible Target 1 & Target 2 today. In case if 17670 gives some resistance then we can expect nifty to come and test the CPR levels, Any support getting confirmed around 17600 levels is again a buying opportunity today.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Setup for 15 Sep 2021Nifty Likely to open flat to small gap up. Global markets having slight selling pressures. Nifty first resistance to watch out will be 17400-17420 levels. Once if 17420 sustains and taken on the upside we can expect to test out Target 1 / Target 2 & higher. Any rejection at these zones we can expect Nifty to test lower supports. If CPR acts as resistance then we can expect Nifty to test 17360 and if that is compromised we can also test lower Target 1 & Target 2.
NSE:NIFTY
by RaviChandran_Rajkumar
Simple Trade Setup | NIFTY | 13-09-2021NSE: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 upper trendline will make NIFTY bank to give bullish move. Please refer below chart : 15 time frame. 2) On 15min time frame, Level 17370 is working as support and resistance level. It is a critical level. Breakout of this level will give up move easily till 17410 and if it keep on facing resistance from it then it will give down move. If on Monday,13-09-2021, it opens Gap up and gets support from 17370 then it will be quick buy entry. Please refer below chart : 15 time frame. ------------------------------------- Trade Setup for Date 13-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:NIFTY
by Trading_hawk
7
Nifty Trade Plan for 09 Sep 2021Expecting a flat opening in case of Nifty. Nifty recovered well after testing that 11250 levels on closing and managed to close above next day CPR. Today's CPR should act as a good support on flat opening and 17390 & 17430 should act as a strong resistance on upside. In case if 17430 taken on upside we can again see Nifty rallying on the upside. In case if CPR low of 17318 compromised early during the day and also Previous day low compromised then we can expect possible lower Target 1 & Target 2 & Ex-Targets as identified by the indicator.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Setup for 24 Aug 2021Long Opportunity : If Nifty opens flat and CPR provides support and first resistance of 16530 taken out we can expect it test 16550 & then the previous V-CPR levels. A close above V-CPR we can expect again to go long and sit for Target 1 & Target 2 Any good support at yesterday's low is good opportunity to go long. Short Opportunity : Any resitance at V-CPR we can possible go short with VCPR above as SL and expect it to test CPR. If it opens flat and compromises CPR then we can expect to yesterday lows.
NSE:NIFTY
by RaviChandran_Rajkumar
NIFTY FELL SHARPLY DUE TO GLOBAL PRESSURE NOW WHAT??Asian markets tumbled on concerns about China's recovery and tighter regulation on technology companies Now it stands at very crucial levels as if the Index fails to reverse from current levels and break below 15680 levels then it should be considered as a breakdown from the ending diagonal pattern In 45 minutes time frame NIFTY is still seems to be consolidating which shows indecisiveness but levels to watch as of now to make any new fresh positions are 15900 above and 15680-15620 as SUPPORT upward you might see multiple RESISTANCE, some of them are R1 15730 R2 15800
NSE:NIFTY
by Wealthcam
NIFTY CHART ANALYSED FOR UPCOMING TRADING SESSIONS More like INVERTED HEAD AND SHOULDERS PATTERN identified and also a TRENDLINE which had been acting as a RESISTANCE Now standing at MAKE OR BREAK LEVEL as break of 15745 level would not only break the trend line but also the NECKLINE of the potential INVERTED HEAD AND SHOULDERS PATTERN, but candle close is need to confirm the breakout, the safest way to make new long position on retest, it would result in better risk to reward There is high probability of breaking this RESISTANCE as it has been tested multiple times and the more it tests its RESISTANCE, the weaker it becomes and probability of breaking that given RESISTANCE level becomes higher
NSE:NIFTYLong
by Wealthcam
Critical levels for NIFTY in H4 for WC 17-5Critical levels for NIFTY in H4 for WC 17-5 The following technical analysis is based on a price structure with support and resistance estimates which separates into trading zones with the solid lines are the major levels. A trading strategy with a powerful price structure that could change the way you look at price action The estimated major levels for WC 17-5 are around 15122, 14808, 14618, 14307 We could be looking at 14618 and 14307 as major support for the beginning of the week. If we find support at 14618, then 14808, 14930, and 15122 are potential targets to the upside.
NSE:NIFTY
by Rotuma