Nifty view for 30/03/22.Nifty looks bullish as it has closed above the resistance level of 17320 and its 20ema.
Market respected its 20 ema on 15 minute time frame and shooted in the second half of the day.
There may be a gap up tomorrow as the closing seems.
Support:- 17280, 17200.
Resistance :- 17450, 17575.
Wait for the price action near the levels, and look for a candlestick pattern before entering the trade.
Niftytrade
Nifty view for tomorrow Nifty on multiple small time frame has been taking resistance from its 20ema.
On an hourly time frame, nifty has closed just below the 20ema and is near its crucial support of 17190.
Nifty is bit stronger than bank nifty.
Market may consolidate before moving either side.
Trade opportunity will be in the second half.
#tradingworld
Nifty 50 view for tomorrowNifty on hourly time frame closed above the crucial moving average.
50Ema will act as an immediate support.
Key support:- 50EMA, 16145
Resistance :- 16410, 16500(round figure)
Today's nifty was bullish and may continue a bullish movement once it breaks today's high and sustains above it.
Simple Trade Setup | NIFTY | 10-03-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 15min chart, it gave closing in the resistance channel.
Please refer below chart : 15min Time Frame.
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Trade Setup for 10-03-2022
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 02-03-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 02-03-2022
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.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty SellI hope you can now see how Nifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NIFTY ANALYSIS: EXPIRY LONG TRADEToday the Indian markets showed bullish momentum in the second half of the trading session but could not break an important resistance . Looking at the global cues right now , our markets are most likely to open gap up tomorrow . So if tomorrow on expiry day , the markets cross the important resistance of 17772 then we can see good bullish momentum in the markets .
The targets given are intermediate resistances and trailing stoploss should be used once you have entered the trade . T2 is particularly an important resistance and cautious approach should be used near T2 .
You can also enter the trade if the markets directly open gap up above our entry tomorrow.
ENTRY: 17772 (15 MIN CANDLE CLOSING)
T1: 17822 (EASY TARGET)
T2: 17883 (PREFERRED EXIT)
T3: 17940 (IF MARKET SUSTAINS ABOVE T2)
Nifty View with Possible Expiry StrategyNifty formed a bearish flag on hourly timeframe
Case 1 : If it opens flat, bearish flag Breaks down, then price may test support @ 15150 / 15000
Case 2 : If gaps down, and recovers in 1st 15 min candle, giving a false breakdown of any of the mentioned support, then may go long. (shorting OTM puts is a good option / Bull Put Spread)
Special mention : Max Put Writers @ 15000, Max Call Writers @ 15500
Expiry Strategy which I am preferring : Short Iron Condor
14900-PE Buy
15050-PE Sell
15250-CE Sell
15400-CE Buy
Projected Profit : 4455 (7.6% ROI)
Capital Required approx : 58000
Breakeven points : below 14990 and above 15310
Nifty Expiry SpecialNifty consolidated before expiry today
As per option chain, calls are written more than puts
Support stands at 15000
whereas resistance is 15200
Gap may act as strong support and also if price tries to break today's high with good volume candle,
then shorts may get trapped and short covering rally may be expected.
Nifty 7 May 2021 Trade SetupNifty closed above the Bearish candle's high ( and that Bullish harami pattern ) confirming bullish reversal.
Target 1 which was set yesterday achieved.
If Nifty stays above the current level, target 2 : 14800 can be achieved easily
Call writers moved to 15000 safe level too.
Contrarion View : If Nifty reverses from this level, then major support is seen at 14500.
Happy Trading !!!
Note: 14500 monthly straddle status : 1.3% CE writers did unwind this level.
26.8 lakh CE Writers seen on 15000 level which is very bullish.
TATA MOTORS INTRADAYTata Motors is trading in a very narrow range and we expect a breakout soon on 15 mins chart.
A short position below 302 for a small target of 298 from where it is expected to rebound.
If we see a bullish breakout then we can buy for a target of 315 followed by 323.
Ultimately the momentum is still bullish and just we need to wait for a right entry level.
All the cases have been market on the chart.
TATA MOTORS INTRADAYTata Motors is trading in a very narrow range and we expect the stock to breakout from the range. A strong upside momentum is expected above 300. The position for tata motors will be bullish above 300 for an immediate target of 308 followed by 314. A level of 292 looks like a strong support and stoploss should be kept below this level.
nifty is going to open more than 200+.nifty is going to open more than 200+. At opening (b) control price can react as resistance, otherwise, the next resistance at (a) controlled is too far at 9414 nearby.
There's more chance to get a fall on nifty.
As per the time cycle nearby date 20 April, we may see nifty 8800 below.