Nifty as predicted was bullish and can remain positive for tomorrow.
It has closed above its 20EMA on a 15 mint time frame.
Support:- 17450, 17320
Resistance:- 17500, 17595
Wait for the price action before entering into trade.
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...
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
On 1 hour time frame nifty is taking support at its 20ema.
The market may consolidate near the 20 Ema or fall further.
Support:- 17100, 17000-17030
Resistance:- 17321, 17500
Wait for the price action near the trend line.
Nifty 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.
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...
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...
I 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...
Today 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...
Nifty looking fatigue, may be it already made its top, if you are in long option position in nifty , it will be better that you must go on with hedged position.
nifty future analysis for 21.06.2021, analysis levels for option trading for 21.06.2021
Note -you may hear some speech fumble due to having cough and cold, so please pardon me.
Nifty 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...
Nifty has given a flag Breakout
Considering this a bullish sign, buy the dip will be my strategy.
Keeping it very simple today !
Support is at 15000
Resistance at 15200
Happy Trading !!!
Nifty 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.
Buy Ashok Leyland above 112.5.
Targets 120-125-134
Stoploss- Below 105 (Closing Basis)
Strong support at current levels with a positive MACD diversion. The risk reward is good and the stock is showing good volumes.
Nifty Showing Bearish Divergence with RSI and Stochastic.
May be there would be a correction and take support at 14860
and if we see a Breakout above 14950 with volume and/or gap-up then upside till 15050
Nifty 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...
![NIFTY: Simple Trade Setup | NIFTY | 10-03-2022 [INTRADAY]](https://s3.tradingview.com/y/YJWGerHO_mid.png "Simple Trade Setup | NIFTY | 10-03-2022 [INTRADAY]")
![NIFTY: Simple Trade Setup | NIFTY | 02-03-2022 [INTRADAY]](https://s3.tradingview.com/7/7hU92qX6_mid.png "Simple Trade Setup | NIFTY | 02-03-2022 [INTRADAY]")
