Nifty has consolidated between 17238 - 17500 area. It has reversed from 17500 back to 17238 last week. Potential breakout can happen once nifty break these levels. NSE:NIFTY NSE:NIFTY1!
NSE:NIFTY
Trade Setup for 02-08-2022
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...
Nifty opened flat and we saw selling at open towards 17200 zones where Nifty took to support and shown good recovery of more than 100 points but couldn't sustain at higher levels and we saw sharp selling in last 30 mins.
Trades we took Today:
> Bought Nifty 17150 CE at 165 which we booked with 5 points loss
> Bought Nifty 17300 PE at 95 which made a high above...
Nifty Trade Plan for 11 OCT 2021
If Bullish Reversal provides support & CPR taken out upside
we can expect PDH will be possible first target and if taken out we can expect new highs.
If Break out is confirmed we can possibly expect Nifty
to test Target 2 & even Extended Target Zone at lower support zone
Long 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...
Nifty opened with a gap-up opening as expected and faced resistance near 15800 zones, we saw the sharp selling which took Nifty to 15650 zones again. Nifty is trading in the same range 15600 - 15900 and until this range is broken, we won't see the trending move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 15725
Sell Below - 15650
To...
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...
As discussed though NIFTY showed some strength in FIRST but ended up being VOLATILE finally and exact rejections seen from 15900 levels as expected
Now the reason being under pressure as its closing 15830 which is very crucial as we can see NIFTY faced much pressure as BEARS always overpowered BULLS in these levels so it is expected if opened weak we can see...
Though nifty had been in a bull run as we expected and discussed in last analysis but couldn’t give its day closing well
If it closed above 15840 we couldn’t have expected another bull run as 18540 range is level where multiple rejections can be seen,
Tomorrow first 15 minute candle is to watched, if closed above 15840, we can expect a small run toll 15900...
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.
As expected, Nifty opened with a gap down and showed a good rally towards the resistance zone 15750-15760. It faced resistance and lost all the gains and broke the day low around 2:00 PM which gave a good opportunity to Put Buyers.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 15700
Sell Below - 15660
To motivate me, Please like the idea...
As you guys can see the channel is well respected but the only problem here is that the channel is getting narrower and hitting the lower line constantly making it weaker
BANKNIFTY has already broken below but NIFTY is still halting
So making at its real crucial levels as break of this lower line could result in one sided 100-200 points fall in NIFTY but make...
NIFTY
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NIFTY MAKING NEW HIGH DAILY
HOPE IT WILL MAKE A NEW HIGH TODAY ALSO
ANALYSIS
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RESISTANCE IS AT 15816
SUPPORTS ARE AT 15756, 15727.
WE CAN BUY REVERSALS AT 15756/15727. FOR TARGET OF 15816.
SIMILARLY WE CAN SELL REVERSAL AT 15816 FOR TARGET OF 15756.
IF 15816 IS BREACHED, WE CAN BUY ON A RETEST FOR AN INVISIBLE...
Exactly reversed from our given resistance as you can see
Next resistance to watch is 14600
And next support being 14400
Could be a trending if breaches 14400✅
![NIFTY: Simple Trade Setup | NIFTY | 02-08-2022 [INTRADAY]](https://s3.tradingview.com/k/KS0vXeaB_mid.png "Simple Trade Setup | NIFTY | 02-08-2022 [INTRADAY]")
