Nifty is above 15850. Clearly Bulls in power. Again it may face Immediate Resistance at 15900, And 15800 will act as major support . Follow the trading rules Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader Institute
Nifty Trade Plan for 16 June 2021 Today's Trade Setup : Global clues looks little weak. Expected Nifty to open slightly gap down. If Nifty opens gap down, then 15870 holds the key resistance and 15835 a strong support to watch. If 15835 is taken out we can expect Nifty to fill the previous gap and test out 15780 & lower. In case if 15870 is taken on the...
NIFTY ------------------------ NIFTY MAKING ALL TIME NEW HIGHS IN THE PAST WEEKS. HOPE IT WILL MAKE NEW HIGH TODAY ALSO. YESTERDAY I THOUGHT THAT NIFTY MAY GO INTO A CORRECTION PHASE FOR A WEEK OR TWO. BUT IT MOVES ABOVE 15818, WHICH INDICATES, THERE IS SOME MORE UPMOVE. ANALYSIS ------------------------ NIFTY MOVED ABOVE 15818. AFTER A TEST ON 15818, WE CAN BUY...
Though the news flow affected the price action a bit yesterday but didn’t affect its strength as NIFTY made 100 percent recovery which shows the strength 15830 is the level to watch as of now ! If sustains then NIFTY TO THE MOON
If Tomorrow Nifty opens gap up and break the resistance level and sustain above the blue zone then go for buying side ===================================================================================================== If it get rejection near resistance level and break the blue zone go for selling side with Re-test and candlestick confirmation and with your...
NIFTY is ASCENDING triangle pattern and it can resume its uptrend 15810-15790 is a SUPPLY ZONE to look at as of now as its break can lead to further all time high Don’t shorts unless this pattern breaks with proper candle close
IF TOMORROW MARKET OPENS GAP-UP WAIT FOR PULLBACK NEAR BLUE ZONE CANDLES REJECTION AS SUPPORT GO FOR LONG OR MARKET OPENS GAP-DOWN WAIT FOR PULLBACK NEAR BLUE ZONE CANDLES REJECTION AS RESISTANCE GO FOR SHORT ---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS GOOD}--------------------------------- ====FOR EDUCATIONAL====
NIFTY ------------------------ NIFTY MAKING NEW HIGHS IN THE PAST ONE WEEK. LAST TWO MISSED THE SEQUENCE. HOPE TODAY IT MAY MAKE A NEW HIGH. ANALYSIS ------------------------ NIFTY IS TRADING NEAR THE RESISTANCE 15816. IF WE SEE ANY WEAKNESS AROUND THIS RESISTANCE, WE CAN SELL FOR TARGET OF 15756. SIMILARLY, 15756 IS A GOOD SUPPORT. IF WE SEE ANY STRENGTH AROUND...
Nifty Trade Plan for 11 June 2021 How chart looks on HTF : Nifty formed a good bullish candle on daily time frame taking good support from monthly support zone Expected Opening : Expecting a flattish to small gap up opening in Nifty. Today's Trade Setup : Nifty looks bullish and managed to close above next day CPR. If flat or gap up opening, watch out for...
Nifty broke our bearish DOW theory and made a HH (higher high) than previous LH (lower high) If this bullish DOW theory has to continue, expecting a HL and then continue upwards. Cautiously Bullish view here. Though if on a broader outlook, it has not crossed high and we can consider today's high as Lower high compared to yesterday's High. So, on broader view, it...
understanding trends through support and resistance.
Nifty bounced from support range 15650-15557. So it seems wave (iv) is completed at 15567 and wave (v) is already started. Projection range for wave (v) is coming at 15908-16119.
Nifty in upward channel flag 15778 Very Strong resistance, if breaks again ATH records... (Bias is bearish though) Below 15715, breakdown of channel, may touch support at 15650 / 15620
Nifty broke the Higher Low of the previous Uptrend, making a Lower Low - Lower High formation. This can be considered trend reversal. Nifty may halt at this level between 15700 - 15500 If flag breaks down making LL below 15560, or makes a bearish candle pattern supporting bearish view, we may go for short. else price may halt here before continuing the downward...
NIFTY ------------------------ NIFTY MADE NEW HIGHS FOR MORE THAN A WEEK. NOW, POSSIBLY ENTERED INTO A CORRECTION MODE. IT MAY GO LOW TO 15411 - 15265 LEVELS. IF IT GOES BELOW 15265, IT IS NOT GOOD FOR NIFTY. ANALYSIS ------------------------ 15716 AND 15756 ARE THE RESISTANCES. AND 15650 IS THE SUPPORT. IF WE SEE REVERSAL AT 15716 / 15756, WE CAN SELL FOR A...
Nifty Trade Plan for 10 June 2021 How chart looks on HTF : Nifty formed a bearish candle and managed to close just on the monthly opening price as support. Expected Opening : Expecting a flattish to small gap up opening in Nifty. Today's Trade Setup : Monthly Support (Purple dotted line) is a good support that was sustained in yesterday's session. Expecting...