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Nifty Trade Setup for 19 APR 2022Nifty Trade Setup for 19 APR 2022 Expected Opening: Nifty expected to open with a small gap up opening between R1 resistance and Bearish Reversal zone. In case R1 resistance holds good we can again expect Nifty to test CPR levels. Any support getting confirmed at CPR we will have a good opportunity to take long position with R1 & above targets. In case if CPR is compromised then we can expect Bullish Reversal zone & Bearish Breakout zone as the next supports to watch out. In case Bearish Break out getting compromised we can expect more selling pressure. Nifty has taken good monthly cpr support and likely to recover back.
NSE:NIFTY
by RaviChandran_Rajkumar
Morning Mantra, 7th April 2022Good Morning! On observing the current situations, it seems that Nifty is somehow rebalancing the affects of the “HDFC Merger”. In relation to which, we did observe a clear closing of near to the stated support level of 17800, yesterday. Whereas, on the positive note, even after making a low of around 17779 we can say that Nifty beautifully managed to not violate its support level on a closing basis. Moreover, as today is a day of weekly settlement, it will be suggested to stay cautious and to be stock specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Simple Trade Setup | NIFTY | 23-03-2022 [INTRADAY]NSE:NIFTY Observations: 1) On 15min time frame, we can see a rounding bottom pattern. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 23-03-2022 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.
NSE:NIFTY
by Trading_hawk
Morning Mantra, 22nd March 2022Good Morning, As expected and already stated, the level of 17300 is now a crucial resistance for the index and the same had been observed in the yesterday's trading session as well. Moreover, as per the current chart setup, we are expecting a healthy pull back towards 16990 in nifty, for its another attempt to cross a its crucial resistance of 17300. Also in a way, we are quite optimistic for a weekly favorable breakout. Meanwhile, be stock specific and continue following the cherry picking strategy. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya