NIFTY 50 Index - BullNIFTY 50 Index (Chart as on 7 June 2021)
* Tested 4 times already at the bottom of the trend channel line and now moving upward
* break-out the head & shoulders pattern
* Clear Signal for a Bullish Market
* Still, chances are there to re-test at 15320-15400 range, as a small correction
* But overall it seems like a bull market for next 1000 points
Good Luck!
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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Niftytrading
Nifty Buy signal , Don't Miss this opportunity11170 is the new support for Nifty at this stage. It’s going attempt to break 11350 after failing for the last three attempts. If this level is taken, it can see 11500 and above zones.
If nifty opens with a up trend go long and book profit at 11300-11350 if it doesnt open with up trend dont enter long.
Entry - 11250
First target - 11300 - 11350
Second target - 11500
Stop loss - 11200
BankNifty , buy at 21652 from support level I will go LONG on banknifty because:
1) The price is under Support/Resistance zone.
2) It has touched the support and may reach the resistance zone.
3) Target would be the Resistance area. Book profit when it reaches the resistance zone.
4) The price is also forming a Chanel or Rectangle Pattern .
Nifty: Supply and Demand Zones for the Next week1st Bullish Sign if Nifty will give daily close or sustain above 11200. In this case Nifty may test its next Major Supply Zone @ 11300. and in any case If it will manage to sustain above 11300 then it my test its next Supply Zones @ 11350-11450.
There are multiple Demand Zones between 11050 to 11200. In any case if it will give daily close or sustain below 11200 then, I may take a short position in 11000 put.
11050 to 11300 is a Sideways Zone but I will not preferer to take positional short trade because still there is no damage in short term bullish structure.
Thank x
Have a gr8 Weekend :)
Comprehensive studies on NIFTY with using different Theories.Trend-base fib retracement major and minor EWT R 10844 for wave 5th.
=> 4W should not overlapped 1W: intentionally ignored from past research. More detail:
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timeCycle, fall expected date 8th/9th July 2020. As per PRICE ACTION, gap up can be seen and then a reversal.
History is going to repeat in this case, labeled 1 and labeled 2.
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Parallel Channel and Price Gravitation studied:
Ignored Intentionally the price which is outside of the parallel channel. We can be called them Access, Penetration whatever you want.
Upper Band has 4 touching and the lower band has 2 but important is Price Gravitation whereas "g" is waiting as the target. 10495 nearby
Upper-Band resistance zone starting from 10925-10979 . You can set the alert this area for selling zone.
Bank NiftySupport of the day - 20750
Resistance of the day - 21310
Trading always has to be handled with realistic Analytics and based on our research we are providing levels.
Other details will be soon sent out.
We stress working on a stress free trading experience for trades to make happy. More analysis will follow soon.
Bullish view on NiftyIt looks like complex correction is in process(Triple Zigzag to be precise). So the view is bullish for short term.
Also there is a breakout of bearish channel and the Target for the same turns out to be 9600 and 9850, ideal stoploss for the setup can be below 8800.
Nearest Support levels: 9000-8800
Nearest Resistance levels: 9600-9850
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.
Nifty: Intraday Trading Plan: I will Plan for a Short Trade Hello,
As I have mentioned in my weekly analysys, I am not bullish in NIfty.
Major Supply Zone @ 12085-12115 and Major Demand Zone @ 11950-11975
On Monday if it will sustain below 12085 then I will go short for the target of next demand zone.
Trade Well
My Trading Plan for NiftyHello,
Please find the Demand and Supply Zones and OI position in the Chart.
Nifty is trading in the sideways Zone: 12290-12400.
Plan A: If it will sustain above 12350 then I may sell 12300 put.
Plan B: If it will sustain below 12350 then I will avoid trading in Nifty.
Plan C: If it will sustain above 12400 then I may take a long position.
Plan D: If it will sustain below 12290 then I may take a short position.
Thank x
BANK NIFTY: WEEK-TECH-SHEET->17th June 2019 to 21st June 2019ghstocktrading.webnode
BANK NIFTY: WEEK-TECH-SHEET->17th June 2019 to 21st June 2019
Bank nifty moves around -603.85 pips from 17th June 2019 to 21st June 2019, in which bank nifty break last week 10th June 2019 to 14th June 2019 bottom 30508.95.
NIFTY: PAST, PRESENT & FUTUREThe latest correction (in last week of April & first week of May) has got some significance from a pure technical analysis perspective. Weekly chart is being considered for analysis.
OBSERVATION 1: For the third time if not more, we could see Nifty appears to have peculiar price action on its second attempt to break life time high. Each time in the previous two occurrences it appears to experience a sharp price correction form the life time high.
But in each of the previous two occurrences the price fall seems to get arrested between 38.2% and 50% of the correction from second top and went on to make life time highs.
OBSERVATION 2: We could also observe that the time period for retest of life time highs is becoming half. In first instance it took about 36 months (3 Years) for Nifty to retest life time highs.
In second instance the time period had reduced by half to about 18 months (1.50 Years). In current scenario, the time span is about 9 months (0.75 Years).
OBSERVATION 3: In the previous 2 occurrences (Figure 2) NIFTY has moved approximately 2700 points after breaking out from their previous Life Time Highs.
FORECAST: If the pattern is to repeat for the 3rd time, we expect NIFTY to reverse somewhere in the range of 11140 to 10920 and break its previous life time high (11860 area) to begin its 2700 point journey towards 14500.
BIG GAME BEING PLAYED!!!! FAKE UPSIDE? WHERE ARE WE HEADING? In the past 2 months Nifty has given us many shockers. From the major fall on 21 Sept to the Sudden Recovery of 150/ 800 Points in Nifty / Bank Nifty out of nowhere on 10 October.
FII / DII are large investor and have the money and techniques to move the market in the direction they wish to. In started in September when they began to take Short Positions. Since the beginning of September they were shorting heavily. On 19 September they were net 44K+ Short. The downfall on the next 4 days was used to cover these shorts. Nifty / Bank Nifty fell 400/1000 Points to cover these 44K shorts. Remember this figure.
In October, some of us started thinking that the market is done with the correction and started adding longs. However FII/DII has been still shorting since the very first day of October. In the past week, Nifty touched -300 twice and reached 10200. Now one thing which will amaze you is, even at 10200, FII/DII did not squared off their position i.e. they are still carrying their short position. So the first question arise, when will they close their position?
Mind you, In October FII / DII have having double the number of shorts than in September. (80K i.e. a level which can kill the market)
Today on 10 October, Nifty rose 150 Points and Bank Nifty rose 800 Points. However no panic was shown by the big players, and they continue to add shorts in big numbers and have increased their shorts by 18K+ (i.e. a whopping 25%+). Now, Since FII/DII are the smartest player, each of their move is calculated and they do not make any move irrationally. Their increased shorts only Indicate a big downfall coming up.
Also, answer my prior question, WHEN WILL THEY CLOSE THEIR SHORTS?
1. Market will rise more, making people believe that the bullish time has arrived and when all the bulls have taken long position. Then market will begin to fell. Market might show a maximum of 10550 ( Resistance) or 10640 (38.2 Fibo Level)
2. The Rose of 10 October, will be used by FII/DII to add more short position and increase the average shorting level.
Since they did not close their short positions at 10200. They will close it at a EVEN LOWER PRICE. October being a result result, a bad result of a big Nifty 50 company might lead to panic and market will start falling like a house of cards.
Also, I should mention 2 thoughts I have in mind :
1. Either this market rise will be used by FII/DII to average their Shorting Level, because market will not fall below 10200.
2. Or They expect even lower Levels and want huge money, and thus want to short at every rise!
These are just my thoughts, and my view to the things going around. I hope it Helps.
Nifty Trading Ideas from Current Level.The first link is of Nifty daily chart where Nifty is close to two zones namely zone -1 & zone - 2, from where an impulse action has the possibility to hit the first competitive target of 9792.05 . Many are saying that there might be a support at around price range of zone -1, which according to the daily chart it is showing that it is a supply becoming demand zone
NIFTY DAILY -
But according to the weekly chart there is nothing. So a long is not recommended in zone -1 as there is strong chance of the zone getting broken. Also from zone-1, risk to reward is not 1:3 till target of 9792.05 . So nothing from zone-1.
NIFTY WEEKLY -
In zone -2, according to daily its a good demand zone.Weekly also showing the same thing. So from zone-2, a long is recommended according to daily chart till the first competitive target. Also risk to reward is more than 1:3. So a long from zone -2 in cash or future (in the money) is recommended. Place Entry and Stop-loss according to the zone marked. Also get out of any short positions when price reaches Zone-2 .
And if price breaks Zone-2 then shorting till zone-3 can be done. Price can have impulsive movements in-between Zone-2 & Zone-3 but there will be no positive trend reversal until Zone-3 is reached as it has the highest probability to be the maximum pullback.Fibonacci levels are drawn as a contrarian. Also it is a very good demand zone. So if nifty touches Zone-3, it will make a new high. A long from Zone-3 can be done thereafter.
Note:- I will be following my own analysis as above and someone else following it should do at their own risk.
Peace!!
Nifty 50 : Potential Gartley & Bat patternIn Nifty we have two potential patterns, when there is potential patterns bcos of greed we tend to trade CD moves, its really bad habit. You should not trade CD move during your learning phase of patterns. The safest setup is to trade after pattern completion from D point.
In Nifty, a week before we had more than 300 points in 10 days just by patterns but that doesn't mean that pattern is winner everytime, we should realize that fact. The above patterns may or may not complete. If it completes I will trade this setup else I will look for other trade setups. Its simple as that but don't take positions just based on Belief that it will work,its bad for your capital !
Lets wait for pattern completion....If no, lets search next trade setup !