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Niftytradingidea

Nifty Intraday Levels for 15-07-2021NSE:NIFTY Levels will be same as given earlier. Go Long only above 15880 Target -1 15940 Target- 2 16000 Go Short only below 15739.40 Target-1 15684.10 Target-2 15628.40 Scenario: 1) If Open with gap up above 15880 then go long but wait for initial 15-20 minutes. Book profit with 50-55 points only. Then wait for a clear sign for for uptrend. 2) If Open with gap up above 15880 and within 15 minutes face resistance at 15920 then don't jump to take any trade. Let it go down till 15840 and break it with powerful candle. Then follow the marked levels on sell side. I recommend to keep on booking 50-60 points profit as tomorrow is expiry day. 3) If open with flat around 15830-15850 then wait for a clear trend and follow the level on either side. If breakdown below 15809 then take first target till trend-line. And if the trend-line breaks down then follow the marked target level. 4) If Open with gap down around 15780-15800 then wait till it breaks down the trend line to go short or wait till it breaks up the 15880. Don't trade in between these level as tomorrow is expiry and market may be sideways in the 1st half. It is not good to loose your option premium in sideways market. If any doubts/suggestions, comment below. All the best for trading on expiry day.
NSE:NIFTY
by Trading_hawk
10
NIFTY FELL SHARPLY DUE TO GLOBAL PRESSURE NOW WHAT??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 consolidating which shows indecisiveness but levels to watch as of now to make any new fresh positions are 15900 above and 15680-15620 as SUPPORT upward you might see multiple RESISTANCE, some of them are R1 15730 R2 15800
NSE:NIFTY
by Wealthcam
NIFTY UNDER PRESSURE??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 sharp 40-60 points fall in first half of nifty before RECOVERING MO FRESH BUYING RECOMMENDED UNLESS NIFTY BREAKS IT ALL TIME HIGH which is 14900 levels which has been already multiple time tested New supports being S1 - 15760 S2 -15640
NSE:NIFTY
by Wealthcam
NIFTY CHART ANALYSED FOR 6th JULYThough 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 Else EXPECTING SIDEWAYS TO BEARISH market tomorrow if given level is not breached in the first half
NSE:NIFTY
by Wealthcam
NIFTY CHART ANALYSED FOR UPCOMING TRADING SESSIONS More like INVERTED HEAD AND SHOULDERS PATTERN identified and also a TRENDLINE which had been acting as a RESISTANCE Now standing at MAKE OR BREAK LEVEL as break of 15745 level would not only break the trend line but also the NECKLINE of the potential INVERTED HEAD AND SHOULDERS PATTERN, but candle close is need to confirm the breakout, the safest way to make new long position on retest, it would result in better risk to reward There is high probability of breaking this RESISTANCE as it has been tested multiple times and the more it tests its RESISTANCE, the weaker it becomes and probability of breaking that given RESISTANCE level becomes higher
NSE:NIFTYLong
by Wealthcam