Bank Nifty (Neowave Update)NSE:BANKNIFTY
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Degree full forms-
L1 stand for Long term wave 1 and so on
M1 stand for Medium term wave 1 and so on
S1 stand for short term wave 1 and so on
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Key Points-
Stoploss- 44780
This needs to break for the confirmation of downside.
Support level- 45661
Use this as a stoploss for buying position
Target1 - 47200, Target-2 48800
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Probablities-
# we are in up cycles now, which is in sync with SC series.
So we will see bulllish ((i)) , ((ii)) and so on count.
#There is always comes a word "but" which says follow risk managment.
But Scenerios
Incase 1 support level is hit, Than stoploss also hit mean cycles is change.
Incase 2 if support level is hit and stoploss is not, than SC4 is still going
changes of case 1 is more in case of breaking of support level.
Thank You
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Medium Term Forecast
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Niftytradingview
Morning Mantra - 31st May 2023Dear All,
So once again yesterday, Nifty was trading in a range bound, where we had somehow witnessed a fight between a bull and a bear at the upper levels.
Fortunately, the Index gave us a beautiful closing of above 18600, which is indeed a good sign for the Market, as of now.
Moreover, until the time Nifty is trading above this level of 18600, the sentiments are still positive for witnessing a New high in the upcoming days.
However, if in case Nifty breaks this level of 18600, then do not worry but wait for the level of at least 18400-18200 as the pull back zone in Nifty, as of now.
Furthermore, the idea of Rebalancing the Portfolio and Cherry Picking will remain to be a good idea, until Nifty triggers its new high.
Regards,
Alok Daiya
SEBI Registered Research Analyst
Nifty Daily Levels Update For Option Day TradingHow to know Nifty is bullish or bearish?
Buy ATM Call Option - If Nifty sustain above - 16040
STOP-LOSS - After taking Trade if any 30 min. Candle Closes Below 16000
TARGET- 16240
Buy ATM Put Option - Below 16000 ( Nfty Support )
STOP-LOSS - After taking Trade if any 30 min. Candle Closes Above 16040
TARGET- 15740, 15450
For More Details Search in Google - Nifty levels by Manoj Shinde 27485
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
Live Nifty Intraday Trade setup for Today 25th June 2021Above 15850 Nifty may go bullish again. Being 1st trading day of new series wait and watch will be better for market today.
Immediate Support: 15800
Immediate Resistance: 15900
Trade with Stoploss!
For Information & Education purpose only!
Regards
Trade Leader Institute
Live Nifty Intraday Trade setup for Today 24th June 2021Nifty may stay sideways in the range of 15800 to 15700 Being last expiry of the month volatility is expected. Follow the targets with trading rules
Immediate Support: 15800
Trade with Stoploss!
For Information & Education purpose only!
Regards
Trade Leader Institute
NIFTY FOR THE DAY 07-JUN-2021NIFTY
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NIFTY MAKING NEW HIGHS EVERY DAY.
HOPE IT WILL MAKE A NEW HIGH TODAY.
ANALYSIS
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NIFTY TRADING NEAR THE RESISTANCE 15756. MAJOR SUPPORT AT 15648.
BETWEEN THESE TWO LEVELS THERE ARE MANY MINOR LEVELS WHICH COULD ACT AS SUPPORT / RESISTANCE.
IF NIFTY HAPPENS TO TRADE BETWEEN THESE TWO LEVELS IT COULD BE A RANGE BOUND DAY.
IF NIFTY BREAKS THE RESISTANCE AT 15756, THEN WE COULD BUY FOR AN INVISIBLE TARGET.
IF NIFTY SHOWS DOWN SIGNS AT RESISTANCE 15756, THEN WE CAN SELL FOR SMALL INTERMEDIATE TARGETS. 15648 IS NOT A ADVISABLE TARGET.
IF NIFTY GOES TOWARDS THE SUPPORT AT 15648 AND SHOWS REVERSAL SIGNS, THEN WE CAN BUY FOR SMALL INTERMEDIATE TARGETS.
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