Nifty will be Gap down opening in today's session. After opening nifty sustain below 17600 level and then possible downside rally up to 17400 in today's session. in case nifty trades above the 17680 level then the upside target can go up to the 17850 level.
Nifty will be Gap up opening in today's session. After opening nifty sustain Above 17680 level and then possible upside rally up to 17800 in today's session. in case nifty trades below the 17630 level then the downside target can go up to the 17500 level.
SGX nifty indicates a negative start. Market nature is bearish. It may start with a gap-down. After that, if the market takes a pullback without breaking the previous day's low, then we expect minor consolidation to pull back. On the other hand, if the initial market takes a sharp correction, that's a sign of correction continuation.
Yesterday we had seen heavy volitilty in market, today also expected volitilty. If nifty play above selling zone then we can see fast movement in upside till 17986, if play below buying zone we can see fast movement downside till 17250
The budget day volatility has created a long wick doji and a big range of 600 points in nifty. The market has closed between both the moving averages.
In the first half the market consolidated and has given both side move after the break out of the zone.
On the hourly charts, the market has closed below both the moving averages.
Nifty has closed almost flat and...
Nifty after a wild budget day took support at the gap area of 17310-17350 and made a rapid recovery back to 17600. A trendline can be drawn that connects the Covid low, the recent swing bottom of 15183 from which we achieved ATH and today's low. A Fib retracement drawn from ATH 18887 and swing bottom of 15183 indicates that Nifty is just above its 38.2%...
NIfty has given breakout on the downside from the consolidation zone and moved towards 17500, took support there and finished the week at 17600.
It is highly unlikely that downside is over and that it may open with a gap up scenario even if global cues are positive. A flat open is not tradeable as Nifty might move to upside or downside and no way of knowing what...
hey folks
here is my nifty 50 idea , as we can see divergence in macd and rising wedge breakdown at a same time we can see parallel channel downtrend.
My actual target for nifty is around 16000 range
Kindly give your thoughts in the comment section
Nifty will be Gap up opening in today's session. After opening nifty sustain above 17700 level and then possible upside rally up to 17850 in today's session. in case nifty trades below the 17650 level then the upside target can go up to the 17500 level.
The SGX nifty indicates a positive start. But today we have an important event and that is the Union Budget. It will start around 11 am. So most likely the market will act based on this phenomenon. There I prepared chart based on Elliott wave on hourly chart. It might work. But take your position a bit more carefully.
The FASP for Nifty is listed for 24-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
NSE:NIFTY
NIFTY NOW BULLL
NIFTY MONDAY TREND BULLESH
OVEROL TREND BULLSH
MY INDICTOR NOW BULLESH SINGENEL
Sep 30
This script display five moving average channels,
main channel (EMA144, EMA169), second (EMA288, EMA338), third (EMA576, EMA676)
This channels can act as support/resistance , a trade can be setup when price enter and then leave the...
NSE:NIFTY
Observations:
1) on 15min TF we can see some support and resistance channel.
Please refer below chart : 15min time frame.
-------------------------------------
Trade Setup for 30-01-2023
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...
Hello Traders, Welcome to SriTrader5121
____________________________________
Nifty-04/01/2023-Levels
IMPORTENT ZONE FOR THE DAY : 18201 - 18205
Possibilities of Today market open...
Possibility 1: FLAT
If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of H_R.
(or)
If market open as a FLAT and moves...
Nifty has formed a REVERSE H&S pattern but remember before any breakout and retest it may be dangerous because if you see in the case of nifty it has formed the reverse h&s pattern but the trend in higher time frame is not changed . The trend will only be changed after 17780. if nifty forms higher high after that level then only go for long.
Target will be...
Nifty will be Gap up opening in today's session. After opening nifty sustain above 17700 level and then possible upside rally up to 17850 in today's session. in case nifty trades below the 17650 level then the upside target can go up to the 17500 level.
![NIFTY: Simple Trade Setup | NIFTY | 30-01-2023 [INTRADAY]](https://s3.tradingview.com/y/ykmUAE6o_mid.png "Simple Trade Setup | NIFTY | 30-01-2023 [INTRADAY]")
