On the hourly nifty has started showing a shift in structure from bearish to bullish, currently its right in the middle at VPOC. Today it tried to break the triangle upside but closed right at the top. How it reacts here tomorrow will be crucial, if it continues to print bullish momentum we can see 18475-500 levels. Whereas if it breaks on the downside we can...
NIfty in the last few weeks has gone from 16800 to ATH 18900. The move was swift and without any retracement hence in the last couple of weeks Nifty has retraced to the 50% area which is 17800 of the current upmove from 16747 to 18887.
Post that NIfty then tried to move up but faced resistance at 18200 and has slid back below the level of 18000 but ended the day...
Nifty will be flat opening in today's session. After opening nifty sustain above 18000 level and then possible upside rally up to 18080+ in today's session. in case nifty trades below the 17970 level then the Short target can go up to the 17890 level.
Well once again, yesterday was a day full of volatility in the Market.
Where on the one hand, we had witnessed an effective bear momentum in the first half. On the other hand, the second half came with a sharp recovery.
However, unfortunately we had ultimately witnessed a closing of below 18000 in Nifty, yesterday.
Nevertheless, we have been stating from...
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Nifty-06/01/2023-Levels
IMPORTENT ZONE FOR THE DAY : 18032 - 18041
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 H_R and SELL with the Rejection of H_R.
(or)
If market open as a FLAT and...
Nifty has closed near the crucial level of 18k and has tested 17900 level today.
Market remained in a bearish mode and formed a beautiful lower high lower low pattern.
On the hourly time frame, the market couldn't cross the 20 ema and traded below the moving averages.
The market has respected the 20 ema, 15 minute charts, and took rejection from it. In the...
The FASP for Nifty is listed for 06-1-2023. 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
Trade Setup for 06-01-2023
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 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...
Resistance level:18054.40
Support level : 17942.80
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles...
Nifty will be gap up opening in today's session. After opening nifty sustain above 18150 level and then possible upside rally up to 18250+ in today's session. in case nifty trades below the 18100 level then the Short target can go up to the 18000 level.
The global market indicates a positive start. market nature is bearish. market may start with a little bit gap-up. After that, if the market breaks the previous day's low, then we will expect correction continuation. On the other hand, if the gap-up sustain, then we will expect a minimum of 61 to 78% pullback wave.
A nice trending market was there. Nifty has closed 190 lower and the volume of today are higher.
The market can consolidate in the first half and move in the second half.
If the markets start trading below 18k levels and sustain below the level, it can test the recent low of 17800.
There is a bearish moving averages cross over, on 15 minutes and a rejection of...
Once again we got to witness a crucial selling pressure in several sectors of the Market, yesterday.
While we have been continuously stating that Nifty is currently somehow confused between the levels of 17800 and 18400.
So, in the state of this consolidation, we are still with our words, i.e., to continue rebalancing and rechecking your portfolio along with...
Resistance level:18132.35
Support level : 17951.80
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles...
Nifty broke from its bearish wedge pattern and gave a big downmove today. At the moment it has closed today at the 61.8% retracement of current SH 18473 and SL 17774.
If Nifty opens flat tomorrow there is potential support at 17960-18010 which has held up multiple times. So any break below in the second half of the day and since it is an expiry tomorrow the move...
![NIFTY: Simple Trade Setup | NIFTY | 06-01-2023 [INTRADAY]](https://s3.tradingview.com/p/pwmEdL1P_mid.png "Simple Trade Setup | NIFTY | 06-01-2023 [INTRADAY]")
