Market is in Bearish mode....
Note: 15 min rule have to follow. Before any position please watch-out Volume & OI.
Codition 1: Gap Down opening
If 16135 taken out & sustain then definetely will see 16024 ....
Condition 2: Sideways open
For long small qty prefer until Gap filled (16423).
For downside we can take based on Money mgmt rule.
Gap down opening in nifty. Expected opening near 16250 level. After opening if it's starts trading below 16200 level then possible further downside upto 16000 level. Upside 16400 level will act as a resistance for today's session.
Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively. Can be used lower...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. This is follow-up on Nifty. Can check link to related ideas.
Tried to show Nifty's big picture in simple way. Good think about Nifty is that it respects support and resistance. It is now near it's sub support of 17499.
Disclaimer: This is for demonstration and educational purpose...
Everyone is confused, Dont you ?
Let me clear your doubt.
No need to worry now we will see upside move sooner.
I have heard people they are taking about market can go upto 15500 but let me tell you clearly it will not...
Check my levels & do remember Price Action | Volume & Open Interest always.
Bull will be active after 17000 only so any buy position manage it...
Nifty will open gap in today's session. Expected opening near 17100 level. After opening if it's starts trading above this level then possible upside rally upto 17220+ level. Any major downside only possible below 17050 level in today's session.
Good Evening, today we have got no change as compared to yesterdays charts, hence the levels are ditto and i have not posted indivudual charts today as u can refer the individual charts which i posted yesterday for reference.
Nifty has closed in green on daily time frame and has formed an inside candle too.
There is a bearish moving averages divergence and markets can remain in a narrow range.
The market faced a good resistance from its 20 ema on hourly time frame. And traded around its 20 ema on 15 minute chart.
Support:- 15830, 15745
Resistance :- 15895, 16080
Markets are still...
For flat Opening
🟢 Buy CE, if price closes above 15980
👉 Target will be 16200
🔴 Buy PE, if price closes below 15730
👉 Target will be 15520
For Gap-Up Strategy (Above 15980)
🟢 Buy CE, Near 16170
👉 Target will be 16200
🔴 Buy PE, if price closes below 15840
👉 Target will be 15740
For Gap-Down Strategy
🟢 Avoid CE
🔴 Buy PE, near 15740
What I said last week was that the market should now ideally go for retracement. This did not happen though, as the market continued with incredible downtrend momentum for the whole week. Now the following is my analysis for coming week based on what I am looking at
Nifty is very near key support level of 15400 to 15600. I do not expect market to break this band...
Trade Setup for 13-05-2022
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...