I have uploaded the Nifty Elliott wave study, and it has reached the first target of 18164. The trader can trade pullbacks on the nifty. As per the rule of the channel, Parallel channel B can provide support to the price. After the pullback, If the price is not giving any reversal signal, it's better to stay beside the market. If the price tries to fill...
Nifty has continued growing in the corrective channels. It has filled two gaps and is currently on the third gap level. The third gap is providing support. Nifty has made a double bottom pattern on the gap level. And according to the gap theory, price gaps cause reversal. But if selling pressure exceeds buying pressure during the gap area, Trader can expect...
If nifty breaks 2nd target of 18314, we may see a good move above. It can take a U-turn from 2nd TP to parallel channel C support trendline.
Nifty is forming corrective wave 4 of wave ((5)) Nifty has made a high at 18604 and started falling due to conclude of wave 3. It has broken the base channel due to high selling pressure on Nifty. The following terms confirm the nifty pullback. A. The common Fibonacci retracement of wave 4 is 38.2%. Nifty has entered the 38.2% retracement level. It seems like...
Nifty was heaving correction in previous weeks. Now, It looks like it has completed corrective structure and marching upward. If you are following my daily outlooks, you can understand these charts easily. If the price is about to change the direction, It will make an initiative then confirm it. Nifty will confirm its bull trend by breaking wave B at 18350. In...
This week nifty may break 18350, and this level will increase high buying pressure. The above chart shows that nifty seems price is forming a leading diagonal. Moreover, wave 5 is the ending point of the leading diagonal. And completion of wave 'i' the wave 'ii' will take place. The wave 'ii' is corrective. So the day traders can initiate buy position there....
NIFTY Near Resistance If break and stays above 18200 we may see levels of 18600 again. At the downside support is around 18000-17900
1.Major Support - 17800, Lower trendline. Major Resistance - 18340. 2. Past trend - Major Trend is up. Multiple leg correction going on. Moving in channel with next major resistance as 18340 from where fall is expected. 3. Current Strength - In up. 4. Future trend - Upmove within channel to test 18340 from where fall to 17600. Trade setups - 1. SHORT - If...
Strictly follow the stoploss and dont take entry before the zones which I have told you in the video This is not a trade recommendation
Nifty will open slightly gap up. After opening if sustain above 17890 level then expected upto 18050+ upside rally. Further downside only possible if nifty not sustain above levels and starts trading below 17800 in today's session. Downside 17640 targets possible below 17800 level.
Banknifty is trading below 2 support levels 39400 & 38600 next support is at 38200 level if this breaks then price can go to 37700. While on the upside resistance is at 39400 and 39900. We will only see bullish momentum in Banknifty if crosses above 39900-40200 zone.
NSE:NIFTY ⏺ 4/1 Hourly - Nifty is making lower highs and lower lows. ⏺ 15/5 min - Constantly getting rejected from purple resistance ✅ Support - 17850, 17760 ❌ Resistance - 17960 📈 Trend? - Rangebound, but if lower support is broken, rally to that side is very much likely. (what this basically means is that you should avoid treading against the trend *whatever...
Understanding trends through support and resistances.
🛑 Shorting strikes purely based on india vix volatility index - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 18100 CE and Short 17700 PE 🛑 we can observe that market may be stays in between with the range of 18100-17700 , only When there's no Volatility . - if short both side / if we did...
🛑 NIFTY trading below 21DMA this will act as Resistance (18078), - 50 DMA will act as Support ,17775 level will be crucial to hold nifty -NIFTY weekly pivot point 17875.4 🛑 Key levels to watch out for intraday traders :- ◽ resistance is at 18000-18050 -with SL of 18000 - 18110 we can see as the target after breakout ◽ support level is at 17800-17775 -with...
Sentiment is Still Bearish Important level to watch is 17800 if break then major fall can be seen on the above side 17900 is Resistance and 18000 is Major Resistance. We will trade accordingly as per Price action :)
NIFTY will open gap down today. Expected opening near 17950 level. After opening important support for nifty is 17950 below this expected further fall upto 17830 level. Strong bullish rally possible if nifty starts trading above 18050 level.
NSE:NIFTY ⏺ 4/1 Hourly - Up move if channel break occurs. ⏺ 15/5 min - watch closely as it will be trading in a channel (18000-18055) ✅ Support - 17960, 17850 ❌ Resistance - 18090 (1,3,5) 📈 Trend? - Rangebound, but if support or resistance broken, rally to that side is very much likely. (what this basically means is that you should avoid treading against the...