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Niftytrend

NIFTY INDEX TREND SETUP NIFTY INDEX TREND SETUP -NIFTY WITNESS ONE OF THE WILDEST SWING THIS WEEK -THE CRUCIAL PART THAT I AM EXPLAINING EVERONE IS THAT 9950 WAS NOT BREACH ON A WEEKLY CHART AS WELL ON DAILY -THE SHORT COVERING RALLY IN THE INDEX PROVED TO BE VERY VITAL -THIS INDICATES THE STRENGTH IN BUY ON DIPS MARKET -20 AND 50 EMA WERE TESTED GAPS WERE CLOSED AND THE PRICES MOVED ON -WHAT IT CONFIRMED ON A DAILY CHART IS A "FALSE BREAKOUT DOWN" -200-EMA IS FALLING -INDEX IS STALLING -NIFTY CAN KEEP CRAWLING TOWARDS 10440(61.8%) ZONE NIFTY TRADE SCENARIO -WHENEVER THERE IS A FALSE BREAKOUT WE EXPECT FIRST THE OPPOSITE BOUND TO BE TESTED (10330) -"BULLISH MARABUZO" CANDLESTICK PATTERN VISIBLE -NIFTY HOLDS ON TO ITS SUPPORT OF 9950 -I KNOW SGX IS INDICATINGA NEGATIVE START BUT STILL NOT BROKENDOWN I EXPECT MARKET TO RECOVER ON MONDAY -CRUCIAL TO REGAIN 10030 WHICH IS ALSO ONE OF MY CRUCIAL SUPPORT LEVEL AS WELL AS 100-EMA ZONE -NEXT LEVELS TO BE TESTED 10130 10165 10220 10275 10330 -ON THE DOWNSIDE 9880 9830 9750 -WILL ALL ACT AS SUPPORT FOR THE MARKET "WHAT IS CONFIRMED IS A VISIBLE RISING WEDGE PATTERN FOR NOW" "INITALLY I THOUGHT IT MIGHT BE A BULLISH CHANNEL" (CHECK PREVIOUS CHARTS) "BUY ON DIPS" RECOMMENDED "MY VIEW IS CLEAR WE CAN BREAK OR TEST 10330"
NSE:NIFTYEducation
by manavtechresearch
21
Nifty Intraday Trading Zones Nifty is facing a major resistance near its major supply zone @ 9850-10000. I am calling this zone as a major supply zone because on the higher time frame (weekly and monthly) this same zone will act as a major resistance (Shared Weekly and Monthly charts in the previous post). On the downside the is a minor demand zone @ 9500-9580 then 9300-9420 and short turm major demand zone @ 8970-9000. According to the options data, there is the highest OI in call plus Max call OI chg% @ 10000. There is the highest OI in put @ 9500. One interesting thing in data that max chg% in put OI @ 9700. SGX nifty closed -640 point. Now as a trader my mindset is neither negative nor positive. I don't know where nifty will go. I have prepared my all-time frem charts and setup my trading plan. Now on Monday, I will act according to the trend. As per my trade plan upside is caped and I am not expecting next week's expery above 10000. Also according to the data If Nifty will sustain below 9500 then Put writers may come to close their position from 9700 and 9500 stricks. On Monday I will take a short position in OTM call writing. I will decide on the strick price once the market will open. I will take a short position in FUT only if it will be the downside trading day and risk to reword will in favor of my trade. I will update my trades in this post. If u follow this post you will the notification.
NSE:NIFTYEducation
by Swapilchoksi
10
Nifty closed in the Supply Zone.Which will be the next Zone ? Nifty closed in the supply zone of 9490-9580. On the downside demand zone @ 9230-9250. Today as I have mentioned in the telgram group that I am not expecting nifty closing below 9490. The reason is: 9490-9580 is a supply zone on a daily chart and 9490-9735 is a supply zone on a weekly chart. So 9490 is a very crucial level in a higher time frame. I am expecting a weekly candle close in 9490-9735. If Nifty will manage to sustain above 9500 then it may face 1st resistance @ 9580. Once It will sustain above this level than on the hourly and daily chart next major supply zone @ 9990-10090 but it will face one more resistance @ 9735 range which is an upper level of supply zone on the weekly chart. From the last few days I was in favor of taking a position in option writing instead of FUT because Nifty strength was missing and I was not able to find decent technical stop loss (not logical stop loss). But today I have seen good strength in Nifty so I may trade in FUT instead of Option writing.
NSE:NIFTYEducation
by Swapilchoksi
Pre-Market Routine - NIFTY - Demand and Supply Zone Last week's short term intraday strong demand zone was @ 8650-8850. Now it is shifted to 8850-9100. On the upper side 9360-9500 is a supply zone and 9675-9820 is a major supply zone on a short term time frame. According to the option OI data max call writes are @ 9500 and max ut writers @ 9000. According to the data and supply and demand zone 8850-9100 is a strong support zone and I am not expecting this week to expiry below 9000. I believe that there are major supply zones on a higher time frame and Nifty may face some difficulty to sustain above that level and may not get a follow-through in intraday trade. So I will go with OTM option writing instead of Fut buying.
NSE:BANKNIFTYEducation
by Swapilchoksi
3
Nifty - structure of market - Intraday - WyckoffOm Namah Shivay Brothers, I was studying and preparing the nifty structure last week. and kept it wondering what will be the next possibility, to go down ? And if there is good news, in between go down means, gap down. If we check now, it is at the resistance point, if it moves above it, then next trend line will be the target. Brothers, Structure of market is very important to understand the market. Question : 'Om' means I am Soul. Do I have a home ? Or I am here always taking bodies after … Ans: I the soul have a home, which is called ParamDham - The soul world. What I do there ? and many other questions. Do I (the soul) have parent ? Ans : Yes I do have, he is called Supreme Soul, Param Pita. And his name is 'Shiva'. My father is very beautiful. Even his thoughts are beautiful. Om Namah Shivay
NSE:NIFTYEducation
by sudhannayak
NIFTY: Intraday Demand and Supply ZonesYesterday Nifty closed above its very short term major supply zone @ 8000-8100. On the upper side next demand zone @ 8250-8330. Once it sustains above this zone it may test it’s next very short term major supply zone @ 8520-8660. It’s not easy to sustain above this zone. In any case, if it will manage to sustain then it may test its next supply zone @ 8880-9000. The nifty small trading range will be 8000-8100 to 8520-8660 and the big trading range will be 8000-8100 to 8880-9000.
NSE:NIFTYEducation
by Swapilchoksi
Can we Say that Nifty Has Bottomed out ?NSENG:NSE50 Just a Thought: Not for Trading Purpose NIfty has been free-falling all Due to COVID 19 and the same for Gold, Commodities everything. Chart that Nifty has the following in Pre 2008 Level and Post Market Crash in respect to USD/INR. Similar kind of Trend can be Observed as marked inboxes. Levels are marked for reference purpose only Can we say that Market has Bottomed Out? Can we expect consolidation or Or Buying in Market? Feel free to comment, open to discuss in more detail.
NSE:NIFTYEducation
by UnknownUnicorn5445493
1
Nifty Intraday Supply and Demand Zones 9950-10200 level was important for Nifty, If it was managed to sustain above this zone then I have to change my trading plan according to that. But now it's confirmed that 9900-10200 is a major supply zone for Nifty. On Friday made a short position in NF @ 10050 and still holding. I am not interested to cover this position very early but I may book some profit @ 8750-8850 Zone. Still, my levels and are the same. Please see the chart for the same. Intraday view: I don't think so Nifty will easily sustain below 8750-8850 but in any case, if it will sustain then it may test 8530-8200. tgram a t swapniltradingroom
NSE:NIFTYEducation
by Swapilchoksi