Niftytrendanalysis
Negative Divergence in Nifty Daily on 13th Sept HighNifty Daily creates a negative divergence on 13th Sept, where price attains a HH without RSI follows it (see the brown circles in price/RSI).
Per common wisdom, negative divergence needs to correct below the previous swing low (29th Aug @ ~17200) to correct the divergence.
Now how far?
Well the next Fib support is at golden ratio ~17000.
Just empirical - whatever eyes see in chart.
Nifty is LONG as long as it's not breaking 15700 More than 1 year chart is showing that, Nifty is about to go to 16600 from here..
Excellent Risk/Reward ratio.. Please check the chart for other details.
Note: Please be cautious and see how market is moving tomorrow, if 15700 breaks, then this view is invalid.
NIFTY FUTURES 01 JULY 2022Nifty on Friday 29th July 2022, Gapped up and stuck into my zone, consolidated for the whole day and then gave a good break out from the zone. That's the power of Zones.
Kindly trade only from my zones and levels to get proper entries and stop losses. We have got many Supply zones above, hence if Nifty goes up, it will have a slow momentum as compared to last week. Kindly note the same.
Nifty Trade Setup for 26 JULY 2022Nifty Trade Setup for 26 JULY 2022
Nifty looks to be bearishly aligned for the day & can expect some good volatility today.
Nifty is expected to open within yesterday range and will be looking for any sell opportunity if any triggers gets confirmed at the sell Zones.
In case if S1 support holds good & any buy triggers is confirmed we can possibly go long and expected Nifty to again be in a range and can test upper targets as marked.
In case of S1 break out we can expect lower Buy zones to be tested out.
NIFTY FUTURES 26 JULY 2022NIFTY TODAY 25-07-22
Did you see the magic of level 16619, it touched the level 9 times, out of which 7 times it couldn't break it. Finally it ended exactly on that level.
Did not touch even a single zone, hence no price action around it.
NIFTY TOMORROW 26-07-22
I still expect correction in this week. Kindly trade around the levels and zones only.
Nifty Trade Setup for 25 JULY 2022Nifty Trade Setup for 25 JULY 2022
Nifty Expected to open with in previous session range with a gap down around Bearish Break out Zone/S1.
If S1 is compromised we can anticipate Nifty to Test out T1/ T2 levels.
Any support at S1 we can anticipate Nifty to trade in a range and might test the CPR.
Any reversal from CPR we can anticipate Nifty to test the S1 & may be even lower levels.
If CPR is taken on upside we can anticipate PDH.
Nifty Trade Plan for 22 AUG 2022Nifty Trade Plan for 22 AUG 2022
Nifty is bullishly biased for the day with a solid bullish closing and managed to close above key resistance level of 16600.
Expecting a gap up opening in Nifty around R1 resistance levels.
If R1/Bullish Break Out is taken on opening 15-30 min we can possibly expect T1/T2 Targets today.
In case if R1/Bullish Breakout is not taken out on opening then we can possibly expect Nifty to be retest Bullish Reversal Zone and then bounce back on upside.
Any compromised of CPR we can possibly expect S1 and then PDL.
NIFTY FUTURES 21 JULY 2022Nifty today started from my zone 16510-16494 and ended at the same zone.
Power of Zones and Levels
Tomottow i am expecting a corrective move, but global markets are positive by now, lets see how it plays out.
Even if its a profit booking corrective move tomorrow, uptrend has not yet completed, kindly note it..
Nifty Trade Plan for 21 JULY 2022 - Expiry day Nifty Trade Plan for 21 JULY 2022 - Expiry day
After a gap up opening in Nifty found some selling pressure at the close.
Key support level to watch out is 16500 level for next trading session.
Even though the CPR is bullishly aligned for the next trading session the closing sentiment is weak.
Tomorrow if Nifty opens flat to small gap down, then CPR & Bearish reversal should act as a strong resistance, In case if PDL & S1 is getting compromised we can expect the Previous day gap to be filled.
In case if Nifty opens with in yesterday range & sustains above CPR then we can expect Nifty to again test out PDH & be in a range bound.
Nifty Trade Setup for 19 JULY 2022Nifty Trade Setup for 19 JULY 2022
Nifty expected to have a gap down opening around S1 Support levels.
Any rejection from S1 support levels we can anticipate Nifty to test out PDL & then may be Virgin CPR levels of yesterday.
In case if S1 support holds good then we can anticipate Nifty to be in a range and might test again PDH.
Also do watch out the linked video.
NIFTY FUTURES 15 JULY 2022NIFTY TODAY 14-07-22
NIFTY blindly followed my Zones, started from Zone 15962-15992, took U turn near 16085-16107, dropped down to 15876-15918, got strong support and ended near upper range of the zone.
Also not that it has bounced from the lower end of the uptrending channel which was just below the zone 15876-15918.
NIFTY TOMORROW 15-07-22
Expecting a up move to zone 15970, followed by a down move for tommorow.
You are continuously witnessing the power of my zones and levels.
I dont belive in prediction but reaction to the zones and leves.