Nifty 50 setup for tomorrow (04 Feb 22)if the nifty value go upwards , the value might reach 17811
if the nifty value go downward , the value might reach 17313
Niftytrendanalysis
Nifty Fibonacci Retr Nifty dipped below 0.50 fib level and closed above it. 17600 - 17500 is a possible zone where current bearish move could end and we can see reversal, if price doesn't crosses below 17400 then we can expect a reversal which may take Nifty to 18300 and above. Setup will be invalidated if prices crosses below 17400. Support currently is now at 17600 & 17400 while on the upside resistance is at 17770 - 18000 - 18300.
Nifty 50 view for next weekNifty formed a doji on daily time frame.
It is near a support of 17600-10.
On hourly chart
Support - 17350 and 17250
Resistance - 17767 and 17900-20
Wait for the levels to be sustained on either side.
Nifty AnalysisNifty Broke out from descending trend channel signaling bullish momentum ahead, now untill Nifty remains above this channel then it can go till 17600 which can be a resistance while 17200 is a possible support zone.
triangle pattern | nifty NSE:NIFTY forming triangle pattern
wait for pattern breakdown/ breakout
if it breaks down side, here
triangle pattern at top of nifty from here we can also expect a down side correction or may be trend reversal
Nifty Trade Plan for 13 JAN 2022Nifty Trade Plan for 13 JAN 2022
Nifty bullish streak is still on, expect a gap up opening around 18350 levels.
Open opening if 18345 sustains, we will go for long with a small SL below the zone what is marked.
I will look for shorting opportunity if i find any rejection at the above zone and we can expect Nifty to test out 17200 zone again.
Nifty Trade setup for 12 JAN 2022Nifty Trade setup for 12 JAN 2022
Global markets looks bullish and Nifty expected to gap up around 18200 levels.
18200 zone is a strong resistance, if it sustains and manages to find support above 18210 the we can expect a possible up move to next targets.
In case of resistance confirmed around 18200 we can possible short and expect Nifty to test 18k again.
Nifty Trade Plan for 11 JAN 2022Nifty Trade Plan for 11 JAN 2022
Expecting a flat opening in Nifty.
18000 looks to be strong resistance and Nifty with a wider CPR expecting a possible range bound market.
If 18k is taken out we can expect some long position.
Inn case if CPR is taken out we can expect 17900 to tested again.
Any good support getting confirmed around 17900 we can look for possibly buy again.
Nifty AnalysisNifty might retrace or consolidate in these Fibb Levels. Support & Resistance can be seen on charts, if Nifty breaks the recent high than we can expect 18200 while according to price action support is at 17600.
Nifty Trade Plan for 06 JAN 2022Nifty Trade Plan for 06 JAN 2022
Global markets showing some bearishness and Nifty is at resistance.
Expect Nifty to open gap down around 17870, which is also our bullish reversal zone. Need to wait for the price action around these and take entries.
Expect Nifty to trade in a range today, so 18000 - 17800 strangles would be ideal as per my view.
As Per Open Interest
Resistance - 18000
Support - 17800
Nifty Trade Plan for 04 JAN 2022Nifty Trade Plan for 04 JAN 2022
After a good rally can expect some profit booking today.
Expecting a flat to small gap up opening.
Expected Range:
Downside - 17500
Upside - 17900
Very wide CPR, can expect to be in a range. Any pull back to Bullish Reversal zone(17550) is a buying opportunity in Nifty and expect above targets.
On opening if 17680 taken out and sustains, we can expect above targets with yesterday's closing price as SL.
Nifty AnalysisNifty is trading in falling channel and cuurently price is quoting near resistance line of the channel indicating decline in index till 17000-16900, However if Nifty manages to break the Channel then it can face resistance near 17600 price zone. Red box zone can provide Nifty a support level if that breaks then it can go till 16400.
Nifty Trade Setup for 29 DEC 2021Nifty Trade Setup for 29 DEC 2021
Nifty likely to open with a small gap down.
If you get a chance and find the PDH getting rejected on opening or CPR taken on the lower side we can possibly expect Nifty to test lower targets and possibly close yesterday gap.
Going long only if PDH is taken on the upside or once the yesterday gap is filled.
Nifty Trade Plan for 28 DEC 2021Nifty Trade Plan for 28 DEC 2021.
Expecting a gap up opening in Nifty around 17180, Need to watch out the price action on opening few candles could sustain above 17188, then we can possibly expect 17250 targets.
Any rejection from R1 levels , we can expect Nifty to retest the previous closing price around 17086.
Since CPR being very wide, can nifty to trade in a range.
Nifty Trade Plan for 27 DEC 2021Nifty Trade Plan for 27 DEC 2021
Nifty expected to open flat to small gap down.
Descending CPR in Nifty, bearishly biased.
Any rejection from CPR is a shorting opportunity today.
If PDL & S1 is compromised we can expect Target 2 getting tested on lower side.
I would look for possible long opportunity only when 17075 is taken on upside and sustains.
Nifty Trade Plan for 17 DEC 2021Nifty Trade Plan for 17 DEC 2021
Expect Nifty to open flat to small gap up.
Any resistance forming around Bearish Reversal zone 17301 or CPR break down is a selling opportunity for the targets of 17200 & then 17100 below.
Nifty Trade Setup for 16 DEC 2021This is 1 HR chart of Nifty with weekly pivots. Weekly BC was giving good support for last 2 trading sessions and bouncing back from the same level. Now 17350 is key level to watch out if taken we can expect 17400 & 17500 levels.
In case of a gap up opening, these zones are where i will look for possible trade opportunity.
Nifty Trade Plan for 15 DEC 2021Nifty Trade Plan for 15 DEC 2021
Expected market to open flat.
Marked out the Support & Resistance zones for today trade. Initiate trades based on the price action around these zones.
Will update more in live market.
Nifty Trade Plan for 13 DEC 2021Nifty Trade Plan for 13 DEC 2021
Expecting a gap up opening Nifty.
In case Nifty opens above 17600 levels and if you get a chance to test R1 or Bullish Breakout zone of 17582 at opening and confirms a support,
then we can expect upper resistance targets 17670 & above.
In case 17680 taken out and sustains then we can expect 17820.
Any resistance from Breakout T1 & T2 at opening we can look for possible shorting opportunity and expect Nifty to test R1 & may be PDH.
Nifty 50On the weekly chart, Nifty has been traveling in an ascending parallel channel and this time round it has touched the bottom of this channel and is moving upwards, as you can see in the chart whenever it has touched and turned away from the bottom it has traveled atleast towards the midline, in today's position the midline value comes out to be 18436.60 Besides that weekly RSI 14 is 57.78 and is moving upwards, MACD even though it is showing bearish, it is above the zero line
Nifty Trade Plan for 08 DEC 2021Expecting a gap up opening in Nifty.
In case Bullish Breakout is taken out on upside we can expect 17500.
Any pull back is a buying opportunity.
If you get nifty around Bearish Reversal zone or R1 and support confirmed we can go long.
Being RBI event , can expect good volatility hence trade safe.
