NIFTY ROAD MAP 18620 TO 13967nifty road map 18620 to 13967
- nifty is forming a downfall range
- bottom tangent line is acting as a support
- 15905 is a good support area for nifty
currently market is heading towards 17777 area
-from 17777 area, after break of 16741 levels we can see levels of 15017
-then we can see again upmove of 16741
-from 16741 area market will head towards 13967 area
thanks
Niftytrendanalysis
Nifty Trade Setup for 16 MAR 2022Nifty found a support at PDL and bounced back during closing and managed to close on a bearish note below the next day CPR.
Looking at the global parameters at this point of time, nifty is expected to have a gap up opening around Previous day high.
Unless the PDH is sustained and support is confirmed going long is risky.
In case Nifty opens above R1 resistance tomorrow and R1 is compromised and resistance confirmed we can trade for short till CPR & previous day closing price.
Expect a volatile market as Dow Jones is on a raise and Chinese market has collapsed by almost 5%, so tomorrow trading will be interesting to watch out.
Nifty 50 setup today (15 Mar 22)Today Nifty values :
if the nifty value go upwards , the value might reach 16980
if the nifty value go downward , the value might reach 16730
Nifty Trade Setup for 15 MAR 2022Nifty Trade Setup for 15 MAR 2022
16800 is the key support to watch out. Break out of PDH & R1 we can expect higher targets as plotted.
INFO edge - agree or disagree ??hi ,
please watch info edge pattern , due to gloabal country war market down and this stock also touch and rebound crucial support but incase situation is horrible then stock break 4321 level and goes to 3800 .
just we expect only but things not happen like we thought .
what is your opinion ?
Nifty price action storyNifty is on sideways trend-
Theory to proof.
1.19Oct-2021 price created new higher high.
2.After that price start falling from new higher high.
3.During fall price created weekly supply zone.
4.On monthly time frame we can not say price created monthly supply zone.
Reason- we have only single leg-out candle on monthly frame without any follow-up.
5.On wards 20 dec weekly candle onwards price again travel towards to weekly supply zone.
6. and 17 Jan weekly candle start respecting supply zone.
conclusion - One weekly demand & one supply zone is respected.
Nifty 50 value today (08 Feb 22)if the nifty value go upwards , the value might reach 17437
if the nifty value go downward , the value might reach 17030
Nifty 50 Value Today (07 Feb 22)Time to time update
if the nifty value go upwards , the value might reach 17460
if the nifty value go downward , the value might reach 17139
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
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.
