Nifty Retesting it's Breakout level 16700 would be crucial level for Nifty. It is the level from where Nifty made almost 2000 points upside rally and again 2000 points downside rally to retest it. If Nifty sustain above 16700 then we can expect an upside move from here.
This is a general Analysis based on levels and my personal understandings. Please do your own research and analysis before taking any investing related decision. Thank you.
I have added my previous post as reference.
Niftytrendanalysis
NIfty Alert was given yesterday, Trade for 29 Nov 21The adjusted closing of NIfty at 17025,
H&S Neck line already broken, A fresh channel break down happened, FII watching the drama, Covid playing in the globe, Be careful.
Trade,
If Nifty start trading below 17000,
Short Nifty ,
Tgt 16850, 16700 & positional 16350
SL is very deep.
17620
Nifty Trade Plan for 18 NOV 2021Nifty Trade Plan for 18 NOV 2021
Expecting Nifty to open flat to small gap down today.
Nifty had taken good support at previous virgin CPR levels,if that is compromised we can expect Nifty to test out 17800 levels once and find reversals from there.
In case if we find some support around 17800-17840 levels we can expect Nifty to again test out CPR levels so we can have a long opportunity.
In case of CPR taken on the upside, yesterday CPR will act as a resistance.
Expecting Nifty to be in a range bound today being expiry.
Nifty Daily AnalysisNifty broke 18000 yesterday and continued trading below it indicating further weakness in price, it also broke a rising channel pattern giving bearish bias now. Until it trades below 18k we can see 17800 level soon which can be a "support" and after that next support is at 17600. Looking at the upside we still see 18000 as a barrier.
Nifty Trade Setup for 17 NOV 2021Nifty Trade Setup for 17 NOV 2021
Nifty looking weaker by closing below next day CPR levels in yesterday session.
Expecting a flat to small gap down opening.
If previous day low is compromised then the first support is around the bearish Breakout zone of 17900 and then if that is taken out we can expect 17800 to be tested.
To go long today only if CPR is taken out on the upside then we can expect Bullish Breakout zone of 18100 to be tested.
Nifty Daily AnalysisNifty has managed to close above 18000 level for consecutive 2 days showing bullish bias. Untill price stays above 18000 range we are not opening fresh short positions, new long trades can be created at this point with SL below 18000. If index manages to stay above 18000 then we can see 18300 that will be a resistance for Nifty, while support is at 18000 and 17800.
Nifty Trade Plan for 15 NOV 2021Nifty Trade Plan for 15 NOV 2021
Nifty made beautiful reversal from the monthly pivot in the previous trading session and gave us a good long opportunity and managed to close above the 18100 levels.
Nifty has formed a wider CPR on intraday time frame and hoping to be in a range today.
In case Nifty opening gap up, we have resistance around 18162-18185 levels.
If resistance is confirmed around these zones after opening we can go for possible shorting opportunity and we can expect Nifty to previous day closing of 18102.
In case Nifty opens flat and previous session high is taken out on upside with support confirmation we can expect Nifty to test 18180 levels.
On the higher side 18222 is strong resistance from Virgin CPR .
In case if Nifty opens flat and test CPR and bounces back again above 18043 then we can again go long with target of Previous day high.
Nifty Futures Key levels and Targets 9th Nov 2021Nifty Futures Key levels and Targets 9th Nov 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Trade Setup for 09 Nov 2021Nifty Trade Setup for 09 Nov 2021
Nifty gave a beautiful rally taking support from previous virgin CPR and looking strong.
In case if Nifty opens flat or gap up then any pull back to today closing price or Bullish Reversal zone of 18000 or 17970 is a buying opportunity and we can expect Nifty to test our first target of 18140 & if 18160 resistance is taken out we can expect 18230 & 18300 levels.
Unless the previous CPR is not compromised its not safe to go short in Nifty.
Nifty Analysis for 2nd NovNSE:NIFTY
⏺ 4/1 Hourly - High possibility of breaking 1st resistance and then reversing.
⏺ 15/5 min - Taken support on 17900. This should help in breaking second resistance of 17980.
✅ Support - 17900
❌ Resistance - 17980, 18090
📈 Trend? - Very hard to tell. I would wait till either 1st resistance or bottom support to break.
↕ Market movement - 250-300 pt
❗❗ Watch out for :
--> At the opening, most likely market will be in continuation of uptrend. And it will also break 17980 resistance level. But after that it's very likely that the uptrend will convert into downtrend if buyers are weak.
-->Even if you want to ride till second resistance, I would strongly suggest to wait for retracement on the 1st resistance of 17980 after it's broken.
--> Respect the yellow support. If it is broken, go short blindly. DO NOT short anywhere above it.
--> In case of gap up, wait & watch.
--> in the slight possibility of gap down, 17900 support becomes resistance, trade accordingly.
Nifty Trade Plan for 02 NOV 2021Nifty Trade Plan for 02 NOV 2021
Expect a possible gap up opening in Nifty.
18030 is the first resistance to watch out and then 18071 is the Breakout zone for Nifty if that is taken out then we can expect 18200 levels to be tested.
In case of gap up opening and retest to 18000 or to yesterday's closing price is again a buying opportunity.
17860 is a strong support for Nifty on the lower side where we can expect a reversal.
Nifty Nov FUT Levels for 01/11/21Nifty Nov Fut is Trading short term in Falling wedges Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Nifty Nov FUT Levels for 01/11/21
Buy above 17840
TGTS 17872/17910/18050/18090/18120 MaxUp(18200-18400)
Sell Below 17790
TGTS 17765/17740/17650/17600/17550
MaxDn(17450-17300)
Nifty Trade Plan for 01 NOV 2021Nifty Trade Plan for 01 NOV 2021
Nifty likely to have a small gap up opening.
The first Key resistance to watch out is 17755, it that support holds good we can expect to retest 17858.
If 17858 is taken on upside we can expect possible retest of Previous Virgin CPR levels of 17940 levels.
On the lower side, in case if 17588 is compromised then we can possibly look for shorting opportunity with first
target being 17505 and then if that is compromised then we can expect lower targets as marked on charts.
Nifty Trade Plan for 27 OCT 2021Nifty looks bullish closing above the next day CPR levels.
Expecting a small gap up opening in Nifty.
Any pull back to CPR - 18200 support would be good opportunity to go long and sit for targets of 28330, 18385 and if that is taken out we can expect higher targets as identified on charts.
In case of gap up, if Bullish Breakout 18385 is compromised on upside we can expect 18500 targets too.
Nifty Trade Setup for 13 OCT 2021Nifty Trade Setup for 13 OCT 2021
Expecting a gap up opening in case of Nifty.
The first resistance to watch is the Previous session high. If that is taken out on upside then we can expect Nifty to make fresh high.
Any resistance from Bearish Reversal zone we can expect CPR to be tested out.
Bullish Reversal zone of 17952 is a strong support.
Nifty Trade Plan for 12 OCT 2021Nifty Trade Plan for 12 OCT 2021
Nifty showed some good profit booking on closing. CPR should act as a good support to good long.
If CPR acts a good resistance we can possibly short and expect Nifty to test Bearish Breakout zone 17834 levels.
In case if that is compromised we can expect the previous virgin CPR levels getting tested. (Target 1 & Target2)
Nifty Trade Setup for 07 OCT 2021Nifty Trade Setup for 07 OCT 2021
Nifty likely to have a gap up opening.
Nifty formed a descending wider CPR and expected opening will be around the CPR levels.
We have bearish reversal zone inside the CPR around 17720, if this resistance holds good nifty sustains below 17720 we can expect nifty test yesterday low and if that is compromised we can expect even 17500 levels.
In case of opening above CPR or CPR taken on upside and bullish breakout zone of 17795 is sustained then we can expect Nifty to test previous day high.