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Niftytrendanalysis

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.
NSE:NIFTY
by RaviChandran_Rajkumar
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.
NSE:NIFTY
by RaviChandran_Rajkumar
1
NIFTY HIGH PROBABILITY LONG Today the Indian markets showed very good bullish momentum but it faded towards the end of the session due to mixed global cues and the market formed a symmetric triangle by the end of the session . If the market opens gap up tomorrow then nifty has to face a very crucial resistance at 17772 . If nifty manages to cross this level then we can see good bullish momentum in the market . I had given the same levels for the previous expiry but our trade did not get activated as nifty could not even touch the resistance . T2 is a very important resistance as well so we need to stay cautious near T2 . Targets can also be booked near T2 if nifty shows weakness near it . There is no fixed time for when the trade will get activated but I will be updating it on this post . ENTRY: 17772 (15 MIN CANDLE CLOSING) T1: 17822 (EASY TARGET) T2: 17883 (PREFERRED EXIT) T3: 17940 (IF MARKET SUSTAINS ABOVE T2)
NSE:NIFTYLong
by Ankitkamble252
Nifty Trade Plan for 05 OCT 2021Nifty Trade Plan for 05 OCT 2021 Nifty likely to open gap down. The immediate support for Nifty is around 17543, if that is compromised there is a very good support around 17506 levels. Any support around these we can expect Nifty to again bounce back. In case if this support is compromised we can expect Nifty to again test 17440 and lower levels. In case if Nifty sustains above 17500 then we can expect Nifty to again test out 17600 & 17700 levels.
NSE:NIFTY
by RaviChandran_Rajkumar
2
Nifty Trade Plan for 04 OCT 2021Nifty Trade Plan for 04 OCT 2021 Nifty traded in a very narrow range in the last session and managed to close above crucial support of 17500 levels. Nifty likely to open flat today to small gap up. 17500 is a strong support for Nifty & any support confirmation on opening we can expect Nifty to again go for retest for Previous session high & if 17560 taken on upside we can expect Bullish Breakout & possible higher targets are marked on chart. Asian markets on opening today showing some weakness. So expecting Nifty to be again range and if CPR gets compromised we can expect Nifty to again test Previous session low & possible Target 1 & Target 2 & extended target of 17300 levels.
NSE:NIFTY
by RaviChandran_Rajkumar
1
Nifty Trade Plan for 29 Sep 2021Expect Nifty to open gap down. Global weakness witnessed in the last trading session and expecting nifty to open gap down. On opening we can expect possible support around 17650 levels, if that is compromised we can expect Bearish Breakout zone 17564 to the tested. If break out confirmed then we can expect Target 1 & Target 2 to be tested. Even that is compromised then extended target of 17300 likely to be tested. Very Narrow CPR and India VIX on high , expect some good volatile market and trade safe.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Expiry day Trade Plan for 23 Sep 2021Nifty expected to open gap up. Being narrow cpr we can expect some good moves today. The first resistance to watch out would be 17660 levels, if that is taken out on the upside we can expect higher targets. Any resistance around these we can expect to test Bullish breakout zones. Today being expiry we can expect moves on either side. If Bullish Break Out zone of 17594 getting compromised the we can expect Nifty to be back in range and might test yesterday lows.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Trade Setup for 22 Sep 2021Nifty recovered well after testing the previous demand zone and managed to close above the next day CPR levels. In case nifty opens flat and tests the CPR, the bullish Reversal zone of 17493 should act as a good support and can again test the previous day close and if that is taken out we can again expect to test 17631 & higher levels. Any rejection around 17631 again , we can again expect Nifty to be in yesterday's range and can test the Bearish Break out zone of 17423 & lower.
NSE:NIFTY
by RaviChandran_Rajkumar
NIFTY SHORT IDEA. PRICE ACTION ANALYSISNifty has bounced off from the above supply turned demand zone and then closed below this zone. As observed, the price took a stop at 3.618 retracement of ABCD pattern. But looking at the DJI index, nifty is likely to open with a gap down. Here, 17400,17300, and 17200 have a good OI on the put side, meaning they are good supports. This has to be interpreted in the right way. 1) For the 17400 put writers exit, there will be a bounce if the market opens with a gap down. 2)If the price breaks the 17300 level, long unwinding could take the price near the demand zone but shall have already broken the trendline. 3) There will be an exit way for 17300 put writers as well. The price may bounce from the demand zone for their exit. 4) After breaking this zone, the price may come to test the 17200 level which is also has a huge OI on the put side. The fall could be up to 17120 if this level is broken. 5) As the volatility is high, expect the market to move violently. But get the swings right for good profits and be patient for the right entries. All the other data is mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:NIFTYShort
by Sanjan91
Nifty Trade Plan for 21 Sep 2021Nifty likely to open flat to small gap up. Nifty closed on bearish note and the global parameters still showing some selling pressure. Nifty is at decent support and CPR should act as a strong resistance for Nifty. watch out for 17468 as a good resistance and any resistance confirmed around these is again a selling opportunity in nifty today. In case of Bullish Reversal zone of 17325 compromised we can expect possible 17250 levels and lower.
NSE:NIFTY
by RaviChandran_Rajkumar
2
Bullish Nifty Analysis, Road to 17600 or a ReversalAfter breaking 15900 level Nifty has been making new lifetime high almost every week or day. To be honest I haven't expected Nifty to rally 1400 points within a month. What now? After a fantastic 1400 point rally we can expect a retracment or correction. But there is a possibility of Nifty touching 176000 if Nifty gives breakout above 17460-17480. This Analysis is based on Nifty's price movement behavior. A possible reversal up to 17000 is expected as per price action. And if you draw Fibonacci level from the last bottom of Nifty which is 15500 to present top 17440 then you will see 17000 level is showing as 23% retracement zone. Let me know your thought in the comment section. Thank you
NSE:NIFTY
by TheNoobDayTrader
4
Nifty Trade Plan for 09 Sep 2021Expecting a flat opening in case of Nifty. Nifty recovered well after testing that 11250 levels on closing and managed to close above next day CPR. Today's CPR should act as a good support on flat opening and 17390 & 17430 should act as a strong resistance on upside. In case if 17430 taken on upside we can again see Nifty rallying on the upside. In case if CPR low of 17318 compromised early during the day and also Previous day low compromised then we can expect possible lower Target 1 & Target 2 & Ex-Targets as identified by the indicator.
NSE:NIFTY
by RaviChandran_Rajkumar