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Nifty Caution: Danger ahead - Nifty could be attempting the Line of Support for the 5th time - the 2-3-5 Rule suggests not to Buy when it comes to the Line of Support for the 5th time. - Would it break??? Target for the setup in case we see a breakdown is mentioned in the chart. SL if the line of resistance is taken out ( red trendline) This is not an intraday view but more of a directional view in due course. Note our positions in Nifty has been taken earlier. You can go through my previous Nifty views to understand that part. Also, this is all about probability and not a necessity it would happen. So do follow your risk management measures. Trade accordingly. It's your money. Take decisions responsibly. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
Nifty range bound but negativeNifty got failed too sustain above 18200, FII may not continued buying, I think todays positive consolidation happened because of local traders and investors, Tomorrow if Nifty break support of 18060, Short nifty, Tgt 17990, 17945, 17900 SL 18150 Long side trade can be initiate only if Nifty sustain above 18225, On 15 minutes timeline, MACD is in negative direction but, In Daily chart it is in direction of positive cross over, so, If sustain above 18265, there will be a strong bullish view.
NSE:NIFTY
by IndexxTrader
Nifty regaining strength ??Nifty closed in the middle of a 115 minutes channel, RSI showing good strength, MACD in negative mode, Conclusion, If opened above 18130, Short covering possible, which will take nifty 18175, 18200, 18225, But as RSI at higher level, MACD slightly negative, sharp profit booking possible at higher levels, If FII start buying, then only Nifty can continue rally, Trade, If opened and sustain above 18130, Long Nifty, Tgt 18175,18200,18225 SL 18075
NSE:NIFTYLong
by IndexxTrader
Nifty Analysis for 12th NovNSE:NIFTY ⏺ 4/1 Hourly - Nifty is making lower highs and lower lows. ⏺ 15/5 min - Constantly getting rejected from purple resistance ✅ Support - 17850, 17760 ❌ Resistance - 17960 📈 Trend? - Rangebound, but if lower support is broken, rally to that side is very much likely. (what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points) ↕ Market movement - 250-300 pt ❗❗ Watch out for : --> Rangebound market. If possible, take trade only after either support or resistance is broken with good volume . --> Rangebound market will eat your premium if you are a buyer. --> waiting for retracement is always better than diving in. --> wait for a candle to close before deciding that it is a confirmatory candle.
NSE:NIFTYShort
by Pranav_Kaneria
Nifty: Keeping patience, Following 2-3-5 Rule & getting rewardedNifty Just following the 2-3-5 Rule. Those who have been following me will know that this is what we had predicted on November 01, 2021. For first time readers, one can refer to our update provided on November 01, 2021 where we had suggested a possibility of Nifty rising up to Channel top around November 09, 2021, highlighted with a red arrow mark, when it might tentatively reach there.... You can go in the link above and hit the play button and see Nifty movement after analysis was provided. It has touched the channel top exactly around the red arrow mark... Let me be clear, I'm not here trying to time the market but here to identify levels and opportunities with better risk::reward ratios . As a trader, one should keep patience and be focused on that aspect of the trade . Point 3 is one of the best places to take a trade where RIsk:: Reward ratio is favorable (depending on the trend; which in this case is on the short side). For details on the 2-3-5 Rule, one can refer the ITC post where I have explained the rule in detail, how one can look to trade based on the rule and what are the limitations. Note: this is not a fresh recommendation now. Please refer the Nov 01 post where I have mentioned, in the comment section too, where can one look to go short (in the zone fo 18060-18160). We have taken our positions accordingly as per the plan. Those who have followed it have been rewarded today. 🙂 Take care & safe trading...!!! And yeah, Do hit the Like button 👍 🙂 ( That idea got just 3 Likes 😒) To Trade with me, Follow me and get regular updates Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
8
Nifty Analysis for 11th NovNSE:NIFTY ⏺ 4/1 Hourly - Up move if channel break occurs. ⏺ 15/5 min - watch closely as it will be trading in a channel (18000-18055) ✅ Support - 17960, 17850 ❌ Resistance - 18090 (1,3,5) 📈 Trend? - Rangebound, but if support or resistance broken, rally to that side is very much likely. (what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points) ↕ Market movement - 250-300 pt ❗❗ Watch out for : --> Rangebound market. If possible, take trade only after either support or resistance is broken with good volume . --> As said yesterday, if 18090 is broken and sustained above 18100, than rally to 18300 can be seen. --> Rangebound market will eat your premium if you are a buyer. --> waiting for retracement is always better than diving in. --> wait for a candle to close before deciding that it is a confirmatory candle.
NSE:NIFTY
by Pranav_Kaneria
Nifty Analysis for 10th NovNSE:NIFTY ⏺ 4/1 Hourly - Up move if channel break (3) occurs. ⏺ 15/5 min - watch closely watch as it is trading in a downward channel ✅ Support - almost everywhere, 18000,17960 (Big - 2,4) ❌ Resistance - 18090 (1,3,5) 📈 Trend? - Rangebound, but if support or resistance broken, rally to that side is very much likely. (what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points) ↕ Market movement - 250-300 pt ❗❗ Watch out for : --> Rangebound market. If possible, take trade only after either support or resistance is broken with good volume. --> As said yesterday, if 18090 is broken (5) and sustained above 18100, than rally to 18300 can be seen. --> Today we saw that Nifty is neither going below purple (2) support nor going above yellow resistance (3). So a lot of buyers/sellers are accumulated in this area. --> Move after this kind of phase is always explosive. --> So, if you don't want to be trapped on the other side of the trend, it is wise to wise and enter late than enter early and take a loss.
NSE:NIFTY
by Pranav_Kaneria
Nifty Analysis for 9th NovNSE:NIFTY ⏺ 4/1 Hourly - As Nifty breaks the long time Resistance, we can see good up move after 18090 ⏺ 15/5 min - same as above. ✅ Support - almost everywhere, 18000,17960 ❌ Resistance - 18090 📈 Trend? - 100% up (what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points) ↕ Market movement - 250-300 pt ❗❗ Watch out for : --> We can see a good up move above 18090, so be ready with calls. --> This uptrend is after a very rough down side bleed. So it's likely to stay. So avoid taking puts. --> We can easily see 18300 levels if we see strength in 1st hour of market. --> Book profits as late as you can as the chance of a down move is very less. Don't target less than 150 points if you are taking trade before 10:45 am.
NSE:NIFTYLong
by Pranav_Kaneria