#NIFTY50 - Analysis for 16th August, 2023 ©Hello Pivster's ★
•As we saw Nifty50's initiative sellers applying an emergency brakes as soon as the Adani-SEBI verdict got postpone.
•But, do you see a beautiful ' double bottom ' (M-pattern) been formed and completed it's target in confluence to a major support 19300.
⇲ My Pivot Auction Chart is posted below for reference:
Now that we have a general overview in place let's see what is the anticipation for tomorrow's market movement ↓
⌖ In case of a GAP-UP:
␥ CASE -1:
IF we see a gap-up opening above or near PDH then a reversal for the Bullish GPZ magnet can come and then-on the situation is to be monitor'ed.
␥ CASE -2:
IF we see a gap-up opening in between PDH and PDC then the movement can be slow towards the DH3 cam level which also has WH3 responsive sellers waiting there for a quick down push towards PDC and if it is protected then it can shoot-up to trap the weekly sellers.
⌖ In case of a GAP-DOWN:
␥ CASE -1:
IF we open gap-down near to the bottom of the GPZ or below the GPZ then the broader sellers in the ongoing trend might trap the buyers near a bounce to Daily Pivot and aggressive selling can be seen once the previous session buyers are trapped and a cartel of different TF sellers would be active and bash the index like Newton's Apple towards the major support level 19300.
␥ CASE -2:
IF we see a gap-down opening near or below the Daily Pivot or L3 cam level then we can see a bounce from yesterday's weekly responsive buyers protecting the GPZ and once the GPZ is taken out we would see further momentum by these participants getting joined in by daily responsive buyers too
So, I wish you are equipped with all the needed information for the coming trading session and i wish a bucket full of profits for everyone 🥂
Lastly, if you liked it and found useful share it everywhere with your fellow-traders/friends/family etc... 🫶
Regards,
Mukkull
Pivotboss
NIFTY50: (THE BROADER PICTURE) HEY FAM,
- As you see in the pictorial representation of NSE:NIFTY , the index took an upsurge at around 13th June, 2023 with a gap-up opening which happens to the level of previous month high (PMH).
- Moving on we also see a PEMA crossover with an initial retest of price at Monthly H3 (MH3) level which shows that monthly responsive players are in action now when the price takes the first support from marked zone that is -> (PMH - MH3)
- Now in the same week we form a Weekly high (PWH) at around 19th June, 2023 which you can see comes in a beautiful confluence with the level of Monthly H4 (MH4) thus making it a hot level on the upper side which is why the line is marked as 'orange'.
- Fast forward to this current week, we have a reference that the index has a responsive range of around 210 points which is clearly marked on the chart too.
- This week beautifully shows the fight between the weekly and monthly responsive players trying to break through from the responsive range and thus open gates for their respective initiative players to race towards their range targets.
NOTE:
I hope you understand the broader picture now and can also testify how simple things can be if you just connect the respective dots from multiple pivot timeframe.
So, I think that this information through a brief pictorial representation helps you in further projects and the same time shows you one of the way you can use PIVOT STUDY WITHOUT EVEN APPLYING ANY INDICATOR!!
Let me know your thoughts upon this publish in the comment section.
THANK YOU
Bank Nifty - Intraday Levels for 11 July 2022Banknifty Intraday Levels for Tomorrow..
Trend : Bullish
Sentiment : Positive
Expectation : Bullish Continuation
Expecting Banknifty to Open Flat / Small Gap up between CPR and Buy Reversal zone, We can look for buying opportunity at BUY Reversal zone any breakout above CPR - PDH & R1 levels are the first targets
Any breakout below BUY Reversal, look for short on retracement
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Indicator for Intraday Trading - with BUY/SELL SignalsHi Traders,
Trading is Simple, Make it Useful!!
Here the trading made easy with Signals...
Its a Combined Pivot Boss Price Action Strategy Indicator.
This indicator has been created based on Pivot Boss, RSI and Price Action Strategy.
BUY Signal - Go Long at middle price of the Signal Candle, SL low of the candle.
SELL Signal - Go Short at middle price of the Signal Candle, SL high of the candle.
ViVen - IND Indicator Details:
Daily CPR Levels
Pivot Points
Weekly CPR Levels
Next Day CPR Levels
Camarilla Levels
Pre - Day, Week, Month - High / Low Levels
SMA , EMA and WMA Moving Averages
Bollinger Bands with Multi Time Frame
Moving Average with Multi Time Frame
Magic Band
Price Action
Along with this Trend and Strategy table added in the chart which indicates about the Trend.
I also included BUY / SELL labels to take positions.
Happy Trading!!
Nifty Trading Plan - 14th JulySummary
► HTF is again is crucial demand zone. DTF has a "Hammer" candle, which infers "Positive" bias".
► Pivot analysis infers Trading Range DAY bias.
► ADR levels are below 0.50 hence, it infers trending day but, CPR width is not encouraging. So, be ready for double distribution day or mild trending day.
► Support levels 15793/15735
► Resistance levels 15895/15850
► Support levels has Multiple pivot point zones, which infers good support. Above 15760 we may see some buying. So, keep a watch, unless market gaps up or down.
► I want to highlight one thing, in DTF market is moving sideways which infers STAGE 3 as per Stan Weinstein methodology. Hence, expect some correction in medium term.
**********************************************************************************
Step 1 - Strategies to be deployed -
l Open drive .
l PPT.
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15800 is stop of 15781 and target of 15830.
2. Any bullish PA above 15768 is quick scalp with stop of 15749 target of 15790.
3. Any bullish PA above 15749 is stop of 15729 and target of 15789.
4. Any bearish PA below 15840 is short with stop of 15860 and target of 15800.
5. Any bearish PA below 15790 is short with stop of 15809 and target of 15764.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Sacredmonkey
Nifty Trading plan - 18th JuneSummary
l HTF trend is still bullish but, there is a DOJI again which means, will need confirmation on Wednesday for direction. So, wait and watch before taking trade.
l Pivot analysis infers bearish bias and will be a very high probable trending day. But, with less conviction since ADR is not aligning with CPR width.
VERDICT
WAIT & Watch to infer direction. Market will TREND and I am BEARISH currently. Wait till market forms a structure above or below CPR.
15600 may be good buying levels but, sellers may overwhelm and take it to 15500 levels and 15750 may be good level to sell.
**********************************************************************************
Step 1 - Strategies to be deployed -
l Open drive rejection
l PPT.
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15643 level is a long with stop of 15625 and target of 15681.
2. Any bullish PA at 15708 is long with stop of 15686 and target of 15749.
3. Aggressive longs above 15774 only with stop of 15752 and target of 15819.
4. Any bearish PA below 15730 is a short with stop of 15746 and target of 15697
5. Aggressive shorts below 15584 with stop of 15605 and target of 15541 .
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!! NSE:NIFTY
@Mockingbanana
ICICI PRULI Short oppurtunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
CASTROL INDIA Short oppurtunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
AEGISCHEM Short opportunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
INDIA GLYCOL Short opportunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
MEGHMANI ORGANICS Long opportunityTrading possibilities for Coming week.
This stock have shown good strength and has closed high. It still has bullish Momentum and can go further up. You can trade this for intraday and also for few days in the coming week.
Look for Buying at the levels marked in green and whenever you see a Bullish candle pattern forming. The targets and stop loss are subsequent levels up and down.
Other important levels are as marked in the setup.
You can download the Indicator to get the accurate levels premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
ASAHI Long opportunityTrading possibilities for Coming week.
This stock have shown good strength and has closed high. It still has bullish Momentum and can go further up. You can trade this for intraday and also for few days in the coming week.
Look for Buying at the levels marked in green and whenever you see a Bullish candle pattern forming. The targets and stop loss are subsequent levels up and down.
Other important levels are as marked in the setup.
You can download the Indicator to get the accurate levels premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
Nifty Trading Idea for 15th March - MondayTrading possibilities for 15th March - Monday.
Market may open Flat or small Gap up and If there is Buying pressure it can go up. There is important resistance level at 15135 which has to be breached before we see any further gains in the upward direction.
There is a possibility of taking resistance at 15315 and coming down all the way to 14925. Other important levels are as marked in the setup.
You can download the Indicator to get the accurate levels premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading.