Get started

Search in ideas for "NIFTY FUTURE"

hourly chart of bank nifty futureseducational purpose only hourly chart of bank nifty futures remember, I said that we are in a bear market and a time will come where we all will get bored? this period is called a consolidation phase. I have gone all the way to the period between 20th dec and 3rd jan to find the important levels and guess what? the same levels apply today as well. we need to keep patience but here, I think that the bottom is made. I may be proved wrong keeping in the mind that the world is going crazy but charts make me believe that the worst might just be getting over. my current strategy for traders is No Trade but investors can enter and invest 35% to 50% of the capital.
NSE:BANKNIFTY1!Long
by virralthakkaar
Failed Bullish Piercing pattern in Nifty FuturesAfter a long bearish candle on 24.1.22, Nifty Futures attempted to stage a reversal on 25.1.22. It opened Gap Down and after testing below to 16851 just above the Support Low at 16842 established on 27.12.21, it rebounded with good buying (mostly short covering) and reentered the range of the previous day. It traded within the previous day's range throughout the day but well below the Halfback (midpoint) of the previous day's range. Towards the end of the day, it attempted a spike up on good volume but could not pierce much above the Halfback level of 17307. The Day's High was 17307. But it closed below that level at 17284. This is not a strong reversal as the market failed to find acceptance above the halfback level of the previous day. The Bullish Piercing pattern requires a rigidness in the penetration into the body of the previous day's black candle. This did not happen today and hence it is a failed pattern.
NSE:NIFTY1!Short
by shivaq
1
daily chart of bank nifty futures*for education purpose only daily chart of bank nifty futures it is quite clear that the selling hadn't stopped until yesterday. the last candle made on 20th Dec 2021, yesterday looks like a sell zone. markets are opening with a big gap today but doesn't look like it will cross above 37150.00 zone and sustain there. I will not be changing my view of 1. sell on rise & 2. keep it intraday only till 37150.00 is crossed with strength. macd is weaker than ever. both, macd and signal is below zero and had a bearish crossover. rsi is below 50 and looks like a nose dive. cmp:- 34547.30 support:- 34123.10 / 33276.30 resistance:- 37085.00 / 38442.95
NSE:BANKNIFTY1!Short
by virralthakkaar
Bank Nifty Futures*FOR EDUCATIONAL PURPOSE ONLY!* *CHARTS ANALYSED USING 9 AND 21 MOVING AVERAGES, MACD AND HISTOGRAM ONLY! BANK NIFTY FUTURES DAILY CHART Moving Averages (9 & 21) are in a bearish trend, and I don’t see the required strength to be confident that a bullish reversal is on the way yet, but MACD and Histogram are giving signals of a bullish reversal. We can buy once we see a prominent crossover. Candles are trading way below 21 MA. Trend is not clear. HOURLY CHART The resistance at 36849 looks strong but we can see a breakout if candles crossover with strength. MACD is in a bullish pattern, but Histograms is fading. This creates a doubt regarding the breakout I mentioned above. Candles are above the 21 Moving Average which is a good thing but again, looks like a downward swing action could be possible. The chart is in a sideways trend. 15 MIN CHART A clean and clear bearish reversal in MACD and Histogram. Candles are holding on to the 21 Moving Average and the bearish trend would be confirmed if the candles let go the MA. There is nothing much to study, but the chart is weak for sure. My final outlook would be of a downtrend. I am not expecting a huge correction, but a normal running correction could be coming tomorrow.
NSE:BANKNIFTY1!Short
by virralthakkaar
Rising Three Methods in the Nifty Futures 30 min chartAfter making a good excess low around 11 a.m. - seen in the chart as a doji with a long lower tail, Nifty Futures rallied higher and made a breakout around 1 p.m. - see the strong green candle with higher volume. Thereafter till 2.45, it made three small red candles on lower volumes as compared to the big green candle. The three candles were all within the range of the big green candle. After 2.45, it made a fresh rally on higher volume- as seen by the long green candle which closed above the high of the previous long green candle. It formed a classic 'Rising Three Methods' - a bullish continuation pattern. One can add or initiate longs with a stop loss below the low of the first green candle.
NSE:NIFTY1!Long
by shivaq