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Nifty future predictionFrom last 6 week nifty hasn't been able to close above 11950. It had the chance on friday but was beaten down. Now i feel we are heading down till 11450 and on 5th July which is a budget day big money will push the down price till 11250 touch it and spike back up. The probability of this pattern repeating is very high.
NIFTY FUTURE FEBRUARY SERIES 2018Now bulls need close above 11100 for the next leg of up move towards 11600-12000. Bearish below 11000 for a move towards 10510. Nifty bulls were unable to protect 11100 on expiry day, Low made was 11069 but close above 11069 so bears were unable to break 11000. 29 is important time cycle date for this year effect should be seen 29 Jan. Bulls need a close above 10490 for a move towards 10550/10601. Bearish below 11000 for a move towards 10500/10250.
Nifty Futures in Uptrend, Next Target 25800.1. Structure -
a. Support - 24200.
2. Trend - Higher highs, low broke but didnt
sustain below previous low, made new high ->
Uptrend.
3. Buying zone - 24200.
4. Conclusion - Continuation of uptrend
expected. Target 25800 in coming weeks.
Use any down move to add to your
long term buying positions esp in IT, Pharma
around 24200.
Nifty Futures, Levels - 9 OctUpside Trade Zone:
If price sustains above the level of 19678 then it could move towards 19715 and then 19745.
Downside Trade Zone:
If the price gives a breakdown of 19678 and sustains there then we could see the levels of 19617.
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
Nifty Futures Intraday ChartThe price shows a downtrend with a series of 6 red HA candles. But the body of the 6th candle fits in the previous one. Which indicates a cool off or a consolidation.
Consolidation range : 19500 to 19560
All major moving averages are negative (-ve)
The breakout of 19560 extends the upper range to 19600//19625
The breakdown of 19500 extends the downside range to 19410
Thanks
Er. Simranjit Singh Virdi
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty Futures : Overall market positioning and important levels.Chart type : Heikin Ashi
Time frame: Daily
Tools Used:
Fibonacci for levels.
Heikin Ashi candles for momentum.
Moving averages for the behavior of the price.
Analysis:
We have a series of continuous red HA candles which indicates the weakness in momentum. Also the price is trading below the first band of moving averages. The next important level to watch is 23.60% retracement level which is 19412
Thanks
S. Simranjit Singh Virdi
(Independent Trader)
Nifty Futures levels For 11th July 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
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NIFTY FUTURES LEVVELS 26.05.23Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
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