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.
Search in ideas for "NIFTY FUTURE"
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
keep following for live market updates.
Nifty Futures 09.05.23A break down from immediate support or an opening below may signal a bearishness, but if there is a breakout above ydays high...we may see another bullish movement. Its important to wait for opening to decide the course of action. An opening near the green line and within range may be a sideways movement
NiftyFutures Key Trading Levels for 10th April 2023Nifty Futures Key Trading Levels for 10th April 2023
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision.
Nifty Futures 29.12.22 daily chart - analysis29.12. NF faced liquidation from the open till mid-day - H period, on lower volume - 20% early morning tapering to 7% by G period.
Excess Low was made in C period. Reversed direction in H period and OTFed Up till the end. Closed at the day high.
Volume on the upside was higher.
Have to see whether today's moves were only on account of expiry. Today's low can well be an Excess.
Also, tomorrow NF will open higher - may be a gap up due to change in series.
Dec series close was 18191 and Jan 18292 - a difference of 100 points.
Nifty Futures - Weekly Time Frame - Breakout below the balanceThe fall started with a variation of the bearish Evening Star pattern right at the All Time High, followed by the bearish Engulfing pattern at the Pullback High and then the final nail in the coffin was another bearish Evening Star pattern again at the Pullback High. After that, it was a steady decline characterised by breakouts and acceleration followed by another variation of the bearish Evening Star pattern and now the big breakout below the last support at the July 2021 month low, from where the last rally commenced. It has fallen 17.5 per cent from the ATHso far this week.
Nifty futures 15 min chart Wyckoff Re-Accumulation StructureMultiple bullish signs clearly evident in the chart
- The structure of Higher Highs and Higher Lows
- Price Volume Analysis showing clear bullish volumes (volume increase on up move and decline on down move)
- Reversal Action and spike in volume at trendline support repeatedly
- Price Action and slope of the buying wave and selling wave comparison
- A Pennant pattern overall in a trending market
Can look for all these confluence factors in the annotated chart.
Please like the post if you find it useful as it will give me incentive and confidence to post more charts based on the powerful technique based on Wyckoff
NIFTY FUTURES 25 JULY 2022Started just above the zone 16609-16621 bounced below to the zone and moved up to next zone 16742-16767 crossing the resistance level 16718, with a small pause.
It could not cross the zone of 16742-16767 and reversed to the resistance level 16718 and ended around it.
THIS IS THE POWER OF ZONES. KEEP TAKING THE FULL ADVANTAGE OF PRO LEVELS AND ZONES.
On 25-07-22, Monday, it could gap up and open to jump the strong supply zone above. But i feel a 2-3% correction is due next week.
Keep respecting the levels and zones.