#Nifty Future Result ( 17th Nov '23 )Those who have followed the level heartedly must be in the profit, Keep trading & stay motivated, Control Your greed & Face your fear..
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Nifty FutureSome Big Daddy has been going Long since 19000 odd on Nf and has ensured that each and every Next Day opening has been a GAP UP. Inspite of FIIS selling each and every day the market has recovered 50% losses since High. So what is happening ??????????? It is not the FIIS who are in control, but the PROS...... They have seen the opportunity of Fiis selling 7700 crores at 19000 and seized this to go LONG and compel FIIS to sell even further each and every day thereafter. A Long as 19385 NF stands today............ BUY THE DIP into THURSDAYS EXPIRY. Two zones of 19280 and 19385 will act as SOLID SUPPORTS on NF for NOW.... and a follow up above 19455 will take the Index Higher
Nifty FutureI preferred to post the NF chart rather than the NS chart from a Traders point of view. You MUST co relate the NF chart to the NS chart and all the levels will be clear going forward. I think this coming week will be pretty BRUTAL for the Indian Indices..... with levels of 18700-18760 possible to the downside. Position yourselves accordingly.
To see the Levels..... just take your cursor and place next to the lines drawn. ull get those levels
Nifty futureFor TV 1234............... As I see it .... Gave you all a level of 17466 with filter... 17378 without the filter... we are above this for the past 2 days now..... but I see 10.42 million contracts developed to the SHORT side
Nifty futureGet ready for some FIRE WORKS...... Something is About to happen..... Position your self accordingly
Nifty futureSome BIG hands/ hands have been shorting the NF at 17035 and 17120 levels for the Last whole week.... While we have NOT crossed 17120 since the Last 3-4 days and are Religiously falling from exactly this Level..... NF need to OPEN/Sustain above this for a Rally UP
Nifty FutureThe ONLY way I would probably go WRONG is the EXPIRY PLAY...... but I have plotted exactly as I see it happening on NF
nifty futureI need to clarify Something here and now. In as much as I am calling out for a Bottom...... Something happened to the OPEN INTEREST on the Indices. We have an """" INTER MARKET DIVERGENCE"""...... Meaning that 1 Indice has Longs Built up in the system while the Other has Shorts. Todays close has changed something....... NF has some amount of Longs and hence post market closed 10 points UP. BNF has SHORTYS Still in the system, and has gone into a discount to BNS..... ( this is what it shows unless I have the wrong Figures). This Now COMPELLS ME to say that ONE INDICE will PULL the other either way. This is PURELY AN EXPIRY PLAY.... Also under the circumstances....... we """ MAY """" see NF at 16870-16845 range.
Nifty FuturePrice moving within parallel channel. Upper levels may act as resistance while 100 ema on 15 min chart or the purple line that's drawn may act supportive.
Nifty FutureHad NF closed adjusted above 17210..... irrespective of the SGX showing a 160 points drawdown, NF would have opened GAP UP. However it did not close above 17210 and so...... the WORST case Gap Down scenario will be as marked by the Green Arrows. As per Me, the set up still talks about an upside for this Month atleast
Nifty FutureThe TRADING PLAN as I see it for today..... Downside seems capped , so be very very careful IF YOU PLAN TO GO SHORT..... The 2 BLACK LINES are ABSOLUTE SUPPORT for Today.... I'll update during trading hours as and when possible. This is a 15 tf chart
Nifty FutureNF will need to GAP UP tomorrow above 17077 and sustain this level for further upside. The Fib retracement to the Left is the entire wave and to the Right is the Recent wave high marked in Blue Lines. I made Money Intraday and went LONG at close even tough it was a TOUGH DECISION to make . A break of 16950 will open up the gates to further downside towards 16880.....
Nifty FutureThe TRADING PLAN for NF as marked for everyone to see....... Time to Go Long for 200 points UP apprxx.... from where selling will take place for 16950 apprxx....... Since NOONE Gives Me BOOSTS/LIKES...... I wont update intraday.... Measure the Risks/Rewards and do as per your own understanding. Please co relate the BNF accordingly. I wont post the BNF chart.
It should be OBVIOUS to everyone that should we open BELOW the levels...... there should be no buying
Nifty FutureThe TRICKY PATTERN Finally Emerges today as Marked ....... I would be Looking at a NEW LOW Tomorrow on NF towards 16950. A s was explained a few days ago..... we are in a Range..... 16800 to 17220 now...... One side decisive Move above/below these Levels will Draw up the Next MAJOR MOVE. I had an amazing day trading today, DID U ???? I kept giving Running Commentry the whole day almost.
Nifty futureOn the NF chart........ You MAY consider Going LONG at the Rectangle Level Marked, and if this Holds today..... The UPPER 3 TARGETS are Pretty Assured
Nifty futureFor PARASURAM................ This is why I asked you to stay CAUTIOUS..... Did we fill the GAP ????? NO....... Inspite of Such a STRONG RALLY..... Still Cautioning You All..... Learn the Wave Counts and Stay Abreast with the Market Movements. When the whole world was Bearish yesterday ..... I gave you all a level of 16875 to 16900 on NF to go Long...... I was Long at 16872. We made a Low of 16858.... and the 400 points GAP UP gave us amazing Dough. I hope some of you are able to grasp what is happening....
We can GO ALL THE WAY down to the Lower END of the CHANNEL BROTHER
Nifty futureAs expected ..... we gapped up majorly. Now the current waves MUST be marked as follows.
1. Marked i Must remain i.
2. Marked ii MAY either be a minor ii done and we are well into the iiird wave.... OR, where marked ii MAY be ""A"", todays TOP as "" B"", and a ""C/ii """ down pending before an EVEN MORE MASSIVE RISE for iii up. Play it well
Nifty futureI had to scale this NF chart down to 15 tf.... because on hourly it was getting difficult to mark the pattern coz of candle size etc. But this is what I am looking at on the NF on a 15 and hourly scale...... We hold todays Lows..... and cross over 23.6 n 38.2 % as marked in the Rectangle...... it will more or less be ...... CATCH ME IF YOU CAN
Nifty futureNF chart marking the 5 waves done as 12..... ABC, and PROBABLY an IMPULSIVE MOVE UP STARTING ..... I would look at todays Lows or Fridays lows to hold, based on which, we either have minor wave i and ii done as marked, OR, BASE BUILDUP wave 1 n 2 .... hereon... 5 impulsive waves for each Larger MOVE UP 12345
Nifty futureThe NF chart as I see it..... a Good place to buy is 16875 to 16900 range..... for a 400 point upside either today or tomorrow
Nifty futureJust a follow up on the NF chart I posted a short while ago....... After an ABCD........ the waves to the upside are determined by the Advance in Price anywhere between 23.6% which should be the minimum at apprxx 17500-600 zone to 127.2 % which is at 18400 apprxx. I never use any indicators such as RSI/MACD/ STOCH etc, but Today I was compelled to use the RSI Divergence. NOTICE THE READINGS I HAVE MARKED...... IT IS HIGHER THAN IT WAS BEFORE. The PIVOT on hourly basis being at 17650 apprxx
Nifty futureGiving you all the Chart for the NF, all explained. As today is an EVENT @ FED...... be careful what you do. Better to stay on the side lines .
1. I have a CONTRARY CALL on the FED EVENT. Should the FED increase the rates by 1% and More.... Markets will RAlly. Anything less than 1% a Temporary Blip to the Downside. Markets are concerned about Inflation and its impact on Earnings etc going forward and will welcome a Steep hike is MY TAKE
Nifty futureThere is a MOST LIKELY HNS FORMATION ON NF CHARTS AS indicated. The down side target is indicated by the Black line at apprcc 16800-900 zone . Be careful. Breaking and staying below the Hourly PIVOT at 17637.... will be KEY
