SELL NIFTY @ 9:30 AM | INTRADAY TRADE 23RD JAN '24Gift Nifty indicating a gap-up opening, however, as per our time based research, we are looking for a fall in Nifty around 9:30 to 10:00 which may extend upto 10:45. Resistance levels are marked on the chart. Take trade accordingly.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
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SELL NIFTY @ 9:15 AM | INTRADAY TRADE 23RD JAN '24Gift Nifty indicating a gap-up opening with 70 - 80 points, however, as per our time based research, we are looking for some fall in Nifty between 9:15 to 9:45 but don't hold for big targets like yesterday.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
GIFT NIFTY FUTURE buy sell zones analysisNSEIX:NIFTY1! nifty future bounced back from daily timeframe buy zone and ended up just below previous sell zone, with no prpoer buy zones immidiate below, we may see a drop till midzone , if manages to break above current sell zone and sustains with a retest, then we may see move till green zone quickly
Gift nifty trend reversal started start buy on dip in niftyHow to take trades using Harmonic pattern projection Trade setup is explained below :-
To take fresh trade in Buy/ Sell side we have to check if Price if Above / below 23.6 mentioned as D(23.6%)
Then we can take fresh buy or sell trade with SL or recent high/ low mentioned as point D( 0 %).
Targets :
T1: 35 % to 38.2 % level is our 1st Target
( This is reversal zone so if price taking support and not break zone then book profit. If breaking then hold trade with SL just above or below cost)
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 138.2% ,150% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection parlttern based .
After showing reversal levels wait for confirmation until 23 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Nifty 12-12-2024 Weekly expiryGift nifty is trading at 31 points down and expected to rebound.
Expecting NIFTY to make an upside move till 24748 and hold or even move to 24859 levels but before that it will downward move to a lower support levels 24548 or nearby.
Suggestion
No call selling if volatility is high. Only if it hits 24450 and makes it as its resistance.
One profit booking is expected at or near 24748. If it holds reentry suggested but no holding long.
Again full risk n no stop loss so small positions suggested.
Stay ATM. Expecting everyone to recover stop losses bearings everyone has taken for last 3 days.
Nifty Gift nifty is about to start its correction of wave 4, degree is not clear. either its takes support at 25800-25750 level and then makes a new new all time high.
But on break below 25750 Fut for 1-2 hours can bring 25450 level which could again be used to buy again with Sl of 25250 on closing basis for new all time high.
Gift nifty chart is bullish buy on dip on nifty On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gift nifty, Nifty future 20650 upside Target On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gift Nifty 50 is displaying a breakout
1. **Nifty 50 Breakout Flag and Pole:**
- A breakout occurs when the price of a security moves above a certain resistance level, signaling a potential upward trend.
- A flag and pole pattern is a technical analysis chart pattern that looks like a flag on a pole. The pole is a strong, quick price movement, and the flag is a consolidation period before the price continues its trend.
2. **Rectangle Pattern:**
- A rectangle pattern is a continuation pattern where the price consolidates within a horizontal range. It indicates a temporary pause in the trend before a potential continuation.
3. **Bullish Outlook:**
- If there's a breakout from the flag and pole pattern, along with the rectangle pattern, it suggests a bullish trend continuation.
4. **Next Target: 19660:**
- This implies that the next projected target for the Nifty 50 index is 19660. This target is likely based on the technical analysis of the chart patterns mentioned.
**Brief Summary:**
- The Nifty 50 is displaying a breakout from a flag and pole pattern, accompanied by a rectangle pattern, indicating a potential bullish continuation.
- Traders may consider a bullish stance with a target of 19660 for the Nifty 50 index.
Please note that investing in the stock market involves risks, and decisions should be made based on thorough research and analysis. Additionally, market conditions can change rapidly, so it's essential to stay updated on the latest information.
Gift nifty trend reversal started,buy tomorrow buy on dipHow to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 17.5% then early or risky traders can reversal trade ,
Targets :
Target T1 : 28.3%
Target T1 : 37.8 %
Target T3 : 48.1%
T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Next Targets are 77.5 % , 89.6 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200%
160.2 to 177.5% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance