Shortnifty
NIFTY: CORRECTION AHEADAfter a five wave impulse down nifty is rising in a corrective structure on the upside. The corrective nature of the price action suggests that near term trend for the nifty50 is down and prices are likely to fall towards 17000 in the coming weeks. On the upside the key resistance zone is 18350 while on the downside key supports levels are 17650/17350/17000
Nifty Next Moves - Short Nfty Trade for Today & Tomorrow
Nifty has a false inside bar range break-out on Friday. A straightforward trade setup is
If it breaks Fridays low - pls note IF and only IF
There is a high chance that it will test the low of Mother bar of the range
Target and Stop loss provided on charts
Happpy Trading
MSK
Nifty false breakout above 11900.As from 2003 onward, all lifetime highs have been crossed with nifty RSI being in range of 73-80 and such strength is showcased for atleast a week , in order for nifty to cross 12000 RSI needs to go above 75 while it is still 65 and looks weak, fundamentals are below average, rural consumption slowdown, Auto slowdown, Lending slowdown, NBFC stricer regulation, oil supply disruptions looming, trade war threats, untill the RSI touches 75-80 short term trend is negative with support at 11500
NIFTY is trading in down trend. Plan for Short trades.NIFTY is trading in a down trend. Weakness continued in nifty and prices struggling to move up. We can expect nifty to fall till price reaches the 9700 level support. Also if we observe the price action, doji candles shows still buyers are not in control to push prices up. So plan for the short trades till prices reaches the strong support.
Nifty : ABCD..ABCD..More of ABCD !Yep, ABCD's everywhere you go, repetitively thats why Kindergarten Admission confirmed & on lighter note some people maturity level is also upto KG levels only, trying to nag others & to pick up fight. Well, I'm supercool now, than ever :)
Expecting Bat formation on hourly, keeping in view of our 9k fill, this needs to fail, probably a small short covering can happen around ABCD completion zone in Nifty 9070's zone. But if Nifty gets in Bear mood today,it will turn ruthless & filling all the gaps to the down. Just My intuition that its not in mood today, Nifty will get ruthless on its own time & preferences.
So mostly, that retracement pullback will happen then a downside move to complete the bat pattern. Go down on time frames to find potential trade chances. You know friends, Most of time I won't give stops & targets, Learning on own is best tutor ever.
Buddy's, if you have counter views feel free to drop a line below, I would love to have healthy discussions, bcos knowledge sharing is best thing happened to human race.
For that one dear buddy who made futile attempt to nag with kindergarten sarcasm, Don't be so afraid of Me to oppose My views right in My post, I wud love to see you, Rightnow is the time bcos I'm supercool than ever :)
Nifty : Risky setup to get short ! Usually I won't post trades with Entry,stops & targets but here posted it bcos its risky and counter trade, so everyone should know how I take on risky setups and my rewards ! Actually I want you to realize my risk rather than concentrating on my rewards and why I enter trade in the marked zone. Nifty may trigger my entry and raise straightup to stops or won't get triggered and move down to target - Don't get Emotional on these scenarios.
I may lose but you will get to know & Learn on how to enter & handle counter trend trades even after 100pts Gapup. If you learn and take away something - I'm glad about it !
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Happy Trading !!