Nifty Analysis for Coming daysThis is just a possibility
Nifty Is being pushed up seriously to the highs, One who can understand option chain can see that for the past 2 days not even a single call option is being written, makes everyone believe market is heading UP ..
Added few Screenshots for understanding
Weekly Time frame
SGX Nifty
Banknifty
Tomorrow
Nifty - Intraday Levels for 12 Aug 2022Nifty Levels for Tomorrow..
Trend : BULLISH
Sentiment : Negative
Expectation : Bearish Reversal
As expected Nifty tested 17700 level today but couldn't sustain above this level end of the day. Since Monthly resistance is also exist there.
For tomorrow, Nifty aligned with Negative sentiment but Bullish trend. If any Flat or Small gap up open around CPR level - CPR zone or Sell reversal level will be the key resistance for tomorrow. We can look for short entry for the target of 17572.
Nifty may trade in range between PDH & CPR, if any breakout above Sell Reversal level.
Any breakout below 17500 will leads to BEARISH trend in the market. We can expect some consolidation between 17500-17700 before it takes next move.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
BankNifty Analysis for 7th July ExpiryBanknifty levels For whole week given in chart
As Long as price sustains below 33900 we are bearish and in a range market .. If at all price breaks above 33900 and sustains for 1hr
One can consider we have a breakout .... it is not going to be a easy ride more like a choppy or a slow momentum uptrend if at all we see a breakout
Nifty 50 trade setup for tomorrowThe market is trading in the range and if the market has to go down or up it has broken that range.
If 30 minutes candle closes below the 16080 level we may further down movement in the market.
For prices to go up, the price has to break the trendline and also the previous high.
Nifty Swing predictionCombining Pitchfork and harmonics gives better results .
Look at the rejection of pitchfork at the higher parallel line.. if we see a bearish move tomorrow and
17k is breached then we can clearly see stronger move down side .. and the target is given on the chart ..
thats where the D leg started for the Gartley pattern and the target for that swing can also be seen on chart which matches perfectly with an error percentage of 10
lets see how it goes.
Another Possibility
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Simple Trade Setup | BEL | 14-12-2021 [ INTRADAY ]NSE:BEL
Observations:
1) On 1day time frame,after 2 days of trading below 50DMA it managed to closed above 50DMA but it closed just below 21DMA.
21DMA is placed at 209.02
50DMA is placed at 207.65. 50DMA will work as support now.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, it made double bottom pattern. Immediate resistance is as 210 level.
Major breakout level is at 215 level.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 14-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
I am giving small targets/levels for safer trade.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | CIPLA | 08-09-2021NSE:CIPLA
Observations:
1)On 15time frame, it has been consolidating in between 946-956 level range since 06-09-2021.
Breakout on either side will give good move.
Please refer below chart : 15 time frame.
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Trade Setup for Date 08-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Please be noted that stock might not reach the ultimate level or it might also go further than the ultimate level. One can book profit or SL as per their own strategy.
Nifty Level For Tomorrow ( Price Action Analysis)If Tomorrow market opens flat and taking support 16588 and form a strong green candle go long for 50 -60 Points OR
If Market opens Gap Up above 16645 and forms strong green candle go long. Or open gap up on 16645 and faces resistance and taking support on today high then go long If Market Open Gap Down then above 16690 and form green candle go long or level breaks go short go short
Nifty Resistance 16650 16700
Nifty Supports 16530 16340
All advice is for educational Purposes
Bank Nifty Level for Tomorrow ( Pure Price Action ) If Tomorrow market opens flat and taking support 35580 and form strong green candle go long for 150 - 200 Points OR
If the Market opens Gap Up above 35800 and forms a strong green candle go long. Or If Market Open Gap Down then above 35340 and taking support then go long and if 35340 level breaks go short
Bank NIfty Resistance 35800 36250
Bank Nifty Supports 35340 34800
All advice is for educational purposes