#Nifty Trade Setup For Monday (21st June)So market has retraced at the level of .6
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Rsi is 57 so it means at that level market can goes up.
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Upper side resistance is 15759, so maybe Nifty can touch this level and can reverse.
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If Nifty break 15759, so it can give you the move.
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You can also share your views in comment box.
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Tradesetup
Identify Trends Using Moving Average and Trade accordinglyMoving Average (MA) is a widely used technical indicator that smooth's out price trends by filtering out the “noise” from random short-term price fluctuations. The most common applications of moving averages are to identify trend direction and to determine support and resistance levels.
When asset prices cross over their moving averages, it may generate a trading signal for technical traders.
(In this chart when red line makes a cross over the green line on the Upside a Buy signal is generated, similar when the red line makes a cross over the green line to the Downside a Sell signal is generated)
Moving Average Length:
Common moving average lengths are 10, 20, 50, 100 and 200. These lengths can be applied to any chart time frame (one minute, daily, weekly, etc.), depending on the trader's time horizon.
Here in this chart I have used (9,21) length to identify short term trend.
Now, lets talk about how to prevent our self from taking trade on false cross over
(Here in this chart what i observed is-MA tends to provide more accurate signals when the cross over happen in either upward or downward direction, while a flat crossover as spotted within the circle gave a false move and an indication of a sideways trend
please do like, share and comment if you have any suggestion for me
Thanks
CUB 🦁 🦁 - IN RADARBREAKOUT ALERT AHEAD...
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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MOTILALOFS LOOKING BULLISHStudy chart pattern: "Bullish flag pattern breakout" with significant volume, NBFC sector especially AMC, & Broking companies have stated outperforming in last couple of months and same is expected to continue, Stock is placed above medium to long term moving averages, indicating uptrend, Indicators and oscillators on weekly and monthly charts have turned bullish. Can be bought at cmp for 950 levels.
** NIFTY & BANKNIFTY TRADE SETUP FOR 9 JUNE **The market can stay irrational longer than you can stay solvent.
John Maynard Keynes
Of this, we can deduce two crucial lessons.
Markets can act perversely in the short-term
Don’t try to rationalize market behavior
MARKET ANALYSIS AND PREDICTION FOR 09.06.21
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* NIFTY 50 *
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SUPPORT RESISTANCE
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1ST SUPPORT ZONE : 15737.65-15725.20 | RESISTANCE ZONE : 15767.85-15779.20
2ND SUPPORT ZONE: 15679.55-15689.90 |
3RD SUPPORT ZONE: 15639.55-15650.35 |
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT ZONE : 34961.90-35010.95 | 1ST RESISTANCE ZONE : 35094.70-35123.30
2ND SUPPORT ZONE: 34710.65-34774.00 | 2ND RESISTANCE ZONE : 35217.25-35264.25
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EXPECTATION : NIFTY MIGHT CONSOLIDATE TOMORROW .NIFTY MAY BE RANGE BOUND AND FLAT . STILL I EXPECT A FALL AT ANY POINT
OF TIME OF 1-2 %.
BANKNIFTY WILL ALSO BE FLAT AND RANGEBOUND FOR TOMORROW. BANKNIFTY IS NOT FOLLOWING NIFTY. TRADE SETUP SHOULD BE
DIFFERENT IN BANKNIFTY. BETTER TO AVOID BANKNIFTY.
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WE SHARE OUR PICTURE PERFECT SETUP WITH OUR REGISTERED CLIENT CUM INVESTORS IN MORNING SHARP AROUND 8 AM.
WHETHER THERE WILL BE A GAP UP OR GAP DOWN WE SHARE THERE.
EVEN THERE ARE STOCK SPECIFIC F&O TRADES TOO. **
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Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
#Nifty Trade Setup For Monday (7th June)So for tomorrow there is a simple Strategy.
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If Nifty cross 15680, we will buy 15700 CE for 40 points.
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If Nifty goes below 15620, then you should go for PE.
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If Nifty give gap down below 15620, then you should go for call option once it goes above 15620.
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If Nifty give Gapup Opening then buy on dip strategy will apply.
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Keep learning keep earning
NIFTY 15 min strategyMark the first 15 min high & low of Nifty.
(Only trade on 15 min time frame)
If any the breakout comes in Nifty on the upper or lower side, then take positions when taking retest at levels on nifty options or future for targets of
T1: 30
T2:45
Sl: 30 points in nifty futures and 10 points in Options
Make your own rules for it and backtest it.
Trade only if you accept losses.
ONLY FOR INFORMATION AND EDUCATION PURPOSE, ASK YOUR FINANCIAL ADVISOR BEFORE TAKING ANY ACTION
Prakash Industries - StrategyPrakash industries is a cyclical stock with prices swinging from 10x from the lowest price to falling again by 90% from the highest price. The stock is in constant momentum after pandemic crash/correction in markets. Looking at volume and correlating it with historical data, the chances of stock staying bullish are more than the chances of it being bearish. Also, the business has started to pick pace after heavily hit by the pandemic. If we look at the sectoral picture, the steel sector rose in markets like crazy, and now is in a small consolidation. If you enter for a trade-in this script, I would advise you to go wisely. Do not put money and forget. This is a cautious trade that poses a good magnitude of risk. But here Risk: reward is still crazy good.
They say risk and reward go hand to hand.
#Nifty Trade Setup For Monday (31st May)According to chart history, Nifty can give the gap down on tomorrow.
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But momentum is bullish so if Nifty cross 15500, then we will go for 15600 CE.
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If Nifty goes down below 14390, we will go for for PE,
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Buy on dip strategy will in case if Nifty is in upward momentum.
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Keep Learning Keep Earning
Will market make big moves today? Know moreHello Traders!
Good Morning to all
> Europe is negative yesterday. US has closed flat
> SGX nifty indicating negative start
> OI support at 32000 and resistance @ 33500 Max pain @ 33000
> FII & DII both sold in cash and FII again short in index future.
> Market largely moved because of gap's for the past few sessions.
> FII can book profit if markets down in the open. Which can make the market move higher.
> Support and resistance on the chart.
Stay safe.. Wish you a profitable trading day!
Nifty more likely to face selling at our resistance> Monday Morning SGX Nifty was showing some positive start.
> Our market gapped up because of this reason.
> We have seen that FII's where net buyers on Friday. Using todays gap they must have booked their profits.
> FII EOD data is negative today.
> Also nifty has strong OI support @ 14900. breaking 14900 can make a lot of put option sellers to unwind their positions.
> European and the US are down, Asia has only few index in green.
> Critical price area above, Watch support and resistance on the chart.