Trade with Conviction.
NIfty is weak compared to Bn,, initiate trades on strong candle closing basis.
Look for Price action at important support and resistances.
NIFTY Intraday Trade Setup For 01 Mar 2023
Buy-Above 17345
Sl-17295
T- 17440 17530
Sell-Below 17255
Sl-17305
T- 17147 17070
NIFTY has closed once again on a bearish sentiment with 0.51% cut. Till now it has not tested PDH since last 9 trading sessions. Today it opened opened and buy triggered which hit sl. Later 10 o'clock range broke downside below 17367 and...
As we can see NIFTY has technically broken down the support and hence any weak opening can show good fall below today’s low on the other hand if opens strong we might see sideways to volatile market today so tomorrow’s opening is going to be really important keep watching everyone
One Hour Nifty50 Chart Analysis For Nifty Tomorrow Prediction with key Support & Resistance
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 17255 - 17265
Second Support Zone For nifty50 – 17145 - 17160
Third Support Zone For nifty50 – 16945 - 16960
Resistance Zones For nifty Intraday...
Seems like trend has reversed as you can see in the chart of 4hrs candle was not cracked out with a close below 4hrs candle ( green) besides 8 hrs of selling pressure one can go long with sl below 17230 on 4hrs candle closing basis.
This is just a view better seek professional help before committing any money towards trade.
Regards
The FASP for Nifty is listed for 01-03-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : Bearish with Negative Sentiment (Strong Down trend).
Nifty broke 17350 support which is major support in Daily timeframe which had been compromised on the close today. So we can expect more down side move in Nifty possibly 17000 / 16900
Buyers and Sellers Zones - When price breaks the zone,...
Trade plan:
Keeping above "Support Zone" & "Downward Channel", #NIFTY likely to head towards 17400 and above which 17500.
Keeping below "Downward Channel", #NIFTY likely to head towards 17200 and below which 17100.
Here are the levels for NSE:NIFTY . One can trade with these support and resistance levels. These levels are for intraday trading only and valid only for one day. This does not mean that I'm telling traders to buy on support and sell on resistance; this simply means you can trade on your own setups, or learn my setups (by dropping a comment down below) and these...
Nifty Levels for Wednesday
Buy CE above 17300 stop loss 17275 Targets of 17350 to 17400 and 17450
Buy PE below 17400 Stop Loss 17450 Targets of 17350 to17300
Buy PE below 17300 Stop Loss 17350 Targets of 17250,17200,17150.
Play at levels for good risk reward ratio look for price action at levles before entering.
DISCLIMER
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your...
Here we have plotted possible Elliott wave counts of Nifty spot chart on hourly time frame, we are assuming equality level of (W) and (Y) near 16600 levels.
Currently we are unfolding wave (Y) in which we are still in wave v of wave A near yet to complete, post wave A we are assuming to start wave B, which can just be counter trend rally, and also it can generate...
