SGX Nifty indicating opening near 17400, expecting volatile expiry trade cautiously with small qty.
Expectations for Today: Volatile day.
Buy Above - 17400
Sell Below - 17300
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InvestPro India Team
Nifty will be gap up opening in today's session. After opening nifty sustain below 17400 level and then possible upside rally upto 16550+ in today's session. in case nifty trade below 17300 level then short target can go up to 17150 level.
NIFTY Intraday Trade Setup For 6 Oct 2022
T-17365 17472 17525
T-17175 17115 17060
NIFTY has closed on positive note with 2.29% gain. Index opened and sustained itself at higher levels. The hourly range (17200-16740) was broken yesterday. We planned for a directional move above 17200 , expected target is...
Resistance Level: 17282.95
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are sustaining or break below support level , we can expect downside move...
First of all let me cleat that the view is completely for educational purpose.
My view can always go wrong. Just take my ideas as a learning, don't trade...better just observe.
I am sharing Nifty chart on 2 Day time frame.
My view is that we still have some downside pending as per what I can see on the charts.
Charts been shared with you..as always I am using...
As we can see NIFTY has finally broken out of its range with strong volume and we can expect a further bull run coming in here of over 300 points but level to keep into watch is 17500 as NIFTY broke down from this level which acted as a neckline to head and shoulder pattern and is also an psychological level hence we can expect nifty to reject from these levels if...
The global market indicates a positive start. Market nature is bullish to slightly bearish. if the market forms a solid opening structure, we will expect the rally continuation. Minimum, it will reach 61%. On the other hand, On the other hand, if the market rejects sharply from 50% to the ext level, it is a sign of 5th correction wave. We will expect min 38 to...
Nifty current position is LONG bought on OCT 4 2022 @ 16982 and action for OCT 06 continue LONG and
reverse to SHORT if NIFTY Closes below 17168
All are NIFTY OCT FUTURE Values.
Performance of Trades since SEP 14 2022
Entry Action Price Exit Price Profit/loss
SEP 14 SELL 18047 SEP 20 17775 272
SEP 21 BUY 17775 SEP 23 17562 (-212)
SEP 23 SELL 17562 SEP...
These big candles indicating that price is at supply zone in higher TF
Price failing to breach these levels and go up
Even though price is again and again going back to its supply zone
1) It is creating lower lows in lower time frame
2)Getting rejection from 0.786 Fib levels in intraday
All the levels are mentioned in the chart
what the price comes there all...
#NIFTY UPDATE (W)
PRESENT RANGE IS 16580 - 17539
#BreakOut / #BreakDown of this range on WCB needed for further trending move on either side.
50 WMA - 17083 might act as support going forward. Below that 16580_16800 zone should be watched closely as its the #BreakOutRetestLevels . Failing to hold will push index towards 16245/15160_15295 zone.
On the flip...
What a beautiful trading day it was, day before yesterday. Where we had witnessed a beautiful closing in Nifty, which was exactly at our stated Crucial Resistance level of 17270.
Well for now, we are here with another immediate level of Support for Nifty, i.e., 17170 on closing basis, followed by the level of 16940 once again. Moreover, for today we are...
All the levels and details are mentioned on the graph itself
Market is in the range of 90 points
If at all we get a breakout on either side we can see some quick momentum.
The Arrows on either side indicate where bulls and bears are trapped.
When the breakout happens trapped people need to cover their position which can cause some momentum.
In my opinion...
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 financial...
06 Oct 2022.
1. US, Europe and Asia are all in downtrend. last two days rally may fizzle out as no strength is seen in the market.
2. India VIX is at 19.57 which is below 20 indicating bullishness.
3. SGX Nifty is indicating 160 uptick at 17457.
4. This Brings nifty to crucial resistance of 50 and 20 SMA confluence. however it has sp at 17400 which is 0.236...
Nifty levels for Tomorrow..
Expectation : BULLISH until 17480
Nifty likely to Open with Small Gap Up around R1 Resistance. If Sustains above R1 17335 we can expect BULL BO 17368 and Target 1 levels will be tested. Any rejection around R1 - 17335 Nifty will come and CPR / test 17250 Support zone .
We can look for possible long entry above R1 (or) CPR...
I have marked out an imaginary 5 waves UP which MUST PLAY OUT.... if Not Something is Terribly WRONG. The Other Liberty I have taken is to Construct an IMAGINARY LEADING DIAGONAL ( marked in RED ARROWS). I have merely done what I see on the SGX future chart. It makes Me believe that for now... Nifty """ MAY""" get stuck in a Leading Diagonal and FALL OFF THE...
NIFTY 50 Analysis based on Elliot Wave Theory
1) 5-April-2022 to 17-June-2022: NIFTY 50 formed a 5-wave bearish impulse wave down from 18,100 to 15,175
2) 19-June-2022 to 13-Sept-2022: NIFTY 50 formed a 5-wave bullish impulse wave up from 15,175 to 18,075
3) 18-Aug-2022 to 13-Sept-2022: Waves (4) and (5) of the 5-wave bullish impulse wave were also the...