The market has made a huge gap down opening and was flat throughout the day. now, nifty is on the support level.
It is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
#nifty50 #niftyanalysis #marketanalysis #trend.
Current Move has suggested that its about to complete its one cycle degree of move , Expect once this move is completed we will be entering a Corrective market
Look to trade this final move with proper entry and stop loss method
The trend line is a straight line that connects the minimum two price points to show the general direction in which price points seem to be going.
Traditionally, the trend is used to find the next future price resulting in, it gives the trader a good idea of the direction, in which an investment's value might move. We basically use the trend line for entry...
Iron Fly is a non directional strategy that works very well in a sideways market. I was of the view that the market would be sideways for the reasons mentioned in the video. This worked very well for the weekly expiry and it is used very often in confusing markets such as this.
This was one of my first attempts at vocally explaining strategies so I may not have...
In nifty 45min chart from 15431 to 14249 its looks like a corrective decline as of now.
If we see the internal structure of this decline then its looks like a Triple zigzag correction where,
15431-14468 1st abc
14468-15336 Link wave X
15336-14264 2nd abc
14264-14984 2nd link wave
14984-14249 3rd abc
From 14249 bounce is already started and we need to see...
Buy if Index halts or stops in the zone 14790-14810 for short term upside move 14880/14925
Sell if index halts upside in 14925-14950 with strict stops above 14985
Strictly Avoid any selling if Index crosses above 14985/15000 levels.
I have made efforts in Explaining what causes you people to take losses in the live market , and How you can avoid it by changing the Methods of entry & Exit in Mechanical
system , Hope you will find my Nifty Trick easy and safe ,
Practice before you start trading live in it
If you cannot make money while you are sleeping then probably you have to work for the whole Life
Nifty DAY Outlook – Bullish on 5 min Time Frame
Market’s Next Key Levels –
R1: 14609-14665 R2:14787-14806
S1: 14458-14403 S2:1310
Points to Look Out –
1. Bond Market.
2. Global Market.
3. Rising Covid...
My analysis-based prediction for Nifty 50.
Disclaimer: I, Anurag Gupta take no responsibility for you taking a trade based on my posts. The views expressed here are my own, the analysis could be completely wrong and these posts are only for educational purposes. You are solely responsible for anything you do based on my posts.