Pre-market Analysis Nifty Bank Nifty 20 June 2023Market Recap
Nifty declined 0.37% to close at 18755.45
Bank Nifty declined 0.69% to close at 43633.75
India VIX advanced 3.55% to close at 11.23
NIFTY1! trade ideas
Nifty futures current regression channelNifty fut is moving a rising regression channel post the gap up from 26-May-2023
Nifty moving in a rising channel in 75 min TFNifty is moving in a rising channel in 75min TF and currently near higher end of the channel.
Buying on dips should be the strategy till the uptrend is in place.
Nifty Futures 19th June 2023Nifty has given an excellent close on the previous trading day. We do see a strong support and volumes at the 18860 to 18880 levels.
Lets see how the day opens on Monday another strong support is the blue rectangle. Price action should be watched at these supports and a decision taken accordingly.
Will try and give some live market updates.
Keep following to understand the significance of these lines drawn and how and why these lines are very important.
Please go through the previous charts and check the price action and how these lines responded vis a vis the days opening.
Nifty consolidation near resistance and breakoutNifty today gave a powerful breakout which usually happens when price consolidates near resistance.
NIFTY FUTURES 16th JUNE 2023It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above.
Keep Following for LIVE UPDATES
Nifty heading towards gap zone -Nifty is heading towards gap filling zone and can probably fill the gap zone.
Nifty Levels for 15th June 2023It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above.
Keep Following for LIVE UPDATES
Pre-market Analysis Nifty Bank Nifty 15 June 2023Market Recap
Nifty advanced 0.21% to close at 18755.90
Bank Nifty declined 0.21% to close at 43988.00
India VIX advanced 0.47% to close at 11.16
Pre-market Analysis Nifty Bank Nifty 14 June 2023Market Recap
Nifty advanced 0.62% to close at 18,716.15
Bank Nifty advanced 0.31% to close at 44,079.85
India VIX declined 1.20% to close at 11.11
Nifty Futures 14th June 2023I have posted enough Charts here for one to see how the price responds at the lines marked.
We can go down to lower Time frames of 5 min and 3 min to study the price action .
It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be.
The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement.
Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting.
14 hours ago
Comment:
If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above.
SGX nifty futSGX nifty cmp 18826
SGX nifty index registered high of 18831 today and 18860 in last week.
Last week was not able to close above 18779 levels,
As per wolf wave formation , index in last phase of up move, where index might face resistance around levels of 19000-19100 levels.
As per pre assumption of harmonic pattern formation, leg c of pattern is already matured, and any reversal below 18779 would lead to formation of led D which would extend much lower around 17800-16800-15800 levels.
Whole view gets negated on closing basis above levels of 19300,
Below that we have 75-80% chances of falling sharply.
Bulls time to be cautious.
Pre-market Analysis Nifty Bank Nifty 13 June 2023Market Recap
Nifty advanced 0.21% to close at 18601.50
Bank Nifty declined 0.10% to close at 43944.20
India VIX advanced 1.12% to close at 11.24
Nifty Futures Levels 13th June 2023I have posted enough Charts here for one to see how the price responds at the lines marked.
We can go down to lower Time frames of 5 min and 3 min to study the price action .
It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be.
The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement.
Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting.
Good News SGX nifty Near Breakout At 12 am SGX nifty is Near Breakout , making Assending Triangle Chart Pattern
If Breakout will be successful Next Target for SGX nifty is 18750
If Breakout will be successful Nifty will Open Gap up Tomorrow 13 Jun 2023
If Breakout will be successful Short term Down Trend will Change .
Plan Tomorrows Trade Accordingly
Pre-market Analysis Nifty Bank Nifty 12 June 2023Market Recap
Nifty declined 0.38% to close at 18,563.40
Bank Nifty declined 0.01% to close at 43,989.00
India VIX declined 1.22% to close at 11.12
Nifty Futures 11th June 2023I have posted enough Charts here for one to see how the price responds at the lines marked.
We can go down to lower Time frames of 5 min and 3 min to study the price action .
It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
Constant visualization and practice makes one familiar with what type of price action can come and what type of the day it can be.
The dotted lines can be tagged by price as these are untouched area where price can probably reach depending upon upward or downward movement.
Further studying the OI and unwinding on either side can help in deciphering a directional move. Along with the charts the study becomes more interesting.
Nifty multitime frame analysis Nifty at crucial level at the time and the formation is double top at all time high if nifty breakouts the high then we will see new bulls trend either breakdown the double top neckline the we will see a 15-20% retraces
Wait and see
Bearish Engulfing Nifty There is candlestick pattern in daily chart called Bearish Engulfing where complete bullish covered by bearish candle.
Short nifty for 1:1 RR
SGX prediction based on support resistence levelsSGX:IN1! sgx may hit 18500 /18400 zones if breaks below today's low and gives candle close on 4 hour time frame.
