On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Nifty & Banknifty expected move for tomorrow
Broke the trend line and moving downside... any gap down /further downside levels should be bought it
Nifty 21500 levels support
Banknifty 47200 levels support
Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Possible Broadening Pattern
📌 Symbol/Asset: GIFT NIFTY
🔍 Description: Gift Nifty is might be making Broadening Pattern and we can see support around 21100-21200 range
Then Index can bounce upto 22300-22500 levels.
And Finally if Resistance is not broken then we can see huge fall of 2000-2500 points !!
Keep...
Nifty is sideways to Bearish. It may creates Liquidity for upside movement. So It may first may run lower and consolidate and then go the upside. View may change after price action and data may change.
This is purely based on my personal view about Nifty 50 Jan Fut.
WE might see dip probably till 21497 but possibly it will again bounce back. Nifty Future might achieve target of 22400 level by 12th Jan when it will complete 55 trading days cycle.
so 12th and 14th Jan becomes important dates to observe for positional downside till 04th Feb
Then bounce back...
NIFTY* - CMP 21861
Monday expected some correction
21784 levels and then 21683
It should be buy on dip
Any panic selling can test 21532 levels which is good buying zone
Bullish only above 21939 and for this large cap stocks needs to perform well on Monday
RANGE FOR NEXT WEEK
21532-22095
It is very difficult to trade in all time high near monthly expiry .I generally avoid today. If Nifty consolidate near yesterday high and R1 pivot .Then Breakout either side . I will go that side. Initial balance is my range.
Nifty formed a very bullish pattern after 3-4 days of consolidation near ATH.
Now, expect good expiry closing tomorrow.
I am bullish for tomorrow closing, any dip near 21600 is buying opportunity
EXPIRY TRADE : Nifty 21650 Call CMP 82 , if comes near 30-35 good buying opportunity with target 80/100/120/150/180/225++
Nifty Future Targets : 21800/21923
Bearish...
DECEMBER WEEKLY TGT
NIFTY Futures :
Above 21314 expect to be bullish for rest of the days for this week, targets 21474/21600/21727++
Below 21314, nifty to remain bearish , targets 21217/21100/21060/20800
BANKNIFTY Futures :
Above 47777, bank nifty to remain bullish , targets 48000/48273/48800/49069
Below 47500, banknifty to remain bearish, targets...
Nifty on Friday closed on bullish note. However, Banknifty formed a bearish setup
On Monday , if nifty Futures trades above 21450 and sustains expect 21680 to test and possibly 21800++ before end of December 2023
On downside, if trades below 21285 expect 100-300 points correction
21100/21021 target
RANGE 21000-21800 for next 3 days
Short trade can be entered on daily close below 21160 with target of 20270 and stop loss of life time high.
Target should be achieved in 4-5 trading sessions once entry is confirmed
Profit booking took place near 21600 levels
Now , on expiry expect this to hit levels
If Gap up - sell on rise ( Orange line)
If Gap down - 21050 CALL will give jackpot CMP 105 ( Blue line)
buy near 35-40
