Trendlines decipher the trend in a simple mannerPost change in polarity of the falling trendline, Nifty has been taking support on the rising trendline.
NIFTY1! trade ideas
Pre-market Analysis Nifty Bank Nifty 07 August 2023Market Recap
Nifty advanced 0.70% to close at 19517.00
Bank Nifty advanced 0.82% to close at 44879.50
India VIX declined 5.48% to close at 10.57
Nifty Levels for 7th AugustNifty primary trend is Negative
Watch levels upside and downside and trade accordingly
Kindly follow if like my idea
Wait for a week to execute an 1000 pt up swing long tradon NiftyAfter 2 weeks of bearish move Nifty may take a cool off session for another 12 to 16 days.
when it breaks the recent high 19646 we can expect a sharpe correction to bounce back to take off 20100 mark by September 3rd week. This could be 1000+ points ride expected based o n my analysis. Pls do your own analysis before taking any of your trade as this is only for education purpose only.
Nifty as of nowHow NSE:NIFTY1! looks like going forward?
Weekly
(-1) This week's close is lowest of last 4 week. There was a red doji last week. Which gets clear confirmation on this week's closing.
(-1) Weekly volume is highest of last 4 weeks.
Daily
(+1) Nifty comes back to the uptrend channel with bullish kicker candle formation.
(+1) If you follow BB and EMA divergence - there is a bullish reversal signal came. (Buy above 19600 with SL: 19475)
(+1) Volume is considerable.
(+1) Volume profile shows good volume price range b/w 19450 and 19800.
(+0) EW will say (Assuming 26th June is the start) you are in completion of 2nd correction wave, but yet to be confirmed as there is no bullish divergence yet in RSI.
(-1) Since start of April, this is the first time it creates a lower high lower low.
So overall:
weekly negative (-2) and daily positive (+3).
Resistance : The Fib levels show 19650-19700 is the golden zone where Nifty will face steep resistance. Then is 19800 (last swing high)
Supports : 19350 (strong support), 19275, 19000
Best way to play : Go long around 19375-19350. Go short aroud 19650-19700.
Pre-market Analysis Nifty Bank Nifty 04 August 2023Market Recap
Nifty declined 0.74% to close at 19,381.65
Bank Nifty declined 1.07% to close at 44,513.45
India VIX declined 0.82% to close at 11.19
Nifty Futures levels 4th August 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
Nifty 4th August LevelsNifty trend is Negative
Mentioned levels with Profit booking and Shortcovering
Watch level carefully
Nifty bearish trends begin**Previous High Rejected
**Previous Low Break
**Higher High and Higher Low pattern Begin
**Below 19900 you may go in a short position with SL 20000 Level
Pre-market Analysis Nifty Bank Nifty 03 August 2023Market Recap
Nifty declined 1.05% to close at 19,526.55
Bank Nifty declined 1.31% to close at 44,995.70
India VIX advanced 9.68% to close at 11.28
Nifty Futures 4th Aug 2023he price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
NIFTY
Trend Line breakdown is witnessed.
Negative Divergence on RSI Seen earlier.
MACD trigger averages.
Swing top has been formed earlier with lower high and lower low.
Bearish candle observation seen in last few days.
Pre-market Analysis Nifty Bank Nifty 02 August 2023Market Recap
Nifty declined 0.10% to close at 19733.55
Bank Nifty declined 0.13% to close at 45592.50
India VIX declined 1.25% to close at 10.28
Nifty Futures Levels 2nd August 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
Pre-market Analysis Nifty Bank Nifty 01 August 2023Market Recap
Nifty advanced 0.55% to close at 19,753.80
Bank Nifty advanced 0.40% to close at 45,651.10
India VIX advanced 2.74% to close at 10.41
Nifty Prediction for 1st August/Mild PositiveTrend is mild positive in Nifty
Careful about levels
Let them break and sustain upside or downside then enter into trade
Nifty Futures 1st August 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
Pre-market Analysis Nifty Bank Nifty 31 July 2023Market Recap
Nifty declined 0.07% to close at 19646.05
Bank Nifty declined 0.46% to close at 45468.10
India VIX declined 3.59% to close at 10.14
Nifty Futures 31st July 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED VIDEO ANALYSIS ON MY CHARTS.
NIFTY AUG Future UpdateAs Per Technical Analysis Looks Like Nifty Will face Resistance Near 19850-60 Level and If its break then ill take long Entry But if its breaks Support Level of 19630-20 Then ill take short Entry,
This Levels are base on Daily charts Intraday Levels will be posted Timely.
Watch Below Mention Option Strikes.
Exp 3 Aug 2023
CE Side 19700,19750,19800
PE Side 19700,19650,19600,19550
Before Taking Any Entry Do your Own Analysis.
Only For Educational Purpose.
Thanks and Regards
Ajay Metha
Pre-market Analysis Nifty Bank Nifty 28 July 2023Market Recap
Nifty declined 0.60% to close at 19659.90
Bank Nifty declined 0.83% to close at 45679.30
India VIX advanced 0.53% to close at 10.51
Nifty Trend for 28th July----Trend is Mild NegativeNifty trend is mild negative
Watch out levels for trade.
