Nifty FutureSome Big Daddy has been going Long since 19000 odd on Nf and has ensured that each and every Next Day opening has been a GAP UP. Inspite of FIIS selling each and every day the market has recovered 50% losses since High. So what is happening ??????????? It is not the FIIS who are in control, but the PROS...... They have seen the opportunity of Fiis selling 7700 crores at 19000 and seized this to go LONG and compel FIIS to sell even further each and every day thereafter. A Long as 19385 NF stands today............ BUY THE DIP into THURSDAYS EXPIRY. Two zones of 19280 and 19385 will act as SOLID SUPPORTS on NF for NOW.... and a follow up above 19455 will take the Index Higher
Trade ideas
Inside Bar NiftyA masterchart for Nifty for this coming week in my watchlist.
As per the Inside bar (keeping the strict rules away), a buying opportunity above 19178-80
Targets are 19322-20, 19355 and 19470 with SL below 19075.
On the contrary, price failing to break the buying point, it will continue the bearish sentiment below 18954 with targets 18825, 18680 and 18660.
PS:- Using B-adj chart.
Nifty: Short-term downtrend, but primary uptrend intactNifty is currently in a short-term downtrend (green trend line), but the primary uptrend (white trend line) is still intact. This means that the overall direction of the market is bullish, but there is currently some corrective selling happening.
To confirm the direction of the market, traders should wait for a breakout from the short-term downtrend. A breakout above the green trend line would be a bullish signal, while a breakout below the black trend line would be a bearish signal.
In the meantime, traders should be cautious and avoid taking any fresh long positions. They can also consider booking profits on their existing long positions.
Trading strategy:
-Wait for a breakout from the short-term downtrend before taking any fresh long positions.
-Book profits on existing long positions.
-Be cautious in the meantime.
nifty future, 19500 or 18700/600??? whats the target?NSEIX:NIFTY1! after succesfully bouncing back from the 18800s, the nifty future has come to the breakdown level again, now what we need to check is that if this this is going to be the retest and countinue the fall further towards the 18700/600 zone or we get the succesfull breach of the current red zone for retesting the psychological level of 19500.
remember, the zones breaks only when we bet a candle clossing below or above the zone.
Nifty FutureHow I see NF going forward............... You have to be extremely careful in the ZONE marked between 61.8 and 78.6% retracement of the entire RISE/FALL from 20200 odd to 18846 odd. I would be cautious at even getting to 61.8% retracement. This does not mean by any standards that Nifty will not go up further...................... BUT......The POSSIBILITY of an AB exists to make a Lower LOW below 18846 , so be careful. Its is better to Loose a few hundred points than be caught on the Wrong foot for a few thousand points. CAUTION
nifty or bank nifty crucial update--blw eys onBank nifty eyeson 43700 if sustain abv or close abv than nxt up side 44000-44500++++ on this week where support 43300-43100 only blw may be reversal till 42940--810+++ over all abv 43700 looks up side ------ same as nifty 19400 if hold abv or cls than will see nxt rally 19480-550++++ or may be19700 till Diwali where support 19270@ only blw will create dwn 19210-140++++++
NIFTY FUTURE followed the zones perfectly, time to fly back???NSEIX:NIFTY1! as mentioned in previous prediction, nifty future dropped as soon as it broke the buy zone, now nifty future can shoot upside in a blink of an eye as selling pressure will vanish and buyers will flood the market. if nifty future breaks and sustains above the green box, it will hit the upside target before next weekly expiry.
Bullish Harmonics In Nifty Be CarefullBullish Harmonics
1. Bullish Cypher - PRZ - 18951
2. Bullish Shark - PRZ - 18818
SL - 18666 ( Day Closing Basis )
Bullish Cypher Target - 19450 / 19600
Bullish Shark Target - 19375 / 19550
3. Bullish Alt Shark - PRZ - 18493
SL - 18300 ( Day Closing Basis )
Target - 19174 / 19385
Nifty FutureI preferred to post the NF chart rather than the NS chart from a Traders point of view. You MUST co relate the NF chart to the NS chart and all the levels will be clear going forward. I think this coming week will be pretty BRUTAL for the Indian Indices..... with levels of 18700-18760 possible to the downside. Position yourselves accordingly.
To see the Levels..... just take your cursor and place next to the lines drawn. ull get those levels
Nifty
Price at the candle of 11:22 a.m. yesterday created a support for Nifty. There is no special candle for Indian market today, however, if your chart shows continuous price levels of nifty for 24 hours then
11-2-23 5:05 AM
mark high and low of this candle for further support and resistance.
The level of price at this candle has been marked at the chart. This should be taken as support, if not broken and swing levels have been marked on the chart.
NIFTY 50 FUT | 02 NOV 23AS WE CAN SEE THAT NIFTY HAS TAKEN MINOR REJECTION FROM GOOD UPTREND,
So ACCORDING TO ME THEIR ARE NO SUCH GOOD TARGETS FOR UPSIDE AS IT HAS CREATED SO MANY SUPPLY ZONES<
REMEBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION.
ADDING MY ANALYSIS LEVELS FOR 2 NOV,23 BELOW FOR NIFTY FUTURES:
LONG PLAN >>>>> 🐂
- 19111 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL)
- R1: 19155
- R2: 19199
- R3: 19233
SHORT PLAN >>>>> 🐻
- 19020 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL)
- S1: 18977
- S2: 18922
- S3: 18866
PLEASE FOLLOW FOR MORE REGULAR UPDATES.
QUOTE FOR THE DAY :
“The market is a device for transferring money from the impatient to the patient”
– Warren Buffett
📌📌📌📌📌
Disclaimer -
I am not SEBI Registered Research Analyst or Investment Advisor.
All Information provided above are just for Education purpose only .
They are not buy/Sell Recommendations .
Please consult your financial Advisor before taking any trade or investments.