Nifty consolidation near resistance and breakoutNifty today gave a powerful breakout which usually happens when price consolidates near resistance.
NIFTY1! trade ideas
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.
SGX prediction based on support resistence levelsSGX:IN1! sgx formed rising wedge till all time high sell zone and breaks it today,may reach 18300 level in no time.
watch beloe 18607.
Pre-market Analysis Nifty Bank Nifty 09 June 2023Market Recap
Nifty declined 0.49% to close at 18,634.55
Bank Nifty declined 0.63% to close at 43,995.25
India VIX declined 1.62% to close at 11.26
NIFTY 15 Minute chart support and resistance level Subject: High Potential Short-Trade Opportunity for the near term
Hello Friend's
I hope this message finds you well. I am reaching out to share an exciting short-trade opportunity that has the potential to yield a substantial return on investment.
I believe that Nifty is going to decline very soon, so be careful not to take long side positions because Nifty's chart on RSI and MACD, Volume is forming a bearish divergence. Then lighten your position and be careful
Pre-market Analysis Nifty Bank Nifty 08 June 2023Market Recap
Nifty advanced 0.68% to close at 18,726.40
Bank Nifty advanced 0.25% to close at 44,275.30
India VIX advanced 0.55% to close at 11.44
