Trade ideas
nifty or banknifty crucial update blwlast week sold gvn hope u enjoyed from 19700 to19350 now trading at 19380@ support indicate in daily chart 19300if stya blw thna mkt correction will start after lvl sell on rise must. will more in trade hrs. where 19700 strong resst. only abv mkt up side -- now eys on 19300 take support or dedcat bounce19450--500++ ya sell on rise when up side stya tuned with us for full detail.
NIFTY 50 Nifty 50 gave an impulsive one-directional movement which was not even mitigated once to make the structure look strong. However, after the recent inducements, I believe we might soon see an Imbalance fill, the move currently has slowed down due to less liquidity but the price will soon take in the search of liquidity and pierce through all the levels to rebalance the downside.
Expiry day trade idea...All the anchored vwaps are dynamic support and resitance. There is no need to draw support resistabnce zones. But do not take any trade blindly. Please combine anchored vwap lables with price action. For more confirmation you can use intraday vwap indicator with three standard deviations. Or you can add order flow analysis also. According to my observation market is imbalance in between 19755.65 to 19736.10(market doesn't like imbalances). For day trading you can use 1 minute timeframe chart also.
N:B - Gap up opening --- sold into / Gap down opening --- bought into.
Keenly watch avwap labels.
Anchored vwap in day trading...All the anchored vwaps are dynamic support and resitance. There is no need to draw support resistabnce zones. But do not take any trade blindly. Please combine anchored vwap lables with price action. For more confirmation you can use intraday vwap indicator with three standard deviations. Or you can add order flow analysis also. According to my observation market is imbalance in between 19755.65 to 19736.1 . For day trading you can use 1 minute timeframe chart also.
Nifty Futures 9th Sept 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.