nkspro

nkspro Updated 

Nifty broke the downtrend channel on the downside but managed to close inside the downtrend channel again, travelling in a smaller retracement channel. But it did not show strength to take a long trade next week. So, I will be shorting as per the plan shown on the chart and if Nifty does not behave as per my analysis, I will either not take any trade or take a SL...

nkspro Updated 

Nifty is still in the same bearish channel, last week Nifty did not work as per my analysis so I cancelled the trade. Nifty is again giving opportunity to go short. I will short on a bounce near mid channel and keep strict SL of no more than 20-30 points above it. The target can be channel bottom, hence I may carry the same trade till next to next expiry, if SL is not hit.

nkspro Updated 

I have been on leave, so no trade last week. We can clearly see Nifty in downtrend and it is yet to touch channel bottom. If there is flat opening or gap up, we can easily have 1:2 or better RR short trade next week. If there is gap down, I will wait for retracement. If Nifty breaches resistance level, I will take SL. I will not take any bullish trade next week...

nkspro Updated 

Last week trade hit SL and Nifty gave breakout. I will wait for retest and go long for the next week. Target can be big but for this week, I will book at 18200. I will not go short unless Nifty 1 day candle closes below the breakout trendline. Thank you!

nkspro Updated 

Nifty is still in the same downtrend channel and it is near top of the channel. Hence. for me the best trade will be to short when Nifty touches the channel top. If nifty falls below the support trendline, I will again short for same target. If nifty behaves some other way, I will simply avoid taking trade. And no matter what, no more than 20 points SL. Thank you!

nkspro Updated 

Chart is self explanatory. Nifty is in a downtrend channel. It crossed the resistance yesterday and closed above it. The best trade for me would be to buy near resistance if nifty opens gap up and retest, or short below resistance if nifty opens gap down and retest. I would only take the trade if I find Nifty near the level else will avoid this week. Thank you!

nkspro Updated 

Nifty is in downtrend. Chart is self explanatory. I will not take bullish trade, even if market rallies 500 points. If Nifty breaches lower resistance, I will short at upper resistance zone for just 100 points. If market does not breach lower resistance and starts falling, I will carry my shorts till the target at lower level near 17250-17300. Always take trade...

nkspro Updated 

This is monthly expiry of Jan 2023. The chart is self explanatory. It clearly shows that we need to be neutral and depend on what price action Nifty shows on Monday. I will go bullish if Nifty breaks trendline and retests. And I will go bearish if Nifty rejects the trendline. So, I will keep a very strict SL and will only trade if i find Nifty near the trendline....

nkspro Updated 

I have been on a good long leave. Let's look at the chart on 15 min. Nifty has been in downtrend for long and now it is in consolidation. We can get a good breakout or breakdown depending on where Nifty trades this week. My trade plan is pretty clear. I am bullish in Nifty this expiry but if Nifty decides to break the support, we can get a superfast 17200 level,...

nkspro Updated 

Chart is self explanatory, we can take two trades this week and both of them can be good trades. Nifty broke bearish channel and is now moving in bullish channel. But if watched closely, it is actually a bearish flag channel, hence I have more conviction in bearish trade. But Nifty will have to complete flag before any breakdown or breakout, hence both trades can...

nkspro Updated 

Nifty has broken bearish channel and became even more bearish. It is approaching long term resistance that was broken on Oct month end. People will shout bloodbath and what not, but never lose your cool and stick to what you analyse or what you can clearly see. If you are not sure, simply let the market form some price action. And the present situation is similar....

nkspro

This is just a normal analysis on what to expect ahead. As seen in the chart, Nifty has reached an important level and is ready to either breakdown below 18090 (say SL of 18050 for Long trades) or give a flag breakout which will drive it to 20k+ level. Please also see my previous long term analysis. I just thought it is important to have a view of what to expect...

nkspro Updated 

Nifty has turned bearish and left the previous bullish channel that I had traded last two weeks. Now, we can see Nifty is travelling in a downtrend channel. People will say there is a bullish opportunity and that too is okay. But in a downtrend, I will prefer bearish trades. Here the chart is self explanatory. I will first take a bearish trade near the channel...

nkspro Updated 

Nifty is still trading in the same channel that I had posted from last 2 weeks. Nifty has breached midline of channel and is now trading in the lower part, but the downside has not completed. Now, for me the best trade will be to short Nifty when it retraces to midline. Again a SL of 20 points will suffice. If Nifty goes above midline and takes my SL, I will not...

nkspro Updated 

Nifty broke the November channel as can clearly be seen on the chart. The best trade I can see is to go long for a target of 19024, which will be 1:2 Risk Reward trade for the next week. I will take a bearish trade for the target shown in chart only if Nifty drops and closes in the channel again. Thank you!

nkspro Updated 

Nifty is moving in uptrend channel. I am here looking at the best scenario that might give a good RIsk to Reward. I can go long till 18660 as Nifty has already retested breakout but risk reward will be screwed. Hence, best trade according to me would be to wait for 18660 and go short for 1st target 18445 and 2nd target 18365. SL will be max 15-20 points if we...

nkspro

Well, this is the first time I am sharing my idea. This is not a recommendation for any trade, and I would advice against trading F&O using such long term views. This is simply my view for long term investment. The Chart is quite simple to understand, Nifty can clearly be seen in a long term channel, it then took a very long time to give a flag breakout. If Nifty...