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Nifty50

Shorting Nifty 50: Potential Reversal Signal at Bearish OBHey Traders, Thinking of taking a short ride on the Nifty 50? Here's why I'm feeling bearish about it. So, there's this Bearish Orderblock (OB) lurking around 0.30% above the current price, hinting at a market reversal. But wait, there's more! The Bearish Fair Value Gap (FVG) is also signaling some downward action, possibly even before we hit that OB. Now, let's talk strategy. Our entry point is 22343.70, a sweet spot where we expect things to turn south. And to play it safe, we've got our stop-loss (SL) set at 22637.55. As for the take-profit (TP) targets, we're aiming for TP1 at 21710.20 and TP2 at 20983.10. Feel free to cash out earlier if you're happy with your gains, and don't forget to trail that stop-loss. Oh, and here's a pro tip: keep some cash handy for dollar-cost averaging (DCA) around 22526.60. This way, we're ready to tweak our position if the market throws us a curveball. Our decision to enter the market is also influenced by Fibonacci retracement levels, particularly the presence of Golden Pockets, reinforcing the validity of our trade setup. In summary, the confluence of technical signals, including Bearish OB, Bearish FVG, and Fibonacci retracement, strengthens the rationale behind shorting the Nifty 50. By adhering to prudent risk management principles and remaining adaptable to market movements, we aim to capitalize on potential downside opportunities effectively. Note important thing: It could be that the market opens at monday and the market goes up, so we will wait a bit. Like (boost), follow, comment and share this trade idea! For the optimal TradingView experience, upgrade now to unlock the platform's full potential: www.tradingview.com
NSE:NIFTYShort
by smarttrader012
5
Again the same resistance stopping Nifty from Progressing. Again Nifty is facing the same resistance as we have seen for the last 2 days as Nifty returned from the day's high of 22521. However the support came from the expected level mentioned yesterday i.e.22346. Most important turning point on either side can be US FED Chair Jerome H. Powell speech about Economic Outlook. (At the Stanford Business, Government, and Society Forum, Stanford, California). This will give definitive direction to global and Indian markets or atleast it will have a strong effect if not give direction. The support and Resistance remain same as yesterday. Nifty Supports: 22417, 22350, 22315, 22252 and finally 22143. Nifty Resistances: Range between 22500 and 22530, 22597, 22690, 22787 and channel top will be near 22830.
NSE:NIFTY
by Happy_Candles_Investment
As Depicted Yesterday Nifty is facing a resistance zone.As mentioned yesterday Nifty is getting trapped in a mild resistance zone after making a new ATH near 22529. This resistance zone is between 22477 and 22529. It looks like Nifty needs a little bit more consolidation to cross this zone. If this zone is crossed the next resistances for Nifty will be near 22597, 22690 and 22787. Supports for Nifty remain at 22388 and 22350. The zone between 22300 and 22252 will be a strong support zone in case of a fall with Mother line support of 50 EMA at 22268 (Strong Support). Very interestingly poised is nifty with shadow of a candle little bit on the negative side.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty in a mild resistance zone after making a new ATH. Nifty in a mild resistance zone after making a new ATH. After making a new ATH at 22529.95. As it did not close successfully above the previous all time high that is 22526 it has become a mild resistance. Momentum is good for it to make a new ATH tomorrow but the resistance may act again if it is not a gap up opening above the same level. In case of Nifty not able to cross and close above the hurdle the supports will be at 22434 and 22350. 22214 to 22252 is a strong support zone as of now. Resistance zone will be 22500 to 22529. If that resistance is successfully taken down the next resistance will be near 22597, 22690 and finally 22787. Shadow of the candle is looking neutral but the momentum can be helpful.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Looking Strong But final few hurdles before making an ATH.Nifty looking strong and my rise riding on the current momentum wave but the hurdles it needs to cross (The Resistances in the way) are 22350, 22449, 22526. The New high that Nifty can make in the current bull run can be in the range of 22597, 22690, 22787 or higher. In case some of the resistance does not allow Nifty to progress further the supports for Nifty will be at 22252, 22132 and 22070. Momentum is looking good and the shadow of the candle is Positive but there can be selling pressure on FIIs and some DIIs as the election time comes near and near. Also Fresh financial year can bring fresh strategy for FII, HNIs and DIIs.
NSE:NIFTYLong
by Happy_Candles_Investment
First hurdle 22080 crossed; Second hurdle around 22180-22200.We had depicted 22080 and 22180 as 2 hurdles for Nifty crossing which there can be a bullish rally. first hurdle was crossed today ut Second hurdle in the range of 22180 and 22200 remains. Today Nifty made a high of 22193 and returned from the same area due to the resistance zone indicated earlier. Crossing and closing the week above 22200 tomorrow will increase the chances of Bulls getting into rally mode. If the resistance in the region is not crossed and Nifty does not cross and close above today's high, there are chances that some supports will be tested again. Nifty Supports Remain at: 22080, 21852, 21806 and finally 21710. Below 21710 Bears will get a firm grip of the market. Nifty Resistances: 22193 (today's high), 22301, 22449 and finally 22526.
NSE:NIFTYLong
by Happy_Candles_Investment
Trend line and deep resistance zone blocking Nifty progressThe resistance zone between 22081 and 22180 is blocking Nifty progress currently. Once Nifty closes above 22180 bulls can call shots in the market and take it further. After crossing and closing above 22180 further resistances will be near 22301, 22449 and 22526. On the lower side supports for Nifty are near 21882, 21710 and 21544. Nifty is interestingly placed for rest of the week. Shadow of the candle right now is neutral.
NSE:NIFTY
by Happy_Candles_Investment
Nifty bounced back but right now facing mid-channel resistance.Nifty bounced back but pretty well after confirming a near term bottom around 21710. right now facing mid-channel resistance. Daily closing firmly above 50 days EMA is another positive sign. Right now Nifty will face or is facing mid channel resistance which is near Friday's high of 22180. Nifty next week crossing and closing above 22180 will ensure that Nifty has closed not only above mid channel resistance but also trend line resistance which is in the same range. This dual resistance can be little stiff to cross. If it is crossed and held, next resistances will be at 22301, 22449 and finally 22526. In case the hurdle of Mid-channel resistance is not crossed the support levels for Nifty will be at 21877 (50 days EMA), 21710 and finally 21544. Shadow of the candle is neutral with positive bias indicating consolidation in the range or a further up move.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Entering a Resistance zone after a making a good comeback.After making a low of 21710 yesterday has made a good comeback in one and a half session closing the day at 22011. Now Nifty is staring into a strong resistance zone. The resistance zone starts from the high of today. i.e. 22080 and ends at 22206. This zone consists of trend line resistance and mid channel resistance as well. Closing this week above 22206 will send a strong signal to the buyers who might return enmass post crossing this level. The next resistances after crossing 22206 will be near 22301, 22449 and 22526. On the lower side if these resistances act too strongly Nifty has a support at 22080, 21868 (50 days EMA) or mother line support, and 21710 which was the recent low. Below 21710 closing if at all it happens there can be further blood bath.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty took a trend line support while trying to form a bottom.Nifty took a trend line support at 21710 while trying to form a bottom. If the bottom is confirmed tomorrow and we get a few positive candles while closing the day or week above 22042 some bullishness can return to the market. In case the level of 21710 is broken the next support level is near 21524. In case we get a closing this week above 22042. Further resistance levels will be seen at 22204, 22299 and 22454. Shadow of the candle for tomorrow looks firmly positive as of now.
NSE:NIFTYLong
by Happy_Candles_Investment
Double Bottom Kind of structure is forming in Nifty. Double Bottom Kind of structure is forming in Nifty but still it is delicately placed. If the levels of 22037 and 21912 are held which are a support zone and if the resistance zone of 50 and 200 Hours EMA which are at 22072 and 22144 are broken on the upper side we can see strength. Thus the support Zones for Nifty are at: 22037 and 21912. Below 21912 bears will strengthen their grip. The Strong Resistance Zones that Nifty needs to cross for Bulls to start taking control is the zone between 22072 and 22144. Other Resistances if this zone is crossed will be at : 22206, 22301, 22361, 22445 and finally 22525.
NSE:NIFTYLong
by Happy_Candles_Investment
Good Fightback by bulls but need a confirmation candle tomorrow.We saw a good fightback by Bulls today as the Nifty bounced back from just close to 50 days EMA but to ensure that this was the temporary bottom we need a confirmation candle to close the week. The Resistance for Nifty will remain at 22204 and 22311 followed by 22500 range. Supports for Nifty will remain at 21851, 21779 and 21614. Below 21614 again the bears will take over. Shadow of the candle today is very dull but slightly positive however as it is a weekly closing candle due to Friday bears will also try to close the Nifty in their favour. Nifty is again interestingly poised.
NSE:NIFTYLong
by Happy_Candles_Investment
Probable Support Zone For Nifty approaching. The Zone between 21905 and 21779 can be a support Zone for Nifty as it tried to make a recovery from the area near 50 days EMA which was near 21839. If by chance 21779 is broken the next supports for Nifty will be only in the region of 21614, 21284 or even 20971. Worst case scenario can be 20412 which is a 200 days EMA and the channel bottom. So further steep downside is possible if Nifty does not bounce from today's low that is 21905, 21839 (Mother line 50 day's EMA) or 21779. On the upper side in case of resurgence of Nifty next resistances can be near 22132, 22311 and 22511. It looks like recovery above 22511 will take some consolidation. Even if Nifty resurges which it will in a few days/weeks time Small and Mid cap sectow will go through a long consolidation phase. This phase will give an oppertunity to do some proper bottom fishing in these indices for the long term. In the short to medium term the index that will get the preference will be Large Cap index.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY 50 120 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support..... Tradelikemee Academy Sanjay K G
NSE:NIFTYShort
by Tradelikemee
Top 3 Intraday Trading StrategiesTo get success in intraday trading, requires dedication, hard work, patience, quick wit, and immense knowledge. Successful day trading involves 10% execution and 90% patience. To gain expertise in day trading and honing trading skills, it takes a fair amount of time. There are a number of Best Intraday trading strategies available for trading, but the success or failure of the strategy completely depends on the market. Maybe one strategy works in today’s market condition but may not work according to the next day’s market condition. Not only, does the movement of the market, but the intraday trading strategy also depends on the trading styles of the trader. It also varies at different times of the day, depending upon how the market is behaving. Here, in this post, you will find Effective Day Trading Strategies, which you can use for intraday trading. Intraday Trading Strategy : 1. News Based : News-based trading is the most traditional form of day trading. This type of trader doesn’t focus on the stock price and volume charts, they wait for information that will drive the prices. The information may come in the form of a company announcement about earnings or new products; a general economic announcement about interest rates or unemployment; or just a lot of rumors about what may or may not be happening in a given industry. Traders who do good with news-based trading , usually have some understanding and knowledge of the markets. These types of traders are not expert analysts or fundamental researchers, but they have enough knowledge about what kind of news would be in-favor or what would be taken poorly by marketers. They also pay attention to a few different news sources and also whenever they find the right opportunity, they place the order at the right time. The downside of news trading is that there may be few and far good events; more often, the hype is already built into the price by the time you watch it. Many news traders turn to the scalp while they wait for something to create a little excitement. Before you start news-based day trading, one thing you should keep in mind is that, this type of trading strategy is very risky as compared to other strategies. It also gives high returns on investment within a day. 2. Gap + B.B. (S20,2): This strategy is useful when the stock/ Index opens Gap Up or Gap Down. After the gap, the stock shows a potential reversal sign, which can observe by the place of a candlestick or by a heavy volume event. You can fade the action and go in the opposite direction of the gap with a profit target at the start of the gap. Rules: Entry between 9:30 to 10:00. Exit at stop-loss or at 3:25. Bollinger band strategy is 20,2 30- minute time frame is required. Big Profits and Small losses. No need to trade every day. Helps to stay away from the Sideway market. Example for Buy Trade: In this strategy, the stock should be open with Gap up or Gap down. The First 30-minute candle should be untouched from the lower band. As you can see in the above image, the first candle opens with a gap down and it is below the lower band. The high of 1st candle is also untouched by the lower band. Go for buy trade when the high of 1st 30-minute candle is a break. Stop-loss = low of the 1st candle. Example for Sell Trade: The stock opens with a gap up and the 1st candle’s low is not touched with the upper Bollinger band. As the low of the first candle is broken, enter in to sell trade. Put the stop loss at the high of the first candle. Note: This strategy gives best result for Nifty and Bank Nifty. 3. Morning ORB: The early morning range breakouts are also known as opening range breakouts. It is like bread-butter for many trades. The trading opening range takes skill and practice until you can turn a profit. The early morning range breakout help traders to take advantage of the violent action from the flurry of buying and selling orders when the market opens. Trading Range The first 20 to 30-minute trading range is suitable for an opening range breakout. While you start trading practice using this strategy, it is recommended to start with a very little amount of capital. The stock you select for the trade should be within a range, which is smaller than the average daily range of the stock. The upper and lower boundaries of the range can be identified by the high and low of the first 30 or 60 minutes. Early Morning Range Breakout and Volume The idea for go short on a break below or going long on a break above resistance is not as easy as you think. First, you need to understand the relationship between volume and price. Volume and Price must be in harmony. When you short or long a stock, which has happed down or gapped up it must open with heavy volume and then retrace on lighter volume (indicating a lack of buying). Which confirms that sellers/buyers are in control. Volume Is very important for every type of breakout which confirms the breakout before entry. If the stock price breaks the morning Support/resistance level with low volume, there is a high chance of a false breakout. The image below explained that high volume during a breakout is likely to push price through key resistance. In this 15- minute chart, you see that after a break of early morning resistance with high volume, the price starts increasing. Volume is very tricky so you need to be able to predict the support/resistance levels accurately in order to find out good volume breakouts and set proper profit targets. Disclaimer: The Intraday Trading Strategies discussed in this post is for education purpose only. We are not responsible for any Profit or Loss you made using these strategies. We hope that you like our blog post on Intraday Trading Strategies.
NSE:NIFTYEducation
by khushaljain023