Nifty daily analysisIf market opens sideways and slight gapup then chances of market going up is high.
we can buy at breakout of previous day high
if market opens big gapdown and started going down then only we can try for selling
Niftytradesetup
Nifty My-Levels for 19th June 2023This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
NIFTY 50 BEARISH MOMENTUM STARTED AS PREDICTED YESTERDAYI posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join the ride now at 18775 area with 3 possible Take profit areas
TP 1: 18721
TP 2: 18635
TP 3: 18556
SL: 18810
use proper money management and this analysis is for educational purpose only and not a financial advise.
NIFTY 50 BEARISH MOMENTUM CONTINUESNIFTY 50 made a bearish reversal yesterday from 18790 area after taking liquidity grab from daily and weekly resistance of 18780. I have been predicting this trend reversal from last two days and yesterday we successfully hit our first profit target around 18721 which we documented (link below).
This idea is a continuation of our previous predictions and we are still bearish for NIFTY 50. The current bull run from 18670 to 18780 seems to me as market manipulation by big players to hunt more volumes. so those who were still bearish trade with us from yesterday can add more lots at current price if they wish at current price of 18780 with below possible take profits and stop loss area
TP 1 : 18635
TP 2 : 18556
SL : 18811
use proper money management and this analysis is for educational purpose only and not a financial advise.
nifty possible go down side from tomorrowAs we can see on the chart, the nifty has taken a lot of supports on one trendline and is almost about to break, and as we can see in today's market, bullish people entered and took the market as low as possible, so if they maintain this downside trend, the market will fall starting tomorrow(16/6).
NIFTY : Levels for 14th JunNIFTY levels
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal view only.
NIFTY Analysis??observations::
Price closed @ Supply zone.
previously A strong fall is observed from this place...
In this zone price is again showing consolidation and moved up.
If it is a Accumalation + Manipulation = Only Dstribution is left.
if tomorrow price falls below the demand zone, then will go for sell on retracement to below levels.
Is it 15th today? Again?2 months duration a cycle extends to usually, 15th is the time when momentum shifts and 5th day is the day velocity stops and moves backwards. By this theory today's ignition will take Nifty back to 18500 but do not forget the rally to the 19000 levels is yet to come and would be dreadful for bears.
NIFTY 50 all set to fallNIFTY 50 is currently trading around 18727 and has reached at major Daily and Weekly resistance area and current price action doesn't show any signs that it break break the resistance so my idea is it will be bearish during this week. Below is the possible sell opportunity
Sell around 18727
STOP LOSS: 18803
TAKE PROFIT 1: 18559
TAKE PROFIT 2: 18383
use proper money management and this analysis is for educational purpose only and not a financial advise.
18768 to 18778 proving to be resistance once again. The Ten point range between 18768 to 18778 proving to be resistance once again. Nifty however closed above the strong support of 18728. Other supports for Nifty are 18656 to 18639 zone (Strong Support). Below this area Nifty has support only near 18555, 18465 and 18417. Resistances for Nifty on the upper side if it crosses the zone of 18768 to 18778 are near 18831 and 18887.6 (Previous All Time High).
nifty possible go down side from tomorrowI did an analysis on the 5 minute chart frame and its falg and road pattern, and nifty also gave a retest, therefore according to my analysis, nifty will open gap down on June 15th.
The information and publication are not meant to be,and do not constitute,finacial,investment,trading, or other types of advice or recommendations supplied or endorsed by tradingview.
Nifty daily analysisMarket has become bullish
Buy above 18720.
Sell only in case market opened with a very huge gapdown and after 15 to 30 min starting trading with bearish price-action
Nifty Trade Setup (13-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Head & Shoulder pattern on higher time frame of Nifty. If nifty respects this pattern then we can expect good move downward.
On Upside Resistance is at : 18660,18777.
On Downside support is at : 18550,18500, (If market respects pattern then 18400 last support.
From last week all indices are range bound and not good for directional trades setups.
For Trade Setup today:
1.) Will buy if break and sustain above 18660 for target of 18720, 18750.
2.) If price breaks down and sustains below 18550 ( Neckline of Head & Shoulders pattern ) then will short for target of 18502, 18460.
No trades if gaps and if there is no clear movement or there are overlapping candles.
Nifty daily analysisMarket again has come to decision making zone.
From here market can go up or down both.
18640 for buying breakout
18590(sell small qty)/18560(sell full qty)
Nifty My-Levels for 13th JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
FIBBONACI RETRACEMENT CONFIRMATION ON NIFTYAs it can be seen on the NIFTY chart, a Fibbonaci retracement plotted at swing low & swing high gave us an ideal zone to retest NIFTY levels which acted as a support and we saw an up move from 0.618 levels. A move from 18648 level to 18691 was observed.
Nifty Trade Setup (12-06-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Trade setup for tomorrow:
1.) If opens flat and takes support at trendline then will buy for target of PDH. If it breaks trend line and 1st support then will short for target of next supports ( 18470, 18450)
2.) If gap up or down then will trade only after clear setup. look for support or PDH/PDL as resistance and once good setup is formed i will trade.
Go long Go Blue. It might be a gap up/down morning tomorrow, but all we traders need to think is should we ignore the reversal pattern that erases bearish momentum at each interval since past 3 months, yeah because this will be the choice in front of you to decide whether we support the narrow lane of downside or enjoy the swift train which has stations above 19000 levels.
NIfty for sell side if 18490 break - touch to 18000NIfty for sell side if 18490 break - touch to 18000......................
NIfty for sell side if 18490 break - touch to 18000
Nifty daily analysisIf nifty opens sideways and breaks downward than we can sell in full quantity on breakout.
If nifty opens gapdown then reduce some quantity and sell on lower side breakout of 5 min candle
if nifty opens gapup then no trade
NIfty MylinesThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Nifty Weekly Analysis for Jun 12 - 16🔍 Analysis on Nifty for the Upcoming Week 🔮
Jun 12 - 16
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 18250, 18530, 18535, 18660, 18775, & 18885.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional market, potentially characterized by a sideways pattern.
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 18780, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18530, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
Nifty daily analysisIf market opens above 18700 and then give breakout after consolidation, we can buy.
Nifty is not good zone for sellling. We can enter banknifty for selling if market opens with big gapdown.
