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Nifty Trade setup for 25th Nov. 2021First of all, I want to apologize for not sharing any morning analysis from a couple of days. I have taken a small break from my morning activities because of some health issues. Let's talk about the market sentiment first. Today, I have shared two charts in the daily time frame and the second in the hourly time frame. Both show negative sentiment. I shared my long-term view on Twitter a week ago when the price was trading on 17,900, and given the first target is 17,300, and it's hit in a week now, we are heading at 16,650, but We need to wait for 17,000 to break. Intraday for 25th Nov. Monthly Expiry ================================= India USD and SGX both are trading on a negative note; the Current CMP is 17,369, 40-45 points below our market. A Flat or a small gap down is accepted. Key Resistance is 17,600 Intraday Resistance is 17,500 Key support is 17,260 Intraday support is 17,370
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by CodeViser
Nifty Trade Setup for 08th Nov. 2021s3.tradingview.com Good Morning, Everyone. I hope you guys have enjoyed this long weekend. Now time to go back to work. First, Our Market has been closed Thursday and Friday sessions, but India USD and Sgx are both open. India USD is trading on 17,987, which is a clear sign for a gap-up opening. I did some analysis yesterday and found that the IT and Auto sector can lead nifty in this week. I Have posted two charts and tried to explain the current market scenario. We can see a short-term uptrend in the 15-minute time frame. 18,035 is the Harmonic PRZ area, which is confirmed as resistance in a 2-hour time frame as well.18,035 is a critical level in the Intraday can accept a short-covering move on breakout Key & Intraday Resistance : 18,035-18,050 Intraday Support : 17,900 Key Support : 17,750 Trade accordingly
NSE:NIFTY
by CodeViser
Nifty 50 Intraday Trade Setup for 01st November 2021 Good Morning I hope you guys had a great weekend We were closed on Friday at 17,671, which was almost 1.04% negative from the previous trading session. The index looks weak here and can correct more in the upcoming days. FIIS profit booking is continuing, and this is the main reason for a current downfall. Over than 63,000 crores Cash out from the market, which is a considerable amount. The main question is, what is our trade setup for today and in the upcoming days. Let's talk about the Important Levels. Resistance 1 : 17,950 Key Resistance : 18,050 to 18,100 Key support : 17,650 Today Trade setup =================== India usd and sgx nifty has recovered in the Friday trading session after our market and managed to close at 17,796, almost 100-120 points up from our market closing. A sign for an 80-100 points gaps up the opening. Market sentiment is negative,so you must be careful and prefer the range shift strategy (wait to break out for the first 30-45 Minutes range)
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by CodeViser
Nifty Update for 20th October 2021 NIFTY50 INDEX has given a non-stop rally from 8th October and made an All-Time High of 18,600, from where we have seen a selloff. Bear Sentiment is on and it will continue if the low of 18,380 is broken. High probability trade is on the short side as Index has formed a Harmonic Half Bat pattern and its neckline is placed at 18,380 Consider a short position below 18,380 Or short from 18,500 levels if we see a gap up opening in the Indian Indices. 18,480-18,520 is resistance and will act as a supply zone. Trade setup ============== Key RESISTANCE is: 18,500 Key SUPPORT is: 18,200 Trade Accordingly!
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by CodeViser
Nifty Update for 18th October 2021 We will see a flat to a positive opening in Indian Indices today as per IN50USD data. NIFTY50 Index is trading at a supply zone/PRZ zone which we have calculated using our HARMONIC XABCD Pattern. Today Index has a narrow trading range, and we may see the Index trading on both sides today. Nifty Major resistance 18,400 levels. 18,240 will act as a support. For Buying (long) Consider a buying position above 18,360 for the targets of 18,400/18,420/18,450 For Selling (short) Consider a short position only below 18,305 for the targets of 18,290 to 18,260 Be careful the range is small, and we'll see the movement on both the sides, Quick profit booking suggested. Trade setup ============== Key RESISTANCE is: 18,400 Key SUPPORT is: 18,240 Trade Accordingly!
NSE:NIFTY
by CodeViser
Nifty 50 Trade setup for 12th October 202Hope you guys have done well in yesterday's trading session. The index has breached their psychological resistance by 18,000 but failed to close above then it. The market structure is bullish in the hourly time frame and making higher highs. Harmonic ABCD pattern has given a dot reversal in yesterday's trading session and this level is valid for today's trading session as well. Build long position if the yesterday high of 18,050 broken for the target of 18,150 and 18,200. Short Position can build lower than 17,900 for the targets of 17,850 and 17,800 Trade setup ============== RANGE HIGH: 18,050 RANGE LOW: 17,900 Key support is: 17,800 Key Resistance is: 18,200 Trade Accordingly
NSE:NIFTY
by CodeViser
Nifty Update for 07th October 2021 Nifty Update for 07th October 2021 ============================== IN50USD has given a short-covering move after yesterday's trading session. Here’s the Trade Setup for today: According to IND50 data, we are likely to see a gap opening in the Indian Indices. As we know every Impulse has a correction, Index has formed a “HARMONIC HALF BAT” pattern. 17,770-17,800 will act as resistance because of the “HARMONIC HALF BAT” pattern and higher chances of a range-bound market today as the Index has given moves on both sides this week. First, we’ll sell the range as today is Expiry and Index may get stuck in a range today: Range high: 17,800 Range low: 17,600 The total Range is of 200 points which is a quite wider range for the NIFTY 50 Index. The second Trade opportunity is we sell when the Index comes near 17,800 level with a small stop loss of 25 points for the target of range low i.e., 17,600 Quick Profit booking is requested and we may see decay in the Options premium as today is Expiry! Trade Accordingly!
NSE:NIFTY
by CodeViser