Nifty spot and FUT, both settled at crucial levels marked in our previous analysis. This is the level that has to be protected for Nifty to stay "NOT BEARISH" at least. Now with an even in sight, I am not sure how it will behave. My previous narrative was that Nifty would stay at ATH levels and with the election result, would fall. But now it seems like there is a...
BUY ABOVE - 22350 SL - 22300 TARGETS - 22420,22470,22510 SELL BELOW - 22240 SL - 22300 TARGETS - 22200,22160,22100 NO TRADE ZONE - 22240 to 22350 Previous Day High - 22510 Previous Day Low - 22240 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
I was reviewing long term EW counts of NSE:NIFTY and here is what I think. Overall, I can see potential 2 alternatives and have highlighted them in blue and red respectively. This is a monthly chart. Blue Alternative Let's start with blue counts first. Larger degree wave 1 (marked by square blue box) which started from Covid lows of March 2020, ended in...
If we consider the high and low of the last day candle in futures as a range, a break in either direction can give a sharp sting that way before turning and going the opposite way. This is just a story that played in my head. And the probability of this being on the down side seems more likely. 22350 and 22300 may be likely in this case before we see a short...
BUY ABOVE - 22470 SL - 22420 TARGETS - 22510,22550,22600 SELL BELIW - 22420 SL - 22470 TARGETS - 22360,22270,22210 NO TRADE ZONE - 22420 to 22470 Previous Day High - 22600 Previous Day Low - 22420 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Shorters at 22800-900 range have proved me wrong. I should have thought of the "Retracement" shorters, who are essentially piggyback day traders who wat for a retracement to institutional bulk orders and punch in their own, hoping the levels hold. Plus the news of taxation, did th trick. In this case, we should either fly or Consolidate. Not fall further.
BUY ABOVE - 22550 SL - 22510 TARGETS - 22600,22640,22710 SELL BELOW - 22470 SL - 22510 TARGETS - 22430,22360,22320 NO TRADE ZONE - 22470 to 22550 Previous Day High - 22780 Previous Day Low - 22360 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Nifty in past 7-10 trading sessions... trading in range 22200 to 22800 With Volatality (due to Geopolitical News and US Mkts and More Data from India and International Mkts). But as we are awaiting Election Results... Any DIP seems to be bought into with sentiments riding high on Current Government to Continue .... giving hope for all the major growth work to be...
Greetings traders, I'm excited to share my trading plan for the Nifty50 options from 3rd May to 9th May. Let's dive into the analysis and potential scenarios. Bullish Outlook: Firstly, I hold a bullish sentiment for the Nifty50 9th May expiration option contract. Based on my analysis, I foresee two possible scenarios unfolding during this period. Scenario...
As per neowave analysis wave D is to unfold its mega wave ''C'' wave A and B are Flat to reach the 1.618 of previous wave today this will happen ,from next week onwards you can see the ABYSS All important levels are given in the chart, trade accordingly. This is as per wave theory, real time application into trade is on your risk
22650. Who are these straddle writers who believe in the fables of the fall of Titans? Depending on the Pre market open price, we can see when they will run for cover. Not IF, but WHEN. Let us see if we can gather enough buyers to take out the fabled 22800 short sellers today. Most likely it might happen by the end of the day.
BUY ABOVE - 22710 SL - 22640 TARGETS - 22780,22830,22880 SELL BELOW - 22640 SL - 22710 TARGETS - 22600,22550,22510 NO TRADE ZONE - 22640 to 22710 Previous Day High - 22710 Previous Day Low - 22550 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Chances are that Nifty could trade between 22800 and 22450 to 500 range today. If Nifty comes to either of these levels, look for contra trades in the opposite direction.
BUY ABOVE - 22600 SL - 22550 TARGETS - 22660,22710,22780 SELL BELOW - 22550 SL - 22600 TARGETS - 22510,22470,22430 NO TRADE ZONE - 22550 to 22600 Previous Day High - 22780 Previous Day Low - 22550 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 22660 SL - 22600 TARGETS - 22700,22770,22830 SELL BELOW - 22600 SL - 22660 TARGETS - 22550,22510,22470 NO TRADE ZONE - 22600 to 22660 Previous Day High - 22660 Previous Day Low - 22430 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
There is one significant support that has to be protected this week. Any retracement will have to be absorbed around this area and Nifty will gather steam to revisit OR perhaps even break ATH. 22800 in FUT is where bears have big orders. Let's see what happens when we retest that area to eat up all those orders.
Nifty Short, Medium & Long Term View- 29-Apr-24 to 03-May-24 Nifty closed at 22419 (22147) and touched low & high of 22199 & 22623 Nifty was up from the support level and was trading inside the range (22000-22800) provided last week. RSI and stochastics levels was up from last week(53.75 %(41%) & 64% (<20%) Respectively). Moved up from oversold zone. All...
These are the Strong Levels for #Nifty for #Intraday and #weekly based on strong #Zones Initiate trades based on #priceaction.