Niftyforecast
Nifty 50 Intraday Trade Setup for 22 June 2020Good Morning Guys,
I hope you guys doing good in this weekend and made some good bucks last week. The last 2 days was a big hit in the previous week and we had seen a good rally in Index almost 400+ points in just 2 days. Do not make any view if you're doing intraday and follow simple price action. I do not understand why people make view on a news basis since they're doing Intraday. Retailers are negative because India china clash and market trap most of them and give a good rally in the upside.
Is this a Bear Trap?
Of course, this is a bear trap. Most of the traders have negative thoughts for the market and they're thinking for short but the market is not giving any short and making new high daily. I know most of the things are negative like economic. corona patients numbers but look at the index so be careful at this point and don't short Index without confirmation. Let's Talk about the key factor for Monday Trade Setup.
Key Factors
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1= SGX nifty has closed in friday on 10138 . which is 98 Point low from the previous closing. We can see a profit booking on monday and Index is about to Open 100+ Point Gap down.
2-Diesel Price Hits Record High After Rates Hiked For 14th Day In A Row; Petrol Up 51 Paise*
Diesel price on Saturday hit a record high after rates were hiked by 61 paise per liter while petrol price was up 51 paise, taking the cumulative increase in rates in two weeks to Rs 8.28 and Rs 7.62 respectively.
*Govt is only generating revenue for increasing petrol and diesel prices*
3-HDFC looking to raise up to Rs 14,000 crore to bolster liquidity and expand business
4-Total cases of coronavirus are above than 03 lac.
5- 14-15000 Corona Pateinnt Cases register daily.
6- India is the 4th Heavily Infected Country of COVID.
7- The USA can ban an H1-B visa and it can affect IT sectors.
Technical View
=======================
The index current range is 10400 to 9500. Both levels are so important for the index to see a clear direction. 10430 is also a B point for the Harmonic ABCD pattern. The index can make 11100 if the Index sustains above on it. if Index breaks 9500 then we can see 8750 again so keep an eye on both of Levels.
Trade setup :
===================
Long: Intraday Resistance is on 10300 and we need to wait for the break out this level about to Open a long position on Monday Session.
Short: Short Position can build lower than 10100.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday & Expiry Day Trade Setup for 18th June 2020Good Morning Friends,
First, accept my apologies for not posting the morning view regularly. I am a lazy and self-satisfied person but trying my best to post my view regular so you guys can get my detailed view before the trading session yesterday Index has given a sideways momentum and trade in a range, well it was expected and most of time happened on Wednesday trading session just because of managing the options strike prices. Let's Talk about today's Key Factors.
Key Factors
==================================
1- SGX morning session will start in 30 minutes. in Night index was closed on a flat note.
2- USA index Dow Trading on 25968, slips more than 500 plus points in overnight.
3-The geopolitical tension between India and China has brought back the risk-off mood in investors.
4- Gross advance tax collection down 31%. Net advance collection 32.3 % down. Corporate tax downed 79%.
5- Crude is steady and strong.
Technical View
===========================
Most of things already explained on the chart. This is infection point and bull and bear both are confused, where to go?
Resistance: Intraday resistance is sitting on 10,040 and we can see a move on the breakout. Nifty Key resistance is om 10,450-10,570...
Support: Intraday support is on 9,800 and key support of Nifty is on 9,600.
Trade Setup :
=====================
Long: 10,040 sl : 9,990 Target : 10,090/10,130/10,170
Short: 9,830 sl: 9,890 Traget : 9,790/9,720/9,690
My Trade Setup: I have a plan to write a 10,100 call and 9,700 Put. Both will be zero at the end of the day
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday Trade Setup for 9th June 2020Good Morning sir's
I hope you guys have made good money in Yesterday's trading session. Our 15-minute candle high low trade setup was work well. The index has given a good move on the breakdown of 15 Minute candle low. Most of the traders suddenly bearish and saying that the index will fall more but as per my analysis yesterday was just a profit booking day and Index still has 300-400 Points room in Upside. Let's see what the key Factor for today Trading session.
Key Factors
====================
1-Word Bank says " In India, growth is estimated to have slowed to 4.2 percent in the fiscal year 2019/20 (the year ending in March-2020) and output is projected to contract by 3.2 percent in fiscal year 2020/21
2-Crisil Thinks It’s Likely Indian banks’ loan growth will slow to nil to 1% in the year started April 1, according to the Indian unit of S&P Global Ratings.
That’s lower than 6.1% in the previous fiscal year, which was already a multi-decade low.
Corporate borrowings, which account for half of the total credit, will be worst hit, and loans to individuals will decelerate to “low single digits” from “mid-teens” in the past few years, Crisil Ltd. said in a report.
“This crisis is unprecedented and so will its economic fallout be,” said Crisil’s Senior Director Krishnan Sitaraman.
3- COVID-19 cases continue to rise and the market seems to be ignoring this
4-SGX nifty Trading on 10,1999 which is 36 Point up from the previous closing. Accept a small gap up Opening.
5-the Dow Jones Industrial Average was up 254.55 points
6-The Nasdaq composite rose to a new record high on Monday and looks on track to confirm that it has been in a bull market for two and a half months according to many definitions, after Wall Street's nosedive on worries about coronavirus.
Technical View
===================
Resistance: The Index is Trading in a channel since march and this channel works beautifully to define dynamic support and resistance in a short time frame. Channel resistance is on 10,500 which follows from harmonic XABCD pattern(10,420). Yesterday we have seen a profit booking and most of the trader has changed their view but I am still bullish until the index goes tho their strongest supply zone ( 10420 to 10600).
Support: Index Key support is still on 9,600 to 9,700
Option Chain data
===================
Maximum call OI of 16.85 lakh contracts was seen at 10,500 strikes price, which will act as crucial resistance in the June series.
Maximum put OI of 23.4 lakh contracts was seen at 9,900 strikes price, which will act as crucial support in the June series.
Trade setup:
====================
Build Long Position if Index sustain above the 10,300 Level SL : 10,215 Target: Open
The short position can build lower than 10,140 SL: 10,190 Target: Open
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday Trade setup for 8th June 2020Good Morning sweet peoples,
NIfty was damn bullish since 28th may and give an awesome really in the upside, 1000 point is just 10 days. Question is Can we trust on this bull run or it's just a bull trap only for retail investors. Well, a downtrend has never ended in just 2-3 months. The average cycle of a downtrend is 9-10 months and we learn this from history. Nifty major supply zone is 10,400 to 10,550 and we must keep an eye on this level. Let's talk first about the key factors which can affect today's trade setup.
Key Factors
======================
1-Moody’s downgrading India’s rating recently, Any further downgrade will make India susceptible to flight of capital and leave its currency vulnerable.
2-India went past Italy to become the sixth worst-hit nation by the Covid-19 pandemic. India saw a record single-day jump of 10521 coronavirus cases and 297 deaths on Saturday, pushing the nationwide infection tally to 2,46,622 and the death toll to 6,646.
3-Banking system credit down almost 50% from a year ago, reflecting the impact of the nationwide lockdown imposed at the end of March.
4-The coronavirus pandemic, which has presented challenges for several nations, could be an opportunity for India to speed up the health insurance scheme Ayushman Bharat, especially with a focus on primary healthcare. Pharma sector is still bullish
5-SGX nifty has given a good really in upside on Friday after our market closed and made a new high 10352. Currently trading on 10234 which is still high and we are going to see a Gap Up Opening today.
6- US30 Aka Dow also made a new high in the last 2 trading sessions almost 1000 point rally.
7- Asian market also seems bullish.
8-Foreign institutional investors (FIIs) poured in Rs 13,927.52 crore in cash markets (equity) in the first week of June, which was higher than Rs 13,914.49 crore invested in the entire May.
Technical View
=======================
SGX Nifty
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Let's talk first about SGX nifty. Our Index has not much enough data because of limited trading sessions. SGX almost trading on its supply zone. look the Bellow picture
India 50
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Nifty 50 Index
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Our Nifty Future trade in 2 places and I mentioned both of chart above. NIfty Major Resistance area is 10,420 to 10,550 and we must keep an eye on this level. The support zone is 9,602. The index is trading in an uptrend channel and the channel resistance area is also on 10,400 to 10,500.
Trade setup
====================
Due to a gap up opening, most of the levels are destroy here so we will our 15-minute range strategy for today's trade setup. Wait for a 15-minute mark high and low of the candle and set up your trade according to it.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday & Expiry Day Trade Setup for 04th June 2020Good Morning all,
I did not give any buy or sell levels yesterday because of a gap up opening but explain that how you guys can setup your trade on 15 minute candle high and low to trade in a Trending market. Unfortunate both are not break in Intraday and trade has not come in Intraday. In second Trading session we had seen a major fall from 15 minute candle high and index fallen like a knife from the top and eat all day movement in just 1 hour . Some of guys think that index is gonna to correct from here but this is a profit booking move and we do not believe on it. Index is l bullish until it's not break 9,980 . Today is expiry so let's see what is the Key factor for today Trade Setup.
Key Factor
================
1- FIIS are still bullish and SGx nifty is trading on 10,151.00 which is 61 Point up from the previous closing so we are going to see a gap up Opening in our Nifty. 60-70 Point gap up possible
2- Dow Jones Industrial Average was up 251.67 points, which is almost 1.00% from Previous closing.
3-European shares and Index is also showing strength. European STOXX 600 rose 1.2%
4-Asian market also steady .
5-The Reserve Bank of India will not approve SR Batliboi & Co LLP, a local chartered accountancy firm affiliated with EY, for carrying out statutory audits of commercial banks for a year starting April 1.
The regulator found certain lapses in audit assignments carried out by the firm, the RBI said in a statement on its website.
The action stems from the special enforcement framework the regulator announced in June 2018 to take action against firms found to be lacking in their duties as statutory auditors.
SR Batliboi is the statutory auditor to private lenders HDFC Bank Ltd., IndusInd Bank Ltd., Kotak Mahindra Bank Ltd., Bandhan Bank Ltd. and The South Indian Bank Ltd.
6-Cabinet clears 6 month IBC holiday for bank defaulters from March 25. Can be extended by another 6 months CNBCTV18Live reports
7-Abu Dhabi’s Mubadala Investment is nearing a deal to invest about $1 billion into Jio Platforms. An announcement could come as soon as this week. Company is also in discussions with Abu Dhabi Investment Authority & Saudi Arabia’s The Public Investment Fund. (Bloomberg News)
Technical View
==================
Nifty has given a correction from yesterday high and that was a straight fall but Index is over all bullish and yesterday correction was just a profit booking . Index is still bullish and can hit their resistance Area which is 10412-10600. Index current support is on 9990 . Might be Index give you a sideways move because of expiry and trade in a range.
Option chain data
==================
Call Option : Maximum OI is still stand on 10000 but we have seen a call Unwinding Means Call writers are square off their position and switching on 10500 Level . Second highest OI is stand on 10500.
Put Option : 10000 is become a support and we can see it in OI data . Lot of contracts are adding in this price .
Trade Setup
====================
Today is writers and future scalper day. Momentum traders and Option buyers has no space for trading session .
Long : Open long build up if Index trade above on 10,180 Level. Sl is 10,140
Short : Short Position can build lower then 10,040 with 10,070 sl but remember only 50 points room is sell side so book profit before 9,990.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Team CodeViser
Nifty 50 Intraday Trade Setup for 03 June 2020Good Morning all ,
Everything is bullish here. right? but Index momentum would not trust you in buy also not in sell side. I agree that Index is going up and up but momentum is damn slow and very hard to understand. You guys has made good money if you trade yesterday on our levels 9.940 . Expiry is due on Thursday and we had seen a major up move since last 4-5 Trading session. Question is does trend will continue or we will see a profit booking today. Remember this up move was straight without correction and there is lot of chances to breach 9473-9500 Level in next week but as I always said every day is different then others so lets see what is the key factor for Today trade setup.......
Key Factor
================
1- FIIS are damn bullish and SGX up more then 100 Points over night. Trading on 10,080 . More then 100 Points from previous closing.
2- Dow Jones indexes hit new three-month highs. Trading on 25,8340. which is up more then 111 Points from previous closing.
3-European Market also close on three-month high on Tuesday on optimism around a post-corona virus economic recovery
4-Crude is also bullish and steady.
5-Investors need to be careful on this point...
Option chain data
=====================
In call 10,000 has still maximum OI 18.44 lac contracts but it can be switch on upper numbers if Index sustain above then 10k mark today.
in put 9,500 is still a strongest support zone and has maximum OI 10.56 lac contracts.
Technical view
====================
As per technical view Index has already break their resistance 9,900 and sustain above on it . now this area become an Intraday support zone. Resistance is on 10,400-10.500 .
Trade Setup
=================
Today I am not going to give you any levels because for gap up Opening. Index is about to open 100+ point and you guys need to wait first 15 minute candle and setup your trade on 15 candle high and low. buy if 15 minute candle high break or sell if 15 minute candle break.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Team CodeViser
Nifty 50 Intraday Trade Setup for 02 June 2020Hello Everyone,
We had seen a bull really without any correction since last 4 trading session . Almost 900 points in this straight run and main question is does nifty will make a new high today or we will see a profit booking and a short term correction. Let's see the key factor at first for the today trading session.
Key factors
================
1-SGX nifty Trading on a flat note so aspect a flat Opening .
2-Market has been ignoring poor GDP print for March quarter, PMI data showing a deepening slump in factory output and up to 80% drop in May auto sales and maruti and other stocks making higher high and giving breakout on their resistance. Seems funny and interesting to watch the manipulators work.
3- the Dow Jones Industrial Average was up 30.31 points
4-European shares rose on Monday on hopes of a post-coronavirus global recovery,
5-Moody's Investors Service on Monday downgraded India's foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2, citing the country's policymaking institutions will be challenged in enacting and implementing policies which effectively mitigate the risks of a sustained period of relatively low growth.
Technical analysis
========================
As per Harmonic we have found 2 Potential reversal zone. first is 10047 and second is 10411 these levels are act as nifty resistance for now . Bearish harami candle formed in 4 hour time frame and this candle formed because of Profit booking in yesterday session and not much reliable . Might be we see profit booking today . Index can give a short term correction or will trade in a range.9400-9500 is the support zone.
Option Chain data
=======================
Maximum call OI of 18.78 lakh contracts was seen at 10,000 strike, which will act as crucial resistance in the June series.
Maximum put OI of 18.92 lakh contracts was seen at 9,500 strike, which will act as crucial support in the June series.
Trade setup
================
Buy : 9940 Target : 9,980/10,010/10,040 sl : 9,870
Sell : 9,780 Target : 9,730/9,700/9,650 sl: 9,830
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Team CodeViser
Nifty 50 Intraday Trade Setup for 26th may 2020Good Morning sir's,
Hope this long weekend went good for you. Last we had seen negative sentiment in the market because of RBI governor announcement . Today is the first trading session for this week and main question is does the negative sentiment will be continue or we can see a short covering in today Trading session. Let's the key factor for today Trading session at first.
Key factor
================
1-SGX is trading on 9152. which is 70 points above then previous closing. We are going to see a 45-60 Point gap up opening .
2- Dow looks strong, Trading on 24824 which is 230 point up from previous closing.
3-Most bank and financial stocks may also extend their losses of the previous session after the Reserve Bank of India (RBI) announced the extension of loan moratorium by three months.RBI’s decision to extend the moratorium till August 31 could turn out to be a major negative for the non-banking financial companies (NBFCs), Emkay Global said in a note.
4-Stocks in Europe and Asia gained as investors weighed more signs of economies reopening around the world against the rise in US-China tensions
5- Foreign investors have infused over Rs 9,000 crore into the Indian equity markets in May so far amid attractive valuations of stocks and a mega block deal involving HUL. The inflow comes following a net withdrawal of Rs 6,883 crore in April and Rs 61,973 crore in March on fears of a corona virus induced global recession.
6-he Govt extended the validity of various motor vehicle-related documents till July 31. No additional/late fee will be charged for delays in the validation of documents pending from February.
7-The extension of moratorium by three months beyond May is likely to expose lenders to the risk of some borrowers having the capability to pay skipping repayments, fear bankers.
8-Insurance co's are bracing for large claims on account of Amphan, the cyclone which ravaged West Bengal and Orissa last week. Most of the claims are expected from property, motor and crop insurance sectors.
9-Value erosion in PSUs can limit Govt's disinvestment target. The fall in stock prices has eroded significant value in some of the largest PSUs, which will limit receipts for the Govt.
10-*Current Affairs*: India witnessed the biggest spike with 6,767 positive coronavirus cases and 147 deaths reported in the last 24 hours, taking the total number of Covid-19 cases to 131,920
11-The Tirumala Tirupati Devasthanam Board has decided to sell 50 immovable properties in Andhra Pradesh and Tamil Nadu, worth Rs 23.92 crore through a public auction.
12- Crude is still strong and showing strength in upside.
Technical View
===================
As per my analysis we are going to see a short covering in today trading session but don't think that trend is going to change . Market is still in Negative sentiment so be careful in buy side and trade with less exposure.
Resistance : Nifty Intraday resistance is on 9,170 which is taken by a trend line and key resistance is still on 9,900
Support : Nifty Intraday support is 8,960 which is Friday trading session low. Key support is on 7540
Trade Setup
================
Long : Long Position in Intraday can build if Index break 9,170 and sustain above on it.
Short : Short position can build if Index trade lower then 8,960.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday Trade Setup for 19th may 2020Good Morning Everyone,
Hope you guys has made good money yesterday. Our sell level come in first 10 Minute and Index has given an awesome move in downside. Index down move more then 3.43% in a single day which can count huge dump in Intraday day. Now question is It will be continue today? Lets see what key Factor is going to affect to our Market.
Key Factors
==========
1- SGX is trading on 8969 which is above more then 183 Point up from previous closing.
2-Drugmaker Moderna Inc said its experimental COVID-19 vaccine showed promising results in a small early-stage trial.
3-Investors lost by Rs 3 lakh crore in terms of market capitalisation on the BSE. The average market capitalisation of the BSE-listed companies dropped from Rs 122.66 lakh crore on May 15 to Rs 119 lakh crore on May 18.
4-the stimulus package announced by the government was not seen as adequate considering the demand destruction in the economy, what really did maximum damage was the suspension of the bankruptcy norms for one year, which instantly multiplies the bogey of bad loans that the financial system is facing.
5: Banking Stocks Bleed As New Bankruptcy Cases Suspended For One Year
Banks shares slumped after the government on Sunday said insolvency proceedings against fresh defaulters would remain suspended for up to one year and Covid-19-related debt would be excluded from the definition of default.
6- Crude Oil is strong and giving a steady strength.
Technical View
==============
Resistance : Yesterday Nifty Break their key support ( 9000) and manage to sustain lower then it . We can see a short covering today and Index about to open gap up and this level is Important again but this time it will be a resistance Area in Intraday. Key Resistance is still on 9900
Support : Intraday support is on 8750 and key support is on 8200-8090 (As per Harmonic Prz ) .
Trade Setup
=================
Long : Long Position can build if Index sustain above 9050.
Short : Short is tricky and there is 2 Levels .
A : Index is about to open gap up and might be take their resistance on 9000. Risky Traders can short from top with a tight Stop Loss.
B: Second Sell Position if Break yesterday Low which is 8800
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
NIFTY 50 INDEX (NIFTY) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
The Previous Downtrend + A Rising Wedge = ? Nifty has done Rising Wedge formation.
Rising Wedge is a bearish continutaion pattern.
The previous Downtrend + A Rising Wedge = Possible Downside Breakout.
Caution: avoid trading until the breakout is confirmed.
Nifty July Series Setup?Nifty Has been Consolidation between 10855 and 10592 since last last week of may. Fundamental strong trigger is required to boost the bulls but as of now rising Oil Prices as well as depreciation of rupee is the big concern.I am hoping that nifty will touch 11000 this series because monthly chart is still in bull trend. Best buy will be only above 10855 and below 10592 nifty may show 10300-10200 which shows to be impossible as of now.
Nifty- Is Bull Run Over?Nifty is In Downtrend Channel which is formed in Dec 2017.Now Nifty Has broke uptrend channel formed in March 2018. Nifty hAs strong Support at 10466 which is 200 EMA and also 50% Retracement at 10450. So buying can be Seen Near 10450.So This Week I will Wait for this level to Buy and to Short I will wait for 10674-10700. If Nifty Dont Sustain and Break 10450 then 10250 Can Be Seen.
Nifty- What is Happening?- weekly reviewWe have seen profit booking is the last two trading session which was expected. I am still bullish on Nifty and my strategy will be buy on dips still it doesn't cross the H4 Trend line and daily support of 10428.Thanks to Mr. Trump and Syrian controversy that nifty will open gap down on Monday. I will recommend buy on dips.
Recommendation- buy Only near 10425 with the stoploss 10380 For Target 10550
Below 10380 Nifty Will be very week.
Nifty Analysis & outlookThe previous high nifty made was @ 10137 on 2nd August 2017.
Now it is about to test the same high again. There will be strong resistance between 10137 to 10150 (being round number).
If it closes above 10137 - 10150 on daily chart it should be a buy with stop-loss at 10128 (...giving cushion to avoid whipsaws).
If it tests 10137 it may retrace to support @ 9983-10000 before it breaks out of the 10150, which I see at intraday buy opportunity.
To conclude, a break out above 10150 with good volumes would make it a high probability trade (HPT), with great Risk to Reward ratio.
Bank Nifty indian index long term buy setup at monthly demandStrong bullish trend on Bank Nifty Indian index, long term longs at monthly demand level around 18.750. New levels of demand created, supply zones eliminated. Price has been rallying very strongly lately, expecting a bigger pullback to go long lonterm.
NIFTY COMPLETE WEEKLY & DAILY ANALYSISGreetings traders,
This is a weekly update following our monthly, daily & probability analysis
Please do not proceed with this analysis , if you haven't come across any of those. Refer to them at first & proceed with this analysis - link in the signature section (below)!
Now to the analysis,
Following our daily update,
we mentioned that the NIFTY 0.18% could turn at any level at/above 50% R in the plotted resistance zones for X2 but our double confirmation post revealed that the powerful zone to act as a resistance would be 50% R due to the added trend line's angular resistance.
Now NIFTY 0.18% has been stumbling in the 61.8 Zones.
For any avid & serious trader, this would be a good spot to take their sell position, accounting the underpinning bearishness in the asset & it has a long way down based on our analysis!
For conservative traders, it is a walk through mist scenario where you can't see things clearly as if they were! yet we can say only a thing - wait for the market to unfold downwards & take your positions accordingly! (you might miss a few ticks but that is negotiable for safety)
For understanding the risk (SL) & (TP), please refer to the link in the signature section below
(it is elaborate & a bit tricky - hence we made a video presentation in it - feel free to watch it).
Fell free to reach us to share your thoughts/comments!
Happy Trading
Will NIFTY test 7800 levels again?Greetings traders & investors,
This analysis is a combination of various prospects & contains a clear description for each of that
"we don't understand a movie by missing half of it".- the same is true with markets,
Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees
There are 'n' number of possibilities(probabilities) that could frame the near & long term future moves for NIFTY the analysis progress through the provision of unbiased weightage to all of them based on various factors, rules & guidelines and as usual this analysis is backed by a video presentation, which you can find in our signature section below!
NIFTY MONTHLY ANALYSIS:
The monthly timeframe comprises of super-cycle degree moves within the grand super-cycle 3rd wave, from OCTOBER 08(this has a long way to go). However, the shorter time frames have a different story (which is important for traders).
The 3 waves in the super-cycle degree have been completed and we have the 4th wave in the sequence, unfolding.
The 50% R of the 3rd wave have been tested & the current move is a retracement of the correction & it could end relatively in the cluster of resistance zones (in lower degrees).
This analysis takes into account the psychology underpinning the asset, mathematical relationships, geopolitical events & finally indicators, only to support the analysis!
To understand various levels - take profit, Stop loss & trading strategies for the long, medium & short term. please refer to the video!
Irrespective of all the probabilities, the analysis clearly gives the direction for various trading setups.
Nifty : Potential Bullish Bat Formation - Long @ 8450'sComing back to the scrips which we keep close to our hearts - Yep, Nifty's....
We have bullish bat pattern formation which is currently in C to D move, so once the move gets completed at D point we can Initiate long positions in Nifty. The other blue lines going around chart are the idea posted on higher timeframe(4h) lastweek.. that idea is still valid. But here we are breaking down to the smaller moves which is 15mins and these happens within the range of that 4h chart. Never try to catch the move from C to D bcos sometimes pattern may not complete so you may lose which will be really bad for your trading. So only enter trades @ D point of the patterns. One more thing, to be profitable there is no need to be always trading and taking positions on every swing... Quality of the trades matter the most...
Hit Likes if you agree...Thanks for your support...
Happy Trading !!
