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Niftyanalysis

Nifty Important levels and trade plan for Tuesday, 27.09.22Nifty Is in a downtrend, and now we may see a correction form here, in coming days. So, for tomorrow, we may expect green candle in daily time frame, or may have a sideways market with a doji candle. In chart, zone between blue coloured lines at 17095 to 17980 will be our no trade zone for directional trading. Above this zone we may go for bullish trade, with targets at 17203 and 17349. For downside, below no trade zone, we may initiate a bearish trade, with target 16889. We may not expect more fall from this level, if Nifty falls below this level, then we will have be dependent on price action and other dynamic support levels, because it is highly unlikely to Nifty to reach 16641, which is the second level of support by tomorrow. If Nifty opens near first support level, or reaches this level, after price action we may plan a bullish trade. Same will be the scenario near resistance level at 17349, where we may plan a bearish reversal. But for all the conditions and trade types tomorrow, we will go with limited quantity and with tight stop losses only, as we may see reversal at any level. 17000 in PE side has the highest OI, so we may expect a support from here, if Nifty opens above this level, and 17500 has highest OI in CE side, which leaves some space for Nifty to breathe in upside. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 26th September, 9:30 PM** ***Personal opinion, not a trading advice***
NSE:NIFTY1!
by rahulbora11
Nifty Important levels and trade plan for Monday, 26.09.22SGX Nifty is currently 117-point negative, compared to its last closing, and has taken support form an important zone. And in Monday morning session, it may reach to an important resistance zone almost 60 points above the current level. So, by Monday we may expect Nifty to open near about 60 points gap down, or if SGX reverses from this resistance level then may see almost 120-point gap down, or we may see SGX nifty in current support level, resulting almost 180-point gap down in Nifty on Monday. So for 50/60 point gap down opening will enter trade after breaking of first five minute candle in downside, for trend continuation, If opens 100 to 120 point gap down then will go for bearish trade after a five minute price action. For a gap down opening of 180 to 200 points, will wait for a price action in 15-minute time frame and then only enter a trade, but will prefer a bullish trade, according to the major trend. Major support levels- 17292, 17133, 17042 and 17906 Open interest statistics seems completely bearish, with highest OI in PE side at 17000 and in CE side it is in 17500. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 25th September, 2:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY1!
by rahulbora11
Nifty wave C 80% completed & heading towards 17255 - 17161-Nifty gave further confirmation of wave C after my last post & now heading to cross 17255 zone which is also 100% level -As discussed in last post wave C generally retraces to 100% - 130% in most of the cases -markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started -safe players can exit theirs positions after 100% level is crossed or book 90% of profits with strict stop loss around 17300 zone (in case anything goes against us) & trail till 17161 - 17100 -After that we can expect new wave cycle from there but we will discuss it when the time comes Hope this idea was helpful & good learning experience
NSE:NIFTYShort
by mr5476
NIFTY 50, WAVES- REUPDATED!!in my previuos analysis of nifty50 waves(i will mention the link), i had drawn the waves which existed with the 2 major black line(drawn out in chart), i had thought nifty 50 will complete its 5 wave bull run impulsve movement, in that trend itself. but due to the affect of US markets, nifty is fluctuating(same acts for NIFTYIT too), so it will now hold that support(drawn in black line), which is drawn from the markets getting consolidating, after the 2020's bull run. and end up in same trend line which was going previously. today(23rd sept), when the markets opened which gave a breakdown to my analysis, i had drawn out the purple line, and today the same days when markets got closed, supporting my line, i am confirmed now with my waves. therefore this analysis even says that US markets will also recover very soon, and will give its bull run.
NSE:NIFTYLong
by raghavchoudhary2016
2
Nifty Gapping downToday expecting nifty to gap down arroung 90 to 100 points. Cause of concern is the lower demand zone is getting weakening as the price hitting the floor again and again if this remains continue we will soon going to see 17400 levels. Last week after getting good profit at present i have only holdings in DEMAT and no live positions. May be today or monday going to play with weekly expiry as the market permits or the conditions may be. My favourite lines which i use here is " EK TRADER KA KOI DEEN MAJHAB NHI HOTA". They just do according to market conditions.
NSE:NIFTYShort
by r7888911518