Niftyintradaylevels
NIFTY--Turned to be Bullish Again??Observations::
Price is exactly closed near the Previous Strong Resistance,
If this acts as support will observe bullishness towards 18600,18700 levels.
If price breaks 18700 levels, it may touch ATH as well...will see this later, it will touch or not.
Until Keep watch these levels.
We have a demand zone @18200,which is a strong demand may acts as support again.
BANK NIFTY/NIFTY ANALYSIS FOR FRIDAY
NIFTY |BANKNIFTY|NIFTY ANALYSIS | BANKNIFTYANALYSIS FOR FRIDAY
| nifty analysis for tomorrow | #niftypredictions | nifty live trading |Nifty50
BANKNIFTY:-
If Banknifty sustain the level of 43750 and spend time and break 43850, then 43950-44050
If Banknifty break down 43750 spend time below it and break 43650then 43550-43450
NIFTY:-
If Nifty sustain the level of 18450 and spend time and break 18475 then 18500-18525
If Nifty break down of 18450 spend time and break down 18425, then Nifty 18400-18375.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
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NIFTY--18700 or 18500 Observations::
---->> Price is trading in range after opening gap up.
consolidation + Bullish = Sell @ Resistance.(18700 Resistance)
Consolidation + Bearish = Buy @ Support (Gap may acts as Support.)
If price showing bullish pressure towards 18700, wait here for reversal may happens, previous strong fall area.
if price comes back to 18450-18500 levels, look for buy.
if price breaks 18575 zone retest sell for target of 18500 zone. After break retest in needed to sell.
Previous strong resistance may turned to be support @18450 range.
Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup.
As i was busy with some work i didn't posted my trade setup for 25-May-2023 and also didn't traded on 24-May-2023 although it was good session too. watched chart for few minutes today and closed terminal because of work today. Today on expiry day there were opportunities also if someone trade with patience. I didn't took trade today because i didn't planned anything and this was my bad habit before that i always trade if market in moving from support or resistance i took trade with out any setup or patience so that i don't miss any profits as you may know this (FOMO). Which was my reason for more losses than profits. I will post on what i am doing to improve it in separate post. This is going to be my setup for tomorrow:
Today market opened flat and there was selloff from 18265 to 18200 almost 65 points down. but in last 1 and half hour it took support at (18200) and then rise like rocket making almost all green candles without any pullbacks on 5 min TF gaining almost 100 points from day's low.
Price is forming triangle and closed near trendline resistance.
Setup for Tomorrow:
1.) If it opens flat and sustains this trendline resistance on 15 TF then i will look to buy CE for target of 18363, 18371 and 18380.
2.) If it opens gap up i will look for rejections from same targets or near by CPR and will buy PE trade for near by support levels which is 18300 as 1st support or CPR whichever will be closer.
3.) If it opens gap down 1st support is placed at 18300 level if it takes support at this level and holds for 15 to 30 minutes. I will look for buying CE.
Views are bullish so will trade cautiously if i am trading in opposite direction. As from Volume there was lot of buying buying when price was moving above today as compared to while it was selling off.
Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NIFTY |NIFTYPREDICATIONTOMMROW|NIFTYANALYSIS FOR MONDAYIf Nifty sustain the level of 18500 and spend time and break 18515, then 18550-1875-18600
If Nifty break down of 18500 spend time and break down 18450, then Nifty 18400-18375-18350
This video is for educational purpose and my personal view .We are SEBI registered Advisor,we only give the level on our practical trading experience.
Kindly take the trade according to your risk and reward position and consulting your advisor.
NIFTY--18700 Or 18200Observations:: NSE:NIFTY
----->> if we see monthly candle it is a strong bearish candle,
------>> If we see weekly analysis , price enters into a zone where previous strong rejection area.
we are still in that area , High of that area is 18700.so we will buy up to 18700 area.
------>> If we go for daily analysis , price enters in that area and showing downward pressure,
price created a support in the zone @18060 level, while entering in to the resistance area.
so that level acts as support and price moved to the resistance zone again with strong bullish candle,
and breaks the previous resistance @18460 level.
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Now we can see the clear picture,
Case1::
If Yesterday strong bullishness is a manipulation and fake breakout above 18460 level,
we are going to sell below 18400 where previous strong resistance, for the target's of
18360-18320,18260,18200 only.
while breaking the resistance @ 18460 price created a support @18200 level which is a new support.
case 2::
If this is a strong breakout, we have a next resistance @18700 level,
we will continue to move in the same direction, but a retracement is needed to go long,
after breaking the resistance @18460 levels no proper retracement is not seen.
if retracement is done to these levels, 18460-18400 levels and will go for buying above 18460
for targets of 18500,18570-18610 and 18700 levels.
@18570-18610 level previously bullishness and bearishness is observed @ same zone.
So clearly this week price is ranging above 18200-18700, in the middile we have resistance @18460 zone,
if this zone acts as support we go for buying up to 18700 levels,
if again acts as resistance will go for selling up to 18200 levels.
NIFTY--Strong Supply@ 18440-18460 ??Price is exactly closed in the strong Demand zone, which is previous supply zone.
if this zone acts as support, price will go up, up to the next resistance @ 18438-18458 range. Résistance + supply zone. = Strong push to downwards may observe.
Today's fall is due to previous supply zone @18400 levels, We are left with one supply that is not tested @ 18438-18458 levels.
Look here for sell for the target of 18360 and 18260, if price falls below keep in the trade up to 18000 levels.
Keep note ::
Price may be consolidate between the supply@ 18400 and supply zone @18440 levels, enter on breaking the 18400 and retest of any supply to below levels.
If price is not able to break and still in the same range the expiry neutral.
NIFTY-- 18500 or 18000 ??Observations::
Price is clearly closed in the Previous supply zone. If supply acts as demand price is again bullish,
we have one more supply zone below @18260 if this pushes the price up again bullish ??
After a strong consolidation price is bearish which is a sign of bullish again to test the supply @18500 levels.
consolidation + down move= up side
Look for selling opportunity from 18450-18500 zone, falls below 18400 levels, 18400 acts as resistance we can go for sell again.
NIFTY-- 18340 or 18000 -------->> Nifty Moderately turned to be bearish.
------->> Price wants to test the supply @ 18340 levels or continue to fall back to below 18000 levels.
-------->> If price tested 18340 levels and below we have a supply zone @18260 level may acts as demand, will again push the price to higher levels.
18120 Level will push the price above 18200,18260 and 18340 level. Keep track this levels.
-------->> we have a clear demand zone @18060 breaks will observe a fall till 18000 and 17960 levels.
Nifty daily analysis1. 18320 if nifty crosses this level after opening sideways than we can enter to buy in full
2. if nifty opened with gapdown then we will see price action- if after 5 min it makes hammer and crosses we will buy it
3. if nifty opened gapup then we will wait for 5 min candle on lower side for gap filling - we could buy if market makes some bullish pattern by
taking support of 18320.
4. if you want to sell on gapup then trade less than 1/3 qty after 5 min low breakout
5. if price-action is formed on lower side after gapdown below 18200 then we will try to sell in 1/3 qty. We will turn bearish for short term if market breaks 18100
NIFTY SHORT for 348 points
Price has formed a Daily Supply which is The Source of the DownTrend and There is a Weekly and Monthly Demand formed for which Price will surely retrace, after reacting to the Daily Supply Price formed a 2H Supply which is coincided with the 4H supply and This is a Trade Zone for Shorting Nifty
ENJOY THE RIDE ! ! !
NIFTY--Supply acts as Demand@18260??Observations::
--------->> Yesterday price tested the level @18260 level where a strong gap down occurs previously, and again falls back to below 18200 levels.
---------->> we have one more resistance @ 18340 level, if price breaks this level will observe again bullish momentum towards 18450 levels, careful at this level.
If facing resistance @18340 levels and 18260 level or 18200 level acts as support more bullishness is observed.
Supply Acts as Demand@18260 level.
keep track this levels.
Key level of support: 18060 and 17960 levels.
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NIFTY--Expiry Levels @18160-18340------->>Price is clearly broken the support @18200 level strongly.
-------->> we have a previous resistances @18340 and @18260 levels failed to act as support, witnessed that more selling pressure is observed.
--------->> now price wants to test which level,18260 level where a strong gap down occurs previously.
---------->> This will again act as resistance, but while breaking 18260 level price leaves a supply zone in the range 18340-18360 range, so today price will test these 2 zones.
Key level of support: 18060 and 17960 levels.
Note:: Expiry will close in the range 18160-18340 Range.
Keep track these levels.
NIFTY--Head and Shoulders Pattern ??Observations::
Left shoulder @18340
Head @ 18400
Right Shoulder @18340
and Neckline is observed at 18200,if price breaks neckline we will observe a strong fall towards 18120,18060 levels.
---------->> we have gap left @ 18060 level, price may goes up again from here. this level will push the price upwards again.
---------->> Be careful at 17960 and 18060 levels.