Nifty Price Forecast for May and JuneNifty Price Forecast for May and June, July.
Note: Only if Nifty price does not hold above 18350 to confirm this prediction.
Niftylevels
NIFTY-Trendline-Retest-Gap Down ??Observations::
GAP DOWN opens
---------->> Price broken the trendline and observed a strong fall, and retest is observed at trendline @18340 levels.
---------->> Previous supply zone @18200 level resist the price to go down.
If tomorrow price breaks this level, we will observe a strong fall towards 18120,18060 levels.
if price again breaks 18200 levels, 18120 level acts as a pullback to 18200 level, at this level previously strong sell off is observed, here
(18200-18120) if again strong push to the down side happens price falls below 18060,up to 17960 levels.
---------->> we have an untested demand zone @17960 will push the price upwards again.
---------->> Be careful at (18200-18120) and 18060 levels.
[{NIFTY TO FALL FOR 2.21% or 400 points}]
Price has formed a Fresh Weekly Demand and should retrace into it for a pullback, therefore this is a counter trend trade, but with a favourable Reward to Risk Ratio.
We have a selling confirmation in Daily and this is a positional Trade in the downward direction should take 15 days to reach the Target.
ENJOY THE RIDE ! ! !
12/05/2023 NIFTY SUPPORT AND RESISTANCE ZONEAfter 2 weeks nifty now trade under the range zone . right time to enter for short
Nifty 50 Index Next MovePair : Nifty 50 Index
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Upper Trend Line and Retracement
Divergence - RSI
Break of Structure
Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave
SMC - CHOCH
Fibonacci Level - 78.60%
NIFTY--Fall Below 18260 levels (Expiry)??Observations::
---->> After gap up NIFTY clearly showing bearish pressure towards 18200 levels, if again price goes below 18260 levels, we will go for selling up to 18200,18120,18060 levels.
------->> If any one of these levels acts support price will again goes upside.
-------->> Wait for more confirmation at 18200-18180 range to break and pullback to 18260 or 18220 levels.
-------->> Above we have a resistance @ 18380-18400 range.
NIFTY-Today bullish move created to exit the long positions??Observations:
-------->>Nifty trending upwards, today it proves that it's a retracement not a reversal sign.
-------->> Again showing bullish movement in nifty, witnessed buyers are still in control.
today bullish move created to exit the long positions?? why don't we think sooo....
-------->>We suspect that if it is a false breakout in nifty above 18260 level , this time the fall will be below 18060 levels.
-------->> At this point 18250 level, sellers are exists by showing a huge gap down , why don't we think of sellers may again push the price towards downside.
--------->> If we consider these 2 levels, 18200 or 18100 they are not strong enough to push the price higher, so if price started falling it may clear all these levels, and we have an untested demand zone@17960 levels.
NOTE:
Is this false breakout above 18260.
NIFTY- which level Holds 18200 or 18100 ??
NIFTY--Retracement is to Enter Long Again Not for Sell ??Observations:
-------->>Nifty trending upwards (after a huge gap down means not to sell, its a retracement)
---------->>After a strong bullish movement, after breakout from 17800 levels,
----------->>Nifty gives larger retracement towards 18050 levels, this retracement is to enter again long with the momentum upside towards 18300,18500 levels.
--------->> consider this an opportunity to enter long from these zones, not to enter for short.
--------->>Nifty showing pressure on bearish side, but wait and enter for long here, leaving a demand zone @18000-17960 levels. Be on long side with the movement.
NOTE:
NIFTY- Bullish from this zone 18000-17960 ??
Nifty Intraday trade set-up 8 May 2023NSE:NIFTY
Important levels for tomorrow
If ₹18050 is broken
Short entry: ₹18040
Stop Loss: ₹18100
Target: 1) ₹17920
2) ₹17800
Never trade a short without a stoploss.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
#Nifty50 Monday trend levels #Nifty50 Monday trend levels ,As I said in BN post, Nifty is also strong and more likely to go up to 18500 range before bear trap. Wait for bearish confirmation below 18000.
NIFTY--Gap down occurs @18260 level??Observations:
NIFTY Previously showing Strong bearish pressure at this level.
NIFTY-- Price leaving a demand zone 18180 if this level acts as support, price reach again 18260 level.
--------->> If failed to act as demand zone the same zone is acts as Supply again and price falls back to below 18180.
--------->> Go short below for targets of 18060,17950 levels.
Nifty intraday trade set-up 4 May 2023NSE:NIFTY
Strategy: Short
Risk to Reward Ratio: 4.9
Never trade a short without a stoploss.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
NIFTY--Drop-Base-Drop Form??Nifty Observations:
-------->> After opening gap down ,showing bullish pressure but not able to fill the gap on upside.
-------->> Consolidation is observed .
-------->> Go short if price breaks 18070 level, for targets of 18020,17980,17960.
-------->> Expiry may limit the price movement in the range 18100-17960 levels.
#Nifty50 trading levels for may 2nd#Nifty50 trading levels for may 2nd. Develop your intraday trading skills with these levels.
#nifty50 Friday trading setup #Nifty50 Friday trading setup. Trade only after the 15 minute candle closes the levels shown. Bearish below 17800 – Bullish above 18000
NIFTY --Strong Support @17840 -17800 ?? or Reversal @17500Note:
Strong Support @17840 -17800 will acts as support go long again from this levels to reach 18100,18200 levels.
It is recommended to remain on the buy side within the range of 17800-17840, as no significant retracement has been observed after breaking the supply zone at 17840 level.
If this level acts as support, weekly expiry is expected to be bullish to consolidation at (18100-18200).
Observations:
After trending upwards in NIFTY yesterday, today the price continuously moving upwards,
They are now poised to reach untested supply zones at 17920-18100 levels.
However,, and if any of the previous supply zones act as support, the price could move back upwards.
#Nifty50 expiry day trade levels #Nifty50 expiry day trade levels. Check key scalping levels at 15 minutes and 5 minutes.
NIFTY- Will reach 18000 by monthly expiry???Observations:
After trending upwards in NIFTY yesterday, today witnessed sellers opposes the price moving upwards,
They are now poised to reach untested supply zones at 17700-17680 levels.
However, buyers may lack the necessary power to push the price higher, and if any of the previous supply zones act as support, the price could move back upwards.
It is recommended to remain on the buy side within the range of 17700-17680, as no significant retracement has been observed after breaking the supply zone at 17680 level.
If this level acts as support, monthly expiry is expected to be bullish.
NIFTY-Fall again from LH @17760 (Demand acts as Supply) ???The NIFTY index has once again risen, but it has formed a lower high at 17760,
which is the same level as a previous demand zone. Interestingly, this same demand zone now appears to be acting as a supply zone,
as evidenced by the fact that prices have fallen back to the 17560.
If the price manages to break below the 17700 level, which is an internal supply zone,
it is likely that this level will once again act as a supply zone, causing prices to fall further below the support levels at 17560-17520.
Nifty50 Tuesday trading levels .Nifty50 Tuesday 25/04/2023 trading levels .
This breakout strength will only be confirmed by the end of this week. So it is still good to trade in small quantity.
Morning Mantra - 25th April 2023Dear All,
It was an amazing day yesterday . Wherein, we had observed that after a gap up opening of 17707, Nifty had made a day’s low of 17612 and had thereafter made a sharp recovery from that level.
Overall on the hourly chart of Nifty, we can now observe a head & shoulder formation . Wherein, the level of 17800 can be considered as its neckline . Above this level of 17800, we can see Nifty for the level 18134 approx in the near term.
Until the time we witness a closing of above 17800, we are still with our words to keep following the Cherry-picking strategy with the stop loss of 17300 , as of now.
Besides, the conservative players can go for fresh accumulation only after witnessing a beautiful and a strong closing of above 17800 .
Regards,
Alok Daiya
SEBI Registered Research Analyst
NIFTY-Will 17680-17660 Zone Resist again??
The NIFTY is failed to break the strong resistance level 17700, which are considered strong levels of supply zone..
However, the presence of a supply zone(17680-17660) and the upcoming expiry may limit the price movement,
and we can expect the price to remain within the range of 17700-17500.
if the same range again act as resistance go short for downside targets of 17580-17520 level.
NIfty 24th April 2023 Monday opening setupNifty will open gap up and will take resistance at 17700 or 17712 and will start fall slowly. until 17588.
BUY Above 17644 (NIFTY 17600 CE) Target 17663, 17677,17700,17735, 17777,17826
Sell Below 17636 (17650 PE) Target 17612,17588,17557,17514, 17483.
