NIFTY FOR TOMMOROW -15 FEB 2022The index open with the gap down and saw a follow-up sell-off as well.
It formed a Big Bear Candle, which closed near its low.
Now the Same candle would act as a resistance for any bounce if any, however it looks like we might see some more sell-off in the Index and it may extend to 16150 - 16250 levels.
Hence it's a sell on rally market, any bounce if comes, would be an opportunity to open fresh short trades.
There is also Harmonic Patterns Probability on the charts
1. ABCD Pattern prz zone: 16150
2. Butterfly Pattern prz zone: 16300-16240
Disclaimer: Purely Education, not a recommendation to trade.
Niftytrading
Nifty trading setup for 10/01/2022Nifty making a bullish flag on hourly chart.
Trade this breakout target will be 18040.
One day closing above 18050 will take nifty to 18200.
On the flip side nifty is supported by trend line . trading below the trend line will give intraday dip.
Bullish trend support is placed at 17600.
Closing below 17600 will make nifty bearish again.
Nifty 8th November SetupNo trades taken in Nifty on 4th November as the market traded in a really narrow range for the time given for muhurat trading.
Nifty 8th November Levels:
Buy Above: 17950
Sell Below: 17900
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
TRADERSAI - A.I.POWERED NIFTY50 TRADING PLANS for MON 08/03 Hey all,
Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-3 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments.
Good luck with your trading today and have a great week ahead!
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Hey everyone!
After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index , we are now testing our models on the Indian stock markets with the NIFTY 50 Futures . This is our debut for you all who have been waiting for it!
While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you!
Legend:
(i) Use these line crosses on your choice of time frame chart.
Most aggressive - on a 1-minute chart
Moderate - 5 to 15 minute chart
Intraday swing - 30 minute chart
Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results.
(ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc.
Solid Green Line: Models would go long on a cross above this line
Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long). You can use Close-to-Close basis OR Open-to-Close basis OR Low-to-High, depending on your trading style.
Solid Red Line: Models would go short on a cross below this line
Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short). You can use Close-to-Close basis OR Open-to-Close basis OR High-to-High, depending on your trading style.
This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.