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Nifty Update on 18th February 2022 I tried to explain everything on the chart to understand the price structure and where we were trading. I have used the hourly chart to describe, but it's the same daily and weekly. Index swings, highs, and lows were messy, clearly an nondirectional market. Intraday =============== Intraday is very tricky and asks the expertise and experience both Sideways market is not easy to trade for novice traders. I am not demotivating to anyone. Try to explain what kind of market it is and what risks are involved. INTRADAY RESISTANCE :17,350 INTRADAY SUPPORT : 17,200 Rules you must follow in Intraday. 1) Choose your segment Wisely 2)Avoid holding the overnight position 3)Minimum Position size 4)Use stop loss in the system 5)Closed the Terminal if target achieved Understanding the importance of these trading rules and how they work together can help a trader establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of s
NSE:NIFTY
by CodeViser
1
NIFTY | Likely to continue downtrend.When it comes to the technical analysis of NIFTY, it is in a downtrend. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:NIFTYShort
by maxprofwizard
Nifty rising in a steep Channel, but will the momentum sustain?Nifty is rising in a steep channel the momentum can sustain if important resistances are taken down. Resistances on the upper side are 18294, 18345, 18440, 18510 and finally the ATH high of NIFTY which is 18606. The supports on the lower side are 18133, 17973, 17819, 17617 and finally 17553 which is 50 EMA. Below 17553 weekly closing the bears will take control of the market for a while. The next week will decide if we will see a new high or there will be more consolidation.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY | Still in Bullish Trend.When it comes to the technical analysis of NIFTY , it is in an uptrend. Right now price is staying near 17818. But it is not a good idea to go long from that price range. And the price is a tad far away from the previous demand area; which means the price is expensive right now. So you should only buy the security if the price pulls back to the previous demand zone; where price is cheaper. There is a good chance the price might get rejected from the previous supply area. So you could expect a pull back to previous demand zone. If it does, you may go long by placing the stop below the demand zone. Your targets are T1, T2 and T3. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:NIFTYLong
by maxprofwizard
1
NIFTY - Next week Analysis🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:NIFTYLong
by PrakWorld_Traders
Nifty update on 20th December 2021Good Morning, everyone. I hope you guys had a great weekend and enjoyed your family time. Let's get back to work and talk about the nifty first. The Index has shifted its intraday range which was valid since 14th Dec, Sentiment is still negative, and Index is falling from every swing high, which is a clear sign that profit booking is continuing. The Index has closed lower than 17,000 and is testing its strongest demand zone again (16.800 to 17,000). India USD and SGX are trading on a flat note, and I am accepting a small gap up or a flat opening. 30 Minute time frame ======================== Intraday Resistance: 17,110 Intraday Support : 16,950 Long can build above 17,110 for the target of 17,200 High Probability trade is short side lower than 16,950 for the target of 16,850 .. You can hold your position if 16,800 breaks in the intraday. Daily Time Frame ================== Index wider range is 17,650 to 16,800. The Index is going to test its demand zone again. A breakdown will cause more bloodbaths, and Index can test 16,000 in a couple of weeks. Trade Accordingly. Good Luck
NSE:NIFTY
by CodeViser
Nifty update on 13th Dec 2021Good morning everyone, I hope you guys have a great weekend. Now time to get back to work and talk about the first trading day for this week. The Index is trading on the hourly resistance (17,600 to 17,650), and a breakout can change the hourly trend downtrend to an uptrend, but the problem is that the higher time frame is still negative Intraday is a bit risky these days. India USD and SGX are both trading on a positive note. CMP is 17,657, almost 150 points up from our Friday closing, so there are higher chances of seeing a gap again. Intraday Trade Setup on 13th Dec. 2021 ===================================== Intraday Resistance : 17,600 Intraday Support is: 17,380 Key Resistance : 17,840 Key Support:17,000 Trade Accordingly. Good Luck
NSE:NIFTY
by CodeViser
Nifty Still under Pain Hi Nifty looks like is still under pain, it is because from 22nd or 24th April 2021 low we are in extended wave 5th wave & for education note that if 5th wave is extended then it will retrace full 61% in that we would like to advise or suggest that if this time we break below 16930 odd levels then will see 16600 levels in coming days. One more finding is as per hourly chart that we have completed A from ATH & now we are in B but i am not so keen to consider these counts because yesterday fall looks impulsive if not then Nifty has to cross 17330 level to negate impulsive down. Best of Luck.....!!!
NSE:NIFTYShort
by VK100982
Nifty Update on 03rd December 2021Nifty has shown a trend reversal in the hourly time frame, breaking the critical level (17,350) and closing above on it. The daily trend is bearish, and the hourly trend is bullish, which creates confusion in intraday. You Guys need to understand both of the time frames to build your trade-in intraday. In a shorter time frame, the Index can move upside, but swings are messy because daily sentiment has not changed yet, and FIIS continues selling in the market. SGX and India USD are trading on a flat note; the Current CMP is 17,419, a sign of a small gap or a flat opening. Important support to watch in the Intraday is: 17,300 to 17,25 Important Resistance watch in the Intraday is: 17,500 Trade Accordingly.
NSE:NIFTY
by CodeViser
Nifty update for 29th November 2021Good Morning, Everyone. I Hope you have to spend a great weekend and enjoyed your time; now, let get back to work and talk about the first trading session of this week. The market sentiment is negative, and the bear attack is full of throttle. The harmonic PRZ sits on 16,746, which can react as support, but we need a reversal sign from the harmonic PRZ first because the harmonic has multiple levels, so we need a sign for reversal. India USD and Sgx nifty both are tradings on a negative note. The current CMP is 16,952 means they managed to close lower to 17,000 and break the Phycological support and a sign for a gap down opening. Intraday Setup for 29th November =========================== The Key Resistance is 17,300 Intraday Resistance is 17,100 Intraday Support is 16,900 The Key Support is 16,750 Welcome to Bear Market. Stay safe. Good Luck
NSE:NIFTY
by CodeViser
2