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Niftytradesetup

Short/Sell Nifty50Nifty50 has been rallying for a while now and has entered overbought territory. Its reversal is not far. There is an inverse correlation between USDINR pair and Nifty50. now you can see from the charts below the USDINR pair is making a falling wedge which breaks to the upside and Nifty50 has been moving up in Rising Wedge which breaks to the downside. So, this could be a good trade opportunity for Nifty50 and a swing short trade. Also, Fundamentally DXY is making a long-term bottom and will rise in coming weeks, months which will cause further strength in the USDINR pair and fall in Nifty50. To Read my analysis on DXY go to the link below the post. If you like my content then please boost and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
NShort
by zakoraio
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 ??
NSE:NIFTY
by IIT-Trader
1
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 ??
NSE:NIFTYLong
by IIT-Trader
Nifty and US Markets have Negative Divergence. Since SGX Nifty runs through US Futures, and Nifty opens, stands after the story ends for SGX futures price. Yet, there have been disturbing divergences in Indian and US markets due to FED RATE HIKE. It's the season of Results and a developing nation's economy hardly upsets the stakeholders, given that Indian markets rallied a while, took some consolidation, ran again now they have gotten awaited a hall of stoppage. US markets might recover from the bottom they have formed they mostly do, but Nifty Index has lasted a rally too good to be true. Everyone is bullish that is why DIIs are selling, even though FIIs are buying daily. But a day like today says little more to come.
CME_MINI:NQ1!Short
by INDEXKING0
NIFTY--Retracement or Reversal ??Observations: --------->> After a strong breakout in nifty @17800 level, no proper retracement is observed. --------->> If 18200 acts as resistance we will observe a retracement towards 17800 or 17500 levels. --------->> If price break 18200,we have an immediate resistance @18250-18300, a false breakout may happen here @18200. ---------->>Price wants to test the previous supply @ 17800 level which may act as demand zone to move the price towards upside for the targets of 18200,18500 levels in the upcoming weeks. --------->>This week price is ranging between 17950-18200 levels. Note:: Consider it as a Retracement not a reversal in NIFTY.
NSE:NIFTY
by IIT-Trader
1