Nifty 50 case study before budget 2023As disclosed, in the chart drawing, I feel strongly, that Nifty 50 is still having fundamentally bearish structure. Budget is a big event. So, I am guessing 2 probable structures and one is bearish and one is countering the bearish.
Weightage, still is as of now on bearish side, as present data suggests the same.
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Nifty 50 index In nifty 50 index we will see some massive short covering above 18070
After we having a bearish harmonic prz of d leg at 18177 any breakout above 18250 we will see a good momentum upmove
View intact with buy on dips
Ask your financial advisor before taking any action based on my view
Only for educational purposes
Nifty 50 Index fell below major zones The nifty 50 Index fell three consecutive sessions, falling below the 18342 support line around the rising wedge and 18036 critical support zone in Friday's session, as indicated in the price chart. 18036 crucial area is a level to watch, as demonstrated in the past, where it served as support and resistance since October 2021. Bulls will need to reclaim 18036 to re-visit 18342. History could repeat itself if the price fails to hold above 18036
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NIFTY 50, 15 mins, AlgoInfinity Trading Strategy - AnalysisAsset = NIFTY 50
Timeframe = 15 mins
Date From = 01-Jan-2022
Date To = 07-Dec-2022
Contract size = 1
Risk Reward ratio = 1:4
Profitability = 74.36%
Investment Capital = 10,000 GBP
Profit = 14209.10 GBP (142.09%)
Drawdown = 2.2%
Profit Factor = 3.379
Nifty 50 As Predicted Wave C Based on my previous Nifty 50 chart,
As I predicted Wave C has almost reached close to Fib Retracement 1.272 level. We have to keep in mind that India Vix at its very low, I don't think wave C could make more than 18000 level.
Hope you traders will like it. Thanks for viewing ":-)
Nifty 50 - Bullish Outlook following 5 Consecutive Down WeeksThe Nifty 50 Index (NSE) has fallen for the 5th consecutive week. Over the past 20-years, a weekly losing streak of this length has been observed 12 times. Similar weekly pullbacks have usually resolved to the upside looking forward 7-weeks, delivering an average gain of 5.1% with a win rate of 10 from 12 events.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Nifty 50 - Bullish Outlook following 5 Consecutive Down WeeksThe Nifty 50 Index (NSE) has fallen for the 5th consecutive week. Over the past 20-years, a weekly losing streak of this length has been observed 12 times. Similar weekly pullbacks have usually resolved to the upside looking forward 7-weeks, delivering an average gain of 5.1% with a win rate of 10 from 12 events.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.