Nifty direction by MSN

MSN1979

Well-Known Member
#1
Levels of Nifty for 27th Dec 2021
1640514869922.png


Future Trend Analysis Based on Previous PA
1640515217825.png

HTF Analysis on Hourly: After TL broke good selling pressure was seen, which got paused at important support of 16,900 where we saw some profit booking, which pushed nifty up, in the final hour sellers came back but nifty closed above important level
1640515332319.png

STF 15: Major is Down, if gaps down it may pull back to 16900 only to go further down to 16700-750 zone, where some support is present, if gaps up above 17050 it may go upto 17150-200 where strong resistance is present at 17150-200

1640515910853.png
 

Attachments

MSN1979

Well-Known Member
#2
280-350 Resistance from Daily TL

1640601335348.png


1640602217135.png

1640600994534.png


Major remains down
Blue Line was above support zone were long
Every Pull back and CPB is an opportunity to add
SL is hourly candle low for longs, below which trend is expected to negate on down again.

Trend Analysis for 28-12-21

Same place open, expecting sideways and if nifty holds this area for first half then a breakout which should give us a good up move,
Gap up near resistance nifty might come back to retest before going further up
Gap down should cause nifty to retest todays breakout zone before moving back up. ( it will always go to retest low or if the trend is strong it will retest today's bo)

Note: Watch for TL coming from above on daily may act as a strong resistance zone.
 
Last edited:

MSN1979

Well-Known Member
#3
Nifty came to end of the world after gap up, Supply was seen near day high all day. Day low buying came, but this kind of PA is a turn off for any trader. What worked today, Selling at Resistance and buying at Support ( Technically Price did not even come to proper support to initiate any buy)
Anything else would have been whipsawed.

We are closing on TL Resistance, price will try to touch Resistance and then a trade can be initiated at failure or BO

1640686887734.png


Looking at Hourly: Would it be better if they declared Holiday Today?
NTZ: No Trade Zone

1640687048636.png



15M: 1 trade today for Reversal Traders, most likely sl hit, no more trades today

1640687192914.png


Major remains down
Sideways Market

Trend Analysis for 29-12-21

NTZ: Flat Opening would cause a NTZ, no trade zone
Gap up near TL, Exit T1, wait for Reversal and take sniper attack, Bo of TL and Price Sustaining above it would cause fresh buying in nifty.
Gap down should cause nifty to test 17100 or retest bo zone
1640687648645.png


Time for a holiday Maybe?
 

MSN1979

Well-Known Member
#4
Feels good to have correct analysis, price kissed TL and strong Sell of was seen, Intraday played as expected, Swing T1 Closed, T2 Holding for ISL
1640772119747.png


Lets see what hourly did: as expected price played within yesterdays range

1640772196606.png


LTF: 15, 2 trades triggered today in LTF, 1 long bo of sideways and 2nd rejection from Daily TL

Trade 1 SL Hit, Trade 2 short was a good R:R Trade

1640772444274.png


Trend analysis for 30th:
Major is down

We are NTZ, we must keep trade numbers to minimum and only Trade at correct places with a Strict SL

Market should remain sideways, Unless we have a bo in either side

Gap Up: Less likely after the sell off in last minute

Gap Down: Highly possible, we might see a good sell of tomorrow

Sideways open: Do not trade in sideways stay out.

Patience game has started, NTZ no trades, Bo any side, we join party, bo on top side wait for retest or wait for price to sustain above Sloping TL, but expectetation of sideways to continue. ( the bigger the sideways the bigger the bo will be)
1640773030434.png
 
Last edited:

MSN1979

Well-Known Member
#5
Not going to post todays levels, nothing changed, market was 3rd consecutive day sideways, tomorrow avoid trading in NTZ and a big move is pending either side.

Markets closed on TL
 

MSN1979

Well-Known Member
#6
Nice up move on 31st

Important Notes: Price is now trading above 50 Ema On Daily, this pull back is different from last 2 pull backs

Resistance Levels R1 430-450 R2 620-640

Future analysis : Long term Trend Line if broken with a strong move, we can hold nifty, any side of weakness on Trendline would turn Nifty bearish, If Nifty Clears and Sustains above 450 Next Target is 620-640 where another major resistance is present


Strategy for Monday: Gap up Near 430-450, No trades, Wait for Pa to develop near TL and then enter short long. Sniper attack on Short side on rejection are high probably trades.
Flat Open: Nifty can go to retest 230-250
Gap Down: If Nifty holds Buy zone of 230-250 it may try to attempt TL again, If price sustains below 230 and breaks the last buy zone we may see fresh selling in nifty

Note: Gap up above : 430 , Nifty needs to sustain above it and probability of going up further would be low and it may come back to test TL again

1641099751127.png


Hourly: Looks very congested, Initiate trades at important levels only or stay out. Sniper attacks can be attempted at important levels.

1641099943498.png


LTF :15

1641100420022.png


15 gives us more clarity of where trades are visible.
 

MSN1979

Well-Known Member
#7
The analysis went wrong yesterday, the only move that had the lowest Probability worked. Trend will change to up if nifty stays above 17740-17780

Future analysis: Expecting reversal, 5-7 days of rally, Expecting reversal from 17740-17780

Daily analysis

1641267113348.png


Correction should come today or soon, Nifty should go to retest 16800, No further analysis as Day 1 analysis image 2 has gone wrong and day before yesterdays analysis also went wrong. Will wait for my analysis to align with nifty before posting again.
 

Romeo1998

Well-Known Member
#8
saved money for 1 year
played video game from 26th dec 2021 to 18th jan 2022
game over in under a month
it so easy for old experienced players to tooked money from new unexperienced players
just like tooked candy from kid haha :pompus::DD:DD:DD
ezgif.com-gif-maker.gif
ezgif.com-gif-maker (1).gif
ezgif.com-gif-maker.gif
ezgif.com-gif-maker (1).gif
 
Last edited:

Similar threads

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

Name:Phone:
Email:City:
State:
Are you a day trader?