Nifty and Banknifty Clues of Repetition and Further Direction

 

Hallo Friends ,

I am writing after a long time here on Blog due to some other priorities. Now will probably writing frequently. Hope you all doing well.

Nifty Future Corrections and its Repetitions :-

• 1st Correction from 8329 to 8241=88 points

• 2nd Correction 8468 to 8433= 135 points

• 3rd Correction 8698 to 8555= 143 Points

• 4th Correction 8846 to 8727 = 119 points

 

So Nifty Future Corrections are between 90 to 140 points approx. in this strong upmove. And after Corrections it is continuously making upmove.

Now what we can understand or take from this?

1. 1st scenario of continuation of upmove—here we have to see if Nifty future makes any correction of around 90 to 140 points there we can watch out for price action for possible continuation of Upmove.

2. 2nd scenario of reversal or  bigger correction – here if Nifty future continues to correct more than 140 points we can have a cautious approach for long side and can look for possible reversal or bigger retracement.

 

Banknifty Future Corrections and its Repetitions:-

 

Like we discussed in Nifty Future same scenario here.

• 1st correction of 18280 to 17855 = 425 Points

• 2nd Correction of  19297 to 18742 = 555 points

• 3rd Correction of 19874 to 19492 = 382 Points

• 4th Correction of  20504 to 20055 = 449 Points

One more correction on a Gap Up day of break of Consolidation is of 20874 to 20420 =454 Points (this I havent marked on Charts)

So broadly Banknifty Future Corrections are between 380 Points to 550 Points approx.

Same thught process here as above in Nifty Future. we can watch for the correction if Coming can range between 380 to 550 Points  and if goes more we have possible scenario of Retracements or may be reversal.

Keep Counting Numbers…

Till then Happy trading…

If you have any view can comment below.

Chart Updates on Telegram Channel :-

Nifty And Banknifty Turning Points (ARZ)

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Nifty Trading Plan –3rd Feb

 

TraderAdda TRADING PLAN

 

 

• This will consist of VSR LEVELS (Visual Support and Resistance Levels). These are very Special levels which are focused for taking positions in INTRADAY and also for POSITIONAL Trades.

 

• At these levels we see the Behavior of the NIFTY on Charts and based on it we can enter here.

 

• These levels Provides Very GOOD REWARD/RISK RATIO.

 

• All Levels are SPOT LEVELS Unless it has been mentioned specifically.

 

TraderADDA VSR (Visual SUPPORT and

RESISTANCE) Levels for 3rd Feb:-

• Nifty May start its movement towards 5975 in todays session.
• For that to reach it has to break two hurdles 6043 and 6005 , so sell on Rise continues.

CURRENT STATUS :-SHORT FROM 6353.

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Nifty Trading Plan –31st Jan

 

TraderAdda TRADING PLAN

 

 

• This will consist of VSR LEVELS (Visual Support and Resistance Levels). These are very Special levels which are focused for taking positions in INTRADAY and also for POSITIONAL Trades.

 

• At these levels we see the Behavior of the NIFTY on Charts and based on it we can enter here.

 

• These levels Provides Very GOOD REWARD/RISK RATIO.

 

• All Levels are SPOT LEVELS Unless it has been mentioned specifically.

 

TraderADDA VSR (Visual SUPPORT and

RESISTANCE) Levels for 31st Jan:-

 

• Nifty May be in CONSOLIDATION MODE for First HALF.
• But sell on rise still valid.

CURRENT STATUS :-SHORT FROM 6353.

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Nifty Trading Plan –30th Jan

 

TraderAdda TRADING PLAN

 

 

• This will consist of VSR LEVELS (Visual Support and Resistance Levels). These are very Special levels which are focused for taking positions in INTRADAY and also for POSITIONAL Trades.

 

• At these levels we see the Behavior of the NIFTY on Charts and based on it we can enter here.

 

• These levels Provides Very GOOD REWARD/RISK RATIO.

 

• All Levels are SPOT LEVELS Unless it has been mentioned specifically.

 

TraderADDA VSR (Visual SUPPORT and

RESISTANCE) Levels for 30th Jan:-

• Nifty May go towards levels of 6043, 6005  so today only SELL on RISE is our view.

CURRENT STATUS :-SHORT FROM 6353.

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Nifty Trading Plan –29th Jan

 

TraderAdda TRADING PLAN

 

 

• This will consist of VSR LEVELS (Visual Support and Resistance Levels). These are very Special levels which are focused for taking positions in INTRADAY and also for POSITIONAL Trades.

 

• At these levels we see the Behavior of the NIFTY on Charts and based on it we can enter here.

 

• These levels Provides Very GOOD REWARD/RISK RATIO.

 

• All Levels are SPOT LEVELS Unless it has been mentioned specifically.

 

TraderADDA VSR (Visual SUPPORT and

RESISTANCE) Levels for 29th Jan:-

• Nifty if goes to 6170 Can SELL with SMALL SL and 6223 is good short level to enter in Positional short.

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Nifty Trading Plan –28th Jan

 

TraderAdda TRADING PLAN

 

 

• This will consist of VSR LEVELS (Visual Support and Resistance Levels). These are very Special levels which are focused for taking positions in INTRADAY and also for POSITIONAL Trades.

 

• At these levels we see the Behavior of the NIFTY on Charts and based on it we can enter here.

 

• These levels Provides Very GOOD REWARD/RISK RATIO.

 

• All Levels are SPOT LEVELS Unless it has been mentioned specifically.

 

TraderADDA VSR (Visual SUPPORT and

RESISTANCE) Levels for 28th Jan:-

• Today as RBI POLICY is ahead there will be volatility in market and this may lead to break previous support of 6120-30 levels.. from where market has taken support.
• Ultimately we think that market may move towards 6043 is what we expect  may be in today or tomorrow.
• But if due to any reason NIFTY GOES to 6223 then one can have a good chance to SHORT.

 

CURRENT STATUS :-SHORT FROM 6353.

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Nifty Trading Plan –22nd Jan

TraderAdda TRADING PLAN

 

 

• This will consist of VSR LEVELS (Visual Support and Resistance Levels). These are very Special levels which are focused for taking positions in INTRADAY and also for POSITIONAL Trades.

 

• At these levels we see the Behavior of the NIFTY on Charts and based on it we can enter here.

 

• These levels Provides Very GOOD REWARD/RISK RATIO.

 

• All Levels are SPOT LEVELS Unless it has been mentioned specifically.

 

TraderADDA VSR (Visual SUPPORT and

RESISTANCE) Levels for 22nd Jan:-

• Today also we are firm….Larger Trend is UP and  and Short term trend also Showing Up Movement but it needs to Cross 6340 SPOT LEVEL Decisively.
• So we will be Cautious and will be taking decisions based on above levels.

POSITIONAL LONGS ABOVE 6340 ONLY

CURRENT STATUS :-SHORT FROM 6340.

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Nifty Trading Plan –21st Jan

 

TraderAdda TRADING PLAN

 

 

• This will consist of VSR LEVELS (Visual Support and Resistance Levels). These are very Special levels which are focused for taking positions in INTRADAY and also for POSITIONAL Trades.

 

• At these levels we see the Behavior of the NIFTY on Charts and based on it we can enter here.

 

• These levels Provides Very GOOD REWARD/RISK RATIO.

 

• All Levels are SPOT LEVELS Unless it has been mentioned specifically.

 

TraderADDA VSR (Visual SUPPORT and

RESISTANCE) Levels for 21st Jan:-

• Larger Trend is UP and  and Short term trend also Showing Up Movement but it needs to Cross 6340 SPOT LEVEL Decisively.
• So we will be Cautious and will be taking decisions based on above levels.

POSITIONAL LONGS ABOVE 6340 ONLY

CURRENT STATUS :-SHORT FROM 6340.

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Nifty Trading Plan –20th Jan

TraderAdda TRADING PLAN

INITIATIVE:-

Traderadda is Starting a INITIATIVE of POSTING daily NIFTY TRADING PLAN starting from the 20th JAN Trading Session.

• This will consist of Visual Support and Resistance Levels. These are very Special levels which are focused for taking positions in INTRADAY and also for POSITIONAL Trades.

 

• At these levels we see the Behavior of the NIFTY on Charts and based on it we can enter here.

 

• These levels Provides Very GOOD REWARD/RISK RATIO.

 

TraderADDA VSR (Visual SUPPORT and

RESISTANCE) Levels for 20 th Jan:-

• Larger Trend is UP and Short term trend is Down. So to capture this Short term Trend Opportunities we think that if we get NIFTY again around 6303 then one can go short here. Those who have missed the short on 6340 can make entry here.
• We feel that markets may take supports at around 6241 or 6222 levels for time being.

 

POSITIONAL LONGS ABOVE 6340 ONLY

CURRENT STATUS :-SHORT FROM 6340.

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Sell Nifty Future- 26 JUN

 

Sell Nifty FUT (2lots)

at and Below 5613

SL  =5625

TGTs = 5600, 5588, 5573

For RULES Click Here

SL and TGTs will be Updated after the Call is Active.

Disclaimer and RISK WARNING:-

All these Trades and Calls are Posted for Educational Purpose and nobody should take it as a Recommendation to Trade. If anybody is Trading these calls then He/She will be solely responsible for his/her Profit/Loss. Before taking any Trade please take advice of your Financial Advisor.

I may or may not have positions in the Calls/Trades Shared here.

Read Our Full Disclaimer Here.

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Buy Nifty Future- 25 JUN

 

Buy Nifty FUT (2lots)

at CMP 5618-5620

SL  =5608

TGTs = 5633, 5648

For RULES Click Here

SL and TGTs will be Updated after the Call is Active.

Disclaimer and RISK WARNING:-

All these Trades and Calls are Posted for Educational Purpose and nobody should take it as a Recommendation to Trade. If anybody is Trading these calls then He/She will be solely responsible for his/her Profit/Loss. Before taking any Trade please take advice of your Financial Advisor.

I may or may not have positions in the Calls/Trades Shared here.

Read Our Full Disclaimer Here.

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Nifty Fut Mid Session

 

• Nifty Fut firstly can inch towards Yellow line area 5685 and can face some resistance in the area below and above it.

 

• If taken our that area of hourly candles then 38 % retracement can be expected. From there one can expect some fall. At present the 38 % is at 5713. This 38 % can be done today or Monday.

 

• 21 Hrly EMA is also placed near 5717 at present.

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In Session Nifty Observation –Retraced by 50 %

Some Nifty Fut Observations:-

• As the chart shows Nifty fut is Retraced at 50% from Yesterday’s High and given bounce from Exactly Near 50% retracement.

 

• Now if Nifty able to break today’s high and sustain above it for 10-15 min’s then Nifty Fut can run towards of 5880-5907 can be expected.

 

• Where as on the downside 61.8 % retracement level can be watched for major SUPPORT area which is 5759 at present.

Another Chart Below show One more Retracement Idea:-

Chart above itself is self explanatory:-

• It shows that NIFTY FUT has retraced till 38.2% of the Fall from 5867 to 5776 which is around 5811 and after making 38% selling pressure came and it again came down.

 

• Now here also we have to watch keenly 61.8 % of the Fall which is 5832 at present which if taken out decisively then NIfty Fut can march towards 5880-5907 levels.

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PreOpen Based Nifty Future Intraday Trade Plan- 12 Mar

Today’s  My Nifty Future Trade Plan based on PreOpen Values.

How Do I trade Using This?

These are Mechanical Levels.

• As Per Recommendations I trade Only Fresh Trades.
• Never Catch Running Trades.
• I Book Part Profits As Per Targets.
• All Levels Are Spot Levels.

 

Keep Eye On These Levels for Today’s Session:-

TraderAdda Support Level      :-5245, 5205

TraderAdda Resistance Level :- 5310, 5343

 

What Next?

If you like our articles at Traderadda.Com, the effort we are taking for our Readers, help us spread TraderAdda.Com with Fellow Traders.

How you can do it:-

Share Traderadda to Facebook, Twitter, or with your friends, or Submit it to Stumbleupon , DIG it, Google Plus ONE  Circles … you can do it by clicking buttons available on the Left or in the Post.

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PreOpen Based Nifty Future Intraday Trade Plan- 9 Mar

Today’s  My Nifty Future Trade Plan based on PreOpen Values.

How Do I trade Using This?

These are Mechanical Levels.

• As Per Recommendations I trade Only Fresh Trades.
• Never Catch Running Trades.
• I Book Part Profits As Per Targets.
• All Levels Are Spot Levels.

 

Keep Eye On These Levels for Today’s Session:-

TraderAdda Support Level      :-5245, 5205

TraderAdda Resistance Level :- 5310, 5343

 

What Next?

If you like our articles at Traderadda.Com, the effort we are taking for our Readers, help us spread TraderAdda.Com with Fellow Traders.

How you can do it:-

Share Traderadda to Facebook, Twitter, or with your friends, or Submit it to Stumbleupon , DIG it, Google Plus ONE  Circles … you can do it by clicking buttons available on the Left or in the Post.

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PreOpen Based Nifty Future Intraday Trade Plan- 7 Mar

Today’s  My Nifty Future Trade Plan based on PreOpen Values.

How Do I trade Using This?

These are Mechanical Levels.

• As Per Recommendations I trade Only Fresh Trades.
• Never Catch Running Trades.
• I Book Part Profits As Per Targets.
• All Levels Are Spot Levels.

 

Keep Eye On These Levels for Today’s Session:-

TraderAdda Support Level      :-

TraderAdda Resistance Level :-

 

What Next?

If you like our articles at Traderadda.Com, the effort we are taking for our Readers, help us spread TraderAdda.Com with Fellow Traders.

How you can do it:-

Share Traderadda to Facebook, Twitter, or with your friends, or Submit it to Stumbleupon , DIG it, Google Plus ONE  Circles … you can do it by clicking buttons available on the Left or in the Post.

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PreOpen Based Nifty Future Intraday Trade Plan- 6 Mar

Today’s  My Nifty Future Trade Plan based on PreOpen Values.

How Do I trade Using This?

These are Mechanical Levels.

• As Per Recommendations I trade Only Fresh Trades.
• Never Catch Running Trades.
• I Book Part Profits As Per Targets.
• All Levels Are Spot Levels.

 

Keep Eye On These Levels for Today’s Session:-

TraderAdda Support Level      :-5216, 5185

TraderAdda Resistance Level :- 5335, 5285

 

What Next?

If you like our articles at Traderadda.Com, the effort we are taking for our Readers, help us spread TraderAdda.Com with Fellow Traders.

How you can do it:-

Share Traderadda to Facebook, Twitter, or with your friends, or Submit it to Stumbleupon , DIG it, Google Plus ONE  Circles … you can do it by clicking buttons available on the Left or in the Post.

Read more ...

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PreOpen Based Nifty Future Intraday Trade Plan- 5 Mar

Today’s  My Nifty Future Trade Plan based on PreOpen Values.

How Do I trade Using This?

These are Mechanical Levels.

• As Per Recommendations I trade Only Fresh Trades.
• Never Catch Running Trades.
• I Book Part Profits As Per Targets.
• All Levels Are Spot Levels.

 

Keep Eye On These Levels for Today’s Session:-

TraderAdda Support Level      :-5310, 5268

TraderAdda Resistance Level :- 5395, 5461

 

What Next?

If you like our articles at Traderadda.Com, the effort we are taking for our Readers, help us spread TraderAdda.Com with Fellow Traders.

How you can do it:-

Share Traderadda to Facebook, Twitter, or with your friends, or Submit it to Stumbleupon , DIG it, Google Plus ONE  Circles … you can do it by clicking buttons available on the Left or in the Post.

Read more ...

Read More Add Your Opinion 0 Opinions

PreOpen Based Nifty Future Intraday Trade Plan- 2 Mar

Today’s  My Nifty Future Trade Plan based on PreOpen Values.

How Do I trade Using This?

These are Mechanical Levels.

• As Per Recommendations I trade Only Fresh Trades.
• Never Catch Running Trades.
• I Book Part Profits As Per Targets.
• All Levels Are Spot Levels.

 

Keep Eye On These Levels for Today’s Session:-

TraderAdda Support Level      :-5310, 5268

TraderAdda Resistance Level :- 5395, 5461

 

What Next?

If you like our articles at Traderadda.Com, the effort we are taking for our Readers, help us spread TraderAdda.Com with Fellow Traders.

How you can do it:-

Share Traderadda to Facebook, Twitter, or with your friends, or Submit it to Stumbleupon , DIG it, Google Plus ONE  Circles … you can do it by clicking buttons available on the Left or in the Post.

Read more ...

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PreOpen Based Nifty Future Intraday Trade Plan- 1 Mar

Due to My Internet Problem Not able to update on time.

Today’s  My Nifty Future Trade Plan based on PreOpen Values.

How Do I trade Using This?

These are Mechanical Levels.

• As Per Recommendations I trade Only Fresh Trades.
• Never Catch Running Trades.
• I Book Part Profits As Per Targets.
• All Levels Are Spot Levels.

 

Keep Eye On These Levels for Today’s Session:-

TraderAdda Support Level      :-5310, 5268

TraderAdda Resistance Level :- 5395, 5461

 

What Next?

If you like our articles at Traderadda.Com, the effort we are taking for our Readers, help us spread TraderAdda.Com with Fellow Traders.

How you can do it:-

Share Traderadda to Facebook, Twitter, or with your friends, or Submit it to Stumbleupon , DIG it, Google Plus ONE  Circles … you can do it by clicking buttons available on the Left or in the Post.

Read more ...

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