U turn is possible in Nifty from the level of 19425. Weekly View

2 Jul 2023

Hello Traders,
How are doing everyone. I have done analysis on NIfty for 2 weeks analysis, and my analyse is that, Nifty can take U turn once it will reach at somewhere 19425-19500 levels. Logic behind of this analysis is proper visible on 2 hour charts. You guy's just have a look on 2 hour chart and you will see that nifty is trading in higher highs and higher lows kind of pattern. so next higher highs could be somewhere in between 19425-19500 levels.

So for me i will wait for that levels to short nifty for the target of 19000 levels. Other logic behind of this trades is that We have seen continuously 2 gaps back to back on 2 hour chart, and let me tell you tomorrow it is again going to open in gap up somewhere 19200+ levels. Well Market is highly bullish here, so do not short until do not get confirmation from top trendline.
Let's see where the market is going, we will do trade according to our analysis.


Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.

If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box.
Thankyou,

Regards
Rahul Pal

3 Jul 2023

Nota

3 Jul 2023

Nota

this is going to test 19400+ levels till coming two days

4 Jul 2023

Nota

5 Jul 2023

Nota

5 Jul 2023

Nota

I have a btst trade in it:-
Buy Nifty 6th july 19350 pe at 41 now, keep stop loss at 20 and go for the target above 65/95/125+

5 Jul 2023

Nota

follow strict stop loss in it.

5 Jul 2023

Nota

just small stop loss for 20 points

5 Jul 2023

Nota

OMG 52

5 Jul 2023

Nota