How to
trade nifty and bank nifty in the live market with important data and setup: PRE
MARKET REPORT: In the Premarket section, you will get the data that can affect
the market trends starting from opening. SGX DATA Is also very important to track
the trend of the first 1 to 2 hours if it is trendy aftermarket open and always
focus on identifying what the candle says because if you get any negative news or
any negative news is present in the market this should reflect in candle sticks
patterns. For example, if negative news is flowing in the market which can bring the
market down, then in LIVE CHART market should show negativity and the buyer should
be weak in the chart formation otherwise that negative news will not affect the
market. I only want to say follow candle stick patterns strictly and less
news. On 9/JUN/2022 NIFTY 50 market opened a gap down and made a move of 250
points closing above the 100/200 exponential moving averages and making a power
full trend with 2 Perfect Bullish engulfing on the pivot point and bull Trend flow
after 1:45 PM. How to trade nifty and bank nifty intraday and earn a good
monthly income
How to trade
nifty and bank nifty intraday and Make a good monthly income
SGX DATA: After
trading hours when SGX opened at 4:30 PM it took resistance from 16500 and
started falling downwards by making a price action.
Disclaimer: This article was posted on another Blog that I have updated here hope you like
In a 15-minute
time frame at 5:40 PM first bear engulfing came but the volume was not good, at
6:10 PM bear engulfing came on the Doji candle, but it didn’t confirm the bear trend because engulfing is on the DOJI(indecisive candle) candle again 6:40 PM Doji Bear engulfing occurs which
is not considerable. At 8:30 PM Bear Trend flow happens which confirms Bear
Market till the next bull price action via Bullish Engulfing or bull trend flow.
PERI MARKET
REPORT: In this section, you will see what has happened during the market hours
with all the technical and fundamentals that I basically use in my trading
setup.
SGX DATA: At
9:30 AM bullish candle with good volume on the S2 Pivot point is forming but wait
to close the candle as bullish price action is not formed in the last candlesticks
patterns as you see the candle closes with negative pressure from the upper side so we
will again wait for price action to take a trade. Now we will shift to nifty 50
charts with 15 15-minute time frames as the morning hour trend is not confirmed.
NIFTY 50: The market has opened between S1 and S2 and whenever the market opens between S1 and S2 PIVOT
POINT and between R1 and R2 market gives momentum so we will wait for price
action, secondly market is below 10 and take time to make bull price action so
we will wait.
At 10:45 AM Bear
engulfing came after the bull Test, you can also see at 10:15 bull engulfing
has come but 10/20 ema is not in favor of the bull so we will trade towards the downside secondly in the bank nifty strong Buyers are not available and the market is
taking resistance from S2 as bank nifty is far from 10/20ema so it may take
time to fall if buyers are not seen in the candle sticks patterns no problem as
we are taking a small stop loss. I basically trade NIFTY 50
We can buy 16350
Pe with a stop loss at 175; we will buy when 10:45 candle time remaining to close
is 15 to 10 seconds. You can take a profit of 50 to 60 points or wait till
bullish engulfing or bull trend flow comes on nifty 50 spot charts. As per the
Record buy at 190 market closes at 232 we are at end-day profit and entire day
exponential moving average in our favour only.
CHART DATA :
S.NO | DATA | NIFTY 50 | BANK NIFTY |
1 | PIVOT % | 3.09% | 2.85% |
2 | FIRST CANDLE % | 0.39% | 0.49% |
3 | FIRST CANDLE TYPE | Bear with sales Pressure | Bear with sales Pressure |
4 | FIRST CANDLE BIG/SMALL | SMALL | SMALL |
5 | TRADE ON RETRACEMENT | NO | NO |
6 | MARKET WITHIN FIRST CANDLE | NO | NO |
7 | OPEN PIVOT POINT | S1 | S2 |
8 | TARGET PIVOT POINT | S3 if Bear | Below S3 |
9 | PIVOT POINT DISTANCE | S1 to Near S3 | S2 TO Below S3 |
10 | RSI | 39 to 30 | 35 TO 29 |
11 | RSI DIFFERENCE | 09 | 06 |
12 | ADX 20 | 22 to 32 | 23 TO 34 |
13 | ADX 20 DIFFERENCE | 10 | 11 |
14 | TOTAL MOMENTUM % | 150 Points | 400 Points |
15 | END DAY PROFIT | Yes | Yes |
16 | TREND FLOW | Bearish | Bearish |
17 | ENGULFING | 10:45 Bear engulfing | 11:15 AM Bear engulfing |
18 | BEAR FLATE TOP | 11:15 AM,16275 | 11:15AM,34639 |
19 | BULL FLATE BOTTOM | NO Seen entire day | 34371 With Selling Pressure |
20 | FIBBO DATA | 16300,16245 | 34657,34357 |
21 | SGX DATA BULL /BEAR SIGN | Bear Market | Bear Market |
22 | RSI DIVERGENCE | No Divergence | No Divergence |
23 | CANDLE RATIO FORMATION | 1: 2 Followed ,10 AM,10:45 AM | 1: 2 Followed,12:15,12:30 candle |
24 | OPTION DATA | ON OUR FAVOUR, CALL Writer | ON OUR FAVOUR, CALL Writer |
TODAY's CHART
IMAGES WITH EXPLANATION: In Chart Explanation, I will explain only one chart
either nifty or bank nifty if I have time I will explain both. Maximum times
both charts are interrelated to each other we will only trade the index which
gives better confirmation to trade. I basically share option buying strategy and
only share option selling if the market is totally sideways.
TODAY's CHART
THEORETICAL EXPLANATION: In this section, you will find the theoretical
explanation of the above chart.
S.NO | TIME | CANDLE DATA OF NIFTY 50(15 MIN.) OPTION BUYING (Pe) |
1 | 9:15 AM | Bear candle with selling pressure |
2 | 9:30 AM | Bull candle first pullback, Never buy on First Pull Back |
3 | 9:45 AM | Weak Bear candle, not considerable,2nd Pull back |
4 | 10:00 AM | Bear weak candle taking support at S2 |
5 | 10:15AM | 2ND Bull engulfing at pivot point but ema not support, NOT BUY |
6 | 10:30 AM | Bull candle but buyers are moving away, compare both candles |
7 | 10:45 AM | 2nd Pull back near pivot point with engulfing, also check BANKNIFTY, enter (Pe) |
8 | 11:00 AM | As per the ratio form, 4 bear candles should be formed, bear candle |
9 | 11:15 AM | Strong Bear candle |
10 | 11:30 AM | 4 bear candle as per ratio, book profit or place as to cost, wait |
11 | 11:45 AM | Bull doji candle |
12 | 12:00 PM | Weak bull candle |
13 | 12:15 PM | Bear candle |
14 | 12:30 PM | Strong bear candle |
15 | 12:45 PM | Bear candle |
16 | 1:00 PM | Weak bull candle, market is away from 10/20 ema, May go sideways |
17 | 1:15 PM | Bear candle |
18 | 1:30 PM | Strong bull candle, but below 10 ema |
19 | 1:45 PM | Bear rejection from 10 ema |
20 | 2:00 PM | Bear candle with flat top |
21 | 2: 15 PM | Weak bear candle |
22 | 2:30 PM | Weak bull candle |
23 | 2:45 PM | Bull candle |
24 | 3:00 PM | Bull candle testing 10/20ema but has selling Pressure |
25 | 3:15 PM | Bear candle |
POST MARKET
REPORT: In this section, you will find which stock affects the market momentum
and which stocks contributed to the momentum of our indices NIFTY and BANK
NIFTY
LESS LOSS OR
ZERO LOSS STRATEGY: This is the strategy that I basically use in my day-to-day
trading session and believe me this is the most affordable strategy that everyone
can afford and use in day-to-day trading. I basically take a trade on
engulfing patterns and trend flow patterns. If you want me to write such an article
daily please comment below and subscribe to my YouTube channel
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