Nifty Trading Strategies for Short Term

Nifty trading strategies is about my views on the Indian stock markets index,Nifty.Whenever I see a meaningful structure on daily or weekly technical chart of Nifty which may be of help to traders or investors,I share it here under Nifty trading strategies. We know how volatile the stock markets remain.Looking at the technical in a chart,it is never easy to predict the market moves accurately.So many factors affect the market moves apart from purely technical. It is always advisable to understand and manage the trading risks properly before going for a trade.Never underestimate the importance of Stop losses in trading and look to exit the markets immediately when your targets are met or you have made a reasonable return on your trade.

February 1, 2018 – Nifty has a rising wedge pattern at weekly technical chart. This suggests that Nifty has a strong support at 10800. If it sustains above 10800, Nifty may move towards 11800 in coming 1-2 months of time.Keep stop-loss 100 points lower than 10800.

January 14,2018 – After under performing Nifty for some time in the recent rally, Bank Nifty seems ready for its own rally. Looking at the short term technical chart patterns, Bank Nifty looks like headed towards 26500 levels in the coming 1-2 weeks. For that up move, it has to sustain above 25500 levels. Short term trade can be initiated in Bank Nifty around current prices of 25600-25700 for the mentioned higher targets keeping stop loss at 25500.

December 17,2017 – Gujarat election results favourable to markets may lead Nifty heading to all time highs of around 10800. Technically patterns also suggest the up move in the stock markets.However, unfavourable election outcome may trigger selling in the market towards lower supports of Nifty around 10000.

October 27,2017 – Looking at the daily candlestick chart for Nifty, it appears preparing for more up move. It may head towards 10730 level in coming days. For that, Nifty needs to stay above 10230 level. Traders may trade long in Nifty for higher targets. Keep stop-loss around 10200.

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