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  • Writer's pictureEkat

Nifty 50 Share Rate | Nifty 50 Stock Price Analysis today for 2nd November 2023

I am looking at the chart and wondering, how can I describe how to trade.

Some pointers for my readers, Nifty50 Stock Price Analysis
  1. Always remember, never trade against Heikinashi Candles. If you have taken call option, or are buying on a particular time frame like 1H, if you are seeking green candles you buy, if you see a closed red candle after a green candle, then you book profit or book loss. You exit.

  2. Always exit a position near key Falcon Levels, like the red box that was shown in previous posts

  3. Remember to read these blogs. I will try my best to write wherever I can help you.

Looking at Nifty 50 I still feel that it will go up form here. I am ok with pull backs, and I take positions using a free indicator on Tradingview called Falcon Channel Commodity Indicator Or Kiss Bot, both published by me few months or years back.

We are still in Heikinashi Candles, supertrend tight range is sell on 1H

1H Nifty50

Normal Candle looks good too, however we still have small room to go down.

Normal Candle Nifty50 looking ready for trend reversal.

Possible trend change dates and times:-

  • Friday, 3rd November 2023, 9:15 am, looks like a massive trend change

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