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NIFTY

BPCL 240 MINS MY VIEW The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Please keep your comments useful & respectful. Keep it simple, keep it Unique. Thanks for your support Tradelikemee Academy Saanjayy KG
NSE:BPCLShort
by Tradelikemee
Mother Line, Trend line and other resistnace up ahead to watch.Before Nifty can fly further there are some important resistances to be crossed in the near by zone are 24368 that is the high of Muhurat day, Mother line resistance at 24391, Trend line resistance near 24400. After closing above 24400, Nifty can quickly reach 24505 or even 24601 in a short time. Supports for Nifty are at 24280, 24239, 24172 and 24142. Final support for Nifty is in the range of 24069 below which bears can create further havoc. Shadow of the candle is slightly positive but FII's deep selling is making the investors vary and fearful this does not include DIIs as of now but below certain level even they can start to give in if things do not improve. Shadow of the candle is slightly positive.
NSE:NIFTY
by Happy_Candles_Investment
1
Sensex Support and Resistance Levels for Better Trading DecisiI’ve created a chart highlighting the key support and resistance levels for Sensex, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
BSE:SENSEXLong
by Prabhu2020
FIIs continue to weigh in on Nifty Index. Unblemished sell off from FIIs has dampened the festive mood of investors in the Indian markets. Looks like there was not much support for DIIs today as Retails investors might be busy with Diwali festival so FIIs today had a clear upper hand. There are signs of bottom formation and Higher high higher low pattern is formed on Nifty. Unless we have a closing below 24172 or 24069 levels, I think the things will hold. If we get a closing below 24K bears and FIIs can push Nifty further down to 23.8K or 23.2K levels. Thus supports for Nifty are at 24172, 24142 and 24069 levels. Resistances for Nifty remains at 24242, 24370, 24395, 24505, 24601, 24702 and finally 24811 levels. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
50 Hours EMA and Trendline resistance again stop Nifty progressAgain The Mother line (50 Hours Resistance) and trendline resistance threw spanner in the growth effort of Nifty. Till Mother line and trendline thereafter is not crossed we can't reach Father line resistance which is at 24853. Supports for nifty remain at 24307, 24173 and finally 24073. Below 24073 Nifty will become very weak and bears will spell further doom. Resistances on the upper side remain at the zone between 24448 and 24513 (tough to conquer Mother line and Trend line resistance respectively), 24613, 24730 and 24853. Above 24853 the critical resistance will be the zone between 24860 and 24971. Bulls can come back into the game after the close above 24971. Above 24971 Bulls can create an upward rampage. Tomorrow is a very critical day where Nifty going into November needs to close above 24513 or atleast above 24448. Signs are looking little difficult for Nifty with a negative shadow of the candle but festive buying can bring back the bulls in action hopefully. . To know more about Techno-Funda investment, Mother-Father and Small Child theory, Happy Candles Number read my book The Happy Candles Way to Wealth Creation. Gift it to yourself or your special ones this festive season. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
U shape recovery on cards for Nifty. There is a chance of U shape recovery on Nifty if it is able to beat Mother and father line resistance. Today we saw a swift recovery by Nifty after making a low of 24140. Nifty closed at 24466. That was a recovery of 326 points which is quite remarkable. The only negative point was the close which is 2 points below the Mother line resistance of 50 Hours EMA at 24468. With this close if we can get an opening above Mother line tomorrow and if Nifty sustains above it we can see further swift recovery till Father line of 200 Hours EMA which is at 24887 with a trend line resistance at 24613. Nifty Resistances remain at: 24468 (Strong Mother Line Resistance) , 24613(Strong Trend Line Resistance), 24887 (strong Father Line resistance), 24917 and 25204. Above 25204 Bulls can come back aggressively. Nifty Supports Remain at: 24349, 24173 and 24073. Below 24073 Bears can get very aggressive in dragging the market downwards. To know more about Mother, Father and Small child theory and it's correlation to stock price and 50 and 200 days EMA read my book. The Happy Candles Way to wealth creation available on Amazon in Paperback and Kindle version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
Technical bounce in Nifty today, recovery can be a long processToday what we saw can be called as technical recovery by Nifty in the process of bottom formation. Actual recovery can still be a long process. Bulls can be back inn business only if we get a closing above mother line of 50 days EMA that is at 24898. 24898 is a critical level because mid channel resistance for the current parallel channel as well as Mother line. Whether Nifty can weather the storm and move ahead is only a question which time will answer in the short term. Long term investors can see current situation as partial entry zone for large and mid-caps which have given a good result this quarter or are giving a good result. Supports for Nifty remain at: 23865, 23684, 23464 (Father line Strong support 200 days EMA) and 23626 (Strong Parallel Channel Bottom Support). Resistances for Nifty Remain at: 24492 (Today's high and strong Trend line resistance), 24679, 24898 (Strong Mid-channel and Mother line resistance of 50 days EMA), 25221 and 25623. Strong momentum and positive action has potential to take Nifty back to 26K+ levels. As on date even after strong resilience shown by Nifty FIIs are still on the selling side as they were net sellers of Equity worth Rs.3228 Crores. DIIs and Retail investors have been on the buying side at every dip. This is what is not allowing the Nifty to fall currently beyond 200 days EMA. Let us see who given in first. Very interesting tussle going on between FIIs and DIIs + Retail investors combination. Shadow of the candle for tomorrow is neutral to slightly positive but it is hanging by a thin thread. (Approach for long term should be cautious but positive. Approach for short term is still very cautious as we are not out of deep waters).
NSE:NIFTY
by Happy_Candles_Investment
Nifty Short, Medium & Long Term : 28-Oct-24 to 01-Nov-24Nifty Short, Medium & Long Term : 28-Oct-24 to 01-Nov-24 Nifty closed at 24192 (Last week 24854) and touched high & low of 25971-24197 RSI ,Macd and stochastics levels are down to the bottom. market Broke the key short term support at 24560 and went down. Last week Market was down as expected by more than 700 points but slightly recovered on last day of trading of the week similar to previous week. FII pulled out money and investing in China, Japan in Oct 2024. Indian Stock Valuation after Q2 results, Middle East tension are the reason for the fall. Caution was emphasized on Nifty for last 4 months as nifty PE ( Currently 22.8) is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high and advised those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Fundamentally good stocks to be invested at these time. My Stock Pick will be provided in this week. Nifty 24854 Short term ( Short Term : Neutral) Nifty short term resistance 24450 & 25365 Support at 24000, 23885 Medium Term next target is 25750 ( if move up decisively above next target is 25370), 26268 ( all time high), 26968 Medium term Support 22800. Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance). Support at 21900
NSE:NIFTY
by karthikss
NIFTY : Trading Levels and Plan for 28-Oct-2024Nifty Trading Plan for 28-Oct-2024 **Previous Day Recap**: Nifty experienced volatility yesterday, with a downward bias. Major support levels held around the **24080-24100** mark, indicating potential buying interest. However, resistance levels remain active, with **24,276** serving as a pivot zone. For today, trends are illustrated as follows: - **Yellow** trend signifies a sideways market. - **Green** trend indicates a bullish outlook. - **Red** trend reflects a bearish sentiment. Opening Scenarios for 28-Oct-2024 Gap Up Opening (+100 points or more) If Nifty opens with a gap up of 100+ points: - Immediate resistance can be seen at **24,276**. A break above this may push the index towards the **24,392** level, which acts as the Last Resistance for Intraday . - Consider booking profits if Nifty approaches the **24,531 - 24,589** zone (highlighted as Profit Booking Zone ) as sellers might attempt to re-enter. - If resistance at **24,276** holds and shows weakness, expect a potential pullback towards **24,143** for support. Flat Opening In case of a flat opening near **24,210**: - Initial support is at **24,191**, followed by a stronger base around **24,143**. - If Nifty moves up from these levels, the next resistance can be expected at **24,276**. Watch closely for consolidation in this area, as a breakout could trigger a rally toward **24,392**. - A failure to hold support at **24,143** could signal a downtrend, targeting **23,998** and below. Gap Down Opening (-100 points or more) For a gap down opening of -100 points or more: - Initial support will likely emerge around **23,998**. If this holds, a bounce is expected toward **24,143**. - If **23,998** breaks, the next significant support level sits at **23,740**, marked as the Possible Bottom Zone for Current Trend . This is a critical level; a breach could lead to a deeper correction towards **23,590**. - A recovery from this lower level may indicate reversal buying, ideal for intraday long positions up to **24,086**. Risk Management Tips for Options Trading: - Always define your stop-loss levels based on the nearest support/resistance zones to manage risk effectively. - Avoid aggressive positions in high-volatility scenarios like gap openings. Start small and scale up if the trend confirms. - Be cautious of time decay when trading options, especially if the price is near critical support or resistance zones. - Consider hedging positions if holding overnight, given the volatility in global markets. Summary and Conclusion For 28th October 2024, key zones to watch are **24,276** on the upside and **23,998** on the downside. A breakout or breakdown from these levels could determine the day’s trend. Remember that the market may consolidate before choosing a direction, and it’s wise to wait for confirmation at these levels before entering trades. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Always consult a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Today we received first signals of bottom formation. Today Nifty gave first indication of bottom formation after a long time. Will the bottom hold is a question which only time can answer. Nifty staged good recovery of 107 points from the day's low that was a positive sign. MMI (Market mood index) for Nifty on Ticker tape shows that Nifty is currently in the Extreme Fear zone of 26.5. Usually good money is made when you buy in extreme fear zone and sell in extreme greed zone. The supports for Nifty for the next week remain at 24102, 24703, 23366 and 22821. Resistances for Nifty for the next week remain at 24408, 24547, 24714, 24996 and 25338. Above 25338 Bulls can come back into full action mode and can take Nifty towards 25656 in the best case scenario. The Critical Mother and Father resistance for the hourly chart are at 24547 and 24966. Critical Mid channel resistance is near 25338. Channel Bottom support is in the zone of 24102 to 24072. To know more about Parallel channel and my Mother, Father and Small child theory read my book The Happy Candles Way to Wealth creation available on Amazon in Kindle and Paper back version. You will learn a lot about Fundamental analysis, Candle Sticks analytics, Profit booking and behavioural finance from the book. The book is currently one of the highest rated books on Amazon in the financial analysis and strategy category. I assure you it will be worth every money spent. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Buy opportunity on solid cyclical patterns.We last looked into the Nifty 50 Index (NIFTY) on September 05 (see chart below), when we got an excellent buy on the 1D MA50 (blue trend-line) that quickly hit our 25700 Target: As you can see, our trading approach was based on the recurring technical patterns (Megaphones) since July 2023. Even though the current wide price action doesn't fit the former Megaphone patters, we can still call for a bottom soon as, not only is the price approaching the 1D MA200 (orange trend-line), but also the 1D RSI is almost on the same oversold (below 30.00) level as 1 year ago (October 26 2023)! In fact the pattern of September - October 2023 looks very similar to Sep - Oct 2024. The risk of buying here is low while the reward is high, making for a very appealing R/R ratio. As a result, we turn long again, targeting 27400 (+15.67% rise as the previous bullish break-out legs). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTYLong
by TradingShot
Another day another weak show by Nifty. Nifty again could not sustain the highs of the day and ended up in the negative. Nifty on an hourly chart is spiralling downwards in a downward parallel channel. Every bounce even if it is a small one is seen as an opportunity to sell specially by the FIIs. Even today the signs or signals for bottom formation are not visible. To know more about a parallel channel do read my book the Happy Candles Way to Wealth Creation available on Amazon in paperback and Kindle version. One thing is for sure upward curve also starts out of nowhere just like the downward slide started out of nowhere so there is no need to sweat about it as the Macros for India remain healthy. Dollar index gaining more and more strength is a sign of concern however. Once the Dollar starts to relent we will see a better performance from many sectors. RSI of Dollar index is just starting to touch the overbought zone. Nifty supports remain at 24370, 24149, 23806 and finally 23111. Resistance levels for Nifty remain at 24592, 24757 and 25069 levels. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Bears Roar! TP2 Hit, Momentum Building for More!NIFTY 15m time frame Short Trade Entry: 24,827.10 Current Price: 24,565.50 – TP2 completed, moving closer to TP3 and TP4 Key Levels: Stop-Loss (SL): 24,902.70 – Protecting against reversals above resistance. Take Profit 1 (TP1): 24,733.70 – Hit, confirming downtrend initiation. Take Profit 2 (TP2): 24,582.50 – Hit, trend acceleration seen. Take Profit 3 (TP3): 24,431.30 – Approaching the next key target. Take Profit 4 (TP4): 24,337.85 – Final target for this move. Trade Outlook: NIFTY continues its downward journey, with TP2 successfully hit. Bearish pressure remains strong, and we anticipate the next targets being met as the market sustains its downtrend.
NSE:NIFTYShort
by ProfitsNinja