Bullish Breakout faces one major resistance.Bullish Breakout faces one major and steep resistance near 19736. If this resistance is crossed pathway towards 20K clears again. With resistances remaining at 19811, 19866, 19991 and finally 20019. Supports for Nifty on the lower side remains at 19674, 19590, 19514 and 19445. Things are looking good right now but these hurdles mentioned above need to be crossed.
Nifty50
NIFTY ANALYSIS FOR 8th September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 8th September 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Nifty looking Bullish but approaching a major resistance zone. Nifty is looking Bullish but approaching a major resistance zone. The zone between 19637 and 19680 is a strong resistance for Nifty. Once we get a closing above 19680 the channel towards 19764, 19811, 19866 and previous high of Nifty 19991 and new high will open up. Until then the supports for Nifty will be 19585 (Not a strong support) and 19492. The zone between 19469 and 19430 is now a strong support zone. Overall sentiment of Nifty is looking bullish but lot of sectors and indices are starting to look a little bit overbought on RSI so please keep your stop losses handy.
NIFTY ANALYSIS FOR 7th September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 7th September 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Next 3 resistances very critical for nifty. Next 3 resistances very critical for Nifty to reach 20K levels. These resistances are at 19585, 19646 and finally 19680. Crossing these zones will trigger further euphoria in Nifty and we may see it go towards 19764 and it may even the previous highs. however lot of indices like small and Mid cap are nearing or already reached the overbought zones so investors should remain cautious and use trailing stop losses which can be best friends who protect capital and profits. Supports on the lower side are 19525, 19492, 19455 to 19421 zone can also be good support. Below 19421 the Nifty will again become weak and bears will try to regain the controls.
#NIFTY Intraday Support and Resistance Levels - 05/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19560 level and then possible upside rally up to 19680 in today's session. in case nifty trades below 19510 level then the downside target can go up to the 19390 level.
Good Breakout in Nifty sustaining above 19492 will be important.Nifty gave very good closing above a trend line which was blocking Nifty since it made the new high. Now sustaining above 19492 will be very important. If Nifty sustains the level the next targets for Nifty will be 19545, 19588, 19646, 19680 and above. Supports on the lower side are 19492, 19455, 19410 and finally 19395.
NIFTY ANALYSIS FOR 5th SEPTEMBER 2023-FOR EDUCATION PURPOSE ONLYNIFTY ANALYSIS FOR 5th SEPTEMBER 2023-FOR EDUCATION PURPOSE ONLY
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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NIFTY ANALYSIS FOR 4th SEPTEMBER 2023-FOR EDUCATION PURPOSE ONLYNIFTY ANALYSIS FOR 4th SEPTEMBER 2023-FOR EDUCATION PURPOSE ONLY
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Good weekly candle but we are not out of trouble yet. To end the week we got a very good candle so close of the week was good but we are not yet out of trouble till we get a weekly closing above 19600. Resistance on the upper side are 19591 to 19600 zone, 19811 and 19991. The channel top seems to be at 21118. Supports on the lower side for Nifty are at 19226, 19024, 18905, 18629 and 18129 on the lower most side. Below 18129 the bull run might end.
is RELIANCE up trend is back? WAIT!!!!Market sentiment is very positive for Reliance after sell off for a week. RSI levels are in sold zone. Is reliance stock is getting ready for the pump? May be~~ but wait and understand the chart with the possibilities.
Next resistance level is 2450-2460 . this zone is also around EMA 10. so we may see a retracement at this zone. and if it happens than we have to be very careful at the retest of 2400 zone. if buyers are not strong, we may breakout towards downside. as per the volume, 2350-2360 will be the next support.
Please keep in mind that Reliance fundamentals are strong. New services launched by the company in last AGM can play major role in the market in upcoming months.
Always use the stop-loss and target. Safe trading.
Nifty 50 Analysis for 9/1/2023Hello Traders,
Today was challenging, with an expiry that wasn't particularly straightforward. I had initially planned to buy over 19232 with a stop loss of 10 points. However, as the market approached this level towards the close, it didn't seem like an attractive buy to me. Here's my analysis for the upcoming days:
Nifty 50:
Buy Recommendation: Consider entering around 19231, targeting 19330. Set a stop loss at 19210.
Sell Recommendation: Look to sell only around 19452, but ensure there's a confirmation of an RSI SMA breakdown. Currently, I observe two resistance levels ranging between 19452 and 19482. Initiate a sell position when the price dips below 19452, targeting 19376.
Personal Insight:
I'm quite confident that 19232 is a robust buying zone. Additionally, I've noticed a significant bullish divergence on the 15-minute timeframe over RSI. If the market breaks below 19232, I anticipate a sharp decline to 18886. However, before such a move, the market might lure many into buying. Given the prevailing sentiment, many expect the market to breach the 19232 level. This makes me believe that market operators might capitalize on this sentiment, driving prices higher before offloading their positions.
Disclaimer: Please note that I am not a SEBI registered trader. The above analysis is purely for educational purposes. Always trade at your own risk.
Happy Trading, everyone! I welcome your suggestions and insights in the comments below.
Warm regards,
Kiran Angarkar
Nifty delicately placed at Mid-Channel line support. Nifty delicately placed at Mid-Channel line support. Nifty closed below very important 50 days EMA support or the Mother line. 19196 to 19243 is the next support zone. Closing below 19196 will open the floodgates for bears and the next support level will be near 19024. Below 19024 the support zone will be between 18456 and 18861. So the negativity for Nifty looks empowering and impending. However in case there is a reversal from mid-channel line which looks little difficult but in case that happens resistances on the upper side are 19354 and 19405 which are the 50 and 200 Hours EMA respectively.
NIFTY ANALYSIS FOR 31ST AUGUST2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 31ST AUGUST2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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NIFTY ANALYSIS FOR 30TH AUGUST2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 30TH AUGUST2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Market is indecisive as it gave a perfect Doji. The market today gave a positive closing above 50 days EMA which was at 19285 which was a good sign but the candle that we saw today was a DOJI candle or a Perfect DOJI candle. This means that the market is indecisive. Only if the support at 19285 is held tomorrow or for the reminder of the week, Nifty can think of a recovery. Supports on the lower side for Market are 19285, 19229, 19145 and 19024. Below 19024 the market can fall upto the levels of 18861 or more. On the upper side the resistances will be at 19367, 19488 and 19587.
NIFTY INTRADAY LEVELS FOR - 28/08/2023BUY ABOVE - 19320
SL - 19280
TARGETS - 19370,19440,19520
SELL BELOW - 19230
SL - 19280
TARGETS - 19140,19070,19010
Previous Day High - 19340
Previous Day Low - 19230
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY ANALYSIS FOR 29TH AUGUST 2023 FOR EDUCATIONAL PURPOSE ONLYNIFTY ANALYSIS FOR 29TH AUGUST 2023 FOR EDUCATIONAL PURPOSE ONLY
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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#OPTION
#optionbuying
#optiontrader
#optionselling
#optiontrading
#optionstrategey
#optioncall
#optionput
#optionexpiry