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Nifty50analysis

Nifty 50 Intraday Trade Setup for 11th May 2021Good Morning everyone, Hope you all are doing great and did good in the last week, Index short term trend is bullish and we have seen 500 points up move in the last week but the main problem is Index momentum in intraday is so choppy & messy and most of the movement comes with a gap up then the market turns sideways all over the day which is not tradable in the Intraday. Let's talk about our trade setup for 05th May 2021? Key Factors =================== 1-The index is trading on their Harmonic PRZ. The level is 14,972. which can act as resistance. 2-India USD and SGX Nifty both are trading on a Negative Note. Almost 114 Points down from the previous day closing. 3-Index Intraday Support is at 14,700. 4- Higher Trend is still missing and the wider range is still valid from 14,000 to 15,000. 5- 15,000 is the Phycological resistance confirmed with the Harmonic PRZ. Intraday on 05th May 2021. ================================ Intraday Range is 15,000 to 14,700 which is very big and can create a problem is the Intraday. The index is about to Open around 100+ Point gaps down so you must know the support area which is 14,700-14,730. Risky and Aggressive Traders can create a long position from the support zone with minimum sl and can hold the Position if 30-minute range breaks on the upper side, Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
11
Nifty analysis with Time Speculation Daily TimeFrame (Shorting)Hi ac we can see there are regular Bearish Divergence with MACD Lines and Histograms which is the sign of trend reversal and price correction... the index was bullish from march 2020 as the corona pandemic made a huge fall in the economy so post pandemic we can see the market had a bullish return to its past trend and even made new ATH, so to me we are now at the Overbought zone and soon we should face some correction and retracements. the Fibonacci golden areas can be used as some safe and rational TP targets and clubbing it with MACD will give us better vision of the market status. I have speculated some dates with Higher Lows data by Fibonacci Time Base tools, which we may see the TP zones but these dates are at most and the Specified TPs can occurs at any given time before these dates even... please refer to the Snapshot analysis for the prices and specified time in the link below and it helps us to see the Idea grows as the time passes... please comment your opinions about this idea
NSE:NIFTYShort
by BitonGroup
Nifty50: Key Support and Resistance LevelNifty50 is in strong uptrend and my personal view on Nifty is bullish medium to long-term. However, you can expect correction soon. So, for swing traders and investors correction may provide you an opportunity to enter. That's why you need to know from where Nifty50 might bounce back. So, I draw key diagonal Support and Resistance level. Wait for these levels and when price rejects this price level, you may get an opportunity to make money. Happy Trading!
NSE:NIFTYLong
by AkmeAnalytics
NIFTY50 at important levels..#nifty50 has reached an important level i.e 11200, Why Important - As its a level from where we had seen straight fall in nifty50. Current Price Action Observation Check the size of the candles of the last two rallies, most of them were indecisive candles. Check the difference between the peaks, they are contracting. Currently, price action, suggesting that the index is losing momentum on the upside. Pattern ABCD pattern is completing at 11184 levels, which aligns with price action levels - 11100 - 11200. So what to do now? Since the structure of the index is positive .ie higher highs and higher lows, we cannot turn bearish on the index, the only thing we can do here is to stay cautious or trade light or trail the trades, so that don't feel the FOMO. Or Instead of index trading, take stock specific trades, until we see some clarity as to the direction of the index,
NSE:NIFTY
by manuagarwal21
1
Nifty 50 Intraday Trade Setup for 18th may 2020Hey Everyone, Hope your weekend went good and you guys enjoy your holiday :P Last week we had seen massive gap up and gap down in Index. 20 lac crore simulation package has given some hope but Market has rejected it badly and Index did not sustain high level (9560) . Currently Index trading in a range. Upside level is 9300 and downside level is 9000 .Government tries their best to not let the market down but Market sentiment rejected there every attempt. Key Factors ================ 1 -Some Recent announcement from FM ------------------------------------------- A. MNREGA Related- Govt Will allocate additional 40000cr for this now for the migrant Labors who are going back to there home town can also enrol in MNREGA. B. Ramping Up of Health Sector- Public Expenditure will be increased. Support will be given to Health and wellness centre. All dist will have Infectious Disease Center at Govt Hospitals. Public health diagnostic Labs will be setup at all Block Levels. C. PM E-Vidhiya Platform- Diksha will be Launched, One Nation One Digital Platform. Community Radio Will also be used. One earmarked channel for one Class will be launched. E-Content for Visually Impaired Children's. *Top 100 University of India to mandatory Launch Online Courses* by 31-05-2020. D. IBC Related Matters- Debts Related to Covid Pandemics will be excluded from default. No fresh Insolvency can be proceeded for MSME for 1Yr. E. Companies Act Related- Extension of Compliance was done. Decriminalization of all acts in companies Act. Compoundable offence related matters will be done now through adjudicating authorities. Now total 58 offences are to be settled not by court now but by internal Adjudicating Authority. F. Companies Act Related- Now Companies can directly list their securities in Foreign Country. Now Companies would be able to list Non Convertible Debenture on Stock exchange. And they will not be treated Listed Companies. G. All Sectors will now open for Private Sectors- But at least one Public sector enterprise will remain in all sectors. In Notified Strategic Sectors PSE will be reduced to Max 4. 2 Lockdown 4.0: Union home ministry on Sunday extended the lock down for another two weeks till May 31 to contain the spread of corona virus While the detailed guidelines on easing of restrictions were awaited, officials sources said the center is likely to allow public transport and reopening of restaurants and shopping malls subject to certain conditions. 3- SGX seems weak. Trading on 9070 atm which is 39 point low from the Previous closing. Our Index will be open either flat or with small gap down. 4- Dow Has given small recovery. Currently Trading on 23826 which is 192 Point above from previous close. 5- Crude looks good and steady. TECHNICAL VIEW ==================== 8900 to 9000 is key support for Nifty Index . Everything is depend on these levels Index will be a falling knife if not sustain . in last 2 trading session index has made a range from 9300 to 9000. This range will decide that where our Nifty will trade in the may Month. 9300 is an Intraday resistance and long position can be consider on the above this level. Key resistance is still on 9900. Intraday Trade Setup ========================= Long : 9170 Sl : 9130 Target : 9195/9240/9280 Short: 9100 SL: 9140 Target : 9060/9000/8945 Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
1
Nifty 50 Intraday Trade Setup for 15th may 2020Good Morning Everyone, Hope you guys has did good in yesterday trading session and made some good breads in Intraday. Index moves are hard to predict in these days because of massive gap up and gap down Opening.Government tries their best to not let the market down but Market sentiment rejected there every attempt. This lock down is not gonna ending soon and Industries take time to recover after it. Market is in fear and real picture will be come after the lock down. This recession is not going to end soon ..Let's Talk the key factors which can affect on our market. Key Factors ================== 1- SGX showing a weak strength and trading on 9182 which is 64 Point up from the previous closing. aspect a 34-40 Point gap up in Nifty 50 Index. 2-The brokerage expects real GDP growth in 2020 to fall to 5 per cent YoY. It expects India’s GDP to expand 1.5 per cent in March quarter, degrow 14.5 per cent in June quarter, shrink 6 per cent in September quarter and another 1.5 per cent in December quarter. 3- DOW and US shares drop on US-China trade fears 4-Crude is still Trading in a narrow range. 5-INR/USD is still steady. Quarterly results ================== Cipla, Crompton Greaves Consumer and L&T Finance Holdings, Mahindra & Mahindra Financial Services, Nippon Life Asset Management, Tata Chemicals, L&T Technology Services, IIFL Securities: These companies are scheduled to announce their March quarter earnings on Friday Technical View ==================== Bear is still on Fire and Market sentiment is Negative. Government tries their best to control this recessions but every attempt is rejected from the Market. Nifty is made again a Head and shoulder pattern in hourly time frame . Neck Line of this H&S pattern is 9000 which is also a key support in mid time frame . Mostly Intraday moves come with a Gap up and Gap down and these move destroy most of Intraday Levels. Resistance : Nifty Intraday Resistance is on 9350-9360 and major resistance area is 9900. Support : Nifty Intraday and Major Support is on 9,000. Intraday Trade Setup ===================== Long Position : In Intraday long position comes if Index break 9350 and sustain above on this Price. Short Position : Keep an eye on 9000 A good short coming on breakdown. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
2
Nifty Expiry & Intraday Trade Setup for 14th May 2020Hello everyone, Hope you guys didn't get Bored in this lock down and still making money from stock market. Nifty Move and momentum both is damn volatile in these day. Government tries their best to not let the market down but question is how long will they hold and in this negative sentiment and does 20 lac crore simulation package does the help market ? My thought is Current GEO political and Market scenario is not for Buying side. I am not talking about Intraday here. I am talking overall sentiment in the upcoming days so I suggest do not for Investment. Our Best time still to come and we need to wait for it patiently . Let's Talk about today and know how our market will be respond and what key factor, TEchnical we have for today Trading session. Key Factors ================= 1- Nifty Open a good gap up on Wednesday Trading session but failed to hold 9600 Level. 2-The Finance Minister announced the first tranche of the mega stimulus package on May 13 and said that the remaining details of the Rs 20 lakh crore stimulus package will be disclosed in the next few days. 3-SGX Trading in Negative Note. Current Price is 9271 which is down more then 128 points from previous closing. Aspect a Gap down in Nifty 50 Index. 4-DOW still weak and slip more then 200 Points from Previous closing. 5-European market also weak and fallen on Wednesday Trading Session. 5- Crude oil Trading in a narrow Range but Yeah still steady. Let's see how these factors will affect to our Market. Technical View ================== Would Like to talk first about SGX nifty. Check the bellow Image, Tried to explain on chart :P On Wednesday NIfty formed a Bearish Belt hold candle and failed to hold the opening price and started to fallen from yesterday Opening . Nifty is still weak on chart and yesterday low is very important for us for today Intraday setup but also keep remember that today is Expiry day and options writers can manage the sentiment and the Market . Support ============ NIfty Break their Intraday Resistance with gap up and close near about this resistance. Now this is support and a very Important price for Bear side Traders. Level is 9350 . Nifty key support is still on 9000 Resistance =============== Nifty Intraday Resistance is above on 9470 and key resistance is still on 10,000 Option chain data ================= As per Option chain data we are getting a huge range for today Trading session . Options data indicated Nifty’s immediate trading range between 9,000 and 9,700 levels. India VIX moved up 1.65 per cent to 38.83 level. Overall, higher volatility could continue to keep Nifty in a roller-coaster ride in a broader trading band. Trade setup =================== Long : Our Long position will be open if Index sustain above 9475 with 9380 Stop Loss (Closing basis) Short : Our Short Position will be open lower then 9350 which seems to break with gap down so wait first 30 minute to see how the Market will be react .
NSE:NIFTY
by CodeViser
3
Nifty Intraday Trade Setyp for Wednesday 29th April 2020Good Morning sir's, Hope you all are doing good. Yesterday was an awesome day and we have made good profit in Nifty.. In today Morning SGX and Onanada both are trading on a flat note in Nifty future so there is chances our nifty will also open a small gap up or Gapdown. yesterday Nifty has closed almost on their resistance. Yesterday move has made Bearish Gartley Pattern Harmonic pattern in 15 minute time frame. I know small time is risky when draw the harmonic but you also need to remember these are fib levels and always be respect... Key Factors ============== 1- Dow Jones files rose on Tuesday after a string of energetic quarterly reports ..the Dow Jones Industrial Average was up 188.54 focuses 2- Crude oil is still weak 3- Indian rupees stable 4- According to option chain data Nifty range will be 9500 to 9300 for Intraday Resistance and support and technical view ======================================== Nifty is making a rising wedge in daily time frame which is a bearish breakdown pattern and range is getting smaller and smaller in upside. Nifty major resistance area is 9656-9878 as per my calculation. Intraday Trade Setup ========================== Buy : Well buying in future and in options both are risky today because most of chances index will trade in a narrow range today but in case nifty cross 9450 then risky traders can build a long position for 30-50 Points. Today in writers day. Sell : Intraday support is lower then 9300 and seller must consider this level to open a short Position if nifty break it. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
3
Learn how to trade Nifty 50 Indian Index, locate turning pointsI am going to explain the basics on what to look for to learn how to trade Nifty 50 Indian Index and locate turning points in the stock market.There are many technical analysis trading strategies you could use to learn how to trade Nifty 50 futures and stocks within the Nifty 50 Indian index. In this video we are going to explain what you should be looking for on a chart, the basic characteristics of candlesticks patterns that will help you locate turning points in the market.It's very important to trade these strong impulse in the context of a bigger picture trend and avoid trading counter trend scenarios. How can you buy Nifty 50 futures index or Nifty 50 related stocks in an uptrend? First of all you must look for impulses strong enough to create a series of wide candlestick bodies in the direction the of the long term trend. The chart attached shows a few impulses drawn on Nifty 50 futures weekly timeframe, that means that every candlestick represents a week if time. By simply comparing the strength of those moves you will be able to locate potential turning points in the Nifty 50 futures index and related Nifty 50 Indian stocks. Trading impulses against the trend is not the best strategy since you will be going against the long term bias of the underlying asset or stock. How to buy Nifty 50 futures index? Well, locate these impulses and do a top down technical analysis before making a decision to buy or sell at these impulses. A single timeframe technical analysis is not enough to make a trading decision.
NSE:NIFTYEducation
by AlfonsoMoreno