NIFTY--Breakout or Fakeout??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
Niftyintradaylevels
NIFTY--Retracement or Reversal??The NIFTY index again showing bearishness, with gap down opening.
Now price is exactly at the golden zone of Fibonacci retracement.
If price takes u turn from this level to the upside...index is once again breaks the ATH to reach 20500 levels soon.
While going to upside price is showing some sort of consolidation in the levels 20000 and 19700 levels.
So take care this is the crucial zone,
if this zone failed to take the price upside,
wait for the price to break this zone below and wait for the retracement to enter short for continue with the trend.
Keep in watch mode for couple of days.
On top side, price breaks the trendline, it may retest and fall or rise.
ATH is not strong, weak ATH is observed on topside.
All these points are showing bullishness in NIFTY.
Note:: Until price breaks this zone, consider it as a retracement.
will nifty bounce back from here?as we have discussed in our last analysis, we waited and then entred in the 19750 CE + 19750 PE selling. market respected levels quite nicely. seems there might be a bounce back or consolidation from this level.
Reasons :
RSI is very low that indicate the weak strength of the trend. and at the same time Oversold the Market.
Nifty is taking support at 0.5 Fib level of 1H-tf.
200 EMA is also coinsiding with 0.5 Fib level that makes it more strong point to take support.
Its nearby VWAP so we can say price is avraged out. now Buyers might come in the market.
PCR is 0.89 - Neutral
RSI bullish divergence.
Verdict :
Sideways, preparing to bounceback.
Plan of action:
Hold previous position, or create 19750 straddle.
Nifty Short, Medium and Long Term review -25-Sep-23 to 29-Sep-23Nifty Short, Medium and Long Term review - 25-Sep-23 to 29-Sep-23
Nifty closed at 19674(20192)and touched low & high of 19674 and 20195.
Caution was provided on Overvaluation and to sell upto 30% Stocks with High valuation/ Profit and non performing Mutual Funds. Personally i could sell 15% of my stocks & Mutual Funds.
RSI and Stochastic level down from 76 to 46% & 96 to 30% respectively.
Stochastic & RSI- Still there is chance for to Move down/ Bottom out.
Nifty couldnt hold the short term Support provided at 19800 and moved down to 19674.
Nifty Bank fell more than Nifty last 2 weeks.
Nifty Bank have attractive valuation.
Buy on dip call on SBI & ICICI Bank , Axis Bank given on 13-Aug-23, Can Continue to buy for long term. Can add BOB, canara bank on dips. To watch for bottoming out of Kotak Bank, can add for long term.
Nifty- Short Term (Neutral Bearish)
If it broke below Ist Support at 19600 ( Fib Resistance), then
Strong Support at 19300-19600 ( Fib Resitance at 19320/19467)
Also there is a support at 19224 ( Previous Low)
Resistance at 19840/19990
Nifty Medium Term & long Term -
As market in overbought zone there will be a correction.
Resistance at 20500
Further to review the Q2 results. To review once Nifty reaches target.
Strong Resistance at 18800
Nifty Sort term ViewI can provide a general perspective on the Nifty 50 index. However, please note that market conditions and sentiments can change rapidly, and it's important to consult up-to-date financial sources and consult a financial advisor for the most current and tailored advice. #nifty, #nifty50
NIFTY ANALYSIS FOR 22nd September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 22nd 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
#nse
#nsebse
#Nifty
#niftyfifty
#bankniftytrading
#nfitybank
#niftypredictionfortomorrow
#niftyoptions
#NiftyBank
#nifty50
#nifty500
#niftytomorrow
#niftytoday
#NiftyCE
#bankniftyoptions
#sensex
#sensexindia
#sensextoday
#bankniftytips
#bankniftyanalysis
#bankniftytrading
#bankniftyoptions
#finnifty
#bankniftystrategies
#niftystrategies
#bse#bseindia
#bsesensex
#nsenifty
#nsebse
#nseindia
#STOCKMARKETEDUCATION
#STOCKMARKETUPTODATE
#STOCKMARKETTODAY
#stockmarkets
#tommorrowMarketPrediction
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookformonday
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
#stockmarketinindia
#derivatives
#niftypredictions
#niftytips
#bank nifty analysis,
#bank nifty prediction for tomorrow,
#bank nifty analysis
#bank nifty tomorrow,
#nifty prediction for tomorrow,
#nifty prediction,
#nifty analysis,
#banknifty tomorrow,
#bank nifty tomorrow analysis,
#nifty tomorrow,
#bank nifty analysis for tomorrow,
#nifty analysis for tomorrow,
#stock market crash,
#stock market latest news today,
#bank nifty live,
#live trading bank nifty,
#nifty live trading,
#live trading,
#bank nifty live trading
NIFTY--Bearish Gap or Bullish Gap??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
Has NIFTY downtrend started?As we have been discussing, NIFTY fall in our last posts. We can see NIFTY has successfully given the breakout yesterday.
We could see a nice volume hike at the last hour.
Nifty was trading at an all-time high from that; it formed a rising wedge and gave a nice successful break to the downside. Now, we might see a nice move to the downside this week.
Reason :
RSI is below 40; decreasing shows no bull power.
It has a broken rising wedge pattern, which is bearish.
Significant sell volume hike at last hour.
Price < EMAs
It was trading at an all-time-high that can not break at once.
Option chain PCR: 0.97 (Bullish)
Verdict :
Bearishness is Expected.
Plan of action :
Sell 20150 CE + Sell 20000 PE + Buy 20150 PE
NIFTY--Trendline Break?? The price has recently breached the trendline, signaling a potential shift in momentum. If the price provides a retest opportunity tomorrow, we may consider entering a short position. In the absence of a retest, we will wait for a pullback before considering a short entry.
On the downside, we have identified support levels at 20050 and 19950. We will remain in a long position until the price convincingly breaks these levels and undergoes a retest, confirming a more bearish outlook.
Keep safe before short...
Nifty and Banknifty : Trend bearish for 19 SeptemberDue to Upcoming Parliamentary extra session and upcoming fed policy market is showing a little profit booking at the top and is expected to continue for the same.
Nifty and banknifty both have a sell on the rise pattern so follow the same as mentioned in the video
Buy around 20040 & 19960 TGT 20220/20800 sl below 19800The Market gave a good rally in past three weeks making 3 white soldiers on the top of the chart indicating a fresh breakout but in upcoming Fed's policy and parliamentary session will be watched closely by the market and it can consolidate to cool of some overheated indicators and then we can see a further breakout.
Market structure remains bullish but some consolidation is indicated because of upcoming events and then again may resume the uptrend
NIFTY - Target Levels - 18.09.2023.Nifty Spot : 20169. Option Strike : 20200 CE & 20200 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers..
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
Stop Loss... Above or Below.. Break Even Point..
Don"t Enter Blindly.
We Focus On Our Daily Analysis..
Combination Theory Of Delta, Gamma & Thetta,.
Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
Fibinacci Retracement Levels, Techninal View On Break Even Point.
Wait For Support or Resistance Breaking.. That Time Watch The Market Carefully.
Market Moves in UpTrend or DownTrend.
Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.
Its Most Important For Daily Tradings….
BY : newsbharathi27040.
NIFTY S/R LevelsI am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
nifty pre market analysis14 SEP ANALYSIS:
Daily analysis:
PS-Position size
Nifty opens:
side: if it gives breakout buy(50)
gapup: see further price-action
gapdown: no trade
big gapdown: sell on breakdown
Banknifty
side: if it gives breakout buy(50)
gapup: see further price-action
gapdown: no trade
big gapdown: sell on breakdown
NIFTY--Sustain or Decline??The price has recently broken its all-time high (ATH) with strong momentum. Following a significant upward surge, it found support at the previous resistance level and continued its upward trajectory.
However, today, it failed to break the recent high. The outcome of tomorrow's trading session will be crucial for NIFTY's ability to maintain its position above the ATH. If the price fails to resume its upward movement tomorrow, it could attract selling pressure, potentially leading to a downward trend.
Therefore, tomorrow's price action holds significant importance as it will determine whether NIFTY can sustain its position above the all-time high. A failure to move higher could prompt bearish sentiment and open the possibility of a short-term decline.
Trade safe...
NIFTY--13-09-23I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
#NIFTY Intraday Support and Resistance Levels -13/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 20000 level and then possible upside rally up to 20120 in today's session. in case nifty trades below 19980 level then the downside target can go up to the 19860 level.
13.09.2023 NIFTY- 20000 CE & 20000 PENifty Spot : 19985.65
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option STRIKES & Level One Week.
Draw The Lines Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Strike : 20000 CE
Buy At : 100, Sl : 85, Next Sl : 60
Target : 119
Target : 143
Target : 166
Target : 190
Target : 209
Target : 238
Target : 261
Target : 285
Option Strike : 20000 PE :
Buy At : 90, Sl : 80, Next Sl : 55
Target : 113
Target : 135
Target : 158
Target : 180
Target : 203
Target : 225
Target : 248
Target : 270
Every Target Point Is An New Buy Entry. First You Conform The Trend..
Market Goes Uptrend Or Downtrend. Then Only You Entre CE or PE Strike.
If You Enter... Stop Loss is Below The Entry 15 To 25 Points.. Otherwise You Loss The Money.
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
Don"t Enter Blindly.
NIFTY--Rally Base Rally ??After the break of trendline,the Index is continue its momentum towards high...
If this rally continues to move upside, we are still pending with some more momentum left,
will soon this will touch 20600 levels.
Price broken the Bench mark of 20000 level today, but failed to close above the 20K.
NIFTY 11.09.2023 LEVELNifty Spot : 19819.95
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option Level One Week.
Draw Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Strike : 19800 CE :
Buy At : 98, Sl : 64
Target : 122
Target : 147
Target : 172
Target : 196
Target : ++++++++
Option Strike 20150 PE :
Buy At : 95, Sl :62
Target : 119
Target : 143
Target : 166
Target : 196
Target : +++++++++
Every Target Is An Entry Point. First You Conform The Trend..
Market Goes Uptrend Or Downtrend. Then Only You Entre or buy The Strike.
If You Enter Stop Loss is Below The Target 20 To 30 Points.. Otherwise You Loss The Money.
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
Don"t Enter Blindly.
NIFTY--Retracement or Reversal ?? The price has exhibited significant bullish momentum starting from the 19,200 levels. However, before attempting to challenge the bearish gap left at the all-time high (ATH), it's likely to experience retracements towards previous resistance levels.
Should these resistance levels fail to sustain upward pressure, a notable bearish reversal could become apparent. Following a period of strong bullish movement, the price appears to have entered a ranging phase.
During this phase, it may be prudent to consider short positions, anticipating the possibility of price offering discounts before potentially resuming its upward trajectory.
If retracement failed, they will take the price entirely to the bottom side...keep safe before long. Reversal may occur.