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Niftylevels

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NSE:NIFTY1!
by ReviveTraders
Falling down ... Falling down!!Nifty spot and FUT, both settled at crucial levels marked in our previous analysis. This is the level that has to be protected for Nifty to stay "NOT BEARISH" at least. Now with an even in sight, I am not sure how it will behave. My previous narrative was that Nifty would stay at ATH levels and with the election result, would fall. But now it seems like there is a different narrative playing out. In the opposite scenario, Nifty should visit 21750 levels and consolidate there, to rally on "surprisingly" (Sarcasm intended) good results for BJP with a stable Govt.
NSE:NIFTY1!Short
by OldMonk13
Strong higher high higher Low pattern on Hourly chart. Positive.Nifty is making a higher high, higher low, pattern on Nifty. Which looks very promising and positive. For going further and higher and into unchartered territory Nifty needs to hold 22625 or at least 22547. These two points will work as great supports too. Below 22547 the next supports will be near 22483 and 22379. On the upper side the resistance levels seem to be at 22709, 22881, 22967 and finally 23026. Shadow of the candle looks positive.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 02/05/2024BUY ABOVE - 22600 SL - 22550 TARGETS - 22660,22710,22780 SELL BELOW - 22550 SL - 22600 TARGETS - 22510,22470,22430 NO TRADE ZONE - 22550 to 22600 Previous Day High - 22780 Previous Day Low - 22550 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. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. 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 👍
NSE:NIFTY
by Jagadheesh_JP
Resistance zone between 22783 and 22755 comes into effect.After making a new high of 22783 there was a bought of Profit booking seen in Nifty. Two important international events of US FED Interest decision and CPI Inflation data are awaited so traders may have thought of being cautious at this juncture. Further bullishness leading to 22800, 22887 and 23026 is also a possibility but for that overcoming this important resistance zone is imperative. Supports for Nifty on the lower side in case of consolidation or further profit booking will be 22544, 22508 and 22358. If 22358 is broken we may see bullish grip weaken a bit and in this scenario bears can drag the Nifty further down to 22200 or even levels below 22000. The zone between 22544 and 22508 is an important support zone for Nifty now.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Delicately placed near the support zone.Nifty is delicately placed above the 50 EMA and 200 EMA support zones (Mother and Father support) which are at 22404 and 22316 respectively. This zone can act as a buffer and should provide proper technical support to Nifty. In case 22316 is broken Nifty can further fall to the levels of 22201 or even 21972. Worst case scenario as of now looks like 21784. If supports of 22404 and 22316 are respected we may see the Nifty rising upwards with resistances at 22458, 22545, 22625, 22692 and 22775. Shadow of the candle looks neutral with slightly positive bias.
NSE:NIFTYLong
by Happy_Candles_Investment
What does Arrow in the chart of Nifty say? Arrow in the chart of Nifty is pointing in the direction of which Nifty intends to go in the long term. There may be some slip-ups in the short run but in the long run Nifty will be seen travelling in the direction the arrow is pointing. Today Nifty returned from an important trendline resistance of 22625. crossing the same will be a little bit of a challenge. If we get a weekly closing above 22625 Nifty can quickly make new highs in the coming days with resistance at 22692 and 22775. In case the mid arrow support is broken tomorrow we may see a down side with supports at 22545, 22481, 22430, 22380 and 22304. Below 22304 Nifty becomes weak again and bears can start calling the shots. Shadow of the candle is negative to neutral as of now.
NSE:NIFTY
by Happy_Candles_Investment
Strong resistance around 22447 blocked Nifty rallyA strong resistance around 22447 blocked the bull rally of Nifty today. If this resistance is not crossed the Nifty will try to re-test the supports. There is a strong support in the range of 22279 and 22312 region which includes 50 EMA, 200 EMA (Mother Father lines) and a trend line support. If these supports are broken we can see weakness which can lead Nifty further down to 22201 or even 21972 levels. If the Nifty successfully crosses and closes above 22447, further resistances will be found at 22510, 22612, 22692 and 22780. A frantic Bull-Bear tussle is going on and it will be interesting to see which side is able to call the shots during reminder of the week.
NSE:NIFTYLong
by Happy_Candles_Investment
Very Positive close by Nifty indicating more bullishnessMore up move is on card baring there is no further bad news related to Iran and Israel conflict and other news surrounding the Middle East and Levant nations. The closing above 50 and 200 EMA hourly indicates that there might be more bullishness in store for Nifty with resistances at 22430 and 22517. If these 2 levels are crossed easily then we may see 22692, 22780 and even 23K+ levels in Nifty in the coming weeks or months. Supports on the lower side for Nifty in case there is some negativity remain at 22201, 21972, 21784 and 21716. Below 21716 bears again take control of Nifty.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty took a critical support at 21777. (A number to watch)Nifty fell like a hot knife going through butter slab reacting to Iran Israel news. There was some respite today as Nifty has takena support at 21777 and bounced back to close the week at 22147 staging a remarkable recovery. 21777 will remain a critical support to watch for reminder of the month. In case this support is not held further supports will be only between the range of 21157 and 20973. If 20973 is further falls casualty to any escalation between Iran and Israel, we still have a strong support near 20592 which is also a Mid channel support. If by chance mid channel support is broken there can be a free fall towards 20237 or even 18878 levels if situation worsens. On the positive side of it if 21777 is respected we can further see resistances near 22318, 22514 and ATH resistance near 22775 levels. Things are delicately poised but let us hope peace prevails and we see nifty bouncing back drastically in the coming week or weeks. Local sentiments still remain good except for the fact that some FIIs are not happy with tax heavens status withdrawal from Mauritius. Global factors specially related to Israel and Iran are governing the global sentiments currently.
NSE:NIFTYLong
by Happy_Candles_Investment