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Niftylevels

Nifty closed strongly above 50 hours EMA more upside possibleNifty closed strongly above 50 hours EMA after testing exactly the channel bottom drawn and shown by us from last few days more upside is possible but important resistances for Nifty to cross on the way up will be 21661, 21718 and 21768. closing above 21768 will open the doors for 22K+ again with resistances at 21830 and 21927. Supports for Nifty on the lower side are at 21604, 21514 and 21457. Below 21457 bears wake up again. Things look positive for a good start tomorrow but later in the day there can be some resistance + Selling pressure at 21661 and 21718 or 21768.
NSE:NIFTYLong
by Happy_Candles_Investment
10 JAN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap down After A gap down opening if Banknifty sustains Above 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600 If the Banknifty gap down opening sustains Below 47000 and takes resistance below 47000 then the open Targets for T1-46800, T2-46700,T3-46500 Major Levels 47000,47200,46800 If the market stands in this area of 47000 to 47200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
Nifty felt the heat again in the trend line resistance. As you can see in the chart Nifty started the day brilliantly jumped above 50 Hours EMA and was going up in a rapid pace wiping all the losses of yesterday till it hit the trend line resistance which was near 21725 and immediately fell relentlessly giving a big red candle for the day. Only saving grace was it ended in Green at the close of the day again finding the support near 21500 this time at 21517. Support and resistance for Nifty now will be at 21619 50 Hours EMA (tough resistance), 21700 and 21768 another tough mid channel resistance. Supports on the lower side are near 21500, 21389 and finally 21235. Volatility and Profit booking at higher levels in selected counters in addition to buying at lower levels again may remain the theme for some time now.
NSE:NIFTY
by Happy_Candles_Investment
Its a Doji formed in Nifty with a positive shadow. As discussed in the morning in the video/ previous messages, the area around 21500 can be a major support area and so it proved to be. Nifty stayed aloft the whole day but closed below the next resistance of 21686 . If we get an opening above 21686 or if we get few hourly candles above 21686 and the Nifty sustains there for a couple of hours further journey can begin with resistances at 21839. Next resistance will be at 22005 and finally channel top of 22363. Supports on the lower side remain at 21555, 21500 and 21242.
NSE:NIFTYLong
by Happy_Candles_Investment
Gapped But Not Forgotten - NIFTYAs I posted earlier in my previous post yesterday, FINNIFTY went to cover the unfilled zone on the marked levels today, successfully hitting the marked zone. Coming to the chart of NIFTY, it can be seen there are some old dues for this index to clear as well, which can be expected as early as tomorrow since the unfilled zone of 550-480 can be seen just below todays closing which shall see some activity as per previous moves. The covering of these gaps ups (& downs) has never been more exciting as a options buyer where such sharp moves can be seen forming consecutively.
NSE:NIFTY
by nikhilchhabra
Nifty live prediction for today 3rd Jan 24As we have discussed, Nifty has been moving upwards in the channel. Now, it has broken down to the lower channel, which shows a bearishness in the NIFTY behavior. There is a high probability that it will now continue in the lower channel as a bearish trend. OI data also confirms its bearish nature with PCR = 0.70. it will be bearish for now. Reasons: It has entered the bearish channel side. Now, fall might be sharp. (Bearish) Price < EMAs that show the bearishness in the market. also it has given crossover(ema(13,50)) which always shows reversal of the trend. RSI = 40 shows the weak bulls and might enter <40 that will be the start of heavy bearishness. if we see the OI data PCR = 0.70 which shows bearishness in the market. 21500 will be acting as a nice support level to the downside. Upside 21600 will be acting as a nice resistance zone; OI data also confirms that. Verdict: Bearish Plan of action: Sell 21550 CE and hedge it with a small CE premium.
NSE:NIFTYShort
by finnova_
21800 to 21840 is zone which is proving to be strong resistance.Another Dangerous Doji formed today. If yesterday's Doji candle was indecisive, today's Doji was little negative in nature as the closing was substantially low compared to where the index was before just an hour or 2 before closing. Mainly the news of Earthquake in Japan and the magnitude of destruction could be one of the reason of sudden weakness. Support for Nifty will be at 21682, 21471 and 21242. Resistance on the upper side for Nifty will be at 21802 and 21840. Crossing and closing above 21840 can give Nifty a free run towards 21900 or even 22000. But indecisiveness is causing a negative shadow.
NSE:NIFTYLong
by Happy_Candles_Investment