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Niftylevels

NIFTY--Support @19360 ??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. 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
NSE:NIFTY
by IIT-Trader
3
NIFTY--Consolidation @19550-19450 ?? 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. 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
NSE:NIFTY
by IIT-Trader
5
NIFTY--Liquidity lies @19500I 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. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. 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
NSE:NIFTY
by IIT-Trader
3
NIFTY--Near its Trendline??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. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. 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
NSE:NIFTY
by IIT-Trader
2
17 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open a gap up After A gap up opening if Banknifty sustains Above 44200 and takes Support from 44200 then open target for T1-44300, T2-44400,T3-44600 If the Banknifty gap up opening sustains Below 44200 and takes resistance below 44200 then the open Targets for T1-44000, T2-43900,T3-43800 Major Levels 44200,44000,44400 If the market stands in this area of 44400 to 44200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
NIFTY - PROCEED WITH CAUTIONNifty has shown good bounce after a heavy sell off. However, it has now taken resistance at 0.618 levels of 19,840. With results season kicking in, and another lukewarm IT season looming, Nifty seems to take a pause. With rising uncertainty in the Middle East and FOMC's strong hawkish stance (FOMC minutes will be out tonight), the index is likely to stay sideways to bearish for a few sessions barring any new significant developments. No fresh rally is expected unless it takes out 19,840 on closing basis.
NSE:NIFTY
by DhruvDeora
NIFTY--BearishGap @19900 ??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.
NSE:NIFTY
by IIT-Trader
1
What after nifty breakout now?As per out last analysis nifty has breakout that falling wedge pattern. yesterday as it was expiry it was range bound in the range 19780-19830. today's momentum will decide which side nifty is going to move. so we have to keep our bias neutral. Reason : Sideways range bound moment whole day yesterday. (Neutral) nifty has given the breakout of falling wedge. ( Bullish) Option chain PCR = 1.01 (Bullish but its initial 1st day of week) RSI < 50 downtrend (Bearish) Price < EMA(13) (Bearis) Verdict As Biases are both side Its Neutral Plan of Action: wait for 15 min candle and then make positions as marked on the chart.
NSE:NIFTY
by finnova_
NIFTY--Consolidation + Down= Rise from Trendline??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.
NSE:NIFTY
by IIT-Trader
4
12 OCT 2023 NIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open a gap up After A gap up opening if nifty sustains Above 19800 and takes Support from 19800 then open target for T1-19840, T2-19860,T3-19900 If the nifty gap up opening sustains Below 19800 and takes resistance below 19800 then the open Targets for T1-19760, T2-19700,T3-19680 Major Levels 19800,19840,19760 If the market stands in this area of 19840 to 19780, then it is possible that even today the market will remain in the range.
NSE:NIFTYLong
by mr_bull10
NIFTY--Bullish Gap or Bearish 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.
NSE:NIFTY
by IIT-Trader
8
NIFTY--Broken Trendline??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.
NSE:NIFTY
by IIT-Trader
3
NIFTY--19400 or 19700 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.
NSE:NIFTY
by IIT-Trader
2
Will NIFTY Bullish momentum continue?As we discussed in our last analysis that it returned back to channel it will be bullish and it gave 2 days back to back bullish momentum. But now we can see its on confusing if it's a breakout or still in the pattern. once its out of the pattern it will be going bullish. by looking at the chart market seems to be sideways for tomorrow. Reasons: Inverted HNS target is 19800 that has not achived yet. if it opens high it will have a resistance at 19800. 19800 is also price action resistance. Downside 200 EMA and Price action level will be providing the support. RSI is in bullish zone (> 60) but having bearish divergence. Trendlines are confusing its not a clear breakout for falling wedge pattern. it's having 2 cases: case-1 and case-2. that is marked on the chart. Verdict: observe 15 min market and follow case-1 or case-2 Plan of action : SELL 19500 PE + SELL 19750 CE once bullish momentum gets confirm exit 19750 CE.
NSE:NIFTYLong
by finnova_
Nifty for 6th October 2023 - Weekly ClosingAs Expected ( Please refer to the linked post) Nifty opens with an up gap at 19521, which is near immediate resistance i.e. 19544-19550. Since it was a gap-up opening of approximately 100 points and near resistance, creating new long positions immediately makes no sense. Why was I expecting a Gap-up opening today? 1. Prices bounced twice from the support area during the day. 2. Prices closed well ( in spite of weakness during the day) 3. RSI was at support ( 40 levels) 4. Hammer-like candle formed at support Today's Price Action 1. Opened Gap up 2. Prices Halted at resistance during the first hour. 3. No sell-off from resistance. 4. Prices consolidated around the resistance area( 19544-19550) 5. Higher High, higher low, gap up indecisive candle. Expectation for Tomorrow - Friday, 6th October 2023 1. Prices might open with an up gap tomorrow, how far don't know. 2. Immediate Resistance @ 19638 3. Prices should sustain the 19543 level for a move towards 19638 levels. 4. Expecting 80-100 points move tomorrow. Why am I Expecting a Gap up tomorrow 1. No sell-off after a gap-up opening near resistance 2. Prices consolidated well on the hourly and 15-minute chart
NSE:NIFTYLong
by manuagarwal21
Will bull be able to hold NIFTY today?NIFTY yesterday was total bearish but in 2nd half Bulls came and took charge and all market reversed back in bullishness. as PCR = 0.85 (Bullish) and also market is back into pattern. so its assumed that bulls will be taking control of today's moment. Reason : Chart is back in the pattern will full yesterday 2nd half bullish. PCR is 0.85 (Bullish) MAX pain: 19350 and 19500 RSI is still in 40-60 means continiously increasing means bulls have power. Verdict : Bullishness is expected Plan of action: Observe 15 min Candle if bullish Sell 19350 PE
NSE:NIFTYLong
by finnova_