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.
Niftylevels
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 back in the channel NSE:NIFTY From the 15-31 March reversal, Nifty remained in uptrend and created the channel.
Between 4-14 July tried to break out from the upper end of the channel and moved out on 17th July, but soon derailed and got inside the channel, eventually also broke down the lower end of the channel around 14-18 August.
Today it is trying to get into the channel, and if remains successfully inside the channel, 20500 can be touched in September expiry, while giving good opportunity for put writing.
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.
NIFTY--08/09/23I 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 - 08/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19740 level and then possible upside rally up to 19860 in today's session. in case nifty trades below 19710 level then the downside target can go up to the 19590 level.
NIFTY 08.09.2023 LEVELSNifty Spot : 19727.05
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 Buy 19600 CE : Buy At : 133, Sl : 86
T1 :166, T2 : 200, T3 : 233, T4 : 270, T5 : 300
Option Buy 19600 PE : Buy At : 82, Sl : 53
T1 : 102, T2 : 123, T3 : 143, T4 : 164, T5 : 184
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
SL Break Even Point Near
NIFTY--Bull trap or Bear Trap??Price is exactly closed in the previous strong fall area.
At the end of the session, the price is showing strong bullishness.
In this bullishness, if buyers exit their positions at this zone...tomorrow it is bearish, continue its move downside.
If this is a bull's continuous move, it will continue upwards and test the bearish gap.
will see in the next session what happens.
Nifty 50 for 9/6/2023Hello Traders,
Hope you're well.
Today, buying options, especially Puts, was tough as the market made three peaks and premium prices dropped fast. Even if you were right about the direction, it was hard to hold onto your trade.
Earlier, we pointed out that 19,230 was a good buying area, and it turned out right. We saw a 350-point rise from there. Many expected the market to go below 19,230, but it surprised us by going up to 19,574.50. What's next? Read below.
Support Areas for Nifty 50:
Two buying zones to watch are around 19,482 to 19,452. Wait for the market to hit these levels before buying. Aim for 19,527 and 19,562 with a stop loss below 19,445. Be patient and don't rush into trades. If Nifty goes under 19,440, be prepared for a drop to 19,260.
Resistance Areas for Nifty 50:
The high today was 19,587, a strong resistance. We think the market might return to these levels to shake out sellers and attract new buyers. If Nifty goes above 19,587 and then drops back down, consider buying Put options (PE) with a stop loss at the highest point of that drop. This could result in an 87-point move to 19,500.
Personal Opinion:
While we've given different scenarios, our personal view is that if the market stays above 19,600 for a whole day, it could aim for 20,000 soon. Many traders are still ready to buy Puts, and sentiment remains unchanged.
Please note that I am not a SEBI registered advisor, and these trades are for educational purposes only.
We recommend focusing on intraday trades and avoiding holding positions overnight.
NIFTY--Liquidity @19400 ??Price is trending upwards from 19250 levels..
we have a bearish gap left at 19650 levels...
that bearish gap may again acts as resistance...
on bottom side we have liquidity @19400 levels.One more strong resistance at 19750 levels,
at 19650 levels wait if turned to be bearish ...if no bearishness price will touch the 19750, keep in bullish side from 19400 levels.
NIFTY--Consolidation + Bullish ??Nifty index,
After breaking a trendline failed to move upside....
Now after 3 successive gap ups price tested the support again and showing us strong bullish in action.
multiple times price taken the reversal from 19500 levels...
this level is failed to take the price downside...
If this strong bullish momentum will clears an obstacle to reach the bearish gap left @19750 levels... then will soon that level be tested.
If price opens up and may continue upside... or
if price may gives us some retracement to 19380-19360 levels will look for long , gives us discount.
Its already giving discount after 3 successful gap ups, saying I am bullish
we have resistance @ 19600 may gives us pullback if it is a bullish scenario.
this is the only shortcut way to reach the resistances again...
If we see at 19300 levels price consolidation + moving upside means a chance of bearish again...keep safe before long after these resistances.
will see in the next session what happens...
NIFTY Intraday analysis for 4th SepNIFTY is above the resistance zone now that would provide it a nice support.
because market open up and covered the GAP, NIfty will be restricted to 19450 to 19560 range. but overall market is Bullish you can hold your Long positions or can create new from this point. Right now you can sell 19450 PE wait for the momentum and add CE once you get momentum.
#NIFTY Intraday Support and Resistance Levels - 04/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19450 level and then possible upside rally up to 19570 in today's session. in case nifty trades below 19410 level then the downside target can go up to the 19290 level.
NIFTY--Drop Base Drop or Bullish ??NIFTY index,
3 continuous bullish gaps indicating bullishness...
Gap up opening and filling the gap and again gap up opening ...
this happens in the last 3 successive sessions....
In higher time frame price action is still bearish,
After a strong break above the 19500 levels...
a strong fall is observed up to 19300 levels...
the liquidity grab on bottom side is finished...
and now price is moving in a bullish channel,with 3 continuous bullish gaps....
if this move continuously happens to top side...
tomorrow the liquidity on the topside @19650 levels will be finished soon.
Keep safe...
#NIFTY Intraday Support and Resistance Levels - 01/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19320 level and then possible upside rally up to 19440 in today's session. in case nifty trades below 19270 level then the downside target can go up to the 19150 level.
NIFTY--Bullish or Bearish ??After a strong bullish gap...price reversed and entire day is trading in a bullish channel...
at the end of the session broken the channel and retested...
It has broken the trendline as well...
so tomorrow opening is very important for us...to be bullish or bearish...
If opens down and continue will enter short side on retracement...
or opens down and unable to break high then also be on the short side...
If opens up and gives us retracement will be on buy side...up to 19500 levels...
After down opening if price consolidates mean...break down happens...we have bullish gap left below...
Keep safe