Niftylevels
01 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 44500 and takes Support from 44600 then open target for T1-44700, T2-44900,T3-45000
If the Banknifty Gap up opening sustains Below 44400 and takes resistance below 44500 then the open Targets for T1-44300, T2-44200,T3-44000
Major Levels 44500,44400,45000
If the market stands in this area of 44600 to 44800 then it is possible that even today the market will remain in the range.
#NIFTY Intraday Support and Resistance Levels - 30/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 20120 level and then possible upside rally up to 20240 in today's session. in case nifty trades below 20080 level then the downside target can go up to the 19960 level.
📈 Nifty's Current Situation: A Simple BreakdownToday, Nifty, the benchmark index of the Indian market, made a noteworthy move, inching close to its all-time high. Let's break it down: went up by more than 1%, coming close to its all-time high. Here's a closer look:
What's Up with the Market 📊:
Nifty's recent jump got it close to its highest-ever levels. Sounds good, right? But there's a challenge—it's right at a powerful supply zone where the market often faces a tough time.
What the Charts Are Saying 📈:
The quick climb has made Nifty stretch a bit from its average Price (EMA20). History says Nifty usually comes back to EMA20 after a speedy rise. So, brace yourself—a correction might be on the way. Looking deeper, it seems Nifty has a habit of taking a breather near its EMA20 after moving up fast. This time seems no different, hinting at a possible slowdown.
What to Expect 🎯:
In simple terms, be ready for a possible cool-down from the Supply zone. While quick rises catch eyes, a steadier climb is usually better for a strong trend. But here's the twist—if Nifty breaks through this tough Supply zone, we might be in for more highs.
🚨 Watch Your Steps:
Nifty is benchmark index of the Indian market, Since Nifty is close to this tricky zone, it's wise to be careful. Set your safety nets (stop-loss) smartly, based on how much risk you're comfortable with.
Final Words & Reminder 📝:
Interpreting market signs is part skill, part instinct. This guide is here to help you learn, not as professional advice (I'm not a SEBI registered analyst). Just sharing insights for you to learn. Keep it smart out there!
Trade Smart, Navigate Cautiously! 💹✨
Lastly, Thank you for your support! Your likes & comments . Feel free to share your thoughts and feedback in the comment section.
29 NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap up
After A Gap up opening if Banknifty sustains Above 43900 and takes Support from 43800 then open target for T1-44000, T2-44200,T3-44400
If the Banknifty Gap up opening sustains Below 43500 and takes resistance below 43500 then the open Targets for T1-43300, T2-43200,T3-43000
Major Levels 43500,43600,43700
If the market stands in this area of 43500 to 43700 then it is possible that even today the market will remain in the range.
NIFTY--Trading in a channel??Keep in long even if price comes down.
as long as price is in a channel keep in long side only....
no sign of bearishness as of now in nifty...
If 19700 holds then it will soon touch the ATH.
If price breaks the channel then will thin of short side, after a retest is done.
Thanks for your support and Encouragement. Trade safe.
Nifty trying to break free. Election Result can shake the tree.Nifty is trying to break free from the shackles and move towards 20K+ but the only thing that can topple the apple cart is the election results. If there is something that happens which goes against the general public opinion or a shock. We might see some volatility or even negativity. It can go either way as of now. The supports for Nifty on lower side are near 19816 and 19702. In case we get a closing below 19702 the next support will be near 19547. Resistances on the upper side for Nifty will be at 19913, 19984, 20049, 20108 and finally 20206. Above 20206 the channel towards 20500 will open up.
#NIFTY Intraday Support and Resistance Levels - 24/11/2023Nifty will be FLAT opening in today's session. After opening nifty start trading Above 19830 level and then possible upside rally up to 19950 in today's session. in case nifty trades below 19800 level then the downside target can go up to the 19680 level.
NIFTY--19600 or 19950 ??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.
After taking the liquidity at 19600 levels.. price have the chance moving upside, to test 19950 levels...keep safe before short below 19600...
#NIFTY Intraday Support and Resistance Levels - 23/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19830 level and then possible upside rally up to 19950 in today's session. in case nifty trades below 19800 level then the downside target can go up to the 19680 level.
#NIFTY Intraday Support and Resistance Levels - 22/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19800 level and then possible upside rally up to 19920 in today's session. in case nifty trades below 19760 level then the downside target can go up to the 19640 level.
NIFTY--Inverse Head and shoulders Pattern??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.
#NIFTY Intraday Support and Resistance Levels - 16/11/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19660 level and then possible downside rally up to 19540 in today's session. in case nifty trades above 19690 level then the upside target can go up to the 19810 level.
NIFTY--@Manipulation??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.
Still it has some more bullishness before going to fall...Early shorts (sellers) will be out with this move...Keep safe on bottom demand lies at 360 zone as marked yesterday...if tomorrow comes looks for buy only... .
NIFTY MUHURAT TRADING SETUP -HAPPY DIWALI 2023Happy Diwali To Everyone. After Gap up opening if nifty starts trading above 19450 level then possible strong upside rally upto 19570+ level. Any downside possible below 19420 level. Higher volatility in market. So keep less lot size on this Muhurat trading session.
NIfty50 Levels for 12-11-2023 MuhuratNSE:NIFTY Intraday Levels for 12-Nov-2023
Wizard Levels/Zones
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen, so kindly do your own analysis and my view. Thank you for your SUPPORT
#NIFTY Intraday Support and Resistance Levels - 10/11/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19390 level and then possible downside rally up to 19270 in today's session. in case nifty trades above 19410 level then the upside target can go up to the 19530 level.
#NIFTY Intraday Support and Resistance Levels - 09/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19460 level and then possible upside rally up to 19580 in today's session. in case nifty trades below 19420 level then the downside target can go up to the 19300 level.
NIFTY--19500 Is Resistance?? price broken the trendline and retested...then gap down or gap up.
we have a strong demand zone at 19360level...price may again rise from this level..
previously 19500 is a strong resistance,
if price again acts as resistance in this zone will observe a fall up to 19300 and 19200 levels.
otherwise price breaks the resistance and have chances of testing the 19600 and 19700 levels.
keep safe before short....wait until it touches the resistance resistance level @19500.
NIFTY Prediction for 9th NovAs we discussed, a neutral view of NIFTY moved sideways the whole day by gaining +36 points.
Right now, NIfty is at a really crucial point where it might go from the 19550 to the upside, where it might face the 4H-TH trendline as resistance. Tomorrow's nifty has expiry, which means it might be sideways with high probability. Expiry is likely to end in 19350-19450.
Reason:
Expiry day for Nifty (Mostly Sideways)
50 EMA day TF resistance to upside. (Resistance)
Price > EMAs (Bullish)
RSI is 40-60 mostly Sideways.
Price action resistance to upside at 19460.
PCR = 0.88 (Neutral) (Put:Call Ratio)
Verdict:
Sideways
Plan of action:
don't go for option Buyiing. let it make the range and then make iron condor.