Get started

Niftylevels

Morning Mantra - 6th February 2023 Dear All, Finally we got to witness a beautiful week. Moreover, just as we had stated earlier that support = resistance and resistance = support, similarly, the level of 17800 which was earlier a Support is now a level of Resistance for the Market, which was beautifully achieved by Nifty on last Friday. As of now, on a weekly basis we can observe a Piercing Pattern on the chart, at around our stated level of 17320, which was altogether a good indicator. Furthermore, for this week the level of 18170 will work as a strong Resistance for the Market once again. Above which, we can witness the level of 18400 in the near term, with the support of 17320. Also, continue being stock specific as of now. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Nifty 30 Jan 23 to 3 FEB 23 Short ,Medium and Long TermNifty 30 Jan 23 to 3 FEB 23 Short ,Medium and Long Term Nifty closed at 17605 ( Prev close 18057) Nifty in Deep Red Zone due to Hindenberg report Adani Stocks befor FPO and budget. Q3 Results didnt entralled the investors to the expectation so far, except Banking sector results. Banking sector posted good performance(results) as mentioned in last 2 weeks analysis but the bank index didnt moved much due to the Indian Market Slow down worry. Expect infra push continues in budget. Currently market is eagerly waiting for budget to prevent any deep fall. Wait for the market to dip to the support levels mentioned below. Overall Strategy: Negative till budget & accumulate on dips w.r.t the strict support level given below. Long Term looks attractive. Market may fall from 2-4 % from current level Nifty short term Nifty was following range bound action for the last month as specified despite budget expectation. Due to the Adani report, market fell down 2.2 % last week. If it breaks below 17435 (Oct22 High Shown in dark Red line) then next support will be 17290 ( MA 200) / 17000. Index will be in broader range with high volatality 17250- 17800 till budget. Investors can Partial profit booking (30%) stocks can be initiated and add value stocks for Long Term when market dips to the above support level. Medium term target 18250 followed by 18900 is achievable as overall macro economic data is good and now purely depends on the push to be given by budget. If the budget is not meeting the expectation then the Market Range will be 16750 ( Sep 22 low) - 18250 levels. Long term target 19500 still in intact. Nifty Bank Index is continuing under oversold zone, Adani stocks exposed stocks like SBI, ICICI, LIC will be consolidating little and opportunity to buy. other bank Stocks like Axis Bank, Kotak Bank, Ujjvan Small Fin bank and BOB looks promising. If nifty moves towards 19500, Nifty Bank will definitely might move to 46500 level from current 42506 little better % than nifty . sectors like Defence, Infra stocks will be concentrated in budget especially HAL, BDL, Ircon, PNC Infra are good to buy on dips ( 5-10% Correction) incase market fall. Auto looks promising - Maruti, M&M , Tata Motors are good to buy. Other stocks - Bajaj Finance ( 5-10% Correction), Infosys, Hind Unilever, Tata Elxsi, KPIT looks promising. Buy on Dips.
NSE:NIFTYShort
by karthikss
Good Start to the New year by NIFTYMarket Outlook: NIFTY has formed a good positive candle on the first trading day of the New year and the positivity can continue if there is no negative global cue during the week. Overall Nifty on daily charts has formed a candle similar to ‘Bullish Harami’ pattern, indicating some positive bias in the investors. However, 18301 to 18389 zone is now a strong resistance as shown in the chart. Major Support Levels: 18084, 17993 and 17777. Major Resistance Levels: 18257, 18301, 18389 and finally 18473.
NSE:NIFTYLong
by Happy_Candles_Investment
02-Jan-2023_NIFTY & BANKNIFTYNIFTY & BANKNIFTY_Day Levels Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:BANKNIFTY
by Kaviarasu_Chandrasekar
30-Dec-2022_NIFTY & BANKNIFTYNIFTY & BANKNIFTY_Day Levels Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:NIFTY
by Kaviarasu_Chandrasekar
Nifty Trade setup for Expiry day 15 DEC 2022Nifty is expected to open gap down. The first Support for Nifty looks to be around 18600 levels. In case of that support getting compromised we can expect next lower supports as marked on the chart getting tested out. Any buy interest around these supports can be traded for quick scalp to above resistances as marked. I would prefer to short Nifty in case of bearish reversal triggers from Previous closing price levels in the opening. Buyers will dominate only if Previous day closing is taken on upside then we can expect to sit for Previous day high as a target.
NSE:NIFTY
by RaviChandran_Rajkumar
Nifty Levels & Strategy for 07/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. Nifty: Options data indicating mild bearishness ahead of RBI policy. Smart money/big players have added plenty of new bearish positions. USA market are already nervous ahead of another rate in next week. Tomorrow, we can expect a sideway move ahead of RBI policy. Post RBI policy market direction will be dependent on rate hike & commentary by RBI regarding inflation & growth outlook. Red Flags to keep in mind for coming days: 1.RBI meeting is going on. Reserve Bank of India (RBI) is likely to go ahead with another rate hike approx. 0.35% on Dec-07 2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen. 3.Gujrat results on Dec-08. Exit-poll results looking good for market Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday) Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 06/DEC/2022 NIFTY IS DOWN BY -58 POINTS Name Price Previous Day Change % Change Nifty 18643 18701 -58.30 -0.31% India VIX 14.04 13.73 0.31 2.26% OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 10207000, CE LTP: 6.5) Max OI (Puts) 18600 (Open Interest: 7505150, PE LTP: 39.4) PCR 0.71 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation Nifty Puts: ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
NIFTY 50 for tomorrow - 7 December 2022Nifty opens Gap down at 18600 vs the previous close at 18701. Since nifty opened at support around 18600-18550, we saw some recovery from there and it closed near the day's high at 18642. Now what's for tomorrow:- Above 18550 - the next resistance is at 18700-18720 Immediate support @ 18550-18600 Sustaining above these levels, the index can move towards 18700-18720, above these levels, the index is likely to trend better. Below 18550 - next support is at 18160 Trending above 18720 Trending below 18500
NSE:NIFTY
by manuagarwal21