#NIFTY Intraday Support and Resistance Levels - 16/08/2024Today expected gap up opening in nifty near 24350 level. After opening if nifty starts trading above 24350 level then expected upside rally upto 24500 level. Downside possible upto 24100 if nifty starts trading below 24300 level. This can be expected for more 100-200 points if give breakdown of 24100 level in today's session.
Niftyprediction
NIFTY INTRADAY LEVELS FOR 14/08/2024BUY ABOVE - 24200
SL - 24110
TARGETS - 24270,24320,24380
SELL BELOW - 24110
SL - 24200
TARGETS - 24010,23900,23800
NO TRADE ZONE - 24110 to 24200
Previous Day High - 24380
Previous Day Low - 24110
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nifty 14 August PridictionAccording to current market situation , tomorrow market will most volatile market for this month because there are a lot of things may affect tomorrow market, Iran-Israel War, Russia-Ukraine War, SEBI-HINDENBURG War,
So we will strongly recommend to trade will one fourth quantity in first half. Give proper time to settle it, and in Second half will support them who will keep patience in first hour,
Enjoy the tomorrow market according my prediction . Don't be against the towards the trend.
Nifty Prediction for 13 AugustAccording to current market situation Indian market is totally unpredictable because the hiddenberg report may lead to down the Indian marketon 13 August. so we should focus the 15 minute candle behaviour behaviour and according to that we should take entry into longs or shorts.
NIFTY INTRADAY LEVELS FOR 13 AUG 2024BUY ABOVE - 24380
SL - 24320
TARGETS - 24440,24530,24590
SELL BELOW - 24320
SL - 24380
TARGETS - 24270,24200,24110
NO TRADE ZONE - 24320 to 24380
Previous Day High - 24440
Previous Day Low - 24200
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 12/08/2024BUY ABOVE - 24380
SL - 24320
TARGETS - 24440,24530,24590
SELL BELOW - 24320
SL - 24380
TARGETS - 24270,24200,24110
NO TRADE ZONE - 24320 to 24380
Previous Day High - 24440
Previous Day Low - 24320
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nifty 50 analysis for coming week for 12th August to 16th AugustThis chart of the Nifty 50 Index on a 15 minute timeframe includes a Rising Wedge pattern and highlights several key levels and potential price movements. Here's the analysis:
Key Levels:
Immediate Resistance Levels:
24,516: A potential breakout point above which the index might move higher.
24,837: Another significant resistance level to watch if the price moves upward.
25,000: Key psychological and resistance levels that could be tested if the bullish momentum continues.
25,100: The upper target for a strong bullish move.
Support Levels:
24,385 (PW-VAH): Previous Week Value Area High, acting as a support zone.
24,265 - 24,228 (PM-POC): Previous Month Point of Control, an area where the price might find support.
24,140 (PM-VAL): Previous Month Value Area Low, a crucial support level.
24,000: A key psychological support level, also indicated on the chart.
23,920, 23,809, 23,681, and 23,595:
These are lower support levels, potentially in play if the price breaks below 24,000.
Chart Patterns:
Rising Wedge: A bearish pattern that suggests the price might break downwards after consolidating. It is currently testing the upper boundary of this pattern.
Predicted Movements:
Bullish Scenario:
If the price breaks above 24,516, it could move towards the 24,837 level. Further upward movement could target 25,000, 25,057, and possibly 25,100 if the bullish momentum is strong.
The green arrows indicate the possible upward targets.
Bearish Scenario:
If the price fails to break above 24,516 and starts to break down from the Rising Wedge, it could retest lower levels like 24,385, 24,265, and 24,228.
A significant break below 24,000 could lead to further downside, targeting 23,920, 23,809, 23,681, and 23,595.
The red arrows indicate the possible downward targets.
Conclusion:
Upside Potential: A breakout above 24,516 could lead to a test of higher levels up to 25,100.
Downside Risk: A break below 24,000 could initiate a stronger bearish move, targeting the lower support levels.
The movement will likely depend on how the price reacts around the 24,516 level and whether it breaks the Rising Wedge pattern upwards or downwards.
Nifty Consolidating? What's Next?After a turmoil in the US and Japanese market, the ripple effect led the Indian markets to fall on an average 4% on Monday.
This crash has led to correction of an overvalued market, as per analysts.
The market seems to be at a decent valuation and investors who have missed the opportunity, might enter and join the bandwagon of India's growth story.
Let us look at Nifty50's chart on Daily Timeframe:
Previous support: 23890
a level where price should stay and give a bullish sign: 24211
#NIFTY Intraday Support and Resistance Levels - 09/08/2024Market Outlook for Nifty:
Opening: Expected to open with a gap up near the 24,350 level.
Resistance Zone: Nifty will encounter a strong resistance between 24,350 and 24,400.
Potential Reversal: If a reversal occurs at this resistance zone, the downside could extend to 24,100.
Extended Downside: Further downside is possible if Nifty trades below the 24,050 level, potentially reaching 23,850.
Bullish Scenario: A strong bullish rally is only expected if Nifty sustains and trades above the 24,400 level.
NIFTY INTRADAY LEVELS FOR 09/08/2024BUY ABOVE - 24200
SL - 24110
TARGETS - 24270,24360,24440
SELL BELOW - 24110
SL - 24200
TARGETS - 24010,23900,23800
NO TRADE ZONE - 24110 to 24200
Previous Day High - 24360
Previous Day Low - 24110
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
#NIFTY Intraday Support and Resistance Levels - 08/08/2024In today's session, Nifty will open gap down near 24200 level. After opening expected breakdown of 24200 level if nifty gives breakdown of this level then possible strong downside upto 24000 level. Any upside rally only expected above 24350 level.
NIFTY INTRADAY LEVELS FOR 08/08/2024BUY ABOVE - 24360
SL - 24270
TARGETS - 24440,24530,24590
SELL BELOW - 24200
SL - 24270
TARGETS - 24130,24010,23900
NO TRADE ZONE - 24200 to 24360
Previous Day High - 24360
Previous Day Low - 24200
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nifty live predection and analysis for intradayNifty looking bullish
if sellers again try to push towards support and break resistance then upmove is expected
watch chart on 5 min.
THIS OVERVIEW IS FOR VERY SHORT PERIOD.
Disclaimer: Any of my posts should not be considered as a Buy/ Sell/Hold recommendation. This analysis is for educational and learning purpose only.
I always recommend using Stop Loss and following risk management rules.
NIFTY INTRADAY LEVELS FOR 07/08/2024BUY ABOVE - 24130
SL - 24010
TARGETS - 247220,24360,24440
SELL BELOW - 24010
SL - 24130
TARGETS - 23900,23800,23740
NO TRADE ZONE - 24010 to 24130
Previous Day High - 24360
Previous Day Low - 23900
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY ANALYSIS FOR 06 AUG 2024BUY ABOVE - 24130
SL - 23990
TARGETS - 247220,24360,24440
SELL BELOW - 23990
SL - 24130
TARGETS - 23900,23800,23740
NO TRADE ZONE - 23990 to 24130
Previous Day High - 24360
Previous Day Low - 23900
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIfty Analysis support and resistence1. Nifty 50 Index Overview:
- The Nifty 50 Index represents the top 50 stocks by market capitalization on the National Stock Exchange of India (NSE). It covers 13 sectors of the Indian economy and serves as a benchmark for fund portfolios and index funds.
- As of the most recent data, the Nifty 50 has been performing well, with a year-to-date gain of 14.31% and a 1-year return of 26.33%.
2. Recent Market Movements:
- On July 23, 2024, after the Union Budget presentation, the Nifty experienced a slight retraction.
- However, on July 26, 2024, it rebounded and reached an all-time high of 24,861 points.
- This raises questions about its next move.
3. Concerns and Analysis:
- The closing at 24,055 points (lower than the previous close on July 23) indicates potential weakness.
- Significant volume and increasing volatility suggest heightened market activity.
- Such conditions can be risky for investors, as sudden swings may lead to losses.
4. Cautionary Note:
- Traders and investors should closely monitor the Nifty 50 chart and consider risk management strategies.
- While the market has shown strength, caution is warranted due to the volatile environment.
Remember, market predictions are complex, and various factors influence them. Always consult with a financial advisor before making investment decisions. 📈📉