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Niftyprediction

Nifty Intraday (26-06-2024)Price Levels: The Nifty is trading at 23,721.90, with the high and low for the session being 23,754.15 and 23,715.30, respectively. Exponential Moving Average (EMA): A 20-period EMA is plotted on the chart with a value of 23,656.26. Support and Resistance Levels: The chart displays several horizontal lines indicating key levels: 23,731.65 23,665.85 23,570.05 23,385.50 Trading Signals: Buy Signal: "Buy Above 23,750; Target Open for 24,000" indicated by a green arrow pointing upward. Sell Signal: "Sell Below 23,665; Target 23,500" indicated by a red arrow pointing downward. The chart is likely used for intraday trading strategies, providing specific levels to enter buy or sell positions based on the Nifty 50's price movements.
NSE:NIFTY
by Praveenmor7
NIFTY - High probability Correction ahead..!!!The move testing the highs of 21st JUN is about to conclude, following which the correction begins in one larger degree. the trendlines & supports can be seen in the charts Important points of support will be, SI - 22,665 SII - 22,535 to hold temporarily SIII - 22,130 ~ 21,830 SL - Any higher moves beyond 23,750 PS: The correction has equally arguable alternate probabilities, to be exact 2. 1. The correction from 20MAR'23 (16,828 levels) - A LP Outcome 2. The Possibility of an extending triangle - meager probable outcome. *The discussed outcome is highly probable among all these. However, the data from the market's forthcoming sessions are mandatory for confirming the same - to eradicate the alternatives!!! Short positions can be taken from 23,690 ~ 23,700 levels Trade Accordingly.
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
NIFTY - A clear Swing correctionAs mentioned before the logic remains valid for today. the market is expected to inch higher to the levels mentioned below & after which the correction progresses. The levels RI - 23,526 (1.382 FE) R II - 23,580 ~ 23,598 (TL (mid) Intersection - very strong); a SHORT trade here is rewarding!!! RIII - 23,636 (1.414 FE); highly unlikely to be tested in this move SL: Any surge above 23,640 will make the trade void (however, the confidence is so strong that this will not be the case). TP: will be updated in succeeding posts(the presence of ambiguity due to 2 possibilities, progression in correction will help to sort it out!). Trade accordingly
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
NIFTY INTRADAY LEVELS FOR 25 JUNE 2024BUY ABOVE - 23580 SL - 23500 TARGETS - 23650,23730,23800 SELL BELOW - 23500 SL - 23580 TARGETS - 23430,23370,23300 NO TRADE ZONE - 23500 to 23580 Previous Day High - 23580 Previous Day Low - 23370 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 👍
NSE:NIFTY
by Jagadheesh_JP
Banknifty Intraday (25-06-2024)Bank Nifty 15-Minute Intraday Chart for 25 June Key Levels: Buy Above 51,824: Target: 52,000+ Indicates a bullish signal if the price breaks above 51,824. Sell Below 51,550: Target: 51,250+ Indicates a bearish signal if the price drops below 51,550. Observations: -The chart includes a 20-period Exponential Moving Average (EMA), marked at 51,626.06. -Current price: 51,709.65 (as of the chart time). -Resistance Level: 51,817.85. -Support Levels: 51,287.35 and 50,253.95. Trading Strategy: Buy Strategy: -Enter a long position if the price breaks above 51,824. -Target a move to at least 52,000 or higher. Sell Strategy: -Enter a short position if the price drops below 51,550. -Target a move to at least 51,250 or lower. This concise overview can help traders quickly understand the important levels and potential trade opportunities for Bank Nifty on 25 June.
NSE:BANKNIFTY
by Praveenmor7
Nifty Intraday (25-06-2024)The chart you've provided is a 15-minute intraday chart for the Nifty 50 Index. Here are the key details and levels: Key Levels and Zones: No Trade Zone: Marked in purple, indicating a range where trading is not recommended. Buy Above 23560: Target 23650+. Sell Below 23500: Target 23385. Observations: -The chart includes a 20-period Exponential Moving Average (EMA). -Support and resistance levels are clearly marked: -Resistance at 23,632.10. -Support at 23,432.10 and 23,336.35. Trading Strategy: Buy Strategy: -Enter a long position if the price breaks above 23,560. -Target a move to at least 23,650 or higher. Sell Strategy: -Enter a short position if the price breaks below 23,500. - Target a move to at least 23,385. If you need further analysis or another specific task related to this chart, feel free to ask!
NSE:NIFTY
by Praveenmor7
NIFTY INTRADAY LEVELS FOR 24/06/2024BUY ABOVE - 23500 SL - 23430 TARGETS - 23580,23650,23730 SELL BELOW - 23430 SL - 23500 TARGETS - 23370,23300,23230 NO TRADE ZONE - 23430 to 23500 Previous Day High - 23650 Previous Day Low - 23430 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 - [/b ]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 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Short, Medium & Long Term view 24-Jun-24 to 28-Jun-24Nifty Short, Medium & Long Term view 24-Jun-24 to 28-Jun-24 Nifty closed at 23501 (23465) and touched low & high of 23417 & 23660 Post Election and govt formation market sustained above key resistance at 23250-23300 for two weeks after a dip to 21286. RSI and stochastics levels was marginally down last week (60 % & 91% Respectively). Stochastic still in overbought levels. Retain the statement for third week, Market need to cross 23900-24100 as two trend line resistance ( Shown in the Chart between 23900 and 24100), if not can book partial profit and can wait for market to correct as there is a strong resistance in that zone. Nifty 23501- Short term (Neutral ) Nifty might move up and It may touch 23900. Nifty still have resistance / support around 22600. Nifty at PE 22.3 near to 3 year historical average 22.5 hence to be cautious. Short term support 22600( trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart. Medium term resistance 24000/24100 ( Trendline) medium term Support - 21300 Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Nifty also have resistance at 25000 ( Trend Line). If market close above 24000 decisively. All Companies so far posted average results other than Bank & Finance stocks which posted Good results thats why it is evident Nifty Bank have grown better than Nifty, Nifty IT and Nifty Auto in last 2 months. Nifty bank 51955 (50000)- As proposed from 47250 level nifty bank jumped near to 10%. Caution to be emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone. Slowly Can consider to book partial profits in Nifty Bank on every rise. Investment decision in Nifty bank, bank stocks helped in portfolio. Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank ,ICICI Bank, HDFC Bank, SBI ( Buy on dip) and Indus Ind Bank ( Buy on dip). Following Finance Stocks can be added as it posted good results are Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Coforge & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT 35200 (34598), indices broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks.
NSE:NIFTY
by karthikss
NIFTY - On the verge of a correction There is a possibility that the market is being interrupted by the intersection of two strong resistances (mid-trend line intersection) which calls for a correction in the monthly time frame. However, the penultimate move is yet to be completed. The market is about to test the previous day's low @23,442.60 & after that, there will be a struggling upward move testing again at 23,664. The correction progresses from there to the 21,280 ~ 21,200 levels Today support for the upcoming penultimate move will be, SI - 23,442.60 SII - 23,435 ~ 417 SIII - 23,382 NO recommended SL for this trade setup (Any substantial increase above 22,664, calls off the trade). The resistance to the final move is 23,664 & is expected to surpass the said levels by a minimum margin. Trade accordingly.
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
NIFTY INTRADAY LEVELS FOR 21/06/2024 BUY ABOVE - 23580 SL - 23500 TARGETS - 23650,23730,23800 SELL BELOW - 23500 SL - 23580 TARGETS - 23430,23370,23300 NO TRADE ZONE - 23500 to 23580 Previous Day High - 23650 Previous Day Low - 23430 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 👍
NSE:NIFTY
by Jagadheesh_JP
A Clear Breakout on HDFC AMC ChartHere you can witness a clear breakout of the Trendline in Blue Color and Resistance Level in Red Color, Which means this share is ready to enter in up-trend now. One can consider this share for a good return in the Long Term period. But for a short period, my defined targets are as below: Entry above - Rs 2000 1st Target - Rs 2200 2nd Target - Rs 2300 Long-Term Target - Rs 3000 Stoploss (Which needs to maintained) - Rs 1961 Note: Please discuss with your advisor before taking any trade as per my analysis.
NSE:HDFCAMCLong
by smartmarketview
NIFTY INTRADAY LEVELS FOR 20/06/2024BUY ABOVE - 23580 SL - 23500 TARGETS - 23650,23730,23800 SELL BELOW - 23500 SL - 23580 TARGETS - 23430,23370,23300 NO TRADE ZONE - 23500 to 23580 Previous Day High - 23650 Previous Day Low - 23430 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 19/06/2024BUY ABOVE - 23580 SL - 23500 TARGETS - 23650,23730,23800 SELL BELOW - 23500 SL - 23580 TARGETS - 23430,23370,23300 NO TRADE ZONE - 23500 to 23580 Previous Day High - 23500 Previous Day Low - 23370 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 18/06/2024BUY ABOVE - 23500 SL - 23430 TARGETS - 23600,23700,23800 SELL BELOW - 23370 SL - 23430 TARGETS - 23300,23230,23150 NO TRADE ZONE - 23370 to 23500 Previous Day High - 23500 Previous Day Low - 23370 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 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Short, Medium, Long Term 18-Jun-24 to 21-Jun-24Nifty closed at 23465 (23293) and touched low & high of 23221 & 23484 Post Election and govt formation market sustained above key resistance at 23250-23300 for another week after the last week dip to 21286. RSI and stochastics levels was up from last week (61.5 % & 98.88% Respectively). Stochastic in overbought levels. Market need to cross 23900-24100 as two trend line resistance ( Shown in the Chart between 23900 and 24100), if not can book partial profit and can wait for market to correct as there is a strong resistance in that zone. Nifty 23290- Short term (Up ) Nifty might move up and It may touch 23900. Nifty still have resistance / support around 22600. Nifty at PE 22.32 near to 3 year historical average 22.5 hence to be cautious. Short term support 22600( trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart. Medium term resistance 24000 medium term Support - 21300 Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Nifty also have resistance at 25000 ( Trend Line). If market close above 24000 decisively. All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 50000 (49803)- As proposed from 47250 level nifty bank jumped more than 7%. Investment decision in Nifty bank, bank stocks helped in portfolio. Still can continue to invest whenever dip in bank and other nbfc stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT 34598 (35218), indices broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks.
NSE:NIFTY
by karthikss
NIFTY INTRADAY LEVELS FOR 14 JUNE 2024BUY ABOVE - 23400 SL - 23370 TARGETS - 23500,23600,23700 SELL BELOW - 23370 SL - 23440 TARGETS - 23300,23230,23150 NO TRADE ZONE - 23370 to 23440 Previous Day High - 23500 Previous Day Low - 23370 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 13 JUNE 2024BUY ABOVE - 23400 SL - 23370 TARGETS - 23500,23600,23700 SELL BELOW - 23300 SL - 23370 TARGETS - 23230,23150,23080 NO TRADE ZONE - 23300 to 23440 Previous Day High - 23440 Previous Day Low - 23300 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 👍
NSE:NIFTY
by Jagadheesh_JP