NIFTY INTRADAY LEVELS FOR 19/04/2024BUY ABOVE - 22050
SL - 22000
TARGETS - 22080,22120,22160
SELL BELOW - 21960
SL - 22000
TARGETS - 21920,21880,21840
NO TRADE ZONE - 21960 to 22050
Previous Day High - 22320
Previous Day Low - 21960
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.
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Niftyprediction
NIFTY INTRADAY LEVELS FOR 18/04/2024I'M BACK TO TRADINGVIEW AGAIN - Let's Do Rock the Levels With me -
How Many People are Happy Now
BUY ABOVE - 22210
SL - 22160
TARGETS - 22270,22320,22360
SELL BELOW - 22120
SL - 22160
TARGETS - 22080,22050,22020
NO TRADE ZONE - 22120 to 22210
Previous Day High - 22210
Previous Day Low - 22080
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 -16/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22260 level and then possible downside rally up to 22140 & this rally can extend another 120 points if market gives breakdown 22120 level in today's session. in case nifty trades Above 22300 level then the upside target can go up to the 22420 level.
Nifty and Bank Nifty analysis for tomorrow, Tuesday. 15th AprilNifty and Bank Nifty analysis and trade plan for tomorrow, Tuesday. 15th April
Hello, my name is Rahul Bora, I am an intraday trader from Assam, every day I try to share my trade plan for next day, for Nifty and Bank Nifty based on Fibonacci levels and price action only. Whatever I share in these videos, are purely my personal opinion, and not a trade advice in any sense. Viewers are advised to take their trades based on self analysis and own risk taking capacity only.
#NIFTY Intraday Support and Resistance Levels -15/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22500 level and then possible downside rally up to 22380 in today's session. in case nifty trades Above 22530 level then the upside target can go up to the 22650 level.
Nifty Short, Medium & Long Term View- 15-Apr-24 to 19-Apr-24Nifty Short, Medium & Long Term View- 15-Apr-24 to 19-Apr-24
Nifty closed at 22519 (22513) and touched low & high of 22435 & 22782
Nifty touched new high last week and reduced 1 % due to global cues on last day.
Global tension caused mild drop in last working day of market. Depends the situation market will react next week. Expecting a mild fall till 22000 and may raise afterwards.
RSI and stochastics levels was marginally down last week(57% & 71% Respectively).
Refer to detailed comments in the bottom on market and election outcome.
Nifty IT 35018(35250) - Nifty IT marginally decreased last three weeks. To continue hold and buy on dips. Nifty IT touched 20 days before new high (38550) and started falling. Major support at 34918 /34000. Can add more at 33288 with Target 40000.
Nifty bank 48565 (48535) - As expected Nifty Bank increased in the last month gaining near to 6.5%. Nifty touched the near time target provided at 48618 & touched new high of 49063.
Medium term support is at 44598 if breaks major support at 43650 ( Fib Support). To continue buy on dips.
Nifty 22519- Short & medium term (Neutral)
Nifty moved up in the last week touched new high 22782. As mentioned in the past month, nifty almost reached the near term target 22819 (Fibonacci extended resistance ( target) iwhich is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak/23000.
Short term support 22000/21900
Medium term Support - 21721 (Mar Low),21554 (Fib Support),21300, 20877 Fib Support as shown in the chart.
Long Term
Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 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). Market Awaiting for the Q4 results to take a cue.
Comments :
Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000.
Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions.
Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range.
Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000.
Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank in nearing the target provided (48600). Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Continue to buy on dips.
As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
Detailed Weekly Analysis for Nifty.
This is the Monthly chart to understand the biggest picture for Swing positions.
This is a Potential Weekly Demand which has the power to turn around the game in the buyers side. Now in order to reach this Demand Price needs to reach some Supply and then retrace down into this Weekly Demand.
Further down in Daily chart we see there is a "Violated Daily Demand", this clearly indicates Sellers have just become more powerful and we also have a Fresh Daily Supply which is a Source Supply for a Downtrend till the Weekly Demand shown in the 1st figure.
This is the Demand Supply Equilibrium Curve from potential Daily Supply to Potential Weekly Demand, wait for the Price to reach the Daily Supply and further the Curve tells us where the Price is on the curve and accordingly decide the Trade.
#NIFTY Intraday Support and Resistance Levels -12/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22720 level and then possible downside rally up to 22600 in today's session. in case nifty trades Above 22760 level then the upside target can go up to the 22880 level.
#NIFTY Intraday Support and Resistance Levels -10/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22670 level and then possible upside rally up to 22790 level in today's session. in case nifty trades below 22620 level then the downside target can go up to the 22500 level.
#NIFTY Intraday Support and Resistance Levels -09/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22680 level and then possible upside rally up to 22800 level in today's session. in case nifty trades below 22640 level then the downside target can go up to the 22520 level.
Nifty Price ActionThis is not an investment advice or recommendation, It's solely for Educational Purposes. This is the bias for Nifty for now. Market Structure is positive, will be working on the most probable setup. Expecting some retracement before continuation of the up move. Spotted this inverse head and shoulder structure. A high probability for long side trade.
Nifty Analysis At March EndThese the are 3 most probable paths for Nifty to move forward. We are bullish right now, however there's still room left for retracement. We can look out for longs once we confirm that the retracement is complete.
If selling stays strong and market structure shift bearish, then we can continue looking out for short side entries.
#NIFTY Intraday Support and Resistance Levels -08/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22550 level and then possible upside rally up to 22670 level in today's session. in case nifty trades below 22500 level then the downside target can go up to the 22380 level.
Monday 08 April , Nifty Intraday Setup Index behaviour has been unpredictable since January 2024. None breakouts or falls have been sustained for the whole day, which is a sign of the dirty uptrend, which is not reliable, especially when the Index is trading on ath
Intraday Range: 22,430 to 22,620
Strategy 1: The range is wider, so focus on reversals of critical resistance and support.
Strategy 2: The 30-minute Please find below a revised version of the text:
Since January 2024, the behaviour of the Index has been unpredictable. There have been no sustained breakouts or falls throughout the day, which indicates a dirty uptrend that is not reliable, especially when the Index is trading on its all-time high.
The intraday range for today is between 22,430 and 22,620.
To trade in such a market, you can follow two strategies:
1. The range is wider, so focus on reversals of critical resistance and support.
2. The 30-minute range can help you identify market curves and directions.
Risk management is crucial in such uncertain market conditions. To minimize your risks, you should:
- Keep your position size low.
- Choose the right segments to trade in.
- If you are a directional trader, trade-in pieces instead of taking a full position.ge also helps to identify the market curves and directions.
Risk Management :
Position size must be low
Segments will play a significant role
Trade in Pieces instead if you are a directional Trader