#NIFTY Intraday Support and Resistance Levels -12/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21680 level and then possible upside rally up to 21800 level in today's session. in case nifty trades below 21640 level then the downside target can go up to the 21520 level.
Niftyprediction
#NIFTY Intraday Support and Resistance Levels -11/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21650 level and then possible upside rally up to 21770 level in today's session. in case nifty trades below 21600 level then the downside target can go up to the 21480 level.
NIFTY INTRADAY LEVELS FOR 11/01/2024BUY ABOVE - 21630
SL - 21560
TARGETS - 21680,21750,21830
SELL BELOW - 21560
SL - 21630
TARGETS - 21500,21450,21390
NO TRADE ZONE - 21560 to 21630
Previous Day High - 21630
Previous Day Low - 21450
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
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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.
Please NOTE: this levels are for intraday trading only.
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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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NIFTY INTRADAY LEVELS FOR 10/01/2024BUY ABOVE - 21610
SL - 21560
TARGETS - 21680,21750,21830
SELL BELOW - 21500
SL - 21560
TARGETS - 21410,21330,21250
NO TRADE ZONE - 21500 to 21610
Previous Day High - 21750
Previous Day Low - 21500
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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.
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 -10/01/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21530 level and then possible downside rally up to 21410 in today's session. in case nifty trades above 21560 level then the upside target can go up to the 21680 level.
NIFTY50 INTRADAY LEVELS FOR 09/01/2024BUY ABOVE - 21610
SL - 21560
TARGETS - 21680,21750,21830
SELL BELOW - 21500
SL - 21560
TARGETS - 21410,21330,21250
NO TRADE ZONE - 21500 to 21310
Previous Day High - 21750
Previous Day Low - 21500
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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.
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 -09/01/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21500 level and then possible downside rally up to 21380 in today's session. in case nifty trades above 21540 level then the upside target can go up to the 21660 level.
#NIFTY Intraday Support and Resistance Levels -08/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21730 level and then possible upside rally up to 21850 level in today's session. in case nifty trades below 21700 level then the downside target can go up to the 21580 level.
Nifty Short , Medium & Long Term View-08-Jan-24 to 12-Jan-24Nifty Short , Medium & Long Term View-08-Jan-24 to 12-Jan-24
Nifty closed at 21710 (Prev Close 21726) and touched low & high of 21839 & 21490.
RSI and stochastics levels ( 69% & 85 % Respectively). Stochastics above 80 and still in overbought zone.
Market was almost flat last week. Could not take decisive close above 21800-21850.
Fibonacci extended resistance is near to 22500 as shown in chart which is 5 % from current level. nifty need to decisively close above 21800-21900 Zone in order to move to next target 22000/22500.
Profit booking upto 30% was suggested in the last month, Almost i have booked 20% profit in Equities & Mutual Funds. 100% of ulip shifted from equities to balanced funds & money market as we get free switches in ulip.
Market can any time expected to turn volatile and it will continue till Q3 results, Feb budget & 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.
In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Infra Stocks, undervalued bluechip stocks can be considered.
Nifty IT had a good run in last month with expectation of growing world economic condition especially US. Nifty IT expected to post flat results in Q3. But in expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario.
Q3 Results & Policy changes are need to be looked into for next year growth of Nifty.
Nifty- Short Term ( Neutral)
Resistances are at 21800-21850 , 22000 ( however no trend line, fibonacci resistance are available).
Support at 21260 ( MA 21 ) ,21000, 20900
Nifty Medium Term & long Term -
Market decisively closed above 21000 last week and near to 21500
Can achieve 22500 target if close above 21900 decisively.
Support at 20500 ( Fib Support) , 20225 ( prev high), 20000 ( Fib Resistance)
Long Term
market range bound between 22500 to 18800 expected till mid of 2024.
#NIFTY Intraday Support and Resistance Levels -05/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21680 level and then possible upside rally up to 21800 level in today's session. in case nifty trades below 21650 level then the downside target can go up to the 21530 level.
#NIFTY Intraday Support and Resistance Levels -04/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21530 level and then possible upside rally up to 21650 level in today's session. in case nifty trades below 21500 level then the downside target can go up to the 21380 level.
Nifty live prediction for today 3rd Jan 24As we have discussed, Nifty has been moving upwards in the channel. Now, it has broken down to the lower channel, which shows a bearishness in the NIFTY behavior. There is a high probability that it will now continue in the lower channel as a bearish trend. OI data also confirms its bearish nature with PCR = 0.70. it will be bearish for now.
Reasons:
It has entered the bearish channel side. Now, fall might be sharp. (Bearish)
Price < EMAs that show the bearishness in the market. also it has given crossover(ema(13,50)) which always shows reversal of the trend.
RSI = 40 shows the weak bulls and might enter <40 that will be the start of heavy bearishness.
if we see the OI data PCR = 0.70 which shows bearishness in the market.
21500 will be acting as a nice support level to the downside. Upside 21600 will be acting as a nice resistance zone; OI data also confirms that.
Verdict:
Bearish
Plan of action:
Sell 21550 CE and hedge it with a small CE premium.
#NIFTY Intraday Support and Resistance Levels -03/01/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21650 level and then possible downside rally up to 21530 in today's session. in case nifty trades above 21670 level then the upside target can go up to the 21790 level.