#NIFTY Intraday Support and Resistance Levels - 02/09/2024Gap up opening in nifty. Expected opening near 25400 level. After opening if nifty starts trading above 25450 level then possible strong upside rally upto 25600+ level in today's session. 25400 level will act as a resistance for today's session. Expected some correction from this level. Downside 25250 level will strong support for nifty.
Niftyprediction
NIFTY INTRADAY LEVELS FOR 02 SEP 2024BUY ABOVE - 25260
SL - 25200
TARGETS - 25320,25400,25470
SELL BELOW - 25200
SL - 25260
TARGETS - 25130,25080,25030
NO TRADE ZONE - 25200 to 25260
Previous Day High - 25260
Previous Day Low - 25200
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 👍
Nifty50 analysis for next week 2nd Sept-6th Sept 2024#Nifty surged to a new all-time high of 25236 this week, gaining nearly 400 points from the previous week's close. As predicted, the market remained within the 25500-24200 range.
For the coming week, I anticipate Nifty to trade between 25850 and 24600 . A break above or below these levels could trigger significant price movements. If Nifty can sustain above 25300, it might reach 25400, 25568, 25650, or even 25809 (a crucial resistance level).
While the weekly RSI is showing signs of a bearish M pattern, I believe Nifty needs to reach 25500 or 25800 before a significant decline. Overall, for coming week market remains bullish.
The S&P 500 closed just above the important Fibonacci level of 5637. A break above 5670 could lead to gains towards 5700, 5806, or even 6142, which would likely benefit Indian markets. However, a breakdown below 5550 could trigger a sell-off, with potential support levels at 5486, 5373, and 5180. Such a scenario would have negative implications for global markets, including India.
NIFTY INTRADAY LEVELS FOR 30 AUG 2024BUY ABOVE - 25200
SL - 25130
TARGETS - 25260,25320,25400
SELL BELOW - 25130
SL - 25200
TARGETS - 25080,25030,24970
NO TRADE ZONE - 25130 to 25200
Previous Day High - 25200
Previous Day Low - 24970
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 Positional Trading PlanThe market continued to consolidate while maintaining its upward momentum
for the ninth consecutive session and hit a new Nifty 50 closing high on 28th August.
The rise of 0. 14 per cent to 25,052 points formed a doji like
candlestick pattern indicating consolidation and indecision among buyers and
sellers on future market trends. US stock markets fell across the board
overnight and Asia opened today with a correction, creating instability in the domestic market. The bulls may weaken after consecutive rallies and the
market is expected to remain consolidated on the monthly F&O expiry date.
Important resistance above is at 25, 100 pips,
while short-term key support
appears at 24,950 pips, at 5-day EMA level.
Nifty Options
For call option data, the highest number of open positions is at 25,500 strike, which can act as a key
resistance level for Nifty in the short term. In put options, the highest number of open positions is at
25,000 strike, which can act as a key support level for Nifty.
August F&O expires and can be shifted to September F&O to open new positions. Longs have shown weakness and remain short for the next few
sessions, today one can focus on NIFTY SEP 24500 PE and enter new position at 135-150 with scheduled profit of 15%.
#NIFTY Intraday Support and Resistance Levels - 29/08/2024Today will be flat opening expected in nifty. Possible nifty will open near 25050 level. After opening strong bullish rally only expected above 25100 level. Downside rally possible if nifty starts trading below 25000 level. 25000-25100 will act as a consolidation zone for today's session.
NIFTY INTRADAY ANALYSIS FOR 29/08/2024BUY ABOVE - 25080
SL - 25030
TARGETS - 25130,25200,25260
SELL BELOW - 25030
SL - 25080
TARGETS - 24970,24900,24850
NO TRADE ZONE - 25030 to 25080
Previous Day High - 25130
Previous Day Low - 24970
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 - 28/08/2024🔔 Nifty Update for Today:
📊 Expected Opening:
Opening Outlook: Flat
📈 Consolidation Zone:
Range: 25000 - 25050
Nifty is expected to open flat today, trading within a consolidation zone between 25000 and 25050.
📈 Potential Upside Movement:
Upside Target: 25250+
Condition: If Nifty starts trading and sustains above 25050
If Nifty breaks above 25050 and sustains that level, an upside rally could push the index towards 25250+ in today’s session.
📉 Downside Risk:
Condition: If Nifty starts trading below 25000
Any significant downside is likely only if Nifty starts trading below 25000.
NIFTY INTRADAY LEVELS FOR 28/08/2024BUY ABOVE - 25030
SL - 24970
TARGETS - 25080,25160,25240
SELL BELOW - 24970
SL - 25030
TARGETS - 24900,24850,24780
NO TRADE ZONE - 24970 to 25030
Previous Day High - 25080
Previous Day Low - 24970
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 anlaysis for tomorrow 28 july 2024 (Nifty Intraday Setup)Today After breaking previous day high nifty consolidated from 12 pm to 2 pm and failed to sustain at higher level.
And Nifty closed with a selling swing today.
So for tomorrow if with opening market created a selling swing then a bounce will be expected and day high break or price near high will be expected. Look for W pattern on 5 min.
(SELLING SHOULD NOT BE VERY SHARP AND BIG).
And
If Price move upside and take rejection below todays high & created a lower High (M Pattern on 5 mins.) then intraday low break will be expected.
#NIFTY Intraday Support and Resistance Levels - 27/08/2024🔔 Nifty Update for Today:
📊 Expected Flat Opening:
Opening Range: Between 25000 and 25050
📈 Potential Upside Movement:
Upside Target: 200+ points from 25050
Nifty is expected to open flat within the 25000 to 25050 range. If the index starts trading above 25050 after the opening, a strong upside rally of 200+ points could be possible in today’s session.
📉 Downside Risk:
Major Downside: Only expected if the index falls below 25000
NIFTY INTRADAY LEVELS FOR 27/08/2024BUY ABOVE - 25030
SL - 24970
TARGETS - 25080,25160,25240
SELL BELOW - 24970
SL - 25030
TARGETS - 24900,24850,24780
NO TRADE ZONE - 24970 to 25030
Previous Day High - 25030
Previous Day Low - 24850
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 - 26/08/2024🔔 Nifty Update for Today:
📈 Expected Gap Up Opening:
Opening Level: Near 24900
Primary Upside Target: 25050
In today’s session, Nifty is expected to open near the 24900 level. If the index sustains above this level after the opening, we could see a strong upside rally, potentially reaching up to 25050.
📉 Watch for Downside Risks:
Critical Support Level: 24850
Major Downside: Only expected if the index falls below 24850 during today’s session.
NIFTY INTRADAY LEVELS FOR 26/08/2024BUY ABOVE - 24850
SL - 24780
TARGETS - 24900,24960,25020
SELL BELOW - 24780
SL - 24850
TARGETS - 24740,24700,24660
NO TRADE ZONE - 24780 to 24850
Previous Day High - 24850
Previous Day Low - 24780
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 👍
#nifty50 analysis for next week 26-30th Aug 2024Nifty surged nearly 300 points last week, closing at 24,823. It reached a high of 24,867 and a low of 24,522. As predicted, Nifty remained within its 25,200-23,900 range.
For the coming week, I anticipate a Nifty range of 25,500 to 24,200. Breaking these levels could trigger significant market movements. If Nifty closes above the strong resistance of 24,860 this week, it could pave the way for levels like 25,500 and 25,800 in the near future. However, Monday's opening is crucial. If it equals the daily high or reaches 24,825, bearish sentiment might return, potentially leading to support levels at 24,625, 24,486, 24,346, and 24,200 being tested.
Meanwhile, the S&P 500 closed at 5,634, up 70 points from the previous week. Interestingly, it closed right at the important Fibonacci level of 5,637. If it can close above this level for two consecutive days, the path to 5,700, 5,806, and even 6,142 could be open, potentially benefiting Indian markets as well.
Nifty Prediction for Tomorrow: 26 August, 2024Nifty continues sideways today!
No problem! Iam holding my CE buy position.
Trailing stop loss at - 24,750
Close CE buy position if price closes below 24,750
Open PE buy position if price closes below 24,750
All position on candle close basis ONLY. No running candle trades!
Happy weekend and dont forget to spend time with your family!
How the FII-DII Tug of War Could Shape Nifty 50's Future Good Afternoon TV Family,
Summary:
The upcoming Jackson Hole meeting and potential rate cuts from the Federal Reserve, global equity markets could experience a shake-up.
In this idea, we delve into how a U.S. rate cut might trigger foreign institutional investors (FIIs) to rethink their allocations and the crucial role domestic institutional investors (DIIs) and retail flows will play in stabilizing Nifty 50.
Let's explore the dynamic between FII outflows and DII buying, and how this tug-of-war could impact the Indian equity market.
Lets Deep Dive :
1. Jackson Hole Meeting and Rate Cuts:
If the Federal Reserve cuts rates by 25-50 basis points, it would signal an accommodative stance aimed at supporting economic growth or preventing a slowdown. Lower interest rates generally boost equity markets because they reduce the cost of borrowing and make risk assets like stocks more attractive compared to bonds or cash.
US Equities: A rate cut would likely be bullish for the US stock market. Lower rates improve corporate profitability, make borrowing cheaper for consumers and businesses, and reduce the yield on bonds, encouraging investors to shift to equities. This should lift major indices like the S&P 500 and NASDAQ.
2. Impact on Global Markets:
Global Spillover: A strong rally in the US equity markets often leads to positive sentiment spilling over to global markets. Optimism in the US can create a "risk-on" environment where investors globally are more willing to take risks in equities and emerging markets.
Currency Impact: A rate cut might weaken the US dollar, which could benefit emerging market currencies, including the Indian rupee. A weaker dollar generally supports emerging markets by making their debt cheaper to service and boosting exports.
3. Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) Impact:
Capital Reallocation: A rate cut in the US could lead to a reallocation of capital by foreign institutional investors (FIIs). If US markets become more attractive due to lower rates and expectations of better returns, FIIs could redirect funds from emerging markets like India back to the US.
Risk of FII Outflows: Historically, when the US markets become more attractive, FIIs tend to pull capital from riskier emerging markets to take advantage of the safer and more promising environment at home. If FIIs reduce their exposure to India, we could see short-term pressure on Indian equity markets.
FIIs vs. DIIs: The Balancing Act
FII Dominance: Historically, FIIs have had a significant impact on Indian equity markets due to their sheer scale. Large-scale selling by FIIs can cause downward pressure on the markets, and in periods of uncertainty or risk aversion, they often pull out capital quickly.
DII Counterbalance: On the flip side, DIIs (including mutual funds, insurance companies, pension funds, etc.) have grown stronger in recent years. While they may not match the FIIs in volume, their growing influence means they can absorb some of the selling pressure. In fact, DIIs often act as stabilizers when FIIs sell aggressively.
4. DII Firepower and Their Role
DIIs’ Buying Capacity: DIIs have been steadily increasing their presence in the market, supported by growing retail participation via mutual funds and SIP (Systematic Investment Plan) inflows. Monthly SIP inflows in India have consistently been hitting record levels (e.g., over ₹15,000 crores). This gives DIIs a significant pool of funds to deploy, which can offset some of the FII selling pressure.
Insurance and Pension Funds: In addition to mutual funds, large domestic players like insurance companies (e.g., LIC) and pension funds have deep pockets and tend to be more long-term focused. They can step in to support the market during periods of FII outflows.
5. FII Selling vs. DII Buying: Historical Context
In recent years, there have been several instances where FIIs have sold heavily, but DIIs have stepped in to absorb some of the selling pressure. For example, during periods of global uncertainty (e.g., the COVID-19 pandemic or geopolitical tensions), DIIs have been active buyers when FIIs were selling.
However, the degree of balance between FIIs and DIIs is critical. If FIIs engage in a prolonged or aggressive selling spree, it could overwhelm the DIIs' ability to absorb all the outflows. In such cases, the market could still see a downward correction, albeit potentially less severe due to DII intervention.
6. Retail Investor Participation
Growing Retail Participation: While individual retail investors may not have the power to single-handedly stop a market decline, their cumulative impact through mutual funds and SIPs is growing significantly. Retail participation has become more pronounced in the Indian markets, with a steady flow of domestic savings being funneled into equities.
SIP Flows: Monthly SIP inflows have created a steady and predictable stream of liquidity for the market. Even during periods of FII outflows, DIIs can rely on these inflows to buy equities and stabilize the market. While this might not entirely counterbalance FII selling, it provides consistent support and can cushion downside moves.
7. Role of Mutual Funds and SIPs
Mutual Funds and SIPs: With SIP flows providing a reliable source of funds, DIIs can manage their buying strategies more effectively, especially during periods of volatility. This has been one of the reasons why the Indian markets have remained relatively resilient in the face of global shocks.
SIP Inflows’ Resilience: SIPs are typically long-term, driven by retail investors who are less likely to pull out during short-term corrections. This means that mutual funds have a steady flow of capital to deploy, which can help support the market over time, even if FIIs sell off in the short term.
8. Indian Market Reaction:
Short-Term Negative Impact: The Indian markets might see a negative reaction in the short term, particularly due to potential FII outflows and global investors reallocating capital to US equities(not a must but a possibility). However, this will depend on the scale of the US market rally and how much FII sentiment is swayed by the rate cut.
Longer-Term Outlook: In the longer term, India remains a strong emerging market story with robust growth potential. So, while there might be short-term downside due to FII outflows, domestic factors like earnings growth, reforms, and economic resilience could offset the impact over time.
9. Potential Limits of DII Support
Magnitude of FII Selling: If FIIs engage in heavy and sustained selling (e.g., billions of dollars in outflows), DIIs may not have the capacity to fully absorb the impact. In such cases, the market would likely see a correction, and DIIs would focus on selectively buying stocks where they see long-term value.
Global and Domestic Factors: DIIs’ ability to support the market also depends on the broader domestic economy, liquidity conditions, and global sentiment. For instance, if global markets are in turmoil, even DIIs might become more cautious, limiting their ability to counteract FII outflows.
10.Other Considerations:
Sectoral Impact: Some sectors in the Indian market, such as IT services, might benefit from a weaker US dollar and stronger US growth prospects, while rate-sensitive sectors (like financials) could face pressure from FII outflows.
Central Bank Response: The RBI may also factor in the Fed’s decision when considering its own interest rate policy. If FIIs withdraw capital, the RBI might need to adjust its stance to support the rupee and maintain financial stability.
11. Sectoral Impact
Different sectors of the Indian economy could experience varying effects based on these developments:
IT Sector: Indian IT companies could benefit from a weaker dollar, as a strong US growth outlook would drive demand for IT services and outsourcing, positively impacting the sector's earnings.
Financials: Rate-sensitive sectors like financials could face short-term pressure due to FII outflows, but DIIs and retail inflows could stabilize them in the medium to long term.
Export-Oriented Sectors: Export-driven sectors such as pharmaceuticals, textiles, and automobiles could see a boost from a stronger rupee and weaker dollar, enhancing their competitiveness globally.
Summary & Conclusion:
A. Short-Term Risk: A Fed rate cut could lead to short-term selling pressure on Indian markets due to FII outflows, as investors chase better returns in the US.
B. Global Risk-On Sentiment: However, if global sentiment improves significantly, emerging markets might benefit indirectly from stronger global growth prospects.
C. Domestic Strength: India’s strong domestic fundamentals should eventually provide support, even if there is an initial dip due to global factors.
D. DIIs can provide significant support to the market and act as a counterbalance to FII selling, especially due to consistent retail inflows via mutual funds and SIPs.
However, the extent to which DIIs can offset FII outflows depends on the magnitude of the FII selling. In a severe selling spree, even strong DII buying might not fully prevent a market downturn, though it could cushion the impact.
E. Retail investors, through mutual funds and SIPs, have become a crucial source of liquidity, helping DIIs stabilize the market, but the balance between FII outflows and DII inflows is key to determining market direction.
Thank you for reading,
Now let's just brush up on technical's :
1. If the index moves up which is only possible above 24900 zone then we have : 25460 to 25560 which is immediate upside levels, above that it might move further upside as per chart around 29K.
2. If breaks down and starts declining then : 24350 to 24400 zone should be a immediate support, if breaks below then 24180,23630,23180 worst case will be
22730.
Let's see how this all works out. Once again Thank you for taking your time to read. If I am wrong any where please do leave a comment to correct me.
PS: The above idea and thoughts are purely educational and do not consist of any financial advise or investment. Please do consult your financial advisor for any investment.
#NIFTY Intraday Support and Resistance Levels - 23/08/2024Flat opening expected in nifty in consolidation zone. Any strong rally only expected if nifty gives break of this 50-60 points consolidation zone. Expected bullish rally upto 25000+ only after breakout and sustain above 24850+ level. Downside possible below 24800 level.
Nifty Prediction for Tomorrow: Levels for 23 August, 2024Nifty Prediction for Tomorrow: Levels for 23 August, 2024
Sideways today! But, all CE buying side targets have been met and a small position of the CE monthly trade is still open with open target.
Trailing Stoploss : 24,687
Resistance: NONE, all CE side targets met
If the price crosses and closes below the Risological Trendline, I will be looking at buying PE side position. Till then, Iam gonna enjoy the CE side profit.
Good luck