NIFTY - Possibility of trend exhaustionOn hourly time frame, there is a possibility of an ending diagonal formation. The same when formed can act as a strong confirmation of an ending.
Watch out for today's high to be tested by a marginal increase.
Niftytradesetup
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.
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.
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.
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HAPPY TRADING 👍
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 👍
NIFTY - An interim correction in the finalk moveThe market is facing an interim correction from today's high (as we can infer the pattern completion in Hourly charts (11-3-&7). It will fall to the areas through the supports as mentioned below,
The support will be as follows 23318,23157 & 23,035 (strong)~22960.
Apart from these, the coincidental areas can be found between trendlines & retracement as projected in the chart
23350 not giving up!!22350 is being protected on daily close basis. For how long will this status quo hold is the big question. Perhaps will hold till Expiry and then there could be a directional move. Big time build up in 23400 calls for this week and puts for next week. So Market could stay below the radar tomorrow and fly after that.
NIFTY INTRADAY LEVELS FOR 12 JUNE 2024BUY ABOVE - 23300
SL - 23230
TARGETS - 23410,23500,23600
SELL BELOW - 23230
SL - 23300
TARGETS - 23150,23080,23000
NO TRADE ZONE - 23230 to 23300
Previous Day High - 23410
Previous Day Low - 23230
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 11 JUNE 2024BUY ABOVE - 23300
SL - 23230
TARGETS - 23410,23500,23600
SELL BELOW - 23230
SL - 23300
TARGETS - 23150,23080,23000
NO TRADE ZONE - 23230 to 23300
Previous Day High - 23410
Previous Day Low - 23230
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 10 JUNE 2024BUY ABOVE - 23340
SL - 23270
TARGETS - 23420,23500,23600
SELL BELOW - 23170
SL - 23270
TARGETS - 23080,23000,22900
NO TRADE ZONE - 23170 to 23340
Previous Day High - 23340
Previous Day Low - 22800
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 View Bullish for TomorrowNifty has done a roller-coaster ride in last week and is on the verge of making a life time high. From here we may expect some consolidation and then it may correct which will complete the wave 4 and wave 5 will start afterwards.
Nifty June 2024Nifty made a hammer on the top of weekly chart can expect some profit booking in the short term . However bullish spikes can be there . So be careful
RSI Divergence Also there is a formation Bearish RSI Divergence daily chart. On 15 January index reached a high of 22115 and the RSI value was at 74 today index reached a new high of 23043 but the RSI was at 67 this is a clear formation of RSI divergence.
NIFTY INTRADAY LEVELS FOR 04 JUNE 2024BUY ABOVE - 23340
SL - 23270
TARGETS - 23400,23500,23600
SELL BELOW - 23200
SL - 23270
TARGETS - 23100,23000,22900
NO TRADE ZONE - 23200 to 23340
Previous Day High - 23340
Previous Day Low - 23100
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 👍
View on Nifty and BankNiftyHello Traders,
Checkout the quick update on Nifty and BankNifty. Be very alert
NIFTY INTRADAY LEVELS FOR 31 MAY 2024BUY ABOVE - 22500
SL - 22420
TARGETS - 22550,22600,22650
SELL BELOW - 22420
SL - 22500
TARGETS - 22350,22300,22230
NO TRADE ZONE - 22500 to 22550
Previous Day High - 22700
Previous Day Low - 22420
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 👍
Further correction likelyNifty traded in the daily fair value gap and taking resistance at the mid of the long term upward channel yesterday. There are 2 scenarios that could play out. The unlikely of the 2 is it breaks the resistance trend line and move up towards the top of the channel. The second more likely scenario is that it could test the bottom of the fair value gap OR even come lower to test the order block below that. 22600 or 22500 could be likely in this case.
Safe traders might withdraw their money form the market and wait for election results. This could trigger a deeper retracement.
NIFTY INTRADAY LEVELS FOR 30 MAY 2024BUY ABOVE - 22760
SL - 22700
TARGETS - 22800,22850,22900
SELL BELOW - 22700
SL - 22760
TARGETS - 22640,22590,22550
NO TRADE ZONE - 22700 to 22760
Previous Day High - 22850
Previous Day Low - 22700
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 👍
In a range. Look for break out. Nifty is stuck in a range between 23100 and 22870. Though the higher time frame fair value gaps suggest a bullish price action, the news based uncertainty tells us to trade with caution. Wait for a break out on wither side. In this rage trade only if you are able to read the fine but violent moves.
