17 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if Banknifty sustains Above 44200 and takes Support from 44200 then open target for T1-44300, T2-44400,T3-44600
If the Banknifty gap up opening sustains Below 44200 and takes resistance below 44200 then the open Targets for T1-44000, T2-43900,T3-43800
Major Levels 44200,44000,44400
If the market stands in this area of 44400 to 44200, then it is possible that even today the market will remain in the range.
Niftytradesetup
NIFTY Analysis/Prediction for Monday 16-10-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens between 19720-19780
🟢 Buy CE Above 19810
✔️ Target Should be 19860, 19990
🔴 Buy PE Only below 19690
✔️ Target Should be 19640, 19540
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
NIFTY INTRADAY LEVELS FOR 16/10/2023BUY ABOVE - 19800
SL - 19770
TARGETS - 19840,19900,19960
SELL BELOW - 19720
SL - 19750
TARGETS - 19680,19640,19540
NO TRADE ZONE - 19720 to 19800
Previous Day High - 19800
Previous Day Low - 19640
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 👍
16 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a Flat
After A Flat opening if Banknifty sustains Above 44200 and takes Support from 44200 then open target for T1-44300, T2-44400,T3-44600
If the Banknifty Flat opening sustains Below 44200 and takes resistance below 44200 then the open Targets for T1-44000, T2-43900,T3-43800
Major Levels 44200,44000,44400
If the market stands in this area of 44000 to 44200, then it is possible that even today the market will remain in the range.
NIFTY--BearishGap @19900 ??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
NIFTY 50: Weekly Outlook: October Week 3, 2023Weekly Review
Nifty 50 gained 0.5% in the last week, hence closing at 19,751. The index has been very reactive to the past few macro events like Middle East warzone situations, Positive cues on Retail Inflation at 5.03% and poor guidance from IT companies on the growth front. Although on the technical front, levels have been in accordance with our view for the last two weeks gap opening and closing will cause a significant issue when we look back on these levels in future months.
Week Ahead:
On Daily charts key support for the week to come stands at 19,600 (make or break) for the rally to stay intact. The upcoming week will see a revision of resistance levels at 19,796-19,884 is a crucial tradezone, a break above this will see Nifty rally to 20,000 levels once again. In case a breakdown below 19,600 happens then 19,481,19,376 and 19,326-19230 will hold the fort.
Caution: Be cautious of sectors and stocks you trade as the market and scripts will be very reactive to Q2 FY24 earnings as much has not been factored in the market.
*Disclaimer*: I am not a SEBI registered analyst and hence the above market outlook is for educational study and research purposes only. In no way do I endorse this opinion to take a trade or for any investments in markets in any form by any Participant. Be a responsible investor with proper risk management and keep learning as a true focus.
Figure 1: Nifty 50 Weekly Forecast chart
NIFTY INTRADAY LEVELS FOR 13/10/2023BUY ABOVE - 19840
SL - 19800
TARGETS - 19900,19960,20040
SELL BELOW - 19760
SL - 19800
TARGETS - 19720,19680,19640
NO TRADE ZONE - 19780 to 19840
Previous Day High - 19840
Previous Day Low - 19780
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 👍
What after nifty breakout now?As per out last analysis nifty has breakout that falling wedge pattern. yesterday as it was expiry it was range bound in the range 19780-19830. today's momentum will decide which side nifty is going to move. so we have to keep our bias neutral.
Reason :
Sideways range bound moment whole day yesterday. (Neutral)
nifty has given the breakout of falling wedge. ( Bullish)
Option chain PCR = 1.01 (Bullish but its initial 1st day of week)
RSI < 50 downtrend (Bearish)
Price < EMA(13) (Bearis)
Verdict
As Biases are both side Its Neutral
Plan of Action:
wait for 15 min candle and then make positions as marked on the chart.
NIFTY--Consolidation + Down= Rise from Trendline??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
12 OCT 2023 NIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if nifty sustains Above 19800 and takes Support from 19800 then open target for T1-19840, T2-19860,T3-19900
If the nifty gap up opening sustains Below 19800 and takes resistance below 19800 then the open Targets for T1-19760, T2-19700,T3-19680
Major Levels 19800,19840,19760
If the market stands in this area of 19840 to 19780, then it is possible that even today the market will remain in the range.
NIFTY--Bullish Gap or Bearish Gap??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
NIFTY INTRADAY LEVELS FOR 11/10/2023BUY ABOVE - 19720
SL - 19680
TARGETS - 19770,19830,19900
SELL BELOW - 19680
SL - 19720
TARGETS - 19640,19580,19540
NO TRADE ZONE - 19680 to 19720
Previous Day High - 19720
Previous Day Low - 19580
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 👍
11 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A Gap-Down opening if Banknifty sustains Above 44500 and takes Support from 44500 then open target for T1-44700, T2-44900,T3-45000
If the Banknifty Gap-Down opening sustains Below 44100 and takes resistance below 44100 then the open Targets for T1-43900, T2-43800,T3-43600
Major Levels 44500,44100,44000
If the market stands in this area of 44200 to 44500, then it is possible that even today the market will remain in the range.
NIFTY--Broken Trendline??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
NIFTY Analysis/Prediction for tomorrow 11-10-2023NSE:NIFTY Analysis/Prediction for tomorrow
If price opens between 19650 -19700
🟢 Buy CE Above 19760, 19820
✔️ Target Should be 19850
🔴 Buy PE below 19630
✔️ Target Should be 19540
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
NIFTY INTRADAY LEVELS FOR 10/10/2023BUY ABOVE - 19590
SL - 19550
TARGETS - 19640,19680,19730
SELL BELOW - 19500
SL - 19540
TARGETS - 19450,19420,19380
NO TRADE ZONE - 19500 to 19590
Previous Day High - 19590
Previous Day Low - 19480
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 👍
10 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 44100 and taking Support from 44100 then open target for T1-44200,T2-44300,T3-44500
If the Banknifty Gap-Down opening sustain Below 43800 and taking resistance below 43800 then the open Targets for T1-43600,T2-43500,T3-43400
Major Levels 43800,43500,44100
If the market stande in this area of 44300 to 44100, then it is possible that even today the market will remain in the range.
NIFTY--19400 or 19700 I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
NIFTY INTRADAY LEVELS FOR 09/10/2023BUY ABOVE - 19680
SL - 19640
TARGETS - 19730,19770,19850
SELL BELOW - 19640
SL - 19680
TARGETS - 19590,19530,19490
NO TRADE ZONE - 19640 to 19680
Previous Day High - 19580
Previous Day Low - 19590
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 👍
Will NIFTY Bullish momentum continue?As we discussed in our last analysis that it returned back to channel it will be bullish and it gave 2 days back to back bullish momentum. But now we can see its on confusing if it's a breakout or still in the pattern. once its out of the pattern it will be going bullish. by looking at the chart market seems to be sideways for tomorrow.
Reasons:
Inverted HNS target is 19800 that has not achived yet. if it opens high it will have a resistance at 19800.
19800 is also price action resistance.
Downside 200 EMA and Price action level will be providing the support.
RSI is in bullish zone (> 60) but having bearish divergence.
Trendlines are confusing its not a clear breakout for falling wedge pattern.
it's having 2 cases: case-1 and case-2. that is marked on the chart.
Verdict:
observe 15 min market and follow case-1 or case-2
Plan of action :
SELL 19500 PE + SELL 19750 CE once bullish momentum gets confirm exit 19750 CE.
NIFTY INTRADAY LEVELS FOR 06/10/2023" SYMMETRICAL TRIANGLE PATTERN "
BUY ABOVE - 19460
SL - 19430
TARGETS - 19500,19560,19600
SELL BELOW - 19430
SL - 19460
TARGETS - 19380,19330,19260
NO TRADE ZONE - 19530 to 19570
Previous Day High - 19570
Previous Day Low - 19490
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 👍
Head & Shoulder pattern breakout in NIFTYNIFTY 50 INDEX
Key highlights: 💡⚡
✅On 15 Minutes Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 19815+.
✅Can Go Long in this stock by placing a stop loss below 19500-.