NIFTY INTRADAY LEVELS FOR 15/05/2024BUY ABOVE - 22300
SL - 22220
TARGETS - 22350,22420,22470
SELL BELOW - 22180
SL - 22220
TARGETS - 22130,22070,22020
NO TRADE ZONE - 22180 to 22270
Previous Day High - 22270
Previous Day Low - 22070
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.
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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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Niftytrend
Rise to be sold into!The higher the Gap up today, the mor confident I shall be to sell on the first tick. There is one stop NIFTY missed in this pilgrimage downhill: "21800". When she realizes it, she would turn around and rush to make that final downward journey before continuing up to where she belongs.
A gap down opening is when things will become tricky. In this case there might or might not be a retracement to gather longs before falling.
NIFTY Next Week Target Prediction (May 16, 2024)Nifty 15m has conquered the EMA 100 at the end of the hour today.
We were able tp capture both the PE and CE side momentum using Risological Indicators.
Hopefully next week, we will see Bullish days.
On a Daily timeframe, chart looks BEARISH. So, we might also see a BIG gapdown on Monday morning.
Trade safe. have a happy weekend!
Nifty received some support from bottom and the Home Minister. Nifty today received some support from the bottom and some support from the interview of home Minister where he was seen very confident about forming a stable government as well as talking about investments in the share markets and how things will be in case they win (Which he was confident about. Nifty took support near 21821 and broke a negative trend line and gave a closing above it at 22104 as seen in the chart. However formidable resistances at 22177, 22207 and 22317 remain to be conquered. Bulls can breath easy only above this level. Also FIIs might further sell at every bounce. Unless FII and DII both are buying volatility will remain at the forefront. Supports for Nifty at lower levels are at 22020, 21938 and 21769. Below 21769 bears can create further mayhem.
BANK NIFTY INTRADAY LEVELS FOR 14 MAY 2024BUY ABOVE - 47900
SL - 47730
TARGETS - 48050,48220,48460
SELL BELOW - 47730
SL - 47900
TARGETS - 47560,47400,47200
NO TRADE ZONE - 47730 to 47900
Previous Day High - 47900
Previous Day Low - 47000
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 14 MAY 2024BUY ABOVE - 22130
SL - 22070
TARGETS - 22180,22240,22300
SELL BELOW - 22070
SL - 22130
TARGETS - 22020,21960,21900
NO TRADE ZONE - 22070 to 22130
Previous Day High - 22130
Previous Day Low - 21820
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 ready to bounce back?Nifty has been moving very well within the channel range in the daily time frame. 22,000 is an important support level in this channel, and it's holding it very well for now. Today's close shows bulls are back in with a fight. I wouldn't enter into any short trade right now, if you are holding shorts, its a good time to exit
Bears... stay a little longer. Will be interesting to see where we open. A gap up will my ideal scenario where we could short with a tight SL from the word "GO...". A neutral opening, again if we plan to go short, the position size will have to be significantly smaller. In case of Gap down opening, I shall wait for a retracement to sell into. That's the plan.
NIFTY 780+ Points and RunningGUY!
Look what I ve been able to catch!
780+ points on NIFTY and still running.
Closed position partially. 25% still open position, Iam gonna let it run till the price crosses above the Risological Astra dotted line.
The Risological astra shows there is a little more room for a dip before a reversal.
Let's wait and watch.
Furthermore, the election results are round the corner, so expecting crazy moves soon.
I will update with fresh opportunities. Watch this space or follow my profile to catch moves.
Plan for 13th May 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
NIFTY INTRADAY LEVELS FOR 13/05/2024BUY ABOVE - 22070
SL - 22020
TARGETS - 22120,22180,22240
SELL BELOW - 22020
SL - 22070
TARGETS - 21960,21900,21850
NO TRADE ZONE - 22020 to 22070
Previous Day High - 22120
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.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Analysis for Nifty Swing Position
We have a Fresh 3H Demand which is the Source of the Uptrend till the Destination Fresh Weekly Supply.
Further in lower timeframe we will check for a confirmation
We see how the price has been moving making new lows ands new Highs until it reaches the 3H Demand and after reacting to the 3H Demand we see that Price has violated its previous high and now we also have a fresh Demand in 1H chart.
This 1H Demand is the Potential Trade Demand with an Amazing Reward to Risk Ratio.
But the Price where it reaches the Weekly Supply we are looking for a big downward move from this Weekly Supply hence make sure to exit on time.
Can Channel Bottom Support save Nifty?As you can see Nifty is resting very timidly at the bottom of the channel after confirmation of H&S Break down. Most of the indices were thrashed like bowlers are thrashed in IPL matches this season. If Nifty has to recover it has to be done in next couple of sessions that is Friday or Monday. If the current support around 21900 is broken the next supports are only at 21769, 21543 and finally 20991. Below these levels more pain will be there in the system and Bears will become even more powerful. Resistances on the upper side now are at 22096, 22231 (Mother Line Support) (50 EMA), 22311 and 22502. Shadow of the candle is looking negative but bears will try to give a fight for sure if not tomorrow very soon.
NIFTY INTRADAY LEVELS FOR 10/05/2024BUY ABOVE - 22070
SL - 22020
TARGETS - 22120,22180,22240
SELL BELOW - 21960
SL - 22020
TARGETS - 21900,21850,21800
NO TRADE ZONE - 21960 to 22070
Previous Day High - 22300
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.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NiftyCrucial days ahead. Nifty futures, if it breaks 21813.60, we will have some retracement but will be heading to 21060.
Break of 21060, we will definitely go to 20270, again via some retracement.
This is pole-base-flag pattern playing out in a weekly timeframe.
We are not in a bear market, but 10-15% correction may loom before we head back to the bullish trend again.
All this only if we break 21813.60. Be watchful.
Nifty 50 within the Channel. Trend Analysis for short term TradeNifty 50 is currently trading within a Channel. This analysis suggests a short-term or swing trade approach. As the market is currently trending downward, consider using Trend Continuation technic and Fibonacci Retracement for your trading strategy.
Dangerous H&S Pattern forming on Nifty.(Pending confirmation)A Dangerous Head & Shoulders Pattern is forming on Nifty charts.(Pending confirmation) If we get a confirmation candle tomorrow or if the support zones of 22240 to 22186 are broken and if we get a closing below 22186 there will be confirmation for the same. If we get a confirmation of Head and shoulders pattern bears will have potential to drag Nifty further down to 21962, 21769, 21543, 21142 or even 20968 levels in a short to medium term. In that case I will consider it a buying opportunity only. Things will start to become sour only if we get a monthly closing below 20968 levels. On the brighter side today Nifty has taken a support at 50 days EMA. (Mother line). In case bulls are able to take control from here on the levels on the upper side will be at 22488, 22592, 22691 and finally 22800 levels. If Bulls have to fight back it has to be in next 2 or 3 days. Shadow of the candles is neutral right now.
NIFTY INTRADAY LEVELS FOR 09/05/2024BUY ABOVE - 22350
SL - 22300
TARGETS - 22420,22470,22510
SELL BELOW - 22240
SL - 22300
TARGETS - 22200,22160,22100
NO TRADE ZONE - 22240 to 22350
Previous Day High - 22350
Previous Day Low - 22200
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 👍
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