Niftytrend
#NIFTY Intraday Support and Resistance Levels -10/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22670 level and then possible upside rally up to 22790 level in today's session. in case nifty trades below 22620 level then the downside target can go up to the 22500 level.
Profit Booking seen after Nifty makes new high. Nifty in the early morning trade made a high of 22768.4 thereafter there was profit booking seen as expected post most highs. While receding the Nifty has taken support at 22622 and closed the day at 22642.75. These 2 levels will be important levels going forward. In case of further continuation of bull rally if we get a closing above 22769 the New targets or resistance zone for Nifty will be zone between 22769 to 22808. Closing above 22808 will open the doors for 22898 and 23000+ targets. In case the resistance zone between 22769 and 22808 is too tough to cross the support zone will be 22622, 22509, 22422, 22309 and finally 22250. Below 22250 Nifty becomes weak and Bears will try to snatch the control. Shadow of the candle right now is neutral today.
Nifty struggle to go past its recent highThe Nifty is as seen on charts, have an unclear structure, the two demand zones might push the price higher for a new high. If the market continues to struggle here, the price will fall to the next demand zone
#NIFTY Intraday Support and Resistance Levels -09/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22680 level and then possible upside rally up to 22800 level in today's session. in case nifty trades below 22640 level then the downside target can go up to the 22520 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(09/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session.Any Major downside only expected in case banknifty starts trading below 48450 level to 48050 level.
Closing above 22629 has ensured it is a cup and handle BO. Closing above 22629 has ensured it is a cup and handle Break Out for Nifty. Now the only major hurdle remaining between another leg of bull run and consolidation is the resistance at 22701. Once 22701 is crossed next targets for Nifty will be 22803(Major Resistance), 22910, 23047 and 23220. If the breakout fails and Nifty is not able to cross 22701 swiftly the support levels will be at 22619, 22536, 22454 and finally 22219. Bears will awaken from coma only after we get a closing below this level till that time enjoy the bull run. Perhaps some consolidation might also be seen before some further progress in unlikely circumstances. Right now it is a one horse race for bulls and shadow of the candle is positive.
Bull Party On !!Nifty was in no mood to let doubters put her down. Bulls are buying back into the Indian dream. Or are they selling a pipe dream to retail pockets? Now hold your breath and look up to see how much profit is enough profit to take home for these big guys.
Nifty Price ActionThis is not an investment advice or recommendation, It's solely for Educational Purposes. This is the bias for Nifty for now. Market Structure is positive, will be working on the most probable setup. Expecting some retracement before continuation of the up move. Spotted this inverse head and shoulder structure. A high probability for long side trade.
Nifty Analysis At March EndThese the are 3 most probable paths for Nifty to move forward. We are bullish right now, however there's still room left for retracement. We can look out for longs once we confirm that the retracement is complete.
If selling stays strong and market structure shift bearish, then we can continue looking out for short side entries.
Positional Buy AMBUJACEM fut near 632 tgt 655 SL: 624 Rationale: Stock has been taking rest at short term moving averages but MACD and RSI's internal crossover is suggesting some buy.
#NIFTY Intraday Support and Resistance Levels -08/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22550 level and then possible upside rally up to 22670 level in today's session. in case nifty trades below 22500 level then the downside target can go up to the 22380 level.
Nifty can scale further highs if it sustains above previous ATH.Nifty bounced back but pretty well after confirming a near term bottom around 21710. right now facing mid-channel resistance. Daily closing firmly above 50 days EMA is another positive sign. Right now Nifty will face or is facing mid channel resistance which is near Friday's high of 22180. Nifty next week crossing and closing above 22180 will ensure that Nifty has closed not only above mid channel resistance but also trend line resistance which is in the same range. This dual resistance can be little stiff to cross. If it is crossed and held, next resistances will be at 22301, 22449 and finally 22526. In case the hurdle of Mid-channel resistance is not crossed the support levels for Nifty will be at 21877 (50 days EMA), 21710 and finally 21544. Shadow of the candle is neutral with positive bias indicating consolidation in the range or a further up move.
Crucial Stop Next stop will be crucial for Bank Nifty. Momentum has to sustain, if not there will be profit booking at this level.
22800 on cards next week !!Nifty has been in side ways directions since quite some time but now the parallel channel seems to take it to 22800+ next week. Indicators are sweetly placed with bullish crossover and short term moving averages at 22252 could act as stop loss to all longs!!
NiftyNifty Daily Chart Fibonacci taking support from 38%20 Level 22272 it will touch 23240 Buy on dip nifty Stock's...
Jio Financial Daily - Breaking its Resistance zoneJio Financial Services is an Indian financial services company that was originally a subsidiary of Reliance Industries (RIL). It became an independent entity and was listed on the Indian stock exchanges in August 2023.
Only for educational purpose.
NIFTY SPOT LEVELSNifty Spot Levels 21700 -22700 is a Range Bound Market at Daily Candle Closing Basis, So will Wait Until Break in any one side for next Trend
#NIFTY Intraday Support and Resistance Levels -05/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22500 level and then possible downside rally up to 22380 in today's session. in case nifty trades Above 22570 level then the upside target can go up to the 22690 level.
NIFTY LEVELS AND ZONE 05/04/2024 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between zones.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. NSE:NIFTY
Chart says JUST DO IT...Last year after the Ukraine was there was such a panic in the market. People were selling their precious shares at whatever price they could not expecting an adverse event or a fall is an adverse event in itself. In stock market there will be ups and there will be downs...Become a long term investor in Equity. Even the chart today says JUST DO IT as Nifty touches All Time high of 22619.
At this juncture there is a very strong trend line resistance from where there was a drastic fall. The support levels indicated in earlier messages / posts were tested as the Nifty again jumped after taking the support near 22303.
Nifty ended the day again finding itself trapped at 22514.65 which is a strong resistance zone indicated since many days between 22500 and 22530. Once Nifty gives a closing above this zone there will be strong bullish moves across the sectors.
Until then Nifty Supports will be at: 22470, 22417, 22350 and finally 22164.
Nifty Resistances will be at: 22520 to 22530, 22587, 22636, 22690, 22787 and 22830.
In the long run investing in fundamentally strong stocks that are giving a technical is a great idea. So... JUST DO IT .
TECH MAHINDRA SWING TRADE march 4/ 4/2024
swing trade perfect symmetrical triangle long term opportunity take trade according to own risk this is not call just a analysis.
#NIFTY Intraday Support and Resistance Levels -04/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22460 level and then possible upside rally up to 22580 level in today's session. in case nifty trades below 22420 level then the downside target can go up to the 22300 level.
