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Niftytrend

Double Bottom Kind of structure is forming in Nifty. Double Bottom Kind of structure is forming in Nifty but still it is delicately placed. If the levels of 22037 and 21912 are held which are a support zone and if the resistance zone of 50 and 200 Hours EMA which are at 22072 and 22144 are broken on the upper side we can see strength. Thus the support Zones for Nifty are at: 22037 and 21912. Below 21912 bears will strengthen their grip. The Strong Resistance Zones that Nifty needs to cross for Bulls to start taking control is the zone between 22072 and 22144. Other Resistances if this zone is crossed will be at : 22206, 22301, 22361, 22445 and finally 22525.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 18/03/2024BUY ABOVE - 22060 SL - 22010 TARGETS - 22120,22170,22210 SELL BELOW - 21980 SL - 22010 TARGETS - 21940,21900,21850 NO TRADE ZONE - 21980 to 22060 Previous Day High - 22120 Previous Day Low - 21940 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 👍
NSE:NIFTY
by Jagadheesh_JP
1
All INDEX key levels for March 18, 2024 #Nifty #BankNiftyAll INDEX key levels for March 18, 2024 #Nifty #BankNifty Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the Fall of 500 points in BankNifty Here are the key levels to watch for potential entry and exit points in BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:NIFTY
by Nivesh_Labs
NIFTY - key levels for march 4th weekSo we are analyzing nifty in a Daily time frame. Nifty has broken the trendline support On a daily closing basis with a red big candle. Also, we can see the formation of the head and shoulders pattern. The right shoulder is not yet being formed, but if it gets formed and the pattern gets validated, we can see a further downfall. In an hourly time frame, we can also see the bearish chart pattern i.e. Descending Triangle. Even the RSI indicates divergence which is another indicator, So trade cautiously. Don't make any swing Entries in any of the stocks. I will wait until Nifty closes above 22,200 or 300. I need a bullish closing above those levels. Until then, I won't be making any swing positions. Also, the key important levels are mentioned in the chart. If the support level of 21,900 gets broken. We can see a further downfall. This level has been acting as a key support for almost 50 days. So if this gets broken a downfall can be seen. And it can take us till 21,544. And the strong sell-off can continue. We can see further downfall till 21,150. I would remain bullish above 22200. The chart seems weak, so plan accordingly. Also If buying starts from this level i.e. from the current level, we will wait until it reaches 22,300. Let nifty spend some time near those levels. And if we see further consolidation and breakout near those levels? We can go for some swing positions. So currently it's a break-or-make situation for the nifty.
NSE:NIFTY
by Vallabh69
Weekly outlook on the Nifty 50 Indian Stock MarketDear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
NSEIX:NIFTY1!Long
by mehdi47abbasi79
NIFTY INTRADAY LEVELS FOR 15/03/2024BUY ABOVE - 22170 SL - 22100 TARGETS - 22210,22270,22310 SELL BELOW - 22060 SL - 22100 TARGETS - 21980,21900,21850 NO TRADE ZONE - 22060 to 22170 Previous Day High - 22210 Previous Day Low - 21900 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 👍
NSE:NIFTY
by Jagadheesh_JP
Good Fightback by bulls but need a confirmation candle tomorrow.We saw a good fightback by Bulls today as the Nifty bounced back from just close to 50 days EMA but to ensure that this was the temporary bottom we need a confirmation candle to close the week. The Resistance for Nifty will remain at 22204 and 22311 followed by 22500 range. Supports for Nifty will remain at 21851, 21779 and 21614. Below 21614 again the bears will take over. Shadow of the candle today is very dull but slightly positive however as it is a weekly closing candle due to Friday bears will also try to close the Nifty in their favour. Nifty is again interestingly poised.
NSE:NIFTYLong
by Happy_Candles_Investment
All INDEX key levels for March 15, 2024 #Nifty #BankNiftyAll INDEX key levels for March 15, 2024 #Nifty #BankNifty Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the Fall of 500 points in BankNifty Here are the key levels to watch for potential entry and exit points in BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:BANKNIFTY
by Nivesh_Labs
Nifty Intraday Trade Setup for 14 March , 2024Yesterday, the Nifty 50 index experienced a free fall. The question is whether this downward trend will continue today, especially on expiry day. Every day in the stock market is unique, and to succeed as traders, we must avoid being biased by previous movements. It's crucial to follow the levels. Currently, the Nifty is trading flat, suggesting a higher likelihood of a flat opening today. Intraday Range: 22,050 to 21,900 Long above 22,050 for the target of 22,120/22,150 Short below 21,900, and its target is 21,860/21800
NSE:NIFTY
by CodeViser
NIFTY INTRADAY LEVELS FOR 14/03/2024BUY - 21980 SL - 21900 TARGETS - 22060,22120,22170 SELL - 21900 SL - 21980 TARGETS - 21850,21800,21760 NO TRADE ZONE - 21900 to 21980 Previous Day High - 22440 Previous Day Low - 21900 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 👍
NSE:NIFTY
by Jagadheesh_JP
Probable Support Zone For Nifty approaching. The Zone between 21905 and 21779 can be a support Zone for Nifty as it tried to make a recovery from the area near 50 days EMA which was near 21839. If by chance 21779 is broken the next supports for Nifty will be only in the region of 21614, 21284 or even 20971. Worst case scenario can be 20412 which is a 200 days EMA and the channel bottom. So further steep downside is possible if Nifty does not bounce from today's low that is 21905, 21839 (Mother line 50 day's EMA) or 21779. On the upper side in case of resurgence of Nifty next resistances can be near 22132, 22311 and 22511. It looks like recovery above 22511 will take some consolidation. Even if Nifty resurges which it will in a few days/weeks time Small and Mid cap sectow will go through a long consolidation phase. This phase will give an oppertunity to do some proper bottom fishing in these indices for the long term. In the short to medium term the index that will get the preference will be Large Cap index.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Prediction for tomorrow 11 Mar (Monday)Hello traders, As we discussed in our last analysis, the market took resistance from the Resistance zone, and the result was sideways. If we look at the chart data now: The market is taking resistance at the resistance trendline (Why this resistance looks like my last bank nifty analysis). The market is taking support at 22430. the market has touched this trendline multiple times, which makes it easier to break to the upside. If we look at the OI data: PCR = 1.11 shows a bullish market structure. If we look at the CE and PE activity, there is a huge amount of CE and PE writing on both sides. That indicates the market is going to be sideways. 22500 is Max-Pain. FII and DII data do not show much of the information except that the market might open a small gap-down. I am expecting the market to get consolidated. Case 1: Market is sideways in orange region. Case 2: Market breaks to upside till 22650. (Fib 1.414) Reasons: Price > EMA indicates the bullish nature of the market. but price >> ema(200) shows market need some reversion. Price taking resistance at resistance trendline. (Sideways) RSI is 40-60, showing a sideways market structure. If it breaks 60 to the upside. The market can give targets till 22650, which is also the Fib 1.414 level. PCR = 1.11 (1.34 to 1.11) shows Bears are actively adding positions, which might force the market to be sideways. (Sideways) Verdict: Sideways or Bullish Plan of action: Case 1: Short straddle 22500 (Hedge with 20 premium) Case 2: Sell 22500 PE (Hedge with 20 premium PE)
NSE:NIFTY
by finnova_
4