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NIFTY 50 Analysis For Feb 15th!Hii, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 15th, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And One Resistance Became Support Zone. The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The Nifty 50. From The Imbalance Zones Expecting A Pullback And After That The Market Shoots UP! Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
NIFTY--Bearish View(21300)??NIFTY INDEX is at crucial zone to move further upside or downside... Price is trading in a channel... price broken the trendline grab the liquidity at 21600 levels. on topside price again created a one more trendline, as of now this is the resistance which lies at 21930-21950 zones. If this trendline acts as resistance, more chances of fall below key level. so if price comes to this levels wait for bearish turn... If there is no bearishness price will continue towards strong resistance at ATH, by facing intermediate resistances at 22050. After the liquidity grab On topside above trendline as well we have chance of fall back...so wait until price to break the key level. check the bullish case-- we have Rally Base Rally.
NSE:NIFTYShort
by IIT-Trader
22
NIFTY INTRADAY LEVELS FOR 15/02/2024BUY ABOVE - 21860 SL - 21810 TARGETS - 21910,21970,21010 SELL BELOW - 21770 SL - 21810 TARGETS - 21710,21640,21580 NO TRADE ZONE - 21770 to 21860 Previous Day High - 21770 Previous Day Low - 21580 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
Once again decent recovery effort by Nifty but stopped by 50 EMANifty made a decent recovery effort on the back of short covering in some of the oversold Nifty stocks but again 50 Hours EMA Mother line proved to be too powerful resistance and stopped the dash of Nifty which was aiming to go further. Also there is a trend line created resistance which might hinder the growth of Nifty Further. It looks like Nifty might squeeze further in the triangle created between the two trend lines. Till we get a closing above 21857 I do not think we are in a safe zone. Only after we get a closing above 21857 bulls can think of making a come back. Nifty Supports: 21663, 21620, 21549 and 21459. Below 21459 levels of 21351 and 21285 are the only supports for Nifty before bears take full control. Nifty Resistances: 21749, 21796, 21836 and 21857. Above 21857 21922 and 21970 can be the resistances before Nifty can gain 22K levels again.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 14/02/2024BUY ABOVE - 21770 SL - 21710 TARGETS - 21810,21860,21910 SELL BELOW - 21710 SL - 21770 TARGETS - 21640,21580,21530 NO TRADE ZONE - 21710 to 21770 Previous Day High - 21770 Previous Day Low - 21580 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
NIFTY--Drop Base Drop??Nifty showing strong bullishness from Golden Zone... price is now at breakout level, if price breaks above then liquidity on topside will done at 21880 and 21950 levels. If price unable to breaks the upside...a Drop base drop is going to observe from this levels. On bottom side we are left with bullish gap 21400 levels... if price unable to break above price clears the bullish gap left below... buy setup and sell setup are given in the previous post, please go through it. If price tests the demand zones at 21300-21400 levels look for buy side.
NSE:NIFTY
by IIT-Trader
2
NIFTY--@Traingle Breakout??NIFTY Index is now at golden zone of fibonacci we are still left with some more points on the bottom side at 21500-21520 levels... previously a strong bullishness is observed as well from this zone... price is also trading narrow in a trendline most chances of breakout from this levels... wait for the price to break the trendline and retest for longer side... otherwise a continuation may happens... on bottom side we have strong support lies at 21300 levels... keep mark this zone as well,if it will continue downside will look for buy at 21300 levels... price clears the liquidity at 21600 levels.... ---------------------------------
NSE:NIFTYLong
by IIT-Trader
24
NIFTY INTRADAY LEVELS FOR 13/02/2024BUY ABOVE - 21670 SL - 21620 TARGETS - 21730,21770,21810 SELL BELOW - 21580 SL - 21620 TARGETS - 21530,21470,21400 NO TRADE ZONE - 21580 to 21670 Previous Day High - 21810 Previous Day Low - 21580 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
NIFTY--Bullish View (22.5K) ??Bullish Scenario:: ----->> if price breaks the trendline on topside.. price will reach ATH, and facing resistance at ATH.. before going to reach ATH ,on topside we have intermediate resistances at 22050 level.. ---->>if price opens upside above 21950...we have consolidation chance between the trendline and 22050. If price consolidation for the entire day, and price closes at ATH. Then we have chance of Gap down(If Bearish view)..continue moving downside and will test 21300 level of demand zones. or Continuation may happens to upside...Keylevel to watch--21800. if trendline acts as support...Wait for the trendline retest, Price again tries to test the trendline and moves upside for targets of 22450,22600 levels,
NSE:NIFTYLong
by IIT-Trader
21
NIFTY--Consolidation or Bearish??look for bearish from 22050 and trendline... Keep in long side as long as price is above the 21950 levels... if you want to go short wait for the price to facing the resistance from 21875 key zone If price takes the support at trendline or 21950 go bullish by keeping the SL at Key zone. we have a chance of consolidation between the zones 22050 and 21950 and manipulation to ATH, and then Distribution to downside. Keep safe here...price is now at turning point... Have a look at the Bullish Continuation and Bearish view for complete analysis.
NSE:NIFTY
by IIT-Trader
2
NIFTY INTRADAY LEVELS FOR 12/02/2024BUY ABOVE - 21810 SL - 21770 TARGETS - 21860,21910,21970 SELL BELOW - 21730 SL - 21770 TARGETS - 21670,21580,21530 NO TRADE ZONE - 21730 to 21810 Previous Day High - 21810 Previous Day Low - 21670 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
Nifty Short , Medium & Long Term View-12-Feb-24 to 16-Feb-24Nifty Short , Medium & Long Term View-12-Feb-24 to 16-Feb-24 Nifty closed at 21782.5 ( Prev Close 21853 ) and touched low & high of 21629 & 22053 RSI and stochastics levels reduced this week( 54.5% & 65% Respectively). Market is in indecisive state, could not take any direction as it could not surpass the previous all time high 22117 decisively. Earlier 30% profit booking was suggested (except Bank & IT stocks). Mid & Small cap Index fell buy 2.5-3% on 09-Feb-24. Partial Booking can be considered for further 5-10% in Mid & Small Cap (Stocks/ Mutual Funds) wherever valuation are high. There is no worry on Good Valued Stocks which can be kept for Long Term. Interim budget announced was a status quo budget, no relief for income tax payers, no change in corporate tax, as expected Capex for infra (Railways & Road) increased. Infra Stocks, undervalued bluechip stocks can be considered based on the valuation. Nifty IT 37699 (Last week 37323 ) -To continue hold. Nifty IT touched new high of 38368 in this week and then came below to 37699. Major support at 34918 /34000. Nifty bank 45634 (Prev Close 45970) -To continue hold. Nifty Bank touched 44908 and then moved and settled 45634 Low last week. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Profit booking upto 30% was suggested in the last 1.5 months, Cash is useful to pick the right stocks currently to pick the right stock. Purchased Nifty Bank at Jan 1st & 2nd week when it was low using that cash. Refer to detailed comments in the bottom. Nifty 21782- Short Term ( Neutral - Bearish Continued)- All time high 22136 will be a key resistance. Market could not surpass it decisively. Hence bearish sideways movement expected for some more weeks. Resistances are at 22000, 22117, 22136 ( All time high),22150 Support - 21430 (Fib Support & MA 50 Support), 20877 Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term (Neutral)- Can buy at 20800 -21000 level in case of dip. Target Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22500 to 18800 expected till mid of 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments (11-Feb-24) : Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Last two weeks IT was little down but comparatively lesser than Nifty Index and nifty Bank. Nifty IT touched new high on 08-Feb-24. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
Nifty Takes support at Mid-Channel support. (Nifty Next Week).In the trade on Friday Nifty took support at the Mid-Channel support which was also a trend line support which was near 21629. The 200 hours EMA support was also nearby at 21610. So Nifty made a turn around from this support zone. The Nifty stopped and closed the week just below the 50 hours EMA resistance which is at 21795. This will be the immediate resistance for Nifty as it opens on Monday. The other important resistances for Nifty to conquer in the next week will be at 21849, 21922, 21970 and 22013. If 22013 is conquered the next resistances will be near 22062 and 22126. Support zone for Nifty will be between 21648 to 21610. If we get a closing below 21610 Nifty will be in trouble as bears will wake up near that level. In such a scenario the next support will be either at 21459 or 21285 only.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 09/02/2024BUY ABOVE - 21810 SL - 21760 TARGETS - 21860,21910,21970 SELL BELOW - 21670 SL - 21730 TARGETS - 21580,21530,21470 NO TRADE ZONE - 21670 to 21810 Previous Day High - 22010 Previous Day Low - 21670 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