#NIFTY Intraday Support and Resistance Levels - 21/08/2024🔔 Nifty Update for Today:
📈 Gap-Up Opening Expected:
Expected Opening Level: Near 24700
Key Level: 24700
Potential Upside Target: 24850
Nifty is expected to open with a gap up near the 24700 level today. If the index sustains above this level after opening, we could witness a strong upside rally, potentially reaching up to 24850 during the session.
📉 Watch for Downside Risks:
Critical Reversal Level: 24650
Support Level: 24500
However, if Nifty starts trading below 24650, downside movement may occur. The 24500 level will serve as an important support in today’s session.
Premarketlevels
SNOW: The sun looks to melt this awaySnowflake
Short Term - We look to Sell at 193.62 (stop at 220.84)
This stock surged after earnings report on premarket. We are trading at overbought extremes. A lower correction is expected. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward.
Our profit targets will be 132.14 and 120.00
Resistance: 194.00 / 240.00 / 320
Support: 130.00 / 110.00 / 80.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
INTU: Not so 'into' this stockIntuit
Short Term - We look to Sell at 478.00 (stop at 501.49)
This stock reported earning in line with expectations and reported a share buyback which led to a jump in shares premarket. We look to fade this brief rally.480.00 continues to hold back the bulls. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Further downside is expected although we prefer to sell into rallies close to the 480.00 level.
Our profit targets will be 421.00 and 400.00
Resistance: 480.00 / 580.00 / 660.00
Support: 420.00 / 340.00 / 280.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
SPY 2022.06.21 gap up opening premarket analysis50DMA down
20DMA down
5DMA down
Price is set to open gapped up and ready to test the 5DMA + Fed VWAP + COVID low VWAP. Will price break through and use these levels as support? If it does the next target up is the VWAP off the most recent daily leg up, and a possible gap fill from the Fed decision day to the next trading day. If not, then those lines may become resistance. We'll see! No swing trade safe set ups. Intraday trade targets presented in the video.
BANK NIFTY PRE MARKET ANALYSISSEEING TOWARDS THE GLOBAL INDICES WE ARE GOING TO OPEN FLAT AND IF BANKNIFTY IS UNABLE TO CROSS THE SUPPORT WHICH IS NOW ACTING AS A RESISTANCE AND THIS MAY FALL TILL TARGETS (T1/T2/T3)
TODAY'S RELIANCE AMG WILL AFFECT THE MARKET SO BE CAREFUL IT MAY FALL MORE OR IT MAY UP MORE SO TRADE CAUTIOUSLY
IF IT CROSSES THE RESISTANCE THEN WAIT FOR PERFECT PRICE ACTION DON'T JUMP DIRECTLY INTO TRADES.
BEST STRIKE PRICE TO BUY FOR OPTIONS ARE-34500 PE,34600 PE.
MONTHLY EXPIRY FOR JUNE
:-) HOPE IT GIVES GREAT TRADES
Premarket High Low and ATR NOTE! - This is a new idikator and its not tested - feel free to comment if you notice any issues.
NOTE! - Default values are set for FDAX - DAX futures
NOTE! - Text and arrows are to explain how it works - I dont know how to lable the lines in pine script :( wish i could lable , pmkt-H, pmkt-L, ATR-H, ATR-L to the right of the lines drawn.
Indicator marks premarket high/low and full dayli ATR, based on premarket values on chart
---- Premarket low drawn on chart
---- Premarket high drawn on chart
---- From premarket low plus dayli ATR is drawn on chart
---- From premarket high minus dayli ATR is drawn on chart
---- On left top of screen the daily ATR is displayed at the point your marker is placed on the chart
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