Global Uncertainty - Bear's actions @ #NiftyChannel has been broken & early shift in short term trend indicates #Nifty50 may travel further lower! Immediate #support @ 25575 / 25300 #Bulls need to wait & look for any reversal sign before building positions! by StockGrove4
NIFTY S/R for 3/9/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh1
Analyzing the Potential for a Nifty DeclineAnalyzing the Potential for a Nifty Decline Disclaimer: While I can provide information and analysis based on the data available, I cannot offer specific financial advice. It's essential to consult with a qualified financial advisor before making any investment decisions. Understanding the Indicators The claim that Nifty could fall to 15,000 in the coming 12 months is based on two primary indicators: Buffett Indicator: This is a valuation metric that compares the total market capitalization of stocks to the Gross Domestic Product (GDP). A high value suggests the market might be overvalued. US Yield Curve: This is the difference between the yield on long-term and short-term government bonds. An inverted yield curve (where short-term yields are higher than long-term yields) is often seen as a precursor to economic recessions. Potential Implications If these indicators are accurate and their implications materialize, here are some potential consequences for Nifty: Market Correction or Crash: A significant decline in the market could occur, leading to losses for investors. Economic Slowdown: A recession in the US or other major economies could impact India's growth, leading to lower corporate earnings and, consequently, a decline in stock prices. Increased Volatility: Market uncertainty can lead to increased volatility, making it difficult to predict price movements. Factors to Consider While the indicators mentioned are concerning, it's important to consider other factors that could influence the market: Global Economic Conditions: Factors like geopolitical tensions, trade wars, and central bank policies can significantly impact global markets. Domestic Economic Factors: India's domestic economic growth, inflation, and monetary policy also play a crucial role in driving stock market performance. Corporate Earnings: Strong corporate earnings can support the market even in challenging economic times. Investor Sentiment: The overall sentiment among investors can influence market trends. Conclusion The potential for a significant decline in Nifty cannot be ruled out based on the current indicators. However, it's essential to approach such predictions with caution and consider the broader economic and market context. Investors should stay informed about developments in both domestic and global markets and make informed decisions based on their risk tolerance and financial goals.Shortby UmeshChandra5558
#NIFTY Intraday Support and Resistance Levels - 01/10/2024NIFTY will open gap up in today's session. Expected opening near 26000 level. Possible reversal downside from this level upto 25850. In case, Nifty gives breakdown and starts trading below 25800 level then possible strong downside in today's session. Now upside rally only expected if nifty starts trading and sustain above 26050 level.by TradZoo4
So the correction is being done. What's next for Nifty?Good morning everyone! 1st October 2024, Tuesday The long-awaited correction has arrived, but the "buy on the dip" isn't clearly visible yet. So, what should one do? Here's an analogy: whether it's traffic or trading, you shouldn't be the first person to cross when the light turns green. Let one or two others go first, then proceed. Similarly, wait for confirmation in trading. Allow one or two strong green candles to form before going long on the index. Remember to: - Set your Stop Loss (SL) in the system. - Do NOT chase any breakouts today. - Do not initiate short positions either. Wait for the first hour's candle to decide whether to go long or short based on that candle. NSE:NIFTY minor support is now at 25794. If we close below this, even on a 1-hour candle, we might see a further slide to 25566. However, since the overall trend remains bullish, focus on the resistance at 25877. An hourly close above this could trigger sharp short covering up to 26150. NSE:BANKNIFTY has support placed at 52800-52777. It might face resistance at 53360. A break above this could lead to sharp short covering towards 53800. NSE:CNXFINANCE support is now at 24333, with minor resistance at 24584. Exceeding this could lead to short covering up to 24873. Sectors to watch today: - NSE:NIFTY_OIL_AND_GAS - NSE:CNXPHARMA - NSE:CNXMETAL That's all for today. Wishing you a profitable day ahead! 🔴 Disclaimer - Not a Buy/Sell Recommendation. Longby Trendxinc1
All around correction on the expected lines. After reaching a new pinnacle Nifty took a dip searching for substantial support. The Nifty which was overbought was looking for some consolidation. FIIs were mainly on the selling side. Sharp declines can correct RSI a lot like we witnessed today. The supports for Nifty now remain at 25794 (Important support level) which can allow Nifty to make a come back right from tomorrow. If not the next support levels will be at 25705, 25595. Below 25595 nifty becomes very weak and has only 200 EMA or father line as support which is at 25381. Bears take over the market below these levels. Resistances on the upper side for Nifty are at 25900 (Mother line resistance of 50 Hours EMA). Above that the next resistance will be 25991 and 26077. Above 26077 Bulls can come back to rescue above this level and take Nifty further to 26150 and above. by Happy_Candles_Investment1
NIFTY : Trading Levels and Plan for 01-Oct-2024Trading Plan for October 1, 2024 (Based on Different Opening Scenarios): 1. Gap Up Opening (100+ Points) If Nifty opens with a gap-up above **26,036**, expect the market to face resistance at the **26,174** Pending Sellers Zone. Here's the plan for a gap-up: If Nifty holds above **26,036**, enter a long position with a target of **26,174**. Stop Loss: **26,000** (Hourly close). Book profits near **26,174** as sellers are likely to become active in this zone. If Nifty fails to hold above **26,036** and rejects this level, consider shorting with a target back to **25,820**. 2. Flat Opening (Within a 50-100 Point Range) For a flat opening near **25,822**, expect sideways price action until the key levels are breached. Watch **25,820** closely for intraday support: If Nifty sustains above **25,820**, take a long position. Target: **26,036**. Stop Loss: **25,759** (Hourly close). If Nifty breaks below **25,820**, it is advisable to wait for price action near the **25,759** support before entering any trades. 3. Gap Down Opening (100+ Points) In case of a significant gap down of 100+ points, with prices opening near **25,759**: If support holds around **25,759**, initiate long positions with a target of **25,820**. Stop Loss: **25,694**. If **25,759** breaks, the next support lies at **25,694**. Consider shorting below this level. A breakdown below **25,694** could trigger an extended move towards **25,500** or even lower. **Risk Management Tips for Options Trading:** Always ensure your options trades are entered around major support/resistance levels to maximize risk-reward. Use strict stop losses when buying options to avoid time decay. For intraday options trading, avoid holding positions if the index is trading in a tight range. Monitor the volatility index (VIX) to gauge potential price movements. **Summary & Conclusion:** Nifty's trading on October 1, 2024, will hinge on its reaction to the key levels of **26,036** on the upside and **25,759** on the downside. Traders should focus on these zones for clear directional moves. While the market offers opportunities in both long and short positions, risk management is crucial, particularly in options trading. Disclaimer: I am not a SEBI-registered analyst. The views shared are based on personal analysis and are for educational purposes only. Consult your financial advisor before making any trading decisions.by LiveTradingBox16
NIFTY S/R for 1/10/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh4
Bears strikes #Nifty From potential bearish zone to 25825 📉 Channel has broken & trading below it! Below 25780 we could expect further downsideby StockGrove2
NIFTY INTRADAY LEVELS FOR 30/09/2024BUY ABOVE - 26250 SL - 26150 TARGETS - 26350,26460,26560 SELL BELOW - 26150 SL - 26250 TARGETS - 26050,25980,25920 NO TRADE ZONE - 26150 to 26250 Previous Day High - 26250 Previous Day Low - 26150 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 👍by Jagadheesh_JPUpdated 30
Nifty50 Support Resistance for 30.09.2024Hi all, here are support and resistance level on Nifty50 index for 30.09.2024 session. Kindly do trade with strict risk and money management. Thanks & Regardsby thetradeterminal1
#NIFTY Intraday Support and Resistance Levels - 30/09/2024Gap up opening expected in nifty near 26280 level. After Opening if nifty started trading above 26300 level then possible strong upside rally of 150-200+ points. Downside possible below 26250 level. 26050 will act as a strong and important support for today's session. Major downside only expected below this level. by TradZoo5
Nifty Short, Medium & Long Term : 30-Sep-24 to 04-Oct-24Nifty Short, Medium & Long Term : 30-Sep-24 to 04-Oct-24 Nifty closed at 26179 (last week 25790 ) and touched low & high of 25839-26285 ( all time high) Market touched new high last week , and broke the key resistance of 26000 provided last week decisively and also crossed another Mid Term Resistance 26260 settled down at 26179( As shown in chart, The level is the difference between the Aug High and Aug Low from Aug High)- If it crosses 26260 again decisively, Medium Term is UP. if it moves above decisively next target is 27000 in short term. Nifty Bank 53834, touched the target of 54000 as proposed 2 months before ( 54400 all time high last week) and support at 49900. Fed Rate Cut by 0.5% made the global market up and triggered increase in Indian Market. FPI invested 4 Billion $ in Sep till date. RSI and stochastics levels moved up last week (76% and 93.59% respectively). MACD crossed the Signal and maintain uo. RSI and MACD shows market will go up further. Caution to be emphasized as Stochastics at overbought level. Q2 results awaited which will pave way for more clearer path in market. Nifty 26179 Short term ( Short Term : Up) Nifty short term resistance 26266 as shown in chart. Support at 25800, 25217, 25000 Medium Term next target is 27000 if move up decisively above 26266. Medium term Support 24650 (Trend line support and Fib Resistance), 24480 (Fib Support) and 24000. Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800 US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year. US President Election result scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. RBI in India expected to reduce rate from end of this year. Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank. Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 42312 (last week 42204) indices dipped to 37848 in Jun month, bounced back and reached all time high last week(43632). Later Dipped to 41660 due to profit booking and again started moving up. Recovery of US stock market & awaiting FED rate cut expectation decision pushed the US stocks up and followed by Nifty IT Index last week. NIfty IT is less than SMA 21 level, need clear direction and Q2 results will pave way for the clear direction.by karthikss0
NIFTY : Key Trading levels and Plan for 30-Sep-2024On the previous trading day (29-Sep-2024), Nifty traded within a tight range as seen on the 15-minute chart. A consolidation phase was observed, with significant zones like the No Trade Zone and the Buyer’s Support area highlighted. The price moved indecisively, creating potential trading opportunities for the next day as we watch for potential breakouts or breakdowns from key levels. Let's build our plan based on different opening scenarios for 30-Sep-2024. Trading Plan for 30-Sep-2024 Gap Up Opening (100+ points) If Nifty opens with a significant gap-up beyond the 26,345-26,385 resistance zone, the market is likely to enter the Profit Booking Zone. In this scenario, one should wait for the price action to stabilize in the first 15–30 minutes. If the price sustains above 26,385, it could lead to further bullish momentum. However, if there’s a rejection from this zone, watch for a reversal trade towards the lower levels of 26,250. Key Action Points: - Look for bullish continuation above 26,385. - Reversal trades can be considered near 26,345 if price fails to sustain. Flat Opening (Within 50 points) A flat opening near the current market price (26,175-26,214) places us in a No Trade Zone. It is critical to avoid trades until the price breaks out of this zone decisively. If the price breaks above 26,250 and holds, a long entry can be considered with a target of 26,345. On the other hand, if there is a breakdown below 26,122, look for shorting opportunities with targets near 26,025. Key Action Points: - Long trades above 26,250. - Short trades below 26,122. Gap Down Opening (100+ points) In the event of a gap-down opening near the Buyer’s Support at 26,025, it’s crucial to watch how the price reacts in this zone. A strong bounce from 26,025 suggests a buying opportunity with targets near 26,122 and 26,214. However, if the price breaks down below 26,025, aggressive selling may lead to further downside. In such a scenario, look for short opportunities with a target of 25,950. Key Action Points: - Buy above 26,025 if support holds. - Short below 26,025 for further downside. **Risk Management Tips for Options Trading** - Always hedge your options positions to minimize the impact of sudden moves. - Avoid holding options through major support/resistance zones without clear confirmation from price action. - Focus on the first 30 minutes for possible invalidation of the opening trend before deciding on directional options strategies. - For intraday options, ensure you trade within a manageable risk level, limiting exposure to 2% of your capital. Summary and Conclusion For 30-Sep-2024, the key zones to watch are the No Trade Zone around 26,214-26,250 and the Buyer’s Support near 26,025. Gap openings will play a crucial role in determining the trend direction. It's advised to avoid trades in the No Trade Zone and focus on confirmed breakouts or breakdowns. Additionally, ensure proper risk management by adjusting position sizes according to your comfort level in volatile conditions. Disclaimer: I am not a SEBI-registered analyst. All the strategies shared here are for educational purposes only. Please conduct your research or consult with a financial advisor before making any trading decisions.Shortby LiveTradingBox10
NIFTY50 October 1st week analysisNifty 50 looks indecisive and it can remain in small range in the upcoming week. Im expecting highs of 26420 and then profit booking upto 26100. we need to watch if nifty starts retracement from Monday onwards then we can see short covering at levels of 26000-26100 and if it goes to 26400 straightaway then we can expect profit booking upto 26100.by IshanMathur050
NIFTY S/R for 30/9/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh112
#Nifty50 outlook for upcoming week 30-4th Oct 2024#Nifty50 surged to a new all-time high of 26178, closing the week up nearly 400 points. The index oscillated between 26400 and 25200, as predicted. For the upcoming week, I anticipate a trading range of 26750 to 25800 . A breakout beyond these levels could trigger significant price movements. Fibonacci support lies at 25800; if breached, 25600 becomes a critical level to watch. A puzzling question remains: Why are many stocks in investor portfolios underperforming despite the Nifty's record highs? Typically, stocks require catalysts or news to rally, which are currently scarce. If the Nifty reaches 27000, large-cap stocks could outperform mid-cap and small-cap equities. Niftybees or ETFs might also be attractive options to capitalize on the Nifty's upward momentum. The S&P 500 also hit a new weekly high at 5738 and appears poised for further gains. Surpassing the 5767 high could propel the S&P 500 to 5821, 5899, or even the significant level of 6013. This positive momentum in the U.S. market could also benefit the Indian market.Longby ssudhirsharma116
Potential Bearish zone for #Nifty.?- Price trading within channel - Early rejection from upper area - RSI Divergence (Over bought) 📌 It's likely to watch how #Nifty50 will react near 25970Shortby StockGrove8
NIFTY STATIONS | WHERE IT CAN STOP or KEEP CONTINUE RUNNINGNIFTY Levels are estimated here. Watch your position according to MARKET Reactions. Shortby dipanjanxsamanta1
Nifty Next Week: (Market Outlook)Nifty hit the channel top and reversed in the parallel channel drawn on hourly chart.Swift move towards large caps which are undervalued or valued fairly should also be an investor friendly approach. It is very difficult and challenging to find undervalued or even fairly valued stocks in current market situation. Thus it is imperative to keep your stop losses and trailing stop losses in proper place.This is information is not to instill panic but everyone should keep their stop losses and trailing stop losses tightly in place for protecting the capitals and profits. Sectoral churning and profit booking from mid and small cap and investment in Large caps is also happening. This might be the reason why some of us may find your portfolios performing poorly despite market making new highs every day. Nifty Supports for the week remain at: 26148, 26037, 25866 (Strong support, mother line (50 hours EMA), Mid-channel support and trend line support, 25595 and 25345. Nifty Resistances remain at: 26277, 26336 and finally 26437. To know more about Parallel channel, Mid channel support and resistance, Channel bottom support and EMA vs Mother, Father and small child theory, read my book The Happy Candles Way To Wealth Creation, available on Amazon in Kindle and Paperback version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. by Happy_Candles_Investment2
Use of Various Technical indicators. (Educational Post)Nifty again after making a new high ended in negative today. Main reason for nifty ending in negative can be attributed to channel top resistance. RSI (Relative strength Index) reached over heated zone and peaked above 80 showing the market was overheated, this was the second reason of Nifty ended in red of Friday after a fantastic weak. RSI of monthly and weekly and daily candles also shows that Nifty is in the overbought zone. This can continue for a while or Nifty can dive next week or in the coming time searching for it's supports for the purpose of correction or consolidation. On hourly chart as seen above RSI Peak is near 81 with supports near 57 and 47 range. Currently the RSI is at 64.67. Bollinger Band is also suggesting temporary market peak near 26336 and strong support near 26092 and 25866. MACD is also signaling towards consolidation and correction as the coveted blue line seen in the chart is dipping below red line. Histograms sine wave is going towards negative zone with some strength in it's stride. 50 hours EMA or the mother line is near 25909 and 200 hours EMA or the father line is near 25345. Parallel channel indicates top near 26336. Mid channel support near 25866 and channel bottom support is near 25595. Trend line support is near 26148 and trend top seems to be near 26437. Supports and resistances drawn based on recent peaks and valleys are as under: Supports at: 26148, 26037, 25866 and 25595. Resistances at: 26277 (All time high resistance) In the above chart and data we have used the combination of Supports and Resistances, Trend lines, EMA, MACD, RSI, Parallel Channel, Bollinger Bands. You must have seen that various Technical indicators many a times indicate same or similar levels. Thus instead of trying to master many indicators, if you can focus on a few and master them, you will be more often correct. As Bruce Lee has famously said and I quote him, "I am not afraid of someone who knows 10000 kicks, I am afraid of the one who has practised 1 kick 10,000 times." It is also said in Sanskrit 'Sarva Deva Namaskaram, Keshavam Prati gacchati'. Pray to any of the divine forces but they ultimately end up at the feet of the supreme God head. Nasiruddin Shah had also said in a movie (Kabhi Haan Kabhi Na) "Idhar se jao, udhar se jao, ultimately sab rasta God ke pass jata hai." Deducing from it many indicators often yield same results. Master 2 or 3 of them and they will make you a great analyst. Conclusion: Learn, unlearn, relearn and master a few indicators rather than trying to know many indicators. They will help you create generational wealth. To know more about these indicators and how to use them and to understand Techno-Funda investment, read my book: The Happy Candles Way to Wealth creation available on Amazon in Paperback or Kindle version. The information regarding Nifty in this article is for the purpose of education and to show how various indicators often give same or similar result. To know more about when to book profit? Where to place a stop loss or what is trailing stop loss you are recommended to read my book: The Happy Candles Way to Wealth creation which is available on Amazon in paperback or kindle version. You can also comment below or send a message to us. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.by Happy_Candles_Investment5
NIFTYSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.Longby akilan147930
NIFTY SL 25350 WCB HOLD FOR 26089-26265LOTS of fear going on that Life High pe kya hoga?? Go with flow & Go with Market. Buy on Dip market keep strict SL 25350 WCB for 26089 - 26265. After giving close above 26285 than review more till that consolidate between 24800-25850 range ... RSI trying to catch up and cross resistance ... Volatility there. So, keep patience and wait for level to trade.. Good Luck. Happy weekend... K.N. : Before investing kindly take consult your advisor.. Longby kevalsonivisionUpdated 1