nifty 50 weak trend 24000nifty 50 weak trend 24000
The Nifty 50 index is currently showing signs of weakness, with analysts predicting a potential test of the 24,500 level if it breaks the falling trendline support. The index recently failed to sustain gains and closed below 24,300, forming a bearish candlestick pattern,
NIFTY trade ideas
Gap up entry ruined the structure! What’s next!?As we can see the strong opening ruined the head and shoulders structure and couldn’t continue its uptrend and fell unidirectionally and later continuing sideways. Now we can expect NIFTY to again test the neckline before finally breaking out for unidirectional move so plan your trades accordingly and keep watching
Inverted head and shoulders pattern! Yet to be broken! As we can see despite the gap it failed to break and sustain above the structure hence made it void but looking at NIFTY we can see the structure is still there which is yet to broken hence we can wait for candle to close above the given structure for a unidirectional rally so plan your trades accordingly and keep watching everyone.
NEXT -- >> 23,990 – 23,870 zone.On 30th April, Nifty traded in a rangebound manner, as reflected in the charts. It took support around the 24,200 level, highlighted in green. Any adverse geopolitical development, such as an incident involving PoK or Pakistan, could trigger a sharp decline, potentially pushing Nifty down to the 23,990 – 23,870 zone.
A decisive move on the upside is expected only above the 24,470 level.
NIFTY Analysis for 2nd May, 2025In 15 mins timeframe market view is bullish. It did BOS (Break of Structure) as its breaks previous swing high and then took inducement (24260) in the same time frame. According to chart, high point is 24450 and low point is 23853 as per 15 mins swing. So, we will look for buying opportunity here. If market comes down till 23990 to 24050 area (demand zone) then that will be the best buying opportunity.
But if market makes CHoCH or flip in lower time frame (2min or 1 min) before the demand zone, in that case you can also make a entry for buying.
Most importantly, in these both cases there should be CHoCH or Flip in lower timeframe.
Nifty trying to break trendline resistance. As depicted yesterday we are near the trendline resistance. These trendline resistance like Mother and Father resistances are not easy to break but once broken they become a massive support zone. Nifty as we saw today is trying to break this trendline resistance which is there near 24359. Once this resistance will be crossed and we get a closing above the same we can see Nifty move swiftly towards 24538 and 24816. After closing above 24816 Nifty can move towards capturing 25K level back. Supports for Nifty remain at 23980 and 23708. Below 23708 we have the Mother and Father line support near 23365 and 23424. To know more about Mother Father and Small Child theory. To learn it to master it. Read my book. The Happy Candles Way To Wealth Creation available on Amazon in Paperback and Kindle 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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
#NIFTY Intraday Support and Resistance Levels - 28/04/2025Nifty will open gap up in today's session. Expected opening near 24200 level. After opening if 24150-24250 zone will act as a consolidation for today's session. Any strong upside rally only expected if nifty starts trading and sustain above 24250 level. Downside movement expected if nifty starts trading below 24150 level. Below this level downside move expected upto 23850 support level in today's session.
#NIFTY Intraday Support and Resistance Levels - 29/04/2025Gap up opening expected in nifty near 24450 level. After opening if nifty starts trading and sustain above 24500 level then possible strong upside rally towards the 24750+ level in today's session. Any downside or reversal expected near 24450 level. Downside 24250 level will act as a strong support for today's session.
Nifty Elliott wave update for 29april Tuesday onwardsIn this Video I have explained Elliott wave analysis of Nifty on 3hour, 15 min chart and 5min chart in detail to conclude what are the possible scenarios possible in Nifty index from 29april Tuesday onwards.... Kindly watch full video for detail understanding. It will help you to understand how to use Elliott wave theory practically on charts.
Thank you for watching....
Nifty levels - May 02, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
$NIFTY50back to reality and as expected nifty has bounced nicely
was thinking we go take liquidity1 below vwap first then go for the equal highs
looks like it wants 24694 liquidity first
plan is to risk off around liquidty 2 level since have been 90% in equity so would ike to free up some cash/ammo
acceptance below blue line then we likely go for vwap below
Nifty --->> downside towards 24,250 and 24,000 levels ??Today, Nifty marked an intraday high of 24,570 during the morning session and did not retest or offer any significant retracement thereafter.
The index has breached the white support trendline, indicating the potential for further downside towards 24,250 and 24,000 levels. With the market closed on May 1st, Nifty may remain range-bound with a negative bias in the coming session.
How India's Market performed during war like situtation ?espite facing wars, cross-border tensions, and unexpected shocks, the Indian stock market has consistently demonstrated remarkable resilience.
🔹 Kargil War (May–July 1999)
Index declined 9.3% from 1,084 to 916 but rebounded sharply — hitting 1,201 the next month, and soaring 40%+ by war's end.
🔹 Surgical Strikes (September 2016)
Short-term 1–2% dip, with a deeper 12.9% correction by November 2016. But markets recovered strongly, rallying 22%+ over the next 3 months.
🔹 Cross-border Tensions (February 2019)
Small dip of 1–2%, with Nifty swiftly rebounding from 10,500 levels in February to above 12,100 by June.
📊 The message is clear:
Short-term volatility happens.
Long-term resilience wins.
Stay invested. Stay informed.
Trust the process.
NIFTY 50 - Short-Term AnalysisChart Structure Overview:
Pattern Formation:
NIFTY has completed an Expanding Triangle pattern at the top.
Before starting the Expanding Triangle, a Final Exhaustion Gap was created — typically a strong signal of trend reversal.
Volume Behavior:
During the Expanding Triangle, volume gradually decreased, indicating loss of momentum.
Volume pattern confirms the weakening of the uptrend.
GAP Analysis:
Past continuation gaps have driven the uptrend.
Now, the final gap behaves as an Exhaustion Gap — signaling potential trend reversal.
Expectation: Another confirmation gap to open on the downside to validate the reversal.
Price Expectations:
Target Level Comments
Target 1 23,300 First major support zone
Target 2 22,800 Stronger support zone aligning with previous Fibonacci projections
Immediate downside move expected after a minor bounce/confirmation setup near the current zone (~24,300–24,400).
Technical Key Points:
Expanding Triangle Completed: Market structure topped out.
Exhaustion Gap Formed: Clear early sign of exhaustion.
Volume Decreasing: Confirming distribution phase.
Past GAP Analysis:
Continuation Gaps drove the trend up.
Final GAP now signals a possible major trend change.
Summary:
NIFTY appears to have completed its up-move after forming a final exhaustion gap.
The loss of momentum inside the expanding triangle pattern, coupled with the exhaustion gap at the top, signals that a short-term bearish reversal is highly probable.
In the coming days, once the market confirms the downward structure (especially if a downside gap occurs), a sharp fall toward 23,300 and then 22,800 can be expected.
Short-term trend: 🔻 Bearish below 24,600.
Disclaimer:
This analysis is for educational and information purposes only. Not investment advice. Always trade with strict risk management.
Nifty levels - Apr 29, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
let it be cross & sustained above 24350 leveltoday 28 April market showing strengths after little correction on Friday, yeah ofc market mode is still bullish but see BULLISH LEG 1 mention on chart below avg. traded volume not supporting price same Today BULLISH LEG 2 also have below avg. volume noticed, same you can noticed on 23 April when market was going up below avg. volume before falling , so if nifty really bullish pls let it be cross and sustained above 24350 level
Nifty50 View .....TechnicallyNifty50 Daily Outlook
After a sharp recovery, Nifty50 is showing signs of exhaustion. A sell opportunity may arise near 24000 levels.
Trade Plan:
Sell Entry: Around 24000
Target: 23380
Stoploss: 24220
If Nifty sustains below 24000, a pullback toward 23380 looks likely. Maintain strict stoploss and manage risk carefully!!
Despite Geo-Political tensions, Nifty closes above Mother line. It was quite remarkable for Nifty to close above the Mother line (50 Hours EMA) despite the Geo-Political tensions and brewing storm of escalations at border. This shows the character of not only Indian market but the resilience of India as a nation. In yesterday's post itself we had mentioned that strong technical resistance has been reached. Add the tension and intent of India to fight against terrorism so it was a perfect recipe for a major fall. Which may happen if things escalate further next week but recovering from 23847 and to close above 24K at 24039 shows that when things will be back to normal the indices will bounce back. Resistance for Nifty now remain at 24096, 24335 and 24504. Supports for Nifty remain at 23914 (Major Mother line support) of 50 Hours EMA, 23800, 23530 and finally 23363.
While Long term players, FII, HNI and DII look at such opportunities to invest for Retail trader it becomes very difficult to control their emotions in such an environment of Geo-political pressure and then we saw a huge fall in the market. The opportunity was seized by both DII and FII with both hands as both turned net buyers for Rs.6492+ Crores. So traders / investors should always avoid knee jerk reactions. Who knows what happens during the weekend the support and resistance levels to watch out for are already mentioned in the message.
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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.