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Nifty50

NIFTY INTRADAY LEVELS FOR 26/04/2024BUY ABOVE - 22620 SL - 22570 TARGETS - 22670,22720,22770 SELL BELOW - 22510 SL - 22570 TARGETS - 22510,22430,22390 NO TRADE ZONE - 22510 to 22620 Previous Day High - 22620 Previous Day Low - 22320 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
22447 to 22481 proving to be a tough resistance to crack.Since yesterday 22447 to 22481 is again and again blocking the Nifty rally. Only after 22481 is crossed and held we will see the rally continue further. Further resistance will be near 22558, 22612, 22692 or even 22780+. In case the resistance proves strong enough the supports will be found at 22376, 22342 and 22290. If 22290 is broken then further supports will be found at 22201, 21972 and finally 22784. Shadow of the candle is still looking positive.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 25/04/2024BUY ABOVE - 22430 SL - 22360 TARGETS - 22470,22510,22570 SELL BELOW - 22360 SL - 22430 TARGETS - 22320,22270,22210 NO TRADE ZONE - 22360 to 22430 Previous Day High - 22470 Previous Day Low - 22390 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 INTRADAY LEVELS FOR 24/04/2024BUY ABOVE - 22430 SL - 22360 TARGETS - 22470,22510,22570 SELL BELOW - 22360 SL - 22430 TARGETS - 22320,22270,22210 NO TRADE ZONE - 22360 to 22430 Previous Day High - 22430 Previous Day Low - 22360 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
Strong resistance around 22447 blocked Nifty rallyA strong resistance around 22447 blocked the bull rally of Nifty today. If this resistance is not crossed the Nifty will try to re-test the supports. There is a strong support in the range of 22279 and 22312 region which includes 50 EMA, 200 EMA (Mother Father lines) and a trend line support. If these supports are broken we can see weakness which can lead Nifty further down to 22201 or even 21972 levels. If the Nifty successfully crosses and closes above 22447, further resistances will be found at 22510, 22612, 22692 and 22780. A frantic Bull-Bear tussle is going on and it will be interesting to see which side is able to call the shots during reminder of the week.
NSE:NIFTYLong
by Happy_Candles_Investment
Very Positive close by Nifty indicating more bullishnessMore up move is on card baring there is no further bad news related to Iran and Israel conflict and other news surrounding the Middle East and Levant nations. The closing above 50 and 200 EMA hourly indicates that there might be more bullishness in store for Nifty with resistances at 22430 and 22517. If these 2 levels are crossed easily then we may see 22692, 22780 and even 23K+ levels in Nifty in the coming weeks or months. Supports on the lower side for Nifty in case there is some negativity remain at 22201, 21972, 21784 and 21716. Below 21716 bears again take control of Nifty.
NSE:NIFTYLong
by Happy_Candles_Investment
Fundamental Picks - Stock PE < 20 (NIFTY 50)📊 Script: BPCL 📊 Sector: Refineries 📊 Industry: Refineries ⏱️ C.M.P 📑- 585 🎯 PE 🏆 - 4.38 📊 Script: ONGC 📊 Sector: Crude Oil & Natural Gas 📊 Industry: Oil Drilling / Allied Services ⏱️ C.M.P 📑- 275 🎯 PE 🏆 - 8.24 📊 Script: COALINDIA 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals ⏱️ C.M.P 📑- 435 🎯 PE 🏆 - 9.14 📊 Script: SBIN 📊 Sector: Banks 📊 Industry: Banks - Public Sector ⏱️ C.M.P 📑- 750 🎯 PE 🏆 - 10.49 📊 Script: INDUSINDBK 📊 Sector: Banks 📊 Industry: Banks - Private Sector ⏱️ C.M.P 📑- 1482 🎯 PE 🏆 - 13.33 📊 Script: HINDALCO 📊 Sector: Non Ferrous Metals 📊 Industry: Aluminum and Aluminum Products ⏱️ C.M.P 📑- 614 🎯 PE 🏆 - 14.69 📊 Script: TATAMOTORS 📊 Sector: Automobile 📊 Industry: Automobiles - LCVs / HCVs ⏱️ C.M.P 📑- 963 🎯 PE 🏆 - 16.51 📊 Script: POWERGRID 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply ⏱️ C.M.P 📑- 281 🎯 PE 🏆 - 16.62 📊 Script: HDFCBANK 📊 Sector: Banks 📊 Industry: Banks - Private Sector ⏱️ C.M.P 📑- 1531 🎯 PE 🏆 - 17.12 📊 Script: NTPC 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply ⏱️ C.M.P 📑- 350 🎯 PE 🏆 - 17.38 📊 Script: ICICIBANK 📊 Sector: Banks 📊 Industry: Banks - Private Sector ⏱️ C.M.P 📑- 1067 🎯 PE 🏆 - 17.62 📊 Script: JSWSTEEL 📊 Sector: Steel 📊 Industry: Steel - Large ⏱️ C.M.P 📑- 864 🎯 PE 🏆 - 18.79 Formula to calculate PE = MVP/EPS MVP - Market Value Per Share (Stock Price) EPS - Earning Per Share Industry(NIFTY50) PE - 22.7 Always Compare Stock PE with Industry PE for Better Understanding. LOWER THE PE MORE ATTRACTIVE THE COMPANY. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BPCLLong
by radha_23
4
Nifty took a critical support at 21777. (A number to watch)Nifty fell like a hot knife going through butter slab reacting to Iran Israel news. There was some respite today as Nifty has takena support at 21777 and bounced back to close the week at 22147 staging a remarkable recovery. 21777 will remain a critical support to watch for reminder of the month. In case this support is not held further supports will be only between the range of 21157 and 20973. If 20973 is further falls casualty to any escalation between Iran and Israel, we still have a strong support near 20592 which is also a Mid channel support. If by chance mid channel support is broken there can be a free fall towards 20237 or even 18878 levels if situation worsens. On the positive side of it if 21777 is respected we can further see resistances near 22318, 22514 and ATH resistance near 22775 levels. Things are delicately poised but let us hope peace prevails and we see nifty bouncing back drastically in the coming week or weeks. Local sentiments still remain good except for the fact that some FIIs are not happy with tax heavens status withdrawal from Mauritius. Global factors specially related to Israel and Iran are governing the global sentiments currently.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 19/04/2024BUY ABOVE - 22050 SL - 22000 TARGETS - 22080,22120,22160 SELL BELOW - 21960 SL - 22000 TARGETS - 21920,21880,21840 NO TRADE ZONE - 21960 to 22050 Previous Day High - 22320 Previous Day Low - 21960 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
Market Outlook: Israel and Iran Conflict continues to haunt. After taking a drastic beating due to Israel and Iran conflict Nifty today has taken a support near Mother line (50 EMA). There is also a trend line support at the same place. If there is no bad news in next one or two days we might see a reversal in Nifty in favor of Bulls. In case there is some more bad news we may see bears tightening the grip over the market. Right now main factors driving the market are global. One in global inflation and commodity prices (Specially metals/ Precious metals and crude oil) and Israel and Iran conflict. Local factors are firmly looking good and no changes seen. If there is a full scale war the imp act will be Global and no market will remain insulated from the same. But India because of local factors and neutral stance (which might be challenged as well) will be the first or the fastest to bounce back. Supports for Nifty are at 22113, 21722, 21145 and finally 20767. Resistances for Nifty will be at 22214, 22306, 22421 and 22513. Disclaimer: The Purpose of this analysis is purely for Education. Any decision to invest in shares of F&O should not be taken based on it. This is just to show you how technical analysis works.
NSE:NIFTY
by Happy_Candles_Investment
Market Outlook:Market Outlook: The factors related to Israel and Iran Conflict will e the leading cause for market and moves rather than other local or Techincal factors for the next few days it seems. However the Support and Resistance levels seem to be as under. Nifty Resistance: In case there is some positive news of tension related to conflict decreasing will be at 22424, 22534 and 22620. Nifty Supports: In case there is further escalation in conflict which looks more likely will be at 22622, 22112(Major support from where Nifty can bounce), 22008, 21711.3. If 21711.3 is broken we can see the levels of 21149 or even 20753. Shadow of the candle is negative and anyway Global factors specially Iran and Israel will be decisive force driving the Nifty for next few days it seems.
NSE:NIFTYShort
by Happy_Candles_Investment
Nifty broke a major support and is near a crucial support. As depicted in the last message. Nifty was near a crucial resistance zone which is between 22770 and 22808. Nifty fell sharply from these levels triggred by possibility of a major 3rd World War like crisis due to Iran and Israel conflict. Now Nifty is below a major resistance that is 22567 and just above a major support level near 22511. Any further escalation in war has potential to make Nifty plunge into a nose dive towards 22416 or 22309 levels. If 22303 levels are broken Nifty can further fall quickly towards 22K levels or below. However if there is de-escalation we can see a relief rally in Nifty with resistances at 22567, 22622 and 22689 levels. In case of Nifty rising this week again 22770 to 22808 zone will be a very nasty resistance to cross. Shadow of the candle is neutral as of now and anything can happen due to global factors. Local factors are in favour of investors and fall if any can be used to invest and bottom fish.
NSE:NIFTY
by Happy_Candles_Investment
Again Nifty reaches a difficult resistance Zone. Again Nifty has reached a difficult resistance zone which is between 22773 and 22808. This is a difficult zone to cross as it has a fibonacci resistance as will as the ATH Resistance. If we get a gap up opening and a nice sustenance there after above this resistance it can resolve the problem of the resistance band. In this case further resistances will be in the range of 22898 and 23018. In case the zone acts as a difficult zone to conquer the supports for Nifty will be near 22622, 22561 and 22422. Shadow of the candle is neutral but momentum is positive so it will be an interesting day Bulls and Bears both will try to snatch the initiative. Also weekly closing has potential to keep things more interesting.
NSE:NIFTYLong
by Happy_Candles_Investment
Closing above 22629 has ensured it is a cup and handle BO. Closing above 22629 has ensured it is a cup and handle Break Out for Nifty. Now the only major hurdle remaining between another leg of bull run and consolidation is the resistance at 22701. Once 22701 is crossed next targets for Nifty will be 22803(Major Resistance), 22910, 23047 and 23220. If the breakout fails and Nifty is not able to cross 22701 swiftly the support levels will be at 22619, 22536, 22454 and finally 22219. Bears will awaken from coma only after we get a closing below this level till that time enjoy the bull run. Perhaps some consolidation might also be seen before some further progress in unlikely circumstances. Right now it is a one horse race for bulls and shadow of the candle is positive.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty can scale further highs if it sustains above previous ATH.Nifty bounced back but pretty well after confirming a near term bottom around 21710. right now facing mid-channel resistance. Daily closing firmly above 50 days EMA is another positive sign. Right now Nifty will face or is facing mid channel resistance which is near Friday's high of 22180. Nifty next week crossing and closing above 22180 will ensure that Nifty has closed not only above mid channel resistance but also trend line resistance which is in the same range. This dual resistance can be little stiff to cross. If it is crossed and held, next resistances will be at 22301, 22449 and finally 22526. In case the hurdle of Mid-channel resistance is not crossed the support levels for Nifty will be at 21877 (50 days EMA), 21710 and finally 21544. Shadow of the candle is neutral with positive bias indicating consolidation in the range or a further up move.
NSE:NIFTYLong
by Happy_Candles_Investment
Chart says JUST DO IT...Last year after the Ukraine was there was such a panic in the market. People were selling their precious shares at whatever price they could not expecting an adverse event or a fall is an adverse event in itself. In stock market there will be ups and there will be downs...Become a long term investor in Equity. Even the chart today says JUST DO IT as Nifty touches All Time high of 22619. At this juncture there is a very strong trend line resistance from where there was a drastic fall. The support levels indicated in earlier messages / posts were tested as the Nifty again jumped after taking the support near 22303. Nifty ended the day again finding itself trapped at 22514.65 which is a strong resistance zone indicated since many days between 22500 and 22530. Once Nifty gives a closing above this zone there will be strong bullish moves across the sectors. Until then Nifty Supports will be at: 22470, 22417, 22350 and finally 22164. Nifty Resistances will be at: 22520 to 22530, 22587, 22636, 22690, 22787 and 22830. In the long run investing in fundamentally strong stocks that are giving a technical is a great idea. So... JUST DO IT .
NSE:NIFTYLong
by Happy_Candles_Investment
Shorting Nifty 50: Potential Reversal Signal at Bearish OBHey Traders, Thinking of taking a short ride on the Nifty 50? Here's why I'm feeling bearish about it. So, there's this Bearish Orderblock (OB) lurking around 0.30% above the current price, hinting at a market reversal. But wait, there's more! The Bearish Fair Value Gap (FVG) is also signaling some downward action, possibly even before we hit that OB. Now, let's talk strategy. Our entry point is 22343.70, a sweet spot where we expect things to turn south. And to play it safe, we've got our stop-loss (SL) set at 22637.55. As for the take-profit (TP) targets, we're aiming for TP1 at 21710.20 and TP2 at 20983.10. Feel free to cash out earlier if you're happy with your gains, and don't forget to trail that stop-loss. Oh, and here's a pro tip: keep some cash handy for dollar-cost averaging (DCA) around 22526.60. This way, we're ready to tweak our position if the market throws us a curveball. Our decision to enter the market is also influenced by Fibonacci retracement levels, particularly the presence of Golden Pockets, reinforcing the validity of our trade setup. In summary, the confluence of technical signals, including Bearish OB, Bearish FVG, and Fibonacci retracement, strengthens the rationale behind shorting the Nifty 50. By adhering to prudent risk management principles and remaining adaptable to market movements, we aim to capitalize on potential downside opportunities effectively. Note important thing: It could be that the market opens at monday and the market goes up, so we will wait a bit. Like (boost), follow, comment and share this trade idea! For the optimal TradingView experience, upgrade now to unlock the platform's full potential: www.tradingview.com
NSE:NIFTYShort
by smarttrader012
5
Again the same resistance stopping Nifty from Progressing. Again Nifty is facing the same resistance as we have seen for the last 2 days as Nifty returned from the day's high of 22521. However the support came from the expected level mentioned yesterday i.e.22346. Most important turning point on either side can be US FED Chair Jerome H. Powell speech about Economic Outlook. (At the Stanford Business, Government, and Society Forum, Stanford, California). This will give definitive direction to global and Indian markets or atleast it will have a strong effect if not give direction. The support and Resistance remain same as yesterday. Nifty Supports: 22417, 22350, 22315, 22252 and finally 22143. Nifty Resistances: Range between 22500 and 22530, 22597, 22690, 22787 and channel top will be near 22830.
NSE:NIFTY
by Happy_Candles_Investment
As Depicted Yesterday Nifty is facing a resistance zone.As mentioned yesterday Nifty is getting trapped in a mild resistance zone after making a new ATH near 22529. This resistance zone is between 22477 and 22529. It looks like Nifty needs a little bit more consolidation to cross this zone. If this zone is crossed the next resistances for Nifty will be near 22597, 22690 and 22787. Supports for Nifty remain at 22388 and 22350. The zone between 22300 and 22252 will be a strong support zone in case of a fall with Mother line support of 50 EMA at 22268 (Strong Support). Very interestingly poised is nifty with shadow of a candle little bit on the negative side.
NSE:NIFTYLong
by Happy_Candles_Investment