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Nifty50

Medium Term Nifty Outlook. 24869 proving to be strong resistance for Nifty. If this range is crossed the next resistance will be near 24949 and previous high of 25078. The major support zone is between 24657 and 24738. Right now Nifty is sandwiched between this zone and major move can be seen only after we get a closing above or below these two levels. The top of the trend seems to be near the previous high of Nifty that is 25078. If and when we get a closing above 25078 (Weekly closing). The next target which is also a channel top for Nifty will be near 25411. If we get a closing below 24657 the next major supports will be near 24437, 24120 and finally 23893. Below 23893 there will be weakness and bears can take over the market. Shadow of the candle right not is slightly green in colour (positive).
NSE:NIFTYLong
by Happy_Candles_Investment
Tata TechEnter NSE:TATATECH at CMP, with an SL of 1010. It seems that this gem from the Tata Sons empire is on the verge of an up-move in the coming weeks. Those willing to hold it for longer horizons may hold it till a close below 971.4, post which must take an exit. The formation of a reversal pattern post a prolonged downtrend, along with presence of a valid trendline with upto 4 touchpoints, makes this a significant breakout. This may also be a good time to allocate to this stock, from a longer term standpoint. ********************************************************************************************************************** This is for illustrative purposes only. Do not construe this as investment advice
NSE:TATATECHLong
by Samyak_Shah
Nifty at mid channel support trying to cool down RSI. Nifty is currently resting on the mid channel support and is trying to cool down overheated RSI. This consolidation is necessary before it can march further. Earlier in the day RSI had reached over heated zone of 75+. Currently the RSI has cooled down to 67.89. Further consolidation will be good for the market before it's next leap towards 25K+ again. The new channel top seems to be near 25.41K. In the medium to long run the Nifty has potential to reach anywhere between 25.8K to 26.32K within this year or within this financial year. Supports for Nifty currently are near: 24738, 24652, 24601 and 24409. 23893 will be a critical support closing below which the Nifty rally can turn bearish. Resistances For Nifty on the upper side are at: 24869, 24949, 25078 and finally Channel top resistance near 25411. Closing above 25411 will open our gates for new target which can be anywhere between 25.8K to 26.32K.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Podcast 22 Aug 2024Total 2 trades were taken today. 1st trade was based on Gapup/down strategy with R:R of 1. Although the outcome wasn't in the trade's favor, so closed along with the second trade. 2nd trade was on Podcast levels, the OI data was negative and there was huge Call writer on 28500 CE side, so took the trade with R:R of 1. Closed the trade with profit of only 3 points, but based on position sizing had taken with 4 lots. Notes: - Instead of Naked buying, Credit Spread would have worked in the favor for the 1st trade as today was the expiry of Nifty.
NSE:NIFTYShort
by gupshupblog
Combination of Fibonacci and trend lines and Parallel Channel. We will try to look at Nifty with the combination of Fibonacci, Parallel Channel and Trend lines and few other parameters to get the outlook for short to medium term on Nifty. Combination of various parameters mentioned above indicate that Door For Nifty reaching 26K+ within this year might have already opened. Various resistances on the way will be at 24783, 24874 followed by strong resistance of the previous high of 25078. Once we get a weekly or a monthly closing above 25078 the next resistances will be at 25410, 25839 and finally 26321 (Within this year or within this financial year). Supports for Nifty will be at 24643, 24517, 24324 and finally 24115. Below 24115 the final support for Nifty will be at 23893. Below this level the bull rally will be over and bears can take control of the market.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 22 AUG 2024BUY ABOVE - 24780 SL - 24740 TARGETS - 24850,24900,24960 SELL BELOW - 24660 SL - 24700 TARGETS - 24600,24530,24460 NO TRADE ZONE - 24660 to 24780 Previous Day High - 24780 Previous Day Low - 24660 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
TRITURBINE: Swing Long Idea#TRITURBINE: Is potential Long candidate for swing trade. 1) After a Good up trend paused and created a base, Now price approaching for break our region. 2) High Relative strength Vs #CNX500 3) Good AS Rating 4) Volume picking Up substantially as moving up. 5) Decent Fundamentals 6) Good FII & DII holding 7) Given a Break out and retesting. Buy zone 680 -690 wait for bullish price action around that zone. no overhead supply 8) Expected Target Base depth (162 + 676 = 838) 9) Keep 8% SL
NSE:TRITURBINE
by Vasu_devan
Gap generated on 5th August Finally Filled today. Gap generated due to gap down opening of 5th August is finally filled today. It is not necessary that all gaps either on the way up or on the way down are filled every time. As there are different type of gaps and different timings of gaps / intervals etc there are many factors which create loop holes in the gap theory. We will discuss that some other time. Gap Theory is a subject in itself. The supports for Nifty now are at 24517, 24324 and finally 24088. Resistances for Nifty in the short to medium term are at 24736, 24857, 24950 and 25080.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 20/08/2024BUY ABOVE - 24600 SL - 24530 TARGETS - 24660,24710,24780 SELL BELOW - 24530 SL - 24600 TARGETS - 24460,24380,24320 NO TRADE ZONE - 24530 to 24600 Previous Day High - 24660 Previous Day Low - 24530 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 19 AUG 2024BUY ABOVE - 24590 SL - 24530 TARGETS - 24660,24710,24780 SELL BELOW - 24530 SL - 24590 TARGETS - 24460,24380,24320 NO TRADE ZONE - 24530 to 24590 Previous Day High - 24590 Previous Day Low - 24200 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
Rising wedge pattern at a (15 mins) lower time frameTechnical: 1) A rising wedge pattern was formed from 5th August until today. 2) At 3 pm today, a bullish candle crossed the upper trendline. 3) The following candle successfully sustained above the trendline. 4) Building on my previous Nifty idea on 06th Aug'24, the Nifty is still holding above the rising wedge trendline on a higher time frame Please consider these points for educational purposes and let me know if anything can be added or modified technically.
NSE:NIFTY
by Prasad_Chenchu
NIFTY INTRADAY LEVELS FOR 16/08/2024BUY ABOVE - 24200 SL - 24110 TARGETS - 24270,24320,24380 SELL BELOW - 24110 SL - 24200 TARGETS - 24010,23900,23800 NO TRADE ZONE - 24110 to 24200 Previous Day High - 24200 Previous Day Low - 24110 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 14/08/2024BUY ABOVE - 24200 SL - 24110 TARGETS - 24270,24320,24380 SELL BELOW - 24110 SL - 24200 TARGETS - 24010,23900,23800 NO TRADE ZONE - 24110 to 24200 Previous Day High - 24380 Previous Day Low - 24110 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 13 AUG 2024BUY ABOVE - 24380 SL - 24320 TARGETS - 24440,24530,24590 SELL BELOW - 24320 SL - 24380 TARGETS - 24270,24200,24110 NO TRADE ZONE - 24320 to 24380 Previous Day High - 24440 Previous Day Low - 24200 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 50 analysis for coming week for 12th August to 16th AugustThis chart of the Nifty 50 Index on a 15 minute timeframe includes a Rising Wedge pattern and highlights several key levels and potential price movements. Here's the analysis: Key Levels: Immediate Resistance Levels: 24,516: A potential breakout point above which the index might move higher. 24,837: Another significant resistance level to watch if the price moves upward. 25,000: Key psychological and resistance levels that could be tested if the bullish momentum continues. 25,100: The upper target for a strong bullish move. Support Levels: 24,385 (PW-VAH): Previous Week Value Area High, acting as a support zone. 24,265 - 24,228 (PM-POC): Previous Month Point of Control, an area where the price might find support. 24,140 (PM-VAL): Previous Month Value Area Low, a crucial support level. 24,000: A key psychological support level, also indicated on the chart. 23,920, 23,809, 23,681, and 23,595: These are lower support levels, potentially in play if the price breaks below 24,000. Chart Patterns: Rising Wedge: A bearish pattern that suggests the price might break downwards after consolidating. It is currently testing the upper boundary of this pattern. Predicted Movements: Bullish Scenario: If the price breaks above 24,516, it could move towards the 24,837 level. Further upward movement could target 25,000, 25,057, and possibly 25,100 if the bullish momentum is strong. The green arrows indicate the possible upward targets. Bearish Scenario: If the price fails to break above 24,516 and starts to break down from the Rising Wedge, it could retest lower levels like 24,385, 24,265, and 24,228. A significant break below 24,000 could lead to further downside, targeting 23,920, 23,809, 23,681, and 23,595. The red arrows indicate the possible downward targets. Conclusion: Upside Potential: A breakout above 24,516 could lead to a test of higher levels up to 25,100. Downside Risk: A break below 24,000 could initiate a stronger bearish move, targeting the lower support levels. The movement will likely depend on how the price reacts around the 24,516 level and whether it breaks the Rising Wedge pattern upwards or downwards.
NSE:NIFTY
by Nivesh_Labs