NIFTY INTRADAY LEVELS FOR - 28/08/2023BUY ABOVE - 19320
SL - 19280
TARGETS - 19370,19440,19520
SELL BELOW - 19230
SL - 19280
TARGETS - 19140,19070,19010
Previous Day High - 19340
Previous Day Low - 19230
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
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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.
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.
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HAPPY TRADING 👍
Nifty50
NIFTY ANALYSIS FOR 29TH AUGUST 2023 FOR EDUCATIONAL PURPOSE ONLYNIFTY ANALYSIS FOR 29TH AUGUST 2023 FOR EDUCATIONAL PURPOSE ONLY
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Market This Week.Market Outlook:
Nifty is delicately placed at a major support level which was this week’s low. If this week low is broken next week and we get a weekly closing below the same, we can see further weakness creeping into Nifty. Weekly closing of Nifty was not good and the closing was just below 50 Weeks EMA which is always a negative sign. The resistance for Nifty on the upper side will be at 19386, 19499 and 19586. Supports on the lower side for Nifty are at 19229, 19024, 188861, 18555 and finally 18421.
Nifty 50 Weekly Market OutlookWeekly Review
Nifty 50 continued to fall for the 5th week straight. The index has retraced -3.64% from its all-time highs. Although in mid-week bulls tried to outnumber the bears as index witnessed a good rally till 19,585 levels but was soon rejected as it faced huge selling pressure pushing the index to 19,265 with a gap down opening the very last day of the week.
Week Ahead :
On Daily charts, the Nifty 50 index seems to form a falling wedge which shouldn’t go unoticed as we have seen a euphoric rally in past mid week. This indicates a strong push by bulls to regain their fort but that’s a conditional outlook if the index is breached beyond the falling trendline (downward sloping-upper trendline) with sustained move till 19,300-19,375. A break above 19,600 is a crucial resistance for any rally beyond that level and given the fact that market still holds 19,494 as crucial level. On the lower side if the selling pressure weighs heavy, a possibility of 19,194 , 19,076 and 18,977 can’t be ignored.
NIFTY ANALYSIS FOR 28TH AUGUST2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 28TH AUGUST2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Expected Important Intraday levels of the week.NSE:NIFTY
Disclaimer: All the mentioned view and analysis is NOT an Investment or any kind for financial advice. These levels are just for educational purpose.
We have continuously seen some Bearishness / Profit Booking in Nifty 50 Since past two weeks in the smaller timeframe.
Since Nifty 50 is Bullish in the Higher timeframe we consider bearish movement in the smaller timeframe just a correction and Bull try to take advantage by entering in these situations.
So Keeping ourself ready for upside as well as downside movement i have marked all the probable important levels for the week.
I will keep these level up to date throughout the week and in case today we see major gap up or gap down then I'll also publish REVISED LEVELS in the upcoming sessions.
I will drop some important levels in the MINDS section, so do subscribe to get yourself notified about the important updates as soon as possible.
I would recommend you to club these levels with your existing knowledge and style of trading to get maximum benefit out of it.
Nifty's unsuccessfully attempts to break free for down trendNifty's unsuccessfully attempts to break free for down trend was successful in breaking one down trend but the next trend line and resistance near 19584 was too tough for it to conquer. As Nifty was unsuccessful in breaking the trend bears capitalized and brought the nifty below both 50 and 200 hours EMA. Now Nifty rests on delicate support of 19365. This is a weak support and if bears attack again this support may not hold. Next support for Nifty in such a case can be near 19310 and 19252. If 19252 is broken Nifty can yield control to the bears who may try to push it further down to 19164, 19050 or even below 19K by the end of this month. Resistances on the upper side 19437 (Strong Resistance now) followed by 19479 and 19538. But things look a little dull for weekly closing.
In the Background Speech by Powell in US Fed Jackson Hole Symposium tomorrow will be key to future of global markets. Right now things do not look good as the signals are that US FED may continue with the Hawkish stand.
JK Paper in the Buying ZoneJK Paper is in the buying zone after 2020 fall. Divergence in the buying zone is fairly noticeable.
I will buy 1% of my capital (Rs 10,0000) for a longterm view.
Buy Price: 321
Qty 31
Horizon 1-2 years
SL - Will only protect profits at a later stage
Disclaimer: Please do not follow my trades blindly. This is not a financial advise
NIFTY ANALYSIS FOR 25TH AUGUST2023-FOR EDUCATION PURPOSE This viNIFTY ANALYSIS FOR 25TH AUGUST2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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19637 level is good support and Nifty may aim to go higher.19367 level is good support and Nifty may aim to go higher from here. Just below 19367 is 50 days EMA at 19281. Finding a support above 50 days EMA is a good sign and Nifty can aim for next resistance level of 19514 or even 19631 from here. Closing above 19631 will give a boost to Nifty for the targets of 19786 and finally it can again take an aim at allusive target of 20K. Supports on the lower side as mentioned will be 19367 and 19281. Below 19281 Nifty becomes weak again. But right now the jubilant mood of success of Chandrayaan 3 mission should only reflect in the market if not for the full weak atleast for tomorrow.
NIFTY ANALYSIS FOR THURSDAY 24TH AUGUST 2023-FOR EDUCATION PURPONIFTY ANALYSIS FOR THURSDAY 24TH AUGUST 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Nifty Outlook:Nifty is taking support at the 50 days EMA and trying to stage recovery from there but 19440 to 19520 is a resistance zone which it is finding difficult to clear. If and when that resistance zone is cleared the next resistance zone is near 19631 and 19786. In case the Nifty breaks 50 EMA and parallel channel bottom support the bears will feel empowered and they can further drag the index down. Supports for Nifty on the lower sides are near 19274, 18900 and finally 18392.
Nifty Support and resistance zones-Wednesday-23rd AugustNifty Support and resistance zones-Wednesday-23rd August
Resistance Zone- 19430 to 19436, 19463 to 19466, 19548 to 19553, 19579 to 19583
Support Zone- 19387 to 19382, 19357 to 19351, 19312 to 19308 and 19272 to 19268
// For educational purpose only //
NIFTY ANALYSIS FOR WEDNESDAY 23RD AUGUST 2023-FOR EDUCATION PURPNIFTY ANALYSIS FOR WEDNESDAY 23RD AUGUST 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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NIFTY Important Support 19300 Hourly TFIf the sentiments continue to be bearish and a breakdown of the 19300 levels occurs, it could pull the Nifty down to the 18900 levels. In previous sessions, Nifty was unable to close above the levels of 19600 and 19800. A descending triangle pattern, indicating a potential reversal, has formed on the hourly timeframes. If the support remains intact, we may observe Nifty consolidating for some time.
Please give a boost if you find the analysis helpful and consider following for more. Any suggestions or advice are warmly welcomed.
Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
NIFTY50 taking support from 50DEMAIn last Idea posted on 27th july i had shared that nifty will touch 50DEMA before going further up. Now it has been holding 50DEMA for last couple of days and we can see a bounce for next week or so. After which buyers will be exhausted and nifty will again continue downtrend to touch 100DEMA which will be around 19000 then. For now upmove targets are 19600-650 for next two weeks.
Nifty Just above Major Support Zone. Nifty is just above a major support zone if this support which is a very strong one is broken then we can see further weakness in Nifty. This week is crucial for Nifty. The supports for Nifty are near 19264 (Major Support). 19000, 18900 and Finally the zone between 18400 to 18372 (which seems to be a worst case scenario but is only if 19264 and 19000 are broken. (It will not be easy for bears to achieve this. On the upper side if Nifty jumps from the current support the resistances can be near 19513, 19631, 19786 and finally 19991.
NIFTY ANALYSIS FOR TUESDAY 22ND AUGUST 2023-FOR EDUCATION PURPOSNIFTY ANALYSIS FOR TUESDAY 22ND AUGUST 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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