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Niftyanalysis

Nifty Support and Resistance for coming weekAfter fed Chairman Jerome Powell's undeniably hawkish comments about the likely need for aggressive interest rate hikes to lower inflation. Market corrected from higher level and it triggered the volatility. Considering it I have drawn few support and resistance levels which could decided the market direction. As I explained in the weekly chart last week, Reversal pattern was observed. The Market had taken a support from the confluence zone. Need to see the price action of coming week if it it holds. Below 17300-17400 range nifty is likely to fall aggressively
NSE:NIFTY1!
by OK_Rane
NIFTY SEPTEMBER ANALYSISWith Powell's Statement, Dow has given a -950 pts fall on Friday! This has led to -215 points Pre-Open fall in SGX as of 28/08/2022! With Opening on Monday, i.e, 29/08/2022, we can expect the market to Open around 17200-250 zone and then take support at the marked levels! Institutional accumulation and Buying seen in the August series indicates that markets can form a bottom around the 17150-200 zone and then move uspide! If the panic selling continues, then we can see a further correction till 16950-17000 levels! 17000 should act a strong support zone and markets can take a good recovery from this level! Stocks and Index both can give a good rebound and can create some good buying and accumulation opportunities!
NSE:NIFTYShort
by THEINTRADAYEXPERT
Nifty levels & strategy for 29/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. NIFTY Nifty is up by 36 points. However, Nifty closed almost flat, below 20 EMA, VWAP levels. Market was stable for most of the day on Friday but we have seen fear & high volatility in last hour. PCR shifted slightly below from 0.76 to 0.73 which is clearly in bearish zone. Highest open interest on call side at 17700 (Shifted down from 18500 to 17700) Highest open interest on put side at 17000 (Remained same at 17000) BANK NIFTY Bank Nifty is up by 36 points. Bank Nifty closed almost flat, below 20 EMA, VWAP levels. Bank Nifty trader firmly and sideways throughout the day Last hour sharp selling/volatility gave opportunities to bears as well as bulls. PCR stayed almost at same from 0.66 to 0.67 which is clearly in bearish zone. Highest open interest on call side at 39500 (Remained at same level) Highest open interest on put side at 39000 (Remained at same level) Shall we expect downward trending market on Monday based on Jackson Hole meeting outcome? Shall now look for only sell on rise opportunities till global market sentiments remains negative? Shall we expect decent profit booking after significant one way relief rally which almost became bull run now? Please do share your comments. Have a nice weekend and wish happy, healthy & profitable Monday!
NSE:NIFTYShort
by manishmgupta
Nifty Important levels and trade plan for Monday, 29.08.22 Currently SGX nifty is almost 200 point negative and is near an important support zone, so we may see some correction in it but still we may expect Nifty to open slight to huge gap down only. Previously, nifty was in a consolidation phase of a downtrend, and with a gap down opening we will consider the continuation of the down trend, and will plan for bearish trades only. However, if it reaches a support zone near 17337, we may go for bullish scalping trade. If nifty opens flat, then after crossing 17550 we will enter into bearish trade, targets will 17479, 17409 and 17337. For Opening below 17479, we will have to wait for profit booking and correction in RSI and then according to conditions, will try to ride the trend. Same will be the scenario, for an opening near 17409 support level. However, near 17337 support zone here marked in green will not wait for price action, and if Nifty forms any bullish candle will enter into a bullish scalping trade, considering previous support levels as targets- (reason for bullish trade-it is an important support level in weekly time frame). Again, for an opening below the mentioned support zone we will wait for price action only, before entering into a trade. 17700 level has highest OI in CE side, but after a huge gap down opening it will not matter much and same will be the case with 17500 level which has the highest OI in PE side, and if Nifty opens much below this level then this level will not carry any importance, and then 17200 will be the next important level with second highest OI in PE side. Daily Central Pivot Range from 17602 to 17573 Weekly Central Pivot Range from 17551 to 17535 Monthly Central Pivot Range from 16886 to 16341 *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 27th August, 9:20 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
AdaniPort Both side move possible~Short 850>770 & Long 770>950 AdaniPort Elliot wave analysis 1) (a) 1 Day time frame Wave 4 Complete and Wave 5 start this time (b) Wave 5 Target 1012-1050 Around 2) 2 hour tf Wave 1 Done & this time Adaniport at correction mode (Wave A Done, B wave Still Running, Wave C coming soon) 3) Big opportunity for inverters those miss dip entry Swing Trades ~~ 1~ Short 850-870 Target-798 &770 2~ Long Around 770-800 Target 1012-1050 Note:~~ 890 chart Invalidation Level
NSE:ADANIPORTS
by rkmatre
Nifty could not hold above 50 hours EMA.Powell's Speech at Jackson hole Symposium to decide the direction of NIFTY and other global indices. Green lines support red lines resistances. Unfortunately we could not end above 50 hours EMA. Despite multiple attempts today. Good outlook from Powell can give us gap up above 50 EMA. Otherwise things can slide down side next week. Supports : 17484, 17346, 17246 and finally 17021. Below this level we can see a free fall towards 16900-16445. Resistances : 17625, 17719 and 17988.
NSE:NIFTY
by Happy_Candles_Investment
Nifty levels for 26/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. NIFTY Nifty is down by -82.5 points. Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted below from 0.84 to 0.76 which is still in bearish zone. Highest open interest on call side at 18500 (Shifted up from 18000 to 18500) Highest open interest on put side at 17000 (Remained same at 17000) BANK NIFTY Bank Nifty is down by -88 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted down from 1.08 to 0.66 which is now back in bearish zone. Highest open interest on call side at 39500 (Shifted down from 40000 to 39500) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) – BULLS GOT TRAPPED Shall we expect trending market tomorrow after Jackson Hole meeting outcome? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
Nifty Important levels and trade plan for Friday, 26.08.22On daily time frame Nifty formed a bearish engulfing, and we come to a conclusion in the beginning that tomorrow we may see the continuation in down trend in Nifty which took a mild correction in last two days. So tomorrow we will wait for bearish trades only and will try to ride the trend, and will enter in any trade (bearish-small quantity) below tomorrow’s CPR, first hurdle will be in a zone between 17490 and 17470, and below this level will enter with full quantity-if Nifty opens flat or slight gap down. For slight gap down opening, below the zone marked in color green, after first five candle if it is red then will enter into bearish trade with full quantity. However for major gap down, we will have to wait for a proper price action to form before taking any entry. Will avoid bullish trades tomorrow near today’s closing levels, however near bottom support levels, we may go bullish scalping trades, with small targets. 17344, 17222 will act as major support levels for tomorrow. For upside move 17630 and 17722 will be major resistance levels. Will analyze, on major support level from where Nifty may bounce back after this week’s closing tomorrow. Daily Central Pivot Range from 17606 to 17550 Weekly Central Pivot Range from 17851 to 17789 Monthly Central Pivot Range from 16886 to 16341 Will not analyze OI data today. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 25th August, 9:20 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
2
NIFTY 50 for tomorrow - 26 August 2022Opens Gap up @ 17679 (Prev close: 17604). Closed near its low-forming Bear Candle. Took Resistance at previous Falling Gap. RSI @ 59.75 Price Action expectation Tomorrow Price may open a gap up or gap down. If opens a gap up, will be an opportunity to short. If opens Gap down, one needs to wait for the first 15 min price action, and act accordingly, though the structure is looking weak, I would most likely be looking to short if any short- setup develops. Immediate Support at 17370 - 17320 Immediate Resistance at 17615-17630
NSE:NIFTYShort
by manuagarwal21
Nifty Levels for 25/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. NIFTY Nifty is slightly up by 27 points. Nifty closed above 20 EMA, VWAP level near day’s high. Once again, we had a highly volatile day. PCR remained flat from 0.83 to 0.84 which is still in bearish zone. Nifty hourly chart has formed flag & pole pattern which is also indicating bearish price action on chart. Highest open interest on call side at 18000 (Same as yesterday) Highest open interest on put side at 17000 (Shifted down from 17500) BANK NIFTY Bank Nifty is further up by 341 points. Bank Nifty closed above 20 EMA, VWAP level near day’s high. Once again, we had a highly volatile day. PCR shifted up from 0.90 to 1.08 which is now back in bullish zone. Highest open interest on call side at 40000 (Remained same as yesterday) Highest open interest on put side at 38000 (Shifted down from 38500 to 38000) Shall we continue to expect high volatility till outcome of Jackson Hole meeting? Shall we look for buy on dips and sell on rise opportunities with suitable SL/TSL? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Important levels and trade plan for 25.08.22Today Nifty closed near it’s day high forming an inside candle in daily time frame. 17623 is the highest point and 17498 is the lowest. Again, 17600 the considerable level with highest OI in CE side, and 17500 is that in PE side. So, tomorrow’s strategy will be simple, we will go for trade in either side of today’s high or low, after nifty crossing either side. In upside Blue diagonal trend line will be the first resistance level followed by 17670, 17745, 17855, similarly for downside 17422 and 17349 will be the important support levels. For gap up or gap down opening, will wait for nifty to come to support or resistance, and after forming a price action will trade. For us a slight-gap down (20-30 points) opening will be the best opening for tomorrow. We will avoid trade especially option buying in between today’s high and low. Daily Central Pivot Range from 17590 to 17561 Weekly Central Pivot Range from 17851 to 17789 Monthly Central Pivot Range from 16886 to 16341 *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 24th August, 5:00 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
2
Nifty level tomorrow We see today a good buy in nifty if we calculate total move of nifty thn nifty can move more thn 300 points today now what for Tomorrow?? We see today close of nifty was below 17597 (17577) we make our Tomorrow view was bearish due to closing now we are bullish in nifty / buy nifty above 17597 bcs if it break this level thn it make a good bullish head &shoulder after that our target 17635 17691 17744 Sl 17575 Sell nifty below 17559 Target 17520 17490 17455 Sl 17600 See our view was bearish for opening bcz of closing if it crossed the level of 17597 thn we are bullish but before that we are bearish
NSE:NIFTY
by devved19
Nifty Index Levels for 24/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. NIFTY Nifty is up by 87 points. Nifty closed above 20 EMA, VWAP level near day’s high. We had a highly volatile day. PCR shifted down from 0.60 to 0.83 which is still in bearish zone. Highest open interest on call side at 18000 (Same as yesterday) Highest open interest on put side at 17500 (Shifted up from 17000) FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS: FIIs (Bullish): FII bought in cash market for 563 crores and bought in derivative market contract for 6510 crores (please do continue to read about whether they bought long positions or short positions). FIIs reduced their index & stock future long contracts & added short positions in index & stock future contracts. FIIs took long positions in index call as put contracts & reduced stock call & put contracts. DIIs (Mild Bullish): DII sold in cash for -215.2 Crores. DIIs have slightly added new positions in Index & stock future contracts. Heavily reduced positions in options contracts. PRO (Bearish): Pro traders have added short index & stock future contracts. Reduced option contracts in index & stock call contracts. Added option contacts in index & stock put contracts. CLIENT (Bearish): Retail/HNI added index & stock future contracts. Significantly reduced their index & stock call option contracts. Added index put contacts & reduced stock put long & short contracts. Shall we continue to expect high volatility in next few days? Shall we look for buy on dips or sell on rise opportunities? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Important levels and trade plan for Wednesday 24.08.22Nifty created a bullish piercing candle after the follow up candle of a bearish engulfing candle in daily time frame, Now theoretically, after forming the continuation candle of bearish engulfing one, it should continue its downtrend today, but Nifty actually formed this bullish piercing one which is again theoretically a type of reversal candle set to a downtrend. If we see, in daily time frame, may denote this upside move as the upside correction of the downtrend, and will consider the same up to 17850 level, above which will consider nifty to be bullish again. So for tomorrow, will consider nifty to be in bearish trend only, and will try to find major trend in downside, as we have major resistance levels above it, most important one is the diagonal trend line here plotted in colour blue, will go for bearish trade, for any downward price action below this line. Above this trend line, nifty after taking any support above this line, or after forming any price action may go for bullish trade. With resistance levels at 17767, 17854 and 17995. But in bullish trade we will have to be care full as it will be against the major trend, and may expect a reversal at any time. Now, we will be comfortable in taking bearish trade below 17783 level only, because below this level we will consider trend continuation, and may go for bearish trades aggressively, considering 17409, 17343, 17225, 17142 levels of importance. A zone between 17593 to 17483 will be the no trade zone for tomorrow. Importantly, option chain is showing some important changes, with some OI build up in PE side, compared to yesterday’s chart, with 17500 with highest OI in PE side followed by 17400, and in CE side 18000 with highest OI, followed almost equally by 17900 and 17600. Daily Central Pivot Range from 17546 to 17483 Weekly Central Pivot Range from 17851 to 17789 Monthly Central Pivot Range from 16886 to 16341 *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 23rd August, 5:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11