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Nifty Short, Medium & Long Term : 16-Dec-24 to 20-Dec-24Nifty Short, Medium & Long Term : 16-Dec-24 to 20-Dec-24 Nifty closed at 24677 (last week 4276) , for last 30-40 days nifty was in sideways movement. last week on the last day market touched 24200 and bounced back to 24677 . RSI at 60.37 ,Macd signal is more than MACD and in positive for last 2 weeks (after 2 months). But stochastics levels is sustaining above 90%, overbought position for the last 3 weeks. Buy call on dips was given last week. Market bounced back in the last day and near to key resistances. FII started buying, in positive for Dec month, however not full fledge buying, hence please filter the stock, diversify investment in equities with lesser risk stocks. However, SIP on stocks/ MFs always better at this critical time. Maharashtra election win and US acquittal of Adani in bribe crime is a positive news and definitely helped Indian market to sustain above 24000. Outgoing RBI governor didnt change the interest rate. Interest Rate reduction and Feb Budget is the key for the market to move above 26000 to next targets of 27000. I started adding the stocks and Mutual Funds during this downfall for the last two weeks and continue to buy if there is further fall. Use the opportunity and grab the good value stocks or invest in Mutual funds. Assume each parcel can be 5-7 % parcel of your total investment planned in the near term. Kindly read the Bitcoin Blog which i have written in Sep & Oct 24 with clear Indications to Buy with target of atleast 77000 and it touched 100,000 as Trump won the US Presidential election . Caution was emphasized on Nifty for last 4 months as nifty PE (Currently in22.8) was in high level with high valuation especially in Mid cap & Small Cap. PE touched 21.5 and bounced back. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period , further market correction can happen upto nifty index to 22800 from current level, Individual value stock picking is a key at this critical time. Fundamentally good stocks to be invested at these times. My Stock analysis of diwali recommendation from major financial agencies/ analyst and also some of the stock which is good as per my analysis will be provided upon request in comment section . Individual need to analyse on their own. Further additional fundamental good value stocks ( which i have analysed ) . Please note these are all not stock recommendation, rather an analysis. Individual Can analyse and add to your portfolio based on your risk profile. Nifty 24768 (PrevWeek 24677 ) Short term Nifty short term resistance at 24800 0.5 Fib Resistance, once crossed 25122 (0.618 Fib Resistance) and 25350( Shoulder Pattern) is the next target. Support at 24329, and 24199( Last week Low) and 24000 Medium Term next target is , if move up decisively above 25350, next target is 26268 ( all time high)and 26968 (1.618 Fib Resistance) Medium term Support 23265 ( Nov low),23000 and 22800 Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance). Support at 21240
NSE:NIFTY
by karthikss
BANKNIFTY Trade Setup for Wednesday (04-Wed-2024)Key Notes: Bank nifty swept previous day Buy Side Liquidity (BSL) indicating probable downfall, Price is under higher time frame (H4) Institutional reference levels Institutional references identified Bearish Order Block Bearish Mitigation Block Buy Side Liquidity (BSL) Bank Nifty Futures OI data indicating strong bullish bias Most Likely Bank nifty is going to give a strong breakout from institutional reference levels Morning Session price may open with strong gap up. If gap up is strong enough to break all the key levels, Entire day bullish view If gap up is held strongly by bearish order block, then price is going to take a sharp downfall. Those who carried shorts for delivery yesterday going to experience some pain today.
NSE:BANKNIFTYLong
by chartology369
Understanding ICT Classic Weekly Profile on BANKNIFTYICT weekly profiles are conceptual frameworks that describe typical patterns of price behavior during a trading week. Each ICT weekly profile has unique characteristics that can hint the traders in anticipating potential market movements. However, it is important to note that these profiles are not fixed predictions but rather frameworks to understand market tendencies and works with Higher Time Frame PD arrays confluences. ICT weekly profile is explained below with BANKNIFTY Chart analysis Classing Thursday High of Week (Bearish Setup) Key element to focus : Higher Time Frame Premium array (Weekly Buy Side Liquidity) for bearish setup Time Frames alignment : HTF --> W1 (PD Arrays) LTF ---> H4 (Market Structure) ETF --> M15 (Entry) Process : 1. Market offers Liquidity from Monday to Wednesday 2. Market seeks Liquidity on Thursday 3. Market rebalances on Friday
NSE:BANKNIFTYEducation
by chartology369
Banknifty Prediction for 28th November 2024Banknifty Prediction for 28th November 2024 Follow for more updates and information. From a technical perspective, the index continues to face resistance near the 52,600 level while finding strong support around the 50-day exponential moving average at 52,000. Key indicators and oscillators are aligning with the upward trend, suggesting a bullish outlook in the near term. If the Bank Nifty breaks above the critical resistance at 52,600, it is likely to move higher, targeting levels of 53,300 and 53,500.
NSE:BANKNIFTY
by ARROWINDEX
Nifty Bank Prediction for 26th November 2024Nifty Bank Prediction for 26th November 2024 Nifty bank moments for intraday and option trading. Bank Nifty opened higher at 52,046.35 on Monday, reaching an intraday high of 52,331.10 during the opening bell, marking a sharp intraday rally of approximately 1,000 points before closing at 52,207.50. This performance extended Friday's gains, driven by strong buying interest in PSU stocks, which saw the PSU index rise by 7% over the last two sessions. The rally was fueled by positive market sentiment following the BJP's victory in the Maharashtra elections. On the daily chart, Bank Nifty closed above the 50-day SMA with a gap-up opening, signaling short-term optimism. Looking ahead, the index has key support levels at 51,800 and 51,500, while resistance is anticipated around 52,600 and 53,000.
NSE:BANKNIFTY
by ARROWINDEX
Nifty Short, Medium & Long Term : 25-Nov-24 to 29-Nov-24Nifty Short, Medium & Long Term : 25-Nov-24 to 29-Nov-24 Nifty closed at 23907 (two weeks before 24141) and touched high & low of 24233-23265 RSI ,Macd and stochastics levels are still down at the bottom. Market bounced back from Trendline Support around 23250 and bounced back. But FII might continue to sell, hence please apply caution and let market move above the Ist & IInd short term target to buy in bulk. However, small SIP type buy in stocks/ MFs always better at this critica time. FIIs was continuously selling in Indian market due to valuation issues of Indian Stocks, rather FIIs invested in Bitcoin which lead to Extraordinary increase in Bitcoin vallue and nearing 100,000 $ post US Election. Maharashtra election results gave confidence to current govt and will ease the pressure with current govt and can take free decisions in upcoming budget. US indictment of Adani in bribe crime is a very bad issue and definitely it affects Adani Stocks and allied stocks. Example ITD Cementation is a great valued stock, but fell down drastically, as Adani was about to buy this company as per the news. Hence, avoid adani related stocks at present, as SEBI also might take action ( show cause notice/ Audit) on adani stocks. Slowly started adding the stocks and Mutual Funds during this downfall, will continue to buy if there is further fall. Use the opportunity and grab the good value stocks. Kindly read the Bitcoin Blog which i have written in Sep & Oct 24 with clear Indications to Buy with target of atleast 77000. Caution was emphasized on Nifty for last 4 months as nifty PE ( Currently 22) was in high level with high valuation especially in Mid cap & Small Cap. PE touched 21.5 and bounced back. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period , further market correction can happen upto nifty index to 22800 from current level, Individual value stock picking is a key at this critical time. Fundamentally good stocks to be invested at these times. My Stock analysis of diwali recommendation from major financial agencies/ analyst and also some of the stock which is good as per my analysis will be provided upon request. DM : karthik_ss ( Twitter) . Individual need to analyse on their own. Further additional fundamental good value stocks ( which i analysed ) are added now after this downfall. Please note these are all not stock recommendation, rather an analysis. Individual Can analyse and add to your portfolio based on your risk profile. Nifty 23907 Short term ( Short Term : Neutral) Nifty short term resistance Market to firmly cross 24500, 24767(0.5 Fib resistance) and 25122 ( 0.618 Fib resistance) to move ahead to 26000. Support at 23266 ( Last week Low), 23000 & 22800. Medium Term next target is 25335( Shoulder Pattern), if move up decisively above next target 26268 ( all time high), 26968 Medium term Support 22248. Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance). Support at 21240
NSE:NIFTY
by karthikss
BankNifty Support and Resistance Levels For 21st Nov 2024I’ve created a chart highlighting the key support and resistance levels for #BankNifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:BANKNIFTYLong
by Prabhu2020
FinNifty Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #FinNifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:FINNIFTY1!Long
by Prabhu2020
Sensex Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Sensex, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
BSE:SENSEXLong
by Prabhu2020
Nifty Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Nifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:NIFTYLong
by Prabhu2020
BankNifty Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Banknifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:BANKNIFTYLong
by Prabhu2020
Nifty Short, Medium & Long Term : 28-Oct-24 to 01-Nov-24Nifty Short, Medium & Long Term : 28-Oct-24 to 01-Nov-24 Nifty closed at 24192 (Last week 24854) and touched high & low of 25971-24197 RSI ,Macd and stochastics levels are down to the bottom. market Broke the key short term support at 24560 and went down. Last week Market was down as expected by more than 700 points but slightly recovered on last day of trading of the week similar to previous week. FII pulled out money and investing in China, Japan in Oct 2024. Indian Stock Valuation after Q2 results, Middle East tension are the reason for the fall. Caution was emphasized on Nifty for last 4 months as nifty PE ( Currently 22.8) is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high and advised those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Fundamentally good stocks to be invested at these time. My Stock Pick will be provided in this week. Nifty 24854 Short term ( Short Term : Neutral) Nifty short term resistance 24450 & 25365 Support at 24000, 23885 Medium Term next target is 25750 ( if move up decisively above next target is 25370), 26268 ( all time high), 26968 Medium term Support 22800. Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance). Support at 21900
NSE:NIFTY
by karthikss
Bank Nifty Long - Riding the Wave • Technical Analysis: • Trend Analysis: The Bank Nifty has been showing a robust upward trend, consistently forming higher highs and higher lows over the past month. • Support Levels: The index recently bounced off a significant support level, confirming strength in the ongoing trend. • Moving Averages: Bank Nifty is trading above both its 50-day and 200-day moving averages, a strong indicator of continued bullish momentum. • RSI & MACD: Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show bullish divergences, indicating that the upward movement has room to continue. The decision to go long on Bank Nifty was driven by strong technical signals and positive economic fundamentals. This position is intended to capitalize on the potential upward trajectory forecasted by both market sentiment and statistical indicators. I will be monitoring this position closely and plan to adjust my stop-loss and take profit points as the market evolves. #BankNifty #LongPosition #TradingView #MarketAnalysis
NSE:BANKNIFTYLong
by parthvparikh
Bank Nifty Long - Riding the Wave Last Friday, I initiated a long position on Bank Nifty, anticipating a bullish trend driven by a combination of positive economic indicators and sector-specific momentum. This analysis will break down the strategic reasoning behind this decision, supported by technical indicators and market sentiment. Trend Analysis: The Bank Nifty has been showing a robust upward trend, consistently forming higher highs and higher lows over the past month. • Support Levels: The index recently bounced off a significant support level, confirming strength in the ongoing trend. • Moving Averages: Bank Nifty is trading above both its 50-day and 200-day moving averages, a strong indicator of continued bullish momentum. • RSI & MACD: Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show bullish divergences, indicating that the upward movement has room to continue.
NSE:BANKNIFTYLong
by parthvparikh
BANKNIFTY Short Entry – BIG Targets Await!We’ve entered a short trade on BANKNIFTY based on a clear bearish signal at 51733.25. The setup looks strong, and we're now awaiting the targets to hit. Key Levels Entry: 51733.25 – Initiated as bearish momentum took hold. Stop-Loss (SL): 52155.40 – Positioned above the entry to manage risk. Take Profit 1 (TP1): 51211.50 – First target expected to be reached soon. Take Profit 2 (TP2): 50367.25 – Next key level to watch. Take Profit 3 (TP3): 49523.00 – Anticipating continued selling pressure to hit this target. Take Profit 4 (TP4): 49001.25 – The ultimate target in this short trade. Trend Analysis The price is moving decisively below the Risological Dotted Trendline, confirming a strong downtrend. All indicators suggest that the targets are within reach as selling pressure builds. This is going to be a high profit trade if it works out as per the chart. But, let's be ready for rude surprises and have the trailing stop at 51,748 in worst case scenario.
NSE:BANKNIFTYShort
by ProfitsNinja
Bank Nifty Mastery: Capitalizing on Volatility for Quick ProfitsToday’s trade exemplifies how strategic timing and keen market insights can turn volatility into opportunity. Leveraging technical analysis and precise risk management, we navigated the swings to secure a tidy profit in Bank Nifty. Dive into the details of our setup and execution strategy—perfect for traders looking to refine their approach in a dynamic market! This caption is designed to attract attention, summarize the trade’s success, and invite other traders to explore your analysis further.
NSE:NIFTYLong
by parthvparikh
BankNifty Drops! TP1 Hit as Short Trade Gains MomentumOn 17th October, BankNifty presented an opportunity for a short trade following an indecisive first 15-minute candle. The second 15-minute candle provided a clear bearish signal, prompting us to enter the short position at 51615.15. The price has already reached Take Profit 1 (TP1), confirming the initial strength of the bearish move. Key Levels Entry: 51615.15 – The short trade was initiated here after confirming the bearish momentum. Stop-Loss (SL): 51823.35 – Positioned above recent resistance to protect against potential reversals. Take Profit 1 (TP1): 51357.75 – Already achieved, indicating a successful start to the trade. Take Profit 2 (TP2): 50941.30 – The next target as the downward momentum continues. Take Profit 3 (TP3): 50524.85 – A further downside target if selling pressure holds. Take Profit 4 (TP4): 50267.45 – The ultimate target, signaling a significant decline if the trend persists. Trend Analysis The price has moved below the Risological Dotted trendline, confirming a strong bearish trend. With TP1 already hit, further downside movement appears likely as sellers remain in control. The short trade on BankNifty has made a solid start, with TP1 at 51357.75 already reached. The bearish trend suggests that the next targets could be met as momentum remains in favor of the sellers.
NSE:BANKNIFTYShort
by ProfitsNinja
Nifty Short, Medium & Long Term : 14-Oct-24 to 18-Oct-24Nifty Short, Medium & Long Term : 14-Oct-24 to 18-Oct-24 Nifty closed at 24964 ( Last Week 25011 ) and touched high & low of 25277-24708 Last week Market was marginally down and settled down due to middle east tension and profit booking. FII pulled out money and invested in China ( China market surged last week). Market touched new high 2 weeks before and touched all time high of Mid Term Resistance 26260. Nifty Bank 51712 (last week 51462), touched the target of 54000 as proposed 2 months before (54400 all time high) and support at 49900. Buy on dips. RSI ,Macd and stochastics levels are down. Caution to be emphasized as still further room to go down. Q2 results, Global news( US Election results and Relaxation of middle east tension) awaited which will pave way for more clearer path in market. Nifty 24964 Short term ( Short Term : Down) Nifty short term resistance 25376 & 25675 . Support at 24814 ( 0.618 Fib Retracement) Medium Term next target is 26266 & if move up decisively above next target is 27000 Medium term Support 24800, 24470 (Trend line support and Fib Resistance) and 24257 (Fib Support) and 24000. Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800 US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year. Caution was emphasized on Nifty for last 3 months as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank. Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 42335 (last week 41912) indices increased last week, Q2 results will pave way for the clear direction.
NSE:NIFTYShort
by karthikss
1
HDFC Bank in a Bearish Momentum: Key Resistance and Support ZoneHDFC Bank in a Bearish Momentum: Key Resistance and Support Zones NSE:HDFCBANK is currently exhibiting a negative trend, facing downward pressure near key levels: Resistance Zones: 1706 / 1716 / 1726 – These levels could act as significant barriers, with potential sell-offs if the stock fails to breach these zones. Short-Term Support Levels: 1645 / 1595 – A break below these support zones could accelerate the downside move, signaling further weakness in the stock. As market volatility increases, it’s crucial to observe price action around these levels to anticipate the next move. Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is solely for educational purposes. Please do your own research and consult a financial advisor before making any trading decisions.
NSE:HDFCBANK
by Fight_Bulls_vs_Bear
1
Nifty Short, Medium & Long Term : 30-Sep-24 to 04-Oct-24Nifty Short, Medium & Long Term : 30-Sep-24 to 04-Oct-24 Nifty closed at 26179 (last week 25790 ) and touched low & high of 25839-26285 ( all time high) Market touched new high last week , and broke the key resistance of 26000 provided last week decisively and also crossed another Mid Term Resistance 26260 settled down at 26179( As shown in chart, The level is the difference between the Aug High and Aug Low from Aug High)- If it crosses 26260 again decisively, Medium Term is UP. if it moves above decisively next target is 27000 in short term. Nifty Bank 53834, touched the target of 54000 as proposed 2 months before ( 54400 all time high last week) and support at 49900. Fed Rate Cut by 0.5% made the global market up and triggered increase in Indian Market. FPI invested 4 Billion $ in Sep till date. RSI and stochastics levels moved up last week (76% and 93.59% respectively). MACD crossed the Signal and maintain uo. RSI and MACD shows market will go up further. Caution to be emphasized as Stochastics at overbought level. Q2 results awaited which will pave way for more clearer path in market. Nifty 26179 Short term ( Short Term : Up) Nifty short term resistance 26266 as shown in chart. Support at 25800, 25217, 25000 Medium Term next target is 27000 if move up decisively above 26266. Medium term Support 24650 (Trend line support and Fib Resistance), 24480 (Fib Support) and 24000. Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800 US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year. US President Election result scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. RBI in India expected to reduce rate from end of this year. Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank. Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 42312 (last week 42204) indices dipped to 37848 in Jun month, bounced back and reached all time high last week(43632). Later Dipped to 41660 due to profit booking and again started moving up. Recovery of US stock market & awaiting FED rate cut expectation decision pushed the US stocks up and followed by Nifty IT Index last week. NIfty IT is less than SMA 21 level, need clear direction and Q2 results will pave way for the clear direction.
NSE:NIFTY
by karthikss