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Niftyintradaylevels

NIFTY--Bullish or Bearish ??After a strong bullish gap...price reversed and entire day is trading in a bullish channel... at the end of the session broken the channel and retested... It has broken the trendline as well... so tomorrow opening is very important for us...to be bullish or bearish... If opens down and continue will enter short side on retracement... or opens down and unable to break high then also be on the short side... If opens up and gives us retracement will be on buy side...up to 19500 levels... After down opening if price consolidates mean...break down happens...we have bullish gap left below... Keep safe
NSE:NIFTY
by IIT-Trader
15
NIFTY--Retracement to trendline??Key level of resistance, (broken trendline and retested candle)... if the index further wants to fall again this has to push the downside... so keep an eye at this level... It may again have a chance of test the above level of resistance... keep look at these 2 levels... After a breakdown price is giving us some retracement...look for sell in this area... if breaks above it may clears the liquidity above 19650 levels.... keep safe at this place...without confirmation don't go for any positions...
NSE:NIFTY
by IIT-Trader
2
NIFTY--Liquidity @19650 and @19300 ??Nifty index price is turned to be bearish from a ranging... now the price is near to its bullish gap... If this acts as support and trendline breaks price is said to be bullish again... clears the liquidity @19600-19650 levels... be on bearish side until price breaks trendline... If trendline breaks keep on buy side up to 19550 and 19600 levels. Keep safe before short side...as it is on important level of support @19300 levels. If price is continue to be bearish then we have a another bullish gap + Demand is located @19150 levels... before going down it may clears the liquidity on top side...keep safe... Totally Ranging from 19650-19150 levels.
NSE:NIFTY
by IIT-Trader
1
NIFTY--Liquidity lies @19300 ??The nifty Index, after a strong fall price is given us 50%-60% retracement in Fibonacci. if tomorrow price wants to fall this is the area that can push the price lower. the previous resistance acts as support and price moved up again.. Don't go for short side if price breaks the low.... there is an another zone, that can immediately push the price up to trendline. don't fall in trap here. It gives retracement again then look for sell.. until keep watch the show. mean while price creates a trendline this area.... look for sell at that for proper targets on down side. Look for buy on bottom side...after the break of trendline and retest up to 20K. all the liquidity lies on these lows...that will break and reverses immediately. Tomorrow again price enters into the consolidation zone....it will not gives us any movement.. slowly moves up and down. No proper direction. option sellers have a chance to grab this. so keep safe. Thank you guys for your support.
NSE:NIFTY
by IIT-Trader
10
Nifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPickNifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19646 ( 19745) and touched low & high of 19572 and 19871. Nifty long call was given Three week back (at 19250) and touched all time high 19996 RSI and Stochastic level dipped to 60 % & 48%. Nifty- In Short term might increase Resistance at 20000, Support at 19500 ( Shown in thick red support line) Nifty Medium Term - Above 20000 it will take it to 20100-20150-in Medium term. Nifty support at 19300/19000 Can initiate sell around 20000-20150 ( Fibonacci 1.618 level) Long term- Q1 results are average for majority stocks except Bank stocks so far & to review the Q2 results. Stock specific approach needed in upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Can add CIE Automotive (RS 473.5 ) and AXIS Bank (950) in their portfolio with Medium term outlook - 30-Jul-23 HDFC Bank , L&T Tech ( 8% up), KPIT , PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (16 %), Route Mobile, Bank of Maharashtra ( 25 %), Andhra Paper(3%) Accelya Solutions Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss