NIFTY-- RSI Divergence Is Negative??Nifty index is showing strong bullishness.
Price breaks the All time High again and printed a New High.
An Impulse move is identified but no corrective move detected, so those who wants to go long again,
wait for the price to retrace back.
wait for reversal in NIFTY index. Keep in long side as long as price in a channel.
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What RSI Divergence saying is::
If the stock is making new highs,
but the RSI starts making lower highs, this warns the price uptrend may be weakening.
This is negative divergence.
The trader can then determine if they want to exit the position or set a stop loss in case the price starts to decline.
Niftyintradaytradesetup
NIFTY 50 Analysis For Feb 21st!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 21st,
There Are Total of one Support Zones Which You Need To Look And To Be Mentioned One Grey Area And We Have one Imbalance Zone!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The NIFTY 50 For That Day.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY 22 FEB 2024 viewIf we look at derivative data
0.80% % DECREASE, with a 3.6% addition in open interest.
if we look at volume, there is a 23% rise compared to yesterdays volume
iv down by 4 points , pcr is at low point of week and IVP AT 89 percentile .
support now at 21930-21960 while after todays cool offnow 22250 -22280 likely to act as a resistance zone
NIFTY 50 Analysis For Feb 20th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 20th,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 3 Imbalance Zones!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue And Red Arrow Path Showing The Direction of The NIFTY 50 For Tomorrow.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY 50 Analysis For Feb 19th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 19th,
There Are Total of one Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And There Are 4 Imbalance Zones!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The Nifty 50.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY 50 Analysis For Feb 16th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 16th,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area.
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The Nifty 50 For Tomorrow.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY--Breakout or Breakdown??Nifty is now at important zone of resistance.
this is the place to continue its direction or reversal.
If you want to go for short, wait until the price breaks the trendline.
A strong bullishness is observed from 21500 levels, on bottom side side we have strong demand zones lies in the range of 21400-21300 levels...
if price breaks the trendline these demands push the price upside.
so wait for clear direction in nifty to short from this levels. Now its time to think for complete short side.
Yesterday a strong bullishness is observed if this is an exhaustion of buyers, after a complete range bound is observed. so its time to wait in nifty for Breakout or breakdown.
NIFTY 50 Analysis For Feb 15th!Hii,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 15th,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And One Resistance Became Support Zone.
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The Nifty 50. From The Imbalance Zones Expecting A Pullback And After That The Market Shoots UP!
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY--Drop Base Drop??Nifty showing strong bullishness from Golden Zone...
price is now at breakout level,
if price breaks above then liquidity on topside will done at 21880 and 21950 levels.
If price unable to breaks the upside...a Drop base drop is going to observe from this levels.
On bottom side we are left with bullish gap 21400 levels...
if price unable to break above price clears the bullish gap left below...
buy setup and sell setup are given in the previous post, please go through it.
If price tests the demand zones at 21300-21400 levels look for buy side.
NIFTY--@Traingle Breakout??NIFTY Index is now at golden zone of fibonacci
we are still left with some more points on the bottom side at 21500-21520 levels...
previously a strong bullishness is observed as well from this zone...
price is also trading narrow in a trendline most chances of breakout from this levels...
wait for the price to break the trendline and retest for longer side...
otherwise a continuation may happens...
on bottom side we have strong support lies at 21300 levels...
keep mark this zone as well,if it will continue downside will look for buy at 21300 levels...
price clears the liquidity at 21600 levels....
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#NIFTY Intraday Support and Resistance Levels -08/02/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21970 level and then possible upside rally up to 22090 level in today's session. in case nifty trades below 21920 level then the downside target can go up to the 21800 level.
NIFTY--Double Top or Inverse H&S ??Need some more trading sessions to analysis, to confirm upside or downside??
I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
#NIFTY Intraday Support and Resistance Levels -06/02/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21780 level and then possible upside rally up to 21900 level in today's session. in case nifty trades below 21750 level then the downside target can go up to the 21630 level.
NIFTY--Double Top??Nifty index is created a demand zone at bottom levels...
strong consolidation is observed today on top at Supply zone, liquidity grab is also done above the same supply zone...
if it forms a double top here it is likely to test the demand zones lies below 20800 levels
if it failed to make it, then a long continuation may again happens from 21300 levels....
keep safe from this zones.
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I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
NIFTY50_01FEB2024Prediction Next three months:
Level: Alert
Action: Accumulate funds for long term investment
Nifty50 seems at cautious levels. It seems like market was expecting a boost from interim budget with various schemes , specially for infra boost. Budget has a sufficient amount of fund allocation with continuation to growth and GDP figures achievement plans.
But this isnt enough for nifty to cross 22000 levels. Execution from companies need to be fast tracked. New players need to involve in market. Retail, Private and Public partnership could lead to further growth. Next boost is expected with three main expectations:
1) JPM's inclusion of Indian bond market (JUNE 2024)
2) FED and RBI cut in interest rates
3) Main budget after election.
Formation of current government again after election is already absorbed by market. Now if current government is not re-elected or elected with less majority compared to previous election, than it may lead to failure in market prospectus and a bigger correction upto 18800 levels may be seen.
For time being, expect a level of 20050 soon. Period of 1 FEB to 1 May is crucial.
Analysis for a Swing Position in Nifty.
Price has reacted to the Sourcre Daily Demand and has headed towards its Destination of Daily Supply.
This is the Demand and Supply Equilibrium Curve showing us the levels
As Traders we gotta Buy low and sell high
This is a Buy Trade with a substantial Reward to Risk Ratio.
NIFTY--Gapup or Gapdown??
Price is exactly closed at trendline resistance... which is also a strong resistance...
I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
Nifty--Consolidation or Bullish??After a strong Bearishness from the supply zone @21700 levels price gives us some retracement to enter again shortside...
If tomorrow price opens up try to be on short side from 21550-21500 levels for targets of 21000 levels.
Liquidity lies above these levels.
If consolidation happens at bottom levels then we have a chance of fallback to the bottom support at 21000 and 20800 levels be tested soon.keep in long from this levels. we have a chance of continuation down side possibility is more,trade with less quantity.
NIFTY--@Trendline Retest??Nifty broken the major trendline
In the previous sessions price is retested the same trendline and showing Bearishness from the supply zone.On bottom side strong demand zones lies at 20800 levels.
If this trendline acts as resistance we will observe a continuous Bearishness in nifty upto 20800 levels.
If we observe consolidation between 21700-21300, will expect a fall below 21300 and then have a rise again towards ATH.
Note:
If trendline failed to push down side, liquidity grab above the trendline will observe and a fall happens again.
Nifty positional making money.Monday intraday<>
Mild gap up or flat opening will be good to go longs and resistance should hit first before it takes support once again.
Huge gap down will be neglected the view.
IMPORTANT-20300-20500 gap will fill before budget or after the budget it may fill depending on financial news.
>Just follow the trend you will never be in loss.
>Don't predict before closing levels for traps.
>Wait for the retest level which will be secure
and can avoid huge losses.
>Profit bookings according to your capital %.
>Don't use indicator on daily basis as stop loss can hit easy.
NIFTY--Supply zone@21700 ??After a strong fall, expecting some retracement in nifty.
on topside supply zone is identified at 21650-21700 levels.
so liquidity is lies above and below this levels,
after testing these levels again have a chance of fallback to test the demand zones at 21300 levels and at 20800 levels.
If 21300 level fails to push it upside, quick drop and rise will see in coming sessions.
so this week mostly in this range 21700-21300 levels.
Be careful, long after 21700 short below 21300.
NIFTY--Breakout or Fakeout??Nifty is trending higher and higher...
Closing is given above the ATH again,
If this is a breakout, in the next session it will continue its momentum higher again.
If it is a fakeout,buyers trapped in today's bullish move.
If a retest to the previous ATH Is given,and continues, go long, otherwise keep in short side, below the channel again.