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Niftylevels

Head and Shoulders kind of pattern formed on Nifty hourly chart.Head and Shoulders kind of pattern formed on Nifty hourly chart which is not a very good indication for rest of the week. Only saving grace which can support Nifty in this scenario is a trend line and Mid-Channel support which are in the zone of 22302 and 22255. If 22255 is broken and we get a closing below it tomorrow or the day after H&S Break down will be confirmed and further down side can not be ruled out. In such a scenario Nifty might have support near 22129, 22077 (200 Hours EMA) and finally 22018. If by chance 22018 is broken on closing we might see further down side upto 21800 which seems to be the channel bottom. If H&S is not confirmed tomorrow or the day after and we receive good inflation data from upcoming India and US inflation data the resistances on the upper side will be at 22344, 22410, 22462 and finally 22523. Nifty is delicately placed near mid channel and trend line support. Very interesting week ahead. Flavour of the week, month or the quarter is going to be Large Cap stocks.
NSE:NIFTY
by Happy_Candles_Investment
1
Nifty showing strong undercurrent of positive bias. Although various local and global Micro news and trends were indicative of Nifty rally fizzling out or making a top a strong undercurrent due to strong Macro factors is continuously providing undercurrent of positive bias to the Nifty and it keeps bouncing after every attempt to sell off. It will be interesting to see how much the Bull-Run can sustain further with elections and pre-election buzz starting to make itself more and more visible. Nifty supports remain at: 22436, 22325, 22263, 22129 and finally 22018. Nifty Resistances will be near: 22523, 22688 and finally 22854 which looks like a top of the current channel.
NSE:NIFTYLong
by Happy_Candles_Investment
Navigating Volatility: Positional Strategies for MarchWork religiously irrespective of temporary failures, have risk management systems in place As a seasoned derivatives trader with over a decade of experience, I find myself continuously drawn to the dynamic nature of the market. Inspired by familial ties and fueled by a passion for challenge, my journey into this realm began with humble internships and has evolved into a successful career within reputable broking firms. Today, I stand firm in my enthusiasm for derivatives, where each trading session offers renewed excitement and abundant opportunities for growth. Futures and options are highly volatile so one should not assume that they know everything from day one. My journey has seen a fair amount of ups and downs, but it has all been a great learning experience at the end of the day. The most important thing is that I have been willing to learn something new every day. I also make sure to have risk management systems in place before taking a position. This makes losses bearable and the victories more joyous. Advice to women who want financial freedom and are very excited to enter the derivative field? Continue working your way religiously irrespective of temporary failures. Maintain discipline and do a lot of preparation before entering the markets. Learn to embrace the fact that one bad day or one wrong trade does not define the rest of the year, if you have been disciplined. Expect the Nifty 50 climbing above 23,000 in March after reading options data? As per my analysis, I was looking at Nifty targets till 22,500 – 22,800 first. Any further correction or upside will be re-evaluated then. Top two positional bets for March and why? Since volatility is at its peak now, a good balance approach is important. Hence, my first pick would be as a defence play: Buy Dabur India with a support at Rs 525-520 zones and look for upside targets till Rs 585/600. Buy Glenmark Pharma with a support of Rs 920 and target of Rs 1,020/1,035. Nifty or Bank Nifty strategy for next week? FIIs net long position as on date is at 40 percent, which is quite steady. If it crosses 45 percent, then a strong short covering rally can come which will propel markets to a new highs and Nifty can test 23,000. Bank Nifty is also on a strong momentum and can move towards 49,500/50,000 zones from here. We have been recommending largecap private banks and PSUs to our clients on a regular basis, and I still feel Axis Bank and SBI can see further meaningful upside from here in the March series. The other sectors participating strongly now are chemicals, FMCG, technology, energy. So, I retain my view to go long in Tata Power, Reliance Industries, SRF, GNFC, Infosys, and Birlasoft. For option traders, Bull Call spread on Nifty monthly expiry with 22,500 CE buy and 23,100 CE sell can be done (do not forget to keep stop losses as per risk appetite). A Bull Call spread comprises buying one Call option with a lower strike price and simultaneously selling a Call option with a higher strike price. Risk Management: Stop Loss: Implementing a stop-loss strategy to mitigate potential losses in case of adverse market movements. Position Sizing: Adhering to proper position sizing principles to ensure risk is managed effectively and in line with overall portfolio objectives. Conclusion: In conclusion, my journey into derivatives has been marked by challenges, opportunities, and unwavering passion. As I continue to navigate the intricacies of this dynamic realm, I remain committed to embracing the unpredictability of each trading day, knowing that therein lies the potential for continued success and growth. Disclaimer: This trade idea is for educational purposes only and should not be construed as financial advice. Traders should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYLong
by khushaljain023
2
NIFTY--Keylevels @BASE??NIFTY INDEX is at crucial support at trendline... after a long time consolidation, price moves upside. DROP BASE DROP is observed previously... BASE acts as resistance it will fall back to below demand zones... we have a strong demand zone lies at 21700 levels... so tomorrow we have to observe this base bottom is pushing the price downside or not... by observing this we can decide further movement in NIFTY Index. ----------------------------------------------------------------------------------------------------- On the other hand, if price consolidate between base high to base low.. if price breaks the high and retest to base high, then will go for long side continuation up to 22500 levels. Then will observe a inverse head and shoulders pattern in NIFTY INDEX to go long.
NSE:NIFTY
by IIT-Trader
39
In-Depth Analysis of Nifty Market Trends and Future PredictionsMarket Analysis Overview: In this comprehensive analysis, we delve into various indicators and market dynamics to provide insights into the current and future state of the Nifty market. By examining key factors such as Dow Zone, SJX Nifty, trading volumes, option chain data, and the behavior of different market participants, we aim to uncover potential trends and opportunities for traders. Key Points: Market Trends and Predictions: Anticipation of a decline in the Dow Zone and SJX Nifty signals a cautious market sentiment. Significant shopping activities, totaling Rs 1834 crore, indicate investor interest, but underlying secrets within this data require closer examination. Heavy call writing observed at the 22300, 22400 level, while substantial put writing at the 22300, 22000 level suggests a range-bound market. PCR ratio of 1.15 and India VIX indicate mixed sentiment, with potential for both upside and downside movements. Nifty's side suggests volatility, with the market oscillating between positive and negative territory. Current Market Position: Nifty market is currently trending at 22301, with a pivot level identified at 22376. Buy reversal level stands at 22355.8, while the sell reversal level is at 22392. Breakout level to watch for is at 22418, whereas the breakdown level is at 22337. Potential Targets: Lower side targets are identified at 22316 or 22307, offering potential support levels. Upper side targets stand at 22432 or 22440, indicating potential resistance levels. Trading Strategy: Based on the provided levels and targets, traders can formulate their strategies as follows: Long positions can be considered near the buy reversal level (22355.8) with targets at 22432 or 22440. Short positions may be initiated close to the sell reversal level (22392) with targets at 22316 or 22307. Traders should closely monitor breakout and breakdown levels (22418 and 22337, respectively) for potential trend confirmation and adjust their positions accordingly. Continuous testing and confirmation of support levels crucial for sustaining positive momentum. Market's ability to maintain above key levels essential for retesting lifetime highs and avoiding breakdowns. Expiry Dynamics: With Nifty expiry approaching, attention shifts to identifying key levels and zones. Bottom zone creation indicates potential for market recovery, contingent upon successful testing of support levels. Retailer, DI, and AI Strategies: Analysis of retailer, DI, and AI positions reveals shifting market dynamics. Retailers predominantly taking long positions, while DI shows significant purchasing activity, influencing market sentiment and direction. Conclusion: In conclusion, the Nifty market presents a mix of opportunities and challenges, influenced by various factors including global cues, trading volumes, and investor sentiment. By carefully analyzing technical indicators, option chain data, and the behavior of different market participants, traders can better navigate the market and capitalize on emerging trends and opportunities. Note: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own research and analysis before making any investment decisions.
NSE:NIFTYShort
by khushaljain023
3
Nifty moving in squeezing between two trend lines. As you can see from the chart Nifty is continuously making higher highs and higher lows. There is a trend line 1 which is continuously supporting the Nifty. There is another trendline 2 which stops the Nifty while it is growing. As of now the trend is normal bullish within the trend line but if the trend line is broken on either side we will have a decisive move. As of now Supports for Nifty are at: 22357, 22293, 22207, 22061 and finally 21947. As of now Nifty Resistances are at: 22433 (Strong Trend line resistance), 22469, 22512, 22604 and trend top resistance near 22719.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Trendline Holds or Breaks??Nifty index is showing strong bearish pressure from the 22200 levels. A drop base drop is done. Price tested the demand zones at 21960 levels . now it is ready to move again or fall back to below trendline to grab the liquidity. On bottom side, strong support at 21800 levels with an intersection point at trendline... this is likely to push the price upwards.... If price breaks the trendline an observation point of resistance at 22100-22150 level is the strong resistance to push the price downwards. If consolidation is observed above this levels leads to an breakout above 22300 levels for the targets likely to be 22500 followed by 22600 levels by keeping the SL at 22100-22150 levels. If price falls from 22100-22150 levels, it will consolidate on bottom side to test the 21300 levels of support and will likely to continue to bottom side. this is the crucial place to observe in NIFTY To continuation or Bearish??
NSE:NIFTY
by IIT-Trader
44
Nifty took support at the trendline+200 EMA support as expectedAs it was expected and depicted in our message yesterday Nifty took support at the trendline+200 EMA support making a low of 21860 and closing at 21982 making a high of 22060. We had mentioned as 22053 as resistance in case of bounce. The resistance of Mother line, 50 EMA forced the Nifty down again.(As shown in the encircled portion in the chart). This is how Technical analysis works and helps us with market and related predictions. Future supports for Nifty: 21860, 21872 (200 Hours EMA), 21824 and 21674. Future Resistance for Nifty: 22056 (50 Hours EMA), 22152 and 22229.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY--Drop Base Drop or Bullish??Nifty index is still in consolidation zone... We have a chance of drop base drop.Keep in long side as long as price is in channel. even though it is drop base drop we have to wait for clear short side confirmation,wait until the price breaks the trendline and retest for shortside.. we have a lot of liquidity lies below,we can enter long again on bottom side if we find any possibilities.It may continue to moving down chances are more. so keep safe manipulation moves may appear,this is the place for manipulation. we have a clear demand zone lies at 21960 levels. If demand zone failed to push the price upside, then will think of complete short side, below 21600 levels.
NSE:NIFTY
by IIT-Trader
21
50 EMA giving proper support to Nifty again.Today again we saw benevolence of Mother line (50 hours EMA) coming to fore and supporting Nifty giving it support to close well in the green. If Nifty can close above a strong resistance of 22218 there are good chances of Nifty again reaching previous high of 22295 or even cross it and go towards new high of 22364. Supports for Nifty remain at 22110 and 22105 (Strong support Zone). If this support is broken the Nifty can fall to 21970, 21885 or even channel bottom and 200 Hours EMA (Father line near 21853).
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Consolidation or Bearish??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
NSE:NIFTY
by IIT-Trader
32
NIFTY 50 Analysis For Feb 26th!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 26th!, 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 2 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 That Day. Note : Those Levels Are For That Particular Day Only. 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.
NSE:NIFTY
by SuccessStrikes
1
Nifty50 Daily Chart Analysis as of February 23, 2024 Nifty50 Daily Chart Analysis as of February 23, 2024 Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions. Overall: The Nifty 50 closed at 22,213 on February 23, 2024, marginally down by 0.02% from the previous day's close. Despite the minor dip, the index has been on an upward trajectory since February 19th, gaining around 1.3% in the last five days. This positive movement suggests a potential bullish trend, supported by a healthy recovery from the 21-day EMA and higher highs formation. Key Technical Indicators / Technical Analysis: The Nifty 50 is in an overall uptrend. Moving Averages: The Nifty 50 is currently trading above its 50-day and 200-day moving averages, indicating a possible uptrend in the near future. Relative Strength Index (RSI): The RSI is currently at 53.8, indicating that the index is neither overbought nor oversold. This suggests that there could be further upside potential. MACD: The MACD is currently above the signal line, indicating a bullish momentum. The MACD indicator is positive, indicating a potential continuation of the uptrend in the medium to long term. The Nifty 50 is currently trading above its 20-day and 50-day exponential moving averages (EMAs), indicating a bullish trend. Key observations: The Nifty has been following a trendline since January 20, 2024, suggesting a potential upside. The 22,150-22,200 range remains a major resistance zone, while 21,000 is a crucial support level. A breach above 22,300 could lead to further gains towards 22,500 and 22,600. Support and Resistance Levels: Immediate Resistance: The immediate hurdle for the Nifty 50 is seen at 22,300, followed by 22,500. Immediate Support: The immediate support is at 22,000, with a crucial level at 21,875, which coincides with the 20-day EMA and Thursday's low. Expert Opinions: Several technical analysts believe that the Nifty 50 has formed a bullish reversal pattern on the daily chart, suggesting a potential move above 22,500. However, some experts caution that the 22,300 level could be a significant short-term obstacle and recommend waiting for a confirmation breakout before taking any aggressive positions. Overall, the technical analysis of the Nifty 50 Daily Chart as of February 23, 2024, suggests a cautiously optimistic outlook. While the index faces some immediate hurdles, the overall trend appears to be bullish. Investors should carefully consider their risk tolerance and investment goals before making any trading decisions. Important to remember: This information is based on past data and should not be considered financial advice. Market conditions can change rapidly, and it is important to do your own research before making any investment decisions. I hope this information is helpful. Please let me know if you have any other questions. Disclaimer: I am not a financial advisor and this information should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions. Happy learning with trading. Cheers!🥂
NSE:NIFTYLong
by mayurdhagiya
NIFTY 50 Analysis For Feb 23rd!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 23rd, There Are Total of 3 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 Arrow Path Showing The Direction of The NIFTY 50 For That Day. Note : Those Levels Are For That Particular Day Only. 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.
NSE:NIFTYLong
by SuccessStrikes
1
Nifty closing above 22200 is a good psychological win of BullsDespite giving a red candle and negative closing of Nifty after making a new high of 22297.5 the closing the week above 22200 is a good psychological win of Bulls. This indicates that the rally has not lost steam. Profit booking was seen in a lot of scripts which brought the index down however the psychological level of 22200 was not broken. The supports for Nifty are at 22002, 21882, 21596 to 21547 is a very strong support zone for Nifty now. The resistances on the upper side for Nifty are at 22249 and 22297. The channel top currently seems to be near 22514.
NSE:NIFTYLong
by Happy_Candles_Investment
Bulls fightback after bears had engulfed previous day's candle.What we saw today in Nifty was a remarkable fight back by bulls after bears had yesterday made an engulfing of previous Two days candled. Not only that the Nifty ended at 22217 recovering from day's low of 21875 which is a strong 342 point recovery from day's lows. Yesterday there was a bearish engulfing but what we had maintained is that today's candle has to close below the lows of yesterday. This means a follow up candle is required to confirm a break out or a break down. That is why we put a lot of emphasis on CLOSING and FOLLOW UP CANDLE. . Nifty has first time given a closing above 22200 today and it is very important for the bulls to close the week tomorrow above this psychological level. Future resistances for Nifty are at: 22252, 22350 and 22412. Support Levels for Nifty are near: 21997, 21876 and 21520.
NSE:NIFTY
by Happy_Candles_Investment
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. ---------------------------------------------------------------------------------------- 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.
NSE:NIFTY
by IIT-Trader
18
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.
NSE:NIFTYLong
by SuccessStrikes
1
Bearish Engulfing Candle may take Nifty down.Bearish Engulfing Candle engulfed previous two Green Candle in Nifty chart today and may take Nifty down bringing in some consolidation and correction if we get a confirmation red candle tomorrow. If we get a closing below 21997 tomorrow bears may rejoice. The supports for Nifty in case of negative closing tomorrow will be at 21997, 21793, The zone between 21573 and 21410 has many supports including 50 days EMA and Mid-channel support. A closing below 21410 will elevate the mood of bears who will try to pull Nifty further down to next support levels of 21148 and 20770. In case 20770 is broken 200 days support of Nifty will be near 20114. On the upper side 22449 will remain an important resistance. Channel top seems to be near 23K but Nifty will need a lot of consolidation and little bit of correction before we can reach there.
NSE:NIFTY
by Happy_Candles_Investment
Nifty closed above important Fibonacci level looks good.A good closing today in Nifty above important Fibonacci level of 22126. Now the next important Fibonacci resistances will be 22288 and 22495. Supports for Nifty will be 21999, 21828 and 21671. As of now Nifty seems to be making a higher high higher low kind of pattern and today seems to have given a good breakout but good follow up candle is pending. If we can get that a good follow up green candle tomorrow or later in the week if there is consolidation it will be very good signal for the bull rally and indicate that bull rally has not run out of steam and will continue further. IT/Auto/Mid/Small cap/ PSU/Pharma stocks are showing signs of fatigue but Bank Nifty, Finance, Energy, Media and Realty stocks kept the Nifty in Green today and helped it march ahead.
NSE:NIFTYLong
by Happy_Candles_Investment