Nifty Next MoveNifty almost gave a massive down trend its likely a retracement and we can see its already brake a trend line liquidity we can expect 60 %retracement or full retracement as Extreme ob area we can expect buy area from these ob areas
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Niftyprediction
NIFTY INTRADAY LEVELS FOR 03/10/2024BUY ABOVE - 25860
SL - 25790
TARGETS - 25920,25980,26050
SELL BELOW - 25700
SL - 25790
TARGETS - 25610,25550,25490
NO TRADE ZONE - 25700 to 25860
Previous Day High - 25920
Previous Day Low - 25700
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
#NIFTY Intraday Support and Resistance Levels - 03/10/2024Expected flat opening in nifty or slightly gap down near 25750 level. After opening if nifty starts trading below 25750 level then possible sharp downside upto 25550 level. 25750-27850 zone is the consolidation area for the nifty. Any major upside rally only expected above 25850 level
#NIFTY Intraday Support and Resistance Levels - 01/10/2024NIFTY will open gap up in today's session. Expected opening near 26000 level. Possible reversal downside from this level upto 25850. In case, Nifty gives breakdown and starts trading below 25800 level then possible strong downside in today's session. Now upside rally only expected if nifty starts trading and sustain above 26050 level.
NIFTY INTRADAY LEVELS FOR 30/09/2024BUY ABOVE - 26250
SL - 26150
TARGETS - 26350,26460,26560
SELL BELOW - 26150
SL - 26250
TARGETS - 26050,25980,25920
NO TRADE ZONE - 26150 to 26250
Previous Day High - 26250
Previous Day Low - 26150
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
#NIFTY Intraday Support and Resistance Levels - 30/09/2024Gap up opening expected in nifty near 26280 level. After Opening if nifty started trading above 26300 level then possible strong upside rally of 150-200+ points. Downside possible below 26250 level. 26050 will act as a strong and important support for today's session. Major downside only expected below this level.
#NIFTY Intraday Support and Resistance Levels - 27/09/2024Gap up opening expected in nifty near 26300 level. After opening if nifty sustain above 26300 level then possible upside rally upto 26500+ level in today's session. Any downside only expected below 26250 level. 26050 level will act as an important downside support for nifty.
NIFTY INTRADAY ANALYSIS FOR 27/09/2024BUY ABOVE - 26250
SL - 26150
TARGETS - 26350,26460,26560
SELL BELOW - 26150
SL - 26250
TARGETS - 26050,25980,25920
NO TRADE ZONE - 26150 to 26250
Previous Day High - 26250
Previous Day Low - 25980
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 26/09/2024BUY ABOVE - 26050
SL - 25980
TARGETS - 26150,26250,26320
SELL BELOW - 25920
SL - 25980
TARGETS - 25860,25790,25700
NO TRADE ZONE - 25920 to 26050
Previous Day High - 26050
Previous Day Low - 25860
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
#NIFTY Intraday Support and Resistance Levels - 25/09/2024Flat opening expected in nifty. After opening it will face strong resistance in between zone of 25950-26000 level. Strong upside bullish rally expected in case nifty starts trading above 26000 level. Downside 25800 level will act as an important support for today's session. Any major downside only expected below this support level.
NIFTY INTRADAY LEVELS FOR 25/09/2024BUY ABOVE - 25950
SL - 25860
TARGETS - 26060,26160,26250
SELL BELOW - 25910
SL - 25980
TARGETS - 25860,25790,25700
NO TRADE ZONE - 25910 to 25980
Previous Day High - 25980
Previous Day Low - 25910
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
#NIFTY Intraday Support and Resistance Levels - 24/09/2024Today nifty will open near 25950 level. After opening it will face strong resistance in between zone of 25950-26000 level. Strong upside bullish rally expected in case nifty starts trading above 26000 level. Downside 25800 level will act as an important support for today's session. Any major downside only expected below this support level.
NIFTY INTRADAY LEVELS FOR 24/09/2024BUY ABOVE - 25950
SL - 25860
TARGETS - 26060,26160,26250
SELL BELOW - 25860
SL - 25950
TARGETS - 25790,25700,25610
NO TRADE ZONE - 25860 to 25950
Previous Day High - 25950
Previous Day Low - 25860
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
#NIFTY Intraday Support and Resistance Levels - 23/09/2024Today nifty will open gap up near 25950 level. After opening it will face strong resistance in between zone of 25950-26000 level. Strong upside bullish rally expected in case nifty starts trading above 26000 level. Downside 25800 level will act as an important support for today's session. Any major downside only expected below this support level.
Nifty Short, Medium & Long Term : 23-Sep-24 to 27-Sep-24Nifty Short, Medium & Long Term : 23-Sep-24 to 27-Sep-24
Nifty closed at 25790 (last week 25356) and touched low & high of 25292-25849 ( all time high)
Market touched new high last week , and broke the key resistance of 25545 provided last week decisively and also crossed Mid Term Resistance 25800 and settled at 25790 ( ( Target Line Provided)
Nifty bank 53797 ( Last week 51938) - As mentioned for last 1.5 months, Bank Index have target of 54000 in medium term ( Currently nearing the target) 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 (71% and 93% respectively). MACD crossed the Signal. 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 25790 Short term ( Short Term : Up)
Nifty short term resistance 25790 as shown in chart.
Support at 25000 , 24650 (Trend line support and Fib Resistance), & 24480 (Fib Support)
Medium Term next target is 26260 ( As shown in chart, The level is the difference between the Aug High and Aug Low from Aug High)- If it crosses 26260, Medium Term is UP. if it moves above decisively next target is 27000.
Medium term Support - 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 42204 (last week 43394) indices dipped to 37848 in Jun month, bounced back and reached all time high last week(43632). Later Dipped to 42204 due to profit booking. 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.