#NIFTY Intraday Support and Resistance Levels -15/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22170 level and then possible upside rally up to 22290 level in today's session. in case nifty trades below 22130 level then the downside target can go up to the 22010 level.
Niftyprediction
Nifty Intraday Trade Setup for 14 March , 2024Yesterday, the Nifty 50 index experienced a free fall. The question is whether this downward trend will continue today, especially on expiry day. Every day in the stock market is unique, and to succeed as traders, we must avoid being biased by previous movements. It's crucial to follow the levels.
Currently, the Nifty is trading flat, suggesting a higher likelihood of a flat opening today.
Intraday Range: 22,050 to 21,900
Long above 22,050 for the target of 22,120/22,150
Short below 21,900, and its target is 21,860/21800
Reversal Broadening Wedge pattern in Nifty 50 indexNIFTY 50 INDEX
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Nifty Index Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 22600+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this nifty index can gives strong upside rally upto Above 23150+.
📈 Can Go Long in this nifty index by placing a stop loss Below 21650-.
NIFTY INTRADAY LEVELS FOR 14/03/2024BUY - 21980
SL - 21900
TARGETS - 22060,22120,22170
SELL - 21900
SL - 21980
TARGETS - 21850,21800,21760
NO TRADE ZONE - 21900 to 21980
Previous Day High - 22440
Previous Day Low - 21900
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 -14/03/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21930 level and then possible downside rally up to 21810 in today's session. in case nifty trades above 22000 level then the upside target can go up to the 22120 level.
NIFTY Prediction for tomorrow 11 Mar (Monday)Hello traders, As we discussed in our last analysis, the market took resistance from the Resistance zone, and the result was sideways.
If we look at the chart data now:
The market is taking resistance at the resistance trendline (Why this resistance looks like my last bank nifty analysis). The market is taking support at 22430. the market has touched this trendline multiple times, which makes it easier to break to the upside.
If we look at the OI data:
PCR = 1.11 shows a bullish market structure. If we look at the CE and PE activity, there is a huge amount of CE and PE writing on both sides. That indicates the market is going to be sideways. 22500 is Max-Pain.
FII and DII data do not show much of the information except that the market might open a small gap-down.
I am expecting the market to get consolidated.
Case 1: Market is sideways in orange region.
Case 2: Market breaks to upside till 22650. (Fib 1.414)
Reasons:
Price > EMA indicates the bullish nature of the market. but price >> ema(200) shows market need some reversion.
Price taking resistance at resistance trendline. (Sideways)
RSI is 40-60, showing a sideways market structure. If it breaks 60 to the upside. The market can give targets till 22650, which is also the Fib 1.414 level.
PCR = 1.11 (1.34 to 1.11) shows Bears are actively adding positions, which might force the market to be sideways. (Sideways)
Verdict: Sideways or Bullish
Plan of action:
Case 1: Short straddle 22500 (Hedge with 20 premium)
Case 2: Sell 22500 PE (Hedge with 20 premium PE)
NIFTY--Liquidity lies @Double Bottom??Nifty index is showing straight forward bullishness from the keylevel @from BASE high.
Price observed a rally base rally from 21500 levels to 22500 levels.
Trendline is also acts as support,to push the price.
Now A Lot of liquidity is lies below the trendline and as well as below the double bottom levels at 21800 levels,and also we have a strong demand zone lies at 21700 levels.Price has to test these levels again for further move in Nifty INDEX.
Will update all the information accordingly to reach for these levels.
#NIFTY Intraday Support and Resistance Levels -13/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22340 level and then possible upside rally up to 22460 level in today's session. in case nifty trades below 22310 level then the downside target can go up to the 22190 level.
NIFTY INTRADAY LEVELS FOR 13/03/2024BUY ABOVE - 22390
SL - 22350
TARGETS - 22440,22520,22580
SELL BELOW - 22310
SL - 22350
TARGETS - 22270,22230,22170
NO TRADE ZONE - 22310 to 22390
Previous Day High - 22440
Previous Day Low - 22270
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 👍
All INDEX key levels for March 12, 2024 #Nifty #BankNifty Stay ahead of the curve with our daily Bank Nifty key levels!
All INDEX key levels for March 12, 2024
Overview:
Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the fall of 300 points in BankNifty
Here are the key levels to watch for potential entry and exit points in NSE:BANKNIFTY
Resistance Levels:
- Refer the Red line on the chart
Support Levels:
- Refer the Green line on the chart
Trading Strategy:
- Long Position:
Consider initiating long positions near support levels only after reversal confirmation for potential upside movement.
- Short Position:
Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement.
Risk Management:
- Always use stop-loss orders to protect against adverse market movements.
- Consider position sizing based on risk tolerance and account equity.
Disclaimer:
These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Thanks
NIFTY INYTRADAY LEVELS FOR 12/03/2024BUY ABOVE - 22430
SL - 22380
TARGETS - 22470,22520,22580
SELL BELOW - 22350
SL - 22380
TARGETS - 22310,22270,22230
NO TRADE ZONE - 22310 to 22380
Previous Day High - 22520
Previous Day Low - 22310
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 -12/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22340 level and then possible upside rally up to 22460 level in today's session. in case nifty trades below 22300 level then the downside target can go up to the 22180 level.
NIFTY INTRADAY LEVELS FOR 11/03/2024BUY ABOVE - 22520
SL - 22500
TARGETS - 22580,22650,22700
SELL BELOW - 22470
SL - 22500
TARGETS - 22430,22380,22350
NO TRADE ZONE - 22470 to 22520
Previous Day High - 22520
Previous Day Low - 22430
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 -11/03/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 22450 level and then possible downside rally up to 22330 in today's session. in case nifty trades above 22520 level then the upside target can go up to the 22640 level.
NIFTY INTRADAY LEVELS FOR 07/03/2024BUY ABOVE - 22500
SL - 22430
TARGETS - 22580,22650,22700
SELL BELOW - 22430
SL - 22500
TARGETS - 22380,22350,22310
NO TRADE ZONE - 22430 to 22500
Previous Day High - 22500
Previous Day Low - 22230
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 -07/03/2024
Nifty will be gap up opening in today's session. After opening nifty sustain above 22500 level and then possible upside rally up to 22620 level in today's session. in case nifty trades below 22450 level then the downside target can go up to the 22330 level.
Nifty important levels and trade plan for Thursday, 7th MarchNifty important levels and trade plan for Thursday, 7th March
In daily time frame Nifty is in uptrend, and for tomorrow, we will look for mainly bullish trades, as there are plenty of support levels too. However, we may enter into bearish trades, if necessary, with limited quantity, and for very small targets.
There will be resistance zone between 22497 and 22514 level, will go for buy side trades after Nifty crossing this zone, in case of flat or minor gap down opening. In case of gap up opening above this level. Will wait for price action to form if necessary. 22579 will our first target. From where we may expect a reversal too. Above this 22675 and 22798 will be the second and third target levels.
In case of gap up opening, at 22579.45, we may directly plan for bearish trade without any price action, with a very tiny SL, and target up to 22514.
In case of flat opening, after Nifty crossing 22433.55 level, with a proper price action, we may plan for bearish trade, but with limited quantity. 22392.75, 22359.9, 22327.05 will be our target levels. And may expect reversal form any of the levels. Similarly, near all these levels, with a price action, may plan for a bullish trade. After Nifty crossing 22359.9, we may plan for a proper downside trade, but will have to wait, and will prefer if it happens after 12:30 PM. 2282.35 and 22223.2 will be our next target levels.
*Personal opinion, not a trade advice*
*Support and resistance levels are based on Fibonacci*
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.
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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.
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.
#NIFTY Intraday Support and Resistance Levels -06/03/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 22340 level and then possible downside rally up to 22220 in today's session. in case nifty trades above 22400 level then the upside target can go up to the 22540 level.
NIFTY INTRADAY LEVELS FOR 06/03/2024BUY ABOVE - 22430
SL - 22400
TARGETS -22500,22580,22650
SELL BELOW - 22350
SL - 22400
TARGETS - 22310,22270,22230
NO TRADE ZONE - 22350 to 22430
Previous Day High - 2200
Previous Day Low - 22270
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 👍