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BANK NIFTY INTRADAY LEVELS FOR 23/02/2024BUY - 47080 SL - 46900 TARGETS - 47360,47600,47750 SELL - 46900 SL - 47080 TARGETS - 46700,46450,46300 NO TRADE ZONE - 46900 to 47080 Previous Day High - 47080 Previous Day Low - 46450 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY 50 Analysis For Feb 22nd!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 22nd, 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 5 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
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 Daily Chart Analysis - February 21, 2024Technical Analysis: Candle Pattern: The daily chart for February 21st shows a "Bearish Engulfing" pattern. This indicates a potential reversal in the upward trend, as the current day's candle completely engulfs the previous day's price range. Moving Averages: All major moving averages are still bullish, but the recent candle suggests a possible slowdown in the upward momentum. Support and Resistance: Immediate support: 21,920 Key support: 21,600 Resistance: 22,450 - 22,500 Indicators: RSI: Currently at 67, nearing overbought territory, suggesting a potential pullback. MACD: Still bullish, but the histogram shows a weakening momentum. Key Observations: The Nifty 50 has been consolidating near the recent highs for the past few days. The Bearish Engulfing pattern suggests a potential pullback in the near term. Overbought technical indicators also suggest a potential correction. However, the long-term trend remains upward, supported by bullish moving averages. Other Observations: The market opened higher but faced selling pressure later in the day, leading to the Bearish Engulfing pattern. FII activity shows some reduction in short positions, suggesting cautious optimism. The IPO of Purv Flexipack on February 27th could potentially impact market volatility. Overall: The Nifty 50 is currently at a crossroads. While the technical indicators still favor the upward trend, the Bearish Engulfing pattern and overbought conditions raise concerns about a potential pullback. The next few days will be crucial to see if the market can maintain its momentum or succumb to selling pressure. Important Note: This analysis is for informational purposes only and should not be considered financial advice. Please consult a qualified financial advisor before making any investment decisions.
NSE:NIFTY
by mayurdhagiya
NIFTY INTRADAY LEVELS FOR 22/02/2024BUY ABOVE - 22120 SL - 22070 TARGETS - 22170,22250,22300 SELL BELOW - 22020 SL - 22070 TARGETS - 21960,21890,21850 NO TRADE ZONE - 22020 to 22120 Previous Day High - 22250 Previous Day Low - 22020 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 👍
NSE:NIFTY
by Jagadheesh_JP
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
Nifty 50 Daily Chart Analysis - February 20, 2024Nifty 50 Daily Chart Analysis - February 20, 2024 Current Status: The Nifty 50 closed at 22,196.95, up 0.34% from the previous day. The intraday high was 22,215.60, and the low was 22,045.85. Trend and Moving Averages: The daily chart suggests a short-term bullish trend. The index recently broke above the 22,000 resistance level, confirming the uptrend. All major moving averages (50-day, 100-day, 200-day) are sloping upwards, further confirming the bullish trend. Technical Indicators: RSI: The RSI indicator is currently at 68.5, indicating the index is slightly overbought. This suggests a potential pullback in the short term. MACD: The MACD indicator is above the signal line and trending upwards, indicating bullish momentum. However, the histogram bars are starting to shrink, suggesting weakening momentum. Support and Resistance: The nearest support level is around 21,600-21,700, followed by 21,300. There is no immediate resistance level in sight. However, the psychological level of 22,500 could act as a resistance shortly. Key Observations: The breakout above 22,000 is a positive signal for the short term. Overbought technical indicators suggest a potential pullback before further upside. Lack of immediate resistance allows for potential price appreciation. Overall: The Nifty 50 is currently in a good position with a short-term bullish trend. However, investors should be cautious of potential pullbacks due to overbought technical indicators. Monitoring support and resistance levels and key economic data will be crucial for further analysis. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions. Additional Notes: This analysis is based on the closing price and technical indicators. Intraday analysis might provide different insights. It's important to consider fundamental factors along with technical analysis for a comprehensive understanding of the market. I hope this enhanced analysis is helpful!
NSE:NIFTY
by mayurdhagiya
4
Nifty trade setup (check caption for detail)Index witnessed a strong upmove after initial cool off Index witnessed highest ever closing today with Nifty surpassing the mark of 22200 level Going forward ⏩ now Support comes at 22100-22060 area on the lower end followed by 21930 The overall trajectory as can be seen by visible price action suggest that nifty can continue to inch further up towards 22500-22550 areas As long as support of 21930 -21950 is intact The best part for the day is the strong move in banking index especially in the giant Hdfc bank which suggest that the move can extend further by taking support of banking stocks & Twitter wala pratik2358 believes that as long as there is no proper bearish signal, just staying short is a waste of opportunity.
NSE:NIFTYLong
by pratik2358
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.
NSE:NIFTYLong
by SuccessStrikes
1
Expected Important levels for the Year 2024!Disclaimer! This analysis is made for educational purpose and do not consider it as an investment advice. Hey Folks ! I have marked all the important levels for the year, All the ranges marked with green colour represents Bullish area and all the ranges marked with red colour represents Bearish area. These levels are very simple yet very important. Use these levels with your existing trading strategy and experience to get most odds in your favour. Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges. If in case at any point of time Nifty 50 goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels. All the Best Folks ! Stay tuned for updates.
NSE:NIFTY
by prachitv1
Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24 Nifty closed at 22040 (Last week 21540) and touched low & high of 21629 & 22068 RSI and stochastics levels reduced this week(58% & 87% Respectively). Stochastics is in overbought zone. Huge volatility was seen last week within the topmost resistance and bottom most support last week. Market was exactly trading within this trend line resistance and trendline support provided. Market need to decisively close above all time high 22117 and 22157 (Fib Resistance). Earlier 30% profit booking was suggested (except Bank & IT stocks). Partial Booking can be considered for further 5-10% in Mid & Small Cap (Stocks/ Mutual Funds) wherever valuation are high. There is no worry on Good Valued Stocks which can be kept for Long Term. This cash will be useful to buy when during the fall. Nifty IT 38477 (Prev Week 37699) -To continue hold. Nifty IT touched new high of 38477 in this week. Major support at 34918 /34000. Target can be 40000. Nifty bank 46554 ( Prev Week 45634 ) -To continue hold. Nifty Bank touched 46695 high last week. Purchase on dips was suggested. Nifty Bank moved from 44673 to 46695. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Refer to detailed comments in the bottom. Nifty 22040- Short Term ( Neutral ) All time high 22136 will be a key resistance. Market could not surpass it decisively. Hence bearish sideways movement expected for some more weeks. Resistances are at 22000, 22117, 22136 ( All time high),22150 Support - 21430 (Fib Support & MA 50 Support), 20877 Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term - Can buy at 20800 -21000 level in case of dip for a short run up. Target Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22500 to 18800 expected till mid of 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments (19-Feb-24) : Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
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.
NSE:NIFTYLong
by SuccessStrikes
1
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.
NSE:NIFTY
by IIT-Trader
7