Niftyprediction
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 -07/02/2024Nifty 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.
JAYNECOIND BUYBuy-51.20
Target-57.90(Adjustable)
Stop-44.65
"Before considering a purchase, it's advisable to conduct your own analysis. However, with approximately an 80% chance indicating a favorable buying opportunity for this stock based on current market trends and analysis, conducting thorough research could validate its potential for growth and profitability."
NIFTY INTRADAY LEVELS FOR 06/02/2024BUY ABOVE - 21860
SL - 21810
TARGETS - 21920,21970,22040
SELL BELOW - 21730
SL - 21810
TARGETS - 21670,21580,21530
NO TRADE ZONE - 21730 to 21860
Previous Day High - 21970
Previous Day Low - 21730
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 -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 Analysis for Tomorrow |6 FEB 2024 | ELLIOTT BABANifty Analysis & Bank Nifty Prediction for Tomorrow |6 FEB 2024 | Elliott Wave Theory | ELLIOTT BABA
Nifty Analysis & Bank Nifty Prediction for Tomorrow |6 FEB 2024 | Elliott Wave Theory | ELLIOTT BABA
This prediction is for the Nifty Index and it's based on a technical analysis of the market. I'll also be providing an option trading setup for beginners so that you can start trading options today! If you're looking to invest in stocks or options, then this is the video for you!
#NIFTY Intraday Support and Resistance Levels -05/02/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21820 level and then possible downside rally up to 21700 in today's session. in case nifty trades above 21870 level then the upside target can go up to the 21990 level.
NIFTY INTRADAY LEVELS FOR 05/02/2024BUY ABOVE - 21920
SL - 21860
TARGETS - 21970,22040,22120
SELL BELOW - 21810
SL - 21860
TARGETS - 21740,21670,21580
NO TRADE ZONE - 21810 to 21920
Previous Day High - 22120
Previous Day Low - 21810
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 👍
Buy KMSUGAR Stock made Higher High in Weekly timeframe and consolidating.
Came down for Retracement.
Daily timeframe gives signs of Reversal based on #Divergence,
#Priceaction confirms it.
There is one more Zones below the current levels. So based on it but the stock as per your Capital.
Follow #Riskmanagment.
Nifty50 Trend Analysis Corrected ChartEverything is same except the sub waves of Wave 3, which is corrected for its degree from minor to intermediate.
It is currently undergoing Wave 4 correction.
Support is around 20860 level which is also at 38.6% Fib level and key support level as highlighted in green dashed line.
Minimum target for Wave 5 can be around 23000 level, can go higher only if upside break out happens.
Maximum target can be 25400 level. Wave 5 is more likely to be extended as Wave 1 & Wave 3 are of equal length.
Use this correction as buying opportunity in specific stocks or sectors where bullish chart patterns are visible. Avoid stocks which have rallied too much.
Do your own due diligence before taking any action.
Peace!!
Nifty50 Trend Analysis as per Wave TheoryIt is currently undergoing Wave 4 correction.
Support is around 20860 level which is also at 38.6% Fib level and key support level as highlighted in green dashed line.
Minimum target for Wave 5 can be around 23000 level, can go higher only if upside break out happens.
Maximum target can be 25400 level. Wave 5 is more likely to be extended as Wave 1 & Wave 3 are of equal length.
Use this correction as buying opportunity in specific stocks or sectors where bullish chart patterns are visible. Avoid stocks which have rallied too much.
Do your own due diligence before taking any action.
Peace!!
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.
NIFTY INTRADAY LEVELS FOR 02/02/2024BUY ABOVE - 21740
SL - 21670
TARGETS - 21810,21860,21920
SELL BELOW - 21670
SL - 21740
TARGETS - 21580,21530,21470
NO TRADE ZONE - 21670 to 21740
Previous Day High - 21810
Previous Day Low - 21670
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 -02/02/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21700 level and then possible upside rally up to 21810 level & this rally can extend another 100-120 points if market gives breakout 21830 level in today's session. in case nifty trades below 21670 level then the downside target can go up to the 21550 level.
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.