#NIFTY Intraday Support and Resistance Levels -23/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21600 level and then possible upside rally up to 21720 level & this rally can extend another 100-120 points if market gives breakout 21740 level in today's session. in case nifty trades below 21570 level then the downside target can go up to the 21450 level.
Niftyprediction
NIFTY INTRADAY LEVELS FOR 23/01/2024BUY ABOVE - 21670
SL - 21620
TARGETS - 21720,21840,21920
SELL BELOW - 21580
SL - 21630
TARGETS - 21530,21480,21420
NO TRADE ZONE - 21580 to 21670
Previous Day High - 21720
Previous Day Low - 21530
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 Short , Medium & Long Term View-23-Jan-24 to 25-Jan-24Nifty Short , Medium & Long Term View-23-Jan-24 to 25-Jan-24
Nifty closed at 21571 21894(Prev Cloase 21710 ) and touched low & high of 21293 & 22126.
RSI and stochastics levels ( 53% & 35 % Respectively). Stochastics is moving towards oversold zone.
Market saw huge volatility last week of around 850 Points, especially fluctuated after results of HDFC bank.
Earlier last 2-3 months , purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up. last week IT was little down along with the Nifty Index.
Simillarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 5-7%.Nifty Bank Index was suggested to buy last week. 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 IT had a good run in last month with expectation of growing world economic condition especially US. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up. Expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario.
Profit booking upto 30% was suggested in the last 1.5 months, Cash will be useful to pick the right stocks.
Stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till Feb budget & 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.
In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Infra Stocks, undervalued bluechip stocks can be considered.
Nifty- Short Term ( Neutral-Moderately Bearish)
Resistances are at 21650 ( MA 21 days) ,21762 (MA 7 days), 22000, 22117, 22155
Support at 21422 (fib Resistance), 21300 ( trend line Support),
Nifty Medium Term & long Term ( neutral)-
22308, Can achieve 22521 target
Support at 21422 ( Fib Support), 20225 (prev high), 20000 ( Fib Resistance)
20800-21000 have strong Fib Support and trend line support as shown in the chart.
Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521.
Long Term
market expected range bound between 22500 to 18800 expected till mid of 2024.
however if Q3 results are good, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance).
Nifty positional making money.Monday intraday<>
Mild gap up or flat opening will be good to go longs and resistance should hit first before it takes support once again.
Huge gap down will be neglected the view.
IMPORTANT-20300-20500 gap will fill before budget or after the budget it may fill depending on financial news.
>Just follow the trend you will never be in loss.
>Don't predict before closing levels for traps.
>Wait for the retest level which will be secure
and can avoid huge losses.
>Profit bookings according to your capital %.
>Don't use indicator on daily basis as stop loss can hit easy.
NIFTY--Supply zone@21700 ??After a strong fall, expecting some retracement in nifty.
on topside supply zone is identified at 21650-21700 levels.
so liquidity is lies above and below this levels,
after testing these levels again have a chance of fallback to test the demand zones at 21300 levels and at 20800 levels.
If 21300 level fails to push it upside, quick drop and rise will see in coming sessions.
so this week mostly in this range 21700-21300 levels.
Be careful, long after 21700 short below 21300.
NIFTY INTRADAY LEVELS FOR 20/01/2024BUY ABOVE - 21670
SL - 21620
TARGETS - 21730,21840,21920
SELL BELOW - 21580
SL - 21630
TARGETS - 21530,21480,21420
NO TRADE ZONE - 21580 to 21670
Previous Day High - 21610
Previous Day Low - 21580
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 -20/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21500 level and then possible upside rally up to 21650 level in today's session. in case nifty trades below 21770 level then the downside target can go up to the 21620 level.
NIFTY INTRADAY LEVELS FOR 19/01/2024BUY ABOVE - 21540
SL - 21480
TARGETS - 21610,21680,21730
SELL BELOW - 21420
SL - 21480
TARGETS - 21300,21210,21130
NO TRADE ZONE - 21420 to 21540
Previous Day High - 21540
Previous Day Low - 21300
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 -19/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21500 level and then possible upside rally up to 21620 level in today's session. in case nifty trades below 21450 level then the downside target can go up to the 21330 level.
BANK NIFTY TARGET LEVELS 19.01.2024KINDLY DRAW THE LINES IN YOUR TRADING VIEW CHART
Draw And Watch My Startegy
Bank Nifty - Break Even Point : 45779.1 ADD +/- : 120 Points
Nifty 50 - Break Even Point : 21581.4 Add +/- : 27 Points
Fin Nifty - Brek Even Point : 20537 Add +/- : 37 Points
By Market1Tomorrow
NIFTY short term trend remains downNSE:NIFTY view based on Elliott waves.
From the ATH, NIFTY has made a 5 waves down impulse which could be first leg of correction (A/W) and seem to be retracing the down move. Retracement should be at least 38.2% which gives 21606 and 50% is at 21705. After that it should head down!
NIFTY for the trade session of 18-01-2024we are assuming a gap down in nifty
Support at the level of 21450 any break of this level will lead us to the level of 21370/21290/21220.
Resistance level will be 21700 and until unless it doesn't trade above the level of 21850 we will consider it as a sell on rise
#NIFTY Intraday Support and Resistance Levels -18/01/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21550 level and then possible downside rally up to 21430 in today's session. in case nifty trades above 21600 level then the upside target can go up to the 21720 level.
NIFTY INTRADAY LEVELS FOR 18/01/2024BUY ABOVE - 21680
SL - 21610
TARGETS - 21730,21840,21920
SELL BELOW - 21550
SL - 21610
TARGETS - 21500,21450,21390
NO TRADE ZONE - 21550 to 21680
Previous Day High - 21840
Previous Day Low - 21550
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 -17/01/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 22000 level and then possible downside rally up to 21880 in today's session. in case nifty trades above 22050 level then the upside target can go up to the 22170 level.
NIFTY INTRADAY LEVELS FOR 17/01/2024BUY - 22120
SL - 22040
TARGETS - 22180,22260,22350
SELL - 21970
SL - 22040
TARGETS - 21920,21840,21720
NO TRADE ZONE - 21970 to 22120
Previous Day High - 22120
Previous Day Low - 21970
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 Short , Medium & Long Term View-15-Jan-24 to 19-Jan-24Nifty Short , Medium & Long Term View-15-Jan-24 to 19-Jan-24
Nifty closed at 21894(Prev Cloase 21710 ) and touched low & high of 21931 & 21449.
RSI and stochastics levels ( 70% & 95 % Respectively). Stochastics is in overbought zone.
Market decisively closed above 21800-21850.
Purchasing Nifty IT at lower levels proved effective as the Nifty IT index underperformed than other index, hence it moved up.
Simillar run expected in Nifty Bank index, despite bank results were good in Q2 and expected to post good results in Q3 it didnt moved up considerably.
Hence next move likely will be in Nifty Bank index.
Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 ( Fib Resistance)/22521.
Nifty IT had a good run in last month with expectation of growing world economic condition especially US. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up. Expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario.
Profit booking upto 30% was suggested in the last month, Almost i have booked 20% profit in Equities & Mutual Funds. 100% of ulip shifted from equities to balanced funds & money market as we get free switches in ulip.
Market can any time expected to turn volatile and it will continue till Q3 results, Feb budget & 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.
In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Infra Stocks, undervalued bluechip stocks can be considered.
Q3 Results & Policy changes are need to be looked into for next year growth of Nifty.
Nifty- Short Term ( Positive)
Resistances are at 22000, 22155, 21308, 22521
Support at 21459 (fib Resistance), 21260 ( trend line Resistance),21000, 20800
Nifty Medium Term & long Term ( neutral)-
Can achieve 22500 target
Support at 20500 ( Fib Support) , 20225 ( prev high), 20000 ( Fib Resistance)
Long Term
market expected range bound between 22500 to 18800 expected till mid of 2024.
however if Q3 results are good, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance).
NIFTY INTRADAY LEVELS FOR 16/01/2024BUY - 22110
SL - 22040
TARGETS - 22180,22260,22350
SELL - 21970
SL - 22040
TARGETS - 21920,21840,21720
NO TRADE ZONE - 21970 to 22110
Previous Day High - 22110
Previous Day Low - 21970
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 -16/01/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 22100 level and then possible downside rally up to 21980 in today's session. in case nifty trades above 22120 level then the upside target can go up to the 22240 level.
Falling Wedge pattern breakout in NIFTY 50NIFTY 50 INDEX
Key highlights: 💡⚡
✅On 15 MIN Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 22040+.
✅Can Go Long in this stock by placing a stop loss below 21700-.
NIFTY INTRADAY LEVELS FOR 15/01/2024BUY ABOVE - 21930
SL - 21840
TARGETS - 22000,22100,22180
SELL BELOW - 21840
SL - 21930
TARGETS - 21720,21680,21590
NO TRADE ZONE - 21840 to 21930
Previous Day High - 21930
Previous Day Low - 21720
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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.
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 👍