NIFTY--19500 Is Resistance?? price broken the trendline and retested...then gap down or gap up.
we have a strong demand zone at 19360level...price may again rise from this level..
previously 19500 is a strong resistance,
if price again acts as resistance in this zone will observe a fall up to 19300 and 19200 levels.
otherwise price breaks the resistance and have chances of testing the 19600 and 19700 levels.
keep safe before short....wait until it touches the resistance resistance level @19500.
Niftyprediction
NIFTY Prediction for 9th NovAs we discussed, a neutral view of NIFTY moved sideways the whole day by gaining +36 points.
Right now, NIfty is at a really crucial point where it might go from the 19550 to the upside, where it might face the 4H-TH trendline as resistance. Tomorrow's nifty has expiry, which means it might be sideways with high probability. Expiry is likely to end in 19350-19450.
Reason:
Expiry day for Nifty (Mostly Sideways)
50 EMA day TF resistance to upside. (Resistance)
Price > EMAs (Bullish)
RSI is 40-60 mostly Sideways.
Price action resistance to upside at 19460.
PCR = 0.88 (Neutral) (Put:Call Ratio)
Verdict:
Sideways
Plan of action:
don't go for option Buyiing. let it make the range and then make iron condor.
Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23
Nifty closed at 19230 (19047 )and touched low & high of 18294 and 19274
RSI and stochastics levels recovering from oversold zone .
Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced back a little to 19230.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results.
As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash.
Nifty was holding the inclined trend support provided at 18800 levels last week.
Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks.
Support between 18427 ( Fib 0.5 Resistance) & 18800
Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated.
Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range.
Nifty Medium Term & long Term -
Nifty need to cross 19500 and need to break the resistance shown above to move to 19800/2000.
below 18427 support, the next supports are at 18274/18000
Resistance 20000/ 20200 ( Prev. HIgh)/ 20500
Oct 23 & NOv-23
Comment :
There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$.
Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey.
As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening).
Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path.
This also will lead to high volatality in coming weeks.
#NIFTY Intraday Support and Resistance Levels - 08/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19430 level and then possible upside rally up to 19550 in today's session. in case nifty trades below 19400 level then the downside target can go up to the 19280 level.
Nifty prediction, Will Continue the Bullish trend?As Nifty has been continuously increasing for the past four days, it has been purely seller day. The market is consolidating in a range of 70-80 Points. We have performed Top a top-to-bottom approach where we see a trendline that is marked over the chart. Nifty seems to touch the 19550 levels by this week's expiry.
Reason:
Price > EMA(13,50,200) (Bullish)
Golden crossover (Bullish)
PCR = 1 (Bullish)
RSI > 60 (Bullish)
200 EMA support downside.
Verdict:
Bullish
Plan of Action:
Sell PE on lower Points. Don't go for option Buying based on the last four days moment.
NIFTY Analysis/Prediction for tomorrow 08-11-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens in Zone
🟢 Buy CE Above 19435
✔️ Target Should be 19500
🔴 Buy PE Below 19375
✔️ Target Should be 19275
If market opens with more than 100 points gap
then wait for price action and trade after one hour in same direction.
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
#NIFTY Intraday Support and Resistance Levels - 07/11/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19400 level and then possible downside rally up to 19280 in today's session. in case nifty trades above 19420 level then the upside target can go up to the 19540 level.
NIFTY--Head & Shoulders Pattern ??I am sharing the important levels of Support and Resistance. These levels play 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.
They serve as key reference points for technical analysis.
Nifty is at important zone of resistance...If price fail to take the support at 19360 levels again and falls below this level, we have a chance of H & S pattern, keep safe before long.
#NIFTY Intraday Support and Resistance Levels - 06/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19250 level and then possible upside rally up to 19350 & This rally can extend another 100-120 points if market gives breakout of 19370 level in today's session. in case nifty trades below 19210 level then the downside target can go up to the 19090 level.
NIFTY INDEX OUTLOOKNSE:NIFTY
Nifty 50, in the hourly chart, is in the final leg of correction, forming a zigzag corrective pattern of 5-3-5. It has completed wave 3 of wave C at 18837.85. A triangle pattern is in formation in wave 4 of wave-C, which can go up to 19315 - 19360 region. For major correction to complete, Nifty 50 is likely to form a new low of wave 5 of wave C between 18740 - 18640, where it also has gap support.
CRUCIAL LEVELS
INTRADAY: 19244, 19235
DAILY:19195, 19125
NIFTY--19000 or 19300I am sharing the important levels of Support and Resistance. These levels play 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.
They serve as key reference points for technical analysis
#NIFTY Intraday Support and Resistance Levels - 03/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19170 level and then possible upside rally up to 19270 & This rally can extend another 100-120 points if market gives breakout of 19290 level in today's session. in case nifty trades below 19130 level then the downside target can go up to the 19010 level.
NIFTY INTRADAY LEVELS FOR 03/11/2023BUY ABOVE - 19170
SL - 19110
TARGETS - 19230,19330,19380
SELL BELOW - 19070
SL - 19110
TARGETS - 19030,18970,18930
NO TRADE ZONE - 19070 to 19170
Previous Day High - 19170
Previous Day Low - 19070
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 👍
NIFTY--Inverse H&S PatternI am sharing the important levels of Support and Resistance. These levels play 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.
They serve as key reference points for technical analysis
NIFTY INTRADAY LEVELS FOR 02/11/2023BUY ABOVE - 19030
SL - 18970
TARGETS - 19090,19150,19260
SELL BELOW - 18930
SL - 18970
TARGETS - 18890,18850,18800
NO TRADE ZONE - 18970 to 19030
Previous Day High - 19090
Previous Day Low - 18970
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 👍
NIFTY detailed Prediction analysis for 2nd Nov NIFTY was quite Bearish yesterday as we discussed the levels and trendlines respected quite well. A trendline is broken to downside and selling presure was more to downside, by looking of the trend yesterday nify seems bearish for this week.
Reason:
200 EMA Resistance (Good Resistance) (Bearish)
Price Action Resistance (Red Zone upside) (Bearish)
Yesterday Heavy selling presure
Price < (13,50) EMA (shows bearish)
PCR = 0.68 (mild Bearish), MAX Pain = 19100
RSI < 40 (Bearish)
Verdict:
Bearish
Plan of action:
as its expiry it might be sideways. so play based on levels
#NIFTY Intraday Support and Resistance Levels - 02/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19000 level and then possible upside rally up to 19100 Level. & this rally can extend another 100-120 points if it gives breakout of 19120 level in today's session. in case nifty trades below 18970 level then the downside target can go up to the 18850 level.
NIFTY Analysis/Prediction for tomorrow expiry 02-11-2022NIFTY Analysis/Prediction for tomorrow
If market opens flat / Gap-Down
🟢 Avoid CE
🔴 Buy PE Near 19035
✔️ Target Should be 18940, 18890, 18830
If market opens with more than 100 points gap
then wait for price action and trade after one hour in same direction.
Trade in Next Expiry
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
NIFTY INTRADAY LEVELS FOR 01/11/2023BUY ABOVE - 19150
SL - 19070
TARGETS - 19260,19330,19380
SELL BELOW - 19070
SL - 19150
TARGETS - 19020,18940,18890
NO TRADE ZONE - 19070 to 19150
Previous Day High - 19230
Previous Day Low - 19070
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 👍