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NIFTY Pre - Budget Surge : Caution Ahead...!Hello Traders, I hope you are all thriving both in your trading endeavors and in life. Today, I bring you an exciting opportunity with a new analysis of NIFTY that's poised for a significant move. Our in-depth analysis reveals that... NSE:NIFTY As anticipated and previously mentioned, the past week ended on a negative note (pre-Budget). This week holds the potential for new highs. However, caution is advised, as this will likely be the final move in the sequence that began on October 23, 2023. It is prudent to brace for an impending correction. Here are the technical details: I. Resistance I: 24,854.80 ~ 24,910 (conj. Extended trend line from March 20, 2023) II. Resistance II: 25,120 (Extended trend line from June 1, 2022) III. Resistance III: 25,460 (Extended trend line from January 24,2024). ***Please note that these values are not actual but indicative levels of support and resistance. A Gann ideology is that , the move from October 26, 2023 is also facing a time resistance of 270 days (90*3) which is an important number not to consider it lightly. Furthermore, for the move from March 20, 2023 it is 490 days (360+90+45 or 135) which is also an additional reason factored in to be more cautious! Following this, the market is expected to take a breather, with profit booking potentially dragging the markets to deeper levels before any new uptrend is initiated (The correction in monthly scale can be anticipated). Further details will be discussed as the market evolves. Strategy: Being bullish at this juncture seems prudent, only till R II (for conservative / Defensive) & RIII (for Pro-active / Enterprising). Disclaimer: Before we conclude, I want to remind everyone that the insights shared here are based on my own analysis. It's crucial that you perform your own research and, if necessary, consult with a financial advisor before making any trading decisions. The financial markets are dynamic, and it's important to ensure that your strategies align with your personal financial goals and risk tolerance. =========================================================== Dear Traders, If you appreciate my work, please don’t forget to like and follow me. I would also love to hear your thoughts on this idea in the comments section and will be delighted to respond to each one. Thank you for reading the article. HAPPY TRADING
NSE:NIFTYLong
by WDG_Dinesh_Gengarajan
Nifty_Intraday (11-Jul-2024)The image you provided is a TradingView screenshot showing a 15-minute candlestick chart of the Nifty 50 index from July 9 to July 11. This chart features several technical details: Date and Time: The chart includes timestamps, helping to track price movements throughout the trading days depicted. Exponential Moving Average (EMA): A 20-period EMA is plotted, which helps in determining the trend and potential support or resistance areas. Trading Signals: -Buy Signal: There's a green arrow pointing upwards with the annotation "Buy Above 24375 Tgt Open for 24500+". This indicates a potential bullish breakout strategy where buying is recommended above 24,375 with an open target extending towards 24,500 or beyond. -Sell Signal: A red arrow points downwards with the annotation "Sell Below 24250 Tgt 24000-". This suggests a bearish strategy recommending selling below 24,250 aiming for a target around 24,000.
NSE:NIFTY
by Praveenmor7
Nifty Intraday (09-Jul-2024)Description: Explore intraday trading analysis for Nifty 50. We've identified critical buy and sell levels based on the latest candlestick patterns and EMA trends. Buy Signal: Consider a long position if Nifty 50 rises above 24,350, with an open target of 24,450+. This move suggests bullish momentum could extend further, offering a potential profit opportunity. Sell Signal: A short position is advisable if the index drops below 24,265, targeting 24,150-. This setup is based on recent resistance and the potential for downward continuation. Chart Details: -Time Frame: 15 minutes -Indicator: 20-period Exponential Moving Average (EMA) Trading Strategy: The strategy utilizes precise entry and exit points to capitalize on short-term price movements. Risk management through stop-loss orders at strategic levels is recommended to minimize potential losses.
NSE:NIFTY
by Praveenmor7
NIFTY - A clear Swing correctionAs mentioned before the logic remains valid for today. the market is expected to inch higher to the levels mentioned below & after which the correction progresses. The levels RI - 23,526 (1.382 FE) R II - 23,580 ~ 23,598 (TL (mid) Intersection - very strong); a SHORT trade here is rewarding!!! RIII - 23,636 (1.414 FE); highly unlikely to be tested in this move SL: Any surge above 23,640 will make the trade void (however, the confidence is so strong that this will not be the case). TP: will be updated in succeeding posts(the presence of ambiguity due to 2 possibilities, progression in correction will help to sort it out!). Trade accordingly
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
Understanding the Bullish Momentum in S&P CNX NIFTY: AnalysisUnderstanding the Bullish Momentum in S&P CNX NIFTY: A Detailed Analysis The S&P CNX NIFTY, a crucial benchmark index in the Indian stock market, is currently exhibiting significant bullish momentum. With its spot price hovering around 22,957.1, close to the pivotal 23,000 strike price, there’s a clear indication of robust market activity and investor confidence. In this blog, we’ll delve into the specifics of this movement, examining the data on traded contracts, open interest, and changes in call options, to provide a comprehensive understanding of what this means for traders and investors. Key Data Points - **Spot Price:** 22,957.1 - **Strike Price:** 23,000 - **Max Traded Contracts:** 4,860,989 - **Call Open Interest (OI) (All Strike Prices):** 98,551.95 K - **Call Turnover % Change (All Strike Prices):** 152.79% - **Call Contracts % Change (All Strike Prices):** 150.70% - **% Change in OI (All Strike Prices):** 62.43% Breaking Down the Numbers Spot Price vs. Strike Price The spot price of the S&P CNX NIFTY is at 22,957.1, just shy of the 23,000 strike price. This proximity to a significant psychological and technical level suggests that traders are closely watching this threshold. It often acts as a key battleground for bulls and bears, influencing trading strategies and market sentiment. Maximum Traded Contracts A whopping 4,860,989 contracts traded at the 23,000 strike price underscores the high trading activity and interest. This volume signifies that a large number of traders are actively participating at this level, betting on the direction of the NIFTY. Call Open Interest (OI) With call open interest standing at 98,551.95 K across all strike prices, there’s a clear indication that traders are predominantly taking long positions in call options. This high open interest reflects expectations of further price increases, as call options provide the right to buy at a predetermined price, benefiting from upward movements. Surge in Call Turnover The 152.79% increase in call turnover points to a significant rise in the value of call options traded. This surge is likely driven by increased buying activity, suggesting a strong bullish sentiment. Traders are willing to pay more for call options, anticipating that the NIFTY will continue its upward trajectory. Increase in Call Contracts The number of call contracts traded has jumped by 150.70%. This substantial increase reinforces the bullish sentiment, indicating that more traders are entering the market with a positive outlook. The rise in call contracts suggests growing confidence in the market’s upward potential. Change in Open Interest The open interest has risen by 62.43%, showing that a large number of new positions are being created. This increase in OI is a strong signal of market engagement, with traders committing capital in anticipation of further price movements. High open interest typically correlates with increased liquidity and market depth. Conclusion The data paints a picture of a bullish market sentiment for the S&P CNX NIFTY. The close proximity of the spot price to the 23,000 strike price, coupled with high trading volumes and significant increases in call turnover, contracts, and open interest, all point towards a market poised for upward movement. Traders and investors are clearly optimistic about the NIFTY’s prospects, positioning themselves for potential gains as the index approaches and potentially surpasses the 23,000 mark. Market Sentiment and Future Outlook The bullish outlook on the NIFTY could be driven by several factors, including strong economic indicators, positive corporate earnings, or favorable market conditions. However, it’s essential for investors to remain vigilant, considering broader market trends and potential risks. While the data suggests optimism, market dynamics can shift rapidly, influenced by global events and domestic policies. Disclaimer This analysis is intended for educational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions. Understanding market trends and data is crucial, but so is considering your risk tolerance and investment goals. By keeping an eye on these indicators and understanding the underlying market sentiment, traders and investors can make more informed decisions, leveraging the bullish momentum of the S&P CNX NIFTY to their advantage.
NLong
by ruelfernandes
NIFTY 780+ Points and RunningGUY! Look what I ve been able to catch! 780+ points on NIFTY and still running. Closed position partially. 25% still open position, Iam gonna let it run till the price crosses above the Risological Astra dotted line. The Risological astra shows there is a little more room for a dip before a reversal. Let's wait and watch. Furthermore, the election results are round the corner, so expecting crazy moves soon. I will update with fresh opportunities. Watch this space or follow my profile to catch moves.
NSE:NIFTYShort
by ProfitsNinja
Analysis for Nifty Swing Position We have a Fresh 3H Demand which is the Source of the Uptrend till the Destination Fresh Weekly Supply. Further in lower timeframe we will check for a confirmation We see how the price has been moving making new lows ands new Highs until it reaches the 3H Demand and after reacting to the 3H Demand we see that Price has violated its previous high and now we also have a fresh Demand in 1H chart. This 1H Demand is the Potential Trade Demand with an Amazing Reward to Risk Ratio. But the Price where it reaches the Weekly Supply we are looking for a big downward move from this Weekly Supply hence make sure to exit on time.
NSE:NIFTYLong
by WavesandZones
Falling down ... Falling down!!Nifty spot and FUT, both settled at crucial levels marked in our previous analysis. This is the level that has to be protected for Nifty to stay "NOT BEARISH" at least. Now with an even in sight, I am not sure how it will behave. My previous narrative was that Nifty would stay at ATH levels and with the election result, would fall. But now it seems like there is a different narrative playing out. In the opposite scenario, Nifty should visit 21750 levels and consolidate there, to rally on "surprisingly" (Sarcasm intended) good results for BJP with a stable Govt.
NSE:NIFTY1!Short
by OldMonk13
Detailed Weekly Analysis for Nifty. This is the Monthly chart to understand the biggest picture for Swing positions. This is a Potential Weekly Demand which has the power to turn around the game in the buyers side. Now in order to reach this Demand Price needs to reach some Supply and then retrace down into this Weekly Demand. Further down in Daily chart we see there is a "Violated Daily Demand", this clearly indicates Sellers have just become more powerful and we also have a Fresh Daily Supply which is a Source Supply for a Downtrend till the Weekly Demand shown in the 1st figure. This is the Demand Supply Equilibrium Curve from potential Daily Supply to Potential Weekly Demand, wait for the Price to reach the Daily Supply and further the Curve tells us where the Price is on the curve and accordingly decide the Trade.
NSE:NIFTYShort
by WavesandZones
ZENSARTECH#ZENSARTECH ZENSARTECH Good for Holding around 6 TO 9 Months ..... Current Price at 621.50 ......... Keep SL at 594.35 .... (On Closing Basis ... Means ... Daily Candle closed Below 594.35 )….. After Close Crossing 644 …. Trail SL to 639 Targets are Shown on Chart in Greens . Key Partnerships Cloud Computing: The co has partnered with Microsoft Azure, Adobe, Amazon web services, Google cloud for CX, Software Engineering, Cloud & Data Relationships Enterprise application: The co has partnered with Oracle, SAP, Salesforce, and Guidewire for enterprise applications transformation. Business segments Digital and Application Services (~83% of total revenue in FY22): It includes Custom Applications Management Services that include Application Development, Maintenance, Support, Modernization and Testing Services across a wide technology spectrum and Industry verticals. Digital Foundation Services(~17% of total revenue in FY22) Infrastructure management services includes Hybrid IT, Digital workplace, Dynamic Security and Unified IT provided under managed service platform using automation, autonomics and machine learning. As of Q3FY23, Net cash of $179.4M As of Q3FY23, Total headcounts stood at 10,845
NSE:ZENSARTECHLong
by iism-ExpertTrading
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*
NSE:NIFTY
by rahulbora11
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. ----------------------------------------------------------------------------------------------------- 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.
NSE:NIFTY
by IIT-Trader
39
NIFTY--Trendline Holds or Breaks??Nifty index is showing strong bearish pressure from the 22200 levels. A drop base drop is done. Price tested the demand zones at 21960 levels . now it is ready to move again or fall back to below trendline to grab the liquidity. On bottom side, strong support at 21800 levels with an intersection point at trendline... this is likely to push the price upwards.... If price breaks the trendline an observation point of resistance at 22100-22150 level is the strong resistance to push the price downwards. If consolidation is observed above this levels leads to an breakout above 22300 levels for the targets likely to be 22500 followed by 22600 levels by keeping the SL at 22100-22150 levels. If price falls from 22100-22150 levels, it will consolidate on bottom side to test the 21300 levels of support and will likely to continue to bottom side. this is the crucial place to observe in NIFTY To continuation or Bearish??
NSE:NIFTY
by IIT-Trader
44