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Niftytradesetup

NIFTY INTRADAY LEVELS FOR 15/05/2024BUY ABOVE - 22300 SL - 22220 TARGETS - 22350,22420,22470 SELL BELOW - 22180 SL - 22220 TARGETS - 22130,22070,22020 NO TRADE ZONE - 22180 to 22270 Previous Day High - 22270 Previous Day Low - 22070 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
BANK NIFTY INTRADAY LEVELS FOR 14 MAY 2024BUY ABOVE - 47900 SL - 47730 TARGETS - 48050,48220,48460 SELL BELOW - 47730 SL - 47900 TARGETS - 47560,47400,47200 NO TRADE ZONE - 47730 to 47900 Previous Day High - 47900 Previous Day Low - 47000 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 INTRADAY LEVELS FOR 14 MAY 2024BUY ABOVE - 22130 SL - 22070 TARGETS - 22180,22240,22300 SELL BELOW - 22070 SL - 22130 TARGETS - 22020,21960,21900 NO TRADE ZONE - 22070 to 22130 Previous Day High - 22130 Previous Day Low - 21820 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
3
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
NIFTY INTRADAY LEVELS FOR 10/05/2024BUY ABOVE - 22070 SL - 22020 TARGETS - 22120,22180,22240 SELL BELOW - 21960 SL - 22020 TARGETS - 21900,21850,21800 NO TRADE ZONE - 21960 to 22070 Previous Day High - 22300 Previous Day Low - 21960 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
2
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
NIFTY INTRADAY LEVELS FOR 08/05/2024BUY ABOVE - 22350 SL - 22300 TARGETS - 22420,22470,22510 SELL BELOW - 22240 SL - 22300 TARGETS - 22200,22160,22100 NO TRADE ZONE - 22240 to 22350 Previous Day High - 22510 Previous Day Low - 22240 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
Long term NIFTY wave counts - potential downside ahead!I was reviewing long term EW counts of NSE:NIFTY and here is what I think. Overall, I can see potential 2 alternatives and have highlighted them in blue and red respectively. This is a monthly chart. Blue Alternative Let's start with blue counts first. Larger degree wave 1 (marked by square blue box) which started from Covid lows of March 2020, ended in October 2021. Wave 1 is the same for both blue and red alternatives since there is no confusion till that point. But from that point onward, things change. I have marked the correction in larger degree wave 2 (marked by square blue box) as a W-X-Y correction which ended in March 2023. From there, I am assuming a larger degree wave 3 started. Within the larger degree wave 3, we seem to be near completion of the minor degree wave (i) of larger degree wave 3. This is marked in black since wave (i) of 3 in the red alternative also ends at the same point even though counts for the red alternative are different. We can see the red bar forming for this month but this is too early to say if we'll get a negative close for this month. However, wave v of (i) has an ending diagonal look (more clearly visible in lower timeframes). Plus, we can see massive negative divergences in RSI and momentum oscillator which suggests that a correction is due. Make no mistake - correction will occur soon. If not this month, then maybe next month. For the uninitiated, ending diagonal (ED) is typically the last leg of a move. In this case, it should be signaling the ending of wave (i) of 3. Now, before we come to the size of the correction, let's take a look at the red alternative. Red Alternative Larger degree wave 1 remains the same in red alternative as mentioned earlier. However, in this alternative, larger degree wave 2 (marked by square red box) ended in June 2023 followed by immediate start of larger degree wave 3. In this alternative, we are taking all follow-up moves as i-ii-i-ii-iii-iv-iii-iv-v. Don't worry about this count, just understand that this move (first leg (i) of larger degree wave 3 ) also seems to be ending exactly where blue wave count suggests, i.e. possibly this month end or next. I can't confirm now since this month's candle is still forming. Conclusion Both wave counts suggest that minor degree wave " (ii) of 3 " (marked in black on the right most part of the chart) should begin soon, if not already started. Finally, coming to the size of this move, if we go by blue alternative, 38.2% retracement level is around 20500 and 50% is around 19800. And if we go by the red alternative then 50% retracement is around 19000, 61.8% is around 18100. At the minimum, I would expect 19200-19500 levels (38.2% retracement) if the red alternative is in play. So which one is going to happen? To be honest, I have no idea but we can go with the least of both alternatives at a tentative level and refine as the move evolves. That gives us 19800 which is still more than 2000 points correction from current levels. 20 month moving average is currently at 19675, and rising. This potentially makes 19800 a viable target in a month or two. Happy (wave) counting ;-)
NSE:NIFTYShort
by YetAnotherTA
NIFTY INTRADAY LEVELS FOR 07/05/2024BUY ABOVE - 22470 SL - 22420 TARGETS - 22510,22550,22600 SELL BELIW - 22420 SL - 22470 TARGETS - 22360,22270,22210 NO TRADE ZONE - 22420 to 22470 Previous Day High - 22600 Previous Day Low - 22420 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