Nifty 50 Support and Resistance for Today. TrendX Institute. Levels To Watch Today!
- Nifty bounced between 19,666 and 19,800, closing mid-range.
- BankNifty stayed low, closed near the week's low.
- Levels to watch:
- Nifty: 19,666 (critical),
19,590 (support),
19,800 (resistance)
- BankNifty: 43,500 (support),
43,800 (resistance),
43,300 (possible correction)
No stock updates today.
Have a profitable day!❤️
#Nifty #OptionTrading
Niftytradesetup
NIFTY INTRADAY LEVELS FOR 17/11/2023BUY ABOVE - 19780
SL - 19750
TARGETS - 19810,19870,19920
SELL BELOW - 19720
SL - 19750
TARGETS - 19680,19640,19610
NO TRADE ZONE - 19720 to 19780
Previous Day High - 19870
Previous Day Low - 19640
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 Head and 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 Short-Medium-Long Term View- 13-Nov-23 to 17-Nov-23Nifty Short/Medium/Long Term View- 13-Nov-23 to 17-Nov-23
Nifty closed at 19525(19230 )and touched low & high of 18312and 19550
"Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range"
Market exactly followed the resistance provided as mentioned above last week and closed on danteras at resistance ( target) provided at 19550.
Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash.
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. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result iand projected growth is necessary.
RSI and stochastics levels recoverered from oversold zone in last 2 weeks.
Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced backto 19550.
Nifty- Short Term
Nifty need to close deicisively above 19550 and move towards 19800-20000.
Resistance at 19692 ( Fib Resistance)
Else it will tend to lower down to 19327 support and 19160 ( Fib Support Levels) followed by 19000.
Strong 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.
Nifty Medium Term & long Term -
Market need to decisively close above 20000 to reach 20500 target.
Resistance 20000/ 20200 ( Prev. HIgh)/ 20500
below 18427 support, the next supports are at 18274/18000
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 50 Analysis from COVID-19 LowsNifty 50 Analysis from COVID-19 Lows:
Primary Wave (1): Think of this like a big upward movement on a rollercoaster that started on March 23, 2020, when the Nifty 50 index was at 7511.10. It reached a high point on April 27, 2020, at 9889.05.
Wave (2): After the first exciting ride, there was a dip. This dip ended on May 18, 2020, with the index at 8806.75, which was about halfway down from the highest point of Wave (1).
Wave (3): Then came another exciting ride, but this time it had a lot of ups and downs. Wave (3) ended on October 18, 2021, at a high point of 18604.45.
Wave (4): After the thrill of Wave (3), there was a pause. Wave (4) acted like a rest stop and finished on June 13, 2022.
Wave (5): Now, it's moving up again, but not smoothly. It seems like it's going in a pattern of three steps up and three steps down, like climbing stairs. Currently, it's in the fourth step.
Big Event: The chart suggests that something significant might happen when the index reaches around 20600-20900-21000. It's like saying, "Hey, there might be a big turn or surprise on the rollercoaster around this point." So, it could be a good idea to think about taking your gains or profits when it's near 20.5k.
Just remember, investing in the stock market can be unpredictable, and it's wise to speak with a financial expert or do thorough research before making any investment choices.
NIFTY INTRADAY LEVELS FOR 16/11/2023BUY ABOVE - 19690
SL - 19650
TARGETS - 19720,19770,19810
SELL BELOW - 19640
SL - 19670
TARGETS - 19610,19580,19540
NO TRADE ZONE - 19640 to 19690
Previous Day High - 19690
Previous Day Low - 19580
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 INTRADAY LEVELS FOR 15/11/2023BUY ABOVE - 19460
SL - 19420
TARGETS - 19490,19540,19590
SELL BELOW - 19420
SL - 19460
TARGETS - 19370,19350,19270
NO TRADE ZONE - 19420 to 19460
Previous Day High - 19490
Previous Day Low - 19420
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--@Manipulation??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.
Still it has some more bullishness before going to fall...Early shorts (sellers) will be out with this move...Keep safe on bottom demand lies at 360 zone as marked yesterday...if tomorrow comes looks for buy only... .
NIFTY INTRADAY LEVELS FOR 13/11/2023BUY ABOVE - 19540
SL - 19510
TARGETS - 19590,19660,19720
SELL BELOW - 19510
SL - 19540
TARGETS - 19460,19410,19370
NO TRADE ZONE - 19510 to 19540
Previous Day High - 19540
Previous Day Low - 19510
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 👍
NIfty50 Levels for 12-11-2023 MuhuratNSE:NIFTY Intraday Levels for 12-Nov-2023
Wizard Levels/Zones
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen, so kindly do your own analysis and my view. Thank you for your SUPPORT
NIFTY INTRADAY LEVELS FOR 10/11/2023BUY ABOVE - 19460
SL - 19410
TARGETS - 19520,19590,19660
SELL BELOW - 19380
SL - 19410
TARGETS - 19330,19270,19230
NO TRADE ZONE - 19380 to 19460
Previous Day High - 19460
Previous Day Low - 19380
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 -- CONTINUATION OR REVERSAL?Nifty has given a good rally after retesting 18800, and is now approaching overhead resistances. With 50 EMA, 0.618 Level and around 19500, nifty seems to be at a congestion zone where it should consolidate for a couple of days.
FED chairman Powell is expected to speak twice this week and should provide with enough triggers for the market to decide the direction of movements.
Overall, this consolidation should be healthy to help in the next round of rally after the events this week.
NIFTY INTRADAY LEVELS FOR 09/11/2023BUY ABOVE - 19460
SL - 19410
TARGETS - 19520,19590,19660
SELL BELOW - 19410
SL - 19460
TARGETS - 19330,19270,19230
NO TRADE ZONE - 19410 to 19460
Previous Day High - 19460
Previous Day Low - 19410
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 Intraday Support and Resistance Levels - 09/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19460 level and then possible upside rally up to 19580 in today's session. in case nifty trades below 19420 level then the downside target can go up to the 19300 level.
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.
NIFTY Analysis/Prediction for tomorrow Expiry 09-11-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens flat or Gap-Up
🟢 Buy CE Above 19520
or after 1 PM if market in range
✔️ Target Should be 19635
🔴 Buy PE Below 19400
✔️ Target Should be 19280
If market opens Gap-Down (Below 19400)
🟢 Avoid CE
🔴 Buy PE near 19420
✔️ Target Should be 19280
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 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 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--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.