Nifty Prediction for Tomorrow 5th October 2023Nifty opens with a down gap at 19446 vs. the previous close at 19528, approx 80 points lower.
Lost another 50 points post opening in the first hour and tested immediate support at 19392.
Took or you say tried to hold the support in the next hour though couldn't sustain in the following trading hours and fell further until the next support at 19331.
Then again recovered from the support and closed near its open price i.e. 19436, forming a doji candle at the support zone of 19392-19331
Rsi is trailing at 40.15 levels.
Rsi and price both closed at support, suggesting some bounce in price tomorrow and we might see a gap-up opening tomorrow around immediate resistance approx 100 points higher.
Tomorrow can be a volatile day.
The gap created today would act as an immediate resistance.
Immediate Resistance: 19544- 19550
Niftytradesetup
NIFTY INTRADAY LEVELS FOR 04/10/2023BUY ABOVE - 19560
SL - 19530
TARGETS - 19600,19680,19730
SELL BELOW - 19490
SL - 19530
TARGETS - 19440,19400,19330
NO TRADE ZONE - 19490 to 19560
Previous Day High - 19620
Previous Day Low - 19490
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.
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HAPPY TRADING 👍
Bearish NIFTY Analysis Options 04 OCTNIFTY is showing Bearishness. by looking at the data we can say it's going to be bearish for this week.
also intrest rates in US is also going to effect the market. because of the FII starts pulling their money form INDIAN market.
Reason :
NIFTY is down to the bearish line ZOne.
RSI showing very low Value means buyers are not trustung the market.
PCR 0.65 shows huge Bearishness
Verdict:
MArket is bearish
Plan of Action :
SELL 19350 PE + BUY 19400 PE
Nifty prediction for tomorrow 3rd OCT 23as we discussed in our last posts that NIFTY might be taking support from this level.
But will not go direct bullish from here as 200 EMA, VWAP is acting as high resistance zone for nifty.
For tomorrow it seems to have a sideways moment
Reasons :
We are having a nice support Zone to downside at 19500, and resistance at 19750.
RSI is in Range 40-60 which is mostly Sideways.
PCR = 0.81 (Mild bullish)
Price < EMAs (Bearish)
Accumalation phase is going on.
Heavy CE writing at 19800 and PE writing at 19600. But more suupport at 19600. if above side 19800 is broken then we can say bulls will be in power.
Verdict:
Sideways until get a nice breakout of level 19750.
Plan of action:
Play Neutral trade until Breakout. after breakout add CE.
NIFTY INTRADAY LEVELS FOR 03/10/2023BUY ABOVE - 19680
SL - 19640
TARGETS - 19730,19770,19850
SELL BELOW - 19600
SL - 19650
TARGETS - 19560,19490,19440
NO TRADE ZONE - 19600 to 19680
Previous Day High - 19730
Previous Day Low - 19560
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 👍
NSE:NIFTY Analysis/Prediction for tomorrow 03-10-2023NIFTY Analysis/Prediction for tomorrow
If price opens between 19580 -19730
🟢 Buy CE Above 19740
✔️ Target Should be 19850
🔴 Buy PE below 19575 trade in less qty you can increase qty after 19450
✔️ Target Should be 19250
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 50: October week 1 Weekly Market SetupWeekly Review
Nifty 50 declined by 0.18% last week to close at 19,638. The major meltdown was seen on last Thursday (weekly expiry) where the index lost close to 200 points where it touched its key support around 19,495 as per our expectations too. While broadly market is now showing mixed sentiments and is largely looking to be a stock specific trading only.
Week Ahead:,
On Daily charts, technical indicators shows bulls giving a good fght to pick up pace for what all the gains were lost in previous few weeks. Momentum is starting to build u but higher levels at 19,740-795 remains key hurdle to continue the larger rally. On the lower side 19495, 19438 and 19376 are important support to hold on.
From levels perspective, I believe it has been quite a downfall and we should see some uptick or a sideway markets now but to say further the outlook would completely depend on how Q2 numbers starts rolling out and what holds post RBI’s MPC meeting results.
*Disclaimer*: I am not SEBI registered analyst and hence the above market outlook is for only educational study and research purposes only. In no way do I endorse this opinion to take a trade or for any investments in markets in any form by any Participant. Be a responsible investor with proper risk management and keep learning as a true focus.
NIFTY - RETRACEMENT ON THE CARDS?Nifty has been falling continuously after making new ATH above 20,000. As the market is digesting the rate pause and a hawkish FED, it has found support at a rising trend line.
Nifty has formed a double doji in the Daily TF and has shown signs an upcoming bounce at the very least. RSI is showing a good divergence in 75 min TF.
Further evidence lies in today's (26th September) trading session when Nifty showed resilience when DOW futures were down roughly over 200 points because of Moody's warning of a potential downgrade on US economy if there was a shutdown on Oct 1.
It seems the right time to play the bounce and if it manages to sustain above the 0.618 ratio, fresh buying can be witnessed too. I expect a bullish monthly expiry on Thursday bearing any black swan events.
NIFTY ANALYSIS FOR 29/09/2023BUY ABOVE - 19560
SL - 19530
TARGETS - 19600,19640,19680
SELL BELOW - 19490
SL - 19530
TARGETS - 19440,19400,19330
NO TRADE ZONE - 19490 to 19560
Previous Day High - 19770
Previous Day Low - 19490
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 prediction today. Will nifty fall more?After the expiry huge selling it indicates quite the bearish trend in the market. If we see 1-D TF chart its bearish engulfing candle, as its in middle of the trend it's not that powerful.
Market might go more bearish as its sitting on Price Action support level. FII perform heavy selling signs bearishness too. and also at the same time having multiple resistance on the above side. So, overall seems bearish.
Reasons :
Multiple resistances above such as VWAP, 50 EMA, 200 EMA 100 EMA. (Bearish)
Price < EMAs (Bearish)
Heavy CE writing on above levels, its starting of the week can say much about bearish or bullish because of it.
PCR = 0.71 (Neutral)
RSI Bullish divergence.
Verdict :
Seems Bearish Based on Data
Plan of action :
Check market intital 15 min trend and place your trade accordendly.
#NIFTY Intraday Support and Resistance Levels - 29/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19560 level and then possible upside rally up to 19680 in today's session. in case nifty trades below 19500 level then the downside target can go up to the 19380 level.
NIFTY--Exhaustion Or Initiation??The Nifty index also same.... as Bank Nifty
Price is exactly closed at strong support... .19500 level. ..
Previously multiple times rejection to the topside is observed at this level...
Now the same level rejects the price downwards.....its bullish again.
If sellers exhausted today, tomorrow price is bullish...
If this is an Initiation of sellers again price is bearish...but already price is in premium zone...
if this is a continuation of down move...will look for buy @discount.
careful before enters in short...
Note:: Please check this post before reading the above description.
Swing Trading Opportunity in NIFTY | YT Ravi's Trading DeskRefer the chart for Entry,Target and SL.
NIFTY Breakout on 30min/hourly/Daily Timeframe also Closed above 200EMA on a Hourly Timeframe which is a bullish Sign.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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NIFTY - Target Levels - THUR - 28.09.23Nifty Spot Price : 19716.5. - VIX SPOT Price : 11.58. -
Nifty Daily Range : 19597 To - 19836. - Watch Option Strike : 19650 CE
Watch The Target Levels : 70----77-----96-----115----135----154---173----192----212----+++++++
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040
NIFTY--19800 or 19600 ??The nifty index broken the trendline Strongly...
If price gives us retest will go for buying...
we have a strong resistance at 19800-19850 levels...
If tomorrow opens flat and consolidation happens look for buy....
After testing these levels price may gives us retest...
soo keep safe
NIFTY INTRADAY LEVELS FOR 27/09/2023SYMMETRICAL TRIANGLE PATTERN
BUY ABOVE - 19700
SL - 19670
TARGETS - 19730,19790,19850
SELL BELOW - 19640
SL - 19670
TARGETS - 19600,19530,19470
NO TRADE ZONE - 19640 to 19700
Previous Day High - 19700
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 👍
Are Bulls back? || Will nifty take support from here? 26 SEP As we have have been discussing nifty fall. Now nifty has proven to 0.5 Fib Level 1H-TF as a good support Level.
yesterday it has also taken a nice support at this level. we are assuming nifty to be in the range 19630 - 19800. Detailed levels are marked on chart.
Reasons :
PCR = 0.81 (Mild Bullish)
RSI Bullish diversion.
Channel is coming to end of break.
RSI Lower Support level might bounce back to bullish zone.
Heavy CE writing on 19700 level.
Heavy PE writing on multiple levels 19600, 19500, 19400. Max pain 19700. if 19700 breaks easier to go higher.
Verdict :
Mild Bullish ( Range 19630 - 19800)
Plan of action:
Hold previous 19750 Straddle, or create a new by checking 15 Min Candle.
NIFTY--Breakout or Fakeout??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.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
NIFTY INTRADAY LEVELS FOR 25/09/2023BUY ABOVE - 19720
SL - 19680
TARGETS - 19750,19790,19850
SELL BELOW - 19660
SL - 19700
TARGETS - 19590,19530,19470
NO TRADE ZONE - 19660 to 19720
Previous Day High - 19790
Previous Day Low - 19660
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--Retracement or Reversal??The NIFTY index again showing bearishness, with gap down opening.
Now price is exactly at the golden zone of Fibonacci retracement.
If price takes u turn from this level to the upside...index is once again breaks the ATH to reach 20500 levels soon.
While going to upside price is showing some sort of consolidation in the levels 20000 and 19700 levels.
So take care this is the crucial zone,
if this zone failed to take the price upside,
wait for the price to break this zone below and wait for the retracement to enter short for continue with the trend.
Keep in watch mode for couple of days.
On top side, price breaks the trendline, it may retest and fall or rise.
ATH is not strong, weak ATH is observed on topside.
All these points are showing bullishness in NIFTY.
Note:: Until price breaks this zone, consider it as a retracement.
will nifty bounce back from here?as we have discussed in our last analysis, we waited and then entred in the 19750 CE + 19750 PE selling. market respected levels quite nicely. seems there might be a bounce back or consolidation from this level.
Reasons :
RSI is very low that indicate the weak strength of the trend. and at the same time Oversold the Market.
Nifty is taking support at 0.5 Fib level of 1H-tf.
200 EMA is also coinsiding with 0.5 Fib level that makes it more strong point to take support.
Its nearby VWAP so we can say price is avraged out. now Buyers might come in the market.
PCR is 0.89 - Neutral
RSI bullish divergence.
Verdict :
Sideways, preparing to bounceback.
Plan of action:
Hold previous position, or create 19750 straddle.