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Niftytrading

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... .
NSE:NIFTY
by IIT-Trader
3
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.
NSE:NIFTY
by IIT-Trader
5
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.
NSE:NIFTY
by finnova_
NIFTY S/R LevelsI 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
NSE:NIFTY
by IIT-Trader
5
NIFTY Shifting to a long term buy.Nifty 50 turned oversold last Thursday on the 1D technical outlook and that attracted investors which restored the timeframe from oversold to just bearish (RSI = 38.950, MACD = -141.600, ADX = 34.223). This shows considerable buying strength, a little over the 1D MA200, a support level that is holding since April. The price action look very much like August-September 2022, when again a nearly oversold 1D RSI on the 1D MA200, kickstarted a rise to a HH on the 1.5 Fibonacci level. We see a similar trend emerging, so take this opportunity to enter in its start and target again the 1.5 Fib (TP = 20,950). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NSE:NIFTYLong
by InvestingScope
NIFTY--Consolidation + Down= Rise from Trendline??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.
NSE:NIFTY
by IIT-Trader
4
NIFTY: Relentless rally. Enter on the next pullback.Nifty 50 is having a relentless rally and is almost on overbought technicals on the 1D timeframe (RSI = 69.294, MACD = 68.470, ADX = 39.696). This calls for a short term pullback to the 1D MA50 as a similar fractal did in October 2020. Harmonic Bullish Cross relation on both fractals as they started the long term rallies after crossing above the 1D MA50 following prolonged Bear Markets. We are on a symmetric 1.236 Fibonacci top and should find Support on the 0.786. We will buy there, targeting the 2.0 Fibonacci level (TP = 20,760). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NSE:NIFTYLong
by InvestingScope
NIFTY--Retracement to trendline??Key level of resistance, (broken trendline and retested candle)... if the index further wants to fall again this has to push the downside... so keep an eye at this level... It may again have a chance of test the above level of resistance... keep look at these 2 levels... After a breakdown price is giving us some retracement...look for sell in this area... if breaks above it may clears the liquidity above 19650 levels.... keep safe at this place...without confirmation don't go for any positions...
NSE:NIFTY
by IIT-Trader
2
Nifty Breakout or Breakdown Risk Reward 1:3 TradesRules: In this approach, Once Breakout or Breakdown levels are breached, we initiate Long or Short positions accordingly with Proper stop loss as mentioned in the chart. Since the Risk Reward is 1:3, we can take a maximum of 3 trades. If we follow this approach, over the long run, money is gained. A trader is advised not to treat these setups as lottery tickets. Since only I know why these work (while others may not), only I have the conviction to trade them in real market. So kindly treat them as educational trades only. Happy Trading!
NSE:NIFTY
by PredictNifty
Nifty Weekly Analysis for Jul 17 - 21🔍 Analysis on Nifty for the Upcoming Week 🔮 Jul 17 - 21 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 19190, 19200, 19330, 19600. 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional view (Sideways). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 19600, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890level. 📊 Support Level: As long as Nifty sustains above the support level of 19190, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
NIFTY--Trend Resumes or Reversal ??Observations:: In higher time frames nifty is still in uptrend...if its continue or reversal will see in live. price created a demand zone @19380-19340 range.... today price has taken the demand zone entry and moved up...no short side momentum is given for us. A multiple breaks to the upside is observed from this zone.... until price breaks this demand zone...don't think of short side. keep on buy side. when price tested this demand again, and failed to create a new high, then will see the plan of sell action. will update once it is reversed. All these analysis is post market analysis...live market is entirely different from post market analysis.. will see on live market what happens...
NSE:NIFTY
by IIT-Trader