Get started

Niftytrend

NIFTY Podcast 17 Sep 2024Today, only 1 trade was taken. - Initially the market was sideways, as 5m candles closed both below and above Opening Price - 25409 - The OI data was positive, but 2 departments were Bullish, so after taking look at the closer look at the strikes 25400 and 25450, the Put Writers increased, which gave us confidence to take the trade. - The risk to reward wasn't 1:1, instead the target was Thick line, and with 5 points buffer the target was 25441 Notes: - In such sideways market, it would be better to take Short Selling Price Action strategy to aim for 1% target and 1% stoploss.
NSE:NIFTYLong
by gupshupblog
Flag formation in Nifty indicates some strength but be cautious Flag formation in Nifty indicates some strength but be cautious as there might be chances of profit booking at higher levels. The Fibonacci levels drawn based on previous peaks indicate the next resistance between 25449 and 25493. If 25493 is crossed and we get a closing above it there is a possibility of a rally upto 25600 or 25698 levels. This will be a resistance which will be very tough to conquer for now. The support for nifty in case the Flag and pole formation break out fails will be at 25333 and 25270. Mother line support of 50 hours EMA will be at 25193 which is also the mid channel support. Making it a strong dual support.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 17/09/2024BUY ABOVE - 25440 SL - 25380 TARGETS - 25500,25580,25650 SELL BELOW - 25310 SL - 25380 TARGETS - 25240,24190,24130 NO TRADE ZONE - 25310 to 25440 Previous Day High - 25440 Previous Day Low - 25310 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
NIFTY INTRADAY LEVEL FOR 16 SEP 2024BUY ABOVE - 25420 SL - 25310 TARGETS - 25500,25580,25650 SELL BELOW - 25310 SL - 25420 TARGETS - 25240,24190,24130 NO TRADE ZONE - 25310 to 25420 Previous Day High - 25420 Previous Day Low - 25310 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
NIfty50 outlook for upcoming week 16-20th Sept 2024#nifty50 Stellar Climb: The Nifty index has reached a new all-time high weekly close of 25,356, surpassing its previous peak of 25,433. Despite a bearish engulfing candle last week, the Nifty managed to rebound, thanks to a strong performance in the US market. As predicted, the index remained within the anticipated range of 25,500 to 24,150. Looking Ahead: For the coming week, I expect the Nifty to remain within the range of 25,810 to 24,750 . If the index can successfully break above the crucial Fibonacci level of 25,810 , it could potentially test 25,965 , although this may be challenging. However, below 24,750, the DEMA50 support level at 24,624 could act as a strong demand zone. Global Market Outlook: The S&P 500 rallied this week, driven by better-than-expected inflation data and expectations of interest rate cuts. The index closed at 5,626, just below the important Fibonacci level of 5,637. On a weekly timeframe, the S&P 500 is showing signs of forming a W pattern. If it can close above 5,637 for consecutive days, it could open the door to a significant uptrend, targeting 5,806, 5,900, and even 6,005. Such a move could propel the global market, including India's Nifty, towards new all-time high levels of 25,800 or 25,950. However, if the S&P 500 falls below 5,535, there could be selling pressure, leading to potential support levels at 5,493, 5,390, and 5,270.
NSE:NIFTYLong
by ssudhirsharma11
Things look rosy but keep an eye on 2 major global events. Nifty was in consolidation mode on Friday after making a new high on thursday. It seems to have found a temporary support at 25292. If this support is broken there are further supports at 25133, 24910, 24753 and finally Mother line support of 24602. If 24602 is broken bear will be seen in an active mode. however shadow of the candle as of now seems to be neutral to positive. The resistances for Nifty on the upper side are at 25433 and 25537. Channel top seems to be near 25653 and trend top or the medium term target seems to be at 26335. However Nifty will take some time, correction and consolidation before we reach there in all probability. All eyes from across the globe will be on US Fed action on 18th September. If there is no fed rate cut or only 25bps rate cut announced. Bears can attack the market from all sides, so keep a track of this most important global event next week. This is a make or break global event. Also we should be watchful of events around Russia Vs Ukraine as there was a news that US can give a green signal to long range precision made in US missiles to be used by Ukraine. If this happens it can escalate the matter into a massive global event with negative impact on global markets. Although everything seems rosy as of now. Keep a keen eye on these to major events next week or in the coming days. To guard your profit keep trailing stop losses. To protect your capital use stop loss.
NSE:NIFTYLong
by Happy_Candles_Investment