NIFTY INTRADAY LEVELS FOR 31 JULY 2024BUY - 24860
SL - 24780
TARGETS - 24930,25000,25080
SELL - 24780
SL - 24930
TARGETS - 24710,24660,24590
NO TRADE ZONE - 24780 to 24860
Previous Day High - 25000
Previous Day Low - 24780
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.
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Niftytrend
#NIFTY Intraday Support and Resistance Levels -30/07/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 24810 level and then possible downside rally up to 24690 in today's session. in case nifty trades Above 24860 level then the upside target can go up to the 24980 level.
24773 is a critical support to watch going forward. 24773 is a critical support to watch going forward. If that support is not broken tomorrow or later this week we can see upside once again with resistances at 24871, 24957, 24999 (today's high) and finally 25037. Supports at the lower side are at as mentioned 24773, 24661, 24606 (50 hour's EMA (Mother Line) merging with Mid channel support. Making this support as another major critical support after 24773. Below 24606 bears will get back to business and can further drag the Nifty to 24496 or even 24375. The rally can turn around and loose steam completely if we get a closing below the final support zone of 24218 and 24186(200 hour's EMA father line). Channel bottom is also round about that area.
NIFTY INTRADAY LEVELS FOR 30/07/2024BUY ABOVE - 24860
SL - 24780
TARGETS - 24930,25000,25080
SELL BELOW - 24780
SL - 24930
TARGETS - 24930,25000,25080
NO TRADE ZONE - 24780 to 24860
Previous Day High - 25000
Previous Day Low - 24780
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 👍
Nifty Analysis for Monday 29 july 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000.
So I am providing highest probability intraday setup in Nifty50
My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce.
If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
Fibonacci sequence drawn on recent peak/bottom shows upsideThe Fibonacci sequence when drawn on recent peak and valley is showing a decent upside still if a major trend line resistance near 24967 is crossed and we get a closing above it. In such a scenario the peak of the current up trend seems to be near 25593. We have got a decent closing above an important fibonacci level of 24707. This becomes an important support now. Below 24707 the significant support levels are 24091, 23931, 23757 (50 days EMA, Mother line)(Read my book The Happy Candles Way available on Amazon to understand more about the Mother father and the small child concept/story.) If we get a closing below 23757, 23400 and 22814 are major support before we hit 200 day EMA or father line at 22088(Below which Bears will be in full power but we are far away from that zone as of now).
NIFTY INTRADAY LEVELS FOR 29TH JULY 2024BUY ABOVE - 24860
SL - 24780
TARGETS - 24930,25000,25080
SELL BELOW - 24780
SL - 24930
TARGETS - 24930,25000,25080
NO TRADE ZONE - 24780 to 24860
Previous Day High - 24860
Previous Day Low - 24440
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 👍
#nifty50 analysis for upcoming week 29th July-2nd Aug 2024Nifty roars to new heights, scaling a weekly peak of 24,830, a sizzling 300 points above the prior week's close. This bullish run, marked by a high of 24,861 and a low of 24,074, was anticipated by many. As predicted, the Union Budget unleashed a wave of volatility, with the Nifty diving 2% initially due to increased LTCG, STCG, and the removal of indexation benefits. Yet, the index swiftly recovered, mirroring the market's resilience.
This volatility created golden opportunities for savvy investors. Stocks like IRFC and IRB plunged by 20-30% on budget day, only to rebound sharply, indicating a rush to capitalize on these dips. Nifty has been tightly confined between 25,000 and 23,950, a range it's respected diligently. For the upcoming week, I expect a trading band of 25,400 to 24,300. A breakout from either end promises exciting fireworks.
While the daily chart shows some weakness, the weekly and monthly trends remain robust. A decisive close above 24,900 next week could ignite a rally towards 26,300. However, the looming RBI policy announcement on August 8th casts a shadow, potentially triggering another round of selling. Until then, the bullish undercurrent is likely to persist.
NIFTY Pre - Budget Surge : Caution Ahead...!Hello Traders,
I hope you are all thriving both in your trading endeavors and in life. Today, I bring you an exciting opportunity with a new analysis of NIFTY that's poised for a significant move. Our in-depth analysis reveals that...
NSE:NIFTY
As anticipated and previously mentioned, the past week ended on a negative note (pre-Budget). This week holds the potential for new highs. However, caution is advised, as this will likely be the final move in the sequence that began on October 23, 2023. It is prudent to brace for an impending correction.
Here are the technical details:
I. Resistance I: 24,854.80 ~ 24,910 (conj. Extended trend line from March 20, 2023)
II. Resistance II: 25,120 (Extended trend line from June 1, 2022)
III. Resistance III: 25,460 (Extended trend line from January 24,2024).
***Please note that these values are not actual but indicative levels of support and resistance.
A Gann ideology is that , the move from October 26, 2023 is also facing a time resistance of 270 days (90*3) which is an important number not to consider it lightly.
Furthermore, for the move from March 20, 2023 it is 490 days (360+90+45 or 135) which is also an additional reason factored in to be more cautious!
Following this, the market is expected to take a breather, with profit booking potentially dragging the markets to deeper levels before any new uptrend is initiated (The correction in monthly scale can be anticipated). Further details will be discussed as the market evolves.
Strategy:
Being bullish at this juncture seems prudent, only till R II (for conservative / Defensive) & RIII (for Pro-active / Enterprising).
Disclaimer: Before we conclude, I want to remind everyone that the insights shared here are based on my own analysis. It's crucial that you perform your own research and, if necessary, consult with a financial advisor before making any trading decisions. The financial markets are dynamic, and it's important to ensure that your strategies align with your personal financial goals and risk tolerance.
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Dear Traders,
If you appreciate my work, please don’t forget to like and follow me. I would also love to hear your thoughts on this idea in the comments section and will be delighted to respond to each one.
Thank you for reading the article.
HAPPY TRADING
NIFTY INTRADAY LEVELS FOR 26TH JULY 2024BUY ABOVE - 24440
SL - 24360
TARGETS - 24530,24530,24590
SELL BELOW - 24360
SL - 24440
TARGETS - 24310,24230,24160
NO TRADE ZONE - 24360 to 24440
Previous Day High - 24440
Previous Day Low - 24230
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 👍
Positive from today: RSI getting stronger, Trendline crossed.Support and resistances for Nifty almost remain the same after action today but the positives are that RSI is getting stronger, Trendline resistance is crossed and an additional support at 24210 is gained. The obstacle still remains at Mother Line that is 50 hours EMA currently at 24455. For Nity to be bullish we need a closing first above 24455 and then above 24525.
Supports For Nifty: 24307, 24210 and zone between 24094 and 24074 is very strong support zone as it includes Father line (200 Hours EMA.)
Resistances for Nifty: 24455 (50 hours EMA or Mother Line), 24525, 24584, 24686 and finally 24842.
Note:-
To know more about Father mother and the small child story and it's connection to 50 and 200 EMA read The Happy Candles Way to Wealth creation available on Amazon.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Review and plan for 25th July 2024Nifty future and banknifty future analysis and intraday plan in kannada.
Stocks to watch.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
NIFTY INTRADAY LEVELS FOR 25 JULY 2024BUY ABOVE - 24480
SL - 24440
TARGETS - 24530,24590,24660
SELL BELOW - 24400
SL - 24440
TARGETS - 24310,24230,24160
NO TRADE ZONE - 24400 to 24480
Previous Day High - 24480
Previous Day Low - 24310
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 👍
NIFTY - high are placed? what's next??#NIFTY.. well as you can see guys everytime market make a channel and then broke and place another high. and now gain market were trade in a channel and then boke it.
now we have 24060 at downside and upside we have 24600 around.
so now keep close it market hold 24600 then drop expected and downside areas are mentioned on chart.
good luck
trade wisely
Tale of 2 cities. Unseeing this would be difficult once you see this. The rage that I have drawn here is an exact 3000 point expansion in Nifty spot and Nifty Fut. Both are trading in the top quadrant. 100% and 50 % and both curiously the same: 24841 and 24100.
I am not taking sides. If it breaks lower, it could test 24100 again.
If not, it could either consolidate in the upper quadrant OR break higher.
The run up to the budget had huge expectation of Capex in infra, railways, shipbuilding and fertilizer stocks. We need to see how they fare tomorrow. I am not sure what the industry expectations were.
I will watch out for these levels to take trades.
One Key parameter I follow is advance decline ration. That has improved to 962:1374 today.
Should I look UP? I don't know
Should I look down? I really don't know.
The 2 cities to watch out for are 24841 and 24100.
NIFTY INTRADAY LEVELS FOR 24/07/2024BUY ABOVE - 24530
SL - 24480
TARGETS - 24590,24660,24730
SELL BELOW - 24440
SL - 24480
TARGETS - 24400,24350,24230
NO TRADE ZONE - 24440 to 24530
Previous Day High - 24590
Previous Day Low - 24070
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 👍
Review and plan for 24th July 2024Nifty future and banknifty future analysis and intraday plan in kannada.
Stocks to watch included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
NIFTY BUDGET DAY ANALYSIS 23/07/2024BUY ABOVE - 24530
SL - 24480
TARGETS - 24590,24660,24730
SELL BELOW - 24480
SL - 24530
TARGETS - 24440,24400,24350
NO TRADE ZONE - 24480 to 24530
Previous Day High - 24590
Previous Day Low - 24350
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 👍