Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23
Nifty closed at 19751 (19655) and touched low & high of 19483 and 19871.
RSI levels and stochastics was near to oversold zone last week end, considering global situation, crude price, Q2 results ( till date) it will test the support level in short term, Q2 results of the balance companies can guide the market.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to below average results. As mentioned before ( past 1 month) book 30% profit in the high valued stocks and be ready with cash.
Nifty was holding the inclined trend support provided at 19400 levels last week, same support level was shared for the last three weeks.
Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks.
Strong Support at Fib resistance at 19320/19445
Also there is a support at 19224 (Previous Low)
Resistance at 19840/19990 ( Fibonnoci resistance )
Nifty Medium Term & long Term -
As market in overbought zone there will be a correction.
Resistance at 20221 ( Prev High ) / 20500
Further to review the Q2 results. To review once Nifty reaches target.
Strong Resistance at 18800.
Niftytrendanalysis
#NIFTY Intraday Support and Resistance Levels - 18/10/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19790 level and then possible downside rally up to 19670 in today's session. in case nifty trades above 19830 level then the upside target can go up to the 19950 level.
#NIFTY Intraday Support and Resistance Levels - 11/10/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19720 level and then possible upside rally up to 19840 in today's session. in case nifty trades below 19670 level then the downside target can go up to the 19550 level.
#NIFTY Intraday Support and Resistance Levels - 04/10/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19500 level and then possible downside rally up to 19380 in today's session. in case nifty trades above 19550 level then the upside target can go up to the 19670 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.
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 50: Rally till 20,300-20,550 on chartsWeekly Review
When you see markets in uptrend you often wait for a colling off in a rally and I believe most of the people whom I talked in last two weeks are totally of the same opinion as well having a bearish view now but let me hold your horses here if you’re thinking the same way too. Nifty is not in an exuberant rally or a steep rally which often occurs as a spike but it’s on a clean Falling wedge pattern breakout post hitting 19,230 in august and so is the continuous rise in the Index since last few weeks where the last week itself contributed almost 1.88% with a gain of 372 points taking index to new highs of 20,222.
Week Ahead:
On Daily charts, the index stands strong with good volumes to continue its rally from current levels of 20,192, with nearest resistance at 20,297(20,300) and 20,500-20,550. Considering if any pause in the rally if occurs it can retrace till 19,993 and 19,792 which will be the key supports. Personally I don’t see any neutral to bearish view but a stable long until 20,300 atleast and a max 20,550 since the weekly charts are showing a clear bullish stance and a uptick in momentum reflective of much steam left in the markets.
NIFTY - Target Levels - 18.09.2023.Nifty Spot : 20169. Option Strike : 20200 CE & 20200 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers..
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
Stop Loss... Above or Below.. Break Even Point..
Don"t Enter Blindly.
We Focus On Our Daily Analysis..
Combination Theory Of Delta, Gamma & Thetta,.
Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
Fibinacci Retracement Levels, Techninal View On Break Even Point.
Wait For Support or Resistance Breaking.. That Time Watch The Market Carefully.
Market Moves in UpTrend or DownTrend.
Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.
Its Most Important For Daily Tradings….
BY : newsbharathi27040.
13.09.2023 NIFTY- 20000 CE & 20000 PENifty Spot : 19985.65
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option STRIKES & Level One Week.
Draw The Lines Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Strike : 20000 CE
Buy At : 100, Sl : 85, Next Sl : 60
Target : 119
Target : 143
Target : 166
Target : 190
Target : 209
Target : 238
Target : 261
Target : 285
Option Strike : 20000 PE :
Buy At : 90, Sl : 80, Next Sl : 55
Target : 113
Target : 135
Target : 158
Target : 180
Target : 203
Target : 225
Target : 248
Target : 270
Every Target Point Is An New Buy Entry. First You Conform The Trend..
Market Goes Uptrend Or Downtrend. Then Only You Entre CE or PE Strike.
If You Enter... Stop Loss is Below The Entry 15 To 25 Points.. Otherwise You Loss The Money.
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
Don"t Enter Blindly.
#NIFTY Intraday Support and Resistance Levels - 12/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 20000 level and then possible upside rally up to 20120 in today's session. in case nifty trades below 19980 level then the downside target can go up to the 19860 level.
NIFTY 08.09.2023 LEVELSNifty Spot : 19727.05
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option Level One Week.
Draw Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Buy 19600 CE : Buy At : 133, Sl : 86
T1 :166, T2 : 200, T3 : 233, T4 : 270, T5 : 300
Option Buy 19600 PE : Buy At : 82, Sl : 53
T1 : 102, T2 : 123, T3 : 143, T4 : 164, T5 : 184
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
SL Break Even Point Near
NIFTY ANALYSIS FOR 4th SEPTEMBER 2023-FOR EDUCATION PURPOSE ONLYNIFTY ANALYSIS FOR 4th SEPTEMBER 2023-FOR EDUCATION PURPOSE ONLY
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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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...
NIFTY--Liquidity @19650 and @19300 ??Nifty index price is turned to be bearish from a ranging...
now the price is near to its bullish gap...
If this acts as support and trendline breaks price is said to be bullish again...
clears the liquidity @19600-19650 levels...
be on bearish side until price breaks trendline...
If trendline breaks keep on buy side up to 19550 and 19600 levels.
Keep safe before short side...as it is on important level of support @19300 levels.
If price is continue to be bearish then we have a another bullish gap + Demand is located @19150 levels...
before going down it may clears the liquidity on top side...keep safe...
Totally Ranging from 19650-19150 levels.
Nifty 14Aug23 to 18Aug23 Short,Medium,Long Term & StockPickNifty 14Aug23 to 18Aug23 Short,Medium,Long Term & StockPick
Nifty closed at 19428 ( 19517) and touched low & high of 19414 and 19643.
Nifty couldnt cross the Short term resistance 19650 last week and lowered to 19400 level.
RSI and Stochastic level dipped to 47 % & 23%. Stochastic in over sold zone.
Nifty- Short Term will go down
Resistance at 19550-19493 ( Inclined Trend line)
Support at FibRetracement- 0.5 (19319) & Prev Aug Ist week Low ( 19300)
Nifty Medium Term -
After a dip as mentioned above Nifty need to cross decisively above the support 19300-19400 in the coming weeks to regain 19700 and above.
Nifty support at 19150, 19070
Long term-
Q1 results are average for majority of stocks except Banks stocks & to review the Q2 results.
Stock specific approach needed in the upcoming market.
Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ):
Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks.
13-Aug-23 : Buy on dip SBI ( 579) & ICICI Bank ( 954)
CIE Automotive (RS 490 ) call was given prev week at 473 and raised 8%, dipped to 470 last week & raised. Can buy on further dip with Medium term outlook .
Other buy Calls provided a month before:
HDFC Bank , L&T Tech ( 8% up), KPIT (8% Up ), PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (21 %), Route Mobile, Bank of Maharashtra ( 35 %), Andhra Paper(3%) Accelya Solutions (4% up)
NIFTY-- 20500 or 18500 ??Price created a strong bottom at 19300 level...
multiple times the price is taken the support from 19300 level.
This level is crucial for Nifty to sustain above 20K.
if price again creates a strong bullishness from this zone this will break the 20k zone and Reaches 20500 level easily.
the zone @19300 level is the price gives us discount, to enter long for 20500 level.
After a strong break from previous strong resistance @18900 levels,
this fall is a discounted price, those who wants to ride the trend will go for long side..
so, when to enter in long side....
from which place we have to be on the buy side....
look at these analysis... you will get a clear picture
An inverse head and shoulders pattern may form to take the price to reach 20500 levels.
so keep watch this levels by keeping an alerts.
If this fall continue It may reach 18900 and 18600, before reaching this it has to give some retracement.
will see what happens.
Thank you guys for your support and Encouragement.
#NIFTY Intraday Support and Resistance Levels - 02/08/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19720 level and then possible downside rally up to 19620 in today's session. in case nifty trades above 19760 level then the upside target can go up to the 19870 level.
Nifty Outlook for JulyConsidering option data and Price Patterns,
The channel trend still persists, and price movement is within the regression channel. Expecting to test the below-highlighted supports, the Price movement will be sideways for this month. As long as the price is above 18600, there is no need to consider a bearish outlook on the Nifty.
Support levels are
S1: Trendline connecting historical tops
S2: 19000
S3: 18600
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...
NIFTY--Trending Expiry ViewObservations::
price is exactly closed in the supply zone....where price strongly fall from these levels.
we have to wait before sell...
price is again fall below,19410 level,and this level has to reject for more fall.
yesterday price broken the trendline and retested...now we have to check fall happens are not.
the area of value at 19380 level will push the price up...to test the supply one more time...
be on the bearish side from these levels...
On bottom side price tested the demand zone at 19340,today it will not respect it gives us pullback or break may happens and retest will come. So will enter for short for targets of 19300 and 19260 levels.
If price wants to go up, it has to break and retest of supply and then only bullish...
fake out will also be happens at this level.
Keep track this level...key level 19410 level.