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Nifty Short, Medium & Long Term : 28-Oct-24 to 01-Nov-24Nifty Short, Medium & Long Term : 28-Oct-24 to 01-Nov-24 Nifty closed at 24192 (Last week 24854) and touched high & low of 25971-24197 RSI ,Macd and stochastics levels are down to the bottom. market Broke the key short term support at 24560 and went down. Last week Market was down as expected by more than 700 points but slightly recovered on last day of trading of the week similar to previous week. FII pulled out money and investing in China, Japan in Oct 2024. Indian Stock Valuation after Q2 results, Middle East tension are the reason for the fall. Caution was emphasized on Nifty for last 4 months as nifty PE ( Currently 22.8) is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high and advised those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Fundamentally good stocks to be invested at these time. My Stock Pick will be provided in this week. Nifty 24854 Short term ( Short Term : Neutral) Nifty short term resistance 24450 & 25365 Support at 24000, 23885 Medium Term next target is 25750 ( if move up decisively above next target is 25370), 26268 ( all time high), 26968 Medium term Support 22800. Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance). Support at 21900
NSE:NIFTY
by karthikss
Preparing For Pre Election Volatility - Stay Protected From RiskI wanted to highlight what I believe is the most likely 5 to 10+ day price activity and why I believe traders should immediately begin to prepare for extreme price volatility. I believe the SPY/QQQ will move into a very moderate rally phase over the next 2 to 4 days, then peak near Oct 30-31 and shift into a very aggressive downward price trend. That downward trend could evaporate 5.5 to 8.5%++ (possibly even resulting in a 10-14% downward price move in some of the most volatile tech sector stocks/ETFs). Traders really need to understand the risks of holding positions through the election vs. the opportunities of CASHING out of 80-85% of your holdings and attempting to buy back into those same symbols at a 5.5 to 8.5% discount on November 6-8. Think about it. Why take the 6 to 10%+ risk when you don't have to. Again, I'm trying to help you plan and prepare for what I believe is likely to happen. I could be wrong - we'll see. But, even if I'm wrong about some of my expected ranges, you would still be able to buy back into these shares at a reasonable price no matter what happens. Remember, a quick 6 to 10% pullback can provide a very good opportunity for skilled traders. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
FX:SPX500Long
by BradMatheny
NIFTY50: INSTITUTIONAL LEVELS FOR 28/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
Weekly Recap & Market Forecast $SPX (Oct 27th—> Nov 1st)Market Forecast (Updated 10/27/2024) **SPX** - Tesla and NFLX started the tech earning season extremely bullish, The rest of the Mag 7 reports this week so there's def going to be volatility. Next resistance: 5,913 and 5,940 Next support: 5,770, followed by 5,570 Weekly Sentiment: Oversold (Possible bounce week) **Dollar Index:** DXY- Canada and china just cut rates, and now ECB is considering a 50 BPs cut. So DXY may continue to see strength but that also puts more pressure for fed to more rates. Next resistance: 104.60 and 106.10 Next support: 103.20 and 102.60 Weekly Sentiment: Bearish (cross to downside) **Put to call Ratio: 1.60—> 1.39 Next FOMC date: 11-06-2024** **Fear & Greed Index: 75—>59**
TVC:DXYLong
by WallSt007
BANKNIFTY: INSTITUTIONAL LEVELS FOR 28/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:BANKNIFTY
by tony_fx_sm
Could US30 drop from here?The price is rising towards the resistance level which is an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 42,413.14 Why we like it: There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 42,768.22 Why we like it: There is a pullback resistance level. Take profit: 41,939.71 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DShort
by VantageMarkets
2024 Intermarket AnalysisThis chart compares the performance of several key assets—Bitcoin (blue), Gold (yellow), the S&P 500 (red), the U.S. Dollar Index (green), and WTI Crude Oil (white)—over the past year. Here’s a breakdown of each asset’s performance and its potential implications: Bitcoin (Blue) - Up 50.63% Bitcoin has shown strong performance, with a notably higher volatility than the other assets. The cryptocurrency's rise, particularly in recent months, indicates strong demand and possibly a growing interest in Bitcoin as an alternative asset. Its uncorrelated behavior compared to traditional assets, such as the S&P 500 and Gold, highlights its appeal as a diversifying investment, especially during periods of macroeconomic uncertainty. Gold (Yellow) - Up 32.47% Gold has performed solidly, with a significant positive return, reflecting its status as a safe-haven asset. The increase in gold prices suggests that investors may be hedging against inflation, economic instability, or potential currency devaluation. Gold’s upward trend, coupled with its stability compared to Bitcoin, shows that it continues to be a reliable store of value. S&P 500 (Red) - Up 22.46% The S&P 500 is underperforming compared to other assets. This is influenced by economic slowdown concerns, investors potentially seeking alternative or defensive assets. U.S. Dollar Index (Green) - Up 2.24% The U.S. Dollar Index has shown mild growth, suggesting a stronger dollar relative to other currencies. This strength may stem from tighter monetary policy and interest rate hikes by the Federal Reserve. However, the dollar's relatively flat trajectory over time shows mixed reactions to broader economic conditions, with the currency acting as a moderate safe haven. WTI Crude Oil (White) - Down 2.36% WTI Crude Oil has seen a minor decline, with fluctuations reflecting supply-demand dynamics, geopolitical factors, and economic slowdown fears. The relative stability in oil prices compared to Bitcoin and equities might indicate a balanced market sentiment around energy demand and supply. However, as a crucial economic indicator, crude oil’s trend is essential to monitor for insights into broader economic activity. Key Takeaways: Risk Appetite vs. Safe Haven: Bitcoin and Gold have outperformed, possibly reflecting a flight to alternative and safe-haven assets amidst economic uncertainty. Dollar's Stability: The U.S. Dollar has remained relatively stable, benefiting from its safe-haven status without extreme growth or decline. Energy Market: Crude Oil’s moderate performance suggests mixed sentiment in global economic growth expectations. This analysis indicates a preference for alternative investments like Bitcoin and Gold, It reflects investor caution amidst economic concerns, with the Dollar and Oil serving as more stable assets
TVC:DXY
by Moshkelgosha
1
Pulse of an Asset via Fibonacci: NDX at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Part of my ongoing series to collect examples of my Methodology: (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related. .
NASDAQ:NDXEducation
by EuroMotif
US30 BUY ANALYSIS US30 BUY ANALYSIS Technical Analysis: 1. Ascending Channel: • The price is trading within a well-defined ascending channel. The current position of the price is at the lower boundary of the channel, which typically acts as a strong support zone. • Buying near the lower trendline is a strategic move, as the expectation is for the price to move back up towards the upper boundary of the channel, following the trend. 2. Support and Risk Management: • The lower channel boundary aligns with a previous key support level, increasing the probability of a bounce. This provides a favorable risk-to-reward ratio, with a clear stop-loss below the channel. • The trade setup targets a move to the upper channel boundary, offering a potential upside while keeping risks managed. 3. Bullish Momentum: • The overall structure remains bullish, with the price making higher highs and higher lows within the channel. This indicates that the broader uptrend is intact, making a buy position at support more attractive. Conclusion: The decision to buy US30 here is based on the current position within the ascending channel, taking advantage of the support provided by the lower trendline and targeting a potential move back towards the channel’s upper boundary for profitable opportunities.
BLACKBULL:US30Long
by US30EMPIRE