Nifty Indicating Fall PatternNifty Indicating Chart Pattern & expected Target as indicated in chart. Note: This is just for analysis purpose. Pls trade as per your risk appetitive by SK_20210
NIFTY Crash Coming or Minor Pullback?NSE:NIFTY gave a monthly negative close after a clear 5 wave rise. Does it mean we are going to see a crash or it might be just a regular pullback? In this video, I have covered both alternatives with possible levels to watch out for.Short07:54by YetAnotherTA1
NIFTY50.....Higher Volatility expected!Hello Traders, The NIFTY50 is more or less trading in a sideways range between 24073 and 24500. It has not reached the descending trend line (blue) drawn on the chart. It needs to break this line to the upside in order to bring fresh buying interest into the market and break the gray trend line around the 246xx area. Depending on if and when this happens, the next resistance is the 24850 area (red line)! As you can see, a lot of resistance ahead! On the downside, a break of 24073 (hourly close at least) opens the door to further selling pressure, probably to the 23400 area. The wave count remains unchanged and will be updated in the coming days. Expect more and "higher" volatility in the coming days due to the US vote! I recommend staying out of the market until Wednesday to get a clearer view. No one knows what the reaction in the US will be to the vote! Have a nice weekend..... Ruebennase Please ask or comment as appropriate. Trading based on this analysis is at your own risk. by ruebennase4425
Nifty 50 slip till 20500 till May 2025 after then pull back Nifty 50 main Index has created Bullish Harami Candle, so the downward journey is to be continue till major support of 20000-21000 Longby sachin51murkute2
NIFTY WEEKLY VIEW ( November 1st week )Nifty is looking out of trend and we can see some more retracement but expecting green closing weekly basis . Currently trading at 24304 we can expect some more retracement upto 23600-400 and then upside . if nifty crosses 24470 then we can see further upside . All levels are marked in chart posted.Longby IshanMathur051
Nifty Month of November OutlookNifty is looking weak and it can retrace upto 23300 , 23300-200 will work as a very important support for bulls as it indicates completion of short term profit booking. IF we touch 23300-200 in the first half of the month then we can see strong short covering upto 25000-25300 levels. ALL LEVELS ARE MARKED IN CHART POSTED.by IshanMathur050
Nifty 50 Trading Shades of GreyTrading the Greys New Week New Zones for Nifty. No positional trade for now for now. Shortby Prakash-Mandal1
Performance of U.S. and Indian Indices (2012-2024)Comparative Performance of U.S. and Indian Indices with INR Adjustment for period (2012-2024) This TradingView chart displays a comparative performance analysis of multiple indices and assets from 2012 to 2024, measured in a mixed percentage scale. The assets include: 1. **QQQ in INR** (QQQ * USDINR): Represented in green, this line shows the Nasdaq-100 ETF (QQQ) adjusted to Indian Rupees, which has the highest performance, growing approximately +1,267.50% over the period. 2. **Nifty Midcap 150** (NIFTYMIDCAP150): In pink, this index tracks India's mid-cap companies, showing a significant growth of +883.72%. 3. **QQQ**: Shown in cyan, this is the U.S. QQQ ETF in its original USD form, with a return of +705.77%. 4. **S&P 500 in INR** (SPX * USDINR): In blue, this line represents the S&P 500 index adjusted to INR, showing an increase of +641.27%. 5. **Nifty Junior (NIFTYJR)**: Represented in purple, this index tracks India's next 50 large-cap stocks after the Nifty 50, showing a gain of +617.46%. 6. **Nifty 50** (NIFTY): In teal, this represents India’s benchmark index, which has grown by +423.78%. 7. **S&P 500** (SPX): In red, this represents the S&P 500 in its original USD form, with a performance of +336.51%. 8. **Gold in INR** (GOLD * USDINR): Represented in red, this shows the price of gold adjusted to INR, growing by +167.45%. The chart indicates that, over this time period, U.S. tech (represented by QQQ) outperformed Indian indices and other asset classes when adjusted to INR, showcasing a strong relative growth in technology-focused U.S. equities compared to Indian mid-cap, large-cap indices, and gold. The Nifty Midcap 150 also exhibited impressive growth, especially when compared to other Indian and U.S. large-cap indices. Gold, while traditionally considered a safe asset, showed the least growth in comparison to equity indices. This chart offers a clear view of the benefits of sectoral diversification, currency-adjusted performance, and asset allocation across different geographic regions.Longby jatingera0
#Nifty50 outlook for upcoming week 4th-8th Nov 2024Last week, the Nifty 50 index concluded at 24,304 points, marking a 125-point surge from the previous week's close. It reached a high of 24,498 and a low of 24,134. As anticipated, the index successfully tested the 24,500 resistance level before settling at its current position. With the India VIX index indicating an upward trend, the Nifty 50 is expected to trade within a broader range of 24,900 to 23,700 in the coming week. A breach of these levels could trigger significant market volatility. The upcoming US elections on November 5th are likely to intensify the tug-of-war between bulls and bears. I'm closely monitoring the 23,511 level (DEMA200) as a potential entry point for NiftyBees. However, it remains to be seen if this opportunity materializes. S&P 500's Weekly Performance and Outlook The S&P 500 index ended the week at 5,728 points, approximately 80 points lower than the previous week's close. It touched a high of 5,850 and a low of 5,702. This week, the index found support at the DEMA50 level. If it dips below 5,702 next week, it could test support levels at 5,637, 5,585, and 5,400, which would have negative implications for global markets. To resume its upward trajectory, the S&P 500 needs to close above 5,700 on consecutive days. This could propel it towards the 5,821, 5,868, and 5,899 levels.by ssudhirsharma110
Expecting Something Vital Here | NIFTY @ 13:15-13:30Again a post for educational purpose that how technical analysis can help you to predict direction and plan accordingly. This doesn't only help in index trading but also helpful for your investment positioning.by dipanjanxsamanta1
NIFTY S/R for 4/10/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh3
NIFTY @ 24205: Bigger Picture Analysis 01-N ov-2024NIFTY @ 24205 SUPPORTS: 20000/15100 RESISTANCE: 26278 Downisde can be 23980/23100/21600 As long as 20000 holds support and reversal from the above leves, I expect to see 26278 first. Further targets: 27850, 31200. Long Term targets: 34150-35800-38000 44300-45800-50600 69500by kacraj2
Nifty Views as Fresh Month began 01/11/2024I have tried to explain every thing on the chart. lt is a broad based view based on significant levels existing on quarterly and monthly levels. For, immediate trading one month look at weekly and monthly levels. by AMGO_Markets7
FIIs continue to weigh in on Nifty Index. Unblemished sell off from FIIs has dampened the festive mood of investors in the Indian markets. Looks like there was not much support for DIIs today as Retails investors might be busy with Diwali festival so FIIs today had a clear upper hand. There are signs of bottom formation and Higher high higher low pattern is formed on Nifty. Unless we have a closing below 24172 or 24069 levels, I think the things will hold. If we get a closing below 24K bears and FIIs can push Nifty further down to 23.8K or 23.2K levels. Thus supports for Nifty are at 24172, 24142 and 24069 levels. Resistances for Nifty remains at 24242, 24370, 24395, 24505, 24601, 24702 and finally 24811 levels. 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.by Happy_Candles_Investment5
nifty at support zone?NSE:NIFTY nifty long , good entry range. note: don't trade with this suggestion, please trade with ur own responsibility.Longby nagawww2
NIFTY VIEW FOR COMING DAYSGuess what the H&S is still in the making and the ones who believe that it's over can take a look at this. I don't think any explanation is required here, if anyone has queries can drop them in the comment box NIFTY_2024-10-31_13-28-47.pngby vishman0106110
Nifty is currently in sort of a trap zone.As shown in the 15 min chart, wait for the Intraday S-1 support to break decisively and a short position can be taken till the area of minor support. While my straddle position is still open, I'm looking for an intraday shorting opportunity on Nifty if my conditions get fulfilled. However, I won't be going Long on Nifty.by Sky_Tracer111
#NIFTY Intraday Support and Resistance Levels - 31/10/2024Gap down opening expected in nifty. After opening if nifty starts trading below 24250 level then possible downside rally upto 24050 level in today's session. 24300-24500 range is consolidation zone for nifty. Strong bullish rally expected if nifty starts trading above 24500 level.by TradZoo4
Nifty possible support and resistance areaIndex is trading with a mixed tone with an upper hand for bears todays its an expiry day for october series the circled area could provide support while a diwali upmove is what street expects the marked areas are expected support and resistance zone by pratik23580
This point needed to be broken for a reversal inn NiftyGood Morning Everyone! 31st Oct. 2024, Thursday Many are thinking the market trend is bearish. No, it's definitely down, but not entirely bearish just yet. So be cautious about shorting after 1 pm today. Until then, expect a downmove toward the support at 24,224. However, based on the MACD chart, we may see a rise to the resistance levels at 24,528/24,817. If you get an opportunity to short, be sure to lock in some gains as momentum shifts. Yes, I’m talking about a reversal in NSE:NIFTY . With both Technicals and #Macros aligned, the index seems ready for a reversal. NSE:BANKNIFTY appears to be stuck sideways. However, it looks strong in the second half. Resistance for the day is at 52,200, while support sits at 51,600. Between these range, it’s just the usual options decay game. Look for stocks that have bounced at least 3% from support with solid volume for trading opportunities ahead. That’s all—have a profitable day! 🔴 Disclaimer - Not a Buy/Sell Recommendation. Longby Trendxinc0
Nifty 50 Trading Shades of GreyI've been trading these shades of grey at 5 minutes for day trade. These haven't failed me yet. You can try to track it and I may actually update it every week. Because these shades are made at a weekly timeframe. I used to be miserable in the beginning but since I learned to make this shaded chart my success rates have improved. You can choose to swing it too by updating your TSL a shaded grey area below. If its hit you can reenter 1 shaded area up again or take a trade in the opposite direction. I majorly trade options and was very unprofitable before I stumbled upon this. I'll make a indicator out of it soon. by Prakash-Mandal227
NIFTY : Trading Levels and Plan for 31-Oct-2024 Intro: On the previous trading day, Nifty exhibited a mix of consolidation and upward momentum, with notable resistance zones tested near 24,594 . Key levels for 31-Oct-2024 have been identified, with trends marked as follows: yellow for sideways movement, green for bullish momentum, and red for bearish sentiment. This plan provides strategies for different opening scenarios. Trading Plan for 31-Oct-2024 Gap Up Opening (100+ points above) If Nifty opens 100+ points above the previous close, it may test the First Resistance/Consolidation Zone near 24,594 . If the index sustains above this level, we may see a push towards the Profit Booking Zone at 24,694 . However, if it struggles to hold above 24,594 , expect a retracement towards the Opening Support/Resistance level at 24,320 . – A reversal from the resistance levels could prompt a move back to the Support at Retracement at 24,163 . Flat Opening (within 50 points of the previous close) For a flat opening, the key level to watch is 24,349 . Sustaining above this point could lead to a breakout, targeting 24,594 and possibly extending towards the Profit Booking Zone at 24,694 . Conversely, if momentum fails above 24,349 , Nifty might move sideways around 24,320 or even test the lower support at 24,285 . – A downside break below 24,285 could increase bearish pressure, with potential support found at 24,163 . Gap Down Opening (100+ points below) In a gap-down scenario, initial support may be found near 24,285 . A rebound from this level could bring the price back toward 24,349 . If the index sustains above 24,349 , bullish momentum could retest the resistance at 24,594 . However, if 24,285 fails to hold, a decline towards Support at Retracement near 24,163 is likely. – Persistent weakness below 24,163 might drive further downside towards the Last Intraday Support at 24,040 . Risk Management Tips for Options Trading Manage your position sizes wisely, especially when volatility is high. Consider deploying trailing stops near major resistance/support levels to protect gains. Options spreads can limit risk exposure, which is particularly useful in a choppy market. Summary and Conclusion The primary focus for 31-Oct-2024 remains on the resistance at 24,594 and support at 24,163 . Traders should stay flexible with these levels and use disciplined stop-loss strategies to manage risks. Observing the price action after the opening will provide better insight into the day’s trend. Disclaimer: I am not a SEBI-registered analyst. This analysis is based on technical levels and reflects my personal view. Please perform your own analysis or consult a financial advisor before trading.Longby LiveTradingBox9
50 Hours EMA and Trendline resistance again stop Nifty progressAgain The Mother line (50 Hours Resistance) and trendline resistance threw spanner in the growth effort of Nifty. Till Mother line and trendline thereafter is not crossed we can't reach Father line resistance which is at 24853. Supports for nifty remain at 24307, 24173 and finally 24073. Below 24073 Nifty will become very weak and bears will spell further doom. Resistances on the upper side remain at the zone between 24448 and 24513 (tough to conquer Mother line and Trend line resistance respectively), 24613, 24730 and 24853. Above 24853 the critical resistance will be the zone between 24860 and 24971. Bulls can come back into the game after the close above 24971. Above 24971 Bulls can create an upward rampage. Tomorrow is a very critical day where Nifty going into November needs to close above 24513 or atleast above 24448. Signs are looking little difficult for Nifty with a negative shadow of the candle but festive buying can bring back the bulls in action hopefully. . To know more about Techno-Funda investment, Mother-Father and Small Child theory, Happy Candles Number read my book The Happy Candles Way to Wealth Creation. Gift it to yourself or your special ones this festive season. 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. by Happy_Candles_Investment3