NIFTYNIFTY levels are based on imbalances 1. gapup 25080 long 2. 25080-25000 trade breakout 3. gapdown 25000 shortby subhankarsahoo1
Day Trading Sold Nifty around 25050- SL hit-11th Oct ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:36 for Hindi Audio) -No trades in the morning -No Volumes in the morning before 10 -Sold Nifty around 25050- SL hitShort01:21by eliftrades1
NIFTY H&SKey Points: Head and Shoulders Pattern: This is typically a bearish reversal pattern when it occurs at the top of an uptrend, suggesting that prices may continue to drop after breaking the neckline. Neckline: The horizontal support level (in red) that has been broken or is at risk of being broken, which could confirm the downtrend. Volume: It is often useful to confirm this pattern with a volume decrease during the formation of the Head and an increase during the breakdown. Potential Action: If the price breaks and closes below the neckline (the red support line), it could signal further downside, indicating a potential sell signal. Traders may set a target by measuring the height from the neckline to the top of the head and projecting it downward from the breakdown point.Shortby PRO_VIVEKBHARNUKE0
NIFTYNIFTY levels are based on imbalances 1. gapup 25230 long 2. 25230-25100 trade breakout 3. gapdown 25100 shortby subhankarsahoo0
Day Trading Sold Nifty around 25210-10th Oct ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:54 for Hindi Audio) -No trades in the morning -No Volumes in the morning before 10 -Sold Nifty around 25210Short01:42by eliftrades1
Nifty and Banknifty levels for 10th & 11th Oct NSE:NIFTY1! & NSE:BANKNIFTY1! Levels Nifty and Banknifty levels for 10th & 11th Oct Please refer chart for more detailsby Nivesh_Labs4
NIFTYNIFTY levels are based on imbalances 1.gapup 25150 long 2. 25150-25050 trade breakout 3. gapdown 25050 shortby subhankarsahoo1
Day Trading Scalped Sold Nifty around 25100-9th Oct ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:54 for Hindi Audio) -No trades in the morning -No Volumes in the morning before 10 -Scalped Sold Nifty around 25100Short01:59by eliftrades1
NIFTYNIFTY levels are based on imbalances 1. gapup 25200 long 2. 25200-25050 trade breakout 3. gapdown 25050 shortby subhankarsahoo0
Nifty short term sellNifty forming hns pattern after 25th October we will sell sharp fall to 21500 #nifty Shortby jaypee4all2
Day Trading Sold Nifty around 25000 - Sl hit-8th Oct ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:50 for Hindi Audio) -No trades in the morning -No Volumes in the morning before 10 -Sold Nifty around 25000 - Sl hitShort01:53by eliftrades1
Nifty and Banknifty Levels for 8th Oct to 11th OctNSE:NIFTY1! NSE:BANKNIFTY1! Levels Nifty and Banknifty Levels for 8th Oct to 11th Oct Please refer the chart for more detailsby Nivesh_Labs0
NIFTYNIFTY levels are based on imbalances 1. gapup 25080 long 2. 25080-24900 trade breakout 3. gapdown 24900 shortby subhankarsahoo7
Day Trading Sold Nifty around 25040-7th Oct ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:42 for Hindi Audio) -No trades in the morning -Buy Volumes before 10 -Sold Nifty around 25040Short01:14by eliftrades1
Nifty and Bank Nifty analysis || 7th October ||Here in this video we have discussed Nifty and Bank Nifty current trend, possible support and resistance levels, and our trade plan for Monday, 7th October. Video review- Both Nifty and Bank Nifty shifted their trend, and converted to a downtrend. Here in this video we have discussed and plotted possible support and resistance levels based on Fibonacci for tomorrow and tried to create a trade plan.. Hopefully this video may help you to understand the market trend better, and will be beneficial to make your trade plan better12:40by rahulbora112
NIFTYNIFTY levels are based on imbalances 1. gapup 25300 long 2. 25300-25120 trade breakout 3. gapdown 25120 shortby subhankarsahoo1
Day Trading Sold Nifty Twice around 25400-4th Oct ’24Below mentioned points are discussed in my post analysis video(Fast forward to 1:08 for Hindi Audio) -No trades in the morning -No Volumes in the morning before 10 -Sold Nifty Twice around 25400Short02:21by eliftrades1
NIFTYNIFTY levels are based on imbalances 1. gapup 25500 long 2. 25500-25450 trade breakout 3. gapdown 25450 shortby subhankarsahoo11
GIFT Nifty 50 Index Futures – Retracement in ProgressThe GIFT Nifty 50 Index Futures chart shows a clear uptrend, with recent price action facing a corrective pullback after a strong rally. The price is currently approaching key Fibonacci retracement levels, offering a potential buying opportunity within the ascending channel. Technical Insights: Ascending Channel: The index has been moving in a well-defined upward channel since June 2024. The current retracement is testing the middle of this channel, which could provide support near the 38.2% Fibonacci retracement level at 25,039. Fibonacci Retracement: The price has retraced from its recent high of 25,828 and is testing the 38.2% retracement level at 25,039. If this level holds, we can expect the price to bounce back towards the upper channel resistance around 26,500. A deeper retracement could test the 50% level at 24,314 or the 61.8% level at 23,590, which align with the lower boundary of the channel. Support and Resistance: Support Levels : The immediate support lies at 25,039 (38.2% Fibonacci), followed by 24,314 (50% Fibonacci) and 23,590 (61.8% Fibonacci). Resistance Levels : Immediate resistance stands at 25,828 (recent high), followed by the upper channel boundary around 26,500 . Volume Analysis: Volume has spiked during this retracement, indicating that selling pressure is being absorbed. However, sustained buying interest is crucial to confirm any bounce from current levels. RSI (Relative Strength Index): The RSI has pulled back from overbought levels and is currently near the 50 mark, suggesting neutral momentum. A drop below 40 could indicate further downside, while a move above 60 would confirm a renewed uptrend. Outlook: Bullish Scenario : If the index finds support near 25,039 , we could see a rebound back towards the upper channel, with potential targets at 26,000 and 26,500 . Bearish Scenario: A failure to hold the 38.2% Fibonacci level could lead to further downside, with the next support levels at 24,314 (50% retracement) and 23,590 (61.8% retracement). The overall uptrend remains intact, but caution is advised as the index tests key support levels. Traders can look for confirmation of a bounce before entering long positions. by AngshumanSaikia1
Day Trading Sold Nifty around 25500-3rd Oct ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:42 for Hindi Audio) -No trades in the morning -Good Buy Volumes in the morning -Sold Nifty around 25500Short01:12by eliftrades1
NIFTYNIFTY levels are based on imbalances 1. gapup 26025 long 2.26025-25850 trade breakout 3. gapdown 25850 shortby subhankarsahoo2
Day Trading Bought Nifty around 25950 - Sl hit-1st Oct ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:45 for Hindi Audio) -No trades in the morning -No Volumes in the morning before 10 -Bought Nifty around 25950 - Sl hitLong01:45by eliftrades1
GIFT Nifty 50 Index Futures AnalysisThe chart of GIFT Nifty 50 Index Futures shows a well-established upward trend, with the price action respecting key Fibonacci retracement levels. Here’s a professional analysis: Key Support and Resistance Levels: Resistance: The index is nearing the 0.00% Fibonacci level at 27,316.5, which could serve as an immediate resistance zone. A break above this level may lead to further bullish momentum. Support: The nearest support is at the 23.60% retracement level (25,883.5) , which coincides with the recent pullback. If this level breaks, the next significant support lies around the 38.20% retracement level at 24,997.0. 50.00% retracement level (24,280.5) marks another key support level that has historical significance based on past price action. Stronger support is found at the 61.80% retracement level (23,564.0) , which could potentially act as a long-term pullback zone if the index experiences a deeper correction. Trend Analysis: The chart is trending within an ascending channel, suggesting ongoing bullish momentum. However, the index has recently seen a pullback after reaching higher levels. The confluence of Fibonacci levels suggests that any decline towards 25,883.5 could be a healthy correction within the trend, potentially providing a good buying opportunity. Pullback Zones: The 25,883.5 level (23.60%) will be the first area to watch for a pullback. A break below this level might signal a more extended retracement to the 24,997.0 (38.20%) or 24,280.5 (50.00%) levels. If the selling pressure intensifies, the 61.80% level at 23,564.0 becomes a critical zone for reversal or accumulation. RSI and Volume: The RSI is in the overbought territory, signaling that a pullback may be imminent. This could indicate that the index needs to cool off before continuing its uptrend. Volume shows increasing activity, which supports the current trend, though declining volume during the recent upward move could hint at weakening buying pressure. Conclusion: Overall, the GIFT Nifty 50 Index Futures remain in an uptrend, but caution is warranted due to the overbought RSI and proximity to key resistance levels. Watching for potential pullbacks to the 23.60% and 38.20% retracement levels may provide favorable entry points for long-term bullish traders, while breaks below the 50.00% level could signal a deeper correction. This neutral outlook focuses on price action, with both upside potential and correction zones clearly defined. by AngshumanSaikia8