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Intradaytrader

What number will gold end the trading session at?Dear beloved readers, gold continued its recovery on the last trading day of the week, trading around $2,340 and marking a 0.3% increase for the day. As a result, the USD faced further disadvantages last night, creating momentum for the recovery of XAUUSD. In the short term, this metal continues to receive support from investors as it maintains a strong upward trend within the price channel, with a support level established at $2,330. The target is to reach the upper limit of the price channel, with gold potentially reaching $2,350 and possibly even higher by the end of the session.
OANDA:XAUUSDLong
by RKarina
NIFTYNXT50-NIFTYJR Intraday Prediction Levels for 24 April 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:NIFTYJR
by suraranjanganguli
28 Mar ’24 — Nifty up 5415pts 32% this FY Investors beat tradersNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “We are still hanging on to the inverse head and shoulders pattern and strongly hope we should have some movement to the 22295 levels by tomorrow.” 4mts chart Unbelievable intraday price action by Nifty50 today. A rise of 369 points ~ 1.67% and then a sharp fall of 250 points ~ 1.11%. This highly volatile price movement is largely attributed to the year-end rebalancing by the mutual funds both DIIs and FIIs. What a fantastic financial year it has been for the investors. Nifty is up 32% ie 5415 points in the current financial year. If you look back and assess objectively, it is way above the average returns made by intraday traders. I can vouch for that as my personal returns are not more than 14 to 16% in this period. Just imagine that, a normal investor who either did the SIP or lumpsum beat an active intraday trader. The former would have gone for a regular job or business and got an additional income whereas the latter would have spent every day (blood, sweat, and tears) in front of the trading terminal and end up underperforming. These numbers are more than enough to drive away the traders - why take the pain if investing is giving above-average returns? One thing is 100% sure, things will not remain like this forever. Benchmarks cannot give 30%+ returns every year if you are counting on that - it is a recipe for disaster. Nifty almost took out the All-time highs today and ended up falling 10pts short. The inverse head and shoulders pattern played out and gave good results. My personal trades today were a total disaster. I was short 22400 CE, rolled up to 22450 CE, and then rolled over to the next weekly as the market was aggressively moving against me. Had to book back-to-back losses. After exiting the 22400 CE by stop loss, it went up another 2244% - totally crazy. And just check what happened in the last 45 minutes - we gave away 250 points. Meanwhile, I decided not to run the Algo’s today and stick with manual trades. If I had gone with the Algos, my entire March month earnings would have been washed out. In the end, made peace with whatever happened during the day. When we start trading on 1st April, we will start with a bullish stance. 1D chart
NSE:NIFTYLong
by viswaram
XAUUSD surges to 2200 USD?Welcome to today's strategy analysis, where we revisit and forecast the next moves for XAUUSD, after a day of significant fluctuation. Current Analysis: XAUUSD witnessed a considerable decline yesterday, progressing through a descending triangle pattern and eventually breaking below the $2075 level. Despite this, gold quickly adjusted, forming an ascending triangle pattern and currently trades around $2168. This occurred after surpassing resistance levels at $2179 and $2177, although it ultimately saw a slight decrease of 0.27% for the day. Insights on Price Increase Causes: Scenario 1: The weakening of the US dollar, as the market anticipates the Federal Reserve (FED) might cut interest rates by June 2024 despite rising inflation in the US. This scenario benefits gold prices. Scenario 2: Some analysts predict a spike in gold prices if the FED decides to cut rates. If this does not happen, high inflation fears could push gold prices higher. Scenario 3: Political tensions and military conflicts, such as the Russia-Ukraine situation, keep the demand for safe-haven assets like gold high. Forecast and Strategy: Looking at the 1-hour chart, we observe an increase in trading volume and price stabilization after a sharp decline, touching the EMA 34.89 line. XAUUSD finds strong support around the $2160 level. If it breaks below this support, we could witness a significant price drop. However, maintaining above this level could lead to price increases. A recovery is anticipated after touching the ascending triangle pattern boundary. An adjustment might occur after breaking the fake level of $2175, and consolidation above this level indicates the market is ready for a recovery. Conclusion: In the current context, closely monitoring market developments and external influencing factors will be key to making wise investment decisions. Keep an eye on announcements from the FED, global political situations, and currency market movements to adjust your strategy accordingly. Scenario 3: Escalating political tensions due to the Russia-Ukraine military conflict are maintaining the demand for safe-haven assets like gold. The conditions are favorable for gold to rally. Regarding the new prospects for XAUUSD: According to the 1-hour chart, the volume is increasing, and the price has stopped after a sharp decline, touching the EMA 34,89. XAUUSD is currently receiving strong support around 2160 USD. However, if it breaks below this level, it could lead to a significant price decrease, while maintaining it would result in an increase. It is expected that the price will recover after touching the ascending triangle channel. I anticipate a correction after breaking the false 2175 USD level. Consolidation above this level indicates that the market is ready to rally.
OANDA:XAUUSDLong
by RKarina
2
GBPUSD: Buy or Sell?Hello everyone, I am delighted to continue our discussion on GBPUSD today. At the opening of the trading session on Monday, GBPUSD continued its upward trend on the 4-hour chart, currently trading at 1.271. The appreciation of the British Pound against the US Dollar may be attributed to the current market sentiment leaning towards risk, which has fueled its recent increase. However, there are still underlying risks that could cause GBPUSD to decline further, as it remains constrained within a long-term downward trend and the Trendline has not yet been broken.
Short
by RKarina
BTCUSDT: Exploding increase in valueToday, the BTC is continuing to consolidate significant price increases, with the current trading price standing at $46,516 at the time of writing. From a technical standpoint on the 4-hour chart, using the excellent tool called Fibonacci extension by Trading View based on trends, it shows that the current trend is bullish, with a relatively stable trading environment and minimal volatility. However, there are signs indicating that the price is approaching a previously broken resistance level once again. If this happens, it could serve as a stepping stone for further price increases as the current upward trend is still intact.
Long
by RKarina
Bank Nifty Futures Analysis for 2nd Jan 2024Bank Nifty is in good Support zone Today market was side base except last move. From 27 December 2023 -1 January 2024 it create a support Zone. Today we can see a fake breakout at14:15. Reason behind the reason: Volume was very not supporting the price. Also MACD was indicate downtrend for the day. If we see Option data at the time of price increase but CALL Open Interest in negating and PUT OI not adding .(Big money just square off his position nothing else) So it's purely indicate that at 48800 we can short our position. Tomorrow view: if market open near 48405 we will wait. Side base market is not for option buyer. if market open near about 48600 then we will find position after taking support at 48405 . If market open below 48405 then after 48200 and creat a bearish candle at 15 or 30 min or price wait for 10-15 min near 48405 in 5 min timeframe candle after that we can see a bearish move.
NSE:BANKNIFTY1!
by KaustavHazra
DJI Intraday Prediction Levels for 29 Nov 2023DJI Intraday Prediction Levels for 29 Nov 2023 The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Major Resistances- 35495,35555,35610,35640,35703,35780,35860,…. Major Supports-35350,35280,35230,35175,35115,35065,3500,… These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on. If You are a new trader then just watch ( No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
TVC:DJI
by suraranjanganguli
How Trade Key Trading levels - Camarilla Pivots How Trade Key Trading levels Camarilla Pivots with combination of Previous day high & Low & Close This video is not real live trade its made on reply trade. Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision.
NSE:BANKNIFTY1!
by sbkurandwad77
2
15th march banknifty BANKNIFTY IMPORTANT LEVELS FOR TODAY . LEVEL'S One of the things that sets us apart from other brokerage firms is our commitment to accuracy and transparency. We understand that investing in the stock market can be complex and challenging, and we work hard to ensure that our clients have all the information they need to make informed investment decisions. We provide regular market updates, research reports, and investment advice to our clients, helping them stay on top of the latest trends and opportunities in the market.
NSE:BANKNIFTYShort
by Bankniftyfuturetrading
1