Get started

NIFTY

Nifty Intraday Support & Resistance Levels for 14.08.2024On Tuesday, Nifty opened flat but slipped below the previous day's low, ending the session at 24139 with a loss of 208 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 24079 - 24118 (tested yesterday) Near Demand/Support Zone (75m) for Weekly Trade: 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (30m): 24268 - 24330 Far Supply/Resistance Zone (75m): 24381 - 24444 Far Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835
NSE:NIFTY
by PriteshPalan
NIFTY prediction for tomorrow 14 Aug 24NIFTY has shown a full sell-off today after the Heisenberg report on the SEBI chairperson. If we look at the chart now: The market is trading near the support area of 24000. The market has been receiving good support from this zone and is expected to take it again. However, as the market has bearish sentiments right now, it might break the level and continue the bearish momentum till 23500. Support levels: 23980, 23506 Resistance levels: 24441, 200 EMA, 24696 If we look at the OI data: PCR = 0.55 shows bearish market behavior. There has been a huge PE sell-off today, which shows bulls are not trusting the market anymore and come out. There is too much CE writing at higher levels than PE writing at lower levels, which shows a high chance of a bearish market in the upcoming session. I am expecting the market to follow 3 cases which are marked on the chart. Case 1 : If it breaks to the downside, it might take minor support at 24000, but it breaks to the downside and can give huge targets till 23500. Case 2 : If 24000 holds, it might get stuck in a range of 24000-24200. Case 3 : If it stays in the channel, it can become bullish and have targets of 24441. Reason: RSI < 40, showing the market is going to be in a bearish structure. The Price is trading in a good support zone. It takes support and might end up sideways. PCR = 0.53 shows that the market is huge Bearish. Price < VWAP shows a Bearish market structure. Verdict: Bearish or Sideways. Plan of action: Wait for 15 min candle. Wait for good price action on the 24000 levels, and make your positions based on cases accordingly.
NSE:NIFTYShort
by finnova_
NIFTY Intraday Trade Setup For 14 Aug 2024NIFTY Intraday Trade Setup For 14 Aug 2024 Sell_1- From 24340 Invalid-Above 24390 T- 24150 Sell_2-Below 24100 Invalid-Above 24150 T- 23850 NIFTY has closed on a bearish not with 0.85% cut today. It opened flat and 10 o'clock range broke downside below 24350 and fell till 24150. Index is technically sell on rise, but with confirmation of bearish reversal price structure in 5 Min TF in intraday. Tomorrow if there is a gap up then 24340 will be a good resistance and we will plan a short from there. 23850 will be an intraday support and 23500 being hourly support. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 24100 then we will long for the target of 23850. In case of gap up we will short from 24340. T- 24150. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 13.08.2024On Monday, Nifty opened with a gap down but managed to recover over 250 points from the day's low, reaching a high of 24472.80 before closing slightly lower at 24347, down by 20 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 24219 - 24266 Far Demand/Support Zone (15m): 24079 - 24118 Near Demand/Support Zone (75m) for Weekly Trade: 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835
NSE:NIFTY
by PriteshPalan
Hindenburg Research ProblemA blog recently accused the Indian market regulator, SEBI, of not acting on a report about Adani's finances because SEBI's chairperson and her husband had investments in funds linked to Adani. We already know that Indian politicians often support big business leaders like Adani. But SEBI being involved in this is a new issue. The question is, is Hindenburg Research doing good for India by revealing this information? Hindenburg is known for finding and exposing financial frauds to make a profit from the stock market. They usually release the news on weekends when the market is closed, so they can earn more money. This is because they need good liquidity to make a profit. In reality, everyone is just looking out for their own interests. The ones who get hurt the most are the retail investors who buy and sell stocks. "I hope that one day retail investors will come together and support each other."
NSE:ADANIENT
by ard-komercisto
NIFTY Intraday Trade Setup For 12 Aug 2024NIFTY Intraday Trade Setup For 12 Aug 2024 Bullish-Above 24420 Invalid-Below 24370 T- 24640 Bearish-Below 24300 Invalid-Above 34350 T- 24080 NIFTY has closed on with 1.42% cut last week. However it has formed a Pinbar candle in weekly TF which shows that bulls tried gripping once again after sharp drop due to global cues. Above 24420 bulls will try to take take charge however I doubt the momentum in favor. 23900 is an important market structure level in daily TF below which it will confirm a bearish trend in short term. Overall market looks sell on rise. Friday's candle is an indecision candle, high/low being trigger point. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24420. T- 24640 and 24855. For selling we need a 15 Min candle close below 24300. T- 24080. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this
NSE:NIFTY
by Omahto
Nifty at a Glance: This Week's Market MomentumNifty Outlook: A Pivotal Week Ahead Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850. Adding to the bearish tone, Nifty has broken down from a Rising Wedge pattern, with a potential target around 21,300. This week is critical—watch these levels closely as the market navigates this pivotal phase.
NSE:NIFTY
by Nimble_Pesos
Nifty Intraday Support & Resistance Levels for 12.08.2024On Friday, as expected, Nifty opened with a gap-up and maintained its strength throughout the day, closing at 24367 with a 250-point gain. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 24079 - 24118 Near Demand/Support Zone (75m): 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 09.08.2024On Thursday, Nifty opened gap down, re-entered the 30m Supply zone mentioned in the last post, and fell again to the day's low, almost touching the 75m (Weekly Trade) Demand zone before closing at 24117. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) has turned sideways. Support Levels: Near Demand/Support Zone (75m): 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (15m): 24284 - 24337 Far Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835 Note: As of writing this, GIFTNIFTY is trading 275 points positive, indicating we might see a gap-up opening.
NSE:NIFTY
by PriteshPalan
Nifty Analysis: Potential Bearish Flag Pattern?The recent market activity suggests caution for Nifty as a potential bearish flag pattern might be forming. We've observed a "sell on rise" behavior over the past 3-4 sessions, indicating bearish sentiment. For Nifty to break free from this bearish spell, it needs to sustain above the 24,640 mark. Key Levels to Watch: Immediate Support: 23,940 Immediate Resistance: 24,390 and 24,490 Traders should keep an eye on these levels for any breakouts or breakdowns, as they will be crucial in determining the market's next direction. A decisive move above 24,640 could signal a shift in momentum, while failure to hold above this level may reinforce the bearish outlook. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions. Trading in financial markets involves risk, and past performance is not indicative of future results.
NSE:NIFTY
by Stable_Logic
NIFTY Intraday Trade Setup For 9 Aug 2024NIFTY Intraday Trade Setup For 9 Aug 2024 Bullish-Above 24390 Invalid-Below 24340 T- 24650 Bearish-Below 23890 Invalid-Above 23940 T- 23515 NIFTY has closed on a bearish note with 0.74% cut. Since last 4 sessions we are stuck inside 500 points range- 24400 and 23900. We will trade directional only when we get this range breakout. It was sideways with huge volatility, mostly sl hunting moves. We will be neutral and wait patiently for breakout. However above 24450 there can trigger for short covering. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24350 then we will long for the target of 24650. For selling we need a 15 Min candle close below 23890. T- 23515. For selling we need a 15 Min candle close below 23890. T- 23515. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 08.08.2024On Wednesday, Nifty opened gap up and entered the 30m Supply zone mentioned in the last post but did not break above it. Nifty stayed within a 150-point range and closed at 24297.50. The weekly trend (50 SMA) is positive, and the daily trend (50 SMA) is now sideways. Support Levels: Near Demand/Support Zone (75m): 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (30m): 24266 - 24348 (current price inside the zone) Far Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835 Note: As of writing this, GIFTNIFTY is trading 180 points negative, indicating we might see a gap-down opening.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 8 Aug 2024NIFTY Intraday Trade Setup For 8 Aug 2024 Bullish-Above 24390 Invalid-Below 24340 T- 24650 Bearish-Below 24180 Invalid-Above 24230 T- 23900 NIFTY has closed on a positive note with 1.27% gain today. However whole gain is the same points it gaped up. It was sideways within 150 points range in intraday. Today's low is very important as the daily candle is a Pinbar and a double force move can be seen below 24180. In case it opens flat and 24390 is sustained then we will head towards 0.618 zone of the fall we witnessed in last few days. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24390 then we will long for the target of 24650. For selling we need a 15 Min candle close below 24180. T- 23900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 07.08.2024On Tuesday, Nifty opened gap up, entered the 15m Supply zone mentioned in the last post, and then fell 400 points from the top before closing at 23992.50. The weekly trend (50 SMA) is positive, and the daily trend (50 SMA) is now sideways. Support Levels: Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (30m): 24266 - 24348 Far Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835 Note: As of writing this, GIFTNIFTY is trading 280 points positive, indicating we might see a gap-up opening, and the near 30m Supply zone may get violated.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 7 Aug 2024NIFTY Intraday Trade Setup For 7 Aug 2024 Bullish- Above 24400 Invalid-Below 24350 T- 24736 Bearish-Below 23890 Invalid-Above 23940 T- 23515 NIFTY has closed once again on a bearish note with 0.26% cut today. It tested buy/resistance level and got rejected from there, decent sell of from 24380 was seen. Index has closed exactly at 50 EMA in daily TF. Below 23890 index will be fully gripped by bears. And overall sell on rise approach to be maintained. Major weekly level to be approached can be 22800. But for this we need more validation of a bearish price structure in daily TF. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24400 then we will long for the target of 24736. For selling we need a 15 Min candle close below 23890. T- 23515. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 6 Aug 2024NIFTY Intraday Trade Setup For 6 Aug 2024 Bullish-Above 24350 Invalid-Below 24300 T- 24700+ Bearish-Below 23890 Invalid-Above 23940 T- 23515 NIFTY has closed on a bold bearish note with 2.68% cut. We discussed in the weekend after 25K was tested that index has formed a short term top. It opened directly with a very big gap down and 10 o'clock range was to be used as per trade setup. Range broke downside below 24190 and gave a good move till 23895, 300 points gain with 100 points risk. Tomorrow below 23890 we will sell again and overall view will be sell on rise. 23500 zone will be a strong support. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24350 then we will long for the target of 24350. For selling we need a 15 Min candle close below 23890. T- 23515. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto