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NIFTY

Nifty Intraday Support & Resistance Levels for 11.07.2024On Wednesday, Nifty made a new all-time high of 24,461.05 before falling 300 points to an intraday low of 24,141. It found support at the 75m Demand Zone mentioned in the last post and bounced back nearly 200 points, closing at 24,324. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (5m): 24,246 - 24,265 Major Support/Demand Zone (75m) for weekly trade: 24,056 - 24,150 (tested yesterday) Resistance Levels: Small Supply/Resistance Zone (15m): 24,398 - 24,419
NSE:NIFTY
by PriteshPalan
NIFTY TRADING LEVELS FOR 10/07/2024Explanation: 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
1
NIFTY prediction for today 10 July 24As we discussed, NIFTY opened sideways and ended up sideways bullish. If we look at the chart now: The market is trading in an uptrending channel. The market is experiencing minor resistance in the middle of the channel. As the market is trading at an all-time high, if it breaks the middle resistance to the upside, it can give a bullish momentum. There are no horizontal levels as per price action. Please monitor the trendlines drawn on the chart. Support levels: 24350-24400 range-support-zone, support trendline Resistance levels: dotted resistaance trendline, main resistance trendline. If we look at the OI data: PCR = 1.13 shows the market has a bullish sentiment. 24400 will be max pain. On the lower side, have good PE writing at 24300, 24200, and 24000, which will be a nice support point. On the upside, we have good CE writing, but CE writing is significantly lower than CE writing. I am expecting the market to be sideways bullish until it breaks the channel on either side. Reason: RSI = 57 shows a mild bullish signal, but as the market is showing bearish divergence, it might correct itself soon. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 1.13 indicates market bullish sentiments. price > VWAP shows a Bullish market structure. Verdict: Sideways or Bullish Plan of action: wait for 15 min candle. wait for the market to make a direction and make the position accordingly, Note: Don't go for option buying unless the market gives the breakout on either side of the channel.
NSE:NIFTY
by finnova_
2
Nifty Intraday Support & Resistance Levels for 10.07.2024On Tuesday, Nifty broke through the small resistance zone and made a new all-time high of 24,443.60, closing above 24,400 for the first time. The weekly trend (50 SMA) is now overbought, and the daily trend (50 SMA) remains positive. Support Levels: Near Support/Demand Zone (5m): 24,382 - 24,400 Far Support/Demand Zone (5m): 24,204.20 - 24,222.65 Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150 As of now, there is no resistance zone seen on the chart.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 10 Jul 2024NIFTY Intraday Trade Setup For 10 Jul 2024 Bullish-Above 24450 Invalid- Below 24400 T- 24555 Bearish-Below 24350 Invalid-Above 24400 T- 24230 NIFTY has closed on a bullish note with 0.46% gain today. Last day we discussed that it formed a Pinbar candle in daily TF and expectation was for a bullish move above 24350. We almost gat 90 points move in favor. Tomorrow in case there is a gap down and day ends near day low then bears will take charge in short term. However I have been updating that bullish sentiment will change when it closes below PDL. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24450 then we will long for the target of 24555. For selling we need a 15 Min candle close below 24350. T- 24230. 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 Prediction for tomorrow 8 Jul 24NIFTY did open gap-down, and then after taking support at support, it gave a nice bullish momentum to the upside. If we look at the chart now: The market is trading in an uptrending channel. It has taken support multiple times and also has taken resistance multiple times. I expect it to break soon. If the market shows bullish momentum to the upside, it will be taking resistance at the resistance trendline, which might then initiate a bearish momentum after that. Support levels: 24182, 23952, and 200-EMA Resistance levels: Red Zone, Resistance trendline. If we look at the OI data: PCR = 1.01 shows the market has a bullish sentiment. 24300 will be max pain. On the lower side, 24200 and 24000 have good PE writing, which will be a nice support point. However, 24400 and 24500 have good CE writing, which is going to provide good resistance. I am expecting the market to give a breakout soon out of this channel. Reason: RSI > 50 shows a mild bullish signal. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 1.01 indicates market bullish sentiments. price > VWAP shows a Bullish market structure. Verdict: Sideways or Bullish Plan of action: Wait for 15 min candle. wait for the market to make a direction and make the position accordingly, Note: Don't go for option buying unless the market gives the breakout.
NSE:NIFTY
by finnova_
2
Nifty Intraday Support & Resistance Levels for 09.07.2024On Monday, Nifty took support at the 15m demand zone (24,204 - 24,244) mentioned in the last post and bounced back to a day high of 24,344.60. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (5m): 24,204.20 - 24,222.65 Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150 Major Support/Demand Zone (Daily): 23,350 - 23,667 In the coming days, the 24,000 - 24,200 range will be the major support in the short term. Resistance Levels: Near Small Supply/Resistance Zone (30m): 24,372 - 24,401
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 9 Jul 2024NIFTY Intraday Trade Setup For 9 Jul 2024 Bullish-Above 24350 Invalid-Below 24300 T- 24550 Bearish-Below 24230 Invalid-Above 24280 T- 24030 NIFTY has closed on a flat note today, complete rangebound session within 100 points range. It has formed a Pinbar candle in daily TF. Above today's high there can be a good upside move towards 24550 as per 1.618 extension plotted. Since the daily candle is a price rejection candle and represents bullishness, below its low 24230 there can panic selling move towards 24k zone. Sentiment is bullish till it closes above PDL. 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 24550. For selling we need a 15 Min candle close below 24230. T- 24030. 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 08.07.2024On Friday, Nifty opened gap-down but found support at the gap level (24,123 - 24,207) and bounced back to close with a gain of 22 points at 24,323.85. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Small Support/Demand Zone (15m): 24,204 - 24,244 Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150 Major Support/Demand Zone (Daily): 23,350 - 23,667 In the coming days, the 24,000 - 24,200 range will be a major support in the short term. Resistance Levels: Near Small Supply/Resistance Zone (30m): 24,372 - 24,401
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 8 Jul 2024NIFTY Intraday Trade Setup For 8 Jul 2024 Bullish-Above 24410 Invalid-Below 24360 T- 24590 Bearish-Below 24160 Invalid-Above 24210 T- 23985 NIFTY has closed on a slight bullish note with 1.3% gain last week. Its been 22 consecutive sessions, after 4th Jun fall index has been under bull's grip. As said last week we will get a hint of weakness of bulls only when index will close below PDL in daily TF. However we will need more confirmation of price bend which is a bearish price action in daily TF to call it a reversal. 24410 can be a good trigger to another bullish move towards 24590. 24410 and 24160 will be zone to watch out for breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590. For selling we need a 15 Min candle close below 24160. T- 23985. 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 05.07.2024Nifty opened gap-up and made a new all-time high of 24,401 but closed flat with just a 15-point gain. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Small Support/Demand Zone (15m): 24,239 - 24,267 Multiple Timeframe Support Zones near Gap Level (24,123 - 24,207): This indicates that 24,000 - 24,200 will be a major support in the short term, and we might see a bounce from these levels. Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150 Support/Demand Zone (15m): 23,985 - 24,912 Major Support/Demand Zone (Daily): 23,350 - 23,667 Resistance Levels: Near Small Supply/Resistance Zone: 24,377 - 24,401 Currently, there is no additional supply zone seen on the chart.
NSE:NIFTY
by PriteshPalan
Bull Run Over? Will Nifty Return to 19K? | Nifty50 Wave AnalysisWave has already shared the Nifty wave counting (2020-24) earlier. Please refer to the following links: Nifty Elliott Wave Analysis 2020-24 With Subordinates Counting Strong Wave 5th is Happening: Nifty Wave Analysis in DTF The big wave 5th of the impulse, which started from the 2020 COVID bottom, has hit 261.8%, and we have to go for a degree correction. Three possibilities: 1. Rally Continues : Wave 5th can go in extension further if Nifty can sustain weekly candles above 24,127. It can hit 26,000, but the possibilities are very low due to many factors like divergences, Ichimoku gaps, Yearly CPR etc. 2. Time-wise Correction: Nifty can stay in a big range (4,000-5,000 points) for one or two years. Who can benefit from this? Option sellers, for sure. 3. Price-wise Correction: Nifty can see a sharp fall to the demand zones we mentioned. Who can benefit from this? Option buyers, directional options and future sellers. Note: Edge is compulsory for any trades to avoid unexpected events since it's going to be a positional trade. Entry Points: Current Market Price is 24,302, and a 1-hour candle close below 24,170 is our short entry. Stop Loss: The safest SL is 24,610, but if this SL is too big for swing/intraday traders, they can keep the stop loss above 24,450. Targets: We have mentioned three demand zones in the chart based on Fibonacci retracement: First Demand Zone: 22,000-22,500 Second Demand Zone: 20,030-20,960 Third Demand Zone: 18,000-18,500
NSE:NIFTYShort
by WaveMoku
2
NIFTY Intraday Trade Setup For 5 Jul 2024NIFTY Intraday Trade Setup For 5 Jul 2024 Bullish-Above 24410 Invalid-Below 24360 T- 24590 Bearish-Below 24280 Invalid-Above 24330 T- 24090 NIFTY has closed on a complete flat note today. It opened with 80 points gap up and ended at buy level. Till now we have been closing above PDL, close will PDL will give us a hint that bulls are not much interested. But in terms of trading executions we need bearish price action in daily TF after closing below PDL. Chances of a cool off is high as tomorrow is last session of the week, people may book longs as the whole week was in favor. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590. For selling we need a 15 Min candle close below 24280. T- 24090. 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 Important Intraday levels for 04/07/2024Good morning everyone. Nifty 50 ended at a new all time closing high of 24286. I am expecting nifty to hit 24375 followed by 24500 in the coming sessions, 24075 is looking immediate support, crucial support at 23850. Resistance we can face 24400 in intraday. Important Levels for Nifty:- Strong support zone 24000 Strong resistance zone 24500 Buy above 24325, if levels sustain at least for 15 mints. Targets we can see in upside 24398/24453+ Keep stop loss at 24227 Sale below 24227, if levels sustain at least for 15 mints. Targets we can see in downside 24152/24072 Keep stop loss at 24325 Note:- if there will best Hero Zero Trade then i will update here according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
Hindustan food limited is on breakout with good volume spikeHello everyone, i have brought a stock which has given a breakout of triangle pattern with huge volume spike on weekly chart, there is higher probability that we will see bullish uptrend momentum in this. Hindustan Foods Limited is an India-based company, which is engaged in contract manufacturing of various FMCG products including food, home care, personal care, beverages etc. They also do manufacturing of leather shoes and accessories. Technically stock is looking good as it has given breakout of triangle pattern with good volume Price is above 200-DEMA. Macd is also giving bullish crossover. Morgan stanley has taken position on bulk. Market Cap ₹ 6,397 Cr. Current Price ₹ 558 High / Low ₹ 630 / 461 Stock P/E 68.8 Book Value ₹ 56.4 Dividend Yield 0.00 % ROCE 15.4 % ROE 18.2 % Face Value ₹ 2.00 Industry PE 40.5 Debt ₹ 730 Cr. EPS ₹ 8.12 Promoter holding 63.8 % Intrinsic Value ₹ 256 Pledged percentage 0.00 % EVEBITDA 30.9 Change in Prom Hold -1.04 % Profit Var 5Yrs 50.9 % Sales growth 5Years 41.1 % Return over 5years 43.8 % Debt to equity 1.13 Net profit ₹ 93.0 Cr. ROE 5Yr 18.2 % Profit growth 30.8 % Earnings yield 2.61 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:HNDFDSLong
by TraderRahulPal
Long Term Investment Idea in Piston Making CompanyHello Everyone, i hope you all will be doing good in your Life and Trading as well. Today i have brought an investment idea for long term on Auto component making company, which is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. The Co.’s customer base includes most of the OEMs in India like Maruti, Mahindra, Honda, Ford, Nissan, Tata, Bajaj, Hero, TVS, Yamaha, Ashok Leyland, Daimler, VE Commercial, Swaraj, and various others. It also caters to global OEMs, namely Jaguar, Land Rover, JCB, BMW Motorrad, Volkswagen, Rotax, ZF Wabco, Yanmar, etc. The Co. has 3 manufacturing plants located across Uttar Pradesh and Rajasthan. Assembly units are located at Gurugram, Pune, Hosur, Becharji (Gujarat) and Sahibabad. The Co. has various technical collaborations in different areas with KS Kolbenschmidt GmbH, Germany; Honda Foundry Co. Ltd, Japan; Riken Corporation, Japan and Fuji Oozx Inc, Japan. Company is totally good as Technically and Fundamentally with good management. Stock has given Multi Year breakout with good Volume. there is higher probability, we can see follow through momentum. Market Cap ₹ 7,884 Cr. Current Price ₹ 1,790 High / Low ₹ 1,790 / 491 Stock P/E 19.1 Book Value ₹ 394 Dividend Yield 0.28 % ROCE 24.7 % ROE 20.8 % Face Value ₹ 10.0 Industry PE 33.3 Debt ₹ 333 Cr. EPS ₹ 94.0 Promoter holding 46.8 % Intrinsic Value ₹ 1,208 Pledged percentage 0.00 % EVEBITDA 11.0 Change in Prom Hold 0.00 % Profit Var 5Yrs 16.0 % Sales growth 5Years 8.57 % Return over 5years 28.7 % Debt to equity 0.19 Net profit ₹ 414 Cr. ROE 5Yr 13.1 % Profit growth 63.2 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:SHRIPISTONLong
by TraderRahulPal
Nifty Intraday Support & Resistance Levels for 04.07.2024Nifty opened gap-up, making a new all-time high of 24,309.15 and closed at higher levels, gaining 162 points. Both the weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Near Support/Demand Zone (15m): 23,985 - 24,012 Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754 Major Support/Demand Zone (Daily): 23,350 - 23,667 Currently, there is no supply zone seen on the chart. Note: Small Demand/Support zone (5m) is at 24239 - 24260
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 4 Jul 2024NIFTY Intraday Trade Setup For 4 Jul 2024 Bullish-Above 24310 Invalid-Below 24260 T- 24450 Bearish-Below 24200 Invalid-Above 24250 T- 23975 NIFTY has closed on a bullish note with 0.67% gain today. Whole gain is however contributed through gap up and Large cap banks move. Index will be bullish till it closes above PDL and when it will close below PDL then bullish sentiment will be changed to bearish. However confirmation will be a bearish price action in daily TF. Tomorrow's best trade will be on today's range breakout. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24310 then we will long for the target of 24450. For selling we need a 15 Min candle closes below 24200. T- 23975. 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 03.07.2024Nifty reached a new All-Time High of 24,236.35 in the opening trade but ended 18 points down at 24,123.85. Both the weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (15m): 23,985 - 24,012 Far Support/Demand Zone (15m): 23,716 - 23,743 Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754 Major Support/Demand Zone (Daily): 23,350 - 23,667 Resistance Levels: Small Supply/Resistance Zone: 24,171 - 24,200
NSE:NIFTY
by PriteshPalan
Intraday Trade Setup For Nifty 1st JulyTime 7:56 AM 1st July 2024 Reasons for Shorting Nifty today: 1. Wave Analysis - Shorting based on wave counting 2. Ichimoku - Given a sell signal in 15min TF 3. Broke Support Trendlines 4. Risk to Reward in great 5. MACD bearish divergence in 1hr TF Options Selling: ATM CE selling with OTM CE edge is best for this trade. (or future sell with edge) We wait for the entry if it doesn't trigger then we avoid the trade. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYShort
by WaveMoku