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NIFTY

AUTO SECTOR - Breakout - Retest & BOOM!Price Analysis & Overview: 1. Nifty Auto Index is in it's dream bull run after it broke the ATH resistance levels. 2. At current scenarios, price might continue to move higher towards the marked green lines or consolidate/correct towards EMA and then continue the run again. 3. RSI showing signs of overheated currently. MONTHLY TF VIEW : - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:CNXAUTO
by SuperNova396
NIFTY Intraday Trade Setup For 24 Jun 2024NIFTY Intraday Trade Setup For 24 Jun 2024 Bullish-Above 23680 Invalid-Below 23630 T- 23917 Bearish-Below 23390 Invalid-Above 23440 T- 23185 NIFTY has closed almost on a flat note last week. It has formed a spinning top candle in weekly TF which indicates halt or reversal of the uptrend. In case low- 23390 is crossed then it can act as a reversal signal in the short term. Above 23680 index may resume slow and steady upmove. Last week it was directionless market, we can expect directional move in the coming week. Be neutral till index is inside 23680 and 23390. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23680 then we will long for the target of 23917. For selling we need a 15 Min candle close below 23390. T- 23185. 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
2
MOTHERSON: Interesting SetupLike always the chart should tell you everything you need to know about Motherson. Now for the readers, here are some pointers: - The price broke a structure in June to rally about 20% - Currently, it is at a very crucial point. The previous strong support is now acting as a strong resistance. - The 100 rupee mark is also a strong psychological resistance for companies like Motherson - The price is now consolidating at the resistance zone which is a good sign. - The bodies have gotten smaller showing indecision. - The long upper wicks show the presence of sellers. - A strong high-volume break and sustenance above the zone will be crucial. - We then have an ATH zone sitting right at the top. We will keep updating the comments for every unfolding price action. You may follow us for regular updates. Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:MOTHERSON
by TheChartereds
5
Nifty is looking Bullish and can hit 23900 and 24600Reason for Going Long in Nifty: Wave Analysis: Nifty is rising gradually in a 12345 wave pattern after a quick crash on June 4th. Wave 4th was a time-wise correction and spent one week in a small range. Target: The 127% Fibonacci level is our first target. If Wave 5 extends, we can aim for 24600 too. Stop Loss: We will exit the long position if a 1-hour candle closes below the Ichimoku Tenkan-sen (TS) and Kijun-sen (KS), which is around 23450. If prices closes below 23400 then we have to recount it as a wave B and we can go for a Wave C down move. Weekly and Monthly Fib channels also suggesting long. 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:NIFTYLong
by WaveMoku
1
Nifty Intraday Support & Resistance Levels for 21.06.2024Nifty reacted exactly from the 15m demand zone and the 5m supply zone mentioned yesterday. If Nifty opens flat or gap-down and breaks yesterday's low of 23,442, we might see a fall to 23,369 and below. The weekly trend (50 SMA) is positive, but the daily trend is still sideways. Support Levels: Near Support/Demand Zone (15m): 23,334 - 23,369 Far Support/Demand Zone (15m): 23,297 - 23,329 Further Far Support/Demand Zone (15m): 23,232 - 23,268 As the 75m trend (50 SMA) has turned sideways from an uptrend, it is advised to take confirmation entries for long trades at demand/support zones. Resistance Levels: Minor Supply/Resistance Zone (15m): 23,607 - 23,624
NSE:NIFTY
by PriteshPalan
NIFTY analysis for today 21 Jun 24As we discussed, NIFTY traded in a sideways roller coaster with huge volatility inside the provided channel. If we look at the chart now: The market is trading inside the indecisive channel zone. By the time it's in the channel, it's going to be a roller coaster sideways. If the market breaks the channel to the downside, it may lead to a good fall till 200 EMA . Inside the channel, it can again show good volatility, big up and down candles. Trade the market with proper risk management. Support levels: 23474, 23379, and 23340 or EMA(200) Resistance levels : 23622, and upper resistance trendline If we look at the OI data: PCR = 1.19, which has increased from 0.97, shows a bullish sign in the market. 23550 is max-pain. 23600 also has significant good CE writing that will provide good resistance. Higher levels have lower CE writing than lower lower put writing. The market is not able to make a Higher high. However, as bulls are not able to push the market to the upside, it might lead to a short correction. I am expecting the market : Case 1 : Sideways bullish in channel. Case 2 : Good momentum either side it breaks. Reason: RSI is 40-60, showing sideways structure. Price < EMA(13) and Price > EMA(200), which indicates weak bulls market PCR = 1.17 has increased from 0.97 and shows signs of bullishness and an increase in the bull's strength. Price > VWAP shows a Bullish market structure. Verdict: Neutral Plan of action: Case 1 : Sideways: Sell 23500 PE & 23600 CE (Hedge it with 10/- premium options) Case 2 : Keep both inside channel. Exit the opposite side on either side, and it breaks.
NSE:NIFTY
by finnova_
NIFTY prediction for today 20 JUN 24As we discussed, NIFTY traded in a sideways roller coaster with huge volatility inside the provided channel. If we look at the chart now: The market is trading indecisive in a bullish zone. By the time it's in the channel, it's going to be a roller coaster. If the market breaks the channel to the downside, it may lead to a good fall till 200 EMA . Inside the channel, it can again show good volatility, big up and down candles. Trade the market with proper risk management. Support levels: 23474, 23379, and 23340 or EMA(200) Resistance levels : 23622, and upper resistance trendline If we look at the OI data: PCR = 0.97, which has decreased from 1.91, shows a weak bullish sign in the market. 23500 is max-pain. The market does not have much resistance to the upside till 24000. However, as bulls are not able to push the market to the upside, it might lead to a short correction. Also, a significant fall in PCR shows weakness in bulls. I am expecting the market : Case 1 : Sideways bullish in channel Case 2 : Bearish if the market breaks the channel to the downside. Reason: RSI < 50, falling to doenside. if it crosses the 40 to the downside, it might lead to a bearish market. Price < EMA(13, 50) and Price > EMA(200), which indicates weak bulls market PCR = 0.97 has decreased from 1.19 and shows signs of weakness in the bull's strength. Price < VWAP shows a Bearish market structure. Verdict: Neutral Plan of action: Case 1 : Sideways: Sell 23500 PE & 23600 CE (Hedge it with 10/- premium options) Case 2 : Exit PE if it breaks the channel to the downside.
NSE:NIFTY
by finnova_
Nifty Intraday Support & Resistance Levels for 20.06.2024Nifty continued its upward journey and made a new All-Time High of 23,664 on Wednesday but closed negative at 23,516. The weekly trend (50 SMA) is positive, and the daily trend is still sideways. Support Levels: Near Support/Demand Zone (15m): 23,412 - 23,470 Further Down Support/Demand Zone (15m): 23,334 - 23,369 Far Support/Demand Zone (15m): 23,232 - 23,268 As the 75m trend (50 SMA) has turned sideways from an uptrend, it is advised to take confirmation entries for long trades at demand/support zones. Resistance Levels: Near Supply/Resistance Zone (5m): 23,611 - 23,636
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 20 Jun 2024NIFTY Intraday Trade Setup For 20 Jun 2024 Bullish-Above 23670 Invalid-Below 23620 T- 23865 Bearish-Below 23400 Invalid-Above 23450 T- 23190 NIFTY has closed on a slight bearish note with 0.18% cut today. It was a volatile day as it opened with a gap up and then strong sell off came once again it recovered and made a fresh day high. If today's high is not crossed tomorrow morning then it can be a bearish day tomorrow. However since 10 Jun index has been trading between the plotted channel. We need breakout for a good trendy move or else it will continue choppy moves. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23670 then we will long for the target of 23865. For selling we need a 15 Min candle close below 23400. T- 23190. 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 19 Jun 2024NIFTY Intraday Trade Setup For 19 Jun 2024 Bullish-Above 23600 Invalid-Below 23550 T- 23770 Bearish-Below 23490 Invalid-Above 23540 T- 23265 NIFTY has closed on a good positive note with 0.39% gain. After many days index broke 23500 and held that. But I said that I am expecting a good upside move with good momentum, it settled at higher price but momentum did not come. Overall it was a zoned market. It has formed a Pinbar candle in daily TF so be alert of its low for bear entry. 23600 and 23490 will be tomorrow's range to look for breakout. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23600 then we will long for the target of 23770. For selling we need a 15 Min candle close below 23490. T- 23265. 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 19 JUN 24As we discussed, NIFTY traded in a sideways-bullish zone on the upside with huge volatility in the short range. If we look at the chart now: The market is trading indecisive in a bullish zone. That may lead to a short correction in the market. The market is not going to be bearish unless EMA(13, 50) successfully crossovers. Right now, the market is very volatile. Trade it with proper risk management. Support levels: 23526, 23474(EMA(50)), and 23379 resistance levels: 23622, 23600 If we look at the OI data: PCR = 1.19, which has decreased from 1.42, shows a bullish sign in the market. 23500 is max-pain. The market does not have much resistance to the upside till 24000. However, as bulls are not able to push the market to the upside, it might lead to a short correction. Also, a significant fall in PCR shows weakness in bulls. There have been lots of calls unwinding, which shows that bears also do not have strength, which might lead the market sideways. I am expecting the market to touch an upper trendline and then a correction. Reason: RSI 70, having flat momentum, shows a sideways structure. Price > EMA(13, 50, 200), which indicates a bullish market structure. PCR = 1.19 has decreased from 1.42 and shows signs of weakness in the bull's strength. Price > VWAP shows a Bullish market structure. Verdict: Indecisive Plan of action: Case 1 : Range Bound: Sell 23600 CE & 23500 PE (Hedge it with 10/- premium options) Case 2 : Exit opposite position on either side it breaks.
NSE:NIFTY
by finnova_
1
NIFTY Intraday Trade Setup For 18 Jun 2024NIFTY Intraday Trade Setup For 18 Jun 2024 Bullish-Above 23500 Invalid-Below 23450 T- 23725 Bearish-Below 23330 Invalid-Above 23380 T- 23120 NIFTY has closed on a slight positive note with 0.45% gain last week. It was totally sideways as whole week's range was less than 300 points. It has formed a Pinbar candle in daily TF on Friday which indicates a bullish start of the week on Tuesday most probably. Friday's low will be an important swing low in terms of bearish reversal on Tuesday. Between 23500 and 23330 we will maintain a non-directional approach. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23500 then we will long for the target of 23725. For selling we need a 15 Min candle close below 23330. T- 23125. 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 ( Monday ) 17 JunAs we discussed in the morning, NIFTY traded in a sideways-bullish zone. If we look at the chart now: The market is trading in a Bullish sideways uptrending channel. The market is continuously taking support at 50 EMA. Until Marklet is inside the channel, it's going to be sideways. The market is in the middle of the channel, which might also act as good resistance. But if it breaks 23472 to the upside, it might go till 23600. However, if it breaks the channel and 50 EMA to the downside, there is a high probability that it's going to touch 200 EMA with a sharp fall. Support levels: 23338, 23199, and 23174 resistance levels: 23472, 23600 If we look at the OI data: PCR = 1.42, which has increased from 1.17, shows a bullish sign in the market. 23400 is max-pain. 23500 has significant CE writing at higher levels. On the other hand, 23300 and 23000 have heavy PE writing. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1 : Sideways in the up-trending channel Case 2 : Bearish if it breaks the channel to the downside. Reason: RSI 40-60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullish market structure. PCR = 1.42 has risen from 1.12 and shows signs of bullishness. Price > VWAP shows a Bullish market structure. Verdict: Indecisive Case 1 : Sideways in the up-trending channel Case 2 : Bearish if it breaks the channel to the downside. Plan of action: Case 1 : Sideways: Sell 23450 PE & 23450 CE (Hedge it with 10/- premium options) Case 2 : Exit opposite position on either side it breaks.
NSE:NIFTY
by finnova_
This sugar stock is ready to give 57% swing from current levelsHello Everyone. i hope you all will be doing good in your trading and your life as well. I have brought a stock which is under 50 rs. and have potential to give double digit returns in few days. Stock just have given breakout of falling resistance trendline. There is higher probability we can see this stock above 50+ in coming days. MACD is giving bullish crossover price is above 200-DEMA huge volume spike seen on breakout day All this indicating a good reversal in stock. Technically stock is looking good but fundamentally still not stable, so my recommendation will be only for short term. Please follow strict stop loss and target it this. go with less qty for better result. 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.
BSE:BAJAJHINDLong
by TraderRahulPal
4
NIFTY prediction for today 14 JunAs we discussed yesterday, Nifty spent on an up-trending channel and ended sideways. If we look at the chart now: The market is in the channel right now. If it breaks down to the downside, it will give a nice bearish momentum. Support levels: 23303, 23233, and 23152 resistance levels: 23439, 23481 I am expecting the market: Case 1: Sideways in channel. Case 2: Bearish if it breaks the channel to the downside. Reason: RSI 46-60 shows a sideways structure. Price ~ EMA(13) but greater than EMA(200), which indicates the market can correct itself till 200 EMA. EMA Bearish crossover of EMA(13, 50). PCR = 1.17 which shows a bullish sign in the market. Price ~ VWAP shows an indecisive market structure. Verdict: Sideways in channel. Bearish if it breaks the channel to the downside. Plan of action: Case 1 : Sideways: Sell 23350 PE & 23400 CE (Hedge it with 20/- premium options) Case 2 : Exit 23350 PE if it breaks to the downside.
NSE:NIFTY
by finnova_