Get started

NIFTY

Nifty Support & Resistance Levels for 15.05.2024Nifty encountered resistance within the 75-minute supply zone identified between 22244 and 22369, as mentioned in the previous post, resulting in a minor downward reaction. Further downside movement is anticipated, with expectations of a decline towards the support zone located at 22132 to 22071. Additionally, a distant support zone is identified at 21934 to 21979. Meanwhile, the nearest resistance remains unchanged, standing at 22244 to 22369, with a more distant resistance observed between 22409 and 22589.
NSE:NIFTYShort
by PriteshPalan
NIFTY Intraday Trade Setup For 15 May 2024NIFTY Intraday Trade Setup For 15 May 2024 Bullish-Above 22280 Invalid-Below 22230 T- 22500 Bearish-Below 22080 Invalid-Above 22130 T- 21800 NIFTY has closed on a bullish note with 0.51% gain today. Unlike BANKNIFTY it was trendy after 11 o'clock. Buy triggered as per trade setup above 22150 and gave a move till 22270, however target was not achieved. On a flat opening there can be another good trendy day above 22270. 22370 looks as an confluence zone in case of a gap up. Currently bulls have overpowered so will maintain a bullish view. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22280 then we will long for the target of 22500. For selling we need a 15 Min candle close below 22080. T- 21800. 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
Nifty50 Support And Resistance 14-May-24Please find below simple resistance and support: Resistance: 22132 If crossed up then will see upward move: TGT: 22338 (1 small hurdle at 22186) Support: Trendline support although 21934 If crossed down then will see downward move: TGT: 21820 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
NIFTY Intraday Trade Setup For 14 May 2024NIFTY Intraday Trade Setup For 14 May 2024 Bullish-Above 22150 Invalid-Below 22100 T- 22430 Bearish-Below 21820 Invalid-Above 21870 T- 21600 NIFTY has closed on a positive note with 0.22% gain today. Index respected the lower trendline of the channel being followed in daily TF. Index has formed a Pinbar candle which indicates a potential reversal in the short term. Tomorrow above 22140 there can good upside move and 61.8% retracement will be initiated. Important resistance lies near 22425-50.Bears will take a grip below 21930. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22150 then we will long for the target of 22425-50. For selling we need a 15 Min candle close below 21800. T- 21600. 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 Support & Resistance Levels for 13.05.2024Nifty found support within the previously mentioned zone, prompting a modest rebound. However, caution prevails as the market appears to be adopting a "Sell on Rise" stance at present. The nearest resistance is expected between 22148 and 22187, with further resistance observed at 22244 to 22369. Meanwhile, the nearest support remains unchanged from the last post, ranging from 21850 to 21937. Additionally, a significant Fibonacci level at 61.8%, corresponding to 21770 (from the low of 21137 on 24.01.2024), serves as a far support level. Traders are advised to stay attentive to market movements amidst this cautious environment.
NSE:NIFTYShort
by PriteshPalan
NIFTY Intraday Trade Setup For 13 May 2024NIFTY Intraday Trade Setup For 13 May 2024 Bullish-Above 22150 Invalid-Below 22100 T- 22235 Bearish-Below 21930 Invalid-Above 21980 T- 21680 NIFTY has closed on a bearish note last week with 1.87% cut last. Last week we discussed that there is a possibility of short term downside move below 2nd leg Shooting Star's low- 22340. Index triggered the short trade and gave one way move till 21950 without a major pullback. Also index has taken a halt at lower trendline in daily TF. Once again let me discuss the major weekly levels which are 22800 and 21700. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22150 then we will long for the target of 22350. For selling we need a 15 Min candle close below 21930. T- 21680. 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
Nifty50 Support And Resistance 13-May-24 Please find below simple resistance and support: Resistance: 22093 If crossed up then will see upward move: TGT: 22131 Support: 21984 If crossed down then will see downward move: TGT: 21813 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
Nifty Support & Resistance Levels for 10.05.2024Nifty encountered a downward move, breaching the first support level highlighted yesterday and reaching the second support zone between 21850 and 21937. Although there might be a slight rebound in sight, indicated by GIFTNifty signalling a potential GAP UP opening, caution is advised as the market appears to be in "Sell on Rise" mode. The nearest resistance levels stand at 22148 to 22187, with further resistance observed between 22244 and 22369. Meanwhile, the nearest support remains unchanged from yesterday, ranging between 21850 and 21937. Traders are advised to stay vigilant amid the current market conditions.
NSE:NIFTYShort
by PriteshPalan
Nifty Intraday Prediction Levels for 10 May 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:NIFTY
by suraranjanganguli
Nifty Support & Resistance Levels for 09.05.2024Nifty ended the day at the same levels as yesterday, at 22302.50. The closest support or demand area lies between 22102 and 22179, while a bit further down, another support zone ranges from 21850 to 21937. On the other hand, the nearest resistance zone is between 22444 and 22494, with a more distant one stretching from 22755 to 22794. Traders will be watching closely to see how Nifty responds to these levels, which could influence market direction for the day.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Prediction Levels for 9 May 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:NIFTY
by suraranjanganguli
Nifty Intraday Prediction Levels for 8 May 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:NIFTY
by suraranjanganguli
08 May 2024 - Banks and IT were in RED, but Nifty closed flatBankNifty Analysis - Stance Bearish⬇️ BN was unable to defend the 48115 support resistance today and it was an advantage Bears. The overall price action was neutral and that might be related to the expiry trades. There were a couple of instances where BN moved 100+ pts in minutes - this really had an impact on the algo trades, but happy that major damage was not done. Both BN and NiftyIT closed the day in the RED, whereas Nifty50 ended the day flat. If IT is also going the banks' way, we might have further downsides.  For tomorrow, I wish to hold on to the Bearish view and then go neutral if we spend considerable time above 48101. The algos did pretty well today and ended up generating a whopping profit of 54085 INR.
NSE:BANKNIFTYShort
by viswaram
Nifty closed at the same levels for 5th time in 20 years - studyNifty traded within prev day's range, it erased the intraday gains after taking rejection from trendline Nifty needs to move outside the prev day's range to show Directional Movement on Expiry day The Wednesday session HIgh & low can work as Resistance & support zone, For Gap up/ Gap Down, track for Price action confirmation at imp levels Resistance / support zones can work same as last session *For Educational purpose
NSE:NIFTY
by Himanu_HATradeTalk1
Nifty50 Support And Resistance 9-May-24Please find below simple resistance and support: Resistance: 22369 If crosses up then will see upward move: TGT: 22480 Support: 22246 If crosses down then will see downward move: TGT: 22185 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma