Get started

NIFTY

Update on #YESBANK The company has recently released its results and the results are outstanding with net profit rising 145 percent. I expect a strong rally with bullish momentum from here as we have filled the FVG between 17.5 to 19.5 and due to the strong financial result we could see serious bullish momentum take over. I had shared 3 entries at ₹23, ₹20 and ₹19.5 . All three of your entries should now be active. These entries were perfectly timed with the result of yes bank and correction in nifty . I believe we will reach the three targets that I had mentioned within 4 to 5 years from here now. Target prices ₹93, ₹120 and 280, check out my earlier post on Yes bank for more information about the company's fundamentals and technical.
NSE:YESBANKLong
by SkyTradingZone
NIFTY Intraday Trade Setup For 28 Oct 2024NIFTY Intraday Trade Setup For 28 Oct 2024 Bullish-Above 24280 Invalid-Below 24230 T- 24550 Bearish-Below 24070 Invalid-Above 24120 T- 23770 NIFTY has closed on a bearish note last week. We already discussed last week that index is approaching 23700 zone. It is in flow since then in the downside. Also keep on riding with PDH as trailing SL. If a daily candle closes above PDH then we will exit our shorts and wait for fresh trade setup positionally. 24280 and 24070 are intra levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24280 post pullback then we will long for the target of 24550. For selling we need a 15 Min candle close below 24070. T- 23770. 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... ELLIOT WAVES COUNTING....Dear friends, As we see in the chart, Nifty is correcting rapidly from an all time high level. While counting the Elliot waves, we can see that waves 1 and 3 on the downside have been completed. The five waves of wave 3 are shown in the chart. Now we can expect wave 4, which is likely to consolidate for a few days. Wave 4 is likely to have moves on either sides and it can form a zig zag or a flat or a triangle pattern. I had shown a flat pattern of wave 4 in the chart. As per my view, the right time to invest will be at the end of wave 5 which is likely to be around 24000 to 24300 levels. Get ready to ride the bumpy wave 4 guys! Trade with appropriate stoploss.
NSE:NIFTY
by Stock-Holmes
9
Nifty Intraday Support & Resistance Levels for 25.10.2024On Thursday, Nifty opened flat, made a high of 24,480.65 and a low of 24,341.20 within the first hour of trading. The rest of the session saw Nifty move in a narrow range of 60-70 points, closing at 24,399.40, down 36 points from the previous close. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. The key Demand and Supply zones are unchanged from the previous post. Nifty Demand/Support Zones: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Far Demand/Support Zone (Daily): 23,350 - 23,667.10 Nifty Supply/Resistance Zones: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (15m): 24,798.95 - 24,882 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545
NSE:NIFTY
by PriteshPalan
Technical Class 1 #SMC1In finance, technical analysis is an analysis methodology for analysing and forecasting the direction of prices through the study of past market data, primarily price and volume. Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories.
NSE:BANKNIFTYEducation
by SkyTradingZone
Option chainAn option chain is a comprehensive list that shows you all available option contracts for a given stock. These are sorted by their expiration date, which is the last day you can trade or use the option, and strike price, which is the price at which you can buy (call) or sell (put) the stock. An option chain is a valuable tool for traders who want to make informed decisions about their investments. It provides information on the strike price, expiration date, and the price of each option.
NSE:BANKNIFTYEducation
by SkyTradingZone
Silver DivergenceDivergence and Gold/Silver Ratio Gold and silver are thought to move together, and often they do. There are periods where the Gold Trust (GLD) and Silver Trust (SLV) move in opposite directions and periods where one metal outperforms the other. Gold is currently outperforming silver. Such discrepancies occur and are monitored by the gold/silver ratio. The gold/silver ratio shows how many ounces of silver it takes to buy an ounce of gold. Since 1975, the average is near 60; right now it stands near 80 ($1,187 divided by $14.99). While gold outperformance, or silver's underperformance relative to gold, was very noticeable in early 2016, this has actually been going on for a long time. The outperformance has become even more pronounced since 2016. To start 2016, gold traded at $1,069 and silver at $13.80 -- the gold/silver ratio of 77.5. As of Oct. 2018, it's at 80. Gold prices have risen relative to silver prices quite steadily for years. This is mainly due to silver price weakness since peaking near $50 in 2011 (when silver outperformed gold).
NSE:BANKNIFTYEducation
by SkyTradingZone
Nifty Intraday Support & Resistance Levels for 24.10.2024On Wednesday, Nifty opened with a 93-point gap down, making a low of 24,378.10, which touched the weekly Demand Zone. It briefly bounced back to a high of 24,604.25 but couldn’t sustain the momentum, closing at 24,435.50, down 36 points from the previous close. The Weekly Trend (50 SMA) is sideways, and the Daily Trend (50 SMA) remains negative. Nifty Demand/Support Zones for 24.10.2024: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Far Demand/Support Zone (Daily): 23,350.00 - 23,667.10 Nifty Supply/Resistance Zones for 24.10.2024: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (15m): 24,798.95 - 24,882.00 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420.00 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545.00
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 24 Oct 2024NIFTY Intraday Trade Setup For 24 Oct 2024 Bullish-Above 24610 Invalid-Below 24560 T- 24885 Bearish-Below 24370 Invalid-Above 24410 T- 24097 NIFTY has closed almost on flat note with minor cut of 0.15% today. On Oct 17 it was discussed that we are approaching 23700 zone in the coming days. It is going in flow positionally. On a flat opening tomorrow below 24370 index will dive once again towards 24100 zone. Overall keep sell on rise approach. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24610 then we will long for the target of 24885. For selling we need a 15 Min candle close below 24370. T- 24097. 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
3
Nifty Intraday Support & Resistance Levels for 23.10.2024On Tuesday, Nifty opened 17 points higher, reached a high of 24,882, but faced heavy selling pressure, dropping nearly 430 points to hit a low of 24,445.80. It closed at 24,472.10, losing 309 points from the previous session. The Weekly Trend (50 SMA) has shifted to sideways from positive, while the Daily Trend (50 SMA) remains negative. Notably, Nifty broke and closed below the previous month's low, signaling potential further downside. Nifty Demand/Support Zones for 23.10.2024: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Far Demand/Support Zone (Daily): 23,350 - 23,667.10 Nifty Supply/Resistance Zones for 23.10.2024: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (15m): 24,798.95 - 24,882 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 22.10.2024On Monday, Nifty opened with a gap up, touching the 75-minute supply zone and making a high of 24,978.30. However, it reacted sharply from this zone, falling nearly 300 points to a low of 24,679.60. It eventually closed at 24,781.10, down 73 points from the previous close and below the FIBO 61.8% retracement level of 24,804.25. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is negative. Nifty Demand/Support Zones for 22.10.2024: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 22.10.2024: Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Far Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 21.10.2024On Friday, Nifty opened with a gap down, entering the Daily Demand Zone (24,522.95 - 24,638.80) mentioned earlier. It made a low of 24,567.65 and then bounced back over 300 points to reach a high of 24,886.20. Nifty closed at 24,854.05, gaining 104 points from the previous close and managing to stay above the FIBO 61.8% retracement level (24,804.25). The Weekly Trend (50 SMA) remains positive, but the Daily Trend (50 SMA) is still negative. Nifty Demand/Support Zones for 21.10.2024: Near Demand/Support Zone (Daily): 24,522.95 - 24,638.80 (already tested) Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 21.10.2024: Near Supply/Resistance Zone (75m): 24,951.75 - 25,059.45 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPalan
Nifty small upmove possibleNIFTY has clear indication now that wave c of wave B is under formation. The recent down move has not touched 127% level, so this down move was clearly wave b of wave B. Now if we use fib extension for target of wave c of wave B, we get cluster around 25422 and 25416 level, where 161.8% extension of wave c and 50% retracement of bigger wave A (which is the maximum target of wave B of Zig-zag). So we have good buying opportunity here with stoploss below 24545 and target of 25420.
NSE:NIFTYLong
by theprofityogi
Nifty Intraday Support & Resistance Levels for 18.10.2024On Thursday, Nifty opened gap up, reached a high of 25,029.50, but then tumbled more than 300 points to hit a low of 24,728.90. It closed at 24,749.85, losing 221 points from the previous close. Nifty closed below the critical 61.8% FIBO retracement level (24,804.25). If it fails to break above this level with volume and hold, we may witness further downside in the coming days. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has shifted from sideways to negative. Nifty Demand/Support Zones for 18.10.2024: Far Demand/Support Zone (Daily): 24,522.95 - 24,638.80 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 18.10.2024: Near Supply/Resistance Zone (75m): 24,951.75 - 25,059.45 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Far Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPalan
NIFTY going up or down from here?NIFTY is standing at crucial point. Here are two possibilities that will decide further move of NIFTY. 1. If price breaks down to 24548.65 level, it will be confirmed that wave C of Zig-zag has started and this move will go minimum up to 24255.75. 2. If price takes support near 24635 (or just say, reverses from anywhere without touching 24548.65) it will be considered that wave B of Zig-zag is still under formation. In this case NIFTY may show some up move upto 25299, and 25485.85.
NSE:NIFTY
by theprofityogi
NIFTY Intraday Trade Setup For 18 Oct 2024NIFTY Intraday Trade Setup For 18 Oct 2024 Sell_1- From 24910 Invalid-Above 24960 T- 24750 Sell_2- Below 24690 Invalid-Above 24740 T- 24470 NIFTY has closed on a bearish note with 0.89% cut today. It has approached hourly support zone near 24700 zone. Post bounce from hourly support index can dive below 24690. Index is probably heading towards 23700 zone in the coming days. 25250 is hourly resistance and a reversal level too. Coming to Friday's trade setup, if index opens flat and 24910 is tested then one can short from the same. T- 24750 In case of flat opening one can short below 24690 on 15 Min candle close. T- 24470. 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 17.10.2024On Wednesday, Nifty opened with a gap down, reaching a high of 25,093.40 and a low of 24,908.45, closing the day at 24,971.30, losing 86 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. Nifty Demand/Support Zones for 17.10.2024: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 17.10.2024: Near Supply/Resistance Zone (5m): 25,045.45 - 25,059.05 Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 16.10.2024On Tuesday, Nifty opened with a gap up, hitting a high of 25,212.05 as it touched the 15-minute supply zone from the previous post. However, it reversed sharply, dropping 200 points to a low of 25,008.15, eventually closing at 25,057.35, down by 70 points. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) stays sideways. Nifty Demand/Support Zones for 16.10.2024: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Near Demand/Support Zone (75m): 24,928.05 - 24,979.10 Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 16.10.2024: Near Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 15.10.2024On Monday, Nifty opened with a gap up, reaching a high of 25,159.75 before closing at 25,127.95, gaining 163 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) continues to be sideways. Nifty Demand/Support Zones for 15.10.2024: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 15.10.2024: Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPalan