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NIFTY

Nifty 50 spot 23532.70 by Daily Chart view Nifty 50 spot 23532.70 by Daily Chart view - 2 nos of Gap Down Openings are closed between 24350 to 25080 level range - 2 nos of Gap Down Openings will get closed in next ATH creations process near ATH 26277.35 - Most probable Support Zone likely at 23200 to 23350 to anticipate for upside reversal prospective - Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken - Huge Downfall of 04th June, 2024 has closed the past 2 nos Gap Up Opening and 2 nos Gap Down Openings
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 spot 23453.80 by Daily Chart view - Update to old Chart*Nifty 50 spot 23453.80 by Daily Chart view* - Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective - Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken - *Old times Gaps to be filled will be a longer shot to expect if markets take a nosedive below 21180 Nifty 50 Index trading range* - Huge Downfall of 04th June, 2024 closed many of the past Gap Up Opening and Gap Down Openings between 21181 to 23338 Nifty Index trading range - Update to old chart shared last week
NSE:NIFTY
by PIYUSHCHAVDA
2
Nifty 50 - A Healthy Market Correction, Not a Crash!The recent dip in the Nifty index should be seen as a healthy market correction rather than a crash. Corrections are a natural part of any market cycle, helping to recalibrate overvalued stocks and present opportunities for long-term investors. While short-term volatility may cause concern, it’s essential to focus on the broader trend. Key support levels are marked, and as the dust settles, the market could find new momentum to move upward. Staying patient and strategic during such phases often proves rewarding. Expect a follow-up to this in the coming months.
NSE:NIFTY
by sandeepbalachandran
Nifty Intraday Support & Resistance Levels for 18.11.2024On Thursday, Nifty opened with a gap down, touched a high of 23,675.90, and slipped to a low of 23,484.15. It eventually closed at 23,532.70, losing 26 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Notably, Nifty has closed inside the Daily Demand Zone for the second consecutive session. As mentioned earlier, if this support holds, we could witness bullish momentum pushing Nifty toward 23,900 - 24,250 levels. Demand/Support Zones Near Support (Daily): 23,350 - 23,667.10 (current price within the zone) Far Support: 23,189.88 (61.8% FIBO Level) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Immediate Resistance (30m): 23,908.65 - 23,992.50 Higher Resistance (75m): 24,106.90 - 24,242.00 Major Resistance (75m): 24,447.65 - 24,537.60 Extended Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 18 Nov 2024NIFTY Intraday Trade Setup For 18 Nov 2024 Bullish-Above 23690 Invalid-Below 23640 T- 23910 Bearish-Below 23480 Invalid-Above 23530 T- 23213 NIFTY has closed on a bearish note with 2.55% cut last week. Last weekend we discussed that index will be gripped by bears below 24k. It gave a non-stop move till 23500. Now index may find support near 23150 zone as per half bat pattern (0.618). Index has formed an inverted hammer candle in daily TF near channel lower in daily TF so above its high it can be validated or else it will be sell on rise. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23690 then we will long for the target of 23910. For selling we need a 15 Min candle close below 23480. T- 23213. 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
My personal view on the Nifty 50 spot 235559.05 by Daily Chart v*My personal view on the Nifty 50 spot 235559.05 by Daily Chart view* - 2 nos of Gap Down Openings are closed - 2 nos of Gap Down Openings will get closed in next ATH creations process - Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective - Huge Downfall of 04th June, 2024 has closed the past 2 nos Gap Up Opening and 2 nos Gap Down Openings - *Nifty 50 post hitting the ATH retraced and formed a Bearish Head & Shoulders pattern and pretty much has covered the depth by the neckline* - *Based on the Technical Chart Setup, we may now anticipate and expect to look forward for an upside reversal to happen from the Support Zone*
NSE:NIFTYLong
by PIYUSHCHAVDA
#NIFTY - 14TH NOVEMBER NSE:NIFTY #NIFTY ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:NIFTYLong
by thetradeforecast
1
Nifty Intraday Support & Resistance Levels for 14.11.2024On Wednesday, Nifty opened with a gap down and, driven by heavy selling in major stocks, dropped to a low of 23,509.60, entering the key Daily Demand Zone mentioned in the previous post. It closed at 23,559.05, down 324 points. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. However, since Nifty has entered and closed within the Daily Demand Zone, if this support holds, we could see some bullish momentum toward the 23,900–24,250 range. It’s worth noting that Nifty has already corrected 2,767.75 points from the high of 26,277.35, marking a 10% drop from the peak. Demand/Support Zones Key Support (Daily): 23,350 - 23,667.10 (current price within this zone) Far Support: 23,189.88 (61.8% FIBO) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Immediate Resistance (30m): 23,908.65 - 23,992.50 Higher Resistance (75m): 24,106.90 - 24,242.00 Extended Resistance (75m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 13.11.2024On Tuesday, Nifty opened with a gap up, reaching a high of 24,242 but failed to hold gains, dropping 400 points from the peak to a low of 23,839.15, breaking below the 30m demand zone. It closed at 23,883.45, down by 258 points. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. As noted in previous posts, Nifty continues to be a "Sell on Rise" market until trends shift. Since reaching 24,537.60 last week, Nifty has declined steadily, losing 700 points over the past five trading days. Demand/Support Zones Near Support (Daily): 23,350 - 23,667.10 Deeper Support: 23,189.88 (61.8% FIBO) Major Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (75m): 24,106.90 - 24,242.00 Mid Resistance (75m): 24,447.65 - 24,537.60 Further Resistance (75m): 24,636.75 - 24,741.45 Key Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 12.11.2024On Monday, Nifty opened on a negative note, dropped to a low of 24,004.60, then rebounded mid-session to reach 24,336.80. However, it couldn't hold the gains and closed at 24,141.30, down 7 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Key demand and supply zones stay unchanged from the previous update. Demand/Support Zones Near Support (30m): 23,842.75 - 23,951.10 Key Support (Daily): 23,350 - 23,667.10 Deep Support: 23,189.88 (61.8% FIBO) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (30m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45 Major Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 12 Nov 2024NIFTY Intraday Trade Setup For 12 Nov 2024 Bullish-Above 24390 Invalid-Below 24340 T- 24605 Bearish-Below 24000 Invalid-Above 24050 T- 23675 NIFTY has closed on a flat note today after giving both side moves in intraday. 24k acted as a strong support today. Now if index goes below 24k bearish move towards 23700 zone will be initiated. It has been said multiple times that index is sell on rise and is still valid till it trades below 50 EMA in daily TF. 24390 and 24000 are intraday levels for tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24390 then we will long for the target of 24605. For selling we need a 15 Min candle close below 24k. T- 23675. 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
1
Nifty Intraday Support & Resistance Levels for 11.11.2024On Friday, Nifty opened nearly flat, dipping to a low of 24,066.65 and climbing to a high of 24,276.15, before closing at 24,148.20—a loss of 51 points from the previous close. With the Weekly Trend (50 SMA) remaining sideways and the Daily Trend (50 SMA) still negative, it continues to be a “Sell on Rise” market unless there’s a trend shift to positive. Key demand and supply levels stay consistent with previous posts. Demand/Support Zones Near Support (30m): 23,842.75 - 23,951.10 Key Support (Daily): 23,350 - 23,667.10 Deep Support: 23,189.88 (61.8% FIBO) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (30m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45 Major Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 12 Nov 2024NIFTY Intraday Trade Setup For 12 Nov 2024 Bullish-Above 24280 Invalid-Below 24230 T- 24500+ Bearish- Below 24050 Invalid-Above 24100 T- 23775 NIFTY has closed with slight cut of 0.64% last week. It has formed a spinning top candle in weekly TF which indicates either halt of ongoing selling which later can result into reversal on further confirmation or a continuation below its low- 23800. Overall market is sell on rise till it regains 50 EMA in daily TF. 24280 and 24050 are intraday levels. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24280 then we will long for the target of 24500+. For selling we need a 15 Min candle close below 24050. T- 23775. 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 08.11.2024On Thursday, Nifty opened flat, climbed to a high of 24,503.35, and then slid, ignoring the 15m Demand Zone and reaching a low of 24,179.05. It closed at 24,199.35, down by 284 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. As we've mentioned in earlier posts, it’s a “Sell on Rise” market until a positive trend shift occurs. Demand/Support Zones Near Support (30m): 23,842.75 - 23,951.10 Key Support (Daily): 23,350 - 23,667.10 Deep Support: 23,189.88 (61.8% FIBO) Far Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (30m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45 Major Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPalan
#NIFTY50 - 7TH NOVEMBER!!NSE:NIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. Ps note: I'm not SEBI Registere 🙏🏻
NSE:NIFTYShort
by thetradeforecast
15
NIFTY Intraday Trade Setup For 8 Nov 2024NIFTY Intraday Trade Setup For 8 Nov 2024 Sell_1- From 24400 Invalid- 24450 T- 24250 Sell_2- Below 24170 Invalid- Above 24220 T- 23945 NIFTY has closed closed on a bearish note with 1.16% cut today. Index was bearish since opening and later sell triggered below 24280 and gave 100 points. Index has entered into bearish sentiment once again. No bullish view till we get bullish price structure in daily TF. Tomorrow we will still maintain bearish stance, sell on rise approach. 24400 will be resistance for the day. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 24170 then we will short for the target of 23944. We will short in case of pullback towards 24400 zone. T- 24240. 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
Titan Trading/Investment OpportunityTitan Buy Analysis As per the current market scenario, Titan appears to have found a support level and may have bottomed out, presenting a favorable buying opportunity. Here are the suggested entry and target levels: Buy Setup Buy Above: 3,220 Targets: 3,270, 3,350, 3,410 Rationale: If Titan surpasses the 3,220 mark, it could signal a recovery and upward momentum. Achieving the first target at 3,270 may lead to further gains, reaching subsequent targets as market sentiment turns positive. No sell call has been provided, as Titan appears to be at a strong support level, indicating limited downside potential. Disclaimer I am not SEBI Registered. This analysis is intended solely for informational purposes and should not be considered as financial advice. Please conduct your own research or consult a professional before executing any trades. Trading in financial markets carries significant risk, and past performance does not guarantee future results.
NSE:TITAN1!
by ramkkyy
Nifty Intraday Support & Resistance Levels for 07.11.2024On Wednesday, Nifty opened with a gap-up, breaking through the 75-minute supply zone and advancing into the 125-minute supply zone. It reached a high of 24,537.60, closing at 24,484.05 with a strong gain of 270 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Support (15m): 24,281.90 - 24,333.65 Near Support (30m): 23,842.75 - 23,951.10 Near Support (Daily): 23,350 - 23,667.10 Far Support: 23,189.88 (61.8% FIBO Level) Deep Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (125m): 24,502.80 - 24,604.25 Near Resistance (75m): 24,636.75 - 24,741.45 Key Resistance (Daily): 24,567.65 - 24,978.30
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 7 Nov 2024NIFTY Intraday Trade Setup For 7 Nov 2024 Bullish-Above 24550 Invalid-Below 24500 T- 24800 25050 Bearish-Below 24280 Invalid-Above 24330 T- 24020 NIFTY has closed on a bold bullish note with 1.12% gain today. It has almost touched 23700 zone, made a low of 23816.15 on 4 Nov. So our swing sell target was met. It has closed above PDH so bearish sentiment is void now chance of a halt or bullish reversal is on cards. 24550 and 24280 are intra levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24550 then we will long for the target of 24800 and 25050. For selling we need a 15 Min candle close below 24280. T- 24022. 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