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NIFTY

NIFTY prediction for today 2nd Jan 24As we have discussed, Nifty has been moving upwards in the channel. It was trading up on the channel. But yesterday, in the last 30 minutes, the fall was very strong. It might be the clear-cut signal of the Bearish market ahead in the week. Reasons : It has been traveling in the bullish channel side. The fall was sharp, indicating the power for bears is strong at 21800. 21680 has been providing support. If it breaks to the downside, the next direct target will be 200 EMA. According to the OI data, PCR is 0.9. which is mildly bullish. 21700 still has very nice support. If it breaks, bears will be gaining control. in 15 min TF price < EMA(13,50). if there is a crossover, EMA(13,50), the market will turn bearish. and the direct target will be 21500. RSI is near 40 going downwards, which means the market is going to be bearish today. RSI is showing bearish divergence, which means a fall is expected. most of the points discussed above show that the market is going to be bearish for this week. Verdict: Bearish Plan of action: Sell 21750 CE and hedge it with a small CE premium.
NSE:NIFTYShort
by finnova_
Understanding Impact of Bond Yield Differential on EquitiesOver the past decade the interest rate differential between US and India has been constantly going down. This has largely been due to stronger fiscal position of India and also gradual weakening of US Public Finances. This has led to the Rupee becoming more stable against the Greenback, thereby reducing the rate of inflation in India. Further, this has resulted in rising of equity markets over the last decade, and more importantly, the same setup is likely to stay or become better over the next two decades. Hence long term retail investors in India can benefit from this by placing algo based orders to buy Index ETFs on dips and reduce their cost of buying and stay invested over the long term thereby getting benefit of power of compounding. --------------------- Trading View Script:
TVC:IN10YEducation
by MBIPL
7
NIFTY Intraday Trade Setup For 01 Jan 2023NIFTY Intraday Trade Setup For 01 Jan 2023 Bullish-Above 21810 Invalid-Below 21760 T- 21940 22070 Bearish-Below 21670 Invalid-Above 21710 T- 21570 21435 NIFTY has closed on a bullish note last week with 1.79% gain. Index is approaching 22k mark as discussed in the last week. Possibility of a major top seems near 22500 zone. However 22070-22100 can also trigger profit booking being a round level zone. No plan of sell till the bullish price structure is intact in daily TF. Since last 2 sessions it index has formed a range 21810 and 21670 are the level for range shift. We will plan directional trades on this range breakout. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 21810 then we will long for the target of 21940 and 22070. For selling we need a 15 Min candle close below 21670. T- 21570 and 21435. 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. Happy New Year In Advance
NSE:NIFTY
by Omahto
NIFTY prediction for 1st Jan 24 (🚀 Happy New Year 🚀 ) 🥳Greetings, fellow traders! As we bid farewell to 2023 and welcome 2024, I want to wish you all a very Happy New Year. 🎉 What a year it has been for us! We have witnessed some incredible highs and lows in the market, and we have learned a lot from our successes and failures. We have also grown as traders, honing our skills and strategies, and adapting to the changing conditions. But we are not done yet. We have a new year ahead of us, full of new opportunities and challenges. We have a chance to start fresh, to correct our mistakes, and to improve our performance. We have a goal to achieve, to become the best traders we can be. And we will do it together, as a community of passionate and dedicated traders. We will support each other, share our insights and tips, and celebrate our wins. We will also be smart and disciplined, following our plans and rules, and managing our risks and emotions. So, are you ready to take on 2024? I know I am. But before we do, let’s take a moment to review the most important index for the Indian market: NIFTY. NIFTY has been moving in the rising Bullish zone, as discussed. It has touched the upper channel of the bullish zone. This indicates Nifty will soon be taking a bearish move. Looking at OI PCR = 0.90 (Neutral) indicates the market is neutral for now. But the chart indicates it will turn bearish soon. Reasons: RSI is 40-60, which is mostly sideways; OI confirms the same. it's near the middle channel of the bullish zone. If it breaks to the downside, it will trigger a bearish move in the market. Price > EMA(50,200), which indicates the market is still in bulls' control. Green Zone, which is 21500, will be providing nice support, which is also a barrier between bullish and bearish zones here. RSI shows bullish divergence, as has been marked on the chart. Verdict: Neutral OR Bearish Plan of action: Sell 21800 CE and 21500 PE and hedge them with a small premium option value.
NSE:NIFTY
by finnova_
Nifty2015-16 vs 2021-23Price has a habit of repeating historical pattern, as patterns are nothing but psychology of thousands of traders watching same charts. Nifty currently is showing very similar price pattern on daily timeframe which it developed in 2015-16, where previously it made a top and then was facing a resistance on falling trendline and sort of made triple/multiple tops. It finally broke out of it by making a double bottom on daily charts and then started another upmove. This upmove got fizzled out and made a rounding top pattern, and potentially those who were active that time would have faced similar dilemma which traders are currently facing that if this rounding top sort of formation breakdown then what are downside target. That didn't happened and Nifty made another double bottom around Dec 2016 and post which it rallied and rest is history where dream run of Nifty started and it went on to make a new high until 2020, when Covid crash came. Similarly, in current chart of 2021-23 session (as of today), Nifty has shown similar price pattern of facing resistance at a falling trendline then breaking out of it via a double bottom formation and making a new high. Post which it has now corrected and is sort of making another rounding top. Will Nifty survive the swing lows around 16750 or will it break and invite fresh aggressive shorts to trap them and then run away - only time will tell that, but these are just observations with an anticipations that potentially this correction will also get over very soon and we are may be near to bottom formation and then start a fresh up move. There is no trade recommendation here and these are just observations for learning purpose Nifty 2015-16 Nifty 2021-23
NSE:NIFTYEducation
by aktradelearning
29
Rupee best performer 2023. 2024 looks even better.Rupee stayed almost flat against the $ in 2023, depreciating 2% whereas other EM currencies depreciated more than 4%. Equities soared in 2023 and if things go as they are appearing, then 2024 promises to be even better. There is lot of hop and optimism in the air already about Indian economy and that will most likely translate into higher returns for Indian equity investors. If you are not in India - You are missing the biggest global party!
TVC:IN10Y
by MBIPL
NIFTY Intraday Trade Setup For 29 Dec 2023NIFTY Intraday Trade Setup For 29 Dec 2023 Bullish-Above 21810 Invalid-Below 21760 T- 21940 22070 Bearish-Below 21720 Invalid-Above 21770 T- 21577 21436 NIFTY has closed on a bullish note with 0.57% gain today. It opened with gap up above our buy level. 10 o'clock range was to be used as per trade setup. Range broke upside above 21760 and till 21801. It was more or less sideways the whole day, the momentum. Index is at striking distance from 22k mark which is going to be the next zone for a bull stop. Tomorrow there can be 2 way move so be ready to trade Intraday market structure. 21810 and 21720 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21810 then we will long for the target of For selling we need a 15 Min candle close below 21720. T- 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 28 Dec 2023NIFTY Intraday Trade Setup For 28 Dec 2023 Bullish-Above 21680 Invalid-Below 21630 T- 21825 21970 Bearish-Below 21570 Invalid-Above 21620 T- 21435 21298 NIFTY has once again closed on a bold bullish note with 1% gain. In the weekend we already discussed that 21400 is the level for a bullish structure and breakout of the same will propel markets to hit a fresh ATH. It was smooth from 21400-21675 and now major resistance is 21960-70. Today buy triggered as per trade setup above 21480 and hit first target however it opened with a slight gap up. 21680 and 21570 are important levels for tomorrow's session. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21680 then we will long for the target of 21825 and 1960-70. For selling we need a 15 Min candle close below 21570. T- 21435 and 21298. 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 27 Dec 2023NIFTY Intraday Trade Setup For 27 Dec 2023 Bullish-Above 21480 Invalid-Below 21430 T- 21650 21800 Bearish-Below 21390 Invalid-Above 21440 T- 21230 21060 NIFTY has closed on a positive note with 0.43% gain today. Buy triggered as per trade setup above 21400 and gave 75 points gain in favor till 10:30 A.M and later turned complete sideways within 70 points range near 0.786 zone. It has broke 21400 so as per weekend analysis it is ready for a fresh ATH. Above 21480 tomorrow we are likely to get a good upside move with momentum. Important resistance lies near 21800 zone. Below 21390 there is a chance of NIFTY sliding towards 21200 zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21480 then we will long for the target of 21650 and 21800. For selling we need a 15 Min candle close below 21390. T- 21230 and 21060. 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