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NIFTY

#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
Nifty Intraday Support & Resistance Levels for 06.11.2024On Tuesday, Nifty opened on a weak note, dipping to a low of 23,842.75 before rallying to a high of 24,229.05. It closed at 24,213.30, up by 218 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support (30m): 23,842.75 - 23,951.10 Near Demand/Support (Daily): 23,350 - 23,667.10 Extended Support: 23,189.88 (61.8% FIBO) Far Demand/Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance (75m): 24,280.20 - 24,368.25 Near Supply/Resistance (125m): 24,502.80 - 24,604.25 Additional Resistance (75m): 24,636.75 - 24,741.45 Extended Resistance (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPalan
NMDC has announced bonus share and stock has given breakoutHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another stock which has given breakout of falling trendline on the news of bonus share announcement. Stock is technically and fundamentally good company. I am expecting 30-35% rally in this. Stock is ready to fly in blue sky. NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power. A Navratna company National Mineral Development Corporation (NMDC) was established in the year 1958 as a fully owned government company under the administrative control of the Ministry of steel and is one of the most profitable ones among the Navratna companies. Forward Integration NMDC is one of the world’s low-cost Iron ore producers and they have ventured into the steel-making business to benefit from their ability to procure Iron ore at a cheaper price. The company has procured 2000 Acres of land in Chattisgarh to set up a steel plant with a manufacturing capacity of 3 MTPA and the facility will be the largest Blast furnace in India with a capacity of 4506 Cum. Market Cap ₹ 68,796 Cr. Current Price ₹ 235 High / Low ₹ 286 / 160 Stock P/E 11.2 Book Value ₹ 87.5 Dividend Yield 3.11 % ROCE 30.9 % ROE 23.9 % Face Value ₹ 1.00 Industry PE 20.7 Debt ₹ 3,359 Cr. EPS ₹ 20.1 Promoter holding 60.8 % Intrinsic Value ₹ 470 Pledged percentage 0.00 % EVEBITDA 6.58 Change in Prom Hold 0.00 % Profit Var 5Yrs 4.67 % Sales growth 5Years 11.9 % Return over 5years 22.2 % Debt to equity 0.13 Net profit ₹ 5,887 Cr. ROE 5Yr 24.0 % Profit growth 23.1 % Earnings yield 15.2 % PEG Ratio 2.39 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.
NSE:NMDCLong
by TraderRahulPal
4
Technical Analysis Part - 2The RSI provides immediate signals for buying and selling, helping you understand whether an asset is overbought or oversold. RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued. Volume can confirm divergence signals by indicating the strength and conviction behind price movements. High volume during divergence signals strengthens the reliability of the signal, while low volume may indicate weaker market sentiment.
NSE:BANKNIFTYEducation
by SkyTradingZone
Nifty Intraday Support & Resistance Levels for 05.11.2024On Monday, Nifty opened slightly negative and saw a sharp decline of nearly 500 points, reaching a low of 23,816.15 before closing at 23,995.35, down by 309 points from the previous close. With the Weekly Trend (50 SMA) sideways and the Daily Trend (50 SMA) negative, Nifty has broken below its weekly demand zone, indicating potential further downside. Any rise could present short-term selling opportunities. Demand/Support Zones Near Demand/Support (Daily): 23,350 - 23,667.10 Far Support: 23,189.88 (61.8% FIBO) Extended Demand/Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance (15m): 24,063.95 - 24,107.55 Near Supply/Resistance (30m): 24,280.20 - 24,356.25 Near Supply/Resistance (125m): 24,502.80 - 24,604.25 Extended Supply/Resistance (75m): 24,636.75 - 24,741.45 Extended Supply/Resistance (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 5 Nov 2024NIFTY Intraday Trade Setup For 5 Nov 2024 Sell_1-From 24175 Invalid-Above 24225 T- 23950 Sell_2- Below 23800 Invalid-Above 23850 T- 23570 NIFTY has closed on a bearish note with 1.27% cut today. Index was just trendy after triggering short as per trade setup. Also index is approaching our position short target - 23700 zone. We have been riding short from 24850 zone which was updated on 17 Oct. We will keep riding this until our trailing sl is hit. If a daily candle closes above PDH then we exit and there will be chance of sentiment change. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 23800 then we will short for the target of 23570. We will also short from 24175 in case tested in the 1st hour. T- 23950 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 Trading Strategy: 4th November 2024Nifty Trading Strategy: Buy Above 24,360 / Sell Below 24,150 Current Price: 24,305.00 Key Levels: Buy Signal: If the price closes above 24,360 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,150 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 24,305.00, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely. Recommendations: Buy: If the price sustains above 24,360 on the one-hour candle close, consider entering long positions with targets at 24,500 and 24,600. Sell: If the price breaks below 24,150 on the one-hour candle close, consider short positions with targets at 24,000 and 23,900. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty Intraday Support & Resistance Levels for 04.11.2024On Friday, Nifty opened with a gap up, landing in the 15m Supply Zone, hitting a high of 24,368.25 before dropping to a low of 24,280.20. It closed at 24,304.35, gaining 99 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support (15m): 24,073.90 - 24,099.10 Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support (Daily): 23,350 - 23,667.10 Supply/Resistance Zones Near Supply/Resistance (5m): 24,463.10 - 24,498.20 Near Supply/Resistance (15m): 24,522.25 - 24,583.50 Near Supply/Resistance (75m): 24,636.75 - 24,741.45 Near Supply/Resistance (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 4 Nov 2024NIFTY Intraday Trade Setup For 4 Nov 2024 Bullish-Above 24380 Invalid-Below 24330 T- 24600 Bearish-Below 24170 Invalid-Above 24220 T- 24900 NIFTY has formed a halt candle in weekly TF. After continuous selling since 27 Sep it took a pause in weekly TF. 23700 target which was said when index went below 24k is still pending. Also it was said that we need to keep an eye on PDH for trailing the positional short trade. If index closes above PDH then bearish sentiment may take a halt so will close short view then. 24380 and 24170 are intraday levels for tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24380 then we will long for the target of 24600. For selling we need a 15 Min candle close below 24170. T- 23900. 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 Muhurat Trading Support & Resistance Levels for 01.11.2024✨ Happy Diwali and Prosperous Muhurat Trading! ✨ On Thursday, Nifty opened almost flat but faced selling pressure, hitting a low of 24,172.60 before closing at 24,205.35, down by 135 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is Negative. Larger time frame demand and supply zones (75m, Daily, Weekly) remain the same as previously noted. Small Time-Frame Demand/Support Zones Near Demand/Support (15m): 24,073.90 - 24,099.10 Small Time-Frame Supply/Resistance Zones Near Supply/Resistance (15m): 24,328.00 - 24,372.45 Near Supply/Resistance (5m): 24,463.10 - 24,498.20 Near Supply/Resistance (15m): 24,522.25 - 24,583.50 Larger Time-Frame Demand/Support Zones Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support (Daily): 23,350 - 23,667.10 Larger Time-Frame Supply/Resistance Zones Near Supply/Resistance (75m): 24,636.75 - 24,741.45 Near Supply/Resistance (Daily): 24,664.95 - 24,978.30 Wishing you all a profitable Muhurat session and a bright Diwali ahead! 🪔📈
NSE:NIFTY
by PriteshPalan