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Nifty50

Nifty 50 Bearish Outlook for the Month: High Caution AdvisedDescription: 1. Monthly Chart Insights: Nifty 50 remains in bearish territory for the current month, with a notable formation of a negative candle pattern. The open = high candle is a key indication of bearish sentiment. Additionally, the Relative Strength Index (RSI) is hovering above the 80 level, signifying an overbought condition. This suggests the market is trading at a premium, raising concerns for a potential downside correction. 2. Daily Chart Overview: On the daily timeframe, further bearish divergence is visible in the RSI, adding weight to the bearish outlook. The index is also trading below its Least Squares Moving Average (LSMA) of the 25-day close, reinforcing the likelihood of continued downward momentum. 3. Global Market Cues: Globally, the market sentiment remains weak, with major indices experiencing a drag of 3% to 4%. This provides additional bearish cues for Nifty 50, aligning with the negative outlook on a macro level. 4. All-Time High Considerations: The ATH (All-Time High) of 25,333 is expected to act as a formidable resistance, with little probability of being tested in the short term. A period of consolidation or further downside is anticipated over the coming months. Key Takeaway: Investors and traders are advised to exercise extreme caution and patience in their trading decisions, given the prevailing technical and global factors. Risk management should be a priority, as the market may experience increased volatility in the near term. Kudos to all traders for navigating these uncertain times. Trade cautiously, trade patiently.
NSE:NIFTYShort
by kunalsinghbalyan
NIFTY Intraday Trade Setup For 4 Sep 2024NIFTY Intraday Trade Setup For 4 Sep 2024 Bullish-Above 25350 Invalid-Below 25300 T- 25492 Bearish-Below 25230 Invalid-Above 25280 T- 25025 NIFTY has closed on a flat note today. Nothing triggered as per trade setup so same levels are valid for tomorrow. Index was overall momentum less. This momentum less market will continue till VIX is below 15. Kindly avoid huge exposure in direction trading especially in option buying as market is dull. 25350 and 25230 are intraday levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25350 then we will long for the target of 25492. For selling we need a 15 Min candle close below 25230. T- 25025. 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.
NSE:NIFTY
by Omahto
2
Banknifty weekly expiry analysis for 04/09/2024.Banknifty has been lagging behind and is still 1500-1700 points lower from its all time high. The market in the final hour has given a nice upside rally and closed above the round number levels and the resistance zone. An engulfing candle is formed on the daily charts and tomorrow is weekly expiry in the index. If there is a gap up opening there are chances of it giving a nice upside rally. In case of a flat to slight gap down opening, a slaggishness can be seen as the makret is behaving now a days. Major support levels :- 51550, 51310 Resistance zone :- 51880, 52000, 52150 Banknifty has taken a good support from the Hourly 20 ema and given good upside move. If the move continues a trade can be initiated above the resistance zones. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
FinNifty weekly expiry analysis for 03/09/2024.Finnifty has been trading in a rising wedge pattern and is trading around the resistance zone of 23800. For a while the market is being good for option seller and hitting option buyer hard. If the trend changes and market starts trading below 23680, a bearish trade can be entered with previous supports as targets. In case the market give a break out of the resistance zone above, a small quantity trade can be initiated. Major support zone is around 23280 and a quality bearish trade can be entered only once the levels is taken out. Other levels for intraday trades are 23680, 23600, 23490 Resistance zone :- 23840, 23970 Wait for teh price action near the levels before entering the market. Keep in mind premium decay will be there as tomorrow is the weekly expiry of the index.
NSE:CNXFINANCE
by TheMamboMomentum
NIFTY Intraday Trade Setup For 3 Sep 2024NIFTY Intraday Trade Setup For 3 Sep 2024 Bullish-Above 25350 Invalid-Below 25300 T- 25492 Bearish-Below 25230 Invalid-Above 25280 T- 25025 NIFTY has closed almost on a flat note with slight gain of 0.17% gain today. It opened with 100 points gap up and did not sustain that. Index was overall momentum less. This momentum less market will continue till VIX is below 15. Kindly avoid huge exposure in direction trading especially in option buying as market is dull. 25350 and 25230 are intraday levels for tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25350 then we will long for the target of 25492. For selling we need a 15 Min candle close below 25230. T- 25025. 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
Bank-Nifty // 4 Hour //Support and Resistance with SkyTradingMod"Welcome to SkyTradingMod " Hello Everyone 👋 Most Impotent: Support Levels: Around 51,000 and 50,700. Resistance Levels: Around 51,400 and 52,000. # Normal Support and Resistance we mark on the Post. The market is currently showing a bullish trend, but it might experience some consolidation before making a decisive move. We’re excited to share our passion with you. From expert the latest trends, we’re here to keep you informed and inspired. Stay tuned for our latest posts and join our community of enthusiastic readers!" Let’s make this a space where everyone feels connected and valued!"
NSE:BANKNIFTYLong
by SkyTradingZone
NIFTY Intraday Trade Setup For 30 Aug 2024NIFTY Intraday Trade Setup For 30 Aug 2024 Bullish-Above 25200 Invalid-Below 25150 T- 25390 Bearish-Below 24950 Invalid-Above 25000 T- 24770 NIFTY has closed on a bullish note with 0.4% gain today. It was a full volatile session especially post 1 PM. Since last many days it was comfort for option sellers, today it backfired. For me index is still sideways to bullish so follow the same approach till PDL is safe in closing basis. If daily candle closes below PLD then sentiment will turn bearish and sell on rise approach will be suited after a bearish reversal structure. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 25200 then we will long for the target of 25390. For selling we need a 15 Min candle close below 24950. T- 24770. 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
IREDA ( going to shoot up ); 2024- best pick; min 100% ROIMay be going to became "Hot stock - 2024" Fundamentally good stock, Good For short term/ long term investment in cash market'. Leave a " Like If you agree ". 👍 . . Enter only after breaking & close above " Yellow box" mentioned. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Refer old ideas attached below🧲 Follow for regular updates👍
NSE:IREDALong
by TheNuraTrading
5
Nifty Intraday Levels | 28-AUG-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
BMW looking good; short term / long term; min 110% RoiAdd this to watchlist and wait for entry.👁️‍🗨️ For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "82". Trade carefully untill ENTRY level. . Entry: 82 / 65 target: 119 - 134- 150- 195 sl: 74 (82) / 55 (65) major stoploss/ support: 55 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
BSE:BMWLong
by TheNuraTrading
FinNifty monthly expiry analysis for 27/08/2024.Market slow and steadily is trading in a upward direction but intraday momentum is in a sideways direction. After the initial 1 hour candle, the market has trading in a 40-50 points range and eaten away option premiums. Tomorrow is the monthly expiry for the index and there are chances of a trending move as the markets has been trading in a range for last 3-4 trading sessions. Major resistance levels :- 23440, 23650 Support levels :- 23280, 23030 The market is giving sideways momentum, plan only 2-3 trades in option buying as the Theta will be on the other side and can give losses even if the market is stable. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
NIFTY Intraday Trade Setup For 26 Aug 2024NIFTY Intraday Trade Setup For 26 Aug 2024 Bullish-Above 24870 Invalid-Below 24820 T- 25058 Bearish-Below 24770 Invalid-Above 24820 T- 24570 NIFTY has closed on a slight bullish note with over 1% gain last week. Index looks ready for a fresh ATH. Last week we discussed when NIFTY was @ 24540 that index is likely to fill the two gaps created in daily TF in the higher side. On Friday a Pin bar candle has been formed so above 24870 we will breakout of last two sessions and as per plotted ABCD, 25058 will be on cards. Below 24770 index may turn bearish in hourly TF and effect will be seen in coming days. Coming to Monday's trade setup, if index opens flat and a 15 Min candle close below 24870 then we will long for the target of 25058. For selling we need a 15 Min candle close below 24770. T- 24580. 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 weekly analysis for 28/08/2024.Nifty is stuck in a range and has slowly recovered after a retest. Yet there were no opportunities for option buyers this week. If the market breaks out of the range, there are high chance of a fake out, as it has been rallying for last few days. Small quantities can be traded in a bullish trade. In case of break down, a good profit booking rally can be captured. Major levels :- 24870, 24960, 25050 The supports are nearby and market can reverse after testing the zones. Index seems strong and a double top formation can be seen this week. A bearish positonal trade can be created if there negative candlestick formation is there. Support levels :- 24740, 24600 Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by TheMamboMomentum
Banknifty weekly analysis for 26/08/2024.Banknifty trading in a range on the dialy charts and is around the resistance levels. A dynamic support around the 100 ema (daily) and 20 ema (weekly) is there. There are chances of BN recovering and test the high as nifty is only 200 points short of the ATH. In a bullish trade there is a huge gap to cover for banknifty. Major resistance levels :- 51130, 51540, 51800 Now the market has created support but the trendline resistance is still there. Once the market starts trading above the resistance line, a bullish trade with proper R:R can be initiated. Major support levels :- 50800, 50300 Watch out for the levels and the price action in the charts. Trade only the setup not emotions.
NSE:BANKNIFTY
by TheMamboMomentum