Black Friday saleUp to 70% OFF

Nifty50

NIFTY Intraday Trade Setup For 14 Jun 2024NIFTY Intraday Trade Setup For 14 Jun 2024 Bullish-Above 23500 Invalid-Below 23450 T- 23665 Bearish-Below 23350 Invalid-Above 23400 T- 23075 NIFTY has closed with a gain of 0.33% gain today. It was another sideways market, being 4th consecutive day. It is currently sideways in the plotted channel. Breakout of this is needed for a good momentum either side. We have a holiday on Monday so there can volatile moves due to multiple expiries on the same day. 23500 and 23350 will be range to look for breakout or else it will sideways again. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 23500 then we will long for the target of 23665. For selling we need a 15 Min candle close below 23350. T- 23210 & 23075. 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 13 Jun 2024NIFTY Intraday Trade Setup For 13 Jun 2024 Bullish-Above 23450 Invalid-Below 23400 T- 23645 23850 Bearish-Below 23200 Invalid-Above 23250 T- 22880 NIFTY has closed with 0.25% gain today. It was another overall sideways day as where it opened via gap up, settle at the same place EOD. This week is all about premium adjustment to their values. Tomorrow in case 23450 is taken out in the upside then chances of a trendy move is high, most probably towards 23850. In case 23200 is sustained in the downside, we will see move towards 22900 zone. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23450 then we will long for the target of 23645 and 23850. For selling we need a 15 Min candle close below 23200. T- 22880. 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
Nifty50 Support And Resistance 13-June-24Nifty50 Support And Resistance 13-June-24 Please find below simple resistance and support: This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
Nifty weekly expiry analysis for 13/06/2024.Nifty for the last 3 trading session has been forming doji candle around the higher levels. The market is holding the upper levels but is not moving much above the previous day high. Single hourly candle is giving a move and after that there are many halt candles. Sentiments are looking negative as the RSI is showing a bearish divergence and market is unable to hold the higher levels. Major support levels :- 23235, 23160 Nifty is still trading above the moving averages. Moving averages strategy may trigger and can give the targets. If nifty starts trading below the first support zone, a bearish entry can be made with the target of next support zone. In case of a gap up opening, today's high will act as the resistance and in case is starts trading above the high, bullish trade with 50-60 points as SL can be carried in less quantity. There are chance of a retracement in the market. If there is a gap down opening below the support zone, wait for the market to get rejection from the zone and trade accordingly. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY50 - Super Duper Breakout or Retracement ?Looking at the Daily chart we saw a good recovery last week followed by some indecision this week so far. Prima facie , we see exhaustion at a strong resistance zone with 2 doji's - the second doji made a lower low and lower high. Even the 15 min chart got weak towards end of day. However, going deeper, the microscopic lenses draw attention to the volume which speaks a different language on the lower time frame. The doji's formed are still above a long trendline which can act as a good support. Contrary to public bearish opinion, one could also expect a huge massive breakout candle in the next 2-3 sessions breaking the strong resistance zone with enhanced force and vigor. However, if the retracement plays itself there are some strong supports (marked as a retracement zone) but at the same time we can't ignore a double top formation at strong resistance. An M pattern could also be equally powerful on the downside. Anyways, doji's are meant to keep us guessing. Time will tell what happens but I'm biased towards a powerful bullish breakout and will trail my SL in stocks to let them handle this confusion for me.
NSE:NIFTYLong
by CannySunny
NIFTY Intraday Trade Setup For 12 Jun 2024NIFTY Intraday Trade Setup For 12 Jun 2024 Bullish-Above 23420 Invalid-Below 23370 T- 23630 Bearish-Below 23200 Invalid-Above 23250 T- 22880 NIFTY has closed on an absolute flat note today, like yesterday. Overall range is 23420 and 23200 since last 2 sessions. This sideways market is very common and natural after an major event, process of IV cool off. Below 23200 we are likely to test 22880 zone, calculated with the confluence of half bat. Above 23420 there can a good upside move. Between this 220 points range maintain non- directional approach. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23420 then we will long for the target of 23630. For selling we need a 15 Min candle close below 23200. T- 22880. 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 11 Jun 2024NIFTY Intraday Trade Setup For 11 Jun 2024 Bullish-Above 23420 Invalid-Below 23370 T- 23630 Bearish-Below 23220 Invalid-Above 23270 T- 22880 NIFTY has closed on a slight bearish note with 0.13% cut today. It was a range bound session of less than 200 points range. Since it has shown some bearish sign from where the steep fall was triggered. Below 23220 we may test the plotted half bat PRZ near 22880-22900 zone. 22880 will act as an important intraday support. In case 23420 is triggered in the upside then chance of a fresh run in the coming days. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23420 then we will long for the target of 23630. For selling we need a 15 Min candle close below 23220. T- 22880. 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
Nifty50 Support And Resistance 10-Jun-24 Please find below simple resistance and support: This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
NIFTY 50 - A Magician's Bluff ???Well Well Well ! What do we have here? A fantastic day at the markets where people are rejoicing their portfolio's in green especially if they were holding Railway and Defence stocks in particular. Anyways, today is Thursday and tomorrow's closing according to me would be key to understanding this illusion (if any). I am skeptical because there is a strong resistance zone as marked and in 9 sessions we have already moved up 5% and the steam left should ideally be less. So I'm getting a hunch of a magician's bluff being laid out to the retail investors by the big hands. What is a Magician's bluff ? There are 3 components. 1. Sleight of hand - refers to the skillful manipulation of objects, typically using the hands, to create illusions and deceive the audience. 2. Misdirection - is the art of diverting the audience's attention away from the secret actions or methods employed by the magician. 3. Presentation. - the ability to effectively communicate and connect with the audience. Firstly, I have never seen politicians coming out in the open disclosing direction to the markets. Who needs this information? Big hands or retailers? Don't the big hands already have some of the information they require? This to me is 1. Sleight of hand One of the very common strategies put out on social media is a range breakout. This Nifty50 chart also looks like a range breakout and it could be as well. However, what is bothering me is whether this move today is to make retail investors believe that the info given to them actually is taking place? I am skeptical and this alerts me w.r.t 2. Misdirection for now. Talking about 3. Presentation. if tomorrow 24.4.24 we more or less move sideways and close below 22850, there is a possibility of a good correction in the markets close to the results where retailers may get trapped by the big hands who would be thirsty to deploy their funds lower down. We could be correcting to 21000-21500 odd levels at least. (Wolfe Wave coming into effect) However, If I'm wrong and this is genuinely a good breakout then we could be seeing a small retracement (sideways move) and then head to over 24000.
NSE:NIFTY
by CannySunny
2
Nifty50 Support And Resistance 7-Jun-24 Please find below simple resistance and support: This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma