Bank-Nifty Levels // 15 Min Support and ResistanceHello Everyone 👋
# On TradingView, the levels for Bank-Nifty include:
Classic:
R1 (Resistance 1): ₹51,081.97
R2 (Resistance 2): ₹51,230.48
R3 (Resistance 3): ₹51,343.12
Pivot Point: ₹50,969.33
S1 (Support 1): ₹50,820.82
S2 (Support 2): ₹50,708.18
S3 (Support 3): ₹50,559.67
Nifty50
CRUDEOIL Levels // 45 Min Support and ResistanceHello Everyone 👋
# On TradingView, the levels for Crude Oil include:
Support: 7180-7160, 7120, 7000 (Solid support, even in OI data)
Resistance: 7250-7275, 7300, 7400.
For MCX Crude Oil, the intraday analysis suggests:
Support: Calculated using commodityquant’s advance pivot point formula
Resistance: Valid only for today’s session on a 5-15 minute chart
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.
Caution Ahead: Nifty 50 Approaching ATH with Bullish Pennant Nifty 50 is forming a textbook bullish pennant, but caution is advised as this could be a potential trap. With the index nearing its all-time high, it's best to wait and trade cautiously. My overall outlook leans bearish, and if possible, staying on the sidelines might be the safest approach for now.
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.
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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.
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.
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.
Nifty500 Analysis: Current state of the market & what to expect.Nifty500 is mainly used for analysing the Market breadth.
We look at the various phases of the market: Bullish, Bearish & Sideways,
We can understand how the Momentum charts give an early warning / indicator for a particular phase in the market.
Presently, the market has given a signal that the current Bullish phase is going to get weaker, but we are not yet Bearish.
The Bullishness is going to continue, but in a stock specific manner only.
I'm expecting a sideways market with a slight upward slope.
Thanks for tuning in.
Nifty50 Analysis w.r.t. SPXThe video analyses the Nifty50 w.r.t. SPX over the last 15 years.
How do identify Bullish & Bearish phases in the market?
When is the right time to short market?
How to diversify across Global markets?
How the Indian market (Nifty50) looks like in the near future, in context to Global markets (U S market in particular)
This is my first video, so please cut me some slack!
NYKAA going to boom; Min 40 % ROI; Swing Traders, Take a lookHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
Follow for regular updates.✌️
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Wait for small retracement & daily candle to close above - "226"
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If you are interested in investment now, go for it with proper risk,
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Enter after market close above
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Refer over old posted idea attached below.
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NIFTY Intraday Trade Setup For 23 Aug 2024NIFTY Intraday Trade Setup For 23 Aug 2024
Bullish-Above 24880
Invalid-Below 24830
T- 25055
Bearish-Below 24780
Invalid-Above 24830
T- 24600
NIFTY has closed with slight gain of 0.17% gain today. It was another sideways day with less than 100 points range. Intraday momentum and trend is directionless although it is inching higher on closing basis. In the weekend we discussed possibility of both gap filling in daily TF. Since start of this week index is being pulled to those levels. VIX has to shoot up in order to get a directional trading opportunities in intraday.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24880 then we will long for the target of 25055.
For selling we need a 15 Min candle close below 24780. T- 24600.
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.
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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.
NIFTY50 IMPORTANT LEVELS FOR TOMORROW, 22TH AUGUST NSE:NIFTY ANALYSIS FOR TOMORROW 🔺
❇️ IMPORTANT LEVELS 🚀
❇️ Support: 25730-24680-24645-24600-24550.
❇️ Resistance : 24750-24800-24875-24920
❇️ Raising wedge pattern at 15-30mint time frame. (Bearish pattern)
👉🏻 PURPLE LINE : 24730 is a key level, above buying, Below selling.
👉🏻 @thetradeforecast 🇮🇳
Banknifty weekly expiry analysis for 21/08/2024.Banknfity has given a nice move on the upper side clearing the resistance zone of 50800 but reversed after testing the round levels of 51k.
The markets were looking bullish from the morning and even in the second half. The last hour selling has created a confusion about the market movement for tomorrow.
It has been respecting the resistance trendline and retested 38.2% fib levels.
Shorting opportunity in the market will trigger once the makret starts trading below 50550 levels.
If today's high is taken out by the market, a gap filling trade can be a possibility while testing the higher levels.
Major support levels :- 50550, 50250
Resistance levels :- 51000, 51260
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 20 Aug 2024NIFTY Intraday Trade Setup For 20 Aug 2024
Bullish-Above 24650
Invalid-Below 24600
T- 24850
Bearish-Below 24510
Invalid-Above 24560
T- 24300
NIFTY has closed almost on a flat note with minor gain of 0.13% today. It opened with a small gap up of 100 points and then it turned sideways for the whole day. Index traded inside 100 points range so today's range will be important to watch out tomorrow on breakout. 24650 and 24510 are levels to watch out tomorrow. Be neutral inside this range and follow non-directional approach.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 24650 then we will long for the target of 24850.
For selling we need a 15 Min candle close below 24510. T- 24300.
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.
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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.
Banknifty analysis for 20/08/24.A flag and pole pattern formation is there on the charts. While market is trading around the resistance zone of the range.
If there is a break out of the Flag, wait for the market to clear the resistance levels.
A scalp can be made for small targets but intraday position should be initiated only once the upper levels are cleared.
Moving average gate is being formed acting as a support for the market.
Levels are marked on the charts. Trade only the markets not the emotions.
Wait for the price action near the levels before entering the markets .