Nifty weekly expiry analysis for 04/07/2024.Nifty on the daily time frame has formed a doji after a good gap up opening.
Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities.
Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached.
In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone.
Major Resistance :- 24300-310
Support levels :- 24240, 24180
Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements.
The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction.
Wait for the price action near the levels before entering the market.
Nifty50
NIFTY Intraday Trade Setup For 4 Jul 2024NIFTY Intraday Trade Setup For 4 Jul 2024
Bullish-Above 24310
Invalid-Below 24260
T- 24450
Bearish-Below 24200
Invalid-Above 24250
T- 23975
NIFTY has closed on a bullish note with 0.67% gain today. Whole gain is however contributed through gap up and Large cap banks move. Index will be bullish till it closes above PDL and when it will close below PDL then bullish sentiment will be changed to bearish. However confirmation will be a bearish price action in daily TF. Tomorrow's best trade will be on today's range breakout.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24310 then we will long for the target of 24450.
For selling we need a 15 Min candle closes below 24200. T- 23975.
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.
NIFTY50Currently Nifty50 is moving in an ascending channel however the angle of its ascent is a little more for to be comfortable with.
One of these resistances should be the ideal spot for it to take a breather according to me.
-We are so far only talking about a normal healthy retracement.
- Correction / Crash was never and can never be precisely predicted. When the final support of the retracement fails, that is when panic kicks in to drive the correction/crash. So be watchful because a stitch in time saves nine.
GM infra; Take a look; min 40% Roi; shortterm investment;Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for Breakout & small retracement & then daily candle to close above - "105"
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Enter only if market Breaks
"Yellow box" mentioned.
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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-✌️
.
Follow for regular updates.👍
#NIFTY Intraday Support and Resistance Levels -03/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24150 level and then possible upside rally up to 24270 level in today's session. in case nifty trades below 24100 level then the downside target can go up to the 23980 level.
Nifty50 (1st July) 1/124087 below closing could 📉 📉 to 24058--24016
23884 support is also pending to test maybe not today, but in coming days
Any closing above 24134 then bullish 📈 📈 ( chances are low )
If sustains above then will update upside levels
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
Reliance right opportunity for Swing Trade.Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
.
.
Wait for small retracement & daily candle to close above - "3050"
.
.
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🧑💻
Valuable comments are welcomed-✌️
.
Follow for regular updates.👍
NIFTY Intraday Trade Setup For 2 Jul 2024NIFTY Intraday Trade Setup For 2 Jul 2024
Bullish-Above 24180
Invalid-Below 24130
T- 24410
Bearish-Below 23980
Invalid-Above 24030
T- 23800
NIFTY has closed on a bullish note with 0.55% gain today. However it was an contraction day as it formed an inside candle in daily TF. It seems like index is going to follow phase of sideways after a parabolic move. In case it does a pullback breakout of 24180 then we will long for the plotted 2.0 PRZ. Bears may take charge below 23980 if sustained. Also in the weekend I said that we will maintain bullish stance till it closes above PDL.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410.
For selling we need a 15 Min candle close below 23980. T- 23800.
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 Intraday Trade Setup For 1 Jul 2024NIFTY Intraday Trade Setup For 1 Jul 2024
Bullish-Above 24180
Invalid-Below 24130
T- 24410
Bearish-Below 23980
Invalid-Above 24030
T- 23800
NIFTY has closed on a bullish note last week with over 2% gain. It was completely on bulls grip from the start of last week, except Friday. We will maintain bullish view till it closes above PDL. Sentiment will change when it closes below PDL and then is confirmed by bearish price action. In case of a pullback move, it can test 23640 which is 61% retracement of the upmove, less probable.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410.
For selling we need a 15 Min candle close below 23980. T- 23800
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 weekly analysis for 24/06/24.Banknifty on the weekly charts has given a good bullish candle and created a new life time high. It is holding the higher levels and on the monthly candle it has already given a 5% move.
Nifty is taking a halt while banknifty is trading on the higher levels.
The index has been trading around the same levels for the last 2 trading sessions. In case of a break down, it can test the lower levels around 50k.
While the market has travelled to higher levels, there must be a retracement before another bullish leg.
Support levels :- 51200, 50730, 50200
Resistance levels :- 51860, 51930-50
Bullish trades are risky as the market is trading in an uncharts zone and can reverse from any level (even the ATH is around 52k level).
Wait for the price action near the levels before entering the market.
Head and shoulder in Reliance Industries.Major support levels :- 2575, 2550, 2531
Resistance:- 2600, 2620
If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated.
Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern on the hourly candle close.
Wait for the price action near the levels before trading.
NIFTY 50 ANALYSIS & LEVELS FOR NEXT WEEKNIFTY is showing signs of exhaustion and potential reversal.
(Note: Ghost feed candles are for illustration only).
NIFTY may consolidate around the Pivot level as marked next week.
Breakout above the Previous ATH may fail once or twice before the trend reverses or continues for another week or two.
Please do NOT try to pick the Top yet.
Nifty50 ( 28th June) 1/2There's a GAP pending below at 24050 to fill, if sustains above then bullish to above level 📈
If closing under 24050 in any hourly candle then bearish 📉 📉 to 23989 --- 23884
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
NIFTY Intraday Trade Setup For 28 Jun 2024NIFTY Intraday Trade Setup For 28 Jun 2024
Bullish-Above 24100
Invalid-Below 24050
T- 24295
Bearish-Below 23900
Invalid-Above 23950
T- 23715
NIFTY has closed on a bold bullish note @ 24044 which is level to celebrate for bulls. Since it has closed above 24k chances of a gap up is very high, in that case 24200 can be resistance. Best intraday trade can be done on bullish side in case of pullback breakout of 24100 as happened today. If this is triggered then we will sit with trailing sl in 5 Min TF, 24295 and 24500 zone as final targets.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 24100 then we will long for the target of 24295 and 24500.
For selling we need a 15 Min candle close below 23900. T- 23715.
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 (27th june) 1/3If closing sustains below 23972 in hourly candle then 📉 📉 could test below price levels ( Long unwinding)
If any daily candle closing sustains above that red line or 24045 then bullish 📈 ( will update above levels if it happens)
23972 --- 24045. (NO TRADE ZONE )
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty50 (26th june) 1/2White trend line is imp.
If closing above 23789 in hourly 🕯 then 📈 📈 could test above resistance 23980 -- 24044
If any hourly candle closes below 23789 then 📉 📉 could test support on the Dash line or 23664
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
#NIFTY Intraday Support and Resistance Levels -26/06/2024Nifty will be FLAT opening in today's session. After opening nifty start trading Above 23760 level and then possible upside rally up to 23880 in today's session. in case nifty trades below 23700 level then the downside target can go up to the 23580 level.
NIFTY Intraday Trade Setup For 26 Jun 2024NIFTY Intraday Trade Setup For 26 Jun 2024
Bullish-Above 23760
Invalid-Below 23710
T- 23918
Bearish-Below 23630
Invalid-Above 23680
T- 23460
NIFTY has closed on a bullish not with 0.78% gain today. It opened with a small gap up of 39 points above our buy level. Then 10 o'clock range broke upside above 23620 and gave a fantastic move till 23750. Tomorrow 23630 is going to be crucial level as it can act as a support zone but incase support is not taken and it sustains below this level then a good short side move can be seen tomorrow. For bullish move best will be pullback breakout of 23760.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23760 then we will long for the target of 23920.
For selling we need a 15 Min candle close below 23630. T- 23460.
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.
NIFTY Back in the Ascending ChannelNIFTY is back within it's short term ascending channel showing strong Bullish Trend continuation which may take it towards 23900.
However the momentum was primarily in HDFC and ICICI today, with other index heavyweights muted. There is selling pressure in IT and it may negate the View if it drags NIFTY below the marked trendline support.
Take a look | min 20% return | swingFundamentally good stock,
For long term investment.
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Entry: 535
target: 555 -585- 651
sl: 506
major stoploss / support: 485
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Enter only after breaking & close above " Yellow box" mentioned.
Or else wait for some time.
'
;good for long term investment.
'
'
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
#NIFTY Intraday Support and Resistance Levels -25/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23570 level and then possible upside rally up to 23690 level in today's session. in case nifty trades below 23530 level then the downside target can go up to the 23420 level.