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Nifty50

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
NIFTY Intraday Trade Setup For 30 May 2024NIFTY Intraday Trade Setup For 30 May 2024 Bullish-Above 22810 Invalid-Below 22760 T- 23000 Bearish-Below 22680 Invalid-Above 22730 T- 22480 NIFTY has closed on a bearish note with 0.8% cut today. It was a low volatility day as overall range it traded was 22800 and 22700. It opened with a decent gap down of 125 points and in this case 10 o'clock range was to be used. Range broke downside below 22760 and gave 50 points move which was 1:1. Tomorrow if there is another gap down then I will watch for the 1st 5 Min candle's breakout either side. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22810 then we will long for the target of 23000. For selling we need a 15 Min candle close below 22680. T- 22485. 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