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Nifty50

19 Apr 2024– Nifty Unseen 402pts momentum, not bullish thoughNifty Analysis - Stance Bearish⬇️ Recap from yesterday: On the higher TF, we wish to maintain the bearish stance even though we did not get a 63mts closing candle below 22051. I am hoping that we may get one in the forenoon session tomorrow. Unseen momentum on Nifty50 today, we woke up to the bad news that Israel has launched counter strike on Iran, and Gifty (Global Nifty futures) were trading 400 points lower. The news and Twitter feed were not looking good and immediately I felt it was wise not to run my non-directional algo. That proved to be the right decision as my backtests showed losses of 97000 if I had run the Algo. Nifty opened below the support of 21913, hit an intraday low of 21777, and then started recovering. Between 11.27 to 12.11, N50 spent its time near the 21913 SR zone. Once it broke the resistance, it immediately went to the next SR of 22051. Between 12.51 to 13.47, N50 spent its time at 22051 before breaking out. N50 went ahead and hit an intraday high of 22179 before cooling off to close at 22149. When was the last time you saw N50 rally 402pts that too from poor global macros? I strongly think it was an intense short covering that fueled this rally and hence does not wish to alter my bearish stance. If we get past 22295 on Monday or Tuesday, I would change the stance to neutral.
NSE:NIFTYShort
by viswaram
Shree Cement looking slight bearish on weekly charts.Shree cement has been in a bearish move and a retest to 38.2% fib levels is also there on the weekly charts. The stock is trading around 25500 levels and the price action formation is looking bearish. Bearish engulfing candle and rejection from 20 ema adds on to the confluence. Though the markets are trading at ATH and chances are there of a profit booking. If the stock start trading below the support zone around 24400 levels, a shorting opportunity may be captured in the stock. The stock is trading near a high volume area. It is showing some selling happening around 26000 level. Entry can be made once the price start trading below 25400 with proper SL. Another entry for new trades can be made below the support zone. Targets are marked and can be achieved in 1-2 weeks after the entry triggers. Wait for the price action near the levels before entering the trade.
NSE:SHREECEM
by TheMamboMomentum
Axis bank looking bearish on higher time frame. Axis bank has been trading around the higher level and is forming a base near 1030 zone. Both side movement can be there in the stock and confirmation is need for the entry to trigger. But the stock on the weekly chart is showing some bearish RSI divergence and the dropping strength can be the initial signal of a bearish move. On the daily charts, it is around the 200 ema. Either it will breach the levels or take support from the same. Watch for the levels and price action. If the stock starts trading below the 1028 level and even close below it, next month expiry derivatives can be traded for the bearish momentum in the stock. Major bearish target levels :- 980, 950. Entry :- Close below 1028 levels. Positional/ swing trade can be initiated in the stock for the next month expiry and trailing SL must be kept to limit the lose and capture the move. Wait for the price action near the level before entering the trade.
NSE:AXISBANK
by TheMamboMomentum
Nifty is on the way to fill the gap?The Nifty is making new highs on the weekly chart, but it seems momentum is being lost, since the RSI is not moving in the price direction. A Bearish divergence is visible on the charts. Further, there is a 220-point gap between 20510 and 20290. This region also coincides with 50 EMA. If Nifty breaks from its current support region of 21850–21530, it is likely to fall further to 20290 levels. Let me know what you guys think about this. If this is helpful, please like this post. For more such updates, follow me. Cheers!! #Nifty50 #Nifty
NSE:NIFTYShort
by jayaprakash99
Nifty50 has reversed from channel topNifty50 has reversed from channel top and broken short-term trend-line (shown in blue), also closed below the double top breakout @22525 its lower range is 22500 any close below this will move to 22400 channel mid-line and the channel bottom is 22000. Short term negative, the close on monday will decide the next move. Disclosure: i hold various stocks that at part of the nifty, no position in the index future or options. This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor. This is purely a technical chart observation, please check the fundamentals before investing.
NSE:NIFTY
by Mukadam
NIFTY Intraday Trade Setup For 19 Apr 2024NIFTY Intraday Trade Setup For 19 Apr 2024 Sell_1- From 22250 Invalid-Above 22300 T- 22080 Sell_2- Below 21950 Invalid-Above 22000 T- 21750 21585 NIFTY has closed on a bearish note with 0.69% cut today. Last weekend analysis is going well as we discussed that index will be under bear's grip below 22500 as per the effective 2nd leg shooting star candle in weekly TF. It was said @21520 that there is a high possibility of NIFTY making a short term top. Since then it has been sell on rise market and same approach should be kept till index makes a bullish reversal structure in daily TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 21950 then we will long for the target of 21750 and 21585. In case of gap up we will short from 22250. T- 22080. 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 expiry analysis and levels for intraday 17/04/24.Nifty in the last 2-3 sessions has lost 400 points which shows some bearish basis market but it will retrace before another fall. In case of a gap up opening, there will be a sideways expiry for nifty. Otherwise, after a gap down, there will be a recovery or profit booking in positional/swing trades. It trading below the 20 ema (daily) and may come to retest the moving average or previous support levels. Major support levels :- 22095, 22000 Resistance levels :- 22210, 22270, 22430 Negative price action formation around the resistance/support level can be traded in intraday with strict SL. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty - Intraday levels & Prediction for - 18 Apr 2024Nifty Prediction for Thursday Expiry: Trend : BULLISH Sentiment : Positive Expectation : Strong BULLISH Nifty is sustaining at strong support level, if this holds good and in case Thursday opens gap up, it is a sign of strong uptrend. Plan for positional entries as well and you can find the intraday levels too marked on the chart. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:NIFTYLong
by ViVenTraders
NIFTY Intraday Trade Setup For 16 Apr 2024NIFTY Intraday Trade Setup For 16 Apr 2024 Bullish-Above 22430 Invalid-Below 22380 T- 22660 Bearish-Below 22250 Invalid- Above 22300 T- 22050 NIFTY has closed on a complete bearish note with 1.1% cut today. In the weekend we discussed that index has formed a short term top as it formed a 2nd leg shooting star in weekly TF. Only thing is that it opened directly below sell level- 22500 so fresh positions could not be opened as per the discussed entry and RR. So one need to wait incase it retest 22600 to 22550 zone for the swing short entry. Tomorrow best trade will be in short side on a flat opening. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22430 then we will long for the target of 22660. For selling we need a 15 Min candle close below 22250. T- 22050 and 21825. 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 levels & Prediction for - 16 Apr 2024Nifty Prediction for Tomorrow : Trend : BULLISH Sentiment : Positive Expectation : Strong BEARISH Nifty and Banknifty both at strong Support level for BULLISH rally for new High in the upcoming days.. Sharp selling today is a correction, Expecting uptrend from tomorrow. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:NIFTYLong
by ViVenTraders
FinNifty weekly expiry analysis for 16/04/24.Finnifty weekly expiry levels Major support levels :- 21130, 21000 Resistance :- 21330, 21500 The market is looking bearish and chance of a gap down opening is there as the closing is around the day's low. On the hourly charts, the market is trading between both the moving averages. A support around 200 ema can be seen. In case of a flat to slight gap down opening, a consolidation in a range and break down in the second half can give a nice trending move this expiry. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
Banknifty weekly expiry analysis for 16/04/24.The market has reacted to the war situation and has given a fall of around 800 points. Banknifty has taken support from the 20 ema on the daily charts and the support zone around 47740 level. Even on the hourly charts, the market is trading between both the moving averages and chances of taking support around 200 ema is there. Tomorrow is weekly expiry and there is chance of a trending expiry move in the market as last few expiry were side ways. Major support level :- 47750, 47400. The market is looking bearish and the closing is below 38.2% fib levels. 50% fib level can be tested and a support around the level can be seen. If there is a gap down opening, a recovery can be seen as many will be booking profits. Flat opening and a break down in the second half can keep the market trending. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
NIFTY50 - WEEKLY ANALYSIS - 15th April #indicesNIFTY50 (1W TF) UPDATE - 15th April, 2024 Pattern: ASCENDING CHANNEL - Reversal at the top of the Weekly Channel Resistance - Done ✓ - Might expect more of a fall in the Indian markets, mainly due to the US markets sell-off on Friday - Geo-political tensions due to the Israel-Iran conflict might also have some repercussions - Volatility is going to be high - Support Levels have been marked out Going forward with any Swing Trades: - DO NOT jump into falling knives - Watch higher time frames for more accurate entries - Anyone going short on any stock, please hedge your positions - There is and will be a lot of volatility over the next 45-60 days. Until then, we need to be doing the following: ✓ Keep SL's in play for existing positions or trail your SL ✓ Ensure your position sizing is as per your rules ✓ Keep risk management in play at all times And most importantly, if the market is giving you decent returns in any trade: ✓ Then book your profits and ✓ Hold your capital Always remember: - We can live to Fight another day; but ONLY if we are in a POSITION to do so So Capital Preservation is Key !! . . . Become Emotionless & Trade Ryte #nifty50
NSE:NIFTYLong
by TradeRyteStockz
2
Nifty analysis for 22nd March 2024looks like Nifty is trying to break the trendline above it. if nifty breaks the trendline, it may be a bullish movement. if it crosses below the 21900 level(support marked on the chart), a bearish movement is possible. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:NIFTY
by sudeeptalayek
NIFTY50 : RISING WEDGE BREAKDOWNNSE:NIFTY ◉Technical View ▲The up-trend started to lose its strength a few days back and formed a rising wedge price action. ▲The Rising wedge broke down from the trendline + Neckline and gave a good closing also with RSI confirming the Bearish Structure. ▲2nd confirming structure is double top, I always say location is important more than the structure and this double-top has formed at the weekly trend channel resistance line, a potential supply zone ▲The Major levels of support have been marked on the chart, kindly analyse and mark them on the chart. ◉Fundamental Event. Yesterday Conflict escalated between IRAN & ISRIAL so Majority of global markets took hit and closed in Red. ◉This Can possibly Trigger GAP down-opening then look for Retest to short. ◉Keep Risk under control by using Protective Stops. Keep Learning, Happy Trading.
NSE:NIFTY
by SANJAYPATIDAR_
NIFTY Intraday Trade Setup For 15 Apr 2024NIFTY Intraday Trade Setup For 15 Apr 2024 Sell_1- From 22660 Invalid-Above 22710 T- 22500 Bearish-Below 22500 Invalid-Above 22550 T- 22300 NIFTY has closed with a bearish sentiment last week. It has formed a shooting star candle in weekly TF that too in the 2nd leg which I personally consider. There is a strong possibility of NIFTY topping out atleast for short term if it trades firmly below 22500 with ATH as risk. If there is gap up opening then we will plan a short trade from 22660 or else flat opening short below 22500 will be ideal trade. Coming to Monday's trade setup, if index opens flat and a 15 Min candle below 22500 then we will short for the target of 22300 and then trail in 5 Min TF. On case of a gap up we will short from 22660. T- 22500. 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