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Nifty50

Nifty intraday trading levels for 02/01/24.Nifty for consecutive 3 trading session has been closing in a range. In the closing hour the market has closed below the hourly 20 ema. RSI indicator is also showing some bearish divergence and there are chance of market trying to test the lower support levels. Intraday targets for bearish move :- 21585, 21530 If there is a flat opening and market starts trading below today's low these targets can be achieved. On the higher side, trades should be initiated above the resistance zone of 21820 with a proper Risk Reward ratio. Watch for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
NIFTY Intraday Trade Setup For 03 Jan 2023NIFTY Intraday Trade Setup For 03 Jan 2023 Bullish-Above 21700 Invalid-Below 21650 T- 21855 21980 Bearish-Below 21550 Invalid-Above 21600 T- 21435 21298 NIFTY has closed on a slight bearish note with 0.35% cut today. It will start to make a bearish price structure below 21550 in hourly TF. Below 21550 there can be good selling in the coming days. There has been sharp selling from 21830 till 21555 ,21700 is an intraday level to be watched for a bullish move as that's 50 % if the fall. This will take NIFTY towards ATH. Important intraday resistance is 21855. Major intraday support lies near 21275 or 21300 zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21700 then we will long for the target of 21855 and 21980. For selling we need a 15 Min candle close below 21550. T- 21415 and 21275. 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
BRITANNIA | Investment Pick📊 Details Britannia Industries is one of Indias leading food companies with a 100 year legacy and annual revenues in excess of Rs. 9000 Cr. Britannia is among the most trusted food brands, and manufactures Indias favorite brands like Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold which are household names in India. Britannias product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt. Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:BRITANNIALong
by Munish_Jain
NIFTY Intraday Trade Setup For 01 Jan 2023NIFTY Intraday Trade Setup For 01 Jan 2023 Bullish-Above 21810 Invalid-Below 21760 T- 21940 22070 Bearish-Below 21670 Invalid-Above 21710 T- 21570 21435 NIFTY has closed on a bullish note last week with 1.79% gain. Index is approaching 22k mark as discussed in the last week. Possibility of a major top seems near 22500 zone. However 22070-22100 can also trigger profit booking being a round level zone. No plan of sell till the bullish price structure is intact in daily TF. Since last 2 sessions it index has formed a range 21810 and 21670 are the level for range shift. We will plan directional trades on this range breakout. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 21810 then we will long for the target of 21940 and 22070. For selling we need a 15 Min candle close below 21670. T- 21570 and 21435. 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. Happy New Year In Advance
NSE:NIFTY
by Omahto
Nifty - Intraday levels & Prediction for 02nd Jan 2024Happy New Year 2024 to everyone.. New beginnings are just around the corner. Nifty Prediction for Tomorrow BEARISH Reversal from 2780-21800 Resistance zone, any breakout of this level we can expect BULLISH Rally. 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:NIFTYShort
by ViVenTraders
Q&A_ Why is Nifty50 still strong whereas SPX is in a bear grip?Namaste! Currently, Nifty is trading near very important levels. This was the important resistance (because of lot of consolidation happening between Jun-July 2021), which became a support after the breakout. It has been tested twice since the July breakout. S&P 500 fell into bear market yesterday as far as daily close is considered. But, I am not convinced 100% of this happening, because Dow Jones is still hasn't got into bear market yet. I will be convinced >90% if SPX closes below 3854.90 in weekly chart . Q: Why is Nifty still strong as compared to US markets. A: 1st reason is that, the fund houses, hedge funds, investors and FIIs may be moving money from weak US markets to comparably strong Indian markets. 2nd reason is that since it is a very strong support, market have to consolidate a little before moving below (15600 Nifty level). Q: Will we see bear market in Nifty soon? A: Well, if DJI slips into bear market too, then there is a very high probability that we will. Q: Should we wait for a bear market to start investing? A: NO. There are many stocks in Sensex and Nifty which became undervalued due to this bearish plunge. You should to find such stocks and get into it without waiting for more downfall. Disclaimer: I am not an expert or professional degree holder into the field of investing. The views and analysis I have shared is of my own, based on my understanding. Please do your own due diligence before any activity.
NSE:NIFTYLong
by UnknownUnicorn7637383
Q&A_ Is market waiting for a deep correction? My view.Definition: India VIX is a volatility index based on the NIFTY Index Option prices. From the best bid-ask prices of NIFTY Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days. Here you can see the weekly chart of India Vix. You must have noticed that whenever the Vix touches 10% levels, it bounces off. This has been happening since 2014. So, Vix generally means "expected market volatility (or say movement) over the next 30 calendar days". Nifty is wandering around 16000 levels and 15500 levels since June. It means buyers are not interested to buy. They must be booking the profits. So, if the market has to move up, then "Vix must fall below 10% levels". But "we have a very strong support at 10% levels". Of course it may go little below 10% levels (like it did on 19 Jun 2017 to 8.75%). But the point here is if the market has to move up, then Vix must fall. Hence I am expecting a deep correction. This is not supported on charts only, but as well as fundamentals aspects (like Nifty moving above 28 PE), share prices are really expensive, euphoria, new trading accounts opened and enjoying the bull market, etc. Exception: The strong bullishness in S&P 500 (or say US markets), can easily affect the Indian markets. If there is "euphoria" on US markets, it's everywhere. Hence Nifty can move even higher. Conclusion: I am not saying to just go short (or sell off your shares), if you're an trader, good. But if you are an investor, just think and analyze more. Of course there are stocks that are undervalued, you can invest a little there. But, the blue-chip stocks, I won't advice it for investing now. You get best prices when "there is fear, there is an uncertainty, there's a panic". Always saving your money for that time (for investing) is crucial. Disclaimer: The information and analysis I've provided is of my own, please do your thorough analysis and/or consult your financial advisor before investing. The investing in securities markets are subject to market risks. I am not a SEBI registered investment advisor. Thankyou for reading and I wish you a happy investing.
NSE:INDIAVIXShort
by UnknownUnicorn7637383
1
Q&A_ Is Nifty heading for a bear market?Namaste! I have been tracking DJI (Dow Jones Industrial Average) for quite a while. The bear market is defined as 20% correction in benchmark indices from the all time highs. SPX (S&P 500) has fell into bear market twice (2nd after retracement), it closed below 20% line on daily as well as weekly candles . But it did recovered from those levels until recently, it closed again, it is in a bear market now . However, Dow Jones hasn't closed below 20% levels at the above mentioned period. This time, it has closed below 20% level on daily candle. I will be 100% sure of a bear market if DJI closes below on Weekly candles. If DJI fall into a bear market, there is a very highest probability our Nifty 50 will to. It can take Nifty to 14600 levels. How to plan this bear market? 1. For people already invested: Don't sell your current holdings to buy at cheap. It will be a add more opportunity. You can consider either investing 50% of remaining investing amount now, 50% at Nifty 15100 or 14600 levels or whole remaining capital at 15100 levels. 2. For people waiting for investment: I would advice to invest 30% of the capital now and remaining 70% at Nifty 15100 or 14600 levels. These levels are drawn assuming Nifty will create the last swing low at 15100 level, and 14600 level is a psychological and a 20% level. Will all the stocks in Nifty 50 fall at the same speed? A: Nope. Overvalued blue-chip / large-cap stocks will fall more than those of (undervalued) fundamentally strong. Mid cap and small cap will fall at greater speed after taking above points into consideration. So if you hold small and mid-cap, get ready to stomach more downside. BUT DO NOT SELL. . Warren Buffett doesn't sell and other notable investors I know advice the same. Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. This article must be assumed as a opinion only not a trading/investing call. Please do your analysis and/or consult your financial advisor before investing.
TVC:DJI
by UnknownUnicorn7637383
IRCTC | Swing Trade📊 Details Incorporated in 1999, IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:IRCTCLong
by Munish_Jain
8
UNOMINDA | Swing Trade📊 DETAILS Sector: Auto Ancillaries - Head lamps & lights Mkt Cap: 38,537 cr Incorporated in 1985, Uno Minda Ltd is a manufacturer and supplier of Automotive Solutions and systems to Original Equipment Manufacturers TTM PE : 51.92 (Average PE) Sector PE : 82.89 Beta : 0.30 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 3.22% away from 52 week high Underperformer - UNO Minda down by -1.05% v/s NIFTY 50 up by 9.4% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:UNOMINDALong
by Munish_Jain
4
TRIL | Swing Trade📊 Details Transformers and Rectifiers (India) Ltd. is a manufacturer of Power, Furnace and Rectifier Transformers. Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
TLong
by Munish_Jain
2