Nifty 50 ( 19th April )Any hourly closing above 21911 then upward momentum 📈 to price level marked on the chart
Closing below 21804 📉 📉 in any 1hr 🕯 then more corrections is possible
21804 --- 21910 ( No trade zone ) sideways
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nifty50analysis
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
Nifty 50 Price ActionA trend line support broken yesterday most probably price will retest, act as resistance and go down. 50 EMA is also on this level make it as strong resistance.
if broken market will go till 22300.
be careful, be watchful and enjoy the trading.
I am not SEBI Registered Advisors. This Idea is purely for training and educational purposes. I shall not be responsible for your profit or loss. All trading strategies should be used at your own risk.
Nifty50 Support And Resistance 5-Mar-24Please find below simple resistance and support:
Resistance: 22440
If crossed up then will see upward move as follows:
T1: 22581
T2: 22669
Support: 22350
If crossed down then will see downward move as follows:
T1: 22229
T2: 22142
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
Nifty50 Support And Resistance 28-Feb-24Please find below simple resistance and support:
Resistance: 22219
If crossed up then will see upward move as follows:
T1: 22266
T2: 22301
Support: 22134
If crossed down then will see downward move as follows:
T1: 22129
T2: 22094
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
Nifty50 Support And Resistance 27-Feb-24Please find below simple resistance and support:
Resistance: 22166
If crossed up then will see upward move as follows:
T1: 22178
T2: 22207
Support: 22084
If crossed down then will see downward move as follows:
T1: 22065
T2: 22037
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
Nifty50 Support And Resistance 23-Feb-24Please find below simple resistance and support:
Resistance: 22266
If crossed up then will see upward move as follows:
T1: 22347
T2: 22412
Support: 22133
If crossed down then will see downward move as follows:
T1: 22087
T2: 22022
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
NIFTY50 - Levels Marked Out - 22nd February #indicesNIFTY50 Update - 22nd Feb, 2024
- Lots of Volatility
- Levels marked out to get an understanding of the movement
- Keeping the Risk Management in Play till a clear indication of reversal forms out
- Don't overthink the trades, but instead flow with the trend of the market
#nifty50 #indices
Nifty50 Support And Resistance 15-Feb-24Please find below simple resistance and support:
Resistance: 21916
If crossed up then will see upward move as follows:
T1: 21970
T2: 22035
Support: 21784
If crossed down then will see downward move as follows:
T1: 21709
T2: 21664
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
Nifty50 Support And Resistance 13-Feb-24Nifty50 Support And Resistance 13-Feb-24
Please find below simple resistance and support:
Resistance: 21717
If crossed up then will see upward move as follows:
T1: 21744
T2: 21808
Support: 21582
If crossed down then will see downward move as follows:
T1: 21487
T2: 21423
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
Nifty moving in a channel on hourly chartNifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside.
On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but chances are shrink for the up move.
1. Strong gap up and struggle at levels 22125 or small gap up and struggle in the range 21960-21900 will be opportunity to short.
2. flat open and weakness then below 21800 can be short opportunity
3. Gap down and pull back to the range 21800-21840 will be another short opportunity
4. Big gap down and pull back to 21740 will be another short opportunity
check price action, weakness must be observed before going short or short with strict stop loss so that if it does not see resistance at the said level then short from next higher level
Nifty50 Support And Resistance 12-Feb-24Please find below simple resistance and support:
Resistance: 21818
If crossed up then will see upward move as follows:
T1: 21849
T2: 21915
Support: 21685
If crossed down then will see downward move as follows:
T1: 21586
T2: 21520
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
Nifty50 Support And Resistance 9-Feb-24Nifty50 Support And Resistance 9-Feb-24
Please find below simple resistance and support:
Resistance: 21764
If crossed up then will see upward move as follows:
T1: 21849
T2: 21915
Support: 21685
If crossed down then will see downward move as follows:
T1: 21586
T2: 21520
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
Nifty50 Support And Resistance 6-Feb-24Please find below simple resistance and support:
Resistance: 21818
If crossed up then will see upward move as follows:
Target 1 : 21987
Target 2 : 22054
Support: 21725
If crossed down then will see downward move as follows:
T1: 21719
T2: 21652
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
Nifty50 Support And Resistance 5-Feb-24Nifty50 Support And Resistance 5-Feb-24
Please find below simple resistance and support:
Resistance: 21915
If crossed up then will see upward move as follows:
T1: 21987
T2: 22054
Support: 21783
If crossed down then will see downward move as follows:
T1: 21719
T2: 21652
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
Nifty in Downtrend?We could see that Nifty was unable to close on a positive note today showing chances of a reversal in trend. The channel is being continued even in Gift Nifty as well. Although, the market is waiting for Bullish Budget day announcements, the charts show a negative move. The FII's are also putting Bearish pressure by net Selling their Holdings once Nifty reaches the channel resistance level. Could this be a possible Downtrend or just a retracement for the possible upmove?. I think it's better to wait for fresh buying in Equity, until Budget day is over as the volatility has risen as depicted by India VIX.
Share your views as well.
This analysis is purely for educational purposes. Do your own analysis before taking any trade decisions.
09 Jan ’24 — For a moment we thought the bearish had vanishedNifty Analysis - Stance Bearish ⬇️
Recap from yesterday: “The breach of the upper trend line of the ascending channel is quite visible in the higher time frame. Ideally, it is not a pure bearish signal as we are technically still in the bull market. We are changing the stance to bearish from neutral for the ultra-short-term only. If Nifty50 manages to crawl back up the top line — we will have to reverse the stance to neutral.”
4mts chart link
Why did we really gap-up 144pts today? Was it because of the US markets which closed in strong green yesterday? Seriously we do not see any other reason and what it did was to scare the bears. The bears who had shorted 21500, 21600, and 21700 CE were on their toes today, shocked by the gap-up followed by a rising price action till 12.35.
The real deal was to watch the top line of the channel - N50 did not have enough power to surpass it and the longer it stood there, it was easier for the bears to regain control. We then fell a whopping 205pts ~ 0.95%. Even though we did not close in the RED, the price action in the afternoon rhymed with yesterday's bearish call.
63mts chart link
Interesting price action formed at the current levels. Seems like where we are right now is a crucial support/resistance zone that could decide the next trend. Our call of bearishness will continue until N50 can break through the channel top line.
Nifty Intraday Prediction Levels for 14 Dec 2023The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or breakdown.
If you are a new trader then just watch (No Trade) these levels for some days.
Happy Trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
Nifty Intraday Prediction Levels for 6 Dec 2023Nifty Intraday Prediction Levels for 6 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or breakdown.
If you are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
nifty 50 double top is here hey folks my update after long time
i was busy in my studies so
here is the new update in nifty 50 we are forming a M or inverted W pattern here you can learn more about this in google
also beware from any long positions as weekly candle ended in red bearish pin bar candle at the top and macd is diverging as well
#NIFTY50 LONG TRADE IDEA SETUPGreetings Folks,
today I have prepared a setup of NSE
the analysis is as follows-
- the price is consolidating in a minor range
- breakout trade is very optimal for such scenario
- if breakout with good volume, can enter without retest, but safer entry will always be waiting for a retest
- there is chance that the trade can go south, so dont get your adrenaline in control
don't play with fire, always use a predefined stoploss
30th Oct ’23 - Nifty50 Shows Strength, but bullish only >19310Nifty Analysis
Recap from yesterday: “A simple Fibonacci level places the 23.6% retracement level at 19083 and 38.2% at 19227. Ideally, the bearish trend could still be intact until 19227 but the problem is that we cannot predict with certainty if that would come in this weekly series or not. For Monday, I wish to go with a neutral stance and choose the direction based on how markets move in the forenoon session.”
We opened inline and then started falling rapidly. We hit the intraday low of 18940 at 09.40 and things were looking quite bleak then. I was gearing up for going short, but we had a sharp reversal from there. The recovery was exactly 1% ~ 189.7pts to hit a new swing high of 19129 by 12.00.
Nifty50 did not stop there, it attempted leg2 till 13.35 and then leg3 till close. Somehow the price action of yesterday and today combined shows early signs that the bears are getting outnumbered.
Even though we added 93pts today, I have still not changed my stance to bullish. 19226 is my first level to watch out which coincides with the 38.2% retracement level of the recent fall. Then the most important zone of 19310. Ideally, I wish to go long only if the 19310 resistance is taken out.
The options data also shows bullishness, but bear with me for a while here. I do not wish to jump the gun early and go long. I prefer to do that only if the bulls are that strong. In case the bears would like to make a comeback this week - 18880 level has to be broken quickly. The longer it stays above this zone, its going to be tata bye bye bears.