Black Friday saleUp to 70% OFF

Nifty50pricetrendanalysis

18th Oct ’23 - Vertical fall from a strong zone - PostMortem N50Nifty Analysis Recap from yesterday: “On the 1hr TF, we have formed an island just above the 19776 levels. Today’s swing high has taken out the highs of 12th October. I wish to continue with my bullish stance as long as the support of 19776 is respected. Ideally, the next target should be 19907 and then 19998 if we are going up. Not sure why, but our markets are looking bullish despite a war in the Middle East, surging gold, surging crude oil, and surging treasury yields in the US. Why are Indian stock indices insulated from these multi-headed shocks? Either the fundamentals are not bad or the technicals (charts) have not priced in these anomalies. As a technical trader, the only option for me is to follow the charts even while knowing something’s off. India VIX @ 10.69, US VIX @ 17.88” The pre-open did not show any indication for the day that followed, even the open was inline. The first candle was quite strong in RED, but it bounced off the support line of 19776. By 10.05 we were back to 19840 levels and looking strong. Even though the 19700 PEs were trading in the cheap 20 to 22 range - I was not interested in buying thinking it would go worthless. What followed was totally uncalled for. We started falling quite brutally, the support was taken out by 10.50, the intensity really picked up and we hit an interim bottom at 12.30 ~ 19674 levels. As we discussed yesterday, the charts did not indicate this movement - it looked pretty bullish to me. What happened today was that my long position went into loss and then I had to go short to go with the trend. The second leg of the fall took out 65pts ~ 0.33% after we climbed to the 19720 levels. The 2nd leg was stalled by time - else we could have seen more action. On the 1hr TF, I wish to change my stance from bullish to neutral but with a bearish bias. The rationale being the intensity of the 10.15 candle that cut through the support. That candle looks purposefully planted to bring a bearish bias. If we start moving downwards tomorrow, my first target will be 19600 followed by 19529. In case we reverse, the first step would be to take out the resistance of 19776.
NSE:NIFTYShort
by viswaram
Nifty Intraday levels for 4th Oct 2023Hello Traders. Nifty traded in lower range throughout the day and closed around 19528, good thing is nifty above 19500. If you Check Nifty has not closed below 19500 in last 20 sessions. Means it is simple buyers are accumulating in the range of 19475-19500. Any closing below 19500 will take nifty towards 19200 for sure. NIfty is safe above 19500. In case we get nifty tomorrow around 19400-19430, then we should become contrarian as that will be good support zone for intraday, and we can keep stop loss at 19275 and targets 19650+. Let's see if we get these levels or not. Important Levels for Nifty:- Strong Support zone 19400 Strong Resistance zone 19650-19750 Buy above 19558, if levels sustains at least for 30 mints. Targets we can see in upside 19640/19698 Keep stop loss at 19486 Sale below 19486, if levels sustains at least for 30 mints. Only Small Targets we can see in downside 19427 (as nifty will be in support zone) Keep stop loss at 19558 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:NIFTY
by TraderRahulPal
Nifty 50 Analysis!FWB:NSE : NIFTY Weekly Analysis! Rising Wedge Pattern in Nifty 50 Weekly Chart! Rising Wedge Pattern with Upside Breakout! Nifty 50 is trading at its all-time high, don't be greedy in this situation. We can see the strong upside momentum but hold your horses. We can see, I have applied fib retracement on the current price action(prev high and prev low). Now we may face strong resistance at the 20306.05 level because as per price action, NIfty has to establish support at the previous resistance level. Then we should find the following buying opportunities at this level. I have also marked the possible Demand zone on the chart one should consider this level for conservative investing. So as per my suggestion let the Nifty retrace because we are already in the greedy zone. I don't want investors to get trapped in this zone and hunt their stop losses. Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:NIFTY
by Avinash9087
Nifty heading for 20k. Daily analysis for 18/07/23Nifty has given a break out of the parallel channel and is ready to touch 20k levels soon. Bullish trades for positional trade in august series can be carried now. Index from the first hour was in the bullish move and carried the momentum through out the day and gave a nice move in the closing hour of the market. Nifty has given a 146 points gain in a day and a flag and pole pattern break out can give nice rally.' Support :- 19660, 17520 Resistance :- 19875(fib level) DJI is also trading around the resistance levels and can give a break out today. The break out of the resistance levels can help Indian market touch new highs. Watch the global markets in the morning as trend can be confirmed. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty trading in Higher highs and higher lows pattern next19100+Hello Traders Good Morning, I hope your last week would be good, everyone have made good money. Let's focus on today's scenario, i have seen on chart Nifty trading in Higher highs and higher lows pattern So according to this we can assume next higher highs could be somewhere 19100 levels, but best buying range will be 18750-18800 levels. Chances are high we will get these levels in intraday. I have plotted everything on chart like best entry, target, and stop loss. So guy's trade carefully and always follow stop loss to save your capital from unexpected movement. Disclaimer:- Always do your own analysis or consult with your financial advisor before taking any trade. Hit the like and follow if you like my work and also comment your thoughts on this idea. Thankyou.
NSE:NIFTYLong
by TraderRahulPal
3
Nifty50 Weekly Expiry Trading Levels 15th June 2023 ZERO to HERONifty50 Weekly Expiry Trading Levels 15th June 2023 ZERO to HERO Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision
NSE:NIFTY
by sbkurandwad77
NIFTY important support resistance areasNSE:NIFTY nifty is approaching the crucial trendline on daily time frame from which we have seen multiple huge corrective falls everytime nifty touched/entered the trendline zone, there are two major resistancce zoneswhich are collinding with trendline which can possibly start the next corrective fall again if respected, 1st resistance zone is between 17530/17565 and the next and last one which is more crucial to decide corrective fall or breakout upside is bewteen 17622/17620, current/ next minor resistance for nifty is between 17412/17450, if nifty opens inside/above this zone, then we can expect nifty hit the trendline's first resistance zone. if nifty breaks and sustains abobe 17620 , then we can expect a move till 17780/17810. if the resistance zone are respected then we can expect a corrective fall till 16800/16400 first.
NSE:NIFTY
by ajinkyadiwakar717
NIFTY 50 - MONDAY 20-03-23In the last few days, the Nifty50 has found support near 16800 and has risen to 17123. The hourly chart shows that Nifty's support level is around 16985-86. So, I'll keep my long position until the Nifty crosses 17000. According to my forecast, the index will reach 17250 within the next few days. The SGX Nifty is down significantly on Friday. The market is expected to open lower on Monday. However, it is an opportunity for swing traders to open a new long position. This video is for educational purposes only. Please make any investment decisions after consulting with your SEBI Registered Analyst or advisor.
NSE:NIFTYLong
by UnknownUnicorn39322609