Nifty50 Support And Resistance 6-May-24 💥 Please find below simple resistance and support:
Resistance: 22526
If crossed up then will see upward move as follows:
TGT: 22589
Support: 22411
If crossed down then will see downward move as follows:
TGT: 22348
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
Niftyanalysis
#NIFTY Intraday Support and Resistance Levels -06/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22480 level and then possible upside rally up to 22600 level in today's session. in case nifty trades below 22440 level then the downside target can go up to the 22320 level.
NIFTY Intraday Trade Setup For 6 May 2024NIFTY Intraday Trade Setup For 6 May 2024
Sell_1- From 22650
Invalid-Above 22700
T- 22500
Sell_2- Below 22340
Invalid-Above 22390
T- 22110 21886
NIFTY has closed on a bearish note last week as Friday it ended on a bearish note and closed the week near lows. Last week we discussed that index broad range is 22800 and 21700 and still this weekly range is intact. BTW index has formed a shooting star in weekly TF so below 22340 index may slip. Index will give a 90 degree upmove above 22800 if sustained in daily TF. There is a fair chance of gap up on Monday in that case 22650 will act as resistance.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 22340 then we will short. T- 22110 and 21885.
In case of a gap up we will short from 22650. 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.
Nifty & Bank Nifty Analysis For Next Week 06 May-10 May 2024In this video, we'll discuss about Last week's Market Movement and share Next week's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
NIFTY Intraday Trade Setup For 3 May 2024NIFTY Intraday Trade Setup For 3 May 2024
Bullish-Above 22800
Invalid-Below 22750
T- 23050
Bearish-Below 22550
Invalid-Above 22600
T- 22333
NIFTY has closed with a slight gain of 0.19% gain today. On Tuesday EOD we discussed that index may give a bounce of the fall towards 22700 zone if Tuesday's low will be safe. Index followed the same and 22700 zone acted as intraday resistance. Index traded between previous day's range and formed an inside candle in daily TF. Tomorrow once again index looks sideways if it does not dive below 22560. So will will stick to broader range of 22800 and 22550 to trade.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22800 then we will long for the target of 23050.
For selling we need a 15 Min candle close below 22550. T- 23333.
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.
NIFTY 50 IndexThere is no doubt that the Nifty Index has been bullish in the long term, but there are times the index takes a dip and thus we can take this opportunity to short it till the levels. The levels which I expect Nifty to drop are till 21900 in short term, the second target can be 21400, and if this level breaks in long term we can expect a further drop to 20650. Nifty is at all time high. If the price breaks above 23127 this idea will be invalidated.
Important - This is my personal analysis and should not be considered as financial advice, kindly do your research before placing any trades.
NIFTY Intraday Trade Setup For 1 May 2024NIFTY Intraday Trade Setup For 1 May 2024
Bullish-Above 22790
Invalid-Below 22740
T- 23050
Bearish-Below 22550
Invalid-Above 22600
T- 22333
NIFTY has closed on a slight bearish note with 0.17% cut today. It has formed a shooting star exactly at ATH which seems to be an alert for bulls. Index will rally very strongly above 22800 as sellers shorted today will exit and fresh buyers like us will enter, double force move. But below today's low bears will take charge. If today's low will be safe then it may give bounce towards 22715.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22790 then we will long for the target of 23050.
For selling we need a 15 Min candle close below 22550. T- 22333.
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.
Nifty & Bank Nifty Analysis For 30 Apr 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
NIFTY Intraday Trade Setup For 30 Apr 2024NIFTY Intraday Trade Setup For 30 Apr 2024
Bullish-Above 22660
Invalid-Below 22610
T- 22875
Bearish-Below 22500
Invalid-Above 22550
T- 22333
NIFTY has closed on a bullish note today, clocked exactly 1%. Tomorrow once again we can expect bullish move if today's high is sustained. In the weekend we discussed hourly levels as 22650 and 22300. It has tested the upper level so above 22660 we will maintain a bullish view for a fresh ATH. High probability trade will be in buy side on flat opening or slightly below 22640. 25500 will be a confluence zone just like today.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22660 then we will long for the target of 22875.
For selling we need a 15 Min candle close below 22500. T- 22333.
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.
NIFTY Intraday Trade Setup For 29 Apr 2024NIFTY Intraday Trade Setup For 29 Apr 2024
Bullish-Above 22630
Invalid-Below 22580
T- 22810
Bearish-Below 22380
Invalid-Above 22430
T- 22145
NIFTY has closed with a gain of 1.23% last week. Index is still trading sideways in the parallel channel.
Till the time index trades between this parallel channel direction trades in short term is risky. 21700 and 22800 is the range for a short term trigger. Breakout of this range will establish a trend in short term as these are weekly levels. 22300 is the last hourly swing low, breakdown may trigger a good fall.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22810-50.
For selling we need a 15 Min candle close below 22380. T- 22145.
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.
Nifty & Bank Nifty Analysis For Next Week 29 Apr-03 May 2024In this video, we'll discuss about Lat week Market Movement and Next Week's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
NIFTY Intraday Trade Setup For 26 Apr 2024NIFTY Intraday Trade Setup For 26 Apr 2024
Bullish-Above 22630
Invalid-Below 22580
T- 22810
Bearish-Below 22450
Invalid-Above 22500
T- 22295
NIFTY has closed on a bold bullish note today with 0.75% gain. It is a bold candle as it gaped down 85 points and then recovered till 22625. Tomorrow is likely to be bullish day. Broadly we are still trading between this rising parallel channel in daily TF. 22465 will act as a support and one can have a bullish plan from this level. Best trade will be opening below 22625 and then breakout of 22630.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22810-50.
For selling we need a 15 Min candle close below 22450. T- 22295.
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.
#NIFTY Intraday Support and Resistance Levels -25/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22380 level and then possible downside rally up to 22260 in today's session. in case nifty trades Above 22440 level then the upside target can go up to the 22560 level.
NIFTY Intraday Trade Setup For 24 Apr 2024NIFTY Intraday Trade Setup For 24 Apr 2024
Bullish-Above 22450
Invalid-Below 22400
T- 22665
Bearish-Below 22340
Invalid-Above 22390
T- 22140
NIFTY has closed on a flat note today. Index opened with a 100 points gap up and then index turned sideways. 10 o'clock range was to be used as per trade setup but index did not break and traded within a tight range of less than 100 points. VIX crashed drastically and by this index once again is not good for intraday traders. VIX above 15-16 will bring intraday tradable environment. Index looks week below 22340 and this looks probable tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22665.
For selling we need a 15 Min candle close below 22340. T- 22140.
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.
Nifty & Bank Nifty Analysis For 24 Apr 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
NIFTY Intraday Trade Setup For 23 Apr 2024NIFTY Intraday Trade Setup For 23 Apr 2024
Bullish-Above 22390
Invalid-Below 22340
T- 22665
Bearish-Below 22190
Invalid-Above 22240
T- 22000
NIFTY has closed on a bullish note with 0.86% gain today. It opened with a big gap up and traded between 10 o'clock range for the whole day. However buy levels was respected as support irrespective of the gap up opening. Tomorrow on a flat opening if index breaks today's high then it will directly test 22665 zone. Bears will try to take charge below 22250 but for safer side plan short below 22190.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22390 then we will long for the target of 22665.
For selling we need a 15 Min candle close below 22190. T- 22000.
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.
Nifty & Bank Nifty Analysis For 23 Apr 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
Monthly Expiry Special Nifty & Bank Nifty Analysis For Apr 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
NIFTY Intraday Trade Setup For 22 Apr 2024NIFTY Intraday Trade Setup For 22 Apr 2024
Bullish-Above 22190
Invalid-Below 22140
T- 22405
Bearish-Below 22000
Invalid-Above 22050
T- 21800
NIFTY has closed with a cut of 1.65% last week. Last week we had a bearish view as per the 2nd leg shooting star in weekly TF. Trigger of the bearish move was 22500. Index has respected 50 EMA in daily TF. Now Below 21770 next bearish move will be triggered which will be a breakdown of rising channel in daily TF. However 21700 is a major weekly support below which index will be bearish in medium term. In case of a gap up possibility of sell off will be high.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22190 then we will long for the target of 22405.
For selling we need a 15 Min candle close below 22000. T- 21800.
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.
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.
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.
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.
NIFTY Intraday Trade Setup For 9 Apr 2024NIFTY Intraday Trade Setup For 9 Apr 2024
Bullish-Above 22710
Invalid- Below 22660
T- 22865
Bearish-Below 22600
Invalid-Above 22650
T- 22420
NIFTY has closed on a bullish note with 0.68% gain today. Index has picked the trend above our planned bullish level- 22620 discussed in the weekend analysis. Buy triggered above 22620 and gave a small move till 22697. Intraday momentum has really dropped and this is a historical reason as momentum dies in bull market, FUT and option selling suited market. Tomorrow 22710 will be an important resistance, a shooting star in 5 Min TF will be good to short. Below 22600 we will short.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22710 then we will long for the target of 22865.
For selling we need a 15 Min candle close below 22600. T- 22420.
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.