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NIFTY Intraday Trade Setup For 18 Nov 2024NIFTY Intraday Trade Setup For 18 Nov 2024 Bullish-Above 23690 Invalid-Below 23640 T- 23910 Bearish-Below 23480 Invalid-Above 23530 T- 23213 NIFTY has closed on a bearish note with 2.55% cut last week. Last weekend we discussed that index will be gripped by bears below 24k. It gave a non-stop move till 23500. Now index may find support near 23150 zone as per half bat pattern (0.618). Index has formed an inverted hammer candle in daily TF near channel lower in daily TF so above its high it can be validated or else it will be sell on rise. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23690 then we will long for the target of 23910. For selling we need a 15 Min candle close below 23480. T- 23213. 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 Support & Resistance Levels for 18.11.2024On Thursday, Nifty opened with a gap down, touched a high of 23,675.90, and slipped to a low of 23,484.15. It eventually closed at 23,532.70, losing 26 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Notably, Nifty has closed inside the Daily Demand Zone for the second consecutive session. As mentioned earlier, if this support holds, we could witness bullish momentum pushing Nifty toward 23,900 - 24,250 levels. Demand/Support Zones Near Support (Daily): 23,350 - 23,667.10 (current price within the zone) Far Support: 23,189.88 (61.8% FIBO Level) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Immediate Resistance (30m): 23,908.65 - 23,992.50 Higher Resistance (75m): 24,106.90 - 24,242.00 Major Resistance (75m): 24,447.65 - 24,537.60 Extended Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 14.11.2024On Wednesday, Nifty opened with a gap down and, driven by heavy selling in major stocks, dropped to a low of 23,509.60, entering the key Daily Demand Zone mentioned in the previous post. It closed at 23,559.05, down 324 points. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. However, since Nifty has entered and closed within the Daily Demand Zone, if this support holds, we could see some bullish momentum toward the 23,900–24,250 range. It’s worth noting that Nifty has already corrected 2,767.75 points from the high of 26,277.35, marking a 10% drop from the peak. Demand/Support Zones Key Support (Daily): 23,350 - 23,667.10 (current price within this zone) Far Support: 23,189.88 (61.8% FIBO) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Immediate Resistance (30m): 23,908.65 - 23,992.50 Higher Resistance (75m): 24,106.90 - 24,242.00 Extended Resistance (75m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 13.11.2024On Tuesday, Nifty opened with a gap up, reaching a high of 24,242 but failed to hold gains, dropping 400 points from the peak to a low of 23,839.15, breaking below the 30m demand zone. It closed at 23,883.45, down by 258 points. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. As noted in previous posts, Nifty continues to be a "Sell on Rise" market until trends shift. Since reaching 24,537.60 last week, Nifty has declined steadily, losing 700 points over the past five trading days. Demand/Support Zones Near Support (Daily): 23,350 - 23,667.10 Deeper Support: 23,189.88 (61.8% FIBO) Major Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (75m): 24,106.90 - 24,242.00 Mid Resistance (75m): 24,447.65 - 24,537.60 Further Resistance (75m): 24,636.75 - 24,741.45 Key Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 12.11.2024On Monday, Nifty opened on a negative note, dropped to a low of 24,004.60, then rebounded mid-session to reach 24,336.80. However, it couldn't hold the gains and closed at 24,141.30, down 7 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Key demand and supply zones stay unchanged from the previous update. Demand/Support Zones Near Support (30m): 23,842.75 - 23,951.10 Key Support (Daily): 23,350 - 23,667.10 Deep Support: 23,189.88 (61.8% FIBO) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (30m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45 Major Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 11.11.2024On Friday, Nifty opened nearly flat, dipping to a low of 24,066.65 and climbing to a high of 24,276.15, before closing at 24,148.20—a loss of 51 points from the previous close. With the Weekly Trend (50 SMA) remaining sideways and the Daily Trend (50 SMA) still negative, it continues to be a “Sell on Rise” market unless there’s a trend shift to positive. Key demand and supply levels stay consistent with previous posts. Demand/Support Zones Near Support (30m): 23,842.75 - 23,951.10 Key Support (Daily): 23,350 - 23,667.10 Deep Support: 23,189.88 (61.8% FIBO) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (30m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45 Major Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 12 Nov 2024NIFTY Intraday Trade Setup For 12 Nov 2024 Bullish-Above 24280 Invalid-Below 24230 T- 24500+ Bearish- Below 24050 Invalid-Above 24100 T- 23775 NIFTY has closed with slight cut of 0.64% last week. It has formed a spinning top candle in weekly TF which indicates either halt of ongoing selling which later can result into reversal on further confirmation or a continuation below its low- 23800. Overall market is sell on rise till it regains 50 EMA in daily TF. 24280 and 24050 are intraday levels. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24280 then we will long for the target of 24500+. For selling we need a 15 Min candle close below 24050. T- 23775. 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 Support & Resistance Levels for 08.11.2024On Thursday, Nifty opened flat, climbed to a high of 24,503.35, and then slid, ignoring the 15m Demand Zone and reaching a low of 24,179.05. It closed at 24,199.35, down by 284 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. As we've mentioned in earlier posts, it’s a “Sell on Rise” market until a positive trend shift occurs. Demand/Support Zones Near Support (30m): 23,842.75 - 23,951.10 Key Support (Daily): 23,350 - 23,667.10 Deep Support: 23,189.88 (61.8% FIBO) Far Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (30m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45 Major Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 8 Nov 2024NIFTY Intraday Trade Setup For 8 Nov 2024 Sell_1- From 24400 Invalid- 24450 T- 24250 Sell_2- Below 24170 Invalid- Above 24220 T- 23945 NIFTY has closed closed on a bearish note with 1.16% cut today. Index was bearish since opening and later sell triggered below 24280 and gave 100 points. Index has entered into bearish sentiment once again. No bullish view till we get bullish price structure in daily TF. Tomorrow we will still maintain bearish stance, sell on rise approach. 24400 will be resistance for the day. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 24170 then we will short for the target of 23944. We will short in case of pullback towards 24400 zone. T- 24240. 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 Support & Resistance Levels for 07.11.2024On Wednesday, Nifty opened with a gap-up, breaking through the 75-minute supply zone and advancing into the 125-minute supply zone. It reached a high of 24,537.60, closing at 24,484.05 with a strong gain of 270 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Support (15m): 24,281.90 - 24,333.65 Near Support (30m): 23,842.75 - 23,951.10 Near Support (Daily): 23,350 - 23,667.10 Far Support: 23,189.88 (61.8% FIBO Level) Deep Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (125m): 24,502.80 - 24,604.25 Near Resistance (75m): 24,636.75 - 24,741.45 Key Resistance (Daily): 24,567.65 - 24,978.30
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 7 Nov 2024NIFTY Intraday Trade Setup For 7 Nov 2024 Bullish-Above 24550 Invalid-Below 24500 T- 24800 25050 Bearish-Below 24280 Invalid-Above 24330 T- 24020 NIFTY has closed on a bold bullish note with 1.12% gain today. It has almost touched 23700 zone, made a low of 23816.15 on 4 Nov. So our swing sell target was met. It has closed above PDH so bearish sentiment is void now chance of a halt or bullish reversal is on cards. 24550 and 24280 are intra levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24550 then we will long for the target of 24800 and 25050. For selling we need a 15 Min candle close below 24280. T- 24022. 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
TATA STEEL 1D TFNSE:TATASTEEL has been respecting a trend line for a very long time. We've discussed about this in our previous posts. The stock has formed a good bullish candle showing signs of possible bullish movement. A R:R of 1:1.5 can be traded in this trade. As the volume is good and supporting our audio. The possible of winning this trade is more. The link to my previous post is given below where we've discussed about the consolidation. You can check the post for reference. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:TATASTEELLong
by Joassh
Nifty Intraday Support & Resistance Levels for 06.11.2024On Tuesday, Nifty opened on a weak note, dipping to a low of 23,842.75 before rallying to a high of 24,229.05. It closed at 24,213.30, up by 218 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support (30m): 23,842.75 - 23,951.10 Near Demand/Support (Daily): 23,350 - 23,667.10 Extended Support: 23,189.88 (61.8% FIBO) Far Demand/Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance (75m): 24,280.20 - 24,368.25 Near Supply/Resistance (125m): 24,502.80 - 24,604.25 Additional Resistance (75m): 24,636.75 - 24,741.45 Extended Resistance (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPal
Piercing Line Candlestick Pattern in Nifty at Support Zone.Hello Everyone, today i have brought Nifty Analysis. Nifty has formed Piercing Line Candlestick Pattern, this is called a bullish reversal pattern. Nifty has taken U turn after making low at 23842.75 and given successfully closing at 24213.30 above 24000 psychological level. I feel we can see some bullish move in nifty behalf of this candlestick pattern. If i talk about Open Interest:- Call options OI:- 2,789,700 & Put Options OI:-3,958,100 Total PCR comes:- 1.42 It is shows mildly bullish atleast we can expect Nifty above 24000 for some days, or till expiry. Okay now let me tell you all about Piercing line candlestick pattern:- What Is a Piercing Pattern? A piercing pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range. It also includes a gap down after the first day where the second day begins trading, opening near the low and closing near the high. The close should also be a candlestick that covers at least half of the upward length of the previous day's red candlestick body. Key Takeaways The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend. This candle pattern typically only forecasts about five days out. Three characteristics of this pattern include a downward trend before the pattern, a gap after the first day, and a strong reversal as the second candle in the pattern. How a Piercing Pattern Works A piercing pattern features two days where the first is decidedly influenced by sellers and where the second day responds by enthusiastic buyers. This is potentially an indication that the supply of shares that market participants want to sell has been depleted somewhat, and the price has been driven down to a level where demand for buying shares has increased and been shown to be evident. This dynamic seems to be a somewhat reliable indicator of a short-term upward forecast. Piercing Pattern Formation The pattern is preceded by a downward trend in price. (This may be only a short downtrend, but if the candles appear after an upward trend in price it is not an important reversal indicator). The price gaps lower to begin the second day. (This pattern is mostly found in stocks because of their ability to have overnight gaps unlike currencies or other 24-hour trading assets. This pattern may occur in any asset class on a weekly chart, however). The second candle must close above the midpoint of the first candle. (This signifies that buyers overwhelmed sellers on this day.) The first candlestick is usually dark colored or red, signifying a down day, and the second is green or lighter colored, signifying a day that closes higher than it opened. When a trader is watching for a bullish reversal, any red candlestick followed by a white candlestick could be an alert, but the piercing pattern is a special indication because the reversal is likely unexpected for most market participants. 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.
NSE:NIFTYLong
by TraderRahulPal
1
Nifty Intraday Support & Resistance Levels for 05.11.2024On Monday, Nifty opened slightly negative and saw a sharp decline of nearly 500 points, reaching a low of 23,816.15 before closing at 23,995.35, down by 309 points from the previous close. With the Weekly Trend (50 SMA) sideways and the Daily Trend (50 SMA) negative, Nifty has broken below its weekly demand zone, indicating potential further downside. Any rise could present short-term selling opportunities. Demand/Support Zones Near Demand/Support (Daily): 23,350 - 23,667.10 Far Support: 23,189.88 (61.8% FIBO) Extended Demand/Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance (15m): 24,063.95 - 24,107.55 Near Supply/Resistance (30m): 24,280.20 - 24,356.25 Near Supply/Resistance (125m): 24,502.80 - 24,604.25 Extended Supply/Resistance (75m): 24,636.75 - 24,741.45 Extended Supply/Resistance (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 5 Nov 2024NIFTY Intraday Trade Setup For 5 Nov 2024 Sell_1-From 24175 Invalid-Above 24225 T- 23950 Sell_2- Below 23800 Invalid-Above 23850 T- 23570 NIFTY has closed on a bearish note with 1.27% cut today. Index was just trendy after triggering short as per trade setup. Also index is approaching our position short target - 23700 zone. We have been riding short from 24850 zone which was updated on 17 Oct. We will keep riding this until our trailing sl is hit. If a daily candle closes above PDH then we exit and there will be chance of sentiment change. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 23800 then we will short for the target of 23570. We will also short from 24175 in case tested in the 1st hour. T- 23950 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
1
Nifty Crash Update & Reasons Behind Indian Markets Crashing - Nifty is currently trading at 23,964 - This chart is inverted to understand the bearish bias on a larger timeframe - Nifty has already topped out, IMO and we will only see Nifty retracing larger and pumping small - Nifty's point of release was from the zone of 25,214 and the market structure shift to bearish was around 24,753 - We can soon see a pullback towards the upside raiding and grabbing more liquidity and falling further down - I find Bank Nifty to be strong when compared to Nifty - Reasons Behind Indian Indices and Nifty Falling 1) FPI Outflows: Heavy Selling by foreign investors reallocating funds to other emerging markets like China, has reduced liquidity and intensified selling pressure. 2) SEBI Derivatives Regulation 3) Market Downgrade 4) Rising Crude Oil Prices 5) Technical Weakness
NSE:NIFTYShort
by VKtradesimbalance
Nifty Intraday Support & Resistance Levels for 04.11.2024On Friday, Nifty opened with a gap up, landing in the 15m Supply Zone, hitting a high of 24,368.25 before dropping to a low of 24,280.20. It closed at 24,304.35, gaining 99 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support (15m): 24,073.90 - 24,099.10 Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support (Daily): 23,350 - 23,667.10 Supply/Resistance Zones Near Supply/Resistance (5m): 24,463.10 - 24,498.20 Near Supply/Resistance (15m): 24,522.25 - 24,583.50 Near Supply/Resistance (75m): 24,636.75 - 24,741.45 Near Supply/Resistance (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 4 Nov 2024NIFTY Intraday Trade Setup For 4 Nov 2024 Bullish-Above 24380 Invalid-Below 24330 T- 24600 Bearish-Below 24170 Invalid-Above 24220 T- 24900 NIFTY has formed a halt candle in weekly TF. After continuous selling since 27 Sep it took a pause in weekly TF. 23700 target which was said when index went below 24k is still pending. Also it was said that we need to keep an eye on PDH for trailing the positional short trade. If index closes above PDH then bearish sentiment may take a halt so will close short view then. 24380 and 24170 are intraday levels for tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24380 then we will long for the target of 24600. For selling we need a 15 Min candle close below 24170. T- 23900. 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 Muhurat Trading Support & Resistance Levels for 01.11.2024✨ Happy Diwali and Prosperous Muhurat Trading! ✨ On Thursday, Nifty opened almost flat but faced selling pressure, hitting a low of 24,172.60 before closing at 24,205.35, down by 135 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is Negative. Larger time frame demand and supply zones (75m, Daily, Weekly) remain the same as previously noted. Small Time-Frame Demand/Support Zones Near Demand/Support (15m): 24,073.90 - 24,099.10 Small Time-Frame Supply/Resistance Zones Near Supply/Resistance (15m): 24,328.00 - 24,372.45 Near Supply/Resistance (5m): 24,463.10 - 24,498.20 Near Supply/Resistance (15m): 24,522.25 - 24,583.50 Larger Time-Frame Demand/Support Zones Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support (Daily): 23,350 - 23,667.10 Larger Time-Frame Supply/Resistance Zones Near Supply/Resistance (75m): 24,636.75 - 24,741.45 Near Supply/Resistance (Daily): 24,664.95 - 24,978.30 Wishing you all a profitable Muhurat session and a bright Diwali ahead! 🪔📈
NSE:NIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 31.10.2024On Wednesday, Nifty opened with a gap down, with bulls attempting a recovery to a high of 24,498.20 before dropping to a low of 24,307.30. It closed at 24,340.85, shedding 126 points from the previous close. The Weekly Trend (50 SMA) is still sideways, while the Daily Trend remains negative. Demand/Support Zones: Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support Zone (Daily): 23,350 - 23,667.10 Supply/Resistance Zones: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 30.10.2024On Tuesday, Nifty opened flat, dipping to a low of 24,140.85 before rallying over 340 points to a high of 24,484.50. It closed strong at 24,466.85, gaining 127 points over the previous close. Weekly Trend (50 SMA) is sideways, while the Daily Trend remains negative. Key demand and supply zones are unchanged. Demand/Support Zones: Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support Zone (Daily): 23,350 - 23,667.10 Supply/Resistance Zones: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPal