NIFTY 50 INDEX MAGICAL LEVELS FOR 28-09-23
The above plotted levels on the chart should be considered only when NIFTY opens flat on 28-09-2023.
If NIFTY opens GAP-UP or GAP-DOWN on 28-09-2023 then the following calculations must be considered:
Level 1 = OPEN PRICE (28-SEP) -28.35
Level 2 = OPEN PRICE (28-SEP) - 76.90
Level 3 = OPEN PRICE (28-SEP) - 33.55
Level 4 = OPEN PRICE (28-SEP) + 28.35
Level 5 = OPEN PRICE (28-SEP) + 76.90
Level 6 = OPEN PRICE (28-SEP) + 33.55
Level 7 = (Level 1 + Level 2) / 2
Level 8 = (Level 4 + Level 5) / 2
High Probable Reversal Levels: The yellow, purple, and white lines plotted on the attached chart depicts high probable reversal levels.
DISCLAIMER: This published idea is only for educational purpose.
Niftyintradaylevels
#September28 Direction & levels for #Nifty"Good morning, friends! As of September 28th, the global market sentiment is neutral (based on the Dow Jones), while our market trend remains moderately bullish. It may open neutral, slightly gap-up, or even gap-down. After the market's open, if it breaks or consolidates around the immediate resistance, we can expect a pullback continuation with minor corrections.
On the other hand, we can anticipate a correction if the market rejects the immediate resistance, even if it initially experiences a pullback (running flat variation). However, that rejection should break the reversal Fibonacci level of 38%. If it breaks that level, we can expect a minimum correction of 61% to 78% Fibonacci correction. Additionally, this variation also applies in the case of a gap-down opening"
27 Sep ’23 Post Mortem on Nifty - Market makes a U turn?Nifty Analysis
Recap from yesterday: “On the 1hr chart we are almost at the center point of the orange lines (support and resistance) i.e. 19562 and 19786. Nifty has to either fall below or rise above one of these lines to make the big move. Personally, I prefer if it breaks the support and falls to the 19470 levels by tomorrow. As long as Nifty does not do that — I wish to maintain my neutral stance.”
Yesterday SPX closed with a loss of 1.57%, as I write SPX is trading at -0.37% cuts today. The moment Nifty50 opened today - I was calculating a 1.5% fall would mean the 19310 is getting taken out today itself.
The opening 1hr gave me that feeling, and we broke the last swing low of 19601. Then at 10.30 we saw a trend reversal - we went up 176pts ~ 0.90%. Simply unbelievable price action. This move came as a total surprise and I did not even have a trade to play.
At 11.15 seeing a pause, I thought we will have the leg2 of fall. What happened was we went up not down. I got the same feeling at 12.15 that we will not cross yesterday’s close - markets broke that too. By the time we hit 19700 - it was too late for me to plan for a bullish trade.
On the 1hr TF, Nifty clearly hit the downside orange line of 19562 - but did not get enough followthrough and I am still wondering why. The next 6 candles after the first one in green - usually seen during bullish phases.
I am still not changing my stance from neutral as we are still between 19777 and 19562. If we break above 19777 I wish to go long tomorrow, whereas if we break 19562 - I’d prefer to go short. Meanwhile, if you know why Nifty made this strange move today - do let me know.
NIFTY Intraday Trade Setup For 28 Sep 2023NIFTY Intraday Trade Setup For 28 Sep 2023
Buy-Above 19735
Invalid-Below 19685
T- 19840 19930
Bearish-Below 19660
Bearish-Above 19710
T- 19560 19420
NIFTY has closed on a slight bullish note with 0.26% today. The weekly support discussed in the weekend outlook was 19550-19600. Today it tested 19550 and a sharp recovery was seen till 19730. Now it is ready for a pullback bounce till 20k zone. Now 19550 is the gateway for the next round of selling, a very strong support in daily TF. Tomorrow on a flat opening above today's high it will be once again bullish. 19660 is 0.382 , a strong support zone. Below this there can be a selling pressure.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19735 then we will long for the target of 19840 and 19930.
For selling we need a 15 Min candle close below 19660. T- 19560 and 19420 below 19550.
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.
NIFTY 50 INDEX MAGICAL LEVELS FOR 27-09-23
The plotted levels on the chart should be considered only when NIFTY opens flat on 27-09-2023.
If NIFTY opens GAP-UP (Open > Previous High) or GAP-DOWN (Open < Previous Low) on 27-09-2023 then the following calculations must be considered:
Level 1 = OPEN PRICE (25-SEP) -32.30
Level 2 = OPEN PRICE (25-SEP) - 79.50
Level 3 = OPEN PRICE (25-SEP) - 30.50
Level 4 = OPEN PRICE (25-SEP) + 32.30
Level 5 = OPEN PRICE (25-SEP) + 79.50
Level 6 = OPEN PRICE (25-SEP) + 30.50
High Probable Reversal Levels: The levels plotted with Yellow, White, and Purple colours.
DISCLAIMER: This idea is only for educational purpose.
Nifty daily analysis for 26/09/23.Nifty has formed a perfect doji on the daily charts after testing 61.8% fibonacci levels. It is trading below the 20 ema.
The market has given a nice fall after forming a new ATH and is now giving a consolidation.
On the hourly charts, it has closed below both the moving averages and is taking resistance from 200 ema. There are chance of a cross over.
There was a nice consolidation in the market and there was a good move in both the directions. This confusing market will take the profits and even cause more losses.
It would be wise to wait and watch for a trending move in the markets.
Support :- 19600, 19500
Resistance :- 19730, 19800
Wait for the price action near the levels before entering the market.
#Nifty"Good morning, friends! As of September 20th, there has been no change in the global market sentiment. Dow Jones still exhibits a negative sentiment, while our market trend remains moderately bullish with a 'C' pullback wave structurally. However, if the market opens with a gap-down, Monday's range will serve as a range-bound boundary.
In my personal opinion, even if it breaks yesterday's range, the market may reject immediate levels, suggesting there won't be significant moves. We can anticipate a directional move only if it breaks through immediate support or resistance with minor consolidation."
NIFTY Intraday Trade Setup For 27 Sep 2023NIFTY Intraday Trade Setup For 27 Sep 2023
Bullish-Above 19735
Invalid-Below 19685
T- 19840 19920
Bearish-Below 19600
Invalid-Above 19650
T- 19510 19420
NIFTY has closed flat once again for the two consecutive days. In the weekend analysis it was discussed that index can create a base and probability of a pullback is high. Also it was discussed that it can turn sideways after a parabolic move. So is happening, it just traded between 60 points range for the whole day today. This sideways momentum is likely to continue for some more days after a complete parabolic (down)move. Nothing triggered as per trade setup. Tomorrow be alert with today's high and low for a direction however 19740 and 19600 is the broader range.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19735 then we will long for the target of 19840 and 19920.
For selling we need a 15 Min candle close below 19600. T- 19510 and 19420.
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.
NIFTY - Target Levels - WED - 27.09.23Nifty Spot Price : 19664.70. VIX SPOT Price : 11.19. Nifty Daily Range : 19780 - 19550.
Watch Option Strike : 19700 CE & 19700 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
Nifty Trade Setup for 26-09-2023Nifty important levels to watch are as follows
#Support: 19650
Sell below: 19650 only on 15 minute candle closure below the level.
Target 1: 19590
Target 2: 19490
#Resistance: 19720
Buy Above: 19720 only on 15 minute candle closure Above the level.
Target 1: 19780
Target 2: 19850
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty intraday levels for today 26/Sep/2023Good Morning Traders.
Nifty has formed a dogi kind of pattern, seems indecisiveness among bulls and bears abt near term. OI is suggesting that 19600-19500 will be near term support, and 19800 can act like strong resistance zone for nIfty. Global market is showing bearishness today, GIFT Nifty also suggesting a gap down opening in market. If i talk about trend in the market, Nifty can consolidate between 19500-19850 levels. Let's see what is going to happen, we will act according to our chart pattern.
Important levels for Nifty:-
Strong Resistance Zone 19800-19850
Strong Support Zone 19500-19550
Buy above 19725, if levels sustains at least for 15 Mints.
Targets we can see in upside 19784/19844
Keep stop loss at 19629
Sale below 19629, if levels sustains at least for 15 mints.
Targets we can see in downside 19566/19502
Keep stop loss at 19725
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
#september26 levels and direction for #nifty"Good morning, friends! As of September 26th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. Our market trend is moderately bullish, but there is some structural bending in the 'C' pullback wave. So, if it opens gap-down, yesterday's range will act as a range-bound boundary. On the other hand, if it breaks either to the upside or downside, you can set your target at immediate levels. Here, my personal opinion is that even if it breaks yesterday's range, the market may reject the immediate levels, indicating that there won't be significant moves. We can expect a directional move only if it breaks the immediate support or resistance with minor consolidation."
#NIFTY Intraday Support and Resistance Levels - 26/09/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19650 level and then possible downside rally up to 19530 in today's session. in case nifty trades above 18700 level then the updownside target can go up to the 19820 level.
MAY NIFTY REACH UPTO 20600? yes it willA rounding bottom pattern gets activated if we can get a daily close above 20000 in NSE:NIFTY .
Initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish rounding bottom Chart Pattern
Technical Indicator :- Positive MACD Crossover
NIFTY Intraday Trade Setup For 26 Sep 2023NIFTY Intraday Trade Setup For 26 Sep 2023
Bullish-Above 19735
Invalid-Below 19685
T- 19840 19920
Bearish-Below 19600
Invalid-Above 19650
T- 19510 19420
NIFTY has closed on a an absolute flat note today. In the weekend it was explained that index will give a pullback/bounce from 0.618 and 50 EMA in daily TF which is placed near 19550-600 zone. It exactly reversed from 19600 and made a high of 19734. It has formed a doji candle in daily TF exactly at 0.618. Now tomorrow's closing will be important to watch, high and low will be trigger for a direction either side. 19920 and 19420 are important resistance and support respectively for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19735 then we will long for the target of 19840 and 19920.
For selling we need a 15 Min candle close below 19600. T- 19510 and 19420.
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.
NIFTY 50 INDEX MAGICAL LEVELS FOR 26-09-23
The plotted levels on the chart should be considered only when NIFTY opens flat on 26-09-2023.
If NIFTY opens GAP-UP (Open > Previous High) or GAP-DOWN (Open > Previous Low) on 26-09-2023 then the following calculations must be considered:
Level 1 = OPEN PRICE (25-SEP) - 36.45
Level 2 = OPEN PRICE (25-SEP) - 81.15
Level 3 = OPEN PRICE (25-SEP) - 27
Level 4 = OPEN PRICE (25-SEP) + 36.45
Level 5 = OPEN PRICE (25-SEP) + 81.15
Level 6 = OPEN PRICE (25-SEP) + 27
NOTE: High probability of reversal may be expected around the levels plotted with yellow lines.
DISCLAIMER: This idea is only provided for educational purpose.
NIFTY - Target Levels - TUE - 26.09.23Nifty Spot : 19674.6. Watch Option Strike : 19700 CE & 19700 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
A Pullback is possible in Nifty || Intraday levels 25/Sep/2023Good Morning Traders,
Nifty is trading at crucial support zone 19720-19620, if this levels get sustained then minor bounce back is possible. Well if nifty start trading above and sustained 19800 levels, then short covering is possible, as highest call writing seen at 19800 levels. Well guy's trade with carefully as market is highly volatile these days. Some momentum indicator has a positive crossover which indicates that a pull back can till 19850+ levels.
Important levels for Nifty:-
Strong support zone 19500-19550
Minor support zone 19620
Strong Resistance zone 19850-19880
Minor Resistance zone 19800
Buy above 19726, if levels sustains at least for 15 mints.
Targets we can see in upside 19799/19854
Keep stop loss at 19666
Sale below 19666, if levels sustains at least for 15 mints.
Targets we can see in downside 19570/19505
Keep stop loss at 19726
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