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Nifty Intraday Support & Resistance Levels for 30.07.2024On Monday, Nifty opened gap up and made a new all-time high of 24999.75, followed by a fall of over 200 points from the top before closing at 24836.10. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. Support Levels: Near Demand/Support Zone (15m): 24711 - 24734 Near Demand/Support Zone (30m): 24624 - 24657 Major Demand/Support Zone (125m): 24296 - 24426 Resistance Levels: Near small Supply/Resistance Zone (15m): 24974 - 25000
NSE:NIFTY
by PriteshPal
#Nifty Direction's and levels for July 30th.Good morning, friends! 🌺🍬 Here are the market directions for July 30th: Even though both global and local markets have experienced a correction structurally, it is a moderately bullish market. Today, the market may open with a gap-down start, as indicated by the GIFT Nifty, showing -80 points at 8:00 am. Structurally, Nifty and Bank Nifty differ. Let's examine each one: Nifty: In the previous session, Nifty opened with a gap-up, but there was no continued rally, and it fell drastically mid-market. What's next? > As per the weekly analysis, it could be in the 4th wave and has already reached the 23% Fibonacci level. If the market finds support around the 38% Fibonacci level today, we can initially expect it to range between the previous high and the 38% Fibonacci level. If it then breaks the previous high, the 5th wave may continue, > with pullback targets expected to be a minimum of 61% to 78%, which is the usual range market target. > The alternate view suggests that if the gap-down sustains and breaks the 38% Fibonacci level, it may turn into a correction. If this happens, we can expect a minimum target level of 50%. After that, if the market breaks this level with minor consolidation, the correction will likely continue. However, if it is sharply rejected, we may also expect a range market, but the probability is lower.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Trade Setup | 30th JulyNifty opened with a slight gap-up and after testing 25000 levels we saw a sharp profit booking for approx 200 points. We suggested buyers to be cautious around 25000, hope no one would have trapped in buying at higher levels. For tomorrow, if Nifty sustains above 24860 we expect to see an up-move towards 24900 and above levels. On the other side, if Nifty breaks 24780 on the downside we may see 24720 and lower levels marked the chart. Expectations: Selling for higher levels. Intraday Levels: Buy Above - 24860 Sell Below - 24780
NSE:NIFTY
by InvestPro_India
1
#Nifty directions and levels for July 29th.Good morning, friends! 🌺🍬 Here are the market directions for July 29th: The global market has a moderately bullish sentiment based on the Dow Jones, and our local market mirrors this sentiment. Today, the market may open with a gap-up, as indicated by the GIFT Nifty, showing +130 points at 8:00 am. Structurally, Nifty and Bank Nifty differ but may both continue their pullbacks today. Let's examine each one: Nifty: Nifty experienced a strong rally in the previous session, which could be identified as sub-wave 3. If the market opens with a gap-up, this 3rd wave may continue towards the 24956 to 25067 range. If the market hits one of these resistance levels and then reverses, we can expect a minor correction forming the 4th wave. Typically, the 4th wave is a consolidation phase, potentially leading to a 23 to 38% retracement in the minor swing. This is our primary scenario. Alternatively, if the gap-up doesn't sustain, we could complete the 3rd wave immediately, and the decline could be considered the 4th wave. There are no significant changes in the 4th wave levels; it could take a maximum of 23 to 38%. However, if the decline has a solid structure and breaks the 38% Fibonacci level, it could turn into a correction.
NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Support & Resistance Levels for 29.07.2024On Friday, Nifty broke the resistance level of 24450 in the first 15 minutes, then rallied to a new all-time high of 24861.15 and closed at 24834.85 with a gain of 428 points. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. Support Levels: Near Demand/Support Zone (15m): 24711 - 24734 Near Demand/Support Zone (30m): 24624 - 24657 Major Support/Demand Zone (125m): 24296 - 24426 No supply/resistance zone is seen on the chart as of now.
NSE:NIFTY
by PriteshPal
#Nifty August 1st week directions and levels.Good Evening, friends! 🌺🍬 Here are the market directions for the first week of August: Global and Local Market Overview Both global and local markets have a moderately bullish sentiment. This trend may continue this week. Last Friday, the global market closed up by 1.5%, so we might start this week on a positive note. Let's look at the details. Nifty * Last week, Nifty had big swings and closed around its previous high. On Monday, the market may open with a gap-up, according to Gifty Nifty. If this happens, we can expect the bullish sentiment to continue. Nifty is currently in the 3rd wave, which is a long upward trend. After this wave completes, there may be a small correction of about 23 to 38%. If the rally continues, it will enter the 5th wave, which is usually not as sharp. This is our basic structure. * Means the 3rd wave might complete around 24,956 or 25,067. If it hits resistance at these levels, the 4th wave may begin, characterized by a small correction. After retracing, if it finds support around the 38% level, the rally may continue into the 5th wave, with targets ranging from 25,143 to 25,377. This is our current view. * The alternate view is a flat correctional variation. I labelled it based on theory, but I will explain it simply. We said earlier that the 4th wave is a consolidation wave, so it can take a maximum of 38% correction. However, if the 4th wave falls sharply and breaks the 38% Fibonacci level, it may turn into a deeper correction. If that happens, we can expect a correction of 61 to 78% in the minor swing. This is our alternate view.
NSE:NIFTY
by Manickamtraders
2
NIFTY Intraday Trade Setup For 29 Jul 2024NIFTY Intraday Trade Setup For 29 Jul 2024 Bullish-Above 24870 Invalid-Below 24820 T- 25180 Buy_2- From 24600 Invalid-Below 24550 T- 24800 NIFTY has closed on a bullish note with 1.24% gain last week, closed at record high. 23 Jul sell off was absorbed and bulls took complete charge. 25K is at a striking distance. 25335 will be a confluence zone as per FIB extensions and all other levels may fade out due to strong bullish sentiment. If we get a pullback buy setup above 24870 then we will long for the target of 25180. 24600 will be a strong intra support. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24870 then we will long for the target of 25180. 2nd buying can be done from 24600 level. T- 24800. 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 Trade Setup | 29th JulyNifty opened with a slight gap-up and after sustaining above buy level 24460 we saw a fantastic rally towards 24850 which was Nifty all time high. Nifty made a new ATH at 24861 and closed with a bullish tone. For tomorrow, if Nifty sustains above 24920 we expect to see an up-move towards 94960 and above levels. On the other side, if Nifty breaks 24780 on the downside we may see 24720 and lower levels marked the chart. Buyers be cautious near 25000 levels as it's a physiological resistance. Expectations: Selling for higher levels. Intraday Levels: Buy Above - 24920 Sell Below - 24780 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
3
Nifty Analysis for Monday 29 July 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000. So I am providing highest probability intraday setup in Nifty50 My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce. If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
NSE:NIFTYLong
by jain_abhishek
Nifty Intraday Trade Setup | 26th JulyNifty opened with a gap-down and after consolidation we saw a short covering rally from around 24200 to 24425 levels. For tomorrow, if Nifty sustains above 24460 we expect to see an up-move towards 24500 and above levels. On the other side, if Nifty breaks 24350 on the downside we may see 24300 and lower levels marked the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 24460 Sell Below - 24350 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
Nifty Intraday Support & Resistance Levels for 26.07.2024On Thursday, Nifty opened gap down but recovered 200 points from the day low and closed at 24406.10. The Weekly trend (50 SMA) and Daily trend (50 SMA) remain positive. As Nifty stayed between the important levels of 24200 to 24450, the support and resistance levels remains the same as mentioned in the last post. Support Levels: Major Demand/Support Zone (75m): 24056 - 24150 (already tested 2 times) Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (75m) for weekly trade: 24607 - 24674 Far Supply/Resistance Zone (15m): 24741 - 24774
NSE:NIFTY
by PriteshPal
#Nifty directions and level for July 26th.Good morning, friends! 🌺🍬 Here are the market directions for July 26th: The global market has a bearish sentiment (based on the Dow Jones). Our local market has a structurally moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, as indicated by the GIFT Nifty, which shows +40 points at 8.00 am. **Nifty:** In the previous session, Nifty closed with a pullback, and today it may continue this trend because GIFT Nifty indicates that. However, if you look at the wave count, every swing has a three-wave count. There are many variations with three-wave structures, but here we can take these two variations for simplicity: 1. **Diagonal Variation:** - In this variation, it shouldn't close the candle above the level of 24,473. If it happens, we can expect a correction. - This means if the market initially declines sharply or, after the gap-up, if it rejects around the level of 24,473, then it may turn into a correction. - However, confirmation is expected from the 38% Fibonacci level breakout in the minor swing. If this happens, we can expect a minimum of 50%, 78%, and 24,175. - If it doesn't break this level, it will continue the moderately bullish sentiment. This is our current variation. 2. **Pullback Continuation:** - In this variation, we could complete the correction to the first three swings from the start of the correction. So, if the gap-up sustains above the level of 24,473, then we can expect pullback continuation with some consolidations. The targets are a minimum of 24,588 to 24,635. This is our alternate variation.
NSE:NIFTY
by Manickamtraders
4
Nifty Intraday Support & Resistance Levels for 25.07.2024On Wednesday, Nifty took support at the 15m Demand zone mentioned in the last post and bounced to 24450 but didn't cross this important resistance. On the lower side, 24200 will play as crucial support. If broken, we might see a further fall in Nifty. As mentioned in the last post (linked in "Related Ideas" below), if 24074.20 (Budget Day low) is not held, the next major support zone is seen at 23667 on the daily chart. Weekly trend (50 SMA) and Daily trend (50 SMA) are still positive. Support Levels: Major Demand/Support Zone (75m): 24056 - 24150 (already tested 2 times) Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (75m) for weekly trade: 24607 - 24674 Far Supply/Resistance Zone (15m): 24741 - 24774 Note: While writing this, GIFTNIFTY is showing 220+ points negative, indicating a potential gap down opening.
NSE:NIFTY
by PriteshPal
#Nifty directions and levels for July 24th.Good morning, friends! 🌺🍬 Here are the market directions for July 24th: The global market has a bearish sentiment (based on the Dow Jones). Our local market, however, maintains a structurally moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as indicated by the Gift Nifty, which shows -60 points at 8 am. Structurally, both Nifty and Bank Nifty are range-bound, so they might continue in this manner today. In the previous session, both Nifty and Bank Nifty experienced significant movements due to the budget announcement but closed with a solid pullback at the end of the day. Structurally, this indicates potential for further continuation. It's important to note that The budget announcement of the previous session may affect the market today, so we should trade cautiously. However, I have analyzed my sentiments for Nifty and Bank Nifty, so let's examine them one by one. Today's sentiments: Nifty: If the gap-down sustains and breaks the 38% Fibonacci level, it may again enter the range market. This is difficult to trade, but my expectation is if it breaks the 38% Fibonacci level, it may reach the 78% with some consolidation. This is our first variation. In this variation, after that correction if it also breaks 78%, the correction may continue further. Alternatively, if the decline finds support around the 38% Fibonacci level, it’s a sign of a bullish bias. We can expect a pullback continuation if it breaks the minor swing high. Until then, it may consolidate between the minor swing high and the 38% Fibonacci level. Note: If the market opens with a gap-up and breaks the minor swing high, the rally will continue. The upside levels remain the same.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 24.07.2024On Tuesday, during a highly volatile budget session trading day, Nifty broke the major daily support zone, making a low of 24074.20 before closing just 30 points down at 24479.05. If yesterday's low is not held, the next major support zone is at 23667 on the daily chart. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near minor support/demand zone (15m): 24278 - 24362 Major support/demand zone (75m): 24056 - 24150 (already tested yesterday) Major support/demand zone (Daily): 23350 - 23667 Resistance Levels: Near supply/resistance zone (75m) for weekly trade: 24607 - 24674 Far supply/resistance zone (15m): 24741 - 24774
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 23 Jul 2024NIFTY Intraday Trade Setup For 23 Jul 2024 Bullish-Above 24600 Invalid-Below 24550 T- 24855 25160 Bearish-Below 24350 Invalid-Above 24400 T- 24048 23800 NIFTY has closed on a flat note today, calmness before Budget move. However it formed spinning top candle in daily TF which is indecision sign. It is going to be a news reactive/driven market tomorrow due to Union Budget announcements. One can avoid trading tomorrow as I personally cant's trade uncertainty. However 24600 and 24350 will be range I will be looking to trade on breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24600 then we will long for the target of 24855 and 25160. For selling we need a 15 Min candle close below 24350. T- 24048 and 23800. 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 Budget day prediction for tomorrow 23 JUN Tomorrow is Budget Day; all of you must be very excited to trade it. Usually, there is not very good price action for such events. The market might take turns from pivotal points marked on the chart. If we look at the chart now: The market is trading at 50 EMA (1H-TF). The market also trades at a 0.5 Fib level. which might provide a good support zone. Support levels: 24500, 200 EMA, 24188, 23985 Resistance levels: 24570, 24820 If we look at the OI data: PCR = 0.90 shows the market has a bullish sentiment. 24500 is Max pain. Lower levels have significantly higher PE writing than CE writing on higher levels, making a bullish market structure. Tomorrow's market moment depends upon the budget announcement. Reason: RSI ~ 40 - 60 shows the market is in a sideways structure. Once Price breaks the range of 50 EMA and 200 EMA, it will decide the direction of the market. PCR = 0.90 indicates market-bullish sentiments. Price> VWAP shows a Bullish market structure. Verdict: Neutral Plan of action: Wait for 15 min candle. Wait for good price action on the 24500 levels, and make your positions accordingly.
NSE:NIFTY
by finnova_