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#Nifty directions and levels for July 10th.Good morning, friends! 🌺🍬 Here are the directions for July 10th: There are no significant changes in the global and local markets, both of which are showing a moderately bullish trend. However, today the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 10 points (as of 8:00 AM). Nifty has broken its all-time high once again in the previous session. Structurally, if the market breaks the previous high, then the rally will likely continue. However, breakout structures are important. In the last session, the market moved in a grinding manner, so if the market continues with that same grinding momentum, we can't expect much of a rally. If the market rejects at either 24464 or 24495, it may fall by a minimum of 38 to 61%. On the other hand, if it breaks the previous high with a solid candle structure or consolidates around the immediate resistance level, we can expect a solid rally further. This is our first variation. The alternate variation suggests that if the initial market declines, we can expect a 38 to 61% minor retracement. After that, if it finds support there, we can expect a range market. If it breaks the 61% Fibonacci level, then the correction may continue further.
NSE:NIFTY
by Manickamtraders
3
NIFTY prediction for today 10 July 24As we discussed, NIFTY opened sideways and ended up sideways bullish. If we look at the chart now: The market is trading in an uptrending channel. The market is experiencing minor resistance in the middle of the channel. As the market is trading at an all-time high, if it breaks the middle resistance to the upside, it can give a bullish momentum. There are no horizontal levels as per price action. Please monitor the trendlines drawn on the chart. Support levels: 24350-24400 range-support-zone, support trendline Resistance levels: dotted resistaance trendline, main resistance trendline. If we look at the OI data: PCR = 1.13 shows the market has a bullish sentiment. 24400 will be max pain. On the lower side, have good PE writing at 24300, 24200, and 24000, which will be a nice support point. On the upside, we have good CE writing, but CE writing is significantly lower than CE writing. I am expecting the market to be sideways bullish until it breaks the channel on either side. Reason: RSI = 57 shows a mild bullish signal, but as the market is showing bearish divergence, it might correct itself soon. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 1.13 indicates market bullish sentiments. price > VWAP shows a Bullish market structure. Verdict: Sideways or Bullish Plan of action: wait for 15 min candle. wait for the market to make a direction and make the position accordingly, Note: Don't go for option buying unless the market gives the breakout on either side of the channel.
NSE:NIFTY
by finnova_
2
Nifty Intraday Support & Resistance Levels for 10.07.2024On Tuesday, Nifty broke through the small resistance zone and made a new all-time high of 24,443.60, closing above 24,400 for the first time. The weekly trend (50 SMA) is now overbought, and the daily trend (50 SMA) remains positive. Support Levels: Near Support/Demand Zone (5m): 24,382 - 24,400 Far Support/Demand Zone (5m): 24,204.20 - 24,222.65 Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150 As of now, there is no resistance zone seen on the chart.
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 10 Jul 2024NIFTY Intraday Trade Setup For 10 Jul 2024 Bullish-Above 24450 Invalid- Below 24400 T- 24555 Bearish-Below 24350 Invalid-Above 24400 T- 24230 NIFTY has closed on a bullish note with 0.46% gain today. Last day we discussed that it formed a Pinbar candle in daily TF and expectation was for a bullish move above 24350. We almost gat 90 points move in favor. Tomorrow in case there is a gap down and day ends near day low then bears will take charge in short term. However I have been updating that bullish sentiment will change when it closes below PDL. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24450 then we will long for the target of 24555. For selling we need a 15 Min candle close below 24350. T- 24230. 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 Short Swing Trade 1:3.5 Risk-Reward RatioIchimoku TS KS broke in 15 mins and once it breaks the cloud and price structure, we will get the confirmation. We have shared our higher time frame view earlier today - please check: Entry : 24280 (in case of gap down opening below this level, wait for a small pullback near TS in 5 mins) Stop Loss : 24417 Target : 23770 Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYShort
by WaveMoku
6
NIFTY Prediction for tomorrow 8 Jul 24NIFTY did open gap-down, and then after taking support at support, it gave a nice bullish momentum to the upside. If we look at the chart now: The market is trading in an uptrending channel. It has taken support multiple times and also has taken resistance multiple times. I expect it to break soon. If the market shows bullish momentum to the upside, it will be taking resistance at the resistance trendline, which might then initiate a bearish momentum after that. Support levels: 24182, 23952, and 200-EMA Resistance levels: Red Zone, Resistance trendline. If we look at the OI data: PCR = 1.01 shows the market has a bullish sentiment. 24300 will be max pain. On the lower side, 24200 and 24000 have good PE writing, which will be a nice support point. However, 24400 and 24500 have good CE writing, which is going to provide good resistance. I am expecting the market to give a breakout soon out of this channel. Reason: RSI > 50 shows a mild bullish signal. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 1.01 indicates market bullish sentiments. price > VWAP shows a Bullish market structure. Verdict: Sideways or Bullish Plan of action: Wait for 15 min candle. wait for the market to make a direction and make the position accordingly, Note: Don't go for option buying unless the market gives the breakout.
NSE:NIFTY
by finnova_
2
Nifty Intraday Support & Resistance Levels for 09.07.2024On Monday, Nifty took support at the 15m demand zone (24,204 - 24,244) mentioned in the last post and bounced back to a day high of 24,344.60. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (5m): 24,204.20 - 24,222.65 Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150 Major Support/Demand Zone (Daily): 23,350 - 23,667 In the coming days, the 24,000 - 24,200 range will be the major support in the short term. Resistance Levels: Near Small Supply/Resistance Zone (30m): 24,372 - 24,401
NSE:NIFTY
by PriteshPal
#Nifty directions and levels for July 9th.Good morning, friends! 🌺🍬 Here are the directions for July 9th: There are no significant changes in the global and local markets, both of which are showing a moderately bullish trend. However, today the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 10 points (as of 8:00 AM). Nifty and Banknifty both have a range-bound structure, so today may continue in this manner. Let's check them one by one. For Nifty, there were no big changes in the previous session, and it is still within the range. Today, GiftNifty is showing a neutral start, so if the market declines initially, we can expect it to reach a minimum of 24243 to 24210, both minor support levels. If the market finds support there, we can expect the range to continue. On the other hand, if it breaks below these levels, it may fall further to 24168, which is a 78% retracement. This is our first variation. Alternatively, if the market initially pulls back, we can expect it to reach 24401, 24431, and 24464 with minor consolidation.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 9 Jul 2024NIFTY Intraday Trade Setup For 9 Jul 2024 Bullish-Above 24350 Invalid-Below 24300 T- 24550 Bearish-Below 24230 Invalid-Above 24280 T- 24030 NIFTY has closed on a flat note today, complete rangebound session within 100 points range. It has formed a Pinbar candle in daily TF. Above today's high there can be a good upside move towards 24550 as per 1.618 extension plotted. Since the daily candle is a price rejection candle and represents bullishness, below its low 24230 there can panic selling move towards 24k zone. Sentiment is bullish till it closes above PDL. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 24350 then we will long for the target of 24550. For selling we need a 15 Min candle close below 24230. T- 24030. 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 levels | 8-JULY-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
#Nifty directions and levels for July 8thGood morning, friends! 🌺🍬 Here are the directions for July 8th: The global market has a moderately bullish sentiment on the Dow Jones. Our local markets are showing a moderately bullish sentiment as well. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 30 points (as of 8:00 AM). Nifty had a solid pullback even though it opened with a gap-down. If you look at the structure, it is showing a range market, and GiftNifty also indicates that. So, the first scenario is if the market opens with a gap-down and sustains, we can expect a minimum of 24,266 to the demand zone. Structurally, it may consolidate over there, but by the end of the day, it might fall further. Alternatively, if the initial market takes a pullback, then it may reach a minimum of the swing high at 24,431 and 24,464 with minor consolidations. Here is one more thing, and this is my personal opinion: I think the market might take a range-bound structure until the budget, similar to how the market behaves before election results. This means one day it might take a bullish bias, then another one or two days it may go bearish, and then again it may take a bullish bias. Experts are expecting this pattern.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 08.07.2024On Friday, Nifty opened gap-down but found support at the gap level (24,123 - 24,207) and bounced back to close with a gain of 22 points at 24,323.85. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Small Support/Demand Zone (15m): 24,204 - 24,244 Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150 Major Support/Demand Zone (Daily): 23,350 - 23,667 In the coming days, the 24,000 - 24,200 range will be a major support in the short term. Resistance Levels: Near Small Supply/Resistance Zone (30m): 24,372 - 24,401
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 8 Jul 2024NIFTY Intraday Trade Setup For 8 Jul 2024 Bullish-Above 24410 Invalid-Below 24360 T- 24590 Bearish-Below 24160 Invalid-Above 24210 T- 23985 NIFTY has closed on a slight bullish note with 1.3% gain last week. Its been 22 consecutive sessions, after 4th Jun fall index has been under bull's grip. As said last week we will get a hint of weakness of bulls only when index will close below PDL in daily TF. However we will need more confirmation of price bend which is a bearish price action in daily TF to call it a reversal. 24410 can be a good trigger to another bullish move towards 24590. 24410 and 24160 will be zone to watch out for breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590. For selling we need a 15 Min candle close below 24160. T- 23985. 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 levels and direction for July 5th.Good morning, friends! 🌺🍬 Here are the directions for July 5th: The global market had an oscillation but continues to range based on the Dow Jones. Our local markets are showing a moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 60 points (as of 8:00 AM). Nifty and Bank Nifty both have the same sentiment. They have been moving in consolidation. Let's look at this. Yesterday, Nifty reached a new high but did not sustain it. Structurally, there hasn't been a significant correction, as indicated by the global market trends. Therefore, if the market opens with a gap-down today, it may find support at the immediate support level. If this occurs, the consolidation range is likely to continue. This is our first scenario. On the other hand, if it doesn't find support there or if it consolidates a little around the support, then we can expect the correction to continue.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 05.07.2024Nifty opened gap-up and made a new all-time high of 24,401 but closed flat with just a 15-point gain. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Small Support/Demand Zone (15m): 24,239 - 24,267 Multiple Timeframe Support Zones near Gap Level (24,123 - 24,207): This indicates that 24,000 - 24,200 will be a major support in the short term, and we might see a bounce from these levels. Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150 Support/Demand Zone (15m): 23,985 - 24,912 Major Support/Demand Zone (Daily): 23,350 - 23,667 Resistance Levels: Near Small Supply/Resistance Zone: 24,377 - 24,401 Currently, there is no additional supply zone seen on the chart.
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 5 Jul 2024NIFTY Intraday Trade Setup For 5 Jul 2024 Bullish-Above 24410 Invalid-Below 24360 T- 24590 Bearish-Below 24280 Invalid-Above 24330 T- 24090 NIFTY has closed on a complete flat note today. It opened with 80 points gap up and ended at buy level. Till now we have been closing above PDL, close will PDL will give us a hint that bulls are not much interested. But in terms of trading executions we need bearish price action in daily TF after closing below PDL. Chances of a cool off is high as tomorrow is last session of the week, people may book longs as the whole week was in favor. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590. For selling we need a 15 Min candle close below 24280. T- 24090. 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 Levels | 4-JULY- 2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
#Nifty directions and levels for July 4th.Good morning, friends! 🌺🍬 Here are the directions for July 4th: The global market continues to range based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (as of 8:00 AM). Nifty and Bank Nifty both have the same sentiment. Let's look at this. Once again, Nifty broke its all-time high yesterday, but the market couldn't move that much and moved into consolidation in the previous session. As usual, the consolidation may continue the trend. GiftNifty also indicates that, but the structure suggests that today the market may also take consolidation even if it opens with a gap-up. This is our first variation: That's if the market rejects around the immediate resistance or if the gap-up doesn't sustain, then we can expect a 23% to 38% retracement in the minor swing. After that, if it finds support at either the 23% or 38% levels, then we can expect consolidation followed by a rally continuation. A correction will occur only if it breaks the 38% Fibonacci level. If it breaks, we can expect the next targets to be 50% and 78%.
NSE:NIFTY
by Manickamtraders
3