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Nifty Next 50

NIFTYNXT50-NIFTYJR Intraday Prediction Levels for 24 April 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:NIFTYJR
by suraranjanganguli
Axis on a steep decline down to last leg of correctionI had previously posted how certain key stocks are tracing a triangle in Elliott fourth wave. The list is unending....All key stocks including Reliance, HDFC, HDFC Bank, ICICI bank, Kotak and Axis are tracing a triangular pattern. Even, BANKNIFTY, NIFTY and NIFTY NEXT 50 are tracing one. Yet, financial media is super dumb and will not talk about any of this. Some analyst will be talking about NIFTY forming a candle pattern and that is what media will write home about...!! A triangle typically has five legs, four of which have been completed already and the stocks are running the last leg now. Usually, one leg of the triangle is complex and uses up lot of time. In this case, you'll find that wave (c) is so complex and used up most time. In fact, wave (c) was hard to decipher in real-time and quite misleading that I thought it was going to be a different pattern. Triangles imply two things. Firstly, after the wave (e) of triangle completes, the stock or index will rise up insanely, as if it just got freed up from months long shackles (from 16-Feb, to be exact). That's a good opportunity to go long. The next implication is perhaps more ominous. It implies that the previous trend has only one last leg still left. Which brings me to conclude that we will be witnessing the last leg of the bull wave, which started a year ago in Mar'20. The markets will hit the peak in July or Aug (2021) and then we will witness a considerable decline leading to a sideways market for months and months to come. So, it will be a good time to sell off all equity and just trade only options (if you knew how to play a bear market). Do mark my words and check after three or four months.
NSE:AXISBANK
by Yadunath
1