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Nifty levels - Aug 27, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty Intraday Levels | 26-AUG-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 August 26th.Good morning, friends! 🌞 Here are the directions and levels for August 26th. Market Overview The global market has a bullish sentiment (based on the Dow Jones). Meanwhile, our local market is also maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as the SGX Nifty indicates a positive 60-point move as of 8:00 AM. Both the Nifty and Bank Nifty showed consolidation in the previous session, so we are going to maintain what we observed previously. Let's look at this simply. Nifty > In the previous session, Nifty closed with a consolidation structure. Whenever the market consolidates, there is a high probability that it will follow the prevailing direction. > So, If the gap-up sustains and breaks the consolidation, it could reach a minimum of 24,890, which represents a resistance level. If the market sustains or breaks this level as well, then the rally will likely continue to 24,943. > In this scenario, if the breakout has a solid rally, it won't respect the supply zone (24,943); it will likely only take some consolidation. On the other hand, if the market reaches there gradually, it will act as strong resistance. > Alternatively, if the gap-up doesn't sustain or if the market declines initially, the 38% Fibonacci level will act as support. In this case, after the decline, if it finds support at the 38% level, the bullish bias is likely to continue. However, if it breaks the 38% level, it may fall further to the 50% level or swing low on the downside.
NSE:NIFTY
by Manickamtraders
#Nifty Directions and Levels for August Last Week.Nifty and Bank Nifty Directions and Levels for August Last Week. Global Market Overview In the previous week, global markets experienced a long consolidation. By the end of the week, they closed with a solid green candle (based on the Dow Jones). Structurally, this indicates a positive bias; however, some events are on the horizon. If this support holds, our market will also take a bullish cue. Nifty Despite the market closing positively, there was significant consolidation. Structurally, it is a bullish market, so the upcoming session may see a slight increase. After that, if it encounters resistance around the minor supply zone or the all-time high, it may retrace by a maximum of 23% to 38%. Structurally, it shouldn't break this level. Once it finds support at this level, the rally will likely continue to the level of 25,232, which is our first variation. Alternate Variation: The alternate variation also resembles the current view, but there is a small difference that I will explain: - If the upcoming session takes a negative bias, it could result in a correction of 23% to 38% in the minor swing. After that, if it finds support, it may continue the rally, which looks similar to what I see in the current view. - However, if the correction breaks below the 38% Fibonacci level, it may turn into a correction phase. Why? Because the market is currently consolidating around the 78% Fibonacci level. This is a major resistance level for a ranging market as well as for a zigzag correction (Elliott Wave pattern). Once the market starts to correct from there, it may reach a minimum of 78% in the swing low for the minor swing. This is why I mentioned that.
NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Support & Resistance Levels for 26.08.2024On Friday, Nifty opened with a gap up and remained within a narrow 100-point range throughout the day, closing at 24823.15 with a modest gain of 11 points. Despite breaking above the 75m supply zone, Nifty has closed inside this zone for the third consecutive day. The weekly trend (50 SMA) is positive, while the daily trend (50 SMA) remains sideways. The demand and supply zones remain unchanged from the last post. Support Levels: Near Demand/Support Zone (125m): 24543 - 24605 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 Resistance Levels: Near Supply/Resistance Zone (75m): 24754 - 24835 (current price is inside the zone) Far Supply/Resistance Zone (125m): 24956 - 25031
NSE:NIFTY
by PriteshPalan
Nifty weekly analysis for 28/08/2024.Nifty is stuck in a range and has slowly recovered after a retest. Yet there were no opportunities for option buyers this week. If the market breaks out of the range, there are high chance of a fake out, as it has been rallying for last few days. Small quantities can be traded in a bullish trade. In case of break down, a good profit booking rally can be captured. Major levels :- 24870, 24960, 25050 The supports are nearby and market can reverse after testing the zones. Index seems strong and a double top formation can be seen this week. A bearish positonal trade can be created if there negative candlestick formation is there. Support levels :- 24740, 24600 Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by TheMamboMomentum
Nifty SpotDuring the week from August 19 to August 23, 2024, the Nifty 50 index displayed a steady recovery after a prior downtrend earlier in the month. The index began the week with a bullish momentum and closed on August 23 at 24,823.00 Key drivers behind this recovery included a robust performance from mid-cap and small-cap stocks, as well as contributions from sectors like banking and auto. Despite some cautious sentiments due to global uncertainties and anticipation surrounding Jerome Powell’s Jackson Hole speech, the overall trend remained positive. Key Levels marked. 25100 odd levels likely a hurdle..
NSE:NIFTY
by emraldconsul
Nifty levels - Aug 26, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
#Nifty directions and levels for August 23.Good morning, friends! 🌞 Here are the directions and levels for August 23. Market Overview In the previous session, the global market fell slightly, but structurally it indicates a bullish bias (based on the Dow Jones). Meanwhile, our local market is also maintaining a moderately bullish sentiment. So, today, the market may open with a neutral to slightly gap-down start, as the SGX Nifty indicates a negative 5-point move as of 8:00 AM. We are going to look at what we saw in the previous session because both Nifty and Bank Nifty are maintaining the previous day's sentiment. Let's look at that simply. Nifty > In the previous session, Nifty opened with a gap-up, but by the end of the day, it closed with a consolidation structure. Whenever the market consolidates, there is a 60% probability of following the direction. So, as per this concept, we are taking our first direction based on this. > that's, If the market pulls back initially, it could reach a minimum of 24,890, which is a kind of resistance level. If the market sustains or breaks this level, then the rally will likely continue to the level of 24,943. > On the other hand, if it rejects sharply around the level of 24,890, it may enter a correction phase, with targets of a minimum 38% to 61% correction in the minor swing. > Alternatively, if the market declines initially, then the 38% Fibonacci level will act as support. In this case, after the decline, if it finds support at the 38% level, the bullish bias is likely to continue. However, if it breaks the 38% level, it may fall further to the 50% or swing low on the downside.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 23.08.2024On Thursday, Nifty opened with a gap up and stayed positive throughout the day but couldn't surpass the opening high of 24867.35. Although it initially broke through the 75m supply zone mentioned in the last post, Nifty closed at 24811.50, which is still within the supply zone. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 24722 - 24747 Far Demand/Support Zone (125m): 24543 - 24605 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 Resistance Levels: Near Supply/Resistance Zone (75m): 24754 - 24835 (current price is inside the zone) Far Supply/Resistance Zone (125m): 24956 - 25031
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 23 Aug 2024NIFTY Intraday Trade Setup For 23 Aug 2024 Bullish-Above 24880 Invalid-Below 24830 T- 25055 Bearish-Below 24780 Invalid-Above 24830 T- 24600 NIFTY has closed with slight gain of 0.17% gain today. It was another sideways day with less than 100 points range. Intraday momentum and trend is directionless although it is inching higher on closing basis. In the weekend we discussed possibility of both gap filling in daily TF. Since start of this week index is being pulled to those levels. VIX has to shoot up in order to get a directional trading opportunities in intraday. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24880 then we will long for the target of 25055. For selling we need a 15 Min candle close below 24780. T- 24600. 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 - Aug 23, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
#Nifty directions and level for August 22nd.Good morning, friends! 🌞 Here are the directions and levels for August 22nd. Market Overview The global market is still maintaining a bullish bias. Meanwhile, our local market shows a moderately bullish sentiment. So, today the market may open with a neutral to slightly gap-up start, as the SGX Nifty indicates a positive 45-point move as of 8:00 AM. Nifty and Bank Nifty both have different structures, and their movements are also different. However, structurally, I expect a minor correction. Let’s take a closer look at the charts. Nifty In the previous session, Nifty had a minor pullback, but by the end of the day, it closed positively. Today, it may open with a gap-up due to the GiftNifty indication. after that, If the gap-up doesn't sustain or if it rejects around the 78% Fibonacci level, we can expect a minor swing correction of 23% to 38%. This is our first scenario. In this case, after the rejection, if it finds support at the 38% level, the bullish bias is likely to continue. However, if it breaks the 38% level, it may fall further to the 50% to 61% level on the downside. Alternatively, if the gap-up sustains and breaks the 78% Fibonacci level, the rally will likely continue. The important factor is the breakout structure; if it breaks with solid momentum, we can expect the next target at 24943. However, if it breaks with a grinding move, it won't reach that high.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 22.08.2024On Wednesday, Nifty surpassed the previous day’s high, reaching 24787.95 before closing at 24770.20, which is within the 75m Supply Zone mentioned in the last post. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (125m): 24543 - 24605 Far Demand/Support Zone (30m): 24389 - 24443 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 Resistance Levels: Near Supply/Resistance Zone (75m): 24754 - 24835 (current price is within this zone) Far Supply/Resistance Zone (125m): 24956 - 25031
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 22 Aug 2024NIFTY Intraday Trade Setup For 22 Aug 2024 Bullish-Above 24800 Invalid-Below 24750 T- 25030 Bearish-Below 24650 Invalid-Above 24700 T- 24470 NIFTY has closed on a bullish note with 0.29% today. Since last few days index move's have been contracted to 100 points only. In the weekend we already discussed that index is likely to fill both the gaps in daily TF, one is filled and now on path to fill 2nd one. Once again if index sustains 24800 post 10 o'clock then possibility of 25k will be high. Below 24650 bears will grip or else it will be sideways to bullish day tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24800 then we will long for the target of 25030. For selling we need a 15 Min candle close below 24650. T- 24470. 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