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Niftylevels

NIFTY - 25000 coming soon?Overview & Observation: 1. Channel breakout after a long consolidation. 2. Volumes are not looking great. 3. Bounced from 200 DEMA. Trade Plan: 1. RRR is unfavourable. 2. A risky long position can be planned with a 5% SL and 7% target. 3. Stop Loss below 50 DEMA on closing basis. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:NIFTYLong
by SuperNova396
#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 PriteshPalan
#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 THE WEEK STARTING 29TH JULY 2024.Last week on the daily time frame nifty gave a long bearish engulfing candle after which the follow up candle did not close below 24300 and nifty reversed. In one hour time frame Nifty closed above 24520 and turned bullish and closed near All time high. For Monday Nifty is Bullish above 24870 or may become short term bearish if one hour candle closes below 24700. For the Week. Nifty is bullish in the short term and may see some correction during the week .If Nifty closes below 24300 then we may change our view. Keep booking profits at regular intervals. Trade wisely and safely. Ramakrishnan I am not a SEBI registered analyst.
NSE:NIFTY
by ramkkyy
Nifty levels - Jul 29, 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 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 MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:NIFTY
by YASHSINCE1995
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 PriteshPalan
#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 Trade Setup For 26 Jul 2024NIFTY Intraday Trade Setup For 26 Jul 2024 Bullish-Above 24470 Invalid-Below 24420 T- 24685 Bearish-Below 24210 Invalid-Above 24260 T- 24012 NIFTY has closed on a flat note today after a big gap down. It opened directly below sell level however no candle closed below that. 10 o'clock range was to be used as per trade setup. Range broke upside above 24305 and gave a one way move till 24425, risk (last swing low) was around 30 points. If market opens flat tomorrow then we may see continuation of the bullish move above today's high. 24685 will be target as per plotted ABCD. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24465 then we will long for the target of 24685. For selling we need a 15 Min candle close below 24200. T- 24k. 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 - Jul 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