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Niftylevels

Nifty levels - Jul 03, 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 July 2nd.Good morning, friends! 🌺🍬 Here are the directions for July 2nd: The global market is still showing a slightly negative sentiment based on the Dow Jones. Our local markets are also showing moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows a increase of 50 points (as of 8:00 AM). Nifty has performed slightly better than Banknifty, and their structures also differ slightly. Let's look at each one by one. Nifty has reached near its all-time high, so it might face rejection there. However, if the market sustains the gap-up, it may go further. Here’s our first scenario: that if the market opens with a gap-up and breaks the previous high, the minor supply zone will act as resistance. If the market consolidates or breaks it, we can expect the rally to continue. Alternatively, if the market rejects at the supply zone or if the gap-up doesn't sustain, we can expect an initial 38% correction. after that If it breaks this level, the correction may continue further. On the other hand, if it doesn't break the 38% Fibonacci level, the market may maintain a bullish bias.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 02.07.2024Nifty maintained its upward momentum on Monday, breaking the small supply/resistance level mentioned in the last post and closing at 24,141.95. Both the weekly and daily trends (50 SMA) are positive. Support Levels: Near Small Support/Demand Zone (15m): 23,985 - 24,012 Near Support/Demand Zone (15m): 23,716 - 23,743 Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754 Major Support/Demand Zone (Daily): 23,350 - 23,667 Resistance Levels: Currently, there is no supply zone seen on the chart.
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 2 Jul 2024NIFTY Intraday Trade Setup For 2 Jul 2024 Bullish-Above 24180 Invalid-Below 24130 T- 24410 Bearish-Below 23980 Invalid-Above 24030 T- 23800 NIFTY has closed on a bullish note with 0.55% gain today. However it was an contraction day as it formed an inside candle in daily TF. It seems like index is going to follow phase of sideways after a parabolic move. In case it does a pullback breakout of 24180 then we will long for the plotted 2.0 PRZ. Bears may take charge below 23980 if sustained. Also in the weekend I said that we will maintain bullish stance till it closes above PDL. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410. For selling we need a 15 Min candle close below 23980. T- 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 prediction for tomorrow 02 JUNEAs we discussed, NIFTY opened sideways and continued in a bullish direction after breaking the trendline, as discussed in the video. If we look at the chart now: The market is trading at the resistance level, where it showed a nice correction last time. Now, the market has made a zone in the range of 23984 - 24154. by the time the market is in the zone, it's going to be volatile sideways. Once it breaks in either direction, it's going to give nice directional momentum. As the market is already stretched, I am expecting the market to consolidate in 1 day or 2, and after that, it might give us good momentum. Support levels: 23984, EMA(50), 23842, and 23692 resistance levels: 24154, 24325 If we look at the OI data: PCR = 1.07 shows the market has bullish sentiment. 24200 seems a good hurdle to the upside; if it breaks, the market is clear to go 24354. 24000 has good PE writing, which is going to provide good support, and 24500 has heavy CE writing, which is going to provide nice resistance. I am expecting the market to consolidate for 1 or 2 days once it breaks the range of 23984 - 24154. it will give a nice momentum. Reason: RSI > 50 shows a mild bullish signal. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 1.07 indicates bulls are continuously increasing their position in the market. price > VWAP shows a Bullish market structure. Verdict: Sideways or Bullish Plan of action: Sell 24100 CE and 24000 PE (Hedge it with 10/- premium)
NSE:NIFTY
by finnova_
Nifty Intraday Levels | 1-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 levels - Jul 02, 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 July 1st.Good morning, friends! 🌺🍬 Here are the directions for July 1st: The global market is showing a slightly negative sentiment based on the Dow Jones. Our local markets are also showing moderately bearish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 20 points (as of 8:00 AM). Nifty had fallen nearly 200 points from the high in the previous session. If you look at the structure, it is showing a slightly range-bound market. At the same time, the GiftNifty is showing a neutral to slightly negative start. So, if the initial market takes a pullback or finds support around the immediate support level (61%), the range-bound market might continue further. Alternatively, if there is a solid decline initially, the correction could continue. If that happens, structurally, the 78% level might act as minor support, meaning the market may consolidate there before further correction.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 01.07.2024Nifty made a new all-time high of 24,174 on Friday but closed 34 points negative due to profit booking. The weekly and daily trends (50 SMA) remain positive. However, the supporting trendline on the 15-minute chart (mentioned in the last post) was broken in the last 30 minutes of trading, indicating potential selling pressure at higher levels in the coming days. Support Levels: Near Small Support/Demand Zone (15m): 23,716 - 23,743 Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754 Major Support/Demand Zone (Daily): 23,350 - 23,667 Resistance Levels: Near Small Supply/Resistance Zone: 24,103 - 24,150
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 1 Jul 2024NIFTY Intraday Trade Setup For 1 Jul 2024 Bullish-Above 24180 Invalid-Below 24130 T- 24410 Bearish-Below 23980 Invalid-Above 24030 T- 23800 NIFTY has closed on a bullish note last week with over 2% gain. It was completely on bulls grip from the start of last week, except Friday. We will maintain bullish view till it closes above PDL. Sentiment will change when it closes below PDL and then is confirmed by bearish price action. In case of a pullback move, it can test 23640 which is 61% retracement of the upmove, less probable. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410. For selling we need a 15 Min candle close below 23980. T- 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 levels - Jul 01, 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 June28th.Good morning, friends! 🌺🍬 Here are the directions for June 28th: The global market is showing a slightly negative sentiment, based on the Dow Jones. Our local markets are showing bullish sentiment. 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 experienced huge volatility in the previous session. Structurally, it has formed an ending diagonal pattern. It's in the 5th wave, so today, if the initial market declines, we can expect a minimum of 78% to swing low correction. However, it must break the minimum 38% Fibonacci level for us to consider it a correction. On the other hand, if it doesn't break the 38% Fibonacci level, it may consolidate a little and break the previous high, extending the diagonal further. This is the basic structure. I used the line chart because the wave patterns are easier to see with it; that's all, nothing apart from that. The alternative scenario suggests that if the gap-up sustains and has a solid structure, the rally could continue further.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 28 Jun 2024NIFTY Intraday Trade Setup For 28 Jun 2024 Bullish-Above 24100 Invalid-Below 24050 T- 24295 Bearish-Below 23900 Invalid-Above 23950 T- 23715 NIFTY has closed on a bold bullish note @ 24044 which is level to celebrate for bulls. Since it has closed above 24k chances of a gap up is very high, in that case 24200 can be resistance. Best intraday trade can be done on bullish side in case of pullback breakout of 24100 as happened today. If this is triggered then we will sit with trailing sl in 5 Min TF, 24295 and 24500 zone as final targets. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 24100 then we will long for the target of 24295 and 24500. For selling we need a 15 Min candle close below 23900. T- 23715. 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
1
Nifty Futures Intraday Levels | 27-JUNE-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 levels - Jun 28, 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
1:5 RR Trade: Sell Nifty below 23877 with SL 24120, Tgt 22670Based on Wave Analysis and the Ichimoku 1-Hour Time Frame, we have a good short opportunity with a very small stop loss. Time: 12:52 PM, June 27th, 2024 Current Market Price: 24,024 Why Short Entry at 23,877? Wave Analysis: Nifty has completed waves 1, 2, 3, 4, and 5. Wave 5 hit 127% today at 23,899 and touched the 24,000 psychological mark. We will have the first sign of confirmation if Nifty drops below 23,898 and sustains this level for 1 hour. It has to go for a correction. We will be wrong if Nifty crosses our stop loss after the entry is triggered. Trendline Breakout: When Nifty breaks 23,877, we will have a trendline breakout, which will be our second confirmation for short positions. Selling call options or selling Nifty futures with a monthly OTM CE hedge is a good option. We will keep updating more in the update section. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYShort
by WaveMoku