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#Nifty Directions and Levels for May 10th.Good morning, friends! 🌺🍬 Here are the directions for May 10th: The global market maintains a moderately bullish sentiment (based on the Dow Jones), while our local market sentiment indicates a bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +40. Nifty fell drastically yesterday too. The structure suggests the correction could continue further, but GiftNifty indicates a gap-up start. So, how can we interpret this? Simply put, the first variation is that even though the market opens with a gap-up, it won't be sustained. If it happens, then we can expect a minimum of 21882 (DZ). After that, if it takes a sharp pullback, we can expect a minimum of 38% pullback wave. On the other hand, if it doesn't find support there or consolidates, then the correction may continue further. The alternate variation suggests that if the gap-up sustains initially, we could wait for the Fibonacci level 38% breakout. If it breaks, then it may reach the Fibonacci level 61% with minor consolidation. However, if it rejects there(38%), then it may lead to a range market to correction, as the trading market mostly respects the Fibonacci level 38%.
NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Prediction Levels for 10 May 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:NIFTY
by suraranjanganguli
09 May 2024 - The decision to stay Bearish paid off handsomely🐻Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "On a closing basis, N50 finished the day above 22295 at 22302. Ideally, I should change the stance from bearish to neutral, but let me give the benefit of the doubt to the Bears for one more day." If you look at the horizontal lines, it may appear like I drew them today after the Nifty's move. Thankfully many of my readers know pretty well that these lines were drawn way back and somehow the support/resistance levels look magically working. Nifty opened below the 22295 level, closed the gap, and then started falling. The first candle gave the impression that N50 would stay neutral today, but after the 3rd candle, things were looking quite resourceful for the Bears. Even then, I never thought we would fall 345 points today, the max target I had in my mind was to retest the 22051 levels and then settle there. 22051 SR zone is shown in the 2nd blue highlight. From 12.51 to 14.31, N50 spent its time there before breaking down. The next major support was at 21913, but we did not go there thankfully. On the higher timeframe, N50 has made a massive double top, see the black dotted line. If it materializes, it could even be a real shocker to the bulls out there. Just like we discussed this week, if 21913 is getting taken out, the inverse H&S pattern will get negated. I am not really sure how my algos are minting money. The strategy I have is straddles and ideally in trending markets, I should be losing - maybe it has something to do with the unusually high VIX.
NSE:NIFTYShort
by viswaram
Nifty Institutional Levels | Demand & Supply | INTRADAY TRADING Disclaimer:- The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of the individual. We strongly recommend consulting with a qualified financial advisor or professional before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we disclaim any liability for any loss or damage arising from reliance on the information provided. Users are solely responsible for their own investment decisions and actions and off course we are not SEBI registered.
NSE:NIFTY1!
by ReviveTraders
Nifty50 Support And Resistance 10-May-24Please find below simple resistance and support: Resistance: 21915 If crossed up then will see upward move: TGT: Support: 21783 If crossed down then will see downward move: TGT: 21812 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
Nifty levels - May 10, 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 May 9th.Good morning, friends🌺🍬! Here are the directions for May 9th: Still, the global market maintains a moderately bullish sentiment, while our local market sentiment indicates a moderately bearish trend. It might open with a neutral to slightly gap-down start, as suggested by GiftNifty, showing a decrease of -15. Nifty had a solid pullback after the minor correction in the previous session, but it didn't sustain. This structure suggests that even if the market opens with a gap down, if it takes a pullback initially, then we can expect a 50 to 61% Fibonacci level pullback with minor consolidation. This is also applicable in a gap-up situation. Alternatively, if the gap-down breaks the previous bottom, then the correction will likely continue with minor consolidation. Note: one more thing, there is a 38% Fibonacci level support. Structurally, the market may consolidate over there, but it won't sustain. But, if the first stock experiences a sharp rejection, it may turn into a bullish sentiment.
NSE:NIFTY
by Manickamtraders
4
Nifty Support & Resistance Levels for 09.05.2024Nifty ended the day at the same levels as yesterday, at 22302.50. The closest support or demand area lies between 22102 and 22179, while a bit further down, another support zone ranges from 21850 to 21937. On the other hand, the nearest resistance zone is between 22444 and 22494, with a more distant one stretching from 22755 to 22794. Traders will be watching closely to see how Nifty responds to these levels, which could influence market direction for the day.
NSE:NIFTY
by PriteshPal
Nifty Intraday Prediction Levels for 8 May 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:NIFTY
by suraranjanganguli
08 May 2024 - Nifty defends 22295, but not going neutral yetNifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Also in the 63mts TF we did not really break it, if you are a conservative trader, it is a good idea to wait for one full candle to form below 22295." Today the entire action was around the 22295 levels. The open was a gap down and N50 spent time till 11.47 underwater. The 22295 level was broken by 12.07 and we went up 183pts ~ 0.83% from the intraday low to the intraday high. The upside was limited and we started falling. Two RED candles i.e. 13.35 & 13.47 stood out which brought N50 back below water. On a closing basis, N50 finished the day above 22295 at 22302. Ideally, I should change the stance from bearish to neutral, but let me give the benefit of the doubt to the Bears for one more day. We did not get a full candle below 22295 on the higher TF. If we do not break 22295 in tomorrow's session, I may be inclined to change the stance back to neutral. Nifty algos made 15052 INR today. MTM went into losses between 12.22 to 13.00 - but the system recovered well in the later part of the day.
NSE:NIFTYShort
by viswaram
Nifty50 Support And Resistance 9-May-24Please find below simple resistance and support: Resistance: 22369 If crosses up then will see upward move: TGT: 22480 Support: 22246 If crosses down then will see downward move: TGT: 22185 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
NIFTY Intraday Trade Setup For 9 May 2024NIFTY Intraday Trade Setup For 9 May 2024 Bullish-Above 22370 Invalid-Below 22320 T- 22605 Bearish-Below 22170 Invalid-Above 22220 T- 22000 NIFTY has closed on an absolute flat note today. Yesterday we discussed that index has reached 50 EMA and there is a chance of respect. Tomorrow after a flat opening if index sustains today's high then there can be 0.618 % pullback of the recent fall from 22800. Important resistance will be 22610 which will be our long target too. Below 22170 we will short and expectation will be to ride the short trade as per the recent trend. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22370 then we will long for the target of 22605. For selling we need a 15 Min candle close below 22170. T- 22000. 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 - May 09, 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 May 8th."Good morning, friends🤝🍬! Here are the directions for May 8th: There have been no changes in the global market; it's maintaining a moderate bullish sentiment, while our local market sentiment indicates a bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +20. Nifty fell solidly in the previous session; however, the RSI shows divergence, indicating that even if the market declines initially today, it won't be sustained. If it rejects around the immediate support level, then we can expect a sharp pullback. This is the reason behind the first variation. However, if it doesn't find support at the immediate support level or if it consolidates, then the correction will likely continue, and we can try a range breakout entry. The alternate variation suggests that if the market takes a pullback initially, then the Fibonacci level 38% (upside) may act as a strong resistance. If it rejects there, then we can expect a range market. After that, if it breaks the range either upside or downside, we can follow the direction. Here, we also have another variation: if the pullback solidly breaks the Fibonacci level 38% (upside), then it may reach the Fibonacci level 61% with minor consolidation. I explained this in the video; if you have free time, please check it.
NSE:NIFTY
by Manickamtraders