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Nifty50 Support And Resistance 7-Jun-24 Please find below simple resistance and support: 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 - Jun 07, 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 Support & Resistance Levels for 06.06.2024Nifty gained more than 3% yesterday and closed near the 15-minute resistance zone mentioned in the last post. If it breaks above 22,900, we might see selling pressure at the daily resistance zone starting at 23,062. Support Levels: Intraday Support Zone (15m): 21,944 - 22,076 Near Support (Daily): 21,137 - 21,459 (remains the same) Far Support (Daily): 20,769 - 20,950 Resistance Levels: Intraday Resistance Zone (15m): 22,643 - 22,881 Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70
NSE:NIFTY
by PriteshPalan
05 Jun 2024 - Nifty50 Reversal or 61.8% Fibonacci retracement?No, I am not denying the credit to Nifty50 to have rallied 735pts ~ 3.36% to have a beautiful green today. I just drew the Fibonacci levels from the peak point of 3rd June and the bottom-most level of Jun 04 - the results are in front of you. 23.6% levels @ 21796 had some action 38.2% levels @ 22091 (quite near my 22051 SR level) had a stronger action 50% levels @ 22329 (quite near my 22295 levels) also had significant touchpoints 61.8% levels @ 22567 (quite near my 22519 levels) is where we closed today I would not prefer to change my stance to bullish yet. The best I could think of is to go neutral and see how these levels are holding up for the next 1 week. The resistance of 22781 may be the game changer according to me. And honestly, we are back at the levels just before the exit poll results. 3 violent moves would have shaken out a sizeable crowd of traders. It takes courage to even hang-on.
NSE:NIFTY
by viswaram
NIFTY Prediction for tomorrow 6 Jun 24NIFTY gave a really big bullish moment today. It's still an effect, and the market boomed 700+ points. If we look at the chart now: The market gave really big momentum to the upside. The market is trading above EMA, which shows that the market is really bullish right now. There is also a bullish EMA(13, 50) crossover, which indicates that the market is in a bullish phase now. Support levels: 22246, 21850, and 21293 resistance levels: 22640, 22832, 23151 If we look at the OI data: PCR = 0.61, which has increased from 0.53, shows a bullish sign in the market. There is no such max-pain Market that is clearly bullish. There is only good CE writing at 23000, which is going to provide a huge resistance. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1 : Sideways in range of 22253-22640 Case 2 : On either side, it breaks to either side's trade accordingly. Reason: RSI > 60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullishmarket structure. PCR = 0.63 has risen from 0.53 and shows signs of bullishness. Price > VWAP shows a Bullish market structure. Verdict: Sideways in range of 22253-22640. and Volatile on either side, it breaks. Plan of action: Case 1 : Sideways: Sell 22250 PE & 22650 CE (Hedge it with 20/- premium options) Case 2 : Exit the opposite position on either side. It breaks.
NSE:NIFTY
by finnova_
Nifty levels - Jun 06, 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
Way forward in Nifty next 3-4 weeks1. Yesterday, Later half of the market, price pull back happened from 200 ema, but the end cosing is quite uncertain 2. Blue highlighted area represents stong support 21500-21900 Price opening or closed below this area could unfold another 1000 point dowanward possibility. 3. What can happen, A. Sidways moment on this support area, untill we get clear picture current political situation B. High probability of downfalls, since the mandate is unacceptable. Seller will get aggressive on every rise. Volatility will increase 4. What should be done, Limit your stock positions for at least next 3-4 weeks. Ideally fresh position shouldn't be taken untill the price close above 22400.
NSE:NIFTY
by OK_Rane
Nifty Support & Resistance Levels for 05.06.2024Huge selling was witnessed yesterday due to election results that did not align with exit polls. A big red candle on the daily chart broke almost all near supports of the last four months, breaking the channel and taking support at the daily demand zone of 21,137 - 21,459. Support Levels: Near Small Support (Daily): 21,137 - 21,459 Far Support (Daily): 20,769 - 20,950 Gap Zone Support (Daily): 20,267 - 20,508 (if further fall occurs) Resistance Levels: Intraday Resistance Zone (15m): 22,643 - 22,881 Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70
NSE:NIFTY
by PriteshPalan
04 Jun 2024- Nifty almost hit the lower circuit ~ 10% intradayWhat a strange day it has been, the moment the market participants realized that BJP will not get a simple majority - we started falling. That realization came in the opening minutes and did not give me ample time to prepare. Honestly, I did not expect such a move today. I really thought we would have the reaction on Wednesday instead. I was not really ready with my short position and to be frank, I lost almost 5 lakhs as opportunity cost today. Nifty ended up negating the last 172 days of upmove, in the single daily candle of today. It is like watching your building collapse, something that you took 6 months to build. Interestingly the reversal came at the 200 EMA and not at 21491. If you notice my chart, I do not have a support/resistance level between 21491 and 19855 - if we break that tomorrow, it is going to be a free-fall. Stance updated to bearish till proven wrong. Current, NDA 291, INDIA 234, Others 18.
NSE:NIFTYShort
by viswaram
Nifty levels - Jun 05, 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
03 Jun 2024 - Exit poll results takes Nifty50 to all new highsNo technical analyst could have predicted what would happen today, yes most of them would have guessed it right. The analysis that really stood out Friday was when one of the analysts posted the screenshots of Adani group stocks and mentioned - see the exit poll results before the actual exit polls. Honestly, it could have gone either way. If the exit polls predicted less than 270 seats, then we would have fallen 800pts easily. Luckily, things went up and the majority of the crowd were happy (most of them were long only). Our stance is revised to bullish, if we start falling then 23089 would be the first support.
NSE:NIFTYLong
by viswaram
Nifty levels - Jun 04, 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 For 3 May 2024| Loksabha Trading ViewNIFTY Intraday Trade Setup For 3 May 2024 Bullish-Above 22660 Invalid-Below 22600 T- 22120 23417 NIFTY has closed on a bearish note last week with 1.86% last cut. Since the coming week is very due to Loksabha election results. As per the exit polls market looks all set for a fresh ATH. Directional move will be seen on Monday in the upside and there can be IV crush on Tuesday and the next day also then again a rally is very much possible. So it looks safe to sell non-directional only after news is out i.e result day. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22660 then we will long for the target of 23120 and 23417. Chances of a big gap up is high, so one can trade on 10 o'clock range breakout for a precise entry with risk calculated with previous swing after breakout. 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