Nifty Intraday Prediction Levels for 5 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/ Line or break down and close below the Support zone/ Line. These levels act as support and...
During the previous upmove, Nifty left a lot of gaps on the downside. All of those gaps, as shown in the chart, have now been filled. Nifty has a high chance of bouncing back from here. Markets are extremely oversold, abandon your bearish bias atleast until you see a corrective move on the upside
Nifty 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...
Please note that I am not a SEBI registered research analyst, and this analysis is not intended to be construed as a buy or sell recommendation . As of 05th December 2023, NIFTY50 appears to have found support around the 18850 level and has been exhibiting a bullish trend, currently trading near 20800 . Based on my analysis, there is a possibility of a minor...
BnF is forming an inverted head and shoulder pattern. It can give a good move if we see a strong breakout which will induce short covering. Targets can be retest of Previous ATH. Wait for a breakout, don't make inconclusive entries
"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20. Regarding yesterday's structure, despite a significant increase during the last...
NIFTY Intraday Trade Setup For 05 Dec 2023 Bullish-Above 20710 Invalid-Below 20660 T- 20862 21020 Bearish-Below 20580 Invalid-Above 20630 T- 20419 20258 NIFTY has closed on a bold bullish note with 2% gain today. Our swing long position just blasted today. We planned a bullish swing trade above 19880 on 27 Nov which was triggered on 28 Nov. It has given more...
As we discussed in the last analysis, nifty has moved to a bull target. Now, it's trading at its all-time high. Can it go further high? Option OI data shows it's heavy bullish. Bulls have made heavy PE writing on 20600 and 20500. on the upside, bears don't have much of a position. It seems either it can go upside down or it might go sideways. There is no Bear side...
Nifty Analysis Recap from yesterday: “I would like to see this as a breakout with a new higher high in the cards. For this to happen, BankNifty has to reclaim its ATH” 5mts chart link - click here For those long on Friday, it would have been a dream come true. 347pts gap-up open followed by a steady and healthy rally. We ended up gaining 418pts ~ 2.07% today....
Nifty Intraday Prediction Levels for 4 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They 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. You have to trade according to level breakout or...
Nifty 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...
structurally, we can anticipate a rally continuation if it breaks today's high. We can expect a correction only if it breaks the 38% level. In the meantime, the market might undergo some consolidation."
- As you can see that, Nifty has broken ATH - Market Sentiment and Technical Indicators are positive - Momentum is Positive and Trend has strength However, DO NOT EXPECT a straight Move towards 22K / 23K - Nifty must consolidate for few weeks which will serve as a Base for Next Up Move - Weekly Highs will act as a Resistance - MACD to regain the Bullish...
NIFTY Intraday Trade Setup For 04 Dec 2023 Bullish-Above 20300 Invalid-Below 20250 T- 20420 20531 Bearish-Below 20200 Invalid-Below 20250 T- 20088 19970 NIFTY has closed on a bold bullish note last week with 2.39% gain. We planned our buy trade above 19880 on daily swing breakout for a fresh ATH. A fresh ATH is done with a very good momentum and now we will...
Nifty Analysis Recap from yesterday: “On the 1hr TF, 20015 was today’s stop and reversal level. The hourly candle seemed pretty strong, but some credibility has to be given to this new support level. I wish to continue with my bullish stance, the upper target will be the ATH and the lower target will be the new support of 20015.” 5mts chart link - click here It...
Nifty Intraday Prediction Levels for 1 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Major Resistances- 20190,20240,20265,20290,20340,20390,20440,… Major...
Nifty 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...
"Good morning, friends🌺! As of December 1st, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up, considering the GiftNifty value at +70. After that, if the market sustains the gap up or consolidates, then we can expect a rally continuation. On...