Nifty Live Intraday updates for 24-11-2023Nifty important levels to watch are as follows
#Support: 19785
Sell below: 19785 only on 15 minute candle closure below the level.
Target 1: 19730
Target 2: 19640
#Resistance: 19835
Buy Above: 19835 only on 15 minute candle closure Above the level.
Target 1: 19880
Target 2: 19930
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Niftylong
NIFTY sideways prediction 22 NOV As we discussed yesterday, NIFTY is neutral. It was range-bound sideways with high volatility candles. Nifty seems to be mildly bullish for tomorrow. All important levels have been marked on the chart.
Reasons:
RSI is 40-60 mostly sideways.
19825 will be a good resistance and and 19670 will be acting as good support.
PCR = 0.89 (MIld Bullish)
Verdict:
Sideways
Plan of action:
Go with Short Straddle and cut off the leg if it breaks any side.
Nifty Live Intraday Updates for 21-11-2023Nifty important levels to watch are as follows
#Support: 19750
Sell below: 19750 only on 15 minute candle closure below the level.
Target 1: 19720
Target 2: 19680
#Resistance: 19800
Buy Above: 19800 only on 15 minute candle closure Above the level.
Target 1: 19830
Target 2: 19880
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#Nifty directions and levels for NOV 21"Good morning, friends! As of November 21st, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up, or a neutral start, as the GiftNifty indicates a value of +60. There is no significant difference compared to the last session. Structurally, we can expect a range-bound market, either if it undergoes a pullback or if the gap-up doesn't sustain. In my personal opinion, we should wait for confirmation at the immediate support or resistance levels before expecting the next move."
NIFTY prediction for 21st Nov NIFTY is neutral for now as it is roaming in the range of 19600-19800.
19800 is showing lots of OI, which will be acting as resistance. On the downside, 19600 will be acting as a support zone.
If the 19800 level breaks, then after retesting, you can easily go long Unless you keep a neutral trade of rangebound 19600-19800.
Reasons:
19617 is a Good price action support.
50 EMA also will be providing a nice support.
If that level breaks, the next strong support point will be 19500.
200 EMA downside at 19500 will be acting a strong support, also backed by price action support.
RSI Bullish Divergence and value is 40-60, usually sideways.
PCR = 0.73 (Neutral) with MAX PAIN = 19700.
Verdict:
Neutral Sideways unless it breaks to the upside.
Plan of action:
IRON Condor for 19600-19800.
Nifty Live Intraday Updates for 16-11-23 !!Nifty important levels to watch are as follows
#Support: 19610
Sell below: 19610 only on 15 minute candle closure below the level.
Target 1: 19560
Target 2: 19485
#Resistance: 19680
Buy Above: 19680 only on 15 minute candle closure Above the level.
Target 1: 19745
Target 2: 19820
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NIFTY Analysis for 17 NovAs we discussed yesterday Nifty gave a nice bull move after the breakout. but in last 30 min it faced a heavy selling from the marked supply zone. Because selling was with good volume that shows the bulls weekness. and also RSI diversion was there. today it seems to be in range bound.
Reasons:
Heavy selling with good volume in last 30 min.
PCR = 1.01 (Bullish), MAX Pain 19750
RSI diversion (Bearish)
Price >> EMA 200 (Has to come back) (Bearish)
Verdict:
Sideways Range bound
Plan:
Observe the 15 min candle and go only for selling options.
will update soon
Is NIFTY Bull Breakout Successful?As we discussed yesterday, NIFTY didn't go bearish. Instead, it gaped up. Once we saw the gap, the idea was updated to wait. But now NIFTY has given a trendline breakout, as can be seen on the chart. So NIFTY might be in the Bull's favor now.
Reason:
PCR = 1.16 (Strong Bullish)
RSI Diversion it might require some consolidation of a re-test.
Target to bull side 19800. but as its expiry tomorrow might result in sideways.
Price > EMAs (Bullish)
Option chain Bullish
Verdict:
Bullish
Plain of action:
observe 15 min trend if its bullish then go bullish.
Nifty Live Intraday Updates for 15-11-23 !Nifty important levels to watch are as follows
#Support: 19580
Sell below: 19580 only on 15 minute candle closure below the level.
Target 1: 19540
Target 2: 19460
#Resistance: 19655
Buy Above: 19655 only on 15 minute candle closure Above the level.
Target 1: 19700
Target 2: 19770
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 09-11-2023Nifty important levels to watch are as follows
#Support: 19395
Sell below: 19395 only on 15 minute candle closure below the level.
Target 1: 19350
Target 2: 19300-19280
#Resistance: 19460
Buy Above: 19460 only on 15 minute candle closure Above the level.
Target 1: 19510
Target 2: 19580
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 06-11-2023 !Nifty important levels to watch are as follows
#Support: 19310
Sell below: 19310 only on 15 minute candle closure below the level.
Target 1: 19270
Target 2: 19220
#Resistance: 19360
Buy Above: 19360 only on 15 minute candle closure Above the level.
Target 1: 19390-19400
Target 2: 19440
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
6th Nov ’23 - Show of strength today - Nifty PostMortemNifty Analysis
Recap from yesterday: “On the 1hr TF, Nifty has made an odd-looking W pattern, technically its a bullish sign but we need confirmation of the same by taking out the 19310 resistance soon.”
A look at the chart will make you a believer in technical analysis. We required a gap-up to go past the 19310 because bulls could not win over the bears during trading hours - you could see that on the 2nd and 3rd Nov - read here. Once you have a gap-up, the dynamics change and the bears cede control quickly.
We tested the 19310 support twice, the 1st candle as well as the 11.05 candle. Since it was a rejection - the only way Nifty could go was up. Once BankNifty also started participating, the pace picked up by the afternoon. We did not test the next resistance of 19446 - maybe we will have another gap-up tomorrow at those levels.
This is not the first time Nifty has jumped levels via gap-ups. It has become highly predictable these days. When the big boys do a gap-up, the poor retail trader will have to run for cover. A short covering will further fuel the fire. For tomorrow, I wish to maintain the bullish stance with the first target of 19446 and then 19576. If we are going down, the first level to watch will be 19310.
3rd Nov ’23 - The gap-up gave the trend change indication NiftyNifty Analysis
Recap from yesterday: “The levels have not changed from yesterday, the first resistance is at 19226 and the 2nd one is at 19310. I am staying neutral till 19226 is not taken out, seems like it could be even done in the forenoon session.”
The gap-up took out my resistance of 19226 and was forced to go long. I was eagerly waiting for the 19310 to get broken so that the bullish momentum was done and cemented. This did not happen as Nifty was out of steam by 11.00.
The 14.30 to 14.50 price action looked scary though, assuming the FIIs would have offloaded their selling positions in this window.
On the 1hr TF, Nifty has made an odd-looking W pattern, technically its a bullish sign but we need confirmation of the same by taking out the 19310 resistance soon. These bullish price moves could be highly shortlived as well because its just a reaction of market participants to the FED’s announcement yesterday.
Just for reference, I have pasted the SPX chart herewith. Could this relief rally be just another lower high in the making? When the global macros are that bad and the earnings are weak, there is every possibility for the bear run to continue. So if you are a bull, enjoy till it lasts.
Bullish Harmonics In Nifty Be CarefullBullish Harmonics
1. Bullish Cypher - PRZ - 18951
2. Bullish Shark - PRZ - 18818
SL - 18666 ( Day Closing Basis )
Bullish Cypher Target - 19450 / 19600
Bullish Shark Target - 19375 / 19550
3. Bullish Alt Shark - PRZ - 18493
SL - 18300 ( Day Closing Basis )
Target - 19174 / 19385
Nifty Live Intraday Updates for 03-11-23 !Nifty important levels to watch are as follows
#Support: 19235
Sell below: 19235 only on 15 minute candle closure below the level.
Target 1: 19175
Target 2: 19110
#Resistance: 19265
Buy Above: 19265 only on 15 minute candle closure Above the level.
Target 1: 19300
Target 2: 19345
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.