Nifty 1Hr Analysis | Intraday LevelNifty 21950 act as OB we can see upside movment from this level
Note - Only for education purpose
Niftylong
02 Feb ’24 — Nifty50 Breaks out and then Breaks DownNifty Analysis - Stance Neutral ➡️
Recap from yesterday: “Bulls and Bears are reevaluating their army strength and will soon fight it out — we will get a trending move as soon as the balance is tipped. For tomorrow — we wish to start the day with a neutral stance and then re-evaluate based on Nifty’s plans. If we pick a direction, we will definitely update the TV minds section”
4mts chart
Nifty does 2 swings today, the first one to cut through the resistance of 21913 and convincingly reach the ATH levels. And the 2nd swing to breach the same support only to close back in the neutral territory. The moment we broke out from the resistance level - we changed our stance from neutral to bullish. And then as the reversal came in, our stop loss was hit and we had to backtrack our stance to neutral again. The morning part - was totally expected, we were in a 40-day range and then a break was due. But the 2nd half of the day - didn't see that coming. Surprisingly we closed the day with a gain of 156 points ~ 0.72% while BankNifty fell 217 points ~ -0.47%. We still believe, BankNifty is the torch bearer and has to align itself in the same direction as Nifty50 for a strong trend momentum.
63mts chart
There are at least half a dozen candlestick patterns that could be drawn in this chart. We see a strong double top right at the ATHs and today’s top right at the lower channel line which would have acted as a resistance. The buildup from 24th Jan to today is a Double bottom (W) pattern and a small bullish trendline. All of which leads to confusion on what gets the highest priority. We would like to continue with the neutral stance for Monday with a slight advantage to the bullish side.
Nifty View - 14 December 2023Nifty has been stronger than BNF today. Since the trend is bullish, it makes sense to enter this trade.
21700 to 21747 market can be sideways. Above 21747, we can see buyers. Target, if bullish, should be 21762 and 21775-21785.
Below 21700, we can see bearishness. The target should be 21689.
I'm leaning towards bullishness with the multi-day trend - today is a bit tricky as there is no clear intraday trend. I will manage R to R accordingly.
A good entry is between 21710 and 21720.
Nifty Live Intraday Updates for 26-12-23 !!Nifty important levels to watch are as follows
📍 Support: 21325
📊Sell below: 21325 only on 15 minute candle closure below the level.
📉Target 1: 21280
📉Target 2: 21220
📍 Resistance: 21395
📊 Buy Above: 21395 only on 15 minute candle closure Above the level.
📈Target 1: 21440
📈Target 2: 21500
⚡⚡ 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.
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#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 21-12-2023Nifty important levels to watch are as follows
📍 Support: 20980
📊Sell below: 20980 only on 15 minute candle closure below the level.
📉Target 1: 20900
📉Target 2: 20790
📍 Resistance: 21090
📊 Buy Above: 21090 only on 15 minute candle closure Above the level.
📈Target 1: 21160
📈Target 2: 21240
⚡⚡ 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 refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, 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 20-12-23Nifty important levels to watch are as follows
📍 Support: 21430
📊Sell below: 21430 only on 15 minute candle closure below the level.
📉Target 1: 21380
📉Target 2: 21300
📍 Resistance: 20505
📊 Buy Above: 20505 only on 15 minute candle closure Above the level.
📈Target 1: 21550
📈Target 2: 21630
⚡⚡ 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 refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, 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 19-12-23 !!Nifty important levels to watch are as follows
#Support: 21360
Sell below: 21360 only on 15 minute candle closure below the level.
Target 1: 21280
Target 2: 21150
#Resistance: 21455
Buy Above: 21455 only on 15 minute candle closure Above the level.
Target 1: 21500
Target 2: 21570
Target 2: 21700
=> # 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.
=> # 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.
GIFTY Chart Suggest CUP Pattern Breakout on 4h charts.GIFTY Chart Suggest CUP Pattern Breakout on 4h charts.
Uptrend to continue on nifty & upside targets after consolidation comes to 22300+ by mid Feb.
Happy Investing
Nifty Live Intraday Updates For 11-12-23 !Nifty important levels to watch are as follows
#Support: 20930
Sell below: 20930 only on 15 minute candle closure below the level.
Target 1: 20885
Target 2: 20850
Target 3: 20800
#Resistance: 21010
Buy Above: 21010 only on 15 minute candle closure Above the level.
Target 1: 21050
Target 2: 21095
=> # 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.
=> # 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.
Foresee 😶 ?Nifty could possibly hit 19924 on 20th Nov (above marked in the chart )
Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
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.
Giftnifty view for 23/11/2023 evening-
Expected to be in wave 2 correction against rally from the low of 19760 on 22 nov within wave 3 of minute degree and expecting further high in wave 3 as far as it remains above 19760
Giftnifty view for 22/11/2023 evening-
Expected to have completed the correction against the rally from 18842 on 26 oct and is expected to be in wave 1 within wave 3 formation and expects further highs as far as it remains above 19760.
Giftnifty view for today 22/11/2023-
Expected to be in correction against the rally from the low of 18842 on oct 26, we are in wave b within this correction and expecting further high as far as it remains above 19720.
Nifty view for today 22/11/2023-
Expected to be in wave 5 formation and expecting further high to complete wave 5 as far as it remains above 19686.
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 view for tomorrow 20/11/2023- Expected to be in wave 5 formation and expecting a decline in nifty before any further highs to complete wave 5.
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
