Nifty expiry 27-06-2024No Trade zone between 23860 to 23960.
if it breaks 23960 then we can see 24100 and if it breaks down 23860 then we can see 23680 level
Niftymonthly
Nifty 50 Negative Divergences in Monthly Charts₹₹Nifty 50 making negative divergences in monthly charts. Below 21700 levels nifty will give breakdown after this Trend line from 2020 will act as support but if breakdown of this trend line then big down movement will be seen.
But before this Election Results will be in focus if results come same as market accepting then one bounce from these levels & then we can see profit booking & then movement will be according to charts. If election results are not same as market accepting then big negative for markets.
Let's hope for best & Trade with proper risk management. Thank you
nifty 28th June 2023 (Expiry) ATH and 19030 level?Nifty possibility of short covering and it will break ATH if it sustains above 18888 level. and it can go all the way to 19030 level.
Buy above 18833 level
Sell below 18797 level
nifty 2nd junenifty has long trend line support at 18404 level. if it breaks then more fall possible. if it takes as support then we can see the 18600 level by monday.
Buy above 18570 target 18595, 18646,
sell below 18484 target 18438,18383
Nifty May Expiry ViewNifty is forming rising wedge & Head and shoulder pattern in daily timeframe if nifty daily candle closes below 17810 possibilities of reaching 17000 level.
Nifty 16000 ? - Weekly AnalysisNifty 16000 in October?
Nifty is forming Flag Pattern, any exit of channel lower line we have strong support around 16800 only. Incase if this is compromised and closes below 16800 we can expect further down fall and probably 16000 will be tested in couple of weeks time.
We have Daily Time frame - 100 SMA and 200 EMA Support at this level 16800. If this holds we can see up move else, 16000 will be tested
NIFTY 07 SEPTEMBER 2022Demand & Supply Zones and levels for Nifty 50, Kindly follow the levels for best R:R.
NIFTY Weekly Chart viewIn this chart I want to try plot of Nifty weekly chart. if Nifty break Resistance Zone level Nifty may touched 20000 level. if nifty sustained below 18000 than it may crashed & reached 14200 level.
by
PNJ Investor & Traders
Nifty on major support of trendline - April Month analysisHi guys,
Today's expiry session was very much volatile but one would have managed this volatility if he would have known where are the major supports of trendline in short time frames.
Although today the expiry happened on the major support of Trendline A & B. Both the trendline played as a major support in Nifty. However, If you zoom in it just expired exactly on the trendline. For the past weeks trendline C has also acted as a good resistance and you should keep this in mind once Nifty goes above 15000.
If on the daily time frame, Nifty manages to close below the trendline A & B then we'll see more fall in Nifty to 14000 and below.
Also I have a bearish view in Market as of now as the major bullish trendline is broken. It can go to retest that trendline and then again falls down. So, I am not holding any cash positions for short term, and I will only buy until & Unless trendline C is not broken.
*** Be a Slave of the Chart *** To Be a Profitable TraderHere I have shown Your the Support and Resistance (i.e., Supply and Demand zones) of Nifty 50 of Daily,15 mins and 5 mins.
How Price action works in the supply and deman zones.
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Market Outlook:
I am Bearish on the Market this is what the chart is suggesting .
Take Trades according to the Levels provided in the video.
Dont Jump into a Trade. Watch carefully the Supply and Demand zones then take a Winning Trade.
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My Opinion:
We ended the March expiry and we are entering for April Expiry.
April might be the month for Bears.
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Tomorrow Expectations:
Flat One sided Market. It might be a option eating day tomorrow.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
NIFTY|MonthlyIn December Nifty give breakout of his life time high trend line, for January nifty took support of that trend line and maintain to stay above that line.
NIfty Elliott wave analysis on monthly chart as on 12Nov 2020No change in monthly chart posted on 17oct where minimum target was new high is achieved now.
Nifty elliott wave analysis of Monthly chart as on 17oct 2020In monthly chart wave completed at 6357, wave completed at 2252,
and in wave may be 5th wave is running from 7511.
38% projection of that wave (5) is already achieved but it is below earlier high and 61% is coming at 13598. so wave (5) completion range can be 12428-13598.
NIFTY weekly analysisRefer the chart for monthly expiry of nifty.
Supply zone @ 9285-8415
Supply zone @ 9175-9210
Minor resistance @ 9115
Demand zone @ 8900-8980
Demand zone @ 8760-8830
Major Demand zone @ 8400-8490
Nifty Elliott wave analysis on Monthly chart as on 22may 2020 In monthly chart decline from 12428 can be wave C of irregular correction(Nifty can bounce again for new high in that case) OR it can be impulse wave A(Nifty can decline again for a new low in that case). 6338 is an invalidation point for this wave count.
Nifty: Higher Time Frame Demand and Supply ZonesNifty will face major resistance @ major supply zone @ 9985-10250 on the monthly chart.
On the downside minor demand zone @ 9450-9500 and short turm major demand zone @ 8460-8600 for this month.
NIFTY Monthly - Diffecult to close above It's Major Supply Zone
This month candle is facing resistance @ its major supply zone @ 9275-9460. On the downside, there is a wide range of demand zones @ 7750-8460.
Below 7750-8460 there is a major demand zone @ 6550-6850.
I am not expecting this month's Nifty closing above 9460.
Nifty : A Comparison with GoldHey Guys, How's your Saturday panning out ?! Today we are going to do an analysis which is different from our usual style. Actually we are gonna take Xauusd & Nifty for comparing the market dynamics & to realized how they work in sync. I had this in back of my mind for a while but cudn't post due to other works, so Now its the time.
Take a look at Nifty what you guys see ? The descending triangle which broke to downside. Now Look at the Gold chart, what does it say ?? Similar descending triangle broke to downside retested triangle base and moved back further down breaking initial lows of triangle breakout.
Now, take a look at Nifty again, as Gold did it made the initial low and retested triangle and currently moving further down, yet to break low of initial triangle breakout
Its purely My opinion more than that, a speculation, yes lets call it as speculation. As Gold formed similar pattern we are expecting similar movement in Nifty also as it has repeated 70% of same movements. We can't take trade decisions based on this, but it can be valuable addition to expand our knowledge about Market Dynamics. I have another educated guess on Monthly chart too which I have attached, so you can get Eagle's Eye view, not just birds.
In that monthly Nifty chart again another Market dynamics you can notice clearly which is marked in Grey rectangles, we had previously failed double top which retraces in half-way to bullish, so now also can we expect the same in Nifty ? Moreover if we need any additional factors seek out for newsevents. You guys know, I never analyze on news events but we can speculate. So with Trump winning & uncertain things about his policies, our very own Inflation & Indian markets dependency on Fed interest rate event - it appears like we have dark days ahead. Purely Speculation, so it may or may not happen.
