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NIFTY 50 FUT | 30 OCT 23AS WE CAN SEE THAT NIFTY HAS TAKEN GOOD SUPPORT @18850, REMEBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 30 OCT,23 BELOW FOR NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 19200 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 19266 - R2: 19333 - R3: 19388 SHORT PLAN >>>>> 🐻 - 19070 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL) - S1: 18999 - S2: 18933 - S3: 18866 PLEASE FOLLOW FOR MORE REGULAR UPDATES. QUOTE FOR THE DAY : “You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.” 🚀🚀🚀🚀 – By Peter Lynch 📌📌📌📌📌 Disclaimer - I am not SEBI Registered Research Analyst or Investment Advisor. All Information provided above are just for Education purpose only . They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investments.
NSE:NIFTY1!
by Omkar9992
Nifty50 monthly expiry trading levels (26/10/23).Nifty has continued the fall closing 160 points lower and breaking the major support level of 19250. It has formed another red candle which shows the sellers participation. On the hourly charts, the market consolidated in the initail hour following a 150 point fall instantly below the support levels. Now the market trend is good for a bearish traders and option buyer. There are chance of market being in a short term bear trend. Sell on rise market is there. Option buyers are now going to go green as there will be 50-70 points move in the market for few day. Support :- 19000, 18880 Resistance :- 19250, 19330 Break down of the major support level gave good movement and almost hit our targets. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY 50 _FUT | 25 OCT, 23AS WE CAN SEE THAT THE MARKET IS IN A DOWNTREND, ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 25 OCT,23 BELOW FOR NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 19322 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 19377 - R2: 19444 - R3: 19499 SHORT PLAN >>>>> 🐻 - 19199 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL) - S1: 19133 - S2: 19066 - S3: 18999 PLEASE FOLLOW FOR MORE REGULAR UPDATES. QUOTE FOR THE DAY : “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” 🚀🚀🚀🚀 -Mark"Douglas 📌📌📌📌📌 Disclaimer - I am not SEBI Registered Research Analyst or Investment Advisor. All Information provided above are just for Education purpose only . They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investments.
NSE:NIFTY1!
by Omkar9992
Nifty daily analysis for 25/10/23.Nifty has given a nice fall on the daily charts and took support from the major support range of 19230-250. There is a nice bearish candle on the daily chart and market is trading below the 20 ema. Chances are of market testing the 200 ema. On the hourly charts, there was a consolidation in the first half of the market and in the second half the market fell of more than 130 points. Now there is a bearish trend for a short term. If the market continue to fall and starts trading below the 19200 levels then it will test 19000 and 18850. Support :- 19230, 19000 Resistance :- 19420, 19500 The market can go trending as it is approaching the monthly expiry. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty weekly analysis for 19/10/23.Today there was a nice fall in the indian markets and nifty has given closed 140 points lower forming a nice bearish candle. It has closed below the 20 ema which is round 19700 level. There are chance of nifty holding the market as there was less fall in the index as compare to banknifty. On the hourly charts, it has closed below both the moving averages and there are high chances of market following the fall. There is also a bearish moving averages cross over, on smaller time frame, which also show there can be a fall in coming days. RSI indicator is showing some bearish divergence on the higher intraday time frame. Watch for option premiums as tomorrow is the weekly expiry. Only one more week will be left in the october month. Support :- 19580, 19480-500 Resistance :- 19720, 19780 Market were in the consolidation phase and after few days it has given a nice trending move. If the global sentiment also align with today's move, there are high chance of market testing 18900 levels soon. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty weekly analysis for 16/10/23.Nifty on the weeekly charyts has given a nice bullish candle and has closed around 100 points higher. After the gap up opening on Monday due to the international news it recovered and took support from 50% fibonacci level. It is holding the higher levels but is still trading below the major resistance level of 19900. On the daily charts, there are gap up and gap down and nifty has closed above the 20 ema. No clear view is there in the market. Less option buying opportunities are there. Last 2-3 weeks has been for option seller as it is trading in a range. The markets have consolidated and a break out/down can be seen with a proper follow through in the markets. On the hourly charts, it took support around the 200 ema and closed between both the moving averages. Nifty consolidated for 2 days in a range and took the opportunity as it opened gap down. Major Support :- 19250-300 Resistance :- 19840-900 For intraday trading levels. Support :- 19730, 19670, 19580 Resistance :- 19780, 19840 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 13/10/23.What a weekly expiry this has been? Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower. On the hourly charts, the market remained in the first hour candle and closed above both the moving averages. Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer. On 15 minutes charts, it traded around the 20 ema and closed just below the levels. Support :- 19770, 19720 Resistance :- 19840, 19900 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty weekly analysis for 09/10/23.Nifty on the weekly time frame has fromed a dragon fly doji after retesting the 20 ema. There is a gap up opening after tested 19350 levels and has closed around the 20 ema on the daily charts. On the hourly charts, the market has closed around the 200 ema. Though, the markets are opening gap up but there is no follow through in the direction. Nifty last week has been froming a consolidation phase after gap up or gap down opening and trading in a narrow range. It has retraced to 19300 levels andi is now standing around 3802% fibonacci levels. For a bullish momentum to continue, it should cross and sustain above the 19900 levels. Other wise market will ramain volatile. Major trend levels are 19900 and 19250. Bullish or bearish trade can be trailed once the market starts trading above or below the levels. Support :- 19560, 19500, 19350 Resistance :- 19730, 19850, 19900 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 06/10/23.The market are in a volatile mood and after an initial move it is holding on the levels creating less opportunities for option buyers. This week's expiry remained volatile and on the daily charts, nifty is trading below the 20 ema. It has formed a doji candle after a gap up opening. On the hourly charts, market has remained in a range and consolidated in a 100 points range. Though, the market has closed 110 points higher but there was no trading opportunity today. Consolidation phase is still on for the markets and a trend move is still awaited. If nifty starts trading above 19750 or below 19250 there will be a trending market else market will remain volatile and killing the profits of option buyers. On 15 minute charts, market traded between both the moving averages and closed taking the support of 20 ema. Support :- 19500, 19350 Resistance :- 19560, 19730 Markets are giving gap up and gap down on the crucial levels and are not contining with a trend move. A follow through of any side is required in the market to form a mindset of the trend. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
4th Oct ’23 - Super recovery in last 90mts - Nifty PostMortemNifty Analysis Recap from yesterday: “The orange support and resistance lines remain the same, the bottom one is @ 19446, top one at 19776. We just completed an M pattern (double top) on the 1hr TF. For tomorrow I continue to remain bearish with the support getting broken in the opening 1hr. Ideally, we should retest the 19310 support if not break it.” The opening 5mts was quite powerful, quite similar to the one we had yesterday. Interestingly it took out our first support of 19446. We had a follow-through and even hit the low of 19333 but we did not retest nor break the 19310 level. The main reason for that is the counter move on HDFCBK - which spoiled the party for the bears. Our markets are not alone wherein 2 or 3 stocks can dictate the terms - such is their weightage. Just because of this, the VIX stopped surging and all of a sudden the fallen stocks started getting back on their feet to cover up the lost ground. When news flows - the technical analysis stops working. We will discuss on HDFCBK in the Banknifty expiry section below. On the 1hr TF, Nifty complied with the double top pattern and showed its vulnerability by breaking the support line. The next support level of 19310 fell short by just 0.1%. If the current momentum holds - then it should be tested and taken out by tomorrow. We also have the expiry tomorrow - which may bring in some added uncertainties.
NSE:NIFTYShort
by viswaram
26 Sep ’23 Post Mortem on Nifty - Neutral with a bearish tintNifty Analysis Recap from yesterday: ”I wish to change my stance to neutral as long as we remain between these 2 orange lines. Personally I prefer if Nifty breaks down and retests the August lows by this Thursday.”. The prediction came out exactly true, but the trading results today were not satisfactory. Nifty stayed in a very tight range today with no indication of a breakdown. I assume most traders were looking out for bullish opportunities, the swift move from 11.30 to 13.00 yesterday would have given some hope to the bulls. As soon as the markets opened this bullish case was not that strong, so I was looking out for moderately bearish to range bound trade possibilities. Since it was the FinNifty expiry today, I committed the margin to a few OTMs of that index. When the opportunity came, I was unable to exit and take positions in Nifty. The opportunity did not last that long because markets were range bound. On the 1hr chart we are almost at the centre point of the orange lines (support and resistance) i.e. 19562 and 19786. Nifty has to either fall below or rise above one of these lines to make the big move. Personally I prefer if it breaks the support and falls to the 19470 levels by tomorrow. As long as Nifty does not do that - I wish to maintain my neutral stance.
NSE:NIFTY
by viswaram
18 Sep ’23 Post Mortem on Nifty - short below 20070Nifty Analysis Recap from yesterday: “For Monday I wish to maintain the same 50% neutral 50% bullish stance. And wish to go short if 20100 level is getting taken out.” . Nifty was not neutral today, had a negative bias, but did not fall below 20100 to go short. On Friday SPX closed -1.22% down sending a strong negative message, but it seems like our markets were not afraid. The pre-open today showed a -0.23% probable open - but the real open was just 0.04% down. The first candle swung to a low of 20121 which was respected till 15.15. Just imagine - a market that doesnt get bothered by what is happening globally. Even though over-valued, over-extended rally - still no fear of a fall or correction. There is something special about Indian stock markets. I was almost out of words for this tweet - not just small and midcaps but even the large caps are overbought. On the 1hr TF, I will be quite happy if this turns out to be the new top formation. Since the 20100 level was not taken out today, I was not able to take new short positions. We have a holiday tomorrow, but when we resume on Wednesday - I would really prefer if 20070 is taken out, till then I would prefer to stay neutral.
NSE:NIFTY
by viswaram
Nifty weekly analysis for 18/09/23.Nifty has given a nice marubozu candle on the weekly time frame with a good volumes. On the daily time frame, there is a RSI divergence and there is a good volume on the closing day. There was a gap up opening and it consolidated whole day taking resistance from 20200 levels and closed 89 points higher. On the hourly time frame, the market is still sustaining itself above the moving averages and took good support around 20150 levels. Nifty took support from the 20 ema, 15 minute charts, and has closed near the levels. The two closing candle are showing good volume and creating confusion as they have closed in red. Support :- 20140, 20110, 20060 Resistance :- 20200, 20310 The market are on the top and are stretched enought to give a retracement. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 15/09/23.Nifty consolidated on the weekly expiry after a movement in the opening hours. A doji candle has been formed on the ATH and after a nice upmove there will be a retracement or side ways market. It has closed around 20100 levels and there were no opportunities in the second half of the trading session. On the hourly charts, nifty tried to test the 20 ema but reversed before testing it. It traded in a range on 60-70 poinnts in the second half. The markets are losing strenght as there is a RSI divergence on the daily charts and even on the hourly charts there is a bearish divergence. Watch for a market and it would be wise to carry less quantities in bullish trades. On 15 minute time frame, after the initial profit booking market traded around the 20 ema and expired near the previous day close. Support :- 20060, 20020, 19950 Resistance :- 20110, 20200 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty weekly expiry analysis for 14/09/23.Nifty has formed an inside candle on the daily charts and has closed 76 points higher near the previous day high. It gave a bullish move and consolidated in the second half while banknifty kept on moving higher and higher. It is already trading near the ATH and tomorrow being a weekly expiry there can be a retracement on the chart. On the hourly charts, there was a nice support from 19940 levels and it tried to give a move after a consolidation period. During the initial hours the market was volatile and it traded around 15 minute's 20 ema. It has created a base around 19940 levels and has also taken support fromt the moving averages in the last hour. There are chance of market taking a halt as it has given a nice up move without any serious retracement. Support :- 20020, 19940 Resistance :- 20110, 20200 Nifty has travelled alot and is now being at the ATH its difficult for it to sustain longer without a retest. Watch for option premiums as it weekly expiry for nifty. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 13/09/23.After a gap up opening, there was a profit booking and market consolidated as it has already stretched alot and it may take a halt or market may become volatile. On the hourly charts, there was profit booking in the first hour and market remained inside the candle whole day closing almost flat. Nifty has hit a new ATH and there should be a halt or a retracement before carrying on with the bullish momentum. Markets can't just go up without any rest or retracement and after a movement there will be a sideway to volatile market. Watch the market to consolidate or retest the lower support levels. On 15 minute time frame, market has near to the 20 ema and is taking resistance from the round number figure of 20k. Support :- 19920-50, 19860 Resistance :- 20020, 20110(ATH) Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 12/09/23.A new ALL TIME HIGH for Nifty today. The market were looking bullish from the very first minute and finally crossed the 20k level in the last hour of the trading session. Nifty has travelled to 20 k levels from 19300 levels and now it can take a halt before crossing the level. It has formed a marubozu candle and has closed near the round figure level. On the hourly charts, the market is trading above the moving averages and has closed near the day high. While the nifty is at its ATH there is no resistance and the levels for the resistance are taken by the fibonacci levels. Support :- 19930, 19865 Resistance :- 19200, 19310 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
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Nifty weekly analysis for 11/09/23.Nifty has given a nice bullish move of 2% on the weekly charts and has closed above 19800 levels. There is a nice bullish marubozu candle on the weekly charts and it has come after a consolidation. On the daily charts, market hit our targets on 19850 and reversed after hitting the target and has closed 92 points high forming a doji candle on the high. Nifty has travelled nicely giving retest and moving higher. Indian market looks bullish and there are chance of nifty reaching the recent high. On the hourly charts, there is a bullish flag and pole pattern and market has closed above both the moving averages. On 15 minute charts, there is a clear depiction of consolidation and breakout and how it can give big target. Nifty gave break out and consolidated and continued the up move after another consolidation. Support :- 19805, 19740 Resistance ;- 19860, 19970-90 No major resistance is there for nifty and can retest the recent high. If the market continues to travel after breaching the ATH, it can reach 20500 levels soon. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 08/09/23.The market finally has given a nice trending move and has closed 116 point higher. On the hourly charts, nifty took a slight pull back and started moving in the upward direction slow. During the second half it gave the break out and travelled, finding resistance around 19730 levels. A nice bullish candle on the daily charts is showing some positivity and if the global markets support, nifty can travel higher. On 15 minute time frame, it constantly took support from 20 ema closed very bullish. Support :- 19640, 19550 Resistance :- 19785, 19845 The market has consolidated alot and the up move can continue owing to the G-20 summit. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty weekly expiry analysis for 07/09/23.Nifty gave a nice move and the last hour candle gave a nice up move after showing some selling in the market. There is a bullish engulfing candle on the daily charts and market is looking bullish as it has closed near day's high. On the hourly time frame, the market tested the 20 ema and closed above both the moving averages. The volume of the last hour are also high and there are chance of market showing some bullishness. Nifty consolidated in the first half, gave a downside trade and reversed making market bullish. On 15 minute time frame, the market formed a base around 19500 levels and closed above both the moving averages. Support :- 19500, 19430 Resistance :- 19650, 19730, 19785 Market for last 3 session has been following a trend of a selling and then closing near the day top. If the markets opening gap up, there are fair chance of market moving up wards as it will clear the crucial resistance zone. Watch for the option premium as it will be weekly expiry. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 06/09/23.Nifty for last 2 days is forming a dragon fly doji after a gap up opening. The market after the opening is coming for a selling and than move slowly in the upward direction. On the hourly charts, it traded above both the moving averages and during the last hour recover giving close 46 points higher. The market has followed the same trend in previous trading session and if there is another gap up there are chance of market moving in the upside direction. On 15 minute time frame, it showed a downside trend and recover after the gap filling. It tested the 20 ema and in the mid hour traded around the levels. Support :- 19520, 19460 Resistance :-19580, 19620, 19720 Nifty has closed in green but the other index has closed in red. Indian Vix is dropping which means there can be a trending move and option premiums are not much. Carry on the trades with a proper trailing stop loss and an ultimate target. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFFY BEST LEVEL'S💲🤑O Description. 06 sep Nifty Actionable levels for Tomorrow #Current Price- 19577 Good #Resistance- 19677 Strong #Support- 19328 #Target we can expect 19638 and 19677 if a break of 19586 above ⬆️ Resistance level 🎚️ #Target we can expect 19441 and 19377 if a break of 19539 below ⬇️ Support level 🎚️ #Execution trade should be above or below from resistance or support levels 15-minute candle. Alerts ‼️🚨 this is Only for Education Purpose. Please Give your precious comments 🤞🏻 Thank you 🙏 AkashXtrade
NSE:NIFTY
by AkashXtrade