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Nifty50 Support And Resistance 9-May-24Please find below simple resistance and support: Resistance: 22369 If crosses up then will see upward move: TGT: 22480 Support: 22246 If crosses down then will see downward move: TGT: 22185 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
Nifty Intraday Prediction Levels for 7 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These 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. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:NIFTY
by suraranjanganguli
07 May 2024 - Going short on Nifty50 as 22295 violated, 🐻🐻🐻Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Our markets not rallying as against the recovery in US markets - speculating something to do with the re-election and taxation. Since I do not have any data points, will wait for more clarity." After having an inline opening, Nifty50 started falling quite aggressively. Without a real struggle, 22295 was taken out in the first attempt itself. By 11.39 we fell almost 269pts ~ 1.2% and that too without any retracement. The moment the support was breached, we had to revise our stance from neutral to bearish. Unfortunately, we did not have further bearishness today, and by going short it may appear that we did not get any benefits today. Normally when critical support is broken, it means we should have further follow up action shortly. Also in the 63mts TF we did not really break it, if you are a conservative trader, it is a good idea to wait for one full candle to form below 22295. When you look at the higher time frame, N50 trading between 22295 and 22051 is detrimental to the inverse H&S formed between 14th to 26th March. If the next support of 22051 is broken, then we might even have to remove that candlesticks pattern. Despite a sharp move today, N50 algos made 10417 INR today thanks to the India VIX that rose to 17% levels.
NSE:NIFTYShort
by viswaram
Nifty50 Support And Resistance 8-May-24Please find below simple resistance and support: Resistance: 22329 If crossed up then will see upward move as follows: TGT: 22450 Support: 22231 If crossed down then will see downward move as follows: TGT: 22167 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
06 May 2024 - Indian markets have decoupled from Global peersNifty Analysis - Stance Neutral ➡️ Recap from yesterday: "The stance has been revised to neutral as the support is broken. For Monday we wish to go neutral if 22295 is broken and go long if 22519. Nifty Algos ended the day with a loss of -2374 INR." How do we explain the relevance of support and resistance more clearly than today? Just see the 3 encircled regions on the 4mts chart. The first one came in the opening minutes where the gap-up gave the impression that we were breaking out but the 09.35 and 09.39 candles did the humbling. Between 10.39 to 11.11, N50 recovered a bit and tried to get past the 22519 resistance, only to fail. And the 3rd attempt came between 11.59 to 12.19 - which would have given some confidence to the Bears. On the higher time frame, we are still in neutral territory and might require a bit more aggression by the Bears to bring down the prices. Our markets not rallying as against the recovery in US markets - speculating something to do with the re-election and taxation. Since I do not have any data points, will wait for more clarity. Decided to add the screenshots of AlgoTest forward testing instead of live to stay away from regulatory troubles. Nifty Algo generated Rs2857 today.
NSE:NIFTY
by viswaram
Nifty50 Support And Resistance 6-May-24 💥 Please find below simple resistance and support: Resistance: 22526 If crossed up then will see upward move as follows: TGT: 22589 Support: 22411 If crossed down then will see downward move as follows: TGT: 22348 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
03 May 2024 - Nifty Stance revised to neutral, a support brokenNifty Analysis - Stance Neutral ➡️ Recap from yesterday: "For tomorrow, we wish to maintain the bullish stance, but the first test would be the ATH which would otherwise act as a triple top. The moment we get past that, I could remove the M pattern drawn for the period 05 to 12th April." Nifty hit a new ATH @ 22794.7, but it did not sustain and soon we gave up the lead. The fall was so intense that we lost the 22519 support today. The final closing was at 22475 (weighted closing). What mattered more was the fall of 446pts ~ 1.96% intraday, by the nature of the fall one thing is clear - it is not just because of weakness. Global markets are not that weak, I strongly suspect this is related to the TAX expectations post elections. FIIs are continuing to sell, which would be a worry, after all, if the taxes are getting hiked - no one would want to park the risk money here, even if they get above average returns. The stance has been revised to neutral as the support is broken. For Monday we wish to go neutral if 22295 is broken and go long if 22519. Nifty Algos ended the day with a loss of -2374 INR.
NSE:NIFTY
by viswaram
02 May 2024 - Nifty has to get past the ATH to negate M patternNifty Analysis - Stance Bullish⬆️ Recap from yesterday: "The 63mts TF paints another picture, a perfect triple top at the 22780 levels. A double top between 9th and 10th April and the third top today on 30th April." Nifty opened quite strongly, immediately recouping some of the lost ground in the last session. After cutting almost 50% of the losses, N50 found a stable level and then maintained its narrow range. Fearful of stop loss hunting, I squared off the Algo straddles at 13.16 and in hindsight, it proved to be a stupid decision. Although I made 18732 INR, another 23200 was forgone. I do not know about the Jane Street Algo strategies, but it has really elevated the premiums in near ATM strikes. In a way, it is good for option-selling as risk:reward is increasing especially on the expiry day. For tomorrow, we wish to maintain the bullish stance, but the first test would be the ATH which would otherwise act as a triple top. The moment we get past that, I could remove the M pattern drawn for the period 05 to 12th April.
NSE:NIFTYLong
by viswaram
NIFTY 50 IndexThere is no doubt that the Nifty Index has been bullish in the long term, but there are times the index takes a dip and thus we can take this opportunity to short it till the levels. The levels which I expect Nifty to drop are till 21900 in short term, the second target can be 21400, and if this level breaks in long term we can expect a further drop to 20650. Nifty is at all time high. If the price breaks above 23127 this idea will be invalidated. Important - This is my personal analysis and should not be considered as financial advice, kindly do your research before placing any trades.
NSE:NIFTYShort
by AmitTrades
30 Apr 2024 - Sharp fall in last 1 hr, rebalancing or reversalNifty Analysis - Stance Bullish⬆️ Recap from yesterday: "We are now very close to the ATH and once we take out that, we can safely remove the double top pattern." Nifty does a decent climb to hit a new all-time high of 22783 and then a brutal fall of 215pts ~ 0.95%. No matter how professional a trader you are, you cannot set a trap to make money out of that move. Agreed, the 22700 PE buyers would have made some decent money today, but it was never in the cards. Nifty was bullish and stayed bullish from the start, the sign of meltdown was not there, not according to me anyway. I was really scared that we would take out the 23800 on 2nd May as it's a holiday tomorrow. The 63mts TF paints another picture, a perfect triple top at the 22780 levels. A double top between 9th and 10th April and the third top today on 30th April. It is not a conventional triple top anyway, but the ATH levels are seen as quite shaky. As long as 22519 is respected, we maintain the long stance. Nifty algos ended the day with a gain of 210 INR.
NSE:NIFTYLong
by viswaram
#Nifty directions and levels for April30th.Good morning, friends! Here are the directions for April 30th: The global market is still maintaining a moderately bearish trend, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +20. Structurally, Nifty doesn't have that much of a bullish sentiment. It's maintaining the bullish bias supported by the BankNifty. So, if the initial market rejects, we can expect a minimum correction of 38 to 50%. After that, if it finds support, it may undergo a range-bound structure. On the other hand, if it consolidates around 50%, then the correction will likely continue. An alternate variation indicates that if the gap-up sustains and breaks the supply zone, then we can expect rally continuation with minor consolidation at the immediate resistance level.
NSE:NIFTY
by Manickamtraders
NIFTY Prediction for tomorow 29 Apr 24As we discussed the market in the live session, it was bearish. After that, it gave a nice fall. If we look at the chart now: Price is Making continuous HH and is not able to make HL. Price is taking support at 200 EMA. This level is also fibbed at 0.23 level, which is considered with 200 EMA, making it a good support zone. 22374 is also a good price action level, and the market has received multiple-time support. RSI has also given a breakout to the upside. That means the market might take support here. If we look at the OI data: PCR = 0.76, there is a huge CE writing at higher levels that indicates 22500 is going to be MaxPain. There is not much PE writing today. This indicates that bulls are not very sure the market is going to take support. If we look at today's OI, it is heavy CE writing, which shows bears are making strong levels on the higher side. If we look at the FII and DII data: FII and DII is strong bearish while Client is strong bulllish, that means market is going to open gap-down. The market is at a crucial point right now. there can be 2 cases Case 1: If the market breaks 22360 to the downside (Bearish) Case 2: If takes support at 200 EMA (Sideways) Reasons: Price ~= EMAs, indicates the market can take support at 200 EMA. (Sideways) RSI < 50 shows weak bulls, indicating a sideways market. (Sideways) RSI trendline break might activate some bulls might lead to sideways market. ( Sideways) OI = 0.76 has a fall from 0.96, which means bears are increasing their positions. (Bearish) Price < VWAP indicates the bearish market structure. (Bearish) Verdict : Sideways or Bearish Plan of action: Case 1: If breaks to downside -> Sell 22400 CE (Hedge it with 15/- CE premium) Case 2: If it takes 200 EMA support -> Sell 22400 CE & PE (Hedge it with 15/- premium)
NSE:NIFTY
by finnova_
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