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Nifty Analysis for 21-22 Nov Based on elliott wave forecasting on hourly chart we are in either wave iv or v of y of wxy correction. Which gives two possible scenarios as given in chart Green : we are wave iv with a and b completed and c can continue in future. Possible trade given in green box. Red: we are wave iii of iv and go like red arrow, trade given in red box. This is for educational purpose and not an advice/recommendation to buy or sell. Do your research before trading. Happy Trading.
NSE:NIFTY
by IMStockwala
1
21st Nov 2024 - Week ended as per plan, but did not make moneyNifty Stance Bearish ️⬇️ Remember my last week's position? Make 11170 if Nifty ends below 23555. Well, we ended the week @ 23346, but I did not make money. In fact, I exited the position at a loss of 3000 on 19th Nov when we shot up. My stance is still bearish, thought will get into fresh positions tomorrow and not today as there was clouded news & events today. For starters, Adani was indicted by New York Court and that sent the ADANIENT crashing -22.61%. Let us give a day or two for the news to settle and then we can take a positional bias, as it stands there could be a minor recovery to Adani stocks tomorrow and a possible short covering. In the grand scheme of things, Nifty continues its downward trajectory hitting a new session low of 22263.  22781 is my nearest strong support and I sincerely hope we go there by the next week. The Total correction from the ATH is close to 12% now and the SIP'ers who started 2 years back in Nifty index fund may be back to zero returns. A further fall of 3% may put them underwater and that would be the right time to see if they panic sell or not. I am quite sure that these last-stage investors may not have seen a bear market in their life and would have committed their every penny to this mad bull run, which just ran out of fuel.
NSE:NIFTYShort
by viswaram
Nifty Trading Strategy for 19th November 2024Detailed Nifty Spot Trading Strategy Trading Plan: Buy Above 23,625 Wait for the Nifty Spot Index to close above 23,625 on a 15-minute candle. After confirmation, initiate a BUY position. Target Levels: Target 1: 23,700 Target 2: 23,750 Sell Below 23,350 Wait for the Nifty Spot Index to close below 23,350 on a 15-minute candle. After confirmation, initiate a SELL position. Target Levels: Target 1: 23,298 Target 2: 23,100 Current Value: Nifty Spot Index: 23,454 Support and Resistance Levels: Supports: 23,298: Key level where buying interest might emerge. 23,100: Strong support zone that could hold in case of heavy selling pressure. Resistances: 23,700: Initial hurdle for the upward move. 23,750: Major resistance level, likely to cap any strong bullish momentum. Key Notes for Traders: Use these levels as a reference for trading Nifty Futures and Options. Ensure to confirm the breakout or breakdown of the above levels using a 15-minute candle close for better accuracy. Book Profits at regular intervals and use trailing stoploss. Disclaimer: I am not SEBI Registered. This trading strategy is for educational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk and may result in substantial losses. It is important to conduct your own analysis and consult with your financial advisor before making any trading decisions. These levels are derived from the Nifty Spot Index, but traders can apply them to Nifty Futures and Options trading. Past performance is not a guarantee of future results. Use proper risk management techniques and trade responsibly.
NSE:NIFTY
by ramkkyy
NIFTY50 Correction Mode over? Next move: 25200/26000 or 22500??1. On a daily time frame, Nifty50 formed a Head and Shoulders(H&S) pattern which is a bearish reversal pattern suggesting a potential downward trend. NIFTY broke the neckline and completed the H&S downside fall. 2. Now NIFTY is at a 0.618(22,435) Fibonacci Retracement level and is currently being tested as support. Next Fibonacci level on the downside is is at 22557. 3. A long-term trend ascending trendline may also act a dynamic support below 0.618 level. Overall NIFTY has a strong support zone from 22200-400. 4. With RSI at over sold levels, NIFTY may not retest 0.5 Fibonacci level and a good bounce can be seen from 22300-450 levels. 5. On the upside, strong resistance can be seen at 24100-150 levels.
NSE:NIFTYLong
by Trade_Nova
Nifty 50 spot 23532.70 by Daily Chart view Nifty 50 spot 23532.70 by Daily Chart view - 2 nos of Gap Down Openings are closed between 24350 to 25080 level range - 2 nos of Gap Down Openings will get closed in next ATH creations process near ATH 26277.35 - Most probable Support Zone likely at 23200 to 23350 to anticipate for upside reversal prospective - Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken - Huge Downfall of 04th June, 2024 has closed the past 2 nos Gap Up Opening and 2 nos Gap Down Openings
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 spot 23453.80 by Daily Chart view - Update to old Chart*Nifty 50 spot 23453.80 by Daily Chart view* - Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective - Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken - *Old times Gaps to be filled will be a longer shot to expect if markets take a nosedive below 21180 Nifty 50 Index trading range* - Huge Downfall of 04th June, 2024 closed many of the past Gap Up Opening and Gap Down Openings between 21181 to 23338 Nifty Index trading range - Update to old chart shared last week
NSE:NIFTY
by PIYUSHCHAVDA
2
Nifty Spot Trading Strategy 18th November 2024Nifty Spot Trading Strategy: Buy Above 23,695 / Sell Below 23,475 Current Value: 23,533 Key Trading Levels: Buy Signal: Close above 23,695 on the 15-minute candle Sell Signal: Close below 23,475 on the 15-minute candle Strategy Overview: Buy Strategy: Trigger Level: 23,695 Action: Enter long positions Profit Booking: Regular intervals or use a trailing stop loss Target Levels: 23,800 and 23,900 Sell Strategy: Trigger Level: 23,475 Action: Enter short positions Profit Booking: Regular intervals or use a trailing stop loss Target Levels: 23,400 and 23,300 Market Insights: The price is currently at 23,533, indicating potential for both bullish and bearish activity based on the key levels. Key support and resistance levels to watch are between 23,475 to 23,695. Disclaimer: This analysis is for educational purposes only. I am not SEBI registered. Please conduct your own analysis before making any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty heading towards 22kDate: 17 Nov’24 Symbol: NIFTY Timeframe: Daily Nifty 50 seems to be in final stages of Wave A of an ABC correction that began in Sept’24. Correction in A could end around 23300 and if it breaks that level, it could even head to 23050-23000. It would then witness a pull back towards 25000 levels in Wave B as seen in the chart and finally Wave C down. Please note this is a possible wave count and Nifty as an instrument always runs on multiple global event risks. Maharashtra votes on 20th Nov’24 and election results are on Saturday, 23rd so it’s unlikely that Nifty will see a pullback or Wave B this week. Investors/Traders in US see lesser chances of another interest rate cut in December meeting so it’s a wait and watch there. This is not a trade recommendation but my humble submission of possible movement in Nifty. Please do your own analysis. And I’ve the right to be wrong. HINGLISH VERSION Aisa lagta hai ki Nifty 50 Sept’24 mein shuroo hue ABC correction ke Wave A ke antim charan mein hai. Wave A mein correction 23300 ke aaspaas samaapt ho sakta hai aur yadi yah us star ko todta hai, to yah 23000-23050 tak bhee ja sakta hai. Jaisa ki chart mein dekh sakte hain, iske baad Wave B mein 25000 ke star tak vaapasee hogee aur ant mein Wave C mein giraavat aaegee. Kripya dhyaan den ki yah ek sambhaavit Wave count hai aur Nifty hamesha kai duniya bhar ki ghatanaon ke jokhimon par chalta hai. Maharashtra mein 20 Nov’24 ko voting hogi aur chunaav nateeje Saturday 23rd ko aaenge, isliye iski sambhaavana nahin hai ki is saptaah Nifty mein pull back ya Wave B dekhne ko mile. US mein niveshakon/vyaapaariyon ko December kee baithak mein ek aur interest rate cut kee sambhaavana kam dikh rahee hai, isliye vahaan wait and watch kee sthiti hai. Yah koi trade lene ki salah nahi hai balki Nifty mein sambhaavit utaar-chadhaav ke baare mein meri vinamra koshish hai. Kripya apna vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
NSE:NIFTY
by DhandhaPaani
NIFTY Intraday Trade Setup For 18 Nov 2024NIFTY Intraday Trade Setup For 18 Nov 2024 Bullish-Above 23690 Invalid-Below 23640 T- 23910 Bearish-Below 23480 Invalid-Above 23530 T- 23213 NIFTY has closed on a bearish note with 2.55% cut last week. Last weekend we discussed that index will be gripped by bears below 24k. It gave a non-stop move till 23500. Now index may find support near 23150 zone as per half bat pattern (0.618). Index has formed an inverted hammer candle in daily TF near channel lower in daily TF so above its high it can be validated or else it will be sell on rise. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23690 then we will long for the target of 23910. For selling we need a 15 Min candle close below 23480. T- 23213. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
My personal view on the Nifty 50 spot 235559.05 by Daily Chart v*My personal view on the Nifty 50 spot 235559.05 by Daily Chart view* - 2 nos of Gap Down Openings are closed - 2 nos of Gap Down Openings will get closed in next ATH creations process - Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective - Huge Downfall of 04th June, 2024 has closed the past 2 nos Gap Up Opening and 2 nos Gap Down Openings - *Nifty 50 post hitting the ATH retraced and formed a Bearish Head & Shoulders pattern and pretty much has covered the depth by the neckline* - *Based on the Technical Chart Setup, we may now anticipate and expect to look forward for an upside reversal to happen from the Support Zone*
NSE:NIFTYLong
by PIYUSHCHAVDA
Nifty Trading Strategy for 13th November 2024Nifty Trading Strategy: Buy Above 24,100 / Sell Below 23,800 Current Price: 23,884 Key Levels: Buy Signal: If the price closes above 24,100 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 23,800 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 23,884, just below the buy signal level. It's important to monitor the price closely, especially around the 23,850 to 24,000 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 24,100 on the 15-minute candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 24,150 and 24,200. Sell: If the price breaks below 23,800 on the 15-minute candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 23,700 , 23600 and 23,350 Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
NIFTY Bearish Trend EMA50 Testing Weekly corrected 2400 points Posted Chart on 29th september that Nifty Near to Channel Resistance with RSI overbought and small negative Divergence, Price is 2000/4000 point away from EMA 20/50__after every trending move price is reverse to its ema line(MEAN reversion)+ also if making of flag then sideways to small correction can expect_____ Now after Retest Of EMA20 on weekly Nifty Still facing selling Pressure from higher levels now previous swing low is broken EMA50 is nearby 23300 and channel support at nearby 22700. ' USDINR at lifetime high @84.40 overall negative momentum.
NSE:NIFTYShort
by finvestalgo
1
HEAD & SHOULDERS PATTERN IN NIFTY. TIME TO SELL AGAIN ?Symbol - NIFTY50 CMP 24800 Nifty50 has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame. We can see a Head & Shoulders pattern getting formed on daily TF in Nifty. Such patterns on larger time frame don't usually fail. Nifty is currently trading near neckline of this pattern. Breakdown & sustaining below this neckline zone 24730 - 24690 will get this pattern activated & we can see big target towards downside. Target on downside can be 23370 P.S. : My short position is already active from 25000 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:NIFTYShort
by akshit_official
14
NIFTY Intraday Trade Setup For 12 Nov 2024NIFTY Intraday Trade Setup For 12 Nov 2024 Bullish-Above 24390 Invalid-Below 24340 T- 24605 Bearish-Below 24000 Invalid-Above 24050 T- 23675 NIFTY has closed on a flat note today after giving both side moves in intraday. 24k acted as a strong support today. Now if index goes below 24k bearish move towards 23700 zone will be initiated. It has been said multiple times that index is sell on rise and is still valid till it trades below 50 EMA in daily TF. 24390 and 24000 are intraday levels for tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24390 then we will long for the target of 24605. For selling we need a 15 Min candle close below 24k. T- 23675. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
1
Nifty Trading Outlook for 11th November 2024Nifty Trading Signal: Buy above 24,220 Target: 24,300 Sell below 24,100 Targets: 24,050, 24,890 Disclaimer: I am not SEBI Registered. This trading analysis is for informational purposes only and is not intended as financial advice. Trading in the financial markets involves substantial risk and may result in significant losses. Please conduct your own research or consult a licensed financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
8th Nov 2024 - PostMortem on Nifty - stance slightly bearishNifty Stance Bearish ️⬇️ The report we sent out last week had a full bearish stance, but this week we have reduced the intensity of the bearishness. The new stance is upgraded from bearish to slightly bearish. The rationale is that the momentum needs to really build up for further downfall. 23854 is the magic number below which we will intensify our level of shorts. For the expiry 14th Nov, the position taken by me is Max profit will be at 24200 level and max loss will be above 24394 and this is exactly the stop loss for the bearish level. If the market closes above 24394 on any specific day, we will change the stance from slightly bearish to neutral. The price action on Monday 4th of Nov was beautiful, but we did not break the 23854 conclusively. The counter reaction on 5th was symmetrically powerful, we almost broke out of 24460 upper range. 6th of Nov was flavorless less and on 7th we fell badly again. The trading on 8th was decent but the last 50 minutes or so belonged to the Bears. On a weekly basis, Nifty is up just 10pts. I had promised last week that I would push the publication date to Thursdays coinciding with the expiries. Let me try and keep my word from the 14th of Nov as it coincides with Children's Day :)
NSE:NIFTYShort
by viswaram