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Nifty weekly analysis for 13/01/2025.The weekly charts of the index is looking bearish as the market has closed around the 50 EMA. A strong support around the 23400 levels is there. The support has been tested 2-3 times and it is weakening the levels. If the support levels is breached it can test the lower support level of 22k. Sell on rise the market is there. On daily charts market has reversed from the levels but bullish trades can only be trade once the previous resistance level is taken out. Major levels Support :- 22340, 22650 Resistance :- 23750, 24175 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty Hourly Projections | Elliott Wave | Levels Nifty is been complex correction and completed wave B/X at 24226 as we expected in last idea. Right it is in wave C/Y or Flat B can also in progress. It leaves to two most possible scenerio: 1: if it crosses yesterday high 726 then we will lightly long towards fib levels as shown in chart for 23775, 861, 944.. trailing basis. 2: bearish side can be risky if entered early, better to watch till it breaks 23496 then short for atleast 425.. need to observe near 425 since if it rare case of ending diagonal then it might reverse gain for short duration. Below 425 we will trail till 350-300 as final destination for this swing.
NSE:NIFTYLong
by IMStockwala
NIFTY Intraday Trade Setup For 9 Jan 2025NIFTY Intraday Trade Setup For 9 Jan 2025 Bullish- Above 23800 Invalid-Below 23750 T- 24055 Bearish-Below 23490 Invalid-Above 23540 T- 23250 NIFTY has closed on a flat note today. It gave a 2 way move in intraday. Sell trade did not go in favor, sl was hit. It has formed a Pinbar candle in daily TF. Above its high there can be a short covering move. However 23800 is key level in hourly TF. 23490 is rejection candle's low so below this there can be panic selling once again. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23800 then we will long for the target of 24055. For selling we need a 15 Min candle close below 23490. T- 23250. 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
Nifty analysis for 09/01/2025.Nifty is trading around the major support zone and today it has formed a hanging man candle near the support. On the daily charts, there is a dual support i.e. 200 EMA and a support zone. A Head and shoulder Pattern is also being formed in charts. If the pattern is confirmed a good bearish move can be seen in the Indian market. Bullish trades can only be initiated only when there is a confirmation pattern near the support Major support zone :- 23146-23500 Resistance levels :- 23675, 24000 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
NIFTY analysis for tomorrow 03 JAN 24As we discussed, the NIFTY has been in sideways accumulation phase, it has broken to upside. If we look at the chart now: The market is trading at 50 EMA (1D-tf) and 200 EMA (4H-tf) resistance levels. Also, the market has given good bullish momentum today. Tomorrow might be a small side day. Also, the market is trading near the resistance level, which is going to provide good resistance. Important levels and trendlines have been marked on the chart. Support levels: 200 EMA, 23950, 50 EMA (23800) Resistance levels: 24167, Trendline (PINK), 24330 If we look at the OI data: PCR = 1.2, which shows a good bullish structure in the market. The market has 24200 as max pain. As it is the very beginning of the weekly expiry, OI data is not going to play a very crucial role. Lower sides 24000, 23900, and 23800 have very good PE writing, so bulls are quite strong on lower levels. On higher levels, 24500 has good CE writing, which is going to provide good resistance. I am expecting The market is to be sideways unless it breaks the PINK trendline. Reason: RSI = 77 shows a bullish structure. (Bullish) - Price > EMA(13, 50, 200), which indicates a good Bullish structure. (Bullish) PCR = 1.2 indicates bullish direction in the market. Price > VWAP shows a good bullish structure in the market.   Verdict: Sideways or Bullish Plan of action: Sell 24200 CE and Sell 24200. PE holds it in the range. Exit one leg if it breaks to one side.
NSE:NIFTYLong
by finnova_
11
Nifty weekly expiry analysis for 02/01/2025.Tomorrow is nifty first weekly expiry of the year. A consolidation is going on in the index and today also it closed in a range. If there is break out of the trendline on the upper side, chances of market retesting 24k levels are high. In case of a fail and market trading downside, a trend downside possibilities are there. 20-EMA and 50-EMA are acting as a resistance and once cleared higher EMAs can be tested. Option buyer be cautious of the expiry premium decay. Only trade the momentum. Major levels Upper resistance :- 24850, 24080 Lower support :- 23550, 23330.
NSE:NIFTY
by TheMamboMomentum
Nifty to Kick-Start the Year with a Pause!● A detailed examination of the daily chart reveals the emergence of an Inverted Cup and Handle pattern, suggesting a bearish outlook. ● However, the index is currently hovering above the critical support level of 23,500, while attempting to establish a foothold above the 200-period EMA, a key dynamic support. ● Furthermore, options data indicates a significant concentration of put writers at the 23,500 strike price, lending additional credence to the support zone. ● Given these technical and sentimental factors, we expect the index to remain in a consolidative phase over the next month, as market participants await a clear catalyst for direction.
NSE:NIFTY
by GoodluckCapital
26th Dec '24 - Last Expiry of Calendar year, Nifty is bearishNifty Stance Bearish ⬇ On a week-to-week basis, we only fell 204pts ~ 0.85%, but things definitely did not look good last Friday. We could have easily taken out the 23350 levels but the reversal on Monday halted the momentum. I guess the sellers will have to rally the market again to push it down later. On Friday, Nifty had a high of 24065 and a low of 23537, a spread of 528 points. Everything pointed southward and our bearish plan was getting executed as per the script. On Monday, we had a temporary retracement - maybe the excess shorts would have covered, this took us to almost 50% of the Fibonacci fall levels of the previous day. Unfortunately on Tuesday, we did not have that continuity and Wednesday was a holiday due to Christmas. I thought we might have a trending day today, but that plan also failed. I have still my hopes pinned on further bearish moves, but not before we go up a little bit because at current levels I do not see any one-sided momentum. The catch is if we fall from the current levels without a trigger, then the downward push will be much more brutal. 24177 would be a resistance above which I would go bullish.
NSE:NIFTYShort
by viswaram
NIFTY Analysis for tomorrow 24 Dec 24As we discussed, the NIFTY sideways structure market has been sideways the whole time today. Also, it opened at +160 and closed at the same point. If we look at the chart now: The market is in a consolidation phase. Big players are accumulating the market. I am expecting the market to be sideways in the upcoming 2-3 sessions. Support levels: 23529, 23361 Resistance levels: 50 EMA, 23930, 200 EMA If we look at the OI data: PCR = 0.8, which has increased from 0.7, shows put addition at the lower level. 23500 has good support points for having good PE writing. On higher levels, 24000 is a nice resistance point, as it has a good resistance point. It also considers 50 EMA and 200 EMA. I am expecting The market is to be sideways in the range of 23539 - 23930 Reason: RSI ~ 40 shows a weak bullish structure. (Sideways) Price < EMA(13, 50, 200), which indicates a good bearish structure. (Bearish) PCR = 0.8 indicates bullish bias in the market. price < VWAP shows a good bullish structure in the market.   Verdict: Sideways Plan of action: Sell 23700 CE and Sell 23700 PE hold it in the range. Exit one leg if it breaks to one side.
NSE:NIFTY
by finnova_
Nifty | Tuesday 24 Dec'24 | Trading Plan Nifty as mentioned in previous idea, is in C wave. Right now looks like have completed the w of C and in retracement. Two of the possible trade can be done as below: 1. Above the marked 23860, we can enter with target 1 of 23970 and target 2 of 24040 and further trailing with SL of 15 min intraday swing low. 2. Below the marked 23540, we can enter for short with target of 23350 and SL of 15 intraday swing high. Disclaimer: I am not SEBI certified analyst and this not a buy/sell recommendation. It is only for educational and entertainment purposes.
NSE:NIFTYLong
by IMStockwala
NIFTY Intraday Trade Setup For 24 Dec 2024NIFTY Intraday Trade Setup For 24 Dec 2024 Bullish-Above 23900 Invalid-Below 23850 T- 24118 Bearish-Below 23530 Invalid-Above 23580 T- 23230 NIFTY has closed with 0.7% gain today. It is a doji candle in daily TF and whole closing gain is contributed though gap up. 23900 and 23530 looks a range as of now. Breakout of this will trigger move either side. Best trade looks in short side as market is sell on rise. Nothing triggered as per trade setup today. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23900 then we will long for the target of 24118. For selling we need a 15 Min candle close below 23530. T- 23230. 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
The Week Ahead for Nifty: Trends and InsightsLast week, the Nifty index faced strong selling pressure, driven by various global economic factors. ◉ Current Scenario ● At present, the Nifty is trading near its 200 EMA, just above 23,500, a level with high put writer concentration, indicating potential support. ● Conversely, the 24,000 level will act as an immediate resistance due to the high number of Call contracts open at that position. ◉ Expected Market Movement ● This week is likely to be muted for the Nifty. ● If the index slips below 23,400, the next support level will be 23,000. ● A major upward move is expected only if the Nifty surpasses 24,800.
NSE:NIFTY
by GoodluckCapital
1
NIFTY50 Head & Shoulder Pattern in Weekly Charts₹₹Nifty50 making Head & Shoulder in Weekly Charts with Price range of 3000 points(23266-26277). If Chart Pattern play-out perfectly then Target price range will be 2500-3000 points till 20288 levels. Nifty50 also have a gap on 20288 levels bcoz of Election Results of 4 States on Dec 3,2023 after that rally started. Now Nifty50 can fill this gap if Chart Pattern play-out perfectly. I will wait for Nifty50 to break down 23266-22777 levels zone & closing below 22777 levels. If Nifty50 close below 22777 levels then Short Nifty50 for Targets of 22122, 21777, 21288, 20777 & 20288 with Stop Loss of 23444. But this Pattern will fail above levels of 24555. Most Important we have to carefully watch RELIANCE bcoz it's already at 52 week lows & At Parallel Channel Support in Monthly Charts. If Reliance also give breakdown of channel then it will be easy for Nifty50 to reach all targets. Similarly HDFC BANK at upper Resistance of Parallel Channel in Monthly Charts.
NSE:NIFTYShort
by K_Dyadav