QUICK GUIDE
- Use 5 minute timeframe
- Try to take enters at retest
- Use multiple confirmation
- Read full description before investing
- Try to take ATM options or above
Explanation:
This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this...
It could test below support level marked on the chart at 24147 or on that red line within (4th Nov 2024)
If red line breaks early then that white line is an ultimate support at 23800 (18th Oct 2024)
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Technical Analysis: The chart indicates that Nifty is currently near the 25,000 mark, with key Fibonacci retracement levels acting as resistance and support zones. A notable resistance is at the 0.382 level around 25,277, while the 0.618 level near 25,653 might be another hurdle if the index manages a short-term rally. Given the recent bearish momentum, a further...
Market has given a nice movement and for two days it remained in a range but is volatile.
There are chance of market either follow the bearish trend or form a 'W' pattern.
Nifty has closed around crucial levels from where it can either reverse the trend or continue falling.
Major support level :- 24760, 24600
Resistance level :- 25210, 25480
The weekly...
The Nifty 50 index has been showing signs of weakness recently, as indicated by the red candle formations and the current price trending below crucial Fibonacci retracement levels. As of today, Nifty has been testing the support zones near the 0.618 Fibonacci level (24,402.75), which could serve as a pivot for a potential reversal. Let's dive into the factors...
Nifty looks like ready to take a halt in downtrend and make a upmove or go sideways
it may either try to halt and reverse from 24970-85 levels
or the other strongest level 28775-825
Expected 1st move till 25260-80
Good evening, friends! 🌞 Here are the market directions and levels for the 2nd week of October.
Global Outlook:
In the previous week, the global market closed where it started, indicating that the past two weeks have seen global markets in a range-bound market. Structurally, this is a moderately bullish trend, so we can expect the continuation of this range...
Nifty Stance Bearish ️⬇️
What a dramatic week it has been, Nifty falls 1130pts ~ 4.32% after SEBI's new FnO rule changes go live. What spooked the markets? I guess the fear that liquidity may get sucked out post 20th November 2024. Or is it because China's stock market is going limit up?
The fall in our market was kind of different, usually the bear power lasts...
Dear friends,
As we see in the chart, Nifty is correcting rapidly from an all time high level.
While counting the Elliot waves, we can see that waves 1 and 3 on the downside have been completed.
The five waves of wave 3 are shown in the chart.
Now we can expect wave 4, which is likely to consolidate for a few days.
Wave 4 is likely to have moves on either...
I feel it is time to be little cautious.
Post 4th June(the election results day), we have seen a good rally in market from 21300 to 26250 today which is almost 25% and that too without a significant pull back or correction.
The rally since past couple of weeks is mainly due to large caps.
There is no reason to be extremely bearish but as per fib retracement, we...
Nifty sustains above 26004 then only upside move possible .24454 is storng support.
Give me some boost to encourage me to do these kind of analysis regularly for you.
Nifty is currently trading at 25,856 and is down 1.23% as of today
- Nifty has a bullish Fair Value Gap of 25,600 and that might soon get filled
- Nifty was printing highs back to back and this euphoric rally had to fade off hence the bloodbath
- As long as the market structure stays intact and doesn't shift the bias will remain bullish
- Don't be a perma bull...
Good morning, friends! 🌞 Here are the market directions and levels for September 30th.
Market Overview:
The global market has a moderately bullish sentiment, and our local market reflects the same moderately bullish sentiment. Today, the market may open with a gap-down due to the SGX Nifty indicating a negative 80 points.
In the previous session, both Nifty and...
Nifty Stance Bullish ️⬆️
The dream run continues, Nifty goes up 356pts ~ 1.38% this week. Seems like there is nothing that can stop this bull run. I guess, the bull market will only end until the last of the bears turn bullish.
Even though we closed slightly red on Friday, the call options premiums were pricing further upside, and the put options decayed so badly...
Good morning, friends! 🌞 Here are the market directions and levels for September 27th.
Market Overview:
There have been no significant changes in the global and local markets; both maintain a bullish bias. Today, the market is expected to open neutral to slightly negative, with SGX Nifty indicating a negative of around -20 points as of 8 AM.
In the previous...
NIFTY Intraday Trade Setup For 26 Sep 2024
Bullish-Above 26050
Invalid-Below 26000
T- 26200
Bearish-Below 25870
Invalid-Above 25920
T- 25680
NIFTY has closed on slight bullish note with 0.25% gain today. Buy on dip approach is still going on. One should follow the same with bullish reversal setup in 5 MIN TF. Also it is valid till index is closing above PDL. If...
NIFTY Intraday Trade Setup For 25 Sep 2024
Bullish-Above 26020
Invalid-Below 25970
T- 26200
Bearish-Below 25880
Invalid-Above 25930
T- 25680
NIFTY has closed on a flat note today. It took resistance at 26k level and that acted as ceiling whole day. It has formed a shooting star candle in daily TF so below its low we can expect a profit booking and in that case...
