Niftyoutlook
Nifty Intraday Support & Resistance Levels for 07.08.2024On Tuesday, Nifty opened gap up, entered the 15m Supply zone mentioned in the last post, and then fell 400 points from the top before closing at 23992.50. The weekly trend (50 SMA) is positive, and the daily trend (50 SMA) is now sideways.
Support Levels:
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (30m): 24266 - 24348
Far Supply/Resistance Zone (30m): 24686 - 24745
Far Supply/Resistance Zone (75m): 24754 - 24835
Note: As of writing this, GIFTNIFTY is trading 280 points positive, indicating we might see a gap-up opening, and the near 30m Supply zone may get violated.
Nifty Intraday Support & Resistance Levels for 06.08.2024On Monday, Nifty dropped significantly, closing 662 points negative. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) has turned sideways.
Support Levels:
Major demand/support zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance zone (15m): 24256 - 24338
Far Supply/Resistance Zone (75m): 24754 - 24835
Nifty 1D Technical Analysis - Nifty's fall has just started if things start to get worse we can soon see a 10% drop
- Nifty is anyways looking overstretched
- Nifty needs to retrace and that will be a good zone or time to look for long term picks
- Nifty has a lot of room to revisit 22,000
Nifty50 Analysis of Monthly Charts₹₹Nifty50 in may showing negative divergences but because of money flows & everyone becoming Bullish on Market after election results. Nifty50 not move with charts & give upward breakout towards 2018 Trend line but Nifty50 slightly cross this. Now Nifty50 might take some break or move along with trend line. But a Blowoff Top is set in all major markets around the clock & starts of bear markets. Thanks you & Trade with proper risk management & consult your advisors.
Nifty 5 August analysisNifty create a bearish engulfing in day timeframe. also nifty support a trendline . if the trendline break with a good volume with day closing then we can see a big down move of24000.
Resistance :24863
support: 24000
RSI and MACD create divergency in day timeframe.
Nifty Intraday Support & Resistance Levels for 05.08.2024On Friday, Nifty opened gap down, took support at the 15m demand zone mentioned in the previous post, and bounced up more than 100 points before closing at 24717.70 (293 points negative). The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) is positive.
Support Levels:
Near Demand/Support Zone (30m): 24624 - 24657
Major Demand/Support Zone (125m): 24296 - 24426
Resistance Levels:
Near Supply/Resistance Zone (125m): 24956 - 25031
Nifty Intraday Support & Resistance Levels for 01.08.2024On Wednesday, Nifty made its third failed attempt to cross the 25000 mark but closed higher at 24951.15. The weekly trend (50 SMA) remains overbought, and the daily trend (50 SMA) is positive. The support and resistance levels remain the same as mentioned in the last post:
Support Levels:
Near Demand/Support Zone (15m): 24711 - 24734
Near Demand/Support Zone (30m): 24624 - 24657
Major Demand/Support Zone (125m): 24296 - 24426
Resistance Levels:
Near Supply/Resistance Zone (15m): 24974 - 25000 (tested yesterday)
Nifty50 Support And Resistance 1-Aug-2024
Please find Above simple resistance and support
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered.
Nifty Intraday Support & Resistance Levels for 31.07.2024On Tuesday, Nifty made a high of 24971.75, just short of the 15m supply zone mentioned in the last post, and fell during the last 30 minutes of trading, closing at 24857.30. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. The support and resistance levels remain the same as mentioned in the last post:
Support Levels:
Near Demand/Support Zone (15m): 24711 - 24734
Near Demand/Support Zone (30m): 24624 - 24657
Major Demand/Support Zone (125m): 24296 - 24426
Resistance Levels:
Near Supply/Resistance Zone (15m): 24974 - 25000
Nifty Intraday Support & Resistance Levels for 30.07.2024On Monday, Nifty opened gap up and made a new all-time high of 24999.75, followed by a fall of over 200 points from the top before closing at 24836.10. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near Demand/Support Zone (15m): 24711 - 24734
Near Demand/Support Zone (30m): 24624 - 24657
Major Demand/Support Zone (125m): 24296 - 24426
Resistance Levels:
Near small Supply/Resistance Zone (15m): 24974 - 25000
NIFTY Intraday Trade Setup For 30 Jul 2024NIFTY Intraday Trade Setup For 30 Jul 2024
Bullish-Above 25000
Invalid- Below 24950
T- 25250
Bearish-Below 24770
Invalid-Above 24820
T- 24535
NIFTY has closed on an absolute flat note after 2 way moves in intraday. It has formed a spinning top candle in daily TF exactly at 25K zone. This indicates a potential halt or reversal. Below 24770 index may reverse in short term however a closing in daily TF will confirm this. Also final confirmation of reversal will be when NIFTY will make a bearish price action in daily TF. 25k and 24770 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25k then we will long for the target of 25250.
For selling we need a 15 Min candle close below 24770. T- 24535.
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.
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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.
Nifty50 (29th July) 2/224888---24911 NO TRADE ZONE
Hourly candle 🕯 closes above 24911 then could test 📈 25025
Closing below 24911 -- 24888 in hourly candle 📉 📉 could test support at 24650 (Fib gap pending )
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty50 (29th July)If hourly candle 🕯 closes above that white trend line or 24999 then could test above target 25095 or the trend line in red, if sustains that then could even push higher to 25172 or the blue trend line
If rejects or closing sustains below 24999 or the white line then could 📉 📉 to below price marked on the chart
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty BUY !!!! RR 1:3For 2days nifty is bullish
So I think it might reach a new highs in this week also
Nifty Intraday Support & Resistance Levels for 29.07.2024On Friday, Nifty broke the resistance level of 24450 in the first 15 minutes, then rallied to a new all-time high of 24861.15 and closed at 24834.85 with a gain of 428 points. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near Demand/Support Zone (15m): 24711 - 24734
Near Demand/Support Zone (30m): 24624 - 24657
Major Support/Demand Zone (125m): 24296 - 24426
No supply/resistance zone is seen on the chart as of now.
NIFTY ANALYSIS FOR THE WEEK STARTING 29TH JULY 2024.Last week on the daily time frame nifty gave a long bearish engulfing candle after which the follow up candle did not close below 24300 and nifty reversed.
In one hour time frame Nifty closed above 24520 and turned bullish and closed near All time high.
For Monday
Nifty is Bullish above 24870 or may become short term bearish if one hour candle closes below 24700.
For the Week.
Nifty is bullish in the short term and may see some correction during the week .If Nifty closes below 24300 then we may change our view.
Keep booking profits at regular intervals.
Trade wisely and safely.
Ramakrishnan
I am not a SEBI registered analyst.
Nifty Analysis for Monday 29 July 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000.
So I am providing highest probability intraday setup in Nifty50
My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce.
If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
Nifty50 (25th July) 1/1If hourly candle 🕯 closes above 24345 then could test above target 24433 -- 24483
If closing below 24345 in hourly then could 📉 📉 to 24258
Disclaimer :
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty Intraday Support & Resistance Levels for 26.07.2024On Thursday, Nifty opened gap down but recovered 200 points from the day low and closed at 24406.10. The Weekly trend (50 SMA) and Daily trend (50 SMA) remain positive. As Nifty stayed between the important levels of 24200 to 24450, the support and resistance levels remains the same as mentioned in the last post.
Support Levels:
Major Demand/Support Zone (75m): 24056 - 24150 (already tested 2 times)
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (75m) for weekly trade: 24607 - 24674
Far Supply/Resistance Zone (15m): 24741 - 24774
NIFTY Intraday Trade Setup For 26 Jul 2024NIFTY Intraday Trade Setup For 26 Jul 2024
Bullish-Above 24470
Invalid-Below 24420
T- 24685
Bearish-Below 24210
Invalid-Above 24260
T- 24012
NIFTY has closed on a flat note today after a big gap down. It opened directly below sell level however no candle closed below that. 10 o'clock range was to be used as per trade setup. Range broke upside above 24305 and gave a one way move till 24425, risk (last swing low) was around 30 points. If market opens flat tomorrow then we may see continuation of the bullish move above today's high. 24685 will be target as per plotted ABCD.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24465 then we will long for the target of 24685.
For selling we need a 15 Min candle close below 24200. T- 24k.
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.
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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.
NIFTY VIEW FOR THE WEEK STARTING 22nd JUL 2024Nifty analysis is based on PEMA and Hull Moving Average. On Friday Nifty had formed a Bearish Engulfing Pattern. The trend or the direction of Nifty seems to be on the down side if it breaks 24500 and closes below it. Then we can see a level of 23200.
If it breaks the high of 24860 and closes above it , then the market turns Bullish and we can see new highs in the coming days.
