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NIFTY Analysis for 27 Nov 23Nifty has been consolidating in a triangle pattern, which is a continuation pattern. It will be sideways by the time it is inside the pattern; if it comes out of it, there is more chance that it will break upside. Once it breaks to the upside, make the entry; once it gives a little retracement, it can give a really nice bull target. Reasons: Ascending Triangle consolidation is about to break. (Bullish) Downside trendline support, 200 EMA support, and minor flat zone support. Multiple support points can provide nice support. (Bullish) PCR = 0.86 ( Mild Bullish) Max Pain = 19800 RSI 40-60, which is moslty sideways. for bullish let it go above 60, and for bearish let it go below 40. The upside is only a single resistance zone, which is highly volatile and has touched multiple times; if it breaks this time, there is a greater chance that it will continue the bullish momentum. Verdict: Chances are to get bullish-breakout. Plan of action: Keep a neutral position inside the triangle pattern. If it breaks, adjust the position according to it.
NSE:NIFTY
by finnova_
Nifty Live Intraday updates for 24-11-2023Nifty important levels to watch are as follows #Support: 19785 Sell below: 19785 only on 15 minute candle closure below the level. Target 1: 19730 Target 2: 19640 #Resistance: 19835 Buy Above: 19835 only on 15 minute candle closure Above the level. Target 1: 19880 Target 2: 19930 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
23rd Nov ’23 Nifty Postmortem - On the Cusp of breakout 🐂🐂🐂Nifty Today Analysis Recap from yesterday: “I wish to continue my neutral stance till 19875 is not broken out above which I would go bullish. For a bearish stance, Nifty will have to take out the 19562 support.” 5mts chart link - click here The opening minutes gave the impression that 19875 would be broken for good, but that firepower did not last. By 10.00 Nifty made up its mind and started trading sideways. After that initial acceleration, we had a boring price action for the rest of the day. One good thing is that we did not retest the 19776 support level - which shows some indication that we are gearing up for an up-move. 1hr chart link - click here On 16th Nov we hit the 19875 levels and broke down, today we broke through that same SR level of 19776 before retesting the 19875. Yesterday’s 14.15 strong green candle read along with the opening price action of Today shows some signs that the bulls are trying to get their mojo back. If you have read my previous post-mortem reports, I have been staying neutral since the 17th and it looks like that is going to change tomorrow. As soon as 19875 is broken on the 1hr TF, I would prefer to go bullish. I will update you guys via the tradingview minds section if that happens tomorrow.
NSE:NIFTY
by viswaram
#Nifty directions and levels for NOV 23"Good morning, friends! As of November 23rd, there is no significant difference from the last session. The global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up or a neutral start, as the GiftNifty indicates a value of +10. After that, even if the market takes a pullback, we can't expect a big move that doesn't break the immediate resistance. At the same time, if it rejects around the immediate resistance, then it will turn into a range market. On the other hand, if the gap-up doesn't sustain or if it opens gap-down, we can expect the same range market sentiment, and correction will occur when the market breaks yesterday's low."
NSE:NIFTY
by Manickamtraders
22nd Nov ’23 - Nifty PostMortem - An Intraday W Pattern 📈Nifty Analysis Recap from yesterday: “One thing is for sure, we would need BankNifty to fire up and reverse course for any further bullish stunts by Nifty. There is no way Nifty can do it without the support from the Banks. I would prefer to maintain my neutral strategy till we take out the 19875 levels. On the downside, I would prefer to go short if 19562 is taken out.” 5mts chart link - click here My concept of having a neutral stance meant a day without volatility, not like a day today wherein we had sharp price movements with a flat closing. Nifty opened inline today, retested yesterday’s high, and then started falling. We fell approx 121pts ~ 0.61%. Once it broke the 19776 support line, the length of the red candles kept on increasing showing visible evidence of breakdown. At 12.25 we hit the low for the day and then started reversing. Quite surprisingly the stop & reverse formed a W (double bottom-like pattern) on the 5mts TF and we took out the 19776 resistance with good-length green candles. Nifty retraced the entire fall and ended the day with a gain of 0.14% despite BankNifty staying down. 1hr chart link - click here The 14.15 green candle is standing out today showing some evidence that Nifty has respected the 19776 support. No matter how hard Nifty50 tries, it cannot go up beyond a limit till BankNifty joins the rally. I wish to continue my neutral stance till 19875 is not broken out above which I would go bullish. For a bearish stance, Nifty will have to take out the 19562 support.
NSE:NIFTY
by viswaram
#Nifty directions and levels for NOV 22"Good morning, friends! As of November 22nd, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up or a neutral start, as the GiftNifty indicates a value of +10. If the market breaks the immediate resistance, we can expect a pullback continuation. On the other hand, if the gap-up doesn't sustain or if it opens gap-down, we can expect a correction, but it should break the Fibonacci level of 38%."
NSE:NIFTY
by Manickamtraders
21st Nov ’23 - Nifty PostMortem 19776 is a strong SR zone 👈Nifty Analysis Recap from yesterday: “So I would like to continue with my neutral stance till then. For bullish momentum to resume, Nifty will have to take out 19776 and 19875 in one go, but for a bearish signal a single support break would suffice.” 5mts chart link - click here The open was right at the resistance level of 19776 and interestingly the day’s low was set in the opening 5mts itself. We kind of broke out from this support/resistance zone by 12.10 and hit an intraday day of 19829 by 12.25. Unfortunately, these extra gains did not get defended because Nifty50 closed right back at the SR level @ 19780. One thing is sure, Nifty was not at all looking weak today - it defended its ground pretty well. As we discussed yesterday, we cannot go bullish until 19875 is taken out in a single attempt, today that did not happen hence it is better to look for non-directional theta decay strategies till we get a strong clue. 1hr chart link - click here On the 1hr TF, we made an island formation today, the gap-up created that illusion. The orange support/resistance line is proving so vital now. One thing is for sure, we would need BankNifty to fire up and reverse course for any further bullish stunts by Nifty. There is no way Nifty can do it without the support from the Banks. I would prefer to maintain my neutral strategy till we take out the 19875 levels. On the downside, I would prefer to go short if 19562 is taken out.
NSE:NIFTY
by viswaram
Nifty Live Intraday Updates for 21-11-2023Nifty important levels to watch are as follows #Support: 19750 Sell below: 19750 only on 15 minute candle closure below the level. Target 1: 19720 Target 2: 19680 #Resistance: 19800 Buy Above: 19800 only on 15 minute candle closure Above the level. Target 1: 19830 Target 2: 19880 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
2
#Nifty directions and levels for NOV 21"Good morning, friends! As of November 21st, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up, or a neutral start, as the GiftNifty indicates a value of +60. There is no significant difference compared to the last session. Structurally, we can expect a range-bound market, either if it undergoes a pullback or if the gap-up doesn't sustain. In my personal opinion, we should wait for confirmation at the immediate support or resistance levels before expecting the next move."
NSE:NIFTY
by Manickamtraders
NIFTY prediction for 21st Nov NIFTY is neutral for now as it is roaming in the range of 19600-19800. 19800 is showing lots of OI, which will be acting as resistance. On the downside, 19600 will be acting as a support zone. If the 19800 level breaks, then after retesting, you can easily go long Unless you keep a neutral trade of rangebound 19600-19800. Reasons: 19617 is a Good price action support. 50 EMA also will be providing a nice support. If that level breaks, the next strong support point will be 19500. 200 EMA downside at 19500 will be acting a strong support, also backed by price action support. RSI Bullish Divergence and value is 40-60, usually sideways. PCR = 0.73 (Neutral) with MAX PAIN = 19700. Verdict: Neutral Sideways unless it breaks to the upside. Plan of action: IRON Condor for 19600-19800.
NSE:NIFTY
by finnova_
Nifty Live Intraday Updates for 20-11-2023 !Nifty important levels to watch are as follows #Support: 19700 Sell below: 19700 only on 15 minute candle closure below the level. Target 1: 19650 Target 2: 19610 #Resistance: 19750 Buy Above: 19750 only on 15 minute candle closure Above the level. Target 1: 19800 Target 2: 19860 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
2
Nifty Live Intraday Updates for 16-11-23 !!Nifty important levels to watch are as follows #Support: 19610 Sell below: 19610 only on 15 minute candle closure below the level. Target 1: 19560 Target 2: 19485 #Resistance: 19680 Buy Above: 19680 only on 15 minute candle closure Above the level. Target 1: 19745 Target 2: 19820 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
17tht Nov ’23 Nifty PostMortem - An interim top formation?Nifty Analysis Recap from yesterday: “On the 1hr chart, we closed slightly below 19776, the 14.15 hourly candle is well-lit like a beacon. I am still continuing my bullish stance in the hopes that 19776 will get taken out during the forenoon session tomorrow. If not, I will be changing my stance to neutral” chart link: click here Nifty opened gap down and then closed that gap in the first candle itself. It continued to go up till 10.00 wherein the resistance of 19776 was briefly crossed on the 5mts TF. Unfortunately, these gains did not last that long and we started falling in a narrow range for the rest of the day. Nifty has to be given some credit today, BankNifty was falling like a house of cards but Nifty held its ground quite well. As we discussed yesterday, I had to change my stance from bullish to neutral since the resistance of 19776 was not taken out. Chart link: click here On the 1hr TF, it kind of looks like Nifty has made an interim top at these levels. Primarily because this leg of the run was due to NiftyIT and not BankNifty. And now BankNifty is battling the news about Capital Adequacy Ratio and there could be some more selling due to that. At present, I wish to change my stance to neutral and wait for further clues. If we start dropping on Monday, I would prefer to go bearish with the first target of 19562 and then 19446.
NSE:NIFTY
by viswaram
NIFTY Analysis for 17 NovAs we discussed yesterday Nifty gave a nice bull move after the breakout. but in last 30 min it faced a heavy selling from the marked supply zone. Because selling was with good volume that shows the bulls weekness. and also RSI diversion was there. today it seems to be in range bound. Reasons: Heavy selling with good volume in last 30 min. PCR = 1.01 (Bullish), MAX Pain 19750 RSI diversion (Bearish) Price >> EMA 200 (Has to come back) (Bearish) Verdict: Sideways Range bound Plan: Observe the 15 min candle and go only for selling options. will update soon
NSE:NIFTY
by finnova_
Is NIFTY Bull Breakout Successful?As we discussed yesterday, NIFTY didn't go bearish. Instead, it gaped up. Once we saw the gap, the idea was updated to wait. But now NIFTY has given a trendline breakout, as can be seen on the chart. So NIFTY might be in the Bull's favor now. Reason: PCR = 1.16 (Strong Bullish) RSI Diversion it might require some consolidation of a re-test. Target to bull side 19800. but as its expiry tomorrow might result in sideways. Price > EMAs (Bullish) Option chain Bullish Verdict: Bullish Plain of action: observe 15 min trend if its bullish then go bullish.
NSE:NIFTYLong
by finnova_
Nifty Live Intraday Updates for 15-11-23 !Nifty important levels to watch are as follows #Support: 19580 Sell below: 19580 only on 15 minute candle closure below the level. Target 1: 19540 Target 2: 19460 #Resistance: 19655 Buy Above: 19655 only on 15 minute candle closure Above the level. Target 1: 19700 Target 2: 19770 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
NIFTY Prediction for 15 Nov 23As we have been discussing NIFTY is in the Channel and it has faced resistance upside and now at the moddle of the channel. if it comes to downside it will be continuing it move to downside till the lower support of the channel. Reasons: 4H-tf Trendline as resistance upside. trading at middle of. channel, might take support from here. if breaks to downside possible support are EMA 200 and channel lower support. RSI is in the range of 40-60 mostly sideways. Last hour heavy volume Selling, shows quite the intrest in bearish side. PCR = 0.82 (Neutral) Price >> VWAP (Bearish sign) can't stay far for long time. Verdict: If Breaks middle of the channel then Bearish. else play neutral. Plan of action: SELL 19450 CE and hold it.
NSE:NIFTYShort
by finnova_
13th Nov ’23 - Nifty PostMortem - Just like a DIWALI rocket ⬆️⬇️Nifty Analysis Recap from yesterday: ”For monday, I wish to continue with the neutral stance — but a slight bias to the bullish side after seeing today’s momentum. The first level to watch will be 19562 on the upside and 19310 downside.” On the 5mts TF, I have encircled 3 regions. The close on Friday. The Diwali Muhurat trading on Sunday. The close of today. Sunday’s trade appears to be a blip. Just like the fireworks that we light on Diwali - they go up, illuminate, and then fall back to the ground. Our market was like that rocket on Sunday. A mega gap up, island day formation, and then back to earth after today’s close. Even I did not anticipate the neutral call to work out so perfectly. Few things have changed after today’s price action. 19446 support/resistance is proving to be more important than thought earlier. Today between 10.05 to 10.20, I really thought we would break it for the greater good and go back to bearish mode. Unfortunately, all the action stopped after the first hour of trade today and we were perfectly directionless for the remainder of the day. On the 1hr chart, today’s 2nd hourly candle stands out. It broke through the 19446 support but failed to gather steam. The depth of that candle should not be taken lightly, I am seriously considering looking out for bearish opportunities as they uncover. Since its a holiday tomorrow, the view for Wednesday could be a bit complicated. Ideally, I wish to maintain the neutral stance as nothing has changed but how SP:SPX behaves today and tomorrow also has to be considered. The first checkbox to tick is a rising VIX, only then a down move can be justified. The options premiums as it stands are not worth selling. A bit of uncertainty and panic will drive up the premiums & I am ready to wait.
NSE:NIFTY
by viswaram
Nifty Live Intraday Updates for 11-11-2023Nifty important levels to watch are as follows #Support: 19330 Sell below: 19330 only on 15 minute candle closure below the level. Target 1: 19300 Target 2: 19270 Target 3: 19250 #Resistance: 19365 Buy Above: 19365 only on 15 minute candle closure Above the level. Target 1: 19390 Target 2: 19420 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
1