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#Nifty directions and levels for JAN 10."Good morning, friends! Here are the directions for January 10th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty showing a -45. Nifty exhibits a triangle structure. If it finds support around 21500 or the demand zone, we can anticipate a pullback. This pattern suggests a breakout followed by a pullback wave, although confirmation signals are advisable. If the upcoming pullback breaks the Fibonacci level of 38%, we might consider it a minor reversal, with a target set between 61% to 78%. Conversely, if it fails to find support or breaches the demand zone at 21466, the correction will likely continue."
NSE:NIFTY
by Manickamtraders
FASP levels for Nifty 10/01/2024The FASP for Nifty is listed for 10-01-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
NIFTY prediction for tomorrow 10 Jan 24As we discussed, Nifty has been moving in a sideways range-bound market in the range of 21500 and 21750. right now, it is on a support line. If it breaks to the downside, it can achieve a nice bearish target. But as we can see, it had formed an insider candle in the time frame. According to the OI data, PCR is 0.65 overall. The market has shown a bearish structure for the past 3 days. There are higher chances to break it to the downside. If it breaks to the downside, I am expecting it to fall nicely; otherwise, I will be playing range-bound Selling options. Reasons: Price < EMAs shows the bearish market. If it falls, a good target can be achieved. (Bearish) RSI has dropped to the bearish zone (<40), which shows very weak bulls in the market. (Bearish) OI data shows PCR = 0.65, which is assumed to be the bearish market condition. Today, CE was added in large quantities, which can be seen in the daily OI change. There is a huge CE writing on levels 21600, 21650, and 21700. (Bearish) 21500 is MAX PAIN. If it breaks to the downside, a good fall can be seen in nifty till the level of 21120. (Bearish) At the time of fall, volume is quite high today, but once it came to support a good volume of CE unwinding (Bearish) Verdict: Bearish Plan of action: Bearish if it Breaks the 21500 level to the downside; otherwise, wait for PA at 21500. Note: PA = Price Action
NSE:NIFTYShort
by finnova_
NIFTY Prediction for tomorrow 9 Jan 24As we discussed nifty yesterday, It could not break to the upside, so entry didn't activate, but it broke to the downside pattern today. Also, if we look into the market, OI data indicates PCR = 0.7, which is bearish. Also, because the market is in the support line, it is still inside the channel. If it breaks the range to the downside, sellers will get activated, and heavy selling might be witnessed. I am expecting the market to move further down if it breaks to the downside. as Banknifty is already super Bearish. Nifty might follow up on the same trend in tomorrow's market. Reasons: Price < EMA(13,50), but it's close to 200 EMA, which might provide a nice support. The trend has broken to the downside. Banknifty is bearish. NIFTY might also follow the same trend to the downside. RSI has dropped to the bearish zone (<40), which shows very weak bulls in the market. OI data shows PCR = 07, which is assumed to be the bearish market condition. Today, CE was added in large quantities, which can be seen in the daily OI change. (Bearish) 21500 is MAX PAIN. If it breaks to the downside, a good fall can be seen in nifty till the level of 21120. Verdict: Bearish Plan of action: Bearish if it Breaks the 21500 level to the downside; otherwise, wait for PA at 21500. Note: PA = Price Action
NSE:NIFTYShort
by finnova_
Weekly Market Report- Bullish Momentum with Key Support at 21500Overview: The market is currently experiencing a bullish phase in both the daily and weekly time frames, with the current trading level at 21700. In-depth analysis on the 75-minute time frame reveals a strong support level at 21500, corroborated by the SMA 50. This suggests a potential consolidation between 21500 and 21800. While the overall sentiment is bullish, it's crucial to emphasize the importance of risk management. Technical Analysis: 1. Bullish Momentum: - Daily and weekly time frames indicate a prevailing bullish trend. - Current market price at 21700 reflects the strength of the upward momentum. 2.Support at 21500: - On the 75-minute time frame, the market has established a robust support level at 21500. - SMA 50 is reinforcing this support, adding to the credibility of the level. 3.Consolidation Zone: - Anticipate a potential consolidation phase between 21500 and 21800. - Traders should monitor price action within this range for potential breakout or breakdown signals. Risk Management: 1.Importance of Risk Management: - Despite the bullish outlook, it is essential to prioritize risk management to safeguard capital. 2.Setting Stop-Loss Levels: - Identify key support levels, such as the established 21500 support, to set appropriate stop loss orders. - Avoiding undue exposure and setting realistic stop-loss levels are integral to risk mitigation. 3.Monitoring Price Action: - Continuously monitor price action and be prepared to adjust risk management strategies based on market developments. - Adaptability is key to navigating potential changes in market sentiment. Conclusion: In summary, the market is currently in a bullish phase, with a strong support level at 21500 indicating a potential consolidation zone. Traders should remain vigilant, employ effective risk management strategies, and adapt to evolving market conditions. While the overall sentiment is positive, it is crucial to prioritize capital preservation through prudent risk management practices. Remember, this analysis is for educational purposes only.
NSE:NIFTYLong
by TTS007
NIFTY Prediction for tomorrow 8 Jan 24As we have been discussing the NIFTY in the channel, It performed really well. But now it's forming a new pattern that can be seen in the chart. Nifty has been showing a very bullish signal as it has been super bullish in the last hour today. Suppose we look into OI data PCR = 0.88, which is assumed to be mild bullish. Also, it has been taken support at the trendline. I am expecting it to go bullish if it can break the 21700 to the upside. Then, once it retraces, we can make the entry and hold till 21900 min as marked on the chart. OR it can be sideways inside the given ascending triangle marked using BLUE annotation. Reasons: Price > EMA(13,50,200) which shows price have strength. The bulls are in control. (Bullish) EMA(13,50) crossover shows bullishness in the Market. RSI is about to cross 60 to the upside, which means it's entering in the Bullish zone. RSI is showing good strength in trend. OI data PCR = 0.82, which is mild bullish. As it's the first day, it won't make any difference, but still, it's a sign of bullishness. Along with it, In 2nd half today, most Positions have been exited, and 21700 and 21800 still have nice resistance. The market has taken very nice support from 50 EMA. There are chances to go HH, HL. Verdict: Bullish Plan of action: Sell 21700 PE + BUY 21300 CE(For hedge and margin benifits)
NSE:NIFTYLong
by finnova_
2
NIFTY Prediction for tomorrow 5 Jan 24As we have been discussing the NIFTY in the channel, It performed really well. But now it's forming a new pattern that can be seen in the chart. Nifty has been showing a very bullish signal as it has been super bullish in the last hour today. Suppose we look into OI data PCR = 0.88, which is assumed to be mild bullish. Also, it has been taken support at the trendline. I am expecting it to go bullish if it can break the 21700 to the upside. Then, once it retraces, we can make the entry and hold till 21900 min as marked on the chart. OR it can be sideways inside the given ascending triangle marked using BLUE annotation. Reasons: Price > EMA(13,50,200) which shows price have strength. The bulls are in control. (Bullish) EMA(13,50) crossover shows bullishness in the Market. RSI is about to cross 60 to the upside, which means it's entering in the Bullish zone. RSI is showing good strength in trend. OI data PCR = 0.82, which is mild bullish. As it's the first day, it won't make any difference, but still, it's a sign of bullishness. Along with it, In 2nd half today, most Positions have been exited, and 21700 and 21800 still have nice resistance. The market has taken very nice support from 50 EMA. There are chances to go HH, HL. Verdict: Bullish Plan of action : Sell 21700 PE + BUY 21300 CE(For hedge and margin benifit)
NSE:NIFTYLong
by finnova_
Nifty weekly expiry levels for 04/01/24Nifty is currently sitting on the support of 38.2% fib level and it is a good support for the index. This is the third time the support is being tested. If there is a break down of the levels 50% anf 61.8% levels can be tested on the expiry day. Major support levels :- 21420, 21300 If there is a flat or gap up opening wait for the bearish price action as market is in bullish trend on daily time frame. Bullish trades only above 21585 with a targets of 21690 and 21830. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty prediction for tomorrow 4th Jan 24As we have discussed, the Nifty in the morning analysis fell quite a few points with a nice selling volume. Right now, Nifty is moving into the bearish channel and is supposed to complete it. It will move to the 200 EMA, and it might take support there. According to the OI data, PCR 0.62 means it's very bearish. I am expecting it to fall to 200 EMA. Reason: Price < EMA(13,50,200) in 15 min TF. it's very bearish right now. (Bearish) OI data shows PCR 0.62, which is very bearish, and higher levels 21500, 21550, and 21600 are showing very high CE writing. 21600 is a very strong resistance. (Bearish) RSI < 40 shows the very weak power of bulls. (Bearish) 21500 is a good price action level. If it breaks to the downside, then it will give a nice fall. In the 2nd half, it has been a very good selling with the increasing volume of every candle. Verdict: Bearish Plan of action : If the morning candle opens sideways, then you may go Bearish; in the case of Gap, wait for the trend.
NSE:NIFTYShort
by finnova_
NIFTY prediction for today 2nd Jan 24As we have discussed, Nifty has been moving upwards in the channel. It was trading up on the channel. But yesterday, in the last 30 minutes, the fall was very strong. It might be the clear-cut signal of the Bearish market ahead in the week. Reasons : It has been traveling in the bullish channel side. The fall was sharp, indicating the power for bears is strong at 21800. 21680 has been providing support. If it breaks to the downside, the next direct target will be 200 EMA. According to the OI data, PCR is 0.9. which is mildly bullish. 21700 still has very nice support. If it breaks, bears will be gaining control. in 15 min TF price < EMA(13,50). if there is a crossover, EMA(13,50), the market will turn bearish. and the direct target will be 21500. RSI is near 40 going downwards, which means the market is going to be bearish today. RSI is showing bearish divergence, which means a fall is expected. most of the points discussed above show that the market is going to be bearish for this week. Verdict: Bearish Plan of action: Sell 21750 CE and hedge it with a small CE premium.
NSE:NIFTYShort
by finnova_
NIFTY prediction for 1st Jan 24 (🚀 Happy New Year 🚀 ) 🥳Greetings, fellow traders! As we bid farewell to 2023 and welcome 2024, I want to wish you all a very Happy New Year. 🎉 What a year it has been for us! We have witnessed some incredible highs and lows in the market, and we have learned a lot from our successes and failures. We have also grown as traders, honing our skills and strategies, and adapting to the changing conditions. But we are not done yet. We have a new year ahead of us, full of new opportunities and challenges. We have a chance to start fresh, to correct our mistakes, and to improve our performance. We have a goal to achieve, to become the best traders we can be. And we will do it together, as a community of passionate and dedicated traders. We will support each other, share our insights and tips, and celebrate our wins. We will also be smart and disciplined, following our plans and rules, and managing our risks and emotions. So, are you ready to take on 2024? I know I am. But before we do, let’s take a moment to review the most important index for the Indian market: NIFTY. NIFTY has been moving in the rising Bullish zone, as discussed. It has touched the upper channel of the bullish zone. This indicates Nifty will soon be taking a bearish move. Looking at OI PCR = 0.90 (Neutral) indicates the market is neutral for now. But the chart indicates it will turn bearish soon. Reasons: RSI is 40-60, which is mostly sideways; OI confirms the same. it's near the middle channel of the bullish zone. If it breaks to the downside, it will trigger a bearish move in the market. Price > EMA(50,200), which indicates the market is still in bulls' control. Green Zone, which is 21500, will be providing nice support, which is also a barrier between bullish and bearish zones here. RSI shows bullish divergence, as has been marked on the chart. Verdict: Neutral OR Bearish Plan of action: Sell 21800 CE and 21500 PE and hedge them with a small premium option value.
NSE:NIFTY
by finnova_
FASP levels for Nifty 29/12/2023The FASP for Nifty is listed for 29-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
Nifty Live Intraday updates (Monthly Expiry)Nifty important levels to watch are as follows 📍 Support: 21580 📊Sell below: 21580 only on 15 minute candle closure below the level. 📉Target 1: 21500 📉Target 2: 21420 📍 Resistance: 21675 📊 Buy Above: 21675 only on 15 minute candle closure Above the level. 📈Target 1: 21775 📈Target 2: 21840 ⚡⚡ 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 refer our Indicators published on tradingview if you find it useful give it a like. ⚡⚡ Follow us for more such information, 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 Live Intraday Updates for 26-12-23 !!Nifty important levels to watch are as follows 📍 Support: 21325 📊Sell below: 21325 only on 15 minute candle closure below the level. 📉Target 1: 21280 📉Target 2: 21220 📍 Resistance: 21395 📊 Buy Above: 21395 only on 15 minute candle closure Above the level. 📈Target 1: 21440 📈Target 2: 21500 ⚡⚡ 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 refer our Indicators published on tradingview if you find it useful give it a like. ⚡⚡ Follow us for more such information, 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
FASP levels for Nifty 26/12/2023The FASP for Nifty is listed for 26-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
NIFTY prediction for tomorrow 26 Dec 23NIFTY has been moving in the parallel channel, as has been marked on the chart. NIFTY has 200 EMA support downsides, which have not been tested once. Now, there are only 2 possibilities: it stays in the above channel, and it will be going high and touch the upper channel and face resistance there. But if it stays in the lower channel, then it will surely touch the 200 EMA. Reasons: Price = EMA(13,50) can go up or down. (Indecisive) RSI is 40-60, mostly sideways momentum. (Sideways) HH and HL formation trend is still bullish unless it makes the HL. (Bullish) PCR = 1.12 shows bullishness in the trend. There are higher chances to stay in the above channel. According to the OI data, 21300, 21200, and 21400 Have high PE Writing on the last trading day. But Overall, 21500 has been showing hard resistance 21200 as a support point. This week's expiry is expected to end in 21200-21500. Verdict: Bullish is in the green channel, and Bearish is in the red channel. Plan of action: Intraday: observe the 15-minute candle, then make the position based on chart analysis. Weekly position : Sell 21200 PE + Sell 21500 CE.
NSE:NIFTY
by finnova_
2
FASP levels for Nifty 22/12/2023The FASP for Nifty is listed for 22-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
Nifty Live Intraday Updates for 21-12-2023Nifty important levels to watch are as follows 📍 Support: 20980 📊Sell below: 20980 only on 15 minute candle closure below the level. 📉Target 1: 20900 📉Target 2: 20790 📍 Resistance: 21090 📊 Buy Above: 21090 only on 15 minute candle closure Above the level. 📈Target 1: 21160 📈Target 2: 21240 ⚡⚡ 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 refer our Indicators published on tradingview if you find it useful give it a like. ⚡⚡ Follow us for more such information, 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 Live Intraday Updates for 20-12-23Nifty important levels to watch are as follows 📍 Support: 21430 📊Sell below: 21430 only on 15 minute candle closure below the level. 📉Target 1: 21380 📉Target 2: 21300 📍 Resistance: 20505 📊 Buy Above: 20505 only on 15 minute candle closure Above the level. 📈Target 1: 21550 📈Target 2: 21630 ⚡⚡ 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 refer our Indicators published on tradingview if you find it useful give it a like. ⚡⚡ Follow us for more such information, 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
FASP levels for Nifty 19/12/2023The FASP for Nifty is listed for 19-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran