NIfty Prediction today 31st OctNifty has been quite bullish for past 2 days after a long fall. but it seems it has a resistance to upside now as shown in the chart. It might move to the 19250 and then have some consolidation.
Reason:
200 EMA Resistance (Good Resistance)
Price Action Resistance (Red Zone upside)
Price > (13,50) EMA (shows bullishness)
EMA(13,50) Crossover (Bullish)
PCR = 0.78 (Neutral)
RSI > 50 (Bullish)
RSI Bearish Divergence
Verdict:
Mild Bullish
Plan of action:
Observe the 15 min Candle, follow the price action.
Niftyoutlook
Nifty trading levels for 31/10/23.Nifty levels
Support :- 19070, 19900
Resistance :- 19250, 19400
Market move in a lower low lower high formation in the bearish trend.
First leg was formed after creating a ATH and after that it consolidated and now it has formed lower low. This leg is for a retest and another bearish move can be seen.
Keep in mind the festive buying will also be there.
Look for a perfect setup as there will be nice move as the consolidation was in the good range.
Nifty Live Intraday Updates for 30-10-23 !Nifty important levels to watch are as follows
#Support: 19015
Sell below: 19015 only on 15 minute candle closure below the level.
Target 1: 19950
Target 2: 19880
#Resistance: 19080
Buy Above: 19080 only on 15 minute candle closure Above the level.
Target 1: 19160
Target 2: 19200-19230
=> # 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 swing based support and resistance indicator 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.
FASP levels for Nifty 30/10/2023The FASP for Nifty is listed for 30-10-2023. 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.
Nifty Live Intraday Updates for 27-10-2023 !Nifty important levels to watch are as follows
#Support: 18927
Sell below: 18927 only on 15 minute candle closure below the level.
Target 1: 18890
Target 2: 18850
#Resistance: 18985
Buy Above: 18985 only on 15 minute candle closure Above the level.
Target 1: 19020
Target 2: 19075
=> # 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 swing based support and resistance indicator 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.
Nifty expiry day special analysis 26th oct 2023Good morning Traders,
Guy's Nifty have broken important support zone 19200-19250. As i told you, if nifty breaking these levels then we can see further downside, now i am expecting levels towards 18800 in coming days. GIFT nifty also suggesting a negative opening, Asian Market also in Red everywhere, American Market has given closing more than 2% dowside, keeping all these parameters in mind we can analysis easily that Indian Market also gonna to react as it is..Market is on sale on rise..
Important levels for Nifty:-
Support Zone 18900
Resistance Zone 19200
Strong Support Zone 18800-18850
Strong Resistance Zone 19400-19500
Buy on opening and accumulate more if you see nifty towards 19100-19150
and kee stop loss accordingly
Targets will be 19000/18900/18800
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Will nifty be taking Support at 18650?As we discussed yesterday in NIfty it continue to move as bearish trend. according to the analysis it still seems to go in the same direction. as this present level is minor support line. there might be a minor support here. but at lower 18650 is strong support zone which might provide a nice support in upcoming week.
Reasons :
Price < EMAs (Bearish)
Price << 200 EMA that means minor support line might give a support here.
RSI is very low shows weakness in bullishness.
PCR = 0.61 (Bearish) too early to comment using PCR.
Verdict :
Market is still bearish
Plan of action:
You can sell higher upticks. dont make any bullish positions unless it shows some pprice action on 18650 such as double bottom or big bullish hammer or marubozu, a good signal of reversal.
Nifty daily analysis for 27/10/23.Nifty has given a nice fall in the first hour of the session and consolidated in 50 points range in the second half.
It has closed around the 200 ema on the daily charts forming another bearish candle of 265 points.
On the hourly chart, the market has after the 10:15 candle it remained in a range and has been trading below the moving averages.
There is a 3.5% fall in just 3 trading session and there are chances of taking a halt as it is trading around the crucial moving average.
Support :- 18850, 18650
Resistance :- 18900, 19000
Wait for the price action near the levels before entering the market.
Nifty Monthly Expiry 26-10-23 Live updates !!Nifty important levels to watch are as follows
#Support: 18930
Sell below: 18930 only on 15 minute candle closure below the level.
Target 1: 18860
Target 2: 18800
#Resistance: 19040
Buy Above: 19040 only on 15 minute candle closure Above the level.
Target 1: 19110
Target 2: 19200
=> # 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 swing based support and resistance indicator 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.
FASP levels for Nifty 26/10/2023The FASP for Nifty is listed for 26-10-2023. 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.
Nifty Trade Setup for 25-10-23Nifty important levels to watch are as follows
#Support: 19260
Sell below: 19260 only on 15 minute candle closure below the level.
Target 1: 19210
Target 2: 19160
#Resistance: 19335
Buy Above:19335 only on 15 minute candle closure Above the level.
Target 1: 19380
Target 2: 19435
=> # 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 swing based support and resistance indicator 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.
Nifty Intraday levels 25th Oct 2023Good Morning Everyone,
Nifty showed a downside breakout falling below the 19334 support zone,, A long bear candle was formed on the daily time frame which could prove to be a resistance in the next upmove, Next support for nifty will be 19223, if this got breaks then nifty can head towards 18850 levels, while 19480 can provide resistance. Well Gift nifty is showing a gap up opening, but i think it will not sustains, even if we see good momentum for upside, try to sale on higher range, risk and rewards will be favorable, Well Banknifty has really broken important support zone 43300, but nifty still holding 19250 levels, a last hope for today will be 19200, any closing below this nifty will be ready to go further downside.
Important levels for Nifty:-
Important Support Zone 19200-19250
Important Resistance Zone 19450-19500
Buy above 19350, if levels sustains at least for 30 Mints.
Targets we can see in upside 19405/19482
Keep stop loss at 19273
Sale below 19273, if levels sustains at least for 30 Mints.
Targets we can see in downside 19213/19142
Keep stop loss at 19350.
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Monthly perspective - Tight Price ChannelPrice Range: 19200 to 19900, tight range, Charactics,
Institutional Data: Heavy Selling in past 45 days, the amount is reflected in attached screenshot.
Relative strength : Bullish
Upside: 19800-19900 is crucial range
Downside: Below 19200,
Support range 18100, 17400.
What should be done?
19200-19900 is NO ACT ZONE
#Nifty directions and levels for #october20"Good morning, friends! As of October 20th, there is no significant difference between the last session, and the global market sentiment is negative, as indicated by the Dow Jones. However, our market is bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue. Today also the GiftNifty indicates a long gap-down, so if there are any changes in the market's direction, I will inform you in the mid-market session."
NIfty prediction analysis today (20-OCT)NIfty seems bearish as we can see nifty has been in the range as shown on the chart.
Nifty will be facing a good resistance at the level 19665 and also EMA 200 will be providing resistance on uppar side. It seems bearish for this week
Reason:
Price < EMAs(13,200)
RSI is 40, declining shows weaknees of bulls.
up side multiple resistance such as EMA 200, VWAP, priceaction resistance, etc.
PCR = 0.89 (bullish) because people have shorted 19500 heavily.
Verdict:
Data shows the bearish signals or Sideways.
Plan of action:
observe 15 min candle and then once market is settled go for Selling options. option buying may not be good in such market.
FASP levels for Nifty 20/10/2023The FASP for Nifty is listed for 20-10-2023. 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.
17th Oct ’23 - Nifty Breaches Resistance Zone 19776 - PostMortemNifty Analysis
Recap from yesterday: “On the 1hr chart, I wish to maintain the neutral stance until we break out or break down. Since we are near the resistance level, the probability of breaking out could be higher. That does not mean we jump the gun and take the trade early — patience is gold”
Nifty got a mega boost by the gap-up open of almost 118pts ~ 0.6%. Since it took out my resistance zone, I had to change my bias from neutral to bullish. Interestingly Nifty looked strong till 13.20 after which it shed 72pts ~ 0.36% in 50mts. Despite that misadventure, we still respected the support of 19776. The final closing was also quite good and above the 19800 levels.
On the 1hr TF, we have formed an island just above the 19776 levels. Today’s swing high has taken out the highs of 12th October. I wish to continue with my bullish stance as long as the support of 19776 is respected. Ideally, the next target should be 19907 and then 19998 if we are going up.
Not sure why, but our markets are looking bullish despite a war in the Middle East, surging gold, surging crude oil, and surging treasury yields in the US. Why are Indian stock indices insulated from these multi-headed shocks? Either the fundamentals are not bad or the technicals (charts) have not priced in these anomalies. As a technical trader, the only option for me is to follow the charts even while knowing something’s off. India VIX @ 10.69, US VIX @ 17.88
#October17th directions and levels for Nifty"Good morning, friends! As of October 17th, the global market sentiment is positive, as indicated by the Dow Jones. However, our market trend is in a ranging market. It may open with a gap-up, which indicates a ranging market structure. Therefore, if the market rejects the immediate resistance or if the gap-up doesn't sustain, we can expect a range market continuation. We can expect a pullback continuation only if it breaks the immediate resistance."
Nifty daily analysis for 17/10/23.Nifty on the daily charts has formed an inside candle and closed flat forming a doji candle.
It consolidated in a narrow range of 60 points after the first hour candle. There were no movement in the index.
On the hourly charts, nifty traded around the 20 ema and closed between both the moving averages.
Markets are not giving any option buying opportunity in the market. It is consolidating and moving in a sideways trend after gap up or gap down opening.
The closing range of the market is getting smaller and a trending move can be seen in the coming days.
Support :- 19720, 19670
Resistance :- 19780, 19840
Nifty has not given a significant move in recent which is a good thing for a powerful break out or break down.
Wait for the price action near the levels before entering the market.