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Nifty - What a Awesome BULL TrendHii all.. Greetings... Today was a awesome bull trend in nifty, many people missed it as they were bearish. But a simple pattern confirmed today a awesome bull trend. There were 2 Buying opportunity today, one was at the bottom of the trend and another after breaking the resistance. Thanking You Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis .
NSE:NIFTYLong
by NikhilChoudhary2023
Nifty daily analysis for 21/07/23.Nifty almost touched the 20k levels today and has closed near the high. Market are running higher and Bulls are taking on the sellers making it difficult for the option sellers today. On the hourly charts, the first candle was in red and after that whole day the market rallied upside. The breakout gave a good target and option premium gained more than 200% gains. Even during the last hour market kept on going higher without taking a halt and tried to touch the round figure levels. Support :- 19850, 19730 Resistance :- 20000 The market are in the bull market and no real resistance is there. Fibonacci retracement tool can be considered to find resistance levels. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
NIFTY--20K or 19K ??Nifty :: Today price broken the channel and retested...showing bullish momentum towards upside.. if this momentum continues or reversal takes place... what pivot points are suggesting us :: If we see on the Monthly Chart price is broken the R1 with consolidation with a up channel... Resistance R1 is placed @19440 level broken and reach the R2. if we see the next resistance is placed @20175...will price really reach the R3. On bottom side if we see support is located @18700 level... If we see the weekly analysis price is broken the Weekly-R1, and next resistance is located at 19763 level. so we have weekly support located at 19400 range... the next targets for weekly on above side is located at 19765 and 19930 levels. If we see the daily Levels:: Today price broken the R1 with consolidation...and breaks the R2. and the next resistance is located @R3=19790 Level, which is weekly Resistance. so tomorrow we may reach this levels, so consider them as levels of resistance... The support is located @19470 range, which is slightly above the weekly support. the next 2 resistances are 19790 and 19890 Levels. so, until price breaks this level Support point located at S1,19470 We will not go for short side. consider today observations:: price is broken the R1 strongly with consolidation... if this R1 acts as support will be on buyside for targets of R2,R3,R4 as shown in the chart. if price tests R1 and not able to Break R2, breaks R1, will go for short side with pullback to R1 up to S1,S2,S3.
NSE:NIFTY
by IIT-Trader
3
FASP levels for Nifty 20/07/2023The FASP for Nifty is listed for 20-07-2023. 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
Morning Mantra - 20th July 2023Dear All, So yesterday was altogether a roller coaster day for the Market, where Nifty opened at 19802.95, then gradually made a low of 19727.45 during the day and then finally gave us a positive closing of 19833.15 However, the formation of a Hanging Man pattern on the Day chart setup is somehow indicating that a little supply pressure can be witnessed here, once again. Moreover, since today is the day of weekly settlement, therefore being cautious here, will be a better idea as the day can be crucial today. Also, can avoid being too aggressive regarding the Market. Furthermore, with the stop loss of 19550-19300 on immediate basis, can keep following the Cherry Picking strategy as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
19 Jul ’23 Post Mortem on Nifty | 87pts surge in 45mNifty Analysis Today turned out to be a non-eventful day for me. Looking at the premiums yesterday, I came prepared to hunt for similar option prices. Unluckily the premiums did not have that wildly swings like yesterday. In the process I ended up not taking what was available 😢 We opened gap up today and then had an up move till 09.55, from there it fell 110 pts ~ 0.56% till 11.15. This fall was quite interesting as most of the candles were red indicating we could have a momentum pick-up later in the day. But by 11.55 the selling pressure was over and nifty climbed back pretty strongly. One strong reason would be attributed to the reversal in NiftyIT index. It had that perfect V shape today and this sharp reversal helped Nifty scale back up. Nifty already took out the ATH by 09.55 i.e 19841.65, and what happened in the last 45mts was unbelievable yet again. It formed a new ATH of 19847.15 in the closing minutes showing brute bullish strength. Ideally Nifty50 should be scaling further heights because there are no visible resistance levels. Similarly few of the bulls could think about profit booking & it could result in a shallow retracement. Usually I prefer to wait out these periods, because as an option seller - I prefer to trade between support & resistance levels. Whereas an option buyer could design a strategy to play the break-out & break-downs.
NSE:NIFTY
by viswaram
Morning Mantra - 19th July 2023Dear All, On observing the yesterday’s market momentum, it seemed like it was altogether a Rest day for Nifty. As after making a high of 19819.45 and a low of 19690.20, Nifty finally made a closing in an indecisive mode , with no clear cut indication. Besides, in the midst of all this, the positive data from the FII, along with the IT sector’s positive contribution is somehow or the other providing strength to the market. So, yet again we are still with our words to continue following the Cherry picking and to keep Rebalancing the Portfolio, with an immediate stop loss of 19300. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
18 Jul ’23 Post Mortem on Nifty - Reliance's impact on nifty50?Nifty50 had a surprising comeback today, we opened gap up and then there was a strong rally till 11.05 where we set a new all time high of 19819.45. From 11.05 to 12.05 we had a decent fall of 129pts ~ 0.65%. Surprisingly the falling stopped right there and we bounced back quite strong. NiftyIT took part in the rally post 13.30 which helped Nifty stay green. BankNifty was not that supportive though (we will discuss in detail below). Today’s price action shows someone will come up to support nifty in its pursuit, if the banks fail, IT supports. If IT underperforms then RELIANCE or ITC will support. The last 800pts rally would have really sucked the soul out of the bears. No matter what they do, they cannot push down the prices. I was waiting for Nifty to fall below the 19600 to go short, I did not want to go long because I was scared of heights 🙂. How Reliance demerger will plan out on 19th July is another question. The current stock value of Reliance is considered as the sum of reliance + jio financials. On 19th both the entities will be delisted and on 20th only reliance will be relisted. So whatever price difference between the closing price of 19th and pre open price of 20th is considered the share price & percentage of Jio financials. In an ideal case Nifty50 index should take a big hit - I am yet to find out how they are hard coding to prevent this from happening. Thats because Jio Financials as a separate entity is not eligible to be part of Nifty50 & Reliance will have a reduced market cap & pricing which should create outflows. The hourly chart is looking bullish and no worries so far. I am so inclined to be a contrarian and take a short position near the 19600 levels, not because I am bearish but because I am so shocked to see this rally. Believe a profit booking is overdue.
NSE:NIFTY
by viswaram
FASP levels for Nifty 19/07/2023The FASP for Nifty is listed for 19-07-2023. 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
Morning Mantra - 18th July 2023Dear All, Yesterday once again we had observed a New Record High in Nifty. Where, the most beautiful part was that after 7 days of consolidation, the index finally decided to take a breakout. As per the current scenario, we can say that the Market is altogether in a different mood, where there are huge chances that we might also get to witness the levels of 20000 soon. So, in such a situation, indeed we can enjoy this rally. However, cautiousness will remain to be our tool. Besides, in the meanwhile, with the near term stop loss of 19300, keep Rebalancing your Portfolio and keep following the Cherry-picking strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Nifty heading for 20k. Daily analysis for 18/07/23Nifty has given a break out of the parallel channel and is ready to touch 20k levels soon. Bullish trades for positional trade in august series can be carried now. Index from the first hour was in the bullish move and carried the momentum through out the day and gave a nice move in the closing hour of the market. Nifty has given a 146 points gain in a day and a flag and pole pattern break out can give nice rally.' Support :- 19660, 17520 Resistance :- 19875(fib level) DJI is also trading around the resistance levels and can give a break out today. The break out of the resistance levels can help Indian market touch new highs. Watch the global markets in the morning as trend can be confirmed. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
17 Jul '23 Post Mortem on Nifty 130pts up after 11.25Remember how we closed on Friday? — up 110pts in 30mts. I seriously thought we would be seeing some profit booking today. So I carefully watched the opening price levels and exited my long position by 11.10. All the trading indicators, technicals were saying more bullishness for nifty50. Even the options flow indicated the same. At 11.10 Nifty was looking bullish & banknifty was showing only sideways movement. 2 major global news hit the market China’s lower GDP Russia not extending the Ukraine grain deal On a normal day, similar news could paint the markets in red & I did not want to take a risk, that is why I sold off the long position by 11.10 and waited on the sidelines. It turned out to be a disaster, nifty went up another 129pts ensuring my position would have returned 750% returns if I hung on. The rally was kick started by Reliance & then HDFCBK joined the party with impressive Q1 results. The chart, moving averages & other technical indicators are all showing immense bullishness now also. However I wish to stay out of this party for this expiry week.
NSE:NIFTY
by viswaram
NIFTY-- Resistance Becomes Support ??The NIFTY index again broken the ATH... multiple times break out above ATH and it's reversal.... so what happens in nifty is...the trend is bullish to Sideways... it is also moves in a channel... price faced resistance multiple times @19500-19520 zone... if tomorrow price acts as a support...it again moves up... if price again falls below price is continue its movement upto the trendline... we have trendline support as well...until price breaks this trendline will be on the buy side... if trendline failed to acts as support,the same zone is acts as resistance... sellers takes price again to bottom side... All this is pre and post market analysis...we cannot assume anything what happens... will see on live market what's happening... If this post is helpful please give me a like... thank you guys for supporting me...
NSE:NIFTY
by IIT-Trader
Nifty trade Setup for 17-07-2023Nifty Important intraday levels to watch for 17-07-2023 #Support: 19520 Short if candle closes below 19560 for scalping only with a tight stoploss and agressive short if candle closes below 19520 #resistance: 19595 Long if candle closes above 19595 #Targets on downside after break of support. Target 1= 19420 Target 2= 19370 #Targets on upside after break of resistance. Target 1= 19660 Target 2= 19700-710 Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:NIFTY
by InvestyourAsset
Morning Mantra - 17th July 2023Dear All, Finally Nifty took a breakout of above 19550 level on weekly basis , which indeed is a very good sign as of now. Wherein, no doubt IT & Metal Industry have somehow contributed in this uprise. Moreover, we are now expecting the same from few other sectors as well, in the upcoming week. As of now, we are still with our words that portfolio rebalancing and Cherry picking will be a good idea here, with the stop loss of 19300 on immediate basis and 18700 on medium term. Furthermore, since the Result season has just started, therefore we have to remain a little cautious here. Happy Trading! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Nifty Analysis Explained in Most Simple Wayhii all.. Greetings! I have prepared the Nifty EOD analysis the most simplest way I can. I hope for all its easy to understand. Be careful in trading nifty now, as it has entered in over bought zone. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading
NSE:NIFTYLong
by NikhilChoudhary2023
14 Jul '23 Post Mortem on Nifty - green 1hr candles after 10.30If you had witnessed yesterday's 13.15 hourly candle that took out 95pts ~ 0.49%, you would not have guessed Nifty will rebound today. At least I did not expect.  I was having a bullish bias on nifty50 which you can understand from the report yesterday, but the bullish PUT spread carried forward from yesterday had an unfavorable risk reward. I made up the mind to exit this credit spread at a decent level today & re-enter at a favorable ratio. At 15.05 I exited the 19500/19400 PE at 60.9/33.4 for a marginal loss. And after that we had another 87pts rally ~ 0.45%. Not only I exited at a loss on a profit that would have gone immensely profitable had I hung on, I did not get a pull back to re-enter. Today's rally mainly spearheaded by NiftyIT up 4.45% was definitely an event to watch. Nifty opened gap up but was showing a negative bias. We had a fall of 62pts till 10.20 after which it turned around and was grinding up slowly. Banknifty on the other hand was falling continuously and it was evident its not going to support nifty today. But right at 14.45 some magic happened & banknifty turned around sparking a newfound momentum to nifty50 as well. Not only nifty pushed through the 19500 level, but hit a new ATH of 19595 today. ie a total intraday swing of 161pts. Further upside movements will be faced with very little resistances and its the easiest path for Nifty. Well that is what most traders will think and position for. I would personally like to wait out this trend and re-enter when the levels are bit for comfortable for me.
NSE:NIFTYLong
by viswaram