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Niftyprediction

DXY gearing up for a big fallDate: 30 Oct’24 Symbol: DXY Timeframe: Weekly US Dollar Currency Index currently seems to be in final stages of Wave (e) of B. One more leg up and DXY will be ready to head lower sharply and in a big way. It is likely to head towards 90 and lower. This also means with DXY treading lower, Nifty is likely to witness an up move. This is not a trade recommendation. Please do your own analysis. US Dollar Currency Index vartamaan mein Wave B (e) ke antim charan mein lagta hai. Ek aur pair upar aur DXY teji se aur bade paimaane par neeche jaane ke lie taiyaar hoga. Iske 90 aur usase kam kee or badhane kee sambhaavana hai. Iska matalab yah bhee hai ki DXY ke nichale star par chalane se Nifty mein teji dekhne ko mil sakti hai. Yah koi trade karne ki salah nahin hai. Kripya apana vishleshan khud karen.
TVC:DXYShort
by DhandhaPaani
1
Nifty50 & Nifty500 Hits Critical Demand Zone: Ready for Bounce?Indian stock market has been in a downward for over a month, Let’s dive into the technical setups and explore potential scenarios. 🔥 Demand Zone Insight: Drop-Base-Rally (DBR) at Play On Friday, Nifty 50 entered a demand zone, specifically a Drop-Base-Rally (DBR) zone — an area often indicating unfilled orders from institutional buyers. In strong markets, simply entering the zone could signal a buying opportunity. However, since the broader trend has been downward, it’s more prudent to look for confirmation. Today, Nifty 50 delivered that confirmation entry by forming a bullish candle within this demand zone, suggesting that the price may now have the support it needs to reverse direction. This type of entry confirms that buyers are stepping in, providing traders a more reliable basis to consider potential setups. 📊 Nifty 500: Inside Bar as Additional Confirmation For traders who prefer further confirmation, the Nifty 500 presents an interesting setup. After hitting a key support level last Friday, the index printed a bearish candle (-1.27%) followed by a small, 0.67% bullish candle today — a formation known as an inside bar . 🛠️ Trading the Inside Bar: Breakout Signals An inside bar indicates price consolidation and often precedes a breakout. By waiting for this breakout, traders can add another layer of confirmation before entering. Bullish Breakout : A price rise above today’s high could signal a potential reversal and strengthen bullish momentum. Bearish Continuation : If the price falls below today’s low, we may see the downtrend continue. ⚠️ Final Thoughts 📉 Nifty 50’s demand zone and today’s bullish candle hint at an early sign of a potential reversal. However, with the daily trend still pointing downward, a more cautious approach may be wise. Waiting for additional confirmation through an inside bar breakout in Nifty 500 could provide stronger validation. If tomorrow Nifty 500 breaks above today’s high, this would confirm the inside bar breakout, offering a clearer reversal signal and a green light to plan buy entries in selected stocks based on your setups. Conversely, if Nifty 500 breaks below today’s low, it may indicate a continuation of the downtrend. Lastly, Thank you for your support, your likes & comments. "Successful trading is the art of waiting for the perfect moment." 📈 This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. Please note, I am not a SEBI-registered analyst.
NSE:CNX500
by AfnanTAjuddin
1
Nifty Intraday Levels | 28-OCT-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback!
NSE:NIFTY1!
by ReviveTraders
25th Oct 2024 - Had a good Bear Run, what is the new base? N50Nifty Stance Bearish ️⬇️ We fell 649pts ~ 2.61% this week and our bearish stance from the prior week helped us gain some money. My October PnL was in deep red, thanks to the abrupt swings in between - but the unidirectional move this week was a real blessing and I was able to cut down my losses. The Head and Shoulders position that we published on the daily time frame is getting played out (hope so). For the first time in many months, Nifty's bottom is not getting dip bought and the pattern has changed to sell on rise. I honestly do not remember the last time Nifty had the sell on rise characteristics. I wish to maintain the bearish stance till 24333 is not getting taken out conclusively and deep down, I hope that the Bear run continues till the excesses get thinned off.
NSE:NIFTYShort
by viswaram
Nifty Falling And TargetNIFTY50: 4H | OCT 28 WHY MARKET IS WEAK ? 1FII SELLING 2Correction is part of market & Indian market was in continues UPTREND 3 Stocks Results are not upto the expectations 4 US ELECTION 5 WAR SITUATIONS ◆ NOW WE WILL GO WITH LEVELS BREAK POLICY ✦ MARKET IS IN COMPLEX CORRECTION I'M NOT ABLE TO DECODE IT AS OF NOW X ✦ My Expectations!! • Market will run on BOUNCE AND SELLING (LEVELS ON CHART ARE POSSIBLE REVERSAL LEVELS) Even it is possible in next month market willl touch 22000 (But it will be slow moves no sharp selling X) It's my personal view #NIFTY50
NSE:NIFTYLong
by EmpireCrown
Nifty 50's Top Constituents Stand Tall Amidst Uncertainty◉ Abstract The recent decline in the Nifty 50 index can be attributed to several interconnected factors affecting market sentiment. Geopolitical tensions, particularly the conflict in the Middle East, have increased uncertainty and volatility among investors. Additionally, significant foreign institutional investor (FII) outflows, surpassing ₹1,00,000 crore in October 2024, reflect concerns over high valuations in Indian markets compared to more attractive options abroad. Weak earnings reports from Indian companies have further fueled investor anxiety, prompting reassessments of growth sustainability. Overall market sentiment has turned cautious due to uncertainties surrounding upcoming events like the US elections and ongoing geopolitical issues, leading to a broader sell-off. Technical analysis indicates potential support levels between 22,750 and 23,000, while valuation metrics suggest that despite recent declines, many key Nifty stocks remain fairly valued, with caution advised for new investments during this volatile period. Read full analysis . . . ◉ Introduction The recent fall in the Nifty 50 index can be attributed to several key factors that have affected market sentiment and investor behaviour. ● Geopolitical Tensions: The ongoing conflict in the Middle East, particularly the Iran-Israel war, has heightened global uncertainty. This geopolitical instability has led to fears among investors, contributing to market volatility and declines in stock prices ● Foreign Institutional Investor (FII) Outflows: There has been significant selling by foreign institutional investors, with outflows reaching above ₹1,00,000 crore in October 2024. This trend is partly driven by concerns over peak valuations in Indian markets compared to cheaper valuations in other markets, such as China ● Weak Earnings Reports: Recent quarterly earnings from Indian companies have shown weakness, raising concerns about the sustainability of growth. This has led to increased selling pressure as investors reassess their positions in light of disappointing financial performance ● Market Sentiment and Investor Jitters: Uncertainty surrounding upcoming events, such as the US elections and ongoing geopolitical tensions, has made investors cautious. This sentiment is reflected in the broader market sell-off and a lack of confidence in taking long positions during this volatile period ◉ Technical Analysis ● Weekly Chart ➖ The weekly chart indicates a strong upward trend, with the index consistently achieving higher highs and lows. ➖ However, a significant selling pressure from the peak has led to a sharp decline. We expect to find potential support in the range of 22,750 to 23,000. ● Daily Chart ➖ The index has broken through the neckline of the Head & Shoulders pattern. ➖ While there is immediate support around the 23,900 to 24,000 level, we believe the index may struggle to maintain this level and could drop further. ➖ Robust support is anticipated between 22,750 and 23,000. ◉ Valuation Analysis ➖ The Nifty PE Ratio has dropped to 22.5, slightly below its 1-year average of 22.6 and significantly lower than its 5-year average of 25.24. This suggests that the Nifty is currently fairly valued. ➖ However, the recent quarter's lacklustre EPS growth is a concern, exerting downward pressure on the major index. As the major index struggles, it's worth taking a closer look at the key Nifty constituents that carry substantial weightage. 1. HDFC Bank NSE:HDFCBANK Sector - Banking & Financial Services Weightage - 11.34% ● Technical Overview ➖ For nearly three years, the stock has been range-bound, exhibiting stability. ➖ Despite the broader market's downturn, it has shown no reaction, suggesting that its sideways movement is likely to continue. ● Valuation ➖ The stock currently trades at a PE ratio of 19.2, moderately above its 1-year median PE of 17.5. ➖ Notably, the company's earnings performance has shown improvement, with a quarter-over-quarter increase in EPS: June quarter: ₹21.65 September quarter: ₹23.36 2. Reliance Industries NSE:RELIANCE Sector - Oil & Gas Weightage - 8.64% ● Technical Overview ➖ Following a record peak near 3,200, the price retreated and is now approaching its key support level of 2,550. ● Valuation ➖ The current PE ratio of 26.5 indicates undervaluation relative to its 1-year median PE of 28.3. ➖ Earnings growth supports this positive valuation outlook: Current EPS: ₹24.48 Previous quarter EPS: ₹22.37 3. ICICI Bank NSE:ICICIBANK Sector - Banking & Financial Services Weightage - 7.74% ● Technical Overview ➖ The stock has maintained a strong uptrend, demonstrating remarkable resilience amidst recent market downturns. ➖ However, from a technical standpoint, a short-term pullback towards the 1,100 level cannot be ruled out. ● Valuation ➖ The present PE ratio of 18.7 suggests a minor overvaluation when compared to its 1-year median PE of 17.9. ➖ EPS improved significantly from ₹16.62 in June to ₹18.38 in September, indicating a positive trend in the company's financial performance. 4. Infosys NSE:INFY Sector - Information Technology Weightage - 5.83% ● Technical Overview ➖ The stock has successfully broken out of its Rounding Bottom pattern and is now consolidating above the breakout level. ● Valuation ➖ The present PE ratio of 28.7 suggests a minor overvaluation when compared to its 1-year median PE of 26.4. ➖ Earnings growth, although subdued, remains stable: June quarter: ₹15.34 September quarter: ₹15.67 5. ITC NSE:ITC Sector - FMCG Weightage - 4.16% ● Technical Overview ➖ The stock remains in a strong uptrend, consistently forming higher highs and lows. ➖ After reaching an all-time high of 528, the price has pulled back and is now testing its crucial support zone between 460-470. ● Valuation ➖ The present PE ratio of 29.4 suggests a minor overvaluation compared to its 1-year median PE of 27. ➖ Furthermore, the earnings per share (EPS) has declined from the previous quarter, falling from ₹4.08 in June to ₹3.99 in September. 6. Bharti Airtel NSE:BHARTIARTL Sector - Telecom Services Weightage - 3.95% ● Technical Overview ➖ The stock price has experienced a notable rise. ➖ After hitting an all-time high near the 1,780 level, it has corrected and is anticipated to find support along its trendline. ● Valuation ➖ The stock's current PE ratio of 83.5 significantly exceeds its 1-year median PE of 65.3, indicating substantial overvaluation. ➖ Ahead of the upcoming quarterly results, earnings execution is not expected to be robust, potentially leading to a sharp correction in the stock price. ◉ Conclusion Analysis of six pivotal Nifty 50 stocks reveals that, excluding Bharti Airtel, they are fairly valued. With a combined weightage of over 40%, these stocks underpin index stability Given this significant representation, we do not foresee a drastic decline in the index from either a technical or fundamental standpoint. However, the ongoing war may impact global sentiment, influencing market mood. Therefore, we advise caution when considering new buy positions.
NSE:NIFTY
by GoodluckCapital
Nifty - Weekly analysis 28th to 1st (Monthly Expiry)Nifty Weekly Analysis: Nifty took support and reversed at 24100 level which is a good support area. However this is just a temporary reversal. Nifty Still expected to fall more and 23500 will get tested soon. But before further down side move Nifty will test 24700/24900 resistance zones and it will take BEARISH reversal for target of 23500. This week Nifty will stay in Range between 24900 and 24100. Only strong fall can be expected if Nifty breaks 23980.. Until a small correction will be there in Nifty. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels.
NSE:NIFTY
by ViVenTraders
NIFTY Intraday Trade Setup For 28 Oct 2024NIFTY Intraday Trade Setup For 28 Oct 2024 Bullish-Above 24280 Invalid-Below 24230 T- 24550 Bearish-Below 24070 Invalid-Above 24120 T- 23770 NIFTY has closed on a bearish note last week. We already discussed last week that index is approaching 23700 zone. It is in flow since then in the downside. Also keep on riding with PDH as trailing SL. If a daily candle closes above PDH then we will exit our shorts and wait for fresh trade setup positionally. 24280 and 24070 are intra levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24280 post pullback then we will long for the target of 24550. For selling we need a 15 Min candle close below 24070. T- 23770. 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. ========== 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.
NSE:NIFTY
by Omahto
Nifty 1W Technical Analysis & CommentaryIndian Stock Market Update - Nifty and Bank Nifty have been plunging for a week, and we are witnessing major sell-offs. - The primary reasons behind the drop are: 1) All indices were overstretched, 2) Foreign Institutional Investors (FIIs) are pulling out their money and moving it elsewhere, and 3) Institutions are booking profits across the board, trapping late buyers who fell for fear of missing out (FOMO). - I am sticking to my plan, which I always follow. I won’t make a single penny’s long-term investment right now unless I see significant flash crashes. Market premiums are still high, and these influencers are unhelpful; when the market is rising, they talk about even higher highs, and the moment it turns bearish, they start discussing defensive plays. Your focus should be on understanding your wealth profile first, assessing asset allocation, and evaluating your liquidity. What if the market falls more? - The market will soon show us a dead cat bounce, which will be an exhaustion rally; don't fall into that trap again. - I will start swinging again once the index begins to stabilize and I see setups forming that meet my criteria and rules. Until then, I will remain on the sidelines, read books, and focus more on the crypto market. - For now, fold your chips, let the market do its thing, and wait for it to normalize instead of forcing setups.
NSE:NIFTYLong
by VKtradesimbalance
NIFTY50: INSTITUTIONAL LEVELS FOR 25/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
NIFTY50: INSTITUTIONAL LEVELS FOR 24/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
Firstsource Solutions Limited up side breakout on daily chartFirstsource Solutions Limited Result on 28 October watch till result price near 330 is good for entry in this stock with strict SL up side move possible price looking good moving up from 20 ema going in continution keep eyes on this stock Disclaimer: This is Not a Buy or Sell Call The information provided herein is for informational purposes only and should not be construed as financial advice, a recommendation, or an offer to buy or sell any financial instrument. It is important to conduct your own research and consult with a licensed financial advisor before making any investment decisions. The content provided does not take into account your personal financial situation, risk tolerance, or investment goals. The author or entity providing this information is not responsible for any investment decisions you may make based on this content.
BSE:FSLLong
by rajatbhawra
NIFTY Intraday Trade Setup For 24 Oct 2024NIFTY Intraday Trade Setup For 24 Oct 2024 Bullish-Above 24610 Invalid-Below 24560 T- 24885 Bearish-Below 24370 Invalid-Above 24410 T- 24097 NIFTY has closed almost on flat note with minor cut of 0.15% today. On Oct 17 it was discussed that we are approaching 23700 zone in the coming days. It is going in flow positionally. On a flat opening tomorrow below 24370 index will dive once again towards 24100 zone. Overall keep sell on rise approach. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24610 then we will long for the target of 24885. For selling we need a 15 Min candle close below 24370. T- 24097. 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. ========== 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.
NSE:NIFTY
by Omahto
3
Nifty50 Crosses Head and Shoulder Pattern, Resistance at 23895Details: Asset: Nifty50 Index Breakout Level: Nifty50 crossed the head and shoulder pattern Current Level: 24472 Potential Resistance: 23895 Stop Loss: Based on risk tolerance or technical analysis Timeframe: Short-term, dependent on market sentiment and election outcomes Rationale: Nifty50 has broken through a head and shoulder pattern, a typically bearish indicator. The next significant resistance level appears at 23895. The market may see further downside unless positive developments, such as favorable election results, provide relief. Market Analysis: Bearish Pattern: The head and shoulder pattern indicates potential further downside. Nifty50 may continue to decline unless a reversal is triggered by positive news or market catalysts. Election Impact: Election results could play a crucial role in determining the market’s direction, especially in a sensitive period like this. Price Target: Resistance is likely at 23895. If Nifty50 fails to break this level, it may see continued bearish momentum. Risk Management: Adjust stop losses based on individual risk tolerance and technical analysis, especially given the uncertainty around political outcomes. Timeframe: The timeframe for reaching resistance at 23895 could be short-term, but broader market trends and election outcomes may impact the index's movement. Risk-Reward Ratio: The setup leans bearish, with the head and shoulder pattern indicating downside risk. Ensure stop-loss levels are adjusted for volatility. Monitoring the market's response to political and macroeconomic factors will be key for Nifty50's near-term outlook.
NSE:NIFTYShort
by CyborgTradingHub