Nifty50 Support And Resistance 30-July-24
Please find below simple resistance and support
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Niftyprediction
Nifty50 (29th July) 2/224888---24911 NO TRADE ZONE
Hourly candle 🕯 closes above 24911 then could test 📈 25025
Closing below 24911 -- 24888 in hourly candle 📉 📉 could test support at 24650 (Fib gap pending )
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty Intraday Levels | 29-JULY-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
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Nifty50 (29th July)If hourly candle 🕯 closes above that white trend line or 24999 then could test above target 25095 or the trend line in red, if sustains that then could even push higher to 25172 or the blue trend line
If rejects or closing sustains below 24999 or the white line then could 📉 📉 to below price marked on the chart
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
#NIFTY Intraday Support and Resistance Levels -29/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24890 level and then possible upside rally up to 25010 level in today's session. in case nifty trades below 24830 level then the downside target can go up to the 24710 level.
#Nifty directions and levels for July 29th.Good morning, friends! 🌺🍬 Here are the market directions for July 29th:
The global market has a moderately bullish sentiment based on the Dow Jones, and our local market mirrors this sentiment. Today, the market may open with a gap-up, as indicated by the GIFT Nifty, showing +130 points at 8:00 am.
Structurally, Nifty and Bank Nifty differ but may both continue their pullbacks today. Let's examine each one:
Nifty:
Nifty experienced a strong rally in the previous session, which could be identified as sub-wave 3. If the market opens with a gap-up, this 3rd wave may continue towards the 24956 to 25067 range. If the market hits one of these resistance levels and then reverses, we can expect a minor correction forming the 4th wave. Typically, the 4th wave is a consolidation phase, potentially leading to a 23 to 38% retracement in the minor swing. This is our primary scenario.
Alternatively, if the gap-up doesn't sustain, we could complete the 3rd wave immediately, and the decline could be considered the 4th wave. There are no significant changes in the 4th wave levels; it could take a maximum of 23 to 38%. However, if the decline has a solid structure and breaks the 38% Fibonacci level, it could turn into a correction.
Nifty SpotWorld market in full green mode
expecting a rate cut by US FED as early as September...
Nifty also gained 400+ points on last friday and closed @ LTH
We are heading to 25000 mark on Nifty Spot...
As per trend line on daily charts we see strong resistance zone near 25100-25200 zone...
We can initiate shorts near 25100 - 25200 levels using options..
24588 seems a strong bounce zone.
now 24588 levels becomes very important make or break level on closing basis..
Happy Trading...
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Nifty Intraday Support & Resistance Levels for 29.07.2024On Friday, Nifty broke the resistance level of 24450 in the first 15 minutes, then rallied to a new all-time high of 24861.15 and closed at 24834.85 with a gain of 428 points. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near Demand/Support Zone (15m): 24711 - 24734
Near Demand/Support Zone (30m): 24624 - 24657
Major Support/Demand Zone (125m): 24296 - 24426
No supply/resistance zone is seen on the chart as of now.
#Nifty August 1st week directions and levels.Good Evening, friends! 🌺🍬
Here are the market directions for the first week of August:
Global and Local Market Overview
Both global and local markets have a moderately bullish sentiment. This trend may continue this week. Last Friday, the global market closed up by 1.5%, so we might start this week on a positive note. Let's look at the details.
Nifty
* Last week, Nifty had big swings and closed around its previous high. On Monday, the market may open with a gap-up, according to Gifty Nifty. If this happens, we can expect the bullish sentiment to continue. Nifty is currently in the 3rd wave, which is a long upward trend. After this wave completes, there may be a small correction of about 23 to 38%. If the rally continues, it will enter the 5th wave, which is usually not as sharp. This is our basic structure.
* Means the 3rd wave might complete around 24,956 or 25,067. If it hits resistance at these levels, the 4th wave may begin, characterized by a small correction. After retracing, if it finds support around the 38% level, the rally may continue into the 5th wave, with targets ranging from 25,143 to 25,377. This is our current view.
* The alternate view is a flat correctional variation. I labelled it based on theory, but I will explain it simply. We said earlier that the 4th wave is a consolidation wave, so it can take a maximum of 38% correction. However, if the 4th wave falls sharply and breaks the 38% Fibonacci level, it may turn into a deeper correction. If that happens, we can expect a correction of 61 to 78% in the minor swing. This is our alternate view.
NIFTY Intraday Trade Setup For 29 Jul 2024NIFTY Intraday Trade Setup For 29 Jul 2024
Bullish-Above 24870
Invalid-Below 24820
T- 25180
Buy_2- From 24600
Invalid-Below 24550
T- 24800
NIFTY has closed on a bullish note with 1.24% gain last week, closed at record high. 23 Jul sell off was absorbed and bulls took complete charge. 25K is at a striking distance. 25335 will be a confluence zone as per FIB extensions and all other levels may fade out due to strong bullish sentiment. If we get a pullback buy setup above 24870 then we will long for the target of 25180. 24600 will be a strong intra support.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24870 then we will long for the target of 25180.
2nd buying can be done from 24600 level. T- 24800.
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.
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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.
#NIFTY OUTLOOK 29/07/2024NIFTY is now level at an all-time high that nobody imagined after the budget market behaved as this market participant has a strongly bullish view there is now an open target level. I think the market move forward to 25000 and we see a new rally of making a new all-time high every day otherwise, we see some corrections a little bit
L E V E L S:-
SUPPORT- 24650, 24500
RESISTANCE- OPEN
Nifty Intraday Trade Setup | 29th JulyNifty opened with a slight gap-up and after sustaining above buy level 24460 we saw a fantastic rally towards 24850 which was Nifty all time high. Nifty made a new ATH at 24861 and closed with a bullish tone.
For tomorrow, if Nifty sustains above 24920 we expect to see an up-move towards 94960 and above levels. On the other side, if Nifty breaks 24780 on the downside we may see 24720 and lower levels marked the chart.
Buyers be cautious near 25000 levels as it's a physiological resistance.
Expectations: Selling for higher levels.
Intraday Levels:
Buy Above - 24920
Sell Below - 24780
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty Analysis for Monday 29 July 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000.
So I am providing highest probability intraday setup in Nifty50
My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce.
If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
Nifty Intraday Trade Setup | 26th JulyNifty opened with a gap-down and after consolidation we saw a short covering rally from around 24200 to 24425 levels.
For tomorrow, if Nifty sustains above 24460 we expect to see an up-move towards 24500 and above levels. On the other side, if Nifty breaks 24350 on the downside we may see 24300 and lower levels marked the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 24460
Sell Below - 24350
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
#NIFTY Intraday Support and Resistance Levels -26/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24440 level and then possible upside rally up to 24560 level in today's session. in case nifty trades below 24390 level then the downside target can go up to the 24270 level.
Nifty Intraday Support & Resistance Levels for 26.07.2024On Thursday, Nifty opened gap down but recovered 200 points from the day low and closed at 24406.10. The Weekly trend (50 SMA) and Daily trend (50 SMA) remain positive. As Nifty stayed between the important levels of 24200 to 24450, the support and resistance levels remains the same as mentioned in the last post.
Support Levels:
Major Demand/Support Zone (75m): 24056 - 24150 (already tested 2 times)
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (75m) for weekly trade: 24607 - 24674
Far Supply/Resistance Zone (15m): 24741 - 24774
#Nifty directions and level for July 26th.Good morning, friends! 🌺🍬 Here are the market directions for July 26th:
The global market has a bearish sentiment (based on the Dow Jones). Our local market has a structurally moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, as indicated by the GIFT Nifty, which shows +40 points at 8.00 am.
**Nifty:**
In the previous session, Nifty closed with a pullback, and today it may continue this trend because GIFT Nifty indicates that. However, if you look at the wave count, every swing has a three-wave count. There are many variations with three-wave structures, but here we can take these two variations for simplicity:
1. **Diagonal Variation:**
- In this variation, it shouldn't close the candle above the level of 24,473. If it happens, we can expect a correction.
- This means if the market initially declines sharply or, after the gap-up, if it rejects around the level of 24,473, then it may turn into a correction.
- However, confirmation is expected from the 38% Fibonacci level breakout in the minor swing. If this happens, we can expect a minimum of 50%, 78%, and 24,175.
- If it doesn't break this level, it will continue the moderately bullish sentiment. This is our current variation.
2. **Pullback Continuation:**
- In this variation, we could complete the correction to the first three swings from the start of the correction. So, if the gap-up sustains above the level of 24,473, then we can expect pullback continuation with some consolidations. The targets are a minimum of 24,588 to 24,635. This is our alternate variation.
NIFTY Intraday Trade Setup For 26 Jul 2024NIFTY Intraday Trade Setup For 26 Jul 2024
Bullish-Above 24470
Invalid-Below 24420
T- 24685
Bearish-Below 24210
Invalid-Above 24260
T- 24012
NIFTY has closed on a flat note today after a big gap down. It opened directly below sell level however no candle closed below that. 10 o'clock range was to be used as per trade setup. Range broke upside above 24305 and gave a one way move till 24425, risk (last swing low) was around 30 points. If market opens flat tomorrow then we may see continuation of the bullish move above today's high. 24685 will be target as per plotted ABCD.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24465 then we will long for the target of 24685.
For selling we need a 15 Min candle close below 24200. T- 24k.
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.
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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.