Nifty Intraday Support & Resistance Levels for 10.07.2024On Tuesday, Nifty broke through the small resistance zone and made a new all-time high of 24,443.60, closing above 24,400 for the first time. The weekly trend (50 SMA) is now overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near Support/Demand Zone (5m): 24,382 - 24,400
Far Support/Demand Zone (5m): 24,204.20 - 24,222.65
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
As of now, there is no resistance zone seen on the chart.
Niftyprediction
Short Term Trading Opportunity in Jupitar WagonHi,
NSE:JWL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Short Term Trading Opportunity in Mahindra Life for 15% upsideHi,
NSE:MAHLIFE has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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NIFTY Intraday Trade Setup For 10 Jul 2024NIFTY Intraday Trade Setup For 10 Jul 2024
Bullish-Above 24450
Invalid- Below 24400
T- 24555
Bearish-Below 24350
Invalid-Above 24400
T- 24230
NIFTY has closed on a bullish note with 0.46% gain today. Last day we discussed that it formed a Pinbar candle in daily TF and expectation was for a bullish move above 24350. We almost gat 90 points move in favor. Tomorrow in case there is a gap down and day ends near day low then bears will take charge in short term. However I have been updating that bullish sentiment will change when it closes below PDL.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24450 then we will long for the target of 24555.
For selling we need a 15 Min candle close below 24350. T- 24230.
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.
NIFTY Prediction for tomorrow 8 Jul 24NIFTY did open gap-down, and then after taking support at support, it gave a nice bullish momentum to the upside.
If we look at the chart now:
The market is trading in an uptrending channel. It has taken support multiple times and also has taken resistance multiple times. I expect it to break soon. If the market shows bullish momentum to the upside, it will be taking resistance at the resistance trendline, which might then initiate a bearish momentum after that.
Support levels: 24182, 23952, and 200-EMA
Resistance levels: Red Zone, Resistance trendline.
If we look at the OI data:
PCR = 1.01 shows the market has a bullish sentiment. 24300 will be max pain. On the lower side, 24200 and 24000 have good PE writing, which will be a nice support point. However, 24400 and 24500 have good CE writing, which is going to provide good resistance.
I am expecting the market to give a breakout soon out of this channel.
Reason:
RSI > 50 shows a mild bullish signal.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 1.01 indicates market bullish sentiments.
price > VWAP shows a Bullish market structure.
Verdict: Sideways or Bullish
Plan of action:
Wait for 15 min candle. wait for the market to make a direction and make the position accordingly,
Note: Don't go for option buying unless the market gives the breakout.
Nifty Intraday Support & Resistance Levels for 09.07.2024On Monday, Nifty took support at the 15m demand zone (24,204 - 24,244) mentioned in the last post and bounced back to a day high of 24,344.60. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Support/Demand Zone (5m): 24,204.20 - 24,222.65
Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
Major Support/Demand Zone (Daily): 23,350 - 23,667
In the coming days, the 24,000 - 24,200 range will be the major support in the short term.
Resistance Levels:
Near Small Supply/Resistance Zone (30m): 24,372 - 24,401
#Nifty directions and levels for July 9th.Good morning, friends! 🌺🍬 Here are the directions for July 9th:
There are no significant changes in the global and local markets, both of which are showing a moderately bullish trend. However, today the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 10 points (as of 8:00 AM).
Nifty and Banknifty both have a range-bound structure, so today may continue in this manner. Let's check them one by one.
For Nifty, there were no big changes in the previous session, and it is still within the range. Today, GiftNifty is showing a neutral start, so if the market declines initially, we can expect it to reach a minimum of 24243 to 24210, both minor support levels. If the market finds support there, we can expect the range to continue. On the other hand, if it breaks below these levels, it may fall further to 24168, which is a 78% retracement. This is our first variation.
Alternatively, if the market initially pulls back, we can expect it to reach 24401, 24431, and 24464 with minor consolidation.
Short Term Trading Opportunity in Reliance Ind or >7% upsideHi,
NSE:RELIANCE has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
#NIFTY levels and clear POV. 09/07/2024NIFTY have a strong support level at 24200, there is reversal point level at 24300-24320 the market test breakpoints and liquefy the premium because of Sideways. if this will sustain or break the 24350 resistance there is a chance to see good bullish rally. if there is a dip near to 24200 higher chance to bullish move.
NIFTY Intraday Trade Setup For 9 Jul 2024NIFTY Intraday Trade Setup For 9 Jul 2024
Bullish-Above 24350
Invalid-Below 24300
T- 24550
Bearish-Below 24230
Invalid-Above 24280
T- 24030
NIFTY has closed on a flat note today, complete rangebound session within 100 points range. It has formed a Pinbar candle in daily TF. Above today's high there can be a good upside move towards 24550 as per 1.618 extension plotted. Since the daily candle is a price rejection candle and represents bullishness, below its low 24230 there can panic selling move towards 24k zone. Sentiment is bullish till it closes above PDL.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 24350 then we will long for the target of 24550.
For selling we need a 15 Min candle close below 24230. T- 24030.
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.
Nifty Intraday levels | 8-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
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👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
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#NIFTY Intraday Support and Resistance Levels -08/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24350 level and then possible upside rally up to 24470 level in today's session. in case nifty trades below 24290 level then the downside target can go up to the 24170 level.
#Nifty directions and levels for July 8thGood morning, friends! 🌺🍬 Here are the directions for July 8th:
The global market has a moderately bullish sentiment on the Dow Jones. Our local markets are showing a moderately bullish sentiment as well. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 30 points (as of 8:00 AM).
Nifty had a solid pullback even though it opened with a gap-down. If you look at the structure, it is showing a range market, and GiftNifty also indicates that. So, the first scenario is if the market opens with a gap-down and sustains, we can expect a minimum of 24,266 to the demand zone. Structurally, it may consolidate over there, but by the end of the day, it might fall further.
Alternatively, if the initial market takes a pullback, then it may reach a minimum of the swing high at 24,431 and 24,464 with minor consolidations.
Here is one more thing, and this is my personal opinion: I think the market might take a range-bound structure until the budget, similar to how the market behaves before election results. This means one day it might take a bullish bias, then another one or two days it may go bearish, and then again it may take a bullish bias. Experts are expecting this pattern.
Nifty Intraday Support & Resistance Levels for 08.07.2024On Friday, Nifty opened gap-down but found support at the gap level (24,123 - 24,207) and bounced back to close with a gain of 22 points at 24,323.85. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Small Support/Demand Zone (15m): 24,204 - 24,244
Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
Major Support/Demand Zone (Daily): 23,350 - 23,667
In the coming days, the 24,000 - 24,200 range will be a major support in the short term.
Resistance Levels:
Near Small Supply/Resistance Zone (30m): 24,372 - 24,401
NIFTY Intraday Trade Setup For 8 Jul 2024NIFTY Intraday Trade Setup For 8 Jul 2024
Bullish-Above 24410
Invalid-Below 24360
T- 24590
Bearish-Below 24160
Invalid-Above 24210
T- 23985
NIFTY has closed on a slight bullish note with 1.3% gain last week. Its been 22 consecutive sessions, after 4th Jun fall index has been under bull's grip. As said last week we will get a hint of weakness of bulls only when index will close below PDL in daily TF. However we will need more confirmation of price bend which is a bearish price action in daily TF to call it a reversal. 24410 can be a good trigger to another bullish move towards 24590. 24410 and 24160 will be zone to watch out for breakout.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590.
For selling we need a 15 Min candle close below 24160. T- 23985.
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.
When is the fall coming in Indexes ? Will the fall come ??Nifty and Bank Nifty on daily chart are showing some weakness, Nifty if breaches 24400 level then we can see a movement to 24800, in shorter time frame (30mins) nifty has shown a strong upside move, which indicate it will move up!!
Bank nifty is still lagging behind, it has to move aboe 53300 level for further upside to 54100-200 levels, support is at 51900 level.
NIFTY 50 [analysis 1hr ]NIFTY 50
i try this time fib retracement for targets and support & resistance level marking .
watch on chart this work .
some time not any news , technical analysis work very well without fail.
this not any entry or trgets ..this nifty prection of nifty 50 move on my study ....
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Nifty & Bank Nifty Analysis For Next Week 08-12 July 2024In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
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#Nifty levels and direction for July 5th.Good morning, friends! 🌺🍬 Here are the directions for July 5th:
The global market had an oscillation but continues to range based on the Dow Jones. Our local markets are showing a moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 60 points (as of 8:00 AM).
Nifty and Bank Nifty both have the same sentiment. They have been moving in consolidation. Let's look at this.
Yesterday, Nifty reached a new high but did not sustain it. Structurally, there hasn't been a significant correction, as indicated by the global market trends. Therefore, if the market opens with a gap-down today, it may find support at the immediate support level. If this occurs, the consolidation range is likely to continue. This is our first scenario.
On the other hand, if it doesn't find support there or if it consolidates a little around the support, then we can expect the correction to continue.
#NIFTY Intraday Support and Resistance Levels -05/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24320 level and then possible upside rally up to 24440 level in today's session. in case nifty trades below 24280 level then the downside target can go up to the 24160 level.
Nifty Intraday Support & Resistance Levels for 05.07.2024Nifty opened gap-up and made a new all-time high of 24,401 but closed flat with just a 15-point gain. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Small Support/Demand Zone (15m): 24,239 - 24,267
Multiple Timeframe Support Zones near Gap Level (24,123 - 24,207): This indicates that 24,000 - 24,200 will be a major support in the short term, and we might see a bounce from these levels.
Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
Support/Demand Zone (15m): 23,985 - 24,912
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Near Small Supply/Resistance Zone: 24,377 - 24,401
Currently, there is no additional supply zone seen on the chart.