NIFTY prediction for today 11 July 24As we discussed, NIFTY took resistance at the provided dotted resistance trendline and gave a good fall.
If we look at the chart now:
The market gave good bearish momentum yesterday with heavy volatility. I also took support at the price action level of 24188 and came back. That shows bulls are active near 24000.
Support levels: 24188, 200-EMA (15-min)
Resistance levels: 24312, Resistance trendline.
If we look at the OI data:
PCR = 0.74 shows the market has a NEUTRAL sentiment. 24400, 24500, and 24600 have significantly higher CE writing than the lover levels PE writing. The market has big support at 24000.
I am expecting the market to be volatile, sideways, bullish.
Reason:
RSI = 40-60; shows the market is going to be sideways.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 0.74 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.
Niftyprediction
#NIFTY Intraday Support and Resistance Levels -11/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24340 level and then possible upside rally up to 24460 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 11th.Good morning, friends! 🌺🍬 Here are the directions for July 11th:
There are no significant changes in the global markets, which are still showing a moderately bullish trend. However, our local market is showing a moderately bearish trend. Today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 40 points (as of 8:00 AM).
Nifty and BankNifty structures differ from one another. Let's look at them one by one.
Nifty had a huge swing in the previous session. However, the structure is obviously a range market. Today, GiftNifty indicates a slightly positive start. If it rejects around the immediate resistance, then we can expect a correction, meaning the range market will likely continue. For this correction to happen, it should break the 38% fib level in the current swing. If it doesn't break the 38% fib level, it may go a little bit further up.
This sentiment also applies to the initial market decline.that means If the gap-up doesn't sustain or the initial market takes a decline, then use the same sentiment.
The alternate variation suggests that if the gap-up sustains and consolidates around the 78% fib level or breaks the 78% fib level with a solid candle, then the rally will likely continue.
Nifty Intraday Support & Resistance Levels for 11.07.2024On Wednesday, Nifty made a new all-time high of 24,461.05 before falling 300 points to an intraday low of 24,141. It found support at the 75m Demand Zone mentioned in the last post and bounced back nearly 200 points, closing at 24,324. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Support/Demand Zone (5m): 24,246 - 24,265
Major Support/Demand Zone (75m) for weekly trade: 24,056 - 24,150 (tested yesterday)
Resistance Levels:
Small Supply/Resistance Zone (15m): 24,398 - 24,419
Medium Term Trading Idea in REC LTD with huge price appreciationHi,
REC Ltd has given a Bullish Flag Breakout on Weekly 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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NIFTYENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Nifty SpotLast couple of days Nifty found supply @ 23400 levels...
Banks will drag the mkts a little bit.
With budget just a fortnight away....
All dips have to be bought into for a probable bull run upto budget
Important supports and trading levels marked
Follow for more updates... keep looking into comment session...
Like and Share....
Happy Trading...
Nifty Intraday levels | 10-JULY-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
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👉Gap between institutional zones is always of 100 points
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#Nifty directions and levels for July 10th.Good morning, friends! 🌺🍬 Here are the directions for July 10th:
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-down start, as indicated by GiftNifty, which shows a decrease of 10 points (as of 8:00 AM).
Nifty has broken its all-time high once again in the previous session. Structurally, if the market breaks the previous high, then the rally will likely continue. However, breakout structures are important. In the last session, the market moved in a grinding manner, so if the market continues with that same grinding momentum, we can't expect much of a rally. If the market rejects at either 24464 or 24495, it may fall by a minimum of 38 to 61%. On the other hand, if it breaks the previous high with a solid candle structure or consolidates around the immediate resistance level, we can expect a solid rally further. This is our first variation.
The alternate variation suggests that if the initial market declines, we can expect a 38 to 61% minor retracement. After that, if it finds support there, we can expect a range market. If it breaks the 61% Fibonacci level, then the correction may continue further.
#NIFTY Intraday Support and Resistance Levels -10/07/2024Nifty 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 24400 level then the downside target can go up to the 24280 level.
NIFTY prediction for today 10 July 24As we discussed, NIFTY opened sideways and ended up sideways bullish.
If we look at the chart now:
The market is trading in an uptrending channel. The market is experiencing minor resistance in the middle of the channel. As the market is trading at an all-time high, if it breaks the middle resistance to the upside, it can give a bullish momentum. There are no horizontal levels as per price action. Please monitor the trendlines drawn on the chart.
Support levels: 24350-24400 range-support-zone, support trendline
Resistance levels: dotted resistaance trendline, main resistance trendline.
If we look at the OI data:
PCR = 1.13 shows the market has a bullish sentiment. 24400 will be max pain. On the lower side, have good PE writing at 24300, 24200, and 24000, which will be a nice support point. On the upside, we have good CE writing, but CE writing is significantly lower than CE writing.
I am expecting the market to be sideways bullish until it breaks the channel on either side.
Reason:
RSI = 57 shows a mild bullish signal, but as the market is showing bearish divergence, it might correct itself soon.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 1.13 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 on either side of the channel.
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.
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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Please share your feedback or any queries on the study.
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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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Please share your feedback or any queries on the study.
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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.