Nifty Support & Resistance Levels for 13.06.2024Nifty broke the intraday supply zone (15m) yesterday and made a new all-time high of 23,441.95. The weekly trend (50 SMA) remains positive, while the daily trend is sideways.
Support/Demand Levels:
Near Support/Demand Zone (15m): 23,232 - 23,268
Far Support/Demand Zone (15m): 23,037 - 23,078
Farther Support/Demand Zone (125m): 22,642 - 22,911
Resistance/Supply Levels:
Minor Resistance/Supply Zone (15m): 23,367 - 23,395
Niftyprediction
NIFTY Intraday Trade Setup For 13 Jun 2024NIFTY Intraday Trade Setup For 13 Jun 2024
Bullish-Above 23450
Invalid-Below 23400
T- 23645 23850
Bearish-Below 23200
Invalid-Above 23250
T- 22880
NIFTY has closed with 0.25% gain today. It was another overall sideways day as where it opened via gap up, settle at the same place EOD. This week is all about premium adjustment to their values. Tomorrow in case 23450 is taken out in the upside then chances of a trendy move is high, most probably towards 23850. In case 23200 is sustained in the downside, we will see move towards 22900 zone.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23450 then we will long for the target of 23645 and 23850.
For selling we need a 15 Min candle close below 23200. T- 22880.
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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This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Nifty & Bank Nifty Analysis For 13 June 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
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Nifty50 Support And Resistance 13-June-24Nifty50 Support And Resistance 13-June-24
Please find below simple resistance and support:
This is only for education purpose. Do your own research before investing or trading.
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Nifty weekly expiry analysis for 13/06/2024.Nifty for the last 3 trading session has been forming doji candle around the higher levels.
The market is holding the upper levels but is not moving much above the previous day high. Single hourly candle is giving a move and after that there are many halt candles.
Sentiments are looking negative as the RSI is showing a bearish divergence and market is unable to hold the higher levels.
Major support levels :- 23235, 23160
Nifty is still trading above the moving averages. Moving averages strategy may trigger and can give the targets.
If nifty starts trading below the first support zone, a bearish entry can be made with the target of next support zone.
In case of a gap up opening, today's high will act as the resistance and in case is starts trading above the high, bullish trade with 50-60 points as SL can be carried in less quantity.
There are chance of a retracement in the market. If there is a gap down opening below the support zone, wait for the market to get rejection from the zone and trade accordingly.
Wait for the price action near the levels before entering the market.
NIFTY Consolidation about to ENDHello Guys.
Niffty is Planning out to reverse from this support zone & could move upwards in Future.
RSI shows Hidden Bullish Divergence in the 1hr time frame.
The range breakout to be Happen on Tomorrow or Friday.
This new breakout in Nifty could be Very volatile.
Still now Not holding any positions once the Move is Confirmed will go for Long.
HAPPY TRADING
Nifty Institutional levels | Intraday 12-JUNE-2024 | 9:15 IST #Optionbuyers
#Niftyoptionscalping
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
Trade Execution:-
Trade confirmation 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
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 (12th June) 1/223335 imp level if closing sustains below in hourly then could 📉 📉 to below price levels marked
Below levels are still pending to test
If next hourly candle closes above 23335 then 📈 📈
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 -12/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23290 level and then possible upside rally up to 23410 level in today's session. in case nifty trades below 23240 level then the downside target can go up to the 23120 level.
Nifty Support & Resistance Levels for 12.06.2024Nifty made multiple attempts to cross and sustain above 23,300 - 23,400 but failed due to selling pressure at higher levels. It faced rejection from the supply zone mentioned in the last post and has now created a fresh supply zone at similar levels. The weekly trend (50 SMA) remains positive, while the daily trend is sideways.
Support/Demand Levels:
Near Support/Demand Zone (15m): 23,037 - 23,078 (remains the same)
Far Support/Demand Zone (125m): 22,642 - 22,911
Farther Support/Demand Zone (125m): 22,213 - 22,445
Resistance/Supply Levels:
Nearest Resistance/Supply Zone (15m): 23,363 - 23,390
#Nifty directions and levels for June 12th.Good morning, friends! 🌺🍬 Here are the directions for June 12th:
There are no significant changes in the global and our market. It is still maintaining a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 40 points.
We are going to follow yesterday's sentiments. Nifty and BankNifty both consolidated in the previous session as well.
It's a range-bound market, so the market may consolidate within the range of the past two trading sessions.
However The proper statement is: if the market opens neutral, or if it takes support around the immediate support level, then we can expect a minimum of a 78% bounce back in the minor swing. the rally will continue only If it breaks the previous high. otherwise the range only will continue.
Alternatively, if the market takes a sharp decline initially, we can expect the correction to continue with minor consolidations around 23,029 for Nifty. Here, the structure is important. If it has a solid reddish candle, we can expect a correction; otherwise, the range may continue further.
Medium Term Trading Idea in Hero MotoCorp for > 20% upsideHi,
NSE:HEROMOTOCO 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.
Disclaimer: Please consult your financial advisor before making any investment decision.
NIFTY50 - Super Duper Breakout or Retracement ?Looking at the Daily chart we saw a good recovery last week followed by some indecision this week so far.
Prima facie , we see exhaustion at a strong resistance zone with 2 doji's - the second doji made a lower low and lower high. Even the 15 min chart got weak towards end of day.
However, going deeper, the microscopic lenses draw attention to the volume which speaks a different language on the lower time frame.
The doji's formed are still above a long trendline which can act as a good support. Contrary to public bearish opinion, one could also expect a huge massive breakout candle in the next 2-3 sessions breaking the strong resistance zone with enhanced force and vigor.
However, if the retracement plays itself there are some strong supports (marked as a retracement zone) but at the same time we can't ignore a double top formation at strong resistance. An M pattern could also be equally powerful on the downside.
Anyways, doji's are meant to keep us guessing. Time will tell what happens but I'm biased towards a powerful bullish breakout and will trail my SL in stocks to let them handle this confusion for me.
NIFTY Intraday Trade Setup For 12 Jun 2024NIFTY Intraday Trade Setup For 12 Jun 2024
Bullish-Above 23420
Invalid-Below 23370
T- 23630
Bearish-Below 23200
Invalid-Above 23250
T- 22880
NIFTY has closed on an absolute flat note today, like yesterday. Overall range is 23420 and 23200 since last 2 sessions. This sideways market is very common and natural after an major event, process of IV cool off. Below 23200 we are likely to test 22880 zone, calculated with the confluence of half bat. Above 23420 there can a good upside move. Between this 220 points range maintain non- directional approach.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23420 then we will long for the target of 23630.
For selling we need a 15 Min candle close below 23200. T- 22880.
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.
Nifty50 (11th June) 1/1Hourly closing below 23316 could trigger more 📉 📉 to below levels ( 22906 -- 22921 )
23228 -- 23189 Support Zone/ Reversal levels
Any Hourly closing or sustains above 23316 📈 📈 23387 ( will post above levels if it sustains)
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty Institutional levels | Intraday 11-JUNE-2024 | 9:15 IST#Optionbuyers
#Niftyoptionscalping
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
Trade Execution:-
Trade confirmation 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
House Rules in trading:-
Sharp at 9:15 AM
Priority to risk management
Fast execution (morning breakfast)
Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
#NIFTY Intraday Support and Resistance Levels -11/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23260 level and then possible upside rally up to 23380 level in today's session. in case nifty trades below 23200 level then the downside target can go up to the 23080 level.
#Nifty directions and levels for June11th.Good morning, friends! 🌺🍬 Here are the directions for June 11th:
There are no significant changes in the global market. It is still maintaining a moderately bullish sentiment based on the Dow Jones, while our local market also maintains a bullish trend. Today, the market may open with a neutral start, as indicated by GiftNifty, which shows an increase of 30 points.
Nifty and BankNifty both have the same sentiment; both consolidated in the previous session. So, as usual, structurally it’s a bullish trend, but we should wait for the range breakout. If it breaks, we can expect the rally to continue. If you want precise directions, here is a step-by-step guide:
> In the short term, the market is moving within a minor range. If the market opens neutrally, we can initially expect range continuation. That means if the market takes a pullback initially or if it takes support around the immediate support level, the market may bounce back a minimum of 78% in the minor swing.
> The rally will continue only if it breaks the previous high.
> The correction may be expected only if the market takes a sharp decline initially. If the decline sustains, we can expect the correction to continue with minor consolidations around 23,029 for Nifty.
Nifty Support & Resistance Levels for 11.06.2024Nifty made a new all-time high of 23,411.90 but wasn't able to close above the previous high of 23,338.70 due to profit booking at higher levels. The weekly trend (50 SMA) remains positive, while the daily trend is sideways.
Support Levels:
Near Support Zone (15m): 23,037 - 23,078 (remains the same)
Far Support Zone (125m): 22,642 - 22,911
Farther Support Zone (125m): 22,213 - 22,445
Resistance Levels:
Nearest Resistance Zone (15m): 23,341 - 23,378
NIFTY Intraday Trade Setup For 11 Jun 2024NIFTY Intraday Trade Setup For 11 Jun 2024
Bullish-Above 23420
Invalid-Below 23370
T- 23630
Bearish-Below 23220
Invalid-Above 23270
T- 22880
NIFTY has closed on a slight bearish note with 0.13% cut today. It was a range bound session of less than 200 points range. Since it has shown some bearish sign from where the steep fall was triggered. Below 23220 we may test the plotted half bat PRZ near 22880-22900 zone. 22880 will act as an important intraday support. In case 23420 is triggered in the upside then chance of a fresh run in the coming days.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23420 then we will long for the target of 23630.
For selling we need a 15 Min candle close below 23220. T- 22880.
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.