#NIFTY Intraday Support and Resistance Levels -25/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23570 level and then possible upside rally up to 23690 level in today's session. in case nifty trades below 23530 level then the downside target can go up to the 23420 level.
Niftyprediction
Nifty Intraday Support & Resistance Levels for 25.06.2024Nifty opened gap-down on Monday, reacted from the 15m demand zone mentioned yesterday, and closed near the day's high. The weekly trend (50 SMA) remains positive, while the daily trend is still sideways.
Support Levels:
Near support/demand zone (15m): 23,430 - 23,469
Far support/demand zone (15m): 23,297 - 23,329
Further support/demand zone (15m): 23,232 - 23,268
Major support/demand zone (Daily): 22,642 - 22,910
Resistance Levels:
Near supply/resistance zone (30m): 23,567 - 23,622
Short Term Swing Trading Idea in Jupitar Wagon for > 15% UpsideHi,
An bullish on-neck Breakout pattern emerged on the Daily chart of NSE:JWL
MACD on daily, weekly and monthly time frame is on the bullish side and RSI is also on the bullish side, so expecting the bullish trend to continue.
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 25 Jun 2024NIFTY Intraday Trade Setup For 25 Jun 2024
Bullish-Above 23570
Invalid-Below 23520
T- 23745
Bearish-below 23350
Invalid-Above 23400
T- 23185
NIFTY has closed on a slight positive note today with 0.16% gain. It opened gap down and tested the support or sell level immediately. However 10 o'clock range was to be used as per trade setup, range broke upside above 23450 and gave a good move till 23550. I feel like the trend is missing and one should wait for clear price action in daily TF for a trend in short term. 23570 and 23350 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23570 then we will long for the target of 23745.
For selling we need a 15 Min candle close below 23350. T- 23185.
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 on Radar, View for 24-JuneThe price has been following a divergence pattern between rsi and price.
Already the price has been rejected by the same levels. The breakdown of the level 23,334 could start a downtrend and could test the support level of 23,110.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty Futures Intraday Levels | 24-JUNE-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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NIFTY 50 SETUP TRADE WIH 1:5 RISK REWARD
A good selling detected on NIFTY 50
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
A good selling detected on NIFTY 50
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Nifty50 (20th june) 1/1Closing below 23577 in hourly could be bearish 📉 📉 to 23313
( It could move upward to HUNT STOP LOSS 23616 )
Any Hourly closing above 23577 -- 23616 is bullish ( chances are low for today )
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 -24/06/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 23430 level and then possible downside rally up to 23310 in today's session. in case nifty trades Above 23480 level then the upside target can go up to the 23600 level.
#Nifty Directions and levels for june24th.Good morning, friends! 🌺🍬 Here are the directions for June 24th:
The global market is showing a moderately bullish sentiment, based on the Dow Jones. Our local markets are also maintaining this moderately bullish sentiment. However, today, the market may open with a gap-down start, as indicated by GiftNifty, which shows a decrease of 75 points (as of 8:00 AM).
Nifty and BankNifty have both been maintaining a range-bound structure, with no significant changes. However, GiftNifty is indicating a negative start today. If the market breaks below the current range, a correction may be expected. Conversely, if it finds support at the immediate support level, it will likely return to its range. This is the basic structure we are observing.
Additionally, I will share one thing: it has been a long consolidation period, so if it breaks, it could lead to a sharp correction. To determine if the correction will continue, we should check the volume and open interest (OI). If both increase, we can assume the correction may continue further. If they do not, we can't expect a significant correction.
Nifty Intraday Support & Resistance Levels for 24.06.2024Nifty reacted from the 30m supply zone during intraday trading on Friday and closed near the day's low. However, it did not close below the crucial level of 23,442 mentioned in the last post. GIFTNIFTY is trading negative as of this post, indicating that we might see a decline in Nifty to 23,369 and below. The weekly trend (50 SMA) remains positive, while the daily trend is still sideways.
Support Levels:
Near Support/Demand Zone (15m): 23,334 - 23,369
Far Support/Demand Zone (15m): 23,297 - 23,329
Farther Support/Demand Zone (15m): 23,232 - 23,268
Major Support/Demand Zone (Daily): 22,642 - 22,910
As the 75m trend is still sideways, it is advised to take Confirmation entries for long trades in the 15m Demand/Support zone.
Resistance Levels:
Near Supply/Resistance Zone (30m): 23,567 - 23,622
Nifty weekly anlysis for 25/06/24.Nifty on the weekly time frame has formed a doji candle and closed only 35 points higher.
Market is stretching a lot and there are chance of showing some profit booking or reversal as the candle on the dialy charts suggest.
For last 5 trading sessions, nifty has remained in a 200-250 points zone.
If nifty starts trading below 23415 levels, it can test minor support levels around 23300 and travel towards 23230 levels.
Major support levels :- 23230, 22925
Resistance levels :- 23659
Nifty from the low of this month has travelled 970 points while still 5 trading session are there.
In case of a break out, the market will be in an uncharted area can travel to the next thousands.
On smaller time frame( 60 minute), nifty is trading below the 20 ema, resting on 50 ema and there can be chances of it testing the lower moving average.
Watch for the moving averages trading strategy giving a entry or a fake down.
Wait for the price action near the levels before entering the market.
Nifty 24-06-2024 AnalysisHello Traders, Welcome to SriTrader5121
______________________________________
Overall view for the day
Buy - with the support of Important_level
Sell - with the rejection of Important_level
Major Support - Around 2335#
Major Resistance - Around 2360#
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
_______________________________________
Rules to follow...
1) Wait for confirmation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
_____________________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purposes and a helping hand to learn trading in the live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone.
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NIFTY Intraday Trade Setup For 24 Jun 2024NIFTY Intraday Trade Setup For 24 Jun 2024
Bullish-Above 23680
Invalid-Below 23630
T- 23917
Bearish-Below 23390
Invalid-Above 23440
T- 23185
NIFTY has closed almost on a flat note last week. It has formed a spinning top candle in weekly TF which indicates halt or reversal of the uptrend. In case low- 23390 is crossed then it can act as a reversal signal in the short term. Above 23680 index may resume slow and steady upmove. Last week it was directionless market, we can expect directional move in the coming week. Be neutral till index is inside 23680 and 23390.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23680 then we will long for the target of 23917.
For selling we need a 15 Min candle close below 23390. T- 23185.
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.
Monthly Expiry Special Nifty & Bank Nifty Next Week 24-28 JuneIn 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!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
Nifty Futures Intraday Levels | 21 -JUNE-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)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty on Radar, View for 21-JuneThe price has been following a divergence pattern between rsi and price.
Today the price is rejected by the previous candle high. The breakdown of the level 23,334 could start a downtrend.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
#nifty directions and levels for June 21st.Good morning, friends! 🌺🍬 Here are the directions for June 21st:
There are no significant changes in the global or our markets. They are maintaining a moderately bullish sentiment. Today, the market may open neutral to slightly gap-up, as indicated by GiftNifty, which shows an increase of 3 points (as of 8:00 AM).
Range-Bound Market:
Both Nifty and BankNifty consolidated in the previous session, and this may continue today. However, if the market breaks out of this range, we need to be prepared.
Bullish sentiment:
> We previously discussed that the market is in the 4th subwave. This is still the case, so we expect a range-bound market today.
> If the market breaks the range on the upside, we can expect the 5th wave rally. However, the 5th wave is a distribution phase,
> so even with an upside breakout, the market might not move significantly.
> A sharp rally can be expected if the market breaks the immediate resistance effectively or consolidates around it. Otherwise, significant movement is unlikely.
Bearish sentiment:
The same sentiment applies on the downside. If the market finds support at the immediate support level, the range will likely continue. If it breaks the immediate support, we can expect the correction to continue.
#NIFTY Intraday Support and Resistance Levels -21/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23610 level and then possible upside rally up to 23730 level in today's session. in case nifty trades below 23560 level then the downside target can go up to the 23440 level.
Nifty Intraday Support & Resistance Levels for 21.06.2024Nifty reacted exactly from the 15m demand zone and the 5m supply zone mentioned yesterday. If Nifty opens flat or gap-down and breaks yesterday's low of 23,442, we might see a fall to 23,369 and below. The weekly trend (50 SMA) is positive, but the daily trend is still sideways.
Support Levels:
Near Support/Demand Zone (15m): 23,334 - 23,369
Far Support/Demand Zone (15m): 23,297 - 23,329
Further Far Support/Demand Zone (15m): 23,232 - 23,268
As the 75m trend (50 SMA) has turned sideways from an uptrend, it is advised to take confirmation entries for long trades at demand/support zones.
Resistance Levels:
Minor Supply/Resistance Zone (15m): 23,607 - 23,624
NIFTY analysis for today 21 Jun 24As we discussed, NIFTY traded in a sideways roller coaster with huge volatility inside the provided channel.
If we look at the chart now:
The market is trading inside the indecisive channel zone. By the time it's in the channel, it's going to be a roller coaster sideways. If the market breaks the channel to the downside, it may lead to a good fall till 200 EMA . Inside the channel, it can again show good volatility, big up and down candles.
Trade the market with proper risk management.
Support levels: 23474, 23379, and 23340 or EMA(200)
Resistance levels : 23622, and upper resistance trendline
If we look at the OI data:
PCR = 1.19, which has increased from 0.97, shows a bullish sign in the market. 23550 is max-pain. 23600 also has significant good CE writing that will provide good resistance. Higher levels have lower CE writing than lower lower put writing. The market is not able to make a Higher high. However, as bulls are not able to push the market to the upside, it might lead to a short correction.
I am expecting the market :
Case 1 : Sideways bullish in channel.
Case 2 : Good momentum either side it breaks.
Reason:
RSI is 40-60, showing sideways structure.
Price < EMA(13) and Price > EMA(200), which indicates weak bulls market
PCR = 1.17 has increased from 0.97 and shows signs of bullishness and an increase in the bull's strength.
Price > VWAP shows a Bullish market structure.
Verdict: Neutral
Plan of action:
Case 1 : Sideways: Sell 23500 PE & 23600 CE (Hedge it with 10/- premium options)
Case 2 : Keep both inside channel. Exit the opposite side on either side, and it breaks.