Niftyprediction
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.
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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.
Reversal Rising Wedge Pattern in AUROPHARMAAUROBINDO PHARMA LTD
Key highlights: 💡⚡
📈 On 1 day Time Frame stock Showing Reversal of Rising wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 1186-.
📈 There have chances of breakdown of Support level too.
📈 After breakdown of Support level this stocks can gives strong downside rally upto below 1070-.
📈 Can Go short in this stocks by placing a stop loss Above 1316+.
Nifty50 (10th june) 1/3Any Hourly closing below 23298 then 📉 📉 could test below levels 23213 -- 23170 ( Support zone )
If 23170 below closing sustains then could 📉 📉 to 22875
Any hourly closing above 23298 then bullish to above levels marked
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
Nifty Institutional levels | intraday 10-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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#NIFTY Intraday Support and Resistance Levels -10/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23310 level and then possible upside rally up to 23430 level in today's session. in case nifty trades below 23250 level then the downside target can go up to the 23130 level.
#Nifty directions and levels for June 10th.Good morning, friends! 🌺🍬 Here are the directions for June 10th:
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 to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 40 points.
Nifty and BankNifty both have the same sentiment, with no significant changes in direction.
Nifty has closed near its all-time high. Psychologically, this is a major resistance level. The current picture suggests a range-bound movement rather than a clear direction because the immediate resistance levels and wave structures are somewhat uncertain, like a cat on the wall. Let me describe the possible directions one by one. Let's look at the directions:
> If the market breaks the level of 23,401, either with consolidation or a solid breakout, we can expect a move to a minimum of 23,503, reaching the supply zone.
> On the other hand, if the market sustains the gap-down or if it rejects around 23,401 (if an initial pullback occurs), then we can expect a minimum correction of 38%.
>According to the structure, the 38% level could act as strong resistance in a trending market, so if the market finds support around 38%, we can expect the rally to continue with some consolidation.
My personal opinion is that if the market takes a correction, we can expect a minimum move to the 78% Fibonacci level. It may consolidate around either the 38% or 50% level, but it won't sustain for long.
07 Jun 2024 - reclaiming ATHs, saying no to SCAM accuasationsThe most viral stock market news topic is the accusation that Rahul Gandhi made on HM and FM for their speech asking people to buy stocks for June 4th. Everything would have gone well if we did not have the 8.75% crash on 4th June, because the markets did have a beautiful run up till then.
The SCAM accusation would have really made sense if we did not have the recovery on 5th, 6th and 7th, because as it stands now the markets are literally up by 3.2% as of 31st May close. I do not know if this follow up buying is actually scam version 2 or not, or is it genuine buying after markets got enough confidence from Modi 3.0.
Even if someone bought nifty50 stocks on 03 June and if they did not sell, they are relatively flat as on 7th June - even after the violent swings.
Technically we are still maintaining the bullish stance till proven wrong.
Nifty ready for price correction? support at 22900 or more fall?Nifty and BN Analysis -
BN has not moved up compared to Nifty up move, reason is Nifty got some boost from IT stocks.
on 10th June or few days next week one correction seems to be coming in both N & BN
In Nifty once price move below 23200 in spot it could see 22900
I think support might come here between 22900 to 22800 in spot
If not Nifty will fall to 22500 to 22400 in spot.
In my previous charts showed Infy and TCS taking support and accumulation is visible.
It took long time for IT shares to spike up.
Big boys who pushed IT shares up were knowing US NFP data ig going to hot and Dollar index will spike and usdinr was higher with RBI support
RBI too predicted dollar index spike and its bullish already,
But IT stocks move up can not be relied or we can see easy correction before another up move.
And in this scenario when dollar index and usdinr moving up BN is very easy to fall or see a healthy correction
In this fall Nifty too will see some correction easily.
Nifty & Bank Nifty Analysis For Next Week 10 June-14 June 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!
✅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 & Bank Nifty Analysis 07 June 2024 + Trading PsychologyIn this video, we'll discuss about Today's Analysis 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
Nifty50 Support And Resistance 10-Jun-24
Please find below simple resistance and support:
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NIFTY 50 - A Magician's Bluff ???Well Well Well ! What do we have here? A fantastic day at the markets where people are rejoicing their portfolio's in green especially if they were holding Railway and Defence stocks in particular.
Anyways, today is Thursday and tomorrow's closing according to me would be key to understanding this illusion (if any). I am skeptical because there is a strong resistance zone as marked and in 9 sessions we have already moved up 5% and the steam left should ideally be less. So I'm getting a hunch of a magician's bluff being laid out to the retail investors by the big hands.
What is a Magician's bluff ?
There are 3 components.
1. Sleight of hand - refers to the skillful manipulation of objects, typically using the hands, to create illusions and deceive the audience.
2. Misdirection - is the art of diverting the audience's attention away from the secret actions or methods employed by the magician.
3. Presentation. - the ability to effectively communicate and connect with the audience.
Firstly, I have never seen politicians coming out in the open disclosing direction to the markets. Who needs this information? Big hands or retailers? Don't the big hands already have some of the information they require? This to me is 1. Sleight of hand
One of the very common strategies put out on social media is a range breakout. This Nifty50 chart also looks like a range breakout and it could be as well. However, what is bothering me is whether this move today is to make retail investors believe that the info given to them actually is taking place?
I am skeptical and this alerts me w.r.t 2. Misdirection for now.
Talking about 3. Presentation. if tomorrow 24.4.24 we more or less move sideways and close below 22850, there is a possibility of a good correction in the markets close to the results where retailers may get trapped by the big hands who would be thirsty to deploy their funds lower down. We could be correcting to 21000-21500 odd levels at least. (Wolfe Wave coming into effect)
However, If I'm wrong and this is genuinely a good breakout then we could be seeing a small retracement (sideways move) and then head to over 24000.
Nifty on Radar - 6 JuneToday we have an indecisive candle, but the price has managed to close in the positive zone.
The price could test its supply Zone but on the downside we are at higher risk.
Technically we are in no trade zone.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty Institutional levels | Intraday 7-JUNE-2024 | 9:15 IST#Optionbuyers
#Niftyoptionscalping
1) Zones you always Like:-
Green zone- institutional support
Red zone - institutional resistance
Gap between institutional zones is always of 100 points
Zone making is helped by pivot points and Fibonacci
Advance version of price action
2) Trade Execution:-
Trade based on order flow data
Timeframe - 1 min
Risk Reward Ratio always 1:2
Strike price always ATM & slightly ITM
Position sizing
3) 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 Content , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if think is useful !
✍️COMMENT Below your view !
#NIFTY Intraday Support and Resistance Levels -07/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22900 level and then possible upside rally up to 223020 level in today's session. in case nifty trades below 22830 level then the downside target can go up to the 22710 level.
#NIFTY Intraday Support and Resistance Levels -07/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22900 level and then possible upside rally up to 223020 level in today's session. in case nifty trades below 22830 level then the downside target can go up to the 22710 level.