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Nifty Intraday Trade Setup | 6th DecemberNifty opened with a gap-up and faced rejection near our buy level 24540 in morning, broke sell level 24410 and gave good downfall towards 24295. Both targets were done for sell trade. After consolidation at lower levels, Nifty gave a sharp up-move and gave 500 points rally from lower levels, made a high at 24857. From day high we again saw 300 points fall in just few mins, today was highly volatile session because of RBI Policy meeting decision tomorrow. For tomorrow the range the big, trade very cautiously and be alert at higher levels in Nifty. We will look for the sell on rise opportunity. Expectations: Highly Volatile movement. Intraday Levels: Buy Above - 24850 Sell Below - 24550 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Nifty analysis for 03/12/2024Nifty has been trading in a range for last five trading session and there are possibility of a trend reversal as the chart seems to me. It is trading around the Hourly EMAs and has closed above it after good fall on Thursday. If there is a break out of the resistance zone, 24500 can also be breached and new highs around 24730 can be seen. A base and W pattern formation is there around the low created. Buy on dip can be done once the crucial round number figure is taken out. Resistance :- 24350, 24500, 24940 Support zone :- 24090-24140 The market is looking strong for the coming days. Market reaching 25k this week or the next can be seen. Wait for the price action near the levels before entering the market.
NSE:NIFTYLong
by Mambotrade
Nifty50 Crosses Head and Shoulder Pattern, Resistance at 23895Details: Asset: Nifty50 Index Breakout Level: Nifty50 crossed the head and shoulder pattern Current Level: 24472 Potential Resistance: 23895 Stop Loss: Based on risk tolerance or technical analysis Timeframe: Short-term, dependent on market sentiment and election outcomes Rationale: Nifty50 has broken through a head and shoulder pattern, a typically bearish indicator. The next significant resistance level appears at 23895. The market may see further downside unless positive developments, such as favorable election results, provide relief. Market Analysis: Bearish Pattern: The head and shoulder pattern indicates potential further downside. Nifty50 may continue to decline unless a reversal is triggered by positive news or market catalysts. Election Impact: Election results could play a crucial role in determining the market’s direction, especially in a sensitive period like this. Price Target: Resistance is likely at 23895. If Nifty50 fails to break this level, it may see continued bearish momentum. Risk Management: Adjust stop losses based on individual risk tolerance and technical analysis, especially given the uncertainty around political outcomes. Timeframe: The timeframe for reaching resistance at 23895 could be short-term, but broader market trends and election outcomes may impact the index's movement. Risk-Reward Ratio: The setup leans bearish, with the head and shoulder pattern indicating downside risk. Ensure stop-loss levels are adjusted for volatility. Monitoring the market's response to political and macroeconomic factors will be key for Nifty50's near-term outlook.
NSE:NIFTYShort
by CyborgTradingHub
NIFTY TOMORROW PREDICTION NIFTY makes Head and shoulder pattern in 1H Time frame ..........if it's breaking the levels then We will see in negetive movement in market... Nifty 50 has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has broken a head and shoulders formation. A decisive break, preferably with increasing volume, is considered a confident signal of the start of a falling trend. The index has broken down through support at points 25000. This predicts a further decline. RSI below 30 shows that the momentum of the index is strongly negative in the short term. Investor have steadily reduced the price to sell the index, which indicates increasing pessimism and continued falling prices. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The index is overall assessed as technically negative for the short term.
NSE:NIFTYShort
by yashasvinamdev
What’s Nifty planning to do next?After the budget on July 23, 2024, Nifty experienced a slight retraction. But, today (July 26, 2024), it recovered and created an all-time high of 24, 861. This raises the question, “ What’s Nifty planning to do next? ” For a change, let’s try to decipher Nifty’s next move using Neo waves. We begin the count from the Election results’ day low hit by Nifty on June 4, 2024. As, Nifty moved ahead, we became more convinced that it is creating a Neo wave Diametric pattern (bowtie), which is a 7-legged structure. This quote from neowave.com, will help you understand why we considered it a diametric pattern – “ As the time between waves becomes very similar (but price differences still exist), a Diametric is your best option. ” Nifty seems to have completed the A-B-C-D-E-F legs of the diametric and is right now in the G wave. So, how far will the G-wave extend? Ideally, G-wave would be 61.8% of A, but it can also be truncated at either 38.2% or 50% of A. In case of Nifty, a truncated G wave of 38.2% comes to around 24,950, 50% is around 25,250, and 61.8% is around 25,500. We think that this G wave will most likely hit the 50% mark. Only time will tell where the G-wave will culminate, but once it hits the 38.2% mark, we should become cautious and begin looking at price action more carefully. Disclaimer : We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTY
by WaveMoku
3
#BUDGET2024 NIFTY POV 24/07/2024Well, today's market opening has a gap up in Nifty. Also, all markets will be opening with GUP-UP. So, come to the point I think the market may be going to the downside because of the weak sustainability. the reason for weak sustainability is the big players manipulate the retail buyers or this recovery shows the interest of retail buyers in the bullish view because of this the FII/DII make the big moves where the retailers lose their money in the market sentiments. L E V E L S:- SUPPORT:-24300 24100 RESISTANCE:-24600
NSE:NIFTYShort
by TheGoldenRatio-6
07 May 2024 - Going short on Nifty50 as 22295 violated, 🐻🐻🐻Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Our markets not rallying as against the recovery in US markets - speculating something to do with the re-election and taxation. Since I do not have any data points, will wait for more clarity." After having an inline opening, Nifty50 started falling quite aggressively. Without a real struggle, 22295 was taken out in the first attempt itself. By 11.39 we fell almost 269pts ~ 1.2% and that too without any retracement. The moment the support was breached, we had to revise our stance from neutral to bearish. Unfortunately, we did not have further bearishness today, and by going short it may appear that we did not get any benefits today. Normally when critical support is broken, it means we should have further follow up action shortly. Also in the 63mts TF we did not really break it, if you are a conservative trader, it is a good idea to wait for one full candle to form below 22295. When you look at the higher time frame, N50 trading between 22295 and 22051 is detrimental to the inverse H&S formed between 14th to 26th March. If the next support of 22051 is broken, then we might even have to remove that candlesticks pattern. Despite a sharp move today, N50 algos made 10417 INR today thanks to the India VIX that rose to 17% levels.
NSE:NIFTYShort
by viswaram
#Nifty directions and levels for March 6th."Good morning, friends! Here are the directions for March 6th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -12 point. Nifty has a range-bound structure, so if the market opens neutrally, we can expect further range continuation. However, a directional move is anticipated only if it breaks the range either upside or downside.
NSE:NIFTY
by Manickamtraders
11th Dec ’23 - No special triggers for Nifty, just status-quoNifty Analysis Recap from yesterday: “On the 63mts TF, The uptrend stays intact. BankNifty has resolved the directional doubt on the upside which may impart more strength to Nifty next week. How high can we go — I am not sure. I wish to continue with my bullish stance till proven wrong.” 4mts chart link - click here The opening candle was quite shaky, we had a swing between 20999 to 20923 i.e. 76pts in the opening 4mts something that is not usual. The next set of candles ensured that the swing made no sense at all. Meanwhile, we hit a new ATH of 21026 today as soon as we hit it - there was a profit booking of 75+ pts over the next 5 to 6 candles. From there we gradually picked up and closed the day positive. The closing 30mts gave me the impression that there was long build-up for tomorrow. We will see how the opening 30mts reacts and then take it forward. 63mts chart link - click here Nifty has completed a beautiful arc shape on the 63mts TF. The base trend line is still upward-facing. For tomorrow also I prefer to maintain the bullish stance. If we are unable to build momentum and Nifty is falling to the 20900 levels then I may have to change the stance to neutral by the end of the day.
NSE:NIFTYLong
by viswaram
Nifty Decemeber Outlook - 20473 or 19432?Nifty has been on an excellent bull run with good pullbacks and retracements for well over an year now. Today , Nifty reclaimed 20000 mark once again and the real question is what will happen next? In this educational article, lets decipher what is likely to happen in the month of December. Analysis using Fibonacci Retracement: Here is a snapshot of Nifty and we can see a great rally from March 27th to 18th September with no major retracements except few pullbacks here and there. However, Nifty underwent a good 38.2% retracement and bounced back to 20000 mark indicating that it is ready for next higher moves! Retracement Gap Pending at TOP: When the retracement move happened on 18th September, we can see a massive gap down occurred at the top. And this gap can be expected to fill first. The gap will be filled only when the Nifty touches 20142 and here is the screenshot Reversal Gap Pending at Bottom: Today as market opened straight above 19960 and there is a gap formed from previous close which will be a critical retest zone. A reversal gap will be completed only when it touches 19898. Fibonacci Extension Targets Upside: Positional analysis from march to September retracements suggests that Nify on higher side is likely to reach 20092(done), 20473, and 20855 Fibonacci Extension Targets Downside: Positional analysis from march to September retracements suggests that Nify on Downside is likely to reach 19587, 19432 and 19277 20473 or 19432 -My Outlook: This is only for educational purpose and sharing my outlook for learning purpose only. I am bullish for the following reasons 1. Retracement is done 2. Gap filling at top is pending which will attract since there is momentum, market will likely use it to fill the gap 3. A small gap at 19898 may pull Nifty to that level but positionally should continue making newer highs 4. A good retracement, consolidation and trading at peak entering into bullish December is a good sign for extended bullish run Verdict: 20473 on cards for Decemeber and who knows we may see 21K for New year 2024!
NSE:NIFTY
by SathishChandrasekaran
NIFTY 50- Target Levels - 07.11.23.Its Helpful & Useful For Freshers, Newers & Beginners Of Trading... Learn & Earn With You Own... Nifty Spot Price : 19411.5 India Vix Spot : 11.11% - Nifty Daily Range : 19299 To - 19525 See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point. Second By Second Change The Trailing Stop Loss.. Don't Loss Your Hard Money.. Draw & Watch The Target Points : Entry Point... & Stop Loss... & Target Point ...Is Yours... In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check. (Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not) I Am Not Sebi Registered Analysis, This Is Education Purpose Only. Dear Followers.. Trend Is Our Friend.. 1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy. 2. Kindly Watch My Break Even Point. Every Day.. 3. Above The Break Even Point.. Resistance Break.. UPTrend Starts.. Buy CE.. 4. Below The Break Even Point.. Support Break.. DownTrend Starts.. Buy PE.. 5. After Retracement.... Stop Loss is Above Or Below Break Even Point.. 6. Stop Loss Is Must.. 7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame.. 8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also.. 9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry. Don"t Enter Blindly. 1. We Focus On Our Daily Analysis.. 2. Combination Theory Of Delta, Gamma, Thetta, & Vega. 3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory 4. We See 4 Types Of Fibinacci Retracement Levels.. (1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level), 5. Techninal View On Break Even Point.. & Prediction Of Entry, Targets, & Stop Loss.. 6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully.. 7. Market Moves in UpTrend or DownTrend.. 8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.. Its Most Important For Daily Tradings.. 9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings.. Kindly Follow My Channel & Like Your Support & Share My Ideas. TAMIL.. TAMIL... TAMIL.... Engum Tamil.. Ethilum Tamil.. VALGA VALAMUDAN.. Ithu Oru Tamilanin Thoguppu.. Like Pannunga.. Comment Pannunga.. Share Pannunga.. & Profit Pannunga... Marakkama Unga Friends & Relatives a - market1tomorrow - la Join Panna Sollunga.. This Is My Trading Phychology Of market1tomorrow
NSE:NIFTY
by market1tomorrow