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#nifty directions and levels for April 10th.Good morning, friends! Here are the directions for April 10th: There have been no changes since the last session. The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +60 point increase. Nifty has retraced 38% after the gap-up in the last session. Structurally, 38% is a strong support level. Therefore, if the gap-up sustains, initially we can expect a range-bound market within the range of the last trading day. Directional movement will occur only if it breaks the range either to the upside or downside. Alternatively, if the gap-up doesn't sustain, it might turn into a correction phase. However, it should break the Fibonacci level of 38%. If it does break, we can expect a minimum range of 22,558 to 22,501.
NSE:NIFTY
by Manickamtraders
NIFTY Prediction for tomorrow 10 Apr 24NIFTY opened a gap-up and fell sharply from 22768. If we look at the chart now: The market is trading at the resistance zone (4H-TF). Also, the market is trading at the support trendline. If the market breaks the support to the downside, it is going to generate a quick fall till 22471. Meanwhile, 22617-22766 is a sideways zone, as marked in the chart. If we look at the OI data: PCR = 1.13, which shows bullishness. But yesterday's PCR was 1.34. That shows the Bull's strength is decreasing, and bears are taking hold of the market. Also, there has been a very good CE writing 22700-23000. There was not much of PE writing today. The market is getting ready for some correction. If we look at the FII & DII data: FII is bullish; the Client is bearish. I am expecting a gap-up to open and then a fall. Reasons: PCR = 1.18 indicates a bullish structure. (Bullish) The market is trading in a resistance zone. There is a high probability that the market will have some correction. (Bearish) Price >> 200EMA and 13EMA >> 200 EMA that might lead to a correction in the market. (Bearish) RSI is showing bullish divergence, which might force the market to be sideways. (Sideways) Price < VWAP means the market is in the bears' favor. RSI ~ 40-60, which indicates a market sideways structure. Verdict: SIdeways or bearish Plan of action: Sell 22700 CE and Sell 22600 PE (Hedge with 20/- premium) Exit CE if it breaks the downside.
NSE:NIFTY
by finnova_
3
Nifty levels - Apr 10, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty levels - Apr 09, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty levels - Apr 05, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty levels - Apr 04, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty 02 Apr- Flat day, consolidating or deciding to reverse?Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “But before we go long, let us give it a day or two because the reaction today may be the after-effect of the adjustments and rebalancing that was done over the last 2 to 3 days due to year-end.” Nifty was falling gradually, almost maintaining the same slope as yesterday. The final 90 minutes saw some activity against that slope, which ensured that we were closing flat for the day. If you consider the 0.71% fall in NiftyIT, it is quite commendable that Nifty and BankNifty held their ground. Honestly, NiftyIT falling was not a good sign - we should be seriously watching that sector to see if there are any weaknesses in the pipeline. NiftyIT is the first sector to react based on global macros (anything except Crude Oil). We wish to maintain the bullish stance for tomorrow as well, but we will be a bit cautious if Nifty falls below 22393 levels. A stance revision may not be even required till 22295 is broken. In fact, Nifty might react more to domestic cues than international macros as elections are getting kicked off. We are going into the campaigns with a historically low VIX of 11.6525, I am quite sure this should start rising pretty soon.
NSE:NIFTYLong
by viswaram
Nifty levels - Apr 03, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty levels - Apr 02, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
#Nifty directions and levels for March 28th"Good morning, friends! Here are the directions for March 28th: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -8 point. Nifty experienced a solid pullback in the last session, but the closing retraced a little bit. According to the wave structure, it could be in the 4th subwave. So, if the market opens neutrally, the 4th might consolidate a bit. After that, if it breaks the previous high, then we can consider that as a 5th subwave. It might reach a minimum of 22211 to 22262. If the 5th wave rejects there, then we can expect a correctional wave. On the other hand, if the market sustains around the 22262 level, then the 5th may extend further.
NSE:NIFTY
by Manickamtraders
Nifty levels - Mar 28, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
#Nifty directions and levels for March 27th.Good morning, friends! Here are the directions for March 27th: there is no significant difference between the last session. The global market trend is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -40 point. Nifty has consolidated despite opening with a long gap-down. Today also, Giftnifty indicates a gap-down start. So, if the gap-down sustains, we can expect a minimum of 61 to 78% Fibonacci correction. After that, if it finds support there, we can expect a minor 38% pullback wave. On the other hand, if it breaks or consolidates around the Fibonacci level of 78%, then the correction will likely continue. Alternatively, if the gap-down doesn't sustain and if the initial market experiences a sharp pullback, it might enter a range market between the previous high.
NSE:NIFTY
by Manickamtraders
26 Mar ’24 — Scary opening minutes and broken support at closeNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The support of 22051 will be crucial and N50 has to defend it if we wish to go bullish.” 4mts chart No one would really believe it if we said Nifty50 had an opening low of 21947 i.e. 133 points below the last session close. Well, it was just a blip and we quickly regained the 222051 support/resistance level. From 09.19 to 14.31 Nifty was hovering around this zone with no particular intent to go up or down. In the last hour, Nifty made a quick fall of 50+ points went to 22000, and then closed there. The good thing is that we did not retest the opening lows again and the bad thing is that the momentum we had on the last working day is almost gone. We drew an inverse Head & Shoulders pattern on the 22nd. If that holds true, we should be getting some assistance tomorrow or the 28th If N50 is unable to rally despite the IH&S pattern we will quickly change our priority to a small triple top that is forming and go bearish if 21913 support also fails. Tomorrow we wish to maintain our neutral stance. 63mts chart
NSE:NIFTY
by viswaram
Nifty levels - Mar 27, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
#Nifty directions and levels for March 26th."Good morning, friends! Here are the directions for March 26th: The global market trend is moderately BEARISH, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -30 point. If the Nifty opens neutral or gap-down, then the 38% Fib level will act as support. If it finds support there, we can expect a range-bound market. On the other hand, if it consolidates or breaks that level (the Fib level 38%), then we can expect a correctional wave of a minimum of 61 to 78%. Alternatively, if the market opens with a gap-up and breaks the previous day's high, then first we should watch the breakout structure. If it has a solid structure, then we can expect sharp moves. If it breaks with less volume, then it may form a diagonal pattern, because if it breaks the previous high, then the 5th wave may continue. The 5th wave is a distribution wave."
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for march 22.Good morning, friends! Here are the directions for March 22nd: The global market trend is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -40 point. Yesterday also Nifty closed at where it opened. Giftnifty suggests a gap-down start, so if it opens with a gap-down, we can expect a range-bound market initially because the wave indicates subwave 4th. If it finds support around the demand zone, then we can expect a range-bound market to rally continuation. Alternatively, if it breaks the demand zone, it will turn into a correction phase that may reach the Fibonacci level of 78% with minor consolidation.
NSE:NIFTY
by Manickamtraders
Nifty levels - Mar 22, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
#Nifty directions and levels for March 21st.Good morning, friends! Here are the directions for March 21st: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +160 point. Nifty has closed near the open price, but the swing was very huge. Today, Giftnifty has shown a +160 gap-up start. So, if it sustains, then we can expect further rally continuation, reaching 22077 to 22177 with minor consolidation. Alternatively, if it rejects around the immediate resistance (22035 to SZ), initially we can expect a 23 to 38% minor correction. After that, if it breaks the 38% Fibonacci level, that's a sign of trend reversal, or if it finds support there, then it may experience some consolidation in the range market.
NSE:NIFTY
by Manickamtraders
Nifty levels - Mar 21, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
#Nifty directions and levels for March 20th."Good morning, friends! Here are the directions for March 20th: there is no significant difference in the last session. The Dow Jones has maintained a neutral sentiment, while our local market sentiment is also neutral. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +60 point. Nifty is maintaining a moderately bearish sentiment. However, Giftnifty indicates a gap-up start; structurally, it couldn't sustain. If it doesn't sustain, then we can expect further correction, reaching the demand zone level. It's a minor support here, so if the market consolidates or breaks the zone, then the correction will likely continue. On the other hand, if it experiences a sharp pullback, then we can expect a minimum of 23% to 38% pullback (using Fibonacci swing high to low 22123 to the upcoming low). Alternatively, if the gap-up sustains, then it may range within the market structure between yesterday's low and the Fibonacci level 38%. We can take a breakout trade once the range breaks, whether it's to the upside or downside, or if it breaks 38% instantly, the pullback will continue with minor consolidations.
NSE:NIFTY
by Manickamtraders
Nifty levels - Mar 20, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty levels - Mar 19, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe