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#Nifty directions and levels for March 4thGood morning, friends! Here are the directions for March 4th: The global market trend is still 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-up start, as suggested by Giftnifty, showing a +70 point. Nifty has a consolidation structure around the supply zone, so it might be in subwave 4th. If the market breaks the supply zone, then we can expect the 5th impulse wave. The 5th wave is a distribution wave, so my assumption is it might be forming an ending diagonal pattern. If it forms and rejects around 22537, then we can expect a correction of at least 23 to 38%. However, if the rally has a solid bullish structure, the rally will likely continue when it breaks the level of 22537. Alternatively, if the gap-up doesn't sustain, then we can expect a 23 to 38% correction initially, meaning the 4th wave may continue further. However, if it breaks the fib level of 38% structurally, it may turn into a correction phase in the upcoming days.
NSE:NIFTY
by Manickamtraders
NIFTY prediction for tomorrow 4th MARAs we discussed NIFTY's bullish behavior in our last analysis, the Market (NIFTY) moved up 280 points. If we look at the chart data: The Market is trading at the resistance trendline zone. Also price >> EMA(200) (TF = 30 min) and EMA(13) >> EMA(200). This indicates that the Market needs some correction or consolidation at this point. Also, the Market is in an uptrend channel, which has formed a Higher High(HH). There is a possibility to form a higher low now. If we look at OI Data: PCR = 1.28, which shows the Market has bullish sentiments. There has been a huge PE writing at 22400. But if we look at the combined PCR = 0.99, it shows that the Market is likely to come down for some correction to form a Higher Low. FII & DII data: FII is medium bearish because the Market is trading at the resistance trendline. Clients are bullish because the Market is trading at ATH. I am expecting the Market to get some correction, at least till the level of 22200 (Fib 0.38 levels). Reasons: Price > EMAs show bullish sentiments. (Bullish) Price >> EMA(200) and EMA(13) >> EMA(200) market might get some correction till 22200. RSI ~ 75 needs some consolidation at this level. (sideways) PCR = 1.28 shows bullish signal whereas combined week expiry shows PCR = 0.99 weekness in bulls for upcoming week. (sideways) Price <= VWAP shows that the market price is balanced and can go either side. (Indecisive) Verdict: Sideways or Bullish Plan of Action: Case 1 : Iron condor in range 22300-22450. Case 2 : Sell 22450 CE (Hedge is with 20 rs CE)
NSE:NIFTY
by finnova_
2
Nifty levels - Mar 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 levels - Mar 01, 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 FEB 29th"Good morning, friends! Here are the directions for February 29th: The global market is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bearish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +50 point. Nifty fell drastically in the last session; however, the Gift Nifty indicates a positive start. Structurally, it could fall a little bit, so if the gap-up doesn't sustain, then we can expect a little bit of correction in the first half. After that, if it finds support around the demand zone, we can expect a minimum of a 23 to 38% pullback wave. However, if it breaks the demand zone, then the correction will likely continue. Alternatively, if the gap-up sustains, then we could expect a range market initially. After that, if it breaks the supply zone, then the rally might continue. On the other hand, if it breaks the previous low, then the correction will continue further.
NSE:NIFTY
by Manickamtraders
Nifty levels - Feb 29, 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
FASP levels for Nifty 23/02/2024The FASP for Nifty is listed for 28-02-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
#Nifty directions and levels for FEB 28"Good morning, friends! Here are the directions for February 28th: there have been no changes in the market sentiment. The global market 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-up start, as suggested by Giftnifty, showing a +20 point. Nifty closed positively in the last trading session. However, the structure remains in a range market. So today, we will also follow the same sentiment. If the gap-up sustains and breaks the immediate resistance, then we can expect further continuation. However, if it rejects around the immediate resistance or if the initial market takes sharp declines, then we can expect a range market. The correction will occur only if it breaks the fib level 78% aggressively."
NSE:NIFTY
by Manickamtraders
Nifty50 Support And Resistance 28-Feb-24Please find below simple resistance and support: Resistance: 22219 If crossed up then will see upward move as follows: T1: 22266 T2: 22301 Support: 22134 If crossed down then will see downward move as follows: T1: 22129 T2: 22094 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
NSE:NIFTY
by solitaryverma
Nifty levels - Feb 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 FEB 27thGood morning, friends! Here are the directions for February 27th: The global market 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-up start, as suggested by Giftnifty, showing a +25 point. Nifty has undergone consolidation in the last session. The structure is still bullish, so if the gap-up sustains, then today we can also expect a range market. If it breaks the previous high, then only it will go further; otherwise, it will close near where it opened. Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the Fibonacci level 78% (21966). After that, if it finds support there, then we can expect a minor pullback. However, if it also breaks that level, then the correction will likely continue
NSE:NIFTY
by Manickamtraders
Nifty50 Support And Resistance 27-Feb-24Please find below simple resistance and support: Resistance: 22166 If crossed up then will see upward move as follows: T1: 22178 T2: 22207 Support: 22084 If crossed down then will see downward move as follows: T1: 22065 T2: 22037 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
NSE:NIFTY
by solitaryverma
Nifty levels - Feb 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 FEB 26th"Good morning, friends! Here are the directions for February 26th: The global market 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 -20 point decrease. Nifty has a consolidation structure followed by a sharp rally, structurally this is a bullish formation. So, even though if the market opens with a gap-down, we can expect a pullback around 38 or 50%. If the market finds support there, then we can expect a range market initially. After that, if the range market breaks to the upside, then we can expect the rally continuation. Alternatively, if the gap-down breaks the fib level 50% or consolidates around there, then the correction might continue, and it will reach the next target fib level 78% with minor pullbacks.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 23Good morning, friends! Here are the directions for February 23rd: The global market is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +40 point increase. Nifty had a solid pullback in the last session. So, if it sustains the gap-up, then structurally, we can expect further continuation. This is the basic structure. If the market consolidates around the supply zone, it may continue further when it breaks. Alternatively, if it rejects sharply around the supply zone, or if the gap-up doesn't sustain, then initially, we can expect a 23 to 38% Fibonacci correction. After that, if it finds support there, it may form a range for a rally continuation. However, if it breaks the Fibonacci level of 38%, then the correction may continue, and we can expect the Fibonacci level of 78% for the correction target with minor pullbacks.
NSE:NIFTY
by Manickamtraders
FASP levels for Nifty 23/02/2024The FASP for Nifty is listed for 23-02-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
Nifty50 Support And Resistance 23-Feb-24Please find below simple resistance and support: Resistance: 22266 If crossed up then will see upward move as follows: T1: 22347 T2: 22412 Support: 22133 If crossed down then will see downward move as follows: T1: 22087 T2: 22022 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
NSE:NIFTY
by solitaryverma
Nifty levels - Feb 23, 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 level for FEB 22"Good morning, friends! Here are the directions for February 22nd: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bearish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +90 point increase. Nifty had fallen sharply in the last session; however, Giftnifty indicates a 90-point positive start. This sentiment suggests a ranging market. So, if the gap-up sustains, we can expect a ranging market initially. After that, if it breaks the previous high, then we can anticipate a continuation of the rally. This is the basic structure. Alternatively, if the gap-up doesn't sustain, then we can expect a minor correction. After that, if it finds support around 21920 to 50%, we can expect a minimum of a 23 to 38% pullback wave. However, if it consolidates or breaks that level solidly, then the correction will continue further.
NSE:NIFTY
by Manickamtraders
Nifty levels - Feb 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