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#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.
NSE:NIFTY
by Manickamtraders
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
NSE:NIFTYShort
by PriteshPal
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.
NSE:NIFTY
by Mambotrade
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. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:NIFTY
by SriTrader5121
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
NSE:BANKNIFTYShort
by TheStockMantra
Nifty is looking Bullish and can hit 23900 and 24600Reason for Going Long in Nifty: Wave Analysis: Nifty is rising gradually in a 12345 wave pattern after a quick crash on June 4th. Wave 4th was a time-wise correction and spent one week in a small range. Target: The 127% Fibonacci level is our first target. If Wave 5 extends, we can aim for 24600 too. Stop Loss: We will exit the long position if a 1-hour candle closes below the Ichimoku Tenkan-sen (TS) and Kijun-sen (KS), which is around 23450. If prices closes below 23400 then we have to recount it as a wave B and we can go for a Wave C down move. Weekly and Monthly Fib channels also suggesting long. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYLong
by WaveMoku
1
#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.
NSE:NIFTY
by Manickamtraders
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
NSE:NIFTY
by PriteshPal
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.
NSE:NIFTY
by finnova_
Today Nifty & Bank Nifty Analysis For 20 June 2024In this video, we'll discuss about yesterdays Market Movement and 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
NSE:NIFTYShort
by TheStockMantra
#Nifty directions and levels for June20th.Good morning, friends! 🌺🍬 Here are the directions for June 20th: There are no significant changes in the global and 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 10 points (at 8:00 AM). Nifty Analysis Nifty and Bank Nifty structures are different, but the subwaves are the same, currently in sub-wave 4. Here’s the breakdown: Previous Session: Nifty had high volatility. We discussed a diagonal pattern in the 5th wave, and a sharp rejection suggested a possible correction. This correction happened in the previous session. Current Structure: Nifty is forming a flat correction variation, a time-adjustment correction pattern. Today's Expectation: The market may move in two ways. Even if it opens with a gap-up, a correction to 23,442 and 23,380 is possible. This is the final leg of the flat correction, so if support is found at these levels, a bounce back is expected. Alternative Scenario: If the market sustains the gap-up, it may consolidate between the previous high and the previous close, resulting in a range-bound market.
NSE:NIFTY
by Manickamtraders
2
NIFTY prediction for today 20 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 indecisive in a bullish zone. By the time it's in the channel, it's going to be a roller coaster. 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 = 0.97, which has decreased from 1.91, shows a weak bullish sign in the market. 23500 is max-pain. The market does not have much resistance to the upside till 24000. However, as bulls are not able to push the market to the upside, it might lead to a short correction. Also, a significant fall in PCR shows weakness in bulls. I am expecting the market : Case 1 : Sideways bullish in channel Case 2 : Bearish if the market breaks the channel to the downside. Reason: RSI < 50, falling to doenside. if it crosses the 40 to the downside, it might lead to a bearish market. Price < EMA(13, 50) and Price > EMA(200), which indicates weak bulls market PCR = 0.97 has decreased from 1.19 and shows signs of weakness in the bull's strength. Price < VWAP shows a Bearish market structure. Verdict: Neutral Plan of action: Case 1 : Sideways: Sell 23500 PE & 23600 CE (Hedge it with 10/- premium options) Case 2 : Exit PE if it breaks the channel to the downside.
NSE:NIFTY
by finnova_
Nifty Intraday Support & Resistance Levels for 20.06.2024Nifty continued its upward journey and made a new All-Time High of 23,664 on Wednesday but closed negative at 23,516. The weekly trend (50 SMA) is positive, and the daily trend is still sideways. Support Levels: Near Support/Demand Zone (15m): 23,412 - 23,470 Further Down Support/Demand Zone (15m): 23,334 - 23,369 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: Near Supply/Resistance Zone (5m): 23,611 - 23,636
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 20 Jun 2024NIFTY Intraday Trade Setup For 20 Jun 2024 Bullish-Above 23670 Invalid-Below 23620 T- 23865 Bearish-Below 23400 Invalid-Above 23450 T- 23190 NIFTY has closed on a slight bearish note with 0.18% cut today. It was a volatile day as it opened with a gap up and then strong sell off came once again it recovered and made a fresh day high. If today's high is not crossed tomorrow morning then it can be a bearish day tomorrow. However since 10 Jun index has been trading between the plotted channel. We need breakout for a good trendy move or else it will continue choppy moves. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23670 then we will long for the target of 23865. For selling we need a 15 Min candle close below 23400. T- 23190. 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.
NSE:NIFTY
by Omahto
#Nifty directions and levels for June19th.Good morning, friends! 🌺🍬 Here are the directions for June 19th: There are no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (at 8:00 AM). Nifty has been maintaining consolidation even if it opens with a gap-up. Today may follow a similar pattern. If the market opens with a gap-up, it may consolidate around the supply zone. The rally will continue only if it breaks the supply zone with consolidation or a solid candle breakout occurs. This is the basic structure. An alternate view from wave analysis suggests that we are currently in the 5th diagonal wave, which is a distribution wave. Structurally, the market is moving accordingly. If the market sharply rejects around the supply zone, we can expect a minimum retracement of 38% in the minor swing. After that, if it breaks the 38% level, it may turn into a correction.
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NSE:NIFTY
by Manickamtraders
3
Nifty & Bank Nifty Analysis For Today 19 June 2024In this video, we'll discuss about Yesterday's Market Movement and 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
NSE:NIFTY
by TheStockMantra