Nifty & Bank Nifty Analysis For Next Week 08-12 July 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!
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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.
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Niftytradesetup
#Nifty levels and direction for July 5th.Good morning, friends! 🌺🍬 Here are the directions for July 5th:
The global market had an oscillation but continues to range based on the Dow Jones. Our local markets are showing a moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 60 points (as of 8:00 AM).
Nifty and Bank Nifty both have the same sentiment. They have been moving in consolidation. Let's look at this.
Yesterday, Nifty reached a new high but did not sustain it. Structurally, there hasn't been a significant correction, as indicated by the global market trends. Therefore, if the market opens with a gap-down today, it may find support at the immediate support level. If this occurs, the consolidation range is likely to continue. This is our first scenario.
On the other hand, if it doesn't find support there or if it consolidates a little around the support, then we can expect the correction to continue.
#NIFTY Intraday Support and Resistance Levels -05/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24320 level and then possible upside rally up to 24440 level in today's session. in case nifty trades below 24280 level then the downside target can go up to the 24160 level.
Nifty Intraday Support & Resistance Levels for 05.07.2024Nifty opened gap-up and made a new all-time high of 24,401 but closed flat with just a 15-point gain. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Small Support/Demand Zone (15m): 24,239 - 24,267
Multiple Timeframe Support Zones near Gap Level (24,123 - 24,207): This indicates that 24,000 - 24,200 will be a major support in the short term, and we might see a bounce from these levels.
Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
Support/Demand Zone (15m): 23,985 - 24,912
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Near Small Supply/Resistance Zone: 24,377 - 24,401
Currently, there is no additional supply zone seen on the chart.
Short Term Trading Opportunity in Dilip BuildconHi,
NSE:DBL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Short Term Trading Opportunity in Cummins India for > 15% upsideHi,
NSE:CUMMINSIND has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
NIFTY Intraday Trade Setup For 5 Jul 2024NIFTY Intraday Trade Setup For 5 Jul 2024
Bullish-Above 24410
Invalid-Below 24360
T- 24590
Bearish-Below 24280
Invalid-Above 24330
T- 24090
NIFTY has closed on a complete flat note today. It opened with 80 points gap up and ended at buy level. Till now we have been closing above PDL, close will PDL will give us a hint that bulls are not much interested. But in terms of trading executions we need bearish price action in daily TF after closing below PDL. Chances of a cool off is high as tomorrow is last session of the week, people may book longs as the whole week was in favor.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590.
For selling we need a 15 Min candle close below 24280. T- 24090.
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.
#Nifty directions and levels for July 4th.Good morning, friends! 🌺🍬 Here are the directions for July 4th:
The global market continues to range based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (as of 8:00 AM).
Nifty and Bank Nifty both have the same sentiment. Let's look at this.
Once again, Nifty broke its all-time high yesterday, but the market couldn't move that much and moved into consolidation in the previous session. As usual, the consolidation may continue the trend. GiftNifty also indicates that, but the structure suggests that today the market may also take consolidation even if it opens with a gap-up. This is our first variation:
That's if the market rejects around the immediate resistance or if the gap-up doesn't sustain, then we can expect a 23% to 38% retracement in the minor swing. After that, if it finds support at either the 23% or 38% levels, then we can expect consolidation followed by a rally continuation. A correction will occur only if it breaks the 38% Fibonacci level. If it breaks, we can expect the next targets to be 50% and 78%.
Nifty Intraday Support & Resistance Levels for 04.07.2024Nifty opened gap-up, making a new all-time high of 24,309.15 and closed at higher levels, gaining 162 points. Both the weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Near Support/Demand Zone (15m): 23,985 - 24,012
Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754
Major Support/Demand Zone (Daily): 23,350 - 23,667
Currently, there is no supply zone seen on the chart.
Note: Small Demand/Support zone (5m) is at 24239 - 24260
Nifty weekly expiry analysis for 04/07/2024.Nifty on the daily time frame has formed a doji after a good gap up opening.
Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities.
Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached.
In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone.
Major Resistance :- 24300-310
Support levels :- 24240, 24180
Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements.
The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction.
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 4 Jul 2024NIFTY Intraday Trade Setup For 4 Jul 2024
Bullish-Above 24310
Invalid-Below 24260
T- 24450
Bearish-Below 24200
Invalid-Above 24250
T- 23975
NIFTY has closed on a bullish note with 0.67% gain today. Whole gain is however contributed through gap up and Large cap banks move. Index will be bullish till it closes above PDL and when it will close below PDL then bullish sentiment will be changed to bearish. However confirmation will be a bearish price action in daily TF. Tomorrow's best trade will be on today's range breakout.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24310 then we will long for the target of 24450.
For selling we need a 15 Min candle closes below 24200. T- 23975.
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.
Nifty Intraday Levels | 3-JULY-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ 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
2️⃣ Trade Execution:-
👉Trade based 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
3️⃣ 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 directions and levels for July 3rd.Good morning, friends! 🌺🍬 Here are the directions for July 3rd:
The global market continues to range based on the Dow Jones. Our local markets are showing moderately bullish sentiment. However, today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 80 points (as of 8:00 AM).
Yesterday also, Nifty performed slightly better than Banknifty, and their structures also differ slightly. Let's look at each one individually.
> Nifty was rejected around its all-time high in yesterday's session. Today, GiftNifty is showing a gap-up start, so the market might break the all-time high once again today.
> But if you ask if we can expect a sharp rally if the market breaks the all-time high, structurally the probability is less.
> The wave suggests that if the gap-up sustains, we can expect a diagonal pattern. This means if the market rejects around the immediate resistance level, it could retrace a maximum of 38% to 61%, but it won't break the previous day's low. This is our first variation.
> In this variation, the rally continuation will occur only if it breaks the supply zone with minor consolidation.
Alternatively, if the gap-up doesn't sustain or if the initial market takes a sharp decline, we can expect a range-bound market between the past two trading session ranges.
Nifty Intraday Support & Resistance Levels for 03.07.2024Nifty reached a new All-Time High of 24,236.35 in the opening trade but ended 18 points down at 24,123.85. Both the weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Support/Demand Zone (15m): 23,985 - 24,012
Far Support/Demand Zone (15m): 23,716 - 23,743
Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Small Supply/Resistance Zone: 24,171 - 24,200
Nifty Intraday Levels | 2-JULY-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ 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
2️⃣ Trade Execution:-
👉Trade based 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
3️⃣ 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 IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty50 (1st July) 1/124087 below closing could 📉 📉 to 24058--24016
23884 support is also pending to test maybe not today, but in coming days
Any closing above 24134 then bullish 📈 📈 ( chances are low )
If sustains above then will update upside levels
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
#Nifty Directions and level for July 2nd.Good morning, friends! 🌺🍬 Here are the directions for July 2nd:
The global market is still showing a slightly negative sentiment based on the Dow Jones. Our local markets are also showing moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows a increase of 50 points (as of 8:00 AM).
Nifty has performed slightly better than Banknifty, and their structures also differ slightly. Let's look at each one by one.
Nifty has reached near its all-time high, so it might face rejection there. However, if the market sustains the gap-up, it may go further.
Here’s our first scenario: that if the market opens with a gap-up and breaks the previous high, the minor supply zone will act as resistance. If the market consolidates or breaks it, we can expect the rally to continue.
Alternatively, if the market rejects at the supply zone or if the gap-up doesn't sustain, we can expect an initial 38% correction. after that If it breaks this level, the correction may continue further. On the other hand, if it doesn't break the 38% Fibonacci level, the market may maintain a bullish bias.
Nifty Intraday Support & Resistance Levels for 02.07.2024Nifty maintained its upward momentum on Monday, breaking the small supply/resistance level mentioned in the last post and closing at 24,141.95. Both the weekly and daily trends (50 SMA) are positive.
Support Levels:
Near Small Support/Demand Zone (15m): 23,985 - 24,012
Near Support/Demand Zone (15m): 23,716 - 23,743
Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Currently, there is no supply zone seen on the chart.
Short term trading opportunity in Quess Corp.Hi,
An bullish on-neck Breakout pattern emerged on the Daily chart of NSE:QUESS
MACD on daily, and monthly time frame is on the bullish side and also expecting the bullish setup to continue.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
NIFTY prediction for tomorrow 02 JUNEAs we discussed, NIFTY opened sideways and continued in a bullish direction after breaking the trendline, as discussed in the video.
If we look at the chart now:
The market is trading at the resistance level, where it showed a nice correction last time. Now, the market has made a zone in the range of 23984 - 24154. by the time the market is in the zone, it's going to be volatile sideways. Once it breaks in either direction, it's going to give nice directional momentum. As the market is already stretched, I am expecting the market to consolidate in 1 day or 2, and after that, it might give us good momentum.
Support levels: 23984, EMA(50), 23842, and 23692
resistance levels: 24154, 24325
If we look at the OI data:
PCR = 1.07 shows the market has bullish sentiment. 24200 seems a good hurdle to the upside; if it breaks, the market is clear to go 24354. 24000 has good PE writing, which is going to provide good support, and 24500 has heavy CE writing, which is going to provide nice resistance.
I am expecting the market to consolidate for 1 or 2 days once it breaks the range of 23984 - 24154. it will give a nice momentum.
Reason:
RSI > 50 shows a mild bullish signal.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 1.07 indicates bulls are continuously increasing their position in the market.
price > VWAP shows a Bullish market structure.
Verdict: Sideways or Bullish
Plan of action:
Sell 24100 CE and 24000 PE (Hedge it with 10/- premium)
Nifty Intraday Levels | 1-JULY-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ 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
2️⃣ Trade Execution:-
👉Trade based 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
3️⃣ 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 IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
#Nifty directions and levels for July 1st.Good morning, friends! 🌺🍬 Here are the directions for July 1st:
The global market is showing a slightly negative sentiment based on the Dow Jones. Our local markets are also showing moderately bearish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 20 points (as of 8:00 AM).
Nifty had fallen nearly 200 points from the high in the previous session. If you look at the structure, it is showing a slightly range-bound market. At the same time, the GiftNifty is showing a neutral to slightly negative start. So, if the initial market takes a pullback or finds support around the immediate support level (61%), the range-bound market might continue further.
Alternatively, if there is a solid decline initially, the correction could continue. If that happens, structurally, the 78% level might act as minor support, meaning the market may consolidate there before further correction.
Nifty Intraday Support & Resistance Levels for 01.07.2024Nifty made a new all-time high of 24,174 on Friday but closed 34 points negative due to profit booking. The weekly and daily trends (50 SMA) remain positive. However, the supporting trendline on the 15-minute chart (mentioned in the last post) was broken in the last 30 minutes of trading, indicating potential selling pressure at higher levels in the coming days.
Support Levels:
Near Small Support/Demand Zone (15m): 23,716 - 23,743
Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Near Small Supply/Resistance Zone: 24,103 - 24,150