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NIFTY Prediction for Tomorrow (Monday) 24 JUNAs we discussed, NIFTY opened high at resistance and fell to 200 EMA. After that, it became a roller coaster with a sideways wild move. If we look at the chart now: The market is having huge volatility, taking support at 200 EMA again and again, which shows a healthy bullish structure. But at the same time, trading in the zone, which I will suggest option buyers to stay away from. Support levels: 23432, 23339, and 23250 resistance levels: 23636 and 23828 If we look at the OI data: PCR = 0.92, which has changed from 1.19, shows mostly profit booking on both sides of the market. If we look at the last 3 hours, there was only CE windoff. 23500 is working as max-pain. 24000 has huge CE writing, which is going to provide good resistance, and on lower levels, 23000 is going to provide very nice support as it has huge PE writing. There has not been any fresh writing today. I am expecting the market: Case 1 : Sideways in range 23432 - 23636. Case 2 : Go with the breakout on either side; it breaks. Reason: RSI 40-60 indicating sideways momentum; EMA(13, 50) > Price > EMA(200), which indicates the indicesive market. PCR = 0.92, which has changed from 1.19, shows bulls do not have much confidence right now. We might see a bearish move soon. Price < VWAP shows a Bearish market structure. Verdict: Sideways or Bearish Case 1 : Sideways in range 23432 - 23636. Case 2 : Go with the breakout on either side; it breaks. Plan of action: Case 1 : Sideways-> Sell 23500 CE and 23500 PE (Hedge it with 10/- premium CE) Case 2 : Exit the opposite position on either side. It breaks the range.
NSE:NIFTY
by finnova_
2
Nifty Intraday Support & Resistance Levels for 25.06.2024Nifty opened gap-down on Monday, reacted from the 15m demand zone mentioned yesterday, and closed near the day's high. The weekly trend (50 SMA) remains positive, while the daily trend is still sideways. Support Levels: Near support/demand zone (15m): 23,430 - 23,469 Far support/demand zone (15m): 23,297 - 23,329 Further support/demand zone (15m): 23,232 - 23,268 Major support/demand zone (Daily): 22,642 - 22,910 Resistance Levels: Near supply/resistance zone (30m): 23,567 - 23,622
NSE:NIFTY
by PriteshPalan
Short Term Trading Opportunity in HPL Electric for 15% upsideHi, NSE:HPL 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.
NSE:HPLLong
by raigvivek
2
NIFTY Intraday Trade Setup For 25 Jun 2024NIFTY Intraday Trade Setup For 25 Jun 2024 Bullish-Above 23570 Invalid-Below 23520 T- 23745 Bearish-below 23350 Invalid-Above 23400 T- 23185 NIFTY has closed on a slight positive note today with 0.16% gain. It opened gap down and tested the support or sell level immediately. However 10 o'clock range was to be used as per trade setup, range broke upside above 23450 and gave a good move till 23550. I feel like the trend is missing and one should wait for clear price action in daily TF for a trend in short term. 23570 and 23350 are intraday levels for tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23570 then we will long for the target of 23745. For selling we need a 15 Min candle close below 23350. T- 23185. 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 25-06-2024 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 233## Major Resistance - Around 236## 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
NIFTY 50 SETUP TRADE WIH 1:5 RISK REWARD A good selling detected on NIFTY 50 It's showing a fall due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram A good selling detected on NIFTY 50 It's showing a fall due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
NSE:NIFTYShort
by tradergyan01
#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 PriteshPalan
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 TheMamboMomentum
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 PriteshPalan
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