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07 Jun 2024 - reclaiming ATHs, saying no to SCAM accuasationsThe most viral stock market news topic is the accusation that Rahul Gandhi made on HM and FM for their speech asking people to buy stocks for June 4th. Everything would have gone well if we did not have the 8.75% crash on 4th June, because the markets did have a beautiful run up till then. The SCAM accusation would have really made sense if we did not have the recovery on 5th, 6th and 7th, because as it stands now the markets are literally up by 3.2% as of 31st May close. I do not know if this follow up buying is actually scam version 2 or not, or is it genuine buying after markets got enough confidence from Modi 3.0. Even if someone bought nifty50 stocks on 03 June and if they did not sell, they are relatively flat as on 7th June - even after the violent swings. Technically we are still maintaining the bullish stance till proven wrong.
NSE:NIFTYLong
by viswaram
June 2 weekly Analysis Hi, this is shanjeev, Weekly Analysis, * From starting of the year 2024 nifty was trading in between this channel pattern, It's almost 5 months, finally the nifty had breaks the resistance but still you can see the resistance at all time high, * If coming week nifty breaks the all time high then you can see the bullish move * If it reverse from the all time high the it will trade in between the channel pattern, Hope you guys learn something.. Thanks,
NSE:NIFTY
by ShanjeevOptionTrader
Nifty & Bank Nifty Analysis For Next Week 10 June-14 June 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! ✅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:NIFTYLong
by TheStockMantra
Nifty & Bank Nifty Analysis 07 June 2024 + Trading PsychologyIn this video, we'll discuss about 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
2
Nifty50 Support And Resistance 10-Jun-24 Please find below simple resistance and support: 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
NIFYT prediction for today 7 Jun 24As we discussed yesterday, Nifty traded in a sideways-bullish zone. If we look at the chart now: The market is trading in a Bullish sideways market zone. Price has taken support at 200 EMA, and it has also formed a double bottom, which shows the market is in consolidation mode. If it breaks the neckline, you can make a bullish entry after a retracement. Support levels: 22640, 22267, 21850 resistance levels: 22898, 23151, 23307 If we look at the OI data: PCR = 0.82, which has increased from 0.63, shows a bullish sign in the market. 22800 is max-pain. On higher levels, there is much more PE writing compared to lower-side PE writing. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1 : Sideways in range of 22640-22898 Case 2 : On either side, it breaks to the upside. We can target the 23000 level. Reason: RSI > 60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullishmarket structure. PCR = 0.82 has risen from 0.63 and shows signs of bullishness. Price > VWAP shows a Bullish market structure. Verdict: Sideways in range of 22640-22898. bullish if it breaks 22898 to the upside. Plan of action: Case 1 : Sideways: Sell 22650 PE & 22900 CE (Hedge it with 20/- premium options) Case 2 : Exit 22900 CE if the market breaks to the upside.
NSE:NIFTY
by finnova_
Nifty Support & Resistance Levels for 07.06.2024Nifty stayed inside the 15-minute resistance/supply zone mentioned yesterday. Currently, Nifty is above the important level of 61.8% retracement (of the last swing) at 22,553, which is a positive sign. If Nifty can sustain this level, we might see further upward movement. Support Levels: Near Support Zone (75m): 22,213 - 22,372 Far Support Zone (Daily): 21,137 - 21,459 (remains the same) Far Support Zone (Daily): 20,769 - 20,950 Resistance Levels: Intraday Resistance Zone (15m): 22,643 - 22,881 (remains the same) Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70
NSE:NIFTY
by PriteshPalan
#Nifty directions and levels for June 7th.Good morning, friends! 🌺🍬 Here are the directions for June 7th: The global market maintains a moderately bullish sentiment based on the Dow Jones, and our local market also follows a moderately bullish trend. Today, the market may open neutrally, as indicated by GiftNifty, which shows a decrease of 8 points. Both Nifty and BankNifty share the same sentiment today. Let's first look at the Nifty chart. Nifty has consolidated around the 78% Fibonacci level. Structurally, we can expect the rally to continue if it breaks the previous high. For more clarity, there is a sub-wave five, which is a distribution wave and might have lower volume. If this occurs, the supply zone will act as strong resistance. However, if the initial breakout at 78% has a solid structure, the rally will continue with minor consolidation around the supply zone. This is our first scenario. The alternative scenario suggests that if the market initially takes a correction, the range market may continue. Typically, the range market corrects only to the 38% level, so if it finds support there, we can expect a pullback wave. Conversely, if the correction reaches the 38% Fibonacci level with a solid structure, the correction may continue further with some consolidation.
NSE:NIFTY
by Manickamtraders
Nifty took today pause after last few session of Huge swingsIndian benchmark witnessed Range bound session after prev day recovery, Nifty remained in opening range after small positive opening The imp upside hurdle is placed around 23k zone whereas downside support is around 22400 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility in 1st half due to RBI Policy outcome Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:NIFTY
by Himanu_HATradeTalk1
06 June 2024 - Nifty above 22781 resistance, slightly bullishOver the last 1 week, Nifty is up only 1.33% ~ 300pts, but we witnessed one of the most violent weeks in the last 4 years. Primarily because the exit polls overshot the expectations which gave a gap up of 3.5% ~ 792pts and then the actual polls came less than expected and this ensured we had a brutal fall of 2062pts ~ 8.84%. Once the dust settled, we retraced the lost ground yesterday and closed at the same levels as 31st May. Today was a decent day, but not without volatility. For some reason or the other, I did not participate in the expiry day trading today, and was more than happy to just watch than do. My forecast for today was a neutral day, but we ended up having a trending day. We rose 201pts ~ 0.89% to close just above the 22781 resistance. Most of you would have seen the Fibonacci retracement levels drawn on the chart yesterday, seems like we are respecting those levels today also - but the resistance cut through is prompting us to change the stance to bullish. The next target would obviously be to take out the ATH. All eyes now would be on the oath ceremony wherein Narendra Modi may be crowned the PM for a historic third term. Read a whatsapp forward that he was Pradhan Manthri for the 2 terms and will be a Pradhan Man-three this time as the coalition is held by 2 other parties TDP and JDU.
NSE:NIFTYLong
by viswaram
Nifty50 Support And Resistance 7-Jun-24 Please find below simple resistance and support: 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 Support & Resistance Levels for 06.06.2024Nifty gained more than 3% yesterday and closed near the 15-minute resistance zone mentioned in the last post. If it breaks above 22,900, we might see selling pressure at the daily resistance zone starting at 23,062. Support Levels: Intraday Support Zone (15m): 21,944 - 22,076 Near Support (Daily): 21,137 - 21,459 (remains the same) Far Support (Daily): 20,769 - 20,950 Resistance Levels: Intraday Resistance Zone (15m): 22,643 - 22,881 Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70
NSE:NIFTY
by PriteshPalan
05 Jun 2024 - Nifty50 Reversal or 61.8% Fibonacci retracement?No, I am not denying the credit to Nifty50 to have rallied 735pts ~ 3.36% to have a beautiful green today. I just drew the Fibonacci levels from the peak point of 3rd June and the bottom-most level of Jun 04 - the results are in front of you. 23.6% levels @ 21796 had some action 38.2% levels @ 22091 (quite near my 22051 SR level) had a stronger action 50% levels @ 22329 (quite near my 22295 levels) also had significant touchpoints 61.8% levels @ 22567 (quite near my 22519 levels) is where we closed today I would not prefer to change my stance to bullish yet. The best I could think of is to go neutral and see how these levels are holding up for the next 1 week. The resistance of 22781 may be the game changer according to me. And honestly, we are back at the levels just before the exit poll results. 3 violent moves would have shaken out a sizeable crowd of traders. It takes courage to even hang-on.
NSE:NIFTY
by viswaram
NIFTY Prediction for tomorrow 6 Jun 24NIFTY gave a really big bullish moment today. It's still an effect, and the market boomed 700+ points. If we look at the chart now: The market gave really big momentum to the upside. The market is trading above EMA, which shows that the market is really bullish right now. There is also a bullish EMA(13, 50) crossover, which indicates that the market is in a bullish phase now. Support levels: 22246, 21850, and 21293 resistance levels: 22640, 22832, 23151 If we look at the OI data: PCR = 0.61, which has increased from 0.53, shows a bullish sign in the market. There is no such max-pain Market that is clearly bullish. There is only good CE writing at 23000, which is going to provide a huge resistance. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1 : Sideways in range of 22253-22640 Case 2 : On either side, it breaks to either side's trade accordingly. Reason: RSI > 60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullishmarket structure. PCR = 0.63 has risen from 0.53 and shows signs of bullishness. Price > VWAP shows a Bullish market structure. Verdict: Sideways in range of 22253-22640. and Volatile on either side, it breaks. Plan of action: Case 1 : Sideways: Sell 22250 PE & 22650 CE (Hedge it with 20/- premium options) Case 2 : Exit the opposite position on either side. It breaks.
NSE:NIFTY
by finnova_
Nifty Support & Resistance Levels for 05.06.2024Huge selling was witnessed yesterday due to election results that did not align with exit polls. A big red candle on the daily chart broke almost all near supports of the last four months, breaking the channel and taking support at the daily demand zone of 21,137 - 21,459. Support Levels: Near Small Support (Daily): 21,137 - 21,459 Far Support (Daily): 20,769 - 20,950 Gap Zone Support (Daily): 20,267 - 20,508 (if further fall occurs) Resistance Levels: Intraday Resistance Zone (15m): 22,643 - 22,881 Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70
NSE:NIFTY
by PriteshPalan
Nifty witnessed Biggest Single Day fall of Recent Years Indian benchmark showed correction & lose more than 6% on Vote counting day. Nifty broke below imp swing low & showed sharp correction to came near 21300 level A Big Long candle has formed on Daily TF, erased last few months gains The imp upside hurdle is placed around 22500/600 level whereas downside support is around 22200 zone Track for price to form Price Action Patterns at Imp Levels, However market may show Choppiness after today's sharp fall. Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:NIFTY
by Himanu_HATradeTalk1
04 Jun 2024- Nifty almost hit the lower circuit ~ 10% intradayWhat a strange day it has been, the moment the market participants realized that BJP will not get a simple majority - we started falling. That realization came in the opening minutes and did not give me ample time to prepare. Honestly, I did not expect such a move today. I really thought we would have the reaction on Wednesday instead. I was not really ready with my short position and to be frank, I lost almost 5 lakhs as opportunity cost today. Nifty ended up negating the last 172 days of upmove, in the single daily candle of today. It is like watching your building collapse, something that you took 6 months to build. Interestingly the reversal came at the 200 EMA and not at 21491. If you notice my chart, I do not have a support/resistance level between 21491 and 19855 - if we break that tomorrow, it is going to be a free-fall. Stance updated to bearish till proven wrong. Current, NDA 291, INDIA 234, Others 18.
NSE:NIFTYShort
by viswaram