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Nifty & Bank Nifty Analysis For Next Week 15-19 Apr 2024In this video, we'll discuss about Market Movement and Tomorrow's/Next Week 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 prediction for tomorrow 15 Apr 24As we discussed NIFTY yesterday, it opened a gap-down and then continued the momentum. If we look at the chart: The market has broken the pattern to the downside. There is 200-ema support at the downside. I am expecting to take a little bounce back (consolidation) and then continue the bearish momentum. 22385 is going to provide very nice PA support. All important levels are marked on the chart. If we look at the OI data: PCR = 0.71, which shows neutral market sentiments. However, in the past three days, OI activity PCR has been falling gradually from 1.34 -> 1.18 -> 0.7. which shows bears are increasing their position in the market very actively. There is not much of the support downside right now. The market may continue the momentum after a little bit of consolidation. The bulls are very weak at this point. I am expecting the market to open a gap-down near 200 EMA and then touch 13 EMA after that fall. Reasons: EMA(200) < Price < EMA(13), which indicates Weak bulls structure in the market. (Bearish) RSI < 40 shows strong bears' power. (Bearish) PCR = 0.71, which has been falling rapidly from 1.34. shows bears are actively increasing their position size. (Bearish) Price < VWAP shows a bearish market structure. (Bearish) Verdict : Bearish Plan of Action : Wait for 13 EMA to touch, then sell 22500 PE (Hedge it with 15/- Premium)
NSE:NIFTYShort
by finnova_
7
NIFTY Intraday Trade Setup For 15 Apr 2024NIFTY Intraday Trade Setup For 15 Apr 2024 Sell_1- From 22660 Invalid-Above 22710 T- 22500 Bearish-Below 22500 Invalid-Above 22550 T- 22300 NIFTY has closed with a bearish sentiment last week. It has formed a shooting star candle in weekly TF that too in the 2nd leg which I personally consider. There is a strong possibility of NIFTY topping out atleast for short term if it trades firmly below 22500 with ATH as risk. If there is gap up opening then we will plan a short trade from 22660 or else flat opening short below 22500 will be ideal trade. Coming to Monday's trade setup, if index opens flat and a 15 Min candle below 22500 then we will short for the target of 22300 and then trail in 5 Min TF. On case of a gap up we will short from 22660. T- 22500. 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
2 Apr– Nifty50 - 4 RED Candles, first real sign of reversal?Nifty Analysis - Stance Neutral ➡️️ Recap from yesterday: "As I write this article, SPX, NDQ, and DJI are down over 1.1%. A spillover effect is definite but because we have a holiday tomorrow, we might have another day of US stock market action left to react." The first real sign of a breakdown. US CPI came in hot due to which the markets reacted pretty badly on Wednesday. Thursday the markets gained back some points, but I strongly think the fall in our markets had more to do with the "Iran - Israel" tensions than inflation. The reason I am saying that is because after the gap-down open, we made a swing low but then recovered nicely from 09.43 to 12.07. From 12.07 to close we lost 192 points ~ 0.85%. We changed the stance from Bullish to Neutral as soon as 22689 levels were breached. Ideally, we should have changed the status to bearish as the afternoon momentum was quite good. The only reason we did not do that was to check if the reaction was a little too much, if we continue to maintain the same momentum on Monday - we will look out for bearish opportunities. On the higher time frame, we have a double top formation (M pattern). To negate the pattern we would have to take out the ATH, otherwise, it looks like a nice setup to go bearish. 22519 is a good interim support level, the main support comes only at 22295. I started Algo trading on Nifty50 today and ended the day with a gain of Rs9465. Exited prematurely at 09.44 as soon as the markets started to crack.
NSE:NIFTY
by viswaram
#Nifty directions and levels for 12th April.Good morning, friends! Here are the directions for April 12th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -130 point decrease. Previously, Nifty had a solid pullback after a minor correction. But today, GiftNifty is indicating a negative start. So, if the market opens with a gap-down, then we can expect a minor correction that may reach the level of 22591 to 22568 (demand zone). After that, if it finds support around the demand zone, then we can expect a range market that may experience a minimum of 38% to 61% pullback wave. On the other hand, if it doesn't sustain or undergoes minor consolidation around the demand zone, then the correction will likely continue. Alternatively, if the market doesn't open that much down, then structurally it may turn into an ascending triangle structure (support level 22647, resistance level 22788).
NSE:NIFTY
by Manickamtraders
FASP levels for Nifty 12/04/2024The FASP for Nifty is listed for 12-04-2024. 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
10 Apr - Falling VIX, Rising Markets and Lower UncertaintyNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: "For tomorrow also we are continuing our bullish view and would like to go neutral if we get a close below 22615" Nifty had a gap up opening and was stuck in a narrow range till 13.11 after which it picked up decent momentum. Nifty almost gained 101 points from the intraday low to take out the previous highs. The new ATH is now 22775. In the final 30 minutes, we gave away some gains but Nifty50 closed the day with a total gain of 111pts ~ 0.49% Just when we thought the momentum was fading, N50 managed to climb 100+ points and hit new highs. What is more interesting is that the US CPI (Inflation) data came hotter than expected. As I write this article, SPX, NDQ, and DJI are down over 1.1%. A spillover effect is definite but because we have a holiday tomorrow, we might have another day of US stock market action left to react. We wish to maintain our bullish stance and go neutral if we get a close below the 22689 levels.
NSE:NIFTYLong
by viswaram
#nifty directions and levels for April 10th.Good morning, friends! Here are the directions for April 10th: There have been no changes since the last session. The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +60 point increase. Nifty has retraced 38% after the gap-up in the last session. Structurally, 38% is a strong support level. Therefore, if the gap-up sustains, initially we can expect a range-bound market within the range of the last trading day. Directional movement will occur only if it breaks the range either to the upside or downside. Alternatively, if the gap-up doesn't sustain, it might turn into a correction phase. However, it should break the Fibonacci level of 38%. If it does break, we can expect a minimum range of 22,558 to 22,501.
NSE:NIFTY
by Manickamtraders
NIFTY Prediction for tomorrow 10 Apr 24NIFTY opened a gap-up and fell sharply from 22768. If we look at the chart now: The market is trading at the resistance zone (4H-TF). Also, the market is trading at the support trendline. If the market breaks the support to the downside, it is going to generate a quick fall till 22471. Meanwhile, 22617-22766 is a sideways zone, as marked in the chart. If we look at the OI data: PCR = 1.13, which shows bullishness. But yesterday's PCR was 1.34. That shows the Bull's strength is decreasing, and bears are taking hold of the market. Also, there has been a very good CE writing 22700-23000. There was not much of PE writing today. The market is getting ready for some correction. If we look at the FII & DII data: FII is bullish; the Client is bearish. I am expecting a gap-up to open and then a fall. Reasons: PCR = 1.18 indicates a bullish structure. (Bullish) The market is trading in a resistance zone. There is a high probability that the market will have some correction. (Bearish) Price >> 200EMA and 13EMA >> 200 EMA that might lead to a correction in the market. (Bearish) RSI is showing bullish divergence, which might force the market to be sideways. (Sideways) Price < VWAP means the market is in the bears' favor. RSI ~ 40-60, which indicates a market sideways structure. Verdict: SIdeways or bearish Plan of action: Sell 22700 CE and Sell 22600 PE (Hedge with 20/- premium) Exit CE if it breaks the downside.
NSE:NIFTY
by finnova_
3
FASP levels for Nifty 10/04/2024The FASP for Nifty is listed for 10-04-2024. 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
FASP levels for Nifty 09/04/2024The FASP for Nifty is listed for 09-04-2024. 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 April 9th.Good morning, friends! Here are the directions for April 9th: The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +60 point. Nifty made another new high yesterday. Structurally, it may continue further if it breaks the previous high. So, if the gap-up sustains, then we can expect the rally continuation with minor consolidation. The reversal will occur only if it breaks the Fibonacci level 38% in the minor swing, meaning if it rejects any one of the resistance and the retracement breaks 38%, then only can we expect a reversal. An alternate view is similar to the above one: if the gap-up doesn't sustain, then we can expect initially minor correction that will reach a minimum of 23 to 38% Fibonacci level. The structure indicates a range market, so it might bounce back around 38% after the minor correction. However, if it breaks the Fibonacci level 38%, then it may turn into a correction phase.
NSE:NIFTY
by Manickamtraders
08 Apr 2024 - Nifty get a new ATH, NiftyIT in REDNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: "Today was an inside day with no real momentum and that does not mean that we are not bullish." Nifty does a gap up and then continues the climb to hit a new ATH of 22697 by 13.19. You would be surprised that the majority of those gains did not come from NiftyBank or NiftyIT, it came from Reliance, LT, M&M, and Maruti. I initially thought the momentum was fading as the other 7 top players had no steam. Only Reliance was jumping. One striking observation was the sharp fall between 13.23 & 13.27, we almost gave away 65 points in 8 minutes. Looked like a warning shot to me, but the market participants ensured stability quickly thereafter. On the 63mts TF, there is nothing for the Bears. I can quickly relate to how bad they are feeling. It has been a tough 12 to 15 months for them, every time there is a dip, the buyers jump in and push up the prices further. Short covering ensures further upmoves and an SL hit for the short-sellers ensuring the Bears are running out of funds.
NSE:NIFTYLong
by viswaram
NIFTY Intraday Trade Setup For 9 Apr 2024NIFTY Intraday Trade Setup For 9 Apr 2024 Bullish-Above 22710 Invalid- Below 22660 T- 22865 Bearish-Below 22600 Invalid-Above 22650 T- 22420 NIFTY has closed on a bullish note with 0.68% gain today. Index has picked the trend above our planned bullish level- 22620 discussed in the weekend analysis. Buy triggered above 22620 and gave a small move till 22697. Intraday momentum has really dropped and this is a historical reason as momentum dies in bull market, FUT and option selling suited market. Tomorrow 22710 will be an important resistance, a shooting star in 5 Min TF will be good to short. Below 22600 we will short. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22710 then we will long for the target of 22865. For selling we need a 15 Min candle close below 22600. T- 22420. 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 April 8th.Good morning, friends! Here are the directions for April 8th: The global market trend is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a still moderately bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +40 point. Nifty has a consolidation structure, so if the market breaks the consolidation (all-time high), then the rally will continue further. We can expect a minimum of 22660 to 22694; it is a major resistance level. If the market reaches with minor pullbacks, then we can expect reversal there. On the other hand, if it reaches with a solid structure, then it may take minor consolidation for further rally continuation. Alternatively, if the gap-up doesn't sustain or if it rejects sharply again at the all-time high, then the range market might continue.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 8 Apr 2024NIFTY Intraday Trade Setup For 8 Apr 2024 Bullish-Above 22620 Invalid-Below 22570 T- 22830 Bearish-below 22300 Invalid-Above 22350 T- 22090 NIFTY has closed on a neutral note with slight gain of 1.2% gain. However it has closed above 22500 after 6 attempts. The weekly candle is a neutral and indecisive candle, a spinning top. Above its high-22620 we will plan bullish view and below its low-22300 we will plan a bearish view. Probability of upmove seems high but will follow market to trigger. Index has created inside candle on Friday which indicates a potential compression in markets so between 22620 and 22300 we will avoid directional trade. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22620 then we will long for the target of 22830 and 23030. For selling we need a 15 Min candle close below 22300. T- 22090. 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