Nifty50 Support And Resistance 9-Feb-24Nifty50 Support And Resistance 9-Feb-24
Please find below simple resistance and support:
Resistance: 21764
If crossed up then will see upward move as follows:
T1: 21849
T2: 21915
Support: 21685
If crossed down then will see downward move as follows:
T1: 21586
T2: 21520
This is only for education purpose. Do your own research before investing or trading.
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Niftytrading
24 Jan ’24 — The Trap Laid by the Bears is Bust Open - Nifty50Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “We broke the 21491 support by 12.24. Just look at the strength of the candles today — 5 RED candles followed by a Doji. Our stance changed from neutral to bearish as soon as the support was breached.”
4mts chart
The open was perfect - a good gap-down followed by selling pressure, but the 2nd candle gave it away. By 09.19 - the gap was officially closed and Nifty was steaming with upside momentum. A part of me believed that the rise-up was part of the lower-high creation and that the shape of the bear attack was still intact. My conviction was cemented between 10.35 to 12.39 wherein we dropped 195+ points. What happened next was simply dramatic. Nifty rose 266pts ~ 1.25% between 12.39 to close. In total, it swung 347pts from LOD to HOD, of which 76% came after 12.39.
63mts chart
The issue for the bears from the 63mts chart is the W formation (double bottom). To prove they are still in the game, the Bears must create a big fall and ensure an M pattern supersedes the W. Due to the momentum the bulls got today, we are changing the stance from bearish to neutral. The first target would be to take out the 214991 resistance and nullify the 5 RED candles formed on 23rd. If we were to move downwards, the swing low of 21372 has to be taken out tomorrow itself. Hope we have a volatile monthly expiry tomorrow.
NIFTY OUTLOOK (With this pattern I predicted the COVID CRASH)Amid the all fears of Rising crude oil prices, Fed hiking rates, Rising US treasury yields with no sign of inflation being in control or Rising Dollar index. There is no doubt that bearish sentiment has prevailed among many retail people. But one thing cannot be denied that Indian market has stayed more defensive compared to global markets.
One pattern that I have observed is after every 700 -730 days a high is formed in NIFTY. So according to the same cycle, I strongly feel indian markets may correct in healthy manner by forming a top near 1st - 2nd week of Dec 2023. Even if NIFTY falls before, it will form a pull back top at around the same time.
Using the same cycle I predicted the COVID CRASH few years back :
Link to the study:
That doesn't mean one has to buy every dips or short every top. But a profit booking on the every rise is definitely advisable. Aggressive shorts can be done only after confirmation.
CHART AND ANALYSIS
ADARSH DEY
Nifty Intraday Prediction Levels for 7 Dec 2023Nifty Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or breakdown.
If you are a new trader then just watch (No Trade) these levels for some days.
Happy Trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
Nifty Intraday Prediction Levels for 1 Dec 2023Nifty Intraday Prediction Levels for 1 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 20190,20240,20265,20290,20340,20390,20440,…
Major Supports-20080,20040,19980,19945,19915,19875,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
#Nifty directions and levels for NOV 30"Good morning, friends🌺! As of November 30th, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market exhibits a significantly bullish trend. It might open with a neutral to a slight gap-down, considering the GiftNifty value at -10.
Structurally, it appears to be a range-bound market. Even if it opens with a gap-up or gap-down, a minor correction of 23 to 38% can be expected. The rally will persist only if the market solidly breaks the immediate resistance level.
This same sentiment applies to a bearish structure, indicating that a correction will occur only if it breaks the 38% Fibonacci level. Until then, we can anticipate the market remaining within a range."
Nifty directions and levels for NOV 20"Good morning, friends! As of November 20, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderate bearish trend. It may open with a neutral start because the GiftNifty indicates a value of +7. Structurally, we can expect a range market either if it takes a pullback or breaks the previous day's low. In my personal opinion, we should wait for confirmation at the immediate support or resistance levels before expecting the next move."
Nifty Live Intraday Updates for 1-11-23 !!Nifty important levels to watch are as follows
#Support: 19060
Sell below: 19060 only on 15 minute candle closure below the level.
Target 1: 19010
Target 2: 18960
#Resistance: 19100
Buy Above: 19100 only on 15 minute candle closure Above the level.
Target 1: 19145
Target 2: 19200-19230
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NIFTY 50 FUT | 31 OCT 23AS WE CAN SEE THAT NIFTY HAS TAKEN GOOD SUPPORT @18850, REMEBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION.
ADDING MY ANALYSIS LEVELS FOR 31 OCT,23 BELOW FOR NIFTY FUTURES:
LONG PLAN >>>>> 🐂
- 19277 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL)
- R1: 19333
- R2: 19388
- R3: 19450
SHORT PLAN >>>>> 🐻
- 19166 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL)
- S1: 19088
- S2: 19022
- S3: 18933
PLEASE FOLLOW FOR MORE REGULAR UPDATES.
QUOTE FOR THE DAY :
“Every battle is won or lost before it’s ever fought”
– Sun Tzu
📌📌📌📌📌
Disclaimer -
I am not SEBI Registered Research Analyst or Investment Advisor.
All Information provided above are just for Education purpose only .
They are not buy/Sell Recommendations .
Please consult your financial Advisor before taking any trade or investments.
NIFTY 50 FUT | 30 OCT 23AS WE CAN SEE THAT NIFTY HAS TAKEN GOOD SUPPORT @18850, REMEBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION.
ADDING MY ANALYSIS LEVELS FOR 30 OCT,23 BELOW FOR NIFTY FUTURES:
LONG PLAN >>>>> 🐂
- 19200 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL)
- R1: 19266
- R2: 19333
- R3: 19388
SHORT PLAN >>>>> 🐻
- 19070 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL)
- S1: 18999
- S2: 18933
- S3: 18866
PLEASE FOLLOW FOR MORE REGULAR UPDATES.
QUOTE FOR THE DAY :
“You get recessions, you have stock market declines.
If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.” 🚀🚀🚀🚀
– By Peter Lynch
📌📌📌📌📌
Disclaimer -
I am not SEBI Registered Research Analyst or Investment Advisor.
All Information provided above are just for Education purpose only .
They are not buy/Sell Recommendations .
Please consult your financial Advisor before taking any trade or investments.
FASP levels for Nifty 30/10/2023The FASP for Nifty is listed for 30-10-2023. 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.