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Niftytrend

TVSMOTORReasons for considering a long position on TVS Motor: 1. Price at Support Zone: The daily horizontal support zone indicates a level where demand has historically been strong, which could push the price higher from here. 2. Above 200-Day Moving Average: Trading above this long-term moving average suggests a bullish trend, as it’s a widely-watched indicator of a stock’s overall direction. 3. Positive Relative Strength Against Nifty: Outperforming the Nifty shows that TVS Motor has stronger momentum, a good sign of investor confidence in this stock specifically. 4. Nifty Auto at Support Zone and 200-Day Moving Average: The sector’s overall strength at support, combined with it holding above the 200-day moving average, adds a supportive macro backdrop. Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that: 1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup. 2. Entry on Retest / FVG / IFVG: • Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds. • Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point. • Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
NSE:TVSMOTORLong
by AryanDixit
#Nifty directions and levels for November 6th."Structurally, we won’t expect more than a 38% correction, so once the market finds support there, we can expect further continuation of the rally with some consolidation. You can apply this same sentiment even if the market consolidates in today’s range. If that happens, the market may go up further. On the other hand, if it breaks the 38% Fibonacci level on the downside, we can consider that the target for the range market should be 50% and 78% on the downside."
NSE:NIFTY
by Manickamtraders
Nifty Trading Strategy for 6th November 2024Nifty Trading Strategy: Buy Above 24,325 / Sell Below 24,150 Current Price: 24,214.00 Key Levels: Buy Signal: If the price closes above 24,325 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,150 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 24,214.00, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 24,300 to 24,350 levels, which could act as resistance. Recommendations: Buy: If the price sustains above 24,325 on the one-hour candle close, consider entering long positions with targets at 24,500 and 24,600. Sell: If the price breaks below 24,150 on the one-hour candle close, consider short positions with targets at 24,000 and 23,900. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty Intraday Support & Resistance Levels for 06.11.2024On Tuesday, Nifty opened on a weak note, dipping to a low of 23,842.75 before rallying to a high of 24,229.05. It closed at 24,213.30, up by 218 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support (30m): 23,842.75 - 23,951.10 Near Demand/Support (Daily): 23,350 - 23,667.10 Extended Support: 23,189.88 (61.8% FIBO) Far Demand/Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance (75m): 24,280.20 - 24,368.25 Near Supply/Resistance (125m): 24,502.80 - 24,604.25 Additional Resistance (75m): 24,636.75 - 24,741.45 Extended Resistance (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPal
TATA MOTORSReasons to consider going long on Tata Motors: 1. Technical Support Levels: Tata Motors is positioned at a horizontal support level and a fair value gap on the daily timeframe, indicating potential for a reversal or bounce. 2. Fundamental Strength: Tata Motors is fundamentally strong, likely benefiting from a well- positioned product line, growing market share, and financial resilience. 3. Sector Support: The Nifty Auto index is also at its support level and is taking support at the 200-day moving average, which could signal broader strength for the auto sector and support upward movement for stocks like Tata Motors. Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that: 1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup. 2. Entry on Retest / FVG / IFVG: • Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds. • Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point. • Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
NSE:TATAMOTORSLong
by AryanDixit
1
Nifty Trading Strategy for 5th November 2024 Nifty Trading Strategy: Buy Above 24,110 / Sell Below 24,900 Current Price: 23,996.00 Key Levels: Buy Signal: If the price closes above 24,110 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,900 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 23,996.00, just below the buy signal level. It's important to monitor the price closely, especially around the 24,200 to 24,250 levels, which could act as resistance. Recommendations: Buy: If the price sustains above 24,110 on the one-hour candle close, consider entering long positions with targets at 24,300 and 24,500. Sell: If the price breaks below 24,900 on the one-hour candle close, consider short positions with targets at 24,700 and 24,600. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty Intraday Support & Resistance Levels for 05.11.2024On Monday, Nifty opened slightly negative and saw a sharp decline of nearly 500 points, reaching a low of 23,816.15 before closing at 23,995.35, down by 309 points from the previous close. With the Weekly Trend (50 SMA) sideways and the Daily Trend (50 SMA) negative, Nifty has broken below its weekly demand zone, indicating potential further downside. Any rise could present short-term selling opportunities. Demand/Support Zones Near Demand/Support (Daily): 23,350 - 23,667.10 Far Support: 23,189.88 (61.8% FIBO) Extended Demand/Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance (15m): 24,063.95 - 24,107.55 Near Supply/Resistance (30m): 24,280.20 - 24,356.25 Near Supply/Resistance (125m): 24,502.80 - 24,604.25 Extended Supply/Resistance (75m): 24,636.75 - 24,741.45 Extended Supply/Resistance (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 5 Nov 2024NIFTY Intraday Trade Setup For 5 Nov 2024 Sell_1-From 24175 Invalid-Above 24225 T- 23950 Sell_2- Below 23800 Invalid-Above 23850 T- 23570 NIFTY has closed on a bearish note with 1.27% cut today. Index was just trendy after triggering short as per trade setup. Also index is approaching our position short target - 23700 zone. We have been riding short from 24850 zone which was updated on 17 Oct. We will keep riding this until our trailing sl is hit. If a daily candle closes above PDH then we exit and there will be chance of sentiment change. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 23800 then we will short for the target of 23570. We will also short from 24175 in case tested in the 1st hour. T- 23950 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
1
Nifty Crash Update & Reasons Behind Indian Markets Crashing - Nifty is currently trading at 23,964 - This chart is inverted to understand the bearish bias on a larger timeframe - Nifty has already topped out, IMO and we will only see Nifty retracing larger and pumping small - Nifty's point of release was from the zone of 25,214 and the market structure shift to bearish was around 24,753 - We can soon see a pullback towards the upside raiding and grabbing more liquidity and falling further down - I find Bank Nifty to be strong when compared to Nifty - Reasons Behind Indian Indices and Nifty Falling 1) FPI Outflows: Heavy Selling by foreign investors reallocating funds to other emerging markets like China, has reduced liquidity and intensified selling pressure. 2) SEBI Derivatives Regulation 3) Market Downgrade 4) Rising Crude Oil Prices 5) Technical Weakness
NSE:NIFTYShort
by VKtradesimbalance