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Niftytrend

Nifty Weak AheadNSE:NIFTY gave a big green candle for possible signs of reversal but too early to comment as of now stay neutral with big election results coming in on Saturday currently respecting 200 DEMA and 50 WEMA a close below it will confirm a fake reversal. Wait and Watch. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:NIFTY
by Karanshah137
Nifty - Bearish head and shoulder patternNifty is forming head and shoulder top pattern, which can indicate a bearish reversal if confirmed. With the neckline at 24,590, a close below that level would indeed suggest selling pressure. Placing your stop loss above the last swing high is a prudent strategy to manage risk. For the target based on the measurement rule, you would typically subtract the height of the head to the neckline from the neckline level. It’s also worth noting that the 50-day EMA slope downwards adds further confirmation to our analysis. Just ensure to keep an eye on volume and any macroeconomic factors that could influence price movement. How are you planning to execute your trade? *** Nifty is currently above neckline please wait for confirmation ***
NSE:NIFTYShort
by Arvind_Share_Academy
#Nifty directions and levels for November 22nd.Good Morning, Friends! 🌞 Here are the market directions and levels for November 22nd. Market Overview: The global markets are showing moderately bullish sentiment (based on the Dow Jones only), while our local market has maintained a bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Gifty Nifty showing a positive 100 points. > In the previous session, both Nifty and Bank Nifty experienced a significant fall. However, Bank Nifty had a solid pullback, making the structural setups for both indices different. What about today? Looking at Nifty's structure, there is consolidation after a long correction. Usually, this type of structure indicates a trend continuation. On the other hand, Bank Nifty had a solid pullback, suggesting further upward momentum. The gap-up indication from SGX Nifty supports this view. Thus, both charts are showing different directions. My personal opinion is: > if the market declines initially, it might decline further, but the momentum will be reduced. > Conversely, if the market sustains the gap-up, then we can expect a rally continuation, but only if it has a solid candle structure Let me explain this further with the charts. Nifty: Current View As per the structure If the market declines initially, we can expect a correction. However, the best confirmation would come if it breaks yesterday's low with consolidation or a solid candle structure. If this happens, the next target could be a minimum of 23082. Alternate View: The alternate scenario suggests that if the market sustains the gap-up and breaks the 38% Fibonacci level with a solid breakout structure, we can expect further pullback continuation with some consolidation. On the other hand, if it breaks the 38% level with gradual movements, it could consolidate between the 50% Fibonacci level and the previous low.
NSE:NIFTY
by Manickamtraders
3
NIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:NIFTY
by StocksOptionBlaster
#nifty50 - 22th November!!NSE:NIFTY Observe first, then understand, then implement 👍🏻 Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. Note SEBI Registere 🙏🏻
NSE:NIFTY
by thetradeforecast
1
21st Nov 2024 - Week ended as per plan, but did not make moneyNifty Stance Bearish ️⬇️ Remember my last week's position? Make 11170 if Nifty ends below 23555. Well, we ended the week @ 23346, but I did not make money. In fact, I exited the position at a loss of 3000 on 19th Nov when we shot up. My stance is still bearish, thought will get into fresh positions tomorrow and not today as there was clouded news & events today. For starters, Adani was indicted by New York Court and that sent the ADANIENT crashing -22.61%. Let us give a day or two for the news to settle and then we can take a positional bias, as it stands there could be a minor recovery to Adani stocks tomorrow and a possible short covering. In the grand scheme of things, Nifty continues its downward trajectory hitting a new session low of 22263.  22781 is my nearest strong support and I sincerely hope we go there by the next week. The Total correction from the ATH is close to 12% now and the SIP'ers who started 2 years back in Nifty index fund may be back to zero returns. A further fall of 3% may put them underwater and that would be the right time to see if they panic sell or not. I am quite sure that these last-stage investors may not have seen a bear market in their life and would have committed their every penny to this mad bull run, which just ran out of fuel.
NSE:NIFTYShort
by viswaram
Nifty Intraday Support & Resistance Levels for 22.11.2024On Thursday, Nifty opened on a negative note, reaching a high of 23,507.30 before tumbling to a day low of 23,263.15 within the first 30 minutes, breaking the Daily Demand Zone support at 23,350. It closed at 23,349.90, down by 168 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. The break below the daily demand zone signals ongoing selling pressure, with potential for further downside unless key support levels hold. Demand/Support Zones Near Support: 23,189.88 (61.8% Fibonacci level) Far Support Zone (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (15m): 23,686.15 - 23,726.90 Far Resistance (30m): 23,908.65 - 23,992.50 Far Resistance (75m): 24,106.90 - 24,242.00 Far Resistance (75m): 24,447.65 - 24,537.60 Far Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPalan
#Nifty directions and levels for November 21stGood Morning, Friends! 🌞 Here are the market directions and levels for November 21st. Market Overview: There are no significant changes in the global market sentiment. The Dow Jones is showing a moderately bearish trend, and our local market is also indicating a bearish sentiment. Today, the market may open neutral to slightly gap-down, as Gift Nifty is showing a negative 40-point movement. In the previous session, both Nifty and Bank Nifty experienced huge oscillations. Structurally, the market closed between minor swings, which makes it seem like a range-bound market. What about today? We are still in a minor downtrend. If the market opens with a gap-down, the same bearish direction may continue. On the other hand, if it takes a pullback initially, we might see some consolidation within the previous session's range. Let’s explain this further with charts. Both Nifty and Bank Nifty are showing similar structural sentiment. Nifty Current View: The current view suggests that if the market declines initially, we can expect a minimum of 23,275 (MDZ) if it breaks the level of 23,399. Notably, if it reaches this level with gradual movement (MDZ), we can expect a minimum bounce back of 23% to 38%. On the other hand, if it reaches this level with a solid structure or consolidates around here, then the correction is likely to continue. This is our first variation. Alternate View: The alternate variation suggests that if the market pulls back initially, we can expect a range-bound market between the previous session's range. This means if it breaks 23,585, it will reach 23,713. After that, if it gets rejected there, it will close where it opened.
NSE:NIFTY
by Manickamtraders
Nifty Trading Levels for 21st November 2024Trading Strategy and Market Analysis Current Price: 23,518 This analysis provides a clear trading strategy with multiple levels of support and resistance, helping traders make informed decisions. The following targets are based on technical analysis, assuming no significant market-impacting news. Buy Strategy Trigger Point: Enter a buy position above 23,590. Targets: Target 1: 23,750 – First level of profit booking, aligns with short-term resistance. Target 2: 23,880 – Higher resistance zone, suitable for extended trades if momentum sustains. Stop Loss: Place a stop loss around 23,500 to limit downside risk. Sell Strategy Trigger Point: Enter a sell position below 23,383. Targets: Target 1: 23,298 – Immediate downside support and potential bounce level. Target 2: 23,200 – A significant support zone, indicating possible bearish strength. Stop Loss: Place a stop loss around 23,450 to cap losses on unexpected reversals. Detailed Support and Resistance Levels Resistance Levels (Price levels likely to act as ceilings, limiting upward movement): R1: 23,590 – Immediate resistance; crossing this could indicate bullish momentum. R2: 23,750 – Strong short-term resistance and a likely profit booking zone. R3: 23,880 – Major resistance zone; surpassing this level could signal a breakout rally. Support Levels (Price levels likely to act as floors, limiting downward movement): S1: 23,383 – Immediate support; breaking this could lead to further downside. S2: 23,298 – Key short-term support level, potential for a bounce. S3: 23,200 – Strong support zone; if breached, it could indicate significant bearish sentiment. Market Outlook Bullish Scenario: If the price breaks and sustains above 23,590, we may see a move toward higher targets, driven by positive market sentiment. Bearish Scenario: A breakdown below 23,383 could indicate bearish strength, with the price potentially testing lower support levels. Disclaimer I am not SEBI Registered. This analysis is provided for informational and educational purposes only. Trading in financial markets involves substantial risks, including the risk of losing capital. Readers should perform their own due diligence or consult a financial advisor before making any trading decisions. The author is not responsible for any financial losses incurred as a result of using this information. Note for Traders Ensure that you: Monitor Market Sentiment: Stay updated with news and economic events that might impact market movements. Stick to Risk Management: Use appropriate position sizing and set stop losses to limit potential losses. Use Indicators: Combine these levels with technical indicators like RSI, MACD, or Moving Averages for better confirmation. Happy trading! 😊
NSE:NIFTY
by ramkkyy
Banknifty Bearish Harmonic Pattern _Both side moves possibleHello everyone, yesterday there was pullback in banknifty around 800 points but pullback fail as volume not supported and the multiple resistance at 51000-51200 with bearish harmonic pattern banknifty fall again around 700 points from high. bearish trend can continue if banknifty breaks below 50200 another 1000 points fall can possible breaking above 51200 only upside posssible. and Non Directional range is 50000 to 51000.
NSE:BANKNIFTYShort
by finvestalgo
Nifty Intraday Support & Resistance Levels for 21.11.2024On Tuesday, Nifty opened gap-up and rallied to a high of 23,780.65 (gaining 262 points over the previous close). However, during the last hour of trading, it lost all its gains and touched a low of 23,464.80, eventually closing at 23,518.50, with a modest gain of 64 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. For the fourth consecutive day, Nifty closed inside the Daily Demand Zone (23,350 - 23,667.10), indicating selling pressure on every rise. As reiterated earlier: "If Nifty holds the support at the lower boundary of the demand zone (23,350), we might see bullish momentum toward 23,900 - 24,250." Demand/Support Zones Near Demand/Support Zone (Daily): 23,350 - 23,667.10 (current price inside the zone) Far Support: 23,189.88 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Minor Resistance (15m): 23,686.15 - 23,726.90 Near Resistance (30m): 23,908.65 - 23,992.50 Far Resistance (75m): 24,106.90 - 24,242.00 Far Resistance (75m): 24,447.65 - 24,537.60 Far Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPalan
Is this stock potential? How can we trade? HDFC AMC All of the major index and stocks are trading in bearish structure. Market is potentially discounted and we can look for some buy opportunities. Looking at HDFC AMC stocks, it is still trading in Bullish structure. For any buy setup we would wait for a Change of structure on lower timeframe , mostly on 15 mins. Look for MSs on 15min and then we can target the daily recent high as future targets. Trade safe. This is just for educational purposes.
NSE:HDFCAMCLong
by Trade_lyst
1
#Nifty directions and levels for November 19th.Good morning, friends! 🌞 Here are the market directions and levels for November 19th. Market Overview: There are no significant changes happening. The global market is showing moderately bearish sentiment (based on Dow Jones only), and our local market is also exhibiting a bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the Nifty is showing a positive increase of 50 points. In the previous session, both Nifty and Bank Nifty moved in a consolidation pattern. Structurally, we can expect a range-bound market today as well, with a bearish bias. This means that until the minor range is broken, the market will move within this range. If it breaks out, we can expect the next movement based on that. Let’s explain this with the charts. Both Nifty and Bank Nifty have the same structural sentiment. Nifty Current View: The current view suggests that if the market declines initially, then 23,396 will act as support. If the market breaks this level, the correction will continue to a minimum of 23,322. On the other hand, if it doesn’t break this level (23,396), then it could consolidate within the channel. This is our first variation. Alternate View: The alternate variation suggests that if the market sustains the gap-up, then 23,583 will act as resistance. If the market consolidates or breaks this level, then the pullback will continue to the next resistance Fibonacci level of 38%. Conversely, if it doesn’t break or rejects this level, we can expect consolidation leading to a correction.
NSE:NIFTY
by Manickamtraders
Nifty Trading Strategy for 19th November 2024Detailed Nifty Spot Trading Strategy Trading Plan: Buy Above 23,625 Wait for the Nifty Spot Index to close above 23,625 on a 15-minute candle. After confirmation, initiate a BUY position. Target Levels: Target 1: 23,700 Target 2: 23,750 Sell Below 23,350 Wait for the Nifty Spot Index to close below 23,350 on a 15-minute candle. After confirmation, initiate a SELL position. Target Levels: Target 1: 23,298 Target 2: 23,100 Current Value: Nifty Spot Index: 23,454 Support and Resistance Levels: Supports: 23,298: Key level where buying interest might emerge. 23,100: Strong support zone that could hold in case of heavy selling pressure. Resistances: 23,700: Initial hurdle for the upward move. 23,750: Major resistance level, likely to cap any strong bullish momentum. Key Notes for Traders: Use these levels as a reference for trading Nifty Futures and Options. Ensure to confirm the breakout or breakdown of the above levels using a 15-minute candle close for better accuracy. Book Profits at regular intervals and use trailing stoploss. Disclaimer: I am not SEBI Registered. This trading strategy is for educational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk and may result in substantial losses. It is important to conduct your own analysis and consult with your financial advisor before making any trading decisions. These levels are derived from the Nifty Spot Index, but traders can apply them to Nifty Futures and Options trading. Past performance is not a guarantee of future results. Use proper risk management techniques and trade responsibly.
NSE:NIFTY
by ramkkyy
#nifty50 - 19TH NOVEMBER!!NSE:NIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:NIFTY
by thetradeforecast
Nifty Intraday Support & Resistance Levels for 19.11.2024On Monday, Nifty opened with a gap up at 23,592.60 (Open = High) but faced selling pressure, dropping to a low of 23,350.40 before closing at 23,453.80, losing 79 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Despite continuing its pattern of lower highs and lower lows, Nifty took support at 23,350, bouncing over 200 points intraday, as anticipated. If the low of the Daily Demand Zone at 23,350 holds, we could see bullish momentum targeting 23,900 - 24,250 levels. Demand/Support Zones Near Support (Daily): 23,350 - 23,667.10 (current price inside the zone) Far Support: 23,189.88 (61.8% FIBO) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Immediate Resistance (30m): 23,908.65 - 23,992.50 Higher Resistance (75m): 24,106.90 - 24,242.00 Major Resistance (75m): 24,447.65 - 24,537.60 Extended Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPalan
Nifty 50 spot 23532.70 by Daily Chart view Nifty 50 spot 23532.70 by Daily Chart view - 2 nos of Gap Down Openings are closed between 24350 to 25080 level range - 2 nos of Gap Down Openings will get closed in next ATH creations process near ATH 26277.35 - Most probable Support Zone likely at 23200 to 23350 to anticipate for upside reversal prospective - Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken - Huge Downfall of 04th June, 2024 has closed the past 2 nos Gap Up Opening and 2 nos Gap Down Openings
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 spot 23453.80 by Daily Chart view - Update to old Chart*Nifty 50 spot 23453.80 by Daily Chart view* - Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective - Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken - *Old times Gaps to be filled will be a longer shot to expect if markets take a nosedive below 21180 Nifty 50 Index trading range* - Huge Downfall of 04th June, 2024 closed many of the past Gap Up Opening and Gap Down Openings between 21181 to 23338 Nifty Index trading range - Update to old chart shared last week
NSE:NIFTY
by PIYUSHCHAVDA
2
NIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:NIFTY
by StocksOptionBlaster