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Niftytrend

BPCLAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:BPCLLong
by sreekumars
IOCAll important points are marked. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:IOCLong
by sreekumars
#Nifty directions and levels for the first week of October.Good evening, friends! 🌞 Here are the market directions and levels for the first week of October. Global Outlook: In the previous week, the global market closed near where it started, indicating that the market moved in a consolidation phase. What about this week? There are many major events, such as US Federal Reserve Chair Jerome Powell's speech, the monthly JOLTs job openings and quits, unemployment rate, non-farm payrolls, vehicle sales, and factory orders data. Therefore, this week might be a little volatile. Our Market: The weekly candle for Nifty closed with a green candle, while Bank Nifty closed with a shooting star, suggesting moderate momentum. This implies that even if the market takes a bullish or bearish bias, it won’t experience significant momentum. Let’s analyze this in the charts. Nifty Current View: If the market starts with a red candle, we can expect a 23% to 38% correction in the minor swing. Structurally, it shouldn't break the 38% Fibonacci level. In case it breaks this level, we could expect the next target to be a 50% correction on the downside. > in this variation, if it finds support around the 38% level, it could return to where it started this week. This is our first scenario. Alternate View: The alternate view suggests that if the market rejects around the immediate support level and consolidates, then the rally could continue once it breaks the previous high. If this happens, we can expect the next targets to be a minimum of 26,460 to 26,568. This is our alternate scenario.
NSE:NIFTY
by Manickamtraders
Nifty 30K: in 2024 or 2025?Hello guys here is a bullish view and some technical analysis on nifty50. As per the trend, we can see that a bullish pattern has been formed in the nifty chart, and if we consider that it will go up the same as its previous leg the target is coming near 30k so whoever is thinking that it is taking time to bear please have some more patience guys and be with the trend, you never know how long this rally can be continued In my view, global investors have to make positive and huge returns to maintain their fame and positive return cycle year after year, and right now apart from India, there is no country in place for these types of investors and market players. Also as we can see per capita income is growing in India and as per that consumption will also grow eventually that will lead to industrial profit growth and compounding profits will lead the market to a higher and higher position surely there will be a fast correction in nifty for about 15-20% also but that will be a buying opportunity. for the next 20 years, India is still going to see a huge rally or I can say an upward journey so be with trend long term investors and for short term traders wait for the levels and pattern to confirm that we are heading downwards.
NSE:NIFTYLong
by KelvinBhavsar
Nifty Intraday Support & Resistance Levels for 30.09.2024On Friday, Nifty opened with a gap up, hitting a new all-time high of 26,277.35. However, some profit booking led to a drop of 125 points from the top, with Nifty closing at 26,178.95, losing 37 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain overbought. Demand/Support Zones: Near Demand/Support Zone (75 min): 26,035.65 - 26,113.95 Far Minor Demand/Support Zone (15 min): 25,923 - 25,948.85 Far Demand/Support Zone (75 min): 25,871.35 - 25,902.30 Far Demand/Support Zone (Daily): 25,285.55 - 25,611.95 Supply/Resistance Zones: No supply/resistance zones visible on the chart currently.
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 30 Sep 2024NIFTY Intraday Trade Setup For 30 Sep 2024 Bullish-Above 26280 Invalid-Below 26230 T- 26460 Bearish-Below 26150 Invalid-Above 26200 T- 26000 NIFTY has closed on a bullish note with 1.5% gain last week. We have been following buy on dips in intraday since a long time. But now I feel that it is going to change very soon due to stretch. If daily candle closes below PDL then sentiment will reverse and profit booking can be triggered. 26280 and 25150 are intraday levels for Monday to look for breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 26280 then we will long for the target of 26460. For selling we need a 15 Min candle close below 26150. T- 26000. 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 September 27th.Good morning, friends! 🌞 Here are the market directions and levels for September 27th. Market Overview: There have been no significant changes in the global and local markets; both maintain a bullish bias. Today, the market is expected to open neutral to slightly negative, with SGX Nifty indicating a negative of around -20 points as of 8 AM. In the previous session, the market had a minor movement in the second half. Structurally, it still maintains a bullish bias. So even if the market starts negatively today, the bullish momentum might continue. However, if the initial market declines sharply, we should follow that; let’s look at this in the charts. Nifty and Bank Nifty both share the same sentiment. Nifty Current View: The current view indicates that if the market opens with a gap-up or if the initial market takes support around the Fibonacci level of 38%, then the rally will continue if it breaks the previous high. Until then, it could consolidate between the previous high and the Fibonacci level of 38%. This is our first scenario. Alternate View: The alternate view suggests that if the initial market breaks the Fibonacci level of 38% solidly, then the trend will turn into a minor correction phase. If this happens, we can expect correctional targets between 50% and 78% in the minor swing.
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NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Support & Resistance Levels for 27.09.2024On Thursday, Nifty hit a new all-time high of 26,250.90 and closed at 26,216.05, gaining 211 points from the previous close. Both the Weekly and Daily Trends (50 SMA) are in overbought territory. Demand/Support Zones: Near Demand/Support Zone (5 min): 26,098.05 - 26,112.70 Near Demand/Support Zone (30 min): 24,923.00 - 24,949.65 Far Demand/Support Zone (30 min): 25,875.35 - 25,899.45 Far Demand/Support Zone (75 min): 25,376.05 - 25,467.65 Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50 Supply/Resistance Zones: No supply/resistance zones currently visible on the chart.
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 27 Sep 2024NIFTY Intraday Trade Setup For 27 Sep 2024 Bullish-Above 26270 Invalid-Below 26220 T- 26460 Bearish-Below 26080 Invalid-Above 26130 T- 25900 NIFTY has closed on a bullish note with 0.81% gain today. Buy triggered as per trade setup above 26050 and trade went in favor to hit the target of 26200. Everyday it is being said that one needs to follow buy on dips approach till index is closing above previous day low. Be alert for sentiment reversal only when index closes below PDL in daily TF however index looks stretched. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 26270 then we will long for the target of 26460. For selling we need a 15 Min candle close below 26080. T- 25900. 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 MATHEMATICAL LEVELS FOR THIS WEEKThese 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
#Nifty directions and levels for September 26th.Good morning, friends! 🌞 Here are the market directions and levels for September 26th. Market Overview: There have been no significant changes in the global and local markets; both maintain a bullish bias. Today, the market is expected to open neutral to slightly positive, with SGX Nifty indicating a rise of around +60 points as of 8 AM. In the previous session, both Nifty and Bank Nifty continued consolidating. However, it seems a breakout may occur this session, as GIFT Nifty is suggesting a gap-up opening. If this gap-up sustains, we can expect the rally to continue. We had previously discussed that this could be a sub-wave 5th. So, if the breakout has a solid structure, the trend is likely to continue. Conversely, if the movement is gradual, the rise may be limited. We'll explain this further in the charts. Both Nifty and Bank Nifty reflect the same sentiment. Nifty Current View: The current view suggests that if the first move consolidates around the supply zone (MSZ), Nifty could reach a maximum of 26,146. Conversely, if the first move breaks the supply zone with solid momentum, the rally may continue, with some consolidation around 26,220. This is our first scenario. Alternate View: The alternate view suggests that if the market declines or faces rejection near the supply zone, the range may hold. However, the precise move is if the rejection breaks the 38% Fibonacci level of the minor swing, it could extend to a minimum of 78%, reaching 25,833.
NSE:NIFTY
by Manickamtraders
3
Nifty Intraday Support & Resistance Levels for 26.09.2024On Wednesday, Nifty opened with a gap down, touched a low of 25,871.35, but recovered by the end of the session, making a new all-time high of 26,032.80. It closed at 26,004.15, gaining 63 points over the previous close. The Weekly Trend (50 SMA) is overbought, and the Daily Trend (50 SMA) has also turned from positive to overbought. Demand/Support Zones: Near Demand/Support Zone (30 min): 24,923 - 24,949.65 Far Demand/Support Zone (30 min): 25,875.35 - 25,899.45 Far Demand/Support Zone (75 min): 25,376.05 - 25,467.65 Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50 Far Demand/Support Zone (75 min): 24,941.45 - 25,036.75 Supply/Resistance Zones: No visible supply/resistance zones on the chart at the moment.
NSE:NIFTY
by PriteshPal
BANKNIFTY Intraday Trade Setup For 26 Sep 2024BANKNIFTY Intraday Trade Setup For 26 Sep 2024 Bullish-Above 54250 Invalid-Below 54140 T- 54765 Bearish-Below 53780 Invalid-Above 53890 T- 53370 BANKNIFTY has closed on a slight bullish note with 0.25% gain. It opened with slight gap down and recovered in the 1st 15 Min and then it as sideways to extreme. Yesterday itself we discussed that one should keep non-directional approach as it looks more of a sideways than parabolic. 54250 an 53790 are intra levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 54250 then we will long for the target of 54765. For selling we need a 15 Min candle close below 53780. T- 53370. 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:BANKNIFTY
by Omahto
NIFTY Intraday Trade Setup For 26 Sep 2024NIFTY Intraday Trade Setup For 26 Sep 2024 Bullish-Above 26050 Invalid-Below 26000 T- 26200 Bearish-Below 25870 Invalid-Above 25920 T- 25680 NIFTY has closed on slight bullish note with 0.25% gain today. Buy on dip approach is still going on. One should follow the same with bullish reversal setup in 5 MIN TF. Also it is valid till index is closing above PDL. If a daily candle closes below PDL then index sentiment will change to bearish and can trigger a profit booking. 26050 and 25870 are intra levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 26050 then we will long for the target of 26200. For selling we need a 15 Min candle close below 25870. T- 25680. 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 September 25th.Good morning, friends! 🌞 Here are the market directions and levels for September 25th. Market Overview: There have been no significant changes in the global and local markets; both have maintained a bullish bias. Today, the market is expected to open neutrally to slightly negatively, with SGX Nifty suggesting a negative move of around -20 points as of 8 AM. Both Nifty and Bank Nifty consolidated yesterday, and structurally, this could continue today as well. However, if the market sustains the gap-down and solidly breaks the 38% Fibonacci level, the correction is likely to continue. On the other hand, if it does not break that level, the range will likely persist. I believe there is no need to explain it further, as we have seen the same sentiment over the past two days. However, if you need more clarification, please take a glance at the information below. Nifty Current View: If the market declines, it could experience a correction of 23% to 38% on the downside. After that, if it finds support in that range, it will likely return to where it closed yesterday. Conversely, if it solidly breaks the 38% level, the correction may continue with a minimum decline of 50% to 78% in the minor swing. This is our first variation. Alternate Variation: An alternate view suggests a range-bound market. If the market initially takes a solid pullback, the diagonal trend is likely to continue.
NSE:NIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 25 Sep 2024BANKNIFTY Intraday Trade Setup For 25 Sep 2024 Bullish-Above 54250 Invalid-Below 54140 T- 54765 Bearish-Below 53900 Invalid-Above 54010 T- 53370 BANKNIFTY has closed on a slight bearish note with 0.25% cut today. However bearish sentiment will confirm when it will close below PDL in daily TF. Below 53900 there is chance of dip towards 53370 zone. As per its behaviour after a rally it turns sideways so be cautious for any huge exposure in directional approach as of now. Above 54250 index can hit 54800 zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 54250 then we will long for the target of 54765. For selling we need a 15 Min candle close below 53900. T- 53370. 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:BANKNIFTY
by Omahto
NIFTY Intraday Trade Setup For 25 Sep 2024NIFTY Intraday Trade Setup For 25 Sep 2024 Bullish-Above 26020 Invalid-Below 25970 T- 26200 Bearish-Below 25880 Invalid-Above 25930 T- 25680 NIFTY has closed on a flat note today. It took resistance at 26k level and that acted as ceiling whole day. It has formed a shooting star candle in daily TF so below its low we can expect a profit booking and in that case it can test 25670 which is a strong support as per Fib retracement. Above 26020 tried sellers will give up and 26200 can be approached. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 26020 then we will long for the target of 26200. For selling we need a 15 Min candle close below 25880. T- 25680. 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 Intraday Support & Resistance Levels for 25.09.2024On Tuesday, Nifty opened flat, made a new all-time high of 26,011.55 during the last hour of trading, and closed at 25,940.40. The Weekly Trend (50 SMA) is overbought, while the Daily Trend (50 SMA) remains positive. Support zones remain the same as mentioned in the previous post. Demand/Support Zones: Near Demand/Support Zone (75 min): 25,376.05 - 25,467.65 Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50 Far Demand/Support Zone (75 min): 24,941.45 - 25,036.75 Supply/Resistance Zones: No visible supply/resistance zones on the chart at the moment.
NSE:NIFTY
by PriteshPal
#Nifty directions and levels for September 24th.Good morning, friends! 🌞 Here are the market directions and levels for September 24th. Market Overview: There have been no significant changes in the global and local markets; both have maintained a bullish bias. Today, the market is expected to open with a neutral to slightly positive gap, with SGX Nifty suggesting a positive move of around +40 points as of 8 AM. In the previous session, both Nifty and Bank Nifty closed positively, but there was no significant movement. Today, we expect to continue this trend, as there are no major trigger points for the next movement. However, we can check the charts for further insights. Sentiments are similar for Nifty and Bank Nifty charts, and we will follow the sentiment shared in the previous session. Current View: Structurally, a diagonal pattern is progressing. If the market rejects around the immediate resistance, or if the market initially declines, we can expect a minimum correction of 23% to 38%. If it breaks below 38%, the trend could shift into a correction phase. Conversely, if it does not break 38%, the diagonal pattern could extend further. This is our first variation. Alternate Variation: The alternate variation suggests that if the market consolidates around the immediate resistance, it will be a sign of bullish continuation. We can expect to see the next resistance level if it breaks through the current resistance.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 24.09.2024On Monday, Nifty opened with a gap up and remained strong throughout the day, making a new all-time high of 25,956 and closing at 25,939.05, gaining 148 points over the previous close. The Weekly Trend (50 SMA) has turned overbought from positive, while the Daily Trend (50 SMA) remains positive. Support zones remain unchanged from the previous post. Demand/Support Zones: Near Demand/Support Zone (75 min): 25,376.05 - 25,467.65 Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50 Far Demand/Support Zone (75 min): 24,941.45 - 25,036.75 Supply/Resistance Zones: No visible supply/resistance zones on the chart at the moment.
NSE:NIFTY
by PriteshPal