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#Nifty directions and levels for September 23rd.Good morning, friends! 🌞 Here are the market directions and levels for September 23rd. Market Overview: Global markets are showing a bullish trend, as indicated by the Dow Jones, while our local market also has a bullish outlook. Today, the market is expected to open with a gap up, with SGX Nifty suggesting a positive move of around +110 points as of 8 AM. Nifty and Bank Nifty reflect the same sentiment. In the previous session, both closed with solid green candles, and Gift Nifty is indicating a positive start of 100 points, so a continuation of the rally could be expected today. However, the structure is indicating a diagonal formation, so if it faces rejection around the immediate resistance, it may lead to a correction. Let's take a look at the charts. Nifty: Current View: The current outlook suggests that if the market sustains the gap-up structurally, we can expect a continuation of the rally with some consolidation. > However, it's uncertain where this consolidation will occur—either around the supply zone or at 25,978. > Notably, there are three waves bending. If the first pullback rejects around the supply zone, then the second wave could consolidate there. Once it breaks, the third pullback could reach between 25,978 and 26,034. > Conversely, if it breaks the supply zone solidly, the first rejection may occur at 25,978 or 26,034. Alternate View: The alternate view indicates that if the market experiences a sharp rejection around the immediate resistance, it could see a minimum of 23% to 38% during the minor swing. If it breaks below 38%, then the correction may continue to 50% to 78%.
NSE:NIFTY
by Manickamtraders
#Nifty Directions and Levels for the Last Week of SeptemberNifty and Bank Nifty Directions and Levels for the Last Week of September Global Market Overview: In the previous week, the global market continued to rally solidly. Structurally, it indicates a bullish bias. This week, we can expect some continuation of the rally along with potential consolidation. In the meantime, there are some important events that we should pay attention to. Our Market: Our market also continued the solid rally. Structurally, it indicates a bullish bias; however, the structures differ between Nifty and Bank Nifty. If we look at the price action, both are exhibiting a strong bullish trend. However, when comparing the wave counts, Nifty is progressing through its 5th sub-wave, while Bank Nifty is currently in its 3rd sub-wave. How can we interpret this sentiment? Typically, this kind of sentiment leads to consolidation. For example, once Nifty finishes its 5th wave, it could experience a sharp correction. At that time, Bank Nifty might undergo a 4th wave, which is a consolidation wave, so we wouldn't expect much correction in that scenario. Once Bank Nifty completes its 4th wave, the 5th wave could resume a bullish bias, during this time, Nifty likely wouldn't continue its correction. On the other hand, if Bank Nifty dominates the market (meaning the 3rd wave extends further), we cannot expect a correction in Nifty. It may seem a bit complicated, but in simple terms, we can anticipate consolidation where the market could either face rejection or experience a significant breakout. #Nifty Current View: If the market breaks the previous high, we can expect the next target to be 26,034. This is a crucial level. If the market faces rejection there, we can expect a correction between 61% to 78% of the minor swing. However, confirmation of a correction will only be valid if the market breaks the 38% Fibonacci level. Until then, the market remains bullish. Alternate View: The alternate view suggests that if the market does not face rejection or consolidates instead, the rally is likely to continue to the level of 26,273.
NSE:NIFTY
by Manickamtraders
2
#Nifty Intraday Support & Resistance Levels for 23.09.2024On Friday, Nifty opened with a gap up and, amidst a highly volatile session, made a new all-time high of 25,849.25. It closed at 25,790.95, gaining 375 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive. 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 plan for next move will it crash 2025 to 2030?as you can see on chart history repeats all the time same patterns so plan for your growth and expect for a crash on those levels as history made before wait for the crash Hit the like button to Rock !! Show some energy !! Note : ⨻ Check the live market updates and analysis yourself before buy or sell. ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself ⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell. ⫸ You are responsible for your trading not me ⫷ happy trading 🥰
NSE:NIFTYLong
by TRADING_MASTER_DAVIS
20th Sep '24 - Last week's stance change paid off, Nifty up 1.9%Nifty Stance Bullish ️⬆️ Back-to-back 1.9% weekly moves, Nifty moves an astonishing 953 points over the last 2 weeks. There is nothing that could possibly stop this train. What is more interesting is that 100% of this move came on Thursday + Friday, till then Nifty was flat and would have given the impression that the week may be going sideways. The good thing is that we started the week with a bullish mindset, ensuring we did not run into losses, unlike many professional traders who lost a lot on Friday alone. The losses on Friday for those who traded Sensex were because of the 1.3% sudden move that came in a range of 8 minutes, it really looked inorganic and manipulative. These days, it is quite easy to predict when the HFTs are gearing up to deploy their stop loss hunting, the wiser strategy is not to play. For the next week also, we wish to maintain the bullish stance and would like to switch back to a neutral stance only if we drop below 25528.
NSE:NIFTYLong
by viswaram
#Nifty directions and levels for September 20th.Good morning, friends! 🌞 Here are the market directions and levels for September 20th. Market Overview: Global markets are showing a bullish trend, as indicated by the Dow Jones, while our local market has a moderately bullish outlook. Today, the market is expected to open neutral to slightly gap-up, with SGX Nifty suggesting a positive move of around +30 points as of 8 AM. In the previous session, both Nifty and Banknifty experienced a solid breakout, but it didn’t sustain. Structurally, this indicates a diagonal pattern, meaning the trend is bullish, but momentum may be limited. This is one variation. On the other hand, if the market declines, it could turn into a correction. Let's look at the charts for more insight. Nifty: Current view: The current view suggests that if the market declines after some initial pullback, we can expect a correctional target at the 38% Fibonacci level on the downside. Structurally, it may not sustain there. However, if a solid pullback occurs, the market could form a range-bound structure between the previous high and the current low. This is our first variation. Alternate view: Alternatively, if the gap-up sustains, we could expect the market to reach the level of 25,561. If it consolidates or breaks this level, we might see a further move up to 25,643. On the other hand, if there is a sharp rejection at this level, it may retest the previous bottom.
NSE:NIFTY
by Manickamtraders
1
Nifty Intraday Support & Resistance Levels for 20.09.2024On Thursday, Nifty opened with a gap up, reaching a new all-time high of 25,611.95. However, the opening gap was filled due to profit booking, and Nifty closed at 25,415.85, gaining just 38 points from the previous day. Both the Weekly and Daily Trends (50 SMA) remain positive. Demand/Support Zones: Near Demand/Support Zone (15 min): 25,244.55 - 25,269.45 Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50 Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55 Supply/Resistance Zones: No visible supply zone on the chart at the moment.
NSE:NIFTY
by PriteshPal
Stock: MFSL (Max Financial Services Ltd)Stock: MFSL Trend: Bullish Setup: Rounding Bottom Breakout Timeframe: Weekly Chart Analysis: MFSL has exhibited a classic bullish reversal pattern, the rounding bottom. This formation typically signals a transition from a bearish to a bullish trend. The stock's recent breakout above ₹1,150 confirms the completion of this pattern, suggesting a strong upward trajectory. Key Takeaways: 1. Upward Trend: The price's position above the 50-week EMA indicates a positive long-term trend. 2. Breakout Confirmation: The successful breakout from the rounding bottom pattern reinforces the bullish outlook. 3. Volume Support: The surge in trading volume accompanying the breakout suggests robust buying interest. Recommendation: Given the strong bullish signals, **MFSL is a buying zone **. Traders and investors may consider entering positions with short-term targets of ₹1,250 to ₹1,300. For long-term investors, holding the stock could potentially yield even higher returns.
NSE:MFSLLong
by kingofstockmarkets
Nifty Analysis for Tomorrow (intraday Trading Setup-options)Today market opened Gapup but not sustained. After 2 Pm price created a support and at the time closing bounce little bit and closed so tomorrow morning possibility of a Gapup. How to Trade - 1. If opens Gapup and falls but sustain today's low and then a bounce is expected after support creation.(High probability) 2. If opens Gapup/flat -moves upside and unable to hold at upper levels then there will be a selling on rise day.( Less probability) 3. If opens Gapup/flat -moves upside and test next resistance and hold at High level then bounce will be expected. 4. If opens gapdown or falls to next support then also bounce will be expected after support creation (highest probability)
NSE:NIFTYLong
by jain_abhishek
Nifty Analysis for Tomorrow (intraday Trading Setup-options)Today market opened Gapup but not sustained. After 2 Pm price created a support and at the time closing bounce little bit and closed so tomorrow morning possibility of a Gapup. How to Trade - 1. If opens Gapup and falls but sustain today's low and then a bounce is expected after support creation.(High probability) 2. If opens Gapup/flat -moves upside and unable to hold at upper levels then there will be a selling on rise day.( Less probability) 3. If opens Gapup/flat -moves upside and test next resistance and hold at High level then bounce will be expected. 4. If opens gapdown or falls to next support then also bounce will be expected after support creation (highest probability)
NSE:NIFTYLong
by jain_abhishek
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 Intraday Support & Resistance Levels for 19.09.2024On Wednesday, Nifty opened almost flat, touched the 15-minute Demand zone mentioned in the last post, and bounced 100 points to make a new all-time high of 25,482.20. However, it faced selling pressure, dropping 200 points from the top, and closed at 25,331.40, losing 41 points from the previous day. Both the Weekly and Daily Trends (50 SMA) remain positive. Demand/Support Zones: Near minor Demand/Support Zone (15 min): 25,244.55 - 25,269.45 Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50 Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55 Supply/Resistance Zones: Near minor Supply/Resistance Zone (15 min): 25,469.05 - 25,482.20
NSE:NIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 18.09.2024On Tuesday, Nifty opened with a gap up and traded in a narrow range throughout the day, closing at 25,418.55 with a gain of 35 points. This marks the first time Nifty has closed above 25,400. For the last four days, Nifty has been hovering around this level, suggesting that if the high is not broken with strong volume, we could see a correction down to 25,075. However, if Nifty breaks the new high (above 25,450) with volume, it may reach 25,640 in the short term. Both the Weekly and Daily Trends (50 SMA) remain positive. Demand/Support Zones: Near Demand/Support Zone (15 min): 25,355.95 - 25,383.90 Far Demand/Support Zone (15 min): 25,244.55 - 25,269.45 Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50 Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55 Supply/Resistance Zones: No Supply/Resistance zones are currently visible on the chart.
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup For 18 Sep 2024NIFTY Intraday Trade Setup For 18 Sep 2024 Bullish-Above 25450 Invalid-Below 25400 T- 25630 Bearish-Below 25310 Invalid-Above 25360 T- 25100 NIFTY has closed almost on a flat note with minor gain of 0.14% today. Since last three sessions index is just sideways within 150 points small range. Index is just consolidating after ATH breakout. Now above 25450 index should trend in the higher side, no comments on momentum as it has passed away months ago. Below 25300 index should start a bearish action. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25450 then we will long for the target of 25630. For selling we need a 15 Min candle close below 25300. T- 25100. 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
Symetrical Triangle with flat top on NiftyFor learning purpose: The Nifty index is showing a symmetrical triangle pattern with a flat top, which often indicates consolidation and the potential for a breakout. A break below the 24,380 level could signal weakness, with bearish sentiment possibly taking over. On the other hand, a break above 24,450 may lead to bullish momentum, as buyers could drive prices higher, confirming an upward breakout from the consolidation. Traders should keep a close eye on these levels for potential trade opportunities, as either side could set the tone for the market’s next move.
NSE:NIFTY
by TradePatternsLikePro
Bajaj Finance LtdAll 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:BAJFINANCELong
by sreekumars