Get started

Niftytrend

#Nifty directions and levels for September 17th.Good morning, friends! 🌞 Here are the market directions and levels for September 17th. Market Overview: Global markets continue to show a moderately bullish trend, as indicated by the Dow Jones, and this sentiment is reflected in our local market as well. Today, the market is expected to open with a gap-up, with SGX Nifty suggesting a positive move of around +30 points as of 8 AM. Current view: There haven't been any significant changes in the previous sentiment, so I'll explain it simply. Nifty is showing a moderately bullish structure, which means consolidation. If the market rejects around the immediate resistance, it may continue this sentiment. A solid rally is expected only if the immediate resistance is broken convincingly. Alternate view: Alternatively, if the market starts negatively, the demand zone will act as strong support. If the market finds support there, it could form a range between the previous high and the downside demand zone. A deeper correction is expected only if the demand zone is broken convincingly.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 17.09.2024On Monday, Nifty opened with a gap up, hitting a new all-time high of 25,445.70 (the previous high was 25,433.35) but failed to sustain and closed at 25,383.75. For the last three days, Nifty has been closing around 25,400, indicating that if the high is not broken with strong volume, we may see a correction down to 25,075. However, if Nifty breaks above the new high (above 25,450) with volume, it could reach 25,640 in the short term. The Weekly and Daily Trends (50 SMA) remain positive, and support and resistance zones are unchanged. Demand/Support Zones: Near Demand/Support Zone (15 min): 25,217.90 - 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 visible on the chart currently.
NSE:NIFTY
by PriteshPal
Nifty Market Analysis for 16 September 2024On September 16 (Today) NSE:NIFTY opened gap up by 50 points, indicating positive momentum at the start of the trading session. The immediate resistance level for Nifty is observed at 25,415. If the index manages to sustain above this resistance, the next crucial resistance levels to watch are 25,502 and 25,535. On the downside, failure to hold above 25,415 could result in a decline toward the support range of 25,311 to 25,275. Immediate Resistance: 25,415 Nifty Day’s Support: 25,311 to 25,275 Nifty Day’s Resistance: 25,502 to 25,535 Disclaimer: This analysis is based on current market data and technical indicators. It is not a recommendation to trade or invest. The stock market is subject to risks, and prices can fluctuate due to various factors. Please consult with a financial advisor before making any investment decisions.
NSE:NIFTY
by Stable_Logic
#Nifty directions and levels for September 16th.Good morning, friends! 🌞 Here are the market directions and levels for September 16th. Market Overview: Global markets are showing a moderately bullish trend, as indicated by the Dow Jones, and this sentiment is reflected in our local market as well. Moreover, today’s market is expected to open with a gap-up, with SGX Nifty indicating a positive move of around +50 points as of 8 AM. Nifty: Current View: There haven't been any major changes to the market sentiment since the previous session, as Nifty closed with consolidation. Structurally, this suggests we could be in the 4th wave. Now, if the market opens with a gap-up and sustains it, we can expect a 5th impulse wave. The targets for this wave are likely between 25,452 and 25,587. > It’s important to note that the 5th wave is typically a distribution wave. So, if the market breaks the immediate resistance with a strong candle or after some minor consolidation, the rally could extend further, potentially reaching 25,587. On the other hand, if the market reaches the resistance gradually, it may not gain as much momentum, and the maximum level to expect would be 25,492. Alternate View: If the gap-up doesn’t hold or the market declines initially, we may see a correction of around 23% to 38%. Following this, if the market finds support near the 38% Fibonacci level, it could consolidate between this level and the previous high. However, if the market breaks below the 38% level, the next target would be at the 50% Fibonacci level. Still, further correction will only continue if the market decisively breaks below the 50% Fibonacci level.
Editors' picks
NSE:NIFTY
by Manickamtraders
4
13 Sep 2024  Stance changed to Bullish, surprising breakouts N50Nifty Stance Bullish ️⬆️ Nifty moves an amazing 474pts ~ 1.91% during the week 9th to 13th September and upgrades its stance from neutral to bullish. Of these 438pts ~ 1.75% surge came on 12th Sep and between 13.30 to 14.51.  12th Sep was an expiry day and I had shorted 25250 at 3.50 and luckily squared off for Rs1.1 around 1.33 PM. This same strike went upto Rs175 and then closed in the money. Sometimes, luck plays on your side as well. We have a new ATH of 25433 and the market has huge relative strength to keep going up, no one is able to predict where the top will be and the bears are feeling sorry for themselves. On the 13th, markets consolidated, and it was a good day for nondirectional traders.  We have revised our stance to bullish but do not expect it to surpass 25800 this weekly series.
NSE:NIFTYLong
by viswaram
#Nifty Directions and Levels for the 3rd Week of September.Global Market Overview: In the previous week, the global market experienced a solid pullback; however, the structure still indicates a range-bound market. What about this week? Structurally, if the market breaks the previous high, we can expect a continuation of the rally. On the other hand, if the market faces rejection around the previous high, the range is likely to continue. However, there are many important events this week, such as Retail Sales, Industrial Production, Building Permits, the Fed Interest Rate Decision, FOMC Economic Projections, and the Fed Press Conference. So, this week might be crucial, and we could expect heightened volatility. Our Market: In the previous week, our market mirrored the global sentiment. Both Nifty and Bank Nifty experienced strong pullbacks, and structurally, this could continue into this week. However, we might see some consolidation in the middle of the week. Let’s break it down further by looking at the charts. While Nifty and Bank Nifty have similar structures, their wave counts differ. Nifty: Current View: If this week begins positively, we could see resistance around the 25492 to 25587 levels. If the market gets rejected here, we can expect a minor retracement of 23% to 38% in the swing. After that, if the market finds support there(around 38%), the rally could continue, with potential targets of 25692 to 25853. This is our primary scenario. Alternate View: In the alternate scenario, if the market starts negatively or faces rejection around the immediate resistance, we can expect a 38% correction. (It’s important to note that the retracement points differ from the current view.) after that If the market breaks this level decisively, we can expect the correction to extend to at least 78% to the swing low. However, if it doesn't break the 38% level, the bullish bias could be maintained.
NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Support & Resistance Levels for 16.09.2024On Friday, Nifty opened with a gap up but failed to surpass Thursday's high of 25,433.35, staying in a tight range and closing at 25,356.50, losing 32 points. Despite this, Nifty continues to trade above the previous week's close and even above the previous month's candle closing. If last week's low (24753.15) holds, we may see further upward movement and potentially new highs in the coming weeks. The trend (50 SMA) on both the Weekly and Daily timeframes remains positive. Demand/Support Zones: Near Demand/Support Zone (15 min): 25,217.90 - 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: Currently, no Supply/Resistance zones are visible on the chart.
NSE:NIFTY
by PriteshPal
Markets Gear Up for FED: Nifty & Bank Nifty Reflect OptimismNifty has created a 500 points flag pattern on a 30 mins chart, breakout is above 25385 level, if thats done then we should see a strong move till 25800-26200-26400 levels. Bank Nifty has to catch up, it has also shown strength in last week, 52200 is a crucial zone, any close above it will give Bank Nifty open doors for 53150 level and above that 54150 level can be seen. On down side we can see 51700 - 51400 as strong support
NSE:BANKNIFTYLong
by Nimble_Pesos
NIFTY // Levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Here are the current support and resistance levels for the Nifty 50 Index (NIFTY) on a 4-hour timeframe: **Support Levels** 1. **Previous Low**: 12,560.00 2. **Fibonacci 38.2% Retracement**: 12,570.00 3. **200 SMA (Simple Moving Average)**: 12,590.00 4. **Fibonacci 23.6% Retracement**: 12,610.00 5. **Short-term Support**: 12,630.00 **Resistance Levels** 1. **Fibonacci 61.8% Retracement**: 12,660.00 2. **Previous High**: 12,680.00 3. **Fibonacci 78.6% Retracement**: 12,700.00 4. **Medium-term Resistance**: 12,720.00 5. **Long-term Resistance**: 12,740.00 **Notes** * These levels are subject to change as market conditions evolve. * These levels are based on historical data and may not be a guarantee of future price action. * These levels are not the only levels that can be used; traders can use other indicators, such as moving averages or trend lines, to identify potential support and resistance levels. **Current Market Conditions** * The Nifty 50 Index is currently trading in a bullish trend, with a series of higher highs and higher lows. * The index is approaching the short-term resistance level of 12,630.00. * If the index breaks above this level, it could potentially move towards the medium-term resistance level of 12,720.00. **Trading Strategies** * Buy at support: If the index breaks below the short-term support level of 12,630.00, it could be a good opportunity to buy. * Sell at resistance: If the index breaks above the short-term resistance level of 12,660.00, it could be a good opportunity to sell. * Trend following: Follow the trend by buying or selling based on whether the index is moving upwards or downwards. * Mean reversion: Look for opportunities to buy when the index is oversold and sell when it is overbought. Some key levels to watch in the Nifty 50 Index: * **Earnings**: The Nifty 50 Index has seen strong earnings growth in recent quarters, with many companies beating expectations. * **Valuations**: The Nifty 50 Index has seen its valuations rise in recent months, with some metrics reaching all-time highs. * **Interest Rates**: The Reserve Bank of India has been keeping interest rates low, which has helped to boost stock prices and fuel the rally. Remember to always use stop-losses and position sizing to manage risk when trading.
NSE:NIFTYLong
by SkyTradingZone
#Nifty directions and levels for September 13th.Good morning, friends! 🌞 Here are the market directions and levels for September 13th. Market Overview: Global markets are showing a moderately bullish trend, as indicated by the Dow Jones, and our local market has a bullish sentiment. However, today, the market may open with a gap-up, as SGX Nifty is indicating a positive move of around +40 points at 8 AM. In the previous session, Nifty and Bank Nifty showed a solid rally. Structurally, it is indicating a bullish bias. However, if we look at the sub-wave structure, there is a progressing fourth wave. The previous solid rally could indicate a third wave, followed by a rejection that reached the 23% Fibonacci correction, so we should consider that a fourth wave. In this sentiment, we can expect consolidation until breaking the immediate resistance. Let’s take a look at this on the chart. Today, Nifty and Bank Nifty have the same sentiment. Current View: If the market opens with a gap-up, it may face rejection around the previous high. If this happens, it may enter some consolidation between the previous high and the 38% Fibonacci level to the downside. This is our first variation. Alternate View: The alternate view suggests that if the gap-up doesn’t sustain, it may find support around the 38% Fibonacci level. If this occurs, it typically consolidates between the 38% and the previous high. In this case, if it breaks below the 38%, we can expect the next target at the 50% level; however, the correction will continue only if it breaks the 50% Fibonacci level solidly.
NSE:NIFTY
by Manickamtraders
1
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 Market Update: Symmetric Triangle Pattern in FormationOn September 12, 2024 (Today), NSE:NIFTY opened with a gap-up of more than 100 points, showing early bullish momentum. The index is now trading within a range and appears to be forming a symmetric triangle pattern, indicating potential breakout action. Key levels to watch are the day’s support at 24,978.20 and at 24884.85 and resistance at 25,141.15. A breakout above or below these levels could set the tone for the next trend. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always consult a professional before making trading / investment decisions.
NSE:NIFTY
by Stable_Logic
1
Nifty Intraday Levels | 12-SEP-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
Where is market headed today?Good morning everyone! 12th September, 2024. Thursday. NSE:NIFTY has been in consolidation mode for last 4 sessions. Believe me, this is very good for bulls to continue. So don't be afraid it. Rather, try to some good setups suitable to you and BUY ONLY NEAR SUPPORT. Support for Nifty for the day is 24821. Below this we may see 24540 levels coming into the game in next few days. Resistance stays 25077. Above this, we may see a major short covering till 25275 or even further. Today is expiry. DO NOT CHASE ANY GAP. NOT EVEN BREAKOUT. Rather, use this gapup to book some profits off the tabe. On the NSE:BANKNIFTY Sell on rise is possible today. Daily trend still sideways. Support - 50947 Resistance - 51420 NSE:CNXFINANCE same as Banknifty. Support - 23513 Resistance - 23725/23807. Stocks on my list for today: NSE:SHK NSE:BALUFORGE NSE:CAPACITE NSE:TBZ That will be all for the day. Take care. Have a profitable day ahead. And remember, if anyone of you guys need any help, I am just onne messege/call away.
NSE:NIFTYLong
by Trendxinc
#Nifty directions and levels for September 12th.Good morning, friends! 🌞 Here are the market directions and levels for September 12th. Market Overview: Global markets are still maintaining a moderately bearish trend, as indicated by the Dow Jones, and our local market reflects a similar sentiment. However, today, the market may open with a gap-up, as SGX Nifty is indicating a positive move of around +90 points at 8 AM. In the previous session, both Nifty and Bank Nifty had a huge up and down. Structurally, it’s maintaining the range market. What about today? Even though the market closed negative yesterday, SGX Nifty is indicating a positive start today. Simply, it says that the range will continue. Let’s look at the chart. Today, Nifty and Bank Nifty both have the same sentiment. Nifty: Current view: The current view is saying that the market is range-bound, but if the market breaks the level of 25078 solidly or with some consolidation, it will continue to the Fibonacci level of 78% to 25216. This is our first variation. Alternate view: On the other hand, if the gap-up doesn’t sustain or if the market rejects the level at 25078, then it will continue the range further between the previous day’s range. This is our alternate view.
NSE:NIFTY
by Manickamtraders