Nifty important zone and levels for 12-2-2024.... Zone coordinates are 21830-21811.... Have a profitable day everyone...:)
Trade Setup for 12-02-2024 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down...
Nifty has formed a solid pullback structure around the 50% Fibonacci level. Structurally, it might continue, but it should break the Fibonacci level of 38%. If the market breaks the 38% Fibonacci level with a solid structure, then we can expect further pullback continuation with minor rejection. However, if the market opens with a gap-down or rejects around 21842,...
Nifty is forming a bullish CUP & HANDLE pattern, but the full structure is not yet complete. If the market breaks the pattern high, then we can expect a further rally continuation. Note: The market should not break the Fibonacci level of 50%; if it does, the pattern will become invalid.
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Nifty is by no means bearish, unlike BankNifty which slipped into the RED today. If BN continues the southward journey tomorrow, most likely N50 will have to follow suit.” 4mts chart Nifty creates a double bottom (W pattern) in the 4-minute time frame. Although we did not retest the 21913...
Please find below simple resistance and support: Resistance: 21818 If crossed up then will see upward move as follows: T1: 21849 T2: 21915 Support: 21685 If crossed down then will see downward move as follows: T1: 21586 T2: 21520 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO...
as you can see from the chart nifty is respecting the support area it needs to break the zone in the hourly frame for a new down move.
These 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...
Good morning, friends! Here are the directions for February 9th: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty showing a -25. Nifty had a sharp correction in the last session. So, if the...
Check out my support and resistance levels for NIFTY market analysis today 9 FEB 2024. Please check my previous post as well, so that you know whether to believe it or not. Hope it's useful, please like and follow
#Nifty zone and levels for 9-2-2024... Zone coordinates are 21804-21787... Have a profitable day everyone... :)
NIFTY Intraday Trade Setup For 09 Feb 2024 Bullish-Above 21830 Invalid-Below 21780 T- 22005 22190 Bearish-Below 21650 Invalid-Above 21700 T- 21465 21300 NIFTY has closed on a complete bearish note with nearly 1% cut today. Once again our swing short position triggered below 21800 as per shooting star formed on 2 Feb came in profit. SL of 22130 is intact. We can...
21660 seems to be a good support for nifty 👀breaking that support may drag nifty towards 21200
The trading session on Thursday, particularly the Nifty expiry day, unfolded with a distinct dominance of the bears. The day began with both BankNifty and Nifty exhibiting a significant gap-up, rising by almost 40 points. The indices reached notable levels of 46475 and 22087 for BankNifty and Nifty, respectively, establishing a formidable resistance for the day...
Nifty has tested the higher levels and got rejected from the high forming a hanging man candle on the daily charts. Weekly charts is still showing some postivity and it is still way high from the weekly 20 ema. The market has gained 500 points on the weekly close and is looking positive as compare to the other indices. Major support levels :- 21820, 21660,...
As we have discussed, Nifty has had a bearish structure for the past 2-3 sessions. Nifty was moving in a symmetrical triangle pattern, which is a neutral pattern. Today, it has broken down to the downside, the same as we have been discussing. Now, if we look at the chart: The market has successfully broken to the downside and has retraced 200 EMA,...
Nifty50 Support And Resistance 9-Feb-24 Please find below simple resistance and support: Resistance: 21764 If crossed up then will see upward move as follows: T1: 21849 T2: 21915 Support: 21685 If crossed down then will see downward move as follows: T1: 21586 T2: 21520 This is only for education purpose. Do your own research before investing or...
Today, I'm sharing my support and resistance levels. Not much of a change I'll be trading based on these levels. if you think it's useful, please like and follow