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#Nifty directions and levels for August 30th.Good morning, friends! 🌞 Here are the directions and levels for August 30th. Market Overview The global and local markets are still maintaining their current sentiments. Globally, the market is in a consolidation phase with a bullish outlook, supported by the Dow Jones. Locally, the market shows a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the SGX Nifty indicates a positive 40-point move as of 8:00 AM. > Both Nifty and Banknifty are still adjusting to their time patterns. Nifty is following an expanding diagonal pattern, while Banknifty is moving within a range. > Currently, Nifty is setting up for its next movement, but Banknifty is not yet aligning with this direction. We can expect a similar sentiment today due to the structural patterns. > However, if Banknifty breaks to the upside decisively, it could lead to a long rally for both Nifty and Banknifty, as Banknifty has been consolidating after a long rally and might be forming a flag pattern. Today's Charts Nifty Current View: The gift Nifty indicates a slightly positive start. If the market opens with a gap-up, it may reach the supply zone on the upside. If the market consolidates there or breaks through the supply zone decisively, the rally is likely to continue. This is our first scenario. However, considering the diagonal pattern, there is also a possibility of rejection. I will outline this in the alternate view. Alternate View: If the market initially declines or experiences a rejection at the supply zone, a correction of 23% to 38% may follow. Should the market break below the 38% Fibonacci level, it could continue in an expanding diagonal structure, with a potential correctional target of 61% to 78%. Conversely, if the 38% Fibonacci level holds, the market may sustain its bullish bias.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 30.08.2024On Thursday, Nifty experienced a highly volatile trading session, taking support twice at the 15m Demand zone (24988 - 25032) mentioned in the previous post. It reached a new All-Time High of 25192.90 before closing at 25151.95. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) has turned positive from sideways. Support Levels: Near Minor Demand/Support Zone (15m): 25003 - 25047 Near Demand/Support Zone (Daily): 24771 - 24859 Near Demand/Support Zone (125m) for Weekly Trade: 24543 - 24605 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 As of now, there's no supply zone visible on the chart.
NSE:NIFTY
by PriteshPalan
NIFTY... ELLIOT WAVE COUNTING... BULL TREND STILL INTACT!The 5th primary Elliott Wave, which began after the decline following the election results, is continuing its upward movement towards the 26,000 mark. The secondary waves 1 to 4 (within the primary wave 5) have already been completed, and wave 5 is expected to resume its upward trend soon. This progression can be clearly seen in the chart. I am optimistic about seeing the Nifty reach 26,000 this year. Remember, the market is supreme, so trade cautiously.
NSE:NIFTYLong
by Stock-Holmes
NIFTY Intraday Trade Setup For 30 Aug 2024NIFTY Intraday Trade Setup For 30 Aug 2024 Bullish-Above 25200 Invalid-Below 25150 T- 25390 Bearish-Below 24950 Invalid-Above 25000 T- 24770 NIFTY has closed on a bullish note with 0.4% gain today. It was a full volatile session especially post 1 PM. Since last many days it was comfort for option sellers, today it backfired. For me index is still sideways to bullish so follow the same approach till PDL is safe in closing basis. If daily candle closes below PLD then sentiment will turn bearish and sell on rise approach will be suited after a bearish reversal structure. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 25200 then we will long for the target of 25390. For selling we need a 15 Min candle close below 24950. T- 24770. 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
HDFC BANK Levels // 2 HoursHello Everyone 👋 Overview: HDFC Bank is one of India’s leading private sector banks. It provides a wide range of banking and financial services, including retail banking, corporate banking, and treasury operations. The bank was founded in 1994 and is headquartered in Mumbai, India. Branches and ATMs: You can find HDFC Bank branches and ATMs across India. Here are a few locations in New Delhi: Connaught Place: 2nd Floor, 44 Regal Building, Connaught Place, New Delhi - 110001. Barakhamba Road: Ground Floor, DCM Building, IOH Block, Barakhamba Road, New Delhi - 110001. Gole Market: No. 6, No. 104 Baird Road, Block 90, Gole Market, New Delhi - 110001. Connaught Circus: H-69, Outer Circle, Connaught Circus, New Delhi - 110001. Kasturba Gandhi Marg: 209 to 214 & 26, Kailash Building, Kasturba Gandhi Marg, New Delhi - 110001. Janpath: 72, Ved Mansion, Janpath, New Delhi - 110001. Bengali Market: Shop No. 43 to 46, Plot No. 1, Ground Floor, Block No. 205/C, Bengali Market, New Delhi - 110001.
NSE:HDFCBANK
by SkyTradingZone
Nifty Intraday Support & Resistance Levels for 29.08.2024On Wednesday, Nifty reached a new all-time high of 25129.60, but profit booking in the last trading hour led to a nearly 100-point drop from the peak, closing at 25052.35. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 24988 - 25032 Near Demand/Support Zone (Daily): 24771 - 24859 Near Demand/Support Zone (125m) for Weekly Trade: 24543 - 24605 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 Resistance Levels: Near Minor Supply/Resistance Zone (15m): 25111 - 25129.60
NSE:NIFTY
by PriteshPalan
#Nifty directions and level for August 29th.Good morning, friends! 🌞 Here are the directions and levels for August 29th. Market Overview The global market is moving in a consolidation structure, and it has a bullish sentiment based on the Dow Jones. Meanwhile, our local market is showing a moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as the SGX Nifty indicates a negative 50-point move as of 8:00 AM. In the previous session, again, the situation was that even though the market broke the previous high, it didn't sustain that level in the Nifty. The Bank Nifty's story is totally different; there hasn't been as much of a pullback compared to the Nifty; however, it maintained its range. > So, what about today? The first thing is that Gift Nifty is showing a negative start, which is a slightly negative sign for the previous bullish trend. Because the previous bullish trend was moving diagonally, we can interpret this in two ways: as time adjustment or as a potential reversal. So, if today’s gap-down sustains, then it may go a little further down. I will explain this on the charts—let's jump into them. Nifty Current View: > If the market opens with a gap-down, then it may take a bounce back of 23% to 38% around 24,983 or 24,943. Even if this happens, structurally it won’t sustain. Once it rejects there, then the correction will likely continue. This is our first variation. > In this case, if it consolidates around the immediate support level, the same bearish sentiment will continue. Alternate View: Alternatively, if the initial market takes a solid bounce back and breaks the 38% Fibonacci level in the minor swing, then it may turn into a range market between the previous day's range.
NSE:NIFTY
by Manickamtraders
HDFCBANK Levels For Intraday or swing TradingChart Overview: Current Price: ₹6,735.851. Recent Performance: 1 day: -0.20% 5 days: +0.53% 1 month: +1.98% 6 months: +16.73% Year to date: -4.06% 1 year: +4.82% 5 years: +45.74% Support and Resistance Levels: Pivot Points: Resistance 1 (R1): ₹6,650.37 Resistance 2 (R2): ₹6,684.38 Resistance 3 (R3): ₹6,712.77 Pivot Point: ₹6,621.98 Support 1 (S1): ₹6,587.97 Support 2 (S2): ₹6,559.58 Support 3 (S3): ₹6,525.57 Fibonacci Pivot Points: R1: ₹6,645.82 R2: ₹6,660.55 R3: ₹6,675.28
NSE:HDFCBANK
by Optionclub
Nifty-50 Levels For Intraday or swing TradingNifty 50 Chart Overview: Current Value: ₹24,7801. Recent Performance: 1 day: +0.76% 5 days: +1.47% 1 month: +2.40% 6 months: +12.59% Year to date: +15.11% 1 year: +29.61% 5 years: +127.45% Key Data Points: Volume: Not specified Previous close: Not specified Open: Not specified Day’s range: Not specified Recent Analyst Views (August 22nd): Price was moving in a wide range for two days and broke out above the consolidation range. Buy Above: ₹24,780 Stop Loss: ₹24,740 Targets: ₹24,820, ₹24,860, ₹24,890, and ₹24,920 Sell Below: ₹24,680 Stop Loss: ₹24,720 Targets: ₹24,640.
NSE:NIFTY
by Optionclub
NIFTY Intraday Trade Setup For 29 Aug 2024NIFTY Intraday Trade Setup For 29 Aug 2024 Bullish-Above 25130 Invalid-Below 25080 T- 25350 Bearish-Below 24950 Invalid-Above 25000 T- 24770 NIFTY has closed almost on a flat note with slight gain of 0.14% today. It is making a parallel channel however its rising so ideally it will give best momentum in the downside if lower trendline breakout happens. However there is equal probability of breakout in the upside too. Also any daily candle close below PDL will change sentiment to bearish till then approach will be sideways to bullish. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 25130 then we will long for the target of 25350. For selling we need a 15 Min candle close below 24950. T- 24770. 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 August 28th.Good morning, friends! 🌞 Here are the directions and levels for August 28th. Market Overview The global market is showing a bullish sentiment, as reflected by the Dow Jones. Meanwhile, our local market is displaying a moderately bullish sentiment. However, today's market may open with a neutral to slightly gap-down start, as the SGX Nifty indicates a negative 10-point move as of 8:00 AM. Currently, both Nifty and Banknifty are moving in a diagonal pattern, which is a time adjustment pattern. This means the market may not rise significantly even if it breaks the previous high. However, it's important to note that if the market breaks this pattern on the downside, a minor correction could occur. Therefore, we should watch the market carefully. Now, let's look at the charts. Current View If the market finds support around the immediate support level or opens with a gap-up, the diagonal pattern is likely to continue. > Specifically, Nifty may move within the previous day's range. If it then breaks the all-time high, it could reach a minimum of 25,112 to 25,155. Alternate Scenario The alternate scenario suggests that if the market breaks the 38% Fibonacci level effectively, we can expect the next correctional targets to be between 50% and 61% on the downside.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 28.08.2024On Tuesday, Nifty reached a high of 25073.10, just 5 points shy of its all-time high of 25078.30, before closing at 25017.75. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. The demand and support zones remain unchanged from the previous post. Support Levels: Near Demand/Support Zone (Daily): 24771 - 24859 Near Demand/Support Zone (125m) for Weekly Trade: 24543 - 24605 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 No supply zone is currently visible on the chart.
NSE:NIFTY
by PriteshPalan
How To Draw Support and ResistanceHorizontal Support and Resistance Levels: These are drawn using horizontal lines based on price points. Support Levels: Identify areas where the market had difficulty breaking below. These levels often have a cluster of buy orders. Resistance Levels: Represent price points where the market struggled to break above. Sellers tend to enter around these levels. Round-Number Levels (Psychological Levels): These occur around round exchange rates (e.g., 1.00, 1.10, 1.50). Traders pay attention to these levels due to their psychological significance. Trendline Support and Resistance: Draw upward or downward sloping trendlines using at least two price points. Trendlines help identify dynamic support and resistance.
NSE:BANKNIFTYEducation
by Optionclub
ADVANCED PCR TRADING #NSE #BSE #Option'sWhat is the PCR Ratio? The PCR measures the relative trading volume of put options (bearish bets) to call options (bullish bets) in the market. It’s calculated as:PCR=Open Interest of Call Options / Open Interest of Put Options​ Interpretation: PCR > 1: Indicates bearish sentiment. More put options are being traded, suggesting traders are hedging against potential declines or speculating on downward moves. PCR < 1: Signals bullish sentiment. More call options are traded, indicating traders expect price increases or are hedging short positions. PCR = 1: Suggests a neutral sentiment where buying and selling pressures are balanced. Why PCR Matters: Sentiment Gauge: The PCR reflects market sentiment. Tracking changes helps you gauge optimism or pessimism. Contrarian Indicator: Extremely high PCR may signal excessive pessimism, potentially leading to reversals.
NSE:BANKNIFTYEducation
by Optionclub
NIFTY Intraday Trade Setup For 28 Aug 2024NIFTY Intraday Trade Setup For 28 Aug 2024 Bullish-Above 25080 Invalid-Below 25030 T- 25250 Bearish-Below 24950 Invalid-Above 25000 T- 24815 NIFTY has closed on a flat note today. We have discussed multiple times that index behavior since last many weeks is mostly trading inside 100 points range, today was another such day. 25100 zone may trigger some volatility as its a confluence zone for buyers and sellers. 25080 and 24950 are intraday levels for tomorrow. Tomorrow we can expect good move above or below today's high/low as daily candle is a spinning top. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25080 then we will long for the target of 25250. For selling we need a 15 Min candle close below 24950. T- 24815. 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 the August 27th.Good morning, friends! 🌞 Here are the directions and levels for August 27th. Market Overview The global market has a bullish sentiment based on the Dow Jones. Meanwhile, our local market also exhibits bullish sentiment. However, today, the market may open with a gap-down start, as the SGX Nifty indicates a negative 40-point move as of 8:00 AM. In the previous session, the Nifty experienced a range breakout, which is structurally a positive sign. But today, the giftnifty indicates a negative start. So, what’s next? > the Nifty has minor consolidation structure followed by a breakout. Structurally, it should not take much of a correction. > Therefore, if the market opens negatively and finds support around the immediate support level, it may continue to consolidate within the previous day’s range. This is our first variation in this case. After that consolidation, if the market breaks the previous day's high, then the rally will likely continue. > An alternate variation suggests that if the gap-down sustains and breaks the 38% Fibonacci level solidly or with some consolidation, the market could potentially move further down to the 61% to 78%.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 27.08.2024On Monday, Nifty opened with a gap up, reaching a high of 25043.80 before closing at 25010.60, gaining 187 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (Daily): 24771 - 24859 Near Demand/Support Zone (125m) for Weekly Trade: 24543 - 24605 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 No supply zone is visible on the chart as of now.
NSE:NIFTY
by PriteshPalan