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Niftytrend

Nifty Intraday Support & Resistance Levels for 02.01.2025On Wednesday, Nifty opened flat to negative, dipping to a low of 23,562.80 before rallying to the day’s high of 23,822.80. It ended the session flat at 23,742.90, gaining 98 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 23616.50 - 23656.60 Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,862.05 - 23,915.35 Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
NSE:NIFTY
by PriteshPalan
Nifty weekly expiry analysis for 02/01/2025.Tomorrow is nifty first weekly expiry of the year. A consolidation is going on in the index and today also it closed in a range. If there is break out of the trendline on the upper side, chances of market retesting 24k levels are high. In case of a fail and market trading downside, a trend downside possibilities are there. 20-EMA and 50-EMA are acting as a resistance and once cleared higher EMAs can be tested. Option buyer be cautious of the expiry premium decay. Only trade the momentum. Major levels Upper resistance :- 24850, 24080 Lower support :- 23550, 23330.
NSE:NIFTY
by TheMamboMomentum
Nifty Intraday Support & Resistance Levels for 01.01.2025On Tuesday, Nifty opened gap-down, re-entering the 75-minute demand zone, and made a low of 23,460.45. It bounced back to touch a day high of 23,689.85 but closed flat at 23,644.80, losing just 0.10 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,862.05 - 23,915.35 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty's bounce from the demand zone highlights strong buyer interest at lower levels. However, resistance near 23,915.35 remains a key hurdle. A sustained move above this level could open doors for higher targets, while failure to hold above 23,263 may invite further selling pressure. ✨ Wishing everyone a happy and prosperous New Year 2025! ✨
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 31.12.2024On Monday, Nifty opened on a negative note but rebounded after finding support at 23,700, rallying to a high of 23,915.35. However, selling pressure dragged it down to a low of 23,599.30, entering the 15-minute demand zone. It eventually closed at 23,644.90, losing 168 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 (tested) Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,862.05 - 23,915.35 Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty's entry into the 15m demand zone highlights minor support, but selling at higher levels capped any significant recovery. A move above the 15m resistance zone at 23,862.05 - 23,915.35 may attract buyers, while failure to hold the tested demand zone could lead to further downside.
NSE:NIFTY
by PriteshPalan
Nifty Analysis: Double Bottom Formation and Bullish OutlookThe Nifty index appears to be forming a classic "W" or double bottom pattern at its current lower levels, which it has been testing for the past few weeks. This is a strong technical signal often indicative of a potential trend reversal. Meanwhile, the Dollar Index (DXY) is hovering near its peak levels and is showing signs of a divergence pattern on key technical indicators. This divergence suggests a possible shift in momentum, which could further support bullish sentiment for Nifty. Based on this pattern analysis, it’s becoming increasingly clear that the market clouds are dissipating, and a brighter phase may be emerging. Nifty is poised for a bullish move, and this could create opportunities in related stocks. Stay vigilant and look out for stocks aligning with your trading framework. Disclaimer: This is a technical analysis based on chart patterns and is shared for educational purposes only. Please conduct your own research and analysis before making any trading decisions.
NSE:NIFTYLong
by apstockanalysis
Nifty Trading Strategy for 30th December 2024Nifty Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 23,940 Sell Below: The low of the 1-hour candle that closes below 23,750 Targets: Upside Targets: 23,979, 24,022, 24,080 Downside Targets: 23,727, 23,684, 23,630 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 23,940, aiming for targets of 23,979, 24,022, and 24,080. Sell Signal: Enter a sell position below the low of the 1-hour candle that closes below 23,750, aiming for targets of 23,727, 23,684, and 23,630. Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital. Book Profits: Regularly book profits at the specified resistance and support levels. Disclaimer: I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
NIFTY Intraday Trade Setup 30 Dec 2024NIFTY Intraday Trade Setup 30 Dec 2024 Bullish-Above 23965 Invalid-Below 23915 T- 24200+ Bearish-Below 23790 Invalid-Above 23840 T- 23550 NIFTY has closed on a halt note with minor gain of 0.96% last week. It has traded in a narrow range of 1% the whole week. It has compressed and formed a inside candle in weekly TF. We will maintain bearish stance and sell on rise approach till index trades below 50 EMA. Bearish sentiment will be stronger till it closes below PDH. 23965 and 23790 are intra levels for Monday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23965 then we will long for the target of 24200. For selling we need a 15 Min candle closes below 23790. T- 23550. 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 30.12.2024On Friday, Nifty opened with a gap-up at 23,801.40, briefly dipped to a low of 23,800.60, and climbed to a high of 23,938.85, entering the 75m supply zone. However, selling pressure pushed it back down to close at 23,813.40, securing a modest gain of 63 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Levels: - 23,263 (low of 21st November 2024) - 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty’s journey into the 75m supply zone shows the current resistance levels. Watch for a break above the daily resistance zone of 24,149.85 - 24,394.45 for potential bullish momentum. On the downside, the 75m demand zone at 23,447.15 - 23,578.60 will be crucial for support.
NSE:NIFTY
by PriteshPalan
#Nifty directions and levels for Friday, December 27th:Good Morning, friends! 🌞 Here are the market directions and levels for Friday, December 27th: Market Overview The global market shows a moderately bullish sentiment (based on Dow Jones), but our local market is leaning toward a moderately bearish sentiment. Today, the market may open neutral or slightly gap-up, as the Gift Nifty indicates a 40-point positive start. In the previous session, Nifty and Bank Nifty moved in different directions; however, by the end of the day, both closed near the middle of their respective ranges. We are still in a range-bound market, and until the range is broken, we cannot expect any significant directional movement. What about today? It’s a bit difficult to say because Nifty is showing signs of a pullback move, while Bank Nifty is indicating a downtrend. How can we interpret this? Whenever the market exhibits such conflicting signals, it mostly leans toward consolidation. However, if both indices move in the same direction and a proper signal occurs, we can consider taking a position. This is the basic structure. Let’s analyze the chart for more insights. Nifty Current View The current view suggests that if the gap-up sustains, we can expect a pullback toward 38% on the upside. After that, if rejection occurs at this level, a correction can be expected. On the other hand, if the pullback has a solid structure and is followed by a range breakout (above 38%), the pullback is likely to continue further. Alternate View: If the market declines after the gap-up, the range-bound scenario will likely persist. In this case, the corrective targets are expected to reach a minimum of 23,609.
NSE:NIFTY
by Manickamtraders
1
26th Dec '24 - Last Expiry of Calendar year, Nifty is bearishNifty Stance Bearish ⬇ On a week-to-week basis, we only fell 204pts ~ 0.85%, but things definitely did not look good last Friday. We could have easily taken out the 23350 levels but the reversal on Monday halted the momentum. I guess the sellers will have to rally the market again to push it down later. On Friday, Nifty had a high of 24065 and a low of 23537, a spread of 528 points. Everything pointed southward and our bearish plan was getting executed as per the script. On Monday, we had a temporary retracement - maybe the excess shorts would have covered, this took us to almost 50% of the Fibonacci fall levels of the previous day. Unfortunately on Tuesday, we did not have that continuity and Wednesday was a holiday due to Christmas. I thought we might have a trending day today, but that plan also failed. I have still my hopes pinned on further bearish moves, but not before we go up a little bit because at current levels I do not see any one-sided momentum. The catch is if we fall from the current levels without a trigger, then the downward push will be much more brutal. 24177 would be a resistance above which I would go bullish.
NSE:NIFTYShort
by viswaram
Nifty Intraday Support & Resistance Levels for 27.12.2024On Thursday, Nifty opened gap-up, reaching a high of 23,854.50 before dipping to a low of 23,653.60. It ended the session at 23,750.20, gaining 22 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
NSE:NIFTY
by PriteshPalan
Nifty Trading Strategy for 26th December 2024Nifty Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 23,780 Sell Below: The low of the 15-minute candle that closes below 23,675 Targets: Upside Targets: 23,825, 23,868, 23,920 Downside Targets: 23,640, 23,580, 23,550 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 23,780, aiming for targets of 23,825, 23,868, and 23,920. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,675, aiming for targets of 23,640, 23,580, and 23,550. Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital. Book Profits: Regularly book profits at the specified resistance and support levels. Disclaimer: I am Not SEBI Registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.This only for Educational Purpose.
NSE:NIFTY
by ramkkyy
Nifty Intraday Support & Resistance Levels for 26.12.2024On Tuesday, Nifty opened flat to positive, climbing to a high of 23,867.65 as it entered the 15m supply zone. However, selling pressure pulled it back to a low of 23,685.15. It ended the day at 23,727.65, losing 25 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty's movement on Tuesday highlights the impact of the 15m supply zone resistance. If the near-demand zones hold, we may see a recovery toward 23,900 or higher levels. However, a break below the 75m demand zone could lead to further downside.
NSE:NIFTY
by PriteshPalan
#Nifty directions and levels for December 24th.Good morning, friends! 🌞 Here are the market directions and levels for December 24th. Market Overview: The global market is showing a moderately bearish sentiment (based on the Dow Jones). Our local market is also displaying a moderately bearish trend. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty indicates a 15-point negative sentiment. In the previous session, there was no directional movement, even though it opened with a long gap-up. Structurally, today might continue this sentiment as we are progressing into the 4th sub-wave. We already discussed this in the previous post, so more or less, it will move based on this. Let’s explain this in the charts. Both Nifty and Bank Nifty are currently showing the same structural sentiment. Current View: The current view suggests that if the initial market takes a pullback after some decline or if it opens with a gap-up, then we can expect a continuation of the pullback. Structurally, the 38% retracement could be a major resistance in this variation. As per the wave structure, it is unlikely to go beyond this level. If you find any reversal confirmation, we can consider entering a short position. Conversely, if the pullback breaks the 38% level, it could extend to the next resistance level. This is the basic structure. Alternate View: The alternate view suggests that if the gap-down sustains, we can expect a correction to the previous bottom. Until the bottom is broken, the market sentiment could remain range-bound. If it breaks, we can consider that a 5th correctional wave.
NSE:NIFTY
by Manickamtraders