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Niftytrend

NIFTY ANALYSIS FOR THE WEEK STARTING 29TH JULY 2024.Last week on the daily time frame nifty gave a long bearish engulfing candle after which the follow up candle did not close below 24300 and nifty reversed. In one hour time frame Nifty closed above 24520 and turned bullish and closed near All time high. For Monday Nifty is Bullish above 24870 or may become short term bearish if one hour candle closes below 24700. For the Week. Nifty is bullish in the short term and may see some correction during the week .If Nifty closes below 24300 then we may change our view. Keep booking profits at regular intervals. Trade wisely and safely. Ramakrishnan I am not a SEBI registered analyst.
NSE:NIFTY
by ramkkyy
Nifty Analysis for Monday 29 July 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000. So I am providing highest probability intraday setup in Nifty50 My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce. If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
NSE:NIFTYLong
by jain_abhishek
NIFTY MATHEMATICAL LEVELSThese 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 YASHSINCE1995
2
Nifty Intraday Support & Resistance Levels for 26.07.2024On Thursday, Nifty opened gap down but recovered 200 points from the day low and closed at 24406.10. The Weekly trend (50 SMA) and Daily trend (50 SMA) remain positive. As Nifty stayed between the important levels of 24200 to 24450, the support and resistance levels remains the same as mentioned in the last post. Support Levels: Major Demand/Support Zone (75m): 24056 - 24150 (already tested 2 times) Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (75m) for weekly trade: 24607 - 24674 Far Supply/Resistance Zone (15m): 24741 - 24774
NSE:NIFTY
by PriteshPal
#Nifty directions and level for July 26th.Good morning, friends! 🌺🍬 Here are the market directions for July 26th: The global market has a bearish sentiment (based on the Dow Jones). Our local market has a structurally moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, as indicated by the GIFT Nifty, which shows +40 points at 8.00 am. **Nifty:** In the previous session, Nifty closed with a pullback, and today it may continue this trend because GIFT Nifty indicates that. However, if you look at the wave count, every swing has a three-wave count. There are many variations with three-wave structures, but here we can take these two variations for simplicity: 1. **Diagonal Variation:** - In this variation, it shouldn't close the candle above the level of 24,473. If it happens, we can expect a correction. - This means if the market initially declines sharply or, after the gap-up, if it rejects around the level of 24,473, then it may turn into a correction. - However, confirmation is expected from the 38% Fibonacci level breakout in the minor swing. If this happens, we can expect a minimum of 50%, 78%, and 24,175. - If it doesn't break this level, it will continue the moderately bullish sentiment. This is our current variation. 2. **Pullback Continuation:** - In this variation, we could complete the correction to the first three swings from the start of the correction. So, if the gap-up sustains above the level of 24,473, then we can expect pullback continuation with some consolidations. The targets are a minimum of 24,588 to 24,635. This is our alternate variation.
NSE:NIFTY
by Manickamtraders
4
NIFTY Intraday Trade Setup For 26 Jul 2024NIFTY Intraday Trade Setup For 26 Jul 2024 Bullish-Above 24470 Invalid-Below 24420 T- 24685 Bearish-Below 24210 Invalid-Above 24260 T- 24012 NIFTY has closed on a flat note today after a big gap down. It opened directly below sell level however no candle closed below that. 10 o'clock range was to be used as per trade setup. Range broke upside above 24305 and gave a one way move till 24425, risk (last swing low) was around 30 points. If market opens flat tomorrow then we may see continuation of the bullish move above today's high. 24685 will be target as per plotted ABCD. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24465 then we will long for the target of 24685. For selling we need a 15 Min candle close below 24200. T- 24k. 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 Levels | 25-JULY-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
Nifty Intraday Levels | 24-JULY-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
Nifty Intraday Support & Resistance Levels for 25.07.2024On Wednesday, Nifty took support at the 15m Demand zone mentioned in the last post and bounced to 24450 but didn't cross this important resistance. On the lower side, 24200 will play as crucial support. If broken, we might see a further fall in Nifty. As mentioned in the last post (linked in "Related Ideas" below), if 24074.20 (Budget Day low) is not held, the next major support zone is seen at 23667 on the daily chart. Weekly trend (50 SMA) and Daily trend (50 SMA) are still positive. Support Levels: Major Demand/Support Zone (75m): 24056 - 24150 (already tested 2 times) Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (75m) for weekly trade: 24607 - 24674 Far Supply/Resistance Zone (15m): 24741 - 24774 Note: While writing this, GIFTNIFTY is showing 220+ points negative, indicating a potential gap down opening.
NSE:NIFTY
by PriteshPal
NIFTY Intraday Trade Setup 25 Jul 2024NIFTY Intraday Trade Setup 25 Jul 2024 Bullish-Above 24600 Invalid-Below 24550 T- 24855 Bearish-Below 24270 Invalid-Above 24320 T- 24000 NIFTY has closed on a slight bearish note with 0.27% cut today. It was a consolidation day after budget, a normal phenomenon after an event as VIX generally cools off after any event which brings market into overall range. It has formed an inside candle in daily TF so till the time it is inside mother candle's range we will maintain non directional approach. 25600 and 24270 are intra levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and 15 Min candle closes above 24600 then we will long for the target of 24855. For selling we need a 15 Min candle close below 24270. T- 24k. 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