Get started

Niftytrend

19 Jul 2024 - The first real signs of tiredness, stance neutralNifty Stance Neutral ➡️ Nifty managed to only gain 14pts ~ 0.06% this week, but we hit a new ATH on all 4 working days. The new ATH is 24854, but before we talk about that - the price action of 18th Jul requires special mention. We fell 84pts ~ 0.34% between open & 09.35, then we went up 162pts ~ 0.66% by 10.11. We then fell again 173pts ~ 0.7% by 11.31 and then rose 332pts ~ 1.36% by 14.51. Down-up-down-up, we had 4 mutually contradicting price movements, these are not normal times & the traders who are facing these headwinds are not ordinary either. It really takes so much courage & inner peace to trade with a level head. The price action that followed today was a one way trip, a decent 346pts ~ 1.39% intraday fall after hitting a new ATH of 24854. The only reason I am going neutral from the bullish stance is because of the intensity of the fall today.  If we notice further weakness, I would not relent to go short as well. Honestly, going short has never worked for me in the past 1 year or so - the puts just eat the dust every single time. A bear run will wake up all those dreamers, thats what I feel.
NSE:NIFTY
by viswaram
HFCL looking good; 100% ROI possible; take a lookFundamentally good stock, Good For short term investment in cash market'. Leave a " Like If you agree " .👍 . . Entry: 110 / 105 target: 115- 125- 150 - 195 sl: 95 major stoploss / support: 90 . . Enter only after breaking & close above " Yellow box" mentioned. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Refer old ideas attached below
NSE:HFCLLong
by TheNuraTrading
8
#Nifty directions and levels for July 19th.Good morning, friends! 🌺🍬 Here are the directions for July 19th: In the last session, the Dow Jones fell drastically, indicating a negative bias. Our local market has a mixed bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as indicated by the Gift Nifty, which shows a +10 points. Nifty and Bank Nifty are showing different structures. Nifty has a solid bullish structure, while Bank Nifty is in consolidation. Let's look at this one by one. Nifty: In the previous session, Nifty had a huge movement at the end of the day, making a new high with a solid handle. What’s next? I will explain step by step to help you easily understand. Point 1: If you roughly look at the chart, it shows a solid bullish structure. You can expect the rally to continue if it breaks the previous high. This is the basic structure. Point 2: But even if made a new high with solid candle The RSI did not break the previous high in 4H, 1H, or even 15min. At the same time, the Dow Jones also fell drastically. Point 3: And if u look at the Bank Nifty it did not participate in this rally. but it has a consolidation. If it breaks the consolidation, it may help continue the rally. The probability is uncertain. Considering these three points, it’s complicated to conclude the direction. Here’s my opinion: if the market breaks the previous high and Bank Nifty supports it, we can enter a long position, which may yield better results. Alternatively, if there is a solid breakout candle, you can enter, but the decision is yours. This is our bullish variation. Bearish view: Alternatively, if the market declines initially, we could wait for the 38% Fibonacci level breakout. If it breaks, we can expect a correction of a minimum of 50% to 78%. On the other hand, if it doesn’t break 38%, then it will maintain the bullish bias.
NSE:NIFTY
by Manickamtraders
1
Nifty Intraday Support & Resistance Levels for 19.07.2024On Thursday, Nifty took support exactly at the 15m demand zone (24485 - 24516) mentioned in the last post, broke the previous high, and made a new all-time high of 24837.75 before closing at 24800.85. The weekly (50 SMA) and daily trends (50 SMA) are now overbought. Support Levels: Near support/demand zone (30m): 24599 - 24648 Far support/demand zone (30m): 24504 - 24560 Major support/demand zone (125m) for weekly trade: 24193 - 24357 Major support/demand zone (Daily): 24141 - 24461 There is currently no supply/resistance zone seen on the chart.
NSE:NIFTY
by PriteshPal
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
Nifty Trade Setup: Wave 4th Selling Opportunity, 1:7 RR Nifty Wave Analysis: July 18th 2024 Nifty is going up in extension after the June 4th crash. It clearly looks like Wave 3, and Wave 4 is about to begin. Short Entry : 24587 Stop Loss : 24680 Expected Destinations: 23862 (23.6%) 23370 (38.2%) And max 50% Wave 4 could be a sharp correction, but we can't ignore the possibility of a time-wise correction. Therefore, selling monthly CE with a hedge is safer or Short Nifty Future. Disclaimer: This is for educational purposes only and not for trading. Please do your own analysis before making any decisions.
NSE:NIFTYShort
by WaveMoku
Nifty Intraday Support & Resistance Levels for 18.07.2024On Tuesday, Nifty opened with a gap up and reached a new all-time high of 24,661.25 before closing at 24,613. The weekly trend (50 SMA) is overbought, while the daily trend (50 SMA) remains positive. Support Levels: Near support/demand zone (15m): 24,485 - 24,516 Far support/demand zone (30m): 24,331 - 24,395 Major support/demand zone (75m) for weekly trade: 24,056 - 24,150 There is no supply/resistance zone visible on the chart at the moment.
NSE:NIFTY
by PriteshPal
#NIFTY B R E A K D O W N LEVELS 18/07/2024Price is consolidating in the form of a channel and the movement is in zig zag manner. Now price is at the support of the lower trend line. the market is unpredictable so trade carefully big players try to trap retail buyers and make them foolish be careful because the is in a sideways situation before the budget is announced to ensure your trade is profitable or otherwise don't be traded if not make opportunities 100% guarantee. L E V E L S:- Support-24400 Resistance-24700-24800
NSE:NIFTYShort
by TheGoldenRatio-6
Nifty Intraday Levels | 16-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 Trade Setup For 16 Jul 2024NIFTY Intraday Trade Setup For 16 Jul 2024 Bullish-Above 24640 Invalid-Below 24590 T- 24825 Bearish-Below 24520 Invalid-Above 24570 T- 24325 NIFTY has closed with a slight gain of 0.35% today. It was more or less non-directional day as where it opened is the same place where it closed EOD with an overall range of almost 100 points. It has formed a neutral doji candle in daily TF. Now below its low this candle will act as a reversal trigger. Also if it closes below 24500 then bulls may give up. Above 24640 there can be bullish move. We need a bearish price action in daily TF for a confirmed reversal. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24640 then we will long for the target of 24825. For selling we need a 15 Min candle close below 24520. T- 24325. 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 | 15-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 Prediction for today 15 July 24As we discussed, NIFTY took support at 24344 and had a good bullish run, broke resistance, and sustained to the upside, showing a good bullish nature. If we look at the chart now: The market is trading in the uptrending parrell channel, which has HH and HL, which have a bullish structure. Support levels: 24429, 24128, 23985 Resistance levels: 24577 and Resistance trendline. If we look at the OI data: PCR = 0.86 shows the market has a bullish sentiment. 24500 is Max pain. Lower levels have significantly higher PE writing than CE writing on higher levels, making a bullish market structure. I am expecting the market to be sideways in the uptrend line channel. If the channel breaks down to the downside, a good bearish momentum can be seen till 24188. Reason: RSI > 60 shows the market has a bullish structure. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 0.86 indicates market-bullish sentiments. Price > VWAP shows a Bullish market structure. Verdict: Sideways or Bullish Plan of action: wait for 15 min candle. Wait for good price action on the 24500 levels, and make your positions accordingly.
NSE:NIFTY
by finnova_
#Nifty directions and levels for July 15th.Good morning, friends! 🌺🍬 Here are the directions for July 15th: The global markets are showing a slightly bearish sentiment (based on the Dow Jones). Our local market is maintaining a moderately bullish trend. Today, the market may open neutral or with a gap-up start, as indicated by GiftNifty, which shows an increase of 50 points at 8:00 am. Nifty and Bank Nifty have different structures: Nifty indicates a two-way move, while Bank Nifty indicates a range-bound market. Let's look at each one. Nifty has closed above the all-time high after seven consecutive consolidation sessions. This suggests a solid rally ahead on a normal trading day. However, with the upcoming budget event, even if the market breaks the all-time high again, it is unlikely to go much higher due to current sentiment rather than technical factors. > Based on this sentiment, if the gap-up sustains, we can expect a minimum of 24608 to 24644. After that, if the market rejects around the supply zone, we can expect a reversal of 38 to 78% in the Fibonacci sequence. This is our first variation. On the other hand, if the market doesn't reject there and consolidates, the rally will likely continue further. > Alternatively, if the gap-up doesn't sustain, it may range between the previous day's high and the 4th wave demand zone. In this sentiment, there is no big correction. The correction will continue only if it breaks 24420.
NSE:NIFTY
by Manickamtraders
2