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Niftytrend

Nifty Direction Going forward for next one monthRecently came across this great indicator (rightly got EP note), Adaptive Trend Finder (log), by @Julien_Eche: Per the suggestion, in the Logarithmic chart of NSE:NIFTY , we applied this twice. Once with Long Term trend plotting (light purple channel) and another short term trend (light green channel). Then just for fun, applied @LuxAlgo ECHO forecaster: The result is surprising! (Made sure the Adaptive Trend Finder's short term Auto selected period is set as the Evaluation Window in ECHO and Forecast window set to 20 .. next one month). We found out that #NIFTY price action, per LuxAlgo ECHO prediction for next 20 days going to retest the Adaptive Trend Finder's short term bottom channel!! So per this setup (two Adaptive Trend Finders and LuxAlgo ECHO forcaster in Daily timeframe on Nifty): Nifty going to very range bound for couple of days (24500/24200). Then it shall going to fill up the Yen Carry Trade gap and shall rise upto ~24800-ish level. Then it shall fall back to re-test the short term Adaptive Trend Finders's bottom channel of the 24000/23900 level. There it will exhibit some indications of taking support and bound back (how far? - yet to see).
NSE:NIFTYLong
by pradipandsuvra
1
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NSE:BANKNIFTYEducation
by Optionclub
Nifty Intraday Support & Resistance Levels for 12.08.2024On Friday, as expected, Nifty opened with a gap-up and maintained its strength throughout the day, closing at 24367 with a 250-point gain. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 24079 - 24118 Near Demand/Support Zone (75m): 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835
NSE:NIFTY
by PriteshPalan
Nifty Weekly Analysis For 12-08-24 to 16-08-24Nifty Weekly Analysis For 12-08-24 to 16-08-24 24580-24680 is the Major Resistance for Next Week. 24000-24500 is the Sideways Range for Nifty. XABCD Activated Below 24070. Now Nifty is giveng a Pullback. Short Confirmation is Below 23880 for the Targets of 23680/23480. Long Level for Monday is Above 24500 for the Targets of 24600/24700. Short Level for Monday is Below 24300 for the Targets of 24200/24080. We can see fresh upside move ONLY above 24700. View: Downside to Sideways.
NSE:NIFTYShort
by n99trades
2
Nifty Intraday Levels | 9-AUG-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 09.08.2024On Thursday, Nifty opened gap down, re-entered the 30m Supply zone mentioned in the last post, and fell again to the day's low, almost touching the 75m (Weekly Trade) Demand zone before closing at 24117. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) has turned sideways. Support Levels: Near Demand/Support Zone (75m): 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (15m): 24284 - 24337 Far Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835 Note: As of writing this, GIFTNIFTY is trading 275 points positive, indicating we might see a gap-up opening.
NSE:NIFTY
by PriteshPalan
DECODING NIFTY50's NEXT MOVES - A PROFIT BOOKING COMING SOON ?Nifty50 is continuously hitting fresh record highs at a faster pace tirelessly. There is definitely strong momentum by bulls towards upside but at the same time we can't deny the fact the there's a thing called 'Valuations' which are hinting that markets are modestly overvalued. The run after breakout of 23500 has been tremendous & we have seen Nifty gained more than 1000 points back to back but as per my experience and my view, A profit booking & retracement is pending the the market. So, with that view, I am creating short positions in Nifty far month futures (as premiums are much more there) at CMP 24620. I will add more position between 24800 - 24900 & will hold this position with SL above 25K. I am expecting markets to witness a strong profit booking in coming sessions as markets are extremely overbought already & budget is scheduled in next week. Any negative news in or related to union budget will trigger strong profit booking in market. I have also mentioned targets for my short position in the chart above & tried to decode Nifty's trend for months to come. Let's see what time will show us.
NSE:NIFTYShort
by akshit_official
6
NIFTY Intraday Trade Setup For 9 Aug 2024NIFTY Intraday Trade Setup For 9 Aug 2024 Bullish-Above 24390 Invalid-Below 24340 T- 24650 Bearish-Below 23890 Invalid-Above 23940 T- 23515 NIFTY has closed on a bearish note with 0.74% cut. Since last 4 sessions we are stuck inside 500 points range- 24400 and 23900. We will trade directional only when we get this range breakout. It was sideways with huge volatility, mostly sl hunting moves. We will be neutral and wait patiently for breakout. However above 24450 there can trigger for short covering. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24350 then we will long for the target of 24650. For selling we need a 15 Min candle close below 23890. T- 23515. For selling we need a 15 Min candle close below 23890. T- 23515. 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 | 8-AUG-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 08.08.2024On Wednesday, Nifty opened gap up and entered the 30m Supply zone mentioned in the last post but did not break above it. Nifty stayed within a 150-point range and closed at 24297.50. The weekly trend (50 SMA) is positive, and the daily trend (50 SMA) is now sideways. Support Levels: Near Demand/Support Zone (75m): 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (30m): 24266 - 24348 (current price inside the zone) Far Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835 Note: As of writing this, GIFTNIFTY is trading 180 points negative, indicating we might see a gap-down opening.
NSE:NIFTY
by PriteshPalan
BANKNIFTY Intraday Trade Setup For 9 Aug 2024BANKNIFTY Intraday Trade Setup For 9 Aug 2024 Bullish-Above 50300 Invalid-Below 50190 T- 50900 51450 Bearish-Below 49650 Invalid-Above 49760 T- 48800 BANKNIFTY has closed on a bullish note with 0.75% gain today. It opened with 1% gap up, directly at buy level and got rejected. Overall it was sideways within 500 points range. It has formed a Pinbar candle in daily TF so above 50300 we can expect good bullish reversal move. However overall view is still sell on rise, but now near some confluence zones like PRZ and golden Fib zones. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 50300 then we will long for the target of 50900. For selling we need a 15 Min candle close below 49650. T- 48750. 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:BANKNIFTY
by Omahto
Nifty Intraday Levels | 7-AUG-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 directions and levels for August 7th.Good morning, friends 🌞 Here are the directions and levels for August 7th. Market Overview The global market has been in a minor range, and our local market has a moderate bearish sentiment. Today, the market may open with a gap-up, indicated by a 200-point positive start in GIFTNIFTY. Both Nifty and BankNifty share the same range market sentiment. Let's take a closer look: Even though the previous session opened with a gap-up, it didn’t sustain, and both Nifty and BankNifty maintained their bearish bias. Today also the market may open with a minimum of 150 points positive. What about today? If this happens structurally, it could turn into a range market. Range market movements are usually difficult to predict. However, my expectation is that if the market opens with a gap-up, the 24,292 level will act as immediate resistance. If the market consolidates around there, we can expect a pullback continuation if it breaks this level, with targets expected at 24,364 up to the Fibonacci level of 61%. This is our first variation. Alternatively, if the gap-up doesn’t sustain, it may consolidate within the previous day's range. In this variation, a correction is anticipated only if it falls below the previous low.
NSE:NIFTY
by Manickamtraders
1