NIFTY MATHEMATICAL LEVELS These 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
Niftytrend
#Nifty levels and direction for July 5th.Good morning, friends! 🌺🍬 Here are the directions for July 5th:
The global market had an oscillation but continues to range based on the Dow Jones. Our local markets are showing a moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 60 points (as of 8:00 AM).
Nifty and Bank Nifty both have the same sentiment. They have been moving in consolidation. Let's look at this.
Yesterday, Nifty reached a new high but did not sustain it. Structurally, there hasn't been a significant correction, as indicated by the global market trends. Therefore, if the market opens with a gap-down today, it may find support at the immediate support level. If this occurs, the consolidation range is likely to continue. This is our first scenario.
On the other hand, if it doesn't find support there or if it consolidates a little around the support, then we can expect the correction to continue.
#NIFTY Intraday Support and Resistance Levels -05/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24320 level and then possible upside rally up to 24440 level in today's session. in case nifty trades below 24280 level then the downside target can go up to the 24160 level.
Nifty Intraday Support & Resistance Levels for 05.07.2024Nifty opened gap-up and made a new all-time high of 24,401 but closed flat with just a 15-point gain. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Small Support/Demand Zone (15m): 24,239 - 24,267
Multiple Timeframe Support Zones near Gap Level (24,123 - 24,207): This indicates that 24,000 - 24,200 will be a major support in the short term, and we might see a bounce from these levels.
Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Support/Demand Zone (75m) for Weekly Trade: 24,056 - 24,150
Support/Demand Zone (15m): 23,985 - 24,912
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Near Small Supply/Resistance Zone: 24,377 - 24,401
Currently, there is no additional supply zone seen on the chart.
NIFTY Intraday Trade Setup For 5 Jul 2024NIFTY Intraday Trade Setup For 5 Jul 2024
Bullish-Above 24410
Invalid-Below 24360
T- 24590
Bearish-Below 24280
Invalid-Above 24330
T- 24090
NIFTY has closed on a complete flat note today. It opened with 80 points gap up and ended at buy level. Till now we have been closing above PDL, close will PDL will give us a hint that bulls are not much interested. But in terms of trading executions we need bearish price action in daily TF after closing below PDL. Chances of a cool off is high as tomorrow is last session of the week, people may book longs as the whole week was in favor.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590.
For selling we need a 15 Min candle close below 24280. T- 24090.
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.
Nifty Intraday Levels | 4-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 !
#Nifty directions and levels for July 4th.Good morning, friends! 🌺🍬 Here are the directions for July 4th:
The global market continues to range based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (as of 8:00 AM).
Nifty and Bank Nifty both have the same sentiment. Let's look at this.
Once again, Nifty broke its all-time high yesterday, but the market couldn't move that much and moved into consolidation in the previous session. As usual, the consolidation may continue the trend. GiftNifty also indicates that, but the structure suggests that today the market may also take consolidation even if it opens with a gap-up. This is our first variation:
That's if the market rejects around the immediate resistance or if the gap-up doesn't sustain, then we can expect a 23% to 38% retracement in the minor swing. After that, if it finds support at either the 23% or 38% levels, then we can expect consolidation followed by a rally continuation. A correction will occur only if it breaks the 38% Fibonacci level. If it breaks, we can expect the next targets to be 50% and 78%.
Nifty Intraday Support & Resistance Levels for 04.07.2024Nifty opened gap-up, making a new all-time high of 24,309.15 and closed at higher levels, gaining 162 points. Both the weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148
Near Support/Demand Zone (15m): 23,985 - 24,012
Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754
Major Support/Demand Zone (Daily): 23,350 - 23,667
Currently, there is no supply zone seen on the chart.
Note: Small Demand/Support zone (5m) is at 24239 - 24260
Nifty weekly expiry analysis for 04/07/2024.Nifty on the daily time frame has formed a doji after a good gap up opening.
Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities.
Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached.
In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone.
Major Resistance :- 24300-310
Support levels :- 24240, 24180
Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements.
The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction.
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 4 Jul 2024NIFTY Intraday Trade Setup For 4 Jul 2024
Bullish-Above 24310
Invalid-Below 24260
T- 24450
Bearish-Below 24200
Invalid-Above 24250
T- 23975
NIFTY has closed on a bullish note with 0.67% gain today. Whole gain is however contributed through gap up and Large cap banks move. Index will be bullish till it closes above PDL and when it will close below PDL then bullish sentiment will be changed to bearish. However confirmation will be a bearish price action in daily TF. Tomorrow's best trade will be on today's range breakout.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24310 then we will long for the target of 24450.
For selling we need a 15 Min candle closes below 24200. T- 23975.
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.
Where is Nifty 50 Headed Next? Is the journey coming to an end? Date: 3rd July 2024
Nifty Elliot Wave Analysis - Daily Time Frame
General Trend:
Since March 2023, Nifty 50 has surged in a remarkable uptrend, skyrocketing from around 17,000 to an impressive 24,300—a spectacular leap of 7,300 points. So, has Nifty 50 reached its limit? Is the journey coming to an end?
Here is our previous analysis, which we posted on June 18th, and we are still using the same wave count.
Ichimoku Cloud:
Applying the Ichimoku cloud to the chart, we see that Nifty 50 is trending above the Monthly, Weekly, Daily, and Hourly clouds. This suggests that Nifty 50 still has more ground to cover. No sign of reversal yet in Ichimoku and Price action.
Elliott Wave Analysis:
Applying Elliott wave analysis to the entire leg of Nifty 50’s journey from March 2023 suggests that we are currently in subwave 3 of Wave 5.
The Wave 5th has already completed its minimum target at 127% (23,898) and is now looking to hit 161.8% (24,600). If this is surpassed, we could see 25,000+ which corresponds to the 200% Fibonacci ratio.
The Nifty trend will change only if the daily candle closes below 23,898.
Disclaimer:
We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Nifty Intraday Levels | 3-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 !
Bullish Price Action in Coromandel: A Long Opportunity?The one-day time frame chart of Coromandel International stock is looking gold due to strong price action. After a breakout, the stock started an upward move, forming higher highs and higher lows twice, which indicates a solid bullish price action. Recently, the stock traded at an all-time high of Rs. 1273.95, followed by some profit booking. If the price follows the trend line and reaches it again, it presents a good entry point for a long position with a target of Rs. 1350 to Rs. 1400.
NSE:COROMANDEL
BDL On the verge of BreakoutNSE:BDL
Good to keep on the radar
As its on the verge of new breakout of Flag n pole
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer
NOT SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
NCC looking good for Short term investment; 20% ReturnFundamentally good stock,
Good For short term investment in cash market'.
Leave a " Like If you agree ".👍
.
.
Entry: 335/ 321
target: 342- 355- 393 - 400
sl: 321
major stoploss / support: 311
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Enter only after breaking & close above " Yellow box " mentioned.
'
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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
Follow for regular updates👍
#Nifty directions and levels for July 3rd.Good morning, friends! 🌺🍬 Here are the directions for July 3rd:
The global market continues to range based on the Dow Jones. Our local markets are showing moderately bullish sentiment. However, today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 80 points (as of 8:00 AM).
Yesterday also, Nifty performed slightly better than Banknifty, and their structures also differ slightly. Let's look at each one individually.
> Nifty was rejected around its all-time high in yesterday's session. Today, GiftNifty is showing a gap-up start, so the market might break the all-time high once again today.
> But if you ask if we can expect a sharp rally if the market breaks the all-time high, structurally the probability is less.
> The wave suggests that if the gap-up sustains, we can expect a diagonal pattern. This means if the market rejects around the immediate resistance level, it could retrace a maximum of 38% to 61%, but it won't break the previous day's low. This is our first variation.
> In this variation, the rally continuation will occur only if it breaks the supply zone with minor consolidation.
Alternatively, if the gap-up doesn't sustain or if the initial market takes a sharp decline, we can expect a range-bound market between the past two trading session ranges.
#NIFTY Intraday Support and Resistance Levels -03/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24150 level and then possible upside rally up to 24270 level in today's session. in case nifty trades below 24100 level then the downside target can go up to the 23980 level.
Nifty Intraday Support & Resistance Levels for 03.07.2024Nifty reached a new All-Time High of 24,236.35 in the opening trade but ended 18 points down at 24,123.85. Both the weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near Support/Demand Zone (15m): 23,985 - 24,012
Far Support/Demand Zone (15m): 23,716 - 23,743
Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754
Major Support/Demand Zone (Daily): 23,350 - 23,667
Resistance Levels:
Small Supply/Resistance Zone: 24,171 - 24,200
Bank Nifty 03/07/2024Scenario 1:
If Open Drive is Gap Up: If Price will test the Level @ 52420 to 52470.
The Price May Reject @ This level (52420 - 470) and Expected to Fall Till 51995 to 51838.
51838 Is the Major Support Level.
It is very Hard to price Break this level.
Scenario 2:
If Open Drive is Gap Down : If Price will test the Level @ 51995 to 51837.
The Price May Reject @ This level (51995 - 51837) and Expected to rally Till 52420.
Nifty Intraday Levels | 2-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 !
Nifty50 (1st July) 1/124087 below closing could 📉 📉 to 24058--24016
23884 support is also pending to test maybe not today, but in coming days
Any closing above 24134 then bullish 📈 📈 ( chances are low )
If sustains above then will update upside levels
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
#NIFTY Intraday Support and Resistance Levels -02/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24160 level and then possible upside rally up to 24280 level in today's session. in case nifty trades below 24100 level then the downside target can go up to the 23980 level.
#Nifty Directions and level for July 2nd.Good morning, friends! 🌺🍬 Here are the directions for July 2nd:
The global market is still showing a slightly negative sentiment based on the Dow Jones. Our local markets are also showing moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows a increase of 50 points (as of 8:00 AM).
Nifty has performed slightly better than Banknifty, and their structures also differ slightly. Let's look at each one by one.
Nifty has reached near its all-time high, so it might face rejection there. However, if the market sustains the gap-up, it may go further.
Here’s our first scenario: that if the market opens with a gap-up and breaks the previous high, the minor supply zone will act as resistance. If the market consolidates or breaks it, we can expect the rally to continue.
Alternatively, if the market rejects at the supply zone or if the gap-up doesn't sustain, we can expect an initial 38% correction. after that If it breaks this level, the correction may continue further. On the other hand, if it doesn't break the 38% Fibonacci level, the market may maintain a bullish bias.