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Niftytrend

NIFTY VIEWNSE:NIFTY NIFTY is giving Breakout BUT IF THIS BO FAILS THEN WE CAN WITNESS QUICK FALL IN MARKET Good to keep on the radar 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 the basis of our research.
NSE:NIFTY
by Trade_Secrets_By_Pratik
3
#Nifty directions and levels for July 29th.Good morning, friends! 🌺🍬 Here are the market directions for July 29th: The global market has a moderately bullish sentiment based on the Dow Jones, and our local market mirrors this sentiment. Today, the market may open with a gap-up, as indicated by the GIFT Nifty, showing +130 points at 8:00 am. Structurally, Nifty and Bank Nifty differ but may both continue their pullbacks today. Let's examine each one: Nifty: Nifty experienced a strong rally in the previous session, which could be identified as sub-wave 3. If the market opens with a gap-up, this 3rd wave may continue towards the 24956 to 25067 range. If the market hits one of these resistance levels and then reverses, we can expect a minor correction forming the 4th wave. Typically, the 4th wave is a consolidation phase, potentially leading to a 23 to 38% retracement in the minor swing. This is our primary scenario. Alternatively, if the gap-up doesn't sustain, we could complete the 3rd wave immediately, and the decline could be considered the 4th wave. There are no significant changes in the 4th wave levels; it could take a maximum of 23 to 38%. However, if the decline has a solid structure and breaks the 38% Fibonacci level, it could turn into a correction.
NSE:NIFTY
by Manickamtraders
2
Nifty SpotWorld market in full green mode expecting a rate cut by US FED as early as September... Nifty also gained 400+ points on last friday and closed @ LTH We are heading to 25000 mark on Nifty Spot... As per trend line on daily charts we see strong resistance zone near 25100-25200 zone... We can initiate shorts near 25100 - 25200 levels using options.. 24588 seems a strong bounce zone. now 24588 levels becomes very important make or break level on closing basis.. Happy Trading... Share...Like... Follow for more updates and ideas....
NSE:NIFTYShort
by emraldconsul
Nifty Intraday Support & Resistance Levels for 29.07.2024On Friday, Nifty broke the resistance level of 24450 in the first 15 minutes, then rallied to a new all-time high of 24861.15 and closed at 24834.85 with a gain of 428 points. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. Support Levels: Near Demand/Support Zone (15m): 24711 - 24734 Near Demand/Support Zone (30m): 24624 - 24657 Major Support/Demand Zone (125m): 24296 - 24426 No supply/resistance zone is seen on the chart as of now.
NSE:NIFTY
by PriteshPalan
Nifty, Nifty, Nifty!!!!Wanna see an interesting thing? This is #Nifty's PCR Ratio (posted on X) which was up on Intraday which is negative sign. Now another thing is Banks and Financial companies have 35% weightage on nifty, collectively. And PSU Banks posted great results. Hence Banknifty looks strong. And as Banknifty is strong so is Nifty bcz of the weightage shared. Now we have contradictory view = 1. Technical Data says - Negative. 2. Macro says - Positive. Plus, all the stocks in Nifty almost looks overbought. Which indicates a correction is needed. Now we have 2 negative points and 1 positive. Right? Now Friday's upmove was a short-covering move and not long buildup. FII is still there with 34% short positions open in Index. So unless the friday's move scares them away and they exit their shorts, a new high on Nifty is hard to come. And we need it to come. Now we have 3 negative and 1 positive. So what to do now? Completely avoid Index trading for next 2-3 days. Watch and observe if Bulls are able to scare away the bear with New high with a closing basis. If that happens, we will enter in 2nd phase of trend. You remember i told you how many phases a trend has in that #RVNL video? Yeah, so you got it what I am saying! However, when Intraday data is Negative and Macro data is positive, so what to do in this situation? How to trade? Well, a correction is needed to ensure bulls continues and that is pending. If that happens, don't immediately enter in shorts. Wait and watch if market makes a reversal from its 20DMA. If that happens, we start adding longs and enjoy the run. If not, we better take our SL and wait for this tug of war to settle. Remember, in the market stock is not your friend but the STOP. Take care.
NSE:NIFTYLong
by Trendxinc
#Nifty August 1st week directions and levels.Good Evening, friends! 🌺🍬 Here are the market directions for the first week of August: Global and Local Market Overview Both global and local markets have a moderately bullish sentiment. This trend may continue this week. Last Friday, the global market closed up by 1.5%, so we might start this week on a positive note. Let's look at the details. Nifty * Last week, Nifty had big swings and closed around its previous high. On Monday, the market may open with a gap-up, according to Gifty Nifty. If this happens, we can expect the bullish sentiment to continue. Nifty is currently in the 3rd wave, which is a long upward trend. After this wave completes, there may be a small correction of about 23 to 38%. If the rally continues, it will enter the 5th wave, which is usually not as sharp. This is our basic structure. * Means the 3rd wave might complete around 24,956 or 25,067. If it hits resistance at these levels, the 4th wave may begin, characterized by a small correction. After retracing, if it finds support around the 38% level, the rally may continue into the 5th wave, with targets ranging from 25,143 to 25,377. This is our current view. * The alternate view is a flat correctional variation. I labelled it based on theory, but I will explain it simply. We said earlier that the 4th wave is a consolidation wave, so it can take a maximum of 38% correction. However, if the 4th wave falls sharply and breaks the 38% Fibonacci level, it may turn into a deeper correction. If that happens, we can expect a correction of 61 to 78% in the minor swing. This is our alternate view.
NSE:NIFTY
by Manickamtraders
2
NIFTY Intraday Trade Setup For 29 Jul 2024NIFTY Intraday Trade Setup For 29 Jul 2024 Bullish-Above 24870 Invalid-Below 24820 T- 25180 Buy_2- From 24600 Invalid-Below 24550 T- 24800 NIFTY has closed on a bullish note with 1.24% gain last week, closed at record high. 23 Jul sell off was absorbed and bulls took complete charge. 25K is at a striking distance. 25335 will be a confluence zone as per FIB extensions and all other levels may fade out due to strong bullish sentiment. If we get a pullback buy setup above 24870 then we will long for the target of 25180. 24600 will be a strong intra support. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24870 then we will long for the target of 25180. 2nd buying can be done from 24600 level. T- 24800. 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 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