TV18BRDCST LONG BUYTV18BROADCAST LTD - LONG BUY @ 43
Fundamentally - Strong
Technically - Strong
news based stock, so follow the sudden bullish in big rally book profits and eyes on watch.
FII & DII Seasonal players.
Niftytrend
#nifty directions and levels for June 21st.Good morning, friends! 🌺🍬 Here are the directions for June 21st:
There are no significant changes in the global or our markets. They are maintaining a moderately bullish sentiment. Today, the market may open neutral to slightly gap-up, as indicated by GiftNifty, which shows an increase of 3 points (as of 8:00 AM).
Range-Bound Market:
Both Nifty and BankNifty consolidated in the previous session, and this may continue today. However, if the market breaks out of this range, we need to be prepared.
Bullish sentiment:
> We previously discussed that the market is in the 4th subwave. This is still the case, so we expect a range-bound market today.
> If the market breaks the range on the upside, we can expect the 5th wave rally. However, the 5th wave is a distribution phase,
> so even with an upside breakout, the market might not move significantly.
> A sharp rally can be expected if the market breaks the immediate resistance effectively or consolidates around it. Otherwise, significant movement is unlikely.
Bearish sentiment:
The same sentiment applies on the downside. If the market finds support at the immediate support level, the range will likely continue. If it breaks the immediate support, we can expect the correction to continue.
#NIFTY Intraday Support and Resistance Levels -21/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23610 level and then possible upside rally up to 23730 level in today's session. in case nifty trades below 23560 level then the downside target can go up to the 23440 level.
Nifty Intraday Support & Resistance Levels for 21.06.2024Nifty reacted exactly from the 15m demand zone and the 5m supply zone mentioned yesterday. If Nifty opens flat or gap-down and breaks yesterday's low of 23,442, we might see a fall to 23,369 and below. The weekly trend (50 SMA) is positive, but the daily trend is still sideways.
Support Levels:
Near Support/Demand Zone (15m): 23,334 - 23,369
Far Support/Demand Zone (15m): 23,297 - 23,329
Further Far Support/Demand Zone (15m): 23,232 - 23,268
As the 75m trend (50 SMA) has turned sideways from an uptrend, it is advised to take confirmation entries for long trades at demand/support zones.
Resistance Levels:
Minor Supply/Resistance Zone (15m): 23,607 - 23,624
NIFTY analysis for today 21 Jun 24As we discussed, NIFTY traded in a sideways roller coaster with huge volatility inside the provided channel.
If we look at the chart now:
The market is trading inside the indecisive channel zone. By the time it's in the channel, it's going to be a roller coaster sideways. If the market breaks the channel to the downside, it may lead to a good fall till 200 EMA . Inside the channel, it can again show good volatility, big up and down candles.
Trade the market with proper risk management.
Support levels: 23474, 23379, and 23340 or EMA(200)
Resistance levels : 23622, and upper resistance trendline
If we look at the OI data:
PCR = 1.19, which has increased from 0.97, shows a bullish sign in the market. 23550 is max-pain. 23600 also has significant good CE writing that will provide good resistance. Higher levels have lower CE writing than lower lower put writing. The market is not able to make a Higher high. However, as bulls are not able to push the market to the upside, it might lead to a short correction.
I am expecting the market :
Case 1 : Sideways bullish in channel.
Case 2 : Good momentum either side it breaks.
Reason:
RSI is 40-60, showing sideways structure.
Price < EMA(13) and Price > EMA(200), which indicates weak bulls market
PCR = 1.17 has increased from 0.97 and shows signs of bullishness and an increase in the bull's strength.
Price > VWAP shows a Bullish market structure.
Verdict: Neutral
Plan of action:
Case 1 : Sideways: Sell 23500 PE & 23600 CE (Hedge it with 10/- premium options)
Case 2 : Keep both inside channel. Exit the opposite side on either side, and it breaks.
Nifty on Radar, View for 20-JuneAfter making a new high the price has closed below the trend line. Also the formation of divergence between the price and rsi has formed. The probability of a retest is very high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty Elliot Wave Analysis 2020-24 - With Subordinates CountingWe received many requests to count the Nifty chart with subordinate counts and potential targets. Here is our Elliott Wave count with detailed markings.
We are open to discussing this in detail. Feel free to comment!
Regards,
Team WaveMoku
#Nifty directions and levels for June20th.Good morning, friends! 🌺🍬 Here are the directions for June 20th:
There are no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open neutral to slightly gap-up, as indicated by GiftNifty, which shows an increase of 10 points (at 8:00 AM).
Nifty Analysis
Nifty and Bank Nifty structures are different, but the subwaves are the same, currently in sub-wave 4. Here’s the breakdown:
Previous Session:
Nifty had high volatility. We discussed a diagonal pattern in the 5th wave, and a sharp rejection suggested a possible correction. This correction happened in the previous session.
Current Structure:
Nifty is forming a flat correction variation, a time-adjustment correction pattern.
Today's Expectation:
The market may move in two ways. Even if it opens with a gap-up, a correction to 23,442 and 23,380 is possible. This is the final leg of the flat correction, so if support is found at these levels, a bounce back is expected.
Alternative Scenario:
If the market sustains the gap-up, it may consolidate between the previous high and the previous close, resulting in a range-bound market.
#NIFTY Intraday Support and Resistance Levels -20/06/2024Nifty will be FLAT opening in today's session. After opening nifty start trading Below 23560 level and then possible downside rally up to 23380 in today's session. in case nifty trades Above 23560 level then the upside target can go up to the 23680 level.
NIFTY prediction for today 20 JUN 24As we discussed, NIFTY traded in a sideways roller coaster with huge volatility inside the provided channel.
If we look at the chart now:
The market is trading indecisive in a bullish zone. By the time it's in the channel, it's going to be a roller coaster. If the market breaks the channel to the downside, it may lead to a good fall till 200 EMA . Inside the channel, it can again show good volatility, big up and down candles.
Trade the market with proper risk management.
Support levels: 23474, 23379, and 23340 or EMA(200)
Resistance levels : 23622, and upper resistance trendline
If we look at the OI data:
PCR = 0.97, which has decreased from 1.91, shows a weak bullish sign in the market. 23500 is max-pain. The market does not have much resistance to the upside till 24000. However, as bulls are not able to push the market to the upside, it might lead to a short correction. Also, a significant fall in PCR shows weakness in bulls.
I am expecting the market :
Case 1 : Sideways bullish in channel
Case 2 : Bearish if the market breaks the channel to the downside.
Reason:
RSI < 50, falling to doenside. if it crosses the 40 to the downside, it might lead to a bearish market.
Price < EMA(13, 50) and Price > EMA(200), which indicates weak bulls market
PCR = 0.97 has decreased from 1.19 and shows signs of weakness in the bull's strength.
Price < VWAP shows a Bearish market structure.
Verdict: Neutral
Plan of action:
Case 1 : Sideways: Sell 23500 PE & 23600 CE (Hedge it with 10/- premium options)
Case 2 : Exit PE if it breaks the channel to the downside.
Nifty Intraday Support & Resistance Levels for 20.06.2024Nifty continued its upward journey and made a new All-Time High of 23,664 on Wednesday but closed negative at 23,516. The weekly trend (50 SMA) is positive, and the daily trend is still sideways.
Support Levels:
Near Support/Demand Zone (15m): 23,412 - 23,470
Further Down Support/Demand Zone (15m): 23,334 - 23,369
Far Support/Demand Zone (15m): 23,232 - 23,268
As the 75m trend (50 SMA) has turned sideways from an uptrend, it is advised to take confirmation entries for long trades at demand/support zones.
Resistance Levels:
Near Supply/Resistance Zone (5m): 23,611 - 23,636
NIFTY Intraday Trade Setup For 20 Jun 2024NIFTY Intraday Trade Setup For 20 Jun 2024
Bullish-Above 23670
Invalid-Below 23620
T- 23865
Bearish-Below 23400
Invalid-Above 23450
T- 23190
NIFTY has closed on a slight bearish note with 0.18% cut today. It was a volatile day as it opened with a gap up and then strong sell off came once again it recovered and made a fresh day high. If today's high is not crossed tomorrow morning then it can be a bearish day tomorrow. However since 10 Jun index has been trading between the plotted channel. We need breakout for a good trendy move or else it will continue choppy moves.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23670 then we will long for the target of 23865.
For selling we need a 15 Min candle close below 23400. T- 23190.
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.
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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 on Radar, View for 19-JuneToday we have a small hanging man candle on the top of the trend and with this we have a breakout of the trendline.
But still I will go for the Intraday trade, I will not carry any overnight position.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
#Nifty directions and levels for June19th.Good morning, friends! 🌺🍬 Here are the directions for June 19th:
There are no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (at 8:00 AM).
Nifty has been maintaining consolidation even if it opens with a gap-up. Today may follow a similar pattern. If the market opens with a gap-up, it may consolidate around the supply zone. The rally will continue only if it breaks the supply zone with consolidation or a solid candle breakout occurs. This is the basic structure.
An alternate view from wave analysis suggests that we are currently in the 5th diagonal wave, which is a distribution wave. Structurally, the market is moving accordingly. If the market sharply rejects around the supply zone, we can expect a minimum retracement of 38% in the minor swing. After that, if it breaks the 38% level, it may turn into a correction.
#NIFTY Intraday Support and Resistance Levels -19/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23580 level and then possible upside rally up to 23700 level in today's session. in case nifty trades below 23550 level then the downside target can go up to the 23430 level.
Nifty & Bank Nifty Analysis For Today 19 June 2024In this video, we'll discuss about Yesterday's Market Movement and Today's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
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Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
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Nifty Intraday Support & Resistance Levels for 19.06.2024Nifty made a new All Time High of 23,579.05 on Tuesday. The weekly trend (50 SMA) is positive, and the daily trend is sideways.
Intraday Support Levels:
Near Support/Demand Zone (15m): 23,444 - 23,473
Near Support/Demand Zone (15m): 23,334 - 23,369
Far Support/Demand Zone (15m): 23,297 - 23,329
Currently, there are no visible supply/resistance zones on the chart.
Nifty Bank Update 🚀 Nifty Bank Index Update 🚀
Current Price: 50,479.30
Key Highlights:
Price broke above key resistance level 📈
Trading well above the 20 EMA (50,326.89), maintaining a bullish trend 📊
MACD confirms bullish momentum 💹
Next target: 50,953.75 📌
Stay tuned for more updates! 🔍
#NiftyBank #StockMarket #Trading #Investing #MarketUpdate