Get started

Niftytrend

#Nifty directions and levels for June 10th.Good morning, friends! 🌺🍬 Here are the directions for June 10th: There are no significant changes in the global market. It is still maintaining a moderately bullish sentiment based on the Dow Jones, while our local market also maintains a bullish trend. Today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 40 points. Nifty and BankNifty both have the same sentiment, with no significant changes in direction. Nifty has closed near its all-time high. Psychologically, this is a major resistance level. The current picture suggests a range-bound movement rather than a clear direction because the immediate resistance levels and wave structures are somewhat uncertain, like a cat on the wall. Let me describe the possible directions one by one. Let's look at the directions: > If the market breaks the level of 23,401, either with consolidation or a solid breakout, we can expect a move to a minimum of 23,503, reaching the supply zone. > On the other hand, if the market sustains the gap-down or if it rejects around 23,401 (if an initial pullback occurs), then we can expect a minimum correction of 38%. >According to the structure, the 38% level could act as strong resistance in a trending market, so if the market finds support around 38%, we can expect the rally to continue with some consolidation. My personal opinion is that if the market takes a correction, we can expect a minimum move to the 78% Fibonacci level. It may consolidate around either the 38% or 50% level, but it won't sustain for long.
Editors' picks
NSE:NIFTY
by Manickamtraders
2
07 Jun 2024 - reclaiming ATHs, saying no to SCAM accuasationsThe most viral stock market news topic is the accusation that Rahul Gandhi made on HM and FM for their speech asking people to buy stocks for June 4th. Everything would have gone well if we did not have the 8.75% crash on 4th June, because the markets did have a beautiful run up till then. The SCAM accusation would have really made sense if we did not have the recovery on 5th, 6th and 7th, because as it stands now the markets are literally up by 3.2% as of 31st May close. I do not know if this follow up buying is actually scam version 2 or not, or is it genuine buying after markets got enough confidence from Modi 3.0. Even if someone bought nifty50 stocks on 03 June and if they did not sell, they are relatively flat as on 7th June - even after the violent swings. Technically we are still maintaining the bullish stance till proven wrong.
NSE:NIFTYLong
by viswaram
Nifty ready for price correction? support at 22900 or more fall?Nifty and BN Analysis - BN has not moved up compared to Nifty up move, reason is Nifty got some boost from IT stocks. on 10th June or few days next week one correction seems to be coming in both N & BN In Nifty once price move below 23200 in spot it could see 22900 I think support might come here between 22900 to 22800 in spot If not Nifty will fall to 22500 to 22400 in spot. In my previous charts showed Infy and TCS taking support and accumulation is visible. It took long time for IT shares to spike up. Big boys who pushed IT shares up were knowing US NFP data ig going to hot and Dollar index will spike and usdinr was higher with RBI support RBI too predicted dollar index spike and its bullish already, But IT stocks move up can not be relied or we can see easy correction before another up move. And in this scenario when dollar index and usdinr moving up BN is very easy to fall or see a healthy correction In this fall Nifty too will see some correction easily.
NSE:NIFTYShort
by venkatfx
2
Nifty & Bank Nifty Analysis For Next Week 10 June-14 June 2024In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities 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! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share 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. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTYLong
by TheStockMantra
Nifty & Bank Nifty Analysis 07 June 2024 + Trading PsychologyIn this video, we'll discuss about 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! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share 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. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTY
by TheStockMantra
2
Nifty50 Support And Resistance 10-Jun-24 Please find below simple resistance and support: This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
NIFYT prediction for today 7 Jun 24As we discussed yesterday, Nifty traded in a sideways-bullish zone. If we look at the chart now: The market is trading in a Bullish sideways market zone. Price has taken support at 200 EMA, and it has also formed a double bottom, which shows the market is in consolidation mode. If it breaks the neckline, you can make a bullish entry after a retracement. Support levels: 22640, 22267, 21850 resistance levels: 22898, 23151, 23307 If we look at the OI data: PCR = 0.82, which has increased from 0.63, shows a bullish sign in the market. 22800 is max-pain. On higher levels, there is much more PE writing compared to lower-side PE writing. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1 : Sideways in range of 22640-22898 Case 2 : On either side, it breaks to the upside. We can target the 23000 level. Reason: RSI > 60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullishmarket structure. PCR = 0.82 has risen from 0.63 and shows signs of bullishness. Price > VWAP shows a Bullish market structure. Verdict: Sideways in range of 22640-22898. bullish if it breaks 22898 to the upside. Plan of action: Case 1 : Sideways: Sell 22650 PE & 22900 CE (Hedge it with 20/- premium options) Case 2 : Exit 22900 CE if the market breaks to the upside.
NSE:NIFTY
by finnova_
Nifty Support & Resistance Levels for 07.06.2024Nifty stayed inside the 15-minute resistance/supply zone mentioned yesterday. Currently, Nifty is above the important level of 61.8% retracement (of the last swing) at 22,553, which is a positive sign. If Nifty can sustain this level, we might see further upward movement. Support Levels: Near Support Zone (75m): 22,213 - 22,372 Far Support Zone (Daily): 21,137 - 21,459 (remains the same) Far Support Zone (Daily): 20,769 - 20,950 Resistance Levels: Intraday Resistance Zone (15m): 22,643 - 22,881 (remains the same) Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70
NSE:NIFTY
by PriteshPal
#Nifty directions and levels for June 7th.Good morning, friends! 🌺🍬 Here are the directions for June 7th: The global market maintains a moderately bullish sentiment based on the Dow Jones, and our local market also follows a moderately bullish trend. Today, the market may open neutrally, as indicated by GiftNifty, which shows a decrease of 8 points. Both Nifty and BankNifty share the same sentiment today. Let's first look at the Nifty chart. Nifty has consolidated around the 78% Fibonacci level. Structurally, we can expect the rally to continue if it breaks the previous high. For more clarity, there is a sub-wave five, which is a distribution wave and might have lower volume. If this occurs, the supply zone will act as strong resistance. However, if the initial breakout at 78% has a solid structure, the rally will continue with minor consolidation around the supply zone. This is our first scenario. The alternative scenario suggests that if the market initially takes a correction, the range market may continue. Typically, the range market corrects only to the 38% level, so if it finds support there, we can expect a pullback wave. Conversely, if the correction reaches the 38% Fibonacci level with a solid structure, the correction may continue further with some consolidation.
NSE:NIFTY
by Manickamtraders
Nifty took today pause after last few session of Huge swingsIndian benchmark witnessed Range bound session after prev day recovery, Nifty remained in opening range after small positive opening The imp upside hurdle is placed around 23k zone whereas downside support is around 22400 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility in 1st half due to RBI Policy outcome Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:NIFTY
by Himanu_HATradeTalk1
06 June 2024 - Nifty above 22781 resistance, slightly bullishOver the last 1 week, Nifty is up only 1.33% ~ 300pts, but we witnessed one of the most violent weeks in the last 4 years. Primarily because the exit polls overshot the expectations which gave a gap up of 3.5% ~ 792pts and then the actual polls came less than expected and this ensured we had a brutal fall of 2062pts ~ 8.84%. Once the dust settled, we retraced the lost ground yesterday and closed at the same levels as 31st May. Today was a decent day, but not without volatility. For some reason or the other, I did not participate in the expiry day trading today, and was more than happy to just watch than do. My forecast for today was a neutral day, but we ended up having a trending day. We rose 201pts ~ 0.89% to close just above the 22781 resistance. Most of you would have seen the Fibonacci retracement levels drawn on the chart yesterday, seems like we are respecting those levels today also - but the resistance cut through is prompting us to change the stance to bullish. The next target would obviously be to take out the ATH. All eyes now would be on the oath ceremony wherein Narendra Modi may be crowned the PM for a historic third term. Read a whatsapp forward that he was Pradhan Manthri for the 2 terms and will be a Pradhan Man-three this time as the coalition is held by 2 other parties TDP and JDU.
NSE:NIFTYLong
by viswaram
Nifty50 Support And Resistance 7-Jun-24 Please find below simple resistance and support: This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma