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Niftytrendanalysis

Just another perfect Nifty Fib Retracement Intraday SessionNifty open Gap down Negative sentiments reversed within 1st 10 minutes I believe Majority was short in morning considering 30th January 2024 Bearish EOD NiftyReport. That's it! Market makers always looking for liquidity and they found it in the morning itself. Rally started from day low to retrace 0.786 Fib level since previous day high. Chart is enough to understand the how fib retracement works and how Nifty Levels being identified with Fibonacci Retracement. Here is the news flow to justified Nifty & global markets downturn. 1:53 PM: Saudi Arabia's decision on capacity was at least six months in the making based on uncertainty around need for additional capacity - rtrs 1:50 PM: Iran's revolutionary guards chief salami says no US threats will be left unanswered - Tasnim
NSE:NIFTYShort
by SEBIRegistered
Swing Traders Alert: Nifty Outlook for 29/01/2024 - 02/02/2024Technical Observations: Moving Averages: The Nifty index is currently trading below both the 30 SMA and 50 SMA on the 75-minute chart. This indicates a significant weakness in the market, as the shorter-term (30 SMA) and intermediate-term (50 SMA) trends are both bearish. Key Support Level: The market is currently trading below a crucial support level of 21500. This breach suggests increased bearish pressure, and traders should exercise caution when considering new trades. Trading Strategy: Cautionary Approach: Given the observed weakness in the Nifty chart, traders are advised to exercise caution when contemplating fresh trades. It is prudent to wait for more clarity in the market conditions before initiating new positions. Resistance Levels: Immediate Resistance: 21500 The market must break above this level to signal a potential shift in sentiment. Traders can monitor this level closely for signs of a bullish reversal or further weakness. Crucial Resistance: 21700 A break above this level would indicate a stronger bullish phase in the market. Consideration of new trades can be more confident if the Nifty surpasses this crucial resistance. In conclusion, the Nifty index exhibits significant weakness as it trades below key moving averages and a crucial support level. Traders should exercise caution when considering new positions and closely monitor the immediate resistance at 21500. A breach of this level, followed by a move beyond the crucial resistance at 21700, could provide opportunities for entering trades aligned with the evolving market conditions. Stay vigilant, adapt to changing circumstances, and adjust trading strategies accordingly. Disclaimer: The information provided in this analysis is for educational and informational purposes only. It is not intended as financial advice or a recommendation to buy or sell any securities.
NSE:NIFTY
by TTS007
24 Jan ’24 — The Trap Laid by the Bears is Bust Open - Nifty50Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “We broke the 21491 support by 12.24. Just look at the strength of the candles today — 5 RED candles followed by a Doji. Our stance changed from neutral to bearish as soon as the support was breached.” 4mts chart The open was perfect - a good gap-down followed by selling pressure, but the 2nd candle gave it away. By 09.19 - the gap was officially closed and Nifty was steaming with upside momentum. A part of me believed that the rise-up was part of the lower-high creation and that the shape of the bear attack was still intact. My conviction was cemented between 10.35 to 12.39 wherein we dropped 195+ points. What happened next was simply dramatic. Nifty rose 266pts ~ 1.25% between 12.39 to close. In total, it swung 347pts from LOD to HOD, of which 76% came after 12.39. 63mts chart The issue for the bears from the 63mts chart is the W formation (double bottom). To prove they are still in the game, the Bears must create a big fall and ensure an M pattern supersedes the W. Due to the momentum the bulls got today, we are changing the stance from bearish to neutral. The first target would be to take out the 214991 resistance and nullify the 5 RED candles formed on 23rd. If we were to move downwards, the swing low of 21372 has to be taken out tomorrow itself. Hope we have a volatile monthly expiry tomorrow.
NSE:NIFTY
by viswaram
Promising long setup in NMDCA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:NMDC Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:NMDCLong
by raigvivek
Nifty Analysis For Today 16 January 2024In this video, we'll discuss about Today's Market Analysis in Nifty and other segments too. Also will Discuss about Option Chain. Whether you're a seasoned trader or just starting in the stock market, this video will help you in Learning about Market. Let's get right into it! ✅I hope you liked the video. Be sure to hit that LIKE and Follow button and drop a comment. 👍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.
NSE:NIFTYShort
by TheStockMantra
Nifty 50 Outlook : 11-Jan-2024After touching the down trend line (in Red) today, NSE:NIFTY sustained the 21600 level. Also, it broke out from the symmetrical triangle at day end, which is a bullish sign. If it breaks out from the down trend line (in Red) tomorrow and sustains above it, it may be the confirmation of start of a fresh upward leg. If this happens will update the target tomorrow. On the other hand, if it respects the down trend line (in Red) and turns back from there, then it may test the 21500 and 21400 levels in coming session/s. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:NIFTY
by vicky252
#Nifty directions and levels for JAN 12.#Nifty Good morning, friends! Here are the directions for January 12th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +25. Nifty has progressed in sub-wave 4th (motive wave). So, if it opens with a gap-up, we can consider that as the beginning of the 5th wave. It may reach 21,760; after that, if it rejects sharply, then we can complete the 5th wave and anticipate the correctional (ABC) wave. This is the basic structure; however, if the market sustains or consolidates around 21,760, then the 5th might extend. Bearish aspect: As per the long picture, it's a diagonal triangle, so if the gap-up doesn't sustain, then the diagonal triangle might continue.
NSE:NIFTY
by Manickamtraders
2
#Nifty directions and levels for JAN 11th.#Nifty Good morning, friends! Here are the directions for January 11th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +20. Nifty is progressing within the bullish triangle pattern. So, if the market sustains the gap-up, then we can expect pullback continuation with minor consolidation. We can expect a correction only if the market rejects the immediate resistance level with a 38% retracement.
NSE:NIFTY
by Manickamtraders
Weekly Market Report- Bullish Momentum with Key Support at 21500Overview: The market is currently experiencing a bullish phase in both the daily and weekly time frames, with the current trading level at 21700. In-depth analysis on the 75-minute time frame reveals a strong support level at 21500, corroborated by the SMA 50. This suggests a potential consolidation between 21500 and 21800. While the overall sentiment is bullish, it's crucial to emphasize the importance of risk management. Technical Analysis: 1. Bullish Momentum: - Daily and weekly time frames indicate a prevailing bullish trend. - Current market price at 21700 reflects the strength of the upward momentum. 2.Support at 21500: - On the 75-minute time frame, the market has established a robust support level at 21500. - SMA 50 is reinforcing this support, adding to the credibility of the level. 3.Consolidation Zone: - Anticipate a potential consolidation phase between 21500 and 21800. - Traders should monitor price action within this range for potential breakout or breakdown signals. Risk Management: 1.Importance of Risk Management: - Despite the bullish outlook, it is essential to prioritize risk management to safeguard capital. 2.Setting Stop-Loss Levels: - Identify key support levels, such as the established 21500 support, to set appropriate stop loss orders. - Avoiding undue exposure and setting realistic stop-loss levels are integral to risk mitigation. 3.Monitoring Price Action: - Continuously monitor price action and be prepared to adjust risk management strategies based on market developments. - Adaptability is key to navigating potential changes in market sentiment. Conclusion: In summary, the market is currently in a bullish phase, with a strong support level at 21500 indicating a potential consolidation zone. Traders should remain vigilant, employ effective risk management strategies, and adapt to evolving market conditions. While the overall sentiment is positive, it is crucial to prioritize capital preservation through prudent risk management practices. Remember, this analysis is for educational purposes only.
NSE:NIFTYLong
by TTS007
Nifty View - 14 December 2023Nifty has been stronger than BNF today. Since the trend is bullish, it makes sense to enter this trade. 21700 to 21747 market can be sideways. Above 21747, we can see buyers. Target, if bullish, should be 21762 and 21775-21785. Below 21700, we can see bearishness. The target should be 21689. I'm leaning towards bullishness with the multi-day trend - today is a bit tricky as there is no clear intraday trend. I will manage R to R accordingly. A good entry is between 21710 and 21720.
NSE:NIFTYLong
by pr0p
Nice weekly long setup in ICILA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:ICIL Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:ICILLong
by raigvivek
FASP levels for Nifty 26/12/2023The FASP for Nifty is listed for 26-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
FASP levels for Nifty 19/12/2023The FASP for Nifty is listed for 19-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
#Nifty directions and levels for DEC 19th"Good morning, friends. Directions for December 19th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral start based on Giftnifty, which shows +3. The previous sentiment has not changed. Structurally, the market is moving in consolidation (range market), so we should wait for the breakout. If it breaks the immediate resistance, then we can expect a rally continuation. On the other hand, if it breaks the immediate support, we can expect the 3rd minor wave, which might entail some long correction. However, the important thing is the structure; if it forms a solid structure, we can expect continuation; otherwise, the range will persist."
NSE:NIFTY
by Manickamtraders
weekly bullish patter in BGR EnergyA Inverted Head & Shoulder Chart Pattern Breakout happened on the Weekly Time frame of NSE:BGRENERGY Price Action supported by volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. One can initiate the long trade as per the level mentioned on the chart Stop loss will be on a Daily closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for Educational Purpose only.
NSE:BGRENERGYLong
by raigvivek
2
Long setup in NBCCA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:NBCC Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:NBCCLong
by raigvivek
#Nifty directions and levels for DEC 14th"Good morning, friends. Directions for December 14th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a significant gap-up start, creating uncertainty about its exact opening position. Here's the basic structure: if the market breaks the immediate resistance with solid momentum or experiences minor consolidation, then we can expect a rally continuation. On the other hand, if it rejects around the immediate resistance, we can anticipate a correction, but it should break the 38% Fibonacci level."
NSE:NIFTY
by Manickamtraders
Nifty Intraday Prediction Levels for 7 Dec 2023Nifty Intraday Prediction Levels for 7 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. You have to trade according to level breakout or breakdown. If you are a new trader then just watch (No Trade) these levels for some days. Happy Trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:NIFTY
by suraranjanganguli
#Nifty directions and levels for DEC 6th."Good morning, friends🌺! As of December 6th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a gap-up start, considering the GiftNifty value at +60. Afterward, if the gap-up has a solid structure, then we can expect the rally to continue. On the other hand, if the gap-up doesn't sustain or if it reaches the immediate resistance with minor consolidation, then it might turn into a correction. However, we should wait for confirmation to use the Fibonacci levels from yesterday's minor low to the upcoming high. If it breaks the 38% level, then we can expect a minimum 78% swing low."
NSE:NIFTY
by Manickamtraders
#Nifty direction and levels for DEC 5th"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20. Regarding yesterday's structure, despite a significant increase during the last session, the RSI displayed divergence. This signals a slightly negative aspect for the bullish bias. Therefore, if it opens with a gap-down, we might anticipate a 23 to 38% fib correction. If it finds support around that level, the market could shift into a ranging phase before resuming the rally. Structurally, there isn't a major correction anticipated, but sometimes, there might be a time correction. Conversely, if the initial market stages a sharp pullback and breaches the immediate resistance, then we can expect the rally to continue."
NSE:NIFTY
by Manickamtraders
Nifty Intraday Prediction Levels for 1 Dec 2023Nifty Intraday Prediction Levels for 1 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Major Resistances- 20190,20240,20265,20290,20340,20390,20440,… Major Supports-20080,20040,19980,19945,19915,19875,… These levels act as support and resistance. You have to trade according to level breakout or breakdown. If You are a new trader then just watch ( No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
NSE:NIFTY
by suraranjanganguli
Bullish Breakout in Gokaldas exportsA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:GOKEX Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:GOKEXLong
by raigvivek
1