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Niftytrendanalysis

#Nifty"Trading day, April 27th, the global market is indicating a neutral to slightly negative start, with a moderately bullish market sentiment. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. Alternatively, if the initial market consolidates, a diagonal pattern may emerge. However, if the market structurally breaks yesterday's minor low, we can expect a flat correction, which may be complicated in nature. Therefore, if you are a conservative trader, it is advisable to wait for good confirmation."
NSE:NIFTY
by Manickamtraders
Nifty 50 Trading view for 24 APR 2023Nifty 50 rose quickly close to 1000 points over the past few weeks without any retracement until Thursday and Friday which showed some profit booking and long unwinding. This was expected as the resistance was quickly breached without retracement. Monday trade and the week are expected to be range bound between 17800 on the upper side and 17500 on the lower side. If either of these levels is breached, it can offer buy/sell opportunities. Short-Term Levels: Resistance: 1.62 CR Call OI buildup @ 17700 level (STRONG RESISTANCE AT 17700 LEVEL). Support: 0.84 CR Put OI buildup @ 17600 level. 17600 seems to be a crucial level (make or break level) Longterm levels: Strong resistance at 18500 levels (1.25 CR Call OI Buildup). There is also strong support build-up at 17000 levels (0.94 CR Put OI buildup) It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. Interestingly though VIX closed lower the index dropped, which calls us to watch VIX closely for further trades. Overall sentiment seems slightly bullish, but it's important for the index to retain its position above 17600 levels to regain strength in the index. Also, the candle stick pattern shows weakness from the buying side over the past week. Do trade in limited quantities with strict stop loss or hedging options. Wait for the aforementioned levels for pure positional trades. Possible Trading Levels: Important levels to keep in mind: 17800 on the upside and 17500 on the downside. Breach of any of these levels will further encourage positional trades. UPSIDE TRADE: Buy only above 17650 >>>>> Buy ITM 17600 CE. (TGT 17710 | SL 17600) - Risky traders can TGT 17750 DOWNSIDE TRADE: Sell only below 17600 >>>>> Buy ITM 17650 PE (TGT 17550 | SL 17650) - Risky traders can TGT 17520. Things to account for 24 April Thursday 2023 (Weekly Expiry): 1. Reliance results. This is expected to be positive news and can really impact trading on 24th APR. Yet to see how RNEL merger news might impact further during trading. 2. ICICI Bank Q4 Result was declared on the 22nd and standalone Profit jumped 30%. BSE closed 0.8% lower on Friday before the result announcement. This being positive news, stock can expect some buy on Monday. 3. Indusind Bank will declare results expected to be declared on the 24th. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTY
by SunilA75
2
FASP levels for Nifty 24/04/2023The FASP for BankNifty is listed for 24-04-2023. 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:NIFTYShort
by SathishChandrasekaran
#Nifty"Today, April 20th, the global market indicates a slightly positive start, but the market nature is moderately bearish. It may begin with a gap-up, but if it takes a pullback, we can initially expect minor stocks only. If it sustains the pullback, the trend will continue, or if it rejects around a major key level, we can expect a correction. On the other hand, if the initial market declines, we can expect the 5th sub-wave of a diagonal. If the decline takes a sharp and long turn, it is a sign of correction continuation."
NSE:NIFTY
by Manickamtraders
2
#Nifty"Trading day, April 13th: The global market is indicating a neutral to slightly negative start, with a moderately bullish market nature. It may begin with a neutral sentiment similar to yesterday's structure. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. However, if the pullback occurs slowly and consolidates, it could indicate distribution and a correction may be expected when it rejects the major resistance zone. Conversely, if the initial market declines sharply, a correctional wave is likely, and the market should 38% fib level. If the market breaks 38%, we can expect a minimum of 78% to the extension level of 1.27. On the other hand, if the decline doesn't break 38%, it could be a sign of a range market and a continuation of the rally."
NSE:NIFTY
by Manickamtraders
FASP levels for Nifty 13/04/2023The FASP for BankNifty is listed for 13-04-2023. 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:NIFTYLong
by SathishChandrasekaran
Nifty 50 @ 17700 - Make or Break level? READ to know MORE.... Today's Rally was due to buying in Auto, Banks and metal stocks. Also FIIs bought 343 Cr while DII dumped 264 Cr, though the net was positive (79Cr.) Nifty 50 has reached a crucial level 17722. There is a tough fight between bulls and bears at this level to mark their dominance. Total Call OI: 6.66CR Total Put OI: 6.55CR Bulls are relatively a little strong, but the difference is not much. 17700 strike following are the Call OI and Put OI. Total Call OI: 91.85CR Total Put OI: 1.14CR It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. VIX as of today has ended lower, which confirms the positive direction of the market. Also, the candle stick pattern with a higher High and Higher Low plus a small body with a long bottom shadow signals a positive opening with an up-move. But as I mentioned, the market is still at a crucial juncture, and better to trade with limited quantities with strict stop loss or hedging options, until the levels are established clearly for further trades. Possible Trading Levels: UPSIDE TRADE: Buy only above 17750 >>>>> Buy ITM 17700 CE. (TGT 17800 | SL 17680) DOWNSIDE TRADE: Sell only below 17700 >>>>> Buy ATM 17700 PE (TGT 17650 | SL 17740) - Risky traders can TGT 17600. Things to account for 13 APR 2023: 1. HDFC Bank: The country's largest private sector lender has proposed to raise funds worth Rs 50,000 crore via bonds over the next 12 months through private placement. The board will consider the said proposal on April 15. This is after SBI recently announced raising funds via bonds. This means more cash flow for banks in the coming days, whereby lending activities will be intensified. This can be positive news for the stock and Bank Nifty. 2. The upcoming CPI inflation data is expected on Wednesday to be @6% which is the upper tolerance level for RBI. This will be positive news if it remains up to 6%. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTYLong
by SunilA75
#Nifty"Trading day, April 12th: The global market indicates a neutral start with a bullish sentiment. If the initial market takes a sharp pullback, we can expect a rally continuation. and if the pullback takes place slowly and consolidates, that's a sign of distribution, and we can expect a correction when it rejects the major resistance zone. On the other hand, if the initial market declines sharply, we can expect a correctional wave. that should break fib level 38%. and if the market breaks 38%, then we can expect a minimum of 78% to the extension level of 1.27. or if the decline doesn't break 38%, that's a sign of a range market to rally continuation.
NSE:NIFTY
by Manickamtraders
Nifty-12/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ Nifty-12/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 17695 - 17704 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of H-R and SELL with the Rejection of H-R. (or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of PDH and SELL with the Rejection of PDH. Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S and SELL with the Rejection of S. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
Nifty-11/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ Nifty-11/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 17640 - 17649 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S and SELL with the Rejection of S. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
FASP levels for Nifty 11/04/2023The FASP for Nifty is listed for 11-04-2023. 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:NIFTYShort
by SathishChandrasekaran
#Nifty"Trading day, April 5th: The global market indicates a negative start with a moderately bullish market nature. It may start with a neutral to slightly gap-down. After that, if the market breaks the minor support zone, we can expect a 38% Fib level, which is a major support zone. So, if the market rejects this level, we can anticipate a minor pullback that will likely retrace to at least 78% of the Fib level. On the other hand, if the initial market takes a sharp pullback, that's a sign of rally continuation. However, structurally, it might not go much higher."
NSE:NIFTY
by Manickamtraders
FASP levels for Nifty 05/04/2023The FASP for Nifty is listed for 05-04-2023. 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 intraday levels for 31.03.2023Resistance level:17233 Support level : 16999 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level, we can expect upside move and the targets will be fib retracement levels as per chart. If candles are sustaining between resistance and support levels, consider as neutral. If candles are sustaining or break below support level, we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance. *** For quick scalping use 5-minute time frame***** Note: Pls check my previous day ideas for back testing & better understanding Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:NIFTY
by AATHIE