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Niftytrendanalysis

medium term trading opportunity in Shardha InfraprojectsHi, NSE:SHRADHA has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:SHRADHALong
by raigvivek
medium term trading opportunity in M&M for > 25% upsideHi, NSE:M_M has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:M&MLong
by raigvivek
Short term trading opportunity in Bajaj Finserv for > 15% upsideHi, NSE:BAJAJFINSV has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates . Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:BAJAJFINSVLong
by raigvivek
Medium term trading opportunity in ABFRL for > 25% upsideHi, NSE:ABFRL has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:ABFRLLong
by raigvivek
Medium term trading opportunity in Escorts for Very Good ReturnHi, NSE:ESCORTS has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:ESCORTSLong
by raigvivek
#Nifty directions and levels for September 20th.Good morning, friends! 🌞 Here are the market directions and levels for September 20th. Market Overview: Global markets are showing a bullish trend, as indicated by the Dow Jones, while our local market has a moderately bullish outlook. Today, the market is expected to open neutral to slightly gap-up, with SGX Nifty suggesting a positive move of around +30 points as of 8 AM. In the previous session, both Nifty and Banknifty experienced a solid breakout, but it didn’t sustain. Structurally, this indicates a diagonal pattern, meaning the trend is bullish, but momentum may be limited. This is one variation. On the other hand, if the market declines, it could turn into a correction. Let's look at the charts for more insight. Nifty: Current view: The current view suggests that if the market declines after some initial pullback, we can expect a correctional target at the 38% Fibonacci level on the downside. Structurally, it may not sustain there. However, if a solid pullback occurs, the market could form a range-bound structure between the previous high and the current low. This is our first variation. Alternate view: Alternatively, if the gap-up sustains, we could expect the market to reach the level of 25,561. If it consolidates or breaks this level, we might see a further move up to 25,643. On the other hand, if there is a sharp rejection at this level, it may retest the previous bottom.
NSE:NIFTY
by Manickamtraders
1
Nifty Analysis for Tomorrow (intraday Trading Setup-options)Today market opened Gapup but not sustained. After 2 Pm price created a support and at the time closing bounce little bit and closed so tomorrow morning possibility of a Gapup. How to Trade - 1. If opens Gapup and falls but sustain today's low and then a bounce is expected after support creation.(High probability) 2. If opens Gapup/flat -moves upside and unable to hold at upper levels then there will be a selling on rise day.( Less probability) 3. If opens Gapup/flat -moves upside and test next resistance and hold at High level then bounce will be expected. 4. If opens gapdown or falls to next support then also bounce will be expected after support creation (highest probability)
NSE:NIFTYLong
by jain_abhishek
Nifty Analysis for Tomorrow (intraday Trading Setup-options)Today market opened Gapup but not sustained. After 2 Pm price created a support and at the time closing bounce little bit and closed so tomorrow morning possibility of a Gapup. How to Trade - 1. If opens Gapup and falls but sustain today's low and then a bounce is expected after support creation.(High probability) 2. If opens Gapup/flat -moves upside and unable to hold at upper levels then there will be a selling on rise day.( Less probability) 3. If opens Gapup/flat -moves upside and test next resistance and hold at High level then bounce will be expected. 4. If opens gapdown or falls to next support then also bounce will be expected after support creation (highest probability)
NSE:NIFTYLong
by jain_abhishek
#Nifty directions and levels for September 19th.Good morning, friends! 🌞 Here are the market directions and levels for September 19th. Market Overview: Both global markets and our local markets are still showing a moderately bullish trend. Moreover, today the market is expected to open slightly neutral to gap-up, with SGX Nifty indicating a positive move of around +70 points as of 8 AM. In the previous session, we observed differing performances between the Nifty and Bank Nifty. The Bank Nifty had a solid rally, while the Nifty underperformed and closed in the negative. Typically, we might interpret this as a continuation of the negative bias; however, today the SGX Nifty is indicating a decent positive start. Therefore, if the market sustains the gap-up and breaks the previous high, we can follow that direction. However, I am starting with a negative bias because theory suggests that. Let's look at the charts. Nifty: Current View: The current view suggests that if the initial market declines, we can expect a minimum correction level of 38% on the downside. After that, if the market breaks or consolidates around the 38% mark, the correction is likely to continue. On the other hand, if there is a solid pullback, we can anticipate a minimum target of 61% to 78%. Simply put, if the bounce-back breaks the 38% level in the minor swing, we can anticipate reaching the 61% to 78% levels next. Alternate View: The alternate view suggests that if the gap-up sustains, there may be some consolidation between the previous high and the previous day's closing price. If it breaks the previous high, the rally is likely to continue. However, we should wait for the breakout for directional movement.
NSE:NIFTY
by Manickamtraders
2
#Nifty directions and levels for September 17th.Good morning, friends! 🌞 Here are the market directions and levels for September 17th. Market Overview: Global markets continue to show a moderately bullish trend, as indicated by the Dow Jones, and this sentiment is reflected in our local market as well. Today, the market is expected to open with a gap-up, with SGX Nifty suggesting a positive move of around +30 points as of 8 AM. Current view: There haven't been any significant changes in the previous sentiment, so I'll explain it simply. Nifty is showing a moderately bullish structure, which means consolidation. If the market rejects around the immediate resistance, it may continue this sentiment. A solid rally is expected only if the immediate resistance is broken convincingly. Alternate view: Alternatively, if the market starts negatively, the demand zone will act as strong support. If the market finds support there, it could form a range between the previous high and the downside demand zone. A deeper correction is expected only if the demand zone is broken convincingly.
NSE:NIFTY
by Manickamtraders
Nifty Market Analysis for 16 September 2024On September 16 (Today) NSE:NIFTY opened gap up by 50 points, indicating positive momentum at the start of the trading session. The immediate resistance level for Nifty is observed at 25,415. If the index manages to sustain above this resistance, the next crucial resistance levels to watch are 25,502 and 25,535. On the downside, failure to hold above 25,415 could result in a decline toward the support range of 25,311 to 25,275. Immediate Resistance: 25,415 Nifty Day’s Support: 25,311 to 25,275 Nifty Day’s Resistance: 25,502 to 25,535 Disclaimer: This analysis is based on current market data and technical indicators. It is not a recommendation to trade or invest. The stock market is subject to risks, and prices can fluctuate due to various factors. Please consult with a financial advisor before making any investment decisions.
NSE:NIFTY
by Stable_Logic
Markets Gear Up for FED: Nifty & Bank Nifty Reflect OptimismNifty has created a 500 points flag pattern on a 30 mins chart, breakout is above 25385 level, if thats done then we should see a strong move till 25800-26200-26400 levels. Bank Nifty has to catch up, it has also shown strength in last week, 52200 is a crucial zone, any close above it will give Bank Nifty open doors for 53150 level and above that 54150 level can be seen. On down side we can see 51700 - 51400 as strong support
NSE:BANKNIFTYLong
by Nimble_Pesos
medium term trading opportunity in Sundaram FastenersHi, NSE:SUNDRMFAST has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:SUNDRMFASTLong
by raigvivek
Nifty Market Update: Symmetric Triangle Pattern in FormationOn September 12, 2024 (Today), NSE:NIFTY opened with a gap-up of more than 100 points, showing early bullish momentum. The index is now trading within a range and appears to be forming a symmetric triangle pattern, indicating potential breakout action. Key levels to watch are the day’s support at 24,978.20 and at 24884.85 and resistance at 25,141.15. A breakout above or below these levels could set the tone for the next trend. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always consult a professional before making trading / investment decisions.
NSE:NIFTY
by Stable_Logic
1
#Nifty directions and levels for September 11th.Good morning, friends! 🌞 Here are the market directions and levels for September 11th. Market Overview: Global markets are maintaining a moderately bearish trend, as indicated by the Dow Jones, while our local market has a moderately bullish sentiment. However, today, the market may open neutral to slightly gap-down, as SGX Nifty is indicating a negative move of around -30 points at 8 AM. In the previous session, Nifty had a solid pullback, but Bank Nifty behaved differently, as it didn't pull back as much. Today’s basic structure suggests a minor correction, which we can analyze in the charts. Nifty: In the previous session, Nifty closed more or less at the same level it opened, even though there was a long pullback. This is what we usually refer to as range-bound market movement. The market remains in a range. What about today? > If the gap-down sustains, we can expect a 50% to 61% correction in the minor swing, potentially forming a three-wave structure. > A solid correction is expected only if it breaks the 61% level. If it does, then the next target is 78% and 24834. On the other hand, if it doesn't break, the market will likely form a minor range between the previous day’s high and the 61% downside level. Alternate View: An alternate scenario suggests that if the market opens with a gap-up or if the initial movement is a solid pullback, it may reach the 78% Fibonacci level, especially if it breaks the previous day’s high. > In this case, if it doesn't break the previous high, the market may consolidate around that level.
NSE:NIFTY
by Manickamtraders
Nifty 50: Critical Support Zone at 24,460 The market is currently hovering near key Fibonacci retracement levels, with 24,460 acting as a strong support zone. This area aligns with the 0.618 Fibonacci retracement from the recent rally, providing a significant level for buyers to potentially step in. The market has already tested the 38.2% retracement level and held above it. Key Scenarios: Gap-Down Scenario: If the market opens with a gap down near the 24,500 level, we may witness a bounce-back, leading to a green candle that could move towards the current closing price. The 24,460 support level is expected to hold, making this a critical area for a potential reversal. Flat or Slight Gap-Down Opening: Should the market open flat or with a small gap-down, we could see a red candle that may extend to the 24,460 level. This would likely be the lowest point before buyers step in, supported by both the 0.618 retracement and the rising trendline visible on the chart. Gap-Up Scenario: If the market gaps up and holds the current closing price (24,857.50), there’s a possibility of testing the 25,000 level. A successful breakout above this could signal further momentum, potentially leading to a rally towards 25,600. Conclusion: The 24,460 zone remains a strong support level, while 25,000 acts as the next major resistance. A break above 25,000 could initiate a continuation toward 25,600, while a gap down will test the 24,460 support and it should most likely hold if nothing worse happens around the world. Disclaimer: This idea is presented solely for educational purposes and should not be considered financial or trading advice.
NSE:NIFTY
by strategystack
Short term trading opportunity in Edelweiss fin for > 30% upsideHi, NSE:EDELWEISS has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:EDELWEISSLong
by raigvivek