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Niftytrendanalysis

Nifty Intraday Support & Resistance Levels for 19.07.2024On Thursday, Nifty took support exactly at the 15m demand zone (24485 - 24516) mentioned in the last post, broke the previous high, and made a new all-time high of 24837.75 before closing at 24800.85. The weekly (50 SMA) and daily trends (50 SMA) are now overbought. Support Levels: Near support/demand zone (30m): 24599 - 24648 Far support/demand zone (30m): 24504 - 24560 Major support/demand zone (125m) for weekly trade: 24193 - 24357 Major support/demand zone (Daily): 24141 - 24461 There is currently no supply/resistance zone seen on the chart.
NSE:NIFTY
by PriteshPal
#Nifty directions and levels for July 16th.Good morning, friends! 🌺🍬 Here are the directions for July 16th: Global markets are maintaining their range (based on the Dow Jones). Our local market has a moderately bullish trend. Today, the market may open neutral to slightly gap-down, as indicated by GiftNifty, which shows a decrease of 13 points at 8:00 am. Nifty and Bank Nifty have different structures: Nifty indicates a moderately bullish bias, while Bank Nifty indicates a range-bound market. Let's look at each one. Nifty: In the previous session, Nifty maintained a gap-up sentiment, but there was no big movement. Based on the wave structure, it could be a 5th wave, meaning a distribution wave. So, today we might see an initial correction. This is our first variation. Alternatively, if the market pulls back and consolidates or breaks the supply zone, we can expect the rally to continue. in this case, If the market doesn't break the supply zone, it may consolidate between the supply zone and the 38% Fibonacci level in the minor swing. > Without breaking this 38% level, it may maintain a bullish bias. A correction is expected only if it breaks the 38% level in the minor swing. > that means, If it sharply rejects around the supply zone and breaks the 38% Fibonacci level in the minor swing, it may turn into a correction.
NSE:NIFTY
by Manickamtraders
short term trading opportunity in Mothersonsumi for > 20% upsideHi, NSE:MOTHERSON has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Weekly and Monthly 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:MOTHERSON
by raigvivek
Short term trading opportunity in Engineers India for 20% upsideHi, NSE:ENGINERSIN has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly 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:ENGINERSINLong
by raigvivek
1
Nifty Intraday Support & Resistance Levels for 15.07.2024On Friday, Nifty opened gap-up and made a new all-time high of 24,592.20 before closing at 24,502.15. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. Support Levels: Near support/demand zone (15m): 24,331 - 24,384 Far support/demand zone (5m): 24,201 - 24,235 Major support/demand zone (75m) for weekly trade: 24,056 - 24,150 Resistance Levels: Near small supply/resistance zone (15m): 24,560 - 24,580
NSE:NIFTY
by PriteshPal
Short term trading opportunity in bajaj Hindustan for > 20% upsdHi, NSE:BAJAJHIND 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:BAJAJHINDLong
by raigvivek
short term trading opportunity in Bannari Amman for 20% upsideHi, NSE:BANARISUG 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:BANARISUGLong
by raigvivek
Short Term Trading Opportunity in BBTC for 15% UpsideHi, NSE:BBTC has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly 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:BBTCLong
by raigvivek
short term trading opportunity in Greaves Cotton >15% upsideHi, NSE:GREAVESCOT has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly 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:GREAVESCOTLong
by raigvivek
1
NIFTY50 - Weekly Index Analysis - 9th July #nifty50 NIFTY50 Update (as on 9th July, 2024) - Here's an updated analysis on a Weekly Time Frame - As mentioned, if the Nifty rises above these levels; then keep booking your profits in time. Holding your capital is better than holding onto an unnecessary extended loss - Since Nifty is at a psychological level we need to start being extremely cautious and mindful about our portfolio holdings - As always, please keep your SL in play for new positions and for exisiting positions keep your TSL tight - If there is a correction that happens and you'll are sitting on capital, then choose your swing trades wisely at supports zones and position size mindfully - And always remember that corrections are good and should be welcomed for bigger growth and stronger upward moves - India's Growth story will still be on track * Disclaimer Become Emotionless & Trade Ryte #nifty50 #weeklyanalysis
NSE:NIFTYLong
by TradeRyteStockz
Short Term Trading Opportunity in TNPL for 15% UpsideHi, An bullish on-neck Breakout pattern emerged on the Daily chart of NSE:TNPL MACD on daily, weekly and monthly time frame is on the bullish side and RSI is also on the bullish side, so expecting the bullish trend to continue. 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:TNPLLong
by raigvivek
#Nifty directions and levels for July 4th.Good morning, friends! 🌺🍬 Here are the directions for July 4th: The global market continues to range based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (as of 8:00 AM). Nifty and Bank Nifty both have the same sentiment. Let's look at this. Once again, Nifty broke its all-time high yesterday, but the market couldn't move that much and moved into consolidation in the previous session. As usual, the consolidation may continue the trend. GiftNifty also indicates that, but the structure suggests that today the market may also take consolidation even if it opens with a gap-up. This is our first variation: That's if the market rejects around the immediate resistance or if the gap-up doesn't sustain, then we can expect a 23% to 38% retracement in the minor swing. After that, if it finds support at either the 23% or 38% levels, then we can expect consolidation followed by a rally continuation. A correction will occur only if it breaks the 38% Fibonacci level. If it breaks, we can expect the next targets to be 50% and 78%.
NSE:NIFTY
by Manickamtraders
3
#Nifty directions and levels for July 3rd.Good morning, friends! 🌺🍬 Here are the directions for July 3rd: The global market continues to range based on the Dow Jones. Our local markets are showing moderately bullish sentiment. However, today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 80 points (as of 8:00 AM). Yesterday also, Nifty performed slightly better than Banknifty, and their structures also differ slightly. Let's look at each one individually. > Nifty was rejected around its all-time high in yesterday's session. Today, GiftNifty is showing a gap-up start, so the market might break the all-time high once again today. > But if you ask if we can expect a sharp rally if the market breaks the all-time high, structurally the probability is less. > The wave suggests that if the gap-up sustains, we can expect a diagonal pattern. This means if the market rejects around the immediate resistance level, it could retrace a maximum of 38% to 61%, but it won't break the previous day's low. This is our first variation. > In this variation, the rally continuation will occur only if it breaks the supply zone with minor consolidation. Alternatively, if the gap-up doesn't sustain or if the initial market takes a sharp decline, we can expect a range-bound market between the past two trading session ranges.
NSE:NIFTY
by Manickamtraders
#Nifty Directions and level for July 2nd.Good morning, friends! 🌺🍬 Here are the directions for July 2nd: The global market is still showing a slightly negative sentiment based on the Dow Jones. Our local markets are also showing moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows a increase of 50 points (as of 8:00 AM). Nifty has performed slightly better than Banknifty, and their structures also differ slightly. Let's look at each one by one. Nifty has reached near its all-time high, so it might face rejection there. However, if the market sustains the gap-up, it may go further. Here’s our first scenario: that if the market opens with a gap-up and breaks the previous high, the minor supply zone will act as resistance. If the market consolidates or breaks it, we can expect the rally to continue. Alternatively, if the market rejects at the supply zone or if the gap-up doesn't sustain, we can expect an initial 38% correction. after that If it breaks this level, the correction may continue further. On the other hand, if it doesn't break the 38% Fibonacci level, the market may maintain a bullish bias.
NSE:NIFTY
by Manickamtraders
NIFTY prediction for tomorrow 02 JUNEAs we discussed, NIFTY opened sideways and continued in a bullish direction after breaking the trendline, as discussed in the video. If we look at the chart now: The market is trading at the resistance level, where it showed a nice correction last time. Now, the market has made a zone in the range of 23984 - 24154. by the time the market is in the zone, it's going to be volatile sideways. Once it breaks in either direction, it's going to give nice directional momentum. As the market is already stretched, I am expecting the market to consolidate in 1 day or 2, and after that, it might give us good momentum. Support levels: 23984, EMA(50), 23842, and 23692 resistance levels: 24154, 24325 If we look at the OI data: PCR = 1.07 shows the market has bullish sentiment. 24200 seems a good hurdle to the upside; if it breaks, the market is clear to go 24354. 24000 has good PE writing, which is going to provide good support, and 24500 has heavy CE writing, which is going to provide nice resistance. I am expecting the market to consolidate for 1 or 2 days once it breaks the range of 23984 - 24154. it will give a nice momentum. Reason: RSI > 50 shows a mild bullish signal. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 1.07 indicates bulls are continuously increasing their position in the market. price > VWAP shows a Bullish market structure. Verdict: Sideways or Bullish Plan of action: Sell 24100 CE and 24000 PE (Hedge it with 10/- premium)
NSE:NIFTY
by finnova_
#Nifty directions and levels for the June 27th.Good morning, friends! 🌺🍬 Here are the directions for June 27th: There is no significant difference compared to the previous session. The global market is showing a slightly negative sentiment, based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 55 points (as of 8:00 AM). Yesterday, Nifty continued the rally. Both structures have the same extension variation, so there are no changes in the market sentiment. Today, GiftNifty is indicating a slightly negative start. If it opens like this, let's look at what might happen in Nifty. >Structurally, it's a bullish market and both have an extension. According to the extension, if the market opens with a gap-down, it could retrace a maximum of 23 to 38%. After that, if it finds support there, the rally will continue with minor consolidation. >However, the probability of a rally today is less compared to yesterday, as the sub-waves driving yesterday’s rally are now over. If the market finds support at either 23% or 38%, then it may close within the range. >As per the wave structure, it could be in the 4th wave. Alternatively, if the correction becomes aggressive, we should wait for confirmation. If the market declines sharply, it may consolidate around 38% or 50%. After that consolidation, if it breaks the previous low, we can expect the correction to continue. Otherwise, it may maintain the bullish sentiment. (Note: If the market initially takes a pullback and breaks the previous high, then the rally may continue further.)
NSE:NIFTY
by Manickamtraders