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Nifty May Bounce Back if... So yesterday #Nifty washed away previous 2 days' gain. It may happen today once again. On other note, global data showing a bounce back plus, Reliance's new JV with Disney may also contribute to Nifty's bounce back. However, game is simple today. I will be watching 1st hour's candle made and that will decide the direction of market today. If it's high broken we may see a good short covering to 22055/22149 levels. If the lows are broken then further slide to 21874/21732 seems probable. This is also Weekly and Monthly expiry for index and stock options as well. We may also have a range bound day. Yes, everything seems mixed. So play very very carefully. No aggressive trades until Nifty shows a sign of bounce back.
NSE:NIFTY
by Trendxinc
FASP levels for Nifty 29/02/2024The FASP for Nifty is listed for 29-02-2024. 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 prediction for tomorrow 28 Feb 24Let's discuss the NIFTY Expiry prediction for tomorrow which gave a very nice fall today. If we look at the chart now: The market is trading at the support trendline. Also, the market is near 200 EMA, which might provide good support at this point. 21912 has also proven to be good price action support in the past. If we look at the OI data: PCR = 0.6, which shows the bearish market structure. Above the side, there is quite the resistance at 22,000, 22100, and 22200. and there is little support if the current level is broken to the downside. If we look at the FII & DII data, it directly indicates a bearish market structure where pros have heavily shorted options. Now, there are two cases at this point. Case 1 : The market can take support at this support line. And move to the bull side. Case 2 : If the market is broken to the downside. It can give the target till 21587. Reasons: Price-taking support at 200 EMA, which might lead it back to bullish momentum after some consolidation. Price < EMA(13) means bulls are not having much strength. RSI < 40 shows weak bulls strength. OI data PCR = 0.60 shows heavy bearish. FII and DII data show heavy bearishness. Verdict : Bearish Plan of Action: Case 1: Takes support at 200 EMA --> Sell 22000 PE (Hedge it with 20 rs PE) Case 2: If the market is broken to the downside. --> Sell 21900 CE (Hedge it with 20 rs CE)
NSE:NIFTYShort
by finnova_
1
Nifty Intraday Trade Setup | 29th FebToday Nifty opened above 22200 and morning high around 22230 was also a day high. We bought 22300 PE Feb contract at open around 150 and it gave good profit. For tomorrow, buy Nifty if sustains above 22050 for the targets of 22090 and upper marked levels. On the other side, if Nifty breaks 21890 on the downside, we may see 21850 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 22050 Sell Below - 21890 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Nifty levels - Feb 29, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty analysis for 28th feb 2024Nifty is travelling inside a channel. the possible support and resistance is marked in the chart. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets. Do your own analysis or consult your financial advisor before making any investment decision.
NSE:NIFTYLong
by sudeeptalayek
#Nifty directions and levels for FEB 28"Good morning, friends! Here are the directions for February 28th: there have been no changes in the market sentiment. The global market is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +20 point. Nifty closed positively in the last trading session. However, the structure remains in a range market. So today, we will also follow the same sentiment. If the gap-up sustains and breaks the immediate resistance, then we can expect further continuation. However, if it rejects around the immediate resistance or if the initial market takes sharp declines, then we can expect a range market. The correction will occur only if it breaks the fib level 78% aggressively."
NSE:NIFTY
by Manickamtraders
Nifty levels - Feb 28, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
IRB | Multiyear breakout📊 Details IRB Infrastructure Developers Ltd is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. It is also in other business segments in the infrastructure sector, including maintenance of roads, construction, airport development and real estate. Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:IRBLong
by Munish_Jain
10
#Nifty directions and levels for FEB 27thGood morning, friends! Here are the directions for February 27th: The global market is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +25 point. Nifty has undergone consolidation in the last session. The structure is still bullish, so if the gap-up sustains, then today we can also expect a range market. If it breaks the previous high, then only it will go further; otherwise, it will close near where it opened. Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the Fibonacci level 78% (21966). After that, if it finds support there, then we can expect a minor pullback. However, if it also breaks that level, then the correction will likely continue
NSE:NIFTY
by Manickamtraders
26 Feb ’24 — Except Energy, all the other sectors down in N50?Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “We are not suggesting that all “roads lead to Rome theory” i.e. everything is bullish, but the probability of things going up seems higher than cutting through the supports of 22051 & 21913. You know us, the moment the supports are broken, we will exit the bullish position at a loss and go neutral.” 4mts chart Almost all the sectors looked weak today, NiftyIT was the main villain - at a point, it was like 1.7% down. The energy sector ended the day with some meaningful gains, excluding that then everything was either in RED or flat. Interestingly, Nifty did not touch or break the 22051 support level today and due to that we do not think a status change is required. The near ATM CALLs side had exorbitant premiums last week, most analysts would have even extrapolated to have a 22500+ close this expiry. Today’s price action ensured normalcy returned to these CALL premiums. Meanwhile, the PUT premiums are not elevated as well, so we do not expect a major breakout or breakdown soon. On the higher timeframe, the flag pattern seems to have played out as per script. Ideally, we should expect the leg2 to start soon, but the premiums are not indicative. Also, we have the monthly expiry this week and things could get a bit volatile before we find a clear trend. We wish to stay bullish and as soon as the 22051 support gets broken - we wish to change our stance to neutral. If 21913 is getting broken in 1 to 2 days - we would even go bearish as the flag pattern will be totally negated. 63mts chart
NSE:NIFTYLong
by viswaram
Nifty levels - Feb 27, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
#Nifty directions and levels for FEB 26th"Good morning, friends! Here are the directions for February 26th: The global market is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -20 point decrease. Nifty has a consolidation structure followed by a sharp rally, structurally this is a bullish formation. So, even though if the market opens with a gap-down, we can expect a pullback around 38 or 50%. If the market finds support there, then we can expect a range market initially. After that, if the range market breaks to the upside, then we can expect the rally continuation. Alternatively, if the gap-down breaks the fib level 50% or consolidates around there, then the correction might continue, and it will reach the next target fib level 78% with minor pullbacks.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Trade Setup | 26th FebToday Nifty opened around 22300 and morning high was also a day high. We bought 22350 PE Feb contract at open around 200 and it gave good profit. For tomorrow, buy Nifty if sustains above 22300 for the targets of 22340 and upper marked levels. On the other side, if Nifty breaks 22190 on the downside, we may see 22150 and below marked levels on the chart. Also, if Nifty closes below 21960, it may also break the up-trend for short-term. Expectations: Volatile Day Intraday Levels: Buy Above - 22300 Sell Below - 22190 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
23 Feb ’24 — Indices take a pause - yet again. Only to jump up?Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “As soon as the 22051 resistance gave away, we had to change our stance from neutral to bullish. We would now like to see how higher the markets can go, we are assuming the momentum may not take us to 22700 for the monthly expiry.” 4mts chart All 3 indices - Nifty50, BankNifty, and NiftyIT- were stuck in a tight range today, something that we usually see after a fast & furious move. The experts usually call it a flag pattern where a slight downward day occurs after a steaming UP day. Technically a pause also made sense - markets may be recalibrating between the short covering yesterday and a possible long build-up for next week. As long as the global macros remain positive, Nifty should remain charged up and ready to roll. The indices staying flat would have ensured the straddlers would have made some money today, BN was quite shaky though - most likely it would have ended up hitting both stop losses. Nifty was far more stable today. The flag pattern is quite prominent on the higher timeframe. We are not suggesting that all “roads lead to Rome theory” i.e. everything is bullish, but the probability of things going up seems higher than cutting through the supports of 22051 & 21913. You know us, the moment the supports are broken, we will exit the bullish position at a loss and go neutral. Till then we are going to keep looking upwards. 63mts chart
NSE:NIFTYLong
by viswaram
Nifty levels - Feb 26, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
TATA Steel Investing levelIn the context of the weekly timeframe, we observe a significant development: the breach of the 2021 trendline. Subsequently, the price has successfully undergone a retest, a crucial aspect in technical analysis. What adds to the bullish outlook is the presence of a bullish harami pattern at the bottom of this retest. A bullish harami pattern is a two-candlestick formation where a small candle with a bearish close is followed by a larger bullish candle. This pattern often indicates a potential reversal of the preceding downtrend, as the smaller bearish candle suggests hesitation or indecision, followed by a strong bullish move. Additionally, the Fibonacci retracement tool reinforces the positive sentiment by highlighting the 0.38 level as a significant support level. This convergence of multiple technical signals—trendline break, retest completion, bullish harami pattern, and Fibonacci confirmation—strengthens the argument for considering this juncture as a favorable entry point for a bullish position.
NSE:TATASTEELLong
by Anand_7
#Nifty directions and levels for FEB 23Good morning, friends! Here are the directions for February 23rd: The global market is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +40 point increase. Nifty had a solid pullback in the last session. So, if it sustains the gap-up, then structurally, we can expect further continuation. This is the basic structure. If the market consolidates around the supply zone, it may continue further when it breaks. Alternatively, if it rejects sharply around the supply zone, or if the gap-up doesn't sustain, then initially, we can expect a 23 to 38% Fibonacci correction. After that, if it finds support there, it may form a range for a rally continuation. However, if it breaks the Fibonacci level of 38%, then the correction may continue, and we can expect the Fibonacci level of 78% for the correction target with minor pullbacks.
NSE:NIFTY
by Manickamtraders
22 Feb ’24 —Back to winning ways, grass is greener at the Bull’sNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Since Nifty50 fell below our support line, we had to reverse the stance back to neutral. In case Nifty50 climbs back up tomorrow and hits a new ATH, today’s move will just appear as a blip, and the stance will go back to bullish.” 4mts chart Honestly speaking, we fell into the bear trap today as the forenoon session was immensely negative. Look at the first 2 encircled regions. The first circle between open and 09.51 wherein we gave away to the 22051 support. The next 4 candles were also RED and we did not stop till the main support of 21913 was hit. We got our bias wrong as we gave weightage to the price action between 22051 & 21913, we thought the selling may not stop there. The 2nd encircled area was at the 21913 region i.e. from 10.03 to 11.35. When we saw the markets were not cracking further, we adjusted our “short CALL” positions, and as markets started recovering, we trailed the “short PUT” positions to offset the gain in the short CEs. Again our view went absolutely wrong when the markets did not stop at 22051, even though we had a pause between 13.47 and 14.27. What then followed was the dream of an option buyer and a nightmare for option sellers like me. The momentum was so strong that we took out the ATH. Nifty had an intraday swing of 378 points ~ 1.73%. The swing was so wild that it would have taken out any stop loss set on premiums, over the last few days - markets are really testing the nerves of option traders. Between the last expiry and today, N50 has gained 291pts ~ 1.33%. The moves of the last 4 days were recreated in just today’s session - must be a new record. As soon as the 22051 resistance gave away, we had to change our stance from neutral to bullish. We would now like to see how higher the markets can go, we are assuming the momentum may not take us to 22700 for the monthly expiry. 63mts chart
NSE:NIFTYLong
by viswaram
Nifty levels - Feb 23, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe