Get started

Niftyview

CNXIT | ITBEESDisclaimer: 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:CNXITLong
by Munish_Jain
3
NIFTY prediction for tomorrow 05 FEB 24As we discussed in our analysis & on YouTube , it reached the target and then fell. You can also find the analysis on youtube channel link in Bio. Now if we look at the chart: the market is in a rectangular uptrend pattern and is now at the lower support line. Looking at the selling pressure volume in the last session, it was a strong fall from ATH. Now, if it breaks down, it will be going at 200 EMA. Looking at the OI data: PCR = 0.85, which indicates bullish. also next week PCR = 1.0 shows bullishness. the market is leaning towards bulls unless it breaks to the downside of the channel. Upside 22000 is a really strong resistance level. On the downside, the next good support level is at 21500. FII & DII indicate a neutral signal. Now I am expecting market to be either sideways(inside channel) OR bearish (if breaks to downside.) Reasons: Price ~ EMA(13,50) shows mild bullish. RSI ~ 40-60 shows a sideways Market. market is forming HH & HL. Unless the market forms a lower low, the bearish trend is not confirmed. (Neutral -> because of sharp fall from ATH) OI data PCR = 0.85 shows mild bullishness. 21800 seems decent support, but on the upper side, 22,000 is strong resistance. verdict: Sideways in channel AND bearish if breaks to the downside. Plan of action: Go bearish if it breaks to the downside; Target 200 EMA.
NSE:NIFTY
by finnova_
3
Nifty levels - Feb 05, 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 looking bearish with today’s rejection blockThere is a huge monthly value gap sitting between 21137.20-20158.70. This is a big bearish signal considering we haven’t got a pull back from the last high break, meaning this month. We could see the prices come all the way down to 20158.70 before we move back higher. This will be minor pullback on the bullish Monthly Chart. There is a weekly gap near the bottom of that monthly fair value gap which adds more confluence to the idea of a pullback on the monthly chart. The weekly however, is not showing clear Signals Of bearishness, Meaning the prices might still head up a little bit more. On the daily chart, Prices still respected the 16 January 2024 high and we are in the process of forming rejection block with today’s candle. If we see a gap down tomorrow or sustain lower prices, the daily swing low at 21448.85 might be first targets for short-term shots. For the coming 1 to 2 days, I will be looking for shorts on an hourly and 15 minute charts if prices sustain lower tomorrow. This we also lines up perfectly with my bearish bank nifty analysis.
NSE:NIFTYShort
by Ripul012
#Nifty directions and levels for February 2nd.#Nifty Good morning, friends. As of February 2nd, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment also shows a moderately bullish trend. It might open with a gap-up start based on Giftnifty, which shows +170. Nifty has a consolidation structure, so as per the structure, if the consolidation breaks, then we can expect a strong rally continuation. We can anticipate a move up to 78% to SZ(21012). Alternatively, if the market doesn't reach 78% with a solid structure, then it might turn into correction when it reaches 78%. Because if the market reaches there with consolidation, it might be in the 5th diagonal wave. So once the 5th wave completes, it will turn into a correctional wave.
NSE:NIFTY
by Manickamtraders
01 Feb & 31 Jan ’24 — Nifty Not in a Hurry to Go Anywhere YETI was not able to post the report yesterday as got a severe headache and fever. After closing my screen at 15.30 yesterday, got enough strength to open it today morning at 07.46. Seems like the analysis of Tuesday was more or less true even for today as Nifty and BankNifty went nowhere. The Budget 2024 was a 1hr speech, but it had no major changes - it looked like more of a reforms package. India being a developed country by 2047, I seriously cannot understand the relevance it had in the next year’s budget. The sad part is most of us may not be alive 23 years from now. I thought budget was to outline what is going to happen in the next 12 to 15 months. Nifty Analysis - Stance Neutral ➡️ Nifty has made a double top like pattern of which the bottom 2 points were right at the support line of 21491. That means - we cannot say with confidence if the next move will be bullish or bearish. We were all expecting Nifty to pick up a direction today after the budget announcement and since that did not happen - we may have to wait for further triggers. We would prefer to stay neutral till then. 16mts chart Due to the Budget event, the premiums on both Nifty and BankNifty were crazy today morning and only cooled off 90mts post the start. We are quite sure most of the traders would have minted a fair share of money today as whichever OTM strike you chose today, it had 2x to 10x unusual juice today. So even if you did not hold till 0, you would have ended up in GREEN. The only issue was for option buyers who would have expected a directional trend today - they would have gone home seeing their strike decaying value for no reason. 63mts chart Between the last expiry and today, Nifty has gained 317pts ~ 1.48%. Most importantly it has crossed 1 support level of 21491. Another interesting part is the open on Jan 01 was 21732 and the close today is 21697 which means for an entire month Nifty has moved less than 35pts. This also means the kind of amount non-directional traders would have minted this month and the plight of directional and trend followers. Staying in a non directional path also means consolidation. Bulls and Bears are reevaluating their army strength and will soon fight it out - we will get a trending move soon as soon as the balance is tipped. For tomorrow - we wish to start the day with a neutral stance and then re-evaluate based on Nifty’s plans. If we pick a direction, we will definitely update in the TV minds section.
NSE:NIFTY
by viswaram
Nifty levels - Feb 02, 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
PSUBNKBEES | Investment OpportunityDisclaimer: This analysis is for educational purposes only, and I'm not 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:CNXPSUBANKLong
by Munish_Jain
Nifty moving into premium array, might reject and continue downI'm new to ICT concepts and trying to understand the market using that. Now here, NIFTY is moving right into a daily premium array formed by the gap on 17th Jan 2024. If NIFTY rejects of this premium array in the coming days we might fall and target the daily DOL at 21137.20, breakdown of which will indicate the pullback on the weekly chart. However, if it blows through the premium array because of tomorrow's budget news, we might see a pullback after breaking the highs of 16th Jan 2024. Weekly and daily are giving bearish arguments while on the 1h chart, with the break of the intermediate swing high of 23rd Jan 2024 is signaling bullishness in the short term. If the market opens and moves lower into the hourly discount arrays (FVGs), we might see a 200/300 point move up from 21500/21600 - 21800/21900 before falling back.
NSE:NIFTY
by Ripul012
3
NIFTY Special Budget prediction for tomorrow 1 FEB 24As Nifty has been trading in the range 21500-21750. Now, tomorrow is a BIG BUDGET 24 to be announced. If we look at the charts: The market is trading on the resistance level while completing the inverted HNS pattern, which increases the probability of the market going bullish. But unless the market breaks to the upside, don't go for option buying. The market has taken Support at 200 EMA + price action level. If we look at the OI data: PCR = 0.70 shows the neutral behavior of the market, which is okay as the budget is going to be pro-government to focus on the election-winning side. few sectors are going to be beneficial, and few are going to impact negatively. 21700 is MAXPAIN . Both sides are equally tense. Let the market decide what's going to be. PROs and FIIs have shorted the market with heavy quantities, which might force it to open downside. I am expecting the market to touch 22100 again. Reasons Price > EMAs, which shows bullishness. RSI is at the surge to break to upside(60) which is bullish indication. The market is trading its resistance zone, its make-and-break situation. Only go in if the breakout is confirmed. As it's budget day and elections are nearby, the budget has to be good to turn election sentiments to this government side, which might impact some sectors negatively and also some in a positive way. The market can go really wild. So, Play carefully and protect your capital. PRO and FII have been showing negative signals as they have been shorted the market heavily, which might force the market to open downside. And then go bullish. Verdict: Neutral, highly volatile. Plan of action: Wait for 15 min candle. Let the trend be confirmed, then make a position. Protect your profits. The market can turn anytime and will be driven by budget sentiments. Happy trading Keep your capital safe...
NSE:NIFTY
by finnova_
2
#Nifty levels for 2024 union budget."Good evening, friends. Tomorrow, we have a big event: the Union Budget for 2024. It's a significant event, and the market will mostly move based on the sentiment surrounding that event, with less probability for technical analysis. So, I'm just sharing my Fibonacci levels on the one-hour chart. If you want, feel free to use it. And if you'd like to trade on this day, then only spend a partial amount of your capital because the market will provide plenty of opportunities in the upcoming days. All the best."
NSE:NIFTY
by Manickamtraders
1
Nifty levels - Feb 01, 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
AWHCL: Ready for the Next Leg Up.After a robust upside run, AWHCL took a breather with a consolidation phase lasting around two months. This period of sideways movement allowed the stock to gather strength for its next move, and it looks like the breakout is finally here. Technical Analysis: Consolidation Period: AWHCL showcased resilience during the consolidation, indicating a potential accumulation of buying interest. The stock's ability to maintain a sideways range for an extended period is often a positive sign. Breakout Confirmation: The recent breakout is a strong signal that the market sentiment has shifted. The bulls seem to have regained control, and the price action suggests a renewed interest in the stock. Support Test: Today's move is particularly noteworthy as the stock tested a key support level, demonstrating its ability to hold ground even after the breakout. This is a positive sign of sustainability and strength in the current upward momentum. Volume Confirmation: Always keep an eye on volume. An increase in trading volume during the breakout and support test further validates the authenticity of the move. (Note: This is a fictional post for illustrative purposes and does not constitute financial advice. Always conduct your own research before making investment decisions.)
NSE:AWHCLLong
by TTS007
#Nifty directions and levels for January 31st#Nifty Good morning, friends. As of January 31st, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a mixed trend. It might open with a neutral to slightly gap-up start based on Giftnifty, which shows +2. According to Giftnifty, Nifty may open with a neutral start. If the market takes a pullback, it may reach the crucial Fibonacci level of 38% (21620). Structurally, this level is crucial as it indicates a ranging market. If the market breaks this level, only then can we expect a pullback of 61 to 78%. On the other hand, if it doesn't break this level, it may undergo further correction. Alternatively, if the market experiences correction initially, the 21465 level will act as a support. After that correction, if it finds support at this level, then we can expect a minimum of 23 to 38% pullback. However, if it consolidates or breaks this level immediately, then we can expect correction continuation.
NSE:NIFTY
by Manickamtraders
Nifty in Downtrend?We could see that Nifty was unable to close on a positive note today showing chances of a reversal in trend. The channel is being continued even in Gift Nifty as well. Although, the market is waiting for Bullish Budget day announcements, the charts show a negative move. The FII's are also putting Bearish pressure by net Selling their Holdings once Nifty reaches the channel resistance level. Could this be a possible Downtrend or just a retracement for the possible upmove?. I think it's better to wait for fresh buying in Equity, until Budget day is over as the volatility has risen as depicted by India VIX. Share your views as well. This analysis is purely for educational purposes. Do your own analysis before taking any trade decisions.
NSE:NIFTY
by govz2011
Nifty levels - Jan 31, 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