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Nifty level - Feb 14, 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
1
#Nifty directions and level for FEB 13Good morning, friends! Here are the directions for February 13th: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a slightly gap-up start, as indicated by Giftnifty showing a +50. Nifty has some corrective banding waves. If the initial market declines, then we can expect a further bit of correction. After that, if it takes support around 21561 or 61%, then we can anticipate a minimum of a 23% to 38% pullback wave. On the other hand, if it consolidates or breaks that level solidly, then the correction will continue. Alternate view: However, in the last trading session, Nifty fell 250, and the RSI shows divergence with the formation of a minor diagonal pattern. So, if the gap-up sustains, then that pullback will continue with minor consolidations. However, the fib level of 38% is a major resistance zone, so if it rejects sharply, we can expect further correction.
NSE:NIFTY
by Manickamtraders
1
FASP levels for Nifty 13/02/2024The FASP for Nifty is listed for 13-02-2024. 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 levels - Feb 13, 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 viewIn Nifty Daily time frame its takes a support from 21700 level and made a inside candle in last trading session, if we can see in RSI then its looks like a divergence in price pattern. As per RSI if Nifty will be bearish then it has to break the 21700 level and make a lower low which is the next support of 21500 level. and we can see 21000 level if its going as a down side momentum. you can see all level are given in this photo bellow. Note : All the given ideas are education purpose only keep investing wisely. #nifty #banknifty #trending #trading #stockmarket #nse
NSE:NIFTYShort
by rasmiranjansahu
#Nifty Direction and levels for FEB 12Nifty has formed a solid pullback structure around the 50% Fibonacci level. Structurally, it might continue, but it should break the Fibonacci level of 38%. If the market breaks the 38% Fibonacci level with a solid structure, then we can expect further pullback continuation with minor rejection. However, if the market opens with a gap-down or rejects around 21842, then structurally, we can expect a range market. The continuation of the correction is only expected if it breaks the swing low.
NSE:NIFTY
by Manickamtraders
Nifty levels - Feb 12, 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 9.Good morning, friends! Here are the directions for February 9th: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty showing a -25. Nifty had a sharp correction in the last session. So, if the market breaks or consolidates around the Fibonacci level of 50%, then we can expect the correction to continue. However, my personal opinion is that if the market opens with a gap-down, it may form a diagonal pattern. It's a distribution wave, so it might move with less volume. Once the market finds support around 50%, then we can expect a minimum of a 23% to 38% pullback wave. Alternatively, if the initial market takes a sharp pullback, then it might consolidate between yesterday's low and the Fibonacci level of 38%. We can expect further pullback only if it breaks the 38% level.
NSE:NIFTY
by Manickamtraders
Nifty Prediction for tomorrow 9 Feb 24As we have discussed, Nifty has had a bearish structure for the past 2-3 sessions. Nifty was moving in a symmetrical triangle pattern, which is a neutral pattern. Today, it has broken down to the downside, the same as we have been discussing. Now, if we look at the chart: The market has successfully broken to the downside and has retraced 200 EMA, and a sharp fall came after that. The Market had good pullback from level 21670 provided price action support in the last 30 min with a very good volume surge. The upper side of 200 EMA will provide a nice resistance level. if we look at OI data: PCR = 0.69 shows a market bearish structure. MaxPain = 21700 has a very nice PE Writing, which will be acting as a good support zone; also confirmed by the Price Action level. Lower side 21500 also has nice PE writing, which indicates the next strong level of support. If bears are able to break 21700 to the downside, I am expecting the market to fall till 21500. Reasons: Price < EMAs. which indicates a bearish market structure. (Bearish) Breakdown of the symmetrical triangle pattern to the downside confirms the market's bearish structure. (Bearish) 200 EMA is working as a good resistance point. Also, rejected price with incremental volume. (Bearish) OI data PcR = 0.69 is mild Bearish. RSI ~ 40 shows weak bull power. (Bearish) EMA(13, 200), bearish crossover. (Bearish) Verdict: Bearish Plan of action: Sell 21700 CE if 21700 is broken to the downside. (hedge it with 20 rs CE)
NSE:NIFTYShort
by finnova_
Nifty levels - Feb 09, 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 levels - Feb 08, 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 Intraday Trade Setup | 7th FebToday Nifty opened with a gap up around 21830 and after consolidating it gave a breakout above 21850 which was also out buy level and Nifty gave a rally towards 21950. Yesterday we also posted an idea about a Fall around 10:00 am and we saw 70 - 75 points sharp decline from 21850 levels. For tomorrow, if Nifty sustains above 22000, we expect to see 22040 and upper marked levels. On the other side, if Nifty breaks 21850 on the downside, we may see 21800 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 22000 Sell Below - 21850 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
4
#Nifty directions and levels for FEB 7."Good morning, friends! Here are the directions for February 7th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty showing a +110. Nifty has a pullback structure as expected from the last session. So, there are no changes in the direction. If the market breaks the immediate resistance (22041), it may continue the rally further. Alternatively, if it rejects at either 22041 or 22081, then we can expect a correction ranging from 38% to 61%. This also indicates a bullish sentiment, suggesting an initial range-bound market before the continuation of the rally.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 07 Feb 2024NIFTY Intraday Trade Setup For 07 Feb 2024 Bullish-Above 21970 Invalid- Below 21920 T- 22150 22350 Bearish-Below 21720 Invalid-Above 21770 T- 21525 21315 NIFTY has closed on a bullish note with 0.72% gain today. Nothing triggered as per trade setup today. It has revered yesterday's sentiment and chances are high that there can be bear trap above 21970 tomorrow. We will exit the short trade initiated below 21800. Best trade will be above 21970 on a flat opening for a fresh ATH. 21700 is now the last hourly swing low below which bearish price structure will be initiated. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21970 then we will long for the target of 22150 and 22350. For selling we need a 15 Min candle close below 21720. T- 21525 and 21315. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto