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Nifty Intraday Trade Setup | 20th Jan '24Today Nifty opened with a gap up around 21600 and after forming a high at 21670 it remained in a range 21640 - 21575 for the whole day. For tomorrow, buy only if Nifty sustains above 21725, expecting an up move towards 21770 and above marked levels. On the down side, Nifty has to break 21550 for further downside towards 21510 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 21725 Sell Below - 21550 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
Nifty levelsNifty 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 prediction for today LIVE 19 JAN 24As we discussed NIFTY yesterday, it opened a gap down, and then buyers showed a nice momentum to the upside but sadly could not hold it. Support became the resistance and resulted in a sideways. If we look at charts now, 21380 provided massive support in that region. so now the market has created a range in 21380-21500. A break in the range will decide the next moment in the market. If we look at the OI data, PCR = 0.80, which is neutral. And monthly PCR = 1.1, which means bulls are still holding their positions, and yesterday, it was more PE writing than CE writing. That shows 21380 activates the bull's buying pressure. The break of the range will decide the momentum in nifty today. Reasons: Price < EMAs; also price ~ EMA(13) that means makret is bearish also in bearish ZONE. RSI ~ 40 means bulls are weak right now. (sideways or bearish) OI data PCR ~ 0.80, which is neutral for the market. Range break will decide the market momentum. 21450 will be acting as MAXPAIN for bears. Once it's broken to the downside, a good target can be achieved. Price < VWAP shows the bearish structure of the market. Verdict: Sideways or Bearish Sideways in the range 21380-21500. if it breaks to the downside, it will go to a bearish target of 21238. Plan of action: For today, the market is going for CE selling, as a sideways possibility is also there. You will be able to hold your positions firmly.
NSE:NIFTY
by finnova_
5
Nifty Intraday Trade Setup | 19th Jan '24Today Nifty opened with a gap down around 21400, Nifty tried to break a resistance zone 21480 - 21500 on upside but we saw a sharp selling in morning and Nifty made a low at 21285. However, we also saw a good recovery from lower levels and Nifty closed above it's opening price which is a positive point. For tomorrow, buy only if Nifty sustains above 21530, expecting an up move towards 21570 and above marked levels. On the down side, Nifty has to break 21400 for further downside towards 21360 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 21530 Sell Below - 21400 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 - Jan 19, 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
MIDHANI has exhibited remarkable strength in the recent selling MIDHANI has exhibited remarkable strength in the recent selling market, showcasing its resilience and potential for further upside. Yesterday's breakout, shared in our group, highlights the stock's robust performance. Despite broader market conditions, MIDHANI has maintained a strong trajectory, reflecting its underlying strength. Technical Analysis: Uptrend Confirmation: MIDHANI is currently in a strong uptrend, demonstrating its ability to withstand market pressures. The consistent upward movement signals positive sentiment and investor confidence. Consolidation Period: After a consolidation phase lasting around 3 months, MIDHANI formed a classic rounding bottom structure. This pattern suggests a potential reversal from a downtrend to an uptrend and is often indicative of a bullish trend reversal. Breakout: Yesterday, MIDHANI successfully broke out of the consolidation range, confirming the validity of the rounding bottom pattern. This breakout is a powerful signal, indicating a shift in momentum and a potential start of a new bullish trend. Maintaining Strong Levels: The stock is currently holding above the breakout level, showcasing resilience and confirming the newfound bullish momentum. This stability is a positive sign for traders and investors looking for a sustained uptrend. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always do your own research before making any investment decisions. Trading involves risks, and past performance is not indicative of future results.
NSE:MIDHANILong
by TTS007
#Nifty directions and levels for JAN 18th"Good morning, friends! Here are the directions for January 18th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing a -160. HDFC Bank's results' impact is still ongoing. Structurally, we can expect a pullback around the major support level. If it rejects, then we can anticipate a minimum of 38% to 61% pullback. On the other hand, if it breaks or consolidates around the major support level, the correction is likely to continue."
NSE:NIFTY
by Manickamtraders
NIFTY prediction for tomorrow 18 Jan 24As we discussed NIFTY yesterday, "Sideways in the channel if they break to the downside, will turn BEARISH." It opened the downside and gave a very nice bearish moment. For tomorrow, if we look at the chart and OI data, it's a very bearish situation. if we look into OI data PCR = 0.55(weekly) and 0.80(for next week included.) that means monthly is still neutral. If we look at the chart, 21500 is a very good support ZONE, which has been providing support multiple times. This time, it might also take support from there. But on the above side, EMA(200) will be providing resistance at (21650). I am expecting it to take a retracement, and then it will fall again. There are two main possibilities right now. that have been marked on the chart. On the other hand, it has broken the pattern to the downside. If, after retracement, there is volume pressure to sell, it will fall to the next levels of 21250 and 21000. but for now, the main hurdle is 21500. I am expecting the market to take minor support at 21500, and if after that it starts falling and breaks 21500 to the downside, a good fall in the market can be expected. Reasons: Price < EMAs, which indicates the bearishness in the market. RSI < 40, oversold zone shows bulls are weak at this point. So some retracement and then again fall is expected. Price < VWAP that shows bearishness in the market. RSI is showing bullish divergence (marked as Blue), which means 21500 is highly likely to provide minor support. Once the RSI is adjusted, it might fall again. but for now, the RSI needs to be adjusted. OI data shows PCR = 0.55 which is huge bearish. Verdict: Bearish (21500 minor support); if breaks to the downside after retrace. Plan of action: Wait for 15 min candle. Make position how it behaves at 21500 PA.
NSE:NIFTYShort
by finnova_
17
Nifty levels - Jan 18, 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 | 17th Jan '24Today Nifty opened with a minor gap down around 22090 and after making a low around 22030 we saw an up move towards 22124 and then profit booking from upper levels. Nifty took support around yesterday low 21970 and then we saw a consolidation. For tomorrow, buy only if Nifty sustains above 22125, an up move towards 22165 and above marked levels. On the down side, Nifty has to break 21960 for further downside towards 21920 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 22125 Sell Below - 21960 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY Prediction for tomorrow 17 JAN 24As we discussed NIFTY yesterday, it will be going 22100, and then it will settle there. The market did reach the level, and then, because of resistance there, it reversed back. Again, took support is at a day's low. If we see selling candles had a higher volume than buying candles. That shows the market will be turning bearish soon. We have marked a zone of today's highs and lows. If the market breaks the zone to the downside, then selling can be seen in the market. The best points to make an entry will be either entering at high (22100 rejection) or entering at the breakdown (today's low). According to the OI data, PCR 0.8 dropped from 1.51(yesterday). Shows sellers are becoming aggressive at higher points(~22100). Also, in today's 2nd half, there is no new PE writing. Only CE selling happens at higher levels (22000 and 22050). Also, there was a huge PE unwinding at higher levels (22100). Also, it has faced rejection from the resistance trendline. I am expecting a bearish market in tomorrow's session. Reasons: Price got a rejection from the resistance trendline. It should continue its momentum to go downwards as marked on the chart. (sideways or Bearish) Price > EMA(200) and VWAP require some consolidation or correction at this point (also discussed yesterday). (sideways or Bearish) OI data shows a huge decrease in PCR from 1.51 -> 0.80, which shows huge bearishness in the market—an indication of a reversal. RSI has also dropped to the 40-60 range, which is sideways, but if it falls below 40, it will turn into a bearish market. Verdict: Sideways in the channel, if they break to the downside, will turn BEARISH Plan of Action: Keep neutral position IRON CONDOR inside range AND Go bearish with sell 22000 CE Sell (with Hedge protection)
NSE:NIFTYShort
by finnova_
2
Nifty levels - Jan 17, 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 50 Outlook : 11-Jan-2024After touching the down trend line (in Red) today, NSE:NIFTY sustained the 21600 level. Also, it broke out from the symmetrical triangle at day end, which is a bullish sign. If it breaks out from the down trend line (in Red) tomorrow and sustains above it, it may be the confirmation of start of a fresh upward leg. If this happens will update the target tomorrow. On the other hand, if it respects the down trend line (in Red) and turns back from there, then it may test the 21500 and 21400 levels in coming session/s. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:NIFTY
by vicky252
Nifty weekly analysis and levels for 15/01/24.An engulfing candle on the weekly close is good for the index as it has closed near the new high. The coming week can give a bullish move too. It has started trading above the resistance level of 21800 and closed somewhat 100 points higher after the break out. Major support levels :- 21720, 21600 and 21500 Still market is trading above the break out, either it will continue the up move or will show a break out failure. Watch for the market as there are chance of it testing 22k levels first and then giving a retracement. Initiate trade as per the setup and price action. Indicator may show otherwise in smaller time frame. So go for higher time frame for analysis.
NSE:NIFTY
by TheMamboMomentum
NIFTY Prediction for tomorrow 16th JAN 24As we discussed yesterday, "it will reach 22100, and then it will face resistance there". If we look at the chart data right now, It has touched 22100. also, right now, it's trading at the resistance trendline, which will provide resistance from here. According to OI data, PCR = 1.51, which is super bullish. On the upside, there is no resistance. All levels have very low CE Writing. OI data shows it's very bullish right now. 22000 has HUGE PE writing, which will be providing very nice support. The market is trading at the upper region of the channel. There are high chances of settling the market here. I expect the market to go sideways. There is not much target left according to the price action. Reasons: Price> EMAs show bullishness in the market. But EMA(13) >> EMA(200), which indicates the market is stretched. RSI = 80, which shows the market is overbought. Also, the RSI is showing a bearish divergence. That might lead to some correction in the market. Price (22100) > > VWAP (21700) shows Price is not balanced with volume data. It might lead to correction for some points. The Market is continuously making HH and HL. Shows very good strength of the trend. But it requires some consolidation here. According to Extended Fib, retracement shows a 1.414 level as 22138, which is exactly at the resistance trendline. According to OI data, there is too much PE writing today. There is very minimal CE writing at the upper level, 22100 is showing MAX PAIN. Also FII and PRO shows bullishness in index option data. Verdict: Bullish might have some consolation at the resistance trendline. Plan of Action: Wait 15 min candle; make position according to levels marked at chart.
NSE:NIFTY
by finnova_
2
Nifty levels - Jan 16, 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 prediction for tomorrow 15 JAN 24As we discussed, NIFTY would be "Sideways unless it breaks the range to either side." on Friday, it broke to the upside and gave a really nice bullish rally. People who Bought CE or sold PE might have made good money. For tomorrow all important levels have been marked on the chart. If we look right now, it's trading ALL-TIME-HIGH, which might lead to a 22,000 target. If we see the charts, we are on the way to touching the resistance trendline. Once it reaches there, it will face resistance. GIFTNIFTY is already showing 21975 closing in the last session. The upper range to go nifty is 22100. So, I expect it to go up and then from 22100 settle down. If we see OI data PCR = 1.40 which shows highly bullish indications for upcoming sessions. 22000 is having significantly good resistance level lets see how the price action behave there. MAX Pain for now is 22000. Tomorrow it might open gap-up and then reach 22100 and then correct for some points that might lead to a sideways market too. Reasons: Price > EMA(13,50,200) which shows price have strength. The bulls are in control. (Bullish) EMA(13,50) crossover shows bullishness in the Market. RSI is above 60, which means it's in the Bullish zone. RSI is showing good strength in trend. OI data PCR = 1.40, which is highly bullish. It's a very good sign of bullishness. VWAP > > Price shows that the price is not volume balanced. It's obviously bullish. But if it goes further, you have to correct some points to get balanced. The Market is continuously making HH and HL. Shows very good strength of the trend. Verdict: Bullish Plan of action: Wait for 15 min Candle; and then make position based on price action levels marked on chart.
NSE:NIFTYLong
by finnova_
2
Nifty levels - Jan 15, 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 JAN 12.#Nifty Good morning, friends! Here are the directions for January 12th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +25. Nifty has progressed in sub-wave 4th (motive wave). So, if it opens with a gap-up, we can consider that as the beginning of the 5th wave. It may reach 21,760; after that, if it rejects sharply, then we can complete the 5th wave and anticipate the correctional (ABC) wave. This is the basic structure; however, if the market sustains or consolidates around 21,760, then the 5th might extend. Bearish aspect: As per the long picture, it's a diagonal triangle, so if the gap-up doesn't sustain, then the diagonal triangle might continue.
NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Trade Setup | 12th Jan '24Today Nifty opened with a gap up around 21700 and we booked profit in BTST trade we took yesterday. Nifty faced rejection at 21725 which was a strong resistance zone and we got a good fall in morning towards 21640 which was our buy level for today. For tomorrow, if Nifty sustains below 21590 we expect to see more downside towards 21550 and below marked levels. On the down side, Nifty has to break 21725 for further upside towards 21760 and upper marked levels. Our biased it bearish and we are looking for fall tomorrow below 21590. Expectations: Volatile Day Intraday Levels: Buy Above - 21725 Sell Below - 21590 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTYShort
by InvestPro_India
3
NIFTY prediction for tomorrow 12 JAN 24As we discussed, Nifty has been moving in a sideways range-bound market in the range of 21500 and 21750. also, today, it took very nice support from 200 EMA and activated buyers. But once it's moving in the range, it could not be better for option buyers. Right now, the only you can do is option selling with IRON CONDOR. If we look at OI, we can see PCR = 0.7, which is leaned to the bear side. The market has shown a bearish structure this whole week. There are higher chances to break it to the downside. If it breaks to the downside, I am expecting it to fall nicely; otherwise, I will be playing range-bound for Selling options. Also, the market has formed an insider candle on the day's time frame. Unless this insider candle is cleared, I am expecting it to be range-bound between 21500 and 21750. Reasons: Price > EMAs shows the market still has a good bull control. (Bearish) RSI ~ 50 increasing means bulls are trying to get the market to go up. But still RSI = 40-60 means still sideways. Once it breaks to RSI(60) upside, We can expect a nice bull move. (Bearish) If we see OI 21650 and 21700 have a huge resistance wall, it means huge CE writing at those levels. (Bearish) 21600 is MAX PAIN. If it breaks to the downside, a good fall can be seen in nifty till the level of 21120. (Bearish) Verdict: Sideways unless breaks the range to either side. Plan of action : Right now, you can go for IRON CONDOR. for range 21500-21750. OR Sell 21750 CE and sell 21500 PE (Hedge with 15rs PE and CE)
NSE:NIFTY
by finnova_