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Nifty weekly expiry intraday levels for 11/01/24.Nifty is still holding on to the crucial support of 21500. There is volatility in the market and chances are it will remain in the area until is trades outside 21500-21800 range. Tomorrow is weekly expiry of the index and if the volatility remains the same avoid trading. Major support :- 21500, 21420, 21300 The last hour recovery is creating confusion whether down trend is confirmed or not. Bullish trades should only be entered once the ATH is taken out. Early entry can be created with a proper R:R ratio. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty Intraday Trade Setup | 11th Jan '24Today Nifty opened flat and we saw a sharp down move towards 21450 but it didn't sustain below 21470 which was our sell level, after consolidating near 21500 - 21470 support zone we saw a good rally in afternoon session. For tomorrow, if Nifty sustains above 21640 we expect to see upside towards 21680 and upper marked levels. On the down side, Nifty has to break 21450, which can take Nifty towards 21410 and lower levels. Range is bigger for tomorrow in Nifty weekly expiry, trade cautiously. Expectations: Volatile Day Intraday Levels: Buy Above - 21640 Sell Below - 21450 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 11, 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 Today 10 January 2024In this video, we'll discuss about Today's Market Analysis in Nifty and other segments too. Also will Discuss about Option Chain. Whether you're a seasoned trader or just starting in the stock market, this video will help you in Learning about Market. Let's get right into it! ✅I hope you liked the video. Be sure to hit that LIKE and Follow button and drop a comment. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
NSE:NIFTY
by TheStockMantra
#Nifty directions and levels for JAN 10."Good morning, friends! Here are the directions for January 10th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty showing a -45. Nifty exhibits a triangle structure. If it finds support around 21500 or the demand zone, we can anticipate a pullback. This pattern suggests a breakout followed by a pullback wave, although confirmation signals are advisable. If the upcoming pullback breaks the Fibonacci level of 38%, we might consider it a minor reversal, with a target set between 61% to 78%. Conversely, if it fails to find support or breaches the demand zone at 21466, the correction will likely continue."
NSE:NIFTY
by Manickamtraders
Nifty Intraday Trade Setup | 10th Jan '24Today Nifty opened with a gap-up, after consolidating it triggered a buy trade above 21640 and made a high around 21724 which was near to our final target. In second half we saw the rejection which was expected and a sharp fall of more than 200 points from a day high in Nifty towards 21517. For tomorrow, if Nifty sustains below 21470 we expect to see more downside towards 21430 and below levels. On the upside, Nifty has to break 21645, which can take Nifty towards 21675 and higher levels as marked on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21645 Sell Below - 21470 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTYShort
by InvestPro_India
1
NIFTY prediction for tomorrow 10 Jan 24As we discussed, Nifty has been moving in a sideways range-bound market in the range of 21500 and 21750. right now, it is on a support line. If it breaks to the downside, it can achieve a nice bearish target. But as we can see, it had formed an insider candle in the time frame. According to the OI data, PCR is 0.65 overall. The market has shown a bearish structure for the past 3 days. 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 Selling options. Reasons: Price < EMAs shows the bearish market. If it falls, a good target can be achieved. (Bearish) RSI has dropped to the bearish zone (<40), which shows very weak bulls in the market. (Bearish) OI data shows PCR = 0.65, which is assumed to be the bearish market condition. Today, CE was added in large quantities, which can be seen in the daily OI change. There is a huge CE writing on levels 21600, 21650, and 21700. (Bearish) 21500 is MAX PAIN. If it breaks to the downside, a good fall can be seen in nifty till the level of 21120. (Bearish) At the time of fall, volume is quite high today, but once it came to support a good volume of CE unwinding (Bearish) Verdict: Bearish Plan of action: Bearish if it Breaks the 21500 level to the downside; otherwise, wait for PA at 21500. Note: PA = Price Action
NSE:NIFTYShort
by finnova_
09 Jan ’24 — For a moment we thought the bearish had vanishedNifty Analysis - Stance Bearish ⬇️ Recap from yesterday: “The breach of the upper trend line of the ascending channel is quite visible in the higher time frame. Ideally, it is not a pure bearish signal as we are technically still in the bull market. We are changing the stance to bearish from neutral for the ultra-short-term only. If Nifty50 manages to crawl back up the top line — we will have to reverse the stance to neutral.” 4mts chart link Why did we really gap-up 144pts today? Was it because of the US markets which closed in strong green yesterday? Seriously we do not see any other reason and what it did was to scare the bears. The bears who had shorted 21500, 21600, and 21700 CE were on their toes today, shocked by the gap-up followed by a rising price action till 12.35. The real deal was to watch the top line of the channel - N50 did not have enough power to surpass it and the longer it stood there, it was easier for the bears to regain control. We then fell a whopping 205pts ~ 0.95%. Even though we did not close in the RED, the price action in the afternoon rhymed with yesterday's bearish call. 63mts chart link Interesting price action formed at the current levels. Seems like where we are right now is a crucial support/resistance zone that could decide the next trend. Our call of bearishness will continue until N50 can break through the channel top line.
NSE:NIFTYShort
by viswaram
Nifty weekly levels for intraday trading 08/01/24.Weekly candle is a doji and has closed near the previous candle close. Nifty is in a bull run. There will be some movement around the ATH of the market. It has closed just 20 points lower on the weekly charts. 61.8% fib levels is still around the daily close. The market has been consolidating and can continue to consolidate. Major upside resistance :-21820(ATH) Supports are ther in the market around :-21640, 21585 A downtrend will be confirmed only once the market starts closing below 21500 levels. The last hour candle is showing positive sentiment and trade only on price action with calculated risk.
NSE:NIFTY
by TheMamboMomentum
Nifty levels - Jan 10, 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 | 9th Jan '24Today Nifty opened with a gap-up and after making a high around 21760 we saw a good selling from upper levels. Nifty triggered our sell level 21630 and hit all the targets on downside. For tomorrow, if Nifty sustains above 21640 we expect to see more upside towards 21670 and upper levels. On the downside, Nifty has to break 21490 to open more lower targets as marked on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21640 Sell Below - 21490 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
#Nifty directions and levels for JAN 9th."Good morning, friends! Here are the directions for January 9th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing a +120. If the gap-up sustains, our minimum target is 38%. Should it break, a pullback is likely to continue, reaching levels of 50% and 61%. On the other hand, if it rejects around 38% or the gap-up doesn't sustain, we can expect a correction. Continuation will only occur if it breaks the immediate support level."
NSE:NIFTY
by Manickamtraders
Nifty Intraday Trade Setup | 8th Jan '24Today Nifty opened with a gap-up above 21700 which was our buy level, and remained in the range until 10:30 am. Nifty broke it's range on the downside, and we took Sell trade on the breakdown which gave quick 30 points profit. For Monday, until Nifty cross 21800 we are not comfortable in buying as there are multiple resistances in 21750 - 21800 zone. Let Nifty sustain above 21800, we expect to see some upside towards 21830 and upper marked levels. However, for further rally 21850 is the deciding level, once it's crossed we expect to see 250 - 350 points fast up move. On the downside, once Nifty sustains below 21630 which is today's low we may see further downside towards 21590 and below marked levels on the chart. To break the current uptrend, Nifty has to sustain below 21500 which is critical level on the downside. Expectations: Volatile Day Intraday Levels: Buy Above - 21820 Sell Below - 21630 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 9 Jan 24As we discussed nifty yesterday, It could not break to the upside, so entry didn't activate, but it broke to the downside pattern today. Also, if we look into the market, OI data indicates PCR = 0.7, which is bearish. Also, because the market is in the support line, it is still inside the channel. If it breaks the range to the downside, sellers will get activated, and heavy selling might be witnessed. I am expecting the market to move further down if it breaks to the downside. as Banknifty is already super Bearish. Nifty might follow up on the same trend in tomorrow's market. Reasons: Price < EMA(13,50), but it's close to 200 EMA, which might provide a nice support. The trend has broken to the downside. Banknifty is bearish. NIFTY might also follow the same trend to the downside. RSI has dropped to the bearish zone (<40), which shows very weak bulls in the market. OI data shows PCR = 07, which is assumed to be the bearish market condition. Today, CE was added in large quantities, which can be seen in the daily OI change. (Bearish) 21500 is MAX PAIN. If it breaks to the downside, a good fall can be seen in nifty till the level of 21120. Verdict: Bearish Plan of action: Bearish if it Breaks the 21500 level to the downside; otherwise, wait for PA at 21500. Note: PA = Price Action
NSE:NIFTYShort
by finnova_
Nifty levels - Jan 9, 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 8th"Here are the directions for January 8th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -5. I've mentioned a range market structure, so if it undergoes correction, we can expect a minimum of a 78% minor swing correction. On the other hand, if it experiences a pullback initially, it will likely reach the supply zone to swing high. These are basic range market targets. Range market trades are crucial for option buyers, so take your position if the structure is convenient for you. If there are any changes during the mid-market session, I will provide an update."
NSE:NIFTY
by Manickamtraders
05 Jan ’24 —Nifty50 takes support at the trendlineNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The first thing we had to do was to change the stance from bearish to neutral. To go bullish we need some more momentum, if it comes up in the forenoon session — I will update you via TV minds.” 4mts chart link Two things happened today A gap-up open - which did not make any sense. The rejection from the trend line - that made every sense. We repeated this earlier - our markets may be the only one that frequently opens gap-up or gap-down. The bulk of the action happens outside of the trading hours - seems like we need to grow up & mature. Today’s gap-up did not make any sense, even the opening candle. By 10.35 we lost the steam and started falling. Took a minor pause at 11.15 and then by 13.55 we went underwater. We got a nice rejection right at the trend line between 14.15 to 14.31. We are quite sure that many traders would have thought we might be falling further and that's when the reversal came. It was so intuitive to watch Nifty50 take support at the trendline and retrace the fall. Finally, we ended the day with a gain of 0.24% 63mts chart link Our stance is still neutral with equal possibilities in either direction. Since Nifty50 is following the ascending channel’s top trend line - the chances of going up look more probable. To go down - we need news flow/event as there is no technical weakness.
NSE:NIFTY
by viswaram
Godrej Industries: Seeding Prosperity in Every Chart 📊🌿Asset: Godrej Industries (GODREJIND) Timeframe: Weekly and Daily Technical Analysis: Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term. Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for GODREJIND. 50 EMA (Exponential Moving Average): The 50 EMA is demonstrating strength, signaling a readiness for an upward movement. Trade Rationale: The technical analysis on both weekly and daily timeframes aligns with a bullish sentiment. Consideration of the sector's strength and market cap adds confidence to the trade, expecting favorable market conditions for GODREJIND. GODREJIND is currently in a demand zone, providing additional support for a potential upward movement. The 50 EMA acts as a supportive indicator, indicating potential strength for an upward trajectory. Trade Parameters: Entry Point: Within GODREJIND's demand zone. Stop-Loss: Set at a level that respects the demand zone and ensures effective risk management. Take-Profit: Targeting a conservative upward movement of 20% to 50%. Exit Strategy: Consider exiting the trade if there are significant shifts in broader market conditions or if the original technical analysis signals are invalidated. Risk Management: It's essential to manage risk effectively. Consider position sizing and ensure that the risk-reward ratio aligns with your trading strategy. Disclaimer: This is not financial advice. The post is for educational purposes only. Please do your own research and consider your risk tolerance before making any trading decisions.
NSE:GODREJINDLong
by nidinsree
NIFTY Prediction for tomorrow 8 Jan 24As we have been discussing the NIFTY in the channel, It performed really well. But now it's forming a new pattern that can be seen in the chart. Nifty has been showing a very bullish signal as it has been super bullish in the last hour today. Suppose we look into OI data PCR = 0.88, which is assumed to be mild bullish. Also, it has been taken support at the trendline. I am expecting it to go bullish if it can break the 21700 to the upside. Then, once it retraces, we can make the entry and hold till 21900 min as marked on the chart. OR it can be sideways inside the given ascending triangle marked using BLUE annotation. 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 about to cross 60 to the upside, which means it's entering in the Bullish zone. RSI is showing good strength in trend. OI data PCR = 0.82, which is mild bullish. As it's the first day, it won't make any difference, but still, it's a sign of bullishness. Along with it, In 2nd half today, most Positions have been exited, and 21700 and 21800 still have nice resistance. The market has taken very nice support from 50 EMA. There are chances to go HH, HL. Verdict: Bullish Plan of action: Sell 21700 PE + BUY 21300 CE(For hedge and margin benifits)
NSE:NIFTYLong
by finnova_
2
NIFTY Prediction for tomorrow 5 Jan 24As we have been discussing the NIFTY in the channel, It performed really well. But now it's forming a new pattern that can be seen in the chart. Nifty has been showing a very bullish signal as it has been super bullish in the last hour today. Suppose we look into OI data PCR = 0.88, which is assumed to be mild bullish. Also, it has been taken support at the trendline. I am expecting it to go bullish if it can break the 21700 to the upside. Then, once it retraces, we can make the entry and hold till 21900 min as marked on the chart. OR it can be sideways inside the given ascending triangle marked using BLUE annotation. 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 about to cross 60 to the upside, which means it's entering in the Bullish zone. RSI is showing good strength in trend. OI data PCR = 0.82, which is mild bullish. As it's the first day, it won't make any difference, but still, it's a sign of bullishness. Along with it, In 2nd half today, most Positions have been exited, and 21700 and 21800 still have nice resistance. The market has taken very nice support from 50 EMA. There are chances to go HH, HL. Verdict: Bullish Plan of action : Sell 21700 PE + BUY 21300 CE(For hedge and margin benifit)
NSE:NIFTYLong
by finnova_