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#Nifty directions and levels for JAN 24th#Nifty "Nifty had a sharp correction. structurally, it might be in a 'C' or '3rd' wave. So, if the market opens with a gap-down, then the correction will likely continue. After the correction, if the market takes support around 21,159 or the Demand zone, we can expect a minimum of a 23% to 38% pullback wave. However, if it doesn't take support, then we can expect further correction. Alternatively, if the market opens with a gap-up, then initially we could expect a 23% to 38% pullback wave. After that, if it rejects there (at 38%), then we can expect correction continuation (meaning the 'C' leg continuation).
NSE:NIFTY
by Manickamtraders
1
NIFTY OUTLOOK (With this pattern I predicted the COVID CRASH)Amid the all fears of Rising crude oil prices, Fed hiking rates, Rising US treasury yields with no sign of inflation being in control or Rising Dollar index. There is no doubt that bearish sentiment has prevailed among many retail people. But one thing cannot be denied that Indian market has stayed more defensive compared to global markets. One pattern that I have observed is after every 700 -730 days a high is formed in NIFTY. So according to the same cycle, I strongly feel indian markets may correct in healthy manner by forming a top near 1st - 2nd week of Dec 2023. Even if NIFTY falls before, it will form a pull back top at around the same time. Using the same cycle I predicted the COVID CRASH few years back : Link to the study: That doesn't mean one has to buy every dips or short every top. But a profit booking on the every rise is definitely advisable. Aggressive shorts can be done only after confirmation. CHART AND ANALYSIS ADARSH DEY
NSE:NIFTY
by AdarshDey
6
Nifty levels - Jan 24, 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
3
#Nifty directions and levels for JAN 23 #Nifty Good morning, friends. Directions for December 20th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up start based on Giftnifty, which shows +150. Nifty hasn't formed a proper structure, so if the market breaks the previous high, then we can expect a minimum of 21,744 to 21,804. After that, if it consolidates or breaks this level, the rally will likely continue. But as per the wave, its maximum pullback fib level is 78%. However, if the pullback rejects around 61% (21,804), then we could wait for reversal confirmation using the fib swing low to high. If this fib breaks 38%, then we could consider this a reversal for a bearish trend. Alternate view: If the gap-up doesn't sustain or if it rejects around 21,652, then it might turn into correction. But here also, we will wait for confirmation; when it breaks the fib level 38% (21,533), then we can take a short position.
NSE:NIFTY
by Manickamtraders
Nifty levels - Jan 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
NIFTY Special session analysis 20 Jan 24NSE is running special trading sessions to test the disaster management platform. There is no compulsion to participate in the trading for today. But if you wish to, here is the analysis that you can follow. Nifty Broke went to the downside but quickly recovered and came back inside the descending triangle pattern (Trend continuation pattern). Yesterday, It felt resistance at 200 EMA and résistance trendZone. If nifty breaks the pattern to the upside, it may go to level 21819. But as it is testing day, only a few traders might participate, which might lead to sideways momentum. Reasons: The market is trading at 200 EMA resistance. It's a make-and-break point. Let the pattern break and enter after retesting. OI data PCR = 0.84(weekly) shows amilg bullish signal. That means if it breaks to the upside, it might give nice targets till 21819, marked on the chart. RSI 40 - 60, which is a sign of a sideways market. If it breaks 60 to the upside, it means the market is going to be bullish. Otherwise, don't enter with the option of buying inside the range 40-60. you can go with selling. Price > EMA(13,50) but 200 EMA still providing resistance. go bullish once it's broken and retested. VWAP is at 21700, which will also be acting as resistance. (sideways or bullish.) Verdict: Sideways if it's inside the pattern OR if it breaks to the upside, go bullish after retest. Plan of action: Go for option selling, as many factors are in favor of a sideways market, too. Wait for 15 minutes for the candle to enter after retracement.
NSE:NIFTYLong
by finnova_
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