#nifty structurally, we can anticipate a rally continuation if it breaks today's high. We can expect a correction only if it breaks the 38% level. In the meantime, the market might undergo some consolidation."
Niftyview
Nifty 50 # A path for Next Move
- As you can see that, Nifty has broken ATH
- Market Sentiment and Technical Indicators are positive
- Momentum is Positive and Trend has strength
However, DO NOT EXPECT a straight Move towards 22K / 23K
- Nifty must consolidate for few weeks which will serve as a Base for Next Up Move
- Weekly Highs will act as a Resistance
- MACD to regain the Bullish Crossover, will take some time,
NEXT FEW WEEKS WILL BE RANGE BOUND, and WILL TRAP RETAILERS
SO TRADE SMARTLY !
long view for bharti airtellong view
target is 985
stoploss zone is 930 to 920
risk to reward ratio is high
ABCD harmonic pattern is active
RSI is also showing strength
1st Dec ’23 - Nifty on the cusp of Breakout? PostMortem AnalysisNifty Analysis
Recap from yesterday: “On the 1hr TF, 20015 was today’s stop and reversal level. The hourly candle seemed pretty strong, but some credibility has to be given to this new support level. I wish to continue with my bullish stance, the upper target will be the ATH and the lower target will be the new support of 20015.”
5mts chart link - click here
It is official guys, we have a new all-time high - 20291.55. Things were looking long right from the gap up. The first 5mts candle continued gaining momentum despite the gap-up, usually we see some profit bookings - but today was different. Overnight exit-polls results may have enticed the markets and the gap-ups are the secret weapon Nifty uses to overpower the bears.
1hr chart link - click here.
Once Nifty broke out from the 19875 levels, the long-only stance has given multifold returns. With all eyes on the Dec 03 election results, a stable political environment is the best case for the markets. A coalition or an upset is not usually good for the markets in the short-run. And I would not prefer to apply technical analysis for Monday as it will be overpowered by News flow. But I still prefer to go long.
1D chart link - click here
On the daily time frame, Nifty has broken out from a previous ATH that was hit on 15th Sep. We almost went down 6.6% before reclaiming the top. I would like to see this as a breakout with a new higher high in the cards. For this to happen, BankNifty has to reclaim its ATH (will discuss shortly).
Nifty 21K Nifty looks gearing up for next level of 21K sooner rather than later. Next week, Nifty should give close above 20220 which is an important resistance level. Once nifty surpass resistance level and close above this level next week, nifty is going to achieve 21K level very well before Diwali.
Nifty levels - Dec 4, 2023Nifty 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!
#Nifty directions and levels for DEC 1st"Good morning, friends🌺! As of December 1st, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up, considering the GiftNifty value at +70.
After that, if the market sustains the gap up or consolidates, then we can expect a rally continuation.
On the other hand, if it doesn't sustain or if it rejects around the immediate resistance level, we can expect a correction of at least 38 to 78% in the minor swing."
30th Nov ’23 - Good and Volatile Monthly Expiry Nifty PostMortemNifty Today Analysis
Recap from yesterday: “I still continue to hold on to my long position just that I added some protection with 20000 PE buy in the last minutes of trade today. Not because I wish to change the status to neutral, but to offset the OTM PEs shorted today. Most of them were full of air today as the movement would have spiked up its implied volatility. ATH is 20222 and we are just 126 points away, there are no support/resistance zones in between too.”
5mts chart link - click here
The 20000 PE which was bought as a hedge for the OTM short positions was in action today. Even though I exited it prematurely, It went from Rs11 to Rs39 today. See the encircled region in the chart - 09.40 to 10.05. The steam was let off by then and we quickly gained back ground. Nifty50 was trading below water, mainly due to the pressure from BankNifty. But by 13.40 - Nifty made its intentions clear to go green.
The real push came between 14.15 and close wherein Nifty gained 101pts ~ 0.5% to end the day with credible gains of 36pts. Meanwhile do not get swayed away by the FIIs buy number today - as it may be due to the MSCI inflows on the top largecaps.
1hr chart link - click here
On the 1hr TF, 20015 was today’s stop and reversal level. The hourly candle seemed pretty strong, but some credibility has to be given to this new support level. I wish to continue with my bullish stance, the upper target will be the ATH and the lower target will be the new support of 20015.
Nifty levels - Dec 1, 2023Nifty 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!
Nifty Intraday Trade Setup | 30th NovGift Nifty is indicating a flat opening, Nifty again gave a bullish closing yesterday and if Nifty sustains above 20120 we expect to see another leg of upside towards 20160 and above levels. On the other side, if we selling from upper levels and Nifty fails to hold physiological level of 20000, we may see further down move.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 20120
Sell Below - 20000
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
#Nifty directions and levels for NOV 30"Good morning, friends🌺! As of November 30th, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market exhibits a significantly bullish trend. It might open with a neutral to a slight gap-down, considering the GiftNifty value at -10.
Structurally, it appears to be a range-bound market. Even if it opens with a gap-up or gap-down, a minor correction of 23 to 38% can be expected. The rally will persist only if the market solidly breaks the immediate resistance level.
This same sentiment applies to a bearish structure, indicating that a correction will occur only if it breaks the 38% Fibonacci level. Until then, we can anticipate the market remaining within a range."
Nifty Decemeber Outlook - 20473 or 19432?Nifty has been on an excellent bull run with good pullbacks and retracements for well over an year now.
Today , Nifty reclaimed 20000 mark once again and the real question is what will happen next?
In this educational article, lets decipher what is likely to happen in the month of December.
Analysis using Fibonacci Retracement:
Here is a snapshot of Nifty and we can see a great rally from March 27th to 18th September with no major retracements except few pullbacks here and there. However, Nifty underwent a good 38.2% retracement and bounced back to 20000 mark indicating that it is ready for next higher moves!
Retracement Gap Pending at TOP:
When the retracement move happened on 18th September, we can see a massive gap down occurred at the top. And this gap can be expected to fill first. The gap will be filled only when the Nifty touches 20142 and here is the screenshot
Reversal Gap Pending at Bottom:
Today as market opened straight above 19960 and there is a gap formed from previous close which will be a critical retest zone. A reversal gap will be completed only when it touches 19898.
Fibonacci Extension Targets Upside:
Positional analysis from march to September retracements suggests that Nify on higher side is likely to reach 20092(done), 20473, and 20855
Fibonacci Extension Targets Downside:
Positional analysis from march to September retracements suggests that Nify on Downside is likely to reach 19587, 19432 and 19277
20473 or 19432 -My Outlook:
This is only for educational purpose and sharing my outlook for learning purpose only. I am bullish for the following reasons
1. Retracement is done
2. Gap filling at top is pending which will attract since there is momentum, market will likely use it to fill the gap
3. A small gap at 19898 may pull Nifty to that level but positionally should continue making newer highs
4. A good retracement, consolidation and trading at peak entering into bullish December is a good sign for extended bullish run
Verdict:
20473 on cards for Decemeber and who knows we may see 21K for New year 2024!
FASP levels for Nifty 30/11/2023The FASP for Nifty is listed for 30-11-2023. 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.
Nifty levels - 30 Nov, 2023Nifty 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!
Inverted HnS Breakout in BANKNIFTYBNF gave a beautiful breakout from this Inverted HnS pattern. It can reach upto Previous ATH. Have a long bias
#Nifty directions and levels for NOV 29th"Good morning, friends🌺! As of November 29th, the global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bullish trend. It might open with a slight gap-up start, considering the GiftNifty value at +60.
If the gap-up sustains, then we can expect a rally continuation with minor consolidation. On the other hand, if the gap-up doesn't sustain or if it sharply rejects around the immediate resistance level, then we can expect a correction, which may involve a minimum 23% to 38% Fibonacci correction. However, a proper reversal will only occur if it breaks the 38% level."
NIFTY breakout prediction for today 29 Nov 23As we discussed yesterday, nifty broke the triangle range area and moved to the bullish zone. Now, it's likely that the momentum will continue to the upside till the next resistance level of 20000.
Reasons:
RSI break level 60 to upside now in bullish zone. (Bullish)
Triangle breakout to upside target is hight of the trangle. (Bullish)
Price > EMAs (Bullish)
PCR = 1.16 (Bullish)
19800 has Huge PE writing, and on the upside, we checked the main CE writing on 20000. If it breaks this level, it might continue to have higher highs and higher Lows.
Verdict:
Strong Bullish
Plan of action:
Sell 19850 PE and buy 19900 CE
28th Nov ’23 - Finally a breakout from 19875 Nifty PostMortemNifty Analysis
Recap from yesterday: “On the 1hr TF, I would still like to continue with my neutral stance. Only if 19875 gets taken out, we can hope for some followthrough on the upside.”
5mts chart link - click here
So finally we had a breakthrough of the 19875 levels. Notice my stance for the last 6 sessions was neutral and I had to change to bullish today. Hope you got my tradingview minds update once I went bullish @ 15.06.
Just look at the 100pts ~ 0.51% stride Nifty50 took from 14.00 to the close. That was some serious buildup to momentum. The only negative point to this story was the lack of punch from BankNifty and FinNifty today. I hope they catch up tomorrow.
1 day chart link - click here
On the daily time frame you can notice how the recent run-up from 19310 has played out. The next targets on the upside are quite tricky as Nifty has not spent a decent time above these levels, 20010 and 20107 are some faint resistances I could mark for the sake of it.
Nifty intraday levels for 29/11/23.Nifty major levels.
Support :- 19830, 19730, 19670
Resistance :- 20010, 20135, 20200
The index has closed above the resistance level of 19850.
There are high chance of market going bullish as the major resistance has been breached.
Wait for the price action near the levels before entering the market.
Nifty levels - Nov 29, 2023Nifty 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!
General Insurance Making Round Bottom...Boom in Insurance marketAll INSURANCE sector STOCKS in breakout level watch.. Them
- LICI , GICRE , NIACL , Edelweiss.
- Edelweiss -you can also look on my past analysis on this stock
Or should i post charts of all these stocks ?...
- Highest ever quarterly sales of 13000cr and net profit of 1600 crore.
- Highest ever yearly net profit in segment after LIC and highest ever sales after LIC.
Please note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a financial professional before making any investment decisions.
Nifty Level 28 NovGood Morning,
If market open 19850+ market goes up and we
will see up ward move.
But if market open gap down below 19765
and sustin 5-10min its down trend clearly
till 19550.
Note = Only for education purpose
#Nifty Directions and levels for NOV 28"Good morning, friends🌺! As of November 28th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bearish trend. It might open with a slight gap-up or a neutral start, considering the GiftNifty value at +5.
Structurally, there is a distribution wave occurring. So, if the market experiences a pullback with grinding, we can expect rejection around the immediate resistance level. However, if the pullback forms a solid structure, we can consider that a bullish sign.
On the other hand, if the market opens with a gap-down or experiences sharp initial declines, the range-bound market is likely to continue."🤝
