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Nifty levels - Nov 21, 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!
NSE:NIFTY
by sacxe
Nifty Live Intraday Updates for 20-11-2023 !Nifty important levels to watch are as follows #Support: 19700 Sell below: 19700 only on 15 minute candle closure below the level. Target 1: 19650 Target 2: 19610 #Resistance: 19750 Buy Above: 19750 only on 15 minute candle closure Above the level. Target 1: 19800 Target 2: 19860 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
2
Nifty directions and levels for NOV 20"Good morning, friends! As of November 20, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderate bearish trend. It may open with a neutral start because the GiftNifty indicates a value of +7. Structurally, we can expect a range market either if it takes a pullback or breaks the previous day's low. In my personal opinion, we should wait for confirmation at the immediate support or resistance levels before expecting the next move."
NSE:NIFTY
by Manickamtraders
Nifty Live Intraday Updates for 16-11-23 !!Nifty important levels to watch are as follows #Support: 19610 Sell below: 19610 only on 15 minute candle closure below the level. Target 1: 19560 Target 2: 19485 #Resistance: 19680 Buy Above: 19680 only on 15 minute candle closure Above the level. Target 1: 19745 Target 2: 19820 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
17tht Nov ’23 Nifty PostMortem - An interim top formation?Nifty Analysis Recap from yesterday: “On the 1hr chart, we closed slightly below 19776, the 14.15 hourly candle is well-lit like a beacon. I am still continuing my bullish stance in the hopes that 19776 will get taken out during the forenoon session tomorrow. If not, I will be changing my stance to neutral” chart link: click here Nifty opened gap down and then closed that gap in the first candle itself. It continued to go up till 10.00 wherein the resistance of 19776 was briefly crossed on the 5mts TF. Unfortunately, these gains did not last that long and we started falling in a narrow range for the rest of the day. Nifty has to be given some credit today, BankNifty was falling like a house of cards but Nifty held its ground quite well. As we discussed yesterday, I had to change my stance from bullish to neutral since the resistance of 19776 was not taken out. Chart link: click here On the 1hr TF, it kind of looks like Nifty has made an interim top at these levels. Primarily because this leg of the run was due to NiftyIT and not BankNifty. And now BankNifty is battling the news about Capital Adequacy Ratio and there could be some more selling due to that. At present, I wish to change my stance to neutral and wait for further clues. If we start dropping on Monday, I would prefer to go bearish with the first target of 19562 and then 19446.
NSE:NIFTY
by viswaram
Nifty levels - Nov 20, 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!
NSE:NIFTY
by sacxe
NIFTY Analysis for 17 NovAs we discussed yesterday Nifty gave a nice bull move after the breakout. but in last 30 min it faced a heavy selling from the marked supply zone. Because selling was with good volume that shows the bulls weekness. and also RSI diversion was there. today it seems to be in range bound. Reasons: Heavy selling with good volume in last 30 min. PCR = 1.01 (Bullish), MAX Pain 19750 RSI diversion (Bearish) Price >> EMA 200 (Has to come back) (Bearish) Verdict: Sideways Range bound Plan: Observe the 15 min candle and go only for selling options. will update soon
NSE:NIFTY
by finnova_
Nifty levels - Nov 17, 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!
NSE:NIFTY
by sacxe
Is NIFTY Bull Breakout Successful?As we discussed yesterday, NIFTY didn't go bearish. Instead, it gaped up. Once we saw the gap, the idea was updated to wait. But now NIFTY has given a trendline breakout, as can be seen on the chart. So NIFTY might be in the Bull's favor now. Reason: PCR = 1.16 (Strong Bullish) RSI Diversion it might require some consolidation of a re-test. Target to bull side 19800. but as its expiry tomorrow might result in sideways. Price > EMAs (Bullish) Option chain Bullish Verdict: Bullish Plain of action: observe 15 min trend if its bullish then go bullish.
NSE:NIFTYLong
by finnova_
11th Nov ’23 Nifty PostMortem - US CPI spoils the play totallyNifty Analysis Recap from yesterday: “Since its a holiday tomorrow, the view for Wednesday could be a bit complicated. Ideally, I wish to maintain the neutral stance as nothing has changed but how SPX behaves today and tomorrow also has to be considered.” It indeed became pretty complicated today, we directly jumped from below the resistance point to well over the support point i.e. below 19446 to above 19562. The gap-up was almost 212pts ~ 1.09%, the reason - Lesser than expected US CPI (Inflation data). In fact, the US CPI was only 10 basis points below the expectation, but it gave a feeling of “no more rate hikes” by FED. SPX ended yesterday with a gain of 1.91% and for the first time, I regret having a holiday in between. When there is news, technical analysis will go for a spin and if you have a holiday in between - it will be a tailspin. I had to change my stance from neutral to bullish in the opening minutes itself as it went above the resistance of 19562. Even though we had a tail in the opening 5mts candle, it ended up holding its ground. Nifty picked up some more strength as time passed by and we closed toward the high point of the day. On the 1hr chart, the next target to break will be 19776 which is just 100pts away. Something that is easily possible if SPX holds its ground today. Since most of the market participants are long-only, any upsurge will sweep in more market participants. To change my stance back to neutral, Nifty has to fall below 19562 and stay down tomorrow.
NSE:NIFTYLong
by viswaram
Nifty Live Intraday Updates for 15-11-23 !Nifty important levels to watch are as follows #Support: 19580 Sell below: 19580 only on 15 minute candle closure below the level. Target 1: 19540 Target 2: 19460 #Resistance: 19655 Buy Above: 19655 only on 15 minute candle closure Above the level. Target 1: 19700 Target 2: 19770 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset