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!
Niftyview
#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!
#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 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."🤝
NIFTY Analysis for 27 Nov 23Nifty has been consolidating in a triangle pattern, which is a continuation pattern. It will be sideways by the time it is inside the pattern; if it comes out of it, there is more chance that it will break upside. Once it breaks to the upside, make the entry; once it gives a little retracement, it can give a really nice bull target.
Reasons:
Ascending Triangle consolidation is about to break. (Bullish)
Downside trendline support, 200 EMA support, and minor flat zone support. Multiple support points can provide nice support. (Bullish)
PCR = 0.86 ( Mild Bullish)
Max Pain = 19800
RSI 40-60, which is moslty sideways. for bullish let it go above 60, and for bearish let it go below 40.
The upside is only a single resistance zone, which is highly volatile and has touched multiple times; if it breaks this time, there is a greater chance that it will continue the bullish momentum.
Verdict:
Chances are to get bullish-breakout.
Plan of action:
Keep a neutral position inside the triangle pattern. If it breaks, adjust the position according to it.
Nifty Live Intraday updates for 24-11-2023Nifty important levels to watch are as follows
#Support: 19785
Sell below: 19785 only on 15 minute candle closure below the level.
Target 1: 19730
Target 2: 19640
#Resistance: 19835
Buy Above: 19835 only on 15 minute candle closure Above the level.
Target 1: 19880
Target 2: 19930
=> # 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.
Nifty levels - Nov 28, 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 NOV 24th"Good morning, friends! As of November 24th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, 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 +10.
Subsequently, if the market experiences a pullback, we shouldn't anticipate a significant move unless it breaks the immediate resistance.
Simultaneously, if it faces rejection around the immediate resistance, the market will likely continue within a range.
Conversely, if the gap-up isn't sustained or if it opens with a gap-down, we can anticipate a similar range-bound market sentiment. Correction may occur if the market breaches the yesterday's low."
23rd Nov ’23 Nifty Postmortem - On the Cusp of breakout 🐂🐂🐂Nifty Today Analysis
Recap from yesterday: “I wish to continue my neutral stance till 19875 is not broken out above which I would go bullish. For a bearish stance, Nifty will have to take out the 19562 support.”
5mts chart link - click here
The opening minutes gave the impression that 19875 would be broken for good, but that firepower did not last. By 10.00 Nifty made up its mind and started trading sideways. After that initial acceleration, we had a boring price action for the rest of the day. One good thing is that we did not retest the 19776 support level - which shows some indication that we are gearing up for an up-move.
1hr chart link - click here
On 16th Nov we hit the 19875 levels and broke down, today we broke through that same SR level of 19776 before retesting the 19875. Yesterday’s 14.15 strong green candle read along with the opening price action of Today shows some signs that the bulls are trying to get their mojo back. If you have read my previous post-mortem reports, I have been staying neutral since the 17th and it looks like that is going to change tomorrow. As soon as 19875 is broken on the 1hr TF, I would prefer to go bullish. I will update you guys via the tradingview minds section if that happens tomorrow.
Nifty levels - Nov 24, 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 NOV 23"Good morning, friends! As of November 23rd, there is no significant difference from the last session. The global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up or a neutral start, as the GiftNifty indicates a value of +10. After that, even if the market takes a pullback, we can't expect a big move that doesn't break the immediate resistance. At the same time, if it rejects around the immediate resistance, then it will turn into a range market. On the other hand, if the gap-up doesn't sustain or if it opens gap-down, we can expect the same range market sentiment, and correction will occur when the market breaks yesterday's low."
22nd Nov ’23 - Nifty PostMortem - An Intraday W Pattern 📈Nifty Analysis
Recap from yesterday: “One thing is for sure, we would need BankNifty to fire up and reverse course for any further bullish stunts by Nifty. There is no way Nifty can do it without the support from the Banks. I would prefer to maintain my neutral strategy till we take out the 19875 levels. On the downside, I would prefer to go short if 19562 is taken out.”
5mts chart link - click here
My concept of having a neutral stance meant a day without volatility, not like a day today wherein we had sharp price movements with a flat closing. Nifty opened inline today, retested yesterday’s high, and then started falling. We fell approx 121pts ~ 0.61%. Once it broke the 19776 support line, the length of the red candles kept on increasing showing visible evidence of breakdown. At 12.25 we hit the low for the day and then started reversing.
Quite surprisingly the stop & reverse formed a W (double bottom-like pattern) on the 5mts TF and we took out the 19776 resistance with good-length green candles. Nifty retraced the entire fall and ended the day with a gain of 0.14% despite BankNifty staying down.
1hr chart link - click here
The 14.15 green candle is standing out today showing some evidence that Nifty has respected the 19776 support. No matter how hard Nifty50 tries, it cannot go up beyond a limit till BankNifty joins the rally. I wish to continue my neutral stance till 19875 is not broken out above which I would go bullish. For a bearish stance, Nifty will have to take out the 19562 support.






















