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Nifty daily analysis for 10/10/23.Nifty after a gap down opening due to the global cues remained in a narrow range and closed 140 points lower taking support around 19500 levels. On the daily charts, it has formed a doji candle and is still trading below the 20 ema. On the hourly charts, market opened below both the moving averages and tested the 20 ema. It took resistance from the levels and closed around day's close. The market reacted to the international news and after a gap down tried to regain some points. Nifty remained stronger than the other index. Market trend is still indecided and there is no opportunity of a positional trend follower. There is a bearish moving averages cross over, on 15 minutes charts, and it has retested the 20 ema. Support :- 19500, 19350 Resistance :- 19575, 19730-50 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty levels - Oct 10, 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
Unlocking the Power of Confluence Zones for Nifty ChartHey fellow traders! Today, I'm excited to dive into the world of technical analysis and unveil the power of confluence zones in trading. We'll be focusing on the Nifty, a popular index among Indian traders. So, fasten your seatbelts and let's embark on this educational journey together! Understanding Confluence Zones Confluence zones are critical areas on a price chart where multiple technical indicators align, creating a strong support or resistance level. In simpler terms, it's like having several bodyguards protecting your trade. Here's what we're looking at for Nifty: Currently, Nifty is trading on its daily demand zone. Nifty is also very close to its uptrend line. The daily EMA 50 is in the mix too. This confluence of the demand zone, EMA 50, and trend line can act as a strong barrier for Nifty's price and we may witness reversal. 🪂✨ Why EMA 50 Matters 📊 The EMA 50 (Exponential Moving Average) is like the heartbeat of a trend. It smooths out price data and helps us identify the overall direction of the market. Many traders use it as a support or resistance level. History tells us that Nifty has bounced off the EMA 50 multiple times, as you can see in the circles on the chart . 🔄💡 If you find this analysis insightful, show your support by hitting the 🚀 icon, leaving a comment, and following my TradingView profile in.tradingview.com . Your feedback keeps the trading community thriving! 📈🔥
NSE:NIFTYLong
by AfnanTAjuddin
5
#October09 directions and levels for Nifty"Good morning, friends! As of October 09, global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. However, our market trend remains moderately bullish. It may open with a neutral to slightly negative sentiment based on the Israel-Hamas war. Afterward, if it finds immediate support at the current level, we can expect a range-bound market and a continuation of the pullback. If it breaks this support level, then the correction is likely to continue. The same sentiment applies to the initial market express sharp pullback, but we can expect a rally continuation only if it breaks the previous day's high."
NSE:NIFTY
by Manickamtraders
Nifty weekly analysis for 09/10/23.Nifty on the weekly time frame has fromed a dragon fly doji after retesting the 20 ema. There is a gap up opening after tested 19350 levels and has closed around the 20 ema on the daily charts. On the hourly charts, the market has closed around the 200 ema. Though, the markets are opening gap up but there is no follow through in the direction. Nifty last week has been froming a consolidation phase after gap up or gap down opening and trading in a narrow range. It has retraced to 19300 levels andi is now standing around 3802% fibonacci levels. For a bullish momentum to continue, it should cross and sustain above the 19900 levels. Other wise market will ramain volatile. Major trend levels are 19900 and 19250. Bullish or bearish trade can be trailed once the market starts trading above or below the levels. Support :- 19560, 19500, 19350 Resistance :- 19730, 19850, 19900 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
6th Oct ’23 - Show of Strength - PostMortem on Nifty50Nifty Analysis Recap from yesterday: “Although we had a good green day today — the body of the candle was not good enough. So I am not changing my stance from bearish to bullish instead, I am going with a neutral stance for tomorrow.” Everything went in the bull’s way today. The opening was gap-up followed by a steady upward-looking rally. Even though we had the RBI MPC meeting today(we will discuss in detail in the BankNifty postmortem below) - it had nothing for the bears. As it stands Nifty has managed to come out from the bear’s grip. On the 1hr TF Nifty is still between 19446 and 19776 support/resistance levels. But the gap-up formation on consecutive days and the island formation have really shifted the sentiment from bearish to bullish. We have to take out the 19710 and 19776 levels too for a strong bullish momentum to pick-up. Mainly because we had some strong red candles at those zones. Look at the US VIX (blue) vs India VIX (orange). Global markets are at extreme fear whereas Indian markets are at extreme greed. Need to know how long this decoupling lasts. For Monday, I wish to continue my neutral stance but keep my options open for bullish moves. The moment 19776 is tested and broken - we can expect further participation to take Nifty much ahead. For the bears to make a comeback - the US markets have to close in DEEP RED today.
NSE:NIFTY
by viswaram
Nifty levels - Oct 9, 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 Tradesetup for 06-10-2023Nifty important levels to watch are as follows #Support: 19520 Sell below: 19520 only on 15 minute candle closure below the level. Target 1: 19430 Target 2: 19340 #Resistance: 19576 Buy Above: 19576 only on 15 minute candle closure Above the level. Target 1: 19630 Target 2: 19720 => # 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 swing based support and resistance indicator 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
#October6th direction and levels for nifty"Good morning, friends! As of October 6th, we have an RBI monetary policy meeting scheduled for around 10 am. Therefore, the technical structure is not as important, as the markets will largely react to the news. These moves may be very volatile, so it's advisable to approach your positions with caution. However, this represents the current market sentiment. The global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. In contrast, our market trend is moderately bullish. It may open with a neutral to slightly positive sentiment. If it subsequently breaks the immediate resistance level, we can anticipate a rally continuation. On the other hand, if the gap-up doesn't hold, or if the market opens with a gap-down, we should be prepared for a range-bound market or a correction."
NSE:NIFTY
by Manickamtraders
Nifty daily analysis for 06/10/23.The market are in a volatile mood and after an initial move it is holding on the levels creating less opportunities for option buyers. This week's expiry remained volatile and on the daily charts, nifty is trading below the 20 ema. It has formed a doji candle after a gap up opening. On the hourly charts, market has remained in a range and consolidated in a 100 points range. Though, the market has closed 110 points higher but there was no trading opportunity today. Consolidation phase is still on for the markets and a trend move is still awaited. If nifty starts trading above 19750 or below 19250 there will be a trending market else market will remain volatile and killing the profits of option buyers. On 15 minute charts, market traded between both the moving averages and closed taking the support of 20 ema. Support :- 19500, 19350 Resistance :- 19560, 19730 Markets are giving gap up and gap down on the crucial levels and are not contining with a trend move. A follow through of any side is required in the market to form a mindset of the trend. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty Expiry TradeSetup for 05-10-23Nifty important levels to watch are as follows #Support: 19400 Sell below: 19400 only on 15 minute candle closure below the level. Target 1: 19345 Target 2: 19275 Target 3: 19220 #Resistance: 19456 Buy Above: 19456 only on 15 minute candle closure Above the level. Target 1: 19530 Target 2: 19590 Target 3: 19650 => # 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 swing based support and resistance indicator 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
Nifty levels - Oct 6, 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
#october5 direction and levels for Nifty"Good morning, friends! As of October 05, the global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. However, our market trend remains bearish. It may open with a neutral to slightly positive sentiment. Afterward, if it breaks the Fib level of 38%, we can expect a pullback continuation. On the other hand, if the gap-up doesn't sustain or if it opens with a gap-down, then we can anticipate a range-bound market to correction."
NSE:NIFTY
by Manickamtraders
NIFTY - Target Levels - 05.10.2023Nifty Spot Price : 19436.1 - INDIA VIX SPOT Price : 11.66 % - Nifty Daily Range : 19293 To - 19579- Watch Option Strike : 19400 CE Draw & Watch The Target Points : Watch Option Strike : 19400 PE Draw & Watch The Target Points : Entry Point... & Stop Loss... & Target Point ...Is Yours... In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check. (Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not) I Am Not Sebi Registered Analysis, This Is Education Purpose Only. Dear Followers.. Trend Is Our Friend.. 1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy. 2. Kindly Watch My Break Even Point. Every Day.. 3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE.. 4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE.. 5. After Retracement.... Stop Loss is Above Or Below Break Even Point.. 6. Stop Loss Is Must.. 7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame.. 8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also.. 9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry. Don"t Enter Blindly. 1. We Focus On Our Daily Analysis.. 2. Combination Theory Of Delta, Gamma & Thetta,. 3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss.. 4. We See 4 Types Of Fibinacci Retracement Levels.. (1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level), 5. Techninal View On Break Even Point.. 6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully.. 7. Market Moves in UpTrend or DownTrend.. 8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.. Its Most Important For Daily Tradings.. 9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings.. Kindly Follow My Channel & Like Your Support & Share My Ideas. This Is My Trading Phychology Of market1tomorrow
NSE:NIFTY
by market1tomorrow
Technical Analysis for Nifty 50 **Technical Analysis for Nifty 50 on 05/10/23** **Market View:** Bearish **Support Levels:** 19400/19300/19200 **Resistance Levels:** 19500/19600 **Analysis:** * Nifty 50 is currently in a bearish trend. * If the market breaks below 19400, further downside is possible, down to 19200. * On the upside, resistance is seen at 19500/19600. **Conclusion:** Traders should be cautious about buying options in Nifty 50, as the market is in a bearish trend. If the market breaks below 19400, traders should look to sell short. **Additional Notes:** * It is important to note that technical analysis is not a perfect predictor of future market movements. Traders should always use risk management techniques when trading. * It is also important to consider other factors, such as fundamental and macroeconomic data, when making trading decisions. * Since Nifty 50 is expiring tomorrow, traders should be extra cautious and avoid holding any losing trades. **Disclaimer:** This is not financial advice. Please do your own research before making any trading decisions.
NSE:NIFTYShort
by santubittu
Nifty levels - Oct 5, 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 Trade Setup For 03-10-2023Nifty important levels to watch are as follows #Support: 19620 Sell below: 19620 only on 15 minute candle closure below the level. Target 1: 19560 Target 2: 19500 Target 3: 19460 #Resistance: 19715 Buy Above: 19715 only on 15 minute candle closure Above the level. scalpers can buy above 19675 for a small target. Target 1: 19790 Target 2: 19850 Target 3: 19895 => # 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 swing based support and resistance indicator 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
SPX vs Nifty - A lot of pain ahead for India Stock MarketsSPX is down 6.07% from Sep whereas Nifty is only down 0.74%. If the coupling still exists and we think of US markets as the mother market - then further pain awaits Indian indices. There are 2 factors which could play spoilsport 1. Rising oil prices - going to cost dearly as we are a net oil importer 2. Rising dollar index - this will push down the INR much further If India finds a way to buy oil in rupees - problem solved. Nifty50 cannot remain elevated for so long if the global markets are falling. Remember - when the rise is higher, the fall will be higher. Or are the investors gung-ho on India's growth story?
SP:SPX
by viswaram