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Nifty daily analysis for 13/10/23.What a weekly expiry this has been? Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower. On the hourly charts, the market remained in the first hour candle and closed above both the moving averages. Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer. On 15 minutes charts, it traded around the 20 ema and closed just below the levels. Support :- 19770, 19720 Resistance :- 19840, 19900 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty levels - Oct 13, 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
#October12 direction and levels for Nifty"Good morning, friends! As of October 12th, global market sentiment is slightly positive, as indicated by the Dow Jones. However, our market trend is bullish. It may open with a gap-up. After that, if it breaks the previous day's high, we can expect sub-wave 5. It's a distribution wave, so the structure is important. If the breakout structure is solid, then we can anticipate a rally continuation with minor consolidation. We can expect a correction only if it reaches the immediate resistance level with minor pullbacks, at which point we can complete the 5th wave and anticipate a correction. On the other hand, if the gap-up doesn't sustain, sub-wave 4 may likely continue."
NSE:NIFTY
by Manickamtraders
Nifty future chart analysis for 12.10.202319893 strong resistance if price takes resistance here you may see another sideways. crossing above 19893 will provide price a strong upward movementand it may easily reach 19957 and may retest or cross pass 20k. 19815 (Strong Support if takes support here go long and follow levels) below 19815 it may little week , but 19765 is another strong support you may short below 19815 (Chance of false breakout is high) but you can long from 19765 if it takes support.
NSE:NIFTY1!
by stoxway
11th Oct ’23 - Nifty Cuts Through the Resistance - PostMortemNifty Analysis Recap from yesterday: “On the hourly chart — India replies with 5 white soldiers to the war news (3 white soldiers means 3 strong green candles). We have not taken out the 19776 resistance so far — but we are pretty close. I wish to change my stance from neutral to bullish with the first target of 19776 and the 2nd target of 19847.” Nifty continuing from the good form it picked up from yesterday, we opened gap-up of 76pts and then went on to take out the resistance line of 19776. The low formed in the opening 5mts was not broken showing how powerful the bulls were. We rallied another 71pts to hit a high of 19839. Interestingly Nifty did not fall or retrace from these high levels. The 19800 level was proving tough to break. We had a perfect island day today above the resistance level of 19776. My bullish view continues and the next level to watch out for will be 19901 which was tested on 11th and 20th Sep. It just took 2 days to recover from the fall we had due to war - sometimes I think we have not priced in the real impact of it. Crude oil if it remains elevated will prove to be such a disaster for us as we are importers.
NSE:NIFTYLong
by viswaram
Nifty weekly expiry analysis for 12/10/23.Nifty held on to the higher levels while banknifty gave away the points after a gap up opening. It gained some points after a gap up opening and consolidated after the first hour move in a 50 points range whole day. There is a bullish moving averages cross over, on the hourly charts, closing above both the moving averages. On 15 minutes time frame, market took support from the 20 ema and has closed above it. Tomorrow is nifty weekly expiry and it has closed around higher levels. There are chance of another gap up as the closing suggest. Support :- 19770, 19720 Resistance :- 19840, 19900 Nifty is showing positive sentiment in Indian market and can retest the recent high in coming weeks. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty levels - Oct 12, 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 10-10-2023Nifty important levels to watch are as follows #Support: 19480 Sell below: 19480 only on 15 minute candle closure below the level. Target 1: 19445 Target 2: 19385 #Resistance: 19540 Buy Above: 19540 only on 15 minute candle closure Above the level. Target 1: 19580 Target 2: 19640 => # 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
#october11 directions and levels for Nifty"Good morning, friends! As of October 11th, global market sentiment is slightly positive, as indicated by the Dow Jones. However, our market trend is bullish. It may open with a gap-up. After that, if the gap-up sustains, we can expect a rally continuation with minor consolidation. We can expect a correction only if it rejects the major resistance levels. On the other hand, if the gap-up doesn't sustain, we can expect 'sub-wave 4,' which may take a maximum of 23 to 38% Fibonacci correction."
NSE:NIFTY
by Manickamtraders
10th Oct ’23 - India sends 5 white soldiers to the war - NiftyNifty Analysis Recap from yesterday: ”For true bearishness 19350 or the recent swing low has to be taken out tomorrow. Well, I have a bearish bias because of the LONG PUT option — but the charts are not showing anything so far. If we bounce back from the 19446 level tomorrow also — I may be forced to close out the position at a loss. For tomorrow I would like to go with a 50% neutral and 50% bearish option. Nifty is not technically weak — it is the global macro that is weak. “ Nifty does a gap-up open today and then rallies a total of 109pts in the opening candle w.r.t previous day’s close. This also ensures that yesterday’s swing high is not broken on the downside from the 2nd candle onwards. Till 11.35 Nifty showed no special signs of directional movement but once the 19620 levels were broken - it started climbing ferociously. Can you believe we shot up another 106pts ~ 0.54% to negate yesterday’s price action as well as take out the swing high of 6th October. Yesterday looked like a blip, remember our Friday’s plan - “Go long”. We are there now. What these 2 days did was to take out my stop losses both ways. My long stop loss was taken out yesterday and the short stop loss was taken out today. On the hourly chart - India replies with 5 white soldiers to the war news (3 white soldiers means 3 strong green candles). We have not taken out the 19776 resistance so far - but we are pretty close. I wish to change my stance from neutral to bullish with the first target of 19776 and the 2nd target of 19847. In case we lose the momentum tomorrow - we will still be range-bound unless the bottom support is broken.
NSE:NIFTYLong
by viswaram
Navigating Nifty: Weekly Insights and Geopolitical Battle ImpactTraders! The past few days have been nothing short of a market rollercoaster, with Nifty surprising us at every turn. In our last update, we discussed the breakdown of the inside candle and its subsequent recovery above the uptrend line. However, the market, as we know, is as unpredictable as ever. we're in for a captivating twist today. Let's explore how recent events have shaped Nifty's path, with a particular focus on the weekly chart and the geopolitical factors at play. The Weekly Chart Unveiled 📅 Shifting our perspective to the weekly chart, we discover a fascinating development. Nifty has found support from a trend line that was previously a formidable resistance. This reversal was accompanied by a bullish hammer candlestick pattern on the weekly timeframe. For traders, a hammer candle near a trend line often signals a potential reversal. Geopolitical Ripples: The Israel-Palestine Conflict 🌍 However, markets don't move in isolation. The ongoing conflict between Israel and Palestine has sent ripples across global financial markets, and Nifty is no exception. The first day of this trading week, Nifty opened with a gap down, a clear response to external events. Nifty's Current Position: Back to the Uptrend Line 📉📈 As of now, Nifty is trading around its daily uptrend line. The big question is whether this line will hold. The key scenarios are: 1. Sustained Above Uptrend Line: If Nifty maintains its position above the daily uptrend line, we could witness a reversal, as it did on the weekly chart. 2. Closing Below Uptrend Line: If Nifty closes below this line, we might experience further downward pressure. Trading Wisdom in Uncertain Times 🤔🌟 "In trading, adaptability is paramount. External events can influence markets, but your strategy and risk management are your compass through uncertainty." What's Your Strategy? 🚀 1. Monitor Closely: Keep a close eye on how Nifty behaves around the daily uptrend line. 2. Stay Informed: Stay updated on geopolitical events that might impact Nifty's movement. 3. Risk Management: Always protect your capital, set stop-loss levels, and be prepared for market volatility. Thank you for being an active part of our trading community. Together, we'll navigate the complexities of the market and adapt to whatever challenges come our way! 🚀📊
NSE:NIFTY
by AfnanTAjuddin
5
Nifty levels - Oct 11, 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 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 TheMamboMomentum
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 TheMamboMomentum