#NIFTY Intraday Support and Resistance Levels - 25/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19700 level and then possible upside rally up to 19820 in today's session. in case nifty trades below 19650 level then the downside target can go up to the 19530 level.
Niftyview
#NIFTY ANALYSIS POSITIONALHi Peeps,
Sharing my positional analysis on Nifty. 20,222 is short term top & marks end of 5 wave up. We have now entered in correction mode & quite near to completion of A leg & henceforth , nifty will look to take support in the range 19,600 - 19,588. We, will look short term bounce in B ( typically 61.8% -50% of A) ; will update once A ends in thread. Late shorts be careful. One can look to short around 19900-20000 range (will update once A ends). All above analysis remains invalid above 20,222 (SL for shorts).
#September25 #nifty levels and direction"Good evening, friends ! As of September 25th, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a slight gap-down. Additionally, there is a sub-wave 5 forming. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a pullback of 23% to 38%. On the other hand, if the market opens with a gap-up and sustains it, then we can expect pullback continuation. There is also a regular flat variation, with its minimum target being 19768, and if it breaks, we can expect 19817."
NIFTY WEEKLY VIEW | 25TH - 29TH SEPNifty trend is down and more weakness expected if Nifty sustains below 19590. On the other side, if Nifty sustains above 19790 upper levels are expected in next week. Trade cautiously as it's a monthly expiry and highly volatile moves can be seen.
Buy Above - 19790
Targets - 19850, 19910, 19970
Sell Below - 19590
Targets - 19530, 19470, 19410
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InvestPro India Team
Nifty levels - Sep 25, 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 Trade Setup for 22-09-2023Nifty important levels to watch are as follows
#Support: 19720
Sell below: 19720 only on 15 minute candle closure below the level.
Target 1: 19660
Target 2: 19590
#Resistance: 19760
Buy Above: 19760 only on 15 minute candle closure Above the level.
Target 1: 19820
Target 2: 19890
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#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"Good morning! As of September 21st, there is no significant difference compared to the last session. Global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a maximum Fibonacci pullback of 23% to 38%. On the other hand, if it breaks or consolidates around the immediate support zone, we can expect a continuation of the correction with minor consolidation."
21 Sep ’23 Post Mortem on Nifty - 19589 has to be taken out 22ndNifty Weekly Analysis
Nifty has fallen 354pts ~ 1.76% between the last expiry and today. Interestingly the price action on 15th and 18th stands out as an isolated island. Almost 90% of the fall came in the last 2 days which has even changed the sentiment.
Nifty Today’s Analysis
Recap from yesterday: “For further down move we need that gap to be taken out on the downside just like how it was taken out on the upside. Only then the bears can bring the panic in the markets. Which translates into a 70pts+ gap down opening tomorrow. My stance has been changed from neutral to bearish with the first target 19815 and then 19747. If Nifty50 is unable to fall below 19895 in the morning session — I will have to change my stance back to neutral.”
Everyday I write down the next day’s levels, targeted open, close etc - but never have I got it 100% right in the last many years. We had gap-down open and the encircled regions shows how the gaps were recreated on the downside just like we had it on the upside.
Isolated islands are usually created when there are changes in sentiments overnight. Yesterday we had the FOMC meeting in the US and they decided to keep the interest rate as it is - source. What really unnerved the markets is their decision not to cut the rates till they win the battle against inflation. Ideally that is a negative global macro - and guess what our markets performed better than asian peers in spite of these news.
You are already aware India - Canada tensions are rising and there was news about Halting Canadian Visa services. Still we fell only 0.8% ~ 159pts today.
Japan fell -1.22%, China fell -1.24%, Hong Kong fell -1.45%, South Korea fell -1.75%. Our markets are in a different orbit of its own.
On the 1hr chart - the weakness is visible - but the bears have not gained enough momentum. There is still no panic - VIX fell -2.79% @ 10.8175. Today’s price move is summarised in the first hourly candle - because the next 6 candles have not moved the needle by an inch. I am starting to doubt if the bulls have priced in all the information available?
For tomorrow, I wish to maintain the bearish stance with the first target at 19672 and the second but strong target at 19589. Ideally the bears should be able to close the day below 19589 tomorrow and take out the 19310 early next week. One thing to remember is Nifty50 is still not bearish on the daily time frame whereas SPX is.
Nifty Trade Setup for 21-09-2023Nifty important levels to watch are as follows
#Support: 19880
Sell below: 19880 only on 15 minute candle closure below the level.
Target 1: 19815
Target 2: 19740
#Resistance: 19920
Buy Above: 19920 only on 15 minute candle closure Above the level.
Target 1: 19970
Target 2: 20040
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#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 - Sep 22, 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"Good morning! As of September 21st, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. We don't know where it will open, but the sentiment remains the same. If the initial market experiences a sharp pullback around the immediate support zone, then we can expect a maximum of 23% to 38% Fibonacci pullback. On the other hand, if it breaks the immediate support zone, we can anticipate a continuation of the correction with minor consolidation."
NIFTY - Target - Levels - 21.09.2023Nifty Spot : 19901.40. Watch Option Strike : 20000 CE & 20000 PE
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..
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, StopLoss, & Targets,
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….
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
20 Sep ’23 Post Mortem on Nifty - Finally a reversal dayNifty Analysis
Recap from yesterday: “On the 1hr TF, I will be quite happy if this turns out to be the new top formation. Since the 20100 level was not taken out today, I was not able to take new short positions. We have a holiday tomorrow, but when we resume on Wednesday — I would really prefer if 20070 is taken out, till then I would prefer to stay neutral.”
We opened gap-down and well below 20070 which prompted me to go short. The 2nd 5mts candle showed some strength, but that faded away in the next 3 to 4 candles. Firstly I am not quite sure if the change in sentiment was technical or fundamental in nature. There was news about Canada rescheduling the FTA deal, Travel restriction to India, Expelling the Diplomat, NSA flying to London.
Before today most analysts were bullish in India and almost 95% of them did not have a reversal call. Now that Nifty50 has broken some levels - I assume few of them would have changed the plates.
We just fell 1.15% - it is not a big deal. Ideally we should have fallen more than 2%. Secondly the follow through and avalanche effect was missing - meaning the participants have not panicked yet. Our VIX is still 11.12% - up just 2.7%.
On the 1hr TF - the encircled region is the gap formed between 8th and 11th Sep 2023. And today’s prices just stopped right at the top level i.e 19895. For further down move we need that gap to be taken out on the downside just like how it was taken out on the upside. Only then the bears can bring the panic in the markets. Which translates into a 70pts+ gap down opening tomorrow.
My stance has been changed from neutral to bearish with the first target 19815 and then 19747. If Nifty50 is unable to fall below 19895 in the morning session - I will have to change by stance back to neutral.
Nifty levels - Sep 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!
#nifty"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market experiences a sharp pullback, it will transition into a range market, leading to a continuation of the rally."
Short is the call - Nifty 50This is single leg counting of nifty 50.
Starting from March 2023 lows till last trading day.
Some may count it as 1-2-3-4-5 but I am marking it as WXYXZ bcoz what I have read in books.,
this whole rise doesnt satisfies impulsive wave counts and hence marked as combinations of abc which eventually turned out to be WXYXZ.
Which means, if u consider this single leg which started from march lows, one cycle (5 wave count be it 1-2-3-4-5 or wxyxz ) is completed here and we should see some decent correction now.
Lets see how it goes but I am now not looking for any more ATH from here.
Will keep updating as and when required.
All the best.
Stay alert !!!
NIFTY - Target - Levels - 20.09.2023.Nifty Spot : 20133.35. Option Strike : 20150 CE & 20150 PE
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..
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, StopLoss, & Targets,
4. 4 Types Of Fibinacci Retracement Levels (High To Low, Low To High, Long & Short),
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….
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
18 Sep ’23 Post Mortem on Nifty - short below 20070Nifty Analysis
Recap from yesterday: “For Monday I wish to maintain the same 50% neutral 50% bullish stance. And wish to go short if 20100 level is getting taken out.” . Nifty was not neutral today, had a negative bias, but did not fall below 20100 to go short.
On Friday SPX closed -1.22% down sending a strong negative message, but it seems like our markets were not afraid. The pre-open today showed a -0.23% probable open - but the real open was just 0.04% down. The first candle swung to a low of 20121 which was respected till 15.15. Just imagine - a market that doesnt get bothered by what is happening globally. Even though over-valued, over-extended rally - still no fear of a fall or correction. There is something special about Indian stock markets.
I was almost out of words for this tweet - not just small and midcaps but even the large caps are overbought.
On the 1hr TF, I will be quite happy if this turns out to be the new top formation. Since the 20100 level was not taken out today, I was not able to take new short positions. We have a holiday tomorrow, but when we resume on Wednesday - I would really prefer if 20070 is taken out, till then I would prefer to stay neutral.
Nifty levels - Sep 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!
Nifty Trade Setup for 18-09-2023Nifty important levels to watch are as follows
#Support: 20165
Sell below: 20165 only on 15 minute candle closure below the level.
Target 1: 20110
Target 2: 20050
#Resistance: 20225
Buy Above: 20225 only on 15 minute candle closure Above the level.
Target 1: 20260
Target 2: 20310
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.