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Nifty Index is a terrible investment during most market cyclesI explored a few stats that made me re think whether it made any sense to buy nifty futures, options. Here were a few (well shocking for me) statistics CNX 500 has outperformed Nifty on an absolute basis for long periods of time Bank Nifty has performed even worse than the Nifty - buying that is a losing game Why? I dont know - maybe diversification , low representation of new age stocks, too much commodity / cyclical exposure Nifty does great during bear cycles - fairly evident why - mutual fund managers like to smash it, buying puts, shorting futures to hedge their exposure Bottom Line - Am only going to be looking at Nifty and bank nifty as hedging instruments unless proven otherwise. I do hope we have a CNX 500 Index coming soon. Till then - buy strong stocks, growth names - and use the indices to hedge like the fund managers
NSE:NIFTYEducation
by kunal_finner
1
Bank Nifty analysis The current state of the market presents an interesting dynamic between the Nifty and Bank Nifty indices, as they grapple with significant resistance levels. Notably, Bank Nifty is showing relative underperformance compared to the Nifty50, raising concerns among investors. The pivotal point to watch is the crucial 45,000 level for Bank Nifty, as it holds considerable importance, especially with the Nifty50 possibly on the brink of a breakout. The future direction of the broader market is closely tied to the performance of Bank Nifty. Upon analyzing the charts of Bank Nifty, it becomes evident that the price is facing a strong resistance level represented by a downward trend line. Breaking through this resistance and maintaining a +1% increase over the next two trading sessions is expected to be a challenging endeavor. If the banking sector maintains its current position for another three to four sessions, it suggests the possibility of a month-long consolidation period within the Bank Nifty. Even in the event of a successful breakthrough at the resistance level, the projected price movement is anticipated to remain within a range of 500 points.
NSE:BANKNIFTY
by tradeGambler
FASP levels for Nifty 05/09/2023The FASP for Nifty is listed for 05-09-2023. 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.
NSE:NIFTY
by SathishChandrasekaran
04 Sep ’23 Post Mortem on Nifty | almost breaking out, bullishSeeing the price action on Friday, we had changed the status from bearish to neutral. But by seeing the strength today, I wish to go full bullish for tomorrow. To start with we had a gap-up opening of 103pts ~ 0.53% and then a quick fall to yesterday’s close. Luckily Nifty took support right there and then started moving upwards. The upward move from 10.40 to close came with minimal pull back or retracement - showing a clear path for further bull run. The real thrust came from the NiftyIT index which had a flattish move till 10.45 and then a surge of 2.18% ~ 687pts from there till close. This is the reason why Nifty outperformed BankNifty today. On the 1hr TF, you can see the encircled regions, where we tried to break out from the bearish channel only to be pulled back to it later. Today’s price action has created an island-like formation and somehow avoided the fall. As it stands its a bullish break-away signal and if we dont make a down day tomorrow & wednesday then we can confirm further uplift due to the sentiment reversal. I wish to go with a full bullish stance tomorrow wherein 19584 has to be taken out in the first 2 hours and the final close should be above 19600. On the other hand, If we start falling back to the 19300 zone - the bears will come back super strong.
NSE:NIFTYLong
by viswaram
Nifty daily analysis for 055/09/23.A gravestone doji after a gap up opening is creating confusion in the market. Nifty after a gap up opening came for selling in the first hour and after that slowly went up and closed near the opening price. On the hourly time frame, there is a bullish moving averages cross over and today the market took support around 19450 levels. The market gave gap filling trade and after that continued to push higher very slowly. On 15 minute chart, market retested the 20 ema and began an up move after testing it. Support :- 19460, 19330 Resistance :- 19550, 19620 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Simple Trade Setup | NIFTY | 05-09-2023 [INTRADAY]NSE:NIFTY Trade Setup for 05-09-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:NIFTY
by Trading_hawk
NIFTY LEVEL 🤑O Description. 05 sep Nifty Actionable levels #Current Price- 19534 Good #Resistance- 19532 Strong #Support- 19440 #Target we can expect 19618 if a break of 19534 above ⬆️ Resistance level 🎚️ #Target we can expect 19440 and 19260 if a break of 19452 below ⬇️ Support level 🎚️ #Execution trade should be above or below from resistance or support levels 15-minute candle. Alerts ‼️🚨 this is Only for Education Purpose. Please Give your precious comments 🤞🏻 Thank you 🙏 AkashXtrade
NSE:NIFTY
by AkashXtrade
Nifty levels - Sep 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 Intraday TradeSetup for 04-09-2023 nifty important levels to watch are as follows #Support: 19385 Sell below: 19385 only on 15 minute candle closure below the level. Scalpers may short below 19420 on candle closing confirmation. Target 1: 19320 Target 2: 19250 #Resistance: 19460 Buy Above: 19460 only on 15 minute candle closure Above the level. Target 1: 19510 Target 2: 19580 #Demand Zone: 19250-19300 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 19435-19450 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #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.
NSE:NIFTY
by InvestyourAsset
Nifty New Support LevelHii All.. Greetings... Today I'm sharing you Nifty 50 Index Weekly Chart, we have seen a good correction in the past weeks. On the 5th week of correction Nifty has a formed a inverted hammer and this past week Nifty has Shown some uptrend/reversal from 19225 - 19250 levels. I think Nifty has formed a new support level at 19225 - 19250 levels. Here im just following 11days EMA which is currently acting as a good support. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
NSE:NIFTYLong
by NikhilChoudhary2023
Nifty weekly analysis for 04/09/23.Nifty has finally given a green candle after 5 red candle and has closed above 19400 levels. There was a nice bullish move in the last trading session after constantly testing 19250 levels. Market was in a bullish move and from the last month there was a retracement and the markets were indecisive where to go. A U-shape recovery is there, on hourly charts, but still nifty is around the resistance zone. Watch for the market as there is a G-20 meeting which will also show some fake movements in the indian markets. After constantly struggling to close above the 20 ema, now it has closed above the level and is looking some what good as there can be a trending market in the coming week. On 15 minute time frame, there is a bullish moving averages cross over and even on the higher time frame, market has closed above both the moving averages.' Support :- 19330, 19250 Resistance ;- 19460, 19565, 19620 Nifty has closed around the resistance area and there are chance of a pullback before another bullish leg. Watch the market to cross 19550 levels which will confirm the short term trend and bullish trades can be carried on for this session. It has reversed from levels between 50-61.8% fibonacci levels that is the golden zone. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
01 Sep ’23 Post Mortem on Nifty -A dramatic reversal of stance🐂Nifty Analysis If you had witnessed the price action, then today’s performance was the total opposite. This is what I said yesterday “I wish to change my stance to bearish for tomorrow unless the 19310 resistance is breached.” and guess what - we had the break of resistance in the first 30mts itself. Who would believe we had a 203pts intraday rally today and not just the break of resistance. As soon as the 1hr passed above the 19310 levels, I had to go long today - because the momentum was in favor of the bulls. As it stands Nifty has made its 3rd attempt to break away from the bearish channel. Remember the first 2 attempts were rejected wherein Nifty was pulled back. Today’s price action is quite different - the leap in points came during trading and not by gap-up signifying a shift in the sentiment. Opening gap-up and then not sustaining is just euphoria & will fade out pretty soon, whereas the gains or pains made during trading hours shows mass market acceptance. The number of green hourly candles today = 5 and the red ones = 2 with no body. Nifty is back at the 19450 levels, something already tested on 30th Aug. If you were also short like me for today, there is a high possibility that you would have run into losses just like me. What we need to learn from this is - we hope and plan for X to happen and most likely Y happens. If trading was that easy, then everybody would have made it. As it stands, I change my stance from bearish to 60% bullish & 40% neutral for Monday 04 Sep. The moment 19564 gets taken out my stance will be 100% bullish
NSE:NIFTY
by viswaram