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
Niftyview
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!
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.
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.
NIFTY LEVEL 🤑Nifty Actionable Level's
#Current Price -19423
Good #Resistance -19448
Strong #Support -19257
#Target we can expect -19487 to 19584 if break up-resistance level
#Target we can expect -19377 to 19257 if break down-support level
Execution trade should be above or below resistance / support 15 mint candle!
Alerts ‼️ 🚨 This is only for educational purposes
Thank you 🙏 AkashXtrade
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.
Bullish Kicker - Regression Channel BODaily time frame;
Regression Channel breakout Indicates Change in trend
Weekly time farmes;
Bullish Kicker candlestick signals reversal from the yellow support line, which was drawn from two prior tops (Oct'21 & Nov'22), which provided support as projected
Way forward,
1. Resistance, 19600
2. Support, 19200-19250
Nifty Auto Sector AnalysisUpcoming Week / Days
Looks like Auto Sector is going to outperform
The formation of the Chart Nifty Auto Looks interesting
RSI is overbought zone, whenever RSI goes above 70 the tendency of the sector is to fall back & touch the 21/50 day EMA giving an ample opportunity to buy stocks in the sector
Though RS (Nifty) is above 0 still looking nice for an upmove
Nifty Daily Analysis - NeutralV shape formation in both Nifty and Bank Nifty with a range of 200-250 points is very interesting action to watch whereas for day/option traders its a night mare. 200 points of directional movement in two opposite directions in two trading sessions, its very hard to adjust the trades.
Banks making up move and Reliance showing negative trend , we can expect the prices to move in this 200 point range for next two weeks.
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
Nifty levels - Sep 4, 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 1st, the global market sentiment is slightly negative (based on the Dow Jones alone). The market trend is bearish, and the market might open with a neutral to slightly lower gap. In my personal opinion, the market might enter into a range from yesterday's low to the Fib level of 38%. Therefore, we can anticipate a directional move after the range breaks. However, if it breaches yesterday's low, it will likely reach the next support level immediately."
Nifty daily analysis for 01/09/23.Nifty has been trading below the 20 ema and is taking support from 19250 levels.
Market has lost around 200 points from this week high and is trading around the previous swing low.
If the market gives a gap up opening then there can be a halt candle and on the bearish side there will be another sell off.
On the hourly charts, the market came for selling and got rejection from the 20 ema. It has closed below both the moving averages.
There is a bearish moving averages cross over today, which has given a good R:R ratio of 1:2.5, on 15 minute time frame.
Nifty has been taking support from the trend line and has tested it 3-4 times. If the trend is broken then there can be a good sell off.
Support :- 19240, 19180
Resistance :- 19310, 19400
Wait for the price action near the levels before entering the market.
Nifty levels - Sep 1, 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!