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FASP levels for Nifty 31/08/2023The FASP for Nifty is listed for 31-08-2023. 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
30 Aug ’23 Post Mortem on Nifty - 111pts fall in 60mts why? 🤔Nifty Analysis This is what I wrote yesterday - “For tomorrow, I have a 60% neutral and 40% bullish view as we are right at the upper channel and above the support.” . Never did I believe we could have a neutral closing today after the big gap-up open. Even till 13.15 there was no sign of weakness and Nifty was looking & staying strong. Luckily Nifty is a notch above the bearish descending channel. Still giving hopes to the bulls. I still have not figured out the reason why we fell 111pts after that. Was it the China news of stimulating the economy, cutting taxes on stock markets, a warning of distress or the German CPI or the US GDP expectations? I still dont think the Rs200 cut on LPG cylinder by the Oil Minister & then the comments that it will come as Govt. Subsidy and not from OMC’s margin would have triggered this fall. This move has opened up multiple possibilities for the monthly expiry tomorrow. Let us discuss them. On the hourly TF we now have 2 rejections when Nifty tried to breakout from the bearish channel. Both of them had strong selling momentum which indicates the Big-Bear is still alive & kicking. If we take out the descending channel - the chart pattern will appear like a lower high and lower low in which the lower low is not that intense. For tomorrow I wish to keep a neutral view till 19310 is not taken out and if it does - would wait for the swing low of 19229.7 to be taken out to go short. When going short, I would expect a new lower low to be formed. Meanwhile if Nifty stays strong and respects the support - I will still keep my fingers crossed for a breakout momentum.
NSE:NIFTY
by viswaram
NIFTY into textbook pattern after failed attempt on thursday price then trying form a base near the medium timeframe demand zone (mtf) as such condition it is likely considered as trend (thursday fall) >>>> then side ways for liqudity generating and >>>>>> then (trend continued) on side 19080 18922 are curcial level to watch 18700 will be third support where price is likely to turn around if all of ther pattern goes as per textbook method price is likely to get oversold
NSE:NIFTYShort
by Jimmy_Rebello
Nifty levels - Aug 31, 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"Good morning! As of August 2nd, the global market sentiment is positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a gap-up. Therefore, there is no significant difference from the last session. If the market sharply rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks below the 38% Fib level, then the correction will probably persist."#nifty
NSE:NIFTY
by Manickamtraders
29 Aug ’23 Post Mortem on Nifty - 60% neutral 40% bullishNifty Analysis Yesterday we had a neutral call on Nifty “Most importantly the 19310 support/resistance stands in between. A break in support may cause Nifty to follow the bearish channel. Whereas a breach in resistance will give Nifty breakout momentum as it exits the falling wedge. I wish to go with a neutral stance for tomorrow till we get some clarity.” You may not believe it, but today’s price action was between the 19310 horizontal support and the descending trend line. The momentum was just not there to break the support nor break the trend line. We had 3 attempts each and all three of them failed. The open was gapup right at the trend line and we fell to the support by 10.25. From there we had a steady rise till 13.30 where we retested the trendline again but faced rejections. The 2nd fall to the support came at 14.20 which was quick but lacking force. At 14.55, I seriously thought the support would get breached - instead we shot up to the trendline to close exactly on it. On the 1hr TF, it seems like Nifty is coming under immense pressure to pick a direction. All clues are hinting at a bullish breakout as the support is too strong to be broken. The only reason the breakout is not happening may be because the big-bears have still not given up or booked profits. If new bears are not taking fresh shorts, then the existing short-sellers may have to run for cover as the market has a natural tendency to move up if it stays like this. For tomorrow, I have a 60% neutral and 40% bullish view as we are right at the upper channel and above the support. If Nifty is unable to exit the channel in the first 90mts, I will look for neutral positions only. And if the lower channel is tested - I would like to convert my current positions to bearish ones.
NSE:NIFTY
by viswaram
Nifty levels - Aug 30, 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 30/08/23.Nifty is not taking the benefit of the gap up opening and is coming for selling from the very first candle. Though, the market recovered after falling and closed 36 points above, still there is sideway to volatile market. Option sellers market is on as the volatility is taking away the premiums benefitting the sellers. On the hourly charts, it took support multiple times from the 20 ema and has closed between both the moving averages. Nifty today has traded in a range of 50 points and has formed a box consolidation. The market is giving less intraday opportunities. It will be good to let market decide the trend and trade accordingly. On 15 minute time frame, it has closed between both the moving averages and regained 40 points in the last two candles. Support :- 19310, 19250 Resistance :- 19350-380, 19480 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
#nifty"Good morning! As of August 2nd, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
NSE:NIFTY
by Manickamtraders
28 Aug ’23 Post Mortem on Nifty - critical juncture 19310Nifty Analysis Contrary to the expectations, today turned out to be a boring day. The open was right at the SR level of 19310, still it was gap up as our prior close was near 19250 levels. Even then the resistance breach did not come then, we had to wait till 11.15 for a 5mts candle above the SR zone. BankNifty was looking in tremendous form today, we will discuss that separately in the analysis below. Due to this Nifty was also staying afloat, the real breach of resistance came at 12.30 only. And it looked like we may break out from the channel today. But by 14.05 it became quite clear that we will not have a break-out today. Surprisingly Nifty gave a final close below 19310 which still gives hope to bears. On the 1hr chart - things are still not clear. There is an overlap of 2 technical patterns. 1. Walling wedge 2. Bearish channel Most importantly the 19310 support/resistance stands in between. A break in support may cause Nifty to follow the bearish channel. Whereas a breach in resistance will give Nifty breakout momentum as it exits the falling wedge. I wish to go with a neutral stance for tomorrow till we get some clarity.
NSE:NIFTY
by viswaram
Nifty daily analysis for 29/08/23.Nifty is still forming doji after doji. The market on the daily time frame is still below the moving average and in sideways mood. On the hourly charts, market tested the support zone and tried to move up but took resistance from the 20 ema and gave a retracement after touch the levels. There is also an evening star pattern there. Market slow tried to move upper but couldn't give some conviction as there was a rejection from 20 ema (60 minute) and 38.2% levels. On 15 minute charts, nifty has closed below both the moving averages and is taking support around 19300 levels. The market are showing some negative sentiments as it is taking resistance from the key levels. Support :- 19250, 19180, 19000 Resistance :- 19380, 19480 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty levels - Aug 29, 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 28-08-2023nifty important levels to watch are as follows #Support: 19230 Sell below: 19230 only on 15 minute candle closure below the level. Target 1: 19160 Target 2: 19075 #Resistance: 19330 Buy Above: 19330 only on 15 minute candle closure Above the level. Target 1: 19385 Target 2: 19473 #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 weekly view for 28/08/23.Nifty on the weekly time frame has given a gravestone doji which shows some negativeity as it is sitting near the support levels of 19250 which has been tested many times. If market starts trading below the support level other supports are far enough to give a nice swing trades. On the daily time frame, market opened gap down and has formed a doji candle closing 120 points lower. The market is looking somewhat bearish as the weekly candle is. Market is trading below the 20 ema and has not crossed the previous swing high. The market tried to cross the moving averages by a break away gap buy couldn't sustain it and reversed falling around 200 point form day high. On the hourly charts, it traded whole day below the moving averages and consolidated near the support zone. Market is consolidating in a range, break out or break down can give nice movement as a long consolidation is going on. Nifty on close to close basis has been in a range of 250 points as it is respecting 19500 and 19250 levels. Bearish or bullish trend will only be decided once the market starts closing outside the range. Watch for the market close as there will be good targets to hit. Support :- 19250, 19180, 19000 Resistance :- 19380, 19480 Supports are made near the day close as there can be a gap filling if there is a break down. Swing targets will be around 18880 as the market will retest the previous resistance zone. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
25 Aug ’23 Post Mortem on Nifty - reversal in trend, below wedgeFor the last two days both my predictions have gone wrong. On 23rd Aug I recommended a long but we closed in negative territory. On 24th I recommended a neutral stance, but we went deep red today. On both the occasions, I had mentioned the rationale on why I have taken that decision and how I may react if the market makes a different move. Today we opened gap down right at the support/resistance zone of 19310 and went down quite strongly in the first candle. From there Nifty made 2 attempts to breach this SR and go up - but failed. We woke up to bad news from the US that FED & its commitment to bring inflation to the 2% band. What this did to our markets is bring about a reversal in trend. Just the previous day we had a breakout from a falling wedge pattern and Nifty was breaking free to take out the 19700 levels - but this cut short. This is what I said in yesterday’s report “For tomorrow I wish to change my stance from bullish to bearish. If we trade above the trend line for more than an hour - I wish to go long. And if we fall below 19310 - I wish to go short. Till then prefer to stay neutral.” I took the short position right at the open as my short criteria met. But the position is still not so profitable as the market did not fall further. I was hoping for more than a 1%+ fall today. I have made a modification to the 1hr TF. The newest addition is the bottom trend line which is almost parallel to the top bearish line. The reason to bring this up is to find out what will happen since the support was breached. Since Nifty was respecting the bottom trend line on 4 previous occasions, I expect it to comply going forward also. For Monday 28th Aug I wish to change stance from neutral to bearish with a stop loss just above 19310 if it stays there more than an hour. My next strong support comes at 18880 which means the fall could be quite deep.
NSE:NIFTYShort
by viswaram