Get started

Niftyview

05 Sep ’23 Post Mortem on Nifty - Momentum not enoughNifty Analysis Recap from yesterday: 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 . Although the price action looked as a continuation from yesterday - it did not have enough firepower to break the recent swing high of 19584 nor cross the 19600 threshold. NiftyIT again provided good support to Nifty today along with Pharma, FMCG and Energy. Positionally Nifty50 is in good shape to go higher, but for that this momentum wont be enough. During a strong uptrend, all the sub sectors also have to be in green. On the 1hr TF, Nifty has made a W pattern which indicates bullishness. As long as the 19450 level is intact this pattern will remain bullish. The moment Nifty breaks 19450 and goes near 19310 the W pattern will change shape and become like an M pattern. We also would like to wait and watch how the first banknifty expiry on wednesdays will impact the trajectory. For tomorrow I continue to maintain the bullish stance unless 19450 is broken.
NSE:NIFTYLong
by viswaram
Nifty daily analysis for 06/09/23.Nifty for last 2 days is forming a dragon fly doji after a gap up opening. The market after the opening is coming for a selling and than move slowly in the upward direction. On the hourly charts, it traded above both the moving averages and during the last hour recover giving close 46 points higher. The market has followed the same trend in previous trading session and if there is another gap up there are chance of market moving in the upside direction. On 15 minute time frame, it showed a downside trend and recover after the gap filling. It tested the 20 ema and in the mid hour traded around the levels. Support :- 19520, 19460 Resistance :-19580, 19620, 19720 Nifty has closed in green but the other index has closed in red. Indian Vix is dropping which means there can be a trending move and option premiums are not much. Carry on the trades with a proper trailing stop loss and an ultimate target. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty levels - Sep 6, 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
NIFFY BEST LEVEL'S💲🤑O Description. 06 sep Nifty Actionable levels for Tomorrow #Current Price- 19577 Good #Resistance- 19677 Strong #Support- 19328 #Target we can expect 19638 and 19677 if a break of 19586 above ⬆️ Resistance level 🎚️ #Target we can expect 19441 and 19377 if a break of 19539 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"Good morning! As of September 5th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-down. After that, if the market declines, it will reach a demand zone. Structurally, it's a major demand zone, so once the market reaches there, we can expect a pullback. Alternatively, if it breaks the demand zone, then the correction is likely to continue. On the other hand, if the initial market takes a sharp pullback, then we can expect a range-bound market. Only if it breaks the major supply zone will it turn into a bullish continuation."
NSE:NIFTY
by Manickamtraders
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