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Niftywaveanalysis

Where is Nifty 50 Headed Next? Is the journey coming to an end? Date: 3rd July 2024 Nifty Elliot Wave Analysis - Daily Time Frame General Trend: Since March 2023, Nifty 50 has surged in a remarkable uptrend, skyrocketing from around 17,000 to an impressive 24,300—a spectacular leap of 7,300 points. So, has Nifty 50 reached its limit? Is the journey coming to an end? Here is our previous analysis, which we posted on June 18th, and we are still using the same wave count. Ichimoku Cloud: Applying the Ichimoku cloud to the chart, we see that Nifty 50 is trending above the Monthly, Weekly, Daily, and Hourly clouds. This suggests that Nifty 50 still has more ground to cover. No sign of reversal yet in Ichimoku and Price action. Elliott Wave Analysis: Applying Elliott wave analysis to the entire leg of Nifty 50’s journey from March 2023 suggests that we are currently in subwave 3 of Wave 5. The Wave 5th has already completed its minimum target at 127% (23,898) and is now looking to hit 161.8% (24,600). If this is surpassed, we could see 25,000+ which corresponds to the 200% Fibonacci ratio. The Nifty trend will change only if the daily candle closes below 23,898. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYLong
by WaveMoku
2
Intraday Trade Setup - Nifty Wave Analysis: Today's ExpiryNifty Analysis (15-Minute TF): June Monthly Expiry - 27-06-2024 Nifty is in the final leg of Wave 5. The third wave of Wave 5 was completed yesterday, and we are likely to see the 4th and 5th waves today. Nifty might take the morning session for Wave 4 and the second half for Wave 5. We have mentioned entry and exit points in the chart; please refer to it. Buy Entry: 23,740-23,770 Average Place: 23,700-23,720 Stop Loss: 23,680 (very small stop loss) Options Strategy: Option Selling: 1. Strangle and straddle will work in the morning session. 2. Go for directional PE selling near our buy zone and sell more lots near the average place with the stop loss mentioned above. Options Buying: We don't recommend option buying. However, if you try option buying, take the next week's expiry near our buy zone and keep a strict stop loss at 23,680. Futures Buying: We can consider buying Nifty July Future with next week PE hedge too. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:NIFTYLong
by WaveMoku
Possible Elliott wave counts on hourly time frame of NiftyHello Friends Here we had shared possible Elliott wave counts on hourly chart of NIFTY, in which we can clearly see that currently we are in impulse structure and as per counts we can say that after bottom of June 2022, we have started fresh impulse up move, in which we had completed wave (1) and (2) and now possibly we are in wave (3), which can be at least equality with wave (1) so estimated target may be 19748 where 5 of (3) may finish, currently we are in 3 of (3) and inside 3, we are in (v) of 3 of (3). I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Some significant snapshots are shared below, please go throughout. Thanks RK💕 Overall wave structure since bottom of June 2022 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:NIFTYLong
by RK_Chaarts
5
Nifty spot Possible Elliot wave counts and Fibonacci retracementIf market doesn't supports sentiments, then here are some possible elliot wave countswhich fits on current scenario. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:NIFTY
by RK_Chaarts
Nifty: Will Wait for the Price Action ConformationHello, Right now Nifty is trading in the no trade zone. There are two important level for the Nifty: 1st: 11200 and 2nd: 11050 Importance of 11200 level : In intraday if Nifty will trade above 11200 but not above to trade or sustain above 11250 then I will consider this as a fake upside move but in intraday if Nifty will sustain above 11250 and give close above 11200 then there is a very high chance to see more upside. Importance of 11050 level : In intraday if Nifty will sustain below 11050 and close below this level then there is a very high chance to see more downside. I will wait for the price action conformation before I will take any side if trade. I will update further levels in this post after the price action conformation. Thank You :) Gr8 Weekend
NSE:NIFTY
by Swapilchoksi
4
NIFTY: Don’t Try To Predict the Stock MarketWhy I have mentioned that "Don’t try to predict the stock market" because last week I have updated my Nifty Weekly Post on Saturday and SGX Nifty was down by approx more then 100 points. But my trading setup was saying different story. I posted "Nifty: very less probability to break or sustain below 10000" and finally Nifty closed on the week's high. Nifty this week trading setup is:- 10480 - 10680 (MULTIPAL DEMAND AND SUPPLY ZONE) 10270-10310 (MULTIPAL DEMAND AND SUPPLY ZONES) 1. I don't think so Nifty will trade or sustain above 10700 because there are multiple very strong supply zones. So I have a current short position in 10700 call @ 60 (Updated this Trade in last week's Nifty post.). In any case if it will sustain above 10700 then I will close my current short position and will take a long position. In this case I will update next levels in this post. 2. On the upside there is a very strong supply zone @ 10640-10680 and On the downside there is a demand zone @ 10480-10530. So 10480 to 10680 will be no trade zone. It's difficult to get the follow through on the both side in this zone and it will be a choppy market in this wide trading zone. 3. If Nifty will sustain below 10480 then it may test next demand zone @ 10240-10310. In this case I may add more short position in Nifty. Still my setup is not allowing me to think for the 9000-8000-7000-5000 etc. levels in Nifty in coming days or weeks. So I will respect the screen, price and trend instead of doing prediction. Thank X :)--- Have a gr8 Weekend ---
NSE:NIFTY
by Swapilchoksi
7
Nifty: Weekly Analysis: "Bhav Bhagwan Che"Hello, Nifty is ready for the big move in this week and the maximum possibility is that this move will be on the downside. On the upside, it's difficult to trade above 12200-12300 zone. I will change my view once it will trade above 12300 in this coming week. I will watch 11700 and11600 zone, in any correction nifty will take support from 11700 or 11600 levels. If it will break 11600 then another 100 points downside will open. In short below 12200 Nifty will be sell on rise for me. and my final targets are 11950-11900-11850-11800-11700. Trade Well
NSE:NIFTYEducation
by Swapilchoksi
Nifty strong down move possible (Elliott Wave Analysis)From the current count it seems that Nifty is in a-b-c Flat correction with the current move up being the completion of W.b . If W.b has still more upside remaining then that should remain restricted till the 11123 level, a close above that on daily basis will signify that bulls have taken over and hence this level will serve as both the Invalidation Level for this count as well as SL for all possible shorts. A close below 10922 will confirm the bearishness and would be an Indication to look for sell side setups which can see targets to the downside of 10419 to 10335.
NSE:NIFTYShort
by NeeravYadav