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Nifty 50 Negative Divergences in Monthly Charts₹₹Nifty 50 making negative divergences in monthly charts. Below 21700 levels nifty will give breakdown after this Trend line from 2020 will act as support but if breakdown of this trend line then big down movement will be seen. But before this Election Results will be in focus if results come same as market accepting then one bounce from these levels & then we can see profit booking & then movement will be according to charts. If election results are not same as market accepting then big negative for markets. Let's hope for best & Trade with proper risk management. Thank you
NSE:NIFTYShort
by K_Dyadav
NIFTY 50 45 MIN CHART GANN ANALYSIS FOR EXPIRY 10 APR 2024Nifty 50 Index has made an ATH at 22678.40 yesterday... It's making higher high and lower low comibinations from 24 Jan 2024 low of 21137 odd. The dream bull market run continues from covid lows so enjoy the party till it continues. Next Squaring date is 24 April 2024. April month is 49 th month from covid lows which is important in Gann Theory. Squaring Price is 22537 on Nifty 50. Use both of them for your Index Analysis. Intraday levels range is 22671 and 22615. Breakout or fakeouts on either side. Extreme range is 22841 and 22445. Happy Trading !!! N.B. Not a finanancial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the programme for this opportunity to use it freely to express our ideas to the community of traders.
NSE:NIFTY
by kbr9121965
Nifty 50 Technical Analysis - 13th March 2024 Santu Saha Nifty 50 Technical Analysis - 13th March 2024 ## Market Overview The recent market movements continue to align with our discussed levels, demonstrating the effectiveness of technical analysis. Let's review the key support and resistance zones for Nifty 50. ### Support Levels **1. Support Levels: 22,262 - 22,250** - Significant support levels currently holding. - A break below this zone may indicate increased selling pressure, potentially leading to a downside move towards 22,050. ### Resistance Levels **1. Resistance Levels: 22,400** - Immediate resistance level to watch. - A decisive move above this level could pave the way for an upside movement, targeting the next resistance at 22,520. ### Technical Insights #### Support Zone Analysis The support zone at 22,262 - 22,250 is crucial for maintaining the current bullish momentum. Traders should closely monitor this area, and a breach below 22,050 might signal a shift in sentiment. #### Resistance Zone Analysis Breaking above the resistance at 22,400 is key for sustaining bullish momentum. Traders should observe price behavior around this level as it might act as a catalyst for a potential move towards 22,520. ### Trading Recommendation Traders are advised to closely watch the price action around the support and resistance levels. A breakdown below 22,262 - 22,250 could introduce a bearish bias, while a convincing move above 22,400 might indicate further upside potential, targeting the next resistance at 22,520. ### Disclaimer: Exercise Caution Given the current market conditions, it's crucial to trade with caution and implement effective risk management strategies. Santu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu SahaSantu Saha
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (02/02/2024)Nifty 50 Support and Resistance Levels (02/02/2024): #### Support Levels: 1. **Support Level 1:** 21,600 - If the market trades below 21,600, there might be a potential downside movement. 2. **Support Level 2:** 21,300 - If the market breaks below 21,600, it might fall further to 21,300. #### Resistance Zone: 1. **Resistance Zone:** 21,900 - 21,900 is a significant resistance level. A breakout above this level might signal the potential for an upside movement. ### Technical Analysis Insights: - **Support Levels:** 21,600 and 21,300 are crucial levels where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zone:** 21,900 is a key level where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Breaking below 21,600 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** For a potential upside movement, Nifty needs to trade above 21,900 and sustain. Confirmation above this level would strengthen the bullish case.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (16/01/2024)Nifty 50 Support and Resistance Levels (16/01/2024): #### Support Levels: 1. **Support Level 1:** 22,000 2. **Support Level 2:** 21,900 3. **Support Level 3:** 21,800 - If the market trades below 22,000, it could signal potential downside movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 22,100 - If the market trades above 22,100, it could potentially move towards all-time highs. ### Technical Analysis Insights: - **Support Zones:** 22,000, 21,900, and 21,800 are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zone:** 22,100 is anticipated to be a key level where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Trading below 22,000 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** A sustained breakout above 22,100 might indicate a potential move towards all-time highs, but confirmation is essential.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (10/01/2024)Nifty 50 Support and Resistance Levels (10/01/2024) #### Support Levels: 1. **Support Level 1:** 21,500 2. **Support Level 2 (Strong Support):** 21,450 - 21,450 is considered a crucial support level for Nifty 50. #### Upside Resistance Levels: 1. **Resistance Level 1:** 21,583 2. **Resistance Level 2:** 21,685 3. **Resistance Level 3:** 21,756 - These levels are seen as resistance points for potential upward movement. ### Technical Analysis Insights: - **Support Zones:** 21,500 and 21,450 (strong support) are critical areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zones:** 21,583, 21,685, and 21,756 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements. - **Breakout Scenario:** A breakout above 21,600 could signal a potential uptrend, providing a clearer indication of a sustained upward movement. - **Caution on Breakdown:** Breaking below 21,450 could indicate increased bearish sentiment and possibly lead to further downside movement.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels 21Dec23 *Nifty 50 Support and Resistance Levels:** **Support Levels:** 1. 21075 2. 21000 3. 20900 4. 20850 - **Resistance Levels:** 1. 21150 2. 21300 3. 21400 **Analysis:** - The support levels at 21075, 21000, 20900, and 20850 are crucial for monitoring potential downside movements in Nifty 50. - Resistance levels are identified at 21150, 21300, and 21400, indicating potential hurdles for an upside move. - The market is currently bearish, emphasizing the importance of these support and resistance levels in navigating potential price movements. **Important Considerations:** - Stay informed about relevant news, economic indicators, and global events that might impact the financial markets. - Ensure a well-defined trading strategy and use risk management tools to manage potential losses. - Regularly monitor price action and technical indicators for insights into market dynamics.
NSE:NIFTY
by santubittu
NIFTY 50 INDEX 2 HOURLY CANDLE CHART EDUCATIONAL SHORT VIEWNIFTY 50 INDEX 2 HOURLY CANDLE CHART EDUCATIONAL SHORT VIEW ------------------------------------------------------------------------------ as my previous Nifty posted chart trade is not executed because my view is down with the H&S on Hourly and it did not work so i posted this chart because today price cross above my previous chart stop loss ---------------------------------------------------------------------------- Price clearly Trending downtrend as trendline is in down sloping ------------------------------------------- 17800 is the major resistance in current scenario and price must find strong resistance here because 17800 is last Lower HIgh (LH) ---------------------------------------------- price closing and sustaining above this trendline can completely change this downtrend to uptrend ---------------------------------------------- Price clearly in a downtrend so the best trade is NOT to buy in Dips YES to sell on Rise so where is the best place for sell if we found price near last lower high or near the falling trendline ---------------------------------------------- three case possibility in this down trend where we can find fresh sell 1) at near 17305 because its a nearest major resistance marked as pink color thik line 2) at near 17800 because its a major lower high marked as purple color 3) at near major down sloping trendline marked as black twins trendline
NSE:NIFTY
by sk_4587
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