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#niftyGood morning! As of July 20th, the global market is indicating a positive start with GIFT Nifty showing a +2 points increase, resulting in a moderate bullish market sentiment. There is no significant difference compared to the last session, and there is a possibility of a slight gap-up opening. If the market maintains its structure, we can expect a rally continuation with minor corrections. However, in the event of a sharp decline in the initial market, we can anticipate only a minor correction.
NSE:NIFTY
by Manickamtraders
9
#Nifty"Good morning, friends! First of all, I'm really sorry. In recent days, I've had a little bit of trouble predicting the market's opening. That's my mistake, as I couldn't anticipate the GIFT Nifty movements and other result factors. So please bear with me, and I promise I will do my best. As of July 17th, the global market is showing a neutral start with a moderately bullish market sentiment. There is a possibility of a slight gap-up opening. If the market sustains structurally, we can expect a rally continuation with minor corrections. On the other hand, if the initial market experiences a sharp decline, we can expect a range market correction."
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 29th"Good morning, friends! Here are the directions for February 29th: The global market is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bearish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +50 point. Nifty fell drastically in the last session; however, the Gift Nifty indicates a positive start. Structurally, it could fall a little bit, so if the gap-up doesn't sustain, then we can expect a little bit of correction in the first half. After that, if it finds support around the demand zone, we can expect a minimum of a 23 to 38% pullback wave. However, if it breaks the demand zone, then the correction will likely continue. Alternatively, if the gap-up sustains, then we could expect a range market initially. After that, if it breaks the supply zone, then the rally might continue. On the other hand, if it breaks the previous low, then the correction will continue further.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Trade Setup | 30th Jan '24Today Nifty opened with a gap up around 21440 and after forming a low at 214229 in first candle Nifty gave a crazy rally of more than 300 points and closed near day high. Gift Nifty is indicating a gap-up opening near 21850 which is a key resistance level. For today if Nifty comes down and crosses 21770 on the upside, we expect more rise towards 21810 and upper marked levels. On the other side, Nifty has to break 21680 for more downside towards 21640 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 21770 Sell Below - 21680 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
#niftyGood morning! As of July 27th, the global market is starting positively, with GIFT Nifty showing a +75 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a gap-up opening. If the market stays within the range, it's likely to continue going up without a big drop. However, be cautious of a potential correction if it sharply rejects around the fib level of 78%.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for December 4th.Good morning, friends! 🌞 Here are the market directions and levels for December 4th. Market Overview: There are no significant changes happening. The global market is maintaining a bullish sentiment (based on the Dow Jones only), while our local market shows a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the Gift Nifty is showing a positive 10 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty had a solid pullback. The structure and sentiment remain the same as we discussed in the previous session. Let's look at this in the charts. Both Nifty and Bank Nifty have a similar sentiment. Nifty Current View: The current view suggests that if the market takes an initial pullback, it could reach a minimum of 24,629. However, the previous day's movement shows RSI divergence, indicating weakening momentum. If this divergence continues when it reaches 24,629, we could see a correction of 23% to 38% in the minor swing. Conversely, if it breaks through or consolidates at this zone, the rally is likely to continue. This is the basic structure. Alternate View: The alternate view suggests that if the market initially declines, it could reach the 38% Fibonacci level in the minor swing. However, until the 38% level is broken, it will maintain a bullish bias. If it breaks this level, we can expect a correction.
NSE:NIFTY
by Manickamtraders
3
#nifty directions and levels for April 1st.Good morning, friends! Here are the directions for April 1st: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a similarly bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +40 point. Nifty has recently rejected nearly all-time highs. I anticipate the market may undergo some consolidation given the gap-up start indicated by Gift Nifty. If the market breaks the previous high after this consolidation, the rally will likely continue. Alternatively, if the gap-up is not sustained, we can expect a minor correction initially. If it finds support around the 38% level, it may form a consolidation structure. On the other hand, if it breaks the 38% Fibonacci level, we can expect a correctional wave ranging from 50% to 78%.
NSE:NIFTY
by Manickamtraders
#nifty directions and levels for October 10th.Good morning, friends! 🌞 Here are the market directions and levels for October 10th. Market Overview: The global market is displaying bullish sentiment, while our local market shows a moderately bearish trend. A gap-up opening is anticipated today, with SGX Nifty indicating an increase of approximately +110 points as of 8 AM. In the last session, we saw a lot of movement due to the RBI policy. The market is still somewhat weak overall, but the Gift Nifty is showing a positive start with around +100 points gap-up. This is because of global factors, like the Dow Jones going up strongly after the FOMC minutes. Gift Nifty also reacted to this. What should we do with this sentiment? We should wait for a breakout in a certain range. If the market breaks this range, we can follow that direction because of the mixed local and global factors. I'll explain this more clearly in the charts. Nifty and Bank Nifty have similar chart patterns. Nifty Current View: The current view suggests that if the gap-up doesn't sustain or the market rejects near the immediate resistance level of 25,173, then the correction may likely continue with a minimum downside of 78%. However, one additional confirmation is needed: after rejection, the market should break the lower trendline or the previous day's closing candle. Alternate View: The alternate view suggests that if the gap-up sustains, the market may consolidate around the 25,173 level. After consolidation, if this level is broken, we can expect the pullback to continue, targeting a minimum upside level of 25,272 to 78%.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for September 26th.Good morning, friends! 🌞 Here are the market directions and levels for September 26th. Market Overview: There have been no significant changes in the global and local markets; both maintain a bullish bias. Today, the market is expected to open neutral to slightly positive, with SGX Nifty indicating a rise of around +60 points as of 8 AM. In the previous session, both Nifty and Bank Nifty continued consolidating. However, it seems a breakout may occur this session, as GIFT Nifty is suggesting a gap-up opening. If this gap-up sustains, we can expect the rally to continue. We had previously discussed that this could be a sub-wave 5th. So, if the breakout has a solid structure, the trend is likely to continue. Conversely, if the movement is gradual, the rise may be limited. We'll explain this further in the charts. Both Nifty and Bank Nifty reflect the same sentiment. Nifty Current View: The current view suggests that if the first move consolidates around the supply zone (MSZ), Nifty could reach a maximum of 26,146. Conversely, if the first move breaks the supply zone with solid momentum, the rally may continue, with some consolidation around 26,220. This is our first scenario. Alternate View: The alternate view suggests that if the market declines or faces rejection near the supply zone, the range may hold. However, the precise move is if the rejection breaks the 38% Fibonacci level of the minor swing, it could extend to a minimum of 78%, reaching 25,833.
NSE:NIFTY
by Manickamtraders
3
#Nifty directions and levels for August 9th.Good morning, friends! 🌞 Here are the directions and levels for August 9th. Market Overview Both global and local markets have been trading within a minor range. Today, the market may open with a gap-up, as indicated by a 250-point positive start in GIFT NIFTY. Nifty and Bank Nifty share the same range-bound market sentiment. Let's take a closer look: Nifty: In the previous session, Nifty experienced some minor oscillation due to the monetary policy. However, it closed within Tuesday's range. Structurally, it remains a range-bound market. > According to Elliott Wave theory, we expect three swings in this range-bound market. With two swings already completed, we are anticipating a third one. > In today’s market, after the gap-up, if it encounters resistance around the immediate resistance level, it may lead to a correction. if it happens, The corrections are expected to range between 38% to 78% of the minor swing—this is our first scenario. >In this case, if it consolidates or breaks solidly (at the 61% Fibonacci level on the upside), then the rally will likely continue. Alternatively, if the gap-up doesn’t sustain or if it rejects around the previous high, the range-bound market will likely continue. Structurally, it could form a triangle pattern. However, trading in range-bound market movements can be somewhat challenging, and premiums may also be affected.
NSE:NIFTY
by Manickamtraders
#Nifty directions and level for July 26th.Good morning, friends! 🌺🍬 Here are the market directions for July 26th: The global market has a bearish sentiment (based on the Dow Jones). Our local market has a structurally moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, as indicated by the GIFT Nifty, which shows +40 points at 8.00 am. **Nifty:** In the previous session, Nifty closed with a pullback, and today it may continue this trend because GIFT Nifty indicates that. However, if you look at the wave count, every swing has a three-wave count. There are many variations with three-wave structures, but here we can take these two variations for simplicity: 1. **Diagonal Variation:** - In this variation, it shouldn't close the candle above the level of 24,473. If it happens, we can expect a correction. - This means if the market initially declines sharply or, after the gap-up, if it rejects around the level of 24,473, then it may turn into a correction. - However, confirmation is expected from the 38% Fibonacci level breakout in the minor swing. If this happens, we can expect a minimum of 50%, 78%, and 24,175. - If it doesn't break this level, it will continue the moderately bullish sentiment. This is our current variation. 2. **Pullback Continuation:** - In this variation, we could complete the correction to the first three swings from the start of the correction. So, if the gap-up sustains above the level of 24,473, then we can expect pullback continuation with some consolidations. The targets are a minimum of 24,588 to 24,635. This is our alternate variation.
NSE:NIFTY
by Manickamtraders
4
#Nifty directions and levels for September 9th.Good morning, friends! 🌞 Here are the market directions and levels for September 9th. Market Overview: Global markets are showing a bearish trend, as indicated by the Dow Jones, and our local market reflects a similar sentiment. However, today, the market may open with a gap down, as SGX Nifty is indicating a negative move of around -80 points. Both Nifty and Bank Nifty experienced a solid correction in the previous session. Structurally, we can expect today's movement to shift from correction to consolidation, and we can check the charts to see how this is likely to unfold since both Nifty and Bank Nifty are showing the same sentiment. Nifty: Current View: Gift Nifty is indicating a negative start, but when we look at the wave structure, we can see a 5th sub-wave within the 3rd wave (minor swing). Structurally, further long correction seems less probable, so if the market faces rejection around the immediate support level, we may see a bounce back of 23% to 38% in the minor swing. According to the wave structure, this bounce back could be the 4th wave. This is our first scenario. Alternate View: If the correction doesn't result in a pullback or if the market breaks the immediate support level decisively, the 3rd wave could extend further to levels between 24,717 and 24,672. > In this case, we should focus on the structure, as the 5th wave is a distribution wave. If the market breaks the support level with a solid candle or consolidates around it, the correction will likely continue further. However, if the market approaches the support level gradually, it may not fall significantly.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for August 30th.Good morning, friends! 🌞 Here are the directions and levels for August 30th. Market Overview The global and local markets are still maintaining their current sentiments. Globally, the market is in a consolidation phase with a bullish outlook, supported by the Dow Jones. Locally, the market shows a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the SGX Nifty indicates a positive 40-point move as of 8:00 AM. > Both Nifty and Banknifty are still adjusting to their time patterns. Nifty is following an expanding diagonal pattern, while Banknifty is moving within a range. > Currently, Nifty is setting up for its next movement, but Banknifty is not yet aligning with this direction. We can expect a similar sentiment today due to the structural patterns. > However, if Banknifty breaks to the upside decisively, it could lead to a long rally for both Nifty and Banknifty, as Banknifty has been consolidating after a long rally and might be forming a flag pattern. Today's Charts Nifty Current View: The gift Nifty indicates a slightly positive start. If the market opens with a gap-up, it may reach the supply zone on the upside. If the market consolidates there or breaks through the supply zone decisively, the rally is likely to continue. This is our first scenario. However, considering the diagonal pattern, there is also a possibility of rejection. I will outline this in the alternate view. Alternate View: If the market initially declines or experiences a rejection at the supply zone, a correction of 23% to 38% may follow. Should the market break below the 38% Fibonacci level, it could continue in an expanding diagonal structure, with a potential correctional target of 61% to 78%. Conversely, if the 38% Fibonacci level holds, the market may sustain its bullish bias.
NSE:NIFTY
by Manickamtraders
#Nifty directions and level for August 29th.Good morning, friends! 🌞 Here are the directions and levels for August 29th. Market Overview The global market is moving in a consolidation structure, and it has a bullish sentiment based on the Dow Jones. Meanwhile, our local market is showing a moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as the SGX Nifty indicates a negative 50-point move as of 8:00 AM. In the previous session, again, the situation was that even though the market broke the previous high, it didn't sustain that level in the Nifty. The Bank Nifty's story is totally different; there hasn't been as much of a pullback compared to the Nifty; however, it maintained its range. > So, what about today? The first thing is that Gift Nifty is showing a negative start, which is a slightly negative sign for the previous bullish trend. Because the previous bullish trend was moving diagonally, we can interpret this in two ways: as time adjustment or as a potential reversal. So, if today’s gap-down sustains, then it may go a little further down. I will explain this on the charts—let's jump into them. Nifty Current View: > If the market opens with a gap-down, then it may take a bounce back of 23% to 38% around 24,983 or 24,943. Even if this happens, structurally it won’t sustain. Once it rejects there, then the correction will likely continue. This is our first variation. > In this case, if it consolidates around the immediate support level, the same bearish sentiment will continue. Alternate View: Alternatively, if the initial market takes a solid bounce back and breaks the 38% Fibonacci level in the minor swing, then it may turn into a range market between the previous day's range.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for July 29th.Good morning, friends! 🌺🍬 Here are the market directions for July 29th: The global market has a moderately bullish sentiment based on the Dow Jones, and our local market mirrors this sentiment. Today, the market may open with a gap-up, as indicated by the GIFT Nifty, showing +130 points at 8:00 am. Structurally, Nifty and Bank Nifty differ but may both continue their pullbacks today. Let's examine each one: Nifty: Nifty experienced a strong rally in the previous session, which could be identified as sub-wave 3. If the market opens with a gap-up, this 3rd wave may continue towards the 24956 to 25067 range. If the market hits one of these resistance levels and then reverses, we can expect a minor correction forming the 4th wave. Typically, the 4th wave is a consolidation phase, potentially leading to a 23 to 38% retracement in the minor swing. This is our primary scenario. Alternatively, if the gap-up doesn't sustain, we could complete the 3rd wave immediately, and the decline could be considered the 4th wave. There are no significant changes in the 4th wave levels; it could take a maximum of 23 to 38%. However, if the decline has a solid structure and breaks the 38% Fibonacci level, it could turn into a correction.
NSE:NIFTY
by Manickamtraders
2
#Nifty directions and levels for July 24th.Good morning, friends! 🌺🍬 Here are the market directions for July 24th: The global market has a bearish sentiment (based on the Dow Jones). Our local market, however, maintains a structurally moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as indicated by the Gift Nifty, which shows -60 points at 8 am. Structurally, both Nifty and Bank Nifty are range-bound, so they might continue in this manner today. In the previous session, both Nifty and Bank Nifty experienced significant movements due to the budget announcement but closed with a solid pullback at the end of the day. Structurally, this indicates potential for further continuation. It's important to note that The budget announcement of the previous session may affect the market today, so we should trade cautiously. However, I have analyzed my sentiments for Nifty and Bank Nifty, so let's examine them one by one. Today's sentiments: Nifty: If the gap-down sustains and breaks the 38% Fibonacci level, it may again enter the range market. This is difficult to trade, but my expectation is if it breaks the 38% Fibonacci level, it may reach the 78% with some consolidation. This is our first variation. In this variation, after that correction if it also breaks 78%, the correction may continue further. Alternatively, if the decline finds support around the 38% Fibonacci level, it’s a sign of a bullish bias. We can expect a pullback continuation if it breaks the minor swing high. Until then, it may consolidate between the minor swing high and the 38% Fibonacci level. Note: If the market opens with a gap-up and breaks the minor swing high, the rally will continue. The upside levels remain the same.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for July 19th.Good morning, friends! 🌺🍬 Here are the directions for July 19th: In the last session, the Dow Jones fell drastically, indicating a negative bias. Our local market has a mixed bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as indicated by the Gift Nifty, which shows a +10 points. Nifty and Bank Nifty are showing different structures. Nifty has a solid bullish structure, while Bank Nifty is in consolidation. Let's look at this one by one. Nifty: In the previous session, Nifty had a huge movement at the end of the day, making a new high with a solid handle. What’s next? I will explain step by step to help you easily understand. Point 1: If you roughly look at the chart, it shows a solid bullish structure. You can expect the rally to continue if it breaks the previous high. This is the basic structure. Point 2: But even if made a new high with solid candle The RSI did not break the previous high in 4H, 1H, or even 15min. At the same time, the Dow Jones also fell drastically. Point 3: And if u look at the Bank Nifty it did not participate in this rally. but it has a consolidation. If it breaks the consolidation, it may help continue the rally. The probability is uncertain. Considering these three points, it’s complicated to conclude the direction. Here’s my opinion: if the market breaks the previous high and Bank Nifty supports it, we can enter a long position, which may yield better results. Alternatively, if there is a solid breakout candle, you can enter, but the decision is yours. This is our bullish variation. Bearish view: Alternatively, if the market declines initially, we could wait for the 38% Fibonacci level breakout. If it breaks, we can expect a correction of a minimum of 50% to 78%. On the other hand, if it doesn’t break 38%, then it will maintain the bullish bias.
NSE:NIFTY
by Manickamtraders
1
Nifty Expiry Special Analysis || Guy's Markets on Support ZoneGood Morning Traders, Nifty and other indian Indices has done blood bath in yesterday session. American market has also done same. Now Gift Nifty suggesting a Gap down opening in market. Option data suggested that the 10600-19500 may act as a key support area for the nifty. while the 10800-19900 will remain crucial hurdle on the higher side. Well if i tell you chart analysis, then nifty have formed a long bearish candlestick pattern on the daily timeframe. Well market is on support zone, if market shows any positivity and form any kind of bullish pattern then definitely you should take a chance for upside. Important Levels for Nifty:- Intraday Support Zone 19500 Strong Support zone 19300-19350 Intraday Resistance Zone 19700 Strong Resistance zone 19850-19900 Buy above 19725, if levels sustains at least for 15 mints. Targets we can see in upside 19790/19847 Keep stop loss at 19650 Sale below 19578, if levels sustains at least for 1t mints. Targets we can see in downside 18497/19426 Keep stop loss at 19650 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:NIFTY
by TraderRahulPal
Nifty intraday levels for today 26/Sep/2023Good Morning Traders. Nifty has formed a dogi kind of pattern, seems indecisiveness among bulls and bears abt near term. OI is suggesting that 19600-19500 will be near term support, and 19800 can act like strong resistance zone for nIfty. Global market is showing bearishness today, GIFT Nifty also suggesting a gap down opening in market. If i talk about trend in the market, Nifty can consolidate between 19500-19850 levels. Let's see what is going to happen, we will act according to our chart pattern. Important levels for Nifty:- Strong Resistance Zone 19800-19850 Strong Support Zone 19500-19550 Buy above 19725, if levels sustains at least for 15 Mints. Targets we can see in upside 19784/19844 Keep stop loss at 19629 Sale below 19629, if levels sustains at least for 15 mints. Targets we can see in downside 19566/19502 Keep stop loss at 19725 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:NIFTY
by TraderRahulPal
Expiry Special Analysis NIfty |Hero Zero trade will be by 1:15pmGood Morning Traders, After a day of consolidation, market has gained momentum with the closing above psychological milestone (20000), first time in September. Rally was specially in banking stocks. I think this bullishness can take nifty towards 20200-20450 levels in coming days, if nifty holds 19900-19800 levels. Global market still showing mix momentum, American market has given good closing in yesterday session. Gift Nifty also indicating minor gap up in Nifty around 33 points. Important levels for NIfty:- Support zone for intraday 19950 Resistance zone 20110-50 Buy above 20090, if levels sustains at least for 15 mints. Targets we can see in upside 20143/20191+ Keep stop loss at 20040 Sale below 20040, if levels sustains at least for 15 mints. Target we can see in downside 19949 Keep stop loss at 20090 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
Nifty Intraday Support & Resistance Levels for 05.09.2024On Wednesday, Nifty opened with a gap down, breaking below the 30m demand zone and hitting a low of 25083.80. However, it recovered by the end of the day, closing at 25198.70. Both the weekly and daily trends (50 SMA) remain positive. As of now, GIFT NIFTY is trading 90 points higher, indicating the possibility of a gap-up opening today. Support Levels: Near Demand/Support Zone (Daily): 24964 - 25052 Near Demand/Support Zone (Daily): 24771 - 24859 Resistance Levels: Near Supply/Resistance Zone (15m): 25260 - 25285
NSE:NIFTY
by PriteshPal