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#Nifty directions and levels for Friday, December 27th:Good Morning, friends! 🌞 Here are the market directions and levels for Friday, December 27th: Market Overview The global market shows a moderately bullish sentiment (based on Dow Jones), but our local market is leaning toward a moderately bearish sentiment. Today, the market may open neutral or slightly gap-up, as the Gift Nifty indicates a 40-point positive start. In the previous session, Nifty and Bank Nifty moved in different directions; however, by the end of the day, both closed near the middle of their respective ranges. We are still in a range-bound market, and until the range is broken, we cannot expect any significant directional movement. What about today? It’s a bit difficult to say because Nifty is showing signs of a pullback move, while Bank Nifty is indicating a downtrend. How can we interpret this? Whenever the market exhibits such conflicting signals, it mostly leans toward consolidation. However, if both indices move in the same direction and a proper signal occurs, we can consider taking a position. This is the basic structure. Let’s analyze the chart for more insights. Nifty Current View The current view suggests that if the gap-up sustains, we can expect a pullback toward 38% on the upside. After that, if rejection occurs at this level, a correction can be expected. On the other hand, if the pullback has a solid structure and is followed by a range breakout (above 38%), the pullback is likely to continue further. Alternate View: If the market declines after the gap-up, the range-bound scenario will likely persist. In this case, the corrective targets are expected to reach a minimum of 23,609.
NSE:NIFTY
by Manickamtraders
1
#Nifty directions and levels for December 17th.Good morning, friends! 🌞 Here are the market directions and levels for December 17th. Market Overview: The global market continues to show moderately bearish sentiment (based on the Dow Jones alone), while our local market is displaying a bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty is indicating a negative 40 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty saw a minor correction but did not break the 38% Fibonacci level. Therefore, until the support level is broken, the market will maintain its bullish bias. However, if the support is broken, the bullish momentum may turn neutral to bearish. This is the basic structure; let’s analyze this further with the chart. Both Nifty and Bank Nifty currently share the same structural sentiment. Nifty Current View: The current view suggests that if the market initially takes a pullback, it could reach a minimum of 24,752. However, the rally will continue only if the market breaks this level with a solid candle. If it does, we can expect the next targets at 24,818 and 24,857. This is the basic structure. Alternate View: The alternate view suggests that if the market sustains the gap-down, the levels 24,559 and 24,531 will act as strong support. If the market finds support here, we can expect a bounce back of at least 38% to 78% in the minor swing. Conversely, if this support level is broken, the market may fall further to 24,451 and 24,418. (Note: If you plan to take a position in the bounce back, check for RSI divergence. If divergence occurs, you can enter; if it doesn’t, wait for a 38% Fibonacci breakout in the minor swing. Apply the Fibonacci levels from swing high (24,792) to the upcoming low. Because Range-bound entries can be challenging, and we cannot expect proper swings and in this premium)
NSE:NIFTY
by Manickamtraders
2
#Nifty directions and levels for December 16th.Good morning, friends! 🌞 Here are the market directions and levels for December 16th. Market Overview: The global market is showing moderately bearish sentiment (based on the Dow Jones only), while our local market displays bullish sentiment. Today, the market may open with a slightly gap-down start, as the Gift Nifty is indicating a negative 100 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty moved in two directions; however, by the end of the day, they closed with a solid rally. What about today? > As per yesterday's structure, if the market takes a pullback initially, we can expect further continuation with some consolidation. > Additionally, open interest (OI) and the RSI indicator support this outlook. > However, if we look at this from a broader perspective, it seems we are in a range-bound market. > Therefore, until the market breaks the 38% Fibonacci level on the downside, we can consider this a bullish market. However, if it breaks below this 38% level, we should approach it as a range-bound market. This is the basic structure; let’s explain this in the chart. Both Nifty and Bank Nifty share the same structural sentiment. Nifty Current View: The current view suggests that if the market takes a pullback after the gap-down start, we can expect the rally to continue. However, confirmation should be considered from an effective break of the 24797 mark. This is the basic structure. Alternate View: The alternate view suggests that if the market sustains the gap-down and breaks the 24702 mark, it could reach a minimum of 23% to a maximum of 38%. Structurally, it won’t break 38%. However, if it does break, then it will reach the 50% and 78% Fibonacci levels in the recent swing. Simply put, if you find a three-wave structure while it reaches this level, we can expect a bounce back, which indicates a bullish structure. However, if it reaches the 38% level in a straight line, it will likely continue further once it breaks the 38% mark.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for December 12th.Good Morning, friends! 🌞 Here are the market directions and levels for December 12th. Market Overview: There have been no significant changes in global and local markets, and both continue to maintain a bullish sentiment. Today, the market is expected to open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 10 points at 8:00 AM. In the first two trading sessions of the week, there were no major events in either the local or global markets, leading to choppy movements. However, yesterday, the US market had inflation data released. Interestingly, the market did not react significantly to the data, with the Dow Jones ending slightly negative. This indicates that it might not have much of an impact on our market today. What About Today? Even though we are in a range-bound market, the overall bias remains bullish. So, even if the market starts on a negative note or undergoes some initial correction, it is likely to bounce back by the end of the day. On the other hand, if the market pulls back and sustains its levels, we can expect the rally to continue. It's important to note that these scenarios will only unfold if the market breaks the minor range that I mentioned in the chart. Apart from this, all the relevant information has been discussed in the previous sessions, which we can continue to follow for guidance.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for December 10th.Good morning, friends! 🌞 Here are the market directions and levels for December 10th. Market Overview: There have been no significant changes in the global and local markets, and both are maintaining a bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the Gift Nifty is showing a positive 15 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty maintained a range-bound structure. What about today? We are still in a range-bound market; therefore, we will follow yesterday's levels and sentiments. Until the range is broken, we cannot expect solid movement. On the other hand, if it breaks either to the upside or downside, we can follow that direction.explain this in the chart. Both Nifty and Bank Nifty have similar sentiments. Nifty Current View: The current view indicates that if the market initially pulls back, it could reach a minimum of 24,780, which is a strong resistance level. Until this zone is broken, the range market is likely to continue. However, if it breaks, we can expect the next targets to be 24,905 and 24,956. Alternate View: The alternate view suggests that if the market initially declines, it could reach 24,552, which is a major support level. Until this support is broken, the market will maintain a range; if it breaks this level, we can expect a correction.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for December 6th.Good morning, friends! 🌞 Here are the market directions and levels for December 6th. Market Overview: The global market is maintaining a bullish sentiment (based on the Dow Jones only), while our local market also exhibits a bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the Gift Nifty is showing a positive 30 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty had significant movements but ended positively. What about today? Currently, we are in a positive bias; therefore, if this continues, we can expect a diagonal pattern, which means the market may go up, but not in a straight line. On the other hand, if the market starts negatively, the previous day's range will likely continue. This is the basic structure, which I will explain in the chart. Both Nifty and Bank Nifty have similar sentiments. Nifty Current View: The current view suggests that if the market experiences an initial pullback, it could reject each and every resistance level, indicating that it may form a diagonal pattern. This is a time adjustment and distribution pattern; therefore, once the pattern breaks below the trend line, we can expect a reversal. This is the basic structure. Alternate View: The alternate view suggests that if the market initially declines, it could reach a minimum of 24,481 to 24,416, which is a major support level. Until this support is broken, the market will maintain a bullish bias. If it breaks this level, we can expect a correction.
NSE:NIFTY
by Manickamtraders
1
Due to this conflicts in Israel Nifty can head towards 19500?Good Morning Traders Guy's market was looking very very positive on Friday's evening, as American market had closed on higher, so Gifty Nifty was also showing huge positivity around 100 points. But due to Israel conflict, Everything has been opposed now, American Future showing more than 100 points down. Gift Nifty also indicating negative opening, no doubt if we can see Nifty opening in the range of 19500-19550. But after opening buying can come, if i talk about intraday support, that will be 19500. If this breaks then we might can see more lower levels. As of now we don't have to react much. Any lower levels will be good to enter for long term, i am indicating for investing purpose. Only those stocks can react much whoever has higher FIIS investment, and banks also can react much. Oil futures also showing 3.4%+ increment early in the morning. I think everyone should wait for your opportunity. I mean if you see gap down try to buy somewhere 19500, if we see any bullish reversal on chart. And Guy's there is higher probability market can be highly volatile today. Important levels for Nifty:- Intraday support zone 19500 Intraday resistance zone 19700 Buy above 19657, if levels sustains at least for 15 mints. Targets we can see in upside 19715/19769 Keep stop loss at 19605 Sale below 19605, if levels sustains at least for 15 mints. Targets we can see in downside 19560/19508 Keep stop loss at 19657 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:NIFTYShort
by TraderRahulPal
2
#Nifty directions and levels for November 21stGood Morning, Friends! 🌞 Here are the market directions and levels for November 21st. Market Overview: There are no significant changes in the global market sentiment. The Dow Jones is showing a moderately bearish trend, and our local market is also indicating a bearish sentiment. Today, the market may open neutral to slightly gap-down, as Gift Nifty is showing a negative 40-point movement. In the previous session, both Nifty and Bank Nifty experienced huge oscillations. Structurally, the market closed between minor swings, which makes it seem like a range-bound market. What about today? We are still in a minor downtrend. If the market opens with a gap-down, the same bearish direction may continue. On the other hand, if it takes a pullback initially, we might see some consolidation within the previous session's range. Let’s explain this further with charts. Both Nifty and Bank Nifty are showing similar structural sentiment. Nifty Current View: The current view suggests that if the market declines initially, we can expect a minimum of 23,275 (MDZ) if it breaks the level of 23,399. Notably, if it reaches this level with gradual movement (MDZ), we can expect a minimum bounce back of 23% to 38%. On the other hand, if it reaches this level with a solid structure or consolidates around here, then the correction is likely to continue. This is our first variation. Alternate View: The alternate variation suggests that if the market pulls back initially, we can expect a range-bound market between the previous session's range. This means if it breaks 23,585, it will reach 23,713. After that, if it gets rejected there, it will close where it opened.
NSE:NIFTY
by Manickamtraders
Nifty in Downtrend?We could see that Nifty was unable to close on a positive note today showing chances of a reversal in trend. The channel is being continued even in Gift Nifty as well. Although, the market is waiting for Bullish Budget day announcements, the charts show a negative move. The FII's are also putting Bearish pressure by net Selling their Holdings once Nifty reaches the channel resistance level. Could this be a possible Downtrend or just a retracement for the possible upmove?. I think it's better to wait for fresh buying in Equity, until Budget day is over as the volatility has risen as depicted by India VIX. Share your views as well. This analysis is purely for educational purposes. Do your own analysis before taking any trade decisions.
NSE:NIFTY
by govz2011
Nifty Premarket Analysis- 23 Oct'23 NeMcxTalksStrategy : Trend Lines and Support /Resistance Support : 19330-19480 Resistance 19610 Entry levels: In the last week, Nifty could not hold the 19860 levels and fell sharply to the 19650 levels on wednesday and the previous week expiry touched 500 levels, but, closed around 19630 levels. We still see the selling pressure in nifty window and could not cross or close above 19600 and closed the day without any any clear direction. The coming week being Oct Monthly expiry and a truncated week, we can expect some choppy trade on monday and some action by wednesday and expiry day. Based on the geo political news, Us rate hike , inflation data, rising crude oil prices, all the global markets are witnessing weakness and October expiry could see levels of 19330 and 19240 ranges. Expected close for the expiry could be 19240. Gift nifty on friday, touched below 19500 and hovering below 19500. We can decide the market direction based on early morning trade in Gift nity. Overall view: Bearish. Disclaimer: We are not a SEBI registered analysts. The views expressed are my own and for educational purposes only. Please do the due diligence in executing any trades. Currently i have a neutral strategy carried forward from Friday with a bearish bias. Hit the Like button if you agree Comment for discussions Follow for live updates and notifications. Happy Green Trading.
NSE:NIFTYShort
by iTechnIndica
1
#Nifty directions and levels for January 8th, Wednesday:Good Morning, Friends! 🌞 Here are the market directions and levels for January 8th, Wednesday: Market Overview: The global market continues to maintain a moderately bearish sentiment (based on the Dow Jones), and our local market is reflecting a similar outlook. Today, the market is likely to open with a neutral to slightly gap-up start, as the Gift Nifty indicates a 20-point positive opening. In the last session, Nifty and Bank Nifty opened with a gap-up but didn’t rally much. Based on the wave structure, the market seems to be in the 4th consolidation wave. Yesterday’s movement supports this view. > Unless the market breaks the previous high, we can assume it is still in the consolidation phase. However, if it breaks the previous high, the trend may change. Usually, breaking the 38% Fibonacci level can push the market toward the 78% level. > based on that if the market crosses yesterday’s high, we could see it move toward the 50% to 61% Fibonacci levels. This is the basic structure. Chart structures were discussed in the previous session and remain unchanged, so we can follow yesterday’s sentiment today as well.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for January 7th, Tuesday:Good Morning, Friends! 🌞 Here are the market directions and levels for January 7th, Tuesday: Market Overview: The global market is maintaining a moderately bearish sentiment (based on the Dow Jones), while our local market is has a bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Gift Nifty showing an 70-point positive start. In the previous session, Nifty and Bank Nifty experienced a solid correction. what about next? even if it opens with gap-up start we can expect correction once if it rejects around the 38% mark. because if it takes pullback strucutrelly it couold be a 4th wave, 4th its a consolidation wave and the upcoming wave is 5th, 5th its a distribution wave so as per the structure the moment might be decrese during the 4th and 5th wave. lets look at the structure. Nifty Current View: The current view saying if the market opens with gap-up and its sustains then it could take 23 to 38% pullback in the minor swing. and structurally it could be a 4th wave. The 4th wave is a three-wave structure, and it could also be a consolidation wave. the 4th wave usually doesn't break the 38% Fibonacci level. so once its started to reject there then we can expect correction. this is the basic structure. However, if the market experiences a strong pullback, it could reach the 50% mark. Alternate View: An alternate scenario suggests that if the gap-up doesn't sustain and breaks the previous low then we can expect correction to the level of 23460 to demand zone. if this happens we should consider thats a 5th wave. 5th wave its a distribution wave so if it finds support around 23460 or the demand zone. then we can expect min od 23 to 38% pullback in the overall swing. (before entering the pullback entry pls check some reversal conformation.
NSE:NIFTY
by Manickamtraders
2
#Nifty directions and levels for January 6th, Monday:Good Morning, Friends! 🌞 Here are the market directions and levels for January 6th, Monday: Market Overview: The global market is maintaining a moderately bearish sentiment (based on the Dow Jones), while our local market is also showing a moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Gift Nifty showing an 80-point positive start. In the previous session, Nifty and Bank Nifty experienced a minor decline. However, the structures indicate a range-bound market, so until the range is broken, we shouldn't expect directional movement. Let’s look at the charts. Nifty Current View: The current view for Nifty suggests that if the market opens with a gap-up, 24072 will act as a resistance. This means that until this level is broken, the market will maintain a bearish bias. However, if it breaks 24072, then we can expect a minimum target of 24173, which is also a major resistance level. > After reaching 24173, if it consolidates or breaks this level, we can expect further continuation of the pullback. Conversely, if it rejects this level, the range is likely to continue. This is the basic structure. Alternate View: An alternate scenario suggests that if the gap-up doesn't sustain and breaks the 38% mark on the downside, the correction will likely continue to the 50% mark. Based on the correction structure, if the correction has a solid structure, it will likely continue to 78%. Conversely, if it reaches 50% with gradual movements, we can expect a minor pullback.
NSE:NIFTY
by Manickamtraders
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 29 JUL 202429 JUL 2024 WORLD MARKETS 1. US and Asia are trading with a negative bias, while Europe is trading with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is at 12.9 indicating increase in volatility. 2. GIFT Nifty is indicating 111 points downtick as of now at 24720. This amounts to 52100 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is in a range between 1640 - 1590. Any break of this range will give direction to Bank Nifty. 2. ICICI Bank has made a gravestone doji. 1200 seems to be a good support. 3. Reliance is looking bullish. 3010 is a good support. TRADING PLAN 1. NIFTY OPEN BETWEEN 24900 - 24770 : No trade. 2. NIFTY OPEN ABOVE 24900: Wait for a break out above 25000 decisively. look for consolidation between 24900 - 25000. 3.NIFTY OPEN BELOW 24770: Wait for a consolidation and break below 24700. 4. BANK NIFTY OPEN BETWEEN 51720 - 51088: Sell any rally to 51800 and break below 51500 decisively. 5. BANK NIFTY OPEN BELOW 51086: Sell any rally to 51650 and break below 51400 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 24 JUL 202425 Jul 2024 WORLD MARKETS 1. All the world markets have turned bearish. US markets are down 1 - 1.5%. Asia is down 2 %. INDIA VIX AND GIFT NIFTY 1. India VIX has crashed by 7% below 12. 2. GIFT Nifty is indicating a 64 points downtick at 24360 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank has decisively closed below 1611 at 1607. This is bearish. Next support is at 1570 level. 2. ICICI Bank has resistance at 1225 and support at 1215 and at 1200. Any break of 1215 will be bearish. 3. Reliance has resistance at 3005 and support at 2950 levels. ANALYSIS 1. Today bank nifty underperformed Nifty. It is down 460 points while Nifty is still holding on to 24400 levels. 2. Tomorrow we may see some action in nifty. TRADING PLAN 1. NIFTY OPEN BETWEEN 24467 - 24357: Wait for a consolidation and break above 24500 decisively. 2.NIFTY OPEN ABOVE 24467: Wait for a consolidation and decisive break above 24500. 3. NIFTY OPEN BELOW 24367: Wait for a consolidation and decisive break below 24300. Alternatively any rally to 24450 and break below 24400 is a sell. 4. BANK NIFTY OPEN BETWEEN 51640 - 51000: Buy any consolidation and break above 51400 decisively. Tgt 51800. 5.BANK NIFTY OPEN ABOVE 51640: Wait for a consolidation and break below 51500. 6.BANK NIFTY OPEN BELOW 51000: Sell any rally to 51400 levels. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 01 JULY 2024WORLD MARKETS 1. World markets are looking neutral to positive . INDIA VIX AND GIFT NIFTY: India VIX is below 15 indicating buy on dip scenario. Gifty Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS: 1. HDFC Bank is constantly pushing up and is consolidating at 1700 -1650 levels. However 1693 remain a strong resistance 2. ICICI Bank may pull back to 1170 levels. 1190 is a strong support. 3. Reliance has good support at 3100. ANALYSIS 1. Indices are still buy on dips with good traction from all the index heavy weights. 2. However a pull back cannot be ruled out to 23400 in nifty and 51500 in bank nifty. TRADING PLAN 1.NIFTY OPEN BETWEEN 24060 - 23950 : No Trade. However any consolidation can be accumulated FOR LONG. 2.NIFTY OPEN ABOVE 24060 : Any dip to 24000 levels can be accumulated. 3. NIFTY OPEN BELOW 23950: Wait for a consolidation and break below 23850 decisively. However shorts can be accumulated for any repeated rally to 24000. 4.BANK NIFTY OPEN BETWEEN 52560 - 52121: Accumulate shorts for any rally to 52680 and break below 52500. 5. BANK NIFTY OPEN ABOVE 52650: Any consolidation and break above 52700 can be bought for a short term tgt of 53000. Risk reward may not be good. 6.BANK NIFTY OPEN BELOW 52125: Any consolidation between 52150 - 51850 and break above 52250 is a buy. Any break below 51500 is a sell. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 22 APR 202422 Apr 2024 WORLD MARKETS 1.US Markets are extremely bearish. Europe is also bearish. Asia is looking mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is above 13 at 13.5. At 14 we may see some of the VIX crashing. 2. GIFT Nifty is indicating 92 points uptick at 22230 levels. This amounts to 47800 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank result is out and it seems that the results are in Line with expectations. So we need to see whether further upside is there in HDFC Bank. It has already moved 2.5 % on friday. However if 1550 is crossed which it could not last time, we may see further upside in Bank Nifty. 2. ICICI Bank has resistance at 1077 levels. 3. Reliance is choppy due to its quarterly result is on Monday. So Nifty may remain choppy. ANALYSIS 1. Both the indices have taken support at 38.2 % retracement from the recent low. 2. Bank Nifty has resistance at 47500 levels. We need to see whether it will sustain above it tomorrow. 3. Nifty may get choppy due to reliance quarterly result being tomorrow. TRADING PLAN 1. NIFTY OPEN BETWEEN 22035 - 22260 : NO TRADE. 2. NIFTY OPEN ABOVE 22260. Buy any dip to 22100. 3.NIFTY OPEN BELOW 22035: Sell any rally to 22100. 4. BANK NIFTY OPEN BETWEEN 47880 - 47265 : Any dip to 47300 is a buy. 5.BANK NIFTY OPEN ABOVE 47880 : Wait for a break out above 48035. However any dip to 47500 will be a buy. 6.BANK NIFTY OPEN BELOW 47284: Any rally to 47500 and break below 22300 is a sell. However if consolidation happens between 47300 - 47550 and if there is a break out above 47575, Then it will be a buy. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 08 APR 202408 APR 2024 WORLD MARKETS 1. US Markets are consolidating with a negative bias. 2. Europe is looking neutral to bearish. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is below 12 indicating more bullishness. 2. GIFT Nifty is indicating a 52 point uptick at 22550. This amounts to 48500 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is clearly bullish but it has 200 SMA on daily chart at 1560 levels. This may act as very strong resistance for very short term and may consolidate. 2. ICICI Bank's made a bullish reversal candle. 1090 is a very strong resistance. If it breaks 1995 levels then ICICI Bank may turn bullish. 3. Reliance is taking support at 50 EMA and need to see whether it will bounce back. As of now it is looking bearish. 4. IT is also not supporting Nifty. ANALYSIS 1. Bank Nifty has turned bullish and is aiming to break all time high at 48600 levels. 2. However Nifty is not getting support from Reliance and IT. That can be seen on Friday close when Nifty closed neutral at 22500, Bank Nifty closed 432 points positive. TRADING PLAN 1. NIFTY OPEN BETWEEN 22544 - 22485 : No Trade 2.NIFTY OPEN ABOVE 22550 : Buy any dip to 22520 levels. 3. NIFTY OPEN BELOW 22484 : Wait for a consolidation between 22400 -22480. Buy any repeated dip to 22400 and move above 22450. 4.BANK NIFTY OPEN BETWEEN 48670 - 48300 : Buy any dip to 48300. 5.BANK NIFTY OPEN ABOVE 48675: Buy any dip to 48400 - 48300 levels. 6. BANK NIFTY OPEN BELOW 48300: Buy any consolidation between 48300 - 48100 and move above 48300. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 01 APR 2024.01 April 2024 WORLD MARKETS 1. World markts are closed today due to good friday. However world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX below 13 indicating less volatility. 2. GIFT Nifty is indicating a mildly bullish opening at 36 points at 22350 levels. This amounts to 47200 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is indicating a bullish outlook with a range bound move between 1430 - 1470. Any dip to 1430 is a buy for Bank nifty. 2. ICICI Bank is also trading with a bullish bias and is trying to break out of the range of 1100. 3. Reliance has very good supprt at 2950 levels. 3010 is a strong resistance. ANALYSIS 1. Nifty and bank nifty has turned bullish. Any dip is a buying opportunity. 2. Index heavy weights is trying to break out of the range as mentioned above. 3. We may see some consolidation after a big move but any dip is a buy. TRADING PLAN 1.NIFTY OPEN BETWEEN 22230 - 22430: Wait for adip to 22230 levels before going long. 2. NIFTY OPEN ABOVE 22430: Any dip to 22330 is a buy. 3.NIFTY OPEN BELOW 22230: Wait for a consolidation between 22150 -22230 and buy any break out. 4.BANK NIFTY OPEN BETWEEN 46952 -47300 : Any dip to 47000 is a buy. Wait for a consolidation. 5. BANK NIFTY OPEN ABOVE 47300 : Any dip to 47150 is a buy. 6. BANK NIFTY OPEN BELOW 46950: Wait for a consolidation and buy any break above 47050 decisively. If Bank nifty shows any weakness below 47800, Sell any break below 47800. NOTE 1. Monday will be first day of April, so be cautious before taking trade. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 21 MARCH 202421 Mar 2024 WORLD MARKETS 1. World markets are trading cautious in anticipation of Fed rate decision tonight. 2. World markets are looking bullish. 3. Fed most likely to keep interest rate at 5.5 %. INDIA VIX AND GIFT NIFTY 1. India VIX is down 4.5 % indicating bullishness. 2. GIFT Nifty is indicating 38 points uptick at 21875. This amounts to 46400 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC BANK has resistance at 1435. Any break of 1435 is bullish. 2. ICICI Bank is looking bullish.1090 However is a strong resistance. 3. If these two move in opposite direction, then Bank Nifty may remain choppy. 4. Reliance on the other hand is looking bullish and has support at 2876. Next tgt at 2920. 5. However IT heavy weights are bearish and may bring down the Nifty. TRADING PLAN 1. NIFTY OPEN BETWEEN 21900 - 21777. : Sell Any rally to 21900 and break below 21800. 2. NIFTY OPEN ABOVE 21900: Wait for a consolidation between 21800 - 21950 and buy any break out above 21950. 3.NIFTY OPEN BELOW 21770 : Sell any rally to 21800 - 21830. 4. BANK NIFTY OPEN BETWEEN 46538 - 46083 : Sell any rally to 46500 and break below 46400. Tgt 46000. 5.BANK NIFTY OPEN ABOVE 46500: Wait for a consolidation between 46500 - 46400 and a decisive break above 46550. Tgt 46900. 6. BANK NIFTY OPEN BELOW 46084 : Sell any rally to 46275. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 14 MARCH 2024.14 MAR 2024 WORLD MARKETS 1. US markets are consolidating with a positive bias. Europe is bullish. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX has crashed by 5%. GIFT Nifty is indicating 120 points down tick. This amounts to 350 points for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC bank is looking neutral and consolidating between 1445 - 1465. 2. ICICI Bank is looking bearish. 1090 is still a strong resistance. 1075 is a strong support. 3. Reliance is very bearish. 2875 is a strong resistance. ANALYSIS 1. Bank Nifty looks bearish and trading below 47000. 2. Nifty on the other hand is trading above 22100. 3. Reliance is bearish and may pull down the Nifty. TRADING PLAN 1.NIFTY OPEN BETWEEN 22070 - 22230 : Any consolidation between 22000 - 22100 and break above 22150 is a buy. Wait for a consolidation and buy any dip. 2. NIFTY OPEN ABOVE 22230 : Wait for a consolidation between 22100 - 22230 and break above 22230 is a buy. 3.NIFTY OPEN BELOW 22050: Sell any rally to 22100 and break below 22000. 4.BANK NIFTY OPEN BETWEEN 46970 -46610 : Sell any rally to 47050 and break below 47000. 5. BANK NIFTY OPEN ABOVE 46970 : Wait for a break above 47150. 6. BANK NIFTY OPEN BELOW 46610 : Sell any rally to 46800. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 11 MARCH 202410 Mar 2024 WORLD MARKETS 1. US markets are trading lower. This is due to Fed announcement of core Inflation rate on 14 Mar 2024. The Unemployment rate has come higher. 2. Europe is trading bullish while Asia is mixed. INDIA VIX AND GIFT NIFTY. 1. India VIX is in a comfortable range and GIFT Nifty is indicating a flat to negative opening by 30 points. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bullish. It has a tgt of 1465. 1440 is a good support. 2. ICICI Bank is consolidating with a negative bias. This may restrict Bank nifty move. 3. Reliance has made an engulfing candle. 2920 is a good support. 2968 is a strong resistance. If it crosses 2968, we may expect resumption of uptrend in nifty. ANALYSIS 1. World markes are consolidating due to US Core Inflation news scheduled on 14 march. 2. Markets may remain rane bound till then with a negative bias. TRADING PLAN 1. NIFTY OPEN BETWEEN 22520 - 22450 : NO TRADE. 2. NIFTY OPEN ABOVE 22520 : Buy any consolidation between 22480 - 22520 and break above 22520. 3.NIFTY OPEN BELOW 22460 : Wait for a decisive break below 22440. However 22400 is a good sp. Hence downside gains may be less.Better to avoid this trade. However accumulation of puts can be made after repeated reversal from 22450 - 22460 range. SL 22500 4.BANK NIFTY OPEN BETWEEN 47920-47750 : no trade. BANK NIFTY OPEN ABOVE 47920: Wait for a consolidation between 47800 -48050 . Only buy the break out. Can accumulate at repeated reversal fromm 47800. Agressive buying only above 48050. 6.BANK NIFTY OPEN BELOW 47750 Sell any rally to 48000 and reversal.SL 48100. Tgt 47500. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968