NIFTY Intraday Trade Setup For 20 Feb 2024
Bullish-Above 22200
Invalid-Below 22150
T- 22450 22700+
Bearish-Below 22020
Invalid-Above 22070
T- 21830 21635
NIFTY has closed on a record high today with 0.37% gain today. It has formed a spinning candle in daily TF which indicates indecisiveness. It can trigger both sentiment, above 22200 we would this spinning...
Finnifty End of Day Analysis to Identify Potential Trading Opportunities for the Next Trading Day
Finnifty Supports
Support 1 - 20430
Support 2 - 20310
Support 3 - 20215
Finnifty Resistance
Resistance 1 - 20670
Resistance 2 - 20770
Resistance 3 - 20915
Finnifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis -...
Hello Everyone. I have provided bank Fin nifty trades and targets above. The market was in a very tight range the previous day. Let the resistance or support range break with 15 15-minute candle before going for any trade book profits every 50 points as we are getting very few trending moves. If we do in between these zones premium eating will happen and we end up...
Hello Everyone. I have provided nifty trades and targets above. The market was in a very tight range the previous day. Let the resistance or support range break with 15 15-minute candle before going for any trades. If we do in between these zones premium eating will happen and we end up seeing losses. Book profits every 30 points as we are getting very few trending moves.
BankNifty Analysis - Stance Neutral ➡️
Even though the 4mts chart looks bullish as the moving averages have a positive slope, the reality is quite different. BankNifty has not managed to find the fire to go “BOOM BOOM”, it is totally lazy and lethargic at its current levels. Today we ended up gaining 150 points ~ 0.32% but a few of the major banks like HDFC Bank,...
Hello Everyone. I have provided bank nifty trades and targets above. The market gave both side trades the previous day. Let the resistance or support range break with 15 15-minute candle before going for any trade. Book profits every 50 points as we are getting very few trending moves. If we do in between these zones premium eating will happen and we end up seeing losses.
Nifty Analysis - Stance Bullish ⬆️
Recap from yesterday: “From 15th Dec 2023 to 15th Feb 2024 — Nifty was in a narrow range of 21491 to 21913 with a couple of false breakouts/breakdowns. So we are keeping our fingers crossed this time to validate whether it works out. One way to do that is to check for follow-through price action. Blips do not last that long and...
Fifth winning strike of bulls and Nifty50 made All the Time High that is 22186.
Nifty has form green body candle with long upper and lower shadows.
Currently candle is trading near upper band of Bollinger Band.
Index is forming Ascending Triangle So further uptrend can be seen towards 22381 with support of 21939 level.
⚠️ Important: Always maintain your...
NSE:NIFTY
19/2/2024
Overview- Japanese economy enters recession in 2024, while Chinese CPI data comes out to be underwhelming. Indian economy seems to be the best performing economy in post-covid era with no excessive inflation, no growth contraction and no impending crisis.
Outlook for 20/2/2024- NIFTY has closed at its all-time high, although the market...
20 Feb 2024
WORLD MARKETS
1. World markets are consolidating with a bullish bias. US is consolidating with a positive bias while Asia is looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is up 5% at 16. This is evident from the sellof seen in nifty and bank nifty in the last one hour.
2. GIFT Nifty is indicating a positive bias at 22150. This amounts to...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
FinNifty today remained in a tight range after a gap up opening and has closed around a crucial level. Now, the resistance levels is today's high, wait for the market to breach this level. Entry in bullish trade can be made. If the market consolidate after a slight gap up/down opening, while giving a break out of the level in the second half can give nice trending...
Banknifty has formed a nice bullish candle on the weekly charts and closed 750 points higher.
The market remained in a range for a while and gave a nice break out during the previous week.
In the last trading session market tried to clear the resistance levels of 46600 but couldn't clear the same and closed around 46400 levels.
Major resistance levels :- 46580,...
its possible its forming a contracting triangle price likely to remain b/w 43838-45336 very risky to trade right no both in nifty and BNF one thing is for sure the rise in BNF from the bottom is of corrective nature.
contracting triangle is of a (b) wave forming as (a) is already complete invalidation of contracting triangle is if prices closes above 43838
