NIFTY FALL TO 21500❗❗❗❗There is a high chance for nifty to reach 21780 and 21550. If today big fall means it will reach these prices. Orelse it will reach on next week. Learn to analyse by yourself is better for you.Shortby tradbooker1
NIFTY Levels for May 10, 2024NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas. by RainingMoneywithTech4
BANKNIFTY Levels for May 10, 2024BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.by RainingMoneywithTech3
#NIFTY Intraday Support and Resistance Levels -10/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22000 level and then possible upside rally up to 22120 level in today's session. in case nifty trades below 21940 level then the downside target can go up to the 21820 level. by TradZoo1
Nifty Expiry trades and targets - 10/5/24Hello Everyone. The market was in a bearish mode previous day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.by GOPISRI1
[INTRADAY] #BANKNIFTY PE & CE Levels(10/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level in todays session. Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level & this rally can extend another 400 points if market gives breakdown 46950 level. by TradZoo1
BankNifty Support & Resistance Levels for 10.05.2024BankNifty faced a notable downturn as it breached the support level of 47737 and closed below, signalling market weakness and potential further downside. Any bounce observed might serve as an opportunity for a "Sell on Rise" strategy. The immediate support lies within the range of 47204 to 47345, while the closest resistance zone for BankNifty is positioned between 48222 and 48457. Meanwhile, a more distant support zone is identified at 46870 to 47015. Traders are advised to exercise caution and closely monitor these levels amidst the prevailing market conditions.Shortby PriteshPal3
#Banknifty Directions and Levels for May 10th.Bank Nifty has the same sentiment. Even though if it opens with a gap-up, it won't sustain. So, if the market declines initially, then we can expect correction continuation with minor pullbacks, which may reach a minimum of 47129 to the demand zone. The alternate variation is the same as with Nifty. If the gap-up sustains, it may reject around 23%. After that, if it breaks, it may reach a minimum of Fibonacci level 38 to 50%. However, if it rejects there(23%), then it may lead to a range market to correction."Editors' picksby Manickamtraders66312
#Nifty Directions and Levels for May 10th.Good morning, friends! 🌺🍬 Here are the directions for May 10th: The global market maintains a moderately bullish sentiment (based on the Dow Jones), while our local market sentiment indicates a bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +40. Nifty fell drastically yesterday too. The structure suggests the correction could continue further, but GiftNifty indicates a gap-up start. So, how can we interpret this? Simply put, the first variation is that even though the market opens with a gap-up, it won't be sustained. If it happens, then we can expect a minimum of 21882 (DZ). After that, if it takes a sharp pullback, we can expect a minimum of 38% pullback wave. On the other hand, if it doesn't find support there or consolidates, then the correction may continue further. The alternate variation suggests that if the gap-up sustains initially, we could wait for the Fibonacci level 38% breakout. If it breaks, then it may reach the Fibonacci level 61% with minor consolidation. However, if it rejects there(38%), then it may lead to a range market to correction, as the trading market mostly respects the Fibonacci level 38%.by Manickamtraders226
Nifty Support & Resistance Levels for 10.05.2024Nifty encountered a downward move, breaching the first support level highlighted yesterday and reaching the second support zone between 21850 and 21937. Although there might be a slight rebound in sight, indicated by GIFTNifty signalling a potential GAP UP opening, caution is advised as the market appears to be in "Sell on Rise" mode. The nearest resistance levels stand at 22148 to 22187, with further resistance observed between 22244 and 22369. Meanwhile, the nearest support remains unchanged from yesterday, ranging between 21850 and 21937. Traders are advised to stay vigilant amid the current market conditions.Shortby PriteshPal2
Banknifty Intraday Prediction Levels for 10 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade. by suraranjanganguli0
Nifty Intraday Prediction Levels for 10 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade. by suraranjanganguli0
SENSEX GANN ANALYSIS FOR MAY EXPIRY 3 HOURS CHART 10 MAY 2024...Sensex has made a Double Top on 09 Apr 2024 at 9:15 at 75123.30 which was ATH and 10 Apr 2024 at 12:15 at 75105.14. 75000 was a big round number to watch and an achievement in itself for Sensex. Thereafter we saw Profit Booking coming in very fast on it. We corrected downwards till 71816.46 at 9:15 am on 19 Apr 2024. We had a cluster support coming in at 71883.94 and 71981.81 on it. Then came a good recovery to make another Double Top at 75111.39 at 12:15 on 30 Apr 2024 and Lower Top was 75095.18 at 9:15 0n 03 May 2024. This near the Gann Mid Seasonal date of 05 May. Sensex was unable to sustain above 75000 in four attempts made by it. So return journey had targets till the earlier lows of 71816.46 made on 19 Apr 2024. Currently we have targets of 72334.18 on 09 May 2024 at 15:15. The level to watch for today are 72470.75 as our trading bias. Range to was is 72764.15 and 71177.34 for trading purpose. Any expansion could see extended range of 73057.55 and 71883.94. We are done a lot of damage till now and are very near double bottom levels. So be ready for any pull back if it comes it will be very furious. So do not get trapped in it. Happy Trading !!! by kbr91219655
BANKNIFTY Intraday Trading IdeaThe chart shared itself is self explanatory. My plan will be as follows : In case 1, I will buy 47800CE when Banknifty touches 47815.8 and shows any confirmation on M1. In case 2, I will buy 47600PE when Banknifty touches 47513.45 and shows any confirmation on M1. In case 3, will buy 47500CE when price touches 47513.45 and shows any confirmation on M1 . Also will buy 47900PE when price touches 47815.8 and shows any confirmation on M1. Entry confirmation means if u see engulfing candles/morning star/evening star at the above mentioned levels. All the best everyone.by DhananjayaShetty112
NIFTY failed to REVERSE! What’s next? As we can see NIFTY broke down our channel and fell unidirectionally despite our view being on the buy side as we expected a strong REVERSAL from given levels. Now we can see it has formed more like a marabozu candle in daily time frame showing weakness hence if NIFTY opens weak to flat then we may see another strong downfall else if opens strong and inside the structure then we may see a strong REVERSAL so must be ready for both side tomorrow so plan your trades accordingly.by Wealthcam227
Bank Nifty witnessed decline for another session !The Index broke below imp level of 47500 Today BNF showed less correction as compared to Nifty... Any Long position can be avoided until it sustains above 48200 level & look for Bearish pattern at imp resistance zone Upside hurdle is near 48200 zone, whereas immidiate support is around 47800 /700 level *For Educational Purpose by Himanu_HATradeTalk12
Nifty formed a long Bearish candle on Weekly Expiry DayNifty continued with more correction on thursay expiry session The index after breaking the support of 22200 in 1st half, witnessed more correction in last hours to slip below imp 22k zone The Index has also come in oversold zone, a pullback in the market is possible But until Nifty closes above 22500 level, selling pressure may come from upper levels From here, upside hurdle is placed at 22,200 & Imp support is placed at 21,800 *For Educational Purpose by Himanu_HATradeTalk11
Nifty : Levels to WatchNifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 10-5-24 Nifty has broken a Trend Channel’s Lower Support Line with BIG Price Breakdown and closes below it for the first time after Jan.24. Now this Support Trend Line will become A Very Tough Resistance for any Relief Rally. A Short covering upto 22150-22200 may be seen. Take this opportunity as for cut Long or Initiate Short position nearby this with Stoploss of 22310. After failed attempt to break the 22200 upside then a big fall will be seen in coming days. In Hourly chart it is showing Lower Highs and Lower Lows. Double TOP formation will confirm when it breaks the level 21775. The Downtrend will begin for a long time. Sell/Book Profit on every Rise of 6-10% of any stocks with strict stoploss (Which will be given by your financial advisor. Do not trade if you don’t know the stoploss). Gap UP/Down Opening : If high of First Hour is not broken then put stoploss there for all short positions. If Low of First Hour is not broken then put stoploss there for all Long positions. For New position : for Upside : Buy Nifty above 22001 Stoploss 21913 it may touch 22028---22072---22143---22259---22330---22445 for Downside : Sell Nifty below 21913 Stoploss 22001 it may touch 21886---21842---21771---21655---21584---21469 Stoploss 22300 for All LONG Positions For Short term Trend Stoploss 22000 for All LONG Positions For Mid term Trend Stoploss 21710 for All LONG Positions For Long term Trend All above levels are of Nifty Spot. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. 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. Thank you. Shortby maneeshaggarwal0
09 May 2024 - 47465 is the real laxman rekha, break 2 go full 🐻BankNifty Analysis - Stance Bearish⬇️ The bearish call on the BN was spot on, but we ended the day less bearish than N50, for me that is not good enough. Most importantly, BN did not breach the support of 47465, this was very crucial for the momentum to build. I am not exactly sure if we will start negatively tomorrow or not, a huge gapup or gapdown may work in our favor, but if BN is opening flat at the SR level - it may even move up a bit. 47465 for me was the critical support that we failed to break. The price action on a few of the bank stocks looked pretty scary. HDFC Bank -2.37%, IndusInd -2.85%, RBL Bank -3.07%. The only reason we did not fall that much was because ICICI Bank, Kotak, and SBI were holding good at the other end. The biggest doubt I have these days is Kotak is at multi-year lows, HDFC Bank is almost at the 2020 levels but BankNifty is simply near the ATHs - is ICICI, SBI, and Axis Bank responsible for the stark outperformance??? The stance is still bearish, but the first thing we need to do in the morning session is to take out the 47465 levels failing which we could get a minor pullback or short covering. Algos ended up generating 8253 INR, not bad despite a trending day.Shortby viswaram3
09 May 2024 - The decision to stay Bearish paid off handsomely🐻Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "On a closing basis, N50 finished the day above 22295 at 22302. Ideally, I should change the stance from bearish to neutral, but let me give the benefit of the doubt to the Bears for one more day." If you look at the horizontal lines, it may appear like I drew them today after the Nifty's move. Thankfully many of my readers know pretty well that these lines were drawn way back and somehow the support/resistance levels look magically working. Nifty opened below the 22295 level, closed the gap, and then started falling. The first candle gave the impression that N50 would stay neutral today, but after the 3rd candle, things were looking quite resourceful for the Bears. Even then, I never thought we would fall 345 points today, the max target I had in my mind was to retest the 22051 levels and then settle there. 22051 SR zone is shown in the 2nd blue highlight. From 12.51 to 14.31, N50 spent its time there before breaking down. The next major support was at 21913, but we did not go there thankfully. On the higher timeframe, N50 has made a massive double top, see the black dotted line. If it materializes, it could even be a real shocker to the bulls out there. Just like we discussed this week, if 21913 is getting taken out, the inverse H&S pattern will get negated. I am not really sure how my algos are minting money. The strategy I have is straddles and ideally in trending markets, I should be losing - maybe it has something to do with the unusually high VIX.Shortby viswaram4
10 May 2024Here is level for tomorrow session of nifty . Tomorrow we can get both side of trade CE and PE side . If trendine break then we can go upside with small sl by ps96033170
NIFTY, AT MAKE & BREAK POINTToday fall Nifty closed at make & break level, tomorrow either side confirming the next trend, if reversal like few previous time then good, if goes below then market trend convert to bearish. Thank you.by Gajendra3691
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FO 10 MAY 202410 MAY 2024 WORLD MARKETS 1. All the world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is increasing everyday, indicating more bearishness. 2. GIFT Nifty is indicating a 50 points uptick at 22050 .This amounts to 47600 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has reached a good support level of 1440 - 1420. So we may see some bounce back. 2. ICICI Bank has strong resistance at 1117. It has good support at 1090. 3. Reliance is bearish and has support at 2740. ANALYSIS 1. The election is making the markets jittery. So this volatility will remain till June 04. 2. So idea is to make best use of it. High volatility also increases option premium and a good entry and exit will definitely benefit. But do not go more than two bars. Book profit after 2 nd bar. 3. Nifty has good support at 21800. 4. Bank nifty has support at 47000. 5. We may opt for sell on rally. TRADING PLAN 1. NIFTY OPEN BETWEEN 21850 - 22062 : Sell Any rally to 22100 and break below 22000. 2. NIFTY OPEN ABOVE 22062: Wait for a consolidation and break above 22250. However any weakness at 22100 and break below 22000 is a sell. 3.NIFTY OPEN BELOW 21850 :we may expect a pull back to 22000. 4.BANK NIFTY OPEN BETWEEN 47270 - 47730 : Sell any rally to 47700 and break below 47500. 5. BANK NIFTY OPEN ABOVE 47730 : Wait for a break above 48000. However any weakness at 48000 and break below 47700 is a sell. 6. BANK NIFTY OPEN BELOW 47270 : Sell any rally to 47400 - 47500. Tgt 47000. 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. Shortby sam200519680