Nifty to make a Quick correction before result day!Open to discuss my view if you're confused at Elliott Wave! Nifty MIGHT get in ZIGZIAG ABC correction to reach 22720-22660by chirag_shewale332
Mighty Nifty - May 27Price was facing resistance at 23000 and unable to sustain above it and consolidated in a narrow range on friday. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 23020. Stop Loss : 22980. Targets : 23060, 23100, 23140 and 23180. Sell below : 22920. Stop Loss : 22960. Targets : 22880, 22840 and 22800. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.by vanathi8
Nifty 25k soon!Expect NIFTY to test 25,000 levels in coming few weeks . NIFTY on weekly gave a rising wedge upside breakout which is a low probability event . Low probability events lead to trapped buyers/sellers on both sides. Price usually reached the approximate height of the pattern where both will enter/exit new positions. Cheers @piyushrawtaniLongby piyushrawtani4
Nifty Weekly Analysis For 27-05-24 to 31-05-24Nifty Weekly Analysis For 27-05-24 to 31-05-24 Nifty has given a breakout and close above its major resistance 22700-22800, the same level will now act as support for nity. If Nifty gives a pullback and tests support, Long from 22800 for the target of 22950/23050. And If Nifty Sustains above 23050, next target will be 23150/23200. Failure of breakout, i.e. Short level is below 22700 for the Targets of 22580/22480 on Downside.Shortby n99trades3
Nifty levels and zones for coming week NSE:NIFTY 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between zones. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.by Trading_hawk2
Nifty Target by July 2024The nifty has a Flag and pole pattern break out on the weekly chart. The Target is 26756. Longby PushkarWagh6
Nifty - Intraday Trade Opportunity for Week of May 27!An impulse is currently developing with distinct waves labeled as 1, 2 and 3. Should the nifty index decline in a clear ABC pattern towards the highlighted grey zone on the chart, and if we observe bullish candlestick formations such as the morning star or bullish engulfing, it may be a suitable opportunity to enter a long trade and hold it until the price reaches the high of 23030. All the mentioned criteria including stop loss are clearly indicated on the chart. Notice: Please be aware that the information provided in this analysis is intended solely for educational purposes. It is strongly advised to consult with a financial advisor before making any investment decisions. I cannot be held responsible for any financial losses that may occur. by harshit221
Banknifty trend analysis with important levelsNSE:BANKNIFTY An ascending channel is a technical analysis pattern used in financial markets to describe the price movement of a security or index, like the BANKNifty. It's formed by drawing two parallel trendlines that connect the higher highs and higher lows of the price action. This pattern indicates a bullish trend, with the price making higher highs and higher lows over time within the channel boundaries. Traders often look for opportunities to buy near the lower trendline and sell near the upper trendline of the ascending channel. Important Levels of Banknifty 49974 48285 47737 46579 45828 Levels in trading, often referred to as support and resistance levels, are crucial because they provide traders with key points of reference for making decisions. Support levels represent price levels where a security has historically had difficulty falling below, indicating a potential buying opportunity. Resistance levels, on the other hand, are price levels where a security has historically struggled to rise above, suggesting a potential selling opportunity. Understanding these levels allows traders to: Identify Entry and Exit Points: Traders can use support and resistance levels to determine optimal entry and exit points for their trades. Buying near support and selling near resistance can help maximize profits and minimize losses. Manage Risk: Support and resistance levels can also serve as guides for setting stop-loss orders. Placing stop-loss orders just below support levels when buying or just above resistance levels when selling helps manage risk by limiting potential losses if the market moves against the trader. Confirm Trend Reversals: Breakouts above resistance or below support levels can indicate potential trend reversals. Traders often look for confirmation through increased volume or other technical indicators before acting on these breakouts. Plan Trading Strategies: Traders can develop trading strategies based on support and resistance levels. For example, range-bound trading strategies involve buying near support and selling near resistance in sideways markets, while breakout strategies involve trading breakouts above resistance or below support in trending markets. Market Psychology: Support and resistance levels are influenced by market psychology. Support levels represent areas where buyers are likely to step in and support the price, while resistance levels represent areas where sellers are likely to emerge. Understanding market psychology can help traders anticipate price movements and make informed trading decisions.by FALGUN_ARMYUpdated 3
Nifty Trgs Set up & levels given are valid till 3rd June. Bias remains up as long as price is above 22852. Trade as per levels . Levels serve as both support & resistance. Lines drawn on chart are plotted based on some Gann technique. Look for updatesLongby lalitseth9
Midnifty Intraday Analysis for 24th May 2024NSE:NIFTY_MID_SELECT Maximum Call writing of 7.75 Lakh is at 11650 strike followed by 6.87 Lakh at 11400 Strike and 6.66 Lakh at 11500 strike and Put writing of 16.68 Lakh at 11300 Strike followed by 7.53 Lakh at 11400 Strike and 6.94 Lakh at 11200 strike. Index is closed near 11420 level. Index has resistance near 11470 - 11500 level and if index crosses and sustain above 11525 level then index may reach near 11600 level. Index has support near 11350 - 11300 range and if this support is broken then index may tank to 11200 level. NLongby RKMAURYAUpdated 1
NIFTY INTRADAY If price sustain above 23007 for 15min will chess 23063/23097 If not than big fall except to 22875by exactingEagle339932
Indian Election Result June 2024 Effect on Nifty50Nifty Is about to breakout from the trend channel in a daily chart but as we know Indian election results to be declared on 4th June, nifty may take reversal from this point (23000 at 24/27 may 2024) and take support of 22200 (on 31 May/1 June, 2024) and upon 4th June, 2024/Mon when election declared - nifty will show the sharp move in upward direction. Timeline: 24/27 May 2024 ------------ Reversal & Resistance at 23000 24/27 to 1 June, 2024 ---- Downtrend up to 22200 31 May/1 June, 2024 ------ Support at 22200 4 June, 2024 ---------------- Election Result to be declared From 4 June, 2024 --------- Reversal & uptrend upto 23200 Resistance 23200 in a week or two by priyank57213
Nifty buy on dips. Still in the channel!Nifty another attempt at ATH sold off. 22400 level for good entry. Once FED event done clear trend will emerge.Longby TradeSharkHedgeUpdated 2
Nifty What Next 23000 ?Hi friends mates and Trading community so here i am sharing my new trading idea on Nifty, As we all know that on the last trading session that index made new all time high although it was very marginal with the difference of only two points up from previous all time high and luckily i got my target for previous shared idea but yes we got a new all time on board finally, and i must say in this rally we saw the participation of some economy facing companies and constituents of this index like Reliance industries, state bank of India, Bharat petroleum and Infosys mainly they all made their 52 weeks high too and the major stake holder of index is Hdfc bank looks also stable somehow so i feel that we can see 23000 levels in coming sessions but as we know that feelings are having no price in this Merciless market so i prepared a chart for my trading executions in it sharing key levels below mates. So let's quickly talk about my trading idea friends-: Trade One-: So as we got a clear rejections from 22125 levels finally as a strong resistance we can see 23000 (psychological digit) and 23133 after mentioned resistance break and close above, Target marked by the distance between swing high (previous all time high) and swing low after that high. Trade Two-: So 21800 (support) could be a key level on which i focused mainly in previous idea as a resistance and in this idea after breaching that resistance made new all time high and after retested that resistance as a support this time so if this support will break we can see 21500 and 21200 as a target for this trade idea. Above mentioned trade ideas will be applicable on daily candle above or below closure, Rest if i will find anything important about this publication will update accordingly. This publication is meant for only learning purpose, it is not any kind of trading advice. Best Regards- Amit "In the long run, we are all dead" (John Maynard Keynes) by AMIT-RAJANUpdated 2424309
Nifty Wave Count And TrendIts bullish but not for long term prize can retrace and break avgs of minor wave 2 of 5 avgs should hold the prize for this viewLongby KardamRishiUpdated 2295
Nifty is currently trending within an ascending channel.NSE:NIFTY Time Frame: Daily Ascending Channel An ascending channel is a technical analysis pattern used in financial markets to describe the price movement of a security or index, like the Nifty. It's formed by drawing two parallel trendlines that connect the higher highs and higher lows of the price action. This pattern indicates a bullish trend, with the price making higher highs and higher lows over time within the channel boundaries. Traders often look for opportunities to buy near the lower trendline and sell near the upper trendline of the ascending channel. Traders can confirm trade with Price Action to initiate the trade Critical levels have been marked on this chart.by FALGUN_ARMYUpdated 5
BN TRG 49500BN setup & levels valid till 4th June . Bias up abv 48830 Trg 49500 & abv that can expect 50080. Trade as per levels. 27th Trend change date can expect some strong moves - mark high & low to decide further direction. Look for updates. Longby lalitseth2
Nifty Intraday Analysis for 27th May 2024NSE:NIFTY Highest Call writing near CMP is at 23000 Strike of 67.19 Lakh followed by 36.71 Lakh at 23100 Strike and 36.10 Lakh at 23200 strike. Maximum Put writing of 68.57 Lakh at 23000 Strike followed by 48.87 Lakh at 22800 strike and 47.77 Lakh at 22700 Strike. Index closed near 22955 level. Index has resistance near 23000 - 23050 level and if index crosses and sustain above 23050 then index may reach near 23150 - 23200 level and if index crossed 23250 level then may reach near 23500 level. Index has strong support near 22800 – 22700 range and if this support of 22700 support is broken then index may reach near 22600 level. by RKMAURYA0
Banknifty Intraday Analysis for 27th May 2024NSE:BANKNIFTY Highest Call writing near CMP is at 50000 strike of 27.05 Lakh followed by 22.69 Lakh at 49000 strike and 17.60 Lakh at 49500 strike. Highest Put writing of 31.00 Lakh at 48000 strike followed by 18.00 Lakh at 48500 strike and 16.08 Lakh at 47500 strike. Index closed near 48970 level. Index is facing resistance near 49000 - 49100 level and if crosses and sustain above 49150 level and may reach near 49500 and if crosses 48600 level then may reach near 50000 level. Index has support near 48650 - 48500 range and if 48500 support level broken then index may reach near 48250 level. by RKMAURYA0
Finnifty Intraday Analysis for 27th May 2024NSE:CNXFINANCE Maximum Call writing near CMP is at 22100 strike with 10.80 Lakh followed by 8.96 Lakh Call at 22000 Strike and 7.06 Lakh at 22400 strike. Maximum Put writing is at 8.50 Lakh at 21400 strike followed by 8.15 Lakh Put writing at 21500 strike and 6.90 Lakh at 21800 strike. Index closed near 21850 level. Index has resistance near 21925 level and if crosses and sustain above 21950 level then reach near 22000 - 22050 level. Index has support near 21800 level and if this support is broken then index may reach near 21500 level. by RKMAURYA0
Midnifty Intraday Analysis for 27th May 2024NSE:NIFTY_MID_SELECT Maximum Call writing near CMP is at 11500 strike with 24.01 Lakh followed by 16.92 Lakh at 11600 Strike and 16.35 Lakh at 11700 strike and Put writing of 21.46 Lakh at 11400 Strike followed by 20.55 Lakh at 11300 Strike and 14.35 Lakh at 11200 strike. Index is closed near 11460 level. Index has resistance near 11500 - 11525 level and if index crosses and sustain above 11560 level then index may reach near 11600 level. Index has support near 11400 - 11300 range and if this support is broken then index may tank to 11200 level. Nby RKMAURYA0
We ll see on 27 May - NIFTY 50There is resistance at 22975 if breaks upward with high volume we ll see record break target .....if takes resistance we ll see 22820🎯Shortby ganeshsawant130
Nifty Rally will continue or Fake breakout ?Market is at all time high. Elections results are are near and we can see hugh volatility in market. Chart after breakout will too retrach near 22800. 22800 will be crucial level.Longby harsh6370