As we discussed, Nifty has been moving in a sideways range-bound market in the range of 21500 and 21750. right now, it is on a support line. If it breaks to the downside, it can achieve a nice bearish target. But as we can see, it had formed an insider candle in the time frame. According to the OI data, PCR is 0.65 overall. The market has shown a bearish structure...
NIFTY Levels for Today
Here are the NIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances.
The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop...
BANKNIFTY Levels for Today
Here are the BANKNIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances.
The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL...
BankNifty Analysis - Stance Bearish ⬇️
BankNifty was more sensible today. Firstly the gap-up was not so huge to scare away the bears - so they hung around. Secondly, there was no breakaway momentum, by 11.07 things were getting pretty clear that the upmove ran out of steam.
4mts chart link
And when the selling came, it was ferocious. Bears also had to make...
Nifty Analysis - Stance Bearish ⬇️
Recap from yesterday: “The breach of the upper trend line of the ascending channel is quite visible in the higher time frame. Ideally, it is not a pure bearish signal as we are technically still in the bull market. We are changing the stance to bearish from neutral for the ultra-short-term only. If Nifty50 manages to crawl back...
Banknifty Prediction for Tomorrow
SIDEWAYS to BEARISH Trend.
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty Prediction for Tomorrow
SIDEWAYS to BEARISH Trend.
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
NSE:NIFTY 9thJan24 Small gapUp in the price rage highlighted.
Follow strict stop loss.
Do your own research before investing or trading in any stock or indices or crypto.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
My analysis on Nifty for tomorrow is range bound as shown on charts, any move on either side can only be seen after breakout or breakdown of this range.
I expect a flat opening in market tomorrow,
If markets moves on positive side targets are 21650, 21722. 21794 respectively
If Markets moves on negative side targets are 21500, 21456, 21410, 21320 respectively
FinNifty has closed 220 point lower before the expiry and it can remain in the bearish mood as the daily close just.
It has been respecting a support line and is around the daily 20 ema.
Major support levels :- 21230, 21175, 21000-50
Resistance :- 21380, 21450
RSI on the daily charts is showing a bearish divergence and there are chance of a trend expiry...
On the smallest time frame..It might be time to show a little caution.
On the extreme short term if the Nifty breaks 21495 it could lead to filling the gap and short intraday weakness or weakness for the next couple days
Maybe down to 21350/21375.
Ps: These are purely short term trades based off lower timeframes.
Banknifty has given fall in the second half and fell almost 700 points from the day high.
Now the market has confirmed a bearish trend as it has been forming a lower low lower high formation.
It is taking support from 200 hourly ema and closed 200 points lower.
Tomorrow is weekly expiry and anything below 47150 will drag banknifty to test 46920 levels.
Major...
Weekly candle is a doji and has closed near the previous candle close.
Nifty is in a bull run. There will be some movement around the ATH of the market.
It has closed just 20 points lower on the weekly charts.
61.8% fib levels is still around the daily close. The market has been consolidating and can continue to consolidate.
Major upside resistance...
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Bank Nifty - 10/01/2024 - Levels
IMPORTENT ZONE FOR THE DAY: 47430 – 47455
Important Support and Resistance for the Day...
Support - Resistance -
Support-1: 46950 Resistance-1: 47430
Support-2: 46500 Resistance-2: 47850
Support-3: 46000 Resistance-3:...
#Banknifty:10th December
Step1# if Gapup/ Flat... go short around 47777.
Step2# if Gap down 47150 -47030 is support zone. Go confirmed long.
Step3# Day close zone could be 47150 -47030.
Step4: Swing low 46928.
Bank Nifty Support and Resistance Levels (10/01/2024):
#### Support Levels:
1. **Support Level 1:** 47,230
2. **Support Level 2:** 47,000
3. **Support Level 3:** 46,736
- If the market breaks below 47,000, it could signal a potential further decline in Bank Nifty.
#### Upside Resistance Levels:
1. **Resistance Level 1:** 47,478
2. **Resistance Level 2:**...
