Nifty witnessed volatile to Range bound movement today The Index formed bearish candle on Daily TF On the downside the imp support is at 22300/250 while upside hirdle at 22620 zone *For educational purpose only Learn & practice price action conceptsby Himanu_HATradeTalk10
NIFTY DAILY - 6/5/2024Another winning streak of Bear’s, Nifty opens gap up and made day high that is 22588 but didn’t sustain upper level and bear took over the market and drag it down to the 22409 level. Index has formed bearish with small upper and lower shadow on daily chart. MACD is giving Crossdown which indicates more bearishness into the market. Further support of nifty will be 22406 level with resistance of 22562 level. Bank Nifty levels Support – 48677 Resistance – 49057 Today’s Advance Decline ratio of NIFTY50 Advance - 23 Decline - 27 FII Sell – 2168.75 crores DII Buy + 781.39 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂by radha_231
Nasdaq index looking for sell in bigger time As per price action we can see a sell in nasdaq index....... Bcoz it's short term trend is down so we can take a small risk in this setup for better rewardShortby TheMoneyOceanUpdated 4
Nifty Intraday Analysis for 6th May 2024NSE:NIFTY Highest Call writing of 71.25 Lakh at 22800 Strike followed by 66.37 Lakh at 23000 Strike and 64.65 Lakh at 22700 strike. Maximum Put writing of 39.76 Lakh at 22500 Strike followed by 26.25 Lakh at 22200 strike and 25.63 Lakh at 22400 Strike. Index closed near 22475 level. Index fell on Friday (03-05-2024) on rumour about increase in Capital Gains Tax which was clarified by FM that Government has no plan to change in Capital Gains Tax. Index has strong support near 22300 level and less likely to go below 22225 level. Index has resistance near 22700 – 22800 level and if this resistance and contra position may be initiated if index reaches in this range. If unwinding of Call wring position takes place at 22700 and 22800 strike, then index may reach near 23000 level. Longby RKMAURYAUpdated 1
Banknifty Intraday Analysis for 6th May 2024NSE:BANKNIFTY Highest Call writing of 36.25 Lakh at 49500 strike followed by 27.21 Lakh at 50000 strike. Highest Put writing of 16.47 Lakh at 48500 strike followed by 16.20 Lakh at 49000 strike. Index closed near 48925 level. Index fell on Friday (03-05-2024) on rumour about increase in Capital Gains Tax which was clarified by FM that Government has no plan to change in Capital Gains Tax. Index has support near 45625 level and less likely to go below 48490 level. Index may face resistance near 49500 level and if 49600 level is broken then index may reach near 50000 level.Longby RKMAURYAUpdated 0
Midnifty Intraday Analysis for 6th May 2024NSE:NIFTY_MID_SELECT Maximum Call writing of 23.50 Lakh is at 11200 strike followed by 23.11 Lakh at 11100 Strike and 19.09 Lakh at 11150 strike and Put writing of 16.21 Lakh at 11000 Strike followed by 14.89 Lakh at 11100 Strike and 12.45LLakh at 10900 strike. Index is closed near 11060 level. Index fell on Friday (03-05-2024) on rumour about increase in Capital Gains Tax which was clarified by FM that Government has no plan to change in Capital Gains Tax. Index has strong support near 11000 - 10950 level and less likely to go below 10900 level. Index may reach near 11200 level and face resistance near it as the maximum Call writing is at 11200 strike and less likely to close above 11200 level on the expiry day on Monday (06-05-2024). NLongby RKMAURYAUpdated 3
Finnifty Intraday Analysis for 6th May 2024NSE:CNXFINANCE Maximum Call writing is at 22600 strike with 21.65 Lakh followed by 18.48 Lakh Call at 22700 Strike and 13.69 Lakh at 22500 strike. Maximum Put writing is at 23.31 Lakh at 21300 strike followed by 12.70 Lakh Put writing at 21000 strike and 12.11 Lakh at 21200 strike. Index closed near 21800 level. Index fell on Friday (03-05-2024) on rumour about increase in Capital Gains Tax which was clarified by FM that Government has no plan to change in Capital Gains Tax. Index has strong support near 21625 - 21580 level and less likely to go below 21500 level. Index may reach near in 22050 – 22150 range and if it crosses and sustain above 22200 level then index may go near 22550 level. Longby RKMAURYAUpdated 0
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 07 MAY 202407 MAY 2024 WORLD MARKETS 1. All the world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15 indicating high volatility. This is due to nearing of Loksabha elections and results. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a positive bias.1515 remains a strong support and 1535 a strong resistance. 2. ICICI Bank is consolidating with a negative bias for short term. 1160 remain a strong resistance and 1140 remain a good support. 3. Reliance is very bearish. 2825 remain a strong support. Any break of this will be very bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 22400 - 22490 : NO trade. However any consolidation and break above 22540 is a buy. 2.NIFTY OPEN ABOVE 22490: Any consolidation and break above 22540 is a buy. 3.NIFTY OPEN BELOW 22400 : Any consolidation and break below 22375 is a sell. Tgt 22250. 4.BANK NIFTY OPEN BETWEEN 48750 - 49020 : No trade. 5.BANK NIFTY OPEN ABOVE 49020: Any consolidation and break above 49200 is a buy. 6.BANK NIFTY OPEN BELOW 48760 : Sell any rally to 49990. 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. by sam200519680
Dow Current Rally could fail to complete Rest Before Next Up legJust for educational purpose trade at your own risk. I only trade Indian markets.by Niftydirection4
MAJOR SUPPORT AND RESISTANCE - NIFTY 6-10 MAY 2024This are major support and resistance(Not Daily).It is too hard to Publish Daily S AND R. Trade carefully. Note: This is only for Learning.by marketgoatofficial1
#Banknifty:7th May#Banknifty:7th May Step1: If index sustains 49236-S1 then go long with S1 as SL...after 11.15 AM. Step2: if 49236 defended 49728-R possible swing high. Step3: Otherwise take short....and exit at 48690-S2 Step4: 48166 -S3.by rudrajit_deb1
Bank nifty technical analysis with option chain dataBanknifty support 48900-48800 Resistance at 49500 Bank nifty data bullish trade execute 48800 pe sell at 187 premium Sl 50-65 point by hitendrakulUpdated 0
Nifty50 Support And Resistance 6-May-24 💥 Please find below simple resistance and support: Resistance: 22526 If crossed up then will see upward move as follows: TGT: 22589 Support: 22411 If crossed down then will see downward move as follows: TGT: 22348 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Chargesby solitaryverma0
Bank NiftySupport- 48800 Resistance-49000 trendline is major resistance. Trade with levels and risk management for upcoming days.Shortby yatin_patel165
NIFTY50 LONGExpecting NIFTY will reach 23050 by this month.... Prediction by CRI FINANCIAL SOLUTIONS... Longby futures572options1
FinNifty levels - May 07, 2024FinNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!by sacxe1
BankNifty levels - May 07, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!by sacxe1
Nifty levels - May 07, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!by sacxe1
Nifty BankBank Nifty Showing support around 48650 levels, if in few trading sessions if it comes back to 48650 and sustain this level, we will see an up move up to 49200 and 49500. If it breaks its support of 48650 levels than we can see levels of 48300 and 48100. If Bank nifty starts trading above 49200 or gaps up 49200 than we can see levels of 49500 and further target of49900by DecodingChartsEQ0
Nifty: Flag PatternNifty 50 index created a flag pattern in its weekly timeframe. If index breaks the upper boundary of this pattern, it may move at least 900 points in upward direction . I like to buy the next month nifty futures after this pattern breakout. And will headge with ATM PE. This is not a trade reccomendation, but for educational purpose only. And if the market goes against you, you may lose about rs 17500. On closing time you will be in loss if the index doesn't cross 23200. (This calculation made based on present market levels, and it will warry according different market levels.)by Alikoya229
Nifty 50Nifty Nifty has been trading between 22350 and 22550 levels for past trading sessions. Nifty has a support around 22350 t0 22380 and a Resistance between 22550-22580, these are near term resistance and support. Below this support levels of 22150-22180 can be tested and above this resistance it can again go up to 22630, and 22750 levels again.by DecodingChartsEQ0
BankNifty Support&Resistance levels for 6th May Monday Overall Trend : Upward channel with resistance around 49200 to 49250 area and support in the 48650 to 48700 range. Intraday Analysis: If the price sustains above 49050 for a while, it may test resistance levels at 49200 and possibly 49250. Look for shorting opportunities if there's a gap-up opening near the resistance area and if there's rejection observed. On the downside, support at 48650 to 48700 needs to break for further downside momentum. 49050 serves as an equilibrium point for Monday's trading. Key Levels: Resistance: 49200 and 49250. Support: 48650 to 48700. Equilibrium point: 49050 Trading Strategy: Long positions could be considered if the price sustains above 49050 and breaks through resistance levels. Shorting opportunities may arise if there's rejection near the resistance area, especially on a gap-up opening. Caution should be exercised if support levels are breached, signaling potential downside momentum. Long Trade Setup: Entry : If the price sustains above 49050 for a while and shows strength, consider entering long positions. Target : Target the resistance levels at 49200 and 49250 for profit booking. Stop Loss : Place a stop-loss order below the intraday support or immeadiate swing low level, around 48950 to 48900, to limit potential losses if the price reverses. Short Trade Setup: Entry : If there's a gap-up opening near the resistance area (49200) and if there's rejection or weakness observed, consider entering short positions. Target : Target the intraday support levels at 49050 to 48700 for profit booking. Stop Loss : Place a stop-loss order above the resistance area (49200) to manage risk in case of a sudden upward movement.by rakeshreddymUpdated 1
Bank Nifty - May 6Price is bearish as long as it is inside the channel. And the movement will also be a zig zag move. Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 49040. Stop Loss : 48960. Targets : 49120, 49200, 49280 and 49360. Sell below : 48920. Stop Loss : 49000. Targets : 48840 ,48760, 48700 and 48620. 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 vanathiUpdated 38