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New Tax system (Expectation Beyond Reasons) New Tax code , New Tax rate has put every single investors to Large Fund house in an very competitive edge Retail Investors Expectation of rally ahead is cut short by further accumulation of Institutional I view this drop as an opportunity where your investment at best cost is always gives Good revenue This is not an Technical chart , but rather you consider an upcoming event can cause this drop I really wish you all to take benefit of this drop in case you have Sufficient back up Funds if you are already in the stocks put a stop at cost and see what happens Good luck
NSE:NIFTY
by ShreeKrishna_F
4
NIFTY50 - ASCENDING CHANNEL - MONTHLY CHARTNIFTY50 - ASCENDING CHANNEL - MONTHLY CHART. Nifty is currently trading within an ascending channel and remains significantly above the 50 EMA. On the weekly chart, it is forming a double bottom pattern. The recent market decline is attributed to the US Fed's rate cut and hawkish commentary. Based on technical analysis, open interest (OI) data, and market news, there is a likelihood of the Nifty reaching the 23,000 level. *This analysis is based on my personal understanding and for learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
NSE:NIFTY
by SatpalS
Nifty Correction for today, tomorrow?This is quick analysis only for today and tomorrow (10th and 11th Dec). We are using 15 Mins Time Frame. - Seems on lower Time Frames of 15/5 Mins, we have Nifty going through Distribution zone and in complex corrections as per Elliott Wave model - As marked here, we "may" be in middle of small sub c-wave formation on 15 Mins TF. If spot price ditches PDL (Previous Day Low) and also then sub a-wave downside, then we are in good confirmation that market is going downside to complete sub c-wave today/tomorrow. It has to surpass 24550-24500 though - If it goes down, we may have a small demand zone at 24400-24350 (marked in chart as green zone) where price may either consolidate and go upwards or distribute and try to go downside. In short, this will be our checkpoint of next steps after the downside view execution
NSE:NIFTYShort
by champvimal
NIFTY Levels for December 19, 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.
NSE:NIFTY
by RainingMoneywithTech
BANKNIFTY Levels for December 19, 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.
NSE:BANKNIFTY
by RainingMoneywithTech
#Banknifty directions and levels for December 19th.Good morning, friends! 🌞 Here are the market directions and levels for December 19th. Market Overview: After the Fed rate cut, the Dow Jones fell drastically and ended with a negative change of 2.5%. This also affected the Nifty. Therefore, today the market may open with a significant gap-down, indicating that the Nifty is expected to start 330 points lower. The global sentiment suggests there is a bearish bias. If you look at the charts from a broader perspective, the Nifty is showing a negative trend, while the Bank Nifty appears to be range-bound. Thus, both indices are displaying slightly different biases. However, my expectation is that, even though the Bank Nifty has a range-bound structure, it could reach a minimum correction of 78% in the minor swing. More or less, the current trend indicates a negative outlook. If the gap-down sustains today, we can expect a continuation of the correction with some consolidation. A reversal could be considered if there is a breakout at the EMA 20 or the 38% Fibonacci level in the minor swing. Until these factors occur, the trend could remain bearish. Additionally, I checked the volume profile and EMA 200 for long-term trend projections. Both the Nifty and Bank Nifty have yet to break the EMA 200, which means the higher degree trend is still bullish until it breaks that level. However, the volume profile is showing initial indications of a reversal in the Nifty, while the Bank Nifty has not yet shown this because the 51,500 level (in futures contracts) is providing good support based on the volume profile. Conclusion: There is no clear direction yet from the combination of the Nifty and Bank Nifty charts. Therefore, we should approach this correction as a minor trend only.
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for December 19th.Good morning, friends! 🌞 Here are the market directions and levels for December 19th. Market Overview: After the Fed rate cut, the Dow Jones fell drastically and ended with a negative change of 2.5%. This also affected the Nifty. Therefore, today the market may open with a significant gap-down, indicating that the Nifty is expected to start 330 points lower. The global sentiment suggests there is a bearish bias. If you look at the charts from a broader perspective, the Nifty is showing a negative trend, while the Bank Nifty appears to be range-bound. Thus, both indices are displaying slightly different biases. However, my expectation is that, even though the Bank Nifty has a range-bound structure, it could reach a minimum correction of 78% in the minor swing. More or less, the current trend indicates a negative outlook. If the gap-down sustains today, we can expect a continuation of the correction with some consolidation. A reversal could be considered if there is a breakout at the EMA 20 or the 38% Fibonacci level in the minor swing. Until these factors occur, the trend could remain bearish. Additionally, I checked the volume profile and EMA 200 for long-term trend projections. Both the Nifty and Bank Nifty have yet to break the EMA 200, which means the higher degree trend is still bullish until it breaks that level. However, the volume profile is showing initial indications of a reversal in the Nifty, while the Bank Nifty has not yet shown this because the 51,500 level (in futures contracts) is providing good support based on the volume profile. Conclusion: There is no clear direction yet from the combination of the Nifty and Bank Nifty charts. Therefore, we should approach this correction as a minor trend only.
NSE:NIFTY
by Manickamtraders
Nifty : Resuming Downtrend (Very Likely)After a pullback from 23300 to 24780. I think Nifty is resuming previous downtrend If Nifty Breaks Shoulder level 23900 of Inverse Head n Shoulder pattern then a very strong downtrend will resume. Failure of Head n Shoulder pattern is very decisive n result is very big in either ways. If Nifty goes above 24700 (very unlikely) then 25403, 26586 stoploss 24150 If nifty goes below 23900 then 22643, 21524 stoploss 24785 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.
NSE:NIFTYShort
by maneeshaggarwal
Nifty Trading Strategy for 19th December 2024Nifty Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 24,315 Sell Below: The low of the 15-minute candle that closes below 24,125 Targets: Upside Targets: 24,444, 24,533 Downside Targets: 24,010, 23,950, 23,850 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,315, aiming for targets of 24,444 and 24,533. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 24,125, aiming for targets of 24,010, 23,950, and 23,850. Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Risk Management: Always use stop-loss orders to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact Nifty. Disclaimer: I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy