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Market indices

Nifty Breaks Down: Inverse Head-and-Shoulders Pattern FailsWe previously discussed the formation of an inverse head-and-shoulders pattern, which typically signals an uptrend. However, today the pattern broke down, and Nifty is once again falling. There is a trendline in place, and there is a chance that Nifty could bounce off this trendline. Currently, Nifty is moving towards the next support level at 23,335. Traders should remain cautious and monitor the market closely for any potential reversals.
NSE:NIFTY
by DragonFly-Trading
NIFTY... KEEP INVESTING...Guys... I am sharing my view on the Elliot waves in Nifty. The bullish pattern is intact. We are currently in the 3rd primary wave. Of the five intermediate waves in the primary wave 3, nifty is right now in wave (4) correction. A quick and rapid wave (5) is likely to start at the end of wave 4. Though Nifty is at 200 EMA right now, I feel the strong support zone is around 22700 levels. I won't be surprised if Nifty can fall around 800 points from here. Keep investing in parts and add more when Nifty goes below 23000. The market is always right..! Trade with appropriate stop-loss.
NSE:NIFTYLong
by Stock-Holmes
Nifty Intraday Analysis for 13th November 2024NSE:NIFTY Index closed near 23885 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24600 Strike – 100.51 Lakh 24200 Strike – 80.60 Lakh 24300 Strike – 71.39 Lakh Put Writing 23500 Strike – 46.09 Lakh 24000 Strike – 32.54 Lakh 23800 Strike – 29.42 Lakh Index has resistance near 24050 – 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 13th November 2024NSE:BANKNIFTY Index closed near 51160 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52500 Strike – 48.96 Lakh 52000 Strike – 44.55 Lakh 51500 Strike – 26.29 Lakh Put Writing 50000 Strike – 29.19 Lakh 50500 Strike – 20.83 Lakh 51000 Strike – 18.99 Lakh Index has resistance near 51600 – 51800 range and if index crosses and sustains above this level then may reach near 52100 – 52200 range. Index has immediate support near 50700 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 13th November 2024NSE:CNXFINANCE Index closed near 23565 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 3.65 Lakh 23600 Strike – 2.29 Lakh 23700 Strike – 1.93 Lakh Put Writing 23500 Strike – 2.19 Lakh 23700 Strike – 1.90 Lakh 23600 Strike – 1.83 Lakh Index has resistance near 23750 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range. Index has immediate support near 23400 – 23350 range and if this support is broken then index may tank near 23125 – 23050 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 13th November 2024NSE:NIFTY_MID_SELECT Index closed near 12300 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 12.05 Lakh 12600 Strike – 4.84 Lakh 12400 Strike – 4.27 Lakh Put Writing 12500 Strike – 8.90 Lakh 12200 Strike – 2.64 Lakh 12300 Strike – 2.45 Lakh Index has immediate resistance near 12450 - 12500 range and if index crosses and sustains above this level then may reach 12650 – 12700 range. Index has immediate support near 12200 – 12140 range and if this support is broken then index may tank near 12000 – 11950 range.
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by RKMAURYA
MINDSET SECRETS FOR WINNING"The Stock Market Isn’t a Place; It’s a Mindset" 🌌💡 The market doesn’t owe anyone, but it teaches everyone. We often think of trading as mastering charts, predicting moves, and hitting targets. But in reality, it’s about understanding one thing: the market is an emotional battlefield. 5 Unwritten Truths Every Trader Learns (the Hard Way) 🔥 Patience Pays Sometimes the best trade is no trade. Observing, waiting, and holding back is harder than hitting ‘Buy.’ But it’s what separates the cool-headed from the compulsive. Respect the Trends They say, “the trend is your friend,” and it’s true. But only if you know when to step back. Real traders respect the power of trends and don’t challenge them without good reason. Capital Preservation > Profits Winners protect their capital. When the trade goes against you, it’s not about ego or proving yourself right; it’s about conserving what you can to trade another day. Embrace the Small Wins (very important...these compound over time) In a game where giants battle, small wins are the stepping stones to long-term growth. Consistency beats speed in trading; even the smallest gains compound over time. Stay Humble, Stay Hungry The moment we think we have it all figured out, the market humbles us. It’s a reminder that we’re always students here. True traders stay humble, and in that humility, they keep growing. The Final Word 🧠✨ Trading isn’t just a skill; it’s a mindset. The best traders aren’t just analysts; they’re philosophers of the market, lifelong learners in the art of resilience, risk, and reward. #TradingMindset #MarketWisdom #StayHumble #KeepLearning
NSE:NIFTYEducation
by keshevdugar
Nifty levels - Nov 14, 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 below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
BankNifty levels - Nov 14, 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 below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty Trading Strategy for 13th November 2024Nifty Trading Strategy: Buy Above 24,100 / Sell Below 23,800 Current Price: 23,884 Key Levels: Buy Signal: If the price closes above 24,100 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 23,800 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 23,884, just below the buy signal level. It's important to monitor the price closely, especially around the 23,850 to 24,000 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 24,100 on the 15-minute candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 24,150 and 24,200. Sell: If the price breaks below 23,800 on the 15-minute candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 23,700 , 23600 and 23,350 Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy