#Banknifty could climb up and sweep higher time frame liquidty Trade in Liquidity areas and price action, if not no trades.Shortby sarunsaji040
Nifty50 (28th May)22972 --22998 (No trade zone) Closing below 22972 in hourly could be bearish 📉 to below levels marked on the chart Any closing above 22998 in hourly is bullish 📈 ( will post upside levels if it sustains ) Disclaimer: It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises by KilopapaUpdated 2
NIFTY - Possibilities aheadNIFTY : Broadening wedge breakdown in progress Region of possible reversal - 22600-22500 Else might fall down to 22300 - 22000 levelsEditors' picksby roshansai33189
Bank Nifty Analysis - 30 May 2024Bank Nifty Analysis - 30 May 2024 Probably Bullish. If not sideways. Premiums are too high compare to other weeks. It has to melt down. Be safe trade and be profitable. Long01:05by gmax_trading_in110
BankNifty Support & Resistance Levels for 30.05.2024For today, the support and resistance levels for BankNifty are crucial to watch: Support Levels: Near Support Zone (75m): 48,216 - 48,410 (remains the same) Far Support: 48,017 (61.8% FIBO level of the last swing) Resistance Levels: Near Resistance Zones (30m): 49,043 - 49,187 and 49,186 - 49,320 Far Resistance Zone (75m): 49,502 - 49,689by PriteshPal1
BNF will be Sideways or bullish?BNF will be Sideways or bullish? - Obviously Bullish. Because of the Bahubali candle. It may go till 48800. If it breaks over there again it be on bull run. If not, today market will be a Sideways. If it is Bullish/Bearish/Sideways, we can make good amount by following set of strategies.by gmax_trading_in110
Nifty Support & Resistance Levels for 30.05.2024Yesterday, Nifty took support at the near support zone mentioned in the last post and bounced in the first 30 minutes. However, it did not sustain and fell, closing 183 points down by the end. Support Levels: Nearest Support Zone (Daily): 22,483 - 22,630 Far Support: 22,313 (61.8% FIBO level of the last swing) Resistance Levels: Nearest Resistance Zone (30m): 22,858 - 22,895 Far Resistance Zone (30m): 23,047 - 23,111by PriteshPal2
Banknifty buy on dip today 30 may holit till Friday for bigupmovDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
Nifty today 30 may buy on dip hold till Friday for big upmove Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
Nifty : Levels to WatchNifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 30-5-24 Gap UP/Down Opening : If high of First Hour is not broken then put stoploss there for all short positions. If Low of First Hour is not broken then put stoploss there for all Long positions. For New position : for Upside : Buy Nifty above 22739 Stoploss 22669 it may touch 22760---22795---22852---22943---22999---23091 for Downside : Sell Nifty below 22648 Stoploss 22739 it may touch 22648---22613---22556---22465---22409---22317 Stoploss 22400 for All LONG Positions For Short term Trend Stoploss 22060 for All LONG Positions For Mid term Trend Stoploss 21810 for All LONG Positions For Long term Trend All above levels are of Nifty Spot. 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. by maneeshaggarwal0
#NIFTY Intraday Support and Resistance Levels -30/05/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22670 level and then possible downside rally up to 22550 in today's session. in case nifty trades Above 22730 level then the upside target can go up to the 22850 level. by TradZoo1
[INTRADAY] #BANKNIFTY PE & CE Levels(30/05/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 48450 level then possible downside rally of 400-500 points upto 48050 Level & this rally can can extend another 400 points if market gives breakdown 47950 level in todays session.Any Major upside only expected in case banknifty starts trading above 48550 level.also possible reversal upside 48050 level. by TradZoo2
#Nifty Directions and levels for May 30th.Good morning, friends! 🌺🍬 Here are the directions for May 30th: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also shows a bearish trend. Today, the market may open with a slight gap-down, as indicated by GiftNifty, which shows a decrease of 70 points. But, I'm not sure if this is due to global issues or contract rollover with GiftNifty. Anyway, let's look at the Nifty direction. Nifty has fallen with some minor swings. If the market opens with a gap-down, then the 38% Fibonacci level might act as a strong support. If it finds support there, then we can expect a pullback of 23 to 38% max. It could be a minor retracement, and if it gets rejected there, then the correction will likely continue. On the other hand, if the pullback structure has a solid candle formation, it might break the 38% Fibonacci level(upside). If it breaks, then we can expect 50 to 61% for the next target. If we want to state this more clearly, it may turn into a range between the upcoming low and the 61% Fibonacci level. This sentiment is also applicable for a neutral to gap-up situation because, as I mentioned, I don't know exactly why GiftNifty is showing a negative sentiment. The alternative scenario is if the gap-down sustains and breaks the immediate support with some consolidation or immediately, then the correction will likely continue.by Manickamtraders4
#Banknifty Directions and levels for May 30th.BankNifty also has the same sentiment. If the market finds support around the immediate support level, then we can expect a minor pullback that will take a max of 23 to 38%. After that, if it gets rejected there, then the correction will likely continue. On the other hand, if the pullback breaks the 38% Fibonacci level, it could turn into a range market between the upcoming low to the 61% Fibonacci level. Alternatively, if the gap-down sustains and breaks the immediate support with some consolidation or immediately, then the correction will likely continue.by Manickamtraders4
BANKNIFTY at MAKE or BREAK level As we can see BANKNIFTY has finally reached our demand zone which has been discussed previous day! If BANKNIFTY manages to take support here then we may see a strong REVERSAL else any closing below this zone may lead to the fall till 47500 so plan your trades accordingly by Wealthcam2
VN30- Indicators show that the market has reached its peak - Another downtrend season - It's difficult to determine where the bottom isShortby mautd1
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 30 MAY 202430 May 2024 WORLD MARKETS 1. All the world markets are correcting and awaiting the fed announcements. INDIA VIX AND GIFT NIFTY 1. India VIX is stable at 24 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK is looking bearish. 1510 is a strong resistance. 2. ICICI Bank has turned bearish. 1115 is strong resistance and 1083 is the next support. 3. Reliance has support at 2875. Any break of this will be bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 22760 - 22650 : Sell any rally to 22800 and break below 22750. 2. NIFTY OPEN ABOVE 22750 : Wait for a consolidation and break below 22700. However long call can be taken only above 23050. 3. NIFTY OPEN BELOW 22650 : Sell any break below to 22550. 4. BANK NIFTY OPEN BETWEEN 48670 - 48330 : Sell any rally to 48700. 5. BANK NIFTY OPEN ABOVE 48670 : Wait for a consolidation and break above the range. 6. BANK NIFTY OPEN BELOW 48327: Sell any rally to 48500. 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. Shortby sam200519680
NIFTY 50 INDEX GANN ANALYSIS FOR MONTHLY EXPIRY 30 MAY 2024Nifty 50 Index made an ATH at 23110.80 on 23 May 2024 at 11:45 candle. Thereafter it saw profit booking after hitting the psychological figure of 23000. We retraced to an important level of 22857 as seen on charts. Next day we opened gap up but missed the 23000 figure by1/2 points and closed near 22888 levels. We saw further gap down opening on 29 May 2024 where we opened below the level of 22857 and continued downwards during the day. Important level to watch is 22683. For tomorrow expiry range to watch is 22741 and 22625. Beyond which we may see extension on either side to 22741 and 22567. Further expansion if seen could take us to next range of 22799 and 22451. Make use of the levels and make some decent profits for self. Also spread the word. Happy Trading !!!by kbr91219654
BANKNIFTY Intraday Trade Setup For 30 May 2024BANKNIFTY Intraday Trade Setup For 30 May 2024 Bullish-Above 48700 Invalid-Below 48590 T- 49230 Bearish-Below 48350 Invalid-Above 48460 T- 47625 BANKNIFTY has closed on a bearish note with 1.3% cut today. Index opened with a big gap down of 355 points. 10 o'clock range was to be used as per setup, range broke downside below 48770, trade gave almost 1:4 gain till 48405 with slow momentum. Tomorrow if 48350 acts as a initial support then a bounce towards 48700 zone is possible. In case index breaks 48350-30 then a gradual fall towards 47625 is possible. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48700 then we will long for the target of 49230. For selling we need a 15 Min candle close below 48350. T- 47625. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.by Omahto8
NIFTY Intraday Trade Setup For 30 May 2024NIFTY Intraday Trade Setup For 30 May 2024 Bullish-Above 22810 Invalid-Below 22760 T- 23000 Bearish-Below 22680 Invalid-Above 22730 T- 22480 NIFTY has closed on a bearish note with 0.8% cut today. It was a low volatility day as overall range it traded was 22800 and 22700. It opened with a decent gap down of 125 points and in this case 10 o'clock range was to be used. Range broke downside below 22760 and gave 50 points move which was 1:1. Tomorrow if there is another gap down then I will watch for the 1st 5 Min candle's breakout either side. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22810 then we will long for the target of 23000. For selling we need a 15 Min candle close below 22680. T- 22485. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.by Omahto6
NIFTY 50 MONTHLY EXPIRY LEVELS, RSI DIVERGENCE ON 15 MIN TFNifty 50 has corrected almost 1.8% from ATH with the breakdown of H&S pattern. RSI is showing DIVERGENCE at 15 min TF. Likely reversal levels as marked. Important base is placed at 22500-600 levels. Longby jbmaan4
Nifty witnessed correction for 4th straight sesion Nifty remained in negative trend in today's session & closed near 22700 level Market continued with its correction phase for another session Investors seek to book profit in Mixed Global cues & ahead of imp US PCE Core data. A Bearish candle is formed on daily chart The imp upside hurdle is placed around 22850/900 level whereas downside support is around 22600 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility during the last phase of elections Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups by Himanu_HATradeTalk11
NIFTY Levels for May 30, 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. by RainingMoneywithTech2