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NIFTY Prediction for Next YearHello Guys, Do not Panic. This is a NIFTY chart prediction for next year. Hope I am proven wrong. BUT: Fundamental investing: This analysis is considering the wars, inflation, interest rates, dollar-rupee, lending, fmcg slow down. Multiple interlocked factors contributing to slow progress for the next year. Technical investing: Based on technical Patterns there is gap up that has not been filled at 20500 level. And as per history, we all know what happens to gap ups. Also I have analyzed multiple year rally-consolidation-fall-rally to come up with this. Emotional investing: I expect to see a lot of people panic, book losses and hold red stocks. This will reduce the investment emotion built over a couple of years. What's the way around: Individual stock investing in the top 200 companies. Find picks that you understand.
NSE:NIFTYLong
by Joker0805
Nifty Intraday Support & Resistance Levels for 12.12.2024On Wednesday, Nifty opened flat to positive, tested a low of 24583.85 and a high of 24691.75 during the session. It closed at 24641.80, gaining 31 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) is positive, indicating a cautiously optimistic outlook. Demand/Support Zones Near Demand/Support Zone (30m): 24330.20 - 24368.30 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Critical Level: Nifty is facing resistance around 24700. If it fails to sustain above this level, a correction towards 24370 or lower can be expected.
NSE:NIFTY
by PriteshPal
Nifty Intraday Analysis for 12th December 2024NSE:NIFTY Index closed near 24640 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24700 Strike – 146.50 Lakh 25000 Strike – 145.21 Lakh 24600 Strike – 102.78 Lakh Put Writing 24000 Strike – 110.82 Lakh 24500 Strike – 109.43 Lakh 24600 Strike – 99.69 Lakh Index has resistance near 24700 – 24750 range and if index crosses and sustains above this level then may reach near 24900 - 24950 range. Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 12th December 2024NSE:BANKNIFTY Index closed near 53390 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 54000 Strike – 24.48 Lakh 53500 Strike – 17.31 Lakh 54500 Strike – 15.87 Lakh Put Writing 52500 Strike – 17.66 Lakh 53500 Strike – 17.53 Lakh 53000 Strike – 13.71 Lakh Index has resistance near 53800 – 54000 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range. Index has immediate support near 52900 - 52800 range and if this support is broken then index may tank near 52500 - 52400 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 12th December 2024NSE:CNXFINANCE Index closed near 24805 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 25000 Strike – 2.58 Lakh 24800 Strike – 1.16 Lakh 24700 Strike – 1.09 Lakh Put Writing 24800 Strike – 1.25 Lakh 24700 Strike – 1.17 Lakh 24500 Strike – 0.75 Lakh Index has resistance near 24900 - 24950 range and if index crosses and sustains above this level then may reach near 25100 - 25150 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 12th December 2024NSE:NIFTY_MID_SELECT Index closed near 13135 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 7.22 Lakh 13300 Strike – 2.70 Lakh 13200 Strike – 2.17 Lakh Put Writing 13000 Strike –8.00 Lakh 13100 Strike – 2.34 Lakh 12900 Strike – 2.13 Lakh Index has immediate resistance near 13200 – 13225 range and if index crosses and sustains above this level then may reach 13400 – 13450 range. Index has immediate support near 13075 – 13025 range and if this support is broken then index may tank near 12900 – 12850 range.
NLong
by RKMAURYA
Nifty 50 Index Chart Analysis 1. **Chart Overview** The Nifty 50 Index chart in a 30-minute time frame is displayed with Heikin Ashi candles. Key features include: **Price Structure**: A head-and-shoulders (H&S) pattern is observed. **Indicators**: Volume, MACD (Moving Average Convergence Divergence), and RSI (Relative Strength Index) are used for analysis. **Targets and Key Levels**: Marked levels for potential breakout or breakdown scenarios. 2. **Key Chart Features and Pattern Observation** **Head-and-Shoulders Pattern**: **Left Shoulder**: Formed at an earlier high. **Head**: Higher high showing a temporary peak. **Right Shoulder**: A lower high indicates weakening bullish momentum. **Neckline**: Horizontally aligned at **24,510.65**, acting as support. This pattern suggests a bearish setup if the neckline is broken downward. **Bearish Divergence**: Visible on the MACD, indicating weakening momentum despite the price attempting to consolidate near the highs. **Trend Weakness**: The candles show smaller body sizes near the right shoulder, indicating indecision or fading strength. 3. **Indicator Analysis** **Volume**: Volume spikes during the head formation. Declining volume during the right shoulder suggests weakening bullish interest. **MACD**: Displays bearish divergence with lower highs on the histogram compared to price action. MACD line is crossing near the signal line, signaling indecision or potential bearishness. **RSI**: Currently at **58.78**, which is neutral but approaching overbought territory. This reinforces caution for bullish moves. 4. **Key Levels or Price Levels** **Support (Neckline)**: **24,510.65** is a critical level for the head-and-shoulders pattern. **Resistance**: **24,857.75** marks the previous high and the breakout level. **Targets**: **Upside**: A breakout above **24,857.75** could target **25,200** or higher. **Downside**: A breakdown below **24,510.65** could target **24,295.55** or lower. 5. **Overall Summary** The Nifty 50 Index shows a head-and-shoulders pattern, indicating a potential reversal if the neckline is broken. Indicators lean bearish, with MACD divergence and declining volume supporting this outlook. However, the price is still consolidating near critical levels, and confirmation of a breakout or breakdown is needed. 6. **Recommendation or Trading Strategy** **For Bullish Traders**: Wait for a breakout above **24,857.75** with strong volume confirmation. Target: **25,200**. Place a stop-loss just below **24,510.65**. **For Bearish Traders**: Enter short positions on a breakdown below **24,510.65**. Target: **24,295.55**. Place a stop-loss just above **24,857.75**. **Neutral Traders**: Stay on the sidelines until a clear direction is established. 7. **Conclusion** The chart indicates indecision, with bearish signals from the head-and-shoulders pattern and MACD divergence. A decisive breakout above resistance or breakdown below support is required to confirm the next move. Traders should wait for volume and price action confirmation before entering positions.
NSE:NIFTY
by ramumaurya
Nifty Bank Index Chart Analysis ### 1. **Chart Overview** The Nifty Bank Index chart with a 30-minute time frame using Heikin Ashi candles. It includes the following components: - **Price Chart**: Shows a triangular consolidation pattern. - **Volume**: Indicates trading activity during each candle's period. - **Indicators**: Includes MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index). ### 2. **Key Chart Features and Pattern Observation** - **Triangle Pattern**: The price consolidates within a symmetrical triangle, marked by converging trendlines. This typically indicates an impending breakout (upside or downside). - **Bearish Divergence**: Seen on the MACD histogram, suggesting waning bullish momentum and potential downward movement. - **Trend Weakness**: The Heikin Ashi candles have smaller bodies, indicating reduced volatility and indecision in the market. ### 3. **Indicator Analysis** - **Volume**: Declining volume as the triangle narrows, typical in consolidation phases. A volume spike is expected during the breakout. - **MACD**: Displays bearish divergence, with the histogram showing lower highs even as the price attempted to rise. The MACD line is below the signal line, suggesting bearish momentum. - **RSI**: Currently at 48.53, showing neutral-to-weak momentum. It is approaching oversold levels but not yet signaling a reversal. ### 4. **Key Levels or Price Levels** - **Resistance Zone**: Around **53,775 - 53,888**, as marked by the upper trendline and recent price highs. - **Support Zone**: Around **53,302 - 52,563**, with the lower trendline and previous lows as key levels. - **Targets**: - Upside: **54,500** (if the triangle breaks upward). - Downside: **52,563** (if the triangle breaks downward). ### 5. **Overall Summary** The Nifty Bank Index is in a consolidation phase, with a symmetrical triangle pattern suggesting a breakout in either direction. Indicators lean slightly bearish due to the MACD divergence and the weakening RSI, but the direction will ultimately depend on the breakout. ### 6. **Recommendation or Trading Strategy** - **For Bullish Traders**: - Wait for a breakout above **53,775** with strong volume confirmation. - Target: **54,500** or higher. - Place a stop-loss just below **53,300**. - **For Bearish Traders**: - Enter short positions on a breakdown below **53,300**. - Target: **52,563** or lower. - Stop-loss just above **53,775**. - **Neutral Traders**: Wait for the breakout direction before entering a position to reduce risk. ### 7. **Conclusion** The chart's symmetrical triangle reflects market indecision, but the bearish divergence and momentum weakness slightly favor a downside breakout. However, confirmation via volume and price movement is essential before acting in either direction.
NSE:BANKNIFTY
by ramumaurya
NIFTY- Intraday Levels - 12th December 2024If NIFTY sustain above 24657 then around 24674 then 24697 to 24711 or 24729 important level above this bullish If NIFTY sustain below 24620 to 24602 below this bearish then 24565 to 24548 or 24536 to 24518 strong support below this more bearish then 24456 to 24439 then 24401 or 24375 to 24357 will be last hope for tomorrow. My view (for your study and analysis only, also consider my analysis could be wrong and to safeguard the trade risk management is must) is market wating for some news or planing for big movement? As you can see last 4 days insider candels are made as compared to 5th dec candel. Due to expire and looking at the OI it seems to be again a insider?.when will market move out of this ? something to think about !!.. if you are option writer hedging s Could be around 24300 for long trades if day closing below this can be considered bearish untill then we have hope for bullish movement. For tomorrow Probably market will be volatile with sell on rise and Friday seems to be buy on dip. Consider some buffer points in above levels. Please do your due diligence in trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:NIFTY
by PrashantTaralkar
1
Finnifty Intraday Analysis for 11th December 2024NSE:CNXFINANCE Index closed near 24805 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 25000 Strike – 2.39 Lakh 24800 Strike – 1.26 Lakh 24700 Strike – 0.90 Lakh Put Writing 24800 Strike – 1.15 Lakh 24700 Strike – 1.07 Lakh 24500 Strike – 0.85 Lakh Index has resistance near 24900 - 24950 range and if index crosses and sustains above this level then may reach near 25100 - 25150 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 11th December 2024NSE:NIFTY_MID_SELECT Index closed near 13085 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 7.50 Lakh 13300 Strike – 2.54 Lakh 13200 Strike – 2.02 Lakh Put Writing 13000 Strike –8.39 Lakh 12900 Strike – 2.03 Lakh 13050 Strike – 1.36 Lakh Index has immediate resistance near 13200 – 13225 range and if index crosses and sustains above this level then may reach 13400 – 13450 range. Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
NLong
by RKMAURYA
Nifty levels - Dec 12, 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 - Dec 12, 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 11th December 2024Nifty Trading Strategy Key Levels: Buy Above: 24,770 (on the high of the candle that closes above 24,770 on a 15-minute chart) Sell Below: 24,560 (on the low of the candle that closes below 24,560 on a 15-minute chart) Strategy Details: Buy Signal: Enter a buy position above the high of the candle that closes above 24,770 on a 15-minute time frame. Sell Signal: Enter a sell position below the low of the candle that closes below 24,560 on a 15-minute time frame. Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Stop-Loss: Always use a stop-loss 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
Banknifty will give upside breakout 1-2 days buy on dip 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 :- ENTRY - When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 88.6%) Target 6- (T6 : 100 %) Target 7- (T7 : 127.2 %) Target 8-  (T8 : 141.4 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:BANKNIFTY
by JaiPrakashShuklaHarmonicTrader
Yesterday we get good profit on sell ,24730 breakout buy dipDisclaimer - 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 :- ENTRY - When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 88.6%) Target 6- (T6 : 100 %) Target 7- (T7 : 127.2 %) Target 8-  (T8 : 141.4 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:NIFTY
by JaiPrakashShuklaHarmonicTrader
#banknifty -11th December!NSE:BANKNIFTY1! NSE:BANKNIFTY Understand the chart, observe the analysis, implement while trading: Key Observations: 1. Trendlines: - Resistance Trendline: A descending trendline (sloping down) marks the area where the price faces selling pressure. This indicates a pattern of lower highs. - Support Trendline: An upward-sloping trendline beneath the price indicates where the price finds buying interest. This suggests a slight upward momentum at the support level. 2. Consolidation Zone: - The price is moving within a tightening range between these two trendlines, forming a wedge or triangle pattern. This indicates consolidation, where the market is waiting for a breakout or breakdown. 3. Support Levels: - Key support levels are highlighted at 53,407.75, 53,229.05, 53,057.45, and 52,784.15. These levels represent zones where buyers are likely to step in and prevent further price decline. 4. Resistance Levels: - Resistance levels are marked at 53,679.35, 53,956.65, 54,128.90, and 54,304.25. These are zones where the price may face selling pressure. 5. Current Price Action: - The price is currently at 53,577.70, approaching the descending resistance trendline. This is a critical point because it suggests a decision zone for the next move. Scenarios: 1. Bullish Breakout: - If the price breaks above the descending resistance trendline, it could signal bullish momentum. - Potential targets are the next resistance levels at 53,956.65, 54,128.90, and 54,304.25. 2. Bearish Breakdown: - If the price breaks below the support trendline, it may indicate a bearish trend. - Possible downside targets are the lower support levels at 53,229.05, 53,057.45, and 52,784.15. 3. Neutral Consolidation: - If the price continues to move within the wedge, traders may need to wait for a clear breakout or breakdown before acting. What This Chart Suggests: - The chart highlights decision points for the market, with the wedge pattern indicating an imminent breakout or breakdown. - A breakout above resistance would suggest strength, while a breakdown below support would indicate weakness. Trading Plan: - For Buyers: Wait for a breakout above the resistance trendline and aim for higher resistance levels. - For Sellers: Look for a breakdown below the support trendline and target the lower support zones. Not SEBI Registere.
NSE:BANKNIFTY
by thetradeforecast
1
Bank Nifty Index Chart Technical Analysis ### Technical Analysis of Bank Nifty Chart --- ### **1. Chart Overview** - **Chart Type**: Heikin Ashi chart on a **15-minute timeframe** for Bank Nifty. - **Indicators Used**: - Volume - MACD (Moving Average Convergence Divergence) - RSI (Relative Strength Index) - **Key Observations**: - A **falling wedge pattern** is forming, which generally signals a bullish reversal. - Resistance and support zones are well-defined. - A bearish divergence was observed earlier but seems to be resolving into consolidation and potential bullish movement. --- ### **2. Key Chart Features and Pattern Observations** - **Falling Wedge Pattern**: - A prominent **falling wedge pattern** suggests that a breakout above the resistance line could lead to a significant price increase. - **Bearish Divergence on MACD**: - Earlier in the chart, the price made higher highs while MACD showed lower highs, indicating **bearish divergence**. This contributed to a short-term price correction. - **Consolidation**: - After the correction, the price consolidated within the wedge, indicating indecision in the market and potential for a directional breakout. - **Green Heikin Ashi Candles**: - Towards the right, green Heikin Ashi candles with increasing volume indicate early signs of bullish momentum. --- ### **3. Indicator Analysis** - **MACD**: - Earlier bearish divergence indicated weakness in the rally. - Currently, the MACD lines are nearing convergence and turning upward, signaling possible bullish momentum. - **RSI**: - RSI is climbing above **51.27**, indicating strength returning to the market. - No oversold or overbought conditions are observed, leaving room for further price movement. - **Volume**: - Volume increases during the green candles, confirming that buyers are stepping in at lower levels. - This volume behavior supports the validity of the falling wedge breakout. --- ### **4. Key Levels** - **Support Levels**: - **52,850.35**: Strong support level formed during the wedge pattern. - **53,302.65**: Intermediate support for a tighter stop-loss. - **Resistance Levels**: - **53,604.75**: Immediate resistance; a breakout above this confirms bullish momentum. - **53,775.10**: Major resistance and potential target. - **53,888.30**: Extended target on a strong breakout. --- ### **5. Overall Summary** - The chart reflects a consolidation phase after an earlier downtrend and bearish divergence. - The **falling wedge pattern** coupled with bullish signals from MACD and RSI indicates a potential upward breakout. - Increasing volume on bullish candles supports the likelihood of price gaining upward momentum. --- ### **6. Recommendation / Trading Strategy** #### **Bullish Strategy**: - **Entry Point**: Buy above **53,604.75** once a breakout is confirmed with high volume. - **Targets**: - First target: **53,775.10**. - Second target: **53,888.30**. - **Stop Loss**: Place a stop-loss below **53,302.65**. #### **Bearish Strategy**: - If price fails to break above **53,604.75**, consider shorting below **53,302.65**. - **Target**: **52,850.35**, with a stop-loss above **53,450.00**. --- ### **7. Conclusion** The **falling wedge pattern** and improving indicators suggest a bullish bias, with potential for an upward breakout. Traders should wait for confirmation above resistance levels to go long. The overall outlook is **bullish**, provided the price sustains above key support levels and resistance breakouts occur.
NSE:BANKNIFTYLong
by ramumaurya