Get started

Market indices

#Banknifty directions and levels for January 3rd, FridayBank Nifty Current View: The current view for Bank Nifty indicates that if the market initially pulls back after a gap-down start, it could signal the continuation of the pullback. However, we should wait for the previous high to break. If it does, the minor supply zone could serve as the minimum target for this pullback. Additionally, this zone acts as minor resistance, so some consolidation is likely around this level. Alternate View: If the decline has a solid structure, it could reach the 38% Fibonacci level in the overall swing. Structurally, we are in a range-bound market, so if it breaks the 38% level, it could reach a minimum of 50% to 78% in the current swing.
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for January 3rd, Friday:Good Morning, friends! 🌞 Here are the market directions and levels for January 3rd, Friday: Market Overview: The global market shows a moderately bearish sentiment (based on the Dow Jones), while our local market leans towards a moderately bullish sentiment. In the previous session, Nifty and Bank Nifty experienced a pullback, but compared to Bank Nifty, Nifty performed better. What can we expect today? The pullback structure suggests it could continue after some consolidation. However, the global market and some parameters do not support this, so we should approach it with caution. Let’s take a look at the charts. Nifty Current View: The current perspective based on the pullback structure indicates that whenever the market experiences a solid rally, it typically does not break the 38% retracement during profit booking. If the market opens with a gap-down, we could see a maximum correction of 23% to 38%. If the market finds support around this level, we can expect some consolidation between the previous high and the 38% level on the downside. After that, if it breaks the previous high, the rally will likely continue toward 24,324. This is the basic structure. Alternate View: An alternate perspective based on some parameters suggests that if the gap-down has a solid structure, it could reach the 50% Fibonacci level in the minor swing. However, even with a solid structure, we cannot consider it a correction until it breaks the 50% mark. If it does break that level, we can then consider it a correction. If it does not break the 50% level, it could maintain a bullish bias.
NSE:NIFTY
by Manickamtraders
2
NIFTY Levels for January 3, 2025NIFTY 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 MATHEMATICAL LEVELS VALID TILL THUSRDAYThese Levels are based on purely mathematical calculations. Validity of levels are upto Thursday of next week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster
BANKNIFTY Levels for January 3, 2025BANKNIFTY 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
1
NIFTY MATHEMATICAL LEVELS FOR THIS EXPIRYThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:NIFTY
by StocksOptionBlaster
Nifty Trading Strategy for 3rd January 2025Nifty Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 24,235 Sell Below: The low of the 1-hour candle that closes below 24,035 Targets: Upside Targets: 24,275, 24,318, 24,352 Downside Targets: 24,980, 24,945, 24,900 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,235, aiming for targets of 24,275, 24,318, and 24,352. Sell Signal: Enter a sell position below the low of the 1-hour candle that closes below 24,035, aiming for targets of 24,980, 24,945, and 24,900. Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital. Book Profits: Regularly book profits at the specified resistance and support levels. Disclaimer: I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
Bearish Divergence on DXY , What’s Next?The DXY appears primed for a significant drop. On the daily timeframe, a clear bearish divergence has formed, suggesting potential downside movement. Key support levels should be monitored, particularly in relation to the RSI. If the RSI holds around the 50 level, we could see a potential bounce; however, a continued drop into the oversold zone is also possible. The DXY's movement may also be influenced by the FOMC minutes release on January 9th, adding another layer of significance to these levels.
TVC:DXYShort
by crypto_vulture_signals
Bearish Divergence on DXY , What’s Next?The DXY appears primed for a significant drop. On the daily timeframe, a clear bearish divergence has formed, suggesting potential downside movement. Key support levels should be monitored, particularly in relation to the RSI. If the RSI holds around the 50 level, we could see a potential bounce; however, a continued drop into the oversold zone is also possible. The DXY's movement may also be influenced by the FOMC minutes release on January 9th, adding another layer of significance to these levels.
TVC:DXYShort
by crypto_vulture_signals
BankNifty Intraday Support & Resistance Levels for 03.01.2025On Thursday, BankNifty opened on a positive note, found support at 50,992.80, and staged a strong rally to the day’s high of 51,672.75. It closed at 51,605.55, gaining an impressive 545 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 51,268.25 - 51,370.55 Far Demand/Support Zone (15m): 50,800.50 - 50,890 Far Demand/Support Zone (15m): 50,485.05 - 50,629.65 Far Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 51,767.65 - 51,937.05 Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 03.01.2025On Thursday, Nifty opened gap-up, found support at 23,751.55, and rallied impressively to a high of 24,226.70, entering the Daily Supply Zone. It closed strong at 24,188.65, gaining a substantial 445 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from negative to sideways. Demand/Support Zones Near Demand/Support Zone (30m): 23,916.70 - 23,974.15 Near Demand/Support Zone (125m): 23,678.35 - 23,822.80 Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (current price inside this zone) Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
NSE:NIFTY
by PriteshPalan
02 Jan 25 -  Direct stance change from bearish to bullish--- Nifty Stance Bullish ⬆ In the last post mortem report, I did indicate the change of stance if Nifty goes above 24177. Nifty has a close of 24188 (weighted average) and 24167 (traded value) - so I cannot say with a 100% guarantee if we got a real close above 24177 or not. The 445 pts ~ 1.88% move today gives nifty a direct stance change from bearish to bullish (no neutral stance). We are up 409pts ~ 1.72% of which 445pts came today, which also means that the stance was bearish till the 2nd of Jan 2025. What happened today is beyond comprehension, I am almost sure that none of the traders were ready for the move like this. Nifty has moved 728pts intra week of which 445pts came today. The USDINR chart is also relevant here, especially the mega move once we got a governor change. I think this is an inflection point and a weakening rupee (no firefighting by the RBI) is good for inflows.  Returning to the Nifty report, a fall below 23931 will shift my stance back to bearish so it is pretty important that Nifty holds the level today. If we continue to go up the crucial resistance levels would be 24348 and 24547. I hope we do not go above 24650 for the current expiry. --- The change in regulations is hitting professional traders more than the entry level retail ones. SEBI's new set of rules was implemented to turn off the small traders and since most of them do the options buying, the impact is not that much. The professional traders on the other hand are really going crazy as the new margin requirements are not at all helping. When you take out the professional traders from the equation, they would prefer to trade on forex, crypto or the US options than the Indian counterpart. It is just a matter of time before we see the intellectual migration to the mother market. The whine and the roar on X is proof that influencers have started talking about alternate trading options. Personally, I feel if most of them get access to a stable market - they would not hesitate to migrate.
NSE:NIFTYLong
by viswaram
NIFTY ELLIOT WAVE ANALYSIS - Wave b(4)Potential Wave B Completion in Wave 4 Correction Currently, Nifty appears to be in Wave B of an ongoing Wave 4 correction in the Elliott Wave structure. The price action suggests the possibility of filling the gap around the 81.2% retracement level, following which a decline in the form of Wave C might unfold. Key Levels to Watch: Resistance Zone: 25,600–25,700 This level could act as a key resistance, capping the upward move of Wave B. Support Zone: 22,700–22,800 On the downside, this area may provide significant support and serve as the target for Wave C. Potential Scenario: Wave B could complete after testing the resistance zone, forming a bearish reversal. If the gap fill around the 81.2% Fibonacci retracement occurs, it might signal the transition into Wave C. Wave C could drive prices lower toward the support zone, completing the corrective structure.
NSE:NIFTY
by hiteshkumar10999
Banknifty analysis for tomorrow 03 JAN 25As we discussed, Bankanifty has been bullish today. If we look at the chart now: The market is trading at the resistance level. As the market has been very bullish today, it might have a consolidation tomorrow before the big bullish momentum to the upside. All important levels have been marked on the chart. Support levels : 50 EMA, 51123, 50650 Resistance levels : 51639, 200 EMA, 51442 (minor), 52408, . If we look at the OI data: PCR = 1.1, Which shows a good bullish market structure. 51500, 51000 has good PE writing, which will provide good support. On the upper side, 52000 has good CE writing, which is going to provide a good resistance level. I am expecting the market to be bullish in upcoming sessions. Reason: Price > EMAs shows a Bullish market structure. PCR = 1.1 shows that the market is bullish. RSI = 67, showing the bullish market structure. Price > VWAP shows the market is bearish right now. Verdict : Sideways or Bullish Plan of action: Sell 51600 CE and Sell 51600 PE (Hedge position) adjust according to the price action on given levels.
NSE:BANKNIFTYLong
by finnova_
Nifty trades and targets - 3/1/25Hello Everyone. The market was in a bullish mode today. Market may come down a little bit an d then move then we can see the actual momentum. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.
NSE:NIFTY
by GOPISRI
NIFTY analysis for tomorrow 03 JAN 24As we discussed, the NIFTY has been in sideways accumulation phase, it has broken to upside. If we look at the chart now: The market is trading at 50 EMA (1D-tf) and 200 EMA (4H-tf) resistance levels. Also, the market has given good bullish momentum today. Tomorrow might be a small side day. Also, the market is trading near the resistance level, which is going to provide good resistance. Important levels and trendlines have been marked on the chart. Support levels: 200 EMA, 23950, 50 EMA (23800) Resistance levels: 24167, Trendline (PINK), 24330 If we look at the OI data: PCR = 1.2, which shows a good bullish structure in the market. The market has 24200 as max pain. As it is the very beginning of the weekly expiry, OI data is not going to play a very crucial role. Lower sides 24000, 23900, and 23800 have very good PE writing, so bulls are quite strong on lower levels. On higher levels, 24500 has good CE writing, which is going to provide good resistance. I am expecting The market is to be sideways unless it breaks the PINK trendline. Reason: RSI = 77 shows a bullish structure. (Bullish) - Price > EMA(13, 50, 200), which indicates a good Bullish structure. (Bullish) PCR = 1.2 indicates bullish direction in the market. Price > VWAP shows a good bullish structure in the market.   Verdict: Sideways or Bullish Plan of action: Sell 24200 CE and Sell 24200. PE holds it in the range. Exit one leg if it breaks to one side.
NSE:NIFTYLong
by finnova_
10