We had a last hour big fall yesterday and now price is testing the trend direction deciding zone.
22500 can act as strong support.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 22640.
Stop Loss : 22600.
Targets : 22680, 22720 and 22760.
Sell below : 22540.
Stop Loss : 22580.
Targets : 22500, 22460 and 22420.
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Nifty opened with a gap-up and after making a high near 22800 in first hour we saw a crash. We posted a sell idea on Tradingview @ 22780 - 22800 for intraday and traders made great profit in Nifty puts today.
For Monday, we are not looking for a buy and will see sell on rise opportunity. If Nifty sustains below 22440, we may see 22400 and below marked levels on...
What are the important levels of Nifty 50?
For new positions in Nifty:
Buy Nifty stop loss at 22,500 for targets of 22,675, 22,700, 22,750 and 22,775; above 22,800, one may hold their position with a trailing stop loss.
Sell Nifty only if it breaks below 22,400; aggressive traders can sell Nifty near 22,750-22,775 levels with a strict stop loss at 22,825.
How To...
Sell Nifty @ 22780 - 22800 for 22740 and lower marked levels on the chart.
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InvestPro India
The daily chart pattern is forming a head and shoulder. May possibly NIFTY will follow the pattern and enter into a bearish mode. The figure of DII investment on March and April is huge. There will be a cooling of period during June to December.
NIFTY Intraday Trade Setup For 6 May 2024
Sell_1- From 22650
Invalid-Above 22700
T- 22500
Sell_2- Below 22340
Invalid-Above 22390
T- 22110 21886
NIFTY has closed on a bearish note last week as Friday it ended on a bearish note and closed the week near lows. Last week we discussed that index broad range is 22800 and 21700 and still this weekly range is intact....
Price was unable to sustain day's high and fall down nicely. Will the fall continue or price will move up?
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 22520.
Stop Loss : 22480.
Targets : 22560, 22600 and 22640.
Sell below : 22440.
Stop Loss : 22480.
Targets : 22400, 22360 and 22320.
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Nifty 50 index created a flag pattern in its weekly timeframe. If index breaks the upper boundary of this pattern, it may move at least 900 points in upward direction . I like to buy the next month nifty futures after this pattern breakout. And will headge with ATM PE.
This is not a trade reccomendation, but for educational purpose only.
And if the market...
NIFTY Intraday Trade Setup For 8 May 2024
Buy-Above 22350
Invalid-Below 22300
T- 22590
Bearish-Below 22230
Invalid-Above 22280
T- 22000 21800
NIFTY has closed on a bearish note with 0.62% cut today. Sell triggered below 22350 and gave a good move till 22335. Index held 50 EMA in daily TF. In case 50 EMA is respected then 22350 will be a bullish reversal level....
Price was consolidating in a narrow range today. There was no clear trend direction. Can we get trending move tomorrow?
Pattern : Consolidation.
Range : Medium.
Trend strength : Normal.
Buy Above : 22320.
Stop Loss : 22280.
Targets : 22360, 22400 and 22460.
Sell below : 22240.
Stop Loss : 22280.
Targets : 22200, 22160 and 22120.
Hit the like button to Rock !!...
Today, Nifty's support area is between 22102 and 22179, while its resistance is between 22444 and 22494. Nifty ended yesterday at 22302.50, showing an important change in its trend. The overall feeling is turning bearish because the Nifty went below the lows of the last nine days and closed there. Traders and investors need to keep an eye on these levels as they...
In my opinion, I am looking to buy , which is a strong DEMAND ZONE and NIFITY create all time high and break the previous structure. It is not advisable to enter without confirmation from a lower TF.
cmp : 22442
demand zone : 22305-22392
supply zone : 22740-22810
nifty is respecting both demand and supply zone.
breaking any one zone will be indication for next big directional move of 2-4%
price action suggest bearishness but if demand zone is respected it may bounce back.
any dip towards demand zone should be treated as buying opportunity with strict stop...
In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
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Nifty opens on lower note but afterwards nifty made high of the day which is 22710 level.
Index was choppy throughout the trading session.
Nifty has formed shaven bottom candle on daily chart which indicates participants were buying from day’s low.
Double Moving Averages are giving crossover.
Nifty is able hold 22600 level so, further resistance will be 22700...
