Nifty broke demand zoneNifty has given break down of demand zone, if sustains we can see a downward moment till FI zone Shortby AIQuant-X0
Nifty Spot Trading Strategy 18th November 2024Nifty Spot Trading Strategy: Buy Above 23,695 / Sell Below 23,475 Current Value: 23,533 Key Trading Levels: Buy Signal: Close above 23,695 on the 15-minute candle Sell Signal: Close below 23,475 on the 15-minute candle Strategy Overview: Buy Strategy: Trigger Level: 23,695 Action: Enter long positions Profit Booking: Regular intervals or use a trailing stop loss Target Levels: 23,800 and 23,900 Sell Strategy: Trigger Level: 23,475 Action: Enter short positions Profit Booking: Regular intervals or use a trailing stop loss Target Levels: 23,400 and 23,300 Market Insights: The price is currently at 23,533, indicating potential for both bullish and bearish activity based on the key levels. Key support and resistance levels to watch are between 23,475 to 23,695. Disclaimer: This analysis is for educational purposes only. I am not SEBI registered. Please conduct your own analysis before making any trading decisions.by ramkkyy0
Nifty 50 - A Healthy Market Correction, Not a Crash!The recent dip in the Nifty index should be seen as a healthy market correction rather than a crash. Corrections are a natural part of any market cycle, helping to recalibrate overvalued stocks and present opportunities for long-term investors. While short-term volatility may cause concern, it’s essential to focus on the broader trend. Key support levels are marked, and as the dust settles, the market could find new momentum to move upward. Staying patient and strategic during such phases often proves rewarding. Expect a follow-up to this in the coming months.by sandeepbalachandran0
NIFTY TRGS As posted earlier Nifty has moved as predicted , achieving Trg 23556 . Below 23484 expect Trgs 23460 /426/235/044/198 . Below one level expect price to meet the next lower level. Bias remains down. look for updates Shortby lalitseth0
NIFTY- Intraday Levels - 18th November 2024If NIFTY sustain above 23557 above this bullish then 23655 to 23675 then 23729 to 23746 or 23764 to 23775 above this more bullish then 23856 to 23873 important level If NIFTY sustain below 23476 important level below this bearish then 23491 to 22402 then 23367 to 23350 below this more bearish My view (for your study and analysis only, also consider my analysis could be wrong and to safeguard the trade risk management is must) Probably buy on dip 23476 is make or break level .. in intraday it may give a spike, my view is above this bullish and below this bearish for intraday. Consider some buffer points in above levels. Please do your due diligence before 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.by PrashantTaralkar110
SHORT NIFTY 50(SHORT TERM)Nifty 50 is in bearish mode and will continue to be in bearish cycle atleast till Q4 ending i.e. March 2025. It is in continuous downtrend and will make new lower highs and lower lows. According to my analysis, I am expecting it to take a great support near 22000 levels. 21800-22000 is a very crucial long term support for NIFTY 50. Keep you cash ready. Let's bear the bears till March.Shortby sidrek0070
Nifty needs repairs at these levelsNifty fall is not over yet. Check levels. 23300 looks small support. If it breaks, expect to move further down. Overall, November seems to be still bearish Shortby ChartistSimpleCharts0
PRE MARKET ANALYSIS OF NIFTY NAD BANK NIFTY FOR 17 NOV 202418 NOV 2024 WORLD MARKETS 1. US is consolidating with a negative bias. 2. Asia is mixed while Europe is bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is still near 15 indicating more bearishness. 2. GIFT Nifty is indicating a 130 points down tick at 23400. INDEX HEAVY WEIGHTS 1. HDFC Bank has resistance between 1700 -1690 levels. Support can be seen at 1650 levels. 2. ICICI Bank has resistance at 1260 while 1240 seems to be an intermediate support. 3. Reliance is still bearish. It has good support only at 1200 levels. 1286 seems to be a good resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 23585 - 23480: Sell any rally to 23650 and break below 23600 decisively. I expect nifty to consolidate in this range for a day or two . 2.NIFTY OPEN ABOVE 23585: Wait for a consolidation and break above 23650 levels. we can retest 23800 levels. 3. NIFTY OPEN BELOW 23480: This is a crucial 200 SMA support for nifty. So wait for a consolidation and break below 23450 decisively. Alternatively any weakness at 23500 can be sold into. 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 next level.Nifty may come to 22500 level. For me 20500 to 22500 this is the buying zone. If Nifty close above 24500, then it will go upto 25200.by AfuNaf0
Doji candlestick pattern near 200 DEMA also after big downtrendDoji candlestick pattern near 200 DEMA also after big downtrend. Normally Doji found at end of Uprend or Downtrend. hense possibility of reversal is higher.by SandeepHandge3
Nifty Intraday Support & Resistance Levels for 18.11.2024On Thursday, Nifty opened with a gap down, touched a high of 23,675.90, and slipped to a low of 23,484.15. It eventually closed at 23,532.70, losing 26 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Notably, Nifty has closed inside the Daily Demand Zone for the second consecutive session. As mentioned earlier, if this support holds, we could witness bullish momentum pushing Nifty toward 23,900 - 24,250 levels. Demand/Support Zones Near Support (Daily): 23,350 - 23,667.10 (current price within the zone) Far Support: 23,189.88 (61.8% FIBO Level) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Immediate Resistance (30m): 23,908.65 - 23,992.50 Higher Resistance (75m): 24,106.90 - 24,242.00 Major Resistance (75m): 24,447.65 - 24,537.60 Extended Resistance (75m): 24,636.75 - 24,741.45by PriteshPal2
14th Nov 2024 - PostMortem on Nifty - Will we break 23000?--- Nifty Stance Bearish ️⬇️ In last week's report, we changed the stance to moderately bearish and kept a stop loss of 24394 for a neutral stance. What happened on Monday was quite unexpected, we rallied almost 340 points from the opening low and I had to exit my position at a minor loss. Right after the exit, the markets fell proving me wrong again. We also said 23854 will be the support level below which we will go aggressively short. We took out this on Tuesday itself. Wednesday we had a beautiful down day and we touched 23509. On Thursday, the expiry day, we saw some stability in the trade but that did not prevent us from seeing a new swing low of 23484. Since Friday is holiday, the week's session ended Thursday itself and the final tally is -550pts ~ -2.28% down. --- Our view is fully bearish and the positions taken for the next weeklies are:- Sell 23500 CE Buy 23600 CE Max profit: 11170 Max loss: -8830 Breakeven level: 23555 If the market rises above 23555, we may have to firefight and save the extreme loss. 23649 may give some resistance as per the chart, so let's see what the market has in store for us next week. Meanwhile, BankNifty had its last weekly expiry this week and as informed earlier, we stopped tracking that index and are seriously considering Sensex for intraday algo strategies.Shortby viswaram0
Nifty 50 Completes Decadal Impulse Wave 5.Nifty has completed Elliott Impulse Wave cycle that began in 2008 And Awaits Correction Waves that should follow for decent future run up.. 0.5/0.61/0.78 Fib retracement is Possible, Which Will bring Nifty to 17000 Level.. 2025 2026 Crisis is about to Begin.. Mark the Level 24k to 25k If this zone is Respected, Then This Correction may begin with full throttle taking Nifty to 18k 17k Very soon.. Our previous Idea has seen the 26250 level being tested and respected strongly! Make your Decisions Consciously after going through previously posted idea linked here. Shortby DrAnandMUpdated 6
Nifty Week AheadNSE:NIFTY entered successfully into the correction zone this week breaking 200 EMA. Marked Major Support and Resistance for Nifty Week Ahead. 50 WEMA Will be Crucial. Currently Trading Below 200 DEMA, with a P/E of 21.60 down 10.44% from ATH. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.Shortby Karanshah13711
How moving average works on chartsHello mates sharing a view How Moving Averages Work A moving average works by calculating the average price of a security over a specific period of time, and then updating that average as new price data becomes available. The purpose is to help eliminate noise (short-term price fluctuations) to provide a clearer view of the underlying trend. Types of Moving Averages Simple Moving Average (SMA) Definition: The most basic type of moving average. It is calculated by taking the arithmetic mean of a security’s price over a specified number of periods. Formula: SMA=Sum of closing prices over a periodNumber of periods SMA=Number of periodsSum of closing prices over a period Example: A 10-period SMA adds up the last 10 closing prices and divides by 10. As each new closing price comes in, the oldest price is dropped, and the new price is added. Use: The SMA smooths out price data and provides a basic view of the average price over the chosen period. Exponential Moving Average (EMA) Definition: A more sophisticated type of moving average that gives more weight to recent prices, making it more responsive to price changes compared to the SMA. Formula: The calculation is more complex than the SMA but it’s designed to give more emphasis on the latest price data. Use: The EMA is often preferred in volatile markets because it reacts more quickly to price movements, providing more timely signals. Weighted Moving Average (WMA) Definition: Similar to the EMA but with a simpler calculation. It assigns a specific weight to each data point, with more weight placed on the more recent prices. Use: Like the EMA, the WMA is more sensitive to recent price changes compared to the SMA. Common Periods for Moving Averages Short-Term (Fast) MAs: 9, 10, 20 periods (e.g., 10-day or 20-day SMA or EMA) Medium-Term MAs: 50 periods (e.g., 50-day SMA or EMA) Long-Term (Slow) MAs: 100, 200 periods (e.g., 200-day SMA or EMA) Key Uses of Moving Averages Trend Identification Uptrend: When the price is above the moving average, it signals an uptrend. Downtrend: When the price is below the moving average, it signals a downtrend. Sideways (Neutral) Trend: When the price moves sideways and stays close to the moving average, this indicates no clear trend. Support and Resistance Levels Moving averages can act as dynamic support and resistance levels. In an uptrend, the price might repeatedly bounce off a moving average, using it as support. In a downtrend, the moving average might act as resistance. For example, in a strong uptrend, the 50-day or 200-day moving average might act as a support level, where price tends to pull back to and then bounce up again. Crossovers (Golden and Death Crosses) Golden Cross: A bullish signal occurs when a short-term moving average (like the 50-day SMA) crosses above a long-term moving average (like the 200-day SMA). This is seen as a confirmation of an uptrend. Death Cross: A bearish signal occurs when a short-term moving average crosses below a long-term moving average. This is seen as a confirmation of a downtrend. Momentum and Buy/Sell Signals When the price crosses above a moving average: This is often considered a bullish signal, suggesting that an upward trend could be starting. When the price crosses below a moving average: This is typically a bearish signal, suggesting a potential downward trend. Smoothing Volatility By averaging out price data over a set period, moving averages help reduce the "noise" of daily price fluctuations and provide a clearer view of the overall trend. How to Use Moving Averages in Charts Plotting Moving Averages: On most charting platforms, you can easily overlay a moving average by selecting the tool from the indicators list and choosing the period (e.g., 50-day or 200-day). Adjust the Time Period: You can experiment with different time periods to adjust the sensitivity of the moving average. Shorter periods (e.g., 10-day) react faster to price changes, while longer periods (e.g., 200-day) provide a smoother, slower-moving trend line. Example of Using Moving Averages Trend Confirmation: If the price is consistently above the 50-day moving average, the market is likely in an uptrend, and you might look for buy opportunities. If the price is consistently below the 50-day moving average, the market is in a downtrend, and you might look for sell opportunities. Golden Cross (Bullish Signal): Suppose the 50-day SMA crosses above the 200-day SMA — this is the "Golden Cross," a classic signal that suggests the start of a strong uptrend. Traders may start looking for long (buy) positions. Death Cross (Bearish Signal): Conversely, if the 50-day SMA crosses below the 200-day SMA, it forms a "Death Cross," signaling a potential downtrend, and traders may look for short (sell) opportunities. Using Moving Averages as Support/Resistance: In an uptrend, the price might pull back toward the 50-day moving average and then bounce back up. This makes the 50-day MA act as a dynamic support level. In a downtrend, the price might approach the 50-day MA and then reverse downward. This makes the 50-day MA act as a resistance level.Educationby MISSION_TRADING9
NIFTY View Bounce and Break !Hello mates sharing a view on Nifty on weekly time frame, So as we can see that after a good correction form all time highs now price reached to weekly support level. NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. I will try my best to update this publication for a bounce or a break too stay tuned. Hope you like my idea, Thanks in advance.by MISSION_TRADING3
Nifty 50 Nifty 50 Support levels shown below 1. Support 1 - 23111 2. Support 2 -22900 3. Support 3 -22605 4. Support 4 -21983 If one support breaches, need to look into next below support levels 22605 looks to be strong support If takes pinbar from this support levels, It can reverseShortby karthikozy1
negative divergence in NIFTY50rsi showing negative divergence , better to be cautious approach Shortby TechnicalAnalystSucritUpdated 3
Nifty level for option trading 15/11/2024 Arrowindex :- Nifty level for option trading 15/11/2024 follow for more updates and information.by ARROWINDEX4
NIFTY 50 - HEAD & SHOULDER - WEEKLY CHART.NIFTY50 is making Head & Shoulder pattern at weekly chart. 23350 is a Strong Support, it is at an old lower trendline Support too. We took the support at this lower trendline even on 4th June - Election Result Day. Before that in the last week of October 2023. Since 10% correction has already happened so there is strong probability of a Reversal from this level(23350), but in case Nifty breaks this level then there is a probability of it going down further, here I am just keeping the current market scenario/trend in mind. Nifty is touching the 200ma at Daily chart. The ultimate support 21280 is almost equal to the depth of ascending channel, 21280 level means almost 20% correction in Nifty. There is no exact date in case Nifty goes down, no one can predict that. Support: 23350, 22775, 21800, 21280. 14nov 2024. This is for learning and educational purposes only. Please consult your financial advisor before investing.by SatpalS2
Point & Figure Charting method Noiseless charting I have made efforts in Displaying the current market pattern and upcoming Trend this entire chart description is based on the method called wave Theory if you have any Questions please comment i will try to answer it Thanks by ShreeKrishna_F6610
NIFTY 50 - PredictionNifty 50 almost lost 3000 points since September 2024. It might take support near green line but If it breaks below that line in weekly timeframe, then we can expect it will reach 21700 range.by Breakout_Spotter226