Nifty - head & shoulder -1Day Nifty near to forming head and shoulder daily time frame was is. Near Support @ - 24260- 24123 Regards, ChaitanyaLongby CHAITANYA68110
Nifty Respecting ZonesRejection from Supply Zone. Reached Demand Zone . Break Down of Demand Zone Retest and now target FI Zone . Shortby AIQuant-X4
Market analysis 22 oct 24- NIFTY 50Market Analysis NIFTY 50- 22 oct 24 - NIFTY opening 24798 opening near support + PSY +CP - 24785 and support from yellow trendline as shown which - should sustain bullish , can take SUPPORT from dip - 24753 (liquidity) if not hold can head to 24679 -PDL and bearish below that (2nd support) RESISTANCE 24870 and level to watch to get rejection- 24938 #NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketviewby ashit_k1
#nifty directions and levels for October 22nd.Good morning, friends! 🌞 Here are the market directions and levels for October 22nd. Market Overview: The global market is showing a moderately bearish sentiment due to yesterday’s decline, and our local market is following a similar trend. We anticipate a neutral to slightly gap-up opening today, with SGX Nifty indicating a positive start of +35 points as of 8 AM. In the previous session, both Nifty and Bank Nifty opened with a gap-up, but it didn’t sustain. If you look at the structure, both indices are different from one another. Nifty is indicating a range-bound market, while Bank Nifty is showing a moderately bullish structure. > How can we interpret this? I took two things into consideration for today’s direction: first, yesterday, the global market declined by nearly 1%, and second, looking at the Nifty and Bank Nifty charts broadly, the pullback occurred after a sharp decline. Both of these signs indicate a bearish bias. That’s how I started today's scenario with a bearish outlook. Let's dive into the charts. Nifty Current View: The current view suggests that even if the market opens with a gap-up, structurally it won't sustain. So, if this starts to decline, we can expect a correction to a minimum of24,614, which is a minor support. If the decline has a solid structure, then the trend will likely continue. However, the notable thing is that it is in a range-bound market, so there is a small probability of a minor bounce back as well. Please watch carefully. Alternate View: The alternate view also presents a kind of range-bound market. If the market sustains the gap-up, then we can expect24,914 for the pullback target. Structurally, it could reject there; if this happens, we can expect a minor correction, but it shouldn't break yesterday's low. This is the basic premise. After this consolidation, if it breaks24,914, then the pullback will likely continue further.by Manickamtraders12
NIFTY50: INSTITUTIONAL LEVELS FOR 22/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.by tony_fx_sm1112
NIFTY Levels for October 22, 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
4 hourly chart indicates reversal in near future.4 hourly chart indicates reversal in near future as the lower has not been broken down so far.by puribs442
Nifty Intraday Support & Resistance Levels for 22.10.2024On Monday, Nifty opened with a gap up, touching the 75-minute supply zone and making a high of 24,978.30. However, it reacted sharply from this zone, falling nearly 300 points to a low of 24,679.60. It eventually closed at 24,781.10, down 73 points from the previous close and below the FIBO 61.8% retracement level of 24,804.25. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is negative. Nifty Demand/Support Zones for 22.10.2024: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 22.10.2024: Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Far Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35by PriteshPal1
nifty 50 head & shoulder viewhead & shoulder is formed in daily chart if the candle open below this support line bearish may continue. This analysis is my own idea. I don't recommend taking trade based on this idea. consult your SEBI registered adviser to Know the market risk before trade. in.tradingview.comShortby johnjen20886
NIFTY INTRADAY LEVELS FOR 22/10/2024BUY ABOVE - 24800 SL - 24700 TARGETS - 24890,24950,25020 SELL BELOW - 24700 SL - 24800 TARGETS - 24600,24530,24460 NO TRADE ZONE - 24700 to 24800 Previous Day High - 24950 Previous Day Low - 24700 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍by Jagadheesh_JP7
NIFTY 50 Intraday Levels for 22/10/2024NIFTY 50 Intraday Levels for 21/10/2024 Here are the NIFTY 50 Levels for intraday. Based on market movement, these levels can act as support, resistance or both. The SL (Stop loss) for each trade should be there. 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 bhosalevishal1
Nifty trades and targets for - 22/10/24Hello Everyone. The market was in a bearish mode today. 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. by GOPISRI6
Nifty : Clearly A Bull's TrapNifty has shown a hollow strength above 25600 and 26277 with lesser volume than breakout. In this fall If Nifty closes below 25500 then this uptrend will be proven as Bull's Trap. close all your long position below 25500 or close all short positions above 26200. Beware that This Oct,2024 might shake all your stock market related assumptions. I am hoping a BIG correction or trend reversal for a longer time frame. 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.Shortby maneeshaggarwalUpdated 0
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 22 OCT 202422 Oct 2024 WORLD MARKETS 1. World Markets are making a pull back to 21 SMA. But the trend is bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is again at 13.7 Indicating an increase in volatility. 2. GIFT Nifty is indicating a flat opening as of 2030 Hrs. INDEX HEAVY WEIGHTS 1. HDFC Bank post result and some news about disinvestment IS UP 2.7 %. It has support at 1714. However any move below 1708 will be bearish as it may try to cover the gap at 1685. 2. ICICI Bank is bullish. It has good support at 1260. However any break of 1250 will again push it back to 1200 levels. 3. Reliance is indecisive as it took rejection at 2740 as discussed yesterday. we may see more consolidation between 2740 - 2710. before it make a move upside or downside. ANALYSIS 1. NIFTY is still bearish. It could not sustain 24970. 24700 is a good support. Any break of this will give us 24465 levels. 2. Bank Nifty has again closed below 52000. we need to see whether it will break 51800 decisively. Then we can see further downside to 51500. TRADING PLAN 1. NIFTY OPEN BETWEEN 24862 -24700: Sell any rally to 24975 and break below 24800. 2. NIFTY OPEN ABOVE 24862 : sell any consolidation between 24950 - 24800 and break below 24800 decisively. 3. NIFTY OPEN BELOW 24700: Sell rally to 24800 and break below 24750 decisively. 4. BANK NIFTY OPEN BETWEEN 51764 - 52157: Sell any rally 52157 and break below 51000 decisively. 5. BANK NIFTY OPEN ABOVE 52157: Wait for a consolidation and break above 52350 decisively. 6. BANK NIFTY OPEN BELOW 51760: Sell any rally to 52000. 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 sam200519683
VIEW ON NIFTYBuy zone: 24700-24800 Target 24850/24900/24950/25000/25100 Stop loss 24600 Sell zone: 25050-24950 Target 24900/24850/24800/24750/24650 Stop loss 25100 I am just representing my views For educational purpose only.by dakshb38390
Head & Shoulder in 15 Minutes timeframe.A picture perfect Head and shoulder is created in Nifty 50. Whats interesting is it coincides with a 10% correction expected by the experts. I have marked the failure and targets of this trade. Note: This is good only for positional players.Shortby SantoshIyengar8
Will this fall in Nifty continue? What to do with your portfolioStock has been analyzed based on my trendline analysis. Please note that levels given are for training and educational purpose only. Please do consult your financial advisor before investing in the stock12:35by ashishlele290
Nifty Intraday Analysis for 21st October 2024NSE:NIFTY Index closed near 24855 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 53.45 Lakh 25500 Strike – 42.62 Lakh 25100 Strike – 31.69 Lakh Put Writing 24500 Strike – 37.52 Lakh 24800 Strike – 33.90 Lakh 24700 Strike – 32.87 Lakh Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range. Longby RKMAURYAUpdated 1
Nifty levels - Oct 22, 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!by sacxe2
Nifty sell on rise until 25050 not break 24425,24150,23890TargetDisclaimer - 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 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3- (T3 : 127.2 %) Target 4- (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hitShortby JaiPrakashShuklaHarmonicTrader0
#nifty directions and levels for October 16th.The global markets are still bullish, while our local market is showing a moderately bearish trend. Therefore, there is no clear direction for the short term. Today, the market may open with a slightly positive start. If this happens, we can expect that Friday's pullback may continue further. Let's explain it one by one. Current View: If the gap-up sustains, we can expect the pullback to continue, with some consolidation around the resistance levels. For Nifty, the expected target range is 25003 to 25059 Alternate View: The alternate view indicates that if the market declines initially, or if it rejects around the immediate resistance, we can expect a correction of38% to50%. > It is important to note that we cannot assume this is a correction even if the market breaks the50% Fibonacci level, as the structure exhibits a bit of a bullish bias. Therefore, we should look for some additional confirmation to predict the correction. If this happens, I will inform you during market hours.Editors' picksby Manickamtraders121278
Pre Market analysis NIFTY 50 - 21 oct24Market Analysis NIFTY 50- 21st oct 24 - NIFTY opening 24956 opening near small resistance - 24977 and PSY 25k, and support from yellow trendline as shown - should sustain this for bullish , can take SUPPORT from dip - 24888 till 24860 if not hold can head to 24772 -Pivot and bearish below that (2nd support) WAIT n WATCH -9.45 #NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketviewby ashit_k0
NIFTY Levels for October 21, 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 RainingMoneywithTech1