Nifty50 Support And Resistance 11-Oct-24Please find below support and resistance for nifty 50 as follow
Resistance in Red
Support in Green
Immediate Resistance: 25051
Immediate Support: 24950
if breaks then can see up or down move.
INDIA50CFD trade ideas
Nifty Intraday Analysis for 10th October 2024NSE:NIFTY
Index closed near 24980 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 121.02 Lakh
25200 Strike – 83.21 Lakh
25300 Strike – 75.18 Lakh
Put Writing
24500 Strike – 24.98 Lakh
25000 Strike – 48.72 Lakh
24800 Strike – 43.97 Lakh
Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range.
Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
Nifty levels - Oct 11, 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!
Nifty Analysis for Long Term View Previous Bullish View (4th October)
Strong candle closed on the trendline
Nifty moved up 200 points post-closure
Current Scenario
Reversal occurred
Closed below the trendline
Trendline currently acting as resistance
Bullish Scenario Requirements
Nifty needs to make a strong close above the trendline
Key Points for Traders
Watch for a convincing break and close above the trendline
Monitor volume on bullish moves
Be cautious of false breakouts; confirm with subsequent price action
Consider the broader market context and any upcoming economic events
Today in nifty it was a range bound day Today in nifty it was a range bound day. Our rule is not to take trade until thr price reaches any zone . Thats how u save your SL. Trade Less but Trade Right ..
Mighty Nifty - Oct 10Price was volatile in the morning session and trending in the afternoon session. And now price is at support.
Pattern : Support/Resistance.
Range : Good.
Trend strength : Normal.
Buy Above : 25040.
Stop Loss : 25000.
Targets : 25080, 25120, 25160 and 25220.
Sell below : 24960.
Stop Loss : 25000.
Targets : 24960, 24920, 24880 and 24850.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
NIFTY - A SMALL GAP IN 2023 WAS NOT FILLED UP YET. Nifty didn't filled the Gap in 2023 (red trend lines). Not sure whether this was filled in previous candle few months back. I was expecting this gap to fill during the last fall during June. But didn't. Market always knows our predictions :-) and not tend to react as per our expectations.
Sharing info just for educational purpose only. Pls take call as per your own decision.
Live Technical analysis of Nifty50NO more talks...
observe the chart and try to understand the price action.
from my vision ,i am looking for buying opportunity.
Now tell me about you?????
Market Analysis -NIFTY 50 - 10th oct24Market Analysis NIFTY 50 - 10th oct 24 - NIFTY opened 25068 ,
Nearest SUPPORT - 25053- Pivot , next support 24980- PSY +Trendline of last swing+CP - should breakdown this level for bearish move, Panic and down momentum continues below 24943 ,
RESISTANCE should start trading above trendline coming from top then 25150,25247 should be confirmed for Bullish move #NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis
#nifty directions and levels for October 10th.Good morning, friends! 🌞 Here are the market directions and levels for October 10th.
Market Overview:
The global market is displaying bullish sentiment, while our local market shows a moderately bearish trend. A gap-up opening is anticipated today, with SGX Nifty indicating an increase of approximately +110 points as of 8 AM.
In the last session, we saw a lot of movement due to the RBI policy. The market is still somewhat weak overall, but the Gift Nifty is showing a positive start with around +100 points gap-up. This is because of global factors, like the Dow Jones going up strongly after the FOMC minutes. Gift Nifty also reacted to this.
What should we do with this sentiment? We should wait for a breakout in a certain range. If the market breaks this range, we can follow that direction because of the mixed local and global factors. I'll explain this more clearly in the charts.
Nifty and Bank Nifty have similar chart patterns.
Nifty Current View:
The current view suggests that if the gap-up doesn't sustain or the market rejects near the immediate resistance level of 25,173, then the correction may likely continue with a minimum downside of 78%. However, one additional confirmation is needed: after rejection, the market should break the lower trendline or the previous day's closing candle.
Alternate View:
The alternate view suggests that if the gap-up sustains, the market may consolidate around the 25,173 level. After consolidation, if this level is broken, we can expect the pullback to continue, targeting a minimum upside level of 25,272 to 78%.
NIFTY Levels for October 10, 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.
Market Mood - 10/10/2024If the market opens above 25,100 - it will touch 26,100 and might bounce back if the resistance is strong.
If the market opens below 25,100 - it will touch 24,100 and then bounce back in the upward movement as the support is HUGE.
Strong Support at 24,770 which combines both the horizontal and parallel support levels. This mid-line has been providing support since the third week of July.
NIFTY50 - 09-10-2024 BN EXPIRY DAYPre-Open Order Collection 09:07:23 IST NIFTY 50 25,065.80 52.65 (0.21 %) Advances - 38 Declines - 11 Unchanged - 1
"SYMBOL CHNG %CHNG FINAL
HDFCBANK -1.55 -0.09 1,649.50
RELIANCE 0.35 0.01 2,795.05
ICICIBANK 6.45 0.52 1,243.05
INFY 4 0.21 1,952.55
ITC 1.85 0.36 509.8
BHARTIARTL 9.3 0.56 1,666.75
TCS 6.75 0.16 4,260.00
MARKET FLAT & RESISTANCE WILL BE OF OI hence big move expected.
R1 25500
R2 25200
R3 25000
S1 25000 STRONG
S2
S3
MPC meeting hence expecting market to be volatile.
stay calls.
Nifty# BullishThe support zone should hold given how have seen the PA since last 2 days. Below the box, we might see a fresh low, which seems unlikely at the moment. However, Market is Supreme to decide.
VIEW ON NIFTYBuy zone: 24800-24900
Target 25000/25100/25250/25300
Stop loss 24750
Sell zone: 25100-25200
Target 25000/24850/25750
Stop loss 25250
I am just representing my views
For educational purposes only.
Nifty Intraday Support & Resistance Levels for 10.10.2024On Wednesday, Nifty opened gap up, briefly crossed the Daily Demand zone (above 25,130.50) and reached a high of 25,234.05. However, it couldn't sustain the momentum and dropped to a new day low of 24,947.70, finally closing at 24,981.95, losing 31 points from the previous close. Keep a close watch on the key support level at 61.8% FIBO (24,804.25). The Weekly Trend (50 SMA) is still positive, while the Daily Trend (50 SMA) remains sideways.
Demand/Support Zones:
Near Demand/Support zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone)
Far Demand/Support zone (Daily): 24,522.95 - 24,636.35
Far Demand/Support zone (Daily): 24,099.70 - 24,196.50
Far Demand/Support zone (Weekly): 23,893.70 - 24,419.75
Supply/Resistance Zones:
Near Supply/Resistance Zone (15m): 25,420 - 25,485.05
Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60
Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
Nifty weekly expiry analysis for 10/10/2024Market has given a nice movement and for two days it remained in a range but is volatile.
There are chance of market either follow the bearish trend or form a 'W' pattern.
Nifty has closed around crucial levels from where it can either reverse the trend or continue falling.
Major support level :- 24760, 24600
Resistance level :- 25210, 25480
The weekly expiry can show a trending move after a break out or break down.
Wait for the price action near the levels before entering the market.
Nifty50 Support And Resistance 10-Oct-24Find find below simple Support and Resistance:
Resistance1: 25160
Resistance2: 25234
Support1: 24888
Support2: 24756
Dis: not sebi resistered.
Nifty Overview ABCD Pattern has been formed, Tomorrow if Nifty Break 24950 then we will see T1 24770, T2 24690, T3 24550 in next week
Nifty Intraday Analysis for 09th October 2024NSE:NIFTY
Index closed near 25015 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 74.85 Lakh
25200 Strike – 57.99 Lakh
25000 Strike – 51.68 Lakh
Put Writing
25000 Strike – 44.03 Lakh
24500 Strike – 43.71 Lakh
24800 Strike – 31.21 Lakh
Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range.
Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
Nifty levels - Oct 10, 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!
Nifty BullishNifty has good support at 24700 the previous swing low.
Can look for a 50% bounce from currently.
Nifty as said yesterday buy on dip 250 points up now hold buy Nifty 25450-25550 possible in few days if RBI gives anything positive
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 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 hit
