take chance to go longNifty looking good to go long RR is good Buy cmp 24800 target 26750 Longby gocovidgo3
Nifty Intraday Analysis for 07th 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 – 54.69 Lakh 25400 Strike – 45.57 Lakh 25200 Strike – 32.84 Lakh Put Writing 25000 Strike – 34.67 Lakh 24500 Strike – 33.52 Lakh 24800 Strike – 21.70 Lakh Index has resistance near 25300 – 22500 range and if index crosses and sustains above 26100 level then may reach near 25600 - 25700 range. Index has immediate support near 24850 – 24750 range and if this support is broken then index may tank near 24600 – 24500 range. by RKMAURYAUpdated 0
Nifty at trendline support..we need to see how this support will work out for Nifty.. by UNNYCHAKYAT0
Nifty levels - Oct 08, 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 sacxe114
NIFTY50 - 07-10-2024PRE OPEN 63 POINTS UP: resistance and support of open interest. Hence Stay cautious. RELIANCE POSITIVE HDFC NEGATIVE ICICI POSITIVE AXIS NEGATIVE INFY TCS POSITIVE LT negative Watch out for reliance industries. Market will be dependent fully on that. stay put. NO targets but 24500 can go. Even I am not sure. Confusing .Shortby ajayekka002Updated 0
Clear break down of Zones in NiftyWhat an amazing day with nifty. very clear setup break down retest boom . rejection reversal price moved in upward direction. Again took rejection from same level and wat a fall . Zones works like magic.by AIQuant-X0
Should land in wave 4 of one lesser degreeNifty should land in wave 4 of one lesser degree @ 24,444 i.e 23.6% retracement . We will see after that . by AJAYSHARMA3
NIFTY 50 (My view)My view on Nifty50 I am expecting a retracement for upside to the level of 25538-25712 Then again price fall to the low i.e., 25800 And if Nifty closes below 25700 in daily then my target is 24400, 24170, 23583 . I am not a SEBI Registered. This analysis is purely for educational purposes only. . If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.by Nshravan13
What an Amazing Zone to Zone trading . Exact Reversal & Exact bottom Catching .Price respected the zone so very well . Exactly reversed from the Zone . now if it breaks the Demand zone upwards. Retest the zone we can see a upward rally towards Supply Zone .. creating days new High.by AIQuant-X0
Is market sustain the support zoneThe market is currently trading in support zone. The big question is "IS MARKET SUSTAIN THIS ZONE OR NOT". by Nyadav_014417
Nifty today 24850-24900 if comes then buy on dip retracement 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 hitLongby JaiPrakashShuklaHarmonicTrader3
NIFTY Pre Market analysis 7th oct 24Pre Market Analysis 7th oct 24 - NIFTY opening 25084 , SUPPORT (DIP buy) - Immediate minor support-Closing Price- 25046 , next support 24962- should breakdown for for bearish move below 24840 , RESISTANCE 25148 then 25260, . already few trend days so just stay choppy with small moves #NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis by ashit_k0
NIFTY Levels for October 7, 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 RainingMoneywithTech6
NIFTY 50 ( POTENTIAL TO BREAK ITS ALL TIME HIGH)WTF as we can see DTF structure bullish and price makes HH & HL pattern and now price in DAILY demand zone with RSI bullish divergence ... LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support. on DAILY TF RSI N BOLLINGER BAND also support the IDEA... counter trendline on 1HR chart may react as a resistance once it broke it will b rocket... price may face resistance at 25450-25500 as 1Hr supply zone, 25640-25740 DAILY TF supply zone.... one can take entry in NIFTY ETF, NIFTY FUTURE, NIFTY COVERED CALL , in which risk suits you... so plan your trade accordingly... Who's gonna trade with me for this trade IDEA let me know..... Longby RISINGSTONE3
Nifty Talk for 7th October 2024 Good morning everyone 7th October 2024, Monday All the corrections levels were pending seems to be over now. However market is market. May surprise more if you are not prepared. Do not panic in case of any surprise. Also do not be the first person to buy. Wait for the sustained move above the resistance levels and then go long gradually. Support for #Nifty is at 24960. Below this 24777 is another support. Resistance lies at 25484. Above this a sharp short covering is expected. #BankNifty giving a reversal sign on Intraday chart with support 51347. Resistance would be at 51630 for the day. #Finnifty resistance 23732. Support @ 23555. No specific update other than this. Will wait for today's data to analyse for the week ahead. Take care. Have a profitable day ahead.Longby Trendxinc0
Nifty - Possible pathNifty looks like ready to take a halt in downtrend and make a upmove or go sideways it may either try to halt and reverse from 24970-85 levels or the other strongest level 28775-825 Expected 1st move till 25260-80by Vishy5332
#Nifty directions and levels for the 2nd week of October.Good evening, friends! 🌞 Here are the market directions and levels for the 2nd week of October. Global Outlook: In the previous week, the global market closed where it started, indicating that the past two weeks have seen global markets in a range-bound market. Structurally, this is a moderately bullish trend, so we can expect the continuation of this range during the week. Once the range breaks, the trend is likely to continue. In the meantime, there are some important economic data releases this week, including FOMC minutes, Balance of Trade, Inflation Rate, Initial Jobless Claims, and PPI, so we should watch these closely. Our Market: Last week, both Nifty and Bank Nifty fell drastically due to F&O-related factors. Structurally, this indicates a clear bearish trend, but the RSI is suggesting a slight bounce back due to the occurrence of divergence. If this happens, we can expect a minimum of a 38% bounce back in the minor swing. We can discuss this in more detail in the charts. Additionally, we have a major event this week: the RBI Policy announcement. Current View: The current view based on the RSI data is as follows: * The RSI divergence is likely to occur in the sub-wave 5. The structure suggests there is a 5th sub-wave forming. Once the market starts to bounce back, we can close the 5-wave structure in the 1st leg of the correction, leading into the 2nd leg. * The ideal 2nd leg is a three-wave structure, which could take a minimum of 38% to 61% bounce back from the previous swing. > In rare occasions, it could reach 78%. Structurally, it won’t go beyond this level; however, if it does, the overall trend will turn bullish. * Once the three-wave structure (2nd leg) completes, the 3rd wave will begin. The 3rd wave is a correctional wave; if it rejects and cuts below the EMA20 line, we can assume that the downtrend may continue further. This is our first variation. Alternate View: * The alternate view suggests that if the week starts with a negative candle, it may evolve into a diagonal structure. * A diagonal is a time adjustment pattern, so the correction could continue with some minor bounce backs. * However, the diagonal also indicates a sub-wave of the 5th. Once the diagonal pattern breaks upwards, the previous sentiment will apply here as well, meaning we can expect a minimum of a 38% bounce back from the previous swing.by Manickamtraders9
4th Oct 2024 - Nifty Slips 1130pts ~ 4.32%, stance bearishNifty Stance Bearish ️⬇️ What a dramatic week it has been, Nifty falls 1130pts ~ 4.32% after SEBI's new FnO rule changes go live. What spooked the markets? I guess the fear that liquidity may get sucked out post 20th November 2024. Or is it because China's stock market is going limit up? The fall in our market was kind of different, usually the bear power lasts only 2 days after which the bulls will come in and rally the markets to new all time highs. Hope we get a bear run continuation for a while now, few of the stocks and the main indices in particular are overvalued. A retracement will shake off the greed and insanity. Our stance has changed to bearish with the stop loss at 25247 above which we will go neutral.Shortby viswaram1
Nifty Levels for 6th OctDisclaimer These levels are intended for research purposes only. I am not a financial advisor, and I am not responsible for any financial gains or losses that may result from using these levels.by Trading_ATC0
NIFTY- Intraday Levels - 7th Oct 2024If NIFTY sustain above 25054 or 25073 then 25145 to 25162 or 25180 above this bullish then 25236 then 25270 to 25287 above this more bullish If NIFTY sustain below 24963 or 24948 below this bearish then 24873 to 24840 below this more bearish then 24782 to 24691 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 PrashantTaralkar0
Nifty Intraday Support & Resistance Levels for 07.10.2024On Friday, Nifty opened gap down but managed a brief recovery, hitting a high of 25,485.05 before facing resistance at the 15-minute Supply Zone mentioned in the previous post. The index then reversed sharply, dropping 500 points from the day’s high to a low of 24,966.80. It closed at 25,014.60, losing 235 points from the previous session. Currently, Nifty is trading within the Daily Demand Zone (24,753.15 - 25,130.50). If this support holds, we might see a bounce in the coming days, potentially reaching the Daily Supply Zone near 25,739. However, if the demand zone is broken below 24,753, the index could fall further, possibly reaching 24,636 or lower. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is 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 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35 Keep an eye on the key levels for potential reversals and opportunities! by PriteshPal4
for education only nifty 50 on 7 oct 2024 Recommendation: On Daily Chart Basis On Bull side of Daily Chart Buy at / above: 25043.06 Targets: 25070.09 - 25109.68 - 25149.3 - 25188.96 Stoploss : 25003.51 On Bear side of Daily Chart Sell at / below: 25003.51 Targets: 24976.48 - 24936.97 - 24897.5 - 24858.06 Stoploss : 25043.06by VinodPandey0
NIFTY 50 SPOT4TH October 24 closing was above 25000, Nifty looking weak & tired levels are given in the chart with GANN dates which are nearby Shortby GainPro0