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NIFTY INTRADAY LEVELS FOR 18/11/2024BUY ABOVE - 23620 SL - 23500 TARGETS - 23730,23820,23920 SELL BELOW - 23500 SL - 23620 TARGETS - 23430,23370,23300 NO TRADE ZONE - 23500 to 23620 Previous Day High - 23730 Previous Day Low - 23500 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 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty trades and targets for - 18/11/24Hello Everyone. The market was in a very tight range the today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in blue are previous resistance and support so book profits at these zones. 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.
NSE:NIFTY
by GOPISRI
NIFTY Intraday Trade Setup For 18 Nov 2024NIFTY Intraday Trade Setup For 18 Nov 2024 Bullish-Above 23690 Invalid-Below 23640 T- 23910 Bearish-Below 23480 Invalid-Above 23530 T- 23213 NIFTY has closed on a bearish note with 2.55% cut last week. Last weekend we discussed that index will be gripped by bears below 24k. It gave a non-stop move till 23500. Now index may find support near 23150 zone as per half bat pattern (0.618). Index has formed an inverted hammer candle in daily TF near channel lower in daily TF so above its high it can be validated or else it will be sell on rise. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23690 then we will long for the target of 23910. For selling we need a 15 Min candle close below 23480. T- 23213. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY50-pain in short term & reward in long term ....NIFTY50 : 23572.30 NIFTY is in Primary Bull cycle phase (on weekly charts) and in middle of Wave -3, which should take the NIFTY at levels of 33k-43K & finally 55K in next 2 years’ time frame . On immediate basis (on daily chart basis) chart structure suggest it has entered Intermediate level wave -4 correction. Nifty at its crucial support of 200 Simple Moving Average, and on the weak footing. If nifty doesn’t hold these levels, it will open the downside till 20420 levels . Chart structure suggest that still downside risk is open. The support levels are listed below 200 SMA placed @23542 S1- 22557; S2-21675; S3- 20420 Currently Nifty is in price correction mode which suggest it to last till Jan 25, and if followed by time corrections, than Fibonacci level suggest the these correction may last till another 2 quarters (Q1 FY25).
Editors' picks
NSE:NIFTY
by DrPrashantVerma
7
"Nifty Rebounds: Key Levels to Watch Now""Nifty has shown a promising rebound, moving above the 23,600 level, which could signal further upward momentum. However, selling pressure may still be present, so we’ll analyze key resistance and support levels to watch in the coming sessions. We’ll also examine indicators that suggest whether this bounce has the strength to continue or if it might face resistance. Stay tuned for insights on potential trading setups as Nifty navigates this critical zone."
NSE:NIFTYLong
by WallStreetmny
Nifty Trading Strategy for 22nd November 2024Trading Levels for Today Buy Above: 23475 on the close of a 15-minute candle. Sell Below: 23260. Current Level: 23411 Support and Resistance Levels: Immediate Support: 23260 Next Support: 23180 Immediate Resistance: 23475 Next Resistance: 23550 Disclaimer: I am not SEBI Registered. This analysis is for educational purposes only. Trading in the stock market involves risks, and past performance does not guarantee future results. Please consult a certified financial advisor before making any trading decisions. Trade responsibly.
NSE:NIFTY
by ramkkyy
Nifty : Head & Shoulder Bearish patternNifty's fall from 26277 to 24694 and then a weak pullback upto 25234 with falling volume and again ready to break 24650. If it happens with heavy volume then it will confirm a clear breakdown from Head n Shoulder pattern. Which is very bearish. After this breakdown Nifty will try to reach near 23300 sooner or later. So Trade accordingly. Always book profit small/big. Sell on rise will be the right strategy for the coming months. Above analysis will be negated/cancelled if Nifty closes above 25500. 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.
NSE:NIFTYShort
by maneeshaggarwal
1
Nifty Expiry Support&Resistance Levels for 21 st Nov ThursdayImmediate Support: 23425 to 23350 area: If this support range holds, you are suggesting a possible long trade. The targets for this long position would be: 23500 23550 23600 23670 Voilation of supports and sustains below 23200 and 23k targets will open up. Immediate Resistance: 23670 area: This level is critical. You are considering two possibilities here: Rejection at 23670: If price reverses from this level, it could be an opportunity to short the market. Breakout above 23670: A breakout would signal a potential long trade, with targets extending up to the next resistance range of 23750 to 23800,23850. Expected Range for the Week: 450-point range: Expecting Nifty to trade within a range of approximately 450 points unless geopolitical tensions (like the Russia-Ukraine conflict) cause significant market disruption. This is a well-structured approach with clear levels for both support and resistance, and it effectively accounts for both technical signals and geopolitical risks. Keeping an eye on these levels should help in managing trades this week.
NSE:NIFTY
by rakeshreddym
4
Nifty's Next Move: Crucial Support and Resistance LevelsThe Nifty is currently finding support at 23,342, aligning with both the short-term and long-term trendlines. the support level, short-term trendline, and long-term trendline—are coinciding, which did drive the market upward. However, the long-term trendline is not entirely reliable and lacks strength. We can better judge its significance if the Nifty retests and respects this level in the future. For now, there are three possible scenarios: Rejection at Resistance: The Nifty is currently trading above 23,663 and approaching the 23,860 level. It may get rejected at this level, coinciding with the trendline, and move back down. Breakout and Trend Change: The Nifty could break above the 23,860 level and the trendline, signaling a change in the market trend and the start of an uptrend. This would invalidate the head and shoulder pattern. Bearish Breakdown: Alternatively, the Nifty could break below the 23,342 support level, turning bearish and potentially reaching the next support level at 23,063. These scenarios will help determine the market's direction in the near future.
NSE:NIFTY
by DragonFly-Trading
1
NIFTY INTRADAY LEVELS FOR 19/11/2024BUY ABOVE - 23500 SL - 23430 TARGETS - 23620,23730,23820 SELL BELOW - 23430 SL - 23430 TARGETS - 23350,23230,23150 NO TRADE ZONE - 23430 to 23500 Previous Day High - 23620 Previous Day Low - 23350 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY RANGE AT MAKE OR BREAK LEVELMarket Context and Current Position: The market appears to be completing the Elliott Wave (5), indicating a potential cycle conclusion. The recent price action shows bearish divergence in the RSI indicator, which signals momentum loss and a higher likelihood of a reversal or correction phase. The current level aligns closely with a Fibonacci retracement zone (38.2%), a historically significant support level. Potential Scenarios: Reversal Scenario: If the market respects the Fibonacci 38.2% level, a rebound can be expected. The Elliott corrective wave (likely ABC) could transition into a new bullish impulsive wave structure, contingent upon strong buying pressure. Continuation of Correction: A failure to hold at the 38.2% retracement level could lead to a deeper correction toward the 50% retracement level, coinciding with a critical long-term trendline from the March 2020 low. This would represent a structural retest of the broader bullish trend initiated post-COVID crash. Key Levels to Watch: Resistance Levels: The immediate resistance lies around the peak of the recent wave (near the 23,500–24,000 zone). Any upward breakout should be monitored for a potential extension of the wave 5 structure. Support Levels: The 38.2% retracement level (approximately 23,000) and the trendline support. The 50% retracement level (~21,500) as the next crucial fallback if the 38.2% level is breached.
NSE:NIFTY
by hanifjuneja
1
Nifty View Post Oct 26thJust sharing the current market geometry of Nifty. As per geometry, market hit the 100% extension of the covid wave rally and correcting, market broke the 85.4% (24650) on downside and entered inside our major pitchfork. I feel the selling is over, there was a post about head and shoulder on upside and price may fall up to 23200 levels and all...i admit it. i feel a bit off about the left shoulder and based on price action i feel it doesn't qualify for the pattern. I am providing the view based on geometry like before and ignoring the pattern concept and keeping the trades simple. No complications. 1) Nifty completed rally from the low if Budget day elections , 21274 to 25089 and then correction dip to 24896 and rallied to 24248 (ATH) which is exactly 61.8% extension of the 1st wave and we saw big players pulling out the money because its also 100% extension rom covid low. This we all know. see in weekly charts for clear understanding from the levels mentioned . Minimum rule 2nd candle should properly break the 1st candle to confirm momentum in that direction. If we view the weekly candles the market formed a big red candle and 2 equal wick candles ( 7th Oct and 14th Oct weekly candles) and then formed a big red candle. As per the rule, the selling is not confirmed at weekly level. how does this help? 1) We have 50% and 61.8% pitchfork levels right around where the current selling extension (100%) might end and market ( 23650) levels. Levels of next testing 1) 24115 ( already tested on friday) 2) 24023 (76% extension of current extension wave) 3) 23879 ( 85.4% extension of current extension wave) Last support line 4) 23646 (100%) and pitchfork 50% and 61.8% lines should give strong support here ( see chart, green lines upside) market spent lot of time earlier to break these lines and price action is also very solid base . If markets fall below this, then we can confirm its head and shoulders pattern and can extend till 23200 level ( opening price of July elections). Apart from this i don't see any other scope
NSE:NIFTYLong
by dasgaaravishnu
Nifty Analysis for 21-22 Nov Based on elliott wave forecasting on hourly chart we are in either wave iv or v of y of wxy correction. Which gives two possible scenarios as given in chart Green : we are wave iv with a and b completed and c can continue in future. Possible trade given in green box. Red: we are wave iii of iv and go like red arrow, trade given in red box. This is for educational purpose and not an advice/recommendation to buy or sell. Do your research before trading. Happy Trading.
NSE:NIFTY
by IMStockwala
1
Nifty Intraday Analysis for 21st November 2024NSE:NIFTY Index closed near 23520 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 100.49 Lakh 23800 Strike – 67.76 Lakh 23700 Strike – 58.44 Lakh Put Writing 23000 Strike – 60.99 Lakh 23500 Strike – 47.00 Lakh 23200 Strike – 36.91 Lakh Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range. Index has resistance near 23650 – 23750 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
NSE:NIFTY
by RKMAURYA