Nifty50 upside breakoutSo, in nifty 50 Head and shoulder pattern form & will give an upside breakout. Moreover, a 200 EMA is thereI from where it may pullback from that point. Follow for more update.Longby pupusterio1
Nifty levels - Nov 29, 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 sacxe3
Nifty 50 Gap fill doneNifty 50 Gap fill done. 23900 is important support. Index under pressure due to IT Sector. DXY has cooled off.by Pratik_SmartEye0
nifty will move upward from 23800after goood falll , it is ready also corrected and well retested now it will get bullish near 23800 Longby activeTradrAshu0
Nifty Retrace 38% and at support 15 min EMA 200Hello Everyone, Nifty from low of 23350 made swing high of near 24350 now at support of EMA200 in 15 mins time fram also gap is almost filled RSI adjusted and fibbonacci retrace 38% if previous trends is going to continue then upside possible from here.Longby sagarmali1011
Nifty 50 spot 24000.45 by Daily Chart viewNifty 50 spot 24000.45 by Daily Chart view Update to the last review for Nifty 50 Index Chart by PIYUSHCHAVDA0
Gap Filling by Nifty50Dear all, Will the BTC fill the gap that exist in earlier opening. Let us wait and watch.Shortby hanu20050
Nifty 28-11-2024 ExpiryHDFC bank up , reliance and icici bank down. So market is still showing strength to hold. Most probably it will be a flat expiry but can spurt once for profit. 24349 still acts as resistance. 24133 acts as support. by ajayekka0020
Nifty 28-11-2024 ExpiryHDFC bank up , reliance and icici bank down. So market is still showing strength to hold. Most probably it will be a flat expiry but can spurt once for profit. 24349 still acts as resistance. 24133 acts as support. by ajayekka0020
NIFTY- Intraday Levels - 28th November 2024 Please note :- not all levels are marked on chart some are marked and some are mentioned below. If NIFTY sustain above 24355 to 24375 then 24398 to 24419 above this bullish then 24493 to24536 or 24555 day close above this can be consider bullish. If NIFTY sustain below 24238 below this bearish then 24146 to 24126 then 24086 below this more bearish day closing below 24000 can be considered bearish My view (for your study and analysis only, also conside my analysis could be wrong and to safegaurd the trade risk management is must) Probably sell on rise below 24238 and buy on dip above 24375. in intraday it may give a spike, however my view is opening or first half will be sell on rise, afterwards some shortcovering may come and we may see some bounce. 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 PrashantTaralkar330
Nifty Intraday Support & Resistance Levels for 28.11.2024On Wednesday, Nifty opened flat and traded within a narrow range. It touched a low of 24145.65 and a high of 24354.55, eventually closing at 24274.90, up by 80 points from the previous close. For the past three days, Nifty has been consolidating in the 24100 - 24350 range, signalling indecision. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating the market is waiting for a breakout. Demand/Support Zones Near Demand/Support Zone (15m): 23856.15 - 23940.30 Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Near Support: 23189.88 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 A breakout beyond 24350 or a breakdown below 24100 could set the tone for the next directional move. by PriteshPal1
Nifty Hourly View | Nov ExpiryNifty seems to be in corrective wave abc of B. Price action making a complex structure. Price might oscillate between 24500-24000 supply and demand zone as shown in chart. Directional move possible only above or below zones shown. More price action can confirm the move. For intraday setup, shown a 15 min chart image.by IMStockwalaUpdated 111
#nifty50 - 28th November!!NSE:NIFTY Understand the chart, observe the chart, then implement 👍🏻 Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.by thetradeforecast111
PRE MARKET ANALYSIS OF NIFTY FOR 28 NOV 202428 NOV 2024 WORLD MARKETS 1. World markets are trading bullish. nothing much to say about world markets. INDIA VIX AND GIFT NIFTY 1. India VIX has closed below 15% and has crashed by 4.5% which is good for bulls. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish and is trading above all time high . 1821 is a resistance but we can consider it will be broken eventually. 2. ICICI Bank on the other hand is consolidating with a negative bias. 3. Reliance is consolidating between 1280 - 1300 with a positive bias. ANALYSIS 1. Nifty and Bank Nifty is consolidating in a tight range of 24150 - 24350 and 52000 - 52500 respectively. 2. we may see the range bound move in Nifty tomorrow because of expiry. However Bank Nifty may react tomorrow. 3. Nifty and Bank Nifty is trading above 200 SMA and hence it is prudent to take long view. 4. However for any dip we can sell 24200 put and wait for a rally to 24350 levels. 5. Life is tough for option buyers. TRADING PLAN 1. NIFTY OPEN BETWEEN 24384 - 24170: NO TRADE. 2. NIFTY OPEN ABOVE 24331: Wait for a consolidation and break above 24370 decisively. 3. NIFTY OPEN BELOW 24170 : Wait for a consolidation and break below 24100 decisively. 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.Longby sam200519680
Nifty: Trend Analysis (Parallel Channel and 200SMA)The current uptrend of nifty has started 23-Mar-23 and since then nifty is rising steadily by following parallel uptrend channel. It has taken support three times. 1. 27-Oct-22 2. 05-Jun-24 3. 22-Nov-24 Nifty has also respected the 200 SMA except for breaking it on 12th Nov 24 and then reclaiming back. Such a trend lasts for at least two years before taking a pause. With Maharashtra election behind, the upcoming key events are: 1. Delhi election – result may not have any major impact. 2. Budget in Feb 2025 Conclusion: in next 2-3 months, we might see brief upsurge till 26000, before nifty cooling off and consolidating and prepare for next up-move. by rampalxyz0
VIEW ON NIFTYBuy zone: 24100-24150 Target 24200/24250/24350/24400 Stop loss 24050 Sell zone: 24350-24300 Target 24250/24200/24150/24100/24050 Stop loss 24400 I am just representing my views For educational purpose only.by dakshb38390
Nifty levels - Nov 28, 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
after symmetrical triangle what will be possibility after symmetrical triangle complete Short00:51by sagarmishra020619940
Nifty Analysis as on 27-11-2024The Nifty 50 is in dumping mode for today. Nifty Analysis as on 27-11-2024 is as shown. Pls comment your views.Shortby mchanumantharaju0
Nifty Intraday Support & Resistance Levels for 27.11.2024On Tuesday, Nifty opened with a gap-up at 24343.30, which also marked the day's high. However, the momentum did not sustain, leading to a low of 24125.40, before closing at 24194.50, down by 27 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is also sideways. The Demand & Supply Zones remain unchanged from the previous analysis. Demand/Support Zones Near Demand/Support Zone (15m): 23856.15 - 23940.30 Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Near Support: 23189.88 (61.8% FIBO) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside Weekly Supply Zone) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily Supply Zone) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05by PriteshPal2
NIFTY50nifty trading near resistance zone range of 24400-24600 . with strong multiple supports. expecting to be in a range of 23800-24400 for this week until it breaks 24600 by PartTimeProfits0
market View for 27.11.24 NiftyToday Market View , Market Try To Break Triangle Fame But Sellers Show Stength At That Level09:29by TheGoldenFarmsEquity0
NIFTY 50 November Closing 23786?Nifty 50 took support near .618 fib retracement levels on Daily TF which is astride 200 DEMA (23555). An Overhead Supply Zone has formed below the 0.382 fib retracement level (24567). The pattern formation suggests November monthly closing in the Pivot Zone of 23786 to 24053. Shortby Jay_Maan1