NIFTY 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....
📊 Nifty50
✅ After double Top formation couldn't hit upper Trend channel and fell badly from ATH
✅ Currently trading near lower trend channel, if nifty touches lower trend and reverse from there that will be the best scenario but it can also break the trend & when it happens many retailers will exit their portfolio and that will be the best time to make fresh...
Downside
entry at 22168
First target 22003.80
Last Target 21793.80
Upside
Entry 22284.45
First Target 22400.25
Last Target 22543.55
Fib Levels 0.5 and 0.618 are important levels
both are reversal zones
Nifty will be gap up opening in today's session. After opening nifty sustain above 22480 level and then possible upside rally up to 22600 level in today's session. in case nifty trades below 22440 level then the downside target can go up to the 22320 level.
Please find below simple resistance and support:
Resistance: 22093
If crossed up then will see upward move:
TGT: 22131
Support: 21984
If crossed down then will see downward move:
TGT: 21813
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY...
NSE:NIFTY
Highest Call writing of 92.93 Lakh at 22500 Strike followed by 74.94 Lakh at 22700 Strike and 72.23 Lakh at 22600 strike. Maximum Put writing of 68.98 Lakh at 22000 Strike followed by 61.29 Lakh at 21800 strike and 43.88 Lakh at 22300 Strike. Index closed near 22300 level.
Index has strong support near 22225 level and if this support is broken then...
NSE:NIFTY
Highest Call writing of 124.52 Lakh at 22800 Strike followed by 110.43 Lakh at 22500 Strike and 107.09 Lakh at 22700 strike. Maximum Put writing of 91.13 Lakh at 22000 Strike followed by 56.08 Lakh at 22200 strike and 55.48 Lakh at 22300 Strike. Index closed near 22300 level.
Index may reach near 22500 level if crosses and sustain above 22370...
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and...
What are the important levels of Nifty 50?
For new positions in Nifty:
Buy Nifty stop loss at 22,500 for targets of 22,675, 22,700, 22,750 and 22,775; above 22,800, one may hold their position with a trailing stop loss.
Sell Nifty only if it breaks below 22,400; aggressive traders can sell Nifty near 22,750-22,775 levels with a strict stop loss at 22,825.
How To...
Nifty 22475 - Nifty is holding on support 22380. Based on Market indicators we expect Nifty has more possibility to move to 22615,22710 before reversal.
Nifty will be gap up opening in today's session. After opening nifty sustain above 22480 level and then possible upside rally up to 22600 level in today's session. in case nifty trades below 22430 level then the downside target can go up to the 22310 level.
Nifty looks bearish and it is at support level and we can see bearish "3 Drive pattern", if it breaks and closes below the trend channel we might see nifty touching 21000 (Upcoming election results could impact the trend though!?), time to be cautious in the Market and better to wait till election season completes.
-- Analysis is only for educational purpose...
"Good morning, friends! Here are the directions for May 6th:
There have been no changes in the global market; it's maintaining its range, while our local market sentiment also indicates a moderately bearish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +100.
Nifty fell drastically in the previous session, so the...
NIFTY 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....
As we can see NIFTY despite its weakness managed to close itself in green and inside the trendline as expected and analysed in our previous analysis. Now we can start making new long positions keeping SL at the lows of previous candle for a minimum of 1:3 positional basis. Plan your trades accordingly.
I think on Market now NO MORE SELLING TO COME in Coming days because market strcture or price action shows the market will go UP and RSI also in favour.
Today 10th May Market is on Trendline if it breaks then our Target in the coming days will be 22500
SUPPORT ZONE: 21950-22050
STOPLOSS: 21930
Targets: Greenline
T1: 22200
T2: 22330
T3: 22450
Imp. Note: This...
