NSE:NIFTY
Highest Call writing of 48.27 Lakh at 22300 Strike followed by 46.07 Lakh at 22200 Strike. Maximum Put writing of 70.05 Lakh at 22000 Strike followed by 42.24 Lakh at 21500 Strike.
Index may face resistance near 22200 - 22300 and retraces if reaches near that level due to weekend and Israel Iran Tension.
Index has strong support near 21990 - 21950...
Nifty opens gap down almost -150 points but into second half bulls were back into the market and made days high that is 22179.
(which means nifty recover 150 points from bottom and another rally of 150 points which means total nifty recovered by 300 points).
Nifty has formed a big green body candle with long lower shadow and upper shadow, which indicates buyer...
Guys... I am sharing my analysis of Nifty over a longer time frame.
The Elliot waves are marked on the chart. Nifty is currently in the wave 3 of the primary cycle.
This primary cycle runs in smaller intermediate waves.
Wave 1 started on April 2023;
Wave 3 from November 2023;
Expecting wave 4 to end by April 2024, and we can expect wave 5 to begin from May...
#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...
#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...
According to rising wedge bearish pattern. Nifty weak if not able to cross the upper trend line. Also up side momentum will be very slow for time being. Below i have stated upper levels with the help of fibo extension But if somehow it breaks the lower trend line. There will be fast moves after breaking the major support which is 22000. Bollinger band middle...
Trend is bearish trading below daily
50 EMA and infosys ADR trading 5 percent down after company posted Q4 earnings that can effect on nifty pushing to more downside. Still we follow support and resistance levels to trade on friday.
Support are 21950 if sustains below short targets of 21900,21850,21800,21750
Resistance are 22080 if sustains above long targets of...
#Nifty Trading in Channel only.
Taken support from earlier given range 21800 to 21700.
IF 21700 breaks then support at 21550 to 21450.
Upper level can tour 23000 +
Nifty 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...
The market (NIFTY50) is currently trading at 22436. However, it's important not to blindly follow the buy or call side under the yellow box, as it signifies a sideways zone. For the past two days, I've observed a sideways market with premiums not showing significant increases.
Here are the levels and analysis for the NIFTY Monthly Future Traders:
Once the...
Symbol - NIFTY50
CMP - 21980
NIFTY50 witnessing heavy selling and now slipping below 22,000 round level.
Market sentiment is weak but according to my analysis, Nifty is now trading at major support levels.
22000 - 21930 is good support range for Nifty. I believe Nifty will take support from current levels & will show a reversal from here soon.
Dow Jones is at...
Nifty 50 Wave Count And Targets
optional counts are in perple
Minimum after Ending Diogonal
Target 1 21763.10 if turns from here then 21956.45 - 22149.80
Target 2 21487.85
Target 3 21137.20
Nifty is following the Ascending Channel Pattern at 4hr and Daily chart. Today it has taken the support at the lower Trendline, which is near 22050-A strong support. Market may reverse from here following its previous Trendline chart pattern. Nifty is also making a Double Bottom at 15min chart, a Hammer candle at 1:15pm and RSI divergence are visible, probability...
Nifty is taking support of trendline also try to form double bottom on chart, if sustaining above 2195 it may test 22150 and 22333 soon.it is also form bullish morning start pattern.
Any hourly closing above 21911 then upward momentum 📈 to price level marked on the chart
Closing below 21804 📉 📉 in any 1hr 🕯 then more corrections is possible
21804 --- 21910 ( No trade zone ) sideways
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
