time analysis nifty 300 point fall expectednifty forming ABC flat correction C wave will start on 06-06-2024 This study for information PurposeShortby Elliottmjranalyst333
NIFTY DAILY - 5/6/2024Nifty opens gap up and bulls were struggle to survive into the markets and made days low 21791 level. Afterwards bulls came back into action and made days high which is 22670 with 735 points up which is almost 3.36% up. Nifty has formed a big bullish candle on daily chart with long lower shadow which indicates participants were buying from day’s low. Candle is trading below 19 Days Moving Average Line. Further levels for nifty can be 22794 level which is resistance and support will be 22400 level. Bank Nifty levels Support – 48568 Resistance – 49334 Today’s Advance Decline ratio of NIFTY50 Advance - 48 Decline - 2 FII Sell – 5656.26 crores DII Buy + 4555.08 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂by radha_232
#Nifty spot : Support levels given #Nifty spot 05.06.2024 Support at 22350-22400 support at 22125-22150 support at 21900-21950by anandnst0
Nifty Intraday Analysis for 05th June 2024NSE:NIFTY Maximum Call writing near CMP is at 23000 strike with 96.06 Lakh followed by 45.30 Lakh at 22500 Strike and 43.17 Lakh at 22000 strike and Put writing of 73.95 Lakh at 21000 Strike followed by 35.39 Lakh at 22000 Strike and 34.93 Lakh at 21500 strike. Index is closed near 21885 level. Index has immediate support near 21525 - 21500 range and if this support is broken then index may tank near 21100 level. Index has resistance near 22300 - 22425 range and if index crosses and sustain above 22450 level then may reach near 22650 level. by RKMAURYAUpdated 7
Will market sustain the bounce???NSE:NIFTY in upcoming few days Masterclass assignment done by a student #Learning is Earning📚🥇 Post these big panics, the probability of a bounce is highly likely. In this image, you can see a graphical view of the number of stocks down 4.5%+ with respective dates. One can check what happened after these big days. Often, a bounce occurs post big panic days. The big question is: Will the bounce sustain? My bias is not favorable on the long side for a few weeks. For any move on either side, it is highly likely we are going to pause. The 4th of June was a day filled with 90% of stocks participating with big volumes, which is not a very good sign for small caps. Sector rotation may continue, but the majority of stocks are going to take some time. #StockMarket #Trading #MarketAnalysis #SectorRotation #SmallCapsLongby Trendxinc0
NIFTY 50 INDEX GANN ANALYSIS FOR 06 JUNE 2024 EXPIRYNifty Index is recovering from the recent fall after the all time high done on 03 June 2024 at 23338.70. The correction was a single day fall to 21303.25 a 2000 points on the downside. The Gann Rule of 50% worked perfectly today with recovery to the levels of 22524. The index hit the important 233oo level and met resistance after consolidating between 22500 and 23300 for past 3 months. Level of 22500 was hit on 07 March 2024 for the first time. For tomorrows expiry we have resistance at 22800 and we need to stay above this level for further recovery. Level of 22252.85 is the support on downside. the level of 22524 is trend decider level for tomorrow. Extensions could expand the range to 23124 and 21913. Happy Trading !!!by kbr91219651
NIFTY Prediction for tomorrow 6 Jun 24NIFTY gave a really big bullish moment today. It's still an effect, and the market boomed 700+ points. If we look at the chart now: The market gave really big momentum to the upside. The market is trading above EMA, which shows that the market is really bullish right now. There is also a bullish EMA(13, 50) crossover, which indicates that the market is in a bullish phase now. Support levels: 22246, 21850, and 21293 resistance levels: 22640, 22832, 23151 If we look at the OI data: PCR = 0.61, which has increased from 0.53, shows a bullish sign in the market. There is no such max-pain Market that is clearly bullish. There is only good CE writing at 23000, which is going to provide a huge resistance. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1 : Sideways in range of 22253-22640 Case 2 : On either side, it breaks to either side's trade accordingly. Reason: RSI > 60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullishmarket structure. PCR = 0.63 has risen from 0.53 and shows signs of bullishness. Price > VWAP shows a Bullish market structure. Verdict: Sideways in range of 22253-22640. and Volatile on either side, it breaks. Plan of action: Case 1 : Sideways: Sell 22250 PE & 22650 CE (Hedge it with 20/- premium options) Case 2 : Exit the opposite position on either side. It breaks.by finnova_13
Nifty levels - Jun 06, 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 at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!by sacxe1
Nifty on Radar - 4 JuneKeep an eye on the demand zone 21,000 to 21,300. We also have a strong divergence on the Weekly chart. by ssvirdiUpdated 225
Nifty (1m) 05-06-2024Dear traders,daily support and resistance levels for nifty 05/06/2024 Important resistance level R1-22,244.10 Important support levels S1-21,996.45 S2-21,681.70by ramprakashmp19970
Nifty got the resistance from the higher channel nifty , nifty future and gift nifty all got resistance from the tl also from the monthly level still trying to move down giving some important patterns and levels in comments section by omvats1Updated 5
Way forward in Nifty next 3-4 weeks1. Yesterday, Later half of the market, price pull back happened from 200 ema, but the end cosing is quite uncertain 2. Blue highlighted area represents stong support 21500-21900 Price opening or closed below this area could unfold another 1000 point dowanward possibility. 3. What can happen, A. Sidways moment on this support area, untill we get clear picture current political situation B. High probability of downfalls, since the mandate is unacceptable. Seller will get aggressive on every rise. Volatility will increase 4. What should be done, Limit your stock positions for at least next 3-4 weeks. Ideally fresh position shouldn't be taken untill the price close above 22400. by OK_Rane1
#NIFTY Intraday Support and Resistance Levels -05/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22010 level and then possible upside rally up to 22130 level in today's session. in case nifty trades below 21950 level then the downside target can go up to the 21830 level. by TradZoo2
Nifty support for all long positions 21300 Today, everyday. Till the end of my life. I encourage you to read a lot of books, earn a lot of money and help the society and world to be a better place. Bcz a life that helps many lives is the life worth living for. Thanks. The time has come to be cash ready to reinvent your portfolio. You have 1.5 months. by Trendxinc0
#NiftyGood morning, friends. I'm sorry for saying this, but I don't have much experience with trading during election times. I'm just trying to share a sentiment, so please don't misunderstand me. I read some expert sentiments suggesting that until the newly elected party fully takes on its role, the market may undergo a correction because the party won with a minority. I think so too. If you have any other sentiments, please share them with me so we can discuss them.by Manickamtraders6
Nifty Support & Resistance Levels for 05.06.2024Huge selling was witnessed yesterday due to election results that did not align with exit polls. A big red candle on the daily chart broke almost all near supports of the last four months, breaking the channel and taking support at the daily demand zone of 21,137 - 21,459. Support Levels: Near Small Support (Daily): 21,137 - 21,459 Far Support (Daily): 20,769 - 20,950 Gap Zone Support (Daily): 20,267 - 20,508 (if further fall occurs) Resistance Levels: Intraday Resistance Zone (15m): 22,643 - 22,881 Major Resistance/Supply Zone (Daily): 23,062 - 23,338.70by PriteshPal1
TRAPPED everyone exactly as analysed.As we can see NIFTY trapped everyone as analysed in our last analaysis. Now the index has gotten weak despite the win of NDA but if NIFTY manages to open inside the structure then we may see some bullishness else it could be more like sideways market today so plan your trades accordingly guys by Wealthcam0
Whats Next in Nifty after biggest fall.NSE:NIFTY #NIFTY50 DAY Chart Analysis for 05- JUNE-24. 📰BJP is unable to form a stable clear majority government, so there will be an impact on markets 📰 👉Perfect Handling of markets before elections and Glitch in CDSL it was so perfect and flawless, after that massive fall by 5.93%. 🔹View: Biggest fall seen yesterday and still it is not in a mood for V shap recovery. So lets analyse in detail. TECHNICAL ANALYSIS 👉INDIA VIX :- 26.74 ( V. High ) 👉PCR :- 0.52 ( Decreased) 🔹Structure :- 1 year range breakout on Monday became a 1 year gain erosion on Tuesday. 👉Price hit around 200 EMA after 7.5 months. 🌐GLOBAL:-DJI& Nasdaq close slightly bullish. 📰 🌐GIFTNIFTY:- 90 Points Plus. 👉OI:- Immediate resistance 22300 after that Heavy calls Written at 22500 followed by 22500 make a strong resistance for Nifty. 👉FII DII:- Both sold Heavily. ⚡️⚡️OUTLOOK:- will remain in range for some days if not fallen instantly below the mentioned zone on chart. Detailed analysis on chart Study it and mark levels on your chart Keep Learning, Happy trading.by SANJAYPATIDAR_10
Nifty yesterday said sell on rise we get massive profit sell risDisclaimer - 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 :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
A Crucial Lesson for Traders and InvestorsThe Risk of Market Predictions During Election Results: A Crucial Lesson for Traders and Investors As the dust settles after the recent election, one thing has become clear: predicting the market on such a volatile day can lead to substantial losses. Many traders and investors faced significant financial setbacks by attempting to anticipate market movements based on election outcomes. This serves as a stark reminder of the inherent risks involved in market predictions, especially during highly uncertain events. The market is influenced by a myriad of factors, many of which are unpredictable and can swing sentiment dramatically within minutes. Election results introduce a high level of uncertainty and volatility, making it exceedingly difficult to accurately forecast market reactions. For traders and investors, this experience underscores the importance of a disciplined approach to market engagement. Instead of attempting to predict market movements, consider the following strategies: Diversification: Spread investments across different sectors and asset classes to mitigate risk. Long-Term Perspective: Focus on long-term growth and avoid making impulsive decisions based on short-term market fluctuations. Risk Management: Implement robust risk management techniques, such as stop-loss orders and position sizing. Stay Informed: Continuously educate yourself on market trends and economic indicators but recognize the limits of predictability. Remember, the goal is not to time the market but to spend time in the market. Embrace a strategy that aligns with your risk tolerance and financial goals, and resist the urge to react to every piece of news. Let's learn from these experiences and build a more resilient investment approach for the future. #InvestmentStrategy #MarketVolatility #RiskManagement #FinancialPlanning #ElectionResults #TradingTips #LongTermGrowth #InvestingWisely #MarketLessons #WealthManagementby NeuroTechTrader0
NIFTY -Continuation View- Watch OnlyNIFTY : (To Watch only) Continuation View (in case of uncertainity in formation of govt.) 21250 and 20850 levels might be tested. GAP filling is also pending at 20400 levels by roshansai0
Nifty witnessed Biggest Single Day fall of Recent Years Indian benchmark showed correction & lose more than 6% on Vote counting day. Nifty broke below imp swing low & showed sharp correction to came near 21300 level A Big Long candle has formed on Daily TF, erased last few months gains The imp upside hurdle is placed around 22500/600 level whereas downside support is around 22200 zone Track for price to form Price Action Patterns at Imp Levels, However market may show Choppiness after today's sharp fall. Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups by Himanu_HATradeTalk13