NIFTY : 5-JUNE-2024 21025-21100 Good buying zoneTrack nifty near 21000 is good buying zone If further correction is seen tomorrow below 21700Longby prashantpradhani2
04 Jun 2024- Nifty almost hit the lower circuit ~ 10% intradayWhat a strange day it has been, the moment the market participants realized that BJP will not get a simple majority - we started falling. That realization came in the opening minutes and did not give me ample time to prepare. Honestly, I did not expect such a move today. I really thought we would have the reaction on Wednesday instead. I was not really ready with my short position and to be frank, I lost almost 5 lakhs as opportunity cost today. Nifty ended up negating the last 172 days of upmove, in the single daily candle of today. It is like watching your building collapse, something that you took 6 months to build. Interestingly the reversal came at the 200 EMA and not at 21491. If you notice my chart, I do not have a support/resistance level between 21491 and 19855 - if we break that tomorrow, it is going to be a free-fall. Stance updated to bearish till proven wrong. Current, NDA 291, INDIA 234, Others 18.Shortby viswaram0
NIFTY VIEWAs we can see Nifty Hit Resistance and Made Doji followed by Today Bearish Candle If Correction continues we can See the possible Level being Tested. Don’t make Any New Trade ATM wait for Reversal + Volume. If could be A Very Good opportunity in some stocks If PM Modi comes back expect market to make new high By Diwali. Meanwhile overall sentiment right now seems bearish. Longby SimpleTraderGogo110
NIFTY DAILY - 4/6/2024Nifty open with huge gap down and hit days low which is 21281 level with almost -1800 points which is more then -7% on daily chart. Nifty was highly volatile due to Lok Sabha Election Vote Counting. Index has formed shaven head candle on daily chart which indicates participants were selling from days high. MACD is giving Crossdown. Nifty has given closing at 21884 with -1379 points which is -5.93%. further levels for nifty can be 21550 will work as support level and resistance will be 22050 level. Bank Nifty levels Support – 45854 Resistance – 47689 Today’s Advance Decline ratio of NIFTY50 Advance - 13 Decline - 37 FII Sell – 12436.22 crores DII Sell – 3318.98 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_230
Nifty Intraday Analysis for 04th June 2024NSE:NIFTY Highest Call writing near CMP is at 24000 Strike of 100.01 Lakh followed by 72.34 Lakh at 23500 Strike and 45.67 Lakh at 23000 strike. Maximum Put writing of 42.36 Lakh at 22500 Strike followed by 42.50 Lakh at 22000 strike 42.50 Lakh at 23000 Strike. Index closed near 23265 level. Volatility will be high due to General Election result on 4th June. Market will be volatile on the General Election counting day and expected to open higher. Highest Call writing at 24000 level. Index may reach this level or cross it if 400+ seats secured by BJP. Index has support near 22500 level. If BJP could not make government or marginal majority, then Index may tank to 22000 level or below it. Longby RKMAURYAUpdated 3
NIFTY-CRUCIAL SUPOORT & RESISTANCE LEVELSNIFTY : Witnessed one of its worst day tanking 1000+ points. IND VIX which is hovering a round 26 is also threating to give a breakout towards 30-36-not a good sign for trade as volatility and swing on both sides is expected to be wild. NIFTY which is at 21800 will act as a critical support, close below 21800 likely to drag it towards 21500 whereas 21200 will act as the last major support .21200-21250 is likely to act as the last support zone.expect free fall if NIFT gives a close below 21200,i will dare to go long only if NIFTY manages to hold above 22000-22300 zone.(For educational purpose only)Shortby CSB680
NIFTY50 - Index Analysis - 28th May #nifty50NIFTY50 Update (as on 28th May, 2024) On a Daily TF: - The market is at a precarious spot with signs of a reversal from the trendline - 22775 is a support but it doesn't look a strong enough support zone For your Swing Trades: - Please position size very carefully - Trade the Trend * Disclaimerby TradeRyteStockzUpdated 3
Support - 200 EMASupport Levels are drawn with Red 🔴 color S1: 200 ema S2: Weekly Gap S3: 18600 level which was previous resistance, Mkt spend almost 2 yrs to cross that levelby OK_Rane3
Nifty levels - Jun 05, 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 - 3 JuneToday we have a gap up opening of more than 3% and the price has touched the levels of all time high. The question is weather it sustain on these levels. So, wait for the price to settle down. Technically we are in a no trade zone. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. by ssvirdiUpdated 2
NIFTY50 1DNIFTY50 ANALYSIS NIFTY 50 IS READY TO GO DOWNSIDE.. INDIAVIX IS VERY HIGH.. NEW BEGINNER TRADER SEE MOVEMENT FOR YOUR EXPERIENCE … When it break level 22418 and sustain.. it will go DOWNSIDE.. TARGET – 1ST- 21814 2ND – 21220 Enjoy trading traders.. Keep add this STOCK in your watch list.. Investor are welcome.. Shortby Prashant019Updated 3345
Be it Bulls or Bears , Retail traders gets killed on both sides.This price movement is a stark reminder as to why we should avoid trading during important Events.by naveen_kumar_PS1
Nifty50 ( 31st May) 1/2Hourly closing below 22584 -- 22609 will be 🐻 📉 📉 to 22428 and 22280 22280 could test within 3rd June Any closing sustains above 22609 in hourly then 📈 📈 Disclaimer: It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises. by KilopapaUpdated 0
#Nifty Good morning, friends! 🌺🍬 Today is a big day for the market, so I am sharing my Fibonacci levels. I have provided two pictures: one shows the extension levels for the upside. If the market takes a bullish bias, these levels might be useful. On the other hand, if the market takes a bearish bias, use the Fibonacci retracement tool for your downside targets. Usually, we use the Fibonacci minor swings, so you can follow that for better results. The swing should only be changed if it breaks the 78% Fibonacci level in that minor swing. If this happens, you should step down to your swing low, which I have indicated using the oval tool. Have a nice day!🤝by ManickamtradersUpdated 3
#NIFTY Intraday Support and Resistance Levels -04/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23340 level and then possible upside rally up to 23460 level in today's session. in case nifty trades below 23260 level then the downside target can go up to the 23140 level. by TradZoo1
Nifty Support & Resistance Levels for 04.06.2024GIFTNIFTY is trading flat at 23,446 as of 8:35 AM. After yesterday's GAP UP opening and high closing, the last Friday's high-low range will serve as a good support if we see a correction from high levels. Support Levels: Near Support (Daily): 22,417 - 22,568 Far Support Zone (75m): 21,821 - 22,041by PriteshPal1
Nifty we get 650-700 points today profit booking come in 2nd hafDisclaimer - 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 possible TRAP coming up like previous one..?As we can see NIFTY rallied and opened very strong as analysed in our previous post. Also it got rejected from our exact TRENDLINE resistance. Since this rally is more like influenced by the ongoing election results and not from fundamental improvement hence it is expected to last short. We can expect another upmove which could be a possible trap which NIFTY created previously above the structure. Hence we must trade cautiously in coming days.by Wealthcam0
Nity made New All Time High after Robust Gap up openingThe market witnessed the session of june 3 with Robust gains, following Exit polls results. After Big Gap up opening Nifty remained in postivie momentum & closed near 23250 level A Big Bullish candle is formed on daily chart The imp upside hurdle is placed around 23400/500 level whereas downside support is around 23000 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility during the Election Results on june 4 Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups Longby Himanu_HATradeTalk11
NIFTY DAILY - 3/6/2024Nifty open with huge gap up and with All Time High which is 22337 level with almost 807 points which is almost 3.58% up, this rally followed exit polls results. Nifty has formed Shaven head candle or Hanging Man candle on daily chart. MACD is bounce back from Signal Line. Nifty has given closing near 23263 level with 733 points up which is 3.25%. Further levels for nifty can be 23299 will work as resistance level and support will be 23121 level. Bank Nifty levels Support – 51438 Resistance – 50467 Today’s Advance Decline ratio of NIFTY50 Advance - 43 Decline - 7 FII Buy + 6850.76 crores DII Buy + 1913.98 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 Intraday Analysis for 03rd June 2024NSE:NIFTY Highest Call writing near CMP is at 23000 Strike of 65.77 Lakh followed by 25.17 Lakh at 22500 Strike and 21.50 Lakh at 22600 strike. Maximum Put writing of 32.16 Lakh at 22000 Strike followed by 29.96 Lakh at 22500 strike 25.62 Lakh at 21500 Strike. Index closed near 22530 level. Volatility will be high due to exit poll outcome and General Election result on 4th June. Gap up opening expected around 22800 – 22825 range and if Index crosses and sustain above 22825 then may reach near 22900 – 23000 range. Profit booking expected on higher level in the last trading session due to election result on 4th June. Index has support near 22300 - 22225 range if index go below 22400 level and if the 22200 level is broken then index may reach near 22050 level. Longby RKMAURYAUpdated 1
Nifty trades and targets - /6/24Hello Everyone. The market was in a bullish mode today. As per the gift nifty market it looks like a gap up opening tomorrow. If you made profits today then its better not to trade tomorrow as premiums are high and operators will try to get traders SL throughout the day. 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. Book profits every 30 points as we are getting very few trending moves.by GOPISRI1