#Nifty spot cash : Expected Resistance 23500/24200#Nifty spot -For coming days 02.06.2024 Expected Resistance 1 - 23500 Resistance 2 - 24200 Cmp 22531Longby anandnst4
Nifty Expiry trades and targets - 3/6/24Hello Everyone. The market was in a very tight range the previous day. Wait for premiums to come down before taking any trade. Its going volatility for starting 1 hour. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 50 points as we are getting very few trending moves. 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. by GOPISRI1
June 1st week analysis Nifty Weekly Analysis for the June 1st week analysis Past week nifty has taken resistance at the Red line and started coming down and also Breaks the previous high and started going Down, as per the analysis for upcoming week Nifty will be in down trend until the green line Support Shortby ShanjeevOptionTrader229
Nifty View for Election ViewThe Exit Polls suggest that the NDA Govt. will be in power again. Thus, the FIIs that have been shorting their position the entire month of May, will either have to Cover their positions on Monday, or hold their positions with a hope that the Exit Poll results don't become a reality. Either ways, we'll see huge volatility on either Monday or Tuesday. Here's our key levels for the week- Upside Potential between : 23,000 - 23,700 Downside potential between : 21,500 - 22,000 Let me know what you think.Longby ArjitGarg0
Nifty50 Channel pattern -+According to the option chain Support - 22500 resistance - 23000 Fib retracement - The 0.5 level represents a 50% retracement of a move. overall positive for buy signal Take a trade as per your R:R. Longby Pradeep_raj0
Nifty 2 Hour Swing Chart, Technical OutlookThe price has given the break of structure on the down side. The broken structure indicates a start of a downtrend. But the downtrend will be confirmed on the breakdown of 22,417. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. by ssvirdi1
Analysis Next Week 03-07 June 2024 | Lok Sabha Election ResultsIn this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket 09:33by TheStockMantra2217
31 May 2024 - Stance changed to neutral, all eyes on exit pollNifty was unable to break the 22519 support, the entire day we spent hovering around this support resistance level - but the sheer inability to break shows the lack of strength of the Bears. I would have maintained the bearish stance if we had at least 1 candle below this level. Currently, the next support level is at 22295 and the resistance level is at 22781. All eyes are on the exit polls now, to be frank - technical analysis won't work when there is news flow and there is no way to predict what is coming next. To be honest, I am not aware if BJP will get the number of seats they had in mind or if we have a coalition govt or not. Personally, I prefer not to predict but take some aggressive positions once a clue appears. My expectations for markets next week, post election results 1. 400+ seats - up 5%+ 2. 270 to 399 seats - down 5 to 10% 3. less than 270 seats - down 25% I am of the impression that we may have a fall after the initial surge as a few sectors are overvalued.by viswaram114
Nifty AnalysisSame story of price moving in channel and RSI divergence continues, hope for some decisive move after elections RSI needs to break the trendline for a strong rally on upside On downside Zone of 21700-900 has provided strong support if broken with RSI slipping below 40, 20222 can be the next levelby trendtrader062
NIFTY PRICE ACTION PREVIOUS DATAsee how price action working 22900 level is act as strong support many time index bonce on support create lower high and breakdown once candle close below support then next day index is open gap down and sustain give sharp down fall NOTE: only for educational purpose RULE: 1: always trade with stoploss 2: decide your risk per trade and per day 3: believe to your analysis 4: stay positive and keep patience technical analysis + money management+ physicalogy = successful trader pls like and shareby harikant06722
Nifty, Divergence Formed on the Weekly ChartA strong Divergence pattern is formed on the Weekly Chart. Also we have an indecisive candle on the daily chart. WTF Resistance : 23,200 WTF Support : 21,850 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.by ssvirdi224
NIFTY LONG TERM SWING AND CIRCUIT LEVELS FOR EXIT POLL RESULTSA gentle reminder for those worried about price being locked in circuit on Monday, the circuit levels are FAR away . Although with India VIX at 24.60, it may possibly test long term swing levels on either side. 24K loading....?by jbmaan2
Nifty Intraday Analysis for 31st May 2024NSE:NIFTY Highest Call writing near CMP is at 23000 Strike of 38.92 Lakh followed by 17.38 Lakh at 22500 Strike and 13.56 Lakh at 22600 strike. Maximum Put writing of 20.48 Lakh at 22500 Strike followed by 15.36 Lakh at 23000 strike 11.78 Lakh at 22450 Strike. Index closed near 22490 level. Index has strong resistance near 22600 - 22625 level and if index if crosses and sustain above 22750 - 22800 range. Index has support near 22300 - 22225 range and if this support of 22200 support is broken then index may reach near 22050 level. by RKMAURYAUpdated 1
Nifty - Intraday Trade Opportunity for Week of May 27!An impulse is currently developing with distinct waves labeled as 1, 2 and 3. Should the nifty index decline in a clear ABC pattern towards the highlighted grey zone on the chart, and if we observe bullish candlestick formations such as the morning star or bullish engulfing, it may be a suitable opportunity to enter a long trade and hold it until the price reaches the high of 23030. All the mentioned criteria including stop loss are clearly indicated on the chart. Notice: Please be aware that the information provided in this analysis is intended solely for educational purposes. It is strongly advised to consult with a financial advisor before making any investment decisions. I cannot be held responsible for any financial losses that may occur. by harshit22Updated 2
NIFTY Prediction for tomorrow | 3 June | MondayAs we discussed, Nifty had a sideways structure; it was sideways the whole day. If we look at the chart now: The market is trading in the range while taking good resistance at 200-EMA. The market is very volatile as VIX is 24.60. the market is trading in the range 22465 - 22639. If we look at the last two candles, it is a huge volume from the support zone as well as selling from the resistance zone. If we look at the OI data: PCR = 0.76, which has fallen from 0.53, shows a market bullish structure. 22500 is going to be MaxPain. 23000 is very Hard resistance with heavy CE writing. I am expecting: Case 1 : Sideways in the range 22465 - 22639. Case 2 : If the market breaks 22465 to the downside or if the market breaks the upside, it will be bullish. Reasons: RSI < 50 shows a weak bull strength. Price < EMA(13, 50, 200), which indicates a bearish market. The market has formed a lower high lower low structure in 15-min TH that indicates the market is bearish unless the market tends to form a Higher-High. PCR = 0.76 indicates neutral market behavior. Price < VWAP shows that a weak market structure can lead to a bearish market. Verdict: Sideways in range also can break to either side. Plan of action : Case 1: Sideways: Sell 22450 PE & 22650 CE (Hedge it with 40/-) Case 2: Exit the loss-making leg once it breaks the channel. by finnova_4411
Nifty levels - Jun 03, 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 - 30 MayToday we have a gap down opening and the price has made a strong negative candle. The price is in a strong negative trend. The probability on the down side is more than 60%. Also the price is entering in the compression zone. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.by ssvirdiUpdated 2
Nifty is getting ready for a big moveThe Nifty Index appears poised for a significant shift. Given its current position, there's a risk of it becoming a trap zone. It's advisable to adopt a cautious stance and wait for a clear directional move - either a breakout above resistance or a breakdown below support - before making any trading decisions. This approach minimizes risk and ensures trading actions are based on solid market signals.by kausar13nUpdated 225
A No Trade Day on NiftyPlease avoid trading Nifty today. Whatever you see today is most likely Weak Short covering. It is best to wait for Election Results to play out before the next move. Trade Responsibly!by Sky_Tracer110
Nifty today buy on dip hold it for Monday Yesterday we book 1900 points profit on silve 360 points profit on gold. Today 1250 points profit running on silver 200 points profit running on gold enjoy massive profit in 2 day's again Disclaimer - 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
NIFTY 50 CHART IS POSITIVE hello friends as you can see in 5 mint chart market broadening bottom pattern if market breakout resistance after retested you can buy i hope you like my chart analysis thank you and allah bless you.Longby Soyab_Ghazzi_Trader110
Nifty - Pre Exit Poll Outlook: Bulls Above 22,400 Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ----------------------------------------------------------------------------------------------- Key Levels to Watch: - Immediate Resistance: 23,000 What Unfolded Last Week: The index retraced 600 points, making a low of 22,417 as expected pause below 23000 in the last idea. Last Idea - Nifty Explosive (Part 3): From 22,000 to 23,000 in Record Time! Future Expectations: If Nifty surpasses the 23,000 mark, it will confirm that the bulls are in charge, reflecting the market optimism seen since early 2014. Nifty has strong support in the 22,400-22,500 zone. Holding above this zone, we expect an upward move towards the 22,775-22,825 target zone. If it holds above 22,825, it can target 23,000. Beyond 23,000, bulls will take charge, potentially driving the index to 23,500 and later 24,500. Note: Strictly no trades below 22,400. From WaveTalks Abhishek Editors' picksby WaveTalks1717793
#Nifty Directions and Levels for May31st.Good morning, friends! 🌺🍬 Here are the directions for May 31st: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also shows a bearish trend. Today, the market may open with a slight gap-down, as indicated by GiftNifty, which shows a decrease of 25 points. Nifty and Banknifty moved in different paths in the last session. What about today? I think it may continue a little bit. OK, let's look at the Nifty chart first. Even though Nifty fell, it had a solid pullback in the last half hour, so even if the market opens with a gap-down, it may try to bounce back initially because the structures suggest that. If this happens, we can expect a range market between the 38% upside resistance and the previous low. if it happens, the second half might enter a correction phase. but This is not necessary, is our first variation. The alternate scenario suggests that if the initial market takes a solid pullback and reaches the 38% Fib level, we can try a breakout entry that may reach the 50% Fib level. If this happens, it could retrace a little bit and continue consolidating further. However, if it breaks 50% after the consolidation, we can expect a rally continuation.by Manickamtraders4