NIFTY 50 LEVELSNifty 50 Important Psychological levels For today intrading trading by Rojen18Updated 3
Nifty Hourly Analysis | December Expiry | 24000Nifty has shown a resistance near 50% retracement of all time and swing low 24770. Looks like wave B has completed. we will observe the Price tomorrow near 24500 or below Yesterday low. Shorts can be initiated on weakness with Protective SL of 24772 and Target of 24150-24060- 23970 in 1-2 Days. We can see 24k on this expiry. Shortby IMStockwalaUpdated 0
Nifty Day Chart for next impulse wave anticipation Nifty 50 wave analysis for new high anticipation 1) We have an impulse wave 4 jun 2024 low point 21281 to 27 sep 2024 high 26277. 2) This impulse wave corrected as ((a)) ((b)) ((c)) correction it is a Flat correction up to 0.618% of previous leg. i) internal structure is 3-3-5 wave ((a)) has zigzag. wave ((b)) has expanded or irregular flat. wave ((c)) has impulse wave (i) (ii) (iii) (iv) (v). 3) The market has provide motive wave low point 23263 to 24354 so traders and investors participate in next impulse wave or failed x wave we can anticipate new high in the market Disclaimer It is my personal research or my view not for buying or selling recommendation only for educational purpose. Thanks MKT Learner by meenaanita613Updated 2
Nifty Intraday Analysis for 19th December 2024NSE:NIFTY Index closed near 24200 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 114.28 Lakh 24300 Strike – 113.59 Lakh 24400 Strike – 104.68 Lakh Put Writing 24000 Strike – 85.55 Lakh 24200 Strike – 74.22 Lakh 23900 Strike – 56.04 Lakh Index has resistance near 24325 - 24350 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range. Index has immediate support near 24050 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range. Big Moment on either side expected after US FOMC Meeting outcome and Commentary on 18 - 19 Dec’24 night. by RKMAURYAUpdated 1
NIFTY prediction for tomorrow 20 Dec 24As we discussed yesterday, the market opened at -250 points and spent the whole day sideways in a tight range. If we look at the chart now: The market is at a crucial point that can provide good support. Also, the price is very far from the EMAs, which might retrace to the EMAs. The market might reverse from this point. Right now, the market is neutral. Support levels: 23772, 23488, 23363 Resistance levels: 24339, 200 EMA, 24682 If we look at the OI data: PCR = 0.7, which has increased from 0.4, shows put addition at the lower level. 24000 has good support and resistance points. This is going to work as max pain. As it's the start of the week, OI won't play much of a role. I am expecting Case 1: Bullish if take support at 24950. Case 2: Bearish if it breaks the level 24950 to the downside. Reason: RSI < 40 shows a good Bearish structure. (bearish) Price < EMA(13, 50, 200), which indicates a good bearish structure. (Bearish) PCR = 0.7 indicates a neutral market. price < VWAP shows a good bullish structure in the market. Verdict: Neutral Plan of action: Sell 23950 CE and 23950 PE and adjust your position as per the price action at 23950. by finnova_2
Nifty levels - Dec 20, 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 below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!by sacxe4
Nifty 50 The Nifty 50 index has shown a Head and Shoulders pattern, which is a classic technical analysis formation often seen as a reversal signal. Here's a brief analysis: Pattern Formation: The Nifty 50 formed a head and shoulders pattern with the neckline around the 22300 level. The right shoulder formed near 22300, and the pattern was confirmed when the price broke below the neckline. Target Projection: The measured move target for a head and shoulders pattern is calculated by measuring the distance from the head to the neckline and projecting it downward from the neckline break. In this case, the target is around 21970 levels. Current Trend: After the neckline break, the Nifty 50 has continued to move lower, reaching around 21932 levels recently. This suggests that the short-term trend remains bearish. Support and Resistance: Key support levels to watch are around 21970 and 21880. On the upside, resistance is near 21240. Market Sentiment: The broader market sentiment has been cautious, with sectors like FMCG and IT showing mixed performance. The India VIX, a measure of market volatility, has also risen, indicating increased investor fear.Shortby EquityGainer1
Nifty Zero Hero 19 Dec 2024Expecting a sharp fall in NSE:NIFTY After 3 PM IST Because Nifty has Already Falled 289+ point from the Morning and now every retail trader like us will think about buying from the market will reverse and a huge selling will occur Shortby TradersVision6120
Nifty at reversal area againPosted a chart earlier when nifty was at 23, 600 hoping that it would take support from the trend line and 200 SMA, which it did. After giving more than 5% returns from that level, nifty has retraced back to its support level again close to 23, 800. Time to look for reversal signs Longby shivasanthanam072
Nifty at support level againPosted a chart earlier when nifty was at 23, 600 hoping that it would take support from the trend line and 200 SMA, which it did. After giving more than 5% returns from that level, nifty has retraced back to its support level again close to 23, 800. Time to look for reversal signsLongby shivasanthanam072
NIFTY SPOTshowing you all the MIRROR VIEW REPLICATION of what was already done @ Past on the Left side..... the Bottom and what the MArket is trying to replicate the same on the current right hand side by deepgupsUpdated 1
NIFTy Hourly Retrace 61% swing Set upHello everyone, Nifty falling 3rd consecutive day from 24660 to 23880 reatrace 61% fibbonacci and RSI also overold for hourly chart sustaining above 24000 give more power to buyers, fed cut the rates by 0.25basis but commented no changes in coming year leads to fall of global markets, expecting upside swing momentum till 24500,24700,25000. below 23800 go more panic for 23500,23300,23000Longby finvestalgo8
New Tax system (Expectation Beyond Reasons) New Tax code , New Tax rate has put every single investors to Large Fund house in an very competitive edge Retail Investors Expectation of rally ahead is cut short by further accumulation of Institutional I view this drop as an opportunity where your investment at best cost is always gives Good revenue This is not an Technical chart , but rather you consider an upcoming event can cause this drop I really wish you all to take benefit of this drop in case you have Sufficient back up Funds if you are already in the stocks put a stop at cost and see what happens Good luck by ShreeKrishna_FUpdated 4410
Nifty is sustainable, buy at 23750 levelz The double bottom followed by a crucial support at 23850 and 24000, will help nifty to get back its momentum and this year we would end up at 24700. Longby melbin111
NIFTY50 - ASCENDING CHANNEL - MONTHLY CHARTNIFTY50 - ASCENDING CHANNEL - MONTHLY CHART. Nifty is currently trading within an ascending channel and remains significantly above the 50 EMA. On the weekly chart, it is forming a double bottom pattern. The recent market decline is attributed to the US Fed's rate cut and hawkish commentary. Based on technical analysis, open interest (OI) data, and market news, there is a likelihood of the Nifty reaching the 23,000 level. *This analysis is based on my personal understanding and for learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing. by SatpalS0
Nifty Correction for today, tomorrow?This is quick analysis only for today and tomorrow (10th and 11th Dec). We are using 15 Mins Time Frame. - Seems on lower Time Frames of 15/5 Mins, we have Nifty going through Distribution zone and in complex corrections as per Elliott Wave model - As marked here, we "may" be in middle of small sub c-wave formation on 15 Mins TF. If spot price ditches PDL (Previous Day Low) and also then sub a-wave downside, then we are in good confirmation that market is going downside to complete sub c-wave today/tomorrow. It has to surpass 24550-24500 though - If it goes down, we may have a small demand zone at 24400-24350 (marked in chart as green zone) where price may either consolidate and go upwards or distribute and try to go downside. In short, this will be our checkpoint of next steps after the downside view executionShortby champvimalUpdated 0
Nifty Downtrending Channel Trade Setup!Nifty face strong resistance near downtrending channel resistance line ~ 24600, 24650 and strong supoort near ~ 24360. If nifty break ~ 24360 level, Deploy fresh short position with stop ~ 24450, 24500 for target ~ 24000, 23900. Time frame - (Positional)Shortby diceytradeUpdated 2
NIFTY Levels for December 19, 2024NIFTY 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. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas. by RainingMoneywithTech1
#Nifty directions and levels for December 19th.Good morning, friends! 🌞 Here are the market directions and levels for December 19th. Market Overview: After the Fed rate cut, the Dow Jones fell drastically and ended with a negative change of 2.5%. This also affected the Nifty. Therefore, today the market may open with a significant gap-down, indicating that the Nifty is expected to start 330 points lower. The global sentiment suggests there is a bearish bias. If you look at the charts from a broader perspective, the Nifty is showing a negative trend, while the Bank Nifty appears to be range-bound. Thus, both indices are displaying slightly different biases. However, my expectation is that, even though the Bank Nifty has a range-bound structure, it could reach a minimum correction of 78% in the minor swing. More or less, the current trend indicates a negative outlook. If the gap-down sustains today, we can expect a continuation of the correction with some consolidation. A reversal could be considered if there is a breakout at the EMA 20 or the 38% Fibonacci level in the minor swing. Until these factors occur, the trend could remain bearish. Additionally, I checked the volume profile and EMA 200 for long-term trend projections. Both the Nifty and Bank Nifty have yet to break the EMA 200, which means the higher degree trend is still bullish until it breaks that level. However, the volume profile is showing initial indications of a reversal in the Nifty, while the Bank Nifty has not yet shown this because the 51,500 level (in futures contracts) is providing good support based on the volume profile. Conclusion: There is no clear direction yet from the combination of the Nifty and Bank Nifty charts. Therefore, we should approach this correction as a minor trend only.by Manickamtraders1
Nifty : Resuming Downtrend (Very Likely)After a pullback from 23300 to 24780. I think Nifty is resuming previous downtrend If Nifty Breaks Shoulder level 23900 of Inverse Head n Shoulder pattern then a very strong downtrend will resume. Failure of Head n Shoulder pattern is very decisive n result is very big in either ways. If Nifty goes above 24700 (very unlikely) then 25403, 26586 stoploss 24150 If nifty goes below 23900 then 22643, 21524 stoploss 24785 Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.Shortby maneeshaggarwalUpdated 2
Nifty 19-12-2024 ExpiryUS market beaten badly due to interest decision. Expecting volatility today. Follow deviation and return to mean strategy. Don’t hold too far off from Sd1 greens or reds. Expecting market to open below 24000 with a possibility to one spike reverse before fall. Shortby ajayekka0020
Nifty 19-12-2024 ExpiryUS market beaten badly due to interest decision. Expecting volatility today. Follow deviation and return to mean strategy. Don’t hold too far off from Sd1 greens or reds. Expecting market to open below 24000 with a possibility to one spike reverse before fall. Shortby ajayekka0020
Nifty Analysis Thursday Nifty Opening Today Gap Down Showing Level In Chart Where Buying Zoneby gujju_forex1