nifty 17/21 may possible resistancecmp 22461 resistance zone 22500-22600 book your longs here. with extended weekend upside capped. note : just a educational opinion and not a trading idea.by radHE_Capstone0
NIFTY VIEW 17.05.2024Nifty Forming BOX at 22400 Level, Both CE & PE Have tug of war in OI, Waiting for the Breakout Either Side.by vijayjemi0
Nifty Continue To See Selling PressureNifty break trendline support which placed on ~ 22650. Nifty sell positionally near - 22580, 22600 if open gap up, with stop ~ 22670, for target ~ 21700. Time frame 5-6 day's.Shortby diceytradeUpdated 2
Nifty & Bank Nifty Analysis For 17 May 2024In this video, we'll discuss about Yesterday's Market Movement and Today's Analysis 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 06:23by TheStockMantra1
#Nifty directions and levels for May 17th.Good morning, friends! 🌺🍬 Here are the directions for May 17th: There have been no changes in the global and local markets. The global market is indicating a bullish sentiment based on the Dow Jones, while our local market sentiment suggests a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +20 points. Nifty has moved through four larger swings, which structurally indicates a range market. However, it closed above the range. giftnifty indicating gap-up start, so If the market sustains the gap-up sentiment, we can expect a rally continuation with minor consolidation. This is our first scenario. This means that if the market opens above the supply zone or breaks it with a solid green candle, then the rally is likely to continue. Alternatively, if the market faces rejection around the immediate resistance zone, it may retrace by a minimum of 23 to 38%. This is a trend continuation retracement level. If the market finds support after the retracement around 23 or 38%, we can expect the range market to continue its rally. On the other hand, if the correction breaks the retracement level of 38%, then the market will enter a correction phase, and we can expect the next target to be a minimum of 61 to 78%. This looks similar to the previous day's sentiment.by Manickamtraders5
Nifty Support & Resistance Levels for 17.05.2024Nifty found support in the demand zone between 22132 and 22071, dipping to a low of 22054.55 before bouncing back nearly 400 points to enter the supply zone at 22409 to 22589. As Nifty currently sits at the 50% retracement level of its recent 1000-point fall (from 22794 to 21821), it will be interesting to see how it reacts from these levels. The nearest resistance remains the same at 22409 to 22589, while the nearest support zone is now identified between 22060 and 22142. Additionally, a farther support zone is observed between 21922 and 22041.by PriteshPal1
NIFTY Levels for May 17, 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 RainingMoneywithTech3
Nifty : Levels To WatchNifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 17-5-24 Our stoploss was hit Yesterday’s Price movement was a Roller Coaster and surprise. But Nifty has to hold 22300 for more than 2-3 days for uptrend continuity. Gap UP/Down Opening : If high of First Hour is not broken then put stoploss there for all short positions. If Low of First Hour is not broken then put stoploss there for all Long positions. For New position : for Upside : Buy Nifty above 22447 Stoploss 22361 it may touch 22474---22517---22586---22699---22768---22881 for Downside : Sell Nifty below 22361 Stoploss 22447 it may touch 22334---22291---22222---22109---22040---21937 Stoploss 22310 for All LONG Positions For Short term Trend Stoploss 22000 for All LONG Positions For Mid term Trend Stoploss 21710 for All LONG Positions For Long term Trend All above levels are of Nifty Spot. 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. by maneeshaggarwal0
Nifty Spot Chart Technical Analysis for 17 May, 2024📈 Nifty Spot Technical Chart Analysis: Intraday Levels for 17/05/2024: 📊 Range Point: 22404 📉 Day Range: 378 💰 Buy Above: 22288 💼 Average At: 22243 🎯 Buy Target 1: 22637 🎯 Buy Target 2: 22782 🛑 Buyer Stoploss: 22162 💰 Sell Below: 22199 💼 Sell Target 1: 22170 💼 Sell Target 2: 22026 🛑 Seller Stoploss: 22325 Don't forget to reciprocate your love by sharing, boosting to keep me motivated and keep following for latest update on your favorite index, stock or commodity. #nifty50 #Nifty #options #optionbuying #optiontrading #OptionsTrading #trade #tradingby NumroTrader1
16 May 2024–Stance upgraded to Bullish, Crazy 377pts intraday⬆️Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: "The good thing for the bulls was the fall ended at 10.27, for the remainder of the day we went into a small range bound trade. The final close was flat at -0.08%." We started today right at the resistance level of 22295 and then started falling. We went below yesterday's low and took interim support at 22119 levels. From there the bounce took us to 22295 again by 12.19 and this time the rejection was stronger and it ensured we fell to the next support level of 22051. What happened then was totally unbelievable, right at that level the rejection ensured we were retracing 377pts ~ 1.71% in 1 hour. Just crazy, unbelievable price action - normally we see that during news/event flows. 13 consecutive green candles, 15 out of 16 candles in green - just magical statistics. On the 63mts TF, just look at the size of the 63mts candle - simply wow. Our stance is now bullish with the next target being 22519. If we are falling, we need to go below 22295 for a neutral stance and 22051 for a bearish outlook. The algos were in deep loss today, courtesy of the fast & furious moves in the last 90mts. The forward test algo shows a profit of 2475, but the actual execution was in deep red due to slippages.Longby viswaram3
Complex 4th wave correction in Nifty.Complete session of yesterday and Baring one hour of today's session was consumed by the complex 4 th wave correction of nifty. 4 th wave correction is deeper here 61,8 percent of 3 rd wave. when ever we get simpler 2 nd wave the 4 th wave becomes a headache. today after completion of Y we were expecting a rise but it gave away to Z and at last we could see 5 th wave. we can get a pull back only after completion of 5 th wave. we are still in 5 th wave and it has already exceeded its normal size. let us see to what level it leads. Like this post if it helps you. folloe me to get updates. by bijoy2526118
Nifty Intraday Trade Setup | 17th MayNifty opened with a gap-up and we saw a roller coaster session as per the expectations. Nifty made a morning high around 22340, made a low near 22100, came towards morning high and again we saw a fall towards 22050 levels. Last one hour rally was completely beyond expectations which took Nifty from 22050 zones to 22430. For tomorrow, we are not looking for a buy at higher levels and will see sell on rise opportunity in morning session. If Nifty sustains below 22300, we may see 22260 and below. On the other side if Nifty breaks 22430 and sustains above this level, we expect to see further rally towards 22470 and above marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 22430 Sell Below - 22300 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India by InvestPro_India1111
go shortsupply zone at 22450, target 19875, sl 22834(sl is not always a price), target puts of 22850, and 22450both of these levels will break, go for the expiry of june end or july mid, clear trendline break and big bold red weekly candle, which broke the low of last 2 weeks low, target is about 2500 pointsShortby DANDRIYALUpdated 222
Nifty we get good profit in 2 day's sell side now buy on dipOn 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 JaiPrakashShuklaHarmonicTrader1
Nifty of Radar - 16 MayToday we have a Breakout of Both bands and the Resistance of 22300. Also RSI>50 indicates start of an uptrend. But today's move is not tradable due to expiry volatility. So, I wait for another candle to confirm the trend direction. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.by ssvirdi2
Nifty showed Expiry Day momentum towards the end of session Nifty remained extreme volatile throughout the session after opening on a positive note today The INDIA VIX today made the High around 21 A Small body Bullish candle is formed on daily chart with long lower wick. The imp upside hurdle is placed around 22500 whereas downside support is around 22200 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility during the last phase of elections Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups Longby Himanu_HATradeTalk10
Nifty trades and targets - 17/5/24Hello Everyone. The market was in a bearish/bullish mode today. If you have made good profit today then its better not to trade as ,most of us lose more than what we earned after a good profit. There is good resistance zone so wait for it to break with 15 minutes candle to go for CE trades. If it opens gap up then we need to see reversal trade till the previous high or close whichever is higher as 1st target. If it opens gap down then look for CE trades till previous day low or close which ever is lower. The premiums will be high so premium eating will happen fast so maintain strict SL. 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. If you have any doubts connect me on Xby GOPISRI4
NIFTY DAILY - 16/5/2024Nifty opens with positive note but bears took the market to low of the day which is 22054 with almost -160 points, into last one hour’s bulls were trying to stretch their arms and took nifty to high of the day which is 22432 level with almost up by 203 points (+0.92%). Nifty has formed bullish candle with long lower shadow which indicates participants were buying from day lower level. Currently RSI is around 53. Nifty has broken the resistance of 22273 and able to hold above 22400 so next resistance can be 22556 level with support of 22286 level. Bank Nifty levels Support – 47305 Resistance – 48110 Today’s Advance Decline ratio of NIFTY50 Advance - 38 Decline - 12 FII Sell – 776.49 crores DII Buy + 2127.81 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_233
NIFTY 50 Levels For 17/05/2024 Santu Saha**Analyzing Nifty 50 Index Levels for May 17, 2024** *Based on the provided levels and market conditions, let's delve into the potential support and resistance levels for Nifty 50 on May 17, 2024, to aid traders in their decision-making process.* ### Support Levels: 1. **Primary Support Zone:** 22350 to 22300 (Conditional) - If the market opens with a gap up above 22350, this range may act as the primary support zone. Traders should monitor price action around this area for potential bullish momentum continuation. 2. **Secondary Support Level:** 22200 - In the event of a breakdown below the initial support zone, 22200 could serve as a secondary support level, providing a buffer against further downside movements. ### Resistance Levels: 1. **Primary Resistance Level:** 22514 - If the market opens below 22500, 22514 could serve as the first resistance level. A breach above this level may indicate potential upside movement in Nifty 50, similar to the recent market dynamics. --- **Key Observations:** - **Support Dynamics:** The identified support levels provide reference points for potential bullish movements. Traders should closely monitor price action around these levels, especially in the event of a gap-up opening. - **Resistance Considerations:** Resistance is anticipated at 22514 if the market opens below 22500. Traders should watch for potential breakout opportunities above this level for further upside momentum. --- **Trading Strategy:** - **Long Positions:** Consider initiating long positions cautiously if Nifty 50 holds above the identified support levels, with confirmation of bullish momentum. A breakout above the resistance level of 22514 could offer favorable opportunities for long trades. - **Short Positions:** Traders looking to enter short positions may observe the market's behavior around the resistance level. If Nifty 50 fails to break above 22514, shorting opportunities may arise, with targets set around the support levels mentioned. --- **Conclusion:** As traders gear up for May 17, 2024, understanding key support and resistance levels is crucial for effective trading strategies in Nifty 50. Monitoring price action around these levels and staying adaptable to market dynamics will be essential for navigating potential fluctuations and achieving successful trading outcomes. *Disclaimer: The above analysis is for informational purposes only and should not be considered as financial advice. Traders should conduct their own research and consult with a financial advisor before making any investment decisions.* Longby santubittu0
IDEA FOR NIFTY 50The market is performing very well and IV is also very good. Soon we will see new high if the market does not break its support 21820 We are moving in a channel, making higher lows. current time support 22160 every dip to buy opportunity this is my view only please trade your own risk and analysisLongby vj_Sharma2
Nifty Intraday Analysis for 17th May 2024NSE:NIFTY Highest Call writing of 30.88 Lakh at 22500 Strike followed by 23.39 Lakh at 22900 Strike and 21.82 Lakh at 22800 strike. Maximum Put writing of 31.22 Lakh at 22000 Strike followed by 26.87 Lakh at 22200 strike and 20.59 Lakh at 22300 Strike. Index closed near 22400 level. Index has resistance near 22500 level and if index crosses and sustain above 22550 then index may reach near 22750 level. Index has strong support near 22300 - 22250 level and if this support of 22225 support is broken then index may reach near 22050 level. by RKMAURYA2
Nifty Intraday Analysis for 16th May 2024NSE:NIFTY Highest Call writing of 103.67 Lakh at 22500 Strike followed by 76.09 Lakh at 22300 Strike and 65.90 Lakh at 22400 strike. Maximum Put writing of 71.02 Lakh at 22000 Strike followed by 57.26 Lakh at 22200 strike and 46.26 Lakh at 22100 Strike. Index closed near 22200 level. Index has resistance near 22300 level and if index crosses and sustain above 22300 then index may reach near 22450 level. Index has strong support near 22050 level and if this support of 22000 support is broken then index may reach near 21950 level. by RKMAURYAUpdated 1
NIFTY Intraday Trade Setup For 17 May 2024NIFTY Intraday Trade Setup For 17 May 2024 Bullish-Above 22450 Invalid-Below 22400 T- 22675 N-ATH Bearish- Below 22240 Invalid-Above 22290 T- 22050 21800 NIFTY has closed on a bold bullish note with 0.92% gain today. It was moving randomly but last leg move established and closed on a bold bullish note. Index has formed a long wick rejection candle like 13 May. So will simply trade the current trend and sentiment in power. Above today's high on a flat opening we will get get the best trade. Look like Index is all set for a fresh ATH. 22240 will act as a support zone but below this will short. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22675. For selling we need a 15 Min candle close below 22240. T- 22050. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.by Omahto12