Nifty50This is educational purpose only, consisting of Stock market views based on price action, Elliott Wave & Fibonacci. Views expressed here are not for investors/traders. Do your own due diligence before investing/tradingLongby Sujal_Shah261
Nifty50 (16th May) 3/3Next hourly closing above 22164 then shortcovering could be possible 📈 📈 to above levels marked on the chart If hourly closing below 22164 then 📉 📉 ( 22093 pending level ) 22093 imp support below that any hourly closing will be 🥶 📉 📉 Disclaimers: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.by KilopapaUpdated 1
Mighty Nifty - May 16Price was unable to sustain above 22300 zone and consolidated in the afternoon session. And the support zone is having a very big range. Pattern : Support/resistance. Range : Medium. Trend strength : Normal. Buy Above : 22200. Stop Loss : 22160. Targets : 22240, 22280, 22320 and 22360. Sell below : 22120. Stop Loss : 22160. Targets : 22080, 22040 and 22000. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.by vanathiUpdated 2228
Nifty levels - May 17, 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 Trend direction Nifty 22217 - Has passed resistance zone 22144-22184. So this zone will be act as support and now Resistance at 22320. Call and PUT writing could be seen at 22500 and FII were net sellers suggests some pull down in Nifty to support zone to shakeout retailers.by subraviUpdated 2
NIFTY VIEWNIFTY As nifty is moving in up trend in longer time frame So we looked for buy setup In 15 min there was a FVG near demand and price took support at it. Price reversed from that point. Move was quick. So the price can move towards the price 22700 If price reaches the target then we will achieve 1:3 RR. Trade according to your risk management.Longby BK27110
Nifty Ready for big Expiry ?NIfty today opened high then got immeadiate sell off from top and consolidated whole day in tight range tommorow could be a big trending expecting in my view.Nifty struck in triangle which everside breakout happens and sustains can give good moves. Resistance : 22250 above long tagets of 22300,22360,22400,22420. Support: 22160 below short targets of 22100,22050,21950,21900. Mentioned Support&Resistance and Targets can act as reversal points also please check price action on those levels. by rakeshreddymUpdated 225
NIFTY VIEWTook NIFTY sell trade @22260 SL- 22335 Target - 21970 First Target already reached which is 1:2 rr Second Target is 1:4 RR 🤗 Let's see 🤗Shortby BK27110
Nifty50 (16th May ) 2/3Hourly closing above 22160 then 📈 📈 to 22245 and beyond marked Closing below 22160 in hourly candle 🕯 then 📉 📉 22091 ( 22091 Imp support ) Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.by KilopapaUpdated 1
Nifty50 (16th May) 1/3Hourly closing below 22246 then 📉 📉 could test 22156 22156 could be a reversal level for upside 📈 📈 Closing in hourly above 22246 then 📈 to above target If any hourly closing sustains above 22320 then bullish 📈 📈 to 22438 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.by KilopapaUpdated 1
TWO BUY POSSIBILITY ON NIFITYIn my opinion, I am looking to buy , which is a strong DEMAND ZONE and NIFITY create all time high and break the previous structure. It is not advisable to enter without confirmation from a lower TF.Longby Knickk0
NIFTY Prediction for today 16 May 24Nifty has already given the breakout. right now it's in the consolidation phase of WAVE 1. If we look at the chart now: Market is in sideways zone in range: 22098-22293 Important Levels: Support zones: 21811 , 21944, 22098 Resistance: 22544, 22763 If we look at OI data: PCR = 0.73, shows neutral structure. as it's expiry market is highly probable to end sideways in the provided range. if we got the momentum it is likely to be bullish. 22200 is going to provide maxPain. If we look the FII and DII data it is more of indecisive. Verdict: Sideways in range Bullish if breaks the range 22293 to upside. Longby finnova_4
#NIFTY Intraday Support and Resistance Levels -16/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22230 level and then possible upside rally up to 22350 level in today's session. in case nifty trades below 22200 level then the downside target can go up to the 22080 level. by TradZoo4
NIFTY Levels for May 16, 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 RainingMoneywithTech2
Nifty Support & Resistance Levels for 16.05.2024Nifty reacted from the 75-minute supply zone highlighted in the previous post, reaching a low of 22151.75 before closing above the 22200 mark. The nearest support zone is identified between 22132 and 22071, with a further support zone extending from 21934 to 21979. On the resistance front, the closest resistance is anticipated between 22409 and 22589.by PriteshPal1
#Nifty directions and levels for May 16th.Good morning, friends! 🌺🍬 Here are the directions for May 16th: 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 gap-up start, as suggested by GiftNifty, showing an increase of +120 points. Nifty minorly retraced after the gap-up start in the previous trading session. Structurally, we have two options. The first one is the GiftNifty indication of a gap-up start, so if the gap-up sustains and breaks the level of 22337, we can expect further rally continuation. In this scenario, if it forms a solid green candle structure, then we can expect a sharp rally followed by a range breakout. Otherwise, it may go into a diagonal pattern structure (consolidation pattern). Alternatively, if the market rejects around the immediate resistance level, initially we can expect a 23 to 38% minor retracement. If it finds support there, it may undergo some consolidation for rally continuation. This means if it doesn’t break the minor Fibonacci level of 38%, then the market will maintain the bullish bias. on the other hand if it breaks the minor Fibonacci level of 38%. then we can expect a minimum correction of 78% to the next level of 1.27%. Structurally, it could be in a flat variation. After that correction, if the market finds support at the 1.27 extension level, then it may turn into a bullish bias.by Manickamtraders116
15 May 2024–Nifty gets a mild rejection at 22295, stance neutralNifty Analysis - Stance Neutral ➡️ Recap from yesterday: "I am hard-guessing it should be a short covering. The moment we get past 22295, we will be forced to go long." The open was good and we started climbing quickly but at 22295 levels we got our first rejection. Four strong red candles between 09.51 and 10.27 brought N50 down by almost 143 points. If 22295 was breached, we would have changed our stance from neutral to bullish. 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%. On the higher timeframe, we need to take out the resistance pretty quickly otherwise this pullback will start forming a lower high. A lower low, lower high formation is a bearish pattern and that would also mean the next leg of the down move will be more aggressive. At present we prefer to stay neutral till we get more clarity. The algos made a profit of 15750 INR, MTM was into a loss earlier on, but after 11am things started improving.by viswaram2
Nifty view for 16th May 2024Hello there After making low of 21821..good pull back seen.. Currently nifty in range Yesterday also closed at 22200 almost & today too.. It seems 22150 creating support.. All though today high made of 22300 still nifty face rejection from this levels, hence nifty must hold 22260 & above for further upmove.. Thank you 🙏by ajnil872
Nifty for 16/05/2024Nifty is in uptrend channel from last few sessions, now Nifty is taking support of the channel and forming symmetrical triangle pattern too, Nifty was moving in range of 22233-22164 in last session, if tommorow Nifty breaks this range either upside or downside, then we can expect big move. Here are some levels for your information. I am not SEBI registered analyst, this is my personal view only for educational purpose, I am not responsible for any profit or loss.by bornforseain19840
Nifty : Levels To WatchNifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 16-5-24 Nifty has broken a Trend Channel’s Lower Support Line with BIG Price Breakdown and closes below it for the first time after Jan.24. Now this Support Trend Line will become A Very Tough Resistance for any Relief Rally. A Short covering upto 22150-22280 may be seen. Take this opportunity as for cut Long or Initiate Short position nearby this with Stoploss of 22310. 2-3 small green candles may be seen before a big fall. After failed attempt to close above the 22200 for 2-3 days then a big fall will be seen in coming days. In Hourly chart it is showing Lower Highs and Lower Lows. Double TOP formation will confirm when it breaks the level 21775. Then Downtrend will begin for a long time. Sell/Book Profit on every Rise of 6-10% of any stocks with strict stoploss (Which will be given by your financial advisor. Do not trade if you don’t know the stoploss). 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 22239 Stoploss 22161 it may touch 22263---22302---22365---22466---22529---22631 for Downside : Sell Nifty below 22161 Stoploss 22239 it may touch 22137---22098---22035---21934---21871---21769 Stoploss 22310 for All SHORT 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 - Triangle Pattern at 15min ChartNifty is making a Triangle Pattern at 15min chart. As per Price Action there is Probability of touching 22300 on 16may. As per OI data 22200 is a good Support level and 22500 is a Resistance. Inflation news may push it towards 22500. For learning and education purpose only.by SatpalS2
Nifty Intraday Analysis for 15th May 2024NSE:NIFTY Highest Call writing of 63.45 Lakh at 22500 Strike followed by 60.06 Lakh at 22600 Strike and 50.98 Lakh at 22300 strike. Maximum Put writing of 62.24 Lakh at 22000 Strike followed by 50.03 Lakh at 21500 strike and 48.31 Lakh at 22100 Strike. Index closed near 22220 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 0
Nifty on Radar - 15 MayToday we have a red indecisive candle with a high high and a high low. The price is rejected from the resistance level of 22300. Currently we are in a negative trend. I just need another red candle with a breakdown of the previous candle low to enter a swing trade. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.by ssvirdi1