Looks good zone for accumulationI think this area has a good support. If it Nifty50 comes here I will love to buyby jayaditya1981116
Nifty Analysis for the Upcoming Week (Sep 30th to Oct 4th) Nifty Analysis for the Upcoming Week As long as the Nifty remains above the 26,000 mark, the overall structure remains bullish. Should this level be violated, we may see a pullback to the 25,800 area, which is a favorable zone for potential long entries, particularly with confirmation from price action. On the 15-minute chart, the index is currently testing trendline support. If this support breaks, we could see a quick test of immediate support below 26,000. **Immediate Resistance Levels:** - 26,200: A sustained move above this level could target 26,250,26,275 and 26,300. **Immediate Support Levels:** - 26,150: If the index holds above this, we can expect bullish momentum. However, a drop below could lead us to targets of 26,100, 26,050, and potentially down to 26,000.(25800). For any further declines below 25800, it will be essential to reassess market conditions. In this bullish structure, adopting a "buy on dips" strategy or looking for reversal patterns at support areas is advisable. Identify key resistance levels on the chart and wait for rejection signals to engage in trades towards the support zones below. Education Purpose only do you analysis before taking entries. Happy Trading !!!by rakeshreddymUpdated 226
Nifty Levels For Next Week of OCT Nifty Confirm Targets For Intraday Trading Daily Nifty Index chart highlighting key support and resistance levels for trading. Includes trend analysis, pivot points, and potential breakout zones for intraday and swing trading. Last week is Impact of Israel war news on Nifty50 Key levels to watch as global uncertainties influence market direction." Major Support for Nifty 24770 Extension of support is - 24630 Major Resistance for nifty 25450 Extension of Resistance- 25650 and other intraday levels are as per charts , If any queery ask me .by manojshinde271
Nifty levels - Oct 07, 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 sacxe8
NIFTY 50NIFTY at 22,000 is a good opportunity for investors.. But time will test your Patience..by chetanpatil18180
Truth of Market Reading & its Understandings I have highlighted an simple to understand those who practice wave theory This is common mistake people do when they read or listen some methods form others The Nature of impulse has to be sub divided in to 5 wave even in case of Ending sequence or Termination of Market movements I have made efforts in Explaining by price calculations and i have also forecasted about next upcoming sequence This is education content if you like it then click the like and share it with friends Thanks 11:34by ShreeKrishna_F4428
Nifty Intraday Analysis for 04th October 2024NSE:NIFTY Index closed near 25250 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 57.73 Lakh 25500 Strike – 34.92 Lakh 25600 Strike – 34.75 Lakh Put Writing 25000 Strike – 30.62 Lakh 25500 Strike – 22.95 Lakh 25300 Strike – 19.16 Lakh Index has resistance near 25400 – 22500 range and if index crosses and sustains above 26100 level then may reach near 25600 - 25700 range. Index has immediate support near 25100 – 25000 range and if this support is broken then index may tank near 24800 – 24700 range. by RKMAURYAUpdated 0
NIFTY50 -04-10-2024 FRIDAYPre-Open Order Collection NIFTY 50 25,181.90 -68.20 (-0.27 %) Advances - 7 Declines - 38 Unchanged - 5 "SYMBOL CHG %CHNG FINAL LT 17.35 0.5 3,515.00 TCS -7.75 -0.18 4,225.00 BHARTIARTL -3.4 -0.2 1,670.05 INFY -3.85 -0.2 1,889.55 RELIANCE -6.1 -0.22 2,807.85 HDFCBANK -7.5 -0.45 1,674.50 ICICIBANK -9.25 -0.74 1,247.10 RESISTANCE: 25200 SUPPORT : 25200 NEUTRAL - TREND. all 5 recovering so stay cautious. Top to bottom approach. Longby ajayekka002Updated 334
Nifty Long Term and Short Tern Analysis for option TradingFollowing a 4% decline, the Nifty has found support at a significant trendline. This technical setup suggests the potential for a substantial upward movement. Given the recent pullback and the current support level, the index may be poised for a strong rebound, potentially offering considerable returns to investors. Longby DragonFly-Trading2
#nifty directions and levels for October 4th."Good morning, friends! 🌞 Here are the market directions and levels for October 4th. Market Overview: The global market is still maintaining a moderately bullish sentiment, while our local market indicates a bearish trend. A gap-down opening is expected today, with SGX Nifty showing a negative move of around -90 points at 8 AM. In the previous session, both Nifty and Bank Nifty continued their corrections. So, what about today? GIFT Nifty is indicating a negative start, suggesting further continuation of the downtrend. However, if you look at the chart, there's an RSI divergence, which could signal a minor reversal. This means we can't hold positions without caution today. Let’s take a look at the charts. Current View: The current view suggests that if the market finds support around the immediate support level, we can expect a bounce back of around 23% to 38% in the minor swing. This is our first scenario. For additional confirmation, you can refer to the 20 EMA Alternate View: The alternate view suggests a breakout trade. If the market breaks or consolidates around the support level, we can take a breakout entry and set the target at the next support level. Since I'm uncertain about the trend continuation, I’ve set the target conservatively at the next support level.by Manickamtraders1126
Nifty intraday levels for 4th Oct 2024 Levels marked on chart are self explanatory. (sorry-due to lack of time, not adding my views) Consider some buffer points levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.by PrashantTaralkar0
NIFTY Levels for October 4, 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
TradePlan #Nifty 50 4th Oct 2024First Step of a successful trader is to build a Trade plan & review what he has done. (education purpose for all ) *Trend is down *Trade plan: Sell on rise *for Critical levels see the video Jai Hind. Disclaimer : This video is only for educational purposes. Please consult your financial advisor before you take any trade. Short01:02by Tradeplannifty0
NIFTY MATHEMATICAL LEVELS FOR THIS WEEKThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose onlyby StocksOptionBlaster4
Nifty - Daily - OI- 25250 is support and resistance -25,082The Nifty 50 chart you've shared along with the Open Interest (OI) analysis highlights key aspects of the market. Here's a breakdown based on the chart: ### **Nifty 50 Index Analysis**: - **Fibonacci Levels**: - The chart shows a Fibonacci retracement with important levels. - **0.236 (25,719.65)**: Nifty recently corrected after hitting resistance around this level. - **0.382 (25,367.50)** and **0.5 (25,082.90)**: These levels represent potential support areas in case the index sees further downside. - The **0.618 (24,798.30)** level could act as stronger support if the correction deepens. - **Volume**: The increase in red bars indicates significant selling pressure, aligning with the recent decline in Nifty. - **Relative Strength Index (RSI)**: The RSI shows a bearish divergence and is sloping downwards from a high point. This suggests weakening momentum in the short term, potentially indicating further correction. ### **Open Interest Analysis**: - **Open Interest (OI) Distribution**: - Call OI at 25,250 indicates resistance around this level. - The highest **Put OI** is seen around 25,250, indicating strong support. - A Put Call Ratio (PCR) of **1.12** suggests more puts than calls, which is a moderately bullish signal for the index, though Nifty has seen a significant drop of **2.12%**. This combination of technical analysis and OI data suggests that while there may be further selling pressure or consolidation around current levels, the 25,250 mark could act as a crucial support level. If this level holds, we may see a rebound in the coming sessions, but breaking below could lead to a deeper correction. Longby VCharts_TA3
High Probability of a NIFTY Correction!I've cloned the previous correction pattern (AB) and aligned it with the current top (C), which I am considering as the top of this bull run. Interestingly, the cloned correction aligns perfectly with key demand zones (highlighted as green boxes) and a trendline that has now converted from resistance to support. Keep an eye on this. Could be an exciting time for Indian investors!by anuragAnand3212
Nifty Is Getting Ready For 27200- No Need To PanicAgain saying there’s no need to panic. Have patience—the market is strong and I’m confident we’ll see it hit 27200 within the next 2-3 months. Stay focused and trust the process.Longby Marketik8
Nifty clear short signal!The Nifty index shows a clear short signal on the monthly charts, while the RSI (Relative Strength Index) is in the overbought zone. Historically, the market corrected by more than 10% whenever the RSI reached this overbought level. This pattern suggests that despite recent upward momentum, a significant correction could be on the horizon based on past market behavior. Combining this with other technical indicators can help confirm whether a deeper market pullback is likely.Longby ali0003515511
Nifty Intraday Support & Resistance Levels for 04.10.2024On Thursday, Nifty faced heavy selling pressure, opening gap down and failing to hold the near daily demand zone. It hit a low of 25,230.30 before closing at 25,250.10, losing a massive 546 points from the previous close. While the Weekly Trend (50 SMA) remains positive, the Daily Trend (50 SMA) has shifted to sideways from positive, indicating potential caution ahead. Demand/Support Zones: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 Near Demand/Support Zone (125 min): 24,941.45 - 25,036.75 Supply/Resistance Zones: Near Supply/Resistance Zone (15 min): 25,368.70 - 25,414.00 Far Supply/Resistance Zone (15 min): 25,500.95 - 25,545.00 Far Supply/Resistance Zone (125 min): 25,743.45 - 25,838.45 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35 Stay cautious, as volatility may continue!by PriteshPal1
Nifty trades and targets for - 4/10/24Hello Everyone. The market was in a bearish mode today. 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
Nifty 25550-25580 until not break sell on rise 24800 possible Nifty until 25550-25590 not break on daily closing basis sell on rise 24780-24800 fall possible , Some bounce possible from current price then again selling start and go to 24780-24800Shortby JaiPrakashShuklaHarmonicTrader114
ATH possible?Nifty may take stoploss of all the bears before dropping down Buy nifty 25000 target 26500Longby gocovidgo3