NIFTY 50 CORRECTION If you like then share the link and follow to get more updates on markets.:)02:27by syncinvestments0
NIFTY Intraday Trade Setup For 13 May 2024NIFTY Intraday Trade Setup For 13 May 2024 Bullish-Above 22150 Invalid-Below 22100 T- 22235 Bearish-Below 21930 Invalid-Above 21980 T- 21680 NIFTY has closed on a bearish note last week with 1.87% cut last. Last week we discussed that there is a possibility of short term downside move below 2nd leg Shooting Star's low- 22340. Index triggered the short trade and gave one way move till 21950 without a major pullback. Also index has taken a halt at lower trendline in daily TF. Once again let me discuss the major weekly levels which are 22800 and 21700. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22150 then we will long for the target of 22350. For selling we need a 15 Min candle close below 21930. T- 21680. 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 Omahto4
Nifty analysis - rising wedge bearish patternAccording to rising wedge bearish pattern. Nifty weak if not able to cross the upper trend line. Also up side momentum will be very slow for time being. Below i have stated upper levels with the help of fibo extension But if somehow it breaks the lower trend line. There will be fast moves after breaking the major support which is 22000. Bollinger band middle support is also 22000. It can also bounce from the major trend line support too. Like previously bounced 4th times. Likelihood of this time bounce is rear though. Also this is bit long term view minimum 2-6 weeks. Analysis done in 2h 4h timeframes for bigger picture. Scenario1 Targets (based on fibo extension) L1 22363 L2 22473 L3 22556 L4 22644 L5 22769 L6 22919 Scenario2 (best case) L1 21800 L2 21550 L3 21285 L4 21130 L5 20980 L6 20800 L7 20650 L8 20480 Bonus levels BL9 20280 BL10 20150 BL11 20030 Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. And market can always prove me wrong and i take that rights too. Best way is. Keep the one side view when level breaks then keep booking the profits. Enter again in bounce with proper SL/risk management. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST.ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS,RIGHTS RESERVED.I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.Shortby ashishhcUpdated 1212172
Nifty AnalysisOn weekly Charts there is clear underperformance compared to S&P 500 Relative Strength trendline is broken and lower low formed There is RSI divergence and formation of flag like raising channel Indicators hinting to weakness and thus channel break on downside shall bring meaningful correction Daily Charts MACD shifted to negative there are multiple support zones near 21600, 21000 etc As far as resistance goes its directly at 22795by trendtrader062
NIFTY @ 22000 is very strong supportNifty is holding on to triple bottom support indicating a strong support. actually price should not have come to this support level rather it must have been to 23K But it has fallen due to RBI Draft guideline fears, RBI action on Kotak, rumors about election results along with sell off by FII for un known reasons .... no FII has spoke about selling and leaving India. I am long in Nifty for target of 22750 and 23K so I am coming up bullish view with possible support emerging on 13th. Its FII vs DII. so who sell more on 13th will rule market. only an informed person about FII selling can go short on 13th may. I wish to average and increase my Nifty - CE Buy in May and June monthly contracts with hedging.Longby venkatfx3
Nifty & Bank Nifty Analysis For Next Week 13 May-17 May 2024In 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 10:02by TheStockMantra12
Updated Professional OutLook I have made efforts in Giving explanation in simple manner , I have made efforts in explaining internal structure Hope you will find it easy to understand , Let me know if you have any Questions Thanks 15:41by ShreeKrishna228
NIFTY - MAKE OR BREAK SITUATION!NIFTY is trading in upward channel and is currenly testing the lower trendline on the channel. Zone between 21750, 100 EMA and the lower trendline of the channel should act as a strong support zone. RSI is also showing a divergence right now. If these supports break then price can pull down to next strong support zones marked by 200 EMA, Previous pink trendline as well as if we check the pattern target (all come around 21,000 level. This is not a BUY/SELL recommendation but just an Educational idea to study the price movement in coming week. Learn & Earn, Dr. Tanya Kumarby tanya1511812121495
10 May 2024 - Inability to take out the 22051 resistance - BEARSNifty Analysis - Stance Bearish⬇️ Recap from yesterday: "On the higher timeframe, N50 has made a massive double top, see the black dotted line. If it materializes, it could even be a real shocker to the bulls out there. Just like we discussed this week, if 21913 is getting taken out, the inverse H&S pattern will get negated." Nifty was unable to take out the immediate resistance of 22051 conclusively although we stayed above these levels between 09.47 to 10.47 and then between 11.11 and 11.35. The inability to break out is some validation for the Bears to continue exerting the pressure. On the 63mts TF, the bearishness continues. The next target of 21913 is still in our watchlist and if we fall below that - the real action begins. #Nifty50 algo ended up generating Rs10912 today.Shortby viswaram4
Nifty : Explosive Part 2 - Towards 23000+ 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? ----------------------------------------------------------------------------------------------- May 11, 2024 Overview As an Elliott Wave analyst, I stress the need for having both a main plan (Plan A) and a backup plan (Plan B) when analyzing markets. If Plan A doesn't work, we quickly switch to Plan B. If both plans agree on the market direction, we expect strong results. Recent Market Review In a recent comment over last idea ( Comex Copper = Explosive Nifty : Part 1) with a colleague, Ashok, he mentioned that although the market was strong, a drop was expected soon. To which I confirmed YES on 5th May 2024 & Indeed market unfolded exactly as per our plans - In last week, Nifty Index fell by 400-500 points. Copper and Nifty Correlation Reminder of Previous Analysis: If you missed our last report on how Comex Copper and the Nifty Index move together, remember that these trends greatly affect our predictions. Do read Comex Copper = Explosive Nifty : Part 1 mentioned below Current Market Outlook Key Levels to Watch: - Key Support Level:21,700 - Critical Support Level:21,125 - If the market stays above these levels, we expect a significant rise, potentially pushing the Nifty above 23,000 by the end of May 2024 & early June 2024. Stop losses: Safe Traders Avoid Trading if NIfty Index dips & holds below 22000 level Future Expectations Anticipated Timeline We are particularly focused on what happens around June 4, 2024. This will be a key moment to see if our predictions hold true. Conclusion The agreement between our main and backup plans, along with the market staying above key levels, points to a potential strong rise soon. Have a great week ahead! From WaveTalks AbhishekLongby WaveTalks141449
NEW ATH ON THE CHARTS!The trend on the 1hr tf suggests that the index has shown considerable strenght near the support and is set to reach a new Ath , it is a crucial time to track the markets to capture the big move.Longby dhyanbhatt24250
BREAK OUT EXPECTATIONSAbout to Break the trend line in this expiry before resultLongby dineshpatariya880
Nifity Support&Resistance Levels for 9th May ThursdayGet ready for an exhilarating trading session as the Nifty dances within the range of 22350 to 22200 today! With the market poised for a potential breakout above or below this range, excitement is brewing for potential big moves in either direction. If we witness a breakout, brace yourself for thrilling opportunities and exciting gains. However, if the range holds, patience is key as we await the range extremes to play out - selling near the range high or buying at the range low. Keep your spirits high and your strategies sharp, for tomorrow's Nifty review is set to be a beacon of cheer in the world of finance. Important levels 22350 above and 22200 below .by rakeshreddymUpdated 2
Nifty Intraday Analysis for 10th May 2024NSE:NIFTY Highest Call writing of 40.13 Lakh at 22300 Strike followed by 40.10 Lakh at 22500 Strike and 30.04 Lakh at 22200 strike. Maximum Put writing of 31.36 Lakh at 22000 Strike followed by 29.93 Lakh at 21500 strike and 16.80 Lakh at 21800 Strike. Index closed near 21960 level. Index has strong support near 21840 - 21780 level and if this support is broken then index may reach near 21700 level. Index has resistance near 22100 level and if index crosses and sustain 22100 then index may reach near 22225 level. by RKMAURYAUpdated 2
NIFTY DAILY - 10/5/2024Index opens with positive note and made days high that is 22131 level. Nifty traded between 50 to 100 points choppy session throughout the day. Index is trading at trendline support and below the 50 Day’s Exponential Moving Average Line. Nifty is able to hold 22000 level so, further resistance can be 22156 with support of 21777 level. Bank Nifty levels Support – 47305 Resistance – 47818 Today’s Advance Decline ratio of NIFTY50 Advance - 38 Decline - 12 FII Sell – 2117.50 crores DII Buy + 2709.81 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
Nifty50 Support And Resistance 13-May-24 Please find below simple resistance and support: Resistance: 22093 If crossed up then will see upward move: TGT: 22131 Support: 21984 If crossed down then will see downward move: TGT: 21813 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Chargesby solitaryverma6
Nifty 50 ,Booked huge profit.As i told my followers early about this down trend .Hope so u have booked profits in this 4/5 days . KDo follow and keep suppported.Shortby Traders-community2
Nifty levels - May 13, 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 sacxe2
Nifty Till Now | Key LevelsNifty Till Now | Key Levels Nifty Support level below 21660 is 19966.56 TP3 - 23137 TP4 - 23496 TP5 - 23855 Above TP5 - 25918.30by XDataAnalystUpdated 3
Nifty trend direction Nifty 22475 - Nifty is holding on support 22380. Based on Market indicators we expect Nifty has more possibility to move to 22615,22710 before reversal.by subraviUpdated 3
NIFTY FALL TO 21500❗❗❗❗There is a high chance for nifty to reach 21780 and 21550. If today big fall means it will reach these prices. Orelse it will reach on next week. Learn to analyse by yourself is better for you.Shortby tradbooker2
NIFTY Levels for May 10, 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 RainingMoneywithTech4
#NIFTY Intraday Support and Resistance Levels -10/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22000 level and then possible upside rally up to 22120 level in today's session. in case nifty trades below 21940 level then the downside target can go up to the 21820 level. by TradZoo1