Nifty further down move possible.I have already posted about todyas fall beforehand. Now if today's low is broken the next target for NIFTY will be 23651.Shortby theprofityogi0
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 04 NOV 202405 NOV 2024 WORLD MARKETS 1.All the markets are consolidating with a positive bias. This is because of the presidential elections. 2. we may see more volatility till the election completes. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is extremely high. This indicate more bearishness to stay. 2. GIFT NIFTY is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK has support at 1700.Any break of 1700 is bearish. 2. ICICI Bank has resistance at 1285. Support at 1270. 3. Reliance has support at 1285. Resistance at 3126. TRADING PLAN 1. NIFTY OPEN BETWEEN 24155 - 23858: No Trade. 2. NIFTY OPEN ABOVE 24155: Sell any rally to 24200. 3. NIFTY OPEN BELOW 23860: Sell any rally to 23900. 4. BANK NIFTY OPEN BETWEEN 51400 - 51050: NO TRADE. 5. BANK NIFTY OPEN ABOVE 51400 : Sell any rally to 51500. 6. BANK NIFTY OPEN BELOW 51050: Sell any rally to 51300. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.Shortby sam200519680
VIEW ON NIFTYBuy zone: 23600-23800 Target 23850/23900/23950/24000/24050/24150 Stop loss 23500 Sell zone: 24200-24100 Target 24050/24000/23950/23900/23800/23700 Stop loss 24300 I am just representing my views For educational purpose only.by dakshb38390
Nifty levels - Nov 05, 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 sacxe2
Nifty 50 spot 23851 by Daily Chart view*Nifty 50 spot 23851 by Daily Chart view* - 24750 to 24875 Resistance Zone - Support Zone is seen nearest at 23200 to 23350 - 24050 to 24175 now seems becoming Resistance Zone earlier Support Zone - Nifty 50 Index traversed the Bullish Rising Price Channel till end of Sept 2024. Now in a Bearish Falling Price Channel, Support Zone 24050 to 24175 might seemingly act as Resistance Zoneby PIYUSHCHAVDA0
Pre Market analysis - NIFTY 50- 4th nov 24Market Analysis NIFTY 50- 4 NOV 24 - NIFTY opening 24315 , immediate near Support - 24324 -Pivot (also to watch out for resistance at this level , other support 24250 (liquidity for DIp) & 24180 RESISTANCE- should sustain 24380 for bullish structure #NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketviewby ashit_k0
Nifty Trading Strategy: 4th November 2024Nifty Trading Strategy: Buy Above 24,360 / Sell Below 24,150 Current Price: 24,305.00 Key Levels: Buy Signal: If the price closes above 24,360 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,150 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 24,305.00, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely. Recommendations: Buy: If the price sustains above 24,360 on the one-hour candle close, consider entering long positions with targets at 24,500 and 24,600. Sell: If the price breaks below 24,150 on the one-hour candle close, consider short positions with targets at 24,000 and 23,900. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.by ramkkyy0
Nifty50 04-11-2024Nifty is on a strong support zone & rebound expected post US elections. Also where there is improvement in earnings the stock may pull the levers up. If the majority of earnings show weakness in trend market may slide further to next level in Fibonacci i.e. 23546 or below. Shortby ajayekka0020
NIFTY TO HIT NEW HIGH BETWEEN OCT-DEC 2025seeking a pattern repeat similar to a previous pattern, present trend may consolidate for 8-11 months till the channel gets broken , to breach new all time high of 26277 It will be consolidating phase , overvalued stocks will be squeezed and prices being get adjusted to be fair priced. So please stick with good value stocks , and stay away from euphoria henceforth Dont get allured by fancy quotes Do your own analysis before stepping in Happy investing by dinesh1234567890
Nifty trades and targets for - 4/11/24Hello 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 Intraday Support & Resistance Levels for 04.11.2024On Friday, Nifty opened with a gap up, landing in the 15m Supply Zone, hitting a high of 24,368.25 before dropping to a low of 24,280.20. It closed at 24,304.35, gaining 99 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support (15m): 24,073.90 - 24,099.10 Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support (Daily): 23,350 - 23,667.10 Supply/Resistance Zones Near Supply/Resistance (5m): 24,463.10 - 24,498.20 Near Supply/Resistance (15m): 24,522.25 - 24,583.50 Near Supply/Resistance (75m): 24,636.75 - 24,741.45 Near Supply/Resistance (Daily): 24,664.95 - 24,978.30by PriteshPal1
04Nov2024 - NIFTY Predictions (Next Trading Day)1. Which Index Chart is there, date, and Time Frames? Index: Nifty 50 Index Date: November 03, 2024 Time Frames: Daily (1D) Weekly (1W) Monthly (1M) 15-Minute (15M) 2. What support and resistance levels are expected for the next trading day? From the analysis of the daily and weekly charts: Support Levels: Daily: 24,200.00 Weekly: 24,134.90 Resistance Levels: Daily: 24,368.25 Weekly: 24,498.20 3. What will be the scenario for the next trading day? Based on observed trends, price changes, and levels of support/resistance, here's a probable scenarios for market conditions: Market Gap Slight Gap Up Opening Expected to open above the previous close of 24,304.35 Overall Market Direction Bullish Additional Comments Likely to test the resistance level at 24,368.25; could be range-bound if not breached 4. As an options buyer, which strategies or strikes would be most effective? For the upcoming trading day, consider the following strikes based on the analysis of resistance and support levels: Target Strike Price : Near 24,350 (closer to resistance) Suggested Strategies: Buy Call Options : 24,300 and 24,350 Strikes Sell Put Options: 24,200 as a hedge 5a. Calendar Spread Strategy For Calendar Spreads: Ideal Strikes: Daily options: 24,300 (Near ATM) Weekly options: 24,200 (Near ITM) Monthly options: 24,300 (Near ATM) 5b. Daily, Weekly, and Monthly Trends Daily Bullish Weekly Bullish Monthly Bullish 6. Is it Quick Profitable to Trade in ATM, ITM, or OTM? Here's a suggestion based on the current analysis: ATM Trade Open to close on Nov 03 ITM Trade Open to before reaching resistance OTM Don't Trade Avoid during high volatility Additional Consideration Avoid Trading on High Volatility Days to minimize risk, especially if nearing resistance levels that may trigger reversals. Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.by JayeshBoradia1
NIFTY- Intraday Levels - 4th November 2024If NIFTY sustain above 24310 then above this bullish then 24364 to 24384 above this more bullish then 24473 to 24493 then 24511 to 24528 if day closing above this the we can consider positional bullish view same was added as comment on my 29th Oct idea .. If NIFTY sustain below 24282 then 24275 to 24255 below this bearish then 24166 to 24146 below this more bearish My view (for your study and analysis only, also conside my analysis could be wrong and to safegaurd the trade risk management is must ) is sell on rise. Possible of positive opening but selling may come from good resistance. The view may change in second half of the market as muhurat trading closing is relatively good. Consider some buffer points in above 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 PrashantTaralkar220
Nifty Support&Resistance Levels for Monday Nov 4th Nifty Bias:- Bearish Nifty still in sell on rise mode until it sustains above 24400 area for day or two to confirm that it found a base. Immeadiate Support is 24275 area. Immeadiate Resistance is 24385 area. For intraday on Monday to trade levels are. If Price sustains above 24385 Long for the targets of 24425,24450,24500,24550,24600. If price sustains below 24275 Short for targets of 24225,24200,24175,24150. Reversal Areas are 24385 to 24400 to short there with chart pattern and (24275 to 24300) and (24175-24200) to long there check price action on those levels to play reversals.by rakeshreddym0
Something say the picture.....My personal view is that, according to my S&R chart, if Break MKT can move either side...by MURUT1
Nifty Muhurat Trading Support & Resistance Levels for 01.11.2024✨ Happy Diwali and Prosperous Muhurat Trading! ✨ On Thursday, Nifty opened almost flat but faced selling pressure, hitting a low of 24,172.60 before closing at 24,205.35, down by 135 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is Negative. Larger time frame demand and supply zones (75m, Daily, Weekly) remain the same as previously noted. Small Time-Frame Demand/Support Zones Near Demand/Support (15m): 24,073.90 - 24,099.10 Small Time-Frame Supply/Resistance Zones Near Supply/Resistance (15m): 24,328.00 - 24,372.45 Near Supply/Resistance (5m): 24,463.10 - 24,498.20 Near Supply/Resistance (15m): 24,522.25 - 24,583.50 Larger Time-Frame Demand/Support Zones Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support (Daily): 23,350 - 23,667.10 Larger Time-Frame Supply/Resistance Zones Near Supply/Resistance (75m): 24,636.75 - 24,741.45 Near Supply/Resistance (Daily): 24,664.95 - 24,978.30 Wishing you all a profitable Muhurat session and a bright Diwali ahead! 🪔📈by PriteshPal1
Nifty for muhurat Trading 01.11.2024Nifty 50 Analysis: Buy Above 24,360 / Sell Below 24,150 Current Price: 24,206.00 Support Levels: 24,100, 24,000 Resistance Levels: 24,500, 24,600 Key Points: The Nifty 50 index is currently consolidating within a range of 24,100 to 24,500. A decisive breakout above 24,500 could signal further bullish momentum, potentially driving the index towards 24,600 and beyond. Conversely, if the index falls below 24,150, it may indicate a bearish trend, with potential targets at 24,000 and lower. Recommendations: Buy: If the Nifty 50 index sustains above 24,360, consider entering long positions with targets at 24,440, 24,600 and 24,740. Sell: If the index breaks below 24,150, consider short positions with targets at 24,000 and 23,900. by ramkkyy0
Nifty levels for Diwali Muhurat tradingPlease check the levels on chart. Porbebly levels may work for Diwali Muhurat trading and also for 4th November Consider some buffer points in above 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 01 NOVE 202401 Nov 2024 WORLD MARKETS 1. All the world indices have turned bearish. US indices are down by 1.5 % - 2%. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 15 indicating bearish tone to continue. 2. GIFT Nifty is indicating 100 points down at 24100 levels. This amount to 51200 levels for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has support at 1715. It is bullish. 2. ICICI Bank has turned negative for the short term. It has support at 1279. It has resistance at 1304. We may see it covering the gap at 1260. 3. Reliance is still consolidating between 1350 - 1300. TRADING PLAN 1. NIFTY OPEN BETWEEN 24260 - 24150 : No Trade. 2.NIFTY OPEN ABOVE 24260: Sell any rally to 24300. 3. NIFTY OPEN BELOW 24150: Sell any rally to 24200. 4. BANK NIFTY OPEN 51286 - 51663: NO TRADE. 5. BANK NIFTY OPEN ABOVE 51663: Wait for a consolidation and break above 51850. 6. BANK NIFTY OPEN BELOW 51286 : Sell any rally to 51500 and break below 51400. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.Shortby sam200519683
01Nov2024 - NIFTY - Predictions (Next Trading Day)1. Index Chart Details: Index: Nifty 50 Index Date: October 31, 2024 Time Frames: 1 Day (1D) 1 Week (1W) 1 Month (1M) 2. Support and Resistance Levels From the detailed extracted information regarding the daily chart: Support Levels: 24,000.00 23,750.00 23,500.00 Resistance Levels: 24,372.45 24,500.00 24,700.00 3. Market Scenario Prediction Based on the patterns observed in the charts, here is a prediction for the market scenario for the next trading day: Market Opening Flat to slight gap down Market is likely to open around 24,206.35 Market Trend Bullish initially , then range-bound Will start bullish but possibly level off 4. Options Strategies Considering the analysis of the current trend, here are suggested strike prices for options trading: Buy Call Options: Strike at 24,205, as it is near the current close and has a likelihood of moving upward. Put Options : If the market starts to show weakness, watch for opportunities at 24,000 support. 5. Calendar Spread Strategy 5a. Calendar Spread Strikes: Daily Chart: Buy Option at 24,205 (short-term move) Weekly Chart: Buy Option at 24,205 Monthly Chart: Buy Option at 24,000 for a hedge 5b. Trends: Daily Slightly Bearish Weekly Neutral Monthly Bullish 6. Trading Advice on ATM, ITM, or OTM Options In terms of trading options based on market behavior: ATM Trade During market opening, if bullish ITM Don't Trade Unless closing near support level OTM Better Not to Trade Expected to remain stagnant Conclusion This analysis provides specific insights based on the chart reading for the Nifty 50 Index. Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.by JayeshBoradia2
H&S pattern in Nifty_Nifty looking weakThe Head and Shoulder pattern made in Nifty and target is approx 1000 points down. Vix is also increased to support it.Shortby bkpanchal1
Nifty levels - Oct 31, 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 sacxe112
Nifty intraday levels for 31st Oct 2024 Please check the levels on chart.. Monthly expiry days so market may be volatile.. please trade carefully. Consider some buffer points in 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 PrashantTaralkar110