Nifty 15min 23/24 November 23/24 November nifty analysis
Strong resistance 19900
Trendline support 19700
Nifty50
Nifty bullishNIFTY gives breakout on weekly time frame, it's shows bullish momentum on bigger time frame. nifty is buy on dip till its above the 10 week moving average.
Nifty Facing Trend line Resistance but looking strong Nifty is facing trendline resistance zone between 19830 and 19875. Nifty today made a high of 19829 and closed blow 19800 at 19783. Looks like tomorrow again Nifty will try to close above the 19875. If it does we can see further rally till 19992 and 20100+ levels. However crossing this hurdle is little tough. It can become easy if Nifty opens gap up above the trendline resistance. If Nifty fails to cross the resistance the supports at lower level will be at 19751, 19667, 19584 and finally 19498. But overall scenario still remains positive despite the resistance.
NIFTY INTRADAY LEVELS FOR 21/11/2023BUY ABOVE - 19720
SL - 19780
TARGETS - 19750,19780,19810
SELL BELOW - 19670
SL - 19710
TARGETS - 19640,19610,19580
NO TRADE ZONE - 19670 to 19720
Previous Day High - 19750
Previous Day Low - 19670
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
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Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
Nifty in the support zone.Nifty right now is in a zone where it has multiple supports taking any of which it can start climbing again. The major support zone from the current level is 19667 to 19584. Below 19584 the major support for Nifty will be 50 days EMA (Mother Line) near 19487. Resistances on the upper side for spot nifty are near 19766, 19810, 19873 and 19992. Above 19992 Nifty can rise to 20051, 20116 and finally previous peak of 20222. So it might be a range bound few days till election results are announced.
NIFTY INTRADAY LEVELS FOR 20/11/2023BUY ABOVE - 19780
SL - 19750
TARGETS - 19810,19870,19920
SELL BELOW - 19720
SL - 19750
TARGETS - 19680,19640,19610
NO TRADE ZONE - 19720 to 19780
Previous Day High - 19810
Previous Day Low - 19680
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nifty to Yo-Yo between supports and resistance this week.Nifty is trying to look for proper support to launch from and over come some important critical resistances. There are multiple supports for Nifty in the range of 19582 to 19667 Nifty can take support from any of these places and lunge forward. While going forward the resistances that Nifty might face are 19785, 19819 and 19873.
Nifty 15min 20 November Monday 20 November Monday Nifty analysis
Market is up trend target 20000
Market is down trend target 19525
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Nifty Faced Channel top resistance on an Hourly chartNifty retreated sfitly from top of yesterday that was 19875 to close the day at 19765 because it faced the channel top resistance as seen in the chart. This zone between 19816 to 19877 will be tough to conquer however Nifty will make an attempt again to close the week on a high. supports on the lower side for Nifty remain at 19714, 19627 and 19571 (Mid channel Support). Below 19571 the stock can fall to 19527 or 19453 which is a 50 and 200 EMA on hourly chart respectively. Crossing and closing above 19877 will open the gates towards 20K again.
📉 Nifty 50 Index: Short Opportunity on the HorizonGreetings, fellow traders!
Today, our focus is on the NSE:NIFTY index. Here's the breakdown:
📈 Upward Movement: The index has been on an upward trajectory, recently approaching the 200-day moving average.
🚨 Near Resistance: However, it's currently near a significant resistance level, suggesting potential selling pressure.
💡 Short Selling Opportunity: I'm eyeing a short opportunity in the range of 19,500 to 19,800 for this index.
📉 Option Buying Strategy: For option buyers, consider 19,800PE or 20,000PE strike prices to capitalize on a potential downward move.
📆 Timing: This bearish outlook is anticipated to unfold in the coming days.
📌 Important Note: Trading involves risks. Make sure to conduct your analysis and manage your risk accordingly.
🤔 Your Strategy: What's your take on the Nifty 50 index? Are you aligning with this short opportunity, or do you have a different perspective? Share your insights!
👋 Until Next Time: Thank you for tuning in. Goodbye for now, and see you in the next post.
Best regards,
Alpha Trading Station
Perfect Breakout with one major hurdle to cross.It is a perfect breakout as we had predicted yesterday. As we had said you will find Nifty between 19600 and 19700. Nifty today made a high of 19693 and finished strongly at 19675. The next major resistances are at 19693, 19847 and finally 19990 until we are back above 20K levels. The investors should be cautious of 2 things.
1) Rate hike by US Fed in December FOMC.
2) Further major escalation in Israel - Palestine crisis which could make it a Multi-polar fight.
In case of above developments the supports for Nifty will be near 19586, 19456, 19333, 19223 and finally the support zone between 18893 and 18835.
Nifty squeezing between strong support & resistance zonesNifty is squeezing between strong support & resistance zones currently. The Résistance zone is between 19466 to 19548. Strong Support zone is between 19323 and 19414. Neither side is willing to give way. The next Three trading sessions hold key to decide the direction of the market in the short term. In the long term overall sentiments of the market remain positive.
Nifty 15min 15 November wednesday 15 November wednesday Nifty analysis
Market is up trend target 19600 to 19680
Market is down trend target 19280 to 19200
Good Closing to the week. Light may shine in Muhurat trading.A very good candle to close the week by Nifty on Friday. In general, there is good buying on the Muhurat day. In addition to this markets in US and seems to be closing on a strong footing in US. All this can lead to a bumper Muhurat day session and the following week can also shine with positivity in this festivity adding more glitter to the festival of lights. Resistances on the upper side remain at 19444 (Looks like this resistance can be leapfrogged). Further resistances will be near 19582, 19695 and finally 19860. Supports on the lower side will be near 19316 and 19221. (The zone between 19316 and 19221 is a strong support zone now). Below this level 19078 and 18873 will be the final supports.
Nifty 15 min 10 November Friday 10 November Friday Nifty analysis
Market is up trend target 19525 to 19600
Market is down trend target 19280 to 19200
Nifty consolidating below 50 days EMA. Nifty is consolidating below 50 days EMA. Also note that 50 days EMA is the Mother line so the stock price below the same indicates that 50 EMA is a resistance(To Know what is Mother Father Small Child Theory contact us). Once this resistance is crossed the next resistances for Nifty will be at 19695, 19860, 20047 and finally 20215. Crossing and closing above 20215 will open the gates for Long Term Target or 21000 or by next Diwali even 22000. The supports on the lower side for Nifty remain at 19294, 19075, 18863 and finally 18663. Below 18663 Nifty becomes weak and Bears take control of the same.
Nifty (Market Outlook) (Diwali to Diwali Outlook)Nifty will continue to consolidate but remain bullish in the coming 12 months the range in which we expect Nifty to remain till next Diwali will be 18800 to 22000. Worst case scenario seems to be 17800 and the best case scenario seems to be Nifty going towards 22K.
Midcap will remain bullish if FII inflow continues and Large caps are also expected to grow decently between 7 to 15%. Large caps will be a safer bet for conservative investors as volatility will be expected.
Volatility is expected in the index as it is an election year and unresolved global issues are still trying to play a role however, India should remain rising and shining star of global economy.
Nifty BankNifty Hourly TF Analysis
Nifty BankNifty Hourly Analysis
RSI negative divergence
On next week if it create bullish divergence at any support level we can see bullish momentum
Selling View Below : 19070 and 42855
JSW Steel : Rusting Begins?- JSW Steel looks ready for a short-term downturn phase
- Look how the PE ratio has shot up crazy from the last time we saw the same price ( Price is not justified)
- With the current selloff, The bulls are trapped at ATH making them long-term investors.
- We do have a trendline that may give support when the time comes. But until then, It's time to bleed?
What are your thoughts? Leave us a boost👍👍👍.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
Good jump but more distance to go post consolidation or gap up. As Depicted yesterday we crossed level 1 resistance and ended just below resistance level 2. Level 2 resistance was 19413 and we closed to 19411. Once we get a closing above 19413 the next level will be 19562. Supports for Nifty now are at 19353 and 19276. Things still looking positive either we jump above the resistances we can progress very fast towards 19681 and 20K levels.
Nifty positioned nicely in a positive open mouth channel.Nifty is positioned nicely in a positive open mouth channel. Crossing and closing above 19726 can start a positive wave in Nifty which will have resistance at 19353, 19413, 19562 and 19681. Supports for Nifty at the lower level are 19207, 19170 and 19070. Things are looking good for a positive Diwali and Muhurat buying. Let us hop that all the positive levels are crossed and we get a closing close to 20K during the Muhurat session or post Muhurat session.
Nifty 15 min 7 November Tuesday 7 November Tuesday Nifty analysis
Market is up trend target 19525 to 19600
Market is down trend target 19180
