#NIFTY Intraday Support and Resistance Levels - 09/10/2024Gap up opening expected in nifty near 25200 level. 25250 level will act as a strong resistance for today's session. Expected reversal from this level. Any strong bullish rally only possible above this level. Downside 25000 will act as a intermediate support for nifty. Strong fall expected below 24950 level in today's session.
Niftyprediction
NIFTY Short Mastery on 15m Time Frame: 940 Points SecuredOn the 30th of September, we initiated a short entry at 25996.85 using the Risological Swing Trader, capturing a robust downtrend as the price continued to respect our dotted trendline indicator. To date, this strategy has delivered a significant 940 points in profit, exemplifying the effectiveness of our approach.
Target Points:
TP 1: 25823.50
TP 2: 25543.00
TP 3: 25262.50
TP 4: 25089.15
Stop Loss (SL): 26137.10
The Risological Swing Trader has once again proven its strength in spotting market reversals, allowing us to secure substantial gains. We will stay vigilant as we approach the reversal.
#NIFTY Intraday Support and Resistance Levels - 08/10/2024Slightly gap up opening expected in nifty near 24900 level. 24950-25000 will act as a strong upside resistance for nifty. Possible nifty gives reversal from this level towards the 24700 level and this can be extend upto 24500 in case nifty gives breakdown of 24700 level. Any strong bullish side rally only expected above 25000 level.
NIFTY INTRADAY LEVELS FOR 08/10/2024BUY ABOVE - 24890
SL - 24800
TARGETS - 24990,25060,25120
SELL BELOW - 24700
SL - 24800
TARGETS - 24600,24530,24460
NO TRADE ZONE - 24700 to 24890
Previous Day High - 25120
Previous Day Low - 24700
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.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
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 Intraday Support and Resistance Levels - 07/10/2024Gap up opening expected in nifty near 25200 level. After opening nifty will face strong resistance at 25250 level and possible reversal from this level. Downside 25000 will act as a crucial support for today's session. In case nifty gives breakdown of 24950 level then we can see strong downside fall upto 24700 level. Any upside rally only expected if nifty starts trading and sustain above 25250 level.
Nifty Short, Medium & Long Term : 07-Oct-24 to 11-Oct-24Nifty Short, Medium & Long Term : 07-Oct-24 to 11-Oct-24
Nifty closed at 25014 ( Last Week 26179 ) and touched low & high of 25839-26285 ( all time high)
Market saw a drop of 4.5% last week due to concern on Middle East War Situation. Market touched new high 2 weeks before , and touched all time high of Mid Term Resistance 26260
Nifty Bank 51462 ( 53834), touched the target of 54000 as proposed 2 months before (54400 all time high) and support at 49900. Buy on dips.
Fed Rate Cut by 0.5% made the global market up and triggered increase in Indian Market in sep.
FPI invested 4 Billion $ in Sep and pulled out 3.5 Billion $ in 3 trading session in Oct.
US President Election result scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. RBI in India expected to reduce rate from end of this year.
RSI ,macd and stochastics levels are down. Caution to be emphasized as Stochastics at overbought level. Q2 results awaited which will pave way for more clearer path in market.
Nifty 25014 Short term ( Short Term : Down)
Nifty short term resistance 25675 & 26000 trend line resistance as shown in chart.
Support at 24814 ( 0.618 Fib Retracement)
Medium Term next target is 26266 & if move up decisively above next target is 27000
Medium term Support 24650 (Trend line support and Fib Resistance), 24480 (Fib Support) and 24000.
Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800
US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year.
Caution was emphasized on Nifty for last 3 months as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high.
Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800.
Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart.
Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank.
Stock Picking is needed at current scenario in Bank, auto, Pharma stocks.
Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis.
Nifty IT 41912 (42312) indices dipped slightly, NIfty IT is less than SMA 21 level, need clear direction and Q2 results will pave way for the clear direction.
NIFTY INTRADAY ANALYSIS FOR 07/10/2024BUY ABOVE - 25080
SL - 25020
TARGETS - 25130,25180,25230
SELL BELOW - 24950
SL - 25020
TARGETS - 24900,24850,24800
NO TRADE ZONE - 25950 to 25080
Previous Day High - 25490
Previous Day Low - 24950
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.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
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 and Bank Nifty analysis || 7th October ||Here in this video we have discussed Nifty and Bank Nifty current trend, possible support and resistance levels, and our trade plan for Monday, 7th October.
Video review-
Both Nifty and Bank Nifty shifted their trend, and converted to a downtrend. Here in this video we have discussed and plotted possible support and resistance levels based on Fibonacci for tomorrow and tried to create a trade plan..
Hopefully this video may help you to understand the market trend better, and will be beneficial to make your trade plan better
Nifty - The Iran-Israel ImpactIran contributes nearly 3.3% of total crude oil production globally.
Nifty has corrected almost 5% due to the fresh conflict escalation between Iran and Israel.
Though I am certain that this isn't the end of the conflict, rather, Iran will have to face the wrath of Israeli counter, but unless any third party gets involved except the US, the correction in Nifty (specifically due to this conflict and upcoming war) seems to have completed.
Though, I am not bullish on the Indian markets in the short term, mainly due to overstretched valuations of MidCap companies, but I certainly believe that the ongoing correction would seize in the upcoming week. I am hopeful that Nifty will end the current calendar year somewhere in the range of 24750 and 25250 (exactly where the markets stand at the moment). So for me, it is now time to take advantage of this fall and pick fundamentally strong long-term opportunities.
This isn't a trading call and is solely my point of view. I have just tried to share my market expectations that I have formed basis my understanding of the economy in general and equity markets in particular.
I understand that this is a very bold call specially when the Index has corrected almost 5% in 5 trading sessions, and there is fair possibility of my expectation going wrong.
But, I also understand that having a point of view is better than going blank, and failing while trying is better than not trying at all.
Consult your financial advisor and do your own research before making any financial commitments.
#NIFTY Intraday Support and Resistance Levels - 04/10/2024Slightly gap up opening expected in nifty. After opening nifty will face resistance at 25450 level and expected reversal from this level upto 25250. Strong downside possible in case nifty starts trading below 25200 level this rally can go upto 25000 level.
NIFTY INTRADAY LEVELS FOR 04/10/2024BUY ABOVE - 25310
SL - 25240
TARGETS - 25380,25440,25490
SELL BELOW - 25240
SL - 25310
TARGETS - 25190,25130,25080
NO TRADE ZONE - 25240 to 25310
Previous Day High - 25620
Previous Day Low - 25240
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.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
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 Next MoveNifty almost gave a massive down trend its likely a retracement and we can see its already brake a trend line liquidity we can expect 60 %retracement or full retracement as Extreme ob area we can expect buy area from these ob areas
happy trading 🥰
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NIFTY INTRADAY LEVELS FOR 03/10/2024BUY ABOVE - 25860
SL - 25790
TARGETS - 25920,25980,26050
SELL BELOW - 25700
SL - 25790
TARGETS - 25610,25550,25490
NO TRADE ZONE - 25700 to 25860
Previous Day High - 25920
Previous Day Low - 25700
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.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
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 Intraday Support and Resistance Levels - 03/10/2024Expected flat opening in nifty or slightly gap down near 25750 level. After opening if nifty starts trading below 25750 level then possible sharp downside upto 25550 level. 25750-27850 zone is the consolidation area for the nifty. Any major upside rally only expected above 25850 level
#NIFTY Intraday Support and Resistance Levels - 01/10/2024NIFTY will open gap up in today's session. Expected opening near 26000 level. Possible reversal downside from this level upto 25850. In case, Nifty gives breakdown and starts trading below 25800 level then possible strong downside in today's session. Now upside rally only expected if nifty starts trading and sustain above 26050 level.
NIFTY INTRADAY LEVELS FOR 30/09/2024BUY ABOVE - 26250
SL - 26150
TARGETS - 26350,26460,26560
SELL BELOW - 26150
SL - 26250
TARGETS - 26050,25980,25920
NO TRADE ZONE - 26150 to 26250
Previous Day High - 26250
Previous Day Low - 26150
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.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
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 👍