NIFTY INTRADAY LEVELS FOR 07/08/2024BUY ABOVE - 24130
SL - 24010
TARGETS - 247220,24360,24440
SELL BELOW - 24010
SL - 24130
TARGETS - 23900,23800,23740
NO TRADE ZONE - 24010 to 24130
Previous Day High - 24360
Previous Day Low - 23900
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.
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Niftyprediction
NIFTY INTRADAY ANALYSIS FOR 06 AUG 2024BUY ABOVE - 24130
SL - 23990
TARGETS - 247220,24360,24440
SELL BELOW - 23990
SL - 24130
TARGETS - 23900,23800,23740
NO TRADE ZONE - 23990 to 24130
Previous Day High - 24360
Previous Day Low - 23900
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 Analysis support and resistence1. Nifty 50 Index Overview:
- The Nifty 50 Index represents the top 50 stocks by market capitalization on the National Stock Exchange of India (NSE). It covers 13 sectors of the Indian economy and serves as a benchmark for fund portfolios and index funds.
- As of the most recent data, the Nifty 50 has been performing well, with a year-to-date gain of 14.31% and a 1-year return of 26.33%.
2. Recent Market Movements:
- On July 23, 2024, after the Union Budget presentation, the Nifty experienced a slight retraction.
- However, on July 26, 2024, it rebounded and reached an all-time high of 24,861 points.
- This raises questions about its next move.
3. Concerns and Analysis:
- The closing at 24,055 points (lower than the previous close on July 23) indicates potential weakness.
- Significant volume and increasing volatility suggest heightened market activity.
- Such conditions can be risky for investors, as sudden swings may lead to losses.
4. Cautionary Note:
- Traders and investors should closely monitor the Nifty 50 chart and consider risk management strategies.
- While the market has shown strength, caution is warranted due to the volatile environment.
Remember, market predictions are complex, and various factors influence them. Always consult with a financial advisor before making investment decisions. 📈📉
NIFTY INTRADAY LEVE;S FOR 05 AUG 2024BUY - 24780
SL - 24710
TARGETS - 24850,24900,24960
SELL - 24710
SL - 24780
TARGETS - 24660,24590,24530
NO TRADE ZONE - 24710 to 24780
Previous Day High - 24850
Previous Day Low - 24710
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 👍
#Nifty50 analysis for upcoming week 5th-9th Aug 2024#Nifty50 stumbled this week, closing at 24717, a 110-point drop from the previous week. While it danced between 25078 and 24686, staying true to its predicted 25400-24300 range, underlying daily chart weakness is undeniable. Yet, the weekly and monthly perspectives remain bullish. Expect Nifty to continue its tightrope walk between 25000 and 24400 next week. A breakout on either side could ignite significant volatility. A potential support level of 24400 might be a sweet spot for new long positions. However, the looming RBI policy announcement on August 8th could trigger another selling wave. Until then, cautious optimism and controlled positions are key.
Meanwhile, the S&P500 experienced a 5% correction from its 5566 peak, finding support at the WEMA21 level of 5300. If this support holds, a fresh upward rally towards 5400, 5433, 5500, or even 5566 could be on the cards, potentially buoying Indian markets.
Let me know your views in the comments section. thanks for reading
#NIFTY Intraday Support and Resistance Levels -01/08/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 25000 level and then possible upside rally up to 25120 level in today's session. in case nifty trades below 24950 level then the downside target can go up to the 24830 level.
NIFTY INTRADAY ANALYSIS FOR 01/08/2024BUY ABOVE - 25000
SL - 24930
TARGETS - 25080,25160,25240
SELL BELOW - 24860
SL - 24930
TARGETS - 24780,24710,24660
NO TRADE ZONE - 24860 to 25000
Previous Day High - 25000
Previous Day Low - 24860
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 LEVELS FOR 31 JULY 2024BUY - 24860
SL - 24780
TARGETS - 24930,25000,25080
SELL - 24780
SL - 24930
TARGETS - 24710,24660,24590
NO TRADE ZONE - 24780 to 24860
Previous Day High - 25000
Previous Day Low - 24780
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 -30/07/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 24810 level and then possible downside rally up to 24690 in today's session. in case nifty trades Above 24860 level then the upside target can go up to the 24980 level.
NIFTY INTRADAY LEVELS FOR 30/07/2024BUY ABOVE - 24860
SL - 24780
TARGETS - 24930,25000,25080
SELL BELOW - 24780
SL - 24930
TARGETS - 24930,25000,25080
NO TRADE ZONE - 24780 to 24860
Previous Day High - 25000
Previous Day Low - 24780
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 Analysis for Monday 29 july 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000.
So I am providing highest probability intraday setup in Nifty50
My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce.
If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
NIFTY INTRADAY LEVELS FOR 29TH JULY 2024BUY ABOVE - 24860
SL - 24780
TARGETS - 24930,25000,25080
SELL BELOW - 24780
SL - 24930
TARGETS - 24930,25000,25080
NO TRADE ZONE - 24780 to 24860
Previous Day High - 24860
Previous Day Low - 24440
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 On Upside On Daily ChartThis is the daily timeframe chart of Nifty where Nifty50, and Indian index stayed in consolidation for almost and month, and now, after the breakout, it is ready to balloon as the recent candle (at the time of publishing this idea has formed a full strong green candle which indicates a positive momentum in the index.
However, any rally without corrections seems to be unhealthy as the market might not digest the rally and calm down such movement.
NIFTY Pre - Budget Surge : Caution Ahead...!Hello Traders,
I hope you are all thriving both in your trading endeavors and in life. Today, I bring you an exciting opportunity with a new analysis of NIFTY that's poised for a significant move. Our in-depth analysis reveals that...
NSE:NIFTY
As anticipated and previously mentioned, the past week ended on a negative note (pre-Budget). This week holds the potential for new highs. However, caution is advised, as this will likely be the final move in the sequence that began on October 23, 2023. It is prudent to brace for an impending correction.
Here are the technical details:
I. Resistance I: 24,854.80 ~ 24,910 (conj. Extended trend line from March 20, 2023)
II. Resistance II: 25,120 (Extended trend line from June 1, 2022)
III. Resistance III: 25,460 (Extended trend line from January 24,2024).
***Please note that these values are not actual but indicative levels of support and resistance.
A Gann ideology is that , the move from October 26, 2023 is also facing a time resistance of 270 days (90*3) which is an important number not to consider it lightly.
Furthermore, for the move from March 20, 2023 it is 490 days (360+90+45 or 135) which is also an additional reason factored in to be more cautious!
Following this, the market is expected to take a breather, with profit booking potentially dragging the markets to deeper levels before any new uptrend is initiated (The correction in monthly scale can be anticipated). Further details will be discussed as the market evolves.
Strategy:
Being bullish at this juncture seems prudent, only till R II (for conservative / Defensive) & RIII (for Pro-active / Enterprising).
Disclaimer: Before we conclude, I want to remind everyone that the insights shared here are based on my own analysis. It's crucial that you perform your own research and, if necessary, consult with a financial advisor before making any trading decisions. The financial markets are dynamic, and it's important to ensure that your strategies align with your personal financial goals and risk tolerance.
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