#NIFTY Intraday Support and Resistance Levels -22/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22030 level and then possible upside rally up to 22150 level in today's session. in case nifty trades below 21990 level then the downside target can go up to the 21870 level.
Niftyprediction
#NIFTY Intraday Support and Resistance Levels -21/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21870 level and then possible upside rally up to 21990 level in today's session. in case nifty trades below 21830 level then the downside target can go up to the 21710 level.
Nifty key levels for 21th March | Expiry TradeStay ahead of the curve with our daily Nifty key levels!
NSE:NIFTY key levels for tomorrow.
We booked profit of 120 points in Nifty today.
Overview:
Here are the key levels to watch for potential entry and exit points in
BANKNIFTY
Resistance Levels:
- Refer the Red line on the chart
Support Levels:
- Refer the Green line on the chart
Trading Strategy:
- Long Position:
Consider initiating long positions near support levels only after reversal confirmation for potential upside movement.
- Short Position:
Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement.
Risk Management:
- Always use stop-loss orders to protect against adverse market movements.
- Consider position sizing based on risk tolerance and account equity.
Disclaimer:
These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Thanks
Nifty analysis and trade plan for Wednesday. 20th MarchNifty analysis and trade plan for tomorrow, Wednesday. 20th March
Hello, my name is Rahul Bora, I am an intraday trader from Assam, every day I try to share my trade plan for next day, for Nifty and Bank Nifty based on Fibonacci levels and price action only. Whatever I share in these videos, are purely my personal opinion, and not a trade advice in any sense. Viewers are advised to take their trades based on self analysis and own risk taking capacity only.
#NIFTY Intraday Support and Resistance Levels -19/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22080 level and then possible upside rally up to 22200 level in today's session. in case nifty trades below 22030 level then the downside target can go up to the 21910 level.
NIFTY INTRADAY LEVELS FOR 18/03/2024BUY ABOVE - 22060
SL - 22010
TARGETS - 22120,22170,22210
SELL BELOW - 21980
SL - 22010
TARGETS - 21940,21900,21850
NO TRADE ZONE - 21980 to 22060
Previous Day High - 22120
Previous Day Low - 21940
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 -18/03/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21980 level and then possible downside rally up to 21860 in today's session. in case nifty trades above 22010 level then the upside target can go up to the 22130 level.
Nifty Monday 18 march - Overview for the day #gifty trading is slightly negative, around 40 points from our closing, a sign of a flat to small gap down. We saw a bounce from hourly support during the Friday trading session, so there is still hope for a bounce or a pullback in the short term.
Harmonic ABCD patterns will be activated at a rate lower than 21,900, and it is a crucial support for nifty this week and the last hope for the bulls, so be careful and do not make the early perception. Focus on the level.
Intraday Range: 21,900 to 22,060
NIFTY - key levels for march 4th weekSo we are analyzing nifty in a Daily time frame. Nifty has broken the trendline support On a daily closing basis with a red big candle. Also, we can see the formation of the head and shoulders pattern. The right shoulder is not yet being formed, but if it gets formed and the pattern gets validated, we can see a further downfall. In an hourly time frame, we can also see the bearish chart pattern i.e. Descending Triangle. Even the RSI indicates divergence which is another indicator, So trade cautiously. Don't make any swing Entries in any of the stocks. I will wait until Nifty closes above 22,200 or 300. I need a bullish closing above those levels. Until then, I won't be making any swing positions. Also, the key important levels are mentioned in the chart. If the support level of 21,900 gets broken. We can see a further downfall. This level has been acting as a key support for almost 50 days. So if this gets broken a downfall can be seen. And it can take us till 21,544. And the strong sell-off can continue. We can see further downfall till 21,150. I would remain bullish above 22200. The chart seems weak, so plan accordingly. Also If buying starts from this level i.e. from the current level, we will wait until it reaches 22,300. Let nifty spend some time near those levels. And if we see further consolidation and breakout near those levels? We can go for some swing positions. So currently it's a break-or-make situation for the nifty.
NIFTY INTRADAY LEVELS FOR 15/03/2024BUY ABOVE - 22170
SL - 22100
TARGETS - 22210,22270,22310
SELL BELOW - 22060
SL - 22100
TARGETS - 21980,21900,21850
NO TRADE ZONE - 22060 to 22170
Previous Day High - 22210
Previous Day Low - 21900
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 -15/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22170 level and then possible upside rally up to 22290 level in today's session. in case nifty trades below 22130 level then the downside target can go up to the 22010 level.
Nifty Intraday Trade Setup for 14 March , 2024Yesterday, the Nifty 50 index experienced a free fall. The question is whether this downward trend will continue today, especially on expiry day. Every day in the stock market is unique, and to succeed as traders, we must avoid being biased by previous movements. It's crucial to follow the levels.
Currently, the Nifty is trading flat, suggesting a higher likelihood of a flat opening today.
Intraday Range: 22,050 to 21,900
Long above 22,050 for the target of 22,120/22,150
Short below 21,900, and its target is 21,860/21800
Reversal Broadening Wedge pattern in Nifty 50 indexNIFTY 50 INDEX
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Nifty Index Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 22600+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this nifty index can gives strong upside rally upto Above 23150+.
📈 Can Go Long in this nifty index by placing a stop loss Below 21650-.
NIFTY INTRADAY LEVELS FOR 14/03/2024BUY - 21980
SL - 21900
TARGETS - 22060,22120,22170
SELL - 21900
SL - 21980
TARGETS - 21850,21800,21760
NO TRADE ZONE - 21900 to 21980
Previous Day High - 22440
Previous Day Low - 21900
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 -14/03/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21930 level and then possible downside rally up to 21810 in today's session. in case nifty trades above 22000 level then the upside target can go up to the 22120 level.
NIFTY Prediction for tomorrow 11 Mar (Monday)Hello traders, As we discussed in our last analysis, the market took resistance from the Resistance zone, and the result was sideways.
If we look at the chart data now:
The market is taking resistance at the resistance trendline (Why this resistance looks like my last bank nifty analysis). The market is taking support at 22430. the market has touched this trendline multiple times, which makes it easier to break to the upside.
If we look at the OI data:
PCR = 1.11 shows a bullish market structure. If we look at the CE and PE activity, there is a huge amount of CE and PE writing on both sides. That indicates the market is going to be sideways. 22500 is Max-Pain.
FII and DII data do not show much of the information except that the market might open a small gap-down.
I am expecting the market to get consolidated.
Case 1: Market is sideways in orange region.
Case 2: Market breaks to upside till 22650. (Fib 1.414)
Reasons:
Price > EMA indicates the bullish nature of the market. but price >> ema(200) shows market need some reversion.
Price taking resistance at resistance trendline. (Sideways)
RSI is 40-60, showing a sideways market structure. If it breaks 60 to the upside. The market can give targets till 22650, which is also the Fib 1.414 level.
PCR = 1.11 (1.34 to 1.11) shows Bears are actively adding positions, which might force the market to be sideways. (Sideways)
Verdict: Sideways or Bullish
Plan of action:
Case 1: Short straddle 22500 (Hedge with 20 premium)
Case 2: Sell 22500 PE (Hedge with 20 premium PE)
NIFTY--Liquidity lies @Double Bottom??Nifty index is showing straight forward bullishness from the keylevel @from BASE high.
Price observed a rally base rally from 21500 levels to 22500 levels.
Trendline is also acts as support,to push the price.
Now A Lot of liquidity is lies below the trendline and as well as below the double bottom levels at 21800 levels,and also we have a strong demand zone lies at 21700 levels.Price has to test these levels again for further move in Nifty INDEX.
Will update all the information accordingly to reach for these levels.
#NIFTY Intraday Support and Resistance Levels -13/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22340 level and then possible upside rally up to 22460 level in today's session. in case nifty trades below 22310 level then the downside target can go up to the 22190 level.