#NIFTY Intraday Support and Resistance Levels -29/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21800 level and then possible upside rally up to 21920 level in today's session. in case nifty trades below 21750 level then the downside target can go up to the 21630 level.
Niftyprediction
#NIFTY Intraday Support and Resistance Levels -28/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21680 level and then possible upside rally up to 21800 level in today's session. in case nifty trades below 21630 level then the downside target can go up to the 21510 level.
NIFTY INTRADAY LEVELS FOR 27/12/2023BUY ABOVE - 21480
SL - 21420
TARGETS - 21540,21590,21660
SELL BELOW - 21390
SL - 21480
TARGETS - 21330,21250,21200
NO TRADE ZONE - 21390 to 21480
Previous Day High - 21480
Previous Day Low - 21330
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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#NIFTY Intraday Support and Resistance Levels -27/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21460 level and then possible upside rally up to 21580 level in today's session. in case nifty trades below 21430 level then the downside target can go up to the 21310 level.
NIFTY INTRADAY LEVELS FOR 26/12/2023BUY ABOVE - 21390
SL - 21310
TARGETS - 21490,21540,21590
SELL BELOW - 21310
SL - 21390
TARGETS - 21250,21200,21090
NO TRADE ZONE - 21310 to 21390
Previous Day High - 21390
Previous Day Low - 21250
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 Intraday Support and Resistance Levels -26/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21380 level and then possible upside rally up to 21500 level in today's session. in case nifty trades below 21300 level then the downside target can go up to the 21180 level.
Nifty Short , Medium & Long Term View-26-Dec-23 to 29-Dec-23Nifty Short , Medium & Long Term View-26-Dec-23 to 29-Dec-23
Nifty closed at 21349( Prev Week close 21496) and touched low & high of 20970 & 21590.
RSI and stochastics levels reduced from overbought zone ( 72% & 69 % Respectively) .
Market currently on a upward movement due to global run and had slight consolidation last week.
Two Fibonacci extended resistances are near to 22500 as shown in chart which is 5 % from current level.
Since there is a upward movement in global market, nifty expected to move up temporarily to 21750 / 22000 though Market is still in overbought zone.
Profit booking upto 30% was suggested in the last three weeks, Almost i have booked 20% profit in Equities & Mutual Funds. 100% of ulip shifted from equities to balanced funds & money market as we get free switches in ulip.
Market can any time expected to turn volatile and it will continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024.
Feb Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road).
Nifty IT had a good run in last few days with expectation of growing world economic condition especially US. But in expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario.
Q3 Results & Policy changes are need to be looked into for next year growth of Nifty.
Nifty- Short Term
Resistances are at 21750, 22000 ( however no trend line, fibonacci resistance are available)
Support at 20800 ( MA 21 ) ,20500 ( Fib Support) , 20225 ( prev high)
Nifty Medium Term & long Term -
Market decisively closed above 21000 last week and near to 21500
Can achieve 22500 target if close above 22000 decisively.
Support at 20225/ 20000/ 19850
Long Term
market range bound between 22500 to 18800 till elections are completed.
Rising Wedge pattern breakout in NIFTY 50NIFTY 50 INDEX
Key highlights: 💡⚡
✅On 15 MIN Time Frame Stock Showing Breakout of Rising Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 21510+.
✅Can Go Long in this stock by placing a stop loss below 21250-.
NIFTY expecting a Retracement till Monthly Demand.
Price has moved away from the EMA, whenever we have a scenario as such Price retraces to the latest Fresh Demand and we have a Monthly Fresh Demand formed.
We have a Daily Demand exceeded by a Daily Supply hence expecting this Fresh Supply to be the Source of the Downtrend till the Monthly Demand
Amazing Short position can be encashed after a downward confirmation in 4H chart.
#NIFTY Intraday Support and Resistance Levels -22/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21300 level and then possible upside rally up to 21420 level in today's session. in case nifty trades below 21250 level then the downside target can go up to the 21130 level.
NIFTY INTRADAY LEVELS FOR 22/12/2023BUY ABOVE - 21280
SL - 21200
TARGETS - 21350,21410,21490
SELL BELOW - 21200
SL - 21280
TARGETS - 21090,21030,20950
NO TRADE ZONE - 21200 to 21280
Previous Day High - 21280
Previous Day Low - 20970
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 Intraday Support and Resistance Levels -21/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21130 level and then possible upside rally up to 21250 level in today's session. in case nifty trades below 21080 level then the downside target can go up to the 20960 level.
NIFTY INTRADAY LEVELS FOR 21/12/2023BUY ABOVE - 21210
SL - 21140
TARGETS - 21280,21350,21410
SELL BELOW - 21090
SL - 21150
TARGETS - 21030,20950,20860
NO TRADE ZONE - 21090 to 21210
Previous Day High - 21590
Previous Day Low - 21090
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--@Golden Zone??After a strong rise price is given us retracement to enter long again....
Price is exactly closed in the golden zone.
there is no sign of reversal....
If consolidation happens at bottom side,
we have more chance of liquidity grab below 20800.
Ma be after clearing that liquidity price goes upside...keep looking for buy if price comes below this level.
If consolidation happens again at ATH, chances of breaking topside is more.
Keep safe before short.
NIFTY prediction for today 20 Dec 23As we discussed, nifty will be forming a double top. It has completed the double top, and 21500 worked a nice resistance. Now, for today, 21500 will be acting as a nice deciding line. If it breaks above and consolidates upside, then it might go higher; otherwise, 21500 might work as a turning reversal point for Nifty.
Reasons:
DOUBLE Top formation is already completed. In the last 30 minutes, there was a lot of pressure from sellers with great power. (Bearish)
Ascending triangle pattern completion is there, which shows the trend might continue.
OI has PCR 0.99, is bullish, and 21400 has quite nice additional PE writing. (bullish)
RSI is 40-60, which means it is mostly sideways.
Price > EMAs(13,50,200) shows bulls are still having market control. (Bullish)
21300 will be providing a nice price action support point.
If it breaks to the upside, 21650 will provide a nice target point.
Verdict:
If it breaks to the upside, Sideways or Bearish might go bullish.
Plan of action:
Observe 15-minute candles and be on the selling side. Follow the analysis.