NIFTY--Consolidation or Bearish??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
Niftytradesetup
NIFTY INTRADAY LEVELS FOR 27/02/2024BUY ABOVE - 22170
SL - 22120
TARGETS -22210,22250,22300
SELL BELOW - 22120
SL - 22170
TARGETS - 22070,22020,21960
NO TRADE ZONE - 22120 to 22170
Previous Day High - 22210
Previous Day Low - 22070
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 👍
Trade setup_nifty completes minor corrective wave ii.Nifty 50 is seen completing 50% retracement of the prior leg i of 3 with today's dip.
The wave ii has achieved a 50% retracement of the wave i.
wave iii of 3 should now take off by today after noon.
the target for wave iii would be approx 22500 from here.
Today's intraday low of 22075 should most probably be a crucial bottom.
22000-22100 currently is the strong support zone.
NIFTY INTRADAY LEVELS FOR 26/02/2024BUY ABOVE - 22250
SL - 22210
TARGETS -22300,22350,22400
SELL BELOW - 22170
SL - 22210
TARGETS - 22120,22070,22020
NO TRADE ZONE - 22170 to 22250
Previous Day High - 22300
Previous Day Low - 22170
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 50 Analysis For Feb 26th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 26th!,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 2 Imbalance Zones!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue And Red Arrow Path Showing The Direction of The NIFTY 50 For That Day.
Note : Those Levels Are For That Particular Day Only.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY 50 Analysis For Feb 23rd!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 23rd,
There Are Total of 3 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 3 Imbalance Zones!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The NIFTY 50 For That Day.
Note : Those Levels Are For That Particular Day Only.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY 50 23 FEB 24 (INTRADAY)1.Yesterday nifty closed extremely bullish and today opened gap up above previous 2 days high , so this high area will act as support and nifty may start going up from this area, so one can long in intraday for at least 100 points in nifty.
2. Global markets are also bullish.
3. Bank Nifty & Fin Nifty is also strong.
Support Zone Nifty 50- 22217-22250
Upside target in intraday 22350-22400.
BANK NIFTY INTRADAY LEVELS FOR 23/02/2024BUY - 47080
SL - 46900
TARGETS - 47360,47600,47750
SELL - 46900
SL - 47080
TARGETS - 46700,46450,46300
NO TRADE ZONE - 46900 to 47080
Previous Day High - 47080
Previous Day Low - 46450
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 50 Analysis For Feb 22nd!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 22nd,
There Are Total of 3 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 5 Imbalance Zones!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue And Red Arrow Path Showing The Direction of The NIFTY 50 For That Day.
Note : Those Levels Are For That Particular Day Only.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY-- RSI Divergence Is Negative??Nifty index is showing strong bullishness.
Price breaks the All time High again and printed a New High.
An Impulse move is identified but no corrective move detected, so those who wants to go long again,
wait for the price to retrace back.
wait for reversal in NIFTY index. Keep in long side as long as price in a channel.
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What RSI Divergence saying is::
If the stock is making new highs,
but the RSI starts making lower highs, this warns the price uptrend may be weakening.
This is negative divergence.
The trader can then determine if they want to exit the position or set a stop loss in case the price starts to decline.
Nifty 50 Daily Chart Analysis - February 21, 2024Technical Analysis:
Candle Pattern: The daily chart for February 21st shows a "Bearish Engulfing" pattern. This indicates a potential reversal in the upward trend, as the current day's candle completely engulfs the previous day's price range.
Moving Averages: All major moving averages are still bullish, but the recent candle suggests a possible slowdown in the upward momentum.
Support and Resistance:
Immediate support: 21,920
Key support: 21,600
Resistance: 22,450 - 22,500
Indicators:
RSI: Currently at 67, nearing overbought territory, suggesting a potential pullback.
MACD: Still bullish, but the histogram shows a weakening momentum.
Key Observations:
The Nifty 50 has been consolidating near the recent highs for the past few days.
The Bearish Engulfing pattern suggests a potential pullback in the near term.
Overbought technical indicators also suggest a potential correction.
However, the long-term trend remains upward, supported by bullish moving averages.
Other Observations:
The market opened higher but faced selling pressure later in the day, leading to the Bearish Engulfing pattern.
FII activity shows some reduction in short positions, suggesting cautious optimism.
The IPO of Purv Flexipack on February 27th could potentially impact market volatility.
Overall:
The Nifty 50 is currently at a crossroads. While the technical indicators still favor the upward trend, the Bearish Engulfing pattern and overbought conditions raise concerns about a potential pullback. The next few days will be crucial to see if the market can maintain its momentum or succumb to selling pressure.
Important Note:
This analysis is for informational purposes only and should not be considered financial advice. Please consult a qualified financial advisor before making any investment decisions.
NIFTY INTRADAY LEVELS FOR 22/02/2024BUY ABOVE - 22120
SL - 22070
TARGETS - 22170,22250,22300
SELL BELOW - 22020
SL - 22070
TARGETS - 21960,21890,21850
NO TRADE ZONE - 22020 to 22120
Previous Day High - 22250
Previous Day Low - 22020
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 50 Analysis For Feb 21st!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 21st,
There Are Total of one Support Zones Which You Need To Look And To Be Mentioned One Grey Area And We Have one Imbalance Zone!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The NIFTY 50 For That Day.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY 22 FEB 2024 viewIf we look at derivative data
0.80% % DECREASE, with a 3.6% addition in open interest.
if we look at volume, there is a 23% rise compared to yesterdays volume
iv down by 4 points , pcr is at low point of week and IVP AT 89 percentile .
support now at 21930-21960 while after todays cool offnow 22250 -22280 likely to act as a resistance zone
NIFTY 50 Analysis For Feb 20th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 20th,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 3 Imbalance Zones!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue And Red Arrow Path Showing The Direction of The NIFTY 50 For Tomorrow.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY--Impulse-Correction?? A Strong impulse wave is identified in NIFTY.
Wait for the corrective wave to continue its direction or reversal.
After corrective wave will decide further direction of NIFTY.
Now it is at Resistance zone.
will see tomorrow outside bearish candle or Outside bullish candle forms.
Because liquidity lies on both sides.
Until price breaks the 21800 levels no short side view.
NIFTY 50 Analysis For Feb 19th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 19th,
There Are Total of one Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And There Are 4 Imbalance Zones!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The Nifty 50.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
Nifty - Reflection of India's Sanity - Ready for New HighsFeb 12 to 16 - Another wonderful and Powerful week for the Indian Market where our market deceived the Global markets and Stood Strong and Tall while Global Markets were Bleeding.
It was very evident that Nifty and its cousins (Smallcap, Midcap, Energy, Auto, Pharma....) are super strong and are heading for newer highs
Here is the Technical View for the Week of 19th Feb:
Gift Nifty: Started the week with a Gap Up & Green Candle. The Last of the last Resistance before making new highs is 22,205. once broken Gift Nifty will Trade above the Earth's Atmosphere :)
Nifty 50: Nifty following a similar structure is all set to break out of its last resistance at 22,125 to head towards uncharted Territory
Given the upcoming Elections, the Ruling Party can't afford to lose their image with a crash in the market. Over the past 3 Quarters, the Indian Retail community have grown so strong that FII selling is no longer a major issue. Despite continuous Daily Net Selling by FIIs since Aug 2023, Indian Market marched forward like a Battalion of Determined Soldiers to make newer Highs.
We are slowly becoming Immune to FIIs selling, but FII buying will actually be complimentary to our market to take us to new highs. This the sign of Indian Becoming Truly Atmanirbhar....
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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NIFTY 50 Analysis For Feb 16th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 16th,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area.
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The Nifty 50 For Tomorrow.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.