#NIFTY Intraday Support and Resistance Levels -08/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21730 level and then possible upside rally up to 21850 level in today's session. in case nifty trades below 21700 level then the downside target can go up to the 21580 level.
Niftytradesetup
Regression Channel - Nifty - Day & 1hr timeframe1. Change in the regression trend at day timeframe, 1st Dec 23
It occurred with Gap formation, which will act as good support
2. Another Regression channel can be observed at 1hr time frame
3. Spinning Top Formation at the weekly timeframe, implicates bearish sentiment in the last week's price movement
Another "change in the trend" is expected
#NIFTY Intraday Support and Resistance Levels -05/01/2024Nifty 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 21650 level then the downside target can go up to the 21530 level.
#NIFTY Intraday Support and Resistance Levels -04/01/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21530 level and then possible upside rally up to 21650 level in today's session. in case nifty trades below 21500 level then the downside target can go up to the 21380 level.
Nifty live prediction for today 3rd Jan 24As we have discussed, Nifty has been moving upwards in the channel. Now, it has broken down to the lower channel, which shows a bearishness in the NIFTY behavior. There is a high probability that it will now continue in the lower channel as a bearish trend. OI data also confirms its bearish nature with PCR = 0.70. it will be bearish for now.
Reasons:
It has entered the bearish channel side. Now, fall might be sharp. (Bearish)
Price < EMAs that show the bearishness in the market. also it has given crossover(ema(13,50)) which always shows reversal of the trend.
RSI = 40 shows the weak bulls and might enter <40 that will be the start of heavy bearishness.
if we see the OI data PCR = 0.70 which shows bearishness in the market.
21500 will be acting as a nice support level to the downside. Upside 21600 will be acting as a nice resistance zone; OI data also confirms that.
Verdict:
Bearish
Plan of action:
Sell 21550 CE and hedge it with a small CE premium.
#NIFTY Intraday Support and Resistance Levels -01/01/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21700 level and then possible downside rally up to 21580 in today's session. in case nifty trades above 21750 level then the upside target can go up to the 21870 level.
NIFTY INTRADAY LEVELS FOR 29/12/2023BUY ABOVE - 21790
SL - 21730
TARGETS - 21860,21930,22000
SELL BELOW - 21680
SL - 21730
TARGETS - 21590,21490,21410
NO TRADE ZONE - 21680 to 21790
Previous Day High - 21790
Previous Day Low - 21680
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 👍
29 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 48600 and takes Support from 48600 then open target for T1-48700, T2-48800,T3-49000
If the Banknifty gap up opening sustains Below 48200 and takes resistance below 48200 then the open Targets for T1-48100, T2-48000,T3-47900
Major Levels 48200,48400,48500
If the market stands in this area of 48200 to 48500 then it is possible that even today the market will remain in the range.
#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.
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 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.
26 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSBANKNIFTY
Hello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 47400 and takes Support from 47500 then open target for T1-47600, T2-47800,T3-48000
If the Banknifty gap up opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47300, T2-47200,T3-47000
Major Levels 47500,47600,47000
If the market stands in this area of 47600 to 47800 then it is possible that even today the market will remain in the range.