NIFTY -- CONTINUATION OR REVERSAL?Nifty has given a good rally after retesting 18800, and is now approaching overhead resistances. With 50 EMA, 0.618 Level and around 19500, nifty seems to be at a congestion zone where it should consolidate for a couple of days.
FED chairman Powell is expected to speak twice this week and should provide with enough triggers for the market to decide the direction of movements.
Overall, this consolidation should be healthy to help in the next round of rally after the events this week.
Niftytradesetup
NIFTY INTRADAY LEVELS FOR 09/11/2023BUY ABOVE - 19460
SL - 19410
TARGETS - 19520,19590,19660
SELL BELOW - 19410
SL - 19460
TARGETS - 19330,19270,19230
NO TRADE ZONE - 19410 to 19460
Previous Day High - 19460
Previous Day Low - 19410
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 - 09/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19460 level and then possible upside rally up to 19580 in today's session. in case nifty trades below 19420 level then the downside target can go up to the 19300 level.
NIFTY--19500 Is Resistance?? price broken the trendline and retested...then gap down or gap up.
we have a strong demand zone at 19360level...price may again rise from this level..
previously 19500 is a strong resistance,
if price again acts as resistance in this zone will observe a fall up to 19300 and 19200 levels.
otherwise price breaks the resistance and have chances of testing the 19600 and 19700 levels.
keep safe before short....wait until it touches the resistance resistance level @19500.
NIFTY Analysis/Prediction for tomorrow Expiry 09-11-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens flat or Gap-Up
🟢 Buy CE Above 19520
or after 1 PM if market in range
✔️ Target Should be 19635
🔴 Buy PE Below 19400
✔️ Target Should be 19280
If market opens Gap-Down (Below 19400)
🟢 Avoid CE
🔴 Buy PE near 19420
✔️ Target Should be 19280
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
NIFTY Prediction for 9th NovAs we discussed, a neutral view of NIFTY moved sideways the whole day by gaining +36 points.
Right now, NIfty is at a really crucial point where it might go from the 19550 to the upside, where it might face the 4H-TH trendline as resistance. Tomorrow's nifty has expiry, which means it might be sideways with high probability. Expiry is likely to end in 19350-19450.
Reason:
Expiry day for Nifty (Mostly Sideways)
50 EMA day TF resistance to upside. (Resistance)
Price > EMAs (Bullish)
RSI is 40-60 mostly Sideways.
Price action resistance to upside at 19460.
PCR = 0.88 (Neutral) (Put:Call Ratio)
Verdict:
Sideways
Plan of action:
don't go for option Buyiing. let it make the range and then make iron condor.
Nifty prediction, Will Continue the Bullish trend?As Nifty has been continuously increasing for the past four days, it has been purely seller day. The market is consolidating in a range of 70-80 Points. We have performed Top a top-to-bottom approach where we see a trendline that is marked over the chart. Nifty seems to touch the 19550 levels by this week's expiry.
Reason:
Price > EMA(13,50,200) (Bullish)
Golden crossover (Bullish)
PCR = 1 (Bullish)
RSI > 60 (Bullish)
200 EMA support downside.
Verdict:
Bullish
Plan of Action:
Sell PE on lower Points. Don't go for option Buying based on the last four days moment.
NIFTY Analysis/Prediction for tomorrow 08-11-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens in Zone
🟢 Buy CE Above 19435
✔️ Target Should be 19500
🔴 Buy PE Below 19375
✔️ Target Should be 19275
If market opens with more than 100 points gap
then wait for price action and trade after one hour in same direction.
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
NIFTY--Head & Shoulders Pattern ??I am sharing the important levels of Support and Resistance. These levels play 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.
They serve as key reference points for technical analysis.
Nifty is at important zone of resistance...If price fail to take the support at 19360 levels again and falls below this level, we have a chance of H & S pattern, keep safe before long.
#NIFTY Intraday Support and Resistance Levels - 03/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19170 level and then possible upside rally up to 19270 & This rally can extend another 100-120 points if market gives breakout of 19290 level in today's session. in case nifty trades below 19130 level then the downside target can go up to the 19010 level.
NIFTY INTRADAY LEVELS FOR 03/11/2023BUY ABOVE - 19170
SL - 19110
TARGETS - 19230,19330,19380
SELL BELOW - 19070
SL - 19110
TARGETS - 19030,18970,18930
NO TRADE ZONE - 19070 to 19170
Previous Day High - 19170
Previous Day Low - 19070
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--Inverse H&S PatternI am sharing the important levels of Support and Resistance. These levels play 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.
They serve as key reference points for technical analysis
NIFTY INTRADAY LEVELS FOR 02/11/2023BUY ABOVE - 19030
SL - 18970
TARGETS - 19090,19150,19260
SELL BELOW - 18930
SL - 18970
TARGETS - 18890,18850,18800
NO TRADE ZONE - 18970 to 19030
Previous Day High - 19090
Previous Day Low - 18970
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 detailed Prediction analysis for 2nd Nov NIFTY was quite Bearish yesterday as we discussed the levels and trendlines respected quite well. A trendline is broken to downside and selling presure was more to downside, by looking of the trend yesterday nify seems bearish for this week.
Reason:
200 EMA Resistance (Good Resistance) (Bearish)
Price Action Resistance (Red Zone upside) (Bearish)
Yesterday Heavy selling presure
Price < (13,50) EMA (shows bearish)
PCR = 0.68 (mild Bearish), MAX Pain = 19100
RSI < 40 (Bearish)
Verdict:
Bearish
Plan of action:
as its expiry it might be sideways. so play based on levels
NIFTY INTRADAY LEVELS FOR 01/11/2023BUY ABOVE - 19150
SL - 19070
TARGETS - 19260,19330,19380
SELL BELOW - 19070
SL - 19150
TARGETS - 19020,18940,18890
NO TRADE ZONE - 19070 to 19150
Previous Day High - 19230
Previous Day Low - 19070
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 Prediction today 1st Nov 23NIFTY was quite Bearish yesterday as we discussed the levels and trendlines respected quite well. a short trendline is broken to downside and selling presure was more to downside, by looking of the trend yesterday nify seems bearish for this week.
Reason:
200 EMA Resistance (Good Resistance) (Bearish)
Price Action Resistance (Red Zone upside) (Bearish)
Yesterday Heavy selling presure
Price < (13,50) EMA (shows bearish)
PCR = 0.75 (mild Bearish), MAX Pain = 19100
RSI > 40-60 (Sideways)
Verdict:
Bearish
Plan of action:
look for initially 15 min. follow the trend. Sell high levels.
NIFTY S/R LevelsI am sharing the important levels of Support and Resistance. These levels play 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.
They serve as key reference points for technical analysis
NIFTY Analysis/Prediction for tomorrow 01-11-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens flat or Gap-Up (below 19140)
🟢 Avoid CE
🔴 Buy PE Below 19050
✔️ Target Should be 18940
If market opens gap-Down
🟢 Avoid CE
🔴 Buy PE near19050 or Below 18940
✔️ Target Should be 18940, 18825
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
Nifty 50 Gap zone Supply Nifty 50 Gap zone Supply NSE:NIFTY
today touched the previous gap zone of the June 27 to July 6 rally. Also same gap acted as Demand zone , the same level of 19222-19241 acted as demand many times in July- September
so looking the same thing Nifty will be facing stiff resistance there .
NIFTY INTRADAY LEVELS FOR 31/10/2023BUY ABOVE - 19160
SL - 19100
TARGETS - 19260,19330,19380
SELL BELOW - 19080
SL - 19130
TARGETS - 19020,18940,18890
NO TRADE ZONE - 19080 to 19160
Previous Day High - 19160
Previous Day Low - 18940
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 Downtrend Consolidation 30-10-23Hey Folks My nifty Update is here
As we can see we are retestion the previous low of 25th october and can see the sellers moving in .We can see lots of side ways action for some days or maybe more downward continuation
As we can see the rsi levels are oversold buyers should starting to develop the interest but for short term my target is around 18900 like i can see it going there in monday if we didnt get some news that may reverse the trend