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NIFTY--Consolidation + Bullish ??Nifty index, After breaking a trendline failed to move upside.... Now after 3 successive gap ups price tested the support again and showing us strong bullish in action. multiple times price taken the reversal from 19500 levels... this level is failed to take the price downside... If this strong bullish momentum will clears an obstacle to reach the bearish gap left @19750 levels... then will soon that level be tested. If price opens up and may continue upside... or if price may gives us some retracement to 19380-19360 levels will look for long , gives us discount. Its already giving discount after 3 successful gap ups, saying I am bullish we have resistance @ 19600 may gives us pullback if it is a bullish scenario. this is the only shortcut way to reach the resistances again... If we see at 19300 levels price consolidation + moving upside means a chance of bearish again...keep safe before long after these resistances. will see in the next session what happens...
NSE:NIFTY
by IIT-Trader
2
NIFTY--Drop Base Drop or Bullish ??NIFTY index, 3 continuous bullish gaps indicating bullishness... Gap up opening and filling the gap and again gap up opening ... this happens in the last 3 successive sessions.... In higher time frame price action is still bearish, After a strong break above the 19500 levels... a strong fall is observed up to 19300 levels... the liquidity grab on bottom side is finished... and now price is moving in a bullish channel,with 3 continuous bullish gaps.... if this move continuously happens to top side... tomorrow the liquidity on the topside @19650 levels will be finished soon. Keep safe...
NSE:NIFTY
by IIT-Trader
10
Nifty 50 Analysis for 9/1/2023Hello Traders, Today was challenging, with an expiry that wasn't particularly straightforward. I had initially planned to buy over 19232 with a stop loss of 10 points. However, as the market approached this level towards the close, it didn't seem like an attractive buy to me. Here's my analysis for the upcoming days: Nifty 50: Buy Recommendation: Consider entering around 19231, targeting 19330. Set a stop loss at 19210. Sell Recommendation: Look to sell only around 19452, but ensure there's a confirmation of an RSI SMA breakdown. Currently, I observe two resistance levels ranging between 19452 and 19482. Initiate a sell position when the price dips below 19452, targeting 19376. Personal Insight: I'm quite confident that 19232 is a robust buying zone. Additionally, I've noticed a significant bullish divergence on the 15-minute timeframe over RSI. If the market breaks below 19232, I anticipate a sharp decline to 18886. However, before such a move, the market might lure many into buying. Given the prevailing sentiment, many expect the market to breach the 19232 level. This makes me believe that market operators might capitalize on this sentiment, driving prices higher before offloading their positions. Disclaimer: Please note that I am not a SEBI registered trader. The above analysis is purely for educational purposes. Always trade at your own risk. Happy Trading, everyone! I welcome your suggestions and insights in the comments below. Warm regards, Kiran Angarkar
NSE:NIFTY
by kIRANANGARKAR
NIFTY INTRADAY LEVELS FOR 30/08/2023BUY ABOVE - 19370 SL - 19320 TARGETS - 19440,19470,19520 SELL BELOW - 19320 SL - 19370 TARGETS - 19230,19140,19070 Previous Day High - 19378 Previous Day Low - 19310 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY--Bullish or Bearish ??After a strong bullish gap...price reversed and entire day is trading in a bullish channel... at the end of the session broken the channel and retested... It has broken the trendline as well... so tomorrow opening is very important for us...to be bullish or bearish... If opens down and continue will enter short side on retracement... or opens down and unable to break high then also be on the short side... If opens up and gives us retracement will be on buy side...up to 19500 levels... After down opening if price consolidates mean...break down happens...we have bullish gap left below... Keep safe
NSE:NIFTY
by IIT-Trader
15
NIFTY INTRADAY LEVELS FOR 29/08/2023BUY ABOVE - 19320 SL - 19280 TARGETS - 19370,19440,19520 SELL BELOW - 19230 SL - 19280 TARGETS - 19140,19070,19010 Previous Day High - 19370 Previous Day Low - 19250 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 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty 50 Weekly Market OutlookWeekly Review Nifty 50 continued to fall for the 5th week straight. The index has retraced -3.64% from its all-time highs. Although in mid-week bulls tried to outnumber the bears as index witnessed a good rally till 19,585 levels but was soon rejected as it faced huge selling pressure pushing the index to 19,265 with a gap down opening the very last day of the week. Week Ahead : On Daily charts, the Nifty 50 index seems to form a falling wedge which shouldn’t go unoticed as we have seen a euphoric rally in past mid week. This indicates a strong push by bulls to regain their fort but that’s a conditional outlook if the index is breached beyond the falling trendline (downward sloping-upper trendline) with sustained move till 19,300-19,375. A break above 19,600 is a crucial resistance for any rally beyond that level and given the fact that market still holds 19,494 as crucial level. On the lower side if the selling pressure weighs heavy, a possibility of 19,194 , 19,076 and 18,977 can’t be ignored.
NSE:NIFTY
by chandakpulkit
NIFTY ANALYSIS FOR 25/08/2023BUY ABOVE - 19440 SL - 19400 TARGETS - 19470,19520,19580 SELL BELOW - 19370 SL - 19410 TARGETS - 19320,19260,19200 Previous Day High - 19585 Previous Day Low - 19370 TREND LINE ACTING AS A MAJOR SUPPORT FOR TOMORROW 19370 LEVEL 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 👍
NSE:NIFTY
by Jagadheesh_JP