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NIFTY INTRADAY LEVELS FOR 04/10/2024BUY ABOVE - 25310 SL - 25240 TARGETS - 25380,25440,25490 SELL BELOW - 25240 SL - 25310 TARGETS - 25190,25130,25080 NO TRADE ZONE - 25240 to 25310 Previous Day High - 25620 Previous Day Low - 25240 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 👍
NSE:NIFTY
by Jagadheesh_JP
1
Nifty Next MoveNifty almost gave a massive down trend its likely a retracement and we can see its already brake a trend line liquidity we can expect 60 %retracement or full retracement as Extreme ob area we can expect buy area from these ob areas happy trading 🥰 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
NSE:NIFTYShort
by TRADING_MASTER_DAVIS
GIFT Nifty 50 Index Futures AnalysisThe chart of GIFT Nifty 50 Index Futures shows a well-established upward trend, with the price action respecting key Fibonacci retracement levels. Here’s a professional analysis: Key Support and Resistance Levels: Resistance: The index is nearing the 0.00% Fibonacci level at 27,316.5, which could serve as an immediate resistance zone. A break above this level may lead to further bullish momentum. Support: The nearest support is at the 23.60% retracement level (25,883.5) , which coincides with the recent pullback. If this level breaks, the next significant support lies around the 38.20% retracement level at 24,997.0. 50.00% retracement level (24,280.5) marks another key support level that has historical significance based on past price action. Stronger support is found at the 61.80% retracement level (23,564.0) , which could potentially act as a long-term pullback zone if the index experiences a deeper correction. Trend Analysis: The chart is trending within an ascending channel, suggesting ongoing bullish momentum. However, the index has recently seen a pullback after reaching higher levels. The confluence of Fibonacci levels suggests that any decline towards 25,883.5 could be a healthy correction within the trend, potentially providing a good buying opportunity. Pullback Zones: The 25,883.5 level (23.60%) will be the first area to watch for a pullback. A break below this level might signal a more extended retracement to the 24,997.0 (38.20%) or 24,280.5 (50.00%) levels. If the selling pressure intensifies, the 61.80% level at 23,564.0 becomes a critical zone for reversal or accumulation. RSI and Volume: The RSI is in the overbought territory, signaling that a pullback may be imminent. This could indicate that the index needs to cool off before continuing its uptrend. Volume shows increasing activity, which supports the current trend, though declining volume during the recent upward move could hint at weakening buying pressure. Conclusion: Overall, the GIFT Nifty 50 Index Futures remain in an uptrend, but caution is warranted due to the overbought RSI and proximity to key resistance levels. Watching for potential pullbacks to the 23.60% and 38.20% retracement levels may provide favorable entry points for long-term bullish traders, while breaks below the 50.00% level could signal a deeper correction. This neutral outlook focuses on price action, with both upside potential and correction zones clearly defined.
NSEIX:NIFTY1!
by AngshumanSaikia
NIFTY INTRADAY ANALYSIS FOR 27/09/2024BUY ABOVE - 26250 SL - 26150 TARGETS - 26350,26460,26560 SELL BELOW - 26150 SL - 26250 TARGETS - 26050,25980,25920 NO TRADE ZONE - 26150 to 26250 Previous Day High - 26250 Previous Day Low - 25980 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 26/09/2024BUY ABOVE - 26050 SL - 25980 TARGETS - 26150,26250,26320 SELL BELOW - 25920 SL - 25980 TARGETS - 25860,25790,25700 NO TRADE ZONE - 25920 to 26050 Previous Day High - 26050 Previous Day Low - 25860 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 25/09/2024BUY ABOVE - 25950 SL - 25860 TARGETS - 26060,26160,26250 SELL BELOW - 25910 SL - 25980 TARGETS - 25860,25790,25700 NO TRADE ZONE - 25910 to 25980 Previous Day High - 25980 Previous Day Low - 25910 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 24/09/2024BUY ABOVE - 25950 SL - 25860 TARGETS - 26060,26160,26250 SELL BELOW - 25860 SL - 25950 TARGETS - 25790,25700,25610 NO TRADE ZONE - 25860 to 25950 Previous Day High - 25950 Previous Day Low - 25860 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 👍
NSE:NIFTY
by Jagadheesh_JP
2
NIFTY INTRADAY LEVELS FOR 23/09/2024BUY ABOVE - 25800 SL - 25700 TARGETS - 25900,26000,26100 SELL BELOW - 25700 SL - 25800 TARGETS - 25610,25550,25490 NO TRADE ZONE - 25700 to 25800 Previous Day High - 25800 Previous Day Low - 25440 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 👍
NSE:NIFTY
by Jagadheesh_JP
2
#nifty50 analysis for upcoming week 23-27th Sept 2024The #Nifty50 soared to a new all-time weekly high of 25,791, gaining a remarkable 430 points from the previous week's close. It reached a peak of 25,849 and a low of 25,285. As predicted, the Nifty has been trading within the 25,810-24,750 range. For the upcoming week, I anticipate a trading range of 26,400-25,200 . A breach of these levels could ignite significant market volatility. As highlighted last week, the strong Fibonacci level of 25,810 is crucial. If the Nifty closes above this level next week, be prepared for a potential rally towards the next magical level of 26,990 or 27,000. Although reaching these levels may take some time, it's essential to be positioned for such a move. Meanwhile, the S&P 500 finally broke through the strong resistance of 5,637, thanks to the Federal Reserve's rate cut. If it can maintain above this week's high of 5,733, we could see further gains towards resistance levels of 5,800, 6,000, or even 6,140. Since the S&P 500 has surpassed a significant Fibonacci level, it's poised to potentially reach another strong Fibonacci level of 6,959, which is 20% higher than current levels. Such a move would likely propel the Nifty towards 27,000. A breakdown below this week's low of 5,604 would indicate a failed breakout and could lead to a test of support levels at 5,445 or 5,432. Exciting times are ahead!"
NSE:NIFTYLong
by ssudhirsharma11
NIFTY Market Insights: Anticipating significant shiftsDear Traders, I trust this message finds you well in both your trading endeavors and personal pursuits. I am pleased to present a compelling opportunity through a new NIFTY analysis that indicates an imminent significant market shift. The recent upward surge in the market has prompted concerns, as my analysis over the past two months has consistently pointed to an anticipated correction owing to market overvaluation and distinct completion patterns. Technical details: I. Resistance I: 25,388 ~ 25,430 (Extended trend line from 17th JUN'22) II. Resistance II: 25,490 ~ 25,510 ~ 25,526 (Conj. Extended trend line from 24 JAN'24 & 24 JUN'24) III. Resistance III: 25,590 (Extended trend line from 29 FEB'16 – Long & strong Resistance) Please note that these values serve as indicative levels of support and resistance. The wave patterns depicted in the diagram, signal completion of the trend. Additional observations: Time series Forecasting: Top - Top - Today (04/09/2024) = 1690 D from 20jan'20 (1710 = 360*4 + 270) = 1053 D from 19oct'21 (1080 = 360*3) = 644 D from 01dec'22 (630 = 360+270) = 356 D from 15sept'23 (~360) Bottom – Top - Today (04/09/24) = 1626 D from 24mar'20 (1620 = 4*360+180) = 811 D from 17jun'22 (810 = 720 + 90) = 315 D from 26oct'23 (exactly an important angle) = 535 D from 20mar'23 (540 = 360 + 180) Given these short and long-term observations, the time resistance(s) are notably robust. Historical Repetition: The ongoing 14-day winning streak, continuously setting new records, typically precedes short-term corrections ranging from 3% to 24%, as historically observed. For instance, in May 2006, Nifty’s non-stop 9-day rally culminated in a 24% index decline in the subsequent month, while a similar trend in February 2000 resulted in an 11% decline in the subsequent month. Consequently, a market breather is anticipated, with profit booking potentially driving the market to deeper levels before embarking on a new uptrend (anticipated correction in the monthly scale, evident in the 3M time frame). Further details will be provided as the market unfolds. A correction of this magnitude is expected to materialize, with the following scenarios: The initial focus is to prioritize the trend line-based correction scenario. The primary support levels are identified at 23,100. Any subsequent breakout will result in distinct scenarios. Scenario 1: From 15,183.40, retracement towards 21,500 = 4,000 pts (38.2%R) (-12 to 15%), highly probable given the aforementioned reasons. Scenario 2: From 16,828, retracement towards 21,100 levels = 4,400 pts (50%R) (-13% to 17%), also plausible within the realm of reality. One of these scenarios is poised to unfold as the market progresses into correction. Fed and Markets: Considering the correlation between interest rates and market fluctuations, it is wise to take them into account. Typically, their relationship is inversely proportional. However, the Fed has been delaying the easing process due to economic conditions such as employment and inflation data. This month may bring many surprises. If everything goes according to plan, interest rates will be reduced, theoretically boosting investment in gold and stock markets. On the other hand, if the dovishness in the rate decision continues, it will likely unsettle the markets, at least in the short term. Further data releases this month will help in forming a consensus. IMPORTANT DATES TO REMEMBER!!! Sept - 5, 6, 11, 12, 18 (FOMC) Strategy: 1. Being bullish beyond this point is not recommended. 2. Bearish bets are prudent from 25, 300 – 350, 400 for FOMO traders. Risky traders may consider waiting for the 25,500 levels to be tested. Disclaimer: Before concluding, I must underscore that the insights shared are based on my analysis. It is imperative for you to conduct your research and, if necessary, consult with a financial advisor before making any trading decisions. The dynamic nature of financial markets necessitates that your strategies align with your financial goals and risk tolerance. Your feedback is genuinely appreciated, and I would encourage you to share your thoughts in the comments section. I am committed to engaging with each response. Fellow Traders, Countless hours of dedication and effort have gone into creating this valuable analytical resource. If you find it useful, I humbly ask for your support by liking and following me. Your comments and thoughts on this idea are highly valued, and I am committed to engaging with each one personally. Thank you for investing your time in reading this article, Your readership is greatly appreciated. Wishing you profitable and joyful trading!!!
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan