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Niftytrend

NIFTY - On the verge of a correction There is a possibility that the market is being interrupted by the intersection of two strong resistances (mid-trend line intersection) which calls for a correction in the monthly time frame. However, the penultimate move is yet to be completed. The market is about to test the previous day's low @23,442.60 & after that, there will be a struggling upward move testing again at 23,664. The correction progresses from there to the 21,280 ~ 21,200 levels Today support for the upcoming penultimate move will be, SI - 23,442.60 SII - 23,435 ~ 417 SIII - 23,382 NO recommended SL for this trade setup (Any substantial increase above 22,664, calls off the trade). The resistance to the final move is 23,664 & is expected to surpass the said levels by a minimum margin. Trade accordingly.
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
NIFTY INTRADAY LEVELS FOR 21/06/2024 BUY ABOVE - 23580 SL - 23500 TARGETS - 23650,23730,23800 SELL BELOW - 23500 SL - 23580 TARGETS - 23430,23370,23300 NO TRADE ZONE - 23500 to 23580 Previous Day High - 23650 Previous Day Low - 23430 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
A Clear Breakout on HDFC AMC ChartHere you can witness a clear breakout of the Trendline in Blue Color and Resistance Level in Red Color, Which means this share is ready to enter in up-trend now. One can consider this share for a good return in the Long Term period. But for a short period, my defined targets are as below: Entry above - Rs 2000 1st Target - Rs 2200 2nd Target - Rs 2300 Long-Term Target - Rs 3000 Stoploss (Which needs to maintained) - Rs 1961 Note: Please discuss with your advisor before taking any trade as per my analysis.
NSE:HDFCAMCLong
by smartmarketview
NIFTY INTRADAY LEVELS FOR 20/06/2024BUY ABOVE - 23580 SL - 23500 TARGETS - 23650,23730,23800 SELL BELOW - 23500 SL - 23580 TARGETS - 23430,23370,23300 NO TRADE ZONE - 23500 to 23580 Previous Day High - 23650 Previous Day Low - 23430 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 19/06/2024BUY ABOVE - 23580 SL - 23500 TARGETS - 23650,23730,23800 SELL BELOW - 23500 SL - 23580 TARGETS - 23430,23370,23300 NO TRADE ZONE - 23500 to 23580 Previous Day High - 23500 Previous Day Low - 23370 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 moving forward on a parabolic curve.Nifty moving forward on a Parabolic curve. With no much negative trigger it is inching slowly towards the channel top shown in the parallel channel. When you lie by a sword you also die by a sword. When you move up on a parabolic curve there is also a possibility of a down side on a parabola it the rounding top is formed. So investors have to be careful about this and trade invest while keeping stop losses and trailing stop losses in proper place. Supports for Nifty currently are at 23491, 23335, 23201, 23050, 22894 and finally 22863 (200 hours EMA, Father line). Resistance on the upper side for Nifty are at 23562, 23579, 23669, 23785 and 23881 levels. Disclaimer: Spot nifty levels for education purpose only.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 18/06/2024BUY ABOVE - 23500 SL - 23430 TARGETS - 23600,23700,23800 SELL BELOW - 23370 SL - 23430 TARGETS - 23300,23230,23150 NO TRADE ZONE - 23370 to 23500 Previous Day High - 23500 Previous Day Low - 23370 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
Hyperbolic formation indicating we are on the sword edge. Hyperbolic formation indicating we are on the edge of the sword. Last time when Nifty saw this kind of Hyperbolic formation markets jumped from 22579 to 23338 and then market fell to 21821 and recovered to make an ATH high of 23490. Similar Hyperbolic formation is seen now indicating similar move on cards for Nifty. We are on edge of sorts where there is a feeling of overpriced market as well as upside potential oth looming large on the minds of retail investors, FII and DII. All the 3 are nullifying each others move and keeping the markets range bound. Anything can give way at any juncture. Supports for Nifty are at 23338, 23233 and 23000 range. Below 23000 levels bears will awaken and will try to pull Nifty to 22814 levels where it can get support of 200 hours EMA. On the upper side 23490. If we get a closing above 23490 it will open the doors for 23931 and further 24247 in the long term. Very interesting and rare formation of chart can be seen. Has Bull rally exhausted its steam or can they pull on for one more week or rest of the month is the question which will get the answer in next few sessions. Outlook is cautious but positive with small or medium correction on cards. Some sectors will still remain upbeat even in case of correction. Large portion of your portfolio should be allocated to Large cap now.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 14 JUNE 2024BUY ABOVE - 23400 SL - 23370 TARGETS - 23500,23600,23700 SELL BELOW - 23370 SL - 23440 TARGETS - 23300,23230,23150 NO TRADE ZONE - 23370 to 23440 Previous Day High - 23500 Previous Day Low - 23370 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
Fibonacci and Trendline resistance stopping Nifty.Last 4 days the fibonacci resistance and the trend line resistance are stopping Nifty from going ahead and growing ahead. This resistance is at 23338. If we get a closing above this level doors for the next Fibonacci resistance and target will open. In that case Nifty can reach 23450, 23542 or even 23897. In case the resistance acts and blocks Nifty from going further the support levels will be at 23205, 23060, 22772 and 22555 (50 Days EMA, Mother Line). Below this zone Bears will get some power and can drag Nifty to 22146, 21825, 21355 (200 Days EMA, Father Line) or even 21282. Let us see how US FED Pause is taken by the market tomorrow. There is also a talk by FED 1 rate cut during 2024. Nasdaq as of Now is positive indicating rally in IT continuing a little bit but let us see how it goes.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 13 JUNE 2024BUY ABOVE - 23400 SL - 23370 TARGETS - 23500,23600,23700 SELL BELOW - 23300 SL - 23370 TARGETS - 23230,23150,23080 NO TRADE ZONE - 23300 to 23440 Previous Day High - 23440 Previous Day Low - 23300 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 12 JUNE 2024BUY ABOVE - 23300 SL - 23230 TARGETS - 23410,23500,23600 SELL BELOW - 23230 SL - 23300 TARGETS - 23150,23080,23000 NO TRADE ZONE - 23230 to 23300 Previous Day High - 23410 Previous Day Low - 23230 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
Low of today is very critical support for Nifty.Low of today 23206 is very critical support for Nifty. If that is broken tomorrow or later during this week. It will be a typical sign of a top or double top formation. Indicating weakness which can find Nifty searching for supports. Supports for Nifty from current level are at 23206, 23074, 22995 (Mother Line Very Important support 50 hours EMA), Most critical support zone for Nifty In case of double top formation will be between 22712 and 22616(Father Line support 200 hours EMA). Below this zone will be Bear territory which can drag Nifty to 22408, 22094 or even 21268. On the positive side if the levels of 23206 is not broken. The resistances on the upper side or targets for Nifty can be 23339, 23412, 23542 or even 23700+(23500+ looks little optimistic rather than realistic looking at current formation of the chart.) There are some important events like US Fed rate hike decision. If there is no rate cut announced or if the commentary of US FED chairperson there is a possibility of profit booking by all counters. In case of a rate hike (unlikely) the Bull run can end for now. Watch out the Macro and Micro events like US FED Meeting and any development on allies of the ruling coalition in India behaving mischievously with caution. keep proper stop losses in place.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 11 JUNE 2024BUY ABOVE - 23300 SL - 23230 TARGETS - 23410,23500,23600 SELL BELOW - 23230 SL - 23300 TARGETS - 23150,23080,23000 NO TRADE ZONE - 23230 to 23300 Previous Day High - 23410 Previous Day Low - 23230 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