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Niftytrend

NIFTY 780+ Points and RunningGUY! Look what I ve been able to catch! 780+ points on NIFTY and still running. Closed position partially. 25% still open position, Iam gonna let it run till the price crosses above the Risological Astra dotted line. The Risological astra shows there is a little more room for a dip before a reversal. Let's wait and watch. Furthermore, the election results are round the corner, so expecting crazy moves soon. I will update with fresh opportunities. Watch this space or follow my profile to catch moves.
NSE:NIFTYShort
by ProfitsNinja
NIFTY INTRADAY LEVELS FOR 13/05/2024BUY ABOVE - 22070 SL - 22020 TARGETS - 22120,22180,22240 SELL BELOW - 22020 SL - 22070 TARGETS - 21960,21900,21850 NO TRADE ZONE - 22020 to 22070 Previous Day High - 22120 Previous Day Low - 21960 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
Analysis for Nifty Swing Position We have a Fresh 3H Demand which is the Source of the Uptrend till the Destination Fresh Weekly Supply. Further in lower timeframe we will check for a confirmation We see how the price has been moving making new lows ands new Highs until it reaches the 3H Demand and after reacting to the 3H Demand we see that Price has violated its previous high and now we also have a fresh Demand in 1H chart. This 1H Demand is the Potential Trade Demand with an Amazing Reward to Risk Ratio. But the Price where it reaches the Weekly Supply we are looking for a big downward move from this Weekly Supply hence make sure to exit on time.
NSE:NIFTYLong
by WavesandZones
Can Channel Bottom Support save Nifty?As you can see Nifty is resting very timidly at the bottom of the channel after confirmation of H&S Break down. Most of the indices were thrashed like bowlers are thrashed in IPL matches this season. If Nifty has to recover it has to be done in next couple of sessions that is Friday or Monday. If the current support around 21900 is broken the next supports are only at 21769, 21543 and finally 20991. Below these levels more pain will be there in the system and Bears will become even more powerful. Resistances on the upper side now are at 22096, 22231 (Mother Line Support) (50 EMA), 22311 and 22502. Shadow of the candle is looking negative but bears will try to give a fight for sure if not tomorrow very soon.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 10/05/2024BUY ABOVE - 22070 SL - 22020 TARGETS - 22120,22180,22240 SELL BELOW - 21960 SL - 22020 TARGETS - 21900,21850,21800 NO TRADE ZONE - 21960 to 22070 Previous Day High - 22300 Previous Day Low - 21960 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
Dangerous H&S Pattern forming on Nifty.(Pending confirmation)A Dangerous Head & Shoulders Pattern is forming on Nifty charts.(Pending confirmation) If we get a confirmation candle tomorrow or if the support zones of 22240 to 22186 are broken and if we get a closing below 22186 there will be confirmation for the same. If we get a confirmation of Head and shoulders pattern bears will have potential to drag Nifty further down to 21962, 21769, 21543, 21142 or even 20968 levels in a short to medium term. In that case I will consider it a buying opportunity only. Things will start to become sour only if we get a monthly closing below 20968 levels. On the brighter side today Nifty has taken a support at 50 days EMA. (Mother line). In case bulls are able to take control from here on the levels on the upper side will be at 22488, 22592, 22691 and finally 22800 levels. If Bulls have to fight back it has to be in next 2 or 3 days. Shadow of the candles is neutral right now.
NSE:NIFTY
by Happy_Candles_Investment
2
NIFTY INTRADAY LEVELS FOR 09/05/2024BUY ABOVE - 22350 SL - 22300 TARGETS - 22420,22470,22510 SELL BELOW - 22240 SL - 22300 TARGETS - 22200,22160,22100 NO TRADE ZONE - 22240 to 22350 Previous Day High - 22350 Previous Day Low - 22200 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
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NSE:NIFTY1!
by ReviveTraders
Falling down ... Falling down!!Nifty spot and FUT, both settled at crucial levels marked in our previous analysis. This is the level that has to be protected for Nifty to stay "NOT BEARISH" at least. Now with an even in sight, I am not sure how it will behave. My previous narrative was that Nifty would stay at ATH levels and with the election result, would fall. But now it seems like there is a different narrative playing out. In the opposite scenario, Nifty should visit 21750 levels and consolidate there, to rally on "surprisingly" (Sarcasm intended) good results for BJP with a stable Govt.
NSE:NIFTY1!Short
by OldMonk13
NIFTY INTRADAY LEVELS FOR 08/05/2024BUY ABOVE - 22350 SL - 22300 TARGETS - 22420,22470,22510 SELL BELOW - 22240 SL - 22300 TARGETS - 22200,22160,22100 NO TRADE ZONE - 22240 to 22350 Previous Day High - 22510 Previous Day Low - 22240 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
Bearish market scenarioEsteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody Bull market scenario
NSE:NIFTY1!
by mehdi47abbasi79
Long term NIFTY wave counts - potential downside ahead!I was reviewing long term EW counts of NSE:NIFTY and here is what I think. Overall, I can see potential 2 alternatives and have highlighted them in blue and red respectively. This is a monthly chart. Blue Alternative Let's start with blue counts first. Larger degree wave 1 (marked by square blue box) which started from Covid lows of March 2020, ended in October 2021. Wave 1 is the same for both blue and red alternatives since there is no confusion till that point. But from that point onward, things change. I have marked the correction in larger degree wave 2 (marked by square blue box) as a W-X-Y correction which ended in March 2023. From there, I am assuming a larger degree wave 3 started. Within the larger degree wave 3, we seem to be near completion of the minor degree wave (i) of larger degree wave 3. This is marked in black since wave (i) of 3 in the red alternative also ends at the same point even though counts for the red alternative are different. We can see the red bar forming for this month but this is too early to say if we'll get a negative close for this month. However, wave v of (i) has an ending diagonal look (more clearly visible in lower timeframes). Plus, we can see massive negative divergences in RSI and momentum oscillator which suggests that a correction is due. Make no mistake - correction will occur soon. If not this month, then maybe next month. For the uninitiated, ending diagonal (ED) is typically the last leg of a move. In this case, it should be signaling the ending of wave (i) of 3. Now, before we come to the size of the correction, let's take a look at the red alternative. Red Alternative Larger degree wave 1 remains the same in red alternative as mentioned earlier. However, in this alternative, larger degree wave 2 (marked by square red box) ended in June 2023 followed by immediate start of larger degree wave 3. In this alternative, we are taking all follow-up moves as i-ii-i-ii-iii-iv-iii-iv-v. Don't worry about this count, just understand that this move (first leg (i) of larger degree wave 3 ) also seems to be ending exactly where blue wave count suggests, i.e. possibly this month end or next. I can't confirm now since this month's candle is still forming. Conclusion Both wave counts suggest that minor degree wave " (ii) of 3 " (marked in black on the right most part of the chart) should begin soon, if not already started. Finally, coming to the size of this move, if we go by blue alternative, 38.2% retracement level is around 20500 and 50% is around 19800. And if we go by the red alternative then 50% retracement is around 19000, 61.8% is around 18100. At the minimum, I would expect 19200-19500 levels (38.2% retracement) if the red alternative is in play. So which one is going to happen? To be honest, I have no idea but we can go with the least of both alternatives at a tentative level and refine as the move evolves. That gives us 19800 which is still more than 2000 points correction from current levels. 20 month moving average is currently at 19675, and rising. This potentially makes 19800 a viable target in a month or two. Happy (wave) counting ;-)
NSE:NIFTYShort
by YetAnotherTA
NIFTY INTRADAY LEVELS FOR 07/05/2024BUY ABOVE - 22470 SL - 22420 TARGETS - 22510,22550,22600 SELL BELIW - 22420 SL - 22470 TARGETS - 22360,22270,22210 NO TRADE ZONE - 22420 to 22470 Previous Day High - 22600 Previous Day Low - 22420 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