Was an Expiry ?Nifty has to close a good 2% up so convince me that she has turned her back to the bears. Till then everything looks red. The world is red. Money from Mauritius is keeping us RED. DII's will get a good deal on good stocks.
Niftytrend
#NIFTY Intraday Support and Resistance Levels -19/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22000 level and then possible downside rally up to 21880 & this rally can extend another 120 points if market gives breakdown 21860 level in today's session. in case nifty trades Above 22050 level then the upside target can go up to the 22170 level.
Five waves and three correction waves are possibleEsteemed 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,
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NIFTY INTRADAY LEVELS FOR 19/04/2024BUY ABOVE - 22050
SL - 22000
TARGETS - 22080,22120,22160
SELL BELOW - 21960
SL - 22000
TARGETS - 21920,21880,21840
NO TRADE ZONE - 21960 to 22050
Previous Day High - 22320
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.
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HAPPY TRADING 👍
Weekly Close CrucialWeekly Candle will have to reverse drastically and close above the marked levels OR we are going below 22000
#NIFTY Intraday Support and Resistance Levels -18/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22200 level and then possible upside rally up to 22320 level in today's session. in case nifty trades below 22150 level then the downside target can go up to the 22030 level.
NIFTY INTRADAY LEVELS FOR 18/04/2024I'M BACK TO TRADINGVIEW AGAIN - Let's Do Rock the Levels With me -
How Many People are Happy Now
BUY ABOVE - 22210
SL - 22160
TARGETS - 22270,22320,22360
SELL BELOW - 22120
SL - 22160
TARGETS - 22080,22050,22020
NO TRADE ZONE - 22120 to 22210
Previous Day High - 22210
Previous Day Low - 22080
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 👍
#NIFTY Intraday Support and Resistance Levels -16/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22260 level and then possible downside rally up to 22140 & this rally can extend another 120 points if market gives breakdown 22120 level in today's session. in case nifty trades Above 22300 level then the upside target can go up to the 22420 level.
Market Outlook:Market Outlook:
The factors related to Israel and Iran Conflict will e the leading cause for market and moves rather than other local or Techincal factors for the next few days it seems. However the Support and Resistance levels seem to be as under.
Nifty Resistance: In case there is some positive news of tension related to conflict decreasing will be at 22424, 22534 and 22620.
Nifty Supports: In case there is further escalation in conflict which looks more likely will be at 22622, 22112(Major support from where Nifty can bounce), 22008, 21711.3. If 21711.3 is broken we can see the levels of 21149 or even 20753.
Shadow of the candle is negative and anyway Global factors specially Iran and Israel will be decisive force driving the Nifty for next few days it seems.
Review and plan for 16th April 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
#NIFTY Intraday Support and Resistance Levels -15/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22500 level and then possible downside rally up to 22380 in today's session. in case nifty trades Above 22530 level then the upside target can go up to the 22650 level.
Nifty broke a major support and is near a crucial support. As depicted in the last message. Nifty was near a crucial resistance zone which is between 22770 and 22808. Nifty fell sharply from these levels triggred by possibility of a major 3rd World War like crisis due to Iran and Israel conflict. Now Nifty is below a major resistance that is 22567 and just above a major support level near 22511. Any further escalation in war has potential to make Nifty plunge into a nose dive towards 22416 or 22309 levels. If 22303 levels are broken Nifty can further fall quickly towards 22K levels or below. However if there is de-escalation we can see a relief rally in Nifty with resistances at 22567, 22622 and 22689 levels. In case of Nifty rising this week again 22770 to 22808 zone will be a very nasty resistance to cross. Shadow of the candle is neutral as of now and anything can happen due to global factors. Local factors are in favour of investors and fall if any can be used to invest and bottom fish.
Nifty View for upcoming monthsWe can see some correction about 7-8% in upcoming days and will see some bullish momentum after postive election results
Detailed Weekly Analysis for Nifty.
This is the Monthly chart to understand the biggest picture for Swing positions.
This is a Potential Weekly Demand which has the power to turn around the game in the buyers side. Now in order to reach this Demand Price needs to reach some Supply and then retrace down into this Weekly Demand.
Further down in Daily chart we see there is a "Violated Daily Demand", this clearly indicates Sellers have just become more powerful and we also have a Fresh Daily Supply which is a Source Supply for a Downtrend till the Weekly Demand shown in the 1st figure.
This is the Demand Supply Equilibrium Curve from potential Daily Supply to Potential Weekly Demand, wait for the Price to reach the Daily Supply and further the Curve tells us where the Price is on the curve and accordingly decide the Trade.
#NIFTY Intraday Support and Resistance Levels -12/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22720 level and then possible downside rally up to 22600 in today's session. in case nifty trades Above 22760 level then the upside target can go up to the 22880 level.
Again Nifty reaches a difficult resistance Zone. Again Nifty has reached a difficult resistance zone which is between 22773 and 22808. This is a difficult zone to cross as it has a fibonacci resistance as will as the ATH Resistance. If we get a gap up opening and a nice sustenance there after above this resistance it can resolve the problem of the resistance band. In this case further resistances will be in the range of 22898 and 23018. In case the zone acts as a difficult zone to conquer the supports for Nifty will be near 22622, 22561 and 22422. Shadow of the candle is neutral but momentum is positive so it will be an interesting day Bulls and Bears both will try to snatch the initiative. Also weekly closing has potential to keep things more interesting.
#NIFTY Intraday Support and Resistance Levels -10/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22670 level and then possible upside rally up to 22790 level in today's session. in case nifty trades below 22620 level then the downside target can go up to the 22500 level.
Profit Booking seen after Nifty makes new high. Nifty in the early morning trade made a high of 22768.4 thereafter there was profit booking seen as expected post most highs. While receding the Nifty has taken support at 22622 and closed the day at 22642.75. These 2 levels will be important levels going forward. In case of further continuation of bull rally if we get a closing above 22769 the New targets or resistance zone for Nifty will be zone between 22769 to 22808. Closing above 22808 will open the doors for 22898 and 23000+ targets. In case the resistance zone between 22769 and 22808 is too tough to cross the support zone will be 22622, 22509, 22422, 22309 and finally 22250. Below 22250 Nifty becomes weak and Bears will try to snatch the control. Shadow of the candle right now is neutral today.
Nifty struggle to go past its recent highThe Nifty is as seen on charts, have an unclear structure, the two demand zones might push the price higher for a new high. If the market continues to struggle here, the price will fall to the next demand zone
#NIFTY Intraday Support and Resistance Levels -09/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22680 level and then possible upside rally up to 22800 level in today's session. in case nifty trades below 22640 level then the downside target can go up to the 22520 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(09/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session.Any Major downside only expected in case banknifty starts trading below 48450 level to 48050 level.
Closing above 22629 has ensured it is a cup and handle BO. Closing above 22629 has ensured it is a cup and handle Break Out for Nifty. Now the only major hurdle remaining between another leg of bull run and consolidation is the resistance at 22701. Once 22701 is crossed next targets for Nifty will be 22803(Major Resistance), 22910, 23047 and 23220. If the breakout fails and Nifty is not able to cross 22701 swiftly the support levels will be at 22619, 22536, 22454 and finally 22219. Bears will awaken from coma only after we get a closing below this level till that time enjoy the bull run. Perhaps some consolidation might also be seen before some further progress in unlikely circumstances. Right now it is a one horse race for bulls and shadow of the candle is positive.
