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Nifty stopped at Mid-Channel resistance of hourly channelNifty today stopped at mid-channel resistance of hourly channel. holding above 50 hours EMA (Mother Line) was a significant step in recovery towards recent high that Nifty made earlier this month. Supports for Nifty 50 remain at 21302 and 21258 (Major support - 50 hours EMA) mother line. If we get a closing next week below 21258 the Nifty can fall further to 21113 or 20980 levels. Trend can change to negative if we get a closing below 20777. Bear can awaken from coma if and only if we get a closing below 20641 (200 Hours EMA)(Father Line). Resistances on the way up will be at 20397, 21483 and previous high around 21593.
NSE:NIFTYLong
by Happy_Candles_Investment
22 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap up After A gap up opening if Banknifty sustains Above 48000 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48500 If the Banknifty gap up opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47300, T2-47200,T3-47000 Major Levels 48000,47500,48200 If the market stands in this area of 48000 to 48200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
21 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap down After A gap down opening if Banknifty sustains Above 47000 and takes Support from 47000 then open target for T1-47200, T2-47300,T3-47500 If the Banknifty gap up opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47300, T2-47200,T3-47000 Major Levels 47000,47500,47200 If the market stands in this area of 47000 to 47200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
NIFTY prediction for today 20 Dec 23As we discussed, nifty will be forming a double top. It has completed the double top, and 21500 worked a nice resistance. Now, for today, 21500 will be acting as a nice deciding line. If it breaks above and consolidates upside, then it might go higher; otherwise, 21500 might work as a turning reversal point for Nifty. Reasons: DOUBLE Top formation is already completed. In the last 30 minutes, there was a lot of pressure from sellers with great power. (Bearish) Ascending triangle pattern completion is there, which shows the trend might continue. OI has PCR 0.99, is bullish, and 21400 has quite nice additional PE writing. (bullish) RSI is 40-60, which means it is mostly sideways. Price > EMAs(13,50,200) shows bulls are still having market control. (Bullish) 21300 will be providing a nice price action support point. If it breaks to the upside, 21650 will provide a nice target point. Verdict: If it breaks to the upside, Sideways or Bearish might go bullish. Plan of action: Observe 15-minute candles and be on the selling side. Follow the analysis.
NSE:NIFTY
by finnova_
20 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap up After A gap up opening if Banknifty sustains Above 48000 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48500 If the Banknifty gap up opening sustains Below 47600 and takes resistance below 47600 then the open Targets for T1-47500, T2-47300,T3-47200 Major Levels 48000,47800,47000 If the market stands in this area of 48000 to 47800 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
19 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap down After A gap down opening if Banknifty sustains Above 48000 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48500 If the Banknifty flat opening sustains Below 47600 and takes resistance below 47600 then the open Targets for T1-47500, T2-47300,T3-47200 Major Levels 48000,47800,47000 If the market stands in this area of 48000 to 47800 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
18 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap down After A gap down opening if Banknifty sustains Above 48200 and takes Support from 48200 then open target for T1-48300, T2-48400,T3-48500 If the Banknifty flat opening sustains Below 48000 and takes resistance below 48000 then the open Targets for T1-47800, T2-47700,T3-47600 Major Levels 48000,48200,47800 If the market stands in this area of 48000 to 48200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
Profit booking ahead of FOMC meet was expected. Profit booking in the market ahead of FOMC meet of US Fed was expected. There is a widespread noise of US Fed raising the rates by 25bps in the worst case 50bps. Market has today factored in 25 bps rate hike. However if there is a surprise tomorrow market can tank further. A positive surprise no no rate hike can again reignite the rally. All eyes on US Fed now. Supports for Nifty from this level are at 20867, 20796 to 20708 (will be strong support zone), 20605 and finally 20506. Resistances on the upper side are at 21026(Strong Resistance), 21125 and finally 21254 will be the top of current hourly parallel channel.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Prediction for tomorrow 12 Dec 23As we discussed yesterday, NIFTY did take resistance from the given resistance line and was sideways the whole day. For tomorrow, Nifty is expected to move into the inner zone. Two possible cases are explained in the chart. In case 1, it will be sideways in close range. If case 2, it might give you a little momentum to the downside. Reasons: EMA 50 is providing a nice support. on the upside trendline provides a nice resistance trendline. 20850 will be acting as a good Price action support point. PCR 0.93, which is bullish, but if we check OI the whole day, it was more of a round-off. Few new positions were created. People are waiting unless it's direction to be decided. RSI is 40-60, which is mostly sideways. according to OI 21000, it is working as MAX Pain, which is also a good psychological level. Price > EMAs, which means bulls are strong. Verdict : Sideways Plan of action: Sell 21000 CE and protect it with hedging.
NSE:NIFTY
by finnova_
2
NIFTY INTRADAY LEVELS FOR 08/12/2023BUY ABOVE - 20960 SL - 20900 TARGETS - 21020,21080,21160 SELL BELOW - 20850 SL - 20900 TARGETS - 20800,20740,20690 NO TRADE ZONE - 20890 to 20960 Previous Day High - 20960 Previous Day Low - 20850 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 is Overbought currently in need of consolidation.With 21K in touching distance, Nifty is Overbought currently in need of consolidation or I dare say, little correction. However there is also a Hammer candle formation towards the top also indicates there might be some strength left in the rally on the back of Fresh spree of FII buying. Resistances on the upper side before we reach 21K is today's high 20961. With the closing that we received earlier this week. The long term channel towards 22K+ is also open now. Supports on the lower side are near 20852, 20715, 20518 and 20315.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Important levels for today 6 Dec 2023 NSE:NIFTY Important levels for today 6 Dec 2023 I am sharing crucial NIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach. This channel is dedicated to sharing my expertise in trading strategies, technical analysis, and market trends. My goal is to assist you in making well-informed decisions throughout your trading endeavours. Stay tuned for daily updates, comprehensive market analyses, and real-time trading scenarios. Witness firsthand our journey from novice to expert in the trading world. My sole objective is to empower you with the knowledge and skills needed to navigate the intricacies of financial markets successfully. Identified through price action, major support and resistance levels are marked with lines as resistances and supports. If the price breaches a support or resistance, it is likely to move towards the next corresponding level. Important Note: These levels are intended for intraday trading purposes only. Disclaimer: All information provided on this page is for educational purposes. We are not SEBI Registered. Please consult a SEBI registered financial advisor for personalised advice before making any investment decisions. We are not responsible for any profits or losses incurred. Your support and engagement are appreciated. Kindly like, comment, and follow to show encouragement.
NSE:NIFTY
by sugatmankar