RSI Divergence Also there is a formation Bearish RSI Divergence daily chart. On 15 January index reached a high of 22115 and the RSI value was at 74 today index reached a new high of 23043 but the RSI was at 67 this is a clear formation of RSI divergence. by TarunShandilRAUpdated 4
NIFTY S/R for 5/6/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.by zenthosh0
200 Days EMA comes to rescue of the market. 200 Days EMA comes to rescue of the market. Market which was shocked by the unexpected result was rescued by 200 days EMA today. You can see how it is supportive of Mother Father small child story that I propagate. PAPA line came to support of the falling market and there was a 603.05 points recovery. However the fall is 1379.4 points devastating fall. We can hope for a recovery if the levels of 21247 holds. However the most important resistance will be the MOTHER line of 21404. These two are the most important levels to track for this week and rest of the month. We can expect a recovery on announcement of a stable Government. Many stocks including PSU are coming near mouth watering levels with respect to Dividend yield. Other stocks which have nothing to do with result of the election have also taken a beating even though they were / are on a growth trajectory. So be wise and choose diamonds from the ruins. by Happy_Candles_Investment2
NIFTY | Neutral over Support AreaHello there, Nifty couldn't break below 21341.40, suggesting a bullish sentiment; if the price goes below that level, then the trend will turn bearish. Currently, the overall price is stagnant over a support area with the potential to break above the 22392.90 high. The bias is 24828.05, with one potential target of 24336.55. Fundamental Point Summaries: D-Street Settles at Record High: The Indian stock market, led by Modi stocks, surged 2,507 points, with the Nifty topping 23,250. Nifty 50 Crosses 23,300: The Nifty 50 index reached a new high of 23,300, driven by the Modi wave and exit poll euphoria. Nifty Bank Crosses 50,000: The Nifty Bank index crossed 50,000 for the first time, indicating a strong rally in the banking sector. Nifty Pharma Advances 0.36%: The Nifty Pharma index closed 0.36% higher at 18,864.15. Nifty Stocks Hit 52-Week Low: Amid the sharp pullback on the D-Street, three Nifty stocks hit their fresh 52-week low on June 4, 2024 Happy Trading, K.Longby Khiwe2
NIFTY 50 how was your trade, traders? today market has touched it support 1 level closing with bearish candle.....if anyone expecting to but then it gonna be for a little while...coz tomorrow market will be taking another support level 2, then will decide where it gonna close....night be giving hammer, bullish engulfing, or doji again...…..Shortby dasamryt0
Nifty DivergencesNifty Divergences On a weekly timeframe, Nifty 50 Index is making obvious divergences Price is making a new high while MACD histogram is in a downward slope Price is making a new high while the Force Index is dropping even below the 0 line today. One positive aspect for the bulls, though, is that it found support exactly where it was needed the most. On the centre line Are you a bull or a bear here? by WavesInvesting1
3rd Target 1.2 Fibonacci Retracement Reached & BreakoutNifty 50 after Breakout, 1st Target 0.5 Fib, 2nd Target Channel Bottom, 3rd Target 1.2 Fib Retracement. Refer this images: Trendline Breakout, 1st Target, 2nd Target, 3rd Target Shortby SasikumarMani4
Nifty range till 4th June 2024Chart is valid till 12 Noon, 4th June 2024. Bottom range 22100 to 21650 Max. For every new Bull run we need some correction to take fresh positions. 4th June a big event day in Indian History. We are going to witness 3rd Term of Modi Govt. Only Point is important for market No of Seat BJP+ is winning. BJP+ Winning Seat > 368-375 bottom line and upside it go till 410-424.Shortby GvermaUpdated 0
Down Trend start, Next Target is the Channel Bottom.Nifty 50 coming down side, because Trendline breakout is the one of the Confirmation and also did not closing above the Channel Pattern. I want to help people to Make Profit all over the World. Refer this link : Shortby SasikumarManiUpdated 4
The Writing on the Wall!The drop was evident and the support should hold. Check my previous idea and you will know. Those into Futures should hold onto whatever you have, if you are into longLongby debjit620
Fibo gives important levels for the Election rally. Election rallies can be considered as Bull Rallies on Dope they are extremely fragile at the same time they can break all the resistances in their way like a mad bull in rage. Expecting an extremely volatile day tomorrow. But space to grow on upper side is very limited. The RSI indicating market is close to becoming overbought but an election result which market expects can further the boundaries. Important Resistance levels: 23338 and 23537. Important Support levels: 23109, 23058, 22806 and 22559. Tipping point into bear territory will be a closing below 22417. by Happy_Candles_Investment1
NIFTY INTRADAY LEVELS FOR 04 JUNE 2024BUY ABOVE - 23340 SL - 23270 TARGETS - 23400,23500,23600 SELL BELOW - 23200 SL - 23270 TARGETS - 23100,23000,22900 NO TRADE ZONE - 23200 to 23340 Previous Day High - 23340 Previous Day Low - 23100 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 👍by Jagadheesh_JP2218
NIFTY Trading Plan for June 4, 2024 Market Overview: Given the current volatile market environment due to the ongoing general election vote counting, NIFTY experienced an action-packed session and closed above all intraday targets. The trading session on Tuesday, June 4, 2024, is expected to be highly volatile. Below are the detailed trading levels and strategies for different opening scenarios: Gap Up Opening: Action: Buy on gap-up opening above 23,400. Target: 23,689 - 23,817. Strategy: Wait for a breakout within this range for further buying opportunities. Stop Loss: 23,190. Scenario: If prices trade below 23,170 without breaking Monday’s high and sustain this level for the first hour, prices may decline to 22,967 – 22,915. In this range, traders should consider entering on the buying side. Flat Opening: Scenario: If opening below 23,300. Price Movement: Prices might trade sideways between 23,300 and 23,196, with support likely at 23,180. Downside Targets: 22,967 – 22,915 if support at 23,180 is broken. Gap Down Opening: Action: On gap down opening below 23,200 and sustaining below 23,170. Initial Target: 22,967 – 22,915. Election Impact: If election results align with exit polls, consider buying towards the range of 23,300 – 23,689. Alternative Strategy: For results contrary to exit polls, look for short trades below 22,900. Conclusion and Disclaimer: Traders are strictly advised to either avoid trading during this volatile session or trade with a close watch on election results. Profit booking may occur towards the end of the session, even if the outcomes align with exit polls. Always trade with caution and adhere to stop-loss levels. Longby LiveTradingBox3
NIFTY DAILY - 3/6/2024Nifty open with huge gap up and with All Time High which is 22337 level with almost 807 points which is almost 3.58% up, this rally followed exit polls results. Nifty has formed Shaven head candle or Hanging Man candle on daily chart. MACD is bounce back from Signal Line. Nifty has given closing near 23263 level with 733 points up which is 3.25%. Further levels for nifty can be 23299 will work as resistance level and support will be 23121 level. Bank Nifty levels Support – 51438 Resistance – 50467 Today’s Advance Decline ratio of NIFTY50 Advance - 43 Decline - 7 FII Buy + 6850.76 crores DII Buy + 1913.98 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂by radha_232
NIFTY S/R for 4/6/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.by zenthosh2
NIFTY PREDICTIONWE are forming a W on 24 hrs timeframe. we have red vectors to recover.by betterknewwUpdated 6
Nifty - Weekly Expiry Ending 06th June 2024Last week was an SL. Let's see this week. I slightly modified the bullish channel to accomodate latest high and low swings. Nifty clearly broke down below channel mid. Hence, I will wait for a retracement and go short till channel bottom. Thank you! PS: Please avoid getting influenced by news, media hype, so called mega events. Market already price every known incident, means what you know is known to everyone and hence it's included in the price. So, the chart will itself tell you whether it will go in your direction or you may hit SL. No random trades, no sentimental trades. Stick to your rule. Stick to your plan. Thank you! ------------------------------------------------------- INSIGHTS: ------------------------------------------------------- As usual, I will keep sharing my insights which are based on my personal experience in trading. 1. Please stop watching foreign markets, it won't help but will corrupt your viewpoint and ultimately you will either lose an opportunity or make a loss. 2. Market will not keep taking SL again and again, it has to decide a trend after some time. But if it takes 2-3 SL, just stop and wait for another opportunity. 3. In case you have 2-3 SL hits, immediately stop looking at market, leave your computer, watch some movies or go some place with family or do any other leisure activities, but just get the market out of your head, believe me it helps a lot. 4. If there is a SL, DO NOT THINK TWICE, JUST EXIT, IT IS JUST 20-30 POINTS, you will be getting 100 - 300 points in another trade if you simply take SL this time without thinking twice. But if you show ego to market or think that let me watch for some time, you will definitely regret it. Sometimes you may be right, but that will be just pure luck and gambling. 5. Trade with long term view point, even if you are initiating an intraday, have a weekly viewpoint, so that you will have conviction to either carry forward or just exit if you are not convinced. Shortby nksproUpdated 4
$NIFTY50 -- season finalestill holding the 200 ema but below the blue line for now white thick line has not been tested yet so we could gap down and go test there am leaning bullish for a gap up with the ltf rounded bottom even if it all goes tits up we are less than 4% away from the origin of this move targeting ath from here , would be a pity if all those shorts piling in got squeezed Longby CompoundingGainUpdated 0
Nifty Short, Medium, Long Term 03-Jun-24 to 07-Jun-24Nifty Short, Medium, Long Term 03-Jun-24 to 07-Jun-24 Nifty closed at 22530 (22932) and touched low & high of 23091 & 22420 Exit poll results are positive. current govt if win above 350/360 seats market may raise further on 03-Jun-24. market will be highly volatile. It may move past 24000 or can go even upto 20000. depends on budget, 100 days plan govt going to propose. RSI and stochastics levels was up from last week (50 % & 49% Respectively). Both RSI and Stochastic are down last week due to volatile situation. As expected and i mentioned for the past 2 Months, exit poll results announced and current govt expected to continue with good majority. As mentioned in the past 2 months, Post govt budget, current govt proposed 100 days plan will lead the market in coming days. Investment decision is mixed as market will be highly volatile due to the above factors. Hence those people cant take have high risk can sell partial stocks and book profit and re enter if dipped. As far as my opinion, if market near to 24000 can book partial profit and can wait for market to correct as there is a strong resistance in that zone. Nifty 22530- Short term (Up ) Nifty Expected to move up past the resistance 23200 provided last week ( Trend Line ). It may touch 24000. nifty still have resistance / support around 22819 (Fibonacci extended resistance target) again and crossed resistance decisively. Nifty at PE 21.5 below the Historical Average of 22.5 Short term support 22160 ( Trend Line) and 20830 Fib Support as shown in the chart. Medium term resistance 24000 medium term Support - 20877 Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Nifty also have resistance at 25000 ( Trend Line). If market close above 24000 decisively. All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 48666(49456)- As proposed from 47250 level nifty bank jumped more than 7%. Investment decision in Nifty bank, bank stocks helped in portfolio. Still can continue to invest whenever dip in bank and other nbfc stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Comments : Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 33350 and went down upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.ifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 every dip of individual stocks (2-5% of portfolio on each purchase for long term)As mentioned in the past 1.5 month, nifty reached the near term target 22819 (Fibonacci extended resistance target) again and crossed the resistance decisively and touched 23000. Nifty at PE 21.8 below the 3 year Historical Average of 22.5.. by karthikss0
NIFTY - SHORT TERM AND LONG TERM WAVE COUNT AND TRENDNIFTY - SHORT TERM AND LONG TERM WAVE COUNT AND TREND About short term trend and counts Right now Nifty index is unfolding minor wave iv as i projected in my previous post price can kiss 40HEMA or will take support at 38.2% of 50% of Fibonacci retracement level. and after general parliamentary election high probabilities of unfolding minor wave - v, kindly note here minor wave - v can be extended (guide line) About long term trend and counts After unfolding minor wave - v - corrective wave of primary cycle will start after covid 19 wave - I of Cycle is extended in 13 primary wave and speedy - it means wave 3 will be slow and lethargic. after correction of wave IV of prime cycle - wave V of Cycle will start. and we can see top of wave V in 2027. educational post RegardsLongby KardamRishiUpdated 1
Nifty Analysis 3 June 2024 On the expectations of exit polls suggesting modi wins 3rd time with 350+ seats Market will take this as positive clue. Markets will open heigher today. But on the same line some experts were suggesting that Profit booking may come down the line this week. So be cautious Its better to avoid markets for couple of days. by akash_the_BiGBuLL1
NIFTY: Buy the news, Sell the facts!Those who watched our link last week will have some idea, for others the daily readings, will help to some extent. Markets move not on news, but the reaction of the participants to the news. 1. Buy the rumour sell the facts. 2. Good news is bad news. 3. Bad news is good news 4. Buy the fear sell the hope. 5. Sell the strength, buy the weakness. The way one looks at the markets are quite different, in the end all meets one and that is the price one pays. For those who are prone to buy high sell lows, this can be a trap of another day. While EXIT polls show a more or less conclusive result, how is factored, how much the rise is due to short covering, how much is in the end the actuals. The cues from overseas is an added portion that is near 1-1.5% rise. GIFT NIFTY is showing near 3% rise. So, the incremental rise is around 1-2%. The PIP graph is showing the end of the short run five waves, the start of the next wave may open far higher. Well, the positives are many if one has to factor, GDP, Overseas cues, short covering, the moot question is, is this enough to sustain the direction say down the line of a week or so. That is important to keep in mind. How do you navigate then, clearly the first two hours goes for those who cover their positions those who cover shorts and those cover longs. The open and close are more important while the mid day action shows some inputs. For the record 23300 is huge supply zone before that 23000 we failed 23108 but allow for previous breach and one more high before the fall. Time to lighten some spaces where it has run a lot or exponentially, this is an opportunity. For the NIFTY 22800-23300 RANGE. Every 50 points is support and resistance, being the event driven day. by sreebhashyam0
NIFTY INTRADAY LEVELS FOR 03 JUNE 2024BUY ABOVE - 22650 SL - 22600 TARGETS - 22700,22760,22800 SELL BELOW - 22500 SL - 22550 TARGETS - 22420,22350,22300 NO TRADE ZONE - 22500 to 22650 Previous Day High - 22650 Previous Day Low - 22500 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 👍 by Jagadheesh_JP21