NiftyToday is temporary top of this week. We may ready to retest 22750 in next one to days. India vix shows more volatile market in coming days. by saynazeer1
23500?Yesterday's high and low could be the range you want to look for. Let us see what the big hands have in store for Nifty. Will prefer to wait and watch before entering positions as US saw a good sell off from ATH and it was sudden. by OldMonk131
NIFTY DAILY - 23/5/2024Nifty opens with positive note and bulls were aggressive from starting of the day, nifty made All Time High Record which is 22993 level with almost 369 points up which is around +1.64%. Nifty has formed a big body bullish candle with small lower and upper shadow. Candle is trading at upper Band of Bollinger Band and giving breakout of it. Double Moving Averages are giving Crossover on Daily Chart. Nifty has crossed the resistance level which was 22610 so further resistance can be 23059 level with support of 22716 level. Bank Nifty levels Support – 48677 Resistance – 48832 Today’s Advance Decline ratio of NIFTY50 Advance - 44 Decline - 6 FII Buy + 4670.95 crores DII Buy + 146.51 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_235
NIFTY DAILY - 22/5/2024Nifty opens with gap up and there was a selling pressure in starting which made day low which is 22483, but afterwards nifty made high of 22629 level. Nifty has formed Long Legged Doji pattern on daily chart which indicates opening and closing price are very close. RSI is around 59. Nifty has broken the resistance of 22586 so, further resistance can be 22610 level with support of 22554 level. Bank Nifty levels Support – 47305 Resistance – 48110 Today’s Advance Decline ratio of NIFTY50 Advance - 33 Decline - 17 FII Sell – 686.04 crores DII Buy + 961.91 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_235
NIFTY DAILY - 21/5/2024Nifty opens on negative note but bulls were aggressive from starting of the day and made days high which is 22591 level. Nifty formed shaven bottom candle on daily which indicates participants were buying from days low. Candle is trading above 9 Days Exponential Moving Average. Nifty is able to hold 22500 level so, further resistance can be 22586 level with support of 22406. Bank Nifty levels Support – 47305 Resistance – 48110 Today’s Advance Decline ratio of NIFTY50 Advance - 23 Decline - 27 FII Sell – 1874.54 crores DII Buy + 3548.97 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_235
Blood bath soon ?#Bloodbath #nifty50 Mark my words... Closing below 22800 could be lethal for the market.Shortby Ravisaini234334
NIFTY Trading Plan for 23-May-2024 Context: On the 22nd of May, 2024, NIFTY traded near its resistance level of 22586 throughout the day. Due to the Bank NIFTY expiry, prices remained muted until the last 30 minutes, when we saw a breakout. NIFTY closed above the resistance level of 22586, confirming an upward move for the next trading session on the 23rd of May. Trading Strategy: Gap Up Opening (22700-22750): If NIFTY opens above 22700 and sustains this level during the first trading hour, it can move higher towards the target of 22800. Expect resistance near 22800. If prices do not sustain 22700 and start trading below this level, look for buying opportunities near 22600-22580. If prices break 22550, consider a short trade with a stop loss (SL) at 22590 and target 22465-22443. Flat Opening (Above 22600): If NIFTY stays above 22600, aim for a target of 22700. Above 22720, the prices can target 22800-22810. Look for buying opportunities with a SL at 22550. If prices start trading below 22550, wait and look for buying opportunities near 22465-22432 with a SL of 22400 and target 22580-22600. Gap Down Opening (Below 22538): If prices quickly recover and stay above 22600, aim for a target of 22700-22800 with a SL below 22550. If prices do not recover and stay below 22532 for the first trading hour, consider a short trade targeting 22465-22443. Below 22400, prices can potentially drop to 22300. Conclusion: Be prepared for different market conditions by setting appropriate stop losses and targets. Adjust your strategy based on the opening and early price movements. Disclaimer: This trading plan is based on technical analysis and market conditions at the time of writing. Market conditions can change rapidly, and it is important to conduct your own analysis or consult with a financial advisor before making any trading decisions.Longby LiveTradingBoxUpdated 7
NIFTY INTRADAY LEVELS FOR 23/05/2024BUY ABOVE - 22640 SL - 22590 TARGETS - 22710,22780,22830 SELL BELOW - 22550 SL - 22590 TARGETS - 22500,22440,22350 NO TRADE ZONE - 22550 to 22640 Previous Day High - 22640 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_JP23
Nifty 50As per previous data Nifty touched 23000 within 35 days (Avg) support will be 21900/21800 zone If it breaks then the next support will be 21500 day candle is also an important level to watch for short. bull hai to slow move Karega. After CROSSING 22500 it will become super bullish. Longby kartikhereUpdated 3
NIFTY: The ploy in the plot! It was there for all to see; we simply chose to ignore it. 1. Huge shorts by FII (one can debate the internals, but the psyche was there once certain levels are broken the short covering to ensure, the volume spike post the break of ATH supports this) 2. The 400 plus is the ploy played to trap the opposition, PM statements, is clear that if the market is factoring this point, then the adjustments will have to be made. You won't get any more admissions like this. 3. Now it all depends on the Exit polls and actual polls, we will do that one day before that. 4. Continue to believe, this week close candle is important, and that has happened too fast to the discomfort of many including us. 5. Confluence of resistance ranging from 23108-23260 suggest that would be difficult to cross, while bears need min close below the previous ATH that is 22800. 6. We circle around and move with higher base is the first impression. However, do not believe that the short covering is done and dusted, they are done part and moved into safer places of individual stocks. 7. A cursory look of the graph suggests that the price action remains within the channel and more so above the Mid of the Channel and recent move below that a failed one. What is interesting to see is the supply line drawn with the previous highs and the channel one both are close. 8. Optically looks good to enter, but as always, the dips are safer than just jumping buy. Circling the 22800-23100 range for the day. by sreebhashyam2
Nifty 50 - Skewed TringleSkewed Triangle If a very strong trend takes place, we could face a Skewed Triangle, its wave D is longer than wave B. So. It’s the only type of triangle, which has a direction towards the main trend. This pattern is rare and we should mark it as the last possible scenario. The following Nifty 50 chart represents a Skewed Triangle, which pushed the price higher into the fifth wave.Longby KardamRishiUpdated 15
U-formation on cards if resistance at 22632 is cleared by Nifty.It looks like Nifty can create a U formation if the resistances at 22632 is cleared and we get a proper closing above it. However for perfect U-formation the Nifty will have to cross other resistances at 22693, 22734, 22768 and finally 22794. In case we do not get a closing above 22632 and Nifty returns the supports for Nifty will be at 22536, 22484 and 22445. Below 22445 there are important support levels of 50 and 200 EMA which are 22409 and 22345. Below 22345 Nifty becomes very weak and Bears take over the market. Shadow of the candle is neutral to positive for tomorrow. Longby Happy_Candles_Investment114
Nifty forming bat pattern Nifty forming bat pattern.wait for confirmation . Nifty continue giving rally for straight 9 bar . Bank nifty and nifty showing divergence Shortby manishsharmadw1998115
ATH Breakout for Nifty but has the rally got more steam?Major ATH All Time high Breakout for Nifty today however Nifty could not cross the much coveted level of 23K. Can Nifty do to it tomorrow? has it got the steam? RSI is high indicating that Nifty is getting overbought and valuations of a lot of stocks are very pricey. However there might still be opportunity left in a few Large cap stock specially IT, Banking and Finance space which have fallen out of favour of investors lately. Valuations in some PSU, Mid and Small Case space are questionable currently and we advise keeping a strict trailing stop loss wherever you have good profit. Remember nobody has ever become a pauper by booking profits. Keep strict trailing Stop Losses. They are best friends. Loss in Profit is ok but Profit to loss is not ok. Nifty Major Supports levels: 22784, 22507 and 22298. Major Future resistance levels: 22293, 23060, 23208 and 23407. by Happy_Candles_Investment1
Nifty As per our previous prediction nifty hits new life time high. Important support 22800 and resistance 23000. Closing above 23000 will open a new target 23240 and 23500.by saynazeer114
Nifty important levels and trade plan for Friday, 24th MayNifty important levels and trade plan for Friday, 24th May In daily time frame Nifty is in an uptrend, and we will mainly focus on bullish trades tomorrow, unless Nifty forms a bearish price action in minimum 15 Minute time frame. 22985 which is almost at the all time high for nifty will be the levels of concern for tomorrow, and Nifty opening below that level, after crossing that particular level will go for bullish trade. 23049, 23145 and 23319 will be the resistance levels. There may be an intermediate resistance level between 23145 and 23319, but due to current price action and unavailability of historic data, it is hard to find. In case of opening above 23985, will wait for a price action to complete and then will enter into bullish trade in case of positive price action in 5 minute time frame, and with bearish price action in 15 minute time frame at the resistance levels plotted, may plan for downside trade, but with limited quantity. For down side below 22985, will wait for nifty to cross 22850, and then with a price action in 15 minute time frame, may go for bearish price action. 22765, 22696 and 22628 will be the support levels, however in all condition in bearish trade our quantities will be limited. *This analysis is most effective up to 12:30/1 PM tomorrow* *Personal opinion, not a trade advice* *Support and resistance levels are based on Fibonacci* by rahulbora111
Nifty: Modi 3.0Trading in a band A high might be made around 23000 on 31st May 1st sat 2nd sun 3rd: Exit Polls Out 4th Results ! Namo NamoLongby SWFguy3
NIFTY S/R for 23/5/24Support 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 INTRADAY LEVELS FOR 21 MAY 2024BUY ABOVE - 22500 SL - 22430 TARGETS - 22550,22600,22640 SELL BELOW - 22430 SL - 22500 TARGETS - 22350,22300,22230 NO TRADE ZONE - 22430 to 22500 Previous Day High - 22500 Previous Day Low - 22350 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_JP4437
NIFTY: Monsoon CloudsOne more day, one more eventful day, sharper pre-open, measured open, manic high and closed tad to the favour of the bulls. The incremental inference is as good as anyone's. The biggest fear is the absence of fear in itself. Markets chug along as if they know something that we all want to know. They still in the known territory, only that we have pushed our imagination, beyond what is seen. The big picture, if one wants to compare, we are as overbought as we were in 2007, that should caution. Which in itself means the incremental rise can be sharper as well as quicker the falls, the rotation continues to baffle many. The only solace one can infer and apportion is the presence of biggies, certain uncertain outcomes, hopes overriding the fears. By definition, hedging means hedging the feared risk or the unknown risk. Else, there is absolutely no need to hedge. Ask this to the USDINR trader. One always wants to hedge the outcome that is against the majority or the popular opinion. It is this outcome, that can unsettle the market. The outcome of the popular opinion if any is another approach to handle. We don't the tools of all ammunition at the same time to execute, each occasion has a certain precision approach to deal with. The big graph shows presence of 1. The bearish deliberation candle, followed by the classical rise. Then the bearish engulfing (it has part of the deliberation, but we focus on the big one), and then the bearish engulfing one, one can wish them away to their own risk. Ther recent three black crows have the third one as collapsing crow. Candle sticks are powerful pattern they warn, just because the price action pierces above the high does not guarantee anything in the big picture. The next three days are crucial or the week close is crucial in that sense. It is also the expiry week next week and closer to the exit polls. The pip graph shows five wave moves with the larger channel and hence the current one, will that extend or truncate has to be seen. Suffice to place 22350-22650 as the ranges. Support 22480-430-380 Supply 22580-620-660by sreebhashyam3
Nifty returning from 22591 indicates strong resistance zone.Nifty returning from high of 22591 has given indication of strong resistance zone ahead. Also closing above Mid-Channel resistance was a good move but still it is not a convincing upward gallop with market breadth remaining negative and FII still selling relentlessly. Some decent mid and large cap stocks are not moving despite good results and some average stocks and PSU are moving towards exaggerated valuation. PE investing or comparing the 10 year PE to the current PE of the stock should be the way to go for investors. Do not get trapped at levels which might not return for years. (I am nor fear mongering but that should be the case in every and any circumstance anyway.) Nifty Supports levels: 22470, 22402, 22345, 22257 and 22055. Nifty Resistance levels: 22530, 22591, 22658, 22730 and 22831. by Happy_Candles_Investment1
NIFTY Trading Plan for 22-May-2024 Overview On 22-May-2024, NIFTY closed near the lower band of the profit booking zone (22517 – 22586) after facing rejection from the upper band. This suggests a potential retracement move. Here is a detailed trading plan based on different opening scenarios for 22-May-2024 (Wednesday). Gap Up Opening If NIFTY opens above 22560: Sustains for the first hour and closes above 22560: Buy Trade: Target: 22701 Stop Loss (SL): 22517 Profit Booking: Book the first profit near 22700. If prices sustain or spend time above 22720, the next target is 22803. If prices start declining after a gap up open and trade below 22500: Short Trade: Target: 22437 – 22400 SL: 22560 Further Drop: Below 22400, prices may drop towards 22308. Flat Opening If NIFTY opens flat: Faces rejection near 22500-22517: Short Trade: Target: 22437 – 22400 SL: 22560 Trades higher and above 22560 during the first trading hour without breaking 22480: Buy Trade: Target: 22587 – 22701 SL: 22500 Gap Down Opening If NIFTY opens below 22400: Takes support near 22350 - 22362: Buy Trade: Target: 22437 and 22510 SL: 22300 Fails to support at 22300 and spends time below this level: Short Trade: Target: 22204 Conclusion Traders should be vigilant of the opening scenarios and corresponding levels. Proper stop-loss settings and profit booking strategies are crucial to manage risk effectively. Disclaimer This plan is for educational purposes and should not be construed as financial advice. Trading in the stock market involves risks, and it is advisable to consult with a financial advisor before making trading decisions. by LiveTradingBox2