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Niftyanalysis

NIFTY Big Correction possible?Please Like, Share, Comment Sharing the view on NIFTY for upcoming short term. Discussions in this video - 1. Blow-Off TOP - 18604 2. NIFTY making Lower Highs, Lower Lows (Structural) 3. Important Levels to watch in coming days - (18343.55, 18089.60, 17482.30, 17361.80, 17168.25) 4. New TGTs for upcoming Short-term 5. Bear market rallies - (Trap Bulls & Hunt Bears SLs) Will be updating this thread in coming days. PS: Can watch this video in 1.25x speed or more.
NSE:NIFTYShort
by BlueChipStocks
NIFTY NEXT WEEK trapped between resistance and supports.It was important for Nifty to end the week above 17570 which was the 50 hours EMA. Ending above 17700 Which is the trend line would have been even better. Ending below them means now these Two lines are important resistances for the next week. Bull run can start only when we get a daily closing above these Two lines. Crossing 17700 the next resistance would be 17782 and 17989. In case we do not get a closing above 17570 and 17700 the supports for Nifty are at 17425 and 200 Hours EMA at 17315. Below 17315 we can see a free fall in Nifty till 17020 or 16773.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Important levels and trade plan for Monday 05.09.22On daily time frame Nifty is in a sideways trend now. And at present SGX nifty is almost 40-points negative compared to yesterday’s closing. And in between a support and a resistance zone. So, if SGX nifty respects any of the zones then for Monday we may see a flat opening, but failing to respect either zone by SGX Nifty, there may be a huge gap up or gap down opening in Nifty. Now if we see Nifty in daily time frame it formed an inside candle for consecutive second day, which made our trading decision little easier. We have to marked the top and bottom of yesterday’s candle and may enter into a trade once it breaks either direction. Now in 15-minute time frame- we have marked these two levels in colour blue at 17634 and 17469, if Nifty opens in between this zone, we will enter when Nifty crosses either side. For down trend, a range between 17398 to 17363, 17299 and 17230 will act as important support levels. Similarly for upside move, 17702, 17772 and 17843 will act as major resistance levels. In between 17634 and 17469 we may avoid a directional trading, but if Nifty took support or resistance at either side, we may plan to go for a short strangle, opening one leg at a time. Now, for opening up to 17772 level we will plan for a bearish reversal, but above this level, we will plan only for bullish trade. Again in down side, we will plan for bullish trade only near 17299 support level. Now if we see the OI chart, in CE side from 17600 to 18000 huge OI is present in each side, and in PE side, 17500 has some amount of OI followed by 17300, which indicates a bearishness in the market. Below are some important CPR levels for tomorrow Daily Central Pivot Range from 17560 to 17546 Weekly Central Pivot Range from 17516 to 17471 Monthly Central Pivot Range from 17697 to 17573 *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 3rd September, 1:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty levels & strategy for 02/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is down by -216.5 points. Today, initially Nifty has given chance to bears as well as bulls for making decent profits who worked level by level in disciplined manner. Later, option writers made good money. A perfect day for a trader who understands technical/OI (open interest) changes well. PCR shifted from 1.3 (bullish zone) to 0.89 (bearish zone). Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is down by -235.5 points. Bank Nifty remained sideways for most of time after initial gap-down & recovery. PCR shifted from 1.54 (overbought zone) to 0.84 (bearish zone). Daily quick swings/sudden changes in OI are making life difficult for option writers. Highest open interest on call side at 40000 (Shifted down from 41000 to 40000) Highest open interest on put side at 38000 (Remained at same level) Shall we look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Important levels and trade plan for Friday, 02.09.22On daily time frame Nifty formed an inside candle today, which made our trading decision for tomorrow simple. Normally for inside candle, we may enter into a trade, when price breaks in either direction. Here for today we have marked the range between 17700 and 17530 as no trade zone for directional traders. Nifty exiting from this zone in any direction we will take a trade in same trend. For down side 17470, 17382 and 17298 will be the important levels of support and 17778, 17850 and 17963 will be the important resistance levels, As far the trend is concern in Nifty we still would like to ride in a downside trade. If opens huge gap up then we will wait for a price action to complete before taking any decision, and for huge gap down, will enter into a long trade with one positive candle or, breaking of first five-minute candle in upside. Daily Central Pivot Range from 17582 to 17555 Weekly Central Pivot Range from 17551 to 17535 Monthly Central Pivot Range from 17697 to 17573 Will not check OI data today *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 1st September, 5:40 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Important levels and trade plan for Thursday, 01.09.22After yesterday’s rally in Nifty and SGX nifty as well, today SGX Nifty made a fall of almost 300 points and currently it is 280-point negative than yesterday’s closing, and is near an important support level, So we may expect a little correction in its level. So for tomorrow, we will not consider any scenario of gap up opening in Nifty. Now, though huge but still we will consider the range between 17776 to 17586 as no trade zone, especially for directional trading, as we can see the daily CPR in this range, along with monthly CPR, and weekly CPR as well. If Nifty opens in this zone, then we will wait for Nifty to cross either side, and enter into a trade accordingly, will buy after crossing 17776 level and will short if crosses 17586. For upside 17965 will be the maximum level of resistance, and for downside, we may consider 17475 and 17343 as important level of support. If nifty opens huge gap down, as we cannot deny the probability, then near any support level with one bullish candle we may go for a long trade. For opening in no trade zone and crossing it downside, it will be better for us to enter a trade with a price action. If nifty closes below its monthly CPR tomorrow forming a bearish candle, then we may again expect to see some downward move in coming days, but a closing above the monthly CPR, and we will need to be ready for a bull run. 18000 has highest OI in CE side followed by 17700 and in PE side 17500 has highest OI followed by 17300, So, from this figures, we may cone to a conclusion that, if tomorrow Nifty opens above, 17500 then this level will act as a huge support and then we may see 18000 levels also, but below 17500, 17300 will only act as major support, same is also indicated by the chart. Daily Central Pivot Range from 17702 to 17589 Weekly Central Pivot Range from 17551 to 17535 Monthly Central Pivot Range from 17697 to 17573 *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 31st August, 5:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
3
17166 proved to be good support in weathering Powell storm17166 proved to be good support in weathering Powell storm. After taking a support at this range we have seen a bounce in Nifty which is nearing it's critical 50 hours EMA resistance. It can also be seen in the chart that this zone is mid channel resistance for the channel ini which Nifty is travelling from around 10th of june. Immediate Supports and resistances are: Supports of Nifty : 17495, 17392 and 17259, 17166 and 17026. Final support should be considered at 16950. Bear Grip of Nifty can strengthen below : 16723. Resistances of Nifty : 17548, 17589 and 17736.
NSE:NIFTYLong
by Happy_Candles_Investment
Sell Nifty below 17540 target17390/17260/17060 stop above 17650Nifty is showing rejection from the higher levels and with Fed latest comments the interest rates will see a sharp spike and the result will be felt by the economy especially certain rate sensitive business will feel the "pain". Technically also any sustenance below the levels of 17540 will open give some more pressure to nifty. From the indicators point of view the RSI is also weakening and EMA & SMA Crossover also hinting the same.
NSE:NIFTY1!Short
by Adi_tech
1
Nifty Levels & Strategy for 30/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. Global cues are quite negative. FIIs sold in cash as well as F&O contracts by -6000 plus crores. Today also Dow Jones and Nasdaq are trading in red. India VIX has jumped up by 8.83%. Crude started boiling again. US Dollar & US 10Y bond yields are maintaining at quite high level. Shall continue to look for sell on rise opportunities till global market sentiments remains negative? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
nifty50 View ~~ short below 17750 & long only above 17800#nifty50 Prediction for coming days: Correction not done, my view still Bearish:- 1) Best shorting level 17700-17720 for tomorrow 2) Postillion long only above 17800( invalidation level) 3)#Nifty will touch again LL level (17188) in coming days Wave Analysis wave 4 correction still running today we see one good move in up side this was b wave after done maybe we can again see 17200 levels Note :- After wave 4 correction we see 18500-19000 levels in coming months
NSE:NIFTY
by rkmatre
Nifty Important levels and trade plan for Tuesday, 30.08.22Nifty today opens huge gap down and provide a correction on daily time frame to a downward trend, and we may see continuation of the same downward trend in coming days. For tomorrow, we will consider the range between 17376 to 17280 as no trade zone, if Nifty opens between this zone and then after crossing it in downside, we will enter into a bearish trade. 17167, 17074 and 16918 will be the important support levels. In this kind of setup, we will enter the trade with full quantity. Now if opens below this zone, then we will wait Nifty to reach to a particular support level (17167/17074) and there depending on price action we will go for trade, but if Nifty reaches 16918, then we may go for bullish trade, depending on time and RSI, again with limited quantity, and with tight stop loss. Similarly, if nifty crosses 17376 level after opening in no trade zone, will enter into bullish trade, but again with a limited quantity and with trailing stop loss at every step. 17487 and 17624 will be the resistance levels. For any opening near the resistance levels, will definitely search for shorting opportunity. If we see the OI data, 17700 has highest OI in CE side followed by, 17500 and 17000 and 17300 has almost similar and huge build-up of OI in PE side. So, for tomorrow, Nifty may initially go upside, but resistance plotted near 17500 must work as solid level of rejection. Daily Central Pivot Range from 17299 to 17273 Weekly Central Pivot Range from 17551 to 17535 Monthly Central Pivot Range from 16886 to 16341 Important note- Holiday on Wednesday, will make some impression in option premium, so buyers may need to be careful. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 28th August, 5:50 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Support and Resistance for coming weekAfter fed Chairman Jerome Powell's undeniably hawkish comments about the likely need for aggressive interest rate hikes to lower inflation. Market corrected from higher level and it triggered the volatility. Considering it I have drawn few support and resistance levels which could decided the market direction. As I explained in the weekly chart last week, Reversal pattern was observed. The Market had taken a support from the confluence zone. Need to see the price action of coming week if it it holds. Below 17300-17400 range nifty is likely to fall aggressively
NSE:NIFTY1!
by OK_Rane
NIFTY SEPTEMBER ANALYSISWith Powell's Statement, Dow has given a -950 pts fall on Friday! This has led to -215 points Pre-Open fall in SGX as of 28/08/2022! With Opening on Monday, i.e, 29/08/2022, we can expect the market to Open around 17200-250 zone and then take support at the marked levels! Institutional accumulation and Buying seen in the August series indicates that markets can form a bottom around the 17150-200 zone and then move uspide! If the panic selling continues, then we can see a further correction till 16950-17000 levels! 17000 should act a strong support zone and markets can take a good recovery from this level! Stocks and Index both can give a good rebound and can create some good buying and accumulation opportunities!
NSE:NIFTYShort
by THEINTRADAYEXPERT