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Niftyanalysis

Nifty Important levels and trade plan for Wednesday, 03.08.22.Nifty took a much-needed pause today, which makes taking of trading decision simple. It is above PDH and we buy and below PDL it is sell. Range is in between 17393 and 17218. 17479, 17570 and 17692 will be our resistance levels and 17151, 17032 and 16912 will be the support levels. If nifty opens above 17393, up to 17479 it may probably continue its uptrend, above this level we may need price action to enter, for any downside move we must need price action in proper time frame (not less than 15 minute). Now, highest OI in CE side today shifted to 17500 from 17600 but in PE side 17200 is still continuing its highest level in PE side. So, we may come to a conclusion that it will not be essay for Nifty to break this level, if it breaks this level then, we may see proper downfall. And probably 17500 may be the upper level of Nifty for this expiry. Below are the important levels for tomorrow Daily Central Pivot Range from 17331 to 17303 Weekly Central Pivot Range from 17040 to 16805 Monthly Central Pivot Range from 16886 to 16341 *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 2nd August, 5:50 PM** ***Personal opinion, not a trading advice***
NSE:NIFTY
by rahulbora11
NIFTY Analysis/Prediction for tomorrow 02-08-2022NSE:NIFTY Analysis/Prediction for tomorrow 02-08-2022 For Flat Opening 🟢 Buy CE above 17380 ✔️ Target Should be 17500 🔴 Avoid PE For Gap-UP Opening 🟢 Buy CE near 17430 (if market opens below 17420) ✔️ Target Should be 17500 🔴 Buy PE Near 17500 (Only if market opens above 17450) ✔️ Target Should be 17350 For Gap-Down Opening 🟢 Buy CE above 17340 ✔️ Target Should be 17430 🔴 Buy PE below 17250 ✔️ Target Should be 17150,17000 Important Notes: 🚨 Gap-UP & Gap-Down more than 100 points wait for price action. 🚨 Gap-UP & Gap-Down up-to 50 points wait for a pullback. ⚠️ Wait for the 5-minute candle to close for confirmation. ⚠️ Trade Like Either SL or Target. ⚠️ Important: Always maintain your Risk & Reward Ratio. Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
NSE:NIFTY
by TheTechNifty
Nifty Levels for 02/08/2022Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty is quickly approaching long term resistance zone . Nifty PCR already entered in Highly Over Bought Zone. Today India VIX jumped up by 5.65%. Max OI on call side is at 17500. Max OI on put side is at 16500. Is it a good time to book profit and wait for buy on dips opportunities ? Please review and respond with your views. Many thanks.
NSE:NIFTY
by manishmgupta
NIFTY FAST APPROACHING RESISTANCE ZONEAs Nifty continues to exhilarate powered by fresh FII buying the bull rally after making a bottom near 15182 is thriving and going full throttle. There is no sign of weakness as of now but Nifty might be approaching a place which even the bulls will find difficult to clear very easily. It is not impossible but very difficult. Anything can happen if FII money comes back in full flow. Support, light and heavy resistances for NIFTY are as under: Light Resistance Zone : 17375 to 17649. Heavy Resistance Zone : 17649 to 17911. Support Zone : 16747 to 16447.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Important levels and trade plan for Monday 1.08.22SGX Nifty is currently 48 point positive and is standing near an important resistance zone, and based on the current price action it may revert from here and tomorrow morning we may see a flat to gap down opening in Nifty, however here we are going to consider all probable opening scenarios for Nifty. For opening between 17185 to 17231, we may see a continuation in up trend for Nifty, and then a bullish trade may be favourable for us, and we may see resistance near 17290 and 17361. Opening above 17231, and we may see a profit booking first and then may uptrend continuation, but our trade will be dependent on price action of Nifty. For flat opening below 17173, this trend may continue, but will go for bullish trade once a candle closing over 17186. If it form a negative price action below this level then we will go for bearish trade in option selling side. Similarly, if opens gap down, between 17138 and 17096, closing a candle out side of this range and we will take trade in that direction only, but candle must close above or below this range, as in between this range it is no trade zone. For huge gap down opening, below no trade zone, we may expect a pull back first and then a downside moves, but to enter into a trade we must get confirmation from price action. 17040 to 17018, 16946 and 16900 will the major support levels. If Nifty somehow reaches 16900 level then it must take a bounce from that level. Below are the important levels for tomorrow Daily Central Pivot Range from 17137 to 17095 Weekly Central Pivot Range from 17040 to 16805 Monthly Central Pivot Range from 16886 to 16341 Importantly, nifty is moving continuously upside from last few sessions, and daily RSI is over 70, which is considered as over bought zone, so we may se a downward pullback from the current level, to get a healthy trend, but if we see from open interest’s point of view, it is indicating, something else with highest OI at 17800 in CE side, followed by 17500 and 17300 and huge OI presence in PE side at 17000 followed by 16900 and 16800. *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 July, 9:50 PM** ***Personal opinion, not a trading advice***
NSE:NIFTY
by rahulbora11
Nifty Outlook 1st to 5th July 2022. Can the rally continue?Will the rally continue or fizzle out? Is the big question. After a fantastic week where we saw Nifty end at 17158.25 after taking support from 200 days EMA we are set for another week where Nifty where Nifty is in the position to move forward if it can clear few resistances that are up and ahead. The support levels for Nifty on the down side are 17028, 16947, 16747 and finally 16535. Below 16535 which looks unlikely for now Nifty can go to the levels of 16430 or 16304. The resistances Nifty has on the way up are: 17213, 17333 and 17431. Above 17431 major hurdles will be 17649 and 17798. These 2 levels (17649 and 17798) can be crossed if and only if there is a massive participation from FIIs, DIIs and Retail investors.
NSE:NIFTYLong
by Happy_Candles_Investment