#NIFTY Intraday Support and Resistance Levels - 28/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19810 level and then possible upside rally up to 19930 in today's session. in case nifty trades below 19780 level then the downside target can go up to the 19660 level.
Niftyanalysis
Nifty Short , Medium & Long Term View-27-Nov-23 to 01-Dec-23Nifty Short , Medium & Long Term View-27-Nov-23 to 01-Dec-23
Nifty closed at 19794(19870) and touched low & high of 19671 & 19873
Last week Market was near to the resistance provided i.e 19856 level.
RSI and stochastics levels nearing the overbought zone.
Nifty- Short Term
Resistance at 19875(last week high), 19923( Fib Resistance), 19996 (Prev High Shown in Green Color)
supports at 19528 (Fib Resistance), 19365 (Fib Resistance), 19330 ( Prev.Low shown in Green Color)
Nifty Medium Term & long Term -
Market need to decisively close above 20000 to reach 20218( prev high) & 20500 target.
Resistance 20000/ 20200 ( Prev. HIgh)/ 20500
Support at 19228 ( Prev low).
Long Term
market range bound between 20500 to 18800 till elections are completed.
Oct 23 & NOv-23
Comment :
There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$.
Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey.
As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening).
Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path.
This also will lead to high volatality in coming weeks.
Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks invest in value stocks.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary.
#NIFTY Intraday Support and Resistance Levels - 24/11/2023Nifty will be FLAT opening in today's session. After opening nifty start trading Above 19830 level and then possible upside rally up to 19950 in today's session. in case nifty trades below 19800 level then the downside target can go up to the 19680 level.
#NIFTY Intraday Support and Resistance Levels - 23/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19830 level and then possible upside rally up to 19950 in today's session. in case nifty trades below 19800 level then the downside target can go up to the 19680 level.
#NIFTY Intraday Support and Resistance Levels - 21/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19710 level and then possible upside rally up to 19830 in today's session. in case nifty trades below 19670 level then the downside target can go up to the 19550 level.
Nifty Short , Medium & Long Term View-20-Nov-23 to 24-Nov-23Nifty Short , Medium & Long Term View-20-Nov-23 to 24-Nov-23
Nifty closed at 9870 (19525) and touched low & high of 19413 & 19870
Market crossed the inclined resistance line provided at 19550 decisively and moving towards 19800-20000.
19528 Resistance and 19692 Fibonacci resistance provided worked well day before yday&yday.
Again if it crosses 20000 then 20500 is a big resistance as mentioned above.
RSI and stochastics levels nearing the overbought zone.
Nifty- Short Term
Resistance at 19856(Prev. High shown in red color line), 19923( Fib Resistance), 19996 (Prev High Shown in Green Color)
supports at 19528 (Fib Resistance), 19365 (Fib Resistance), 19330 ( Prev.Low shown in Green Color)
Nifty Medium Term & long Term -
Market need to decisively close above 20000 to reach 20500 target.
Resistance 20000/ 20200 ( Prev. HIgh)/ 20500
Support at 19228 ( Prev low).
Long Term
market range bound between 20500 to 18800 till elections are completed.
Oct 23 & NOv-23
Comment :
There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$.
Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey.
As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening).
Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path.
This also will lead to high volatality in coming weeks.
Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks invest in value stocks.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary.
Nifty Short-Medium-Long Term View- 13-Nov-23 to 17-Nov-23Nifty Short/Medium/Long Term View- 13-Nov-23 to 17-Nov-23
Nifty closed at 19525(19230 )and touched low & high of 18312and 19550
"Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range"
Market exactly followed the resistance provided as mentioned above last week and closed on danteras at resistance ( target) provided at 19550.
Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result iand projected growth is necessary.
RSI and stochastics levels recoverered from oversold zone in last 2 weeks.
Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced backto 19550.
Nifty- Short Term
Nifty need to close deicisively above 19550 and move towards 19800-20000.
Resistance at 19692 ( Fib Resistance)
Else it will tend to lower down to 19327 support and 19160 ( Fib Support Levels) followed by 19000.
Strong Support between 18427 ( Fib 0.5 Resistance) & 18800
Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated.
Nifty Medium Term & long Term -
Market need to decisively close above 20000 to reach 20500 target.
Resistance 20000/ 20200 ( Prev. HIgh)/ 20500
below 18427 support, the next supports are at 18274/18000
Oct 23 & NOv-23
Comment :
There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$.
Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey.
As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening).
Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path.
This also will lead to high volatality in coming weeks.
#NIFTY Intraday Support and Resistance Levels - 10/11/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19390 level and then possible downside rally up to 19270 in today's session. in case nifty trades above 19410 level then the upside target can go up to the 19530 level.
Nifty consolidating below 50 days EMA. Nifty is consolidating below 50 days EMA. Also note that 50 days EMA is the Mother line so the stock price below the same indicates that 50 EMA is a resistance(To Know what is Mother Father Small Child Theory contact us). Once this resistance is crossed the next resistances for Nifty will be at 19695, 19860, 20047 and finally 20215. Crossing and closing above 20215 will open the gates for Long Term Target or 21000 or by next Diwali even 22000. The supports on the lower side for Nifty remain at 19294, 19075, 18863 and finally 18663. Below 18663 Nifty becomes weak and Bears take control of the same.
NIFTY Analysis/Prediction for tomorrow Expiry 09-11-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens flat or Gap-Up
🟢 Buy CE Above 19520
or after 1 PM if market in range
✔️ Target Should be 19635
🔴 Buy PE Below 19400
✔️ Target Should be 19280
If market opens Gap-Down (Below 19400)
🟢 Avoid CE
🔴 Buy PE near 19420
✔️ Target Should be 19280
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 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.
Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23
Nifty closed at 19230 (19047 )and touched low & high of 18294 and 19274
RSI and stochastics levels recovering from oversold zone .
Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced back a little to 19230.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results.
As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash.
Nifty was holding the inclined trend support provided at 18800 levels last week.
Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks.
Support between 18427 ( Fib 0.5 Resistance) & 18800
Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated.
Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range.
Nifty Medium Term & long Term -
Nifty need to cross 19500 and need to break the resistance shown above to move to 19800/2000.
below 18427 support, the next supports are at 18274/18000
Resistance 20000/ 20200 ( Prev. HIgh)/ 20500
Oct 23 & NOv-23
Comment :
There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$.
Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey.
As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening).
Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path.
This also will lead to high volatality in coming weeks.
NIFTY Analysis/Prediction for tomorrow 08-11-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens in Zone
🟢 Buy CE Above 19435
✔️ Target Should be 19500
🔴 Buy PE Below 19375
✔️ Target Should be 19275
If market opens with more than 100 points gap
then wait for price action and trade after one hour in same direction.
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 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.
#NIFTY Intraday Support and Resistance Levels - 07/11/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19400 level and then possible downside rally up to 19280 in today's session. in case nifty trades above 19420 level then the upside target can go up to the 19540 level.
#NIFTY Intraday Support and Resistance Levels - 03/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19170 level and then possible upside rally up to 19270 & This rally can extend another 100-120 points if market gives breakout of 19290 level in today's session. in case nifty trades below 19130 level then the downside target can go up to the 19010 level.
NIFTY Analysis/Prediction for tomorrow expiry 02-11-2022NIFTY Analysis/Prediction for tomorrow
If market opens flat / Gap-Down
🟢 Avoid CE
🔴 Buy PE Near 19035
✔️ Target Should be 18940, 18890, 18830
If market opens with more than 100 points gap
then wait for price action and trade after one hour in same direction.
Trade in Next Expiry
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 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.
NIFTY Analysis/Prediction for tomorrow 01-11-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens flat or Gap-Up (below 19140)
🟢 Avoid CE
🔴 Buy PE Below 19050
✔️ Target Should be 18940
If market opens gap-Down
🟢 Avoid CE
🔴 Buy PE near19050 or Below 18940
✔️ Target Should be 18940, 18825
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 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.
NIFTY Analysis/Prediction for expiry day 26-10-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens Gap-UP
Wait for Price Action for One Hour
If market opens Gap-Down
🟢 Buy CE Above 19125 (After 12 PM)
✔️ Target Should be 19250
🔴 Buy PE Below 18975
✔️ Target Should be 18815
If Market opens Flat
Avoid Trading or wait for range breakout after 12 PM
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 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.
#NIFTY Intraday Support and Resistance Levels -25/10/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19250 level and then possible downside rally up to 19130 in today's session. in case nifty trades above 19300 level then the upside target can go up to the 19420 level.
Happy Dussehra! NIFTY Analysis/Prediction for 25-10-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens flat or Gap-UP
🟢 Avoid CE
🔴 Buy PE Near 19400, 19510
✔️ Target Should be 100 points
If market opens Gap-Down (below 19200)
Avoid Trading or follow Price Action
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 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.
#NIFTY Intraday Support and Resistance Levels - 23/10/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19550 level and then possible upside rally up to 19670 in today's session. in case nifty trades below 19520 level then the downside target can go up to the 19400 level.
Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23
Nifty closed at 19751 (19655) and touched low & high of 19483 and 19871.
RSI levels and stochastics was near to oversold zone last week end, considering global situation, crude price, Q2 results ( till date) it will test the support level in short term, Q2 results of the balance companies can guide the market.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to below average results. As mentioned before ( past 1 month) book 30% profit in the high valued stocks and be ready with cash.
Nifty was holding the inclined trend support provided at 19400 levels last week, same support level was shared for the last three weeks.
Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks.
Strong Support at Fib resistance at 19320/19445
Also there is a support at 19224 (Previous Low)
Resistance at 19840/19990 ( Fibonnoci resistance )
Nifty Medium Term & long Term -
As market in overbought zone there will be a correction.
Resistance at 20221 ( Prev High ) / 20500
Further to review the Q2 results. To review once Nifty reaches target.
Strong Resistance at 18800.
NIFTY Analysis/Prediction for tomorrow Monday 23-10-2023NSE:NIFTY Analysis/Prediction for tomorrow
If market opens in marked Price Range
🟢 Buy CE above 19580
✔️ Target Should be 19675
🔴 Buy PE below 19510
✔️ Target Should be 19460, 19340
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 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.