Nifty prediction for tomorrow 3rd OCT 23as we discussed in our last posts that NIFTY might be taking support from this level.
But will not go direct bullish from here as 200 EMA, VWAP is acting as high resistance zone for nifty.
For tomorrow it seems to have a sideways moment
Reasons :
We are having a nice support Zone to downside at 19500, and resistance at 19750.
RSI is in Range 40-60 which is mostly Sideways.
PCR = 0.81 (Mild bullish)
Price < EMAs (Bearish)
Accumalation phase is going on.
Heavy CE writing at 19800 and PE writing at 19600. But more suupport at 19600. if above side 19800 is broken then we can say bulls will be in power.
Verdict:
Sideways until get a nice breakout of level 19750.
Plan of action:
Play Neutral trade until Breakout. after breakout add CE.
Niftyintradaylevels
NSE:NIFTY Analysis/Prediction for tomorrow 03-10-2023NIFTY Analysis/Prediction for tomorrow
If price opens between 19580 -19730
🟢 Buy CE Above 19740
✔️ Target Should be 19850
🔴 Buy PE below 19575 trade in less qty you can increase qty after 19450
✔️ Target Should be 19250
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 prediction today. Will nifty fall more?After the expiry huge selling it indicates quite the bearish trend in the market. If we see 1-D TF chart its bearish engulfing candle, as its in middle of the trend it's not that powerful.
Market might go more bearish as its sitting on Price Action support level. FII perform heavy selling signs bearishness too. and also at the same time having multiple resistance on the above side. So, overall seems bearish.
Reasons :
Multiple resistances above such as VWAP, 50 EMA, 200 EMA 100 EMA. (Bearish)
Price < EMAs (Bearish)
Heavy CE writing on above levels, its starting of the week can say much about bearish or bullish because of it.
PCR = 0.71 (Neutral)
RSI Bullish divergence.
Verdict :
Seems Bearish Based on Data
Plan of action :
Check market intital 15 min trend and place your trade accordendly.
#NIFTY Intraday Support and Resistance Levels - 29/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19560 level and then possible upside rally up to 19680 in today's session. in case nifty trades below 19500 level then the downside target can go up to the 19380 level.
NIFTY--Exhaustion Or Initiation??The Nifty index also same.... as Bank Nifty
Price is exactly closed at strong support... .19500 level. ..
Previously multiple times rejection to the topside is observed at this level...
Now the same level rejects the price downwards.....its bullish again.
If sellers exhausted today, tomorrow price is bullish...
If this is an Initiation of sellers again price is bearish...but already price is in premium zone...
if this is a continuation of down move...will look for buy @discount.
careful before enters in short...
Note:: Please check this post before reading the above description.
#NIFTY Intraday Support and Resistance Levels - 28/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19750 level and then possible upside rally up to 19870 in today's session. in case nifty trades below 19700 level then the downside target can go up to the 19580 level.
NIFTY - Target Levels - THUR - 28.09.23Nifty Spot Price : 19716.5. - VIX SPOT Price : 11.58. -
Nifty Daily Range : 19597 To - 19836. - Watch Option Strike : 19650 CE
Watch The Target Levels : 70----77-----96-----115----135----154---173----192----212----+++++++
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040
NIFTY--19800 or 19600 ??The nifty index broken the trendline Strongly...
If price gives us retest will go for buying...
we have a strong resistance at 19800-19850 levels...
If tomorrow opens flat and consolidation happens look for buy....
After testing these levels price may gives us retest...
soo keep safe
#NIFTY Intraday Support and Resistance Levels - 27/09/2023Nifty will be FLAT opening in today's session. After opening nifty start trading above 19700 level and then possible upside rally up to 19820 in today's session. in case nifty trades below 19650 level then the downside target can go up to the 19530 level.
NIFTY--Breakout or Fakeout??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
NIFTY--Retracement or Reversal??The NIFTY index again showing bearishness, with gap down opening.
Now price is exactly at the golden zone of Fibonacci retracement.
If price takes u turn from this level to the upside...index is once again breaks the ATH to reach 20500 levels soon.
While going to upside price is showing some sort of consolidation in the levels 20000 and 19700 levels.
So take care this is the crucial zone,
if this zone failed to take the price upside,
wait for the price to break this zone below and wait for the retracement to enter short for continue with the trend.
Keep in watch mode for couple of days.
On top side, price breaks the trendline, it may retest and fall or rise.
ATH is not strong, weak ATH is observed on topside.
All these points are showing bullishness in NIFTY.
Note:: Until price breaks this zone, consider it as a retracement.
will nifty bounce back from here?as we have discussed in our last analysis, we waited and then entred in the 19750 CE + 19750 PE selling. market respected levels quite nicely. seems there might be a bounce back or consolidation from this level.
Reasons :
RSI is very low that indicate the weak strength of the trend. and at the same time Oversold the Market.
Nifty is taking support at 0.5 Fib level of 1H-tf.
200 EMA is also coinsiding with 0.5 Fib level that makes it more strong point to take support.
Its nearby VWAP so we can say price is avraged out. now Buyers might come in the market.
PCR is 0.89 - Neutral
RSI bullish divergence.
Verdict :
Sideways, preparing to bounceback.
Plan of action:
Hold previous position, or create 19750 straddle.
Nifty Short, Medium and Long Term review -25-Sep-23 to 29-Sep-23Nifty Short, Medium and Long Term review - 25-Sep-23 to 29-Sep-23
Nifty closed at 19674(20192)and touched low & high of 19674 and 20195.
Caution was provided on Overvaluation and to sell upto 30% Stocks with High valuation/ Profit and non performing Mutual Funds. Personally i could sell 15% of my stocks & Mutual Funds.
RSI and Stochastic level down from 76 to 46% & 96 to 30% respectively.
Stochastic & RSI- Still there is chance for to Move down/ Bottom out.
Nifty couldnt hold the short term Support provided at 19800 and moved down to 19674.
Nifty Bank fell more than Nifty last 2 weeks.
Nifty Bank have attractive valuation.
Buy on dip call on SBI & ICICI Bank , Axis Bank given on 13-Aug-23, Can Continue to buy for long term. Can add BOB, canara bank on dips. To watch for bottoming out of Kotak Bank, can add for long term.
Nifty- Short Term (Neutral Bearish)
If it broke below Ist Support at 19600 ( Fib Resistance), then
Strong Support at 19300-19600 ( Fib Resitance at 19320/19467)
Also there is a support at 19224 ( Previous Low)
Resistance at 19840/19990
Nifty Medium Term & long Term -
As market in overbought zone there will be a correction.
Resistance at 20500
Further to review the Q2 results. To review once Nifty reaches target.
Strong Resistance at 18800
Nifty Sort term ViewI can provide a general perspective on the Nifty 50 index. However, please note that market conditions and sentiments can change rapidly, and it's important to consult up-to-date financial sources and consult a financial advisor for the most current and tailored advice. #nifty, #nifty50
NIFTY ANALYSIS FOR 22nd September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 22nd September 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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NIFTY--Bearish Gap or Bullish Gap??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
Has NIFTY downtrend started?As we have been discussing, NIFTY fall in our last posts. We can see NIFTY has successfully given the breakout yesterday.
We could see a nice volume hike at the last hour.
Nifty was trading at an all-time high from that; it formed a rising wedge and gave a nice successful break to the downside. Now, we might see a nice move to the downside this week.
Reason :
RSI is below 40; decreasing shows no bull power.
It has a broken rising wedge pattern, which is bearish.
Significant sell volume hike at last hour.
Price < EMAs
It was trading at an all-time-high that can not break at once.
Option chain PCR: 0.97 (Bullish)
Verdict :
Bearishness is Expected.
Plan of action :
Sell 20150 CE + Sell 20000 PE + Buy 20150 PE
NIFTY--Trendline Break?? The price has recently breached the trendline, signaling a potential shift in momentum. If the price provides a retest opportunity tomorrow, we may consider entering a short position. In the absence of a retest, we will wait for a pullback before considering a short entry.
On the downside, we have identified support levels at 20050 and 19950. We will remain in a long position until the price convincingly breaks these levels and undergoes a retest, confirming a more bearish outlook.
Keep safe before short...
Nifty and Banknifty : Trend bearish for 19 SeptemberDue to Upcoming Parliamentary extra session and upcoming fed policy market is showing a little profit booking at the top and is expected to continue for the same.
Nifty and banknifty both have a sell on the rise pattern so follow the same as mentioned in the video
Buy around 20040 & 19960 TGT 20220/20800 sl below 19800The Market gave a good rally in past three weeks making 3 white soldiers on the top of the chart indicating a fresh breakout but in upcoming Fed's policy and parliamentary session will be watched closely by the market and it can consolidate to cool of some overheated indicators and then we can see a further breakout.
Market structure remains bullish but some consolidation is indicated because of upcoming events and then again may resume the uptrend
NIFTY - Target Levels - 18.09.2023.Nifty Spot : 20169. Option Strike : 20200 CE & 20200 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers..
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
Stop Loss... Above or Below.. Break Even Point..
Don"t Enter Blindly.
We Focus On Our Daily Analysis..
Combination Theory Of Delta, Gamma & Thetta,.
Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
Fibinacci Retracement Levels, Techninal View On Break Even Point.
Wait For Support or Resistance Breaking.. That Time Watch The Market Carefully.
Market Moves in UpTrend or DownTrend.
Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.
Its Most Important For Daily Tradings….
BY : newsbharathi27040.