Nifty and Bank Nifty analysis for tomorrow, Tuesday. 15th AprilNifty and Bank Nifty analysis and trade plan for tomorrow, Tuesday. 15th April
Hello, my name is Rahul Bora, I am an intraday trader from Assam, every day I try to share my trade plan for next day, for Nifty and Bank Nifty based on Fibonacci levels and price action only. Whatever I share in these videos, are purely my personal opinion, and not a trade advice in any sense. Viewers are advised to take their trades based on self analysis and own risk taking capacity only.
Niftylevels
Nifty broke a major support and is near a crucial support. As depicted in the last message. Nifty was near a crucial resistance zone which is between 22770 and 22808. Nifty fell sharply from these levels triggred by possibility of a major 3rd World War like crisis due to Iran and Israel conflict. Now Nifty is below a major resistance that is 22567 and just above a major support level near 22511. Any further escalation in war has potential to make Nifty plunge into a nose dive towards 22416 or 22309 levels. If 22303 levels are broken Nifty can further fall quickly towards 22K levels or below. However if there is de-escalation we can see a relief rally in Nifty with resistances at 22567, 22622 and 22689 levels. In case of Nifty rising this week again 22770 to 22808 zone will be a very nasty resistance to cross. Shadow of the candle is neutral as of now and anything can happen due to global factors. Local factors are in favour of investors and fall if any can be used to invest and bottom fish.
Detailed Weekly Analysis for Nifty.
This is the Monthly chart to understand the biggest picture for Swing positions.
This is a Potential Weekly Demand which has the power to turn around the game in the buyers side. Now in order to reach this Demand Price needs to reach some Supply and then retrace down into this Weekly Demand.
Further down in Daily chart we see there is a "Violated Daily Demand", this clearly indicates Sellers have just become more powerful and we also have a Fresh Daily Supply which is a Source Supply for a Downtrend till the Weekly Demand shown in the 1st figure.
This is the Demand Supply Equilibrium Curve from potential Daily Supply to Potential Weekly Demand, wait for the Price to reach the Daily Supply and further the Curve tells us where the Price is on the curve and accordingly decide the Trade.
Again Nifty reaches a difficult resistance Zone. Again Nifty has reached a difficult resistance zone which is between 22773 and 22808. This is a difficult zone to cross as it has a fibonacci resistance as will as the ATH Resistance. If we get a gap up opening and a nice sustenance there after above this resistance it can resolve the problem of the resistance band. In this case further resistances will be in the range of 22898 and 23018. In case the zone acts as a difficult zone to conquer the supports for Nifty will be near 22622, 22561 and 22422. Shadow of the candle is neutral but momentum is positive so it will be an interesting day Bulls and Bears both will try to snatch the initiative. Also weekly closing has potential to keep things more interesting.
#NIFTY Intraday Support and Resistance Levels -10/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22670 level and then possible upside rally up to 22790 level in today's session. in case nifty trades below 22620 level then the downside target can go up to the 22500 level.
Closing above 22629 has ensured it is a cup and handle BO. Closing above 22629 has ensured it is a cup and handle Break Out for Nifty. Now the only major hurdle remaining between another leg of bull run and consolidation is the resistance at 22701. Once 22701 is crossed next targets for Nifty will be 22803(Major Resistance), 22910, 23047 and 23220. If the breakout fails and Nifty is not able to cross 22701 swiftly the support levels will be at 22619, 22536, 22454 and finally 22219. Bears will awaken from coma only after we get a closing below this level till that time enjoy the bull run. Perhaps some consolidation might also be seen before some further progress in unlikely circumstances. Right now it is a one horse race for bulls and shadow of the candle is positive.
Nifty Price ActionThis is not an investment advice or recommendation, It's solely for Educational Purposes. This is the bias for Nifty for now. Market Structure is positive, will be working on the most probable setup. Expecting some retracement before continuation of the up move. Spotted this inverse head and shoulder structure. A high probability for long side trade.
Monday 08 April , Nifty Intraday Setup Index behaviour has been unpredictable since January 2024. None breakouts or falls have been sustained for the whole day, which is a sign of the dirty uptrend, which is not reliable, especially when the Index is trading on ath
Intraday Range: 22,430 to 22,620
Strategy 1: The range is wider, so focus on reversals of critical resistance and support.
Strategy 2: The 30-minute Please find below a revised version of the text:
Since January 2024, the behaviour of the Index has been unpredictable. There have been no sustained breakouts or falls throughout the day, which indicates a dirty uptrend that is not reliable, especially when the Index is trading on its all-time high.
The intraday range for today is between 22,430 and 22,620.
To trade in such a market, you can follow two strategies:
1. The range is wider, so focus on reversals of critical resistance and support.
2. The 30-minute range can help you identify market curves and directions.
Risk management is crucial in such uncertain market conditions. To minimize your risks, you should:
- Keep your position size low.
- Choose the right segments to trade in.
- If you are a directional trader, trade-in pieces instead of taking a full position.ge also helps to identify the market curves and directions.
Risk Management :
Position size must be low
Segments will play a significant role
Trade in Pieces instead if you are a directional Trader
Nifty can scale further highs if it sustains above previous ATH.Nifty bounced back but pretty well after confirming a near term bottom around 21710. right now facing mid-channel resistance. Daily closing firmly above 50 days EMA is another positive sign. Right now Nifty will face or is facing mid channel resistance which is near Friday's high of 22180. Nifty next week crossing and closing above 22180 will ensure that Nifty has closed not only above mid channel resistance but also trend line resistance which is in the same range. This dual resistance can be little stiff to cross. If it is crossed and held, next resistances will be at 22301, 22449 and finally 22526. In case the hurdle of Mid-channel resistance is not crossed the support levels for Nifty will be at 21877 (50 days EMA), 21710 and finally 21544. Shadow of the candle is neutral with positive bias indicating consolidation in the range or a further up move.
#NIFTY Intraday Support and Resistance Levels -05/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22500 level and then possible downside rally up to 22380 in today's session. in case nifty trades Above 22570 level then the upside target can go up to the 22690 level.
NIFTY LEVELS AND ZONE 05/04/2024 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between zones.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. NSE:NIFTY
Chart says JUST DO IT...Last year after the Ukraine was there was such a panic in the market. People were selling their precious shares at whatever price they could not expecting an adverse event or a fall is an adverse event in itself. In stock market there will be ups and there will be downs...Become a long term investor in Equity. Even the chart today says JUST DO IT as Nifty touches All Time high of 22619.
At this juncture there is a very strong trend line resistance from where there was a drastic fall. The support levels indicated in earlier messages / posts were tested as the Nifty again jumped after taking the support near 22303.
Nifty ended the day again finding itself trapped at 22514.65 which is a strong resistance zone indicated since many days between 22500 and 22530. Once Nifty gives a closing above this zone there will be strong bullish moves across the sectors.
Until then Nifty Supports will be at: 22470, 22417, 22350 and finally 22164.
Nifty Resistances will be at: 22520 to 22530, 22587, 22636, 22690, 22787 and 22830.
In the long run investing in fundamentally strong stocks that are giving a technical is a great idea. So... JUST DO IT .
NIFTY - Ready to Launch into 27000 levelsGETTEX:NSE : NIFTY
NIFTY Index since its inception in 1990 - completed Wave 1 in 2008 followed by Wave 2 with FIB approx 0.5 Fib level retracement.
Then continued wave 3 impulse wave until COVID impact with a sharp correction(retracement) to 0.382 fib level marking the completion of wave 4.
when waves 1 and 3 neither of them are extended and wave 4 retracement is only 0.382 fib level, a most likely scenario of wave 5 is extended till 1.618 FIB extension (~27100 Level)
This long-term possibility could take months to make due to macro global and political as well.
However, the current position of INDIA in the Technological and Political Landscape globally. I truly believe this possibility is a quick one to achieve.
#nifty Intraday setup for 04 April , ThursdayGifty nifty is trading on a positive note, around 50 points up from yesterday's closing, which is a sign of a small gap up or flat opening. The market range is tight from the last three trading sessions (22,520 to 22,400 ).
Intraday Range: 22,520 to 22,400
Considerable long above 22,520 for the target of 22,600/22,640
Considerable Short below 22,400 for the target of 22,350/22,300
Nifty key levels for 28th March | Expiry TradeStay ahead of the curve with our daily NSE:NIFTY key levels!
NIFTY key levels for tomorrow.
We booked profit of 120 points in BankNifty today.
Overview:
Here are the key levels to watch for potential entry and exit points in
BANKNIFTY
Resistance Levels:
- Refer the Red line on the chart
Support Levels:
- Refer the Green line on the chart
Trading Strategy:
- Long Position:
Consider initiating long positions near support levels only after reversal confirmation for potential upside movement.
- Short Position:
Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement.
Risk Management:
- Always use stop-loss orders to protect against adverse market movements.
- Consider position sizing based on risk tolerance and account equity.
Disclaimer:
These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Thanks
Again the same resistance stopping Nifty from Progressing. Again Nifty is facing the same resistance as we have seen for the last 2 days as Nifty returned from the day's high of 22521. However the support came from the expected level mentioned yesterday i.e.22346. Most important turning point on either side can be US FED Chair Jerome H. Powell speech about Economic Outlook. (At the Stanford Business, Government, and Society Forum, Stanford, California). This will give definitive direction to global and Indian markets or atleast it will have a strong effect if not give direction. The support and Resistance remain same as yesterday.
Nifty Supports: 22417, 22350, 22315, 22252 and finally 22143.
Nifty Resistances: Range between 22500 and 22530, 22597, 22690, 22787 and channel top will be near 22830.
ZENSARTECH#ZENSARTECH
ZENSARTECH Good for Holding around 6 TO 9 Months ..... Current Price at 621.50 ......... Keep SL at 594.35 .... (On Closing Basis ... Means ... Daily Candle closed Below 594.35 )….. After Close Crossing 644 …. Trail SL to 639 Targets are Shown on Chart in Greens .
Key Partnerships
Cloud Computing: The co has partnered with Microsoft Azure, Adobe, Amazon web services, Google cloud for CX, Software Engineering, Cloud & Data Relationships
Enterprise application: The co has partnered with Oracle, SAP, Salesforce, and Guidewire for enterprise applications transformation.
Business segments
Digital and Application Services (~83% of total revenue in FY22): It includes Custom Applications Management Services that include Application Development, Maintenance, Support, Modernization and Testing Services across a wide technology spectrum and Industry verticals.
Digital Foundation Services(~17% of total revenue in FY22)
Infrastructure management services includes Hybrid IT, Digital workplace, Dynamic Security and Unified IT provided under managed service platform using automation, autonomics and machine learning.
As of Q3FY23, Net cash of $179.4M
As of Q3FY23, Total headcounts stood at 10,845
#NIFTY Intraday Support and Resistance Levels -03/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22440 level and then possible downside rally up to 22320 in today's session. in case nifty trades Above 22500 level then the upside target can go up to the 22620 level.
As Depicted Yesterday Nifty is facing a resistance zone.As mentioned yesterday Nifty is getting trapped in a mild resistance zone after making a new ATH near 22529. This resistance zone is between 22477 and 22529. It looks like Nifty needs a little bit more consolidation to cross this zone. If this zone is crossed the next resistances for Nifty will be near 22597, 22690 and 22787. Supports for Nifty remain at 22388 and 22350. The zone between 22300 and 22252 will be a strong support zone in case of a fall with Mother line support of 50 EMA at 22268 (Strong Support). Very interestingly poised is nifty with shadow of a candle little bit on the negative side.