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Niftylevels

NIFTY prediction for today 20 Dec 23As we discussed, nifty will be forming a double top. It has completed the double top, and 21500 worked a nice resistance. Now, for today, 21500 will be acting as a nice deciding line. If it breaks above and consolidates upside, then it might go higher; otherwise, 21500 might work as a turning reversal point for Nifty. Reasons: DOUBLE Top formation is already completed. In the last 30 minutes, there was a lot of pressure from sellers with great power. (Bearish) Ascending triangle pattern completion is there, which shows the trend might continue. OI has PCR 0.99, is bullish, and 21400 has quite nice additional PE writing. (bullish) RSI is 40-60, which means it is mostly sideways. Price > EMAs(13,50,200) shows bulls are still having market control. (Bullish) 21300 will be providing a nice price action support point. If it breaks to the upside, 21650 will provide a nice target point. Verdict: If it breaks to the upside, Sideways or Bearish might go bullish. Plan of action: Observe 15-minute candles and be on the selling side. Follow the analysis.
NSE:NIFTY
by finnova_
19 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap down After A gap down opening if Banknifty sustains Above 48000 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48500 If the Banknifty flat opening sustains Below 47600 and takes resistance below 47600 then the open Targets for T1-47500, T2-47300,T3-47200 Major Levels 48000,47800,47000 If the market stands in this area of 48000 to 47800 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
NIFTY Prediction for tomorrow 12 Dec 23As we discussed yesterday, NIFTY did take resistance from the given resistance line and was sideways the whole day. For tomorrow, Nifty is expected to move into the inner zone. Two possible cases are explained in the chart. In case 1, it will be sideways in close range. If case 2, it might give you a little momentum to the downside. Reasons: EMA 50 is providing a nice support. on the upside trendline provides a nice resistance trendline. 20850 will be acting as a good Price action support point. PCR 0.93, which is bullish, but if we check OI the whole day, it was more of a round-off. Few new positions were created. People are waiting unless it's direction to be decided. RSI is 40-60, which is mostly sideways. according to OI 21000, it is working as MAX Pain, which is also a good psychological level. Price > EMAs, which means bulls are strong. Verdict : Sideways Plan of action: Sell 21000 CE and protect it with hedging.
NSE:NIFTY
by finnova_
2
NIFTY Bull prediction for tomorrow As in my last analysis we discussed, NIfty has given the breakout to bulls side it has broken the highest high. Now it's expected to move higher HIGH. most levels have been marked on chart. I am exxpecting it to retrace to 20200 levels and then once bulls take the charge nifty is going to touch above resistance trendline. It's having mild Bearish deivergence. but that can be fixed during consolidation or retesting the 20200 level. I am expecting it to retest and than move to 20500. Reasons: NIFTY has aleady given the breakout. trading all time high. (Bullish) PCR = 1.19 (Bullish) 20200 is having huge PE writing means good strong support level. (Bullish) Upside we have good CE writing at 20400. So, traders are waiting for retest to sell lower point. (Bullish) RSI is already in the Bullish zone. (Bullish) Verdict: Strong Bullish Plan of action: Sell 20200 PE and Buy 20250 CE once Bull trend confirms after retest.
NSE:NIFTYLong
by finnova_
01 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap up After A gap up opening if Banknifty sustains Above 44500 and takes Support from 44600 then open target for T1-44700, T2-44900,T3-45000 If the Banknifty Gap up opening sustains Below 44400 and takes resistance below 44500 then the open Targets for T1-44300, T2-44200,T3-44000 Major Levels 44500,44400,45000 If the market stands in this area of 44600 to 44800 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
📈 Nifty's Current Situation: A Simple BreakdownToday, Nifty, the benchmark index of the Indian market, made a noteworthy move, inching close to its all-time high. Let's break it down: went up by more than 1%, coming close to its all-time high. Here's a closer look: What's Up with the Market 📊: Nifty's recent jump got it close to its highest-ever levels. Sounds good, right? But there's a challenge—it's right at a powerful supply zone where the market often faces a tough time. What the Charts Are Saying 📈: The quick climb has made Nifty stretch a bit from its average Price (EMA20). History says Nifty usually comes back to EMA20 after a speedy rise. So, brace yourself—a correction might be on the way. Looking deeper, it seems Nifty has a habit of taking a breather near its EMA20 after moving up fast. This time seems no different, hinting at a possible slowdown. What to Expect 🎯: In simple terms, be ready for a possible cool-down from the Supply zone. While quick rises catch eyes, a steadier climb is usually better for a strong trend. But here's the twist—if Nifty breaks through this tough Supply zone, we might be in for more highs. 🚨 Watch Your Steps: Nifty is benchmark index of the Indian market, Since Nifty is close to this tricky zone, it's wise to be careful. Set your safety nets (stop-loss) smartly, based on how much risk you're comfortable with. Final Words & Reminder 📝: Interpreting market signs is part skill, part instinct. This guide is here to help you learn, not as professional advice (I'm not a SEBI registered analyst). Just sharing insights for you to learn. Keep it smart out there! Trade Smart, Navigate Cautiously! 💹✨ Lastly, Thank you for your support! Your likes & comments . Feel free to share your thoughts and feedback in the comment section.
NSE:NIFTY
by AfnanTAjuddin
1