NIFTY--Trading in a channel??Keep in long even if price comes down.
as long as price is in a channel keep in long side only....
no sign of bearishness as of now in nifty...
If 19700 holds then it will soon touch the ATH.
If price breaks the channel then will thin of short side, after a retest is done.
Thanks for your support and Encouragement. Trade safe.
Niftylevels
Nifty trying to break free. Election Result can shake the tree.Nifty is trying to break free from the shackles and move towards 20K+ but the only thing that can topple the apple cart is the election results. If there is something that happens which goes against the general public opinion or a shock. We might see some volatility or even negativity. It can go either way as of now. The supports for Nifty on lower side are near 19816 and 19702. In case we get a closing below 19702 the next support will be near 19547. Resistances on the upper side for Nifty will be at 19913, 19984, 20049, 20108 and finally 20206. Above 20206 the channel towards 20500 will open up.
#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--19600 or 19950 ??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.
They serve as key reference points for technical analysis.
After taking the liquidity at 19600 levels.. price have the chance moving upside, to test 19950 levels...keep safe before short below 19600...
#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 - 22/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19800 level and then possible upside rally up to 19920 in today's session. in case nifty trades below 19760 level then the downside target can go up to the 19640 level.
NIFTY--Inverse Head and shoulders Pattern??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.
They serve as key reference points for technical analysis.
#NIFTY Intraday Support and Resistance Levels - 16/11/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19660 level and then possible downside rally up to 19540 in today's session. in case nifty trades above 19690 level then the upside target can go up to the 19810 level.
NIFTY--@Manipulation??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.
They serve as key reference points for technical analysis.
Still it has some more bullishness before going to fall...Early shorts (sellers) will be out with this move...Keep safe on bottom demand lies at 360 zone as marked yesterday...if tomorrow comes looks for buy only... .
NIFTY MUHURAT TRADING SETUP -HAPPY DIWALI 2023Happy Diwali To Everyone. After Gap up opening if nifty starts trading above 19450 level then possible strong upside rally upto 19570+ level. Any downside possible below 19420 level. Higher volatility in market. So keep less lot size on this Muhurat trading session.
NIfty50 Levels for 12-11-2023 MuhuratNSE:NIFTY Intraday Levels for 12-Nov-2023
Wizard Levels/Zones
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen, so kindly do your own analysis and my view. Thank you for your SUPPORT
#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 Intraday Support and Resistance Levels - 09/11/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19460 level and then possible upside rally up to 19580 in today's session. in case nifty trades below 19420 level then the downside target can go up to the 19300 level.
NIFTY--19500 Is Resistance?? price broken the trendline and retested...then gap down or gap up.
we have a strong demand zone at 19360level...price may again rise from this level..
previously 19500 is a strong resistance,
if price again acts as resistance in this zone will observe a fall up to 19300 and 19200 levels.
otherwise price breaks the resistance and have chances of testing the 19600 and 19700 levels.
keep safe before short....wait until it touches the resistance resistance level @19500.
NIFTY Prediction for 9th NovAs we discussed, a neutral view of NIFTY moved sideways the whole day by gaining +36 points.
Right now, NIfty is at a really crucial point where it might go from the 19550 to the upside, where it might face the 4H-TH trendline as resistance. Tomorrow's nifty has expiry, which means it might be sideways with high probability. Expiry is likely to end in 19350-19450.
Reason:
Expiry day for Nifty (Mostly Sideways)
50 EMA day TF resistance to upside. (Resistance)
Price > EMAs (Bullish)
RSI is 40-60 mostly Sideways.
Price action resistance to upside at 19460.
PCR = 0.88 (Neutral) (Put:Call Ratio)
Verdict:
Sideways
Plan of action:
don't go for option Buyiing. let it make the range and then make iron condor.
Nifty prediction, Will Continue the Bullish trend?As Nifty has been continuously increasing for the past four days, it has been purely seller day. The market is consolidating in a range of 70-80 Points. We have performed Top a top-to-bottom approach where we see a trendline that is marked over the chart. Nifty seems to touch the 19550 levels by this week's expiry.
Reason:
Price > EMA(13,50,200) (Bullish)
Golden crossover (Bullish)
PCR = 1 (Bullish)
RSI > 60 (Bullish)
200 EMA support downside.
Verdict:
Bullish
Plan of Action:
Sell PE on lower Points. Don't go for option Buying based on the last four days moment.
NIFTY--Head & Shoulders Pattern ??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.
They serve as key reference points for technical analysis.
Nifty is at important zone of resistance...If price fail to take the support at 19360 levels again and falls below this level, we have a chance of H & S pattern, keep safe before long.
NIFTY INDEX OUTLOOKNSE:NIFTY
Nifty 50, in the hourly chart, is in the final leg of correction, forming a zigzag corrective pattern of 5-3-5. It has completed wave 3 of wave C at 18837.85. A triangle pattern is in formation in wave 4 of wave-C, which can go up to 19315 - 19360 region. For major correction to complete, Nifty 50 is likely to form a new low of wave 5 of wave C between 18740 - 18640, where it also has gap support.
CRUCIAL LEVELS
INTRADAY: 19244, 19235
DAILY:19195, 19125
NIFTY--Inverse H&S PatternI 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.
They serve as key reference points for technical analysis