12 OCT 2023 NIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if nifty sustains Above 19800 and takes Support from 19800 then open target for T1-19840, T2-19860,T3-19900
If the nifty gap up opening sustains Below 19800 and takes resistance below 19800 then the open Targets for T1-19760, T2-19700,T3-19680
Major Levels 19800,19840,19760
If the market stands in this area of 19840 to 19780, then it is possible that even today the market will remain in the range.
Niftylevels
NIFTY--Bullish Gap or Bearish 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.
NIFTY--Broken Trendline??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--19400 or 19700 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.
Will NIFTY Bullish momentum continue?As we discussed in our last analysis that it returned back to channel it will be bullish and it gave 2 days back to back bullish momentum. But now we can see its on confusing if it's a breakout or still in the pattern. once its out of the pattern it will be going bullish. by looking at the chart market seems to be sideways for tomorrow.
Reasons:
Inverted HNS target is 19800 that has not achived yet. if it opens high it will have a resistance at 19800.
19800 is also price action resistance.
Downside 200 EMA and Price action level will be providing the support.
RSI is in bullish zone (> 60) but having bearish divergence.
Trendlines are confusing its not a clear breakout for falling wedge pattern.
it's having 2 cases: case-1 and case-2. that is marked on the chart.
Verdict:
observe 15 min market and follow case-1 or case-2
Plan of action :
SELL 19500 PE + SELL 19750 CE once bullish momentum gets confirm exit 19750 CE.
Head & Shoulder pattern breakout in NIFTYNIFTY 50 INDEX
Key highlights: 💡⚡
✅On 15 Minutes Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 19815+.
✅Can Go Long in this stock by placing a stop loss below 19500-.
#NIFTY Intraday Support and Resistance Levels - 06/10/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19580 level and then possible upside rally up to 19700 in today's session. in case nifty trades below 19530 level then the downside target can go up to the 19410 level.
Nifty for 6th October 2023 - Weekly ClosingAs Expected ( Please refer to the linked post) Nifty opens with an up gap at 19521, which is near immediate resistance i.e. 19544-19550.
Since it was a gap-up opening of approximately 100 points and near resistance, creating new long positions immediately makes no sense.
Why was I expecting a Gap-up opening today?
1. Prices bounced twice from the support area during the day.
2. Prices closed well ( in spite of weakness during the day)
3. RSI was at support ( 40 levels)
4. Hammer-like candle formed at support
Today's Price Action
1. Opened Gap up
2. Prices Halted at resistance during the first hour.
3. No sell-off from resistance.
4. Prices consolidated around the resistance area( 19544-19550)
5. Higher High, higher low, gap up indecisive candle.
Expectation for Tomorrow - Friday, 6th October 2023
1. Prices might open with an up gap tomorrow, how far don't know.
2. Immediate Resistance @ 19638
3. Prices should sustain the 19543 level for a move towards 19638 levels.
4. Expecting 80-100 points move tomorrow.
Why am I Expecting a Gap up tomorrow
1. No sell-off after a gap-up opening near resistance
2. Prices consolidated well on the hourly and 15-minute chart
Will bull be able to hold NIFTY today?NIFTY yesterday was total bearish but in 2nd half Bulls came and took charge and all market reversed back in bullishness.
as PCR = 0.85 (Bullish) and also market is back into pattern. so its assumed that bulls will be taking control of today's moment.
Reason :
Chart is back in the pattern will full yesterday 2nd half bullish.
PCR is 0.85 (Bullish)
MAX pain: 19350 and 19500
RSI is still in 40-60 means continiously increasing means bulls have power.
Verdict :
Bullishness is expected
Plan of action:
Observe 15 min Candle if bullish
Sell 19350 PE
#NIFTY Intraday Support and Resistance Levels - 05/10/2023Nifty 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 19430 level then the downside target can go up to the 19310 level.
Nifty Prediction for Tomorrow 5th October 2023Nifty opens with a down gap at 19446 vs. the previous close at 19528, approx 80 points lower.
Lost another 50 points post opening in the first hour and tested immediate support at 19392.
Took or you say tried to hold the support in the next hour though couldn't sustain in the following trading hours and fell further until the next support at 19331.
Then again recovered from the support and closed near its open price i.e. 19436, forming a doji candle at the support zone of 19392-19331
Rsi is trailing at 40.15 levels.
Rsi and price both closed at support, suggesting some bounce in price tomorrow and we might see a gap-up opening tomorrow around immediate resistance approx 100 points higher.
Tomorrow can be a volatile day.
The gap created today would act as an immediate resistance.
Immediate Resistance: 19544- 19550
Nifty 50: October week 1 Weekly Market SetupWeekly Review
Nifty 50 declined by 0.18% last week to close at 19,638. The major meltdown was seen on last Thursday (weekly expiry) where the index lost close to 200 points where it touched its key support around 19,495 as per our expectations too. While broadly market is now showing mixed sentiments and is largely looking to be a stock specific trading only.
Week Ahead:,
On Daily charts, technical indicators shows bulls giving a good fght to pick up pace for what all the gains were lost in previous few weeks. Momentum is starting to build u but higher levels at 19,740-795 remains key hurdle to continue the larger rally. On the lower side 19495, 19438 and 19376 are important support to hold on.
From levels perspective, I believe it has been quite a downfall and we should see some uptick or a sideway markets now but to say further the outlook would completely depend on how Q2 numbers starts rolling out and what holds post RBI’s MPC meeting results.
*Disclaimer*: I am not SEBI registered analyst and hence the above market outlook is for only educational study and research purposes only. In no way do I endorse this opinion to take a trade or for any investments in markets in any form by any Participant. Be a responsible investor with proper risk management and keep learning as a true focus.
#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 ANALYSIS FOR 27th September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 27th 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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Are Bulls back? || Will nifty take support from here? 26 SEP As we have have been discussing nifty fall. Now nifty has proven to 0.5 Fib Level 1H-TF as a good support Level.
yesterday it has also taken a nice support at this level. we are assuming nifty to be in the range 19630 - 19800. Detailed levels are marked on chart.
Reasons :
PCR = 0.81 (Mild Bullish)
RSI Bullish diversion.
Channel is coming to end of break.
RSI Lower Support level might bounce back to bullish zone.
Heavy CE writing on 19700 level.
Heavy PE writing on multiple levels 19600, 19500, 19400. Max pain 19700. if 19700 breaks easier to go higher.
Verdict :
Mild Bullish ( Range 19630 - 19800)
Plan of action:
Hold previous 19750 Straddle, or create a new by checking 15 Min Candle.
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.
Indices for 26 September - Bullish but profit booking expected Today nifty gave a flat closing looking to end bearishness amid pullback and so is for banknifty and finnnifty . Structure is slowly turning to bullish but the view remains cautious bullish.Buy on the dip and sell on rise strategy to play with bullishness