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Niftylevels

Nifty is in down trendPrimary Trend for a week on a 15 min time frame is uptrend. But last 1 one hour of previous trading day there was a huge selling. Nifty has fallen about 300 points and closed at 17111.06 that is below near weekly pivot of 17102.55. Nifty is trading between 16800 to 17400 for 2 weeks. Everytime it broken 17000 on lower side it took support around 16800 to 16900 and bounced back to 17000. In previous fall there was a support around these levels that's holding the nifty from falling. Because of weakness in global markets SGX nifty indicating open gapdown about 200points at 16900. That is Far below daily pivot of 17177.82 and weekly pivot of 1722.97
NSE:NIFTY
by Kathirvel-DRaj
Nifty 50 Updates for next week April 24Continuing the analysis of Nifty50 as per the idea shared on April 19, the following are the events that unfolded. 1. Price reversed from the PRZ at 0.886 (17150) and found resistance at the confluence of the last swing high and the trend line coming from the top at 17300, triggering a late sell-off on April 19 - on the back of some news related to the Russia Ukraine war 2. The sell-off was so severe that Nifty50 breached 17000 and met the 1.13 PRZ at around 16870 levels in a flash 3. When everybody had turned bearish, the next day, April 20, saw a gap up opening above 17000, and the index posted a splendid recovery until 17500 levels on April 21, creating a highly bullish candle 4. At this point, Nifty50 had formed a half-bat pattern as shown - with 17500 as a powerful resistance level 5. When everybody was bullish because of the strong closing on April 21, the index surprised everyone with a gap down around 17240 levels - thanks to the half-bat pattern! 6. The day continued to be bearish, with Nifty closing around 17170 levels on the spot 7. During this same period, world markets have been bearish, with Dow falling almost 2000 points till the closing on Friday (April 22) and SGX nifty closed on Friday around 17000 levels after our market hours. 8. Coming into the last week of April, Nifty50 is posted around a critical range between 16800 and 17500. An ABCD pattern is visible from the point of rejection around 17500. 9. Now, coming to the possibilities for the week, these are the things that could happen a. Nifty50 opens gap down on Monday per the global cues and breaches the 16800 levels - this will activate the ABCD and the probability of testing levels around 16230 opens up. b. Nifty50 opens the gap down and regains 16800 levels forming a double bottom around these levels. In this scenario, two things can happen i. Nifty50 goes sideways and trades in a range between 16800 and 17500 with high volatility ii. Nifty50 gains momentum and breaks the 17500 barriers to become bullish and thus will form a ‘W’ pattern to scale 18000 in the May Series 10. Looking at the news flows over the weekend, things are very mixed - ICICI Bank has posted a good result, as Reliance - Future Retail deal off is not a good sign 11. Overall an exciting week ahead - we will keep you posted on how the views pan out as things evolve
NSE:NIFTY
by CodeViser
NIFTY | Might see a big drop.When it comes to the technical analysis of NIFTY, you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:NIFTYShort
by maxprofwizard
Simple Trade Setup | NIFTY | 18-04-2022 [INTRADAY]NSE:NIFTY Trade Setup for 18-04-2022 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 levels. 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
by Trading_hawk
Nifty-08/04/2022-LevelsHello Traders, Nifty-08/04/2022-Levels ------------------------------ If Market Opens as a- GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL) FLAT: Support of IMP (BUY) – Rejection of PDL (SELL) GAP-DOWN: Support of S@1 (BUY) – Rejection of PDL (SELL) ------------------------------------- Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- PDH-> Previous Day High PDL-> Previous Day Low PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones M_S -> Major Support S_H -> Swing-High S_L -> Swing-Low D_T -> Double Top D_B -> Double Bottom T_T -> Triple Top T_B -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
NIFTY 50 Trend AnalysisScenario 1 The chart pattern looks like a descending broadening wedge which is a bullish continuation pattern. I am expecting bottom to be around 15000-15300 levels if the above mentioned pattern plays out. For more confluence to my idea, you can check volatility index and dollar index linked below. VIX is at reversal point with bullish divergence in RSI and DXY was long posted but still following what I mentioned then. Now it is about to break out of the bull flag and head higher. Both these will add more bearish pressure to stocks. Death Cross is also likely to play out in couple of days, which is also highly bearish. Scenario 2 If 16800 level will provide support then reverse H&S pattern will play out. Scenario 2 is more likely because most of the stocks already bottomed out and will make higher low for bullish continuation. Will see what happens. Peace!!
NSE:NIFTYShort
by Swastik24
NiftyHello & welcome to this analysis on NIFTY After a few days of sideways consolidation Nifty appears to have completed its correction yesterday. It faces resistance at 17380 / 17440 (going by current SGX Nifty its trading well above it) and then at 17650 / 17800. Failure to take out 17650-17800 zone could see long unwinding and selling pressure till 17000 or lower, whereas above that zone the trend line resistance near 18150 becomes a target. 17275 appears to be a strong support now for the settlement.
NSE:NIFTYLong
by Dinesh_C_Nagpal
NIFTY : Analysis for 22nd MarNifty traded as per our yesterdays levels today its traded between one range and taking support & resistance accordingly. once we can see bullish candle near support or Bearish candle near resistance we may enter with small SL. You can study at your side before entering in trade. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:NIFTY
by ChartsSpecialist
After eventful day, Nifty is still look bearish1. Nifty is trading in descending channel, it had almost touched the upper trendline but short covering happened when it went near that trajectory, same level represents resistance zone at 16800. 2. I often use Bollinger Band to asses the pick and the bottom of Nifty on daily time frame, where I observed constant rejection from mid-line of Bollinger band, somehow it is not going above it. 3. Nifty has retraced 50% from the high of 2nd feb. as long as it is below 16800, it is difficult to stay long in the index. expecting index to retest 16400 and 16200 levels again. Excited for tomorrow to see where the nifty weekly candle gets close.
NSE:NIFTY1!
by OK_Rane