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NIFTY INTRADAY LEVELS FOR 12/08/2024BUY ABOVE - 24380 SL - 24320 TARGETS - 24440,24530,24590 SELL BELOW - 24320 SL - 24380 TARGETS - 24270,24200,24110 NO TRADE ZONE - 24320 to 24380 Previous Day High - 24440 Previous Day Low - 24320 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty 50 analysis for coming week for 12th August to 16th AugustThis chart of the Nifty 50 Index on a 15 minute timeframe includes a Rising Wedge pattern and highlights several key levels and potential price movements. Here's the analysis: Key Levels: Immediate Resistance Levels: 24,516: A potential breakout point above which the index might move higher. 24,837: Another significant resistance level to watch if the price moves upward. 25,000: Key psychological and resistance levels that could be tested if the bullish momentum continues. 25,100: The upper target for a strong bullish move. Support Levels: 24,385 (PW-VAH): Previous Week Value Area High, acting as a support zone. 24,265 - 24,228 (PM-POC): Previous Month Point of Control, an area where the price might find support. 24,140 (PM-VAL): Previous Month Value Area Low, a crucial support level. 24,000: A key psychological support level, also indicated on the chart. 23,920, 23,809, 23,681, and 23,595: These are lower support levels, potentially in play if the price breaks below 24,000. Chart Patterns: Rising Wedge: A bearish pattern that suggests the price might break downwards after consolidating. It is currently testing the upper boundary of this pattern. Predicted Movements: Bullish Scenario: If the price breaks above 24,516, it could move towards the 24,837 level. Further upward movement could target 25,000, 25,057, and possibly 25,100 if the bullish momentum is strong. The green arrows indicate the possible upward targets. Bearish Scenario: If the price fails to break above 24,516 and starts to break down from the Rising Wedge, it could retest lower levels like 24,385, 24,265, and 24,228. A significant break below 24,000 could lead to further downside, targeting 23,920, 23,809, 23,681, and 23,595. The red arrows indicate the possible downward targets. Conclusion: Upside Potential: A breakout above 24,516 could lead to a test of higher levels up to 25,100. Downside Risk: A break below 24,000 could initiate a stronger bearish move, targeting the lower support levels. The movement will likely depend on how the price reacts around the 24,516 level and whether it breaks the Rising Wedge pattern upwards or downwards.
NSE:NIFTY
by Nivesh_Labs
Nifty Consolidating? What's Next?After a turmoil in the US and Japanese market, the ripple effect led the Indian markets to fall on an average 4% on Monday. This crash has led to correction of an overvalued market, as per analysts. The market seems to be at a decent valuation and investors who have missed the opportunity, might enter and join the bandwagon of India's growth story. Let us look at Nifty50's chart on Daily Timeframe: Previous support: 23890 a level where price should stay and give a bullish sign: 24211
NSE:NIFTY
by iAhadKhan
#NIFTY Intraday Support and Resistance Levels - 09/08/2024Market Outlook for Nifty: Opening: Expected to open with a gap up near the 24,350 level. Resistance Zone: Nifty will encounter a strong resistance between 24,350 and 24,400. Potential Reversal: If a reversal occurs at this resistance zone, the downside could extend to 24,100. Extended Downside: Further downside is possible if Nifty trades below the 24,050 level, potentially reaching 23,850. Bullish Scenario: A strong bullish rally is only expected if Nifty sustains and trades above the 24,400 level.
NSE:NIFTY
by TradZoo
NIFTY INTRADAY LEVELS FOR 09/08/2024BUY ABOVE - 24200 SL - 24110 TARGETS - 24270,24360,24440 SELL BELOW - 24110 SL - 24200 TARGETS - 24010,23900,23800 NO TRADE ZONE - 24110 to 24200 Previous Day High - 24360 Previous Day Low - 24110 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 08/08/2024BUY ABOVE - 24360 SL - 24270 TARGETS - 24440,24530,24590 SELL BELOW - 24200 SL - 24270 TARGETS - 24130,24010,23900 NO TRADE ZONE - 24200 to 24360 Previous Day High - 24360 Previous Day Low - 24200 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 07/08/2024BUY ABOVE - 24130 SL - 24010 TARGETS - 247220,24360,24440 SELL BELOW - 24010 SL - 24130 TARGETS - 23900,23800,23740 NO TRADE ZONE - 24010 to 24130 Previous Day High - 24360 Previous Day Low - 23900 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY ANALYSIS FOR 06 AUG 2024BUY ABOVE - 24130 SL - 23990 TARGETS - 247220,24360,24440 SELL BELOW - 23990 SL - 24130 TARGETS - 23900,23800,23740 NO TRADE ZONE - 23990 to 24130 Previous Day High - 24360 Previous Day Low - 23900 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIfty Analysis support and resistence1. Nifty 50 Index Overview: - The Nifty 50 Index represents the top 50 stocks by market capitalization on the National Stock Exchange of India (NSE). It covers 13 sectors of the Indian economy and serves as a benchmark for fund portfolios and index funds. - As of the most recent data, the Nifty 50 has been performing well, with a year-to-date gain of 14.31% and a 1-year return of 26.33%. 2. Recent Market Movements: - On July 23, 2024, after the Union Budget presentation, the Nifty experienced a slight retraction. - However, on July 26, 2024, it rebounded and reached an all-time high of 24,861 points. - This raises questions about its next move. 3. Concerns and Analysis: - The closing at 24,055 points (lower than the previous close on July 23) indicates potential weakness. - Significant volume and increasing volatility suggest heightened market activity. - Such conditions can be risky for investors, as sudden swings may lead to losses. 4. Cautionary Note: - Traders and investors should closely monitor the Nifty 50 chart and consider risk management strategies. - While the market has shown strength, caution is warranted due to the volatile environment. Remember, market predictions are complex, and various factors influence them. Always consult with a financial advisor before making investment decisions. 📈📉
NSE:NIFTY
by mittalanugrahit
NIFTY INTRADAY LEVE;S FOR 05 AUG 2024BUY - 24780 SL - 24710 TARGETS - 24850,24900,24960 SELL - 24710 SL - 24780 TARGETS - 24660,24590,24530 NO TRADE ZONE - 24710 to 24780 Previous Day High - 24850 Previous Day Low - 24710 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
#Nifty50 analysis for upcoming week 5th-9th Aug 2024#Nifty50 stumbled this week, closing at 24717, a 110-point drop from the previous week. While it danced between 25078 and 24686, staying true to its predicted 25400-24300 range, underlying daily chart weakness is undeniable. Yet, the weekly and monthly perspectives remain bullish. Expect Nifty to continue its tightrope walk between 25000 and 24400 next week. A breakout on either side could ignite significant volatility. A potential support level of 24400 might be a sweet spot for new long positions. However, the looming RBI policy announcement on August 8th could trigger another selling wave. Until then, cautious optimism and controlled positions are key. Meanwhile, the S&P500 experienced a 5% correction from its 5566 peak, finding support at the WEMA21 level of 5300. If this support holds, a fresh upward rally towards 5400, 5433, 5500, or even 5566 could be on the cards, potentially buoying Indian markets. Let me know your views in the comments section. thanks for reading
NSE:NIFTY
by ssudhirsharma11