#NIFTY Intraday Support and Resistance Levels -03/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22440 level and then possible downside rally up to 22320 in today's session. in case nifty trades Above 22500 level then the upside target can go up to the 22620 level.
Niftyprediction
Nifty and Bank Nifty analysis for tomorrow, Wednesday. 3rd AprilNifty and Bank Nifty analysis and trade plan for tomorrow, Wednesday. 3rd April
Hello, my name is Rahul Bora, I am an intraday trader from Assam, every day I try to share my trade plan for next day, for Nifty and Bank Nifty based on Fibonacci levels and price action only. Whatever I share in these videos, are purely my personal opinion, and not a trade advice in any sense. Viewers are advised to take their trades based on self analysis and own risk taking capacity only.
#NIFTY Intraday Support and Resistance Levels -02/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22500 level and then possible upside rally up to 22620 level in today's session. in case nifty trades below 22440 level then the downside target can go up to the 22320 level.
Nifty Short , Medium & Long Term View- 02-Apr-24 to 05-Apr-24Nifty Short, Medium & Long Term View- 02-Apr-24 to 05-Apr-24
Nifty closed at 22462 on 01-Apr-24 (22096 on 22-Mar-24) and touched low & high of 21893 & 22517
RSI and stochastics levels have improved last week (61% & 92% Respectively).
Market was volatile in the month of March and in the end of the month started to increase.
Market touched new high on 01-Apr-24 (22522).
Refer to detailed comments in the bottom on market and election outcome.
Nifty IT 35042 (35188) - Nifty IT marginally decreased. To continue hold and buy on dips. Nifty IT touched 20 days before new high (38550) and started falling. Major support at 34918 /34000. Can add more at 33288 with Target 40000.
Nifty bank 47578 (46863) -To continue buy on dips. As expected Nifty Bank increased in the last 2 weeks. It is nearing the initial Target 48618 (All time high).
support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips.
Nifty 22462- Short & medium term (Neutral)
Nifty moved up in the last week touched new high 22522. As mentioned for the past three weeks, Fibonacci extended resistance ( target) is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty next target 22819 (Fib Resistance)/23000.
Short term Support - 21900, 21721 (Mar Low)
Medium term Support at 21554 (Fib Support),21300, 20877 Fib Support as shown in the chart.20225 (prev high), 20000 ( Fib Resistance)
Long Term
Market expected range bound between 23300 ( Trend Line Resistance till May 2024) to 19500 expected in 2024.
Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Market Awaiting for the Q4 results to take a cue.
Comments :
Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000.
Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions.
Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range.
Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000.
Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank in nearing the target provided (48600). Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Continue to buy on dips.
As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
Nifty and Bank Nifty analysis for tomorrow, Tuesday. 2nd AprilNifty and Bank Nifty analysis and trade plan for tomorrow, Tuesday. 2nd April | #nifty #nse
Hello, my name is Rahul Bora, I am an intraday trader from Assam, every day I try to share my trade plan for next day, for Nifty and Bank Nifty based on Fibonacci levels and price action only. Whatever I share in these videos, are purely my personal opinion, and not a trade advice in any sense. Viewers are advised to take their trades based on self analysis and own risk taking capacity only.
#NIFTY Intraday Support and Resistance Levels -01/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22370 level and then possible upside rally up to 22490 level & this rally can extend another 100-120 points if market gives breakout 22510 level in today's session. in case nifty trades below 22320 level then the downside target can go up to the 22200 level.also possible reversal downside 22490 level.
Midcap Intraday setup for Monday 01 April Multiple rejections from hourly resistance indicate that the index is still declining, so be defensive when opening the long positions above 10,575.
Intraday Range: 10,575 to 10,460
Long above 10,600 ( 25 points buffer to avoid the fake breakout )
Short bellow : 10,460
Nifty and Bank Nifty analysis for 1st April, MondayNifty and Bank Nifty analysis and trade plan for tomorrow, Monday. 1st April | #nifty #nse
Hello, my name is Rahul Bora, I am an intraday trader from Assam, every day I try to share my trade plan for next day, for Nifty and Bank Nifty based on Fibonacci levels and price action only. Whatever I share in these videos, are purely my personal opinion, and not a trade advice in any sense. Viewers are advised to take their trades based on self analysis and own risk taking capacity only.
NIFTY--Bull & Bear Trap?? Liquidity & More Liquidity ??Price is closed near the Support zone at 22000 levels...
we are still left with the liquidity below 21850 levels.
Bear Trap::
what happens if the liquidity cannot be done now...
If this time price failed to push downside more chances of fall below 21850 levels from topside.
If price opens up and continue to move upside there will be one more fall from the topside.
then the price won't respect the neckline as well, just gives pull back if possible, and eliminate all shorts, and it will continue its momentum towards top levels.
Those who are carrying the puts this time price manipulation done, by taking the price towards upside.
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Bull Trap::
When bear trap happens,
then price closing is given near the resistance levels,
then this time every one thinks that price is unable to break the bottom side,
so it is still in bullish and everyone then looks for long side.. by keeping the stop loss at 21850 levels, which is failed to break now.
this time price clears the stop losses at 21850 and again showing bullishness, this is pullback for short side continuation and again falls to grab all the liquidity below 21500 levels.
Sell setup::
look for short side when price comes to these area at Right Shoulder. If don't at least take care from this levels before long side.
A strong Bearishness is observed from the 22400 levels...
the right shoulder is strong one, after the liquidity grab on topside above Right shoulder, price again turns to be bearish.
and price comes to the downwards with strong bearishness mostly gap down occurs.
this time price breaks the 21850 levels and grabs all the liquidity.
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Points::
1.If we see the chart not only price forms a head and Shoulders in lower time frame also in Higher time frame as well.
2.price broken the trendline as well.
#NIFTY Intraday Support and Resistance Levels -28/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22180 level and then possible upside rally up to 22300 level in today's session. in case nifty trades below 22130 level then the downside target can go up to the 22010 level.
#NIFTY Intraday Support and Resistance Levels -27/03/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 22000 level and then possible downside rally up to 21880 in today's session. in case nifty trades above 22060 level then the upside target can go up to the 22180 level.
#NIFTY Intraday Support and Resistance Levels -26/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22100 level and then possible upside rally up to 22220 level in today's session. in case nifty trades below 22060 level then the downside target can go up to the 21940 level.
#NIFTY Intraday Support and Resistance Levels -22/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22030 level and then possible upside rally up to 22150 level in today's session. in case nifty trades below 21990 level then the downside target can go up to the 21870 level.
#NIFTY Intraday Support and Resistance Levels -21/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21870 level and then possible upside rally up to 21990 level in today's session. in case nifty trades below 21830 level then the downside target can go up to the 21710 level.
Nifty key levels for 21th March | Expiry TradeStay ahead of the curve with our daily Nifty key levels!
NSE:NIFTY key levels for tomorrow.
We booked profit of 120 points in Nifty today.
Overview:
Here are the key levels to watch for potential entry and exit points in
BANKNIFTY
Resistance Levels:
- Refer the Red line on the chart
Support Levels:
- Refer the Green line on the chart
Trading Strategy:
- Long Position:
Consider initiating long positions near support levels only after reversal confirmation for potential upside movement.
- Short Position:
Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement.
Risk Management:
- Always use stop-loss orders to protect against adverse market movements.
- Consider position sizing based on risk tolerance and account equity.
Disclaimer:
These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Thanks
Nifty analysis and trade plan for Wednesday. 20th MarchNifty analysis and trade plan for tomorrow, Wednesday. 20th March
Hello, my name is Rahul Bora, I am an intraday trader from Assam, every day I try to share my trade plan for next day, for Nifty and Bank Nifty based on Fibonacci levels and price action only. Whatever I share in these videos, are purely my personal opinion, and not a trade advice in any sense. Viewers are advised to take their trades based on self analysis and own risk taking capacity only.
#NIFTY Intraday Support and Resistance Levels -19/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22080 level and then possible upside rally up to 22200 level in today's session. in case nifty trades below 22030 level then the downside target can go up to the 21910 level.
NIFTY INTRADAY LEVELS FOR 18/03/2024BUY ABOVE - 22060
SL - 22010
TARGETS - 22120,22170,22210
SELL BELOW - 21980
SL - 22010
TARGETS - 21940,21900,21850
NO TRADE ZONE - 21980 to 22060
Previous Day High - 22120
Previous Day Low - 21940
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.
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#NIFTY Intraday Support and Resistance Levels -18/03/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21980 level and then possible downside rally up to 21860 in today's session. in case nifty trades above 22010 level then the upside target can go up to the 22130 level.
Nifty Monday 18 march - Overview for the day #gifty trading is slightly negative, around 40 points from our closing, a sign of a flat to small gap down. We saw a bounce from hourly support during the Friday trading session, so there is still hope for a bounce or a pullback in the short term.
Harmonic ABCD patterns will be activated at a rate lower than 21,900, and it is a crucial support for nifty this week and the last hope for the bulls, so be careful and do not make the early perception. Focus on the level.
Intraday Range: 21,900 to 22,060