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Niftyprediction

NIFTY--@Trendline Retest??Nifty broken the major trendline In the previous sessions price is retested the same trendline and showing Bearishness from the supply zone.On bottom side strong demand zones lies at 20800 levels. If this trendline acts as resistance we will observe a continuous Bearishness in nifty upto 20800 levels. If we observe consolidation between 21700-21300, will expect a fall below 21300 and then have a rise again towards ATH. Note: If trendline failed to push down side, liquidity grab above the trendline will observe and a fall happens again.
NSE:NIFTY
by IIT-Trader
1
NIFTY INTRADAY LEVELS FOR 23/01/2024BUY ABOVE - 21670 SL - 21620 TARGETS - 21720,21840,21920 SELL BELOW - 21580 SL - 21630 TARGETS - 21530,21480,21420 NO TRADE ZONE - 21580 to 21670 Previous Day High - 21720 Previous Day Low - 21530 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 Short , Medium & Long Term View-23-Jan-24 to 25-Jan-24Nifty Short , Medium & Long Term View-23-Jan-24 to 25-Jan-24 Nifty closed at 21571 21894(Prev Cloase 21710 ) and touched low & high of 21293 & 22126. RSI and stochastics levels ( 53% & 35 % Respectively). Stochastics is moving towards oversold zone. Market saw huge volatility last week of around 850 Points, especially fluctuated after results of HDFC bank. Earlier last 2-3 months , purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up. last week IT was little down along with the Nifty Index. Simillarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 5-7%.Nifty Bank Index was suggested to buy last week. 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. Nifty IT had a good run in last month with expectation of growing world economic condition especially US. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up. Expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario. Profit booking upto 30% was suggested in the last 1.5 months, Cash will be useful to pick the right stocks. Stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till Feb budget & 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. In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Infra Stocks, undervalued bluechip stocks can be considered. Nifty- Short Term ( Neutral-Moderately Bearish) Resistances are at 21650 ( MA 21 days) ,21762 (MA 7 days), 22000, 22117, 22155 Support at 21422 (fib Resistance), 21300 ( trend line Support), Nifty Medium Term & long Term ( neutral)- 22308, Can achieve 22521 target Support at 21422 ( Fib Support), 20225 (prev high), 20000 ( Fib Resistance) 20800-21000 have strong Fib Support and trend line support as shown in the chart. Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Long Term market expected range bound between 22500 to 18800 expected till mid of 2024. however if Q3 results are good, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance).
NSE:NIFTY
by karthikss
Nifty positional making money.Monday intraday<> Mild gap up or flat opening will be good to go longs and resistance should hit first before it takes support once again. Huge gap down will be neglected the view. IMPORTANT-20300-20500 gap will fill before budget or after the budget it may fill depending on financial news. >Just follow the trend you will never be in loss. >Don't predict before closing levels for traps. >Wait for the retest level which will be secure and can avoid huge losses. >Profit bookings according to your capital %. >Don't use indicator on daily basis as stop loss can hit easy.
NSE:NIFTY
by adarshkhatwate
NIFTY--Supply zone@21700 ??After a strong fall, expecting some retracement in nifty. on topside supply zone is identified at 21650-21700 levels. so liquidity is lies above and below this levels, after testing these levels again have a chance of fallback to test the demand zones at 21300 levels and at 20800 levels. If 21300 level fails to push it upside, quick drop and rise will see in coming sessions. so this week mostly in this range 21700-21300 levels. Be careful, long after 21700 short below 21300.
NSE:NIFTY
by IIT-Trader
10
NIFTY INTRADAY LEVELS FOR 20/01/2024BUY ABOVE - 21670 SL - 21620 TARGETS - 21730,21840,21920 SELL BELOW - 21580 SL - 21630 TARGETS - 21530,21480,21420 NO TRADE ZONE - 21580 to 21670 Previous Day High - 21610 Previous Day Low - 21580 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 19/01/2024BUY ABOVE - 21540 SL - 21480 TARGETS - 21610,21680,21730 SELL BELOW - 21420 SL - 21480 TARGETS - 21300,21210,21130 NO TRADE ZONE - 21420 to 21540 Previous Day High - 21540 Previous Day Low - 21300 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
5
NIFTY INTRADAY LEVELS FOR 18/01/2024BUY ABOVE - 21680 SL - 21610 TARGETS - 21730,21840,21920 SELL BELOW - 21550 SL - 21610 TARGETS - 21500,21450,21390 NO TRADE ZONE - 21550 to 21680 Previous Day High - 21840 Previous Day Low - 21550 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 17/01/2024BUY - 22120 SL - 22040 TARGETS - 22180,22260,22350 SELL - 21970 SL - 22040 TARGETS - 21920,21840,21720 NO TRADE ZONE - 21970 to 22120 Previous Day High - 22120 Previous Day Low - 21970 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 Short , Medium & Long Term View-15-Jan-24 to 19-Jan-24Nifty Short , Medium & Long Term View-15-Jan-24 to 19-Jan-24 Nifty closed at 21894(Prev Cloase 21710 ) and touched low & high of 21931 & 21449. RSI and stochastics levels ( 70% & 95 % Respectively). Stochastics is in overbought zone. Market decisively closed above 21800-21850. Purchasing Nifty IT at lower levels proved effective as the Nifty IT index underperformed than other index, hence it moved up. Simillar run expected in Nifty Bank index, despite bank results were good in Q2 and expected to post good results in Q3 it didnt moved up considerably. Hence next move likely will be in Nifty Bank index. Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 ( Fib Resistance)/22521. Nifty IT had a good run in last month with expectation of growing world economic condition especially US. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up. Expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario. Profit booking upto 30% was suggested in the last month, Almost i have booked 20% profit in Equities & Mutual Funds. 100% of ulip shifted from equities to balanced funds & money market as we get free switches in ulip. Market can any time expected to turn volatile and it will continue till Q3 results, Feb budget & 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. In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Infra Stocks, undervalued bluechip stocks can be considered. Q3 Results & Policy changes are need to be looked into for next year growth of Nifty. Nifty- Short Term ( Positive) Resistances are at 22000, 22155, 21308, 22521 Support at 21459 (fib Resistance), 21260 ( trend line Resistance),21000, 20800 Nifty Medium Term & long Term ( neutral)- Can achieve 22500 target Support at 20500 ( Fib Support) , 20225 ( prev high), 20000 ( Fib Resistance) Long Term market expected range bound between 22500 to 18800 expected till mid of 2024. however if Q3 results are good, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance).
NSE:NIFTY
by karthikss
NIFTY INTRADAY LEVELS FOR 16/01/2024BUY - 22110 SL - 22040 TARGETS - 22180,22260,22350 SELL - 21970 SL - 22040 TARGETS - 21920,21840,21720 NO TRADE ZONE - 21970 to 22110 Previous Day High - 22110 Previous Day Low - 21970 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