Get started

Niftytradesetup

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 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
TRENDSTAR INDICATOR (Best on 5Min chart)Hi Everyone! I have created a new TradingView indicator for DAY TRADERS! The most important indication of trend in day trading is price action, all other indicators are lagging indicators! (BHAAV BHAGWAN CHE) However, price action and candlestick patterns can become misleading if seen on a blank chart. A day trader needs to identify levels where price action actually matters! INTRODUCING TRENDSTAR INDICATOR - A powerful tool for day traders to enhance their trading strategies and make more informed decisions at the right time during the day: - Works on Index and Large Caps. (only NSE) - Auto plots key levels daily at open. - Refined Buy/Sell signals. - The ZONE is used to identify trend and plots dynamic S/R area. (When the zone is blue - trend is bullish and bearish when its orange) ZONE can also act as a S/R area and can be used for short term (1-2 days) trades. - Works best in 5M time frame for that spot on DAY TRADE everyone is looking for BUT you have to be patient for the levels to be breached. - 1M/3M scalping works as well. - Can set alerts for breach of any of the levels. UNDERSTANDING THE LEVELS: Blue dotted line - Pivot for the day Green line - S/R level on the higher side (breakout can trigger fresh buys) Red line - S/R level on the lower side (breakdown can trigger fresh shorts) Purple line - the joker level of the day (on certain days it acts as an iron clad S/R level) Black dotted lines - Extreme S/R zones for the day. I am currently sharing this indicator on invite-only basis. DM me on twitter @techtrademusic for access. Best wishes, FIVSTA.
NSE:NIFTYEducation
by djsahiljoshi
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 INTRADAY ANALYSIS FOR 01/08/2024BUY ABOVE - 25000 SL - 24930 TARGETS - 25080,25160,25240 SELL BELOW - 24860 SL - 24930 TARGETS - 24780,24710,24660 NO TRADE ZONE - 24860 to 25000 Previous Day High - 25000 Previous Day Low - 24860 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 for Monday 29 july 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000. So I am providing highest probability intraday setup in Nifty50 My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce. If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
NSE:NIFTY
by jain_abhishek
1
NIFTY Pre - Budget Surge : Caution Ahead...!Hello Traders, I hope you are all thriving both in your trading endeavors and in life. Today, I bring you an exciting opportunity with a new analysis of NIFTY that's poised for a significant move. Our in-depth analysis reveals that... NSE:NIFTY As anticipated and previously mentioned, the past week ended on a negative note (pre-Budget). This week holds the potential for new highs. However, caution is advised, as this will likely be the final move in the sequence that began on October 23, 2023. It is prudent to brace for an impending correction. Here are the technical details: I. Resistance I: 24,854.80 ~ 24,910 (conj. Extended trend line from March 20, 2023) II. Resistance II: 25,120 (Extended trend line from June 1, 2022) III. Resistance III: 25,460 (Extended trend line from January 24,2024). ***Please note that these values are not actual but indicative levels of support and resistance. A Gann ideology is that , the move from October 26, 2023 is also facing a time resistance of 270 days (90*3) which is an important number not to consider it lightly. Furthermore, for the move from March 20, 2023 it is 490 days (360+90+45 or 135) which is also an additional reason factored in to be more cautious! Following this, the market is expected to take a breather, with profit booking potentially dragging the markets to deeper levels before any new uptrend is initiated (The correction in monthly scale can be anticipated). Further details will be discussed as the market evolves. Strategy: Being bullish at this juncture seems prudent, only till R II (for conservative / Defensive) & RIII (for Pro-active / Enterprising). Disclaimer: Before we conclude, I want to remind everyone that the insights shared here are based on my own analysis. It's crucial that you perform your own research and, if necessary, consult with a financial advisor before making any trading decisions. The financial markets are dynamic, and it's important to ensure that your strategies align with your personal financial goals and risk tolerance. =========================================================== Dear Traders, If you appreciate my work, please don’t forget to like and follow me. I would also love to hear your thoughts on this idea in the comments section and will be delighted to respond to each one. Thank you for reading the article. HAPPY TRADING
NSE:NIFTYLong
by WDG_Dinesh_Gengarajan
NIFTY INTRADAY LEVELS FOR 25 JULY 2024BUY ABOVE - 24480 SL - 24440 TARGETS - 24530,24590,24660 SELL BELOW - 24400 SL - 24440 TARGETS - 24310,24230,24160 NO TRADE ZONE - 24400 to 24480 Previous Day High - 24480 Previous Day Low - 24310 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
Tale of 2 cities. Unseeing this would be difficult once you see this. The rage that I have drawn here is an exact 3000 point expansion in Nifty spot and Nifty Fut. Both are trading in the top quadrant. 100% and 50 % and both curiously the same: 24841 and 24100. I am not taking sides. If it breaks lower, it could test 24100 again. If not, it could either consolidate in the upper quadrant OR break higher. The run up to the budget had huge expectation of Capex in infra, railways, shipbuilding and fertilizer stocks. We need to see how they fare tomorrow. I am not sure what the industry expectations were. I will watch out for these levels to take trades. One Key parameter I follow is advance decline ration. That has improved to 962:1374 today. Should I look UP? I don't know Should I look down? I really don't know. The 2 cities to watch out for are 24841 and 24100.
NSE:NIFTY
by OldMonk13
NIFTY INTRADAY LEVELS FOR 24/07/2024BUY ABOVE - 24530 SL - 24480 TARGETS - 24590,24660,24730 SELL BELOW - 24440 SL - 24480 TARGETS - 24400,24350,24230 NO TRADE ZONE - 24440 to 24530 Previous Day High - 24590 Previous Day Low - 24070 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 BUDGET DAY ANALYSIS 23/07/2024BUY ABOVE - 24530 SL - 24480 TARGETS - 24590,24660,24730 SELL BELOW - 24480 SL - 24530 TARGETS - 24440,24400,24350 NO TRADE ZONE - 24480 to 24530 Previous Day High - 24590 Previous Day Low - 24350 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 JULY 2024BUY ABOVE - 24830 SL - 24780 TARGETS - 24900,24960,25030 SELL BELOW - 24730 SL - 24780 TARGETS - 24660,24580,24530 NO TRADE ZONE - 24730 to 24830 Previous Day High - 24830 Previous Day Low - 24530 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 - Correction ahead of BudgetAt this juncture, nifty is expected to correct to the mentioned levels & to continue its rally towards 25,000 ~ 25,400 levels before any monthly correction can happen. The correction will be progressing through various barriers of supports(FIBONACCI & T.lines). SI - 24,162 SII - 24,010 SIII - 23,881 ~ 23,855 levels (V.imp support coincidence of .5% & mid T.line) The strategy is to take short today after testing the previous High @ 24,401 (the move might start today or 2 days later, Tentative) Trade Accordingly
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan