NIFTY INTRADAY LEVELS FOR 29/08/2023BUY ABOVE - 19320
SL - 19280
TARGETS - 19370,19440,19520
SELL BELOW - 19230
SL - 19280
TARGETS - 19140,19070,19010
Previous Day High - 19370
Previous Day Low - 19250
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
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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.
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 👍
Niftytradesetup
Nifty 50 Weekly Market OutlookWeekly Review
Nifty 50 continued to fall for the 5th week straight. The index has retraced -3.64% from its all-time highs. Although in mid-week bulls tried to outnumber the bears as index witnessed a good rally till 19,585 levels but was soon rejected as it faced huge selling pressure pushing the index to 19,265 with a gap down opening the very last day of the week.
Week Ahead :
On Daily charts, the Nifty 50 index seems to form a falling wedge which shouldn’t go unoticed as we have seen a euphoric rally in past mid week. This indicates a strong push by bulls to regain their fort but that’s a conditional outlook if the index is breached beyond the falling trendline (downward sloping-upper trendline) with sustained move till 19,300-19,375. A break above 19,600 is a crucial resistance for any rally beyond that level and given the fact that market still holds 19,494 as crucial level. On the lower side if the selling pressure weighs heavy, a possibility of 19,194 , 19,076 and 18,977 can’t be ignored.
NIFTY ANALYSIS FOR 25/08/2023BUY ABOVE - 19440
SL - 19400
TARGETS - 19470,19520,19580
SELL BELOW - 19370
SL - 19410
TARGETS - 19320,19260,19200
Previous Day High - 19585
Previous Day Low - 19370
TREND LINE ACTING AS A MAJOR SUPPORT FOR TOMORROW
19370 LEVEL
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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.
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 👍
NIFTY--Retracement or Reversal??After a strong fall from the 19500 range price is again retraced back.
If we want to go for short wait until price breaks the trendline and retest....
until don't go for short side...
A fake breakout may also happens at 19500 levels...keep safe.
keep observe this line...
NIFTY50 taking support from 50DEMAIn last Idea posted on 27th july i had shared that nifty will touch 50DEMA before going further up. Now it has been holding 50DEMA for last couple of days and we can see a bounce for next week or so. After which buyers will be exhausted and nifty will again continue downtrend to touch 100DEMA which will be around 19000 then. For now upmove targets are 19600-650 for next two weeks.
#NIFTY Intraday Support and Resistance Levels - 18/08/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19320 level and then possible downside rally up to 19200 in today's session. in case nifty trades above 19350 level then the upside target can go up to the 19470 level.
Banknifty - Strong Daily Demand AreaBank Nifty has touched its strong daily demand area which coincides with weekly demand area as well.
This demand area has given a 2700 points run in the recent days. So expecting a good bounce back towards 44500 and 45,000
HDFC has touched its demand area. 1768
Axis has also touched good support area - 929
Kotakbank almost touched its gap based demand area -1776 (1764 is the actual demand area)
ICICI touched daily support area 946
SBI touched its magical number 555
So we can expect a big bull run in Bank nifty which will push Nifty towards 20,000.
OI chart also indicates good support near 43800 and 43700 but it has a resistance at 44, 000 which will cause a short covering rally.
Moreover Bank Nifty was down 6% straight 21 days from 21-July ( so Burry's short news would have factored in already) , so expecting a good short covering rally in Bank Nifty.
Note: This is only for educational purpose.
#Nifty50 Levels for Expiry 17-Aug-2023Wizard Levels/Zones
#Nifty50 Levels for 17-08-2023
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below then SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
#Nifty50 Levels for 16-Aug-2023Wizard Levels/Zones
#Nifty50 Levels for 16-08-2023
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, and Rules.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
NIFTY--Liquidity @19650 and @19300 ??Nifty index price is turned to be bearish from a ranging...
now the price is near to its bullish gap...
If this acts as support and trendline breaks price is said to be bullish again...
clears the liquidity @19600-19650 levels...
be on bearish side until price breaks trendline...
If trendline breaks keep on buy side up to 19550 and 19600 levels.
Keep safe before short side...as it is on important level of support @19300 levels.
If price is continue to be bearish then we have a another bullish gap + Demand is located @19150 levels...
before going down it may clears the liquidity on top side...keep safe...
Totally Ranging from 19650-19150 levels.
#NIFTY Intraday Support and Resistance Levels - 14/08/2023Nifty will be FLAT opening in today's session. After opening nifty start trading above 19450 level and then possible upside rally up to 19570 in today's session. in case nifty trades below 19410 level then the downside target can go up to the 19290 level.
NIFTY ANALYSIS FOR FRIDAY 11TH AUGUST 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR FRIDAY 11TH AUGUST 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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NIFTY--@Trendline Break??The Nifty index is now near its trendline...
After taking the support from Right shoulder...it is ready to break the trendline...
if price breaks the trendline, we will observe a good upside move...
If price breaks the trendline tomorrow might be a trending day for nifty.
today price is consolidated in a range...
if it breaks upside this time it will finishes bearishgap...
If it is unable to break the trendline...will look for short side...until keep on buy side...