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Niftyanalysis

NIFTY50 || RSI positive divergence As mention in my previous idea, the recent rally was indeed a 'Dead Cat Bounce' as NIFTY50 has experienced another significant drop. However, examining the charts above reveals positive RSI divergence in both the 2-hour timeframe (TF) and the daily timeframe (DTF), with NIFTY reversing from a marked support zone. For the next bull run to be confirmed, NIFTY should hold above today’s low and meet the following two criteria: 1. The index begins trading above the 20 EMA band. 2. The RSI surpasses the 70 mark. This setup could indicate a more sustainable upward trend if both conditions are fulfilled. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading involves significant risk, and it’s essential to perform your own research or consult a financial advisor before making any investment decisions. Essential principles for traders: 1. Be Disciplined, Avoid FOMO: Maintain a disciplined approach to avoid impulsive decisions based on the "fear of missing out" (FOMO), which can lead to risky trades. 2. Risk and Reward Management: Always assess potential rewards relative to risks before entering a trade. Proper risk management ensures long-term success by limiting losses on any single trade. 3. Follow Stop Losses: Calculate and set a stop loss for every trade to protect against significant losses. Make it a habit to adhere to it without exception, even if the market seems to be in your favor. 4. Journal Your Trades: Maintain a trading journal to track decisions, wins, and losses. Analyzing past trades can help improve future strategies and identify patterns in behavior or biases. 5. Master One Strategy Before Expanding: It’s beneficial to focus on mastering a single trading strategy before exploring others. Once consistent, you can broaden your approach to diversify risk and opportunities. 6. Control Emotions: Emotions, especially greed and fear, can cloud judgment. Cultivating a mindset that balances confidence and caution is key to maintaining objectivity.
NSE:NIFTY
by Abdul-Rahim
Nifty Analysis: How much more pain left? Where is the bottom?Nifty Analysis: 1) Today's low 23816 is very important level to watch. 2) Next support at 23502 (Father Line or 200 days EMA). 3) Final Major support near 23201(Trend line meeting point and 50 weeks EMA (Major Mother Line). 4) Closing below 23201 has potential to break the hell loose. 5) Resistance on the upside at 24145, 24320, 24506 and 24781 (50 days EMA-Mother Line). 6) Bulls can take control only after we get a closing above 24781. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
50 Hours EMA and Trendline resistance again stop Nifty progressAgain The Mother line (50 Hours Resistance) and trendline resistance threw spanner in the growth effort of Nifty. Till Mother line and trendline thereafter is not crossed we can't reach Father line resistance which is at 24853. Supports for nifty remain at 24307, 24173 and finally 24073. Below 24073 Nifty will become very weak and bears will spell further doom. Resistances on the upper side remain at the zone between 24448 and 24513 (tough to conquer Mother line and Trend line resistance respectively), 24613, 24730 and 24853. Above 24853 the critical resistance will be the zone between 24860 and 24971. Bulls can come back into the game after the close above 24971. Above 24971 Bulls can create an upward rampage. Tomorrow is a very critical day where Nifty going into November needs to close above 24513 or atleast above 24448. Signs are looking little difficult for Nifty with a negative shadow of the candle but festive buying can bring back the bulls in action hopefully. . To know more about Techno-Funda investment, Mother-Father and Small Child theory, Happy Candles Number read my book The Happy Candles Way to Wealth Creation. Gift it to yourself or your special ones this festive season. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Levels 24-OCT-2024, Sell Trend Continue Today Nifty also reversed near "Reaction Area", we can consider that area as resistance. Nifty is now trading away from selling area and a pullback is possible from buyer side. Only "Resistance Area" is the most safest place to sell in nifty. Wait for the price pullback and sell only when price is reversing from selling zone "Resistance Area" Near 24520. If price is waiting near today closing price and making 3-4 candles in 5 min timeframe then breakdown. We can also sell after that but first wait for the buyers to come and defend the price. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:NIFTYShort
by smrgrover2
Nifty Intraday 23 Oct 2024 Levels for SellingToday Nifty made new low and following price action on every timeframe. For good risk reward if price starts moving upwards and taking reversal near 24600, then we can go for sell trade. For Followup trade, any 5 min candle close below 24445 then also we can go for sell trade. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:NIFTYShort
by smrgrover2
Mother, Father lines and the trend line stopping NiftyEvery effort of Nifty is being stopped by mother line, Father line or the trend line. It shows weakness but the turnaround might be around the corner. The possible turnaround zones can be around 24915, 24684 or 24478. If we get a closing below 24478 bears can take over. Resistances on the upper side are 25045, 25088 and 25230. Above 25230 bulls can take a commanding position. Very delicately placed Nifty with a negative shadow of the candle. But some turn around can be expected within this week or the next when we get support from one of the zones mentioned above.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Short, Medium & Long Term : 14-Oct-24 to 18-Oct-24Nifty Short, Medium & Long Term : 14-Oct-24 to 18-Oct-24 Nifty closed at 24964 ( Last Week 25011 ) and touched high & low of 25277-24708 Last week Market was marginally down and settled down due to middle east tension and profit booking. FII pulled out money and invested in China ( China market surged last week). Market touched new high 2 weeks before and touched all time high of Mid Term Resistance 26260. Nifty Bank 51712 (last week 51462), touched the target of 54000 as proposed 2 months before (54400 all time high) and support at 49900. Buy on dips. RSI ,Macd and stochastics levels are down. Caution to be emphasized as still further room to go down. Q2 results, Global news( US Election results and Relaxation of middle east tension) awaited which will pave way for more clearer path in market. Nifty 24964 Short term ( Short Term : Down) Nifty short term resistance 25376 & 25675 . Support at 24814 ( 0.618 Fib Retracement) Medium Term next target is 26266 & if move up decisively above next target is 27000 Medium term Support 24800, 24470 (Trend line support and Fib Resistance) and 24257 (Fib Support) and 24000. Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800 US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year. Caution was emphasized on Nifty for last 3 months as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank. Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 42335 (last week 41912) indices increased last week, Q2 results will pave way for the clear direction.
NSE:NIFTYShort
by karthikss
1
Nifty Short, Medium & Long Term : 07-Oct-24 to 11-Oct-24Nifty Short, Medium & Long Term : 07-Oct-24 to 11-Oct-24 Nifty closed at 25014 ( Last Week 26179 ) and touched low & high of 25839-26285 ( all time high) Market saw a drop of 4.5% last week due to concern on Middle East War Situation. Market touched new high 2 weeks before , and touched all time high of Mid Term Resistance 26260 Nifty Bank 51462 ( 53834), touched the target of 54000 as proposed 2 months before (54400 all time high) and support at 49900. Buy on dips. Fed Rate Cut by 0.5% made the global market up and triggered increase in Indian Market in sep. FPI invested 4 Billion $ in Sep and pulled out 3.5 Billion $ in 3 trading session in Oct. US President Election result scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. RBI in India expected to reduce rate from end of this year. RSI ,macd and stochastics levels are down. Caution to be emphasized as Stochastics at overbought level. Q2 results awaited which will pave way for more clearer path in market. Nifty 25014 Short term ( Short Term : Down) Nifty short term resistance 25675 & 26000 trend line resistance as shown in chart. Support at 24814 ( 0.618 Fib Retracement) Medium Term next target is 26266 & if move up decisively above next target is 27000 Medium term Support 24650 (Trend line support and Fib Resistance), 24480 (Fib Support) and 24000. Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800 US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year. Caution was emphasized on Nifty for last 3 months as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank. Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 41912 (42312) indices dipped slightly, NIfty IT is less than SMA 21 level, need clear direction and Q2 results will pave way for the clear direction.
NSE:NIFTY
by karthikss
Nifty Short, Medium & Long Term : 23-Sep-24 to 27-Sep-24Nifty Short, Medium & Long Term : 23-Sep-24 to 27-Sep-24 Nifty closed at 25790 (last week 25356) and touched low & high of 25292-25849 ( all time high) Market touched new high last week , and broke the key resistance of 25545 provided last week decisively and also crossed Mid Term Resistance 25800 and settled at 25790 ( ( Target Line Provided) Nifty bank 53797 ( Last week 51938) - As mentioned for last 1.5 months, Bank Index have target of 54000 in medium term ( Currently nearing the target) and support at 49900 Fed Rate Cut by 0.5% made the global market up and triggered increase in Indian Market. FPI invested 4 Billion $ in Sep till date. RSI and stochastics levels moved up last week (71% and 93% respectively). MACD crossed the Signal. RSI and MACD shows market will go up further. Caution to be emphasized as Stochastics at overbought level. Q2 results awaited which will pave way for more clearer path in market. Nifty 25790 Short term ( Short Term : Up) Nifty short term resistance 25790 as shown in chart. Support at 25000 , 24650 (Trend line support and Fib Resistance), & 24480 (Fib Support) Medium Term next target is 26260 ( As shown in chart, The level is the difference between the Aug High and Aug Low from Aug High)- If it crosses 26260, Medium Term is UP. if it moves above decisively next target is 27000. Medium term Support - 24000 Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800 US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year. US President Election result scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. RBI in India expected to reduce rate from end of this year. Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank. Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 42204 (last week 43394) indices dipped to 37848 in Jun month, bounced back and reached all time high last week(43632). Later Dipped to 42204 due to profit booking. Recovery of US stock market & awaiting FED rate cut expectation decision pushed the US stocks up and followed by Nifty IT Index last week. NIfty IT is less than SMA 21 level, need clear direction and Q2 results will pave way for the clear direction.
NSE:NIFTYLong
by karthikss
Things look rosy but keep an eye on 2 major global events. Nifty was in consolidation mode on Friday after making a new high on thursday. It seems to have found a temporary support at 25292. If this support is broken there are further supports at 25133, 24910, 24753 and finally Mother line support of 24602. If 24602 is broken bear will be seen in an active mode. however shadow of the candle as of now seems to be neutral to positive. The resistances for Nifty on the upper side are at 25433 and 25537. Channel top seems to be near 25653 and trend top or the medium term target seems to be at 26335. However Nifty will take some time, correction and consolidation before we reach there in all probability. All eyes from across the globe will be on US Fed action on 18th September. If there is no fed rate cut or only 25bps rate cut announced. Bears can attack the market from all sides, so keep a track of this most important global event next week. This is a make or break global event. Also we should be watchful of events around Russia Vs Ukraine as there was a news that US can give a green signal to long range precision made in US missiles to be used by Ukraine. If this happens it can escalate the matter into a massive global event with negative impact on global markets. Although everything seems rosy as of now. Keep a keen eye on these to major events next week or in the coming days. To guard your profit keep trailing stop losses. To protect your capital use stop loss.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Short, Medium & Long Term : 09-Sep-24 to 13-Sep-24Nifty Short, Medium & Long Term : 09-Sep-24 to 13-Sep-24 Nifty closed at 24855 ( Last week 25235 ) and touched low & high of 24807-25335 ( all time high) Market touched new high last week and went down on last fri, Market broke the Ist Support at 25000 and went down last week and currently it is in rangebound. RSI and stochastics levels moved up last week (52% and 33% respectively). MACD level crossed and went down below signal. Nifty 24855 Short term (Short term neutral, need to cross key resistance 25545) Nifty short term resistance 25545 as shown in chart. Support at 24480 (Fib Support) & 24650 (Trend line support and recent low). Medium Term 25235, next target is 25800 ( Fib Resistance). if it moves above decisively next target is 26250. Medium term Support - 24000 Long Term : Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25540 decisively. Support at 22800 Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. This is the best period to start SIP MF when the valuation is high. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Nifty bank 50582 (Last week 51117) - Index have target of 54000 in medium term and support at 49900 Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Newly added stocks to buy are CAMS, UTI AMC & HDFC AMC and removed tanla platform from the list as the profit is stagnated, to await till next quarter ( Q2) Results. Based on the Q1 results, following stocks can be added to portfolio: ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 42234 (Last week 42760) indices dipped to 37848 in Jun month, bounced back and all time high last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
NSE:NIFTY
by karthikss
Nifty Short, Medium & Long Term : 02-Sep-24 to 06-Sep-24Nifty Short, Medium & Long Term : 02-Sep-24 to 06-Sep-24 Nifty closed at 25235 ( Last week 24823 ) and touched low & high of 24899-25263 ( all time high) As suggested for past two weeks, market bounced back and moved up and achieved the first Medium term target 25224. Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. This is the best period to start SIP MF when the valuation is high. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. RSI and stochastics levels moved up last week (69% and 97% respectively). MACD level crossed cross the signal two weeks before and sustaining. Expecting market to move up further in short term. Nifty 25235 Short term (Short term up) Nifty short term resistance 25540 as shown in chart. Support around 25000(last month high) & 24676 ( trend line support and recent low). Medium Term 25235, next target is 25800 ( Fib Resistance). if it moves above decisively next target is 26250. Medium term Support - 24000 Long Term : Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25540 decisively. Support at 22800 Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. Nifty bank 51368 (Last week 50933 ) - Index have target of 54000 in medium term and support at 49900 Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Newly added stocks to buy are PI Ind, PNC Infra and Ashoka Buildcon. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Tanla & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 42760 (Last week 41089 ) indices dipped to 37848 in Jun month, bounced back and all time high last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
NSE:NIFTYLong
by karthikss
Nifty anlaysis for tomorrow 28 july 2024 (Nifty Intraday Setup)Today After breaking previous day high nifty consolidated from 12 pm to 2 pm and failed to sustain at higher level. And Nifty closed with a selling swing today. So for tomorrow if with opening market created a selling swing then a bounce will be expected and day high break or price near high will be expected. Look for W pattern on 5 min. (SELLING SHOULD NOT BE VERY SHARP AND BIG). And If Price move upside and take rejection below todays high & created a lower High (M Pattern on 5 mins.) then intraday low break will be expected.
NSE:NIFTYShort
by jain_abhishek
Combination of Fibonacci and trend lines and Parallel Channel. We will try to look at Nifty with the combination of Fibonacci, Parallel Channel and Trend lines and few other parameters to get the outlook for short to medium term on Nifty. Combination of various parameters mentioned above indicate that Door For Nifty reaching 26K+ within this year might have already opened. Various resistances on the way will be at 24783, 24874 followed by strong resistance of the previous high of 25078. Once we get a weekly or a monthly closing above 25078 the next resistances will be at 25410, 25839 and finally 26321 (Within this year or within this financial year). Supports for Nifty will be at 24643, 24517, 24324 and finally 24115. Below 24115 the final support for Nifty will be at 23893. Below this level the bull rally will be over and bears can take control of the market.
NSE:NIFTYLong
by Happy_Candles_Investment
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
Down by 55% now, one should you buy or avoid it !Here in Aavas Financiers are already declined by 55% in the last few months and currently trading at the 1353 level with strong support at 1335 & 1330. Look like it will take reversal from this level now and again fly high for a strong target as below : Buy Above 1385 level on a closing basis Target 1 - 1510 Target 2 - 1588 Target 3 - 1700 Strict Stop loss - 1300 Please consult your financial advisor before taking any trade on my analysis.
NSE:AAVASLong
by smartmarketview
One more hurdle crossed, Very little room left at the top. One more major hurdle crossed by Nifty and very little room left at the top. Unless there is a channel top breakout. The final resistance remaining before we have a channel top break out is 24408. Today the hurdle of 24236 was closed by a gap up opening the same level was tested as well so now it will act as a support. Other supports for Nifty remain in the range between 24054 and 24010 (Mother Line 50 hours EMA). Below 24010 Nifty will be weak and only major support remaining will be 23807 before Nifty hits 23416 (Which is 200 Hours EMA). Below 23416 Bears will gain more ground and solid momentum.
NSE:NIFTY
by Happy_Candles_Investment
Nifty analysis and trade plan for tomorrow, Thursday, 4th JulyNifty analysis and trade plan for tomorrow, Thursday, 4th July In daily time frame Nifty is in an uptrend and expect the continuation above 24306.85, which is the upper band of no trade zone for tomorrow, in which 24230.55 is the bottom. Opening between the no trade zone, we may go for bullish trade after Nifty crossing 24306.85, 24405.25 and 24502.65 will be the nearest resistance levels. At resistance level R1 and R2 we may plan for bearish trades also, with touch and go, meaning, buying PE or selling CE or nifty future just after Nifty touching these levels. Nifty opening above the higher level of no trade zone for bullish trade we may have to wait for a proper price action, in at least 5 minute time frame. In case of flat opening, after Nifty crossing 24230.95, we may plan for bearish trade. 24183.5 (S1). 24145.4 (S2), 24107.3 (S3) and 24053.05 (S4) will be our support levels for tomorrow. From each support level we may expect bullish reversal, but with a price action only, in at least 5 minute time frame, and we may plan accordingly. *This analysis is most effective up to 12:30/1 PM tomorrow* *Personal opinion, not a trade advice* *Support and resistance levels are based on Fibonacci*
NSE:NIFTY
by rahulbora11