NIFTYNifty levels are based on imbalances
1. gapup 22500 long
2. 22500-22380 trade breakout
3. gapdown 22380 short
NIFTY1! trade ideas
Nifty50-Viewpoint- Part 3On monthly chart, Nifty has closed below its opening levels for 5 consecutive months.
(Octber24-Feburaru,25). This also suggest that nifty might close above March opening. That means the bottom for March might be in place.
Based on these points I feel nifty might be headed towards 23500-23700 levels in March, 25 or early April,25.
Nifty Expectations Week 10th March 2025**Nifty 50 Daily Chart Analysis & Next Week's Outlook**
🔹 Trend Analysis**
- Nifty is still in a **downtrend**, trading within a **descending channel** (marked by parallel trendlines).
- Multiple **sell signals** have appeared during the decline, but a recent **buy signal** suggests a potential short-term bounce.
- The **price is currently near the lower channel support**, making this a **critical inflection point**.
🔹 Key Support & Resistance Levels**
| **Resistance 3** | **22,800 - 23,000** | Major breakout needed for bullish reversal |
| **Resistance 2** | **22,600 - 22,700** | Short-term hurdle (trendline & Fib resistance) |
| **Resistance 1** | **22,552 - 22,580** | Immediate level to watch |
| **Current Price** | **22,552** | Trying to hold above 22,500 |
| **Support 1** | **22,381 - 22,297** | Short-term support, must hold for bounce |
| **Support 2** | **22,166 - 21,806** | If broken, sharp downside towards 21,800 |
🔹 Indicators & Momentum**
1. **Trend Meter** → Still showing **weak bearish trend**, but some green bars indicate possible relief rally.
2. **ADX & Strength**:
- **ADX (Blue) is rising** → Trend strength increasing.
- **DI+ (Green) trying to cross DI- (Red/Pink)** → If successful, a short-term uptrend may start.
3. **Cumulative Delta Volume**:
- Still showing **negative cumulative delta**, meaning institutional selling is still strong.
- If buyers step in, we may see a **short-term bounce**, but it needs confirmation.
🔹 Fibonacci Retracement Zones**
- **22,600 is a key Fib level** (0.236 retracement).
- If Nifty breaks **22,600 with strong volume**, it can move toward **22,800-23,000**.
- Failure to break **22,600** could lead to another **leg down towards 22,166-21,800**.
📌 Next Week's Expected Scenarios**
| **Scenario** | **Probability** | **Key Level to Watch** |
| **Bounce towards 22,600+** | **Moderate** | Needs to stay above 22,381 |
| **Break above 22,600 → 22,800 next** | **Low-Moderate** | Needs strong volume & ADX > 25 |
| **Rejection at 22,600 → Retest of 22,297** | **High** | If selling pressure remains |
| **Break below 22,166 → Drop to 21,800** | **Possible** | If weak bounce fails |
Key Takeaways**
- **Immediate hurdle at 22,600** → Breakout needed for upside.
- **If rejected at 22,600**, Nifty may test **22,297** or even **22,166**.
- **A strong bounce can push towards 22,800-23,000**, but only if volume supports.
Review and plan for 5th March 2025 Nifty future and banknifty future analysis and intraday plan.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Review and plan for 3td March 2025 Nifty future and banknifty future analysis and intraday plan.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Nifty Future Analysis
1. Price Action & Trend Analysis
The NIFTY Futures has been in a strong downtrend since October 2024, with lower highs and lower lows.
A black downward trendline is clearly acting as a dynamic resistance, rejecting price multiple times.
2. Gann Fan Analysis:
The Gann fan lines are visible, providing different angles of support and resistance.
The key Gann angles to watch:
1/1 Line (Steep Downtrend Line): The price is trending below this, indicating a strong bearish trend.
2/1 and 3/1 Lines: These are acting as resistance levels, confirming the selling pressure.
If price moves above the 1/1 Gann line, a potential reversal could be seen, but as of now, it remains below the bearish zone.
3. Volume & Market Sentiment
Latest Volume: 9.18M, which is relatively lower compared to 1 week ago (30.2M) but higher than the previous day (7.25M).
This suggests decreasing participation in the downtrend, which could indicate potential consolidation before the next move.
4. Key Support & Resistance Levels
Support Zones:
22,200-22,400: Current support based on Fibonacci & previous price action.
21,600-21,800: Next strong demand zone if selling continues.
20,800-21,000: Long-term support (historical demand zone).
Resistance Zones:
23,407-23,500: First resistance (Fib 0.382 & Gann fan level).
23,800-24,000: Major resistance (Fib 0.618, Gann fan rejection area).
24,500-24,760: Strongest resistance (Fib 0.75 + supply zone).
5. Conclusion & Trading Strategy
Bearish Bias: The market remains in a strong downtrend.
Possible Short Setup: If price breaks below 22,200, the next target would be 21,600.
Bullish Reversal Above 23,500: A move above this level could shift momentum toward 23,800-24,000.
Dont be Positive of Nifty 50 yet- Crucial LevelsAs drawn in chart the 2 most beautiful support for nifty50 is yet to be reached so dont be positive for nifty 50 yet. This is the chart of Gift Nifty and at the 1st Green support invest 25% of you funds and the 2nd green invest rest of the funds. Till then don't be bullish at all.
Renko percent//@version=5
indicator("Renko Percentage Change", overlay=true)
// Get the Renko brick size
brick_size = request.security(syminfo.ticker, "1D", high - low)
// Calculate percentage change
perc_change = (brick_size / close) * 100
// Plot the percentage change as a label
label.new(bar_index, high, text=str.tostring(perc_change, "#.##") + "%", color=color.green, textcolor=color.white, size=size.small)
