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NIFTY INTRADAY ANALYSIS FOR 27/09/2024BUY ABOVE - 26250 SL - 26150 TARGETS - 26350,26460,26560 SELL BELOW - 26150 SL - 26250 TARGETS - 26050,25980,25920 NO TRADE ZONE - 26150 to 26250 Previous Day High - 26250 Previous Day Low - 25980 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 26/09/2024BUY ABOVE - 26050 SL - 25980 TARGETS - 26150,26250,26320 SELL BELOW - 25920 SL - 25980 TARGETS - 25860,25790,25700 NO TRADE ZONE - 25920 to 26050 Previous Day High - 26050 Previous Day Low - 25860 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 25/09/2024BUY ABOVE - 25950 SL - 25860 TARGETS - 26060,26160,26250 SELL BELOW - 25910 SL - 25980 TARGETS - 25860,25790,25700 NO TRADE ZONE - 25910 to 25980 Previous Day High - 25980 Previous Day Low - 25910 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 24/09/2024BUY ABOVE - 25950 SL - 25860 TARGETS - 26060,26160,26250 SELL BELOW - 25860 SL - 25950 TARGETS - 25790,25700,25610 NO TRADE ZONE - 25860 to 25950 Previous Day High - 25950 Previous Day Low - 25860 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
2
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
NIFTY INTRADAY LEVELS FOR 23/09/2024BUY ABOVE - 25800 SL - 25700 TARGETS - 25900,26000,26100 SELL BELOW - 25700 SL - 25800 TARGETS - 25610,25550,25490 NO TRADE ZONE - 25700 to 25800 Previous Day High - 25800 Previous Day Low - 25440 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
2
#nifty50 analysis for upcoming week 23-27th Sept 2024The #Nifty50 soared to a new all-time weekly high of 25,791, gaining a remarkable 430 points from the previous week's close. It reached a peak of 25,849 and a low of 25,285. As predicted, the Nifty has been trading within the 25,810-24,750 range. For the upcoming week, I anticipate a trading range of 26,400-25,200 . A breach of these levels could ignite significant market volatility. As highlighted last week, the strong Fibonacci level of 25,810 is crucial. If the Nifty closes above this level next week, be prepared for a potential rally towards the next magical level of 26,990 or 27,000. Although reaching these levels may take some time, it's essential to be positioned for such a move. Meanwhile, the S&P 500 finally broke through the strong resistance of 5,637, thanks to the Federal Reserve's rate cut. If it can maintain above this week's high of 5,733, we could see further gains towards resistance levels of 5,800, 6,000, or even 6,140. Since the S&P 500 has surpassed a significant Fibonacci level, it's poised to potentially reach another strong Fibonacci level of 6,959, which is 20% higher than current levels. Such a move would likely propel the Nifty towards 27,000. A breakdown below this week's low of 5,604 would indicate a failed breakout and could lead to a test of support levels at 5,445 or 5,432. Exciting times are ahead!"
NSE:NIFTYLong
by ssudhirsharma11
NIFTY Market Insights: Anticipating significant shiftsDear Traders, I trust this message finds you well in both your trading endeavors and personal pursuits. I am pleased to present a compelling opportunity through a new NIFTY analysis that indicates an imminent significant market shift. The recent upward surge in the market has prompted concerns, as my analysis over the past two months has consistently pointed to an anticipated correction owing to market overvaluation and distinct completion patterns. Technical details: I. Resistance I: 25,388 ~ 25,430 (Extended trend line from 17th JUN'22) II. Resistance II: 25,490 ~ 25,510 ~ 25,526 (Conj. Extended trend line from 24 JAN'24 & 24 JUN'24) III. Resistance III: 25,590 (Extended trend line from 29 FEB'16 – Long & strong Resistance) Please note that these values serve as indicative levels of support and resistance. The wave patterns depicted in the diagram, signal completion of the trend. Additional observations: Time series Forecasting: Top - Top - Today (04/09/2024) = 1690 D from 20jan'20 (1710 = 360*4 + 270) = 1053 D from 19oct'21 (1080 = 360*3) = 644 D from 01dec'22 (630 = 360+270) = 356 D from 15sept'23 (~360) Bottom – Top - Today (04/09/24) = 1626 D from 24mar'20 (1620 = 4*360+180) = 811 D from 17jun'22 (810 = 720 + 90) = 315 D from 26oct'23 (exactly an important angle) = 535 D from 20mar'23 (540 = 360 + 180) Given these short and long-term observations, the time resistance(s) are notably robust. Historical Repetition: The ongoing 14-day winning streak, continuously setting new records, typically precedes short-term corrections ranging from 3% to 24%, as historically observed. For instance, in May 2006, Nifty’s non-stop 9-day rally culminated in a 24% index decline in the subsequent month, while a similar trend in February 2000 resulted in an 11% decline in the subsequent month. Consequently, a market breather is anticipated, with profit booking potentially driving the market to deeper levels before embarking on a new uptrend (anticipated correction in the monthly scale, evident in the 3M time frame). Further details will be provided as the market unfolds. A correction of this magnitude is expected to materialize, with the following scenarios: The initial focus is to prioritize the trend line-based correction scenario. The primary support levels are identified at 23,100. Any subsequent breakout will result in distinct scenarios. Scenario 1: From 15,183.40, retracement towards 21,500 = 4,000 pts (38.2%R) (-12 to 15%), highly probable given the aforementioned reasons. Scenario 2: From 16,828, retracement towards 21,100 levels = 4,400 pts (50%R) (-13% to 17%), also plausible within the realm of reality. One of these scenarios is poised to unfold as the market progresses into correction. Fed and Markets: Considering the correlation between interest rates and market fluctuations, it is wise to take them into account. Typically, their relationship is inversely proportional. However, the Fed has been delaying the easing process due to economic conditions such as employment and inflation data. This month may bring many surprises. If everything goes according to plan, interest rates will be reduced, theoretically boosting investment in gold and stock markets. On the other hand, if the dovishness in the rate decision continues, it will likely unsettle the markets, at least in the short term. Further data releases this month will help in forming a consensus. IMPORTANT DATES TO REMEMBER!!! Sept - 5, 6, 11, 12, 18 (FOMC) Strategy: 1. Being bullish beyond this point is not recommended. 2. Bearish bets are prudent from 25, 300 – 350, 400 for FOMO traders. Risky traders may consider waiting for the 25,500 levels to be tested. Disclaimer: Before concluding, I must underscore that the insights shared are based on my analysis. It is imperative for you to conduct your research and, if necessary, consult with a financial advisor before making any trading decisions. The dynamic nature of financial markets necessitates that your strategies align with your financial goals and risk tolerance. Your feedback is genuinely appreciated, and I would encourage you to share your thoughts in the comments section. I am committed to engaging with each response. Fellow Traders, Countless hours of dedication and effort have gone into creating this valuable analytical resource. If you find it useful, I humbly ask for your support by liking and following me. Your comments and thoughts on this idea are highly valued, and I am committed to engaging with each one personally. Thank you for investing your time in reading this article, Your readership is greatly appreciated. Wishing you profitable and joyful trading!!!
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan