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NIFTY INTRADAY LEVELS FOR 30/01/2024BUY ABOVE - 21760 SL - 21680 TARGETS - 21840,21920,21970 SELL BELOW - 21680 SL - 21760 TARGETS - 21580,21530,21470 NO TRADE ZONE - 21680 to 21760 Previous Day High - 21760 Previous Day Low - 21470 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 View-29-Jan-24 to 02-Feb-24Nifty Short , Medium & Long Term View-29-Jan-24 to 02-Feb-24 Nifty closed at 21352 ( Prev Close 21571 ) and touched low & high of 21136 & 21736. RSI and stochastics levels ( 47% & 21 % Respectively). Stochastics is in oversold zone. Market saw huge volatility in the last two week of around 1000 Points, especially fluctuated after results of HDFC bank. Nifty IT (36496) -To hold. major support at 34918 /34000. Nifty bank ( 44866) if further move down support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Profit booking upto 30% was suggested in the last 1.5 months, Cash is useful to pick the right stocks currently to pick the right stock. Refer to detailed comments in the bottom. Nifty- Short Term ( Bearish)- 21300 ( trend Line support Provided was majr support last week. Resistances are at 21439 ( Fib Resistance), 21639 ( MA 21 days) , 22000, 22117, 22155 Support at 21300 ( trend line Support), 20800-21000 have strong Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term ( Neutral)- Can buy at 20800 -21000 level. Target Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22500 to 18800 expected till mid of 2024. however if Q3 results are good, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments (28-Jan-24) : Earlier last 2-3 months , purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Last two weeks IT was little down but comparatively lesser than Nifty Index and nifty Bank. Simillarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last two weeks. Nifty Bank Index was suggested to buy last week. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till Feb budget & till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024. In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Infra Stocks, undervalued bluechip stocks can be considered.
NSE:NIFTY
by karthikss
NIFTY50 INTRADAY LEVELS FOR 29/01/2024BUY ABOVE - 21400 SL - 21330 TARGETS - 21470,21530,21580 SELL BELOW - 21300 SL - 21340 TARGETS - 21250,21210,21130 NO TRADE ZONE - 21300 to 21400 Previous Day High - 21470 Previous Day Low - 21250 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 25/01/2024BUY ABOVE - 21470 SL - 21400 TARGETS - 21530,21580,21670 SELL BELOW - 21400 SL - 21470 TARGETS - 21300,21210,21130 NO TRADE ZONE - 21400 to 21470 Previous Day High - 21470 Previous Day Low - 21130 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 24/01/2024BUY ABOVE - 21300 SL - 21210 TARGETS - 21420,21480,21530 SELL BELOW - 21210 SL - 21300 TARGETS - 21130,21030,20970 NO TRADE ZONE - 21210 to 21300 Previous Day High - 21750 Previous Day Low - 21210 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--@Trendline Retest??Nifty broken the major trendline In the previous sessions price is retested the same trendline and showing Bearishness from the supply zone.On bottom side strong demand zones lies at 20800 levels. If this trendline acts as resistance we will observe a continuous Bearishness in nifty upto 20800 levels. If we observe consolidation between 21700-21300, will expect a fall below 21300 and then have a rise again towards ATH. Note: If trendline failed to push down side, liquidity grab above the trendline will observe and a fall happens again.
NSE:NIFTY
by IIT-Trader
1
NIFTY INTRADAY LEVELS FOR 23/01/2024BUY ABOVE - 21670 SL - 21620 TARGETS - 21720,21840,21920 SELL BELOW - 21580 SL - 21630 TARGETS - 21530,21480,21420 NO TRADE ZONE - 21580 to 21670 Previous Day High - 21720 Previous Day Low - 21530 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 Short , Medium & Long Term View-23-Jan-24 to 25-Jan-24Nifty Short , Medium & Long Term View-23-Jan-24 to 25-Jan-24 Nifty closed at 21571 21894(Prev Cloase 21710 ) and touched low & high of 21293 & 22126. RSI and stochastics levels ( 53% & 35 % Respectively). Stochastics is moving towards oversold zone. Market saw huge volatility last week of around 850 Points, especially fluctuated after results of HDFC bank. Earlier last 2-3 months , purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up. last week IT was little down along with the Nifty Index. Simillarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 5-7%.Nifty Bank Index was suggested to buy last week. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty IT had a good run in last month with expectation of growing world economic condition especially US. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up. Expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario. Profit booking upto 30% was suggested in the last 1.5 months, Cash will be useful to pick the right stocks. Stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till Feb budget & till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024. In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Infra Stocks, undervalued bluechip stocks can be considered. Nifty- Short Term ( Neutral-Moderately Bearish) Resistances are at 21650 ( MA 21 days) ,21762 (MA 7 days), 22000, 22117, 22155 Support at 21422 (fib Resistance), 21300 ( trend line Support), Nifty Medium Term & long Term ( neutral)- 22308, Can achieve 22521 target Support at 21422 ( Fib Support), 20225 (prev high), 20000 ( Fib Resistance) 20800-21000 have strong Fib Support and trend line support as shown in the chart. Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Long Term market expected range bound between 22500 to 18800 expected till mid of 2024. however if Q3 results are good, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance).
NSE:NIFTY
by karthikss
Nifty positional making money.Monday intraday<> Mild gap up or flat opening will be good to go longs and resistance should hit first before it takes support once again. Huge gap down will be neglected the view. IMPORTANT-20300-20500 gap will fill before budget or after the budget it may fill depending on financial news. >Just follow the trend you will never be in loss. >Don't predict before closing levels for traps. >Wait for the retest level which will be secure and can avoid huge losses. >Profit bookings according to your capital %. >Don't use indicator on daily basis as stop loss can hit easy.
NSE:NIFTY
by adarshkhatwate
NIFTY--Supply zone@21700 ??After a strong fall, expecting some retracement in nifty. on topside supply zone is identified at 21650-21700 levels. so liquidity is lies above and below this levels, after testing these levels again have a chance of fallback to test the demand zones at 21300 levels and at 20800 levels. If 21300 level fails to push it upside, quick drop and rise will see in coming sessions. so this week mostly in this range 21700-21300 levels. Be careful, long after 21700 short below 21300.
NSE:NIFTY
by IIT-Trader
10
NIFTY INTRADAY LEVELS FOR 20/01/2024BUY ABOVE - 21670 SL - 21620 TARGETS - 21730,21840,21920 SELL BELOW - 21580 SL - 21630 TARGETS - 21530,21480,21420 NO TRADE ZONE - 21580 to 21670 Previous Day High - 21610 Previous Day Low - 21580 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 19/01/2024BUY ABOVE - 21540 SL - 21480 TARGETS - 21610,21680,21730 SELL BELOW - 21420 SL - 21480 TARGETS - 21300,21210,21130 NO TRADE ZONE - 21420 to 21540 Previous Day High - 21540 Previous Day Low - 21300 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
5