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Niftyprediction

NIFTY INTRADAY LEVELS FOR 10/01/2024BUY ABOVE - 21610 SL - 21560 TARGETS - 21680,21750,21830 SELL BELOW - 21500 SL - 21560 TARGETS - 21410,21330,21250 NO TRADE ZONE - 21500 to 21610 Previous Day High - 21750 Previous Day Low - 21500 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY50 INTRADAY LEVELS FOR 09/01/2024BUY ABOVE - 21610 SL - 21560 TARGETS - 21680,21750,21830 SELL BELOW - 21500 SL - 21560 TARGETS - 21410,21330,21250 NO TRADE ZONE - 21500 to 21310 Previous Day High - 21750 Previous Day Low - 21500 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 👍
NSE:NIFTY
by Jagadheesh_JP
9
Nifty Short , Medium & Long Term View-08-Jan-24 to 12-Jan-24Nifty Short , Medium & Long Term View-08-Jan-24 to 12-Jan-24 Nifty closed at 21710 (Prev Close 21726) and touched low & high of 21839 & 21490. RSI and stochastics levels ( 69% & 85 % Respectively). Stochastics above 80 and still in overbought zone. Market was almost flat last week. Could not take decisive close above 21800-21850. Fibonacci extended resistance is near to 22500 as shown in chart which is 5 % from current level. nifty need to decisively close above 21800-21900 Zone in order to move to next target 22000/22500. Profit booking upto 30% was suggested in the last month, Almost i have booked 20% profit in Equities & Mutual Funds. 100% of ulip shifted from equities to balanced funds & money market as we get free switches in ulip. Market can any time expected to turn volatile and it will continue till Q3 results, 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 IT had a good run in last month with expectation of growing world economic condition especially US. Nifty IT expected to post flat results in Q3. But in expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario. Q3 Results & Policy changes are need to be looked into for next year growth of Nifty. Nifty- Short Term ( Neutral) Resistances are at 21800-21850 , 22000 ( however no trend line, fibonacci resistance are available). Support at 21260 ( MA 21 ) ,21000, 20900 Nifty Medium Term & long Term - Market decisively closed above 21000 last week and near to 21500 Can achieve 22500 target if close above 21900 decisively. Support at 20500 ( Fib Support) , 20225 ( prev high), 20000 ( Fib Resistance) Long Term market range bound between 22500 to 18800 expected till mid of 2024.
NSE:NIFTY
by karthikss
Nifty live prediction for today 3rd Jan 24As we have discussed, Nifty has been moving upwards in the channel. Now, it has broken down to the lower channel, which shows a bearishness in the NIFTY behavior. There is a high probability that it will now continue in the lower channel as a bearish trend. OI data also confirms its bearish nature with PCR = 0.70. it will be bearish for now. Reasons: It has entered the bearish channel side. Now, fall might be sharp. (Bearish) Price < EMAs that show the bearishness in the market. also it has given crossover(ema(13,50)) which always shows reversal of the trend. RSI = 40 shows the weak bulls and might enter <40 that will be the start of heavy bearishness. if we see the OI data PCR = 0.70 which shows bearishness in the market. 21500 will be acting as a nice support level to the downside. Upside 21600 will be acting as a nice resistance zone; OI data also confirms that. Verdict: Bearish Plan of action: Sell 21550 CE and hedge it with a small CE premium.
NSE:NIFTYShort
by finnova_
Nifty Short , Medium & Long Term View-01-Jan-24 to 05-Jan-24Nifty Short , Medium & Long Term View-01-Jan-24 to 05-Jan-24 Nifty closed at 21726 ( Prev Week Close 21349) and touched low & high of 21238 & 21800. RSI and stochastics levels ( 78% & 95 % Respectively) . Stochastics in overbought zone after a short runup last week Market had a little rally due to global market upward movement last week as expected and touched high of 21800 but with a small dip on the last day of last week. On new year day market was almost flat and couldnt move beyond 21800-21850 which to be considered as resistance to market. Fibonacci extended resistance is near to 22500 as shown in chart which is 5 % from current level. Since there is a upward movement in global market, nifty likely move up temporarily to 21800-21850 / 22000 though Market is still in overbought zone. Profit booking upto 30% was suggested in the last month, Almost i have booked 20% profit in Equities & Mutual Funds. 100% of ulip shifted from equities to balanced funds & money market as we get free switches in ulip. Market can any time expected to turn volatile and it will continue till Q3 results, 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). Nifty IT had a good run in last few days with expectation of growing world economic condition especially US. But in expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario. Q3 Results & Policy changes are need to be looked into for next year growth of Nifty. Nifty- Short Term ( Neutral) Resistances are at 21800-21850 , 22000 ( however no trend line, fibonacci resistance are available). Support at 21260 ( MA 21 ) ,20000 ( Fib Resistance) , 20500 ( Fib Support) , 20225 ( prev high) Nifty Medium Term & long Term - Market decisively closed above 21000 last week and near to 21500 Can achieve 22500 target if close above 22000 decisively. Support at 20225/ 20000/ 19850 Long Term market range bound between 22500 to 18800 till elections are completed.
NSE:NIFTY
by karthikss
CORRECTION COMING UP IN NIFTY?There is clear divergence seen on nifty daily timeframe, also marked nifty long time resistance in rsi, whenever rsi came to that level it took resistance and came down to retest lower support. Also nifty has formed doji after the uptrend, if a red candle closes below the doji candle on next trading session we can expect a small correction. All the analysis is purely based on the historical data available and do not jump to trade without confirmation, trade only after confirmation of trend as market can always trap.
NSE:NIFTYShort
by PinakaTraders