Niftytrend
NIFTY INTRADAY LEVELS FOR 10 JUNE 2024BUY ABOVE - 23340
SL - 23270
TARGETS - 23420,23500,23600
SELL BELOW - 23170
SL - 23270
TARGETS - 23080,23000,22900
NO TRADE ZONE - 23170 to 23340
Previous Day High - 23340
Previous Day Low - 22800
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 👍
NiftyYou are not going to believe when Nifty actually plays out like this. Today as we approach election results, this is how I see nifty unfolding for next 2 months.
Long Play
Nifty CMP - 22547.95
Target 23047 SL 22416
Short Play
Entry - 23047.50 SL 23080 Target 21850
Long Play
Entry 21826 SL 21820.90 Target New All time high. My over all target on higher side is 25245.
NIFTY FUTURE CHARTHi guys, In this chart i Found a Demand Zone in NIFTY FUTURE CHART for Positional entry, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
TCS: Thy turkey is done? 🕒- The Age of the Indian IT sector seems to be coming back, with NASDAQ:NDX gaining new momentum.
- This week was a good one for TCS
- It finally closed above its crucial resistance zone and the 3500 Mark
- It also broke the symmetric triangle formation, paving the way for future momentum.
-The next week will be crucial as the price spikes will sink in. The sustenance of the price will be crucial.
- We may witness some pullback/consolidation. A retest and continuation will only make the move stronger.
- If the price sustains, We may see a good 4000 level.
Caution: When the bull runs, everything seems lucrative. Being cautious always pays well. Remember, you will be buying the top.
If it helped, Do Leave us a boost 🚀. What is your take on it? Feel free to comment.
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
Very Powerful Comeback Candle sort of Bullish Harami.Nifty made a massive comeback today after the dust of election result settled. Whether NDA's comeback to power and can the Bull Run sustain is the key question. Both are interlinked as of now it seems. However on the technical grounds the formation on chart between yesterday and today's candle is a sort of Bullish Harami (Positive Candle formation). A positive candle formation in the next trading session will confirm the formation. Now the supports for Nifty are at 21261 (Father Line) and 200 EMA, 22139 (Mid channel support), 22413 (Mother Line) and 50 EMA and 22456. Resistances on the upper side for Nifty will be 22695, 22855, 23053, 23192 and finally 23338 (ATH Resistance).
Nifty Spot Levels - Run Upto Election OutcomeNifty in past 7-10 trading sessions...
trading in range 22200 to 22800 With Volatality (due to Geopolitical News and US Mkts and More Data from India and International Mkts).
But as we are awaiting Election Results...
Any DIP seems to be bought into with sentiments riding high on Current Government to Continue .... giving hope for all the major growth work to be carried out as an ongoing process without any hitch and taking Indian Economy to near $5 trillion.
Markets are supreme...
So have marked important Trading levels...
Happy Trading,,,
200 Days EMA comes to rescue of the market. 200 Days EMA comes to rescue of the market. Market which was shocked by the unexpected result was rescued by 200 days EMA today. You can see how it is supportive of Mother Father small child story that I propagate. PAPA line came to support of the falling market and there was a 603.05 points recovery. However the fall is 1379.4 points devastating fall. We can hope for a recovery if the levels of 21247 holds. However the most important resistance will be the MOTHER line of 21404. These two are the most important levels to track for this week and rest of the month. We can expect a recovery on announcement of a stable Government. Many stocks including PSU are coming near mouth watering levels with respect to Dividend yield. Other stocks which have nothing to do with result of the election have also taken a beating even though they were / are on a growth trajectory. So be wise and choose diamonds from the ruins.
Nifty DivergencesNifty Divergences
On a weekly timeframe, Nifty 50 Index is making obvious divergences
Price is making a new high while MACD histogram is in a downward slope
Price is making a new high while the Force Index is dropping even below the 0 line today.
One positive aspect for the bulls, though, is that it found support exactly where it was needed the most. On the centre line
Are you a bull or a bear here?
NIFTY INTRADAY LEVELS FOR 04 JUNE 2024BUY ABOVE - 23340
SL - 23270
TARGETS - 23400,23500,23600
SELL BELOW - 23200
SL - 23270
TARGETS - 23100,23000,22900
NO TRADE ZONE - 23200 to 23340
Previous Day High - 23340
Previous Day Low - 23100
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 👍
NIFTY INTRADAY LEVELS FOR 31 MAY 2024BUY ABOVE - 22500
SL - 22420
TARGETS - 22550,22600,22650
SELL BELOW - 22420
SL - 22500
TARGETS - 22350,22300,22230
NO TRADE ZONE - 22500 to 22550
Previous Day High - 22700
Previous Day Low - 22420
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 👍