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Niftytrend

First hurdle 22080 crossed; Second hurdle around 22180-22200.We had depicted 22080 and 22180 as 2 hurdles for Nifty crossing which there can be a bullish rally. first hurdle was crossed today ut Second hurdle in the range of 22180 and 22200 remains. Today Nifty made a high of 22193 and returned from the same area due to the resistance zone indicated earlier. Crossing and closing the week above 22200 tomorrow will increase the chances of Bulls getting into rally mode. If the resistance in the region is not crossed and Nifty does not cross and close above today's high, there are chances that some supports will be tested again. Nifty Supports Remain at: 22080, 21852, 21806 and finally 21710. Below 21710 Bears will get a firm grip of the market. Nifty Resistances: 22193 (today's high), 22301, 22449 and finally 22526.
NSE:NIFTYLong
by Happy_Candles_Investment
Diagonal pattern or correction pattern?Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
NSE:NIFTYLong
by mehdi47abbasi79
Trend line and deep resistance zone blocking Nifty progressThe resistance zone between 22081 and 22180 is blocking Nifty progress currently. Once Nifty closes above 22180 bulls can call shots in the market and take it further. After crossing and closing above 22180 further resistances will be near 22301, 22449 and 22526. On the lower side supports for Nifty are near 21882, 21710 and 21544. Nifty is interestingly placed for rest of the week. Shadow of the candle right now is neutral.
NSE:NIFTY
by Happy_Candles_Investment
Nifty took a trend line support while trying to form a bottom.Nifty took a trend line support at 21710 while trying to form a bottom. If the bottom is confirmed tomorrow and we get a few positive candles while closing the day or week above 22042 some bullishness can return to the market. In case the level of 21710 is broken the next support level is near 21524. In case we get a closing this week above 22042. Further resistance levels will be seen at 22204, 22299 and 22454. Shadow of the candle for tomorrow looks firmly positive as of now.
NSE:NIFTYLong
by Happy_Candles_Investment
Dynamics of NIFTY50 21750 March 2024 Call OptionDate: 20-03-2024 As a seasoned derivatives trader, I find myself constantly immersed in the intricate dance of market movements, option data, and technical analysis. Today, I delve into the world of NIFTY50 futures and options, particularly focusing on the March 2024 contract. Join me as I unravel the insights gleaned from my custom-built software, MRISKA DTS5, and share my perspective on the probable expiry level in terms of the strike price for this contract. Let's embark on this journey by stepping back to the 29th of February 2024, the day the Nifty50 February 2024 contract expired. On that date, the Nifty50 spot settled at 21982.80, setting the stage for our analysis. One of the key observations from my data exploration was the significant short buildup in the 21750 call option . The 21750 call option caught my attention with its last traded price of 626.10 and a stop loss level of 922.30, valid until 28th March 2024. Tracking its performance from 29-02-2024 to 20-03-2024, the option saw its highest high at 915.00 on 06-03-2024. Fast forward to today, the Nifty50 spot closed at 21839.10, while the 21750 call option stood at 262.40. At this juncture, two distinct possibilities emerge. The first scenario entails the 21750 call option hitting the stop loss level of 922.30 by 28th March 2024. This outcome would signify a substantial move in the market, reflecting the dynamic nature of derivatives trading. Conversely, the second scenario revolves around the Nifty50 spot settling below 21750 by the contract's expiry. This scenario hinges on various factors such as market sentiment, economic indicators, and global events that can influence market movements. It's crucial to emphasize that my analysis and views are purely educational and should not be construed as trade recommendations. Derivatives trading demands a comprehensive understanding of risk management, market dynamics, and thorough research, which are essential for informed decision-making. In conclusion, navigating the complexities of NIFTY50 futures and options requires a blend of data-driven insights, technical expertise, and a nuanced understanding of market behavior. As we approach the expiry of the March 2024 contract, the unfolding dynamics will offer valuable lessons and opportunities for traders and investors alike. Stay tuned for further updates as we continue to explore the ever-evolving landscape of financial markets.
NShort
by IndexAce
Nifty key levels for 21th March | Expiry TradeStay ahead of the curve with our daily Nifty key levels! NSE:NIFTY key levels for tomorrow. We booked profit of 120 points in Nifty today. Overview: Here are the key levels to watch for potential entry and exit points in BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:NIFTY
by Nivesh_Labs
Double Bottom Kind of structure is forming in Nifty. Double Bottom Kind of structure is forming in Nifty but still it is delicately placed. If the levels of 22037 and 21912 are held which are a support zone and if the resistance zone of 50 and 200 Hours EMA which are at 22072 and 22144 are broken on the upper side we can see strength. Thus the support Zones for Nifty are at: 22037 and 21912. Below 21912 bears will strengthen their grip. The Strong Resistance Zones that Nifty needs to cross for Bulls to start taking control is the zone between 22072 and 22144. Other Resistances if this zone is crossed will be at : 22206, 22301, 22361, 22445 and finally 22525.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 18/03/2024BUY ABOVE - 22060 SL - 22010 TARGETS - 22120,22170,22210 SELL BELOW - 21980 SL - 22010 TARGETS - 21940,21900,21850 NO TRADE ZONE - 21980 to 22060 Previous Day High - 22120 Previous Day Low - 21940 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
1
All INDEX key levels for March 18, 2024 #Nifty #BankNiftyAll INDEX key levels for March 18, 2024 #Nifty #BankNifty Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the Fall of 500 points in BankNifty Here are the key levels to watch for potential entry and exit points in BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:NIFTY
by Nivesh_Labs
NIFTY - key levels for march 4th weekSo we are analyzing nifty in a Daily time frame. Nifty has broken the trendline support On a daily closing basis with a red big candle. Also, we can see the formation of the head and shoulders pattern. The right shoulder is not yet being formed, but if it gets formed and the pattern gets validated, we can see a further downfall. In an hourly time frame, we can also see the bearish chart pattern i.e. Descending Triangle. Even the RSI indicates divergence which is another indicator, So trade cautiously. Don't make any swing Entries in any of the stocks. I will wait until Nifty closes above 22,200 or 300. I need a bullish closing above those levels. Until then, I won't be making any swing positions. Also, the key important levels are mentioned in the chart. If the support level of 21,900 gets broken. We can see a further downfall. This level has been acting as a key support for almost 50 days. So if this gets broken a downfall can be seen. And it can take us till 21,544. And the strong sell-off can continue. We can see further downfall till 21,150. I would remain bullish above 22200. The chart seems weak, so plan accordingly. Also If buying starts from this level i.e. from the current level, we will wait until it reaches 22,300. Let nifty spend some time near those levels. And if we see further consolidation and breakout near those levels? We can go for some swing positions. So currently it's a break-or-make situation for the nifty.
NSE:NIFTY
by Vallabh69