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Niftytrend

NIFTY INTRADAY LEVELS FOR 08/08/2024BUY ABOVE - 24360 SL - 24270 TARGETS - 24440,24530,24590 SELL BELOW - 24200 SL - 24270 TARGETS - 24130,24010,23900 NO TRADE ZONE - 24200 to 24360 Previous Day High - 24360 Previous Day Low - 24200 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 07/08/2024BUY ABOVE - 24130 SL - 24010 TARGETS - 247220,24360,24440 SELL BELOW - 24010 SL - 24130 TARGETS - 23900,23800,23740 NO TRADE ZONE - 24010 to 24130 Previous Day High - 24360 Previous Day Low - 23900 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 ANALYSIS FOR 06 AUG 2024BUY ABOVE - 24130 SL - 23990 TARGETS - 247220,24360,24440 SELL BELOW - 23990 SL - 24130 TARGETS - 23900,23800,23740 NO TRADE ZONE - 23990 to 24130 Previous Day High - 24360 Previous Day Low - 23900 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 Analysis support and resistence1. Nifty 50 Index Overview: - The Nifty 50 Index represents the top 50 stocks by market capitalization on the National Stock Exchange of India (NSE). It covers 13 sectors of the Indian economy and serves as a benchmark for fund portfolios and index funds. - As of the most recent data, the Nifty 50 has been performing well, with a year-to-date gain of 14.31% and a 1-year return of 26.33%. 2. Recent Market Movements: - On July 23, 2024, after the Union Budget presentation, the Nifty experienced a slight retraction. - However, on July 26, 2024, it rebounded and reached an all-time high of 24,861 points. - This raises questions about its next move. 3. Concerns and Analysis: - The closing at 24,055 points (lower than the previous close on July 23) indicates potential weakness. - Significant volume and increasing volatility suggest heightened market activity. - Such conditions can be risky for investors, as sudden swings may lead to losses. 4. Cautionary Note: - Traders and investors should closely monitor the Nifty 50 chart and consider risk management strategies. - While the market has shown strength, caution is warranted due to the volatile environment. Remember, market predictions are complex, and various factors influence them. Always consult with a financial advisor before making investment decisions. 📈📉
NSE:NIFTY
by mittalanugrahit
NIFTY INTRADAY LEVE;S FOR 05 AUG 2024BUY - 24780 SL - 24710 TARGETS - 24850,24900,24960 SELL - 24710 SL - 24780 TARGETS - 24660,24590,24530 NO TRADE ZONE - 24710 to 24780 Previous Day High - 24850 Previous Day Low - 24710 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
As mentioned yesterday Profit Booking was seen post new High. As we had discussed in yesterday's message after making a new high of 25078 there was strong profit booking in many stocks specially Mid, Small and Micro caps. Market breadth turned negative with 784 advances Vs 1588 declines. This is a natural phenomenon and we cant surely say how long the profit booking can go on. Nifty actually did well to close above 25K at 25010. 25037 was mentioned as a strong resistnace. Nifty momentarily went above it but could not sustain the levels. Nifty made a low of 24956 and bounced back. We had again indicated that 24957 was a good support. (yesterday's Message). Same level is the key as Nifty can again try to confirm it's bottom for consolidation. In case 24957 is it's temporary bottom Nifty can rise further and again take an aim at closing above previous high of 25078. Supports for Nifty remain at 24957, 24887 and the zone between 24833 and 24806(Mother line). If we get a closing below 24806, 24773 or 24661 might come in play. Resistances for Nifty remain at 25037, 25078 and 25116. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment