#NIFTY 23440 NOW 23840
MD & ABN Stocks Trading Ideas
@abnstocks
Trade Opportunity and Multiple Setup on the basis of Elliott Wave and Fibonacci Retracement & Extension by @md2783
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MD & ABN Stocks Trading Ideas
22 Nov, 04:28
#NIFTY @ 23440 INTRADAY UPDATE
After opening nifty posted a high of 23540 and gave up the morning gains. Now for remaining hours of the days two levels are important to watch 23540 as resistance and downside 23300 as support is.
If nifty manage to move above 23540 on 30 mins to 1hr sustain basis then we have a chance that we may get intraday move towards 23780 and above levels. Whereas if nifty fail to move above 23540 and breaks 23300 spot levels then we may fall downside towards 22975 spot levels.
So understand the importance of 23540 resistance & 23300 support for trading prospective.
After opening nifty posted a high of 23540 and gave up the morning gains. Now for remaining hours of the days two levels are important to watch 23540 as resistance and downside 23300 as support is.
If nifty manage to move above 23540 on 30 mins to 1hr sustain basis then we have a chance that we may get intraday move towards 23780 and above levels. Whereas if nifty fail to move above 23540 and breaks 23300 spot levels then we may fall downside towards 22975 spot levels.
So understand the importance of 23540 resistance & 23300 support for trading prospective.
MD & ABN Stocks Trading Ideas
22 Nov, 04:27
#BANKNIFTY Spot View: 22/11/2024
CMP: 50372.90
Moving AVG (EMA) 20 Hour & 40 Hour: 50496 & 50681
Moving AVG (EMA) 20 Day & 40 Day: 51175 & 51426
Support & Downside Range: 49900--49500—48600
Resistance & Upside Range: 50500—50520--51140—51575 zone, 52500
Short Term Trend Reversal Level: --
Trading View Summary:
• For BANKNIFTY key level to watch is 51140—51575 rest zone.
• As long as BNAKNIFTY is trading below this rest zone its trend remains sell on rise.
• For trading prospective 49900 is key support once it breaks selling pressure builds downside.
• Whereas upside 50500—50820 should act as immediate trading resistance.
CMP: 50372.90
Moving AVG (EMA) 20 Hour & 40 Hour: 50496 & 50681
Moving AVG (EMA) 20 Day & 40 Day: 51175 & 51426
Support & Downside Range: 49900--49500—48600
Resistance & Upside Range: 50500—50520--51140—51575 zone, 52500
Short Term Trend Reversal Level: --
Trading View Summary:
• For BANKNIFTY key level to watch is 51140—51575 rest zone.
• As long as BNAKNIFTY is trading below this rest zone its trend remains sell on rise.
• For trading prospective 49900 is key support once it breaks selling pressure builds downside.
• Whereas upside 50500—50820 should act as immediate trading resistance.
MD & ABN Stocks Trading Ideas
22 Nov, 03:29
#NIFTY Spot View: 22/11/2024
CMP: 23349.90
Moving AVG (EMA) 20 Hour & 40 Hour: 23489 & 23619
Moving AVG (EMA) 20 Day & 40 Day: 24031 & 24368
Support & Downside Range: 23260--22975---22600
Resistance & Upside Range: 23780—23980--24130
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 23780 as resistance.
• As long as NIFTY is trading below this rest zone its trend remains sell on rise for downside 22975 to 22600 spot levels.
• Whereas if NIFTY crosses 23780 spot levels on closing basis then only we get some stability in the ongoing selling pressure.
CMP: 23349.90
Moving AVG (EMA) 20 Hour & 40 Hour: 23489 & 23619
Moving AVG (EMA) 20 Day & 40 Day: 24031 & 24368
Support & Downside Range: 23260--22975---22600
Resistance & Upside Range: 23780—23980--24130
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 23780 as resistance.
• As long as NIFTY is trading below this rest zone its trend remains sell on rise for downside 22975 to 22600 spot levels.
• Whereas if NIFTY crosses 23780 spot levels on closing basis then only we get some stability in the ongoing selling pressure.
MD & ABN Stocks Trading Ideas
21 Nov, 03:22
#BANKNIFTY Spot View: 21/11/2024
CMP: 50626.50
Moving AVG (EMA) 20 Hour & 40 Hour: 50642 & 50824
Moving AVG (EMA) 20 Day & 40 Day: 51253 & 51477
Support & Downside Range: 49900--49500—48600
Resistance & Upside Range: 50650—50850--51285
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 50985 as rest zone.
• After opening if BANKNIFTY fail to move above 50985 spot levels then once again we may see BANKNIFTY to move towards 40900 and below levels.
• Whereas if BANKNIFTY manage to move above 50985 spot levels then for remaining hours of the days BANKNIFTY may lead the upside bounce rally.
CMP: 50626.50
Moving AVG (EMA) 20 Hour & 40 Hour: 50642 & 50824
Moving AVG (EMA) 20 Day & 40 Day: 51253 & 51477
Support & Downside Range: 49900--49500—48600
Resistance & Upside Range: 50650—50850--51285
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 50985 as rest zone.
• After opening if BANKNIFTY fail to move above 50985 spot levels then once again we may see BANKNIFTY to move towards 40900 and below levels.
• Whereas if BANKNIFTY manage to move above 50985 spot levels then for remaining hours of the days BANKNIFTY may lead the upside bounce rally.
MD & ABN Stocks Trading Ideas
21 Nov, 03:22
#NIFTY Spot View: 21/11/2024
CMP: 23518.50
Moving AVG (EMA) 20 Hour & 40 Hour: 23633 & 23733
Moving AVG (EMA) 20 Day & 40 Day: 24103 & 24420
Support & Downside Range: 23412—23350 Zone, 22975---22600
Resistance & Upside Range: 23800—23945 zone, 24080—24135 zone
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 23412—23350 support zone.
• After opening if 23412—23350 manage to hold then once again we may move upside towards minimum 23800 to 23945 zone and max 24080 to 24135 zone.
• Whereas after opening if 23412—23350 breaks on 1hr sustain basis and closing basis then we may see selling pressure to build again and we may fall towards 22975 and 22600 spot levels.
CMP: 23518.50
Moving AVG (EMA) 20 Hour & 40 Hour: 23633 & 23733
Moving AVG (EMA) 20 Day & 40 Day: 24103 & 24420
Support & Downside Range: 23412—23350 Zone, 22975---22600
Resistance & Upside Range: 23800—23945 zone, 24080—24135 zone
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 23412—23350 support zone.
• After opening if 23412—23350 manage to hold then once again we may move upside towards minimum 23800 to 23945 zone and max 24080 to 24135 zone.
• Whereas after opening if 23412—23350 breaks on 1hr sustain basis and closing basis then we may see selling pressure to build again and we may fall towards 22975 and 22600 spot levels.
MD & ABN Stocks Trading Ideas
19 Nov, 03:31
#BANKNIFTY Spot View: 19/11/2024
CMP: 50363.80
Moving AVG (EMA) 20 Hour & 40 Hour: 50509 & 50843
Moving AVG (EMA) 20 Day & 40 Day: 51317 & 51520
Support & Downside Range: 49400--49500—48600
Resistance & Upside Range: 50650—50850--51285
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 50650—50850 rest zone & 49900 as support zone.
• After opening if BANKNIFTY manage to hold 49900 then we may have a chance to get short covering move towards 50650 and above levels.
• Whereas after opening if BANKNIFTY breaks 49900 then we may see more selling pressure towards minimum 49500 and below levels.
CMP: 50363.80
Moving AVG (EMA) 20 Hour & 40 Hour: 50509 & 50843
Moving AVG (EMA) 20 Day & 40 Day: 51317 & 51520
Support & Downside Range: 49400--49500—48600
Resistance & Upside Range: 50650—50850--51285
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 50650—50850 rest zone & 49900 as support zone.
• After opening if BANKNIFTY manage to hold 49900 then we may have a chance to get short covering move towards 50650 and above levels.
• Whereas after opening if BANKNIFTY breaks 49900 then we may see more selling pressure towards minimum 49500 and below levels.
MD & ABN Stocks Trading Ideas
19 Nov, 03:31
#NIFTY Spot View: 19/11/2024
CMP: 23453.80
Moving AVG (EMA) 20 Hour & 40 Hour: 23587 & 23753
Moving AVG (EMA) 20 Day & 40 Day: 24164 & 24767
Support & Downside Range: 23350--23300--22975
Resistance & Upside Range: 23610--23676—23850--24000--24150
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 23350—23300 support zone and upside 23610—23676 rest zone. Break of either side we will get next 200-300 points rally.
• Below 23350—23300 nifty can fall towards 22975 whereas break above 23610—23676 nifty can move towards 23850 and above levels.
CMP: 23453.80
Moving AVG (EMA) 20 Hour & 40 Hour: 23587 & 23753
Moving AVG (EMA) 20 Day & 40 Day: 24164 & 24767
Support & Downside Range: 23350--23300--22975
Resistance & Upside Range: 23610--23676—23850--24000--24150
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 23350—23300 support zone and upside 23610—23676 rest zone. Break of either side we will get next 200-300 points rally.
• Below 23350—23300 nifty can fall towards 22975 whereas break above 23610—23676 nifty can move towards 23850 and above levels.
MD & ABN Stocks Trading Ideas
18 Nov, 06:59
#NIFTY @ 23500 INTRADAY UPDATE
So far nifty has formed double bottom around 23360—23350 spot levels. And currently nifty is crossing the last hour candles high which is 23485 spot levels. Now hourly candle close above 23485 is first sign that today’s low is the bottom and once nifty moves above 23610 spot levels it can head higher towards 23675 to 23750 minimum and max 23850 spot levels.
Now for remaining hours of the day 23350 is important support to watch.
So far nifty has formed double bottom around 23360—23350 spot levels. And currently nifty is crossing the last hour candles high which is 23485 spot levels. Now hourly candle close above 23485 is first sign that today’s low is the bottom and once nifty moves above 23610 spot levels it can head higher towards 23675 to 23750 minimum and max 23850 spot levels.
Now for remaining hours of the day 23350 is important support to watch.
MD & ABN Stocks Trading Ideas
18 Nov, 06:48
#TATAPOWER @ 407 LEVELS UPDATE
So far stock has formed double bottom around 396 spot levels which makes it important support to watch on closing basis.
Whereas upside 411-412 is immediate resistance to watch once stock gives daily close above this rest zone it gives a confirmation that stock might have formed a short term bottom and it can head higher towards 440-450 spot levels in next couple of days.
So understand the importance of 396 support & 412 resistance.
So far stock has formed double bottom around 396 spot levels which makes it important support to watch on closing basis.
Whereas upside 411-412 is immediate resistance to watch once stock gives daily close above this rest zone it gives a confirmation that stock might have formed a short term bottom and it can head higher towards 440-450 spot levels in next couple of days.
So understand the importance of 396 support & 412 resistance.
MD & ABN Stocks Trading Ideas
18 Nov, 04:39
#NIFTY @ 23450 INTRADAY UPDATE
Now downside key level to watch is 23390 spot levels. If this support does not get breach then consider that NIFTY has formed intraday bottom at today’s low which is 23362 spot levels. And by day end nifty should give minimum close at or above 23676 spot levels and max anywhere between 23750—23850 spot levels.
Whereas if nifty breaks 23390 again then intraday bottom is not placed and we may go more lower towards 23300 minimum to max 22975 spot levels.
So understand the importance of 23390 spot levels for remaining hours of the day.
Now downside key level to watch is 23390 spot levels. If this support does not get breach then consider that NIFTY has formed intraday bottom at today’s low which is 23362 spot levels. And by day end nifty should give minimum close at or above 23676 spot levels and max anywhere between 23750—23850 spot levels.
Whereas if nifty breaks 23390 again then intraday bottom is not placed and we may go more lower towards 23300 minimum to max 22975 spot levels.
So understand the importance of 23390 spot levels for remaining hours of the day.
MD & ABN Stocks Trading Ideas
18 Nov, 03:24
#BANKNIFTY Spot View: 18/11/2024
CMP: 50179.55
Moving AVG (EMA) 20 Hour & 40 Hour: 50691 & 51060
Moving AVG (EMA) 20 Day & 40 Day: 51419 & 51588
Support & Downside Range: 49400--49500—48600
Resistance & Upside Range: 50650—50850--51285
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 50650—50850 rest zone & 49900 as support zone.
• After opening if BANKNIFTY manage to hold 49900 then we may have a chance to get short covering move towards 50650 and above levels.
• Whereas after opening if BANKNIFTY breaks 49900 then we may see more selling pressure towards minimum 49500 and below levels.
CMP: 50179.55
Moving AVG (EMA) 20 Hour & 40 Hour: 50691 & 51060
Moving AVG (EMA) 20 Day & 40 Day: 51419 & 51588
Support & Downside Range: 49400--49500—48600
Resistance & Upside Range: 50650—50850--51285
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 50650—50850 rest zone & 49900 as support zone.
• After opening if BANKNIFTY manage to hold 49900 then we may have a chance to get short covering move towards 50650 and above levels.
• Whereas after opening if BANKNIFTY breaks 49900 then we may see more selling pressure towards minimum 49500 and below levels.
MD & ABN Stocks Trading Ideas
18 Nov, 03:23
#NIFTY Spot View: 18/11/2024
CMP: 23559.05
Moving AVG (EMA) 20 Hour & 40 Hour: 23716 & 23877
Moving AVG (EMA) 20 Day & 40 Day: 24239 & 24519
Support & Downside Range: 23500—23450 Zone, 23300--22975
Resistance & Upside Range: 23676—23850--24000--24150
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 23500—23450 as support & upside 23676 as resistance.
• After opening if nifty manage to hold 23500—23450 then we have a chance to see the short covering move today from oversold breath & it can move upside towards 23676 and above levels.
• Whereas after opening if NIFTY fail to break 23676 and breaks 23500—23450 on 15 mins to 30 mins sustain basis then we may see little more downside towards 23300 minimum to max 22975 spot levels.
CMP: 23559.05
Moving AVG (EMA) 20 Hour & 40 Hour: 23716 & 23877
Moving AVG (EMA) 20 Day & 40 Day: 24239 & 24519
Support & Downside Range: 23500—23450 Zone, 23300--22975
Resistance & Upside Range: 23676—23850--24000--24150
Short Term Trend Reversal Level: --
Trading View Summary:
• For today’s intraday trading session key level to watch is 23500—23450 as support & upside 23676 as resistance.
• After opening if nifty manage to hold 23500—23450 then we have a chance to see the short covering move today from oversold breath & it can move upside towards 23676 and above levels.
• Whereas after opening if NIFTY fail to break 23676 and breaks 23500—23450 on 15 mins to 30 mins sustain basis then we may see little more downside towards 23300 minimum to max 22975 spot levels.
MD & ABN Stocks Trading Ideas
14 Nov, 07:45
#NIFTY @ 23550 INTRADAY UPDATE
Its 13.14pm right now. Now downside only one intraday level to watch which is 23510 spot levels if this level gets break then for remaining hours of the day trend remains sideways.
Whereas if 23510 hold then soon we may see a short covering move once nifty touches 23620 spot levels.
now keep eye on 23510 support and 23620 rest
Its 13.14pm right now. Now downside only one intraday level to watch which is 23510 spot levels if this level gets break then for remaining hours of the day trend remains sideways.
Whereas if 23510 hold then soon we may see a short covering move once nifty touches 23620 spot levels.
now keep eye on 23510 support and 23620 rest
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