NIFTY Chart

 

Nifty and Banknifty monthly LEVELS

BANK NIFTY

 

1. 
   
   Recent Swing: 54467 - 46077:
   • This refers to a significant price movement in Bank Nifty, from a high of 54467 to a low of 46077. This swing can be used to calculate Fibonacci retracement levels.

2. Retracement Levels at 78.6% = 47872:

   • You have identified the 78.6% Fibonacci retracement level at 47872, which is a critical level for potential support or resistance. The 78.6% level is often considered a strong area of interest for price reversals.

3. Actual Low at 47898 with Positive Divergence:

   • The actual low was slightly above the 78.6% level (47898). The positive divergence means that while the price made a new low, a technical indicator (like RSI or MACD) made a higher low, suggesting weakening downward momentum and a potential reversal.

4. Sustained Above 78.6% for the Past 4 Days:

   • The price has been consistently staying above the 78.6% level (47872) for the last 4 days. This is a bullish sign, as the market has held above a key Fibonacci level, indicating potential strength.

5. Made a High of 49459 and Closed Below 61.8% (49282) at 49278:

   • The price reached a high of 49459 but closed below the 61.8% Fibonacci retracement level (49282) at 49278, which suggests some weakness or selling pressure at this level. The 61.8% retracement is often seen as a key resistance zone in a corrective move, so the close below it may indicate difficulty in moving higher.

Analysis:

• The positive divergence at the low near 47898 and the price sustaining above the 78.6% retracement level for 4 days is a strong indication of potential support and a reversal.
• However, the recent high at 49459 and the subsequent close just below the 61.8% retracement level (49282) signals that the market is encountering resistance. This suggests that while there is bullish potential, there is still some selling pressure or uncertainty at higher levels.

Key Levels to Watch:

• Support: The 78.6% retracement level at 47872, which has held for the past 4 days.
• Resistance: The 61.8% retracement level at 49282, with the recent close of 49278 just below this level.

NIFTY CHART

 It seems like you meant "positive divergence from 25/10/2025", but the date appears to be in the future. You might have meant 25/10/2023 or another past date. Assuming you meant a previous date, here's what positive divergence typically refers to in technical analysis:

• Positive Divergence occurs when the price of an asset is making lower lows (a downtrend), but an indicator (like the RSI, MACD, or stochastic) is making higher lows. This suggests that although the price is dropping, the momentum behind the price movement is weakening, and a potential reversal or trend change could be on the horizon.
• 
  

Swing 26277-21281: This could refer to a price range or a historical movement of a particular financial instrument.

Support at 61.8% at 23189: This indicates a Fibonacci retracement level where there is expected support or resistance based on Fibonacci ratios. In this case, 23189 is identified as a key support level at 61.8% retracement from some previous move.

Sustained above this level for the past 2 days: The price has been trading above 23189 for the last two trading days.

Consecutive 3 close is good for +ve: If the price closes above 23189 for three consecutive days, it is seen as a positive sign, potentially indicating further upward movement.

Nifty CHART

 Based on the provided analysis of Nifty:

1. Price Action & Range:

   • Nifty has been holding above the 23,575-23,600 level for the last three days, showing resilience at these support levels.
   • The lows of the last three days (Jan 6, Jan 7, and Jan 8) are progressively higher, with each day’s close showing a positive movement compared to the previous day.

2. Momentum:

   • The momentum is indicated to be negative in the short term (which could imply some corrective pressure or lack of strong buying interest), but the trend remains positive. This suggests that the overall market bias is still upward, but there may be some consolidation or volatility in the near term.
   • The RSI (14) being in a positive crossover with the short-term EMA (5 and 8) points towards potential bullishness in the short term, even though the overall momentum is negative.

3. Resistance Levels:

   • The major resistance levels for Nifty are marked at 23,871, 23,974, and 24,070-24,414. These are areas where price could face challenges to move higher, and they could signal short-term pullbacks or reversals.

4. Fibonacci & Volatility:

   • The latest swing from 23,263 to 24,857 has a key Fibonacci retracement level at 23,604 (78.6%), which is close to the recent low points of 23,551, 23,637, and 23,496. These levels may act as crucial support zones.
   • Volatility is low around these levels, but any break below 23,600 could potentially lead to higher volatility, especially if the support zones fail to hold.

5. Expectations:

   • There is an expectation of low volatility unless a significant break occurs in the support levels or the price moves toward the resistance levels.
   • Based on the analysis, fast moves in either direction are not expected due to the balance between negative momentum and the positive trend. The market is likely to remain in a consolidation phase unless there is a clear breakout or breakdown.

Summary:

• Nifty is in a consolidation range with good support above 23,600 and resistance around 23,871–24,414.
• The short-term momentum is negative, but the overall trend is positive, indicating possible volatility with no rapid moves expected.
• The market is expected to remain within a defined range unless a clear directional break occurs above resistance or below support.

NIFTY CHART

 It seems you're outlining a detailed technical analysis of an asset's recent price movement. Let me break it down further for clarity:

1. Last Swing 23263-24857: This indicates a recent price range for the asset, moving between 23,263 and 24,857. This price range could represent a swing low (23,263) and a swing high (24,857), showing a significant move.

2. Positive Divergence: Positive divergence occurs when the price of the asset is making lower lows, but an indicator (such as the RSI, MACD, or other momentum indicators) is making higher lows. This suggests weakening downward momentum and potential for an upward reversal.

3. Sentimentally Strong Bounce with Volume: The price saw a strong upward movement (bounce) yesterday, supported by high trading volume. The increased volume reinforces the idea that the bounce has solid backing from market participants, increasing the likelihood of it being sustainable.

4. Small Resistance at 23871: This indicates that the price might encounter resistance around 23,871, which could be a level where selling pressure could emerge. If the price approaches this level, there might be hesitation or reversal unless it breaks through with momentum.

5. Target Zone 24039-24060+: After overcoming the small resistance at 23,871, the price could aim to reach higher resistance zones around 24,039 to 24,060, potentially even beyond that. These levels are viewed as the next key resistance zones. If the price moves past this range, it could signal further bullish momentum.

Summary: The asset recently experienced a price swing between 23,263 and 24,857, with positive divergence suggesting a potential bullish reversal. After a strong bounce yesterday, there is a small resistance level at 23,871, but if the price breaks through, it could target the next resistance levels around 24,039-24,060 or higher. The volume from yesterday's bounce adds strength to the bullish sentiment, increasing the likelihood of the price moving higher in the short term.

NIFTY CHART

 Both indices opened at the support level of the current swing max downside at 78.6% once break today's low 

NIFTY and BANK NIFTY CASH LEVELS

Nifty Chart

 Nifty cash 24641.80 CASH, NSE index / indices

Sustained above and close above 24705  will be good for Bulls

NIFTY CHART

NSE INDICES / INDEX NIFTY 24619

The Nifty index, with the given details, is showing some key technical levels and chart patterns. Let's break down the analysis:

Key Observations:

1. Negative Divergence on the Hourly Chart:

   • Similar to Bank Nifty, the Nifty index is exhibiting negative divergence on the hourly chart. This means the price is likely making higher highs while momentum indicators (like RSI or MACD) are forming lower highs, which signals weakening momentum. This could indicate that the price might struggle to maintain the current upward trend or could potentially move lower in the near term.

2. Support Zone (24590-24550):

   • The immediate support for Nifty is seen in the 24590-24550 range. A decline in this support area will be a crucial level to watch. If the price holds above this range, it could still indicate consolidation or a sideways movement. However, a breakdown below this support could suggest further downside.

3. Downside Targets:

   • If Nifty fails to hold above 24590-24550, the index could likely test lower levels. The identified downside targets are:
     • 24311 (near-term support level),
     • 24063 (deeper support zone),
     • 23666 (longer-term support level).
   • These levels provide potential downside targets in case the negative divergence continues and the index starts to decline.

4. Expected Sideways Movement with Negative Bias:

   • Based on the negative divergence and the support range, the overall expectation is for the index to move sideways, but with a negative bias. This suggests the market could consolidate within a range, with the downside risk being more prominent than the upside potential.

Key Levels:

• Immediate Support: 24590-24550.
• Next Downside Targets: 24311, 24063, and 23666.
• Resistance for Upside Move: Any significant rally would need to break through the recent highs to invalidate the negative bias, but with negative divergence in play, the expectation leans towards the downside or sideways.

Conclusion:

Given the negative divergence on the hourly chart, Nifty is likely to face downside pressure if it fails to hold the immediate support zone at 24590-24550. A break below this level could lead the index to test lower targets, with potential downside support levels around 24311, 24063, and 23666. However, the broader market could also move sideways with this negative bias, and any bullish reversals would require a clear break above the current resistance.

NEGATIVE DIVERGENCE 

Negative divergence is a technical analysis concept used to identify potential reversals in a price trend. It occurs when the price of a financial instrument moves in one direction (often higher), but a technical indicator—such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Volume—moves in the opposite direction (often lower).

Here’s how to identify a trend with negative divergence:

---

1. Choose an Indicator

• Common indicators for spotting divergence include:
  • RSI: Measures the speed and change of price movements. Divergence with RSI is widely used.
  • MACD: Tracks the relationship between two moving averages of a security’s price.
  • Stochastic Oscillator: Compares a particular closing price to a range of prices over a specific period.

---

2. Examine the Price Trend

• Look for higher highs in price (indicating an uptrend).

---

3. Compare with the Indicator Trend

• Check if the indicator is making lower highs during the same period when the price is making higher highs.
• For example:
  • Price forms a new high, but RSI or MACD forms a lower peak.

---

4. Confirm Negative Divergence

• Ensure the divergence is clear and not marginal.
• It’s more reliable when:
  • It occurs near overbought levels (e.g., RSI > 70).
  • The divergence spans multiple peaks.

---

5. Look for Additional Signals

• Combine with other technical signals like:
  • Reversal candlestick patterns (e.g., shooting star, bearish engulfing).
  • Trendline breaks.
  • Reduced volume on price highs.

---

Example:

1. Price Action: A stock’s price rises to $100 (high 1), pulls back, then rises again to $110 (high 2).
2. RSI Indicator: RSI is at 75 during high 1 but only 68 during high 2, despite the higher price.
3. Divergence: This indicates a weakening momentum and potential reversal.

Negative divergence signals that an uptrend may lose strength and could reverse. However, it’s not a guaranteed reversal indicator, so confirm it with additional tools or patterns.

BANK NIFTY

 BANKNIFTY 53407.8  CASH INDEX / INDICES / NSE

Bank Nifty is currently facing resistance in the 53732-53750 zone, as indicated by its recent price action and the presence of negative divergence on the hourly chart. Let's break down the key observations and technical analysis:

1. Negative Divergence on the Hourly Chart: Negative divergence occurs when the price of an asset makes a higher high, but the corresponding indicator (e.g., RSI, MACD) forms a lower high. This suggests that the momentum is weakening, and the price might not be able to sustain the upward movement.

2. Recent Price Action:

   • The Bank Nifty attempted to break the 53732-53750 resistance zone on two separate occasions:
   • 
     
     • The first attempt reached a high of 53775, but it closed lower at 53733.
     • The second attempt saw a high of 53749, with a closing price of 53648.
     • 
       
   • These failed attempts to sustain above the resistance level indicate that the sellers are actively defending this area.

3. Retracement Resistance: The price action around 53732-53750 represents the current swing retracement resistance. If the price fails to break through this level decisively, there could be a pullback or a continuation of the downward trend.

Key Levels:

• Resistance Zone: 53732-53750, with the highs of 53775 and 53749 acting as significant barriers.
• Support Levels: Any breakdown below the recent closing prices of 53648 could bring the price closer to the next support levels. A strong move below these levels could signal a deeper retracement or a continuation of the downtrend.

Conclusion:

Given the negative divergence and the repeated failure to break the resistance zone, the Bank Nifty may face downward pressure if the 53732-53750 resistance continues to hold. Traders may look for signs of weakness around this zone for potential short positions, while a break above 53750 could invalidate this bearish scenario, leading to a potential upside move. Keep an eye on the hourly chart for any signs of further divergence or shifts in momentum.

Negative divergence is a technical analysis concept used to identify potential reversals in a price trend. It occurs when the price of a financial instrument moves in one direction (often higher), but a technical indicator—such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Volume—moves in the opposite direction (often lower).

Here’s how to identify a trend with negative divergence:

---

1. Choose an Indicator

• Common indicators for spotting divergence include:
  • RSI: Measures the speed and change of price movements. Divergence with RSI is widely used.
  • MACD: Tracks the relationship between two moving averages of a security’s price.
  • Stochastic Oscillator: Compares a particular closing price to a range of prices over a specific period.

---

2. Examine the Price Trend

• Look for higher highs in price (indicating an uptrend).

---

3. Compare with the Indicator Trend

• Check if the indicator is making lower highs during the same period when the price is making higher highs.
• For example:
  • Price forms a new high, but RSI or MACD forms a lower peak.

---

4. Confirm Negative Divergence

• Ensure the divergence is clear and not marginal.
• It’s more reliable when:
  • It occurs near overbought levels (e.g., RSI > 70).
  • The divergence spans multiple peaks.

---

5. Look for Additional Signals

• Combine with other technical signals like:
  • Reversal candlestick patterns (e.g., shooting star, bearish engulfing).
  • Trendline breaks.
  • Reduced volume on price highs.

---

Example:

1. Price Action: A stock’s price rises to $100 (high 1), pulls back, then rises again to $110 (high 2).
2. RSI Indicator: RSI is at 75 during high 1 but only 68 during high 2, despite the higher price.
3. Divergence: This indicates a weakening momentum and potential reversal.

Negative divergence signals that an uptrend may lose strength and could reverse. However, it’s not a guaranteed reversal indicator, so confirm it with additional tools or patterns.

Bank Nifty

Bank Nifty 53603.6 CASH NSE

 48636-42105 EXACTLY reversed from 61.8% Create some swing trades for the TARGET of 53860

and 261.8% at 59203+.  20/9/2024 Touched 54066 and closed at 53793, closed below 53860.

Retraced up to 50194 from 53793

5/12/2024 Again touched 53888 and closed at 53603, below 53860

Extended issue first retracement 57437.  

Implies stiff resistance at 53900 for the TARGET 57437-59203+ [previous charts 261.8% [positional]

Nifty CHART

CASH  Nifty 24457.20

The recent swing exactly bounced from 61.8% 

Indicates for minimum 38.2% of 23.6% 

Already closed above 38.2% implies a good support range of 24370-24300

for the TARGET 25098-25105 range.  

nifty analysis, nifty, nifty chart, NSE, rsi, MACD, EMA, Candle stick, Fibonacci, Trend, TRADING

Banknifty Analysis

 BANKNIFTY CASH 52055.60

Banknifty Support 51900 for 52918+

Traded below 51900 will lead to a negative zone for 51700 and 51300

last 4-5 hours on closing basis bank nifty protected by 51900 on closing basis

Nifty Analysis

NIFTY 24131.10 [Cash nifty NSE]

 LATEST swing generates resistance at 24163 for 24570+

Good support at 23897 for 23763

As per Fibonacci, 180% may be stiff resistance, So sideways with negative bias 

for the whole day

MACD suggests that support for any trade below 24000 will lead to next support 23897 and 23763

Negative divergence on the daily chart also, so any holding long will protect with proper / convenient Stop loss

Banknifty Analysis

NSE BANK NIFTY CASH

Banknifty 52500 is major resistance to a trend change. For the past three days, it has tried to close above this level. 

NIFTY ANALYSIS

CASH NIFTY NSE,

Nnifty analysis daily with a recent swing for intra and

 higher time frame levels for positional

 Recent swing 21281-26277 38.2% at 23189

(that is why mentioned in the 14/11 analysis 

23260 to 2318 max downside

EXACTLY REVERSED from 23260

Recent swings 38.2% at 24368

So The upside mentioned 24388 

Actual High  24354 only

Nifty Chart Analysis

 Important levels for profit booking, nifty and banknifty cash levels 

Nifty 14-11-2024

 Regarding Nifty analysis, Everybody is now talking about RSI overbought/oversold, 200 EMA, positive divergence, and Fibonacci 61.8% of the current swing 78.6% further lower at 23260+, ATR resistance and supports, and so on.

But Archived Swing 24753-26277 swings 180% at 23533. check [yesterday's low at 23509 closed at 23559, today's low at 23484 closed at 23532], Maintain 23500
21281-26277 swings 61.8% at 23189 [so below 23500 will lead to 23260-23189 range, expect max downside here]

Bank nifty 13-11-2024

 

Stiff resistance 51500(C) and 50200 good support

Consolidation  7/10/24 to 12/11/2024

with levels 52500 to 51262 and 50900

The only positive on Banknifty is holding 

current swings 38.2% on the weekly chart

Nifty 13-11-2024

 Already issued the Chart with I H&S pattern with TGTs on 17/10/2024

from 24756 with neckline 24700 for 24340-23590 23051

So 23170-23051 is a good support to bounce 

On 04-11-2024 low 23816 closed at 23995

Mentioned Earlier 25400 for 24400 and below 24400  below Weak for 23865-23800 - 23560

breach  all the levels 4 consecutive lows below 24337 also  (38.2%)

of the swing 26227-21281

So, it is a rare case to bounce from 50% at 23754-23560

So,  Minimum 61.8% at 23170 of the current swing and 

Maximum 78.6% at 22339 of the current swing

CASH Bank Nifty chart Analysis for 08-11-2024

 

Banknifty CASH 51916.50

Current Banknifty Sswing 50194-52577 bounced from 61.8% (51104) 3 times and 

bounced from 78.6% at 50703, one time,  both good support  for the TGT 53215-54049+

As like 24440 nifty key for bank nifty 51600(C)