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(NFTY) On The My Stocks Page

Longer Term Trading Plans for NFTY
  • Buy NFTY slightly over 56.49 target 58.46 stop loss @ 56.33 Details
  • The technical summary data tells us to buy NFTY near 56.49 with an upside target of 58.46. This data also tells us to set a stop loss @ 56.33 to protect against excessive loss in case the stock begins to move against the trade. 56.49 is the first level of support below 56.95 , and by rule, any test of support is a buy signal. In this case, support 56.49 is being tested, a buy signal would exist.

  • Short NFTY slightly under 58.46, target 56.49, stop loss @ 58.63 Details
  • The technical summary data is suggesting a short of NFTY as it gets near 58.46 with a downside target of 56.49. We should have a stop loss in place at 58.63though. 58.46 is the first level of resistance above 56.95, and by rule, any test of resistance is a short signal. In this case, if resistance 58.46 is being tested, a short signal would exist.

Swing Trading Plans for NFTY
  • Buy NFTY slightly over 57.37, target 58.46, Stop Loss @ 57.2 Details
  • If 57.37 begins to break higher, the technical summary data tells us to buy NFTY just slightly over 57.37, with an upside target of 58.46. The data also tells us to set a stop loss @ 57.2 in case the stock turns against the trade. 57.37 is the first level of resistance above 56.95, and by rule, any break above resistance is a buy signal. In this case, 57.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short NFTY slightly near 57.37, target 56.55, Stop Loss @ 57.54. Details
  • The technical summary data is suggesting a short of NFTY if it tests 57.37 with a downside target of 56.55. We should have a stop loss in place at 57.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 57.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NFTY
  • Buy NFTY slightly over 57.37, target 57.65, Stop Loss @ 57.24 Details
  • If 57.37 begins to break higher, the technical summary data tells us to buy NFTY just slightly over 57.37, with an upside target of 57.65. The data also tells us to set a stop loss @ 57.24 in case the stock turns against the trade. 57.37 is the first level of resistance above 56.95, and by rule, any break above resistance is a buy signal. In this case, 57.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short NFTY slightly near 57.37, target 56.55, Stop Loss @ 57.5. Details
  • The technical summary data is suggesting a short of NFTY if it tests 57.37 with a downside target of 56.55. We should have a stop loss in place at 57.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 57.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our First Tr Exch Alph (NFTY) Page here: NFTY.

NFTY Ratings for April 03:

Term →Near Mid Long
Rating Strong Neutral Strong
P1 0 0 54.57
P2 57.22 56.55 56.49
P3 57.65 57.37 58.46
Triggers may have already come
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Support and Resistance Plot Chart for NFTY

NFTY Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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Trading or Investing in First Tr Exch Alph (NASDAQ: NFTY) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NFTY change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NFTY is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NFTY too.  All of these are offered below the Summary Table.