Devraj Varshney, CFTe (@DevrajVarshney) header
Devraj Varshney, CFTe (@DevrajVarshney) profile picture

SEBI Registered Research Analyst INH000026105 | Price Action | Follow for market insights

Mumbai
Joined October 2014
Nifty Trade Setup & Key Levels for Tomorrow 📊 • Macro Setup: Neutral-to-choppy bias as a rising Dollar Index (DXY) pressures commodities, though Brent easing toward ~$95 provides a temporary cushion. • Long Trigger: Buy on a sustained move above 25,430, targeting 25,650 – 25,700. • Short Trigger: Short setup activates below 25,040, with a potential slide toward 24,840.
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Market Setup & Key Levels Breakdown 📊 In today’s session, the market is setting up critical inflection points. In this detailed breakdown, I dive into: 🔹 Index Structure: Crucial support/resistance zones & trend direction 🔹 Key Stocks on Radar: Momentum setups & breakout triggers 🔹 Risk-Reward Playbook: Exact invalidation levels before taking the trade 📺 Watch the full analysis here
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US VIX spikes ~50% as Dow cracks 3% overnight. Key takeaways for tomorrow: • Upside capped; fade any opening gap-up • Watch 24,290 (day’s low)—a break below opens a ~300 pt slide toward 200-DMA & gap-fill • Expect opening volatility on India VIX Full breakdown:
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Nifty is looking primed for an upmove as Brent crude cools off towards $100! 📉🛢️ Key takeaways & setups from today's analysis: 🔹 Crude Tailwinds: Brent breaking below $100 (testing key support near $95–$92) gives a major macro boost to Indian equities, balancing out sticky yields and DXY. 🔹 Nifty 50: Broader market breadth remains strong with Nifty holding above its 200 DEMA. A sustain above 24,200 can open upside momentum toward 24,350–24,450. 🔹 Bank Nifty: Forming a solid double-bottom pattern. A breakout above 56,060 opens the path toward 56,700–56,750. 🔹 Nifty IT: Staying patient for a confirmed breakout trigger above 33,150 before taking fresh action. 🔹 Stock on Radar — Kingfa Science 📺 Full breakdown & chart levels:
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Nifty is testing a major resistance band: • 200 DMA at ~23,900 • Crucial hurdle at 24,000 Long trigger: Sustained acceptance above 24,000 targets 24,150–24,200. Short alert: Breakdown below 23,400 opens room for fresh downside. Full analysis covering Nifty, Bank Nifty, Nifty IT, and Global Cues:
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Reliance fuels Nifty to 23,440, but can the momentum sustain against global headwinds? Key technical levels to watch: Nifty: 23500 to act as a major resistance IT Index: Eyes on 33,150 breakout Silver: Critical channel support; breakdown below $48 opens $45/$4 Detailed video -
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🚨 Market Outlook & Key Triggers for the Week • Silver in Danger Zone: Testing crucial channel support at $49–$50. Diminishing rebound strength warns of a potential breakdown toward $45 & $40 as leveraged risk capital unwinds. • Nifty Bullish Gate: Stay cautious on early longs amid weak global cues—fresh upside confirmation only activates on a sustained move above 23,260. • Nifty Downside Risk: A breakdown below Friday’s low near 22,900 opens the door for aggressive follow-up selling pressure. • Nifty IT Breakout Levels: Closed above 32,500 after 5 green days. An aggressive follow-through above 33,150 unlocks gap-fill targets. • Inter-Market Divergence: Tech hardware earnings misses (Intel) & firm DXY keep risk appetite fragile—watch Bank Nifty weakness offsetting IT strength. 📺 Watch Full Breakdown:
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Nifty closes above 22,900, resolving multi-day consolidation with a positive bias. Key trade setups to watch: Intraday Long: Above 23,020 ➔ Targets: 23,150 – 23,180 Major Support: 22,500 Midcap: Strong close at 21,250 (support: 21,000) Commodities: Silver shows clear relative weakness vs Gold Full breakdown of levels & global cues:
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Pre-Fed Market Setup & Key Levels 📊 • Nifty Structure: Sharp intraday reversal from 22,500 after breaching 22,590 has distorted the Inverse H&S pattern into a choppy trading range. • Key Trigger Levels: Aggressive longs only above 22,900 (with 5-min candle confirmation); fresh weakness triggers below 22,480. • Global Cues: Dow holding trendline support near 52,000, while firming US bond yields and Brent crude ($119–$120) remain key headwinds. • Sectors to Track: Midcaps reached near 21,200 bounce; Nifty IT tests its 200 DMA with 30,900 as crucial support.
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Nifty Levels Ahead of the Fed Meet 🎯 Breakout attempts without follow-up volume = chop. The market is waiting for global cues, but price action setups are defined: 📈 Bull trigger: Acceptance above 22,830 → targets 23,000 📉 Bear trigger: Sustained breakdown below 22,590 🛡️ Bank Nifty key pivot: 53,750 🚀 Midcap 150: Bounce target open toward 21,200 Full visual breakdown on 5m/15m charts + Crude & DXY outlook in today’s video 👇
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#Nifty Inverse H&S triggers only above 22,810 toward 23,000, while a breakdown below 22,370 invites aggressive selling. Expect a sharp 200–250-point trending move once either level gives way—detailed setup here:
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Is Midcap heading for more downside, and how should you trade Nifty this week? 🤔📉 Key takeaways: 🛡️ Why sitting on cash and avoiding fresh momentum trades preserves capital 📍 22,370 pivot for Nifty & downside levels to watch ⚡ Bank Nifty breakdown levels below 53,750 🔥 Brent crude surge vs. global market cues Watch the full analysis here 👇
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Broader markets seeing continuous pressure while Nifty holds near major support. 📉 Key setup for next session: 🔻 Break & sustain below 22,620 opens room toward 22,320 🚫 Upside capped unless index crosses 23,200 ⚠️ Midcaps test 21K; Bank Nifty breaks trendline support 🛢️ Brent Crude stuck in an indecisive wedge — key trigger for next big move 📺 Detailed analysis #Nifty50 #BankNifty #TradingView #StockMarketIndia
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📊 Nifty Midcap Divergence & Key Levels for Monday ⚠️ Broader Market Weakness: While Nifty managed a green close on Friday, Midcap Nifty closed in the red for a second straight session, signalling clear underlying divergence. 🛢️ Macro Headwinds: Brent crude pressing towards $112 amid geopolitical tensions, paired with US VIX spiking to ~22, keeps the opening bias tilted toward a gap-down. 🎯 Key Breakdown Triggers: A decisive break below 22,900 on Nifty opens fresh downside. For Bank Nifty, 55,300 is crucial support, with any pullbacks toward 56,200 acting as a sell-on-rise zone. 💻 Sector Watch: Nifty IT rallied ~12% over 4 sessions into the 32,000 resistance band and is ripe for a pause or consolidation. 📺 Full chart breakdown
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Nifty surprised with an upside move today despite sticky inflation & high PPI data, largely pushed by IT and Large-caps. However, broader markets tell a different story—Midcaps closed -0.3% in the red. Key level to track tomorrow: 22,825. A breach below this opens up short opportunities (Aggressive traders keeping SL near 23,000 on closing). Waiting for a clean higher-high/higher-low structure before turning bullish. Full breakdown #Nifty #BankNifty #StockMarketIndia #TradingSetup
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Nifty Looking for a Fall to 22,400 & 22,200! Inflation Keeps Rising ⚠️ Today's bounce in Nifty looks like a classic retest failure near 22,750. With US CPI coming in hot at 3.7%, VIX rising, and Brent holding firm near $109, global cues point to heavy selling pressure. 📉 Nifty Crucial Level: 22,380 (Break below targets 22,295 / 22,200) 📉 Bank Nifty Breakdown: Below 54,700 📉 Silver: Watch for a close below 54.5 for a slide toward 49 Full chart analysis, global macro breakdown & tomorrow's game plan 👇
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Nifty Closing below 22580 on 5 min TF can trigger a fall to 22400! Could this be a retest failure?
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Don't get trapped by index-level green when the broader market tells a different story. Nifty IT surged +5.2% today, but Mid & Smallcaps saw sustained pressure until a late-hour recovery. Choppiness is ruling the tape. 🎯 Key levels to watch: • Nifty Longs only above 22,825 (aggressive, limited upside to 23,000) • Nifty Clean breakdown & short trigger below 22,290 Watch the complete technical analysis here:
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Are we heading toward 22,000 on Nifty? With Brent Crude knocking on breakout levels and global indices under pressure, here are the exact trigger levels: • Nifty breakdown zone: 22,290 • Downside target: 22,000 • Bank Nifty breakdown level: 54,500 Full breakdown of Nifty, Bank Nifty, IT & Crude impact 👇
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Nifty in a Choppy Zone? 📊 Despite the 3% gap-up rally in IT led by TCS, market breadth and global macro triggers (Brent at $107+, geopolitical risk) suggest caution. Key levels: 🔹 Range: 22,180 – 22,750 🔹 Longs only above 22,825 🔹 Watch Friday’s low for fresh weakness Detailed breakdown of Nifty, IT, Global Cues & trading levels for the week ahead 👇
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