NIFTY 50 Levels for 29th Wednesday ❗❗Hii Traders 😊
Welcome to NIFTY 50 levels for intraday trading
🛑 Nifty shown weakness in today's market
🛑 If see day frame chart we can observe one single Red candel which is covered almost last 3 day' trading session
🛑Which means sellers were aggressive in the market but buyers were to try to pull back things
🛑It taken the support at 17600 I'm repeatedly saying that it will be good support zone it taken support and try to pull back the things
🛑If we see the Day volatility it is about 0.94% which higher for index
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17940-17970 where at this point nifty tried to breakout this level
◽ If market breakout resistance zone then we can see Target of 18100
◽ Stop loss for this level is 17870 here the pivot point control region
◽markett will shown some weakness if it traded below 17700
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17600-17560
◽ If breakdown happens we can see the 1a
st Target of 17430
◽2nd target will be 17320
◽ stop loss ie .17660
If market traded below this level I'm sure market will be weak on intraday basis
◽ For nifty their strong support at 17560-17600 if this zone is breakdown then we will enter into range bound market or short term correction ( consolidation) period for some days
🛑Stay light on your quantity
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout the resistance 17920-17950
◽ If nifty traded above 18100
◽If market traded above 18000 then shorter's will run for covering
◽ Don't short the market until below the 17700-17600 levels
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17940-17970
◽ support zone to buy PUT / PE is at 17600-17560
◽ Nifty will be weaker on intraday basis below the 17700
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Niftycall
NIFTY analysis for 27th MondayHii Traders 😊
Welcome to NIFTY 50 and Futures chart analysis for 27th Monday 🔺
🛑 I'm sure that you will make note of these crucial levels
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17930-17960 where at this point nifty tried to breakout level
◽ If market breakout resistance zone then we can see Target of 18060 [/b
◽ Stop loss for this level is 17870 here the pivot point control region
◽markett will shown some weakness if it traded below 17870
◽ if huge gap up (ie. Above 17960)happens the don't take a trade let the market correct because market Dont like gaps whether it may be huge gap up or gap down so let market get correct for some time then take the trade
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17770-17740
◽ Also this level can called as virgin CPR support area means It pivot point region based on yesterday value area where in active trading session market doesn't touch the that level (those levels or pivot control point are called virgin CPR )
◽ If breakdown happens we can see the Target of 17620 🎯
◽ stop loss ie.17830
If market traded below this level I'm sure market will be weak on intraday basis
🛑 levels for Nifty Futures will be remains same as above
◽ Go long on banknifty Futures if it breakout the resistance
◽ If banknifty traded above 18000 I'm sure that more shorts get covered in nifty Futures
◽ Don't short the market until below the 17
🛑 Summary
◽ Resistance level for CE buyers /option buyers is at 17790-17830
◽ support zone to buy PUT / PE is at 17570-17530
◽ Nifty will be weaker on intraday basis below the 17830
Thanks for reading 😊
I hope that it will help a lot and I'm wrong kindly comment mine mistake surely I will correct it
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NIFTY 50 levels for expirey day Hi traders 😊
I have that you doing well
🛑 I was analysed NIFTY 50 levels for intraday trading for 22nd SEP and market stayed in between that range only and it is indecisive region for option buyers and option sellers get benefited from that ( If want to check whether right or wrong go and scroll down mine profile u will get to know I'm right or worng ) okay move on ..
🛑 If We watch market through daily frame it's formed an indecisive candel
🛑 If get into 15 mins time frame chart we can clearly see that it's trying to breakout resistance level of 17600-17650 region (this what I'm told in pre market analysis for 22nd SEP )
🛑 Intraday volatility is very low in nifty ie. About only 0.4% which means it helped lot to option sellers ( if want know in detail about check out mine last post I clearly explained in it )
🎯 Key levels to watch out for 23rd SEP ie. Weekly expirey
🛑 Crucial resistance zone for nifty is 17610-17630 zone
◽If it is breakout successfully then initiate trade (BUY CE) with stoploss of 17530
◽ Target 1 ie. 17730
🛑 crucial support zone for Nifty is at 17470-17450
◽If it it breakdown successfully then initiate trade (BUY PE) with stoploss 17530
◽Target 1 ie. 17300
Summary
➡️ Resistance zone BUY CE Only above 17610-17640
➡️ Support zone BUY PE only below 17470-17450
➡️Nifty Will be weaker in between 17530-17470 levels
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Thanks for reading I hope that it will help a lot
If there is any mistake please let me know I will correct it
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Nift Chart analysisCan you guys see which patter Nifty is formed now .... If you see in 5 mins chart you can see clear picture of it .
Nifty as bounce back from support level of 17330-17300 it's support level of past 5th pivot point region which is imp support level and formed inverse head and shoulders with taking resistance of level 17430 lower end of today pivot point which acting as an strong resistance now and Take an trade BUY CALL Nifty when it breakout of resistance 17500-17510 with low quantity because there's more volatility in market ...