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Niftyintradaysetup

Buy around 20040 & 19960 TGT 20220/20800 sl below 19800The Market gave a good rally in past three weeks making 3 white soldiers on the top of the chart indicating a fresh breakout but in upcoming Fed's policy and parliamentary session will be watched closely by the market and it can consolidate to cool of some overheated indicators and then we can see a further breakout. Market structure remains bullish but some consolidation is indicated because of upcoming events and then again may resume the uptrend
NSE:NIFTYLong
by Adi_tech
NIFTY S/R LevelsI am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support.
NSE:NIFTY
by IIT-Trader
14
NIFTY--Sustain or Decline??The price has recently broken its all-time high (ATH) with strong momentum. Following a significant upward surge, it found support at the previous resistance level and continued its upward trajectory. However, today, it failed to break the recent high. The outcome of tomorrow's trading session will be crucial for NIFTY's ability to maintain its position above the ATH. If the price fails to resume its upward movement tomorrow, it could attract selling pressure, potentially leading to a downward trend. Therefore, tomorrow's price action holds significant importance as it will determine whether NIFTY can sustain its position above the all-time high. A failure to move higher could prompt bearish sentiment and open the possibility of a short-term decline. Trade safe...
NSE:NIFTY
by IIT-Trader
3
NIFTY--13-09-23I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support.
NSE:NIFTY
by IIT-Trader
12
NIFTY--Retracement or Reversal ?? The price has exhibited significant bullish momentum starting from the 19,200 levels. However, before attempting to challenge the bearish gap left at the all-time high (ATH), it's likely to experience retracements towards previous resistance levels. Should these resistance levels fail to sustain upward pressure, a notable bearish reversal could become apparent. Following a period of strong bullish movement, the price appears to have entered a ranging phase. During this phase, it may be prudent to consider short positions, anticipating the possibility of price offering discounts before potentially resuming its upward trajectory. If retracement failed, they will take the price entirely to the bottom side...keep safe before long. Reversal may occur.
NSE:NIFTY
by IIT-Trader
3
NIFTY--08/09/23I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. Support levels are price points where an asset tends to find buying interest, preventing it from falling further. Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support.
NSE:NIFTY
by IIT-Trader
9
NIFTY--Consolidation + Bullish ??Nifty index, After breaking a trendline failed to move upside.... Now after 3 successive gap ups price tested the support again and showing us strong bullish in action. multiple times price taken the reversal from 19500 levels... this level is failed to take the price downside... If this strong bullish momentum will clears an obstacle to reach the bearish gap left @19750 levels... then will soon that level be tested. If price opens up and may continue upside... or if price may gives us some retracement to 19380-19360 levels will look for long , gives us discount. Its already giving discount after 3 successful gap ups, saying I am bullish we have resistance @ 19600 may gives us pullback if it is a bullish scenario. this is the only shortcut way to reach the resistances again... If we see at 19300 levels price consolidation + moving upside means a chance of bearish again...keep safe before long after these resistances. will see in the next session what happens...
NSE:NIFTY
by IIT-Trader
2
NIFTY--Drop Base Drop or Bullish ??NIFTY index, 3 continuous bullish gaps indicating bullishness... Gap up opening and filling the gap and again gap up opening ... this happens in the last 3 successive sessions.... In higher time frame price action is still bearish, After a strong break above the 19500 levels... a strong fall is observed up to 19300 levels... the liquidity grab on bottom side is finished... and now price is moving in a bullish channel,with 3 continuous bullish gaps.... if this move continuously happens to top side... tomorrow the liquidity on the topside @19650 levels will be finished soon. Keep safe...
NSE:NIFTY
by IIT-Trader
10
NIFTY--Bullish or Bearish ??After a strong bullish gap...price reversed and entire day is trading in a bullish channel... at the end of the session broken the channel and retested... It has broken the trendline as well... so tomorrow opening is very important for us...to be bullish or bearish... If opens down and continue will enter short side on retracement... or opens down and unable to break high then also be on the short side... If opens up and gives us retracement will be on buy side...up to 19500 levels... After down opening if price consolidates mean...break down happens...we have bullish gap left below... Keep safe
NSE:NIFTY
by IIT-Trader
15
NIFTY--@Trendline Break??The Nifty index is now near its trendline... After taking the support from Right shoulder...it is ready to break the trendline... if price breaks the trendline, we will observe a good upside move... If price breaks the trendline tomorrow might be a trending day for nifty. today price is consolidated in a range... if it breaks upside this time it will finishes bearishgap... If it is unable to break the trendline...will look for short side...until keep on buy side...
NSE:NIFTY
by IIT-Trader
9
NIFTY--Bullish Gap or Bearish Gap ??Bullish gap left @19200-19250 Bearish Gap left @19670-19700 when this gap be finished....?? if price continuously falls tomorrow it finishes the bullish gap. If price showing us bullishness tomorrow,19500 will again acts as resistance.. so in order to go upside, price must be consolidates and has to create a bullish view and retraces back then only, bearish gap be finished. Note :: If we observe a strong bullishness again price will break the bearish gap..
NSE:NIFTY
by IIT-Trader
10
Monday, 7 August Intraday Trade Setup I've used charts to show things clearly. On Monday, there are two critical levels to watch. The first is 19,560 – a critical resistance point because the Index has been stopped by it many times before. If the Index breaks past this point, it might show a new trend (a change in how prices move). The second level is the low point, which might mean the prices will continue decreasing. If prices are between these two levels, it's not a good time to trade. I've also pointed out possible goals if the resistance level is crossed. So, when you trade, remember these things.
NSE:NIFTY
by CodeViser
2