Niftyintradaysetup
Nifty moves for today & in upcoming days .SGX nifty moves again in the upside from the hourly/daily support area, clearing the one thing that 17,250/17,300 is still significant support for the upcoming. The market structure is on the downside, but we need to break this level to see a clear downtrend; otherwise, it will be stuck again in the range.
Critical Resistance:
17,545. This is the previous swing high and can change the hourly structure and make a " W" Pattern which is a sign of retracement from the previous trend. Three Patterns will be activated on the breakout of this level.
Critical support
17,200 to 17,250 the whole is a crucial demand zone, and breaking this level can start a new bloodbath
Keep an eye and Trade Accordingly.
NIfty 50 Moves Identification for the Intraday of 21st February Nifty 50 Moves Identification for the Intraday of 21st February
I have marked two Important levels for today's trade setup.
First: Based on the Pull back, the Key resistance for the Intraday (17,920)
Second: Based on yesterday's swing low. Breaking this level is a sign the trend will continue (17,780)
Both levels are sell levels, either on pullback or continuation. The long can be considered above 17,950
Nifty Intraday and Weekly view for the last week of January We are still trading in an indecision zone, The current market structure is sideways, and we need to wait to shift this range, either upside or downside, to predict the next move of the #nifty50 Index.
Hourly Market structure is showing some strength, but it is unreliable to view the upside; we need more confirmation. Next week will be essential for us to plan the next swing of the Index. I have marked all the Important levels on the chart to prepare for the following week.
Intraday for Monday, 23rd January 2023
The Index closed above 18,000 on the Friday trading session following the trend line support confirmed with the previous swing high, so we are making our intraday on Friday data.
Intraday long above 18,110 for the target of 18,145/18,183
Intraday short Lower than 18,000 for the target of 17,950/17,910
NiftyFutures Key Trading Levels for 12th Jan 2023 ExpiryNifty Futures Key Trading Levels for 12th Jan 2023 Expiry
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
NiftyFutures Key Trading Levels for 29th Dec 2022NiftyFutures Key Trading Levels for 29th Dec 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
NiftyFutures Key Trading Levels for 9th Dec 2022NiftyFutures Key Trading Levels for 9th Dec 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision
Nifty Key Levels and Zones For Intraday [28th Nov 2022]Long opportunity above 18535 or 18450
Shorting opportunity below 18520 for the risky traders as Nifty is extremely for the time being. Keep tight stop loss
Strong buying zone is at around 18400.
Look for price rejection like Hammer or Shooting Star near the support and resistance area and then enter into a trade.
View is for intraday only
NiftyFutures Key Trading Levels for 18th Nov 2022NiftyFutures Key Trading Levels for 18th Nov 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
NIFTY - Intraday SupportNifty opened with a huge gap today @ 18313 vs the previous close @ 18028
( approx 285 points).
Sustained the gap and is staggering sideways since opening.
Since there is a gap opening plus prices are sustaining, the intraday support has been shifted to 18160 - 18199.
Any dip, if seen before 2 p.m can be accumulated near these levels.
Resistance @ 18414- 18450
Nifty Levels & Strategy for 25/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Today global cues were positive on special occasion of Diwali 2022 Muhurat trading. Nifty closed 154 points up. It will be very interesting to see where Nifty will be able to sustain at higher levels amid several global issues. Big players have taken bullish positions. We have also seen decent profit booking at higher levels. We have seen lot of actions in just one hour of Muhurat trading. Nifty is looking positive.
Shall we do profit booking at higher levels? Yes, we should.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts.
NIFTY SCORECARD DATED 24/OCT/2022
NIFTY IS UP BY 154 POINTS
Name Price Previous Day Change % Change
Nifty 17731 17576 154.45 0.88%
India VIX 17.42 17.28 0.14 0.82%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 10286850, CE LTP: 9.3)
Max OI (Puts) 17000 (Open Interest: 7897000, PE LTP: 3.35)
PCR 1.02 (PCR is in sideways zone )
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Stock Market update for 17th October 22Good Morning Friends,
We have seen very volatile days in the last week. We have seen a huge gap up on Friday's session, but the index has failed to positive bias because of the profit booking on the top level. You guys need to understand the market cycle and the market structure and always consider seeing the big picture to understand it. Indian Market is not bearish at all, and Nifty still holds 16,900. During the week, investors have been risk-averse due to rising geopolitical turmoil and worries about the global economic slump. However, compared to global counterparts, domestic sell-off was not as aggressive since DIIs inflows supported FII selling. The domestic market also focused on quarterly earnings as the IT sector got off to a robust start, which improved the sector's spirits. Oil prices also decreased due to weak demand brought on by recessionary worries and tightening Chinese regulations, which marginally helped India. US inflation data came slightly higher than expected, raising fears of an aggressive rate hike. However, the US market rapidly recovered due to the oversold trajectory and limited upside risk to the market & economy. We expect the rally to continue in the short term, led by festival demand, Q2 results, and the positive trend of the global market. Buying at a dip is the best strategy in this scenario, focusing on domestic economy-oriented stocks and sectors. The sectors expected to outperform are IT, pharma, FMCG, durables, green initiatives, speciality chemicals, and mass manufacturers, with value buying as the theme.
Intraday
===========
SGX and India USD closed on a negative note on Friday night, but the Morning session remains, and it can be recovered, so we will see a flat to negative opening. Using 2 hours chart to understand the Intraday
Nifty50 is still in correction mode in the daily time frame, but we have seen a reversal sign in the hourly chart. Confirmation is above 17,500. I have marked some levels on the chart. Please look at the price formation and try to understand it. Lowers low stop, Created a double bottom on 13th October and opened with a massive gap up on the 14th October session. High Problaity trade is on the long side of the correction, not on the breakouts, and This is the best strategy to trade in a declining market.
Key Resistance : 17,350
Key Support: 17,140
Swing Positions for the October and November Month
==========================================
India USD and Nifty have made an Inverse head & shoulder pattern on a daily and 4-hour chart. We just need a confirmation ( 17,500) to build short-term long positions. So wait and watch, and the next couple of week is going so Important for traders. See the below chart to understand the swings.
Good Luck :)
How I Traded the market today 13/10/2022
As I discuss yesterday wide range of markets 16800-17500.
The market opens way beyond our expected range. whenever this happens I wait.
I was tempted to take a trade around 17270 to buy but couldn't execute and missed 50-60 points. however, aftermarket cross 17330,
I start looking for sell.
so I shot around 17325 with Sl 17350.
and exit around 17200.
now why I took the trade ...it was based on two factors, first Rsi was overbought in 15 min chart and Second, there is a double top on 15 min chart.
Generally, I hedge at a lower level but the market is very volatile within the range.
Thanks
Nifty Trade setup Idea - 15 september 2022Nifty looks a little weaker compared to Banknifty, based on the fall in price towards the end of the trading day yesterday.
We will wait for a day to trade Nifty, so that nifty breaks the range of 18060-17020. The market might mostly be trading within this range today.
I would skip Nifty if it is within this range today and just trade banknifty.
Nifty Trade setup Idea - 14 september 2022Similar to Banknifty, Nifty would also have a massive gap down(300 points) today due to global data.
I would wait for the first 15 mins candle to show me the direction on whether to go long or short. I still think 17800 is a good level where Nifty should hold.
Considering that the global markets are in the process of recovering from the massive drop yesterday, we might hold 17800 and move higher eventually.
Nifty Trade setup Idea - 13 september 2022Similar to Banknifty, Nifty was also trading in a range after the initial spike. It was not able to break 17980 in the up side and 17920 in the down side.
My Plan:
- Today it would interesting for option buyers, since we would see either a breakout or breakdown above 18000 or below 17900 levels.
- I would only look to trade if one of these levels are breached.
- If there is a huge gapup, then there would be volatility in the market. Lot of profit booking might take place.
- If there is a huge gap down, then we might see panic in the market causing the market to fall futher.
Nifty Trade Setup idea for 12-September-2022Nifty, similar to Banknifty was volatile on Friday, though there was a gapup, it closed lower.
- Today, if there is a gapup above 17850 or gives a 5 minute candle close above 17850, then I would go long with half quantity. Since there is another resistance around 17900 levels.
- If the price breaks 17800 levels, then I would short with a stop of 50 points and first target around 17700 levels.
NiftyFutures Key Trading Levels for 12th Sept 2022NiftyFutures Key Trading Levels for 12th Sept 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Trade setup Idea 5-9-2022Nifty is a little confusing compared to Banknifty today.
The weekly levels are also not giving any clear picture.
We are looking at the following scenarios for Nifty today:
1. If Nifty crosses 17613 levels, then we can go for long. The is a small resistance at 17660 levels, but the price should be able to penetrate that level.
2. We can go short once we see a 5 minutes candle close below the 17472 levels, with a target of 17360.