Nifty intraday trade set-up 4 May 2023NSE:NIFTY
Strategy: Short
Risk to Reward Ratio: 4.9
Never trade a short without a stoploss.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
Niftylevels
NIFTY--Drop-Base-Drop Form??Nifty Observations:
-------->> After opening gap down ,showing bullish pressure but not able to fill the gap on upside.
-------->> Consolidation is observed .
-------->> Go short if price breaks 18070 level, for targets of 18020,17980,17960.
-------->> Expiry may limit the price movement in the range 18100-17960 levels.
#Nifty50 trading levels for may 2nd#Nifty50 trading levels for may 2nd. Develop your intraday trading skills with these levels.
#nifty50 Friday trading setup #Nifty50 Friday trading setup. Trade only after the 15 minute candle closes the levels shown. Bearish below 17800 – Bullish above 18000
NIFTY --Strong Support @17840 -17800 ?? or Reversal @17500Note:
Strong Support @17840 -17800 will acts as support go long again from this levels to reach 18100,18200 levels.
It is recommended to remain on the buy side within the range of 17800-17840, as no significant retracement has been observed after breaking the supply zone at 17840 level.
If this level acts as support, weekly expiry is expected to be bullish to consolidation at (18100-18200).
Observations:
After trending upwards in NIFTY yesterday, today the price continuously moving upwards,
They are now poised to reach untested supply zones at 17920-18100 levels.
However,, and if any of the previous supply zones act as support, the price could move back upwards.
#Nifty50 expiry day trade levels #Nifty50 expiry day trade levels. Check key scalping levels at 15 minutes and 5 minutes.
NIFTY- Will reach 18000 by monthly expiry???Observations:
After trending upwards in NIFTY yesterday, today witnessed sellers opposes the price moving upwards,
They are now poised to reach untested supply zones at 17700-17680 levels.
However, buyers may lack the necessary power to push the price higher, and if any of the previous supply zones act as support, the price could move back upwards.
It is recommended to remain on the buy side within the range of 17700-17680, as no significant retracement has been observed after breaking the supply zone at 17680 level.
If this level acts as support, monthly expiry is expected to be bullish.
NIFTY-Fall again from LH @17760 (Demand acts as Supply) ???The NIFTY index has once again risen, but it has formed a lower high at 17760,
which is the same level as a previous demand zone. Interestingly, this same demand zone now appears to be acting as a supply zone,
as evidenced by the fact that prices have fallen back to the 17560.
If the price manages to break below the 17700 level, which is an internal supply zone,
it is likely that this level will once again act as a supply zone, causing prices to fall further below the support levels at 17560-17520.
Nifty50 Tuesday trading levels .Nifty50 Tuesday 25/04/2023 trading levels .
This breakout strength will only be confirmed by the end of this week. So it is still good to trade in small quantity.
Morning Mantra - 25th April 2023Dear All,
It was an amazing day yesterday . Wherein, we had observed that after a gap up opening of 17707, Nifty had made a day’s low of 17612 and had thereafter made a sharp recovery from that level.
Overall on the hourly chart of Nifty, we can now observe a head & shoulder formation . Wherein, the level of 17800 can be considered as its neckline . Above this level of 17800, we can see Nifty for the level 18134 approx in the near term.
Until the time we witness a closing of above 17800, we are still with our words to keep following the Cherry-picking strategy with the stop loss of 17300 , as of now.
Besides, the conservative players can go for fresh accumulation only after witnessing a beautiful and a strong closing of above 17800 .
Regards,
Alok Daiya
SEBI Registered Research Analyst
NIFTY-Will 17680-17660 Zone Resist again??
The NIFTY is failed to break the strong resistance level 17700, which are considered strong levels of supply zone..
However, the presence of a supply zone(17680-17660) and the upcoming expiry may limit the price movement,
and we can expect the price to remain within the range of 17700-17500.
if the same range again act as resistance go short for downside targets of 17580-17520 level.
NIfty 24th April 2023 Monday opening setupNifty will open gap up and will take resistance at 17700 or 17712 and will start fall slowly. until 17588.
BUY Above 17644 (NIFTY 17600 CE) Target 17663, 17677,17700,17735, 17777,17826
Sell Below 17636 (17650 PE) Target 17612,17588,17557,17514, 17483.
NIFTY 21st April 2023 SetupBUY Above 17633 (NIFTY 17550 CE) Target 17666, 17700, 17777,17826
Sell Below 17575 (17600 PE) Target 17514, 17483
RISK Traders can start selling at 17615 ( 17650 PE) Target 17575, 17514, 17483
Nifty 19th April 2023 BUY Above 17666 (NIFTY 17600 CE) Target 17700, 17777,17826
Sell Below 17618 (17650 PE) Target 17564, 17514, 17483
Pin Point Predictions Of Nifty For 6-4-23Hello Traders,
My bit is to make your trading stress free with right prediction these marking shows all . If you want complete details for next day trading then check below.
Nifty just 17370 below iam buying plan Nifty just 17370 below iam buying plan................................
IF PRICE ACTION IS WRONG THEN I AM HAPPY TO LOOSE MONEY.Go short, I cannot shout more. A little change of direction does not hurt a trend, a trend takes huge momentum which is missing till now, DJI for instance has just retraced back from risk aversion levels of crisis haphazard, nonetheless they have shifted to uptrend no doubt but India lacks that fundamental support from Foreign Investments and also our Domestic Institutions have filled their belly of buying equities as much as possible. The index has a bit more room in downtrend, smaller up ticks would occur for sure but at the end April is going to be a BEARISH month.
Sandwiched between Support and Resistance with positive biasNifty is perfectly sandwiched between strong support and strong resistance but the bias which was negative for most of March is fading. It is a very very critical day tomorrow. Nifty has already closed on Wednesday above a critical resistance of 17060 giving it a positive bias. Now the most critical resistances that remain to be conquered are 17137 and 17261. Above 17261 Nifty can race to 17408 levels where there is another critical resistance and that a big one of 200 Weeks EMA. Nifty closing the month above 17137 will be great for momentum to be carried forward to April 2023. If Nifty can close above 17261 it can be a momentum shift and Bulls can think of making a come back in April in that case. Strong Support on the lower side remain at 16825 levels.
Trade available with good RR, PositionalHi guys, over all pattern of nifty is looking is positive and we are ready for 17400. moreover the setup is available with a good RR.
Tomorrow might be a dropping expiry.Fibonacci Retrace tool is like a wonder in Century, I began to notice nowadays. So the Quadrants explained in the picture tells that the little but some bullish energies that have been lying near nifty option chain and FUTs, its because FIIs have lost most of their holdings in their sell outs and DIIs have to balance of their Balance Sheet before THE REAL EXPIRY OF FINANCIAL ACCOUNTS. But none the less GLOBAL powers are going in a SEESAW, Indices open higher due each other's end resulting cycle chain and mostly due to Dow Futures, then the Indices are hedged in shorting them because a lot of volume can be seen in Equity Shares. The weightage stocks take the Index Higher at that moment Hedge Funds short it and thats whats happening. So 31st March will be the day when this volume in equity will ran off and Indexes wouldn't fluctuate momentum like they have been. Lets hope today Dow returns negative because I have 10 lots of 17000 PE 6 April Expiry. :0
Pin Point Prediction Of Nifty For 27-3-23Hello Traders,
To make your trading easy , I marked perfect intraday levels so that your trading could be meaningful & profitable. For complete details check below.
Until there is clarity there is chance of trend reversals.U.S. markets had started to recapitalise with strong volumes and Federal Reserve had yet again thrown the markets into dungeons, sentiments for far ended future is dark but calmness in Traders mind is soothing who do not indulge into straightforward long calls, and have fun with PUTS. Theme of Global Securities and ETFs is increasing at higher ends but Equities have shown bad faith to the Investors at large. Soon there will come another retracing peak and everybody will start to think the Downtrend ends here and Uptrend begins, it could be because it is much required and estimated now, not even now then when? But technical analysis is giving vibes of Shorting the NSE indices each and everyday, but fundamentally speaking going long is always the choice we all like and end up thinking more about it and then ultimately doing the human error. Bots are vitalised well enough to trade in any environment but are they configured to see an end of a trend and signal it to us? No only TA can do that.
