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Nifty Trade setup for 25th Nov. 2021First of all, I want to apologize for not sharing any morning analysis from a couple of days. I have taken a small break from my morning activities because of some health issues. Let's talk about the market sentiment first. Today, I have shared two charts in the daily time frame and the second in the hourly time frame. Both show negative sentiment. I shared my long-term view on Twitter a week ago when the price was trading on 17,900, and given the first target is 17,300, and it's hit in a week now, we are heading at 16,650, but We need to wait for 17,000 to break. Intraday for 25th Nov. Monthly Expiry ================================= India USD and SGX both are trading on a negative note; the Current CMP is 17,369, 40-45 points below our market. A Flat or a small gap down is accepted. Key Resistance is 17,600 Intraday Resistance is 17,500 Key support is 17,260 Intraday support is 17,370
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by CodeViser
Nifty Update on 17th November 2021Nifty Update for 17th Nov 2021 ================================= Good Morning Everyone, Index behavior is falling from every rise, which is a clear sign of a downtrend market, but We still need confirmation and a clear structure. India USD and SGX both are trading on a negative note, a small Gap down accepted. I have posted 2 Images, One is in the daily time frame, and the second is in the hourly time frame. Daily time Frame ================== The Index has never broken its swing low since April 2020, which is a sign of a very bullish market; 17,600 is the previous swing low, so this level is Important support. We can see a good correction if it's Broken. The Index can change its current structure if broken and sustained above 18,220. In short, the Market cycle and structure both are missing here, and we are Trading in Indeciosn Market. Intraday Setup for 17TH Nov ( Hourly time Frame) ======================================== 18,030 is an Important level and can act as resistance in today's Intraday, Build a long Position if the Index breaks and sustain above in the first hour. For short, you guys need to wait for 17,900
NSE:NIFTY
by CodeViser
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Nifty Trade Setup for 15th Nov. 2021Good Morning Everyone, The Market mood and sentiment confusing in the last week, and we have seen a consolidation phase without a clear direction, but in the Friday trading session, Index has given an excellent up move and managed to close above 18,102, which is a good sign for the bulls. 18,150 is a critical level in this week and in today's Intraday as well. Closing above 18,150 will give a new direction, and Index can test 18,430 again, but if Index fails to sustain above 18,000 then we will see more pain this week. The range is very tight at this point, so Be careful. India USD and SGX Nifty both were trading on a positive note, and the Previous closing was 18,180, which is a sign of a flat or 30-40 point gap up opening Intraday & Key Resistance is: 18,150 to 18,200 ( Build along on a breakout) Intraday & key support is 18,000 ( Build a short Position in Intraday) Trade Accordingly
NSE:NIFTY
by CodeViser
1
Nifty Trade Setup for 08th Nov. 2021s3.tradingview.com Good Morning, Everyone. I hope you guys have enjoyed this long weekend. Now time to go back to work. First, Our Market has been closed Thursday and Friday sessions, but India USD and Sgx are both open. India USD is trading on 17,987, which is a clear sign for a gap-up opening. I did some analysis yesterday and found that the IT and Auto sector can lead nifty in this week. I Have posted two charts and tried to explain the current market scenario. We can see a short-term uptrend in the 15-minute time frame. 18,035 is the Harmonic PRZ area, which is confirmed as resistance in a 2-hour time frame as well.18,035 is a critical level in the Intraday can accept a short-covering move on breakout Key & Intraday Resistance : 18,035-18,050 Intraday Support : 17,900 Key Support : 17,750 Trade accordingly
NSE:NIFTY
by CodeViser
Nifty 50 Intraday Trade Setup for 01st November 2021 Good Morning I hope you guys had a great weekend We were closed on Friday at 17,671, which was almost 1.04% negative from the previous trading session. The index looks weak here and can correct more in the upcoming days. FIIS profit booking is continuing, and this is the main reason for a current downfall. Over than 63,000 crores Cash out from the market, which is a considerable amount. The main question is, what is our trade setup for today and in the upcoming days. Let's talk about the Important Levels. Resistance 1 : 17,950 Key Resistance : 18,050 to 18,100 Key support : 17,650 Today Trade setup =================== India usd and sgx nifty has recovered in the Friday trading session after our market and managed to close at 17,796, almost 100-120 points up from our market closing. A sign for an 80-100 points gaps up the opening. Market sentiment is negative,so you must be careful and prefer the range shift strategy (wait to break out for the first 30-45 Minutes range)
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by CodeViser
Nifty Update for 20th October 2021 NIFTY50 INDEX has given a non-stop rally from 8th October and made an All-Time High of 18,600, from where we have seen a selloff. Bear Sentiment is on and it will continue if the low of 18,380 is broken. High probability trade is on the short side as Index has formed a Harmonic Half Bat pattern and its neckline is placed at 18,380 Consider a short position below 18,380 Or short from 18,500 levels if we see a gap up opening in the Indian Indices. 18,480-18,520 is resistance and will act as a supply zone. Trade setup ============== Key RESISTANCE is: 18,500 Key SUPPORT is: 18,200 Trade Accordingly!
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by CodeViser
Nifty Update for 18th October 2021 We will see a flat to a positive opening in Indian Indices today as per IN50USD data. NIFTY50 Index is trading at a supply zone/PRZ zone which we have calculated using our HARMONIC XABCD Pattern. Today Index has a narrow trading range, and we may see the Index trading on both sides today. Nifty Major resistance 18,400 levels. 18,240 will act as a support. For Buying (long) Consider a buying position above 18,360 for the targets of 18,400/18,420/18,450 For Selling (short) Consider a short position only below 18,305 for the targets of 18,290 to 18,260 Be careful the range is small, and we'll see the movement on both the sides, Quick profit booking suggested. Trade setup ============== Key RESISTANCE is: 18,400 Key SUPPORT is: 18,240 Trade Accordingly!
NSE:NIFTY
by CodeViser
Nifty 50 Trade setup for 13th October 2021Good Morning Everyone, In yesterday's trading session, The Index has managed to close above 18,000, a sign of strength. We know the trend is still bullish, and the index has broken an Important level, but the main question is intraday because of both sides' moves. Intraday is very tricky in today's trading session because only 24 hours left in the expiry. The market structure is bullish in the hourly time frame and making higher highs. Harmonic ABCD pattern has given a dot reversal in Monday trading session and create a range that is valid for today's trading session. We will see a direction on a breakout; otherwise higher chances to see the range again. Trade Setup ================== Build long Position if the Monday high of 18,050 broken for the target of 18,150 and 18,200. Short Position can build lower than 17,940 for the targets of 17,900 and 17,850 Trade setup ============== RANGE HIGH: 18,050 RANGE LOW: 17,940 Essential support is: 17,800 Key Resistance is: 18,200 Trade Accordingly
NSE:NIFTY
by CodeViser
Nifty 50 Trade setup for 12th October 202Hope you guys have done well in yesterday's trading session. The index has breached their psychological resistance by 18,000 but failed to close above then it. The market structure is bullish in the hourly time frame and making higher highs. Harmonic ABCD pattern has given a dot reversal in yesterday's trading session and this level is valid for today's trading session as well. Build long position if the yesterday high of 18,050 broken for the target of 18,150 and 18,200. Short Position can build lower than 17,900 for the targets of 17,850 and 17,800 Trade setup ============== RANGE HIGH: 18,050 RANGE LOW: 17,900 Key support is: 17,800 Key Resistance is: 18,200 Trade Accordingly
NSE:NIFTY
by CodeViser
Nifty Update for 11th October 2021 We are going to see a flat to positive opening in Indian Indices today. NIFTY50 Index is trading at no trading range of 150 points. 17,800-17,950 is a no trading zone as Index will stay rangebound and will give indecisive moves when it is in the range. Buy if the range high of 17,950 is broken but also keep in mind 18,000 is psychological level above it 18,050 and 18,100 is also possible. For short, Consider it only below: 17,800 levels for the targets of 17,750 to 17,700 Trade setup ============== RANGE HIGH: 17,950 RANGE LOW: 17,800 Key support is: 17,700 Key Resistance is: 18,000 Trade Accordingly!
NSE:NIFTY
by CodeViser
Nifty Update for 08th October 2021 index has been seen trading in a narrow range with volatility. 17,800 to 17,900 is a 100 point no trading zone and also an indecision point. Consider a buying position above 17,900 for the upside targets of 17,950 and 18,000. 18,000 will act as a resistance as it is a psychological level. Below 17,800 Index can fall till 17,700 as it is a dynamic support. We may see a range bound session as there is not much room on either side for Intraday. Trade setup ============== Key support is: 17,700 Key Resistance is: 18,000 High probability of a sideways market today. Use your trading sense to trade. Trade Accordingly!
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by CodeViser