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Nifty 50 Intraday Trade Setup for 11th May 2021Good Morning everyone, Hope you all are doing great and did good in the last week, Index short term trend is bullish and we have seen 500 points up move in the last week but the main problem is Index momentum in intraday is so choppy & messy and most of the movement comes with a gap up then the market turns sideways all over the day which is not tradable in the Intraday. Let's talk about our trade setup for 05th May 2021? Key Factors =================== 1-The index is trading on their Harmonic PRZ. The level is 14,972. which can act as resistance. 2-India USD and SGX Nifty both are trading on a Negative Note. Almost 114 Points down from the previous day closing. 3-Index Intraday Support is at 14,700. 4- Higher Trend is still missing and the wider range is still valid from 14,000 to 15,000. 5- 15,000 is the Phycological resistance confirmed with the Harmonic PRZ. Intraday on 05th May 2021. ================================ Intraday Range is 15,000 to 14,700 which is very big and can create a problem is the Intraday. The index is about to Open around 100+ Point gaps down so you must know the support area which is 14,700-14,730. Risky and Aggressive Traders can create a long position from the support zone with minimum sl and can hold the Position if 30-minute range breaks on the upper side, Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
11
Nifty 50 Range for Today and for Next week Good Morning everyone, We Have seen around 1000 Point corrections in the last couple of months in the Index. the Index is trading on its daily and weekly support. Confirmation Required at this Point. marked the Intraday Range on the chart but the problem is Ranges are big at this point. 250 Point range is quite big for Intraday but we can't do anything about it because the volatility of the Index is too high. Wait for the direction and it comes on breakout or breakdown. High probality Trade is the downside. At this point, we are getting 2 harmonic patterns in the nifty Index A: XABCD pattern which will be activated above 14500 and target will be 14593 B: ABCD pattern which comes with the current downtrend will be activated Lower than 14250 and the target will be 14035 Note: These levels are valid for today and as well as for next week. Trade only when you will get a direction which is come either on breakout or breakdown
NSE:NIFTY
by CodeViser
1
Nifty 50 Intraday & Expiry Day Trade Setup for 10th March 2021Good Morning everyone Important resistance for today's Intraday is 15270-15300. India 50 has given a good rally in upside after our trading session and closed on 15261. This means we are going to see a huge gap up again. Around 100-120 points. The index is too much volatile these days. So what is the Trade setup for today? Intraday resistance is on 15270. the direction in Intraday comes only on breakout of 15270-15300. Today Intraday strategy is based on a 45-minute range. Use a 5-minute time frame to build your trade setup and wait for the first 45 minutes. Setup your trade on Breakout or breakdown of 45-minute range.
NSE:NIFTY
by CodeViser
7
Nifty 50 Weekly View & Intraday Trade setup for 19th Feb 2021Good Morning everyone, Hope you guys are doing great in the stock market and making some good money from our trading ideas. yesterday we have seen a clear downside move and our all targets hit. Let's talk about the higher time frame. ============================================= The main question is does 15,000 will hold the price or not? if Index failed to hold 15,000 then it will be tested first 14,750 then 14,250. Intraday Trade setup ====================== This Index is Trading on Crucial point and trading on the harmonic PRZ, Do not relate Intraday idea with daily frame. The index is in correction mode but a bounce can be accepted from here and today's idea is based on it. The Important level is 15,160 and 15,060. Open Long above 15,160 and short lower than 15,060
NSE:NIFTY
by CodeViser
5
Nifty 50 Intraday Trade Setup for 17th February 2021Good morning everyone, Hope you guys are doing great in the stock market. Let's talk about our last idea based on harmonic. All targets achieved and we had seen a dot reversal from our harmonic PRZ in yesterday's trading session. Now the main question is the yesterday's negative sentiment will continue in today's trading session. As per technical, There is 2 majors level to watch in Intraday. 15,200 is Important support and 15,350 is an important resistance. You know the levels now but it will not help until you have not proper mind setup and trading sense. What do I mean by trading sense. Let me explain 1- 24 hours left in the expiry 2- The index is still in the uptrend. 3-Yesterday sentiment is negative and it manages the call and put price 4-We are getting 150 point range which is big as per Intraday view. Conclusion: A clear sign for a sideways market in today's trading session. The index will be trending only if these levels break in the first hour and sustained. so follow the levels strictly.
NSE:NIFTY
by CodeViser
3
Nifty 50 Intraday view and trade idea for 15th February 2021Good Morning everyone, Hope you guys have enjoyed your weekend and ready to start a new week. Last week we had seen a sideways market, The index has traded in the range. the range is high 15,250 and low is 15,000. There is very little room in upside because of harmonic PRZ. 15,400 to 15,500 the whole area is a supply zone and Index still has 200-300 points. Swing traders must be careful at this point for their position sizing. Trade Setup ============== Long ======= India 50 is trading on a positive note around 60 Points up from the previous closing .so we can see a gap up opening today but you guys need to consider buying only above 15,260. Very little room on the upside as 13,400 to 13,500 is the resistance area followed up with Harmonic PRZ so be alert on Buy-side and buy only above 13,260. Above 13,2600 will give a confirmation to the breakout for the last week range and the index can test their resistance 13,400 to 13,500 in this week Short ========== Short only if Previous low break in the hourly time frame which is 15,080. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
5
Nifty 50 Intraday Trade Setup for 28th January 2021Good Morning everyone, Today's analysis is on India 50 because our Nifty has not enough data to show and I have interested more to knows the FIIS positions. India 50 is listed in Oanda and mostly FIIS positions are there. A clear sign that FIIS are started to book their profit. You guys need to understand the differences btw Profit booking and in Sell off. The current downfall is the correction for the previous bull run. According to India 50 13,700 to 13,800 is the first stop the current fall. Remember this is Important support for Nifty 50 as well. Harmonic ABCD pattern is sitting on 13.716 so book your swing position before this level. If Index failed to hold this level then we will see more pain and Index can go to their next support but I strongly believe that Index will respect harmonic prz . A small bounce can be expected. Trade setup =============== FIIS in profit booking mode and the Index is going to open with a gap down might be 100-150 points. Due to expiry, there are higher chances to see a recovery from the support. so wait for the first 15 minutes to see the Index direction and take to decide according to it, Go in long position if Index breaks 15-minute candle high and sell if 15-minute candles low break. Stop loss is vice versa and the target is open. Good luck and have a profitable day ahead Virendra Pandey
I
by CodeViser
2
Nifty 50 Intraday View & Trade Setup for 22 JanuaryNifty Update ================== We have seen a dot reversal and huge correction in yesterday's trading session from the hourly harmonic PRZ. The main question is does the negative sentiment will continue or we will see a short-covering today? In the chart you can see 3 patterns . 2 Were already completed and did their job now third is active and the target of the third pattern (Half Bat) is 14,450 to 14,426. which is still far away from the current level but still need confirmation. Short ========= 14560 is the key support for today Intraday short if Index break this level and sustain lower sl is 14600 and Target is : 14,500/14,450/14,430 Long ======== Long position can consider only when the pattern failed Level is 14,650 Stop loss : 14,590 Target : 14,700/14,750/14,780
NSE:NIFTY
by CodeViser
9
Nifty 50 weekly view Intraday Trade Setup for 21st DecemberGood Morning friends, Hope you guys doing good and learned something from our chart analysis. Let's talk about the Friday trading session. We have seen a sharp move in downside at the first trading session and the whole move recovers in the second trading session. which is a clear sign that the Index is not going to correct. We all know that the Index is overbought but the problem is there is not any major correction we have seen from the last 2 monht. Today's analysis is based on India USD because we all know the FIIS interest. FIIS has Invested more than 90,000 crores in the last 2 months and they are the major reason for the current run from 11,000 to 13,800. Tech View ============= India USD is trading on the harmonic prz and we have seen a downside move in the Friday trading session but it was also recovered so fast. Today Important level is 13,700 to 13,810. Index momentum will decide on these 2 levels. Long will be considered only if Index cross 13,810 and short opportunity comes if Index breakdown 13,700 levels, so please keep an eye on these 2 levels and setup your Intraday trade on it. Stocks in News ===================== 📌Lupin: The company has received approval from USFDA for Colesevelam hydrochloride tablets which are used to reduce cholesterol. 📌PVR: The company will raise up to Rs 800 crore via equity. 📌KPR Mill: The company will invest Rs 500 crore for the expansion of sugar mill operations. 📌Reliance Industries: Company and BP announced the first gas from Asia's deepest project. The project is expected to meet 15% of India's gas demand by 2023. 📌Oberoi Realty: Subsidiary Evenstar Hotels purchased a hotel property in Worli, Mumbai, for Rs 1,040 crore. 📌Exide Industries: Life Insurance Corporation Of India increased its stake in the company to 5.5% from 3.48% earlier. Important facts ========================= PM indicated that the controversial farm laws would not be repealed, saying farmers have started getting benefits of agricultural reforms. PM said the country has made up its mind to embrace the changes in various rules and regulations being made by his Govt to meet the goal of Atmanirbhar Bharat. PM said his Govt has repealed more than 1500 archaic laws and is continuously making efforts to frame new legislation. Union Minister of Highways and Road Transports & MSME said that the Govt will soon come out with a new ethanol policy aimed at protecting the interests of sugarcane and paddy growers. *Finance* PSBs may find it hard to raise money on asset quality, governance concerns. While the banks have cleaned up books and space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue. *Current Affairs* Defence Minister inaugurated the advanced Hypersonic Wind Tunnel test facility here, making India the third country after the US and Russia to have such a facility. President Trump on Friday signed legislation that could kick Chinese companies off of US exchanges unless American regulators can review their financial audits, a move likely to further escalate tensions between the two countries. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
I
by CodeViser
3