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
Niftyoutlook
Nifty Kel Levels and Zones For Intraday [15 Nov 21]Nifty at resistance levels. So, if it shows some kind rejection near previous day High then downside is possible. However, better wait for break of trendline that may drag Nifty near 18000 levels.
In case, Nifty breaks above Previous day High and sustains above that key level, then you might see strong momentum.
Watch the key levels
Nifty - More Consolidation Hi
Nifty still in consolidation, we may see the level of 17900 - 17830 after that we may start upward journey that journey will looks impulsive but in that also caution is required.
Or
Nifty can form a Triangle in current position.
Caution required in all trades.
Best of Luck....!!!
Nifty Still in CorrectionHi
As looks like we are still in correction in Nifty.
First possibility: - Bounce from 17613 to 18013 is a corrective bounce of A & now we are in B. B wave will end @ 17807 to 17720 then will see a C wave Bounce.
Second possibility: - We have completed A & B corrective waves & now we are in C then will be moving towards 18150 by today only.
Best of Luck
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
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)
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!
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!
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
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
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!
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!
Nifty Update for 07th October 2021
Nifty Update for 07th October 2021
==============================
IN50USD has given a short-covering move after yesterday's trading session.
Here’s the Trade Setup for today:
According to IND50 data, we are likely to see a gap opening in the Indian Indices.
As we know every Impulse has a correction, Index has formed a “HARMONIC HALF BAT” pattern.
17,770-17,800 will act as resistance because of the “HARMONIC HALF BAT” pattern and higher chances of a range-bound market today as the Index has given moves on both sides this week.
First, we’ll sell the range as today is Expiry and Index may get stuck in a range today:
Range high: 17,800
Range low: 17,600
The total Range is of 200 points which is a quite wider range for the NIFTY 50 Index.
The second Trade opportunity is we sell when the Index comes near 17,800 level with a small stop loss of 25 points for the target of range low i.e., 17,600
Quick Profit booking is requested and we may see decay in the Options premium as today is Expiry!
Trade Accordingly!
Nifty50 Key Support & Resistance for 5th Oct 2021Nifty50 Spot Key Support & Resistance for 5th Oct 2021
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 Futures Key Trading levels for 5th Oct 2021Nifty Futures Key Trading levels for 5th Oct 2021
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 Futures key Trading levels for Oct 2021
Nifty Futures key Trading levels for Oct 2021
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 for before making trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Nifty Futures Key Trading Levels for 30th Sept 2021
Nifty futures Key Trading Levels for 30th Sept 2021
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 for before making trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together