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Nifty 50 Intraday & Expiry Day Trade Setup for 07th may 2020Good Morning everyone, Hope you all are doing good and making money from my ideas, Yesterday we had seen short covering , Index is still weak and trading on an edge. Buying side is still risky and Index has taken support from 9100 area and made high 9346.50 but failed to sustain and close on 9270.90.Bear is still strong . India’s Chief Economic Adviser KV Subramanian said stimulus was expected ‘soon’ but it would not as big as demanded by industry, ‘as there is nothing called free lunch in economics Key Factors =================== 1- SGX Nifty is trading on a negative note. Currently trading on 9149.5 which is 105.5 down from Previous day. 2-the Dow Jones Industrial Average was up 60.78 points, or 0.25 per cent, at 23,943.87, the S&P 500 was up 10.94 points, or 0.38 per cent, at 2,879.38 and the Nasdaq Composite was up 97.84 points, or 1.11 per cent, at 8,906.96. 3- Crude Oil is still steady and showing strength in mid time frame. 4--European STOXX 600 index rose 0.1 per cent as healthcare stocks gained on the back of better-than-expected quarterly results from Denmark's Novo Nordisk and German dialysis specialist Fresenius Medical Care. 5- FII sold -493.6 crore and DII buy 322.47 Crore Technical View ==================== Lets talk for SGX nifty first. Nifty is almost on neck line on a H&S pattern. This is a major support and can be see a free fall dump if neck line broken. Nifty Intraday Resistance 9450 and support is on 9100 also Nifty key Resistance is on 9850 and support on 8900. Nifty50 also Trading near on H&S Neck line (9130) Trade Setup ================ A : Long Position can build only and only if Index sustain 9350. B: Short position can build lower then 9100 Level Note : Due to expiry we will follow today intraday ranges which is 9450 to 9100. Idea trade is option writing and you guys need be watch 9300 CE and 9000 PE for 7 may expiry .. Both will be zero at the end of the day. 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 the different view and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
2
Nifty Intraday Trade Setup for 05th May 2020Good Morning everyone, Yesterday was an awesome day ,we did good in Intraday and made a handsome profit in the bear Market but Question is it going to fall again, and what will our setup for today? Key factors ============ 1- Nifty future is showing strength in SGX and on Oanda Exchange. Almost 1.65% ( 153.50) Up 2- US30(DOW) is still looking good in this Morning and trading on 23990 which is almost 0.90% up from the Previous day.. 3- NEW DELHI: Panicked by rising tensions between the US and China, even as world economies struggle to come back to normalcy, domestic indices joined global peers and tanked in the opening trade on Monday. US and China, which barely reached a deal last year to end the 18-month old trade war, are now engaged in another tussle threatening more pressure on world economies and hurting the market sentiments back home. The spat over the origin of the coronavirus put the brakes on optimism about an economic re-start even as cou .. 4- March quarter earnings so far have disappointed investors on Dalal Street. On Thursday, Reliance IndustriesNSE -2.10 %, Hindustan UnileverNSE -5.12 % and Tech Mahindra joined peers who missed Street estimates, acting as a dampener when markets reopened after an extended weekend. 5-The second extension of the lockdown, which will be into force till May 17, eased restriction into certain areas but analysts feared supply side disruptions. 6-Globally, the dollar inched higher, stock markets struggled for traction and oil fell. In reduced trade, with China and Japan on holiday, US stock futures fell 1.7 per cent and U.S. crude tumbled 7 per cent. The safe-haven U.S. dollar rallied to one-week highs against the risk sensitive Australian and New Zealand dollars. 7-Foreign (FIIs) and domestic institutional investors (DIIs) sold shares worth Rs 1,373.98 crore and Rs 1,661.61 crore, respectively, in the Indian equity market on May 4, provisional data available on the NSE showed. Technical View --------------------------- Nifty Major Resistance Area is on 9600 then 9857 and support is on 8900. Nifty already has break the previous support is on 9330 and manage to close lower then it which is a clear sign for bear for this week. Keep an eye on 8900 if Nifty not sustain on this level then we can see 7400 again. Trade Setup ------------------ A: Long Position is still risky and consider 9450 only so wait for this level to come. B : Short is bit tricky and I am getting 2 short levels. 1- If you see any gap up opening and index test 9350-9400 then open a short with 9450 sl . Try to sell from top . 2- Second sell level come bellow then yesterday low which is 9264. 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 the different view and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
3
Nifty Intraday Trade Setyp for Wednesday 29th April 2020Good Morning sir's, Hope you all are doing good. Yesterday was an awesome day and we have made good profit in Nifty.. In today Morning SGX and Onanada both are trading on a flat note in Nifty future so there is chances our nifty will also open a small gap up or Gapdown. yesterday Nifty has closed almost on their resistance. Yesterday move has made Bearish Gartley Pattern Harmonic pattern in 15 minute time frame. I know small time is risky when draw the harmonic but you also need to remember these are fib levels and always be respect... Key Factors ============== 1- Dow Jones files rose on Tuesday after a string of energetic quarterly reports ..the Dow Jones Industrial Average was up 188.54 focuses 2- Crude oil is still weak 3- Indian rupees stable 4- According to option chain data Nifty range will be 9500 to 9300 for Intraday Resistance and support and technical view ======================================== Nifty is making a rising wedge in daily time frame which is a bearish breakdown pattern and range is getting smaller and smaller in upside. Nifty major resistance area is 9656-9878 as per my calculation. Intraday Trade Setup ========================== Buy : Well buying in future and in options both are risky today because most of chances index will trade in a narrow range today but in case nifty cross 9450 then risky traders can build a long position for 30-50 Points. Today in writers day. Sell : Intraday support is lower then 9300 and seller must consider this level to open a short Position if nifty break it. 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 the different view and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
3
Nifty Intraday and weekly Expiry Trade setupGood Morning sir's Hope you all did good in yesterday Trading session. Our Trade setup work perfectly. Yesterday Index closed 2.29% in upside . Remember today is expiry day I called this day as " Writers day" . I Think Index will be trade in a range today if we talk bases on yesterday sentiment then most of you're bullish but as I always said everyday is different then others in Intraday so do not come on next day on previous day sentiment... Key Factor =============== A: SGXNIFTY trading almost 0.63% up in thoday Morning.. B: Dow closed 1.99% above from previous day.. C: Crude is still weak. Trading 1.35% lower from previous day.. Let's see how our market will be react today on the above Scenario Nifty Intraday Resistance is 9400 and support is on 8700. Trade Setup =============== Buy ------------- A : Build a Long above 9270. Stop loss should be 9180 closing basis. Sell ----------- B: Sell if 9040 break in Intraday . Stop loss should be 9190 Note : Wait for first 30 minute to get the Index settle. These Levels are based on previous data and can destroy on Huge Gap up or gap down so wait first 30 minute and observe the Index move. Will update More in live market... Good Luck and Happy trading
NSE:NIFTY
by CodeViser