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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
NSE:NIFTY1!
by sbkurandwad77
2
TRADERSAI - A.I.POWERED NIFTY TRADING PLANS for WED 08/05Hey guys and gals, Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-5 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments. NOTE: Pay attention to the Take Profit and Stop Loss levels added as note (iii) below. Good luck with your trading today! *********************************************************** Hey everyone! After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index , we are now testing our models on the Indian stock markets with the NIFTY 50 Futures . This is our debut for you all who have been waiting for it! While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you! Notation: (i) Use these line crosses on your choice of time frame chart. Most aggressive - on a 1-minute chart Moderate - 5 to 15 minute chart Intraday swing - 30 minute chart Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results. (ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc. Solid Green Line: Models would go long on a cross above this line Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long). You can use Close-to-Close basis OR Open-to-Close basis OR Low-to-High, depending on your trading style. Solid Red Line: Models would go short on a cross below this line Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short). You can use Close-to-Close basis OR Open-to-Close basis OR High-to-High, depending on your trading style. (iii) Take Profit: Our NIFTY models are currently using a 20-point trailing stop activated once a 15-point profit level is reached. Stop Loss: Our NIFTY models are currently using a 30-point stop loss level activated at the entry. This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.
NSE:NIFTY
by TradersAIDotCom
Nifty 50 Intraday Trade Setup for 24th June 2020Good Morning friends, I hope you guys are doing good and making some good money in this bull market. Yesterday was an awesome day and we had made good money from Nifty and Bank Nifty Index. I have got a lot of Questions regarding of this bull rally. Peoples are confused here and do not trust in this bull Run Because of COVID and Indian Economy. Let me clear you one thing Market do not care and follow the economy in the short term. The market has its own Cycle and path. sp stop making the assumption and trade with the Trend. Technically nothing wrong in the Market. Let's talk about today's trade setup. Key Factors ================ 1- SGX trading on 10,445 which is 40 Points low from Previous closing. Might be small gap down or flat opening in Nifty 50 Index. 2- Dow is trading on 26196 which is 0.38% higher than the previous closing. Index taking 26400 as resistance and we can see a correction in upcoming days. 3-European shares rose to a near two-week high on Tuesday, powered by cyclical stocks after the latest economic data 4- 14000 peoples die in India from COVID and patents numbers are increasing daily. 14923 cases registered in last 24 hours. 5-Govt imposes Anti-Dumping Duty on import of Flat-rolled product of steel, plated or coated with an alloy of Aluminium and Zinc, exported from China, Vietnam, and Korea. Duty amount up to $173.10/mt. For five years. 6-securities in the ban for trade date 24 June 2020 century, just-dial, idea 7- Crude Oil is still Strong. 8-India is very likely to come out with another round of fiscal stimulus package, worth about 1 per cent of GDP in the coming months, Fitch Ratings said on Monday. 9-Foreign institutional investors (FIIs) bought shares worth Rs 424.21 crore, while domestic institutional investors (DIIs) sold shares worth Rs 1,287.69 crore in the Indian equity market on June 22, provisional data available on the NSE showed. Technical View ==================== The index is trading in uptrend channel since April 2020. The correct structure of the index is a higher high and higher low. Resistance: Nifty first resistance is on 10,600. The index can make a new high and test 11,000 level on the breakout. Support: Current support sits on 10,000 and the major support is on 9,500 Option Chain ================== Call: Maximum call OI of 36.16 lakh contracts was seen at 10,500 strikes, which will act as crucial resistance in the June series. Put: Maximum put OI of 26.41 lakh contracts was seen at 10,000 strikes, which will act as crucial support in the June series. Trade setup : ================ Long: Open long position if Index breaks 10,500 and sustain above on it. Short: short Position can build lower than 10,400 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
2