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Niftytradesetup

NIFTY--18700 or 18500 Observations:: ---->> Price is trading in range after opening gap up. consolidation + Bullish = Sell @ Resistance.(18700 Resistance) Consolidation + Bearish = Buy @ Support (Gap may acts as Support.) If price showing bullish pressure towards 18700, wait here for reversal may happens, previous strong fall area. if price comes back to 18450-18500 levels, look for buy. if price breaks 18575 zone retest sell for target of 18500 zone. After break retest in needed to sell. Previous strong resistance may turned to be support @18450 range.
NSE:NIFTY
by IIT-Trader
Nifty Expiry Day Trade Setup (01-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Today with gap down nifty fall further for 90 points and gave nice setups. I traded Bank Nifty as at time of trade Bank nifty provided better setup. For last two days with gap up opening nifty was rangebound and today it falls as posted in yesterday that if gap down there might be gap filling which it did today and took support exactly near gap. Today nifty gave range of 90 points from resistance to support. For tomorrow expiry day setup: 1.) If opens flat will look for price to take support near Today's low 18480 if it takes support will buy for target of todays high or resistance of 18580. If breaks below 18480 then will short for target of 18425, then next support 18380. 2.) If opens gap up then wait for price action to form. 3.) If opens gap down then will also wait for price action to form. will look for nearby support or resistance level. As tomorrow's expiry day premiums will erode also might me range bound in today's 90 points if it's range bound then will try to trade within range if good setup is formed. Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
NSE:NIFTY
by TradeInsights
Nifty Trade Setup (31-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. So today also with range bound action all day nifty gained 40 points in last 1 hour. so what to expect tomorrow also monthly close volume is rising and only 250 points from Nifty's ATH. BNF already broked ATH and doing good in sustaining it. Trade Setup for tomorrow: 1. If opens flat will wait for rising triangle to break up or down and will long or short according break side respectively. 2. If opens gap up above Triangle pattern will wait price to take support on that resistance or not if it takes support then will look for buy for target for Rising wedge trendline. if it doesn't hold near resistance then will short for target of rising trendline support. 3.) If opens gap down will look for price to take support near last 2 days lows ( PDL) if it takes supports there then will look for long for target of todays high. if doesn't takes support near PDL then will look for short for target of gap filing which is at 18510. also nifty is trying to consolidate like BNF To reach new highs and its good as it makes base for good support. Views are bullish on nifty to make new highs soon. Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
NSE:NIFTYLong
by TradeInsights
Nifty Trade Setup (30-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. So today market was sideways with 60 points movement only. Market for only scalpers not for trend followers it was expected as there was big gap up opening and when there is big gap opening do expect sideways price action. As posted yesterday that from price action on 1 Day TF price is moving in rising wedge and today it opened above both horizontal resistances mentioned on chart. (Unable to post yesterday chart i.e. 29-May-2023 due to basic member) Now as gap opening and positive global markets and positive earnings from major companies. This gap might act as good support zone which become flip zone (Resistance turned to Support) Not Expecting any gap downs but still to need as backup plan i will always try to plan my trade setup based on if price opens flat, gap up or gap down. For tomorrow this will be my trade setup: 1.) If opens flat and will wait for break of the Resistance zone of 60 points which formed today with resistance at 18641 and support at 18580. if it breaks one above then i will look for buying opportunities for target of rising wedge trendline 18670 to 18680. 2.) If opens gap up the will wait to form price action or any rejections from rising wedge trendline for target for todays resistance (18641) 3.) If open gap down and today's support of 18580 becomes resistance then will look for shorting for target of 18560,18510. Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
NSE:NIFTY
by TradeInsights
Nifty Trade Setup (29-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Hello everyone so as on 26-May-2023 (Friday) session when price took support at resistance level which i marked as horizontal line on 15 min TF i bought it there and stoploss was low of the hammer formed or day's low and i trailed my stoploss. It was good session and worked as per my trade setup. ( Cannot Post Previous Session Link as i am not pro member or don't have enough reputaion levels :) 😊 ... have to check previous day setup to check resistance level which became support.) Now for my Tomorrow's trade setup from price action it is forming rising wedge pattern on Daily TF making HH's and LL's now price is at Equal of previous high and if this pattern will be respected then it will make new high touching that upper trendline of rising wedge but For price to reach there, on upside NIFTY have hurdles of 18500, 18550, then 18600 levels. On downside nearby support is 18450. For my trade setup i will look for following : 1.) If opens flat and nifty might retest nearby support of 18450 as there was rejections from day's high on previous session. If price take support there i will be looking for buying opportunities for target of 1st resistance level (18550) then for 18580. 2.) If opens gap down i will see if it takes support near 18450 if it does then will trade as per point 1 setup. If price rejects this support of 18450 then will look for shorting opportunities for target of 18400 then 18350. 3.) If opens gap up then will look for rejections from nearby resistance levels and will wait if price rejects that resistance of bulls take control of price as did in previous session and then will trade accordingly. Things i will keep in mind: Nifty is bullish on Higher TF. which is Primary trend and if i place trade against the primary trend i will try to follow strict stoploss and strict profit booking levels. Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:NIFTYLong
by TradeInsights
Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. As i was busy with some work i didn't posted my trade setup for 25-May-2023 and also didn't traded on 24-May-2023 although it was good session too. watched chart for few minutes today and closed terminal because of work today. Today on expiry day there were opportunities also if someone trade with patience. I didn't took trade today because i didn't planned anything and this was my bad habit before that i always trade if market in moving from support or resistance i took trade with out any setup or patience so that i don't miss any profits as you may know this (FOMO). Which was my reason for more losses than profits. I will post on what i am doing to improve it in separate post. This is going to be my setup for tomorrow: Today market opened flat and there was selloff from 18265 to 18200 almost 65 points down. but in last 1 and half hour it took support at (18200) and then rise like rocket making almost all green candles without any pullbacks on 5 min TF gaining almost 100 points from day's low. Price is forming triangle and closed near trendline resistance. Setup for Tomorrow: 1.) If it opens flat and sustains this trendline resistance on 15 TF then i will look to buy CE for target of 18363, 18371 and 18380. 2.) If it opens gap up i will look for rejections from same targets or near by CPR and will buy PE trade for near by support levels which is 18300 as 1st support or CPR whichever will be closer. 3.) If it opens gap down 1st support is placed at 18300 level if it takes support at this level and holds for 15 to 30 minutes. I will look for buying CE. Views are bullish so will trade cautiously if i am trading in opposite direction. As from Volume there was lot of buying buying when price was moving above today as compared to while it was selling off. Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:NIFTYLong
by TradeInsights
NIFTY--18700 Or 18200Observations:: NSE:NIFTY ----->> if we see monthly candle it is a strong bearish candle, ------>> If we see weekly analysis , price enters into a zone where previous strong rejection area. we are still in that area , High of that area is 18700.so we will buy up to 18700 area. ------>> If we go for daily analysis , price enters in that area and showing downward pressure, price created a support in the zone @18060 level, while entering in to the resistance area. so that level acts as support and price moved to the resistance zone again with strong bullish candle, and breaks the previous resistance @18460 level. ---------------------------------------------------------------------------------------- Now we can see the clear picture, Case1:: If Yesterday strong bullishness is a manipulation and fake breakout above 18460 level, we are going to sell below 18400 where previous strong resistance, for the target's of 18360-18320,18260,18200 only. while breaking the resistance @ 18460 price created a support @18200 level which is a new support. case 2:: If this is a strong breakout, we have a next resistance @18700 level, we will continue to move in the same direction, but a retracement is needed to go long, after breaking the resistance @18460 levels no proper retracement is not seen. if retracement is done to these levels, 18460-18400 levels and will go for buying above 18460 for targets of 18500,18570-18610 and 18700 levels. @18570-18610 level previously bullishness and bearishness is observed @ same zone. So clearly this week price is ranging above 18200-18700, in the middile we have resistance @18460 zone, if this zone acts as support we go for buying up to 18700 levels, if again acts as resistance will go for selling up to 18200 levels.
NSE:NIFTY
by IIT-Trader
NIFTY--Strong Supply@ 18440-18460 ??Price is exactly closed in the strong Demand zone, which is previous supply zone. if this zone acts as support, price will go up, up to the next resistance @ 18438-18458 range. Résistance + supply zone. = Strong push to downwards may observe. Today's fall is due to previous supply zone @18400 levels, We are left with one supply that is not tested @ 18438-18458 levels. Look here for sell for the target of 18360 and 18260, if price falls below keep in the trade up to 18000 levels. Keep note :: Price may be consolidate between the supply@ 18400 and supply zone @18440 levels, enter on breaking the 18400 and retest of any supply to below levels. If price is not able to break and still in the same range the expiry neutral.
NSE:NIFTY
by IIT-Trader
1
NIFTY-- 18500 or 18000 ??Observations:: Price is clearly closed in the Previous supply zone. If supply acts as demand price is again bullish, we have one more supply zone below @18260 if this pushes the price up again bullish ?? After a strong consolidation price is bearish which is a sign of bullish again to test the supply @18500 levels. consolidation + down move= up side Look for selling opportunity from 18450-18500 zone, falls below 18400 levels, 18400 acts as resistance we can go for sell again.
NSE:NIFTYLong
by IIT-Trader
Nifty Trade Setup (24-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. Today as expected and posted in yesterday's analysis Nifty opened Gap up and even tried to sustain the gap but failed as price action went flat for whole day and at close when i checked it rejected today's highs. For tomorrow i will trade keeping these things in mind: 1.) Today's CPR was virgin CPR and it might test it and may take support near it. 2.) From price action it's in wave in ascending triangle which took support and lower trendline. 3.) If market opens flat and hold 15 min candle about it i will buy CE for target of Today's High. 4.) If market opens gap down and took support at today's Virgin CPR will look for buying CE near this support For target for Today's Open (18365) as that will act as resistance now. 5.) If market opens gap up between triangle then will wait for price action if it breaks this pattern on either side and according to it i will trade. Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:NIFTY
by TradeInsights
NIFTY-- 18340 or 18000 -------->> Nifty Moderately turned to be bearish. ------->> Price wants to test the supply @ 18340 levels or continue to fall back to below 18000 levels. -------->> If price tested 18340 levels and below we have a supply zone @18260 level may acts as demand, will again push the price to higher levels. 18120 Level will push the price above 18200,18260 and 18340 level. Keep track this levels. -------->> we have a clear demand zone @18060 breaks will observe a fall till 18000 and 17960 levels.
NSE:NIFTY
by IIT-Trader
Nifty daily analysis1. 18320 if nifty crosses this level after opening sideways than we can enter to buy in full 2. if nifty opened with gapdown then we will see price action- if after 5 min it makes hammer and crosses we will buy it 3. if nifty opened gapup then we will wait for 5 min candle on lower side for gap filling - we could buy if market makes some bullish pattern by taking support of 18320. 4. if you want to sell on gapup then trade less than 1/3 qty after 5 min low breakout 5. if price-action is formed on lower side after gapdown below 18200 then we will try to sell in 1/3 qty. We will turn bearish for short term if market breaks 18100
NSE:NIFTY
by aditya_k_mukherjee
Nifty50 Short (Update)This is second update to Nifty50 Swing Short I Posted couple of weeks ago. Short is now considered a success with almost 2% move down from the entry, which falls in line with original analysis where we were waiting for break of wedges in USD/INR pair and Nifty50. and we have gotten that now. Now there is a possibility that the USD/INR pair tests the wedge which can lead to bounce in Nifty which is also evident in Nifty chart with a reclaim of the white line at 18158. So, I suggest a TP here and moving Stop loss to entry or to slightly above the top at 18500 in case you want to hold it for longer term for swing scenario. I have attached links to the original posts down below and DXY analysis which ties into breakout of the USD/INR pair. Please go through them to understand the context of the short.
NShort
by zakoraio
NIFTY--Supply acts as Demand@18260??Observations:: --------->> Yesterday price tested the level @18260 level where a strong gap down occurs previously, and again falls back to below 18200 levels. ---------->> we have one more resistance @ 18340 level, if price breaks this level will observe again bullish momentum towards 18450 levels, careful at this level. If facing resistance @18340 levels and 18260 level or 18200 level acts as support more bullishness is observed. Supply Acts as Demand@18260 level. keep track this levels. Key level of support: 18060 and 17960 levels. ---------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by IIT-Trader