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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 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 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