TraderRahulPal

Expiry Special Analysis NIfty Intraday levels || Hero & Zero day

NSE:NIFTY   Nifty 50 Index
Good Morning Everyone,
First of all Being an Indian i want to congratulate all the Indians that CHANDRAYAN-3 GOT SUCCESSFULLY LANDED ON CHANDAMAMA (MOON) Guy's, we have done what is very difficult for many countries to even think. Really a great job done by our ISRO Scientist team, they are really a Real Super Heros in actually for our country, they just made us proudful. Now we are the 4th country who has done this miracle. Guy's there is a saying NEVER GIVE UP, and India is the example for that, after the failure of Chandrayan-2, Our scientist has done well and they have made a huge come back, this is really a Grand Success for them. Sorry guy's this has been little lengthy in writing all this but i really want to Motivate the Traders and Investors that NEVER GIVE UP, keep learning and practicing the things, Success is on the way, your time is coming guy's.


Now let's focus on Nifty levels and Today's expiry day Analysis:-

Guy's i have analysis of daily time frame and i found a Dogi candle on daily timeframe. I think from here if nifty goes past and holds above 19500, then it can move towards 19650 but in case of a fall, then we will see another round of selling pressure in NIfty. Yesterday Nifty has not done well as compare to other indices specially banknifty, After opening higher at 19439, Nifty gave up all the gains in early in morning and made low at 19366 and then after doing some time pass over there it has come again up and did not survived above 19450. i had told you guy's in last day nifty analysis that nifty is trading in a range (19450-19379) and we have seen same volatility in yesterday sessions. Alright guy's Now we have to watch 19500 levels, if that got breakout successfully then 19650 will coming soon.

Important levels for Nifty:-

Support zone 19350-19370
Resistance zone 19450-19470

Best buy will be when nifty cross above 19475 and sustains at least for 30 mints.
Targets we can see in upside 19555/19602+
Keep stop loss at 19425

Best sale levels will be, once nifty breaks 19360 and sustains at least for 30 mints.
Targets we can see in downside 19299/19242-
Keep stop loss at 19425

Note:-
Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Comment:
Guys market is bearish but already given a huge move both side

but still we willl play our hero zero trade as market is looking more bearish tome from here.

take hero zero trade with less qty

take nifty 24th august 19400 pe now at 10
and take banknifty 24th aug 44500 pe now at 32

finger cross
Comment:
Targets we can see in nifty 22/29/38/45+
Targets we can see in banknifty 60/89/101/138++

Guy's just do not wait for much targets just exit accordingly
Comment:
follow stop loss for nifty at 5
and for banknifty at 15
if stop loss got hit do not try many times..hit means hit

Best Regards,
Rahul Pal
(Full Time Trader & Investor)

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