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Nftytrend

Nifty: Monday - 05/12/22Levels: Support: 18600 (Very Important, otherwise lower bottom in hourly), 18525, 18440, 18360 Resistance: 18890 (Very important, breaking it means higher high is ready), 18925, 19000, 19050 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18696.1 ATM: 18700 , ITM: 18650, 18600, 18550 , OTM: 18750, 18800, 18850 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI data: 19000 Highest OI Put in Nifty per OI data: 18700 Nearest Major Resistance in Nifty per OI data: 18750 Nearest Major Support in Nifty per OI data: 18450 ---------------------------------------------------------------------| Trade setup: 1. If Nifty Opens up more than 200 points, safely sell. 2. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pulls back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 18760 | 18720 | 18850 | 18900 ----------------------------------------- SELL | < 18640 | 18680 | 18550 | 18500 +++++++++++++++++++++++++++++++++++++++++
NSE:NIFTYLong
by pradipandsuvra
Nifty Trade Setup for 26.08.22 with intraday levelsNifty opened above our previously discussed level and technically made a double top after taking support from that exact level of 17642. The down move that came since 1 pm was massive and was not exactly unprecedented. Max Pain level was 17600 and given the weakness in Reliance we had the anticipation that expiry would be around that level. What we did not expect is the crash below 17500. The only reason behind such a fall and especially the last 100 points is due to unwinding of long positions in cash. Most people had mad long positions in cash in the index heavy weights in view of the current bull run. So, is the bull run over? It would be too early to comment. We have taken support at 20 DEMA and we need to see next few trading sessions if we can hold it. Conviction bearish Bias neutral Trade Setup Long above 17522 Target 17613 Short below 17500 Target 17428-17385 >>Option buying Long Position: Buy 17600 CE Short position: Buy 17400 PE >>Option Selling Sell 17800 CE with SL of 20 points (best entry at or above 17600) ------------------------------------------- Standard Disclaimer Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities are not suitable for all investors. The information presented in this educational material is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in this course constitutes legal, accounting or tax advice, or individually tailored investment advice. WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE. WE ARE NOT SEBI REGISTERED. *SEBI Mandatory Guidelines* *Channel Disclaimer/ disclosure* No tips No advice No recommendation No PMS advisory This channel do not provide any tips/recommendations/advice All updates/posts/discussions are only for education and learning purpose. Do Consult your financial advisor before taking trading or investing decisions I am not responsible for any financial losses Disclaimer/disclosure/terms and conditions applicable to all members of this channel All rights are reserved
NSE:NIFTY
by daerontrading
NIFTY 50 crucial levels for Monday!🛑 NIFTY closed above 21DMA , - Trading above 50,100 DMA -NIFTY weekly pivot point 17875.4 🛑 Key levels to watch out for intraday traders :- ◽ resistance is at 18200-18220 -with SL of 18150 - 18300 we can see as the target after breakout ◽ support level is at 17900-17880 -with the SL of 17950 - 17800 we can see as target after breakdown 🛑 Rules to follow * avoid trade if market opens above/ below our levels - in other words , avoid if market opens at or above our resistance zone (Huge GAP up) - avoid if market opens at or below our support zone (Huge GAP down) (reason behind avoiding trade because market don't like gaps it will try to fill the gaps ) *if huge gap UP or DOWN happens then we have to just wait for price action and until fill the gap then we can take trade *initiate the trade by using 5mins time frame chart , -if breakout happens and 5min candle closed above mentioned level then initiate trade - if breakdown happens and 5min candle closed below mentioned level then initiate trade (so point is candle must as close above / below our mentioned levels then initiate trade , while operating SL also same candle as to close below the levels) * after initiating the trade we must have to wait until it will hit either TARGET or STOP LOSS *initiate trade after immediate breakout / breakdown(possibility making profit is higher) ◽or one can initiate after retesting the level (possibility making profit is lower) ◽ i hope that it will help a lot do like , follow for daily updates
NSE:NIFTY
by agasthya_d