Nifty-intraday
Nifty reversal zones 29-12-2022Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
BANKNIFTY IntradayNSE:BANKNIFTY
Good to keep on the radar
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
BNF Good watch for intradayNSE:BANKNIFTY
Good to keep on the radar
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer
WE ARE NOT SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
NIFTY IntradayNSE:NIFTY
Good to keep on the radar
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
Selling opportunity in Nifty or Not!-->For the first time since 13/10/2022 Nifty has closed below its previous days closing "PDC" yesterday.
-->Nifty has extended quite high without a correction and I'm expecting a small correction before its BIG BULL RUN.
--> Why not BUYING today?
-->Yeah we can also buy with todays low as SL and enter when market gives retracement towards days low and again shows bullish momentum
--> PLAN 1
-->Continuing with shorting plan one can Short around 0.618 level at any strong bearish candle with 0.78 levels as SL or a big SL (18192 like that)
Short Entry:18095
SL:18155
--> PLAN 2
-->Wait till market comes till 0.78 levels and then short market with approx 60 points SL
-->This is high probable setup because chances of achieving 1:1 and securing the trade is high.
-->Even if price goes into stop loss zone we will have a good chance to exit if Price move around that level for some time ,coming to our entry area.
Short ENTRY : 18132
SL :18192 levels
I am posting this for Live testing purpose.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. Your boost and follow is my MOTIVATION.
I will be updating
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NIFTY- Possible trade for 17-10-2022The market seems range bound in the morning between 17200-17100. A break of the range in either direction could give a move of around 150 points in the direction the range is broken. On the upside the targets can be 17280/17350. On the downside the targets can be 17072/17020/16980. If the market remain range bound for most part of the day, we can expect sharp moves in the direction of the range the price has been testing.
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY- POSSIBLE TRADE -10-10-2022With the benchmark index having gapped down almost 1.3 percent, the tone for the day seem to be set. The first trades in the index suggest the selling pressure is likely to continue and market may look for any positive cues from Europe opening. As of now the index seem to be headed to breach 17000 and may test 16986/16972. If buying comes in at those levels it is possible for the index to close above 17100. If buying support do not emerge at the levels mentioned, index may test 16870-16880 levels.
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
Nifty intraday levels for 30.09.2022Resistance Level: 16907.85
Support Level:16810.85
If candles are sustaining or break above resistance level, we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are sustaining or break below support level, we can expect downside move and the targets will be fib retracement levels as per chart.
Note: pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
NIFTY- Possible Trade for 16-09-2022Recent price action suggests that the market seem to have lost the steam to go higher. We could see some more profit booking unless fresh buying comes in at these levels. With the next FOMC meeting around the corner, we can expect more volatility. The upside potential looks limited unless the market settles above 18000 and starts testing the recent highs. On the downside we can see buying support coming in near 17700-17600 zones. Only if these levels are breached decisively we can expect sustained downward move.
Important Levels for the day are given below
Bullish Above 17960
Upside targets -18060/18130/18180/18260
Bearish below 17920
Downside targets - 17860/17820/17760/17700
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY- Possible Trade for 12-09-2022From the start of the September series , i.e., from July onwards the index has run up over 2500 points. The index saw signs of weakness near 18000-18100 zone and for the last four weeks has been consolidating in a range of 870 points. There is significant buying interest near to 17500-17600 zone, but at higher levels the buying interest is yet to emerge. SGX NIFTY indicates a flat opening with a mild negative bias. If the index fails to take out and sustain the highs made on friday, we may see the index testing the strength of those who built long positions near 17700-176000 range. For the day and the weekly expiry the important levels are given below
Bullish Above 17980
Possible Upside targets 18065/18166/18210/18250
Bearish Below 17840
Possible Downside targets 17760/17630/17580/17560/17540/17460
Disclaimer
The analysis provided here is only for educational purposes. The author(s) do not assume any responsibility for the trades taken based on this analysis. Consult your financial advisor before initiating any trades. Trade Responsibly. Over trading and trades with out proper setups and risk management can wipe out your hard earned money.
NIFTY- Possible Trade for 05-09-2022Last week saw the NIFTY make a range of close to 615 points and one could see strong buying interest near 17200 levels and absence of any buyer intention above 17560 zone. For today and the current week, if we work with the assumption of a range bound market, we may find trading at the boundaries expecting a reversal to be a successful strategy. The index can fall to lower levels if it continues to trade below 17600. On the other hand if the index starts trading above 17660 levels we can see the index climbing higher levels.
Important levels for the day and weekly expiry are given below
Bullish Above 17660
Possible Upside targets - 17740/17786/17810/17860/17910
Bearish Below 17588
Possible Downside targets - 17520/17480/17430/17380/17310/17260
Disclaimer
The analysis provided here is only for educational purposes. The author(s) do not assume any responsibility for the trades taken based on this analysis. Consult your financial advisor before initiating any trades.
NIFTY- Possible Trade for 22-08-2022With the price action of last Friday session, it looks like the market is prepared to take a halt near to 17860 levels before resuming its upwards journey. The index did see some profit booking and it was consistent through out the day. The baby bulls who joined the rally late are unlikely to find green pastures at least for this series. We hold the view that the index likely to remain with in a range of 17860 -17560. Trading near these boundaries expecting a reversal can prove to be beneficial. On the lower level index may take support near 17300 -17400 zone.
Important levels to watch out for the series and expiry are given below
Bullish Above 17860
Possible Upside targets - 17960/18000/18080/18160
Bearish Below 17840
Possible Downside targets - 17760/17685/17630/17560
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY - Possible Trade for Today- 17-08-2022With the markets refusing to deviate from their upmove, it will be interesting to see the price movement for today and tomorrow. Since we have the weekly expiry tomorrow, market may want to test the strength of those who became bullish very recently and may test 17700-17600 zone. On the upside we can see the market to test the psychological resistance of 18000 if prices sustain above 17860 . On the options front 17800 has the highest call writing and 17700 has the highest put writing. If the market starts trading below 17800, it can test 17730/17700. Only a break below 17700 can scare the baby bulls.
Important level to watch out for today and for weekly expiry
Bullish Above 17860
Possible Upside targets -17920/17960/18000
Bearish Below 17810
Possible Downside targets - 17760/17730/17680/17620
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY- Possible Trade for Today 29-07-2022With an amazing expiry that favored the bulls in big measure the Index is very close to its psychological resistance of 17000. SGX NIFTY indicates a very strong opening for the index and can open comfortably above 17000. Longer time frame chart suggest that the next set of resistance can come in near 17400-17780 zone. For the immediate expiry 17060-17140 could act as a resistance. A break above that can propel the market to 17400 levels. On the downside 16790-16640 can be strong support zone.
Important levels for the day are given below
Bullish Above 16970
Upside targets can be 17040/17070/17130
Bearish Below 16940
Downside targets can be 16900/16860/16820
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY --INTRADAY -- 21/07/2022NIFTY -- INTRADAY SETUP --HOURLY CHART -- 21/07/2022
1. As per previous idea of NIFTY daily chart trendline breakout, NIFTY achieved target 16300-16500 LEVEL sucessfully
2. as seen in channel nifty at resistance level 16550 seen some profit booking and red candles form as profit booking at resistance
3. nifty trading at 16520 Sub level now there are 2 possibilities from here at intraday next session nifty can fall towards channel support around 16350-16380 level and bounce back towards 16600 level as target
4. channel shown resistance at hourly chart on 16600-16700 level and support at 16350-16380 level .
5, RSI on daily chart is strong bullish at above 60 level currently , bullish indicator.
*** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..
** HAPPY TRADING !