NIFTY Intraday Trade Setup For 25 Sep 2024NIFTY Intraday Trade Setup For 25 Sep 2024
Bullish-Above 26020
Invalid-Below 25970
T- 26200
Bearish-Below 25880
Invalid-Above 25930
T- 25680
NIFTY has closed on a flat note today. It took resistance at 26k level and that acted as ceiling whole day. It has formed a shooting star candle in daily TF so below its low we can expect a profit booking and in that case it can test 25670 which is a strong support as per Fib retracement. Above 26020 tried sellers will give up and 26200 can be approached.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 26020 then we will long for the target of 26200.
For selling we need a 15 Min candle close below 25880. T- 25680.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY
#Nifty Intraday Support & Resistance Levels for 25.09.2024On Tuesday, Nifty opened flat, made a new all-time high of 26,011.55 during the last hour of trading, and closed at 25,940.40. The Weekly Trend (50 SMA) is overbought, while the Daily Trend (50 SMA) remains positive. Support zones remain the same as mentioned in the previous post.
Demand/Support Zones:
Near Demand/Support Zone (75 min): 25,376.05 - 25,467.65
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,941.45 - 25,036.75
Supply/Resistance Zones:
No visible supply/resistance zones on the chart at the moment.
Nifty Intraday Support & Resistance Levels for 24.09.2024On Monday, Nifty opened with a gap up and remained strong throughout the day, making a new all-time high of 25,956 and closing at 25,939.05, gaining 148 points over the previous close. The Weekly Trend (50 SMA) has turned overbought from positive, while the Daily Trend (50 SMA) remains positive. Support zones remain unchanged from the previous post.
Demand/Support Zones:
Near Demand/Support Zone (75 min): 25,376.05 - 25,467.65
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,941.45 - 25,036.75
Supply/Resistance Zones:
No visible supply/resistance zones on the chart at the moment.
NIFTY Intraday Trade Setup For 24 Sep 2024NIFTY Intraday Trade Setup For 24 Sep 2024
Bullish-Above 25960
Invalid-Below 25910
T- 26200
Bearish-Below 25780
Invalid-Above 25830
T- 25540
NIFTY has closed on a bullish note with 0.57% gain today. It was less volatile than last session with firmly bullish sentiment. Index is at a striking distance to 26k. Possibility of crossing the same is high and next possible resistance lies near 26200 zone. 25780 will be a good support and an important level for opening downside move.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25960 then we will long for the target of 26200.
For selling we need a 15 Min candle close below 25780. T- 25540.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Sobha LtdAll important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
#Nifty Intraday Support & Resistance Levels for 23.09.2024On Friday, Nifty opened with a gap up and, amidst a highly volatile session, made a new all-time high of 25,849.25. It closed at 25,790.95, gaining 375 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive.
Demand/Support Zones:
Near Demand/Support Zone (75 min): 25,376.05 - 25,467.65
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,941.45 - 25,036.75
Supply/Resistance Zones:
No visible supply/resistance zones on the chart at the moment.
Nifty Intraday Support & Resistance Levels for 20.09.2024On Thursday, Nifty opened with a gap up, reaching a new all-time high of 25,611.95. However, the opening gap was filled due to profit booking, and Nifty closed at 25,415.85, gaining just 38 points from the previous day. Both the Weekly and Daily Trends (50 SMA) remain positive.
Demand/Support Zones:
Near Demand/Support Zone (15 min): 25,244.55 - 25,269.45
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55
Supply/Resistance Zones:
No visible supply zone on the chart at the moment.
Nifty Intraday Support & Resistance Levels for 19.09.2024On Wednesday, Nifty opened almost flat, touched the 15-minute Demand zone mentioned in the last post, and bounced 100 points to make a new all-time high of 25,482.20. However, it faced selling pressure, dropping 200 points from the top, and closed at 25,331.40, losing 41 points from the previous day. Both the Weekly and Daily Trends (50 SMA) remain positive.
Demand/Support Zones:
Near minor Demand/Support Zone (15 min): 25,244.55 - 25,269.45
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55
Supply/Resistance Zones:
Near minor Supply/Resistance Zone (15 min): 25,469.05 - 25,482.20
Nifty Intraday Support & Resistance Levels for 18.09.2024On Tuesday, Nifty opened with a gap up and traded in a narrow range throughout the day, closing at 25,418.55 with a gain of 35 points. This marks the first time Nifty has closed above 25,400. For the last four days, Nifty has been hovering around this level, suggesting that if the high is not broken with strong volume, we could see a correction down to 25,075. However, if Nifty breaks the new high (above 25,450) with volume, it may reach 25,640 in the short term. Both the Weekly and Daily Trends (50 SMA) remain positive.
Demand/Support Zones:
Near Demand/Support Zone (15 min): 25,355.95 - 25,383.90
Far Demand/Support Zone (15 min): 25,244.55 - 25,269.45
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55
Supply/Resistance Zones:
No Supply/Resistance zones are currently visible on the chart.
Nifty Intraday Levels | 18-SEP-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
NIFTY Intraday Trade Setup For 18 Sep 2024NIFTY Intraday Trade Setup For 18 Sep 2024
Bullish-Above 25450
Invalid-Below 25400
T- 25630
Bearish-Below 25310
Invalid-Above 25360
T- 25100
NIFTY has closed almost on a flat note with minor gain of 0.14% today. Since last three sessions index is just sideways within 150 points small range. Index is just consolidating after ATH breakout. Now above 25450 index should trend in the higher side, no comments on momentum as it has passed away months ago. Below 25300 index should start a bearish action.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25450 then we will long for the target of 25630.
For selling we need a 15 Min candle close below 25300. T- 25100.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
bank nifty set for another bull runAfter a consolidation in bank nifty it's set for another bull run which already started . In 3 hours chart its clear that the uptrend is already begun. if it's break 52250 and hold for a day then it may hit 53750 in next 2 weeks. it's almost there to break the previous uptrend trendline .
Nifty Intraday Support & Resistance Levels for 17.09.2024On Monday, Nifty opened with a gap up, hitting a new all-time high of 25,445.70 (the previous high was 25,433.35) but failed to sustain and closed at 25,383.75. For the last three days, Nifty has been closing around 25,400, indicating that if the high is not broken with strong volume, we may see a correction down to 25,075. However, if Nifty breaks above the new high (above 25,450) with volume, it could reach 25,640 in the short term. The Weekly and Daily Trends (50 SMA) remain positive, and support and resistance zones are unchanged.
Demand/Support Zones:
Near Demand/Support Zone (15 min): 25,217.90 - 25,269.45
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55
Supply/Resistance Zones:
No Supply/Resistance zones are visible on the chart currently.
Nifty Market Analysis for 16 September 2024On September 16 (Today) NSE:NIFTY opened gap up by 50 points, indicating positive momentum at the start of the trading session. The immediate resistance level for Nifty is observed at 25,415. If the index manages to sustain above this resistance, the next crucial resistance levels to watch are 25,502 and 25,535. On the downside, failure to hold above 25,415 could result in a decline toward the support range of 25,311 to 25,275.
Immediate Resistance: 25,415
Nifty Day’s Support: 25,311 to 25,275
Nifty Day’s Resistance: 25,502 to 25,535
Disclaimer:
This analysis is based on current market data and technical indicators. It is not a recommendation to trade or invest. The stock market is subject to risks, and prices can fluctuate due to various factors. Please consult with a financial advisor before making any investment decisions.
Nifty Intraday Support & Resistance Levels for 16.09.2024On Friday, Nifty opened with a gap up but failed to surpass Thursday's high of 25,433.35, staying in a tight range and closing at 25,356.50, losing 32 points. Despite this, Nifty continues to trade above the previous week's close and even above the previous month's candle closing. If last week's low (24753.15) holds, we may see further upward movement and potentially new highs in the coming weeks. The trend (50 SMA) on both the Weekly and Daily timeframes remains positive.
Demand/Support Zones:
Near Demand/Support Zone (15 min): 25,217.90 - 25,269.45
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55
Supply/Resistance Zones:
Currently, no Supply/Resistance zones are visible on the chart.
Markets Gear Up for FED: Nifty & Bank Nifty Reflect OptimismNifty has created a 500 points flag pattern on a 30 mins chart, breakout is above 25385 level, if thats done then we should see a strong move till 25800-26200-26400 levels.
Bank Nifty has to catch up, it has also shown strength in last week, 52200 is a crucial zone, any close above it will give Bank Nifty open doors for 53150 level and above that 54150 level can be seen. On down side we can see 51700 - 51400 as strong support
Nifty Intraday Support & Resistance Levels for 13.09.2024On Thursday, Nifty hit a new All-Time High of 25433.35 and closed at 25388.90, gaining 470 points. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) has turned positive from sideways.
Support Levels:
Near Demand/Support Zone (15m): 25444 - 25270
Far Demand/Support Zone (75m): 24885.15 - 25072.55
Far Demand/Support Zone (75m): 24678.80 - 24745.50
As of now, there is no visible supply zone on the chart.
Nifty Market Update: Symmetric Triangle Pattern in FormationOn September 12, 2024 (Today), NSE:NIFTY opened with a gap-up of more than 100 points, showing early bullish momentum. The index is now trading within a range and appears to be forming a symmetric triangle pattern, indicating potential breakout action. Key levels to watch are the day’s support at 24,978.20 and at 24884.85 and resistance at 25,141.15. A breakout above or below these levels could set the tone for the next trend.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always consult a professional before making trading / investment decisions.
Nifty Intraday Support & Resistance Levels for 12.09.2024On Wednesday, Nifty hit a high of 25113.70, entering the 30m supply zone mentioned in the previous post, before dropping over 200 points to close at 24918.45. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.
Support Levels:
Far Demand/Support Zone (75m): 24678.80 - 24745.50
Far Demand/Support Zone (Daily): 24523 - 24636
Far Support (61.8% FIBO retracement level): 24444
Far Demand/Support Zone (Weekly): 23893.70 - 24367.50
Resistance Levels:
Near Supply/Resistance Zone (30m): 25045 - 25114
Far Supply/Resistance Zone (75m): 25127.75 - 25198.60 (tested)
Far Supply/Resistance Zone (Daily): 25235.80 - 25321.65
Nifty Intraday Support & Resistance Levels for 11.09.2024On Tuesday, Nifty opened with a gap up, reaching a high of 25130.50, touching the 75m supply zone mentioned in the previous post. It then fell over 100 points from the top, closing at 25041.10, gaining 104 points from the previous day's close. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.
Support Levels:
Near Demand/Support Zone (30m): 24908 - 24961
Far Demand/Support Zone (75m): 24678.80 - 24745.50
Far Demand/Support Zone (Daily): 24523 - 24636
Far Support: 24444 (61.8% FIBO retracement of the last rally)
Far Demand/Support Zone (Weekly): 23893.70 - 24367.50
Resistance Levels:
Near Supply/Resistance Zone (30m): 25095.45 - 25130.50
Far Supply/Resistance Zone (75m): 25127.75 - 25198.60 (tested)
Far Supply/Resistance Zone (Daily): 25235.80 - 25321.65
Nifty Intraday Levels | 10-SEP-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty Intraday Support & Resistance Levels for 10.09.2024On Monday, Nifty opened with a gap down, breaking below the near-demand zone but recovered to close at 24936.40. If Nifty breaks below Monday's low of 24753, we might see a decline toward 24636 or lower. On the upside, the major resistance zone is at 25128. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.
Support Levels:
Near Demand/Support Zone (Daily): 24523 - 24636
Far Support: 24444 (61.8% FIBO retracement level of the last rally)
Far Demand/Support Zone (Weekly): 23893.70 - 24367.50
Resistance Levels:
Near Supply/Resistance Zone (5m): 25049 - 25084
Far Supply/Resistance Zone (75m): 25127.75 - 25198.60
Far Supply/Resistance Zone (Daily): 25235.80 - 25321.65