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NIFTY Intraday Trade Setup For 19 Feb 2024NIFTY Intraday Trade Setup For 19 Feb 2024 Bullish-Above 22080 Invalid-Above 22030 T- 22300 22520 Bearish-Below 21950 Invalid-Below 22000 T- 21735 NIFTY has closed on a slight bullish note last week and day with 1.19% and 0.59% gain respectively. It is at a striking distance to ATH and chances of a fresh bullish move above 22150 is high. 2nd leg shooting star will be invalid above 22130. But before it triggers a bullish move above 22150 it may dip for a pullback to fuel the impulse on breakout. So on Monday if there is a gap up and below 1st 5 Min candle's low it can trigger a down move. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22080 then we will long for the target of 22300 and 22520. For selling we need a 15 Min candle close below 21950. T-21735 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.
NSE:NIFTY
by Omahto
HDFC Bank: (Long) Entry-1384 Stop-loss-1362 Target-1513 Foundation: HDFC Bank is one of the flagship companies of India and has been considered as one of the few institution of national importance by Govt. of India. It is also one of the leading private bank in the country. Technical: 1. If we use Anchored VWAP(@23-03-2020) on weekly timeframe on the price chart of this stock, we will notice that price took support of it on 13-06-2022 and bounced back to continue its uptrend. Now, if you look the chart on weekly time frame, it has formed a bullish hammer candlestick on this VWAP, from which it is expected to take support. 2. Now, when we zero down to 30min. timeframe the stock has started the formation of higher highs and higher lows which is a good sign for reversal. 3. I am expecting price of the stock to take a deep pull back and then reverse for good and continue it's uptrend. For Swing, target could be as per risk:reward For Investment, target could be 1513, 1660, 1811, 1903
NSE:HDFCBANKLong
by pankajdua22
1
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NSE:BORORENEWLong
by TraderRahulPal
19
Nifty50 & BankNifty Analysis For upcoming NSE:BANKNIFTY Forming A 2 leg correction in bull channel and took support of micro and major channel. 0.786 Fib retracement of previous up move. 1st Scenario - Price continues its movement and breaks the resistance zone of 45950- 46070 and then tests the upper line of the major channel. Entry long if 30 min close above 46070. 2nd Scenario - Price Face Resistance of 46000 zone and test the support of 45850- 45000. Entry Short below 30 min bearish signal candle around 46000. NSE:NIFTY The Movement is Similar to BANKNIFTY as they got in alignment. There is an Immediate supply zone around 21800, if a 15-minute candle closed above it then you can initiate long with a strict Stop. On the upside Resistance zone is All time HIGH 22124. if it didn't sustain above resistance and reverses then Supports are mentioned on the chart. Keep learning, Happy Trading.
NSE:NIFTY
by SANJAYPATIDAR_
Union Bank - Bullish Surge ExpectedUnion Bank of India has formed Inverted Head & Shoulders Pattern on monthly timeframe. This bullish technical formation often signifies a potential trend reversal, hinting at a shift from a downward trajectory to an upward one. Adding to this positive outlook, the Relative Strength Index (RSI) has climbed above 60, indicating a growing strength in the stock's momentum. As RSI measures the speed and change of price movements, this rise could be indicative of increasing buying interest and a potential uptrend in the making. These combined signals from both the inverted head and shoulders pattern and the RSI suggest that the stock might be on the cusp of a significant upward move. Traders and investors are keenly watching this setup as they anticipate a potential bull run in the coming months. Support - 75 Resistance - 180/240
NSE:UNIONBANKLong
by PowerOfTA
NIFTY prediction for tomorrow 16th FEB 24As we discussed NIFTY for today, it ended sideways. Now, if we look at the chart data: The market has already given a breakout as it expired today. It ended sideways to the upside while facing resistance at 21950. The market will be sideways in the range of 21800-21950. EMA has given bullish-crossover EMA(50,200). Which shows the market is in a good bullish phase. If we look at the OI data: Pcr = 0.96 shows a bullish signal. Also, 21900 has very good PE writing, which shows it's going to provide good support. On the upper side, there is good resistance CE writing at 21900, 21950, and 22000. that will provide nice resistance. FII & DII have yet to be released.- I will update you in the comments. The market should be sideways in the range of 21800-21950. if it breaks 21950 to the upside, I can expect a good bullish momentum till 22110, as has been marked in the chart. Reasons: Price > EMA(13,50,200) which shows nice bulls power. EMA golden crossover EMA(50,200) shows bullish trend. RSI ~ 60 but sideways with bullish divergence, which shows the market can move to the upside. OI data Pcr = 0.96 shows bulllish market sentiments. Price ~ VWAP, which shows market price and volume both are balanced. The market has a good range to go upside down. Verdict: Sideways in the range 21800-21950. Bullish if it breaks 21950 to the upside. Plan of Action: Iron condor in range(21800-21950) if it breaks to the upside, add a bullish position and exit a short position.
NSE:NIFTYLong
by finnova_
NIFTY Intraday Trade Setup For 16 Feb 2024NIFTY Intraday Trade Setup For 16 Feb 2024 Bullish-Above 21960 Invalid-Below 21910 T- 22190 22350 Bearish-Below 21780 Invalid-Above 21830 T- 21635 21490 NIFTY has closed with a slight gain of 0.32% gain today. It opened with a gap up and yesterday it was discussed that we may turn sideways and close flat in case of a gap up. So has happened today, it was almost sideways within a very small range till 1 PM. Then there was a call side spike which again cooled off till some extent. It has formed a doji candle in daily TF, an indecisive sentiment. Above today's high and low will be deciding levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21960 then we will long for the target of 22190 and 22350. For selling we need a 15 Min candle close below 21790. T- 21635 and 21490. 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.
NSE:NIFTY
by Omahto
Nifty Expiry prediction for today 15 Feb 24I have been busy for the last two days. If you have been following my analysis, we marked a resistance and support line, which got a breakout yesterday, and after that, it gave a very nice bullish momentum. Now, if we look at the chart: The market is trading at the resistance zone right now after yesterday's good bullish momentum. Price has broken 200 EMA. Also, an emacrossover has happened, which shows the market is not in a bullish phase. if we look at the OI data: PcR = 1.20, which shows the market is very bullish, as its expiration of 22,000 shows severe resistance. All the levels below, including 21800, have good pe writing that shows bullish sentiment of the market. FII and DII show bearish on Options, which might lead to some sideways days because, in the future, FII is bullish. I expect the market to consolidate a little bit here in the orange marked region. Also, its expiry tends to end sideways. If it breaks the upside, it will not be a very healthy breakout right now. Reasons: Price > EMAs, which shows the market is strong. EMA bullish crossover shows good market strength. RSI > 60 shows good strength in the bulls. OI data Pcr = 1.20 shows the bullish sign. Price> VWAP, which shows the market is having strength. The market is trading at a resistance zone. As it has been tested multiple times, there is a probability it might break. Because of expiry, I am not expecting much of the moment today. Verdict: Sideways in the orange zone. If breaks to the upside can go bullish (low chances) Plan of action: Case 1: Range selling in the orange zone. Case 2: go bullish if it breaks 21900 to the upside.
NSE:NIFTY
by finnova_
14 Feb ’24 Nifty flies like a kite today, Resistance quite nearNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “On the 63mts chart, Nifty is still neutral with no clear indication of the next direction. BankNifty is bearish and the chances of Nifty going down may be higher due to that. The first target to break should be 21491 below which the bearish momentum will pick up an avalanche effect.” 4mts chart Nifty does another impossible feat today, breaks yesterday’s swing low and then surges 341 points ~ 1.59% to close near the resistance level. Yesterday we were gearing up to go short today as every indicator pointed to a negative start with a bearish bias. The global macro was pretty bad as SPX closed at -1.37% as their CPI Inflation data came in hotter than expected. Market participants here were expecting Nifty to fall at least 200 points today, but look at what happened - we fell first trapping the bears, and then shot upwards creating an avalanche (but in the positive direction). The price action made sense till 14.03 as it's quite normal for the indices to retrace and close the gap. But a surge of 234 points ~ 69% of the day’s swing range within the closing hours made no logic at all. We still believe it could be news/event-related and if yes - we may get to know it by tomorrow. In the 63mts chart, see the encircled region - the strength of the green candles stands out prominently. This has given Nifty a total makeover, till yesterday we were neutral with a moderate bearish bias. Today we are still neutral but with a bullish bias - as the resistance of 21913 is much closer than the support of 21491. The interesting thing is that if the moves today were not news-related and is a technical reversal then the break of 21913 will ensure the ATH is also getting taken out. 63mts chart
NSE:NIFTY
by viswaram
NIFTY Intraday Trade Setup For 15 Feb 2024NIFTY Intraday Trade Setup For 15 Feb 2024 Bullish-Above 21880 Invalid-Below 21830 T- 22050 22190 Buy_2- From 21640 Invalid-Below 21590 T- 21850 NIFTY has closed on a bullish note with 0.45% gain today. It was bold bullish day as it opened with a big gap down and recovered to almost 0.5% gain from 1% down. 10 o'clock range broke upside above 21625 and gave a good move. Now it has closed near hourly trendline resistance. There will be a big move after trendline breakout if it sustains above 21950. In case trendline being respected we will head towards 21645 and may find a good support again. Chances of almost flat close in case we open gap up. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21880 then we will long for the target of 22050 and 22190. 2nd buy can be considered from 21640. T- 21850 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.
NSE:NIFTY
by Omahto
NIFTY DAILY - 14/2/2024Indian index opens with gap down with huge selling pressure due to bad inflation data from US and bears took nifty to the low of the day that is 21530. Afterwards bulls took the charge and started filling the gap and made high of the day that is 21870. Index has formed large green candle with upper and lower shadows. Index has taken support at 50 level on RSI. 21912 will work as resistance level & 21632 will work as support level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
13 Feb ’24 — Even after gaining 127pts, we are still neutral ➡️Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “For tomorrow we wish to keep our eyes open for any bearish clues although we wish to stay neutral to start with. As always, we prefer BankNifty to make its move first and then Nifty50 will align itself to that direction.” 4mts chart We really thought the open may be flat and we would start falling, but to our surprise, we hit a session low of 21543 and then started climbing. By 11:11 Nifty had climbed an impressive 223 points ~ 1.04%. The options premium were totally weird today, an equidistant PUT and CALL options were trading highly skewed to the PUT side. Since we had some strangles on, we noticed even a premium spread of 1:2 wherein 1 lot of PE had the premiums of 2 lots of CE. Skews like these usually do not happen without a reason, in hindsight the reason was that the upside was capped. The PUT options were rightly priced and CALL premiums were not spiking - indicating that Nifty may not rise further. But this made no sense if you looked at the chart between 10 to 11 AM. BankNifty proved to be a bigger disappointment today, despite gaining 620 points ~ 1.38% - it was unable to break the resistance. Just imagine, when was the last time an Index rallied greater than 1.3% and still had a bearish tone? NiftyIT had no plans of its own - it was jumping around from RED to GREEN for no reason whatsoever. On the 63mts chart, Nifty is still neutral with no clear indication of the next direction. BankNifty is bearish and the chances of Nifty going down may be higher due to that. The first target to break should be 21491 below which the bearish momentum will pick up an avalanche effect. 63mts chart
NSE:NIFTY
by viswaram
NIFTY DAILY - 13/2/2024Nifty opened with negative note but bears were not able to sustain in the market. The bulls attempted to stretch their arms for the session and made high of the day that is 21766. Index has form green body candle with long lower shadow and upper shadow which indicates bulls are buying from lower end. Another candle is closed below on 9 days Simple Moving Average line. Index may find nearest resistance at 21912 level and 21632 will work as nearest support level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY Intraday Trade Setup For 14 Feb 2024NIFTY Intraday Trade Setup For 14 Feb 2024 Bullish-Above 21770 Invalid-Below 21720 T- 22011 22190 Bearish-Below 21540 Invalid-Above 21590 T- 21339 21120 NIFTY has closed on a bullish note with 0.59% gain today. As per trade setup it traded between yesterday's range an nothing triggered. However plotted channel pattern was broken and bullishness continued till EOD. Hourly trend is still downside and last swing high is 21850 which can bring a reversal sign if taken out. Our swing short from 21800 is still intact with the initial risk @ 22130. Our short level for tomorrow is 21540 but early sign of reversal can be sensed below 21700. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21770 then we will long for the target of 22011 and 22190. For selling we need a 15 Min candle close below 21540. T- 21339 and 21120. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 13 Feb 2024NIFTY Intraday Trade Setup For 13 Feb 2024 Bullish-Above 21810 Invalid-Below 21760 T- 22011 22190 Bearish-Below 21570 Invalid-Above 21620 T- 21339 21120 NIFTY has closed on a bearish note with 0.76% cut today. Our short trade which we are carrying from 21800 is now seems to be on track. Our trade was based on 2nd leg shooting star in daily TF with SL being intact @ 22130. Yesterday half bat was projected as an resistance seeing the current trend of the market which worked very well in today's session. 21810 and 21570 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21810 then we will long for the target of 22011 and 22190. For selling we need a 15 Min candle close below 21570. T- 21339 and 21120. 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.
NSE:NIFTY
by Omahto
12 Feb ’24 — Nifty Breaks the Swing Low, Support Approaching...Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “For Monday, we wish to maintain our stance of neutrality. To go long the resistance of 21913 has to be taken out and to go short 21615 has to be broken first and then 21491” 4mts chart Nifty opened a bit gap-up and then started declining immediately. It made a two-legged downward move today taking out the swing low of the last session. The difference between the high and low of the day was 257 points ~ 1.18%. It may not sound that weird as technically Nifty is still in neutral territory. What was more interesting was the stark contrast between NiftyIT and BankNifty today. From the opening minutes, NiftyIT was in strong green whereas BankNifty was facing southward. NiftyIT ended up with a gain of 0.79% whereas BankNifty ended up losing 1.65%. Global macros were not that disappointing, we assume today’s break had something to do with the “Farmers Protest V2.0”. Guessing it may really impact the Lok Sabha Elections 2024 outcome. Coming back to the technicals - we still need Nifty to break the support of 21491 to go strongly bearish. Whereas BankNifty is already in bearish territory today as its support was broken today. For tomorrow we wish to keep our eyes open for any bearish clues although we wish to stay neutral to start with. As always, we prefer BankNifty to make its move first and then Nifty50 will align itself to that direction. You might be bored listening to our phrase “BankNifty is still the torch bearer whenever Nifty50 intends to change direction”. 63mts chart
NSE:NIFTY
by viswaram