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.
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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
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
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👉Red zone - Institutional resistance
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👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
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👉Strike price always ATM & slightly ITM
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👉Sharp at 9:15 AM
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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
Nifty Intraday Support & Resistance Levels for 09.09.2024On Friday, Nifty opened a gap down due to negative global cues and heavy selling pressure, breaking the near-daily demand zone and entering the far-daily demand zone mentioned in the previous post. It closed at 24852.15, losing 293 points. If Nifty does not sustain above 24771, we may see a further decline towards 24523 - 24636 or even lower. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) has shifted from positive to sideways.
Support Levels:
Near Demand/Support Zone (Daily): 24771 - 24859 (current price inside this zone)
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 minor Supply/Resistance Zone (15m): 24916 - 24959
Far Supply/Resistance Zone (5m): 25049 - 25084
Far Supply/Resistance Zone (75m): 25127.75 - 25198.60
Far Supply/Resistance Zone (Daily): 25235.80 - 25321.65
Nifty Rebound Ahead: Watch for a Monday Low Before the Climb!Nifty is Poised for a gap down on monday but looks like it has a strong support at 24700-650 levels, if it sustains that then should see a rebounce till 25050 levels.
100 EMA is at the current level 24850 levels as well !!
Its going to be a volatile week ahead !!
Nifty for the week 9.9.2024 to 13.09.2024Nifty broke 25000 levels and also trend line . on Monday if it breaks 24800, then the fall may be up to 24370 and can extend up to 23610, 22550. On the other hand if it breaks and closes above 24940 in one hour candle, then there may be shot rally.
Buy above 24940
sell below 24800
Disclaimer: I am not a SEBI registered analyst. This only for educational purpose.
Nifty Intraday Support & Resistance Levels for 06.09.2024On Thursday, Nifty opened with a gap up, entering the 15m supply zone (25260 - 25285) mentioned in the previous post. It dropped nearly 150 points from the day's high to 25127.75 before closing at 25145.10. Both the weekly trend (50 SMA) and daily trend (50 SMA) remain positive.
Support Levels:
Near Demand/Support Zone (Daily): 24964 - 25052
Near Demand/Support Zone (Daily): 24771 - 24859
Resistance Levels:
Near Supply/Resistance Zone (5m): 25235 - 25258
Nifty Intraday Support & Resistance Levels for 05.09.2024On Wednesday, Nifty opened with a gap down, breaking below the 30m demand zone and hitting a low of 25083.80. However, it recovered by the end of the day, closing at 25198.70. Both the weekly and daily trends (50 SMA) remain positive. As of now, GIFT NIFTY is trading 90 points higher, indicating the possibility of a gap-up opening today.
Support Levels:
Near Demand/Support Zone (Daily): 24964 - 25052
Near Demand/Support Zone (Daily): 24771 - 24859
Resistance Levels:
Near Supply/Resistance Zone (15m): 25260 - 25285
A SHORT TRADE SETUP - NIFTY50NSE:NIFTY
❇️ Good trade setup in Nifty50.
❇️In daily time frame there is continuous buying. From straight 14 days. Not a single candle closed in red.
❇️ Now as per the pmi data of us. (Ecomomy) Above estimate which is not good for the us markets. Thats why dow jones crash more then 700 points. And nasdaq slip over 600 points.
❇️ Nifty forming symmetrical triangle pattern in 15 mint chart. As per the gift nifty shows 120 points down we can expect a down fall from this pattern. Wait for 5 mint candle closing near entry point.
❇️ Stopploss should be slightly above previous closing.
❇️ Achievable targets are. 25155-25125-25025.
❇️use your trailing stopploss after seeing profits.
👉🏻 @thetradeforecast 🇮🇳
Nifty Intraday Support & Resistance Levels for 04.09.2024On Tuesday, Nifty opened with a gap up but failed to surpass the previous day's high, trading within a narrow range throughout the day and closing flat at 25279.85. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. Currently GIFT NIFTY is trading 200 points lower, indicating a potential gap-down opening today.
Support Levels:
Near Minor Demand/Support Zone (30m): 25117 - 25165
Near Demand/Support Zone (Daily): 24964 - 25052
Near Demand/Support Zone (Daily): 24771 - 24859
As of now, there's no supply zone visible on the chart.
SBICARD: Preparing for a breakoutSBICARD: LONG TERM INVESTMENT IDEA: Stock listed during corona-crisis and bottomed out in May-2020. After that stock gave a decent return in next one year and made a high of 1165 in Sep'21 when Nifty peaked. From there stock corrected lower and again reached to the listing price range and started showing some early signs of reversal. The current prices action suggests that stock is looking good for new all time high. Buy and hold for long term perspective keeping SL of 600 (Clbs).
NIFTY Intraday Trade Setup For 4 Sep 2024NIFTY Intraday Trade Setup For 4 Sep 2024
Bullish-Above 25350
Invalid-Below 25300
T- 25492
Bearish-Below 25230
Invalid-Above 25280
T- 25025
NIFTY has closed on a flat note today. Nothing triggered as per trade setup so same levels are valid for tomorrow. Index was overall momentum less. This momentum less market will continue till VIX is below 15. Kindly avoid huge exposure in direction trading especially in option buying as market is dull. 25350 and 25230 are intraday levels for tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25350 then we will long for the target of 25492.
For selling we need a 15 Min candle close below 25230. T- 25025.
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.
Nifty Intraday Support & Resistance Levels for 03.09.2024On Monday, Nifty opened with a gap up, hitting a new all-time high of 25333.65, which was also the open and high for the day, before closing at 25278.70. The weekly trend (50 SMA) is overbought, while the daily trend (50 SMA) remains positive.
Support Levels:
Near Minor Demand/Support Zone (30m): 25117 - 25165
Near Demand/Support Zone (15m): 25003 - 25047
Near Demand/Support Zone (Daily): 24771 - 24859
Near Demand/Support Zone (125m) for Weekly Trade: 24543 - 24605
Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340
As of now, there are no supply zones visible on the chart.