NIFTY Intraday Trade Setup For 8 Aug 2024NIFTY Intraday Trade Setup For 8 Aug 2024
Bullish-Above 24390
Invalid-Below 24340
T- 24650
Bearish-Below 24180
Invalid-Above 24230
T- 23900
NIFTY has closed on a positive note with 1.27% gain today. However whole gain is the same points it gaped up. It was sideways within 150 points range in intraday. Today's low is very important as the daily candle is a Pinbar and a double force move can be seen below 24180. In case it opens flat and 24390 is sustained then we will head towards 0.618 zone of the fall we witnessed in last few days.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24390 then we will long for the target of 24650.
For selling we need a 15 Min candle close below 24180. T- 23900.
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.
Nifty50
BANKNIFTY IMPORTANT LEVELS FOR TOMORROW, 7TH AUGUST NSE:BANKNIFTY ANALYSIS FOR TOMORROW 🔺
❇️ IMPORTANT LEVELS 🚀
❇️ Support: 49750-49500-49154.
❇️ Resistance : 50214-50431-50800-51310
👉🏻 PURPLE LINE is a key level, above buying, Below selling.
👉🏻 YESTERDAY'S CLOSING IS IMPORTANT.
👉🏻 @thetradeforecast 🇮🇳
Option Trading with Professionals Options are financial contracts that give the holder the right (but not the obligation) to buy or sell a financial instrument (like stocks, funds, commodities, or indexes) at a specific price within a certain time frame.
There are two main types of options:
Call options: Give the right to buy the underlying asset.
Put options: Give the right to sell the underlying asset.
Options derive their value from an underlying asset, and a stock option contract typically represents 100 shares of the underlying stock.
Key Features of Options:
Strike Price: The price at which an option can be exercised.
Expiration Date: The date at which an option expires and becomes worthless.
Option Premium: The price at which an option is purchased.
Nifty 50 By KRS ChartsDate: 1st Aug 2024
Time: 9:12 AM
What is going on in NIFTY 50 ?
1. As we all know Indian markets in continuously in uptrend in recent times so nifty 50 too.
2. Nifty is recently moving in range but sideways with uptrend as we can see in charts for Hourly timeframe.
3. There are clear supports and Resistances are visible in Nifty 50, Today is open with Gap up and Breaks 25000 level for very first time.
4. Nifty can clearly go for 25226 but also it can reach above bigger Resistance too.
FinNifty analysis for weekly expiry 06/08/2024.Finnifty on the daily chart has given a nice fall of 600 points after a gap down opening.
The index has taken support from 38.2% levels and retested the previous support zone (now acting as resistance zone during the closing hour).
If there is a gap down opening below today's low, wait for market to recover and tilt again for the entry.
In case of a gap up opening, chance of a sideways/ halt markets are more and option premiums may decay.
Option premiums are high as the vix has climbed upto 20 levels gaining 42%.
The market are looking bearish and if it wait to recover it has to create a base or take a halt before recover. Sell on rise is the market for now.
Major support levels :- 23630, 23540, 23430
Resistance :- 23835, 23000
Wait for the price action near the levels before entering the markets.
Nifty-50 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the Nifty-50 :
Intraday Trading Levels:
For intraday trading in Nifty-50 , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Bank-nifty 1 hour Levels for swing Traders #Option'sCertainly! 🚀 The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key details and recent trends:
Current Price and Range:
As of the latest data, the Bank Nifty is trading around 51,295.95.
The day’s range has been between 50,438.30 and 51,398.60.
Recent Performance:
Over the past:
1 day: Up by 0.84%
5 days: Up by 0.35%
1 month: Down by 1.96%
6 months: Up by 12.29%
Year to date: Up by 7.54%
1 year: Up by 13.82%.
Intraday Trading Levels:
For intraday trading in Bank Nifty, consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Reliance Industries Approaching Key Demand ZoneReliance Industries ( NSE:RELIANCE ) is approaching a significant daily demand zone. This demand zone is noteworthy due to its historical impact: following its formation, Reliance has broken through previous resistance levels and reached an all-time high.
Key Observations:
Strong Demand Zone: The current demand zone has demonstrated substantial strength in the past. Its formation preceded a major breakout to new all-time highs, highlighting its robustness.
Breakout Confirmation: After this demand zone formed, Reliance surpassed its previous resistance levels, underscoring the demand zone’s significance in driving the upward momentum.
Opportunity: Given the strength of this demand zone, the current price level presents a potential high-reward trading opportunity. Entering trades at this demand zone could offer an advantageous risk-reward ratio.
Disclaimer: This analysis is for informational purposes only and does not constitute trading advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
BANKNIFTY IMPORTANT LEVELS FOR A WEEK, 5TH AUGUST NSE:BANKNIFTY ANALYSIS FOR A WEEK 🔺
❇️ IMPORTANT LEVELS 🚀
❇️ Support: 51200-50960-50720-50620-50480-50300-50120
❇️ Resistance : 51400-51630-51800-52414
👉🏻 Purple line is a key level, above buying, Below selling.
👉🏻 Expecting A FALL from here.. due to world war 3 news and actions. Not predicting CRASH.
👉🏻 @thetradeforecast 🇮🇳
NIFTY Intraday Trade Setup For 5 Aug 2024NIFTY Intraday Trade Setup For 5 Aug 2024
Bullish-Above 24860
Invalid-Below 26810
T- 25045
Bearish-Below 24680
Invalid-Above 24730
T- 24457
NIFTY has closed on a slight bearish note with 0.47% cut last week. It tested psychological level of 25K and this is a huge non-stop run since couple of months. Now 25500 to 25k is going to be a supply zone. 25500 is a PRZ level level as per ABCD pattern in monthly TF. However on Friday it opened with a gap down and sustained that which indicates that we have made a short term top here and bearishness likely to continue for some days or weeks. Overall view will be sell on rise.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24860 then we will long for the target of 25045.
For selling we need a 15 Min candle close below 24680. T- 24457.
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 TRADING LEVELS FOR 01-08-2024Explanation:
This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit
This trading opportunity is based on volume, previous price, and price range , are included
Entry/Exit point's:
- It has very easy entry and exit points
- In this pair of lines with two colors are given (RED AND BLUE)
- In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan)
Stop Loss/Take Profit:
Stop Loss
- According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) )
- A short entry should use the opposite rules to a long entry
Take Profit
-When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit )
- Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry )
Timeframe:
According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this)
Risk Disclaimer:
Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading.
Engagement:
Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together.
What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders!
Comment below and let's get the conversation started!
Original Content:
This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NIFTY Intraday Trade Setup For 31 Jul 2024NIFTY Intraday Trade Setup For 31 Jul 2024
Bullish-Above 25000
Invalid-Below 24950
T- 25250
Bearish-below 24770
Invalid-Above 24820
T- 24535
NIFTY has closed once again on an absolute flat note today. Nothing triggered as per trade setup so there is nothing new to discuss, setup is same like yesterday. BTW it has formed a shooting star candle in daily TF also being an inside candle. Below 24770 there can be good selling pressure. Above 25k there is a fair chance of a strong bullish momentum. Inside this range we will maintain a non directional approach.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 25k then we will long for the target of 25250.
For selling we need a 15 Min candle close below 24770. T- 24535.
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.
Nifty50 Support And Resistance 30-July-24
Please find below simple resistance and support
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
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Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
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