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NIFTY Intraday Trade Setup For 30 May 2024NIFTY Intraday Trade Setup For 30 May 2024 Bullish-Above 22810 Invalid-Below 22760 T- 23000 Bearish-Below 22680 Invalid-Above 22730 T- 22480 NIFTY has closed on a bearish note with 0.8% cut today. It was a low volatility day as overall range it traded was 22800 and 22700. It opened with a decent gap down of 125 points and in this case 10 o'clock range was to be used. Range broke downside below 22760 and gave 50 points move which was 1:1. Tomorrow if there is another gap down then I will watch for the 1st 5 Min candle's breakout either side. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22810 then we will long for the target of 23000. For selling we need a 15 Min candle close below 22680. T- 22485. 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 monthly expiry analysis for 30/05/24.Today nifty after a gap down opening has remained in a 100 points range closing 83 points lower. The daily candle is looking bearish and chance of testing 22580 levels are high, if it starts trading below today's low of 685. Nifty is trading between the moving averages and 20 ema is around the support zone. A bullish leg is there in the market and it is the retracement or profit booking before the election results. On fib levels it can test 38.2% levels. If the levels are breached soon, 580 levels will be tested . Major support levels :- 22680, 22620 Resistance :- 22800, 22880 Tomorrow is monthly expiry and upcoming week there is election results. Bullish reversal can be a possibility in case of a gap up opening. Flat to slightly gap down opening there will negative sentiment on intraday. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 29 May 2024NIFTY Intraday Trade Setup For 29 May 2024 Bullish-Above 23000 Invalid-Below 22950 T- 23230 Bearish-Below 22850 Invalid-Above 22900 T- 22630 NIFTY has closed on a bearish note with 0.19% cut today. Index traded inside yesterday's range and did not trigger any trade. In the weekend we discussed that after ATH breakout, chance of a small pullback or consolidation is high which seems to be in action. Now 23110 will be trigger for a strong bullish impulse. If short triggers below 22850 then we will be alert near 22745 as it can act as a CIP support. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23000 then we will long for the target of 23200+. For selling we need a 15 Min candle close below 22850. T- 22630. 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 28 May 2024NIFTY Intraday Trade Setup For 28 May 2024 Bullish-Above 23030 Invalid-Below 22980 T- 23230 Bearish-Below 22870 Invalid-Above 22920 T- 22630 NIFTY has closed almost on flat note with minor cut of 0.11% today. It opened with 80 points gap up and then buy triggered near 12 o'clock which did not hit our target and revered to day low taking out our sl midway. Tomorrow 22745 will be an confluence level as that will be a CIP level after ATH breakout. Be alert at this zone for a bullish reversal structure. Below 22870 bears will try to take grip. Above 23030 we will plan long but we need a rejection first. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23050 then we will long for the target of 23230. For selling we need a 15 Min candle close below 22870. T- 22630. 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 27 May 2024NIFTY Intraday Trade Setup For 27 May 2024 Bullish-Above 23040 Invalid-Below 22990 T- 23210 Bearish-Below 22900 Invalid-Above 22950 T- 22745 NIFTY has closed on a strong bullish sentiment with 2% gain last week. Index broke the weekly range of 22800 and 21800 in the upside. On 23 May EOD we discussed that index target can be set to 23850 zone as per FIB extension and range calculation. Before moving towards 23850 zone there can be small pullback or consolidation so 23050 will be trigger point for upside rally. Below 22900 pullback move can be triggered. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23040 then we will long for the target of 23210. For selling we need a 15 Min candle close below 22900. T- 22745. 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 24 May 2024NIFTY Intraday Trade Setup For 24 May 2024 Bullish-Above 23000 Invalid-Below 22950 T- 22210 Bearish-Below 22790 Invalid-Above 22840 T- 22575 NIFTY has closed a record high with 1.64% gain today. Index has given a strong breakout of the weekly Range. FIIs have also turned buyer today after a long time. Chances of a 90 degree angle move is high followed by a consolidation breakout now. Next stop seems near 23850 in daily TF as per range calculation. Tomorrow above 23000 there can another strong move in intraday and best suited will be on flat opening. 22790 will be intra support. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 23k then we will long for the target of 23210. For selling we need a 15 Min candle close below 22790. T- 22575. 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
SUDARSCHEM | Swing Trade📊 DETAILS Sector: Dyes & Pigments Mkt Cap: 3,914 cr Sudarshan Chemical Industries manufactures and sells a wide range of Organic and Inorganic Pigments, Effect Pigments. The Group also manufactures Pollution Control Equipment, Size Reduction Equipment and Grinding Equipments for industrial applications.(Source : 202003 Annual Report Page No:203) TTM PE : 11.79 (Low PE) Sector PE : 39.65 Beta : 0.52 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 4.57% away from 52 week high Outperformer - Sudarshan Chemical Industries up by 8.58% v/s NIFTY 50 up by 1.93% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SUDARSCHEMLong
by Munish_Jain
1
LINDEINDIA | Swing Trade📊 DETAILS Sector: Diversified Mkt Cap: 61,619 cr Linde India Limited, a subsidiary of BOC Group,UK (owns 75% stake in the co), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non cryogenic air separation plants. TTM PE : 143.99 (High PE) Sector PE : 92.26 Beta : 0.79 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 8.04% away from 52 week high Outperformer - Linde India up by 30.76% v/s NIFTY 50 up by 0.25% in last 1 month 📈 FINANCIALS Piotroski Score of 9/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:LINDEINDIALong
by Munish_Jain
2
NIFTY - COMPRESSION PHASEWhen the price is at an all-time high, the best way to gauge the trend's strength is to observe its reaction to its previous range. Large and impulsive expansion stages indicate a strong trend. However, when examining the NIFTY chart on the daily timeframe, the price consistently revisits the extreme discount pricing of its previous range, immediately after breaking the high. This pattern signals weakness and suggests a potential free fall towards 20,700. Price can make one more ATH before the fall. Additionally, the election results scheduled for June 4, 2024, could serve as the trigger for this anticipated decline.
NSE:NIFTYShort
by Vulnerable_human_x
SOLARINDS | Swing Trade📊 DETAILS Sector: Commodity Chemicals Mkt Cap: 71,511 cr Solar Industries is one of the worlds leading manufactures bulk explosives, packaged explosives and initiating systems, which find applications in the mining, infrastructure and construction industries. SIL also ventured into the defense segment in 2010 and diversified into manufacturing of propellants for missiles and rockets, warheads and warhead explosives. TTM PE : 88.64 (High PE) Sector PE : 104.91 Beta : 0.33 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 5.22% away from 52 week high Outperformer - Solar Industries India up by 12.74% v/s NIFTY 50 up by 2.72% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SOLARINDSLong
by Munish_Jain
1
COALINDIA | Swing Trade📊 DETAILS Sector: Coal Mkt Cap: 292,483 cr Coal India Ltd is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns etc. TTM PE : 8.99 (High PE) Sector PE : 18.79 Beta : 1.25 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 2.67% away from 52 week high Outperformer - Coal India up by 6.53% v/s NIFTY 50 down by -0.17% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:COALINDIALong
by Munish_Jain
Nifty - Intraday levels & Prediction for - 21 May 2024Nifty Prediction for Tomorrow and Current Week: Trend : BEARISH Sentiment : Positive Expectation : Moderately BEARISH Nifty expected to be in range between 22625 & 22300 support and resistance Level this week respectively. Tomorrow Nifty likely to Open flat and BEARISH fall might be there as retracement trend up to 22350 level before it moves on the higher side. However the weekly trend is going to be sideways this week so we cant expect trending move until the Election Result. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:NIFTYShort
by ViVenTraders
Nifty on Radar - Weekly Review | 18 MayWeekly Marubozu bullish candle piercing the STMA band. 22800 could be tested, if broken then we have 23000+ levels and the potential target is 23800 on the projection scale. According to the volume profile the level of 22050 could act as a strong support and according to chart structure the support is 21800. For momentum reading the resistance is 22600. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
NSE:NIFTYLong
by ssvirdi
NIFTY Intraday Trade Setup For 17 May 2024NIFTY Intraday Trade Setup For 17 May 2024 Bullish-Above 22450 Invalid-Below 22400 T- 22675 N-ATH Bearish- Below 22240 Invalid-Above 22290 T- 22050 21800 NIFTY has closed on a bold bullish note with 0.92% gain today. It was moving randomly but last leg move established and closed on a bold bullish note. Index has formed a long wick rejection candle like 13 May. So will simply trade the current trend and sentiment in power. Above today's high on a flat opening we will get get the best trade. Look like Index is all set for a fresh ATH. 22240 will act as a support zone but below this will short. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22675. For selling we need a 15 Min candle close below 22240. T- 22050. 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