NIFTY Intraday Trade Setup For 1 Jul 2024NIFTY Intraday Trade Setup For 1 Jul 2024
Bullish-Above 24180
Invalid-Below 24130
T- 24410
Bearish-Below 23980
Invalid-Above 24030
T- 23800
NIFTY has closed on a bullish note last week with over 2% gain. It was completely on bulls grip from the start of last week, except Friday. We will maintain bullish view till it closes above PDL. Sentiment will change when it closes below PDL and then is confirmed by bearish price action. In case of a pullback move, it can test 23640 which is 61% retracement of the upmove, less probable.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410.
For selling we need a 15 Min candle close below 23980. T- 23800
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 weekly analysis for 24/06/24.Banknifty on the weekly charts has given a good bullish candle and created a new life time high. It is holding the higher levels and on the monthly candle it has already given a 5% move.
Nifty is taking a halt while banknifty is trading on the higher levels.
The index has been trading around the same levels for the last 2 trading sessions. In case of a break down, it can test the lower levels around 50k.
While the market has travelled to higher levels, there must be a retracement before another bullish leg.
Support levels :- 51200, 50730, 50200
Resistance levels :- 51860, 51930-50
Bullish trades are risky as the market is trading in an uncharts zone and can reverse from any level (even the ATH is around 52k level).
Wait for the price action near the levels before entering the market.
Head and shoulder in Reliance Industries.Major support levels :- 2575, 2550, 2531
Resistance:- 2600, 2620
If it takes out the upper level of 2620 and closes above it on weekly chart, it can give nice up move. Positional stock or stock future trades can be initiated.
Intraday trades can be taken on both the side. Bearish trade for an intraday trade can be initiated on the breakdown of the H&S pattern on the hourly candle close.
Wait for the price action near the levels before trading.
NIFTY 50 ANALYSIS & LEVELS FOR NEXT WEEKNIFTY is showing signs of exhaustion and potential reversal.
(Note: Ghost feed candles are for illustration only).
NIFTY may consolidate around the Pivot level as marked next week.
Breakout above the Previous ATH may fail once or twice before the trend reverses or continues for another week or two.
Please do NOT try to pick the Top yet.
Nifty50 ( 28th June) 1/2There's a GAP pending below at 24050 to fill, if sustains above then bullish to above level 📈
If closing under 24050 in any hourly candle then bearish 📉 📉 to 23989 --- 23884
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
NIFTY Intraday Trade Setup For 28 Jun 2024NIFTY Intraday Trade Setup For 28 Jun 2024
Bullish-Above 24100
Invalid-Below 24050
T- 24295
Bearish-Below 23900
Invalid-Above 23950
T- 23715
NIFTY has closed on a bold bullish note @ 24044 which is level to celebrate for bulls. Since it has closed above 24k chances of a gap up is very high, in that case 24200 can be resistance. Best intraday trade can be done on bullish side in case of pullback breakout of 24100 as happened today. If this is triggered then we will sit with trailing sl in 5 Min TF, 24295 and 24500 zone as final targets.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 24100 then we will long for the target of 24295 and 24500.
For selling we need a 15 Min candle close below 23900. T- 23715.
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 (27th june) 1/3If closing sustains below 23972 in hourly candle then 📉 📉 could test below price levels ( Long unwinding)
If any daily candle closing sustains above that red line or 24045 then bullish 📈 ( will update above levels if it happens)
23972 --- 24045. (NO TRADE ZONE )
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty50 (26th june) 1/2White trend line is imp.
If closing above 23789 in hourly 🕯 then 📈 📈 could test above resistance 23980 -- 24044
If any hourly candle closes below 23789 then 📉 📉 could test support on the Dash line or 23664
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
#NIFTY Intraday Support and Resistance Levels -26/06/2024Nifty will be FLAT opening in today's session. After opening nifty start trading Above 23760 level and then possible upside rally up to 23880 in today's session. in case nifty trades below 23700 level then the downside target can go up to the 23580 level.
NIFTY Intraday Trade Setup For 26 Jun 2024NIFTY Intraday Trade Setup For 26 Jun 2024
Bullish-Above 23760
Invalid-Below 23710
T- 23918
Bearish-Below 23630
Invalid-Above 23680
T- 23460
NIFTY has closed on a bullish not with 0.78% gain today. It opened with a small gap up of 39 points above our buy level. Then 10 o'clock range broke upside above 23620 and gave a fantastic move till 23750. Tomorrow 23630 is going to be crucial level as it can act as a support zone but incase support is not taken and it sustains below this level then a good short side move can be seen tomorrow. For bullish move best will be pullback breakout of 23760.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23760 then we will long for the target of 23920.
For selling we need a 15 Min candle close below 23630. T- 23460.
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 Back in the Ascending ChannelNIFTY is back within it's short term ascending channel showing strong Bullish Trend continuation which may take it towards 23900.
However the momentum was primarily in HDFC and ICICI today, with other index heavyweights muted. There is selling pressure in IT and it may negate the View if it drags NIFTY below the marked trendline support.
Take a look | min 20% return | swingFundamentally good stock,
For long term investment.
.
.
Entry: 535
target: 555 -585- 651
sl: 506
major stoploss / support: 485
.
Enter only after breaking & close above " Yellow box" mentioned.
Or else wait for some time.
'
;good for long term investment.
'
'
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
refer old ideas attached below
#NIFTY Intraday Support and Resistance Levels -25/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23570 level and then possible upside rally up to 23690 level in today's session. in case nifty trades below 23530 level then the downside target can go up to the 23420 level.
NIFTY Intraday Trade Setup For 25 Jun 2024NIFTY Intraday Trade Setup For 25 Jun 2024
Bullish-Above 23570
Invalid-Below 23520
T- 23745
Bearish-below 23350
Invalid-Above 23400
T- 23185
NIFTY has closed on a slight positive note today with 0.16% gain. It opened gap down and tested the support or sell level immediately. However 10 o'clock range was to be used as per trade setup, range broke upside above 23450 and gave a good move till 23550. I feel like the trend is missing and one should wait for clear price action in daily TF for a trend in short term. 23570 and 23350 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23570 then we will long for the target of 23745.
For selling we need a 15 Min candle close below 23350. T- 23185.
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 (20th june) 1/1Closing below 23577 in hourly could be bearish 📉 📉 to 23313
( It could move upward to HUNT STOP LOSS 23616 )
Any Hourly closing above 23577 -- 23616 is bullish ( chances are low for today )
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty weekly anlysis for 25/06/24.Nifty on the weekly time frame has formed a doji candle and closed only 35 points higher.
Market is stretching a lot and there are chance of showing some profit booking or reversal as the candle on the dialy charts suggest.
For last 5 trading sessions, nifty has remained in a 200-250 points zone.
If nifty starts trading below 23415 levels, it can test minor support levels around 23300 and travel towards 23230 levels.
Major support levels :- 23230, 22925
Resistance levels :- 23659
Nifty from the low of this month has travelled 970 points while still 5 trading session are there.
In case of a break out, the market will be in an uncharted area can travel to the next thousands.
On smaller time frame( 60 minute), nifty is trading below the 20 ema, resting on 50 ema and there can be chances of it testing the lower moving average.
Watch for the moving averages trading strategy giving a entry or a fake down.
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 24 Jun 2024NIFTY Intraday Trade Setup For 24 Jun 2024
Bullish-Above 23680
Invalid-Below 23630
T- 23917
Bearish-Below 23390
Invalid-Above 23440
T- 23185
NIFTY has closed almost on a flat note last week. It has formed a spinning top candle in weekly TF which indicates halt or reversal of the uptrend. In case low- 23390 is crossed then it can act as a reversal signal in the short term. Above 23680 index may resume slow and steady upmove. Last week it was directionless market, we can expect directional move in the coming week. Be neutral till index is inside 23680 and 23390.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23680 then we will long for the target of 23917.
For selling we need a 15 Min candle close below 23390. T- 23185.
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.
Low risk-high return : min10% returns : Take a lookHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "315"
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If you are interested in investment, go for it with proper risk,
.
.
Overall " biocon" fundamentally good stock.
.
.
Enter only if market Breaks
"Yellow box" mentioned.
.
Wait for proper reversal and conformation.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer over old posted idea attached below.
low risk-high return; min 30% ROI ; swingAdd this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
.
Wait for small retracement & daily candle to close above - " 110 ".
Avoid Trade untill ENTRY level.
.
Entry: 110
target: 120- 144-150
sl: 102-95
major stoploss/ support: 94
.
.
Enter only if market Retrace and Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
.
Refer over old posted idea attached below.
#NIFTY Intraday Support and Resistance Levels -20/06/2024Nifty will be FLAT opening in today's session. After opening nifty start trading Below 23560 level and then possible downside rally up to 23380 in today's session. in case nifty trades Above 23560 level then the upside target can go up to the 23680 level.
NIFTY Intraday Trade Setup For 20 Jun 2024NIFTY Intraday Trade Setup For 20 Jun 2024
Bullish-Above 23670
Invalid-Below 23620
T- 23865
Bearish-Below 23400
Invalid-Above 23450
T- 23190
NIFTY has closed on a slight bearish note with 0.18% cut today. It was a volatile day as it opened with a gap up and then strong sell off came once again it recovered and made a fresh day high. If today's high is not crossed tomorrow morning then it can be a bearish day tomorrow. However since 10 Jun index has been trading between the plotted channel. We need breakout for a good trendy move or else it will continue choppy moves.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23670 then we will long for the target of 23865.
For selling we need a 15 Min candle close below 23400. T- 23190.
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.