Nifty50 Support And Resistance 8-Aug-2024Nifty50 Support And Resistance 8-Aug-2024
Please find Above simple resistance and support
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Nifty50intraday
Nifty 50 ( 19th April )Any hourly closing above 21911 then upward momentum 📈 to price level marked on the chart
Closing below 21804 📉 📉 in any 1hr 🕯 then more corrections is possible
21804 --- 21910 ( No trade zone ) sideways
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
30th Oct ’23 - Nifty50 Shows Strength, but bullish only >19310Nifty Analysis
Recap from yesterday: “A simple Fibonacci level places the 23.6% retracement level at 19083 and 38.2% at 19227. Ideally, the bearish trend could still be intact until 19227 but the problem is that we cannot predict with certainty if that would come in this weekly series or not. For Monday, I wish to go with a neutral stance and choose the direction based on how markets move in the forenoon session.”
We opened inline and then started falling rapidly. We hit the intraday low of 18940 at 09.40 and things were looking quite bleak then. I was gearing up for going short, but we had a sharp reversal from there. The recovery was exactly 1% ~ 189.7pts to hit a new swing high of 19129 by 12.00.
Nifty50 did not stop there, it attempted leg2 till 13.35 and then leg3 till close. Somehow the price action of yesterday and today combined shows early signs that the bears are getting outnumbered.
Even though we added 93pts today, I have still not changed my stance to bullish. 19226 is my first level to watch out which coincides with the 38.2% retracement level of the recent fall. Then the most important zone of 19310. Ideally, I wish to go long only if the 19310 resistance is taken out.
The options data also shows bullishness, but bear with me for a while here. I do not wish to jump the gun early and go long. I prefer to do that only if the bulls are that strong. In case the bears would like to make a comeback this week - 18880 level has to be broken quickly. The longer it stays above this zone, its going to be tata bye bye bears.
Nifty 50 IntraDay Chart Analysis 25th July 2023If Opening Flat - Between Range = 19653 to 19780 .
* After Consolidation of minimum 25-30 minutes in the Flat range if candle closes above 19780 then 1st Target is 19815 and 2nd Target is 19843.
* After Consolidation of minimum 25-30 minutes in the Flat range if candle closes below 19653 then 1st Target is 19600 and 2nd Target is 19571.
* I will avoid trading in the Flat zone.
NIFTY important support resistance areasNSE:NIFTY intraday targets for nifty tomorrow 17th feb based of fresh support resistance levels cretated today and yesterday on 1 hour time frame.
Nifty 50 Intraday Level Nifty 50 Intraday 6 Feb Target 17825+
(Post Time : 12:02)
Follow for daily Strategy Free
NIFTY important support resistance areasNSE:NIFTY important levels to trade in intraday , important support resistance areas
NIFTY 50 30-AUG-2022 PROFIT BOOKING PROFIT BOOKED 1:3.5💯💯
Used 5min Time-frame for Trading
Yesterday I gave my levels and setup for trade.
But as today market opened gap up, I updated new Levels.
Kindly check my Yesterday post pinned below.I have updated new levels in morning as market opened gap up
Used past analysis to find support and resistance level on 15min time frame.
On 5min Time-frame waited for breakout or breakdown.
As NSE:NIFTY breakout, ON 5min Time-frame then waited for pullback+Confirmation and took trade at 11:05
Hence profit booked.
What if didn't go my way?
Simple take my stop-loss. Because we can increase chances of profit by strong analysis. But no analysis is 100% perfect. Just obey stop-loss or Take profit.
You will be profitable.
Like and comment below your views
NIFTY 50 Analysis for 30-AUG-2022Nifty50 Intraday Analysis NSE:NIFTY
Kindly change to 5min Time-frame
As on chart we can see there is RED LINE= Resistance.
GREEN LINE= INTRADAY HIGH=SUPPORT
On 29 Aug market opened huge downside then traded due to fall in DowJones. HENCE NO TRADE FOR TODAY
CONDITION FOR TRADE::
BUy ABOVE 17382
SELL BELOW 17280
Simple Trade Setup | NIFTY | 24-03-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 24-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty stays there 17000Nifty still holds strength at 17000 mark and no strong movement seen to be breaking low. Possibilities for now that it could reach till 16600 in coming days and but not lesser than that as per current indicators.
Nifty still holds good at 16900-17000 at support.
Let’s wait for budget.
** strictly for education purpose only
Simple Trade Setup | NIFTY | 21-01-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1 day time frame, we can see it closed just above 20DMA.
20DMA is placed at 17745.56.
And it is at 61.80% retracement level from top to down Fib Retracement.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see range of 17600-17650 is very critical as it was working as support and resistance before.
If it trades above this range then we can see some up move. And below this range it will continue down journey.
Please refer below chart : 1hr Time Frame.
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Trade Setup for 21-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 17-01-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1hr time frame, we can see that it is in range since last 3 days. But it is giving closing with green candle on daily time frame.
This range is from 18155-18270.
Breakout on either side will give directional move.
Please refer below chart : 1hr Time Frame.
2) On 15min time frame, it is still trading in support channel. And not giving breakdown of this channel.
Please refer below chart : 15 min Time Frame.
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Trade Setup for 17-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 11-01-2022 [ INTRADAY ]NSE:NIFTY
Trade Setup for 11-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 10-01-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 15 time frame, it has formed bearish flag and pole pattern.
If this pattern gets activated then we can see fall in NIFTY.
Please refer below chart : 15 min Time Frame.
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Most of all the levels will be same as per previous
Trade Setup for 10-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 07-01-2022[INTRADAY]NSE:NIFTY
Trade Setup for 07-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 05-01-2022[INTRADAY]NSE:NIFTY
Trade Setup for 05-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 03-01-2022 [ INTRADAY]NSE:NIFTY
Wishing you all a happy new year. All the best for this new year 2022.
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Observations:
1) On 1 day time frame, it is trading just below 100DMA which will be major resistance.
And it is trading above 21DMA which will be major support.
21DMA is placed at 17163.79 and 100DMA is placed at 17425.43 level.
Please refer below chart : 1 day Time Frame.
2) Also On 1 day time frame, we can see it is closed just below the major resistance channel.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 03-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 31-12-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On 1 day time frame, it has been trading above 21DMA since last 3 days.
But it is still trading below 50DMA.
Please refer below chart : 1 day Time Frame.
2) On 1 hr time frame, we can clearly see that is has been stuck in range since last 3 days.
Breakout on either side will give good move.
Please refer below chart : 1 hr Time Frame.
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Trade Setup for Date: 31-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 28-12-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On 15 min time frame, today it closed above the resistance trendline.
Please refer below chart : 15min Time Frame.
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Still trade setup and levels will be same as per previous.
Trade Setup for Date: 28-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 27-12-2021[INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, it face resistance from the 100DEMA and also close below yesterday's low.
But provisional closing is just above 17000 psychological level.
Now the clear trend will be on Monday. But overall OI data has formed a bit negative.
100EMA is placed at 17143.17, which will be major resistance now.
Immediate support is at 16940 and major support is at 16900 level.
Please refer below chart : 1day Time Frame
2) On 15min time frame, we can see temporary resistance and support trendline.
Breakout on either side will give in the that direction.
Please refer below chart : 15min Time Frame
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Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 23-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame, it is between 100DMA and 200DMA.
100DMA is placed at 17347.25
200DMA is placed at 16274.39
Immediate support is at 16800 level.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, we can see that it is now above the temporary trendline.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
