Simple Trade Setup | NIFTY | 21-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame, it is now near to the 200DMA.
200DMA is placed at 16252.22 level and 100DMA is placed at 17324.55 level.
200DMA will work as major support.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame,we can plot the immediate support 16358-16400 and major support is at 16200 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 21-12-2021
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.
Nifty50intraday
Simple Trade Setup | NIFTY | 14-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame,it today it close below 21DMA.
21DMA is placed at 17453.81
Immdiate support is at 17355 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 14-12-2021
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 | 13-12-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On 1hr time frame, we can see that it has formed double bottom pattern.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 13-12-2021
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 | 09-12-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame,Today, it trade above 10DMA.
But still trading below 21DMA.
10DMA is support now and 21DMA will be immdiate resistance now.
10DMA is placed at 17192.38. Hence we can say that 17190-17200 is major support now.
21DMA is placed at 17527.08 level. Hence we can say that 17520-17530 is resistance.
Please refer below chart : 1 day Time Frame.
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Today it couldn't give much move above our ultimate level of 17460 as per our previous tradesetup but it was able to close above it.
17460 is immediate support now.
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Trade Setup for Date: 09-12-2021
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 | 08-12-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, today it faced resistance from 100DMA. sustainable breakout of 100DMA will make it bullish.
100DMA is placed at 17195.97 level.
So, we can say that 17195-17200 is immediate resistance.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 08-12-2021
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 | 02-12-2021 [ INTRADAY]NSE:NIFTY
Trade Setup for Date: 02-12-2021
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 | 01-12-2021 [ Intraday ]NSE:NIFTY
Observations:
1) On 1day time frame, it is still below 100DMA.
Today it failed to make rising star pattern.
100DMA is placed at 17125.51, which is a resistance zone now.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 01-12-2021
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 | 24-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, it is still above 100DMA but below all of other short term Moving Average. Such as 10, 21 and 50 DMA.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 24-11-2021
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 | 23-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, it is made very bearish candle.
Next moving average which will work as major support is 100DMA.
100DMA is placed at 17035.54.
Immdiate support range is 17355 - 17400 level range.
And major support range is at 17182-17200 level range.
We can also see head and shoulder pattern.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 23-11-2021
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 | 17-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame,it closed just below the support trendline.
Please refer below chart : 1 day Time Frame.
2) Also On daily time frame, it just closed above 10DMA.
10DMA is placed at 17984.99 level.
But it has closed below 21DMA.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 17-11-2021
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 | 16-11-2021 [ INTRADAY]NSE:NIFTY
After such a flat closing our trade setup and levels are still the same as per previous setup.
Observations:
1) On daily time frame, it sustain and took support from 21DMA which is placed at 18081.33 level.
Also it is trading above the support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 16-11-2021
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 | 15-11-2021 [ INTRADAY] NSE:NIFTY
Observations:
1) On daily time frame, it finally closed above 21DMA. Which is a positive sign. But for up move it has to sustain above it.
21DMA is placed at 18083.82 level.
Please refer below chart : 1 day Time Frame.
2) Also on Daily time frame, it opened above support line and closed above the support line with good bullish candle.
This trendline will still work as major support trendline.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 15-11-2021
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 | 11-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, it couldn't cross 21DMA and remained below it. But stayed above 10DMA.
It is still between 10DMA and 21 DMA.
Good thing is, it managed to close above 18000 level.
21DMA is placed at 18081.99
10DMA is placed at 17943.44
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it is still trading above major support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 11-11-2021:
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 | 10-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, it faced resistance from 21DMA and closed below it.
It is still between 10DMA and 21 DMA.
Good thing is, it managed to close above 18000 level.
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it is still trading above major support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 10-11-2021:
Most of the levels and trade setup remains same as per previous.
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 | 09-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that it just closed above 21DMA which is placed at 18064.09 level.
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it managed to close above the support trendline.
Which is a good sign as far as it is above this trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 09-11-2021:
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 | 08-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that it again back and closed on the support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 08-11-2021:
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 | 03-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 15min time frame, on 02-11-2021, it has sustain and taken support from the major support trendline.
Please refer below chart : 15 min Time Frame.
2) On daily time frame, it is still holding the support trendline. If it gives breakdown of this trendline on daily time frame then it will be bearish.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 03-11-2021:
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 | 02-11-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that 50 DMA range is working as support and before touching it, it gave good upmove movement. Now it is in between 21DMA and 50DMA.
50DMA will work as support. 50DMA is placed at 17592.53
21DMA will work as immediate resistance. 21DMA is placed at 18015.91 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see that it gave breakout of the trendline and closed above it.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 02-11-2021:
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 | 01-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that it has broken the support trendline which was given in previous trade setup.
Now it is near to it's 50DMA which is placed at 17565.31 level.
There will be chance that if it test this level and gets support then we can see a good bounce back.
And this bounce back will be to test the support line which was broken in last session.
One can take trade in this bounce till the trendline.
And once it faces the resistance from the trendline, then it will be short trade.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 01-11-2021:
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 | 29-10-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 15 min time frame, we can see that it closed near to it's critical support zone area 17765-17785 level.
If it sustain above this range then it have chance to go up again. Breakdown of this range will make the market bearish.
Please refer below chart : 15min Time Frame.
2) On 1hr time frame, we can see that it came back to the major support trendline. If you see in previous session it was taking good support from it.
So tomorrow if it sustain and takes support from this trendline then it will be bullish again.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 29-10-2021:
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 | 27-10-2021 [ INTRADAY]NSE:NIFTY
Trade Setup for Date 27-10-2021:
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 | 19-10-2021 [ INTRADAY] NSE:NIFTY
My personal view is Better to avoid trading in INDEX at this moment. .
b]Trade Setup for Date 19-10-2021:
Most of the levels will remains the same as per previous setup.
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.