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.
Nifty50intraday
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.
Simple Trade Setup | NIFTY | 12-10-2021 [ INTRADAY]NSE:NIFTY
Trade Setup for Date 12-10-2021:
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 | 11-10-2021 [INTRADAY]NSE:NIFTY
Trade Setup for Date 11-10-2021:
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 respsective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 05-10-2021 [INTRADAY]NSE:NIFTY
Trade Setup for Date 05-10-2021:
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 respsective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 04-10-2021[ INTRADAY]NSE:NIFTY
Trade Setup for Date 04-10-2021:
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 respsective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 29-09-2021 [INTRADAY]NSE:NIFTY
Trade Setup for Date 29-09-2021:
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 respsective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 28-09-2021 [Intraday]NSE:NIFTY
Trade Setup for Date 28-09-2021:
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 respsective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 27-09-2021 [INTRADAY]NSE:NIFTY
Trade Setup for Date 27-09-2021:
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 respsective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 22-09-2021 [INTRADAY]NSE:NIFTY
Observations:
1) Today, On Daily time frame it took perfect support from 10DMA and made bullish candle.
Please refer below chart : Daily time frame.
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Trade Setup for Date 22-09-2021:
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.
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Points to consider.
a) If it opens flat to positive, between 17600-17575 then wait for 15min.
If it breakout 17600 and come back to test support from 17575-17600 range and gets support then it will be quick buy trade with target of all above levels and strict SL of 17575.
If it break down 17575 and comes up and faces resistance from 17575-17600 level then it will be quick short trade till below levels with Strict SL of 17600.
b) If it opens flat to negative 17500-17533 then wait for 15min.
If it breakout 17533 and come back to test support from 17500-17533 range and gets support then it will be quick buy trade with target of all above level and strict SL of 17500.
If it break down 15533 and comes up and faces resistance from 17500-17533 level then it will be quick short trade till below levels with Strict SL of 17533.
c) 17400-17440 is critical support zone. Immediate Support is 17500 and immediate resistance is 17600. Sustainable Breakout of 17600 will give easy move till 17650-17686. And breakdown of 17500 will lead to below level till 17440
d) If it open gap up above 15600 then goes down to take support from 17575-17600 range and if it gets support from it then it will be buy trade with SL of 17575.
Also if it goes below 17575 and gets support from any below level then it will be quick buy trade with strict SL. One can short if it breaks 15600 but it will be quick short trade with SL.
e) If it breaks 17400 level then it will be short trade with strict SL 17440.
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 respsective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 20-09-2021 [ INTRADAY]NSE:NIFTY
I have come up with a bit new way to present NIFTY trade setup.
Hope you like it. Please give your feedback.
Trade Setup for Date 20-09-2021:
All the Scenario are considering with Gap down opening on Monday, 20-09-2021.
Scenario-1
a. Gap Down opening between 17471-17500 range.
b. Faces resistance from 17500. Quick short trade with SL of 17533 and target of 17440-17400.
c. Gets support from 17400-17440 range. Quick buy trade with SL of 17370 and Target of 17500/17533.
d. Breakout of 17533 . Quick Buy Trade with Target of 15757. SL 17490
e. Holds and gives breakout of 17575.
f. After Sustainable breakout of 17575 Quick Buy trade with Target with Target of 17600 , 17622 , 17650. SL 17550.
Please refer below chart for Scenario-1
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Scenario-2
a. Gap Down opening between 17471-17500 range.
b. Faces resistance from 17500. Quick short trade with SL of 17533 and target of 17440-17400.
c. Gets support from 17400-17440 range. Quick buy trade with SL of 17370 and Target of 17500/17533.
d. Breakout of 17533 . Quick Buy Trade with Target of 15757. SL 17490
e. Holds and couldn't give breakout of 17575 and faces resistance from it. Then it will be quick short trade till 17533 , 17500 , 17471 .SL will be 17610.
Please refer below chart for Scenario-2
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Scenario-3
a. Gap Down opening between 17471-17500 range.
b. Faces resistance from 17500. Quick short trade with SL of 17533 and target of 17440-17400.
c. Holds around 17400 level but couldn't break 17440. Then avoid any trade.
d. Faces resistance from 17440 but still in range of 17400-17440 then avoid trade.
e. Give sustainable Breakdown of 17400 then it will be quick short trade with target of 17350 , then it faces resistance agains from 17367 then next target will be 17318 . SL will be 17440.
Further it can also go till 17272. This will be ultimate target.
Please refer below chart for Scenario-3
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Scenario-4
a. Gap Down opening between 17400-17440 range.
b. Faces resistance from 17470-75 range then it will be Quick short trade with SL of 17500 and Target of 17440-17400.
c. Book profit at 17400 and then it jumps to test the resistance at 17440 .
d. Faces resistance at 17440. Do nothing.
e. Give sustainable Breakdown of 17400 then it will be quick short trade with target of 17350 , then it faces resistance agains from 17367 then next target will be 17318 . SL will be 17440.
Further it can also go till 17272. This will be ultimate target.
Please refer below chart for Scenario-4
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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 respsective level considering how price action works near that level.













