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Nifty Intraday Support & Resistance Levels for 29.08.2024On Wednesday, Nifty reached a new all-time high of 25129.60, but profit booking in the last trading hour led to a nearly 100-point drop from the peak, closing at 25052.35. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 24988 - 25032 Near Demand/Support Zone (Daily): 24771 - 24859 Near Demand/Support Zone (125m) for Weekly Trade: 24543 - 24605 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 Resistance Levels: Near Minor Supply/Resistance Zone (15m): 25111 - 25129.60
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 29 Aug 2024NIFTY Intraday Trade Setup For 29 Aug 2024 Bullish-Above 25130 Invalid-Below 25080 T- 25350 Bearish-Below 24950 Invalid-Above 25000 T- 24770 NIFTY has closed almost on a flat note with slight gain of 0.14% today. It is making a parallel channel however its rising so ideally it will give best momentum in the downside if lower trendline breakout happens. However there is equal probability of breakout in the upside too. Also any daily candle close below PDL will change sentiment to bearish till then approach will be sideways to bullish. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 25130 then we will long for the target of 25350. For selling we need a 15 Min candle close below 24950. T- 24770. 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 Support & Resistance Levels for 28.08.2024On Tuesday, Nifty reached a high of 25073.10, just 5 points shy of its all-time high of 25078.30, before closing at 25017.75. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. The demand and support zones remain unchanged from the previous post. Support Levels: Near Demand/Support Zone (Daily): 24771 - 24859 Near Demand/Support Zone (125m) for Weekly Trade: 24543 - 24605 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 No supply zone is currently visible on the chart.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 28 Aug 2024NIFTY Intraday Trade Setup For 28 Aug 2024 Bullish-Above 25080 Invalid-Below 25030 T- 25250 Bearish-Below 24950 Invalid-Above 25000 T- 24815 NIFTY has closed on a flat note today. We have discussed multiple times that index behavior since last many weeks is mostly trading inside 100 points range, today was another such day. 25100 zone may trigger some volatility as its a confluence zone for buyers and sellers. 25080 and 24950 are intraday levels for tomorrow. Tomorrow we can expect good move above or below today's high/low as daily candle is a spinning top. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25080 then we will long for the target of 25250. For selling we need a 15 Min candle close below 24950. T- 24815. 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 Support & Resistance Levels for 27.08.2024On Monday, Nifty opened with a gap up, reaching a high of 25043.80 before closing at 25010.60, gaining 187 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (Daily): 24771 - 24859 Near Demand/Support Zone (125m) for Weekly Trade: 24543 - 24605 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 No supply zone is visible on the chart as of now.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 26 Aug 2024NIFTY Intraday Trade Setup For 26 Aug 2024 Bullish-Above 24870 Invalid-Below 24820 T- 25058 Bearish-Below 24770 Invalid-Above 24820 T- 24570 NIFTY has closed on a slight bullish note with over 1% gain last week. Index looks ready for a fresh ATH. Last week we discussed when NIFTY was @ 24540 that index is likely to fill the two gaps created in daily TF in the higher side. On Friday a Pin bar candle has been formed so above 24870 we will breakout of last two sessions and as per plotted ABCD, 25058 will be on cards. Below 24770 index may turn bearish in hourly TF and effect will be seen in coming days. Coming to Monday's trade setup, if index opens flat and a 15 Min candle close below 24870 then we will long for the target of 25058. For selling we need a 15 Min candle close below 24770. T- 24580. 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 23 Aug 2024NIFTY Intraday Trade Setup For 23 Aug 2024 Bullish-Above 24880 Invalid-Below 24830 T- 25055 Bearish-Below 24780 Invalid-Above 24830 T- 24600 NIFTY has closed with slight gain of 0.17% gain today. It was another sideways day with less than 100 points range. Intraday momentum and trend is directionless although it is inching higher on closing basis. In the weekend we discussed possibility of both gap filling in daily TF. Since start of this week index is being pulled to those levels. VIX has to shoot up in order to get a directional trading opportunities in intraday. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24880 then we will long for the target of 25055. For selling we need a 15 Min candle close below 24780. T- 24600. 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 Levels | 22-AUG-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
NIFTY Intraday Trade Setup For 22 Aug 2024NIFTY Intraday Trade Setup For 22 Aug 2024 Bullish-Above 24800 Invalid-Below 24750 T- 25030 Bearish-Below 24650 Invalid-Above 24700 T- 24470 NIFTY has closed on a bullish note with 0.29% today. Since last few days index move's have been contracted to 100 points only. In the weekend we already discussed that index is likely to fill both the gaps in daily TF, one is filled and now on path to fill 2nd one. Once again if index sustains 24800 post 10 o'clock then possibility of 25k will be high. Below 24650 bears will grip or else it will be sideways to bullish day tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24800 then we will long for the target of 25030. For selling we need a 15 Min candle close below 24650. T- 24470. 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 Levels | 21-AUG-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
NIFTY Intraday Trade Setup For 21 Aug 2024NIFTY Intraday Trade Setup For 21 Aug 2024 Bullish-Above 24740 Invalid-Below 24690 T- 24960 Bearish-Below 24600 Invalid-Above 24650 T- 24390 NIFTY has closed on bullish note with 0.51% gain today. Buy triggered as per trade setup above 24650 and made a high of 24734, just after small rally of 45 Min it turned total sideways for the rest of the day. As stated in the weekend analysis that we are likely to fill the two gap areas in daily TF, one of them achieved today. Now fair chance of a reversal from the gap resistance area but will be confirmed below 24600 only. Above 24740 it will head towards 25k. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24740 then we will long for the target of 24960. For selling we need a 15 Min candle close below 24600. T- 24390. 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 Levels | 20-AUG-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
NIFTY Intraday Trade Setup For 20 Aug 2024NIFTY Intraday Trade Setup For 20 Aug 2024 Bullish-Above 24650 Invalid-Below 24600 T- 24850 Bearish-Below 24510 Invalid-Above 24560 T- 24300 NIFTY has closed almost on a flat note with minor gain of 0.13% today. It opened with a small gap up of 100 points and then it turned sideways for the whole day. Index traded inside 100 points range so today's range will be important to watch out tomorrow on breakout. 24650 and 24510 are levels to watch out tomorrow. Be neutral inside this range and follow non-directional approach. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 24650 then we will long for the target of 24850. For selling we need a 15 Min candle close below 24510. T- 24300. 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 19 Aug 2024NIFTY Intraday Trade Setup For 19 Aug 2024 Bullish-Above 24570 Invalid-Below 24520 T- 24850 Bearish-Below 24330 Invalid-Above 24380 T- 24100 NIFTY has closed on a slight bullish note with 0.71% gain last week. Index finally gave breakout of 24400 and 24000 daily TF range. Fair chance of both gap filling in daily TF. However recent sentiment was bearish so incase if index closes below 24400 in daily TF then chances of a false breakout will be high. Tomorrow we will plan a bullish trade above 24570 but considerable on a pullback breakout setup. 24330 will be an intra support. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24570 then we will long for the target of 24850. For selling we need a 15 Min candle close below 24330. T- 24100. 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 Levels | 16-AUG-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
NIFTY Intraday Trade Setup For 16 Aug 2024NIFTY Intraday Trade Setup For 16 Aug 2024 Bullish-Above 24200 Invalid-Below 24150 T- 24400 Bearish-Below 24090 Invalid-Above 24140 T- 23900 NIFTY has closed on a flat note on Wednesday, formed a tiny daily candle of less than 100 points range. Since its a neutral candle we cant be biased. We will simply wait for that 100 points range to broken either side. 24200 and 24090 is the range for Friday. In daily TF NIFTY has maintained range of 24400 and 24000. Next week we may get a breakout. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24400 then we will long for the target of 24400. For selling we need a 15 Min candle close below 24090. T- 23900. 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 14 Aug 2024NIFTY Intraday Trade Setup For 14 Aug 2024 Sell_1- From 24340 Invalid-Above 24390 T- 24150 Sell_2-Below 24100 Invalid-Above 24150 T- 23850 NIFTY has closed on a bearish not with 0.85% cut today. It opened flat and 10 o'clock range broke downside below 24350 and fell till 24150. Index is technically sell on rise, but with confirmation of bearish reversal price structure in 5 Min TF in intraday. Tomorrow if there is a gap up then 24340 will be a good resistance and we will plan a short from there. 23850 will be an intraday support and 23500 being hourly support. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 24100 then we will long for the target of 23850. In case of gap up we will short from 24340. T- 24150. 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 12 Aug 2024NIFTY Intraday Trade Setup For 12 Aug 2024 Bullish-Above 24420 Invalid-Below 24370 T- 24640 Bearish-Below 24300 Invalid-Above 34350 T- 24080 NIFTY has closed on with 1.42% cut last week. However it has formed a Pinbar candle in weekly TF which shows that bulls tried gripping once again after sharp drop due to global cues. Above 24420 bulls will try to take take charge however I doubt the momentum in favor. 23900 is an important market structure level in daily TF below which it will confirm a bearish trend in short term. Overall market looks sell on rise. Friday's candle is an indecision candle, high/low being trigger point. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24420. T- 24640 and 24855. For selling we need a 15 Min candle close below 24300. T- 24080. 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 Analysis: Potential Bearish Flag Pattern?The recent market activity suggests caution for Nifty as a potential bearish flag pattern might be forming. We've observed a "sell on rise" behavior over the past 3-4 sessions, indicating bearish sentiment. For Nifty to break free from this bearish spell, it needs to sustain above the 24,640 mark. Key Levels to Watch: Immediate Support: 23,940 Immediate Resistance: 24,390 and 24,490 Traders should keep an eye on these levels for any breakouts or breakdowns, as they will be crucial in determining the market's next direction. A decisive move above 24,640 could signal a shift in momentum, while failure to hold above this level may reinforce the bearish outlook. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions. Trading in financial markets involves risk, and past performance is not indicative of future results.
NSE:NIFTY
by Stable_Logic
NIFTY Intraday Trade Setup For 9 Aug 2024NIFTY Intraday Trade Setup For 9 Aug 2024 Bullish-Above 24390 Invalid-Below 24340 T- 24650 Bearish-Below 23890 Invalid-Above 23940 T- 23515 NIFTY has closed on a bearish note with 0.74% cut. Since last 4 sessions we are stuck inside 500 points range- 24400 and 23900. We will trade directional only when we get this range breakout. It was sideways with huge volatility, mostly sl hunting moves. We will be neutral and wait patiently for breakout. However above 24450 there can trigger for short covering. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24350 then we will long for the target of 24650. For selling we need a 15 Min candle close below 23890. T- 23515. For selling we need a 15 Min candle close below 23890. T- 23515. 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 Levels | 8-AUG-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
NIFTY Intraday Trade Setup For 8 Aug 2024NIFTY Intraday Trade Setup For 8 Aug 2024 Bullish-Above 24390 Invalid-Below 24340 T- 24650 Bearish-Below 24180 Invalid-Above 24230 T- 23900 NIFTY has closed on a positive note with 1.27% gain today. However whole gain is the same points it gaped up. It was sideways within 150 points range in intraday. Today's low is very important as the daily candle is a Pinbar and a double force move can be seen below 24180. In case it opens flat and 24390 is sustained then we will head towards 0.618 zone of the fall we witnessed in last few days. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24390 then we will long for the target of 24650. For selling we need a 15 Min candle close below 24180. T- 23900. 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 7 Aug 2024NIFTY Intraday Trade Setup For 7 Aug 2024 Bullish- Above 24400 Invalid-Below 24350 T- 24736 Bearish-Below 23890 Invalid-Above 23940 T- 23515 NIFTY has closed once again on a bearish note with 0.26% cut today. It tested buy/resistance level and got rejected from there, decent sell of from 24380 was seen. Index has closed exactly at 50 EMA in daily TF. Below 23890 index will be fully gripped by bears. And overall sell on rise approach to be maintained. Major weekly level to be approached can be 22800. But for this we need more validation of a bearish price structure in daily TF. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24400 then we will long for the target of 24736. For selling we need a 15 Min candle close below 23890. T- 23515. 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