Niftyanalysis
NIFTY Intraday Trade Setup For 26 Sep 2023NIFTY Intraday Trade Setup For 26 Sep 2023
Bullish-Above 19735
Invalid-Below 19685
T- 19840 19920
Bearish-Below 19600
Invalid-Above 19650
T- 19510 19420
NIFTY has closed on a an absolute flat note today. In the weekend it was explained that index will give a pullback/bounce from 0.618 and 50 EMA in daily TF which is placed near 19550-600 zone. It exactly reversed from 19600 and made a high of 19734. It has formed a doji candle in daily TF exactly at 0.618. Now tomorrow's closing will be important to watch, high and low will be trigger for a direction either side. 19920 and 19420 are important resistance and support respectively for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19735 then we will long for the target of 19840 and 19920.
For selling we need a 15 Min candle close below 19600. T- 19510 and 19420.
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.
NIFTY WEEKLY VIEW | 25TH - 29TH SEPNifty trend is down and more weakness expected if Nifty sustains below 19590. On the other side, if Nifty sustains above 19790 upper levels are expected in next week. Trade cautiously as it's a monthly expiry and highly volatile moves can be seen.
Buy Above - 19790
Targets - 19850, 19910, 19970
Sell Below - 19590
Targets - 19530, 19470, 19410
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Happy Trading!
InvestPro India Team
NIFTY Weekly Outlook | Intraday Trade Setup For 25 Sep 2023NIFTY Intraday Trade Setup For 25 Sep 2023
Bullish-Above 19725
Invalid-Below 19675
T- 19810 19915
Bearish-Below 19650
Invalid-Above 19700
T- 19550 19445
NIFTY has closed on a full bearish note last week with 2.57% cut, wiped 50% gain of Sep month. For the next week 19550-19600 will act as support zone as 50 EMA and 0.618 both lies near that zone (Daily TF). After a probable pullback from this support zone if it makes a bearish price structure in daily TF, we will plan our positional short trade. Probable pullback can come till 0.382 and then 0.618 from ATH to the bottom that will be created.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 19650 then we will short. T- 19550-70 and 19445.
For buying we need a 15 Min candle close above 19725. After a rejection/pullback this will be considered. T- 19810 and 19915.
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.
NIFTY Intraday Trade Setup For 22 Sep 2023NIFTY Intraday Trade Setup For 22 Sep 2023
Bullish-Above 19790
Invalid-Below 19740
T- 19915 20010
Bearish-Below 19700
Invalid-Above 19750
T- 19595 19490
NIFTY has closed on bearish note with 0.8% cut today. It opened with a slight gap down directly below our sell level. 10 o'clock range was to be used as per our trade setup. Range broke downside below 19763 and last swing high was near 19793. With 30 points risk it gave 50+ Points gain till 19710. Yesterday it was discussed that there is a chance of recover but for that it has to trigger our buy level. So the condition is for tomorrow. In case of a gap up 19900-20 will act as resistance .
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19790 then we will long for the target for 19915-20 and above this 20010.
For selling we need a 15 Min candle close below 19700. T- 19595 and 19490.
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.
NIFTY Intraday Trade Setup For 21 Sep 2023NIFTY Intraday Trade Setup For 21 Sep 2023
Bullish-Above 19970
Invalid-Below 19920
T- 20050
Bearish-Below 19870
Invalid-Above 19920
T- 19790 19685
NIFTY has closed on a bearish sentiment with more than 1% cut today. It opened with a big gap down and as per our trade setup 10 o'clock range was to be used. Range broke downside below 19968 and last swing high was 20018. With 50 points risk/sl it gave around 90 points gain till 19879. Tomorrow chances of recovery is high so if it sustains above 19950 take 19770 as confirmation for a full recovery. 20055 and 19685 are important resistance and support respectively for tomorrow's session.
Coming to Thursday's trade setup, if index opens flat and and 15 Min candle closes above 19970 then we will long for the target of 20055.
For selling we need a 15 min candle close below 19870. T- 19790 and 19685.
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.
NIFTY Intraday Trade Setup For 20 Sep 2023NIFTY Intraday Trade Setup For 20 Sep 2023
Bullish-Above 20170
Invalid-Below 20120
T- 20240 20315
Bearish-Below 20110
Invalid-Above 20160
T-20015 19910
NIFTY has closed with 0.29% cut today. It was moreover sideways and zoned. Nothing triggered as per trade setup today, post 3PM at the time closing sell was triggered which is void. Tomorrow on flat opening below 20110 if sustained properly then we will test 20015 zone in intraday. For any bullish move it has to sustain itself above the plotted trendline, level was above 20170. 20k zone can be a good psychological support.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 20170. T- 20240 and 20315.
For selling we need a 15 Min candle close below 20110. T- 20015 and 19910.
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.
Nify50 Support Resistance 18sept2023 If You Watch the Index in Day Candel You See Market Continue Upside move no retest or sideway.
so for technical analysis, we know the market needs to test or retest then the market can go upside..
For Tommorw Support Resistance
Market Rejection From All-Time High 20200
if the Market goes Upside above 20200 or closes a green candle 5 mint then we can again see a sideway market or buying market
Support Levels 20100/20050
AsPer OI Data Support Resistance at Nifty50
Big Support 20100/20000
Big Resistance 2020/20300
if market sustenance above 20200 then we can see a buy-side move because of call writer are high
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NIFTY Intraday Trade Setup For 18 Sep 2023NIFTY Intraday Trade Setup For 18 Sep 2023
Bullish-Above 20225
Invalid-Below 20175
T- 20315 20405
Bearish-Below 20125
Invalid-Above 20175
T- 20030 19910
NIFTY has closed on a bullish note last week with 1.88% gain. Our swing long position is still on with TSL. On 4 Sep EOD we planned a bullish view when closed above 19500 in daily TF. Our Confirmation level was 19600, as of now it has given around 600 points gain which is slight more than 1:1.5. Also we opted PDL as our TSL. If a daily candle closes below PDL and then next day below that red candle's low we will exit our longs. On Monday if we open gap down then 20030 can be a good support.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 20225 then we will long for the target of 20315 and 20405.
For selling we need a 15 Min candle close below 20125. T- 20030 and 19910.
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.
NIFTY Intraday Trade Setup For 15 Sep 2023NIFTY Intraday Trade Setup For 15 Sep 2023
Bullish-Above 20120
Invalid-Below 20070
T- 20200 20287
Bearish-Below 20040
Invalid-Above 20090
T- 19970 19900
NIFTY has closed on a with a slight of 0.16% gain today. It was a complete sellers expiry after 10 O'clock as it went in a range of 20100 and 20050 for the rest of the day. It opened with a slight gap up and buy triggered as per trade setup above 20115 which hit 50 points sl. BTW there was a slight gap up opening and 10 o'clock range broke downside below 20107 and gave around 50 points. Tomorrow's best trade will be on flat opening. Long trade from 19600 is intact a with TSL as PDL (CB).
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 20120 then we will long for the target of 20200 and 20287-305.
For selling we need a 15 min candle close below 20040. T- 19970 and 19900.
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.
NIFTY Intraday Trade Setup For 14 Sep 2023NIFTY Intraday Trade Setup For 14 Sep 2023
Bullish-Above 20115
Invalid-Below 20065
T- 20200 20287
Bearish-Below 20010
Invalid-Above 20060
T- 19910 19810
NIFTY has closed on a bullish note with 0.38% gain today. On 4 Sep EOD we planned our bullish trade above 19500 when closed in daily TF, confirmation level was 19600. On 11 Sep EOD we opted PDL as our TSL to ride the open sky momentum. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs. Till then enjoy trailing. Today buy triggered as per trade setup above 20040 and gave 1:1 gain till 20096 however target was not achieved.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 20115 then we will long for the target of 20200 and 20287.
For selling we need a 15 Min candle close below 20010. T- 19910 and 19810.
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.
NIFTY Intraday Trade Setup For 13 Sep 2023NIFTY Intraday Trade Setup For 13 Sep 2023
Bullish-Above 20040
Invalid-Below 19990
T- 20145 20250
Bearish-Below 19910
Invalid-Above 19960
T- 19810 19710
NIFTY has closed on an absolute flat note today. It was huge commotion today due to profit booking after a big gap up opening. As per trade setup 10 o'clock range was to be used. Range did not break any side. Tomorrow's closing will be interesting to watch in which sentiment, near day high or low it will close. In case of a gap down opening near 19800, it can find an immediate support, the gap support. It has to be validated by bullish price action in small TF.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 20040 then we will long for the target of 20145 and 20250.
For selling we need a 15 Min candle close below 19910. T- 19810 and 19710.
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.