Niftyanalysis
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.
NIFTY Intraday Trade Setup For 12 Sep 2023NIFTY Intraday Trade Setup For 12 Sep 2023
Bullish-Above 20010
Invalid-Below 19960
T- 20131 20250
Bearish-Below 19930
Invalid-Above 19980
T- 19815 19710
NIFTY has closed on a record high today. On Sep 4 EOD we planned our bullish trade when index closed above 19500 in daily TF, confirmation level was 19600.Target was discussed multiple time, a fresh ATH. Now we will simply trail sl and our TSL will be PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs. Today buy triggered as per trade setup above 19870 and hit our 1st target very smoothly.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 20010 then we will long for the target of 20131 and 20250.
For selling we need a 15 Min candle close below 19930. T- 19815 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.
Long Setup in Shobha LTDAn Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:SOBHA
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned on the Charts.
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shouldeer Chart Pattern
Technical Indicator :- Positive MACD Crossover
NIFTY Intraday Trade Setup For 11 Sep 2023NIFTY Intraday Trade Setup For 11 Sep 2023
Bullish-Above 19870
Invalid-Below 19820
T- 19953 20037
Bearish-Below 19790
Invalid-Above 19840
T- 19710 19617
NIFTY has closed on a bullish note last week and day with 1.98% and 0.47% gain respectively. On 4th Sep EOD we discussed about bullish indication when index closed above 19500 in daily TF. Also said that next day closing (19600) on a bullish note will be a confirmation to the bullish view. And the idea worked perfectly where it gave 300+ points move and is approaching a fresh ATH. After that next possibility opens up and future scenarios will be discussed when target is hit. 19870 and 19790 are important levels for Monday's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19870 then we will long for the target of 19953 and 20037.
For selling we need a 15 Min candle close below 19790. T- 19710 and 19617.
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.
Simple Trade Setup | NIFTY | 11-09-2023 [INTRADAY]NSE:NIFTY
Trade Setup for 11-09-2023
Most of all the levels and zones 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.
Nifty 50 Daily Analysis - Day time frameThe Nifty index has found support at the 19500 level and is currently displaying a bullish trend. Based on historical price patterns, resistance levels are observed at 18850 and 20000. The recent combination of trading volume and price movement over the past three sessions suggests the possibility of the Nifty reaching its all-time highs in the next 3-4 trading sessions. However, given the current weakness in the banking sector, there may be some testing of the 20000 level, and the potential for reaching new highs by the beginning of October also depends on favorable global market conditions.
NIFTY Intraday Trade Setup For 08 Sep 2023NIFTY Intraday Trade Setup For 08 Sep 2023
Bullish-Above 19740
Invalid-Below 19690
T- 19840 19935
Bearish-Below 19640
Invalid-Above 19690
T- 19525 19415
NIFTY has closed on a bullish note with 0.59% gain. After our positional short trade was cut at cost when it closed above 19500 it was said that now index is bullish. After 19500 was closed in daily TF index has inched higher and is moving towards 20k. Today buy triggered as per trade setup above 19640 and 1st target was hit very smoothly via a short covering move (19640-19737). Tomorrow kindly be strict in trailing positions for both side trades.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19740 then we will long for the target of 19840 and 19935.
For selling we need a 15 Min candle close below 19640. T- 19525 and 19415.
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 07 Sep 2023NIFTY Intraday Trade Setup For 07 Sep 2023
Bullish-Above 19640
Invalid-Below 19590
T- 19735 19820
Bearish-Below 19490
Invalid-Above 19540
T- 19398 19305
NIFTY once again closed on a slight positive note with 0.18% gain today. It was updated that NIFTY has closed above 19500 in daily TF after 1 month and called it slight bullish. It is inching higher like a tortoise BTW. While 19500 become again important for a reversal if closed in daily TF. Today buy triggered as per trade setup which hit sl and then sell triggered later it broke previous swing high and reversed. In the weekend analysis it was said that if index regains 19500 then moreover it will be a broader range trading inside 20k and 19200. Tomorrow above 19640 it may fill the gap. Bearish view only below 19490, however I will be looking for a reversal in 5 MIN TF for a short.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19640 then we will long for the target of 19735 and 19820.
For selling we need a 15 Min candle close below 19490. T- 19398 and 19305.
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 06 Sep 2023NIFTY Intraday Trade Setup For 06 Sep 2023
Bullish-Above 19590
Invalid-Below 19540
T- 19665 19740
Bearish-Below 19520
Invalid-Above 19570
T- 19455 19348
NIFTY has closed with a slight positive gain of 0.24% today. Today buy triggered as per trade setup but lacked momentum and ended with slight gain. NIFTY is slowly and steadily going up but lacking strong momentum. Sell view is closed at cost as per the weekend analysis. 19520 is important level for downside trigger. Above 19590 we will maintain a bullish view if sustained in 15 MIN TF. But be very strict with reversal as it is at mid point in daily range.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19590 then we will long for the target of 19665 and 19740.
For selling we need a 15 Min candle close below 19520. T- 19455 and 19348.
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.