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NIFTY Intraday Trade Setup For 1 Feb 2023NIFTY Intraday Trade Setup For 1 Feb 2023 Buy-Above 17740 Sl-17690 T-17900 18040+ Sell-Below 17535 Sl-17585 T-17405 17165 NIFTY has closed on absolute flat note for the second consecutive day. Calm before the storm and nothing else; total contraction in hourly TF. I hope everyone closed any swing position carrying positionally. Important levels in hourly TF are 17740 and 17400. Breakout of this range will trigger the next directional move. For safe traders it better to avoid trading tomorrow as it will be sentimental moves. However a directional move will be seen post 12 o'clock. Its a common thing since last many Budgets in the past. Daily candle is looks like a buyer sentiment candle above its high bullishness may continue and below its low aggressive selling can also be seen. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17740 then we will long. T- 17900,18040. Ext- 18300. For selling we need a 15 Min candle close below 17535. T- 17405. Below 17400 it can dive till 17165. Ext T- 17000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Nifty daily analysis for 01/02/23.Nifty has given a nice closing near the resistance zone of 17680 giving a dragon fly doji on daily close. Tomorrow is Union Budget and there will be volatility. Market can give both side move once the union budget is over. Watch for a price action around 11:30-12:00 and trade accordingly. On the hourly time frame, the market remained in the first hour candle and closed above the 20 ema. There is a inverted head and shoulder pattern on 15 minutes chart. If the market opens flat and crossed above the resistance zone nice target can be achieved. Support :- 17545, 17425 Resistance :- 17800, 17945 Wait for the price action near the price level before entering the market.
NSE:NIFTY
by Mambotrade
Budget special analysis of Nifty Nifty has formed a REVERSE H&S pattern but remember before any breakout and retest it may be dangerous because if you see in the case of nifty it has formed the reverse h&s pattern but the trend in higher time frame is not changed . The trend will only be changed after 17780. if nifty forms higher high after that level then only go for long. Target will be 18900. Use trailing sl (7 smma) best. Put your sl to cost-to-cost after achieving 50-75% of your target . FOLLOW MY CHART IMAGE MORE THAN THIS WRITEUP Our action will be if market opens: Gap up: Nifty opens gap-up and after sustaining above 17882 on higher high or if u get any retest/pullback then only go for long and Aggresive traders can trade without pullback because that will be good for tomorrow's market. Gap-Down: Nifty opens gap-down then wait for the lower levels like (17400-500). Then take trade after higher high or lower lows. Flat: - Buying till 17560 and then market may face resistance (if faced and got rejection then we can go short). if nifty didn't reject from that area then go long immediatly after nifty sustains above 17780. REMEMBER TOMORROW IS A NEWS BASED TRADING DAY SO BEGINNERS AVOID LITTLE BIT EXPERINCED PEOPLE USE TIGHT SL AND USE TRAILING SL IN RUNNING TRADE Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:NIFTY
by pn202377
NIFTY CONFIRM TARGETS FOR 01 feb 2023 NIFTY SUPPORT AND RESISTANCE FOR F&O UNION BUDGET DAY TRADING Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 17434 - 17445 Second Support Zone For nifty50 – 17348 - 17364 Third Support Zone For nifty50 – 17143 - 17161 Resistance Zones For nifty Intraday Trading First Resistance Zone For Nifty – 17775 - 17790 Second Resistance Zone For Nifty – 17870 - 17880 Third Resistance Zone For Nifty – 18015 - 18030 Importent Signal from Nifty Option Chain PCR ratio as per Option Chain Analysis – 0.65 ( Bearish ) Max Pain As per Option Chain Analysis – 17800 Major Support as Per Nifty Open Interest Analysis – 17400 Conclusion For Budget Day and Next week Today Taken Support on its Major Support ( 17348 - 17364 ) Major Support Zone For nifty is (17348 – 17448 ) Major Resistance for Tomorrow - ( 18015 - 18030 ) Tomorrow Expecting Big Moves and Volatality will be very High due to Budget , so my request to all of you to trade with Hedging Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone Try to Short nifty at every Resistaance and Book Profit Near Support Zone Expecting Big Moves in Near Budget 2023 Adani Group issue is Major Concern for Market now . Major Resistance as Per Nifty Open Interest Analysis – 18050
NSE:NIFTY
by manojshinde27
FASP levels for Nifty 01/02/2023The FASP for Nifty is listed for 01-02-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTYLong
by SathishChandrasekaran
NIFTY Intraday Trade Setup For 31 Jan 2023NIFTY Intraday Trade Setup For 31 Jan 2023 Buy-Above 17710 Sl-17660 T- 17805 17900+ Sell-Below 17405 Sl-17455 T-17285 17165 NIFTY has closed on a mild bullish sentiment with 0.25% today. This was yet another volatile day ahead of Union Budget. It made wild swings of 260 points up, 300 points down and then again 260 points up. It opened with 60 points gap down and then traded inside 10 o'clock range overall. After a complete parabolic down move of almost 800 points now it is showing signs of pause as it is likely to give a pullback, small or big. Tomorrow's closing is important for the Budget day as per technical however sentimental will be overpowered. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17710 then we will long for the target of 17805 and 17900+. For selling we need a 15 min candle close below 17405.T- 17285 and 17165. 17508 is important to watch as intraday support. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
FASP levels for Nifty 31/01/2023The FASP for Nifty is listed for 31-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
Blasting analysis of nifty for 31/01/23😎Smart traders come fastIn this video i discussed about nifty trading levels for tomorrow 31-01-23 Please give me your view also in the comment section. I will be happy to discuss. Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:NIFTYShort
by pn202377
Nifty daily analysis for 31/01/23.Nifty has given a doji candle taking support from the 200 ema and has closed 40 point above. The market remained volatile and after a gap down regained touching 17700 levels and gain fell breaking the morning low but closed near the higher levels. On the hourly charts, the market has consolidated in the first half and gave both side move in the second half just decaying the option premiums. The market is still holding the 17400 level and has given nice movement after touching the level. There is a double top formation and the market has closed near the top. On 15 minutes chart, nifty closed between both the moving averages. It crossed the moving average in the second half and sustained there. support :- 17545, 17425 Resistance :- 17680, 17800 Day after tomorrow is the Union budget and market can remain volatile. So avoid swing and positional trades. Wait for the price action near th price level before entering the markets.
NSE:NIFTY
by Mambotrade
NIFTY CONFIRM TARGETS FOR 31JAN 2023 NIFTY SUPPORT AND RESISTANCE FOR F&O DAY TRADING Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 17434 - 17445 Second Support Zone For nifty50 – 17348 - 17364 Third Support Zone For nifty50 – 17143 - 17161 Resistance Zones For nifty Intraday Trading First Resistance Zone For Nifty – 17775 - 17790 Second Resistance Zone For Nifty – 17870 - 17880 Third Resistance Zone For Nifty – 18015 - 18030 Importent Signal from Nifty Option Chain PCR ratio as per Option Chain Analysis – 0.57 ( Bearish ) Max Pain As per Option Chain Analysis – 17550 Major Support as Per Nifty Open Interest Analysis – 17350 Major Resistance as Per Nifty Open Interest Analysis – 18000 Conclusion For Monday and Next week Today Taken Support on its Major Support ( 17734 - 17748 ) Major Support For nifty is (17348 – 17448 ) Major Resistance for Tomorrow - ( 17870 - 17880 ) Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone Try to Short nifty at every Resistaance and Book Profit Near Support Zone Expecting Big Moves in Near Budget 2023 Prepraion is Going on . Adani Group issue is Major Concern for Market now .
NSE:NIFTY
by manojshinde27