Nifty Intraday Levels | 10-SEP-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 📌
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Niftyanalysis
Nifty Intraday Support & Resistance Levels for 10.09.2024On Monday, Nifty opened with a gap down, breaking below the near-demand zone but recovered to close at 24936.40. If Nifty breaks below Monday's low of 24753, we might see a decline toward 24636 or lower. On the upside, the major resistance zone is at 25128. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.
Support Levels:
Near Demand/Support Zone (Daily): 24523 - 24636
Far Support: 24444 (61.8% FIBO retracement level of the last rally)
Far Demand/Support Zone (Weekly): 23893.70 - 24367.50
Resistance Levels:
Near Supply/Resistance Zone (5m): 25049 - 25084
Far Supply/Resistance Zone (75m): 25127.75 - 25198.60
Far Supply/Resistance Zone (Daily): 25235.80 - 25321.65
Nifty Intraday Support & Resistance Levels for 09.09.2024On Friday, Nifty opened a gap down due to negative global cues and heavy selling pressure, breaking the near-daily demand zone and entering the far-daily demand zone mentioned in the previous post. It closed at 24852.15, losing 293 points. If Nifty does not sustain above 24771, we may see a further decline towards 24523 - 24636 or even lower. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) has shifted from positive to sideways.
Support Levels:
Near Demand/Support Zone (Daily): 24771 - 24859 (current price inside this zone)
Far Demand/Support Zone (Daily): 24523 - 24636
Far Support (61.8% FIBO Retracement Level): 24444
Far Demand/Support Zone (Weekly): 23893.70 - 24367.50
Resistance Levels:
Near minor Supply/Resistance Zone (15m): 24916 - 24959
Far Supply/Resistance Zone (5m): 25049 - 25084
Far Supply/Resistance Zone (75m): 25127.75 - 25198.60
Far Supply/Resistance Zone (Daily): 25235.80 - 25321.65
Nifty Intraday Support & Resistance Levels for 06.09.2024On Thursday, Nifty opened with a gap up, entering the 15m supply zone (25260 - 25285) mentioned in the previous post. It dropped nearly 150 points from the day's high to 25127.75 before closing at 25145.10. Both the weekly trend (50 SMA) and daily trend (50 SMA) remain positive.
Support Levels:
Near Demand/Support Zone (Daily): 24964 - 25052
Near Demand/Support Zone (Daily): 24771 - 24859
Resistance Levels:
Near Supply/Resistance Zone (5m): 25235 - 25258
Nifty Intraday Support & Resistance Levels for 05.09.2024On Wednesday, Nifty opened with a gap down, breaking below the 30m demand zone and hitting a low of 25083.80. However, it recovered by the end of the day, closing at 25198.70. Both the weekly and daily trends (50 SMA) remain positive. As of now, GIFT NIFTY is trading 90 points higher, indicating the possibility of a gap-up opening today.
Support Levels:
Near Demand/Support Zone (Daily): 24964 - 25052
Near Demand/Support Zone (Daily): 24771 - 24859
Resistance Levels:
Near Supply/Resistance Zone (15m): 25260 - 25285
Nifty Intraday Support & Resistance Levels for 04.09.2024On Tuesday, Nifty opened with a gap up but failed to surpass the previous day's high, trading within a narrow range throughout the day and closing flat at 25279.85. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. Currently GIFT NIFTY is trading 200 points lower, indicating a potential gap-down opening today.
Support Levels:
Near Minor Demand/Support Zone (30m): 25117 - 25165
Near Demand/Support Zone (Daily): 24964 - 25052
Near Demand/Support Zone (Daily): 24771 - 24859
As of now, there's no supply zone visible on the chart.
NIFTY Intraday Trade Setup For 4 Sep 2024NIFTY Intraday Trade Setup For 4 Sep 2024
Bullish-Above 25350
Invalid-Below 25300
T- 25492
Bearish-Below 25230
Invalid-Above 25280
T- 25025
NIFTY has closed on a flat note today. Nothing triggered as per trade setup so same levels are valid for tomorrow. Index was overall momentum less. This momentum less market will continue till VIX is below 15. Kindly avoid huge exposure in direction trading especially in option buying as market is dull. 25350 and 25230 are intraday levels for tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25350 then we will long for the target of 25492.
For selling we need a 15 Min candle close below 25230. T- 25025.
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 Levels | 3-SEP-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 !
Nifty Intraday Support & Resistance Levels for 03.09.2024On Monday, Nifty opened with a gap up, hitting a new all-time high of 25333.65, which was also the open and high for the day, before closing at 25278.70. The weekly trend (50 SMA) is overbought, while the daily trend (50 SMA) remains positive.
Support Levels:
Near Minor Demand/Support Zone (30m): 25117 - 25165
Near Demand/Support Zone (15m): 25003 - 25047
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
As of now, there are no supply zones visible on the chart.
NIFTY Intraday Trade Setup For 3 Sep 2024NIFTY Intraday Trade Setup For 3 Sep 2024
Bullish-Above 25350
Invalid-Below 25300
T- 25492
Bearish-Below 25230
Invalid-Above 25280
T- 25025
NIFTY has closed almost on a flat note with slight gain of 0.17% gain today. It opened with 100 points gap up and did not sustain that. Index was overall momentum less. This momentum less market will continue till VIX is below 15. Kindly avoid huge exposure in direction trading especially in option buying as market is dull. 25350 and 25230 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25350 then we will long for the target of 25492.
For selling we need a 15 Min candle close below 25230. T- 25025.
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.
Nifty Intraday Support & Resistance Levels for 02.09.2024On Friday, Nifty opened with a gap up, reaching a new all-time high of 25268.35 before closing at 25235.90. The weekly trend (50 SMA) has shifted from positive to overbought, while the daily trend (50 SMA) remains positive.
Support Levels:
Near Minor Demand/Support Zone (15m): 25003 - 25047
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
Currently, there is no supply zone visible on the chart.
NIFTY Intraday Trade Setup For 2 Sep 2024NIFTY Intraday Trade Setup For 2 Sep 2024
Bullish-Above 25270
Invalid-Below 25220
T- 25492
Bearish-Below 25190
Invalid-Above 25240
T- 25025
NIFTY has closed on a slight bullish note with 1.66% gain last week. Last week we kept weekly outlook sideways to bullish which worked more or less fine. Since it gave a fresh breakout of previous ATH this week. If at all a bearish candle will be formed in weekly TF, this will lead to a false breakout and a possible top in the coming days. 25270 and 25190 are intra levels for tomorrow.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 25270 then we will long for the target of 25492.
For selling we need a 15 Min candle close below 25190. T- 25025.
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.
Nifty & Bank Nifty Analysis: Mixed Signals in the Final MinutesIn the last 30 minutes of yesterday's trading session, we saw a significant volume spurt in both NSE:NIFTY and NSE:BANKNIFTY , yet prices remained within a tight range. While NSE:NIFTY was trying to hold its ground with buyers stepping in, NSE:BANKNIFTY faced notable selling pressure. This divergence could be key in predicting tomorrow’s market movement.
NSE:NIFTY managed to stay steady despite the volatility, suggesting that investors are cautiously optimistic about its prospects. The increase in volume without a substantial price change indicates a tug-of-war between bulls and bears. If NSE:NIFTY manages to break above its immediate resistance, we could see a bullish move. However, if it fails to maintain its support, a pullback could be on the cards.
NSE:BANKNIFTY , however, showed visible selling in the final minutes, highlighting a lack of confidence in the banking sector. This selling pressure, coupled with the tight range, suggests that traders are uncertain about the near-term outlook. If NSE:BANKNIFTY breaks below its current support level, it could signal further downside risk. On the other hand, a recovery above resistance could reignite buying interest.
What to Watch Tomorrow: With both indices ending the day in a tight range but showing different momentum, tomorrow's session could be pivotal. Watch for a breakout in NSE:NIFTY to confirm a bullish bias or a breakdown in NSE:BANKNIFTY to signal potential weakness. Global cues and overnight economic data will also play a crucial role in shaping market sentiment.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Always conduct your own research or consult with a professional before making any trading decisions.
Nifty Intraday Support & Resistance Levels for 30.08.2024On Thursday, Nifty experienced a highly volatile trading session, taking support twice at the 15m Demand zone (24988 - 25032) mentioned in the previous post. It reached a new All-Time High of 25192.90 before closing at 25151.95. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) has turned positive from sideways.
Support Levels:
Near Minor Demand/Support Zone (15m): 25003 - 25047
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
As of now, there's no supply zone visible on the chart.
NIFTY Intraday Trade Setup For 30 Aug 2024NIFTY Intraday Trade Setup For 30 Aug 2024
Bullish-Above 25200
Invalid-Below 25150
T- 25390
Bearish-Below 24950
Invalid-Above 25000
T- 24770
NIFTY has closed on a bullish note with 0.4% gain today. It was a full volatile session especially post 1 PM. Since last many days it was comfort for option sellers, today it backfired. For me index is still sideways to bullish so follow the same approach till PDL is safe in closing basis. If daily candle closes below PLD then sentiment will turn bearish and sell on rise approach will be suited after a bearish reversal structure.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 25200 then we will long for the target of 25390.
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.
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
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.
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.
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.
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.
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.
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.
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 !