Nifty Intraday Levels | 4-NOV-2024Nifty Options Scalping
1️⃣ Zones to Watch:
👉Green Zone: Institutional support
👉Red Zone: Institutional resistance
👉Gap: 100-200 points between zones
👉Zone Creation: Based on pivot points and Fibonacci
👉Chart: Use Nifty futures chart for reference
2️⃣ Trade Execution:
👉Order Flow: Triggers trades
👉Timeframes: 1-min & 5-min for scalping
👉Risk-Reward: 1:2 (Risk 1 to gain 2)
👉Strike Price: ATM or slightly ITM options
👉Position Sizing: Adjust to risk tolerance
3️⃣ Rules:
👉9:15 AM Sharp: Ready for market open
👉Risk Management: Top priority
👉Quick Trades: "Morning breakfast" scalps
👉Stop-Loss: 10 points
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Niftybuy
Nifty Intraday Levels | 13-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)
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✍️COMMENT Below your view !
BUY NIFTY @ 11:00 AM | INTRADAY TRADE 7TH FEBAs per our time based research, we are looking for some rise in Nifty after 11:00. Buy Nifty around 11:00 AM with 50 points SL and book profit as per marked levels on the chart.
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Happy Trading!
InvestPro India
Nifty Ready for 22500 in next 10-12 MonthsNifty Weekly is moving in Step form .... 21% upside after each breakout.
Breakout from current Levels of 18500 in coming weeks will make Nifty move towards 22500 in next 1 Year.
Cup & Handle Pattern Breakout on weekly channel supporting same.
Recommendation is Buy on Dips in Nifty
LTP - 18300
SL - 17500
Targets - 22500
Timeframe - 12-15 Months.
Right time for Investment in Blue-chip stocks for handsome ROI in coming 1-2 years.
Happy Investing.
NIFTY Weekly CUP Pattern Breakout in ProgressNifty Weekly CUP Pattern Breakout suggest 20500+ Targets by Year End DEC-23
18300 Can be considered as Very Strong Support for going Long on nifty for next 6 Months.
LTP 18635
SL 18300
Targets 20500+
Risk Reward - 1:5
Time frame - 26-30 Weeks.
The stock market is a device for transferring money from the impatient to the patient.
DJ30 Daily charts showing upside possibility for next 1 MonthDJ30 After minor correction is again ready to show some strength in coming days & Projection based on Fibo is showing 7% upside in next 21 trading sessions.
This should definitely help INDIAN Markets to rise to ATH in next 21-30 Trading session.
Expecting Nifty to touch 19500 before June End Expiry.
Happy Investing.
Elliotical approach to Nifty50 Long.Hello Traders!
1. We can see an ending diagonal forming on the Nifty50 chart on the 1hr tf .
2. The retracement levels have been mentioned which gives us more evidence of the market following the wave pattern.
3. We see a strong trend resistance of the market. Once the resistance is cleared, we can look forwards to buying calls or selling puts, whatever suits the individual.
4. Let's talk about wave equality . In an impulse, the 3 motive waves (motive wave is just the wave that is going with the trend, i.e., wave 1, wave 3 and wave 5), tend to be in a harmonic ratio . There can be multiple scenarios aka ratios and 61.8% (the favourite of the public XD) is obviously one of them. As we can see on the chart, Wave 3 is almost 61.8% of Wave 1 . This gives us a picture that the possibility of Wave 5 being 61.8% of Wave 3 is pretty high. Of course, that may change, but too high a chance to just ignore. That sets us a target of 19200 to 19300 for Nifty50.
5. Another point that must be noted is that when we put 61.8% as a retracement level on wave 2 and use it as a Fibonacci divider , it also gives us the same target of 19200 to 19300 . This is out of the books and just an observation.
6. The triangle that we see is a questionable . Because we haven't so far seen a triangle form for wave 4 inside a diagonal. But if this works out as predicted, then that should be the most likely picture, a triangle can be there inside a diagonal. And before anybody questions, I have scoured certain books and haven't found any reference for a triangle inside a diagonal. Anybody having a better idea or picture is welcome to comment on it.
7. We also have a two bar reversal on the daily tf . Confirmation for that will be the break of high of the higher candle.
8. And, apart from everything, we work in the field that has infinite possibilities for every individual and hence itself has uncountable possibilities. We just get better at predicting the best possible outcome. So yes, even though the possibility for Nifty50 giving a breakdown , as far as I'm concerned, is very unlikely, it is still there.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.