NIFTY Intraday Trade Setup For 03 Feb 2022NIFTY Intraday Trade Setup For 03 Feb 2022
Buy-Above 17800
Sl-17770
T-17855 17900 17950
Sell-Below 17725
Sl-17740
T-17670 17600
NIFTY has closed just at 0.618 level in the hourly TF. If index sustains above this level then 18000 will be tested. Today both indices NIFTY And Banknifty were momentum less. However both moved to higher levels.
We need a 5 min candle close above today's high to initiate a buy trade. The ideal trade will be on flat opening. Big gap up will once again be momentum less and will create volatility.
For selling if we get a range above 17750 and if that range will be broke downwards then we will sell below 17200 for the target of 17670 and 17600.
Index is at a place where it can give move any side. We have our levels with us to go with. Also tomorrow is weekly expiry so volatility will be there.
Niftyexpiry
NIFTY-27/01/2022-LevelsHello Traders,
NIFTY@27/01/2022
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If Market Opened as a-
GAP-UP: Support of Resistance (BUY) – Rejection of PDH (SELL)
FLAT: Support of Resistance (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL)
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Happy Learning and Trading.
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not Buy and Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
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SHORT FORM &FULL FORM
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PDH-> Previous Day High
PDL-> Previous Day Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
S-H -> Swing-High
S-L -> Swing-Low
D-T -> Double Top
D-B -> Double Bottom
T-T -> Triple Top
T-B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Simple Trade Setup | NIFTY | 27-01-2022 [INTRADAY] NSE:NIFTY
Observations:
1) On 1 day time frame, it took support from the bottom trendline of channel and closed above middle trendline.
Now middle trendline will work as support and top trendline will work as resistance.
Please refer below chart : 1day Time Frame.
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Trade Setup for 27-01-2022
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 Intraday Trade Setup For 27 Jan 2022NIFTY Intraday Trade Setup For 27 Jan 2022
Buy-Above 17310
Sl-17270
T-17410 17500
Sell-Below 17000
Sl-17040
T-17875 16700
NIFTY has given a sharp recovery on Tuesday's trading session. After giving a quick downside move below our sell level it dived about 150 points in just 5 min. Then we saw buyers coming into picture and made a super bullish candle -Hammer. And as soon as the high broke we made money in long also. Above 17025 index gave 200 points profit. Then in the second half our buy level was triggered and gave another 120 points profit.
Coming to Expiry's trade setup, We will focus on buying and will find buying opportunity more than selling. Index has made a support zone of 17000-16975. So firstly we will buy above 17300 if we get a 5 min candle close above this.
For selling if index closes below 17180 in 5 Min TF then a small short trade can be done 100 points.
Aggressive selling will be planned below 17000.If if get a closing below 16975 in 15 Min TF then we will sell aggressively. Index can show a sharp fall.
NIFTY Intraday Trade Setup For 20 Jan 2022NIFTY Intraday Trade Setup For 20 Jan 2022
Buy-Above 17960
Sl-17920
T-18060
Sell-Below 17880
Sl-17920
T-17800 17730
NIFTY has shown good profit booking today. We had only sell level in yesterday's analysis. Index opened flat and crossed our sell level 18080 and hit our target 17900.
Index is still bearish and profit booking can continue after a big rally we had. So avoid buying or be lite in position if we get any buying opportunity.
Best trade in tomorrow's trading session will be in sell side, if we get a flat opening and crossing today's low. A gig gap or gap down will create volatility and end the expiry in range.
For buying we need a 5 Min candle close above 17960 to initiate buy. Target will be 100 points. Remember to trail sl after 1:1 is done.
Nifty Expiry Trade Setup | 13th January 2022Nifty opened with a Gap-up around 18170 and after consolidation for some time, it broke 18200 on the upside. It was a range-bound day so not much opportunity for Option Buyers.
Trades we took Today:
> Bought Nifty 17950 CE at 220 which went above our last Target 265 and Traders booked great profit in this Trade
> Bought Nifty 18000 CE at 190 which went above our 3rd Target 230 and Traders booked good profit in this Trade
> Bought Nifty 18100 PE at 29 as HeroZero which we booked with 10 points loss
Overall, Nifty Option Buyers booked profit on Range-bound day.
We may see some profit tomorrow if Nifty breaks 18120 on the downside.
Expectations for Tomorrow: Range-bound Day, Volatality after 12:30 PM.
Intraday Levels:
Buy Above - 18250
Sell Below - 18120
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 13-01-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 13-01-2022
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.
Simple Trade Setup | NIFTY | 30-12-2021 [ INTRADAY ]NSE:NIFTY
there is nothing much change as it has been in range since last 3 days. All the levels and trade setup remains same as per previous.
Trade Setup for Date: 30-12-2021
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 Intraday Trade Setup 30 Dec 2021NIFTY Intraday Trade Setup 30 Dec 2021
Buy-Above 17300
Sl- 17250
T-17380
Sell-Below 17150
Sl-17200
T-17084 17025
This was another day of consolidation with dry volumes. We planned to buy above 17250 yesterday it gave almost 1:1 and fell sharply from high. Tomorrow we are going to buy only and only above 17300. We need 15 Min candle close above 17300 to initiate our buy trade.
While our short will be triggered below yesterday's low , sell level is same-17150. Also tomorrow is Monthly Expiry so we will trade very carefully. Volatility will be there.
NIFTY Intraday Trade Setup For 23 Dec 2021NIFTY Intraday Trade Setup For 23 Dec 2021
Buy-Above 17000
Sl-16960
T-17050 17123 17185
Sell-Below 16850
Sl-16890
T-16800 16750 16700
NIFTY has broke the 2 day's range upside in the last hour of today's trading session. Closing is in positive not. Aggressive buy will be above today's high. Just we need confirmation above 17000 as it is a resistance. Above this Index will head towards 17180. This will be a short covering move.
Incase it fails to sustain above 17000 and forms a negative candle then short below that candle.
For selling 16800 is the level below which we get a downside move.
Simple Trade Setup | NIFTY | 16-12-2021 [ INTRADAY ] NSE:NIFTY
Observations:
1) On 15min time frame, we can see resistance trendline, if it sustain above it then we can see up-move.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 16-12-2021
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.N
NIFTY Trade Setup For 16 Dec 2021NIFTY Trade Setup For 16 Dec 2021
Buy-Above 17380
Sl-17350
T-17450 17500
Sell-Below 17190
Sl-17230
T-17100 17050 17000
Nifty has once again consolidated between 17400 and 17200. The best trade for tomorrow is that we will sell below 17190. In buying there are multiple resistance placed.
17000 has the highest OI. Also nifty is following a channel pattern in hourly timeframe. The trendline is marked in the blue. Our target would be that trendline for short.
Nifty Expiry Trade Setup | 9th December 2021Nifty opened with Gap-up above 17300 and we saw slow and upside movement throughout the day.
Trades we took Today:
> Bought Nifty 17300 CE at 120 which we made a high above 170 and Traders booked great profit in this Trade
> Bought Nifty 17300 CE again at 150 which we booked with 30 points loss
> Bought Nifty 17400 PE at 85 which we booked with 15 points loss
> Bought Nifty 17300 CE 16th Dec at 245 which made a high around 280 but we booked early due to choppy movement
Overall, it was an average day for Nifty Option Buyers.
Tomorrow if Nifty sustains above 17500, we can see another upside movement towards 17580-17600 levels but that is a strong resistance zone and we saw rejection multiple times so be cautious.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above - 17500
Sell Below - 17390
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 09-12-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame,Today, it trade above 10DMA.
But still trading below 21DMA.
10DMA is support now and 21DMA will be immdiate resistance now.
10DMA is placed at 17192.38. Hence we can say that 17190-17200 is major support now.
21DMA is placed at 17527.08 level. Hence we can say that 17520-17530 is resistance.
Please refer below chart : 1 day Time Frame.
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Today it couldn't give much move above our ultimate level of 17460 as per our previous tradesetup but it was able to close above it.
17460 is immediate support now.
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Trade Setup for Date: 09-12-2021
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.