Nifty expiry chartThe index is trading within a range from last 3 sessions.
The range is about 130 points.
Breakout and breakdown areas I have mentioned in the chart.
World market is red but SGX nifty is still marginally negative. This is a sign of strength.
W can have a bullish expiry tomorrow if NSE:NIFTY sustain above 18300.
Niftyexpiry
Simple Trade Setup | NIFTY | 27-04-2023 [EXPIRY]NSE:NIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for 27-04-2023
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.
Simple Trade Setup | NIFTY | 20-04-2023 EXPIRY [ INTRADAY] NSE:NIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for 20-04-2023
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-13/04/2023-LevelsHello Traders, Welcome to SriTrader5121
____________________________________
Nifty-13/04/2023-Levels
IMPORTENT ZONE FOR THE DAY : 17767 - 17776
Possibilities of Today market open...
Possibility 1: FLAT
If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of PDH.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP.
Possibility 2: GAP-UP
If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of R.
(or)
If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of PDH and SELL with the Rejection of PDH.
Possibility 3: GAP-DOWN
If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of IMP and SELL with the Rejection of IMP.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
_______________________
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 a Buy or 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.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
0.5-> 0.5% Swing
PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PDO-> Previous Day Open
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
D_S-> Day Support
D_R-> Day Resistance
W_S-> Week Support
W_R-> Week Resistance
W_O-> Week Open
W_C-> Week Close
LW_O-> Last Week Open
LW_C-> Last Week Close
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> 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
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Simple Trade Setup | NIFTY | 13-04-2023 [INTRADAY]NSE:NIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for 13-04-2023
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 - Prediction & Intraday Levels for - 06 Apr 2023Nifty Tomorrow,
Being expiry day and Market Holiday on Friday my view is towards BEARISH (After a sharp rally we can expect some sort of Profit booking / Call Unwinding / PUT short Covering Fall tomorrow)
Demand and Supply Zones - When price breaks the zones, Demand zone will become Resistance and Resistance zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Simple Trade Setup | NIFTY | 06-04-2023 [EXPIRY]NSE:NIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for Last week of March 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 Expiry Targtes Nifty Confirm Targets By Chart Analysis and Option Chain Analysis 2023
Nifty 17100 call & Put Possible Target
17100 CAll Targets – 140 /175
17100 PUT Targets – 80 / 120
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 17115- 17130
Second Support Zone For nifty50 – 17000 - 17015
Third Support Zone For nifty50 – 16944 - 16952
Resistance Zones For nifty Intraday Trading
First Resistance Zone For Nifty – 17140 - 17155
Second Resistance Zone For Nifty – 17254 - 17265
Third Resistance Zone For Nifty – 17340 - 17350
Nifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 0.76( Bearish )
Max Pain As per Option Chain Analysis – 17200
Major Resistance as Per Nifty Open Interest Analysis – 17350
Major Support as Per Nifty Open Interest Analysis – 17000
Expiry Day Confirm Targets for Nifty50 One Hour Chart Analysis For Intraday Trading
Nifty Demand and Supply Zones for Day Trading
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 17445 - 17460
Second Support Zone For nifty50 – 17348 - 17365
Third Support Zone For nifty50 – 17143 - 17160
Resistance Zones For nifty Intraday Trading
First Resistance Zone For Nifty – 17635 - 17650
Second Resistance Zone For Nifty – 17722 - 17736
Third Resistance Zone For Nifty – 17815 - 17830
Nifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 0.55 ( Bearish )
Max Pain As per Option Chain Analysis – 17700
Major Resistance as Per Nifty Open Interest Analysis – 17450
Major Support as Per Nifty Open Interest Analysis – 17800
NIFTY CHART ANALYSIS // BIGGEST MONTH END EXPIRY ANALYSISUpside Level 18400
DownSide Level 17800
Nifty Form rectangle pattern or stuck in it from more than a Month
Created Such Major RESISTANCE 18200 or Major SUPPORT at Lower which is 17800…
Now Nifty Reaching its Major Resistance near 18200 Trying to support on Trendline or Going Further Up…
But unfortunately Nifty has No Time Left to BREAKOUT the 18200 Levels with holding sometime if tomorrow somehow its hold atleast 15Candle Ubove we can see UP RALLY….
But if its failed to sustain or BreakDown the Trendline we can see further Lower levels (17800) with Panic SellOff in Market and go down below its previous SUPPORT
Nifty - View & Intraday Levels for - 19 Jan 2023(Expiry Special)Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : BULLISH / Positive Sentiment - Flat / small Gap Up Open around 18150 and we can see pull back to CPR 18127 then Rally up to 18250. In between we have resistance where Nifty will take a pause and consolidate for some time. Being expiry Premium decay will be high. So dont rush to take entry.
Tomorrow we can expect BULLISH move in the first half and fall during 2nd Half. My plan is going short after 1:30 Pm
However I still see Negative sentiment in Nifty , so once 18250 is tested probably reversal can be seen since the Major trend is BEARISH until Nifty closes Strongly above 18270.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty - View & Intraday Levels for - 12 Jan 2023Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : BEARISH / Negative Sentiment - Flat Open around 17900 and BEARISH Reversal expected from 17930 / 17970 levels. Being Expiry tomorrow more volatility is expected on either side.
I still see Negative sentiment in Nifty , so only SELL on raise mode tomorrow since the Major trend is BEARISH .
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty-05/01/2023-LevelsHello Traders, Welcome to SriTrader5121
____________________________________
Nifty-05/01/2023-Levels
IMPORTENT ZONE FOR THE DAY : 18084 - 18088
Possibilities of Today market open...
Possibility 1: FLAT
If market open as a FLAT and moves to UP-SIDE then BUY with the Support of D_S and SELL with the Rejection of D_S.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
Possibility 2: GAP-UP
If market open as a GAP-UP and moves to UP-Side then BUY with the Support of D_S and SELL with the Rejection of D_S.
(or)
If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
Possibility 3: GAP-DOWN
If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S and SELL with the Rejection of S.
_______________________
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 a Buy or 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.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
0.5-> 0.5% Swing
PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PDO-> Previous Day Open
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
D_S-> Day Support
D_R-> Day Resistance
W_S-> Week Support
W_R-> Week Resistance
W_O-> Week Open
W_C-> Week Close
LW_O-> Last Week Open
LW_C-> Last Week Close
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> 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
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Nifty - View & Intraday Levels for - 05 Jan 2023Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : BEARISH / Negative Sentiment - Flat / Small Gap up Open from Close and BEARISH Reversal from CPR 18102.
Currently Nifty is trading below monthly CPR and there was strong rejection today which indicates the BEARISH move in the upcoming days.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty - View & Intraday Levels for - 29 Dec 2022Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : BIG Gap Up Open - Short Covering Fall / Sideways
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Simple Trade Setup | NIFTY | EXPIRY [22-12-2022 INTRADAY]NSE:NIFTY
Trade Setup for 22-12-2022
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 50 ANALYSIS FOR 15 DEC 2022 TARGET HIT!!TARGET HIT!!!
(Nifty 50 has formed bearish spinning top candle on daily time frame.
further in 15 mins time frame we can see that 18650 is an important support level for nifty .
if nifty breaks the previous day low that is 18630 initiate short position with target of 18550-18500
also see global markets nifty may open in gap up and come into selling pressure in the second.
take your trades based on the given levels.
if nifty opens gap up and breaks 18700 then buying can be seen if side ways no trade if it breaks 18630 short...)
NIFTY 50 ANALYSIS for 15 Dec 2022 (Short opportunity)Nifty 50 has formed bearish spinning top candle on daily time frame.
further in 15 mins time frame we can see that 18650 is an important support level for nifty.
if nifty breaks the previous day low that is 18630 initiate short position with target of 18550-18500
also see global markets nifty may open in gap up and come into selling pressure in the second.
take your trades based on the given levels.
if nifty opens gap up and breaks 18700 then buying can be seen if side ways no trade if it breaks 18630 short...
Nifty - View & Intraday Levels for - 15 Dec 2022Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : BEARISH / Negative Sentiment = Strong BEARISH
Nifty is showing weakness and being expiry we can expect good fall until Nifty closes 18680.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty intraday levels for 15.12.2022Resistance level:18695
Support level : 18622.45
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research