NIFTY Intraday Trade Setup For 20 Mar 2025NIFTY Intraday Trade Setup For 20 Mar 2025
Bullish-Above 22950
Invalid-Below 22900
T- 23125
Bearish-Below 22800
Invalid-Above 22850
T- 22635
NIFTY has closed on a slight bullish note with 0.32% gain today. Yesterday we discussed that 22900 will act as a confluence zone as that was 50% retracement zone , which resulted into sideways market. Index is at striking distance from 50 EMA in daily TF. Intraday traders should lower position size as it is a confluence zone in which bulls and bears may start tug of war. Let breakout happen or resistance to be taken.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22950 then we will long for the target of 23125.
For selling we need a 15 Min candle close below 22800. T- 22635.
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.
Niftyforecast
NIFTY Intraday Trade Setup For 19 Mar 2025NIFTY Intraday Trade Setup For 19 Mar 2025
Bullish-Above 22900
Invalid-Below 22850
T- 23125
Bearish-Below 22680
Invalid-Above 22730
T- 22470
NIFTY has closed on a bold bullish note with 1.45% gain yesterday. 4 days range that we discussed was shifted last day and gave a very good momentum in the upside. Buy targets were achieved almost in flow. Now 22900 looks like a confluence zone as that's 50% retracement from previous swing high in daily TF, may act as resistance. In case it gives pullback breakout then will consider buy. 22680 will be intra support.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22900 then we will long for the target of 23125.
For selling we need a 15 Min candle close below 22680. T- 22470.
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.
NIFTY50 - TRADING NEAR KEY SUPPORT ZONESymbol - NIFTY50
CMP - 22250
The Nifty50 index continues to maintain a negative bias, with the price action suggesting that it remains within bearish trend. This indicates the continuation of the downtrend, though we are currently seeing the index testing key support levels. At the moment, Nifty is trading near the 22200 area, which is a critical support zone. Technical indicators are also hinting at the fact that markets are oversold at current levels. Given the underlying support zone & oversold conditions, there's a high probability of a short-term bounce before the downward momentum resumes.
Looking at the immediate price structure, we are likely to witness a potential retracement towards resistance zones around 22800 and 23000. These levels are in line with the Fibonacci retracement levels, offering opportunities to enter long positions with a favorable risk-reward ratio. Traders can look for a bounce from current support levels and expect a move towards these resistance zones.
we are now at a critical juncture where a potential bounce could provide opportunities for short-term longs.
Given the technical setup, I am taking long positions in Nifty Futures at CMP 22250. I will look to add more positions if the price reaches 22100-22050 range. My SL is set at 21970 to manage risk, ensuring protection in case the price fails to hold the demand zone and continues lower.
Key resistance remains around 23400. A sustained move above this range could suggest a potential shift from a bearish trend to a neutral or even bullish outlook. However, until the index decisively moves above these levels, the preferred strategy remains to sell at resistance and buy at support, capitalizing on any short-term retracements.
In conclusion, while the short-term outlook offers potential for a bounce, the broader trend remains bearish. Therefore, the approach should be to look for long positions at favorable support levels.
Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NIFTY Intraday Trade Setup For 26 Feb 2025NIFTY Intraday Trade Setup For 26 Feb 2025
Bullish-Above 22630
Invalid-Below 22580
T- 22810
Bearish-Below 22500
Invalid-Above 22550
T- 22295
NIFTY has closed on a flat note today but overall market was bearish as morning bounce was sold into and day ended near day low. We have been following sell on rise approach till index closes below 50 EMA in daily TF. Also any correction move in hourly TF will be indicated if index closes above PDH in daily TF. 22630 and 22500 are intraday levels for tomorrow's session.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22800+.
For selling we need a 15 Min candle close below 22500. T- 22290.
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 5 Feb 2025NIFTY Intraday Trade Setup For 5 Feb 2025
Bullish-Above 23770
Invalid-Below 23720
T- 24050
Bearish-Below 23500
Invalid-Above 23550
T- 23250
NIFTY has closed on a bullish note with 1.62% gain today. It has closed above 50 EMA in daily TF after almost 2 months. Index has consolidated within small range for last 20 days, it has started to rise again but I wont turn bullish until it gives a pullback and then start to make a bullish price structure in daily TF. Since it has closed above EMA bullishness may continue tomorrow above 23770.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23770 then we will long for the target of 24050.
For selling we need a 15 Min candle close below 23500. T- 23245.
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 6 Jan 2025NIFTY Intraday Trade Setup For 6 Jan 2025
Bullish- Above 24230
Invalid-Below 24180
T- 24500
Bearish-Below 23900
Invalid-Above 23950
T- 23650
NIFTY has closed on a slight bullish note last week but technically it is a neutral candle. In daily TF, 50 EMA is tested and got rejected. Now if index gives 50 EMA breakout then we will maintain buy on dips approach. 24250 is the last hourly swing high, an important level for bullish reversal.23200 is major weekly level, breakdown will lead to a short term crash.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24230 then we will long for the target of 24500+.
For selling we need a 15 Min candle close below 23900. T- 23650.
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.
Corrective rise in Reliance The current upmove in Reliance is corrective.
The recent low was made near the 111% level, which is considered the wave B level of Flat Correction.
The price is in wave C currently.
If anyone is interested in buying Reliance, there is a buying opportunity in the blue box. The stop loss will be below wave B.
The targets are open as:
Minimum 61.8% (the price is near this level)
Rule of equality 100%
Extended golden ratio 161.8%
This analysis is based on Elliott Wave theory and Fibonacci.
This is not buying recommendations.
Always do your research before taking any action.
For educational purposes only.
NIFTY Intraday Trade Setup 30 Dec 2024NIFTY Intraday Trade Setup 30 Dec 2024
Bullish-Above 23965
Invalid-Below 23915
T- 24200+
Bearish-Below 23790
Invalid-Above 23840
T- 23550
NIFTY has closed on a halt note with minor gain of 0.96% last week. It has traded in a narrow range of 1% the whole week. It has compressed and formed a inside candle in weekly TF. We will maintain bearish stance and sell on rise approach till index trades below 50 EMA. Bearish sentiment will be stronger till it closes below PDH. 23965 and 23790 are intra levels for Monday.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23965 then we will long for the target of 24200.
For selling we need a 15 Min candle closes below 23790. T- 23550.
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 24 Dec 2024NIFTY Intraday Trade Setup For 24 Dec 2024
Bullish-Above 23900
Invalid-Below 23850
T- 24118
Bearish-Below 23530
Invalid-Above 23580
T- 23230
NIFTY has closed with 0.7% gain today. It is a doji candle in daily TF and whole closing gain is contributed though gap up. 23900 and 23530 looks a range as of now. Breakout of this will trigger move either side. Best trade looks in short side as market is sell on rise. Nothing triggered as per trade setup today.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23900 then we will long for the target of 24118.
For selling we need a 15 Min candle close below 23530. T- 23230.
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 20 Dec 2024NIFTY Intraday Trade Setup For 20 Dec 2024
Bullish-Above 24010
Invalid- Below 23960
T- 24220
Bearish-Below 23850
Invalid-Above 23900
T- 23650
NIFTY has closed on a bearish note with 1% cut today. It opened with a big gap down due to global cues and it sustained the gap down. 10 o'clock range was to be used but index traded between the same for the whole day. 24k was tested multiple times so if index sustains above 24k then chance of a gap filling can be there. Below 23850 plain vanilla trendy short can be planned.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24010 then we will long for the target of 24220.
For selling we need a 15 Min candle close below 23850. T- 23650.
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 17 Dec 2024NIFTY Intraday Trade Setup For 17 Dec 2024
Bullish-Above 24860
Invalid-Below 24810
T- 25150
Bearish-Below 24570
Invalid-Above 24630
T- 24310
NIFTY has closed on a bearish note with 0.4% cut today. It has formed an inside candle in daily TF at previous swing high. In case it breaks 24800 tomorrow then a good momentum in the higher side can be seen as per compression setup. In case 24570 is broken then it can trigger a fall towards 24300.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24860 then we will long for the target of 25150.
For selling we need a 15 Min candle close below 24570. T- 24310.
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 16 Dec 2024NIFTY Intraday Trade Setup For 16 Dec 2024
Bullish-Above 24870
Invalid-Below 24820
T- 25150
2nd Buy-From 24485
Invalid-Below 24435
T- 24660
NIFTY has closed on a slight bullish note with 0.37% gain last week. Whole week was contracted and only on last day of the week there was good length move in intraday. It has formed an inside candle in weekly TF which also resembles contraction. Overall index is buy on dips till it is above 50 EMA in daily TF. 24870 is the breakout level and 24485 is strong support zone.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24870 then we will long for the target of 25150.
We will buy from 24485 in case it is tested. T- 24660.
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 12 Dec 2024NIFTY Intraday Trade Setup For 12 Dec 2024
Buy- Above 24700
Invalid-Below 24650
T- 24850
Bearish-Below 24490
Invalid-Above 24540
T- 24250
NIFTY has closed almost on a flat note with 0.13% gain today. We discussed in the weekend that index will be sideways between 24850 and 24500. Its been three sessions and index is just consolidating between this range. For any directional move we need breakout of this range or else we will still maintain non- directional approach. However 24700 and 24490 can be tomorrow's levels to watch out.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24700 then we will long for the target of 24850.
For selling we need a 15 Min candle close below 24490. T- 24250.
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 9 Dec 2024NIFTY Intraday Trade Setup For 9 Dec 2024
Bullish-Above 24860
Invalid-Below 24810
T- 25150
Bearish-Below 24490
Invalid-Above 24540
T- 24250
NIFTY has closed on a bullish note with 2.27% gain last week. It has changed price structure to bullish above 24400. Now it is likely to be a buy on dip market till it trades above 50 EMA in daily TF. Next hourly resistance is placed near 25250 above that post rejection it may hit ATH again. 24860 and 24490 is the range to wait for breakout for a directional move.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24860 then we will long for the target of 25150.
For selling we need a 15 Min candle close below 24490. T- 24250.
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 2 Dec 2024NIFTY Intraday Trade Setup For 2 Dec 2024
Bullish-Above 24190
Invalid-Below 24140
T- 24415
Sell-Below 24060
Invalid-Above 24110
T- 23850
NIFTY has closed on a bullish note with 1% gain last week. It filled the gap created on 25 Nov then recovered and formed a Pinbar candle in weekly charts. 24400 is last swing high in daily TF. Breakout will initiate a bullish reversal move. 50 EMA is also placed at swing high, breakout will turn sentiment bullish. 24190 and 24060 are intraday levels for next session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24190 then we will long for the target of 24415.
For selling we need 15 Min candle close below 24060. T- 23850.
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 2 Nov 2024NIFTY Intraday Trade Setup For 2 Nov 2024
Bullish-Above 24190
Invalid-Below 24140
T- 24415
Sell-Below 24060
Invalid-Above 24110
T- 23850
NIFTY has closed on a bullish note with 1% gain last week. It filled the gap created on 25 Nov then recovered and formed a Pinbar candle in weekly charts. 24400 is last swing high in daily TF. Breakout will initiate a bullish reversal move. 50 EMA is also placed at swing high, breakout will turn sentiment bullish. 24190 and 24060 are intraday levels for next session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24190 then we will long for the target of 24415.
For selling we need 15 Min candle close below 24060. T- 23850.
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 29 Nov 2024NIFTY Intraday Trade Setup For 29 Nov 2024
Sell_1_From 24160
Invalid-Above 24210
T- 23950
Bearish-Below 23840
Invalid-Above 23890
T- 23570
NIFTY has closed on a bearish note with 1.49% cut today. Yesterday we discussed that we need last 3 days range breakout in order to get a directional move. Range broke downside and sell triggered below 24120 and hit first target very smoothly. Tomorrow in case of a pullback towards 24160 we will short from golden fib zone.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 23840 then we will short for the target of 23570.
In case of pullback we will short from 24160. T- 23570.
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 28 Nov 2024NIFTY Intraday Trade Setup For 28 Nov 2024
Bullish-Above 24360
Invalid-Below 24310
T- 24632
Bearish-Below 24120
Invalid-Above 24170
T- 23848
NIFTY has closed on a slight positive note with 0.33% gain today. Since last 3 sessions index has been trading sideways between 24350 and 24120. In daily TF index is consolidating just below 50 EMA. On breakout of 50 EMA in daily TF overall bullish sentiment will be triggered across sectors. 24360 and 24120 are intraday levels for tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24360 then we will long for the target of 24632.
For selling we need a 15 Min candle closes below 24120. T- 23848.
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 18 Nov 2024NIFTY Intraday Trade Setup For 18 Nov 2024
Bullish-Above 23690
Invalid-Below 23640
T- 23910
Bearish-Below 23480
Invalid-Above 23530
T- 23213
NIFTY has closed on a bearish note with 2.55% cut last week. Last weekend we discussed that index will be gripped by bears below 24k. It gave a non-stop move till 23500. Now index may find support near 23150 zone as per half bat pattern (0.618).
Index has formed an inverted hammer candle in daily TF near channel lower in daily TF so above its high it can be validated or else it will be sell on rise.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23690 then we will long for the target of 23910.
For selling we need a 15 Min candle close below 23480. T- 23213.
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 12 Nov 2024NIFTY Intraday Trade Setup For 12 Nov 2024
Bullish-Above 24390
Invalid-Below 24340
T- 24605
Bearish-Below 24000
Invalid-Above 24050
T- 23675
NIFTY has closed on a flat note today after giving both side moves in intraday. 24k acted as a strong support today. Now if index goes below 24k bearish move towards 23700 zone will be initiated. It has been said multiple times that index is sell on rise and is still valid till it trades below 50 EMA in daily TF. 24390 and 24000 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24390 then we will long for the target of 24605.
For selling we need a 15 Min candle close below 24k. T- 23675.
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 12 Nov 2024NIFTY Intraday Trade Setup For 12 Nov 2024
Bullish-Above 24280
Invalid-Below 24230
T- 24500+
Bearish- Below 24050
Invalid-Above 24100
T- 23775
NIFTY has closed with slight cut of 0.64% last week. It has formed a spinning top candle in weekly TF which indicates either halt of ongoing selling which later can result into reversal on further confirmation or a continuation below its low- 23800. Overall market is sell on rise till it regains 50 EMA in daily TF. 24280 and 24050 are intraday levels.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24280 then we will long for the target of 24500+.
For selling we need a 15 Min candle close below 24050. T- 23775.
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 7 Nov 2024NIFTY Intraday Trade Setup For 7 Nov 2024
Bullish-Above 24550
Invalid-Below 24500
T- 24800 25050
Bearish-Below 24280
Invalid-Above 24330
T- 24020
NIFTY has closed on a bold bullish note with 1.12% gain today. It has almost touched 23700 zone, made a low of 23816.15 on 4 Nov. So our swing sell target was met. It has closed above PDH so bearish sentiment is void now chance of a halt or bullish reversal is on cards. 24550 and 24280 are intra levels for tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24550 then we will long for the target of 24800 and 25050.
For selling we need a 15 Min candle close below 24280. T- 24022.
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.