NIFTY Intraday Trade Setup For 1 Feb 2023NIFTY Intraday Trade Setup For 1 Feb 2023
Buy-Above 17740
Sl-17690
T-17900 18040+
Sell-Below 17535
Sl-17585
T-17405 17165
NIFTY has closed on absolute flat note for the second consecutive day. Calm before the storm and nothing else; total contraction in hourly TF. I hope everyone closed any swing position carrying positionally. Important levels in hourly TF are 17740 and 17400. Breakout of this range will trigger the next directional move. For safe traders it better to avoid trading tomorrow as it will be sentimental moves. However a directional move will be seen post 12 o'clock. Its a common thing since last many Budgets in the past. Daily candle is looks like a buyer sentiment candle above its high bullishness may continue and below its low aggressive selling can also be seen.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17740 then we will long. T- 17900,18040. Ext- 18300.
For selling we need a 15 Min candle close below 17535. T- 17405. Below 17400 it can dive till 17165. Ext T- 17000.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Niftyforecast
FASP levels for Nifty 01/02/2023The FASP for Nifty is listed for 01-02-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY Intraday Trade Setup For 31 Jan 2023NIFTY Intraday Trade Setup For 31 Jan 2023
Buy-Above 17710
Sl-17660
T- 17805 17900+
Sell-Below 17405
Sl-17455
T-17285 17165
NIFTY has closed on a mild bullish sentiment with 0.25% today. This was yet another volatile day ahead of Union Budget. It made wild swings of 260 points up, 300 points down and then again 260 points up. It opened with 60 points gap down and then traded inside 10 o'clock range overall. After a complete parabolic down move of almost 800 points now it is showing signs of pause as it is likely to give a pullback, small or big. Tomorrow's closing is important for the Budget day as per technical however sentimental will be overpowered.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17710 then we will long for the target of 17805 and 17900+.
For selling we need a 15 min candle close below 17405.T- 17285 and 17165. 17508 is important to watch as intraday support.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
FASP levels for Nifty 31/01/2023The FASP for Nifty is listed for 31-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY Intraday Trade Setup For 30 Jan 2023NIFTY Intraday Trade Setup For 30 Jan 2023
Buy-Above 17635
Sl-17585
T- 17745 17850
Sell-Below 17490
Sl-17540
T- 17395 17295 17165
NIFTY has closed on a bearish sentiment last day and last week. Last week it closed with 2.35% cut. A parabolic down move was seen last week. Weekly range which was valid for last 1 month shifted last week. After a pullback below the recent swing low it is likely to continue its down move till projected target which was discussed on 13 Jan 2023. As of now its a complete parabolic move which can be seen across TF be it daily, hourly, 15 Min or even 5 Min. So we are likely to give pullback of the whole down move. Initial pullback can come till 17850 and this will be confirmed with bullish price action in 5/15 Min TF.
Coming to Monday's trade setup if index opens flat and a 15 Min candle closes above 17635 then we will long for the target of 17745 and 17850.
For selling we need a 15 Min candle close below 17490. T- 17395,17295 and extended target will be 17165.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NIFTY CONFIRM TARGETS FOR 30 JAN 2023 Nifty Confirm Targets with Support and Resistance For Monday
Next Weekly Expiry on 02 Feb 2023
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 17434 - 17445
Second Support Zone For nifty50 – 17348 - 17364
Third Support Zone For nifty50 – 17143 - 17161
Resistance Zones For nifty Intraday Trading
First Resistance Zone For Nifty – 17775 - 17790
Second Resistance Zone For Nifty – 17870 - 17880
Third Resistance Zone For Nifty – 18015 - 18030
Importent Signal from Nifty Option Chain
PCR ratio as per Option Chain Analysis – 0.51 ( Bearish )
Max Pain As per Option Chain Analysis – 16900
Major Support as Per Nifty Open Interest Analysis – 17350
Major Resistance as Per Nifty Open Interest Analysis – 18050
Conclusion For Monday and Next week
Today nifty Break its Major Support ( 17775 - 17790 ) and Close below it
Next Major Support For nifty is (17348 – 17364 )
Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone
Try to Short nifty at every Resistaance and Book Profit Near Support Zone
Expecting Big Moves in Near Budget 2023 Prepraion is Going on .
Gold Future Contract Near all time High .
FASP levels for Nifty 30/01/2023The FASP for Nifty is listed for 30-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Nifty 27/01/2023The FASP for Nifty is listed for 27-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY Intraday Trade Setup For 27 Jan 2023NIFTY Intraday Trade Setup For 27 Jan 2023
Buy-Above 17950
Sl-17900
T- 18025 18125
Sell-Below 17845
Sl- 17895
T- 17765 17645
NIFTY has closed on a complete bearish sentiment with 1.25% cut. It was bearish since opening. Market opened flat and sell triggered below 18075. It was a complete parabolic move till 17850. All sell targets were achieved, extended targets also. Since it was a complete parabolic move no previous swing high was tested across TF. NIFTY is still inside weekly range of 18270 and 17760. However it is very close to the lower range.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17945 then we will long. T- 18025; this level is an area of short on a negative price structure, 5 Min TF. If nothing is spotted then extended long target - 18125. Trail sl aggressively.
For selling we need a 15 Min candle close below 17845. T- 17760; it is an important support post bounce if we slide below 17750 then we will head towards 17645.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NIFTY Intraday Trade Setup For 25 Jan 2023NIFTY Intraday Trade Setup For 25 Jan 2023
Buy-Above 18135
Sl-18085
T-18200 18265-90
Sell-Below 18075
Sl-18125
T- 17997 17923
NIFTY has closed on absolute flat note. Contraction ahead of budget has been updated since last 3 weeks here. So there is absolutely no surprise by these neutral closing across timeframes. Today it opened with a slight gap up but directly at 1st target 18200. As usual that acted resistance and it crashed all the way till 18080. 10 o'clock range broke downside below 18155 and swiftly made a low of 18078.65. Almost 1:2 was achieved. Previous swing high being as usual sl which was day high. Next leg of up move will be triggered above today's high if sustained.
Comin to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18135 then we will long for the target of 18200 and 18265-90.
For selling we need a 15 Min candle close below 18075. T- 17997, post bounce if 17990 is sustained then we will hit 17900 zone.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NIFTY Intraday Trade Setup For 24 Jan 2023NIFTY Intraday Trade Setup For 24 Jan 2023
Buy-Above 18140
Sl-18090
T- 18205 18265-90
Sell-Below 18075
Sl-18125
T-17997 17922
NIFTY has has closed on a bullish sentiment with 0.5% gain today. BTW this gain is entirely contributed by gap up. And due to this case it has made absolute doji in daily TF. These days dojis are common be it in weekly TF where consecutive doji candles have been formed and now in daily TF. These are due to the Union Budget. Complete indecisiveness and contraction ahead of Budget. Today it opened with gap up and traded within 10 o'clock range entire day.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18137 then we will long for the 18205 AND 18265-90. Extended T- 18355.
For selling we need a 15 Min candle close below 18075. T- 17997 and 17923.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
FASP levels for Bank Nifty 24/01/2023The FASP for Nifty is listed for 24-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY Intraday Trade Setup For 23 Jan 2023NIFTY Intraday Trade Setup For 23 Jan 2023
Buy-Above 18060
Sl-18010
T-18120 18180+
Sell-Below 18015
Sl-18065
T- 17922 17850
NIFTY has closed on a bearish sentiment on Friday with 0.44% cut. The weekly range - 18270 and 17760 is still valid. Its been more than a month NIFTY is contracting in this tight range of 500 points. Range shift targets are already shared a week before. In between it will be swimming pool moves; range bound trading. Market is contracting for an explosive move either side that will be triggered by Union Budget which is in 10 days. There is a holiday in between on 26th Jan.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18060 then we will long for the target of 18120 and 18180+
For selling we need a 15 Min candle close below 18015. T- 17922. Post bounce if we slide below 17920 then we will hit 17850.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
FASP levels for Nifty 23/01/2023The FASP for Nifty is listed for 23-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY Intraday Trade Setup For 20 Jan 2023NIFTY Intraday Trade Setup For 20 Jan 2023
Buy-Above 18185
Sl-18135
T-18265 18332
Sell-Below 18060
Sl-18110
T-17981 17921
NIFTY has closed with a slight bearish sentiment today with 0.32% cut. It opened with a gap down due to US markets sell off last night. However selling pressure was seen in the 1st 30 Min later it recovered and tested our sell level as per trade setup. Sell triggered @ 18135 and gave 50 points profit which was 1:1. An inside candle has been formed in daily TF. Above mother candle's high and low there can a fresh move.
Coming to Friday's trade setup, if we open flat and a 15 Min candle closes above 18185 then we will long for the target of 18265 and 18332. Above 18140 on a 15 Min candle bullish momentum will start to build.
For selling we need a 15 Min candle close below 18060. T- 17981 and post bounce if 17980 is sustained then 17920 and below will be the targets.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
FASP levels for Nifty 20/01/2023The FASP for Nifty is listed for 20-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY Intraday Trade Setup For 19 Jan 2023NIFTY Intraday Trade Setup For 19 Jan 2023
Buy-Above 18185
Sl-18135
T-18265 18375
Sell-Below 18135
Sl-18185
T-18025 17925
NIFTY has closed on a positive note with 0.62% gain today. It has closed near day high which is a bullish sentiment just like it had last day. This bullishness will continue above today's high- 18185. Today it opened flat and a buy triggered as per trade setup. This trade hit 1st target very smoothly and gave more than 100 points which was 1:2. After 12o'clock index just traded inside 50 points range for the rest whole day. We will simply plan next trades on this range breakout and be strict in trailing tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 18185 then we will long for the target of 18265 and 18375.
For selling we need a 15 Min candle close below 18135. T- 18025. Post bounce we break 18020 then we will hit 17925.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
FASP levels for Nifty 19/01/2023The FASP for Nifty is listed for 19-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY Intraday Trade Setup For 18 Jan 2023NIFTY Intraday Trade Setup For 18 Jan 2023
Buy-Above 18075
Sl-18025
T-18170 18265
Sell-Below 17925
Sl-17975
T- 17850 17760
NIFTY has closed on a bullish sentiment with 0.89% gain today. It has closed near day high which is a bullish sentiment. This bullish sentiment will continue above today's high- 18075. As of now index has maintained bullish price structure in 15 Min TF. Index will turn slight bearish only when it invalidates bullish price structure in 15 MIN TF. Today market opened almost flat and buy triggered as per trade setup @ 17945 and hit 1st target. Trade gave more than 120 points profit; 1:2.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18075 then we will long for the target of 18170 and 18265.
For selling we need a 15 Min candle close below 17925. T- 17850 and 17760.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
FASP levels for Nifty 18/01/2023The FASP for Nifty is listed for 18-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY Intraday Trade Setup For 17 Jan 2023NIFTY Intraday Trade Setup For 17 Jan 2023
Buy-Above 17945
Sl-17895
T- 18050 18150
Sell-Below 17850
Sl-17900
T- 17765 17675
NIFTY has closed a slight bearish sentiment with 0.34% cut today. It opened with a slight gap up today and then fell from opening levels. We already planned that we will trade 10 o'clock range in case of gap up/down. 10 o'clock range broke downside below 17942 and gave more than 80 points which was more than 1:2. It was mentioned in the previous day trade setup that 17970 can act as a support; more than 70 points bounce was seen.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17945 then we will long for the target of 18050. Above 18050 we will hit 18150+. 18k is mid way.
For selling we need a 15 Min candle below 17850. T- 17765. Below 17760 we will hit 17675 and below.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
FASP levels for Bank Nifty 17/01/2023The FASP for BankNifty is listed for 17-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.