NIFTY Intraday Trade Setup For 29 Nov 2022NIFTY Intraday Trade Setup For 29 Nov 2022
Buy-Above 18615
Sl-18565
T-18695 18775 18855
Sell-Below 18545
Sl-18595
T-18445 18365 18295
NIFTY has closed on a positive note with 0.27% gain today. It made a fresh ATH today. Our swing long target triggered on 18 Oct 2022 @ 17430 was hit today. One can book some profit in this zone or trail tightly with TSL as last swing lows in hourly and daily TF. Today it opened with a decent gap down. Later 10 o'clock range broke upside @18550 and gave a good move till 18614, more than 60 points gain. RR was good in this trade; 1:3 was achieved.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18615 then we will long for the target of 18695, 18855 and 18930.
For selling we need a 15 min candle close below 18545. Target will be 18445, 18365 and 18295.
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
Nifty intraday levels for 29.11.2022Resistance level: 18623.90
Support level : 18491.90
****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
NiftyThe global market indicates a negative start. as per the structure, the market nature is bullish to neutral. We have already discussed that Nifty and BankNifty structures differ from each other. Nifty has bullish sentiment and BankNifty has bearish sentiment. hence, the market may act based on that which is dominant here. and another one will take consolidation.
NIFTY Intraday Trade Setup For 28 Nov 2022NIFTY Intraday Trade Setup For 28 Nov 2022
Buy-Above 18535
Sl-18485
T-18655 18775
Sell-Below 18445
Sl-18495
T- 18365 18290
NIFTY closed with winning streak this week. It has closed with more than 1% gain this week. On Friday it closed almost flat but near day high; a sign of bullish sentiment. We had taken long position @ 17430 for the target of 18645+. This was triggered on 17 Oct 22. We have been trailing sl as market is moving. As of now our TSL is the last swing low in daily TF- 18130. Anyways we are at striking distance from our target. Very smoothly we have gained more than 6% in 30+ days.
Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 18535 then we will long for the target of 18655 and 18775. BTW 18605 is the 1st target as it is important.
For selling we need a 15 Min candle close below 18445. Target will be 18365 and 18295.
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 Daily Levels Update For Option Day Trading for 28 Nov Nifty One Hour Chart Analysis For Intraday Trading
Nifty Down Side Targets / Nifty Support Zones -
First Support Zone For Nifty - 18442 -18455
Second Support Zone For Nifty –18379 - 18385
Third Support Zone For Nifty – 18298 - 18314
Nifty Up Side Targets / Nifty Resistance Zones -
First Resistance Zone For Nifty - 18540 -18528
Second Resistance Zone For Nifty - 18604 -18590
Importent Signal from Nifty Option Chain -
PCR ratio as per Option Chain Analysis – 1.05 ( Bullish )
Max Pain As per Option Chain Analysis – 18500
Major Support as Per Nifty Open Interest Analysis - 18500 & 18300
Major Resistance as Per Nifty Open Interest Analysis - 18500 & 19000
India Vix Closing - 13.33
Nifty intraday levels for 28.11.2022Resistance level: 18563.90
Support level : 18451.60
****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
NiftyThe global market indicates a neutral start. The market nature is bullish. The market may start a little bit of gap-down, if the market breaks the previous day's high, we expect a rally continuation with little consolidation. On the other hand, if the market breaks the bottom of the pullback sharply, we expect consolidation for a correction.
NIFTY Intraday Trade Setup For 25 Nov 2022NIFTY Intraday Trade Setup For 25 Nov 2022
Buy-Above 18530
Sl-18480
T-18655 18775
Sell-Below 18400
Sl-18450
T-18295 18210
NIFTY has closed with a positive note with 1.19% gain today. It was trending since morning. Buy triggered as per trade setup @ 18326 and hit both targets. Also the range (18450-18130) broke upside which was valid since last 4 days. The buy trade gave more than 200 points gain. No trailing sl was hit in 5 Min chart. It was slow and steady move except the last 30 min. Gain in NIFTY is contributed majorly by IT stocks. We will hit fresh ATH tomorrow most probably.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 18530 then we will long for the target of 18655. Above which we will hit 18775 and 18930.
For selling we need a 15 Min candle close below 18400. Target will be 18295, 18210 and 18130.
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 levels for 25.11.2022Resistance level: 18648.85
Support level : 18362.90
****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
Intraday Nifty Anaysis Expiry DayHey All,
welcome to my Nifty Analysis,
here i have made some view about nifty moves.
Indiavix is still below 15, that means not good trade for CE or PE buyers.
Have to take trade on selling.
It just my view, if its working fine will update you.
Kindly follow and like the button,
So that you will get to know best Trade Setup and Learn more.
Every Day we learn new Setup and Strategy.
Be a good learner as me!
Thanks
and Let see Where the market Goes.
Defining-
Support are where the buyers are waiting, i have seen below also some demand zone,
I have market that too, as per me!
it goes below. and while typing is moving downwards!
better to publish this quickly,
will do comment if there is any update!
Thanks Again!
NiftyThe global market indicates a positive start. the market nature is neutral to slightly bullish. if the market breaks the previous day high, then we will expect a rally continuation. On the other hand, if the market breaks the previous day closing price, then we will expect the range-bond market to correction continuation.
Morning Mantra, 24th November 2022Since we have been observing that from the last 2 days, Nifty has been trading in a consolidation zone, thereby let us consider today as a No Trade Day!
Moreover, since today is the monthly expiry, so let us wait and watch for a clear cut indication from the Market.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 18267.25 (23.05)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 24 Nov 2022NIFTY Intraday Trade Setup For 24 Nov 2022
Buy-Above18326
Sl-18275
T-18335 18445
Sell-Below 18245
Sl-18295
T-18195 18135
NIFTY has closed on a flat note with a slight gain of 20 points today. It was a Open=High day which created a bearish sentiment and at the time of closing it closed at day low. Our TSL for swing long (triggered @ 17430 on 18 Oct) is 17950 which is the last swing low in daily TF. Now shift the TSL to 18130 as it is the last swing low now. As of now range is 18450 and 18130. Breakout of this range will trigger the next move either side.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18326 then we will long for the target of 18385 and 18445.
For selling we need a 15 Min candle close below 18245. Target will be 18195 and 18135.
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 levels for 24.11.2022Resistance level: 18330.70
Support level : 18260.85
****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
Nifty daily analysis for 24/11/22.The market has formed a negative candle on the daily time frame.
After a gap up opening, the market came for selling and has taken support from 20 ema during the closing hour of the trading session.
The market is not for intraday trading as the market keeps on consolidating and giving move during the last hour.
On 15 minute time frame, the candle crossed the 20 ema and is taking support from 200 ema.
Support :- 18250, 18200, 18120
Resistance :- 18325, 18385, 18440
Nifty has filled the gap formed by the gap up and has closed near the day low.
Wait for the price action near the level before entering the markets.
Morning Mantra, 23rd November 2022Just as we had stated yesterday about the positive sentimental rally towards the level of 18500, similarly we could also observe a healthy closing in Nifty with a positive 84.25 points, yesterday.
On a positive note, we can now observe a beautiful bullish harami formation on the day chart of Nifty, along with a Doji formation on the weekly chart (as of now) . Which altogether is indicating a positive reversal from here.
So, as of now with these positive formations on the chart, we are quite positively hopeful for the level of 18500.
In the meanwhile, be stock specific, start following the cherry picking strategy with the support level of 17800.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 18244.20 (84.25)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup 23 Nov 2022NIFTY Intraday Trade Setup 23 Nov 2022
Buy-Above 18265
Sl- 18215
T- 18330 18390 18440
Sell-Below 18195
Sl-18245
T- 18133 18050 17950
NIFTY has closed on a positive note with 0.46% gain today. Buy triggered as per trade setup @ 18175 when a 15 Min candle closed above the level. It hit our 1st target slowly and steady without hitting any TSL in 5 Min TF. Buy trade gave more than 80 points profit. Sentiment is mild positive as it closed at day high. This positivity will continue above today's high. Previous day low 18130 is important for downside. Above 18450 we will head higher firmly.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle close above 18265 then we will long for the target of 18332, 18390 and 18440.
For selling we need a 15 Min candle close below 18195. Target will be 18135. Below 18130 we will hit 18050 and 17960.
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 daily analysis for 23/11/22.Nifty on the daily time frame has formed an inside candle and a tweezer bottom type of pattern.
The market has consolidated whole day and in the closing hour market gained some points closing around 18250 level.
On the hourly time frame, the market has crossed the 20 ema and closed above it.
Nifty, on 15 minute time frame, has closed above both the moving averages and consolidated whole day in 20 points range.
Support :- 18200, 18120, 18070
Resistance :- 18260. 18325
The market are not giving much opporunity to the intraday traders. Watch for a trend market to capture the move.
Wait for the price action near the levels before entering the markets.
Nifty intraday levels for 23.11.2022Resistance level: 18305.35
Support level : 18200.95
****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
Morning Mantra, 22nd November 2022A Gap down opening along with a few doji formations on yesterday's hourly chart, has been a clear indication of the indecisive mode of the Market.
Wherein, we had clearly seen a beautiful rally in the PSU Banks, which has somehow proven being stock specific, as absolutely correct.
So, altogether we are still with our words that with the support level of 17800 in Nifty, we are hopeful for a positive sentimental rally towards 18500.
Therefore, until then be stock specific and follow the Cherry Picking Strategy for long term.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 18159.95 (-147.70)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 22 Nov 2022NIFTY Intraday Trade Setup For 22 Nov 2022
Buy-Above 18175
Sl-18125
T- 18260 18330
Sell-Below 18130
Sl-18180
T-18050 17960
NIFTY closed on a negative note with 0.81% cut. Today sell triggered as per trade setup and hit our 1st target. 1st target which was plotted @ 18133 acted as support whole day. The sell trade was the only best trade bcs after 10 o'clock it just turned sideways and traded within 50 points range for the rest 5 hours.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 18175 then we will long for the target of 18260 and 18330. We will buy only when it opens flat and a 15 Min candle closes above or else we will ignore.
For selling we need a 15 Min candle close below 18130. Target will be 18050 and 17960. 17950 area is a support 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 levels for 22.11.2022Resistance level: 18180.95
Support level : 18138.40
****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
NiftyThe global market indicates a negative start. Market nature is neutral to slightly negative. if the market takes consolidation without breaking the previous day low, then we will expect a pullback. on the other hand, if the market breaks the previous day low, then we will expect correction continuation.