Nifty Analysis: Potential Bearish Flag Pattern?The recent market activity suggests caution for Nifty as a potential bearish flag pattern might be forming. We've observed a "sell on rise" behavior over the past 3-4 sessions, indicating bearish sentiment. For Nifty to break free from this bearish spell, it needs to sustain above the 24,640 mark.
Key Levels to Watch:
Immediate Support: 23,940
Immediate Resistance: 24,390 and 24,490
Traders should keep an eye on these levels for any breakouts or breakdowns, as they will be crucial in determining the market's next direction. A decisive move above 24,640 could signal a shift in momentum, while failure to hold above this level may reinforce the bearish outlook.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions. Trading in financial markets involves risk, and past performance is not indicative of future results.
Niftyidea
Simple Trade Setup | NIFTY | 03-06-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 03-06-2022
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 Daily Levels Update For Option Day TradingHow to know Nifty is bullish or bearish?
Buy ATM Call Option - If Nifty sustain above - 16040
STOP-LOSS - After taking Trade if any 30 min. Candle Closes Below 16000
TARGET- 16240
Buy ATM Put Option - Below 16000 ( Nfty Support )
STOP-LOSS - After taking Trade if any 30 min. Candle Closes Above 16040
TARGET- 15740, 15450
For More Details Search in Google - Nifty levels by Manoj Shinde 27485
Simple Trade Setup | NIFTY | 09-05-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 09-05-2022
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 | 10-02-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, it took support from 100EMA and closed just above 50DMA.
Please refer below chart : 1day Time Frame.
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Trade Setup for 09-02-2022
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 Expiry Trade Setup | 27th January 2022Nifty opened with a Gap-down, made a low around 16830 in the first 15 mins, showed great recovery from lower levels and touched 17300 by day close.
Trades we took Today:
> Bought Nifty 17000 CE at 195 and added more at 175 which we booked at 200 due to slow movement
> Bought Nifty 17250 PE at 210 which we booked with 20 points loss
> Bought Nifty 17050 CE at 195, it made high above our Last Target 250 and Traders booked great profit in this Trade
Overall, a good day for Nifty Option Buyers.
Tomorrow, if Nifty sustains above 17300 we may see an upmove.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:00.
Intraday Levels:
Buy Above - 17300
Sell Below - 17180
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 24th JanuaryNifty opened with a gap-down below Thursday low 17650, we saw further selling in the morning and Nifty made low around 17520 in the first 15 mins. Nifty showed a good recovery towards 17700 but it couldn't sustain at upper levels.
SGX Indicating a gap down if Nifty sustains below 17480, further selling is expected.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17640
Sell Below - 17480
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 21st January 2022Nifty opened flat today and we saw selling in the morning, Nifty broke 17880 which was our selling level and we saw good 100 points fall from that zone.
Trades we took Today:
> Bought Nifty 17850 CE at 195 which we booked with 10 points loss
> Bought Nifty 18000 PE at 195 which went above our Last Target 245 and Traders booked profit in this Trade
> Bought Nifty 18000 PE again at 255 which went above our Last Target 310 and Traders booked profit in this Trade
Overall, a good day for Nifty Option Buyers.
Tomorrow, we can see an upmove if Nifty sustains above 17800.
Expectations for Tomorrow: Trend day.
Intraday Levels:
Buy Above - 17800
Sell Below - 17700
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 19th January 2022Nifty opened with a Gap-up above our Buy Level 18320 and we saw rejection in the morning from 18350 zones. Nifty took support around 18200 and showed recovery towards 18320 but price gained faced the rejection and we saw sharp selling in last hour.
Trades we took Today:
> Bought Nifty 18200 CE at 175 which we booked with 20 points loss
> Bought Nifty 18150 CE at 175 which we booked with 20 points loss
> Bought Nifty 18500 PE at 210 which went above our Last Target 260 and Traders booked profit in this Trade
We took a few trades in Nifty as BN was giving a good move.
Tomorrow, we can see a follow-up downside if Nifty breaks 18080.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 18200
Sell Below - 18080
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 14th January 2022Nifty opened with a small Gap-up around 18258 and we saw selling from higher levels which brought Nifty near to 18160 which was a support zones. Nifty showed a good recovery and close above 18250.
Trades we took Today:
> Bought Nifty 18150 CE at 210 which we booked with 15 points loss
> Bought Nifty 18400 PE at 235 which went above our 2nd Target 265 and Traders booked good profit in this Trade
> Bought Nifty 18400 PE again at 225 and it went above our 3rd Target 256 and Traders booked good profit in this Trade
> Bought Nifty 18150 CE at 190 and carrying for tomorrow
Overall, Nifty Option Buyers booked profit on Range-bound Expiry.
Tomorrow we are expecting a positive session and Nifty may open with a Gap-up.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 18280
Sell Below - 18200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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
Nifty Intraday Trade Setup | 12th January 2022Nifty opened flat today, we saw selling at open but 17970-17950 acted as support and Nifty gave 100 points recovery from lower levels.
Trades we took Today:
> Bought Nifty 17900 CE at 170 which we booked with 10 points loss
> Bought Nifty 18150 PE at 195 which went above our 1st Target 215 and Traders booked profit in this Trade
> Bought Nifty 17900 CE at 185 which went above our 3rd Target 220 and Traders booked great profit in this Trade
Overall, Nifty Option Buyers some profit on Choppy Day.
Nifty is forming a rising wedge on 15 mins time-frame, be cautious at upper levels we may see profit booking.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 18080
Sell Below - 18000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 10th January 2022Nifty opened with a Gap-up above our Buy level 17800 and we saw good upmove in the morning towards the 17900 zones. That was a resistance zone, we took a short position at the top and booked at 17720.
Trades we took Today:
> Bought Nifty 17900 PE at 175 which we booked with 20 points loss
> Bought Nifty 17900 PE Jan Expiry at 265 and added more at 240 which made a high around 350 and Traders booked great profit in this Trade
Overall, it was a great day for Nifty Option Buyers.
Tomorrow, we can see a down-move once Nifty breaks the yellow support line on the downside.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17850
Sell Below - 17770
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 7th January 2022Nifty opened with a big Gap-down, we saw further sell-off in the morning and Nifty made a low near 17650 which acted as support and we saw almost 140 points recovery from lower levels.
Trades we took Today:
> Bought Nifty 17700 CE at 210 which we booked with 20 points loss
> Bought Nifty 17800 PE at 180 which went above our Last Target 234 and Traders booked good profit in this Trade
> Bought Nifty 17700 CE at 165 which went above our Last Target 210 and Traders booked good profit in this Trade
Overall, it was a great day for Option Buyers.
Tomorrow if Nifty sustains below 17720, we may see a fast down move in the morning.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17800
Sell Below - 17720
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Expiry Trade Setup | 6th January 2022Nifty opened a flat and after consolidation in the morning, Nifty broke our Buy level 17830 and again we saw a good positive day.
Trades we took Today:
> Bought Nifty 17650 CE at 175 which we booked at the cost
> Bought Nifty 18050 PE at 220 which we booked with 15 points profit
> Bought Nifty 18000 PE at 205 which we booked with 25 points loss
> Bought Nifty 17700 CE at 150 which made a high above our last Target 204 and Traders booked great profit in this Trade
> Bought Nifty 17750 CE at 170 which made a high above our last Target 216 but few Traders booked profit in this Trade
> Bought Nifty 18050 PE at 130 which went above our 2nd Target 160 and Traders booked good profit in this Trade
Overall, it was a great day for Option Buyers.
If Nifty sustains above 17940 tomorrow, we may see another follow-up upmove but 18000 would act as psychological resistance so don't go for bigger profits.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:25 PM.
Intraday Levels:
Buy Above - 17940
Sell Below - 17870
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 4th January 2022Nifty opened with a minor Gap-up, broke the resistance of 17450 in the first candle and then Nifty was forming higher highs through0out the day and we saw a trending day today.
Trades we took Today:
> Bought Nifty 17600 PE at 185 which we booked with 5 points loss
> Bought Nifty 17350 CE at 175 which made a high above 250 and Traders booked great profit in this Trade
> Bought Nifty 17400 CE at 210 which made a high above 260 and Traders booked great profit in this Trade
We were also holding 17400 CE Jan Month which we bought at 290 and booked above 400 today.
Overall, it was a great day for Option Buyers.
If Nifty sustains above 17650 tomorrow, we may see another follow-up upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17650
Sell Below - 17560
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 3rd January 2022Nifty opened flat today saw a great upmove in the morning and it was a trending move.
Trades we took Today:
> Bought Nifty 17400 PE at 180 which we booked with 8 points loss
> Bought Nifty 17200 CE at 220 which made a high around 270 and Traders booked great profit in this Trade
Overall, it was a good day for Option Buyers.
We can see another upmove once Nifty breaks 17400 on the upside but 17500 would be the resistance zone so be cautious.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17400
Sell Below - 17300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 31st December 2021Nifty opened flat today, went down to our Sell Level 17150, and bounced back strongly from lower levels. Nifty was still trading in the same range throughout the day.
Trades we took Today:
> Bought Nifty 17350 PE 6th Jan at 185 in which we booked 20 points profit
> Bought Nifty 17350 PE 6th Jan again at 185 which we booked at a cost due to choppy movement
Another choppy day for Nifty Option Buyers.
Nifty is trading in a small range for the last 3 sessions, we would see a trending move once Nifty breaks the Buy or Sell Level.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17300
Sell Below - 17150
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 28th December 2021Nifty opened with a Gap-down below our Sell Level 16960 and Nifty made a low around 16840 in the morning. We saw great recovery from lower levels and Nifty closed at 17086.
Trades we took Today:
> Bought Nifty 17050 PE at 180 which made a high above 220 and Traders booked great profit in this Trade
> Bought Nifty 17100 PE at 200 which we booked with 20 points loss
> Bought Nifty 16900 CE at 185 which made a high above 235 and Traders booked great profit in this Trade
> Bought Nifty 17200 PE at 185 which we booked with 20 points profit
> Bought Nifty 16950 CE at 200 which we booked with 10 points loss due to choppy movement
Overall, a good day for Nifty Option Buyers.
Tomorrow, if Nifty sustains above 120 we may see an follow-up upmove
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 17120
Sell Below - 17000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 24th December 2021Nifty opened with a Gap-up above our Buy Level 17000 and traded in a small range the whole day.
Trades we took Today:
> Bought Nifty 17150 PE 30th Dec at 162 which made a high above 200 and Traders booked great profit in this Trade
> Bought Nifty 17000 CE 30th Dec at 180 which we booked at a cost due to slow movement
> Bought Nifty 17150 PE 30th Dec at 150 which we booked with 6 points loss
Nothing much today for Nifty Option Traders but we booked Good Profit in Morning Trade.
Tomorrow, if Nifty sustains below phycological level 17000 we can see a down-move.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 17120
Sell Below - 17000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 21st December 2021Nifty opened with a gap-down below last swing low 16775 and we saw panic selling in Nifty which brought Nifty towards 16400 zones and Nifty took to support and got approx 250 points recovery.
Trades we took Today:
> Bought Nifty 16850 PE at 130 which we made a high above 400 and Traders booked great profit in this Trade
> Bought Nifty 16700 CE at 165 which we booked with 20 points loss
Overall, it was a great day for Nifty Option Buyers.
If Nifty sustains above 16650, we can see 40-100 points up move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16650
Sell Below - 16500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 20th December 2021Nifty opened with a minor Gap-up but we saw sharp selling at open and Nifty broke the psychological level of 17000 and closed below that.
Tomorrow, if Nifty breaks 16960 we may see a follow-up down move towards the 16850 - 16800 zone.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17040
Sell Below - 16960
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team