#NIFTY Intraday Support and Resistance Levels - 20/12/2021NIFTY will open a gap down in today's session. After opening if nifty starts trading below 16900 level then possible further downside fall up to 16780 level. 16900-17000 will act as a ranging zone for today's session. Any upside-only possible if nifty sustain above 17000 level.
Niftyindia
Nifty Spot - 17.12.2021Nifty Spot - 17.12.2021
The index is trading @ 16985 levels
The prices are below the EMA
There is a Support Zone @ 16900 levels
There is a MACD Bullish Divergence in Hourly Chart
There is a Stochastic Bullish Divergence in Hourly Chart
Let the prices go above 17150 or go below 16820
Watch out for the price action
NIFTY ANALYSIS FOR MONDAY 20-12-2021Huge Selling.. No sign of reversal as far now 17000 Still have Put Writer Position that may act As support level. Monday Will be very important day for Index as trend will be decided on Monday. As per current Data of Option Chain Support are Week and Nifty is in oversold zone. But there will be selling pressure due to continuous selling from FII. Nifty to sustain above 17100 for good move in intraday. I am Expecting a sideways market. If 16961 broken then 17000 PE can be taken. And on Crossing 17100 level 17100 CE can be taken in between No trade zone. :)
Nifty PCR 0.55 (Oversold)
#NIFTY Intraday Support and Resistance Levels - 15/12/2021NIFTY will open gap down in today's session. Expected opening near 17300 level. Downside 17260 will act as an immediate support level. In case NIFTY gives breakdown of this support level then possible further downside below 17240 towards the 17140 level. Bullish side only possible if banknifty starts trading and sustain above 17380 level.
Morning Mantra, 15th December 2021 Good Morning!
Just as we have been stating in our Morning Mantra updates, similarly the Market still seems to be moving in a narrow range and in a price correction Mode. However, we can avoid creating a panic, until the index breaks the level of 17,220 on an hourly basis. Moreover, the levels of 17,650 & 17,800 will remain to be the suggested levels of resistance for the Market, as of now.
Be Stock Specific and follow the Cherry Picking strategy for long term.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Nifty Intraday Trade Setup | 14th December 2021Nifty opened with a gap-up above 17600 but couldn't sustain at higher levels and Nifty faced strong rejection from 17640 zones.
Trades we took Today:
> Bought Nifty 17500 CE at 195 which we booked with 25 points loss
> Bought Nifty 17500 CE at 145 which we booked with 15 points loss
> Bought Nifty 17500 PE at 130 which made a high above 190 and Traders booked great profit in this Trade
Overall, it was a great day for Nifty Option Buyers.
For tomorrow 17350 is important on the downside.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17450
Sell Below - 17350
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#NIFTY Intraday Support and Resistance Levels - 14/12/2021NIFTY will open gap down in today's session. For today's session 17250 will act as an important support level. Strong downside possible if nifty gives breakdown of this support level. Bullish rally possible if it is starts trading above 17420 level.
NIFTY ANALYSIS FOR TOMMROW 14-12-2021Gapup and Stip Profit Booking. Now I am Expecting little Bounce back, If Nifty Open Flat or Gap down We may see a bounce back due to Option Chain PCR (Put Call Ratio) Oversold and Secondly Nifty is near to Major Support level as per technical. We Will at morning 0915 to 1000 what type of option Chain Data is building then trade accordingly. for the time being my view NIFTY may open Gapdown then Bounce back... :)
#NIFTY Intraday Support and Resistance Levels - 13/12/2021NIFTY will open gap up in today session. After opening if it's sustain above 17540 level then expected upside bullish rally upto 17680+ level. Any major downside only possible if nifty not sustain above level and starts trading below 17540. Downside 17400 will act as a strong support for today's session.
NIFTY- Weekly Update || Heading Towards 16000 ??NIFTY- Weekly Update
Nifty is still sell on rise till we get a closing above 17600, being a strong resistance.
==============================
Trade all the breakdowns bear flag and support breakdowns.
==============================
Nifty is short positionally again below 16800 for the target of 16075
==============================
We have been shorting and eating in pieces from 18400 levels.
NIFTY ANALYSIS FOR UPCOMING SESSIONWe have seen a Range bound session since morning and in second half little upside momentum. Now 17542 is important crucial level for further Upside. Trend is bullish but we have to look for 17600 PUT option Writer position on Monday otherwise again profit booking may come near to 17600 level. :)
#NIFTY Intraday Support and Resistance Levels - 10/11/2021Today nifty will open slightly gap down or flat. After opening if nifty starts trading below 17440 level then expected further downside toward the 17310 target. Upside strong bullish rally possible if nifty starts trading and sustain above 17540 level. Upside target expected 17680+ level.
Morning Mantra, 10th December 2021Good Morning!
Finally we have witnessed a closing of above the level of 17360, consistently for 2 days now.
Moreover, as of now, we are expecting a sharp rise in Nifty, Today! Where if, even though the index fails to do so and in turn somehow manages to give a closing of above 17454, then in such circumstances we will still hold an expectation for a positive momentum in Nifty in the upcoming days.
Adding on to which, the level of 17800 will remain to be our first level of resistance for the Index, as of now. Also, we are still with our words as being stock specific and following the Cherry Picking strategy will still be favourable for the Market Participants.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 10 Dec 2021NIFTY Intraday Trade Setup For 10 Dec 2021
Buy-Above 17550
Sl-17500
T-17600 17650
Sell-Below 17440
Sl-17470
T-17380 17300
NIFTY has closed above 17500 which is a bullish sign. For selling 17380 is important level to short on breakdown. Index may consolidate here .
#NIFTY Intraday Support and Resistance Levels - 09/12/2021Nifty will open gap up today. Expected opening of nifty possible near 17500 level. After opening if nifty sustain above 17490 level then possible upside rally upto 17600+ level in today's session. Downside possible if banknifty starts trading below 17430 level.
Morning Mantra, 9th December 2021Good Morning!
Finally, yesterday we were able to witness a wonderful closing of above 17360 in Nifty. However, the danger hasn’t subsided till yet, since just like 2nd December 2021, Nifty has once again made a high of around 17480 approx. Which in turn is still a matter of concern.
Moreover, we can state that if Today Nifty manages to sustain above the level of 17454, during the first 2 hours, then we might get to witness Nifty at 17800 very soon.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya