Nifty Expiry Trade Setup | 5th MayNifty opened with a gap-up around 17110 and made high in the first 15 mins at 17132. We saw selling pressure in Nifty since morning and force increased once it breached 17000, also gave breakdown below 16800 due to RBI rate hike news.
Trades we took today -
> Bought Nifty 17250 PE at 195, it went above our Last Target of 240 and Traders booked profit
> Bought Nifty 17200 PE at 185, it went above our Last Target of 224 and Traders booked profit
> Bought Nifty 17150 PE at 185, it went above our 2nd Target of 215 and Traders booked profit
> Bought Nifty 16800 CE at 155, it went above our 2nd Target of 180 and Traders booked profit
Overall, it was a wonderful day for Nifty Option Buyers.
Tomorrow, if the Nifty breaks 16600 on the downside, we expect to see another down move.
Expectations for Tomorrow: Range-bound day, Volatality after 2:15 PM.
Intraday Levels:
Buy Above - 16820
Sell Below - 16600
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Niftyintraday
Simple Trade Setup | NIFTY | 06-05-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1hr time frame, we can see it made bearish pennant pattern or one can also say bearish flag and pole pattern and already gave breakdown of it.
Please refer below chart : 1hr time frame.
-------------------------------------
Trade Setup for 06-05-2022
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.
Nifty Intraday Trade Setup | 4th MayNifty opened with a gap-down around 16950 and made low in the first 15 mins at 16917. Nifty was trading in a range 17040 - 17950 which was broken on the upside in the last hour as expected.
Trades we took today -
> Bought Nifty 17050 PE at 170, it went above our 1st Target 190 and Traders booked profit
> Bought Nifty 16850 CE at 195, it went above our Last Target of 245 and Traders booked profit
> Bought Nifty 17050 PE again at 175 which we booked at 185 with a profit of 10 points
> Bought Nifty 17050 PE again at 150, it went above our 1st Target of 170 and Traders booked profit
Overall, it was a great day for Nifty Option Buyers.
Tomorrow, if the Nifty breaks 17100 on the upside, we expect to see another upmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17100
Sell Below - 17000
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 04-05-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1hr time frame we can see that it is now the bottom trendline of triangle patter.
Please refer below chart : 1hr time frame.
-------------------------------------
Trade Setup for 04-05-2022
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.
Nifty Intraday Trade Setup | 2nd MayNifty opened with a gap-up around 17330 and after morning towards 17240 we again saw an upmove towards 17377 where we saw profit-booking, Nifty made low around 17050.
Trades we took today -
> Bought Nifty 17250 CE at 183, it went above our 1st Target 203 and Traders booked profit
> Bought Nifty 17250 CE again at 155, it went above our Last Target of 196 and Traders booked profit
> Bought Nifty 17300 CE at 180 which we booked at 192 with a profit of 10 points
> Bought Nifty 17250 CE at 190 which we booked at 170 with a loss of 20 points
> Bought Nifty 17400 PE at 200, it went above our Last Target of 238 and Traders booked profit
> Bought Nifty 17200 CE at 155, it went above our 2nd Target of 185 and Traders booked profit
Overall, it was a great day for Nifty Option Buyers.
Tomorrow, if the Nifty breaks 17320 on the upside, we expect to see another upmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17200
Sell Below - 17050
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 02-05-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1hr time frame, we can re-adjust the triangle pattern from our previous trade setup.
And our re-adjusted triangle pattern will look like as follow.
Please refer below chart : 1hr time frame.
-------------------------------------
Trade Setup for 02-05-2022
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.
Nifty Intraday Trade Setup | 29th AprilNifty opened with a gap-up around 17150 and we saw some selling in the morning which took Nifty towards 17070 that acted as support and gave a trending upmove towards 17300.
Trades we took today -
> Bought Nifty 17000 CE at 120 which we booked at 135 with a profit of 15 points
> Bought Nifty 17000 CE at 118 which we booked at 100 with a loss of 18 points
> Bought Nifty 17350 PE at 185 which we booked at 165 with a loss of 20 points
> Bought Nifty 17350 PE at 65 which we booked at 45 with a loss of 20 points
Overall, it was a bad day for Nifty Option Buyers.
Tomorrow, if the Nifty breaks 17320 on the upside, we expect to see another upmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17320
Sell Below - 17190
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Expiry Trade Setup | 28th AprilNifty opened with a gap-down around 17077 and after making a high around 17110 we saw selling and Nifty made a low near to 16960 which acted as support for the day and Nifty was able to close above 17000.
Trades we took today -
> Bought Nifty 17000 CE at 115 which we booked at a cost due to slow movement
Overall, it was a volatile session as per expectations.
Tomorrow, if the Nifty breaks 17110 on the upside, expect an upmove but don't expect a trending move and keep booking smaller profits.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:10 PM.
Intraday Levels:
Buy Above - 17110
Sell Below - 17000
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 29-04-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 15min time, we can see triangle pattern.
Please refer below chart : 15min time frame.
-------------------------------------
Trade Setup for 29-04-2022
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 | 28-04-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 28-04-2022
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 Intraday Trade Setup | 27th AprilNifty opened with a gap-up around 17150 and after making a high around 17180 we saw a range-bound movement 17180 - 17065 but in the last 30 mins, Nifty broke the range on the upside.
Trades we took today -
> Bought Nifty 17050 CE at 185 which we booked at 175 with 10 points loss
> Bought Nifty 17200 PE at 120 which we booked at 130 with 10 points profit
> Bought Nifty 17000 CE at 205 which we booked at a cost due to slow movement
> Bought Nifty 17250 PE at 125, it went above our 3rd Target 154 and Traders booked profit
> Bought Nifty 17000 CE at 160, it went above our 3rd Target 189 and Traders booked profit
> Bought Nifty 17200 PE at 143 which we booked at 130 with 13 points loss
Overall, it was a range-bound day and Nifty Option Buyers booked good profit.
Tomorrow, if the Nifty breaks 17200 on the upside, expect another upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17200
Sell Below - 17080
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 27-04-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 27-04-2022
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 Intraday Trade Setup | 25th AprilNifty opened with a gap-down around 17250 and after making a low around 17215 Nifty gave an upmove towards 17310 but again faced resistance and closed at 17172 near the day low.
Trades we took today -
> Bought Nifty 17150 CE at 180, it went above our 1st Target 200 and Traders booked profit
> Bought Nifty 17350 PE at 210 which we booked around the cost
> Bought Nifty 17350 PE at again 210 which we booked with 10 points loss
> Bought Nifty 17300 PE at 200, it went above our 1st Target 220 and Traders booked profit
Overall, it was a range-bound day and Nifty Option Buyers booked a small profit.
Tomorrow, if the Nifty breaks 17100 on the downside, a down move towards 17000 levels is expected.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17250
Sell Below - 17100
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 26-04-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 26-04-2022
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 Intraday Trade Setup | 22nd AprilNifty opened with a gap-up around 17242 and after making a low around 17215 Nifty gave a trending upmove though the move was very choppy and not good for Option Buyers.
Trades we took today -
> Bought Nifty 17400 PE at 165 which we booked with a minor loss of 10 points
> Bought Nifty 17050 CE at 190, it went above our 2nd Target of 220 and Traders booked profit
> Bought Nifty 17400 PE at 150 which we booked with 20 points loss
> Bought Nifty 17450 PE at 120 which we booked with a small profit of 15 points
> Bought Nifty 17600 PE at 255 which we booked with 15 points loss
Overall, it was not a good day for Nifty Option Buyers.
Tomorrow, if the Nifty sustains above 17450, another upmove is expected.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17450
Sell Below - 17350
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Expiry Trade Setup | 21st AprilNifty opened with a gap-up around 17050 and after making a low near 16980 we saw a bounce and Nifty made a high at 17156. We again saw selling from higher levels and the Nifty was trading in a range.
Trades we took today -
> Bought Nifty 17100 PE at 155 which we booked with 15 points loss
> Bought Nifty 16950 CE at 145, it went above our Last Target of 196 and Traders booked profit
> Bought Nifty 17150 PE at 105, it went above our 2nd Target of 122 and Traders booked profit
> Bought Nifty 16950 CE at 195 which we booked with 20 points loss
> Bought Nifty 17200 PE at 120, it went above our 3rd Target of 160 and Traders booked profit
Overall, it was a volatile day and Nifty Option Buyers booked some profit.
Tomorrow, if the Nifty sustains above 17200, an upmove towards 17300 is expected.
Expectations for Tomorrow: Range-bound movement, volatility after 1:00.
Intraday Levels:
Buy Above - 17200
Sell Below - 17050
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Forecast For Today | Neowave ForecastNSE:NIFTY
Hello Traders
We have come up with new feature from this week, we starting intraday forecast for both nifty and banknifty. In this chart i have added short term degree which will help you in finding out medium term degree direction.
As all of you know if you have watched my video or chart how to read neowave chart. you will know that every neowave structure is made up of smaller structure for example M series is made up of S series and L series made up of M series.
Just see the below chart example here for this purpose.
Now lets compare our medium chart and short term chart for you.
This is an medium chart of nifty which i published few days back in this i indicated of MC-4 wave finishing near that area, but it will be only activated if price goes above the line 17663 i have indiacte this with an arrow.
But now i have added and short term degree count which with you can find out medium degree structure is completed or not.
If anyone has anyquery related to this or any other chart. if you need anykind of help in trading please leave a comment. Like and share the idea if you love it.
Thank you everyone
Nifty Intraday Trade Setup | 19th AprilNifty opened with a big gap-down around 17190 and after making a high near 17240 we saw selling which took Nifty towards 17070 level that acted as a support zone.
Trades we took today -
> Bought Nifty 17300 PE at 170, it went above our Last Target of 209 and Traders booked profit
> Bought Nifty 17300 PE again at 200, it went above our Last Target of 244 and Traders booked profit
> Bought Nifty 17150 CE at 125, it went above our 3rd Target of 165 and Traders booked profit
Overall, Nifty Option Buyers made a good profit today.
Tomorrow, if the Nifty sustains above 17240, a fast down upmove is expected.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 17240
Sell Below - 17120
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 18th AprilNifty opened with a gap-up near 17600 and after making a high at 17663 we saw rejection and Nifty closed near day low 17475.
Trades we took today -
> Bought Nifty 17500 CE at 140, it went above our 1st Target of 160 and Traders booked profit
> Bought Nifty 17750 PE at 112, it went above our Last Target of 142 and Traders booked profit
> Bought Nifty 17700 PE at 130, it went above our Last Target of 166 and Traders booked profit
> Bought Nifty 17700 PE again at 140, it went above our Last Target of 178 and Traders booked profit
> Bought Nifty 17400 CE at 130 which we booked with 20 points loss
> Bought Nifty 17500 CE 21st April at 155 which we booked around cost due to slow movement
Overall, Nifty Option Buyers made a good profit on the Expiry day.
Tomorrow, if the Nifty sustains below 17440, a fast down move is expected.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17600
Sell Below - 17440
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Expiry Trade Setup | 13th AprilNifty opened with a gap-down near 17590 and Nifty made a low below 17450 which acted as a support zone and we saw 150 points bounce from lower levels.
Trades we took today -
> Bought Nifty 17700 PE at 160, it went above our 3rd Target of 194 and Traders booked profit
> Bought Nifty 17450 CE at 120 which we booked with 20 points loss
> Bought Nifty 17650 PE at 170 which we booked with 20 points loss
Overall, it was a range-bound market and not a good day for Nifty Option Buyers.
Tomorrow, if the Nifty sustains above 17600, we may see an up-move.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30.
Intraday Levels:
Buy Above - 17600
Sell Below - 17450
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team