Simple Trade Setup | NIFTY | 22-03-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 22-03-2022
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.
Niftyintraday
Nifty Intraday Trade Setup | 21st MarchNifty opened with a Gap-up around 17200 and after making a low at 17175, Nifty gave a good rally towards 17340.
Trades we took today -
> Bought Nifty 17300 PE at 115, it went above to our 1st Target 135 and Traders booked profit
> Bought Nifty 17100 CE at 115, it went above to our Last Target 156 and Traders booked profit
> Bought Nifty 17400 PE 24th Mar at 250 which we booked around cost due to slow movement
Overall Nifty Option Buyers booked some profit on a choppy expiry day.
Tomorrow, if Nifty sustains above 17350, we may see another up-move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17350
Sell Below - 17240
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 21-03-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, we can see it gave breakout of the resistance channel.
Now it is in between 100DMA and 200DMA.
In last trading session it didn't managed to reach 100DMA but sustain above 200DMA with gap up.
200DMA will work as major support 100DMA will be immediate hurdle. If it trades above it then it will work as support.
100DMA is placed at 17380 level range.
200DMA is placed at 16997 level range.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, I have drawng temporary support trend-line and short term support channel.
Please refer below chart : 15min Time Frame.
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Trade Setup for 21-03-2022
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 | 17th MarchNifty opened with a Gap-up at 16856 and made a high around 16950 which was a range for almost till close but Nifty broke this range on the upside and closed above 16950.
Trades we took today -
> Bought Nifty 16900 PE at 125, it went above to our 1st Target 150 and Traders booked profit
> Bought Nifty 17000 PE at 155, it went above to our Last Target 215 and Traders booked profit
> Bought Nifty 16950 PE at 140 which we booked with 2 points loss at 138 due to slow movement
Overall a great day for Nifty Option Buyers.
Tomorrow, if Nifty sustains above 17020, we may see another up-move but 17000-17100 is psychological resistance so keep booking smaller profits.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17020
Sell Below - 16850
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 16th MarchNifty opened with a Gap-up around 16900 but faced rejection at 16925-16930 and we saw sharp selling from higher levels.
Trades we took today -
> Bought Nifty 16900 PE at 180, it went above to our Last Target 230 and Traders booked profit
> Bought Nifty 16900 CE at 180 which we booked with 20 points loss
> Bought Nifty 16800 PE at 170, it went above to our 1st Target 190 and Traders booked profit
> Bought Nifty 16800 PE at 160 which we booked with 15 points loss
Overall an average day and Nifty Option Buyers were in no profit no loss.
Tomorrow, if Nifty sustains below 16550, we may see another down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16720
Sell Below - 16550
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 15th MarchNifty opened with a small Gap-up around 16650 and after making a low around 16600 we saw a good rally towards 16880 zones and Nifty closed near day high.
Trades we took today -
> Bought Nifty 16700 PE at 215, it went above to our 1st Target 235 and Traders booked profit
> Bought Nifty 16700 PE at 175 which we booked with 20 points loss
As BankNifty was looking stronger we did take only 2 Trades in Nifty.
Tomorrow, if Nifty sustains above 16900, we may see another upmove but be cautious near 17000 as it is s psychological resistance.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 16900
Sell Below - 16760
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 15-03-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 15-03-2022
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 | 14th MarchNifty opened flat at 16536 and after making a low around 16470 we saw a sharp rally towards 16700 zones but Nifty couldn't sustain at higher levels and then we saw a range-bound movement.
Trades we took today -
> Bought Nifty 16550 CE at 200, it went above to our Last Target 250 and Traders booked great profit
> Bought Nifty 16550 PE at 220 which we booked with 20 points loss
We only took 2 trades as Nifty was trading in a small range though Traders Booked great profit in BankNifty options.
Tomorrow, if Nifty sustains below 16560, we may see a down move towards 16500 and below.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16660
Sell Below - 16560
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#Nifty-14/03/2022-#LevelsHello Traders,
Nifty-14/03/2022-Levels
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If Market Opens as a-
GAP-UP: Support of PDH (BUY) – Rejection of PDH (SELL)
FLAT: Support of R@1 (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of IMP (BUY) – Rejection of S@1 (SELL)
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Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
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SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones( Be Alert, Chances to Market take Reversals )
Simple Trade Setup | NIFTY | 14-03-2022 [INTRADAY]NSE:NIFTY
b]Trade Setup for 14-03-2022
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 | 11th MarchNifty opened with a gap-up around 16757 and we saw selling in the morning which bought Nifty near to 16600, Nifty was trading in 150 points range which was broken lower side after 1:30 and we saw a good downfall.
Trades we took today -
> Bought Nifty 16800 PE at 95 which we booked at a cost due to slow movement
> Bought Nifty 16500 CE at 40, it went above to our Last Target 90 and Traders booked great profit
Overall, it was a great day and Nifty Option Buyers booked profit.
Tomorrow, if Nifty sustains below 16500, we may see a follow-up upmove.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 16630
Sell Below - 16500
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Expiry Trade Setup | 10th MarchNifty opened with a gap-up around 16080 and made the low bottom in 1st 15 mins. We saw a great rally, it was highly bullish the entire day and touched 16400 during the day which is 400 points upmove from lower levels.
Trades we took today -
> Bought Nifty 15900 CE at 220, it went above to our Last Target 320 and Traders booked profit
> Bought Nifty 16000 CE at 185, it went above to our Last Target 240 and Traders booked profit
> Bought Nifty 16000 CE again at 235, it went above to our Last Target 300 and Traders booked profit
Overall, it was a wonderful day and Nifty Option Buyers booked great profit.
Tomorrow, if Nifty sustains above 16400, we may see a follow-up upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16400
Sell Below - 16300
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 9th MarchNifty opened with a gap-down around 15750 and made high near 15890 but we again saw the rejection and Nifty made a new low of 15671 but Nifty gave a great upmove in last hours and went above 16000.
Trades we took today -
> Bought BankNifty 15800 PE at 205 which we booked with 15 points loss
> Bought BankNifty 15800 PE again at 235, it went above to our 1st Target 255 and Traders booked profit
As Nifty was moving in a small range we did took only these 2 Trades.
Tomorrow, if Nifty sustains above 16050, we may see an upmove towards 16100 and above.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16050
Sell Below - 15940
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 09-03-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 09-03-2022
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 | 08-03-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 08-03-2022
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 | 8th MarchNifty opened with a gap-down around 15862 and after forming a low around 15740 we saw a recovery of almost 200 points but we again saw a fall in the second half and Nifty broke the previous low of 15740 though 15710 acted as support and we again saw a recovery of more than 150 points.
As there was an issue with NSE data, we didn't take any trade today.
Tomorrow, if Nifty sustains above 15950, we may see an upmove towards 16000 and above.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 15950
Sell Below - 15800
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 7th MarchNifty opened with a gap-down at 16362 and we saw selling since open which bought Nifty at 16100 zones and we saw great bounce towards 16456 from lower levels. We again saw the rejection from upper levels and Nifty fell 200 points from day high.
Trades we took Today:
> Bought Nifty 16300 PE at 280, it went above our 1st Target 300 and Traders booked profit in this Trade
> Bought Nifty 16400 CE at 190 which we booked with 5 points loss
Overall it was an average day.
Tomorrow, if Nifty sustains below 16100 we may have a follow-up down move towards 16000 but as it's psychological support so be cautious in that zone.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16320
Sell Below - 16100
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 4th MarchNifty opened with a gap-up around 16730 and made high at 16768 but couldn't sustain at upper levels and we saw a selling since open. Nifty made a low at 16480 which was yesterday's low which provided some cushion and Nifty was moving in a small range in the last 2 hours.
Trades we took Today:
> Bought Nifty 16800 PE at 115, it went above our 4th Target 151 and Traders booked profit in this Trade
> Bought Nifty 16500 CE at 190 which we booked with 20 points loss
We focused more on BankNifty and took a total of 7 Trades, and booked profit in 6 Trades. Overall a wonderful day.
Tomorrow, if Nifty sustains below 16470 we may have a follow-up down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 16600
Sell Below - 16470
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 07-03-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, we can see it is near the major swing range from where it has given good up move in Aug-2021 year.
Range of 16130-16175 will be critical range. below 16130 it will be more bearish and if it takes support from this range then we can see bounce from here.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see resistance channel. to go bullish again it has to trade above this resistance channel.
Till then every bounce up will be sell of from this channel. At this moment, market is sell on rise.
Please refer below chart : 15min Time Frame.
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Trade Setup for 07-03-2022
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 | 04-03-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 04-03-2022
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 | 3rd MarchNifty opened with a gap-down around 16610, Nifty faced rejection near 16680 and we saw a drop towards 16480 zones. We saw a good short-covering move in the last hour as Banks were oversold.
Trades we took Today:
> Bought Nifty 16600 CE at 205 which we booked with 25 points loss
> Bought Nifty 16600 PE at 200, it went above our 3rd Target 236 and Traders booked profit in this Trade
Overall, a choppy day. Nifty Option buyers managed to recover the morning loss.
Tomorrow, we may see an upmove if Nifty sustains above 16650.
Expectations for Tomorrow: Range-bound day, Volatality after 1:15 PM.
Intraday Levels:
Buy Above - 16650
Sell Below - 16550
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 03-03-2022 [INTRADAY]NSE:NIFTY
Level 16600 is still immediate resistance. Next resistance is at 16800 range. If it gives sustainable breakout of 16800 then we can see short covering which may give 120-150 points up move.
For down side 16500 is immediate support. If it gives sustainable breakdown of it then we can see long unwinding with 100-120 points quick down fall.
Intermediate support is as 16400 and then 16280-16300 is next major support.
Trade Setup for 03-03-2022
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.