Simple Trade Setup | NIFTY | 23-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame, it is between 100DMA and 200DMA.
100DMA is placed at 17347.25
200DMA is placed at 16274.39
Immediate support is at 16800 level.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, we can see that it is now above the temporary trendline.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 23-12-2021
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 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
Simple Trade Setup | NIFTY | 22-12-2021 [ INTRADAY ]NSE:NIFTY
Trade Setup for Date: 22-12-2021
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 | 21-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame, it is now near to the 200DMA.
200DMA is placed at 16252.22 level and 100DMA is placed at 17324.55 level.
200DMA will work as major support.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame,we can plot the immediate support 16358-16400 and major support is at 16200 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 21-12-2021
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 | 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
Simple Trade Setup | NIFTY | 20-12-2021 [ INTRADAY ] NSE:NIFTY
Observations:
1) On 1day time frame, it gave closing below 100DMA with strong bearish candle.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 20-12-2021
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 | 17th December 2021Nifty opened with a big Gap-up due to Positive Global Cues and we saw selling at open, Nifty again took support near 17200 and traded in a range for most of the time.
Trades we took Today:
> Bought Nifty 17400 PE 23RD DEC at 185 which made high above 240 and Traders booked Great profit in Morning Trade
> Bought Nifty NIFTY 17450 PE at 195 which made a high above 230 and Traders booked Good profit in this Trade
> Bought Nifty 17200 CE at 60 which we booked with 12 points loss
> Bought Nifty 17300 PE at 90 which we booked with 10 points loss
> Bought Nifty 17300 PE 23RD DEC at 170 which we booked with 30 points loss
> Bought Nifty 17300 CE 23RD DEC at 130 which we booked with 15 points loss
Overall, We booked Great profit in Morning Trades but then not good trades.
Tomorrow, if Nifty breaks 17180 we may see a sharp fall.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 17300
Sell Below - 17190
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Expiry Trade Setup | 16th December 2021Nifty opened flat and we saw selling at open towards 17200 zones where Nifty took to support and shown good recovery of more than 100 points but couldn't sustain at higher levels and we saw sharp selling in last 30 mins.
Trades we took Today:
> Bought Nifty 17150 CE at 165 which we booked with 5 points loss
> Bought Nifty 17300 PE at 95 which made a high above 125 and Traders booked great profit in this Trade
> Bought Nifty 17150 CE at 145 which we booked with 20 points loss
> Bought Nifty 17200 CE again at 120 which made a high around 160 and Traders booked good profit in this Trade
Overall, it was an average day for Nifty Option Buyers.
Tomorrow, if Nifty breaks 17190 we may see a sharp fall.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:00 PM.
Intraday Levels:
Buy Above - 17270
Sell Below - 17190
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 17-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 15min time frame, we can see it open above the resistance trendline and at the time of closing it closed just above it. Now this trendline will work as support if it trades above it.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 17-12-2021
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 | 16-12-2021 [ INTRADAY ] NSE:NIFTY
Observations:
1) On 15min time frame, we can see resistance trendline, if it sustain above it then we can see up-move.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 16-12-2021
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.N
Nifty Intraday Trade Setup | 15th December 2021Nifty opened with a gap-down below our Sell Level 17350 and we saw a sharp fall in the morning towards 17225 zones. We also saw a good recovery from lower levels and Nifty was able to trade above 17350.
Trades we took Today:
> Bought Nifty 17200 CE at 185 which we booked with 20 points loss
> Bought Nifty 17200 CE again at 130 which made a high above 200 and Traders booked great profit in this Trade
> Bought Nifty 17500 PE at 195 which made a high around 225 and Traders booked good profit in this Trade
> Bought Nifty 17250 CE at 155 which made a high around 190 and Traders booked good 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 - 17380
Sell Below - 17260
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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
Simple Trade Setup | NIFTY | 15-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame,it managed to sustain above 10DMA. But, it is still below 21DMA.
If it gives sustainable breakout of 21DMA then we can see an upmove.
21DMA is placed at 17416.77 and 10DMA is palced at 17304.52.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that it has made double bottom pattern in range of 17240-17260.
Immediate breakout level is 17360.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 15-12-2021
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 | 13th December 2021Nifty opened flat and selling in morning at open, Nifty took support near 17400 and we saw good recovery in second half towards 17530.
Trades we took Today:
> Bought Nifty 16th Dec 17700 PE at 265 which made a high around 320 and Traders booked great profit in this Trade
> Bought Nifty 16th Dec 17400 CE at 145 which made a high above 200 and Traders booked great profit in this Trade
Overall, it was a great day for Nifty Option Buyers.
If Nifty sustains above 17600, we may see good short-covering up-move.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 17550
Sell Below - 17400
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 14-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame,it today it close below 21DMA.
21DMA is placed at 17453.81
Immdiate support is at 17355 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 14-12-2021
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 | 13-12-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On 1hr time frame, we can see that it has formed double bottom pattern.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 13-12-2021
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 | 10th December 2021Nifty opened with Gap-up above 17500 and we saw selling in the morning, Nifty took support near our Sell Level 17390 and again went towards day high.
Trades we took Today:
> Bought Nifty 16th Dec 17300 CE at 230 which made a high around 280 and Traders booked great profit in this Trade
> Bought Nifty 16th Dec 17700 PE at 260 which we booked with 15 points loss
> Bought Nifty 17500 CE at 35 which made a high around 52
Overall, it was a choppy day and not much for Nifty Option Buyers.
Tomorrow if Nifty sustains above 17550, we may see 40-60 points fast upmove in the morning but 17600 is the rejection zone so be cautious.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above - 17550
Sell Below - 17440
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Expiry Trade Setup | 9th December 2021Nifty opened with Gap-up above 17300 and we saw slow and upside movement throughout the day.
Trades we took Today:
> Bought Nifty 17300 CE at 120 which we made a high above 170 and Traders booked great profit in this Trade
> Bought Nifty 17300 CE again at 150 which we booked with 30 points loss
> Bought Nifty 17400 PE at 85 which we booked with 15 points loss
> Bought Nifty 17300 CE 16th Dec at 245 which made a high around 280 but we booked early due to choppy movement
Overall, it was an average day for Nifty Option Buyers.
Tomorrow if Nifty sustains above 17500, we can see another upside movement towards 17580-17600 levels but that is a strong resistance zone and we saw rejection multiple times so be cautious.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above - 17500
Sell Below - 17390
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 10-12-2021 [ INTRADAY]NSE:NIFTY
Most of all the levels remains same as per previous trade setup.
Trade Setup for Date: 10-12-2021
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 December 2021Nifty opened with Gap-up above 17000 level and after re-testing our Buy Level 17000 which was also a psychological resistance we saw a good Trending Day on the upside.
Trades we took Today:
> Bought Nifty 17150 PE at 160 which we made a high above 200 and Traders booked good profit in this Trade
> Bought Nifty 17100 CE at 160 which we made a high above 210 and Traders booked good profit in this Trade
Overall, Great day for Nifty Option Buyers.
We can see an upmove if Nifty sustains above 17250 tomorrow.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17250
Sell Below - 17120
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 09-12-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame,Today, it trade above 10DMA.
But still trading below 21DMA.
10DMA is support now and 21DMA will be immdiate resistance now.
10DMA is placed at 17192.38. Hence we can say that 17190-17200 is major support now.
21DMA is placed at 17527.08 level. Hence we can say that 17520-17530 is resistance.
Please refer below chart : 1 day Time Frame.
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Today it couldn't give much move above our ultimate level of 17460 as per our previous tradesetup but it was able to close above it.
17460 is immediate support now.
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Trade Setup for Date: 09-12-2021
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 | 7th December 2021Nifty opened flat and we saw selling at open, after choppy movement Nifty gave a breakdown and closed near day low.
Trades we took Today:
> Bought Nifty 17300 PE at 190 which we made a high around 400 but we booked early due to choppy movement
> Bought Nifty 17150 CE at 160 which we booked with 20 points loss
> Bought Nifty 16th Dec 17100 PE at 205 which we booked at a cost due to choppy movement
Overall, not a Good day for Nifty Option Buyers.
If Nifty sustains below 16890 tomorrow, we can see a follow-up selling but 16800 is a support zone so book profits early.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 17000
Sell Below - 16890
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 08-12-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, today it faced resistance from 100DMA. sustainable breakout of 100DMA will make it bullish.
100DMA is placed at 17195.97 level.
So, we can say that 17195-17200 is immediate resistance.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 08-12-2021
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.