Simple Trade Setup | NIFTY | 16-11-2021 [ INTRADAY]NSE:NIFTY
After such a flat closing our trade setup and levels are still the same as per previous setup.
Observations:
1) On daily time frame, it sustain and took support from 21DMA which is placed at 18081.33 level.
Also it is trading above the support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 16-11-2021
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 For 15 Nov 2021NIFTY Intraday Trade Setup For 15 Nov 2021
Buy-Above 18125
Sl-18100
T-18200 18260 18300
Sell-Below 18070
Sl-18100
T-18000 17950 17900
Index has closed just at the resistance. If index sustains above 18125 then index will shoot above 18300 trapping short sellers.
But if this is a fakout then index will again come down till 17900.
Follow the above given levels strictly and kindly wait for 5 min candle close to initiate the trades.
Nifty Intraday Trade Setup | 12th November 2021Nifty opened with Gap-down below our Sell level of 17980 and we saw a further fall towards 17820-17830 zone. Nifty again broke the morning low but 17800 acted as good support and we saw a 90-95 points rally in the last hour.
Trades we took Today:
> Bought Nifty 17800 CE at 140, we added more at 130 and booked all at 152. Traders booked profit in this Trade
> Bought Nifty 17900 CE at 25 which made a high around 40 and Traders booked easy 30-50% profit in this Trade
> Bought Nifty 17800 CE again at 70, added more at lower levels and we booked 20 points profit
Overall Good expiry day for Nifty Option Buyers.
Last time, we saw a good bounce from the 17800 zones. If Nifty sustains above 17900, it can again test the 17970 - 18000 zone.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 17900
Sell Below - 17800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 15-11-2021 [ INTRADAY] NSE:NIFTY
Observations:
1) On daily time frame, it finally closed above 21DMA. Which is a positive sign. But for up move it has to sustain above it.
21DMA is placed at 18083.82 level.
Please refer below chart : 1 day Time Frame.
2) Also on Daily time frame, it opened above support line and closed above the support line with good bullish candle.
This trendline will still work as major support trendline.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 15-11-2021
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 Expiry Trade Setup | 11th November 2021Nifty opened with Gap-down below our Sell level of 17980 and we saw a further fall of around 50 points in the morning. Nifty took support near its support zone of 17900 and we saw a good recovery from morning lows.
Trades we took Today:
> Bought Nifty 17850 CE at 135 which we booked with 15 points profit
> Bought Nifty 18050 PE at 120 which made a high around 140 and Traders booked good profit in this Trade
We took only 2 trades in Nifty as BankNifty gave great opportunity and booked profit in 5 Options Trades.
Tomorrow, if Nifty breaks 17980 on the downside we again can see a fall towards the 17900-17920 zone.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above - 18050
Sell Below - 17980
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 11-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, it couldn't cross 21DMA and remained below it. But stayed above 10DMA.
It is still between 10DMA and 21 DMA.
Good thing is, it managed to close above 18000 level.
21DMA is placed at 18081.99
10DMA is placed at 17943.44
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it is still trading above major support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 11-11-2021:
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 For 11 Nov 2021NIFTY Intraday Trade Setup For 11 Nov 2021
Buy-Above 18120
Sl-18090
T-18190 18260 18300
Sell-Below 17900
Sl-17930
T-17836 17798
Nifty is looking bullish. But tomorrow is expiry so we need to be a bit safe. Will firstly try to sell the hourly range 18100 and 17900.
And if index makes a range tomorrow till 1 o'clock then we will simply trade the range breakout.
Nifty Intraday Trade Setup | 10th November 2021Nifty opened flat today and faced resistance near our Buying level of 18100, after morning movement we saw a range-bound day whole day.
Trades we took Today:
> Bought Nifty 18050 CE at 130 which we booked with 20 points loss
> Bought Nifty 18150 PE at 145 which we booked with 15 points profit
> Bought Nifty 18000 CE at 120 which we booked with 15 points profit
> Bought Nifty 18150 PE again 155 which we booked with 15 points profit
Overall, an average day and it was more of scalpers day in Option Buying.
For tomorrow, today's low would be important. If Nifty breaks 17980, we may see a sharp fall towards 17900 zones.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 18080
Sell Below - 17980
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 10-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, it faced resistance from 21DMA and closed below it.
It is still between 10DMA and 21 DMA.
Good thing is, it managed to close above 18000 level.
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it is still trading above major support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 10-11-2021:
Most of the levels and trade setup remains same as per previous.
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 | 09-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that it just closed above 21DMA which is placed at 18064.09 level.
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it managed to close above the support trendline.
Which is a good sign as far as it is above this trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 09-11-2021:
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 | 9th November 2021Nifty opened with big Gap-up above 18000 level but due to weakness in Banking we saw a sharp fall of approx 200 points in Nifty but it gave a great recovery during Intraday.
If Nifty starts trading above 18100 tomorrow, we can again see a good upmove.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 18100
Sell Below - 18040
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 8th November 2021Nifty opened with Gap-up on Wednesday and we saw a high volatile session and Small range-bound on Muhurat Trading Session.
Trades we took Today:
> Bought Nifty 17850 CE at 125 which we booked at 138 with 13 points profit
> Bought Nifty 17750 CE at 75 which made a high around 160 and Traders booked great profit in this Trade
Indian Market is opening after 3 days, high volatile movement can be seen in the morning.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17950
Sell Below - 17900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NIFTY Intraday Trade Setup For 9 Nov 2021NIFTY Intraday Trade Setup For 9 Nov 2021
Buy-Above 18100
Sl-18070
T-18170 18260
Sell-Below 17990
Sl-18020
T- 17955 17910
The index has given a very strong closing today. It has sustained above the psychological resistance of 18000.Range has shifted today. The dynamic resistance is tested today. the dynamic resistance will be taken out if index crosses 18100 tomorrow. Then a sharp recovery will be seen till 18250 levels. 18000 will act as an support . So consider buying for tomorrow's trading session.
Simple Trade Setup | NIFTY | 08-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that it again back and closed on the support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 08-11-2021:
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 For 8 Nov 2021NIFTY Intraday Trade Setup For 08 Nov 2021
Buy- None
Sell-Below 17900
Sl-17925
T- 17850 17800
No buying until Nifty closes above 18000 in daily time-frame. So, consider shorting below 17900 for the target of 17800.
If the trendline support in the 15 Min TF is broken then Nifty will head towards 17660-17680. According to our ABCD and Bullish Bat Pattern nifty is likely to touch the above mention level.
Also you can sell the Wednesday Range for Mondays trading session with negative bias.
Nifty Expiry Trade Setup | 3rd November 2021Nifty opened with Gap-up and we saw an upmove in the morning but it faced resistance near the 18000 zone which was a psychological level to break and Nifty was trading in a range for the entire day.
Trades we took Today:
> Bought Nifty 17850 CE at 150 which we booked at 135 with 15 points loss
> Bought Nifty 18050 PE at 170 which we booked with 5 points loss at 165
Overall Nifty was in a Narrow Range throughout the day, Not a Good day for Nifty Options Trades.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:00 PM.
Intraday Levels:
Buy Above - 17960
Sell Below - 17850
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 03-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 15min time frame, on 02-11-2021, it has sustain and taken support from the major support trendline.
Please refer below chart : 15 min Time Frame.
2) On daily time frame, it is still holding the support trendline. If it gives breakdown of this trendline on daily time frame then it will be bearish.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 03-11-2021:
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 | 2nd November 2021Nifty opened with Gap-up and after taking support near Friday close, Nifty showed a Great rally.
Trades we took Today:
> Bought Nifty 17750 CE at 125 which made high around 281 and Traders booked great profit in this Trade
> Bought Nifty 17900 PE at 135 which we booked with 5 points loss
> Bought Nifty 18100 PE at 175 which we also booked with 15 points profit
Overall, Good day and Traders booked profit in 2 Nifty Options Trades.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 17960
Sell Below - 17880
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | NIFTY | 02-11-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that 50 DMA range is working as support and before touching it, it gave good upmove movement. Now it is in between 21DMA and 50DMA.
50DMA will work as support. 50DMA is placed at 17592.53
21DMA will work as immediate resistance. 21DMA is placed at 18015.91 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see that it gave breakout of the trendline and closed above it.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 02-11-2021:
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 | 1st November 2021Nifty opened flat today and we saw a sharp sell-off in the morning as a continuation of Thursday. Nifty took support at 17600 zones and we saw a great bounce as expected.
Trades we took Today:
> Bought Nifty 17800 CE at 145 which made high around 225 and Traders booked great profit in this Trade
> Bought Nifty 17900 PE at 150 which made high around 180 and Traders booked good profit in this Trade
> Bought Nifty 17750 CE at 140 which we also booked with 20-25 points profit
> Bought Nifty 17650 CE at 170 which made high around 225 and Traders booked great profit in this Trade
Overall, Great day and booked profit in all the Trades.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17720
Sell Below - 17600
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Intraday Trade Setup | 29th October 2021Nifty opened with flat today and we saw sharp selling right after open and it broke the important support zone of 18000 - 17950.
Trades we took Today:
> Bought Nifty 18050 CE at 130 which we booked with 5 points loss
> Bought Nifty 18000 CE at 135 which we booked with 20 points loss
> Bought Nifty 17950 CE at which made high around 164 and Traders booked good profit in this Trade.
> Bought Nifty 17950 CE again at 95 which we booked with 20 points loss
Overall, Bad day for Nifty Option Buyers.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17925
Sell Below - 17800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team