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Niftyintraday

Simple Trade Setup | NIFTY | 02-05-2023 [INTRADAY]Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 02-05-2023 Most of all the levels and zones 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. NSE:NIFTY
NSE:NIFTY
by Trading_hawk
#Nifty"On the trading day of April 18th, the global market is indicating a slightly negative start, and the market sentiment is moderately bullish. Structurally, there is a lower probability for a big rally, but if the market initially shows a strong pullback, we can consider that the pullback will turn into a rally continuation. However, the immediate upside key level will be a potential rejection point. On the other hand, if there is an initial decline, we can expect a correction."
NSE:NIFTY
by Manickamtraders
Weekly Expiry - Nifty 50 - Trading Strategy 13 APR 2023Great Rally today in both Nifty and Bank Nifty. Nifty 50 has quickly covered the psychological barrier of the 17800 level which is crucial for 18000+ levels. Resistance: 1.32 CR Call OI buildup @ 18000 level. followed by 91.4 L Call OI buildup @ 17900 level. (STRONG RESISTANCE AT 18000 LEVEL). Support: 1.06 CR Put OI buildup @ 17700 level. followed by 1.05 L Put OI buildup @ 17600 level. It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. VIX as of today has ended lower, which confirms the positive direction of the market. Also, the candle stick pattern with a higher High and Higher Low plus a GREEN candle with a bottom shadow signals further upside tomorrow. It is better to trade in limited quantities with strict stop loss or hedging options though the market seems bullish and FIIs have been buyers in the past sessions. Possible Trading Levels: UPSIDE TRADE: Buy only above 17850 >>>>> Buy ITM 17800 CE. (TGT 17900 | SL 17800) DOWNSIDE TRADE: Sell only below 17800 >>>>> Buy ATM 17850 PE (TGT 17750 | SL 17850) - Risky traders can TGT 17730. Things to account for 13 April Thursday 2023 (Weekly Expiry): 1. India's Inflation rate is 5.66% YoY vs 6.44% YoY last year. This is positive news. 2. US inflation rate is 5% vs 6% last year. This will bring great relief as FED inflationary measures of the rate hikes will be possibly curtailed. This is again positive news for the economy and markets. 3. TCS Q4 Results declared and Profit jumps 15% YoY. A dividend declared of 24 per share. Positive News. 4. Weekly Expiry Day for Nifty and Bank Nifty. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTYLong
by SunilA75
#Nifty"Trading day, April 13th: The global market is indicating a neutral to slightly negative start, with a moderately bullish market nature. It may begin with a neutral sentiment similar to yesterday's structure. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. However, if the pullback occurs slowly and consolidates, it could indicate distribution and a correction may be expected when it rejects the major resistance zone. Conversely, if the initial market declines sharply, a correctional wave is likely, and the market should 38% fib level. If the market breaks 38%, we can expect a minimum of 78% to the extension level of 1.27. On the other hand, if the decline doesn't break 38%, it could be a sign of a range market and a continuation of the rally."
NSE:NIFTY
by Manickamtraders
Nifty-11/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ Nifty-11/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 17640 - 17649 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S and SELL with the Rejection of S. _______________________ 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. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> 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 )
NSE:NIFTY
by SriTrader5121