Cyber Monday saleUp to 70% OFF

Niftyintradaylevels

Nifty Intraday Trade Setup | 9th FebToday Nifty opened with a gap up above 22000 and formed hanging man pattern in first 15 mins candle, we initiated a sell trade in Nifty 22000 PE 15th Feb contract and saw a great fall today as per analysis. For tomorrow, buy Nifty if sustains above 21820 for the targets of 21860 and upper marked levels. On the other side, if Nifty breaks 21670 on the downside, we may see 21630 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21820 Sell Below - 21670 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY Intraday Trade Setup For 09 Feb 2024NIFTY Intraday Trade Setup For 09 Feb 2024 Bullish-Above 21830 Invalid-Below 21780 T- 22005 22190 Bearish-Below 21650 Invalid-Above 21700 T- 21465 21300 NIFTY has closed on a complete bearish note with nearly 1% cut today. Once again our swing short position triggered below 21800 as per shooting star formed on 2 Feb came in profit. SL of 22130 is intact. We can now expect more fall in our favor in the coming days. There is a chance of a quick fall below 21660 tomorrow. Last swing high in intraday was 21820 so above 21830 there can be bullish reversal. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21830 then we will long for the target f 22005 and 22190. For selling we need a 15 Min candle close below 21660. T- 21465 and 21300. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
08 Feb ’24 — Nifty Disappoints, stance reversed to neutral ➡️➡️Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Our stance for tomorrow is bullish and since these are all games of probabilities we reserve the right to be wrong as would like to keep the 21826 area as a good stop loss.” 4mts chart Just when we thought things were swinging in our favor, Nifty took a U-turn and is now back in neutral territory. “Disappointing” is not the right word to define today’s price action, after all the markets did what it felt right. Our analysis and positioning are what took the toll today. I ended up booking the highest intraday loss ever since I started trading. To give you a backdrop, we were long overnight and the set-up looked pretty bullish for us. Although we cut losses once the 21826 magic level got hit, our MTM was too deep in the RED for any sort of recovery. Nifty fell a total of 346 points in the intraday trade today. The support level of 21913 was taken out with so much force (depth of the RED candle) that it felt like kissing goodbyes to this level. The culprit was BankNifty, after the RBI MPC meeting today, despite no major policy decisions - banks started falling, pulling the other stocks along with it. One thing that stood out in the discussion today was the instruction to include the loan processing fees, and other charges to the interest component so that the end customer knows the exact rate he is paying. Why would the bigger banks get spooked by that? Other stocks like NESTLE and ITC were looking weak even before the Governor’s speech. 63mts chart Between the last expiry and today, Nifty has gained only 70pts ~ 0.32%. The gains would have been sizeable and meaningful if not for the rout today. After today’s episode, we drew the double top pattern (M pattern). Since the support level of 21913 is breached, we hope that this pattern holds. Nifty is by no means bearish, unlike BankNifty which slipped into the RED today. If BN continues the southward journey tomorrow, most likely N50 will have to follow suit.
NSE:NIFTY
by viswaram
Nifty weekly analysis for 05/02/24.Nifty has tested the higher levels and got rejected from the high forming a hanging man candle on the daily charts. Weekly charts is still showing some postivity and it is still way high from the weekly 20 ema. The market has gained 500 points on the weekly close and is looking positive as compare to the other indices. Major support levels :- 21820, 21660, 21500 There is a possibility of a double top pattern formation but confirmation for the M pattern will be below 21230 levels. A confusion is there in the market as the budget was about to come this week and market participants were over excited for that . It will face a major resistance from ATH and if it goes up to the levels and consolidate from 2-3 trading session or create halt candle, high chances for testing 23k levels will be there. Resistance :- 21900 (hourly), 22130 (ATH). Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 08 Feb 2024NIFTY Intraday Trade Setup For 08 Feb 2024 Bullish-Above 22060 Invalid-Above 22010 T- 22210 22350 Bearish-Below 21850 Invalid- 21900 T- 21689 21487 NIFTY has closed on an absolute flat note today. it opened with 0.5% gap up above our buy level. 10 o'clock range was to be used as per trade setup which broke downside below 21960 and last swing high/sl was 22022. It gave a small move till 21860, so more than 90 points move given as per 10 o'clock range breakout. The intraday momentum has contracted this is probably due to VIX cool off after Budget which was a major event. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22060. T- 22210 and 22350. For selling we need a 15 Min candle close below 21850. T- 21689 and 21487. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Trade Setup | 7th FebToday Nifty opened with a gap up around 21830 and after consolidating it gave a breakout above 21850 which was also out buy level and Nifty gave a rally towards 21950. Yesterday we also posted an idea about a Fall around 10:00 am and we saw 70 - 75 points sharp decline from 21850 levels. For tomorrow, if Nifty sustains above 22000, we expect to see 22040 and upper marked levels. On the other side, if Nifty breaks 21850 on the downside, we may see 21800 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 22000 Sell Below - 21850 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
4
NIFTY Intraday Trade Setup For 07 Feb 2024NIFTY Intraday Trade Setup For 07 Feb 2024 Bullish-Above 21970 Invalid- Below 21920 T- 22150 22350 Bearish-Below 21720 Invalid-Above 21770 T- 21525 21315 NIFTY has closed on a bullish note with 0.72% gain today. Nothing triggered as per trade setup today. It has revered yesterday's sentiment and chances are high that there can be bear trap above 21970 tomorrow. We will exit the short trade initiated below 21800. Best trade will be above 21970 on a flat opening for a fresh ATH. 21700 is now the last hourly swing low below which bearish price structure will be initiated. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21970 then we will long for the target of 22150 and 22350. For selling we need a 15 Min candle close below 21720. T- 21525 and 21315. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Trade Setup | 6th FebToday Nifty opened with a gap up around 21920 and after consolidating at upper levels around 21960, we saw sharp selloff for 225+ points. For tomorrow, if Nifty sustains above 21850, we expect to see 21890 and upper marked levels. On the other side, if Nifty breaks 21720 on the downside, we may see 21680 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21850 Sell Below - 21720 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
Nifty Intraday Trade Setup | 5th FebToday Nifty opened with a gap up around 21825 and broke the important resistance level 21850 where Nifty was facing hurdle from so many days. Above 21850 we were bullish in Nifty, booked our shorts, taken 21800 CE and got the great profit in both 21800 and 21950 CE. For Monday, if Nifty sustains above 21930, we expect to see 21980 and upper marked levels. On the other side, if Nifty breaks 21800 on the downside, we may see 21760 and below marked levels on the chart. Expectations: Positive Day Intraday Levels: Buy Above - 21930 Sell Below - 21800 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTYLong
by InvestPro_India
1
NIFTY Intraday Trade Setup For 01 Feb 2024NIFTY Intraday Trade Setup For 01 Feb 2024 Bullish-Above 21840 Invalid-Above 21790 T- 22050 22260 Bearish-Below 21650 Invalid-Above 21700 T- 21390 21120 NIFTY has closed almost on a flat note today with minor cut of 0.13% today. It was funny seeing NIFTY being complete sideways in such big event. It was a great option sellers day. Post 12 it was very stable, VIX crashed nearly 10%. Now 21850 and 21440 are hourly levels for the next trigger of move any side. Above 21850 there can be good short covering move. Tomorrow below 21650 sellers may start to take charge before 21440. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21840 then we will long for the target of 22050 and 22260. For selling we need a 15 Min candle close below 21650. T- 21390 and 21120. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 01 Feb 2024NIFTY Intraday Trade Setup For 01 Feb 2024 Bullish-Above 21820 Invalid-Below 21770 T- 22177 22533 Bearish-Below 21440 Invalid-Above 21490 T- 21120 20769 NIFTY has closed on a bullish note with nearly 1% gain today. As per trade setup nothing triggered as per trade setup. But one important thing was discussed yesterday that 21470 will be an important support as per half bat pattern (50% retracement). It gave a harp bounce from 21470 till 21740. Tomorrow is Interim Budget an important event so there can be big moves either side based on announcements. I will personally not trade tomorrow. Be very low position sized or avoid trading tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21820 then we will long for the target of 22177 and 22533. For selling we need a 15 Min candle close below 21440. T- 21120 and 20769. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
#Nifty levels for 2024 union budget."Good evening, friends. Tomorrow, we have a big event: the Union Budget for 2024. It's a significant event, and the market will mostly move based on the sentiment surrounding that event, with less probability for technical analysis. So, I'm just sharing my Fibonacci levels on the one-hour chart. If you want, feel free to use it. And if you'd like to trade on this day, then only spend a partial amount of your capital because the market will provide plenty of opportunities in the upcoming days. All the best."
NSE:NIFTY
by Manickamtraders
1
Nifty weekly expiry on BUDGET day (01/02/24).Tomorrow is nifty weekly expiry and financial budget. There will be much volatility in the market as both the events are on the same day. Nifty has given a nice move in the first half and consolidated in the second half. If the market opens flat or slightly lower, after the break out bullish trade can be initiated and heavy quantities should be enter only once it starts trading above 21800. Major resistance levels :- 21750-810, 21970 Gap filling trade can be made on the break out. Support for bearish targets :- 21660, 21480, 21250 Watch for the option premiums flactuations as there will be decay and movement at the same time. Price action near the levels for setup must be watch before entering. Straddle or strangle may give some profits. Keep a strict loss and target fixed.
NSE:NIFTY
by Mambotrade
Nifty Intraday Trade Setup | 30th Jan '24Today Nifty opened with a gap up around 21440 and after forming a low at 214229 in first candle Nifty gave a crazy rally of more than 300 points and closed near day high. Gift Nifty is indicating a gap-up opening near 21850 which is a key resistance level. For today if Nifty comes down and crosses 21770 on the upside, we expect more rise towards 21810 and upper marked levels. On the other side, Nifty has to break 21680 for more downside towards 21640 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 21770 Sell Below - 21680 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY Intraday Trade Setup For 31 Jan 2024NIFTY Intraday Trade Setup For 31 Jan 2024 Bullish-Above 21820 Invalid-Below 21770 T- 22058 Bearish-Below 21470 Invalid-Above 21520 T- 21300 21120 NIFTY has closed on a bearish note today with 1% cut today. It opened almost flat and faced resistance at our buy level and corrected till 21475. One anticipation was shared about a pullback through half bat pattern was plotted which somehow pulled it. Since we are close to a big event so intraday moves can be random and big so avoid trading this week or just reduce your position size. If it opens a bit flat then 21475 may act as a good support as per 50% healthy retracement. Incase it breaks then we will head towards 21120 eventually which is a strong hourly support. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21820 then we will long for the target of 22058. For selling we need a 15 Min candle close below 21470. T- 21300 and 21120. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 30 Jan 2024NIFTY Intraday Trade Setup For 30 Jan 2024 Bullish-Above 21770 Invalid-Above 21720 T- 21910 22058 Bearish-Below 21550 Invalid-Above 21600 T- 21335 NIFTY has closed on a bold bullish note with 1.8% gain today. It was backed mainly by Reliance which closed at ATH. It opened slight gap up and buy triggered as per trade setup. 10 o'clock range broke upside above 21590, last swing low/risk was 21550. It gave a non stop move till 21760. Tomorrow if at all there is a gap up then possibility of a overall range bound market will be high. In case it opens flat and tests 21550 then it can find support here. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21770 then we will long for the target of 21910 and 22058. For selling we need a 15 Min candle close below 21550. T- 21335. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty weekly analysis for 29/01/24.Nifty is looking strong on the weekly charts and the recovery on the last trading session is looking positive too. It has closed around 38.2% fib level. If the market gap up there are chance of a W pattern above 21480, it can test 21550 levels. Wait for a hourly candle close above or below the levels. As good intraday targets can be achieved in the trade. Resistance levels :- 21480, 21550, 21700 If there is a gap down below 21230 level, it can trade upto the previous day low. Bearish target/ support levels :- 21230, 21020-21000, 21860 The market will be volatile this week as there is a budget on wednesday. Option premium are high and there is much movement in the premiums. SL should be trailed for capturing the move. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 29 Jan 2024NIFTY Intraday Trade Setup For 29 Jan 2024 Bullish-Above 21410 Invalid-Below 21360 T- 21627 21855 Bearish-Below 21240 Invalid-Above 21290 T- 20975 20769 NIFTY has closed on a slight bearish note last week with 1% cut. Since the update of NIFTY making a short term top @ 22124 on 18 Jan , it is in correction mode. Only Event is Union Budget which can terminate this correction or else it is aligned for a short term correction towards 20200 zone. However the coming week is filled with major events like Giant's result Union Budget and Fed Event. 21410 and 21240 are important levels for tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21410 then we will long for the target of 21625 and 21855. For selling we need a 15 Min candle close below 21240. T- 20975 and 20769. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Trade Setup | 25th Jan '24Today Nifty opened with a gap down around 21200 and after forming a low at 21137 Nifty gave more than 300 points recovery from lower levels and closed near day high. For Tomorrow, 25th Jan if Nifty sustains above 21525, we expect more upside towards 21570 and upper marked levels. On the other side, Nifty has to break 21370 for more downside towards 21320 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 21525 Sell Below - 21370 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2