Nifty Intraday Trade Setup | 6th MayNifty opened with a gap-up and after making a high near 22800 in first hour we saw a crash. We posted a sell idea on Tradingview @ 22780 - 22800 for intraday and traders made great profit in Nifty puts today.
For Monday, we are not looking for a buy and will see sell on rise opportunity. If Nifty sustains below 22440, we may see 22400 and below marked levels on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - No looking for a buy
Sell Below - 22440
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Niftyintradaylevels
NIFTY Intraday Trade Setup For 3 May 2024NIFTY Intraday Trade Setup For 3 May 2024
Bullish-Above 22800
Invalid-Below 22750
T- 23050
Bearish-Below 22550
Invalid-Above 22600
T- 22333
NIFTY has closed with a slight gain of 0.19% gain today. On Tuesday EOD we discussed that index may give a bounce of the fall towards 22700 zone if Tuesday's low will be safe. Index followed the same and 22700 zone acted as intraday resistance. Index traded between previous day's range and formed an inside candle in daily TF. Tomorrow once again index looks sideways if it does not dive below 22560. So will will stick to broader range of 22800 and 22550 to trade.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22800 then we will long for the target of 23050.
For selling we need a 15 Min candle close below 22550. T- 23333.
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.
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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.
#NIFTY Intraday Support and Resistance Levels -02/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22620 level and then possible upside rally up to 22740 level in today's session. in case nifty trades below 22570 level then the downside target can go up to the 22450 level.
#NIFTY Intraday Support and Resistance Levels -02/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22620 level and then possible upside rally up to 22740 level in today's session. in case nifty trades below 22570 level then the downside target can go up to the 22450 level.
NIFTY Intraday Trade Setup For 1 May 2024NIFTY Intraday Trade Setup For 1 May 2024
Bullish-Above 22790
Invalid-Below 22740
T- 23050
Bearish-Below 22550
Invalid-Above 22600
T- 22333
NIFTY has closed on a slight bearish note with 0.17% cut today. It has formed a shooting star exactly at ATH which seems to be an alert for bulls. Index will rally very strongly above 22800 as sellers shorted today will exit and fresh buyers like us will enter, double force move. But below today's low bears will take charge. If today's low will be safe then it may give bounce towards 22715.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22790 then we will long for the target of 23050.
For selling we need a 15 Min candle close below 22550. T- 22333.
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.
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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.
#NIFTY Intraday Support and Resistance Levels -30/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22650 level and then possible upside rally up to 22770 level in today's session. in case nifty trades below 22610 level then the downside target can go up to the 22490 level.
NIFTY Intraday Trade Setup For 30 Apr 2024NIFTY Intraday Trade Setup For 30 Apr 2024
Bullish-Above 22660
Invalid-Below 22610
T- 22875
Bearish-Below 22500
Invalid-Above 22550
T- 22333
NIFTY has closed on a bullish note today, clocked exactly 1%. Tomorrow once again we can expect bullish move if today's high is sustained. In the weekend we discussed hourly levels as 22650 and 22300. It has tested the upper level so above 22660 we will maintain a bullish view for a fresh ATH. High probability trade will be in buy side on flat opening or slightly below 22640. 25500 will be a confluence zone just like today.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22660 then we will long for the target of 22875.
For selling we need a 15 Min candle close below 22500. T- 22333.
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.
#NIFTY Intraday Support and Resistance Levels -29/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22470 level and then possible upside rally up to 22590 level in today's session. in case nifty trades below 22420 level then the downside target can go up to the 22300 level.
NIFTY Intraday Trade Setup For 29 Apr 2024NIFTY Intraday Trade Setup For 29 Apr 2024
Bullish-Above 22630
Invalid-Below 22580
T- 22810
Bearish-Below 22380
Invalid-Above 22430
T- 22145
NIFTY has closed with a gain of 1.23% last week. Index is still trading sideways in the parallel channel.
Till the time index trades between this parallel channel direction trades in short term is risky. 21700 and 22800 is the range for a short term trigger. Breakout of this range will establish a trend in short term as these are weekly levels. 22300 is the last hourly swing low, breakdown may trigger a good fall.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22810-50.
For selling we need a 15 Min candle close below 22380. T- 22145.
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.
NIFTY Intraday Trade Setup For 26 Apr 2024NIFTY Intraday Trade Setup For 26 Apr 2024
Bullish-Above 22630
Invalid-Below 22580
T- 22810
Bearish-Below 22450
Invalid-Above 22500
T- 22295
NIFTY has closed on a bold bullish note today with 0.75% gain. It is a bold candle as it gaped down 85 points and then recovered till 22625. Tomorrow is likely to be bullish day. Broadly we are still trading between this rising parallel channel in daily TF. 22465 will act as a support and one can have a bullish plan from this level. Best trade will be opening below 22625 and then breakout of 22630.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22810-50.
For selling we need a 15 Min candle close below 22450. T- 22295.
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.
Nifty monthly expiry levels for intraday trade 25/04/24.The index for last 2 trading session is consolidating in a range between 22350-22480 and is sustaining above the moving averages.
A halt candle has been formed after a gap down opening which signifies that the market may give a trending move in coming days.
The drop in the VIX has killed the option premiums and there was option buyers are waiting for a buying opportunity in the market.
Tomorrow is the monthly expiry for the index and as the market is behaving a move can be seen, if there is a slight gap up/down or a flat opening.
If there is a flat opening and consolidation in the first half, the break out or break down in the second half can give a trending move.
Major Support levels:-22330, 22240
Resistance levels :- 22480, 22610
Market has remained volatile this whole month. For last 3 months dojis can be seen on the charts showing confusion among the market participants.
Wait for the market to clear the trend for positional trades. Price action around the levels should be there for entering a trade.
#NIFTY Intraday Support and Resistance Levels -24/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22390 level and then possible upside rally up to 22510 level in today's session. in case nifty trades below 22330 level then the downside target can go up to the 22210 level.
NIFTY Intraday Trade Setup For 24 Apr 2024NIFTY Intraday Trade Setup For 24 Apr 2024
Bullish-Above 22450
Invalid-Below 22400
T- 22665
Bearish-Below 22340
Invalid-Above 22390
T- 22140
NIFTY has closed on a flat note today. Index opened with a 100 points gap up and then index turned sideways. 10 o'clock range was to be used as per trade setup but index did not break and traded within a tight range of less than 100 points. VIX crashed drastically and by this index once again is not good for intraday traders. VIX above 15-16 will bring intraday tradable environment. Index looks week below 22340 and this looks probable tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22665.
For selling we need a 15 Min candle close below 22340. T- 22140.
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.
SELL NIFTY AROUND 11:15 | INTRADAY TRADE 23RD APRILAs per SpanAttack timings algo, we look forward for a fall today after 11:15 AM. Sell Nifty around 11:15 AM today near the crucial resistance levels, try to sell as close as you get.
Sell Nifty: Around 11:15 AM and near crucial important resistance levels.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
#NIFTY Intraday Support and Resistance Levels -23/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22400 level and then possible upside rally up to 22530 level in today's session. in case nifty trades below 22330 level then the downside target can go up to the 22210 level.
NIFTY Intraday Trade Setup For 23 Apr 2024NIFTY Intraday Trade Setup For 23 Apr 2024
Bullish-Above 22390
Invalid-Below 22340
T- 22665
Bearish-Below 22190
Invalid-Above 22240
T- 22000
NIFTY has closed on a bullish note with 0.86% gain today. It opened with a big gap up and traded between 10 o'clock range for the whole day. However buy levels was respected as support irrespective of the gap up opening. Tomorrow on a flat opening if index breaks today's high then it will directly test 22665 zone. Bears will try to take charge below 22250 but for safer side plan short below 22190.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22390 then we will long for the target of 22665.
For selling we need a 15 Min candle close below 22190. T- 22000.
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.
Nifty intraday levels for 23/04/24.Nifty has been trading in the bearish zone and might be this is the retest as it has closed around 61.8% fib level.
Market has taken support from the previous low of around 21800 and recovered closing around 22300 levels.
There was a consolidation after a gap up opening and it closed around the opening price. If the market gives a gap down opening, there will be chance of bearish move as the market recovered quickly from the low.
Major support levels :- 22160-230, 22000 (round number)
The market on the hourly charts has closed above both the moving averages which shows some positiveness in the market.
Resistance levels :- 22500, 22620
Wait for the price action near the levels before entering the market.
Gaps can alter the trading plan. Watch the price action around the levels and trade accordingly.
NIFTY Intraday Trade Setup For 22 Apr 2024NIFTY Intraday Trade Setup For 22 Apr 2024
Bullish-Above 22190
Invalid-Below 22140
T- 22405
Bearish-Below 22000
Invalid-Above 22050
T- 21800
NIFTY has closed with a cut of 1.65% last week. Last week we had a bearish view as per the 2nd leg shooting star in weekly TF. Trigger of the bearish move was 22500. Index has respected 50 EMA in daily TF. Now Below 21770 next bearish move will be triggered which will be a breakdown of rising channel in daily TF. However 21700 is a major weekly support below which index will be bearish in medium term. In case of a gap up possibility of sell off will be high.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22190 then we will long for the target of 22405.
For selling we need a 15 Min candle close below 22000. T- 21800.
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.
NIFTY Intraday Trade Setup For 19 Apr 2024NIFTY Intraday Trade Setup For 19 Apr 2024
Sell_1- From 22250
Invalid-Above 22300
T- 22080
Sell_2- Below 21950
Invalid-Above 22000
T- 21750 21585
NIFTY has closed on a bearish note with 0.69% cut today. Last weekend analysis is going well as we discussed that index will be under bear's grip below 22500 as per the effective 2nd leg shooting star candle in weekly TF. It was said @21520 that there is a high possibility of NIFTY making a short term top. Since then it has been sell on rise market and same approach should be kept till index makes a bullish reversal structure in daily TF.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 21950 then we will long for the target of 21750 and 21585.
In case of gap up we will short from 22250. T- 22080.
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.
Nifty weekly expiry analysis and levels for intraday 17/04/24.Nifty in the last 2-3 sessions has lost 400 points which shows some bearish basis market but it will retrace before another fall.
In case of a gap up opening, there will be a sideways expiry for nifty. Otherwise, after a gap down, there will be a recovery or profit booking in positional/swing trades.
It trading below the 20 ema (daily) and may come to retest the moving average or previous support levels.
Major support levels :- 22095, 22000
Resistance levels :- 22210, 22270, 22430
Negative price action formation around the resistance/support level can be traded in intraday with strict SL.
Wait for the price action near the levels before entering the market.
Nifty - Intraday levels & Prediction for - 18 Apr 2024Nifty Prediction for Thursday Expiry:
Trend : BULLISH
Sentiment : Positive
Expectation : Strong BULLISH
Nifty is sustaining at strong support level, if this holds good and in case Thursday opens gap up, it is a sign of strong uptrend. Plan for positional entries as well and you can find the intraday levels too marked on the chart.
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!