NIFTY Intraday Trade Setup For 24 Jan 2024NIFTY Intraday Trade Setup For 24 Jan 2024
Sell_1- From 21550
Invalid-Above 21600
T- 21375 21200
Sell_2- Below 21190
Invalid-Above 21240
T- 20975 20765
NIFTY has closed on a complete bearish note with 1.54% cut today. Yesterday only we discussed that index has changed its trend to bearish and a short term top has been formed @ 22124. Market opened with a decent gap up and sell triggered below 21540 and gave a move till 21193. However 10 o'clock range broke early below 21665. Tomorrow there is a high probability of a pause candle, also there is a high chance of a pullback move to this impulsive down move.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 21190 then we will short for the target of 20975 and 20765.
In case it tests 21550 via gap up or opening above 21200 then we will short from there. T- 21375 and 21200.
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.
Niftyintradaylevels
SELL NIFTY @ 9:30 AM | INTRADAY TRADE 23RD JAN '24Gift Nifty indicating a gap-up opening, however, as per our time based research, we are looking for a fall in Nifty around 9:30 to 10:00 which may extend upto 10:45. Resistance levels are marked on the chart. Take trade accordingly.
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NIFTY Intraday Trade Setup For 23 Jan 2024NIFTY Intraday Trade Setup For 23 Jan 2024
Bullish-Above 21730
Invalid-Below 21680
T- 21930 22125
Bearish-Below 21540
Invalid-Above 21590
T- 21345 21095
NIFTY has closed on a bearish note last week with 1.47% cut last week. It has engulfed last two weeks gain entirely, also an sustained exhaustion gap day was observed on 17 Jan 2024. This looks like a short term top @ 22124. No bullish trades (swings) till it is lower than 22124. We will focus more on selling opportunity. Important hourly swings are placed @ 22150 and 21280. A good momentum will pick on this range breakout. 21730 and 21540 are important levels for the next session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21730 then we will long for the target of 21930 and 22130.
For selling we need a 15 Min candle close below 21540. T- 21345 and 21095.
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 | 23rd Jan '24Today Nifty opened with a gap up around 21700 and after forming a high at 21720 which was also a resistance zone Nifty kept falling and made lower lows entire day. We traded Nifty Puts in early morning and around 1:35 and booked great profit today.
For Tuesday, 23rd Jan if Nifty sustains below 21540, we expect to down move towards 21510 and below marked levels. On the other side, Nifty has to sustains above 21680 for further upside towards 21715 and upper marked levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21680
Sell Below - 21540
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Nifty Intraday Trade Setup | 20th Jan '24Today Nifty opened with a gap up around 21600 and after forming a high at 21670 it remained in a range 21640 - 21575 for the whole day.
For tomorrow, buy only if Nifty sustains above 21725, expecting an up move towards 21770 and above marked levels. On the down side, Nifty has to break 21550 for further downside towards 21510 and below marked levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21725
Sell Below - 21550
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Nifty weekly expiry analysis for 18.01.24.A heavy sell off in the markets and a single stock down by more than 8% has brought nifty down.
The closing is ,below 20 SMA and EMA, around the day low.
MAJOR SUPPORT :- 21500
If the above support is gone nice 100 point first target can be achieved. To carry on with the bearish move trail SL for finally target around 21280.
Nifty is 2% down while banknifty is more than 4%.
Tomorrow is the weekly expiry keep targets and SL tight. VIX is up by 11% which means option premiums will be high.
Target levels :- 21365, 21280
Either it will go for another dip or it will halt in case of gap up opening (minimal chances). Avoid entering any bullish trade for intraday.
Price action is the key. Keep it in watch.
NIFTY Intraday Trade Setup For 19 Jan 2024NIFTY Intraday Trade Setup For 19 Jan 2024
Bullish-Above 21540
Invalid-Below 21490
T- 21787 21979
Bearish-Below 21280
Invalid-Above 21330
T- 21095 20915
NIFTY has closed on a bearish note with 0.51% cut. It was another gap down day due to global negative cues and majorly HDFCBANK. 10 o'clock range was to be used as per trade setup. Range broke upside 21407 and gave a move till 21539. There was a sharp recovery from 21285 and it held itself at higher levels the rest day. It has formed a spinning top candle which tells indecisiveness, it can also act as reversal above its high , complete or partial that is another thing.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21540 then we will long for the target of 21787 and 21979.
For selling we need a 15 Min candle close below 21280. T- 21095 and 20915.
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 | 19th Jan '24Today Nifty opened with a gap down around 21400, Nifty tried to break a resistance zone 21480 - 21500 on upside but we saw a sharp selling in morning and Nifty made a low at 21285. However, we also saw a good recovery from lower levels and Nifty closed above it's opening price which is a positive point.
For tomorrow, buy only if Nifty sustains above 21530, expecting an up move towards 21570 and above marked levels. On the down side, Nifty has to break 21400 for further downside towards 21360 and below marked levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21530
Sell Below - 21400
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NIFTY Intraday Trade Setup For 18 Jan 2024NIFTY Intraday Trade Setup For 18 Jan 2024
Sell_1- From 21855
Invalid- Above 21905
T- 21705 21600
Sell_2- Below 21550
Invalid- Above 21600
T- 21390 21215
NIFTY has closed on a complete bearish note with 2% cut today. It opened with a big gap down which was triggered by HDFCBANK. It was on the biggest gap down in the recent months and a single component had the contribution. Yesterday we discussed that it formed a spinning top candle and below its low there can be a chance of reversal. Now tomorrow there can be a chance of pullback if today's low is safe. In this case 21855 will act as an intraday resistance.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes below 21550 then we will short for the target of 21390 and 21215.
2nd short can be considered from 21855. T- 21705 and 21600.
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 | 17th Jan '24Today Nifty opened with a minor gap down around 22090 and after making a low around 22030 we saw an up move towards 22124 and then profit booking from upper levels. Nifty took support around yesterday low 21970 and then we saw a consolidation.
For tomorrow, buy only if Nifty sustains above 22125, an up move towards 22165 and above marked levels. On the down side, Nifty has to break 21960 for further downside towards 21920 and below marked levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 22125
Sell Below - 21960
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Nifty Intraday Trade Setup | 16th Jan '24Today Nifty opened with a gap up around 22040 and after making a high around 22080 we saw profit booking from upper levels. Nifty took support around 21965 and made a new ATH towards the closing.
For tomorrow, if Nifty sustains above 22120 we will see fresh up move towards 22160 and above marked levels. On the down side, Nifty has to break 22000 for further downside for 21960 and below marked levels.
Our biased is bullish for morning and we are looking for up move towards 22150 - 22200.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 22120
Sell Below - 22000
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NIFTY Intraday Trade Setup For 17 Jan 2024NIFTY Intraday Trade Setup For 17 Jan 2024
Bullish-Above 22130
Invalid-Below 22080
T- 22275 22460
Bearish-Below 21960
Invalid-Above 22010
T- 21840 21700
NIFTY has closed on a slight bearish note 0.29% cut today. It has formed a spinning top candle which indicates indecisiveness. It can result into a reversal too if it breaks today's low- 21960 and in case the immediate next daily candle closes in red then possibility of a reversal is high, small or big we do not know. Index is in the last leg of rally BTW and a top can be formed in 22500 zone (+/-100). Tomorrow 22130 and 21960 are important levels.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22130 then we will long for the target of 22275 and 22460.
For selling we need a 15 Min candle close below 21960. T- 21840 and 21700.
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 16 Jan 2024NIFTY Intraday Trade Setup For 16 Jan 2024
Bullish-Above 22120
Invalid- Below 22070
T- 22275 22460
Bearish-Below 22010
Above- 22060
T- 21875 21715
NIFTY has closed on a bullish note with almost 1% gain today. It opened with a decent gap up today and as per trade setup 10 o'clock range was to be used. Range broke upside above 22082 and gave a small move till 22115. In the weekend analysis it was said that index is ready to break 22k in flow which will be backed by It results and reliance. Tomorrow once again bullishness may continue above today's high.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22120 then we will long for the target of 22275 and 22460.
For selling we need a 15 Min candle close below 22010. T- 21875 and 21715.
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 analysis and levels for 15/01/24.An engulfing candle on the weekly close is good for the index as it has closed near the new high.
The coming week can give a bullish move too. It has started trading above the resistance level of 21800 and closed somewhat 100 points higher after the break out.
Major support levels :- 21720, 21600 and 21500
Still market is trading above the break out, either it will continue the up move or will show a break out failure.
Watch for the market as there are chance of it testing 22k levels first and then giving a retracement.
Initiate trade as per the setup and price action. Indicator may show otherwise in smaller time frame. So go for higher time frame for analysis.
NIFTY Intraday Trade Setup For 15 Jan 2024NIFTY Intraday Trade Setup For 15 Jan 2024
Bullish-Above 21930
Invalid-Below 21880
T- 22070 22195
Bearish-Below 21800
Invalid-Below 21850
T- 21642 21508
NIFTY has closed on a slight positive note with 0.85% gain last week. Index looks ready to break 22k mark with 3rd quarter results. Index will face a major resistance near 22500 as per ABCD PRZ (2.618) in weekly TF. No Point in looking for short (swing) till 22500. On Friday index broke 10 days contraction pattern (parallel channel) which held index in a tight range. Also we need to observe the daily price action for riding the trend till the fullest, till the time index is in bullish price structure. 21930 and 21800 are important levels for Monday's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21930 then we will long for the target of 22070 and 22195.
For selling we need a 15 Min candle close below 21800. T- 21642 and 21508.
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 | 15th Jan '24Today Nifty opened with a gap up around 21790, in morning we saw fast dip towards 21725 which was our buy level. Nifty took support around this level, started going up and we saw good rally on Friday.
For tomorrow, if Nifty sustains above 21930 we will see fresh buying towards 21970 and above marked levels. On the down side, Nifty has to break 21790, below that level we may see 21760 and below marked levels.
Our biased is bullish for tomorrow and we are looking for up move towards 2200 - 22100 in next week.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21930
Sell Below - 21790
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Nifty - Intraday levels & Prediction for 15 Jan 2024Nifty Prediction for Tomorrow
Buy above previous day High only, Sell below 21846, Strong Sell below 21777
Sideways or BEARISH move is expected tomorrow.
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!!
Nifty Intraday Trade Setup | 12th Jan '24Today Nifty opened with a gap up around 21700 and we booked profit in BTST trade we took yesterday. Nifty faced rejection at 21725 which was a strong resistance zone and we got a good fall in morning towards 21640 which was our buy level for today.
For tomorrow, if Nifty sustains below 21590 we expect to see more downside towards 21550 and below marked levels. On the down side, Nifty has to break 21725 for further upside towards 21760 and upper marked levels.
Our biased it bearish and we are looking for fall tomorrow below 21590.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21725
Sell Below - 21590
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InvestPro India
NIFTY Intraday Trade Setup For 12 Jan 2024NIFTY Intraday Trade Setup For 12 Jan 2024
Bullish-Above 21730
Invalid-Below 21680
T- 21860 22015
Bearish-Below 21590
Invalid-Above 21640
T- 21450 21300
NIFTY has closed on almost on a flat note with minor gain of 0.13% today. It opened with a gap up near hourly upper trendline of the parallel channel. Trendline was respected and fall of almost 90 points came. Closing basis it was just another consolidation day. Till the time index is trading in this hourly parallel channel intraday will be choppy. Directional traders need to wait for its breakout, high probable in the upside. Tomorrow 21730 and 21590 are important levels.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21730 then we will long for the target of 21860 and 22015.
For selling we need a 15 Min candle close below 21590. T- 21450 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.
NIFTY Intraday Trade Setup For 11 Jan 2024NIFTY Intraday Trade Setup For 11 Jan 2024
Bullish-Above 21645
Invalid-Below 21595
T- 21765 21855
Bearish-Below 21440
Invalid-Above 21490
T- 21300 21150
NIFTY has closed on a slight bullish note with 0.34% today. It was another range trading between 21500 and 21850. However it tried to break the range lower but bounced back in the very next candle which hit our sl. Now slight change to our hourly zone, 21850 and 21450 is the zone. Breakout of this zone will give us a directional move. It is consolidating after a big run which is pretty obvious as per market phases. Tomorrow 21650 and 21450 are intraday levels.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21645 then we will long for the target of 21765 and 21855.
For selling we need a 15 Min candle close below 21440. T- 21300 and 21150.
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 | 11th Jan '24Today Nifty opened flat and we saw a sharp down move towards 21450 but it didn't sustain below 21470 which was our sell level, after consolidating near 21500 - 21470 support zone we saw a good rally in afternoon session.
For tomorrow, if Nifty sustains above 21640 we expect to see upside towards 21680 and upper marked levels. On the down side, Nifty has to break 21450, which can take Nifty towards 21410 and lower levels. Range is bigger for tomorrow in Nifty weekly expiry, trade cautiously.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21640
Sell Below - 21450
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Nifty Intraday Trade Setup | 10th Jan '24Today Nifty opened with a gap-up, after consolidating it triggered a buy trade above 21640 and made a high around 21724 which was near to our final target. In second half we saw the rejection which was expected and a sharp fall of more than 200 points from a day high in Nifty towards 21517.
For tomorrow, if Nifty sustains below 21470 we expect to see more downside towards 21430 and below levels. On the upside, Nifty has to break 21645, which can take Nifty towards 21675 and higher levels as marked on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21645
Sell Below - 21470
To motivate us, Please like the idea If you agree with the analysis.
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InvestPro India