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.
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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
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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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
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NIFTY Intraday Trade Setup For 10 Jan 2023NIFTY Intraday Trade Setup For 10 Jan 2023
Bullish-Above 21725
Invalid-Below 21675
T- 21855 22015
Bearish-Below 21490
Invalid-Above 21540
T- 21625 21150
NIFTY has closed almost on a flat note with minor gain of 0.15% gain, all contributed via gap up. As per previous day analysis we planned a pullback short in case of a flat/gap up opening. Sell triggered @ 21660 and and made a low of 21595 which was 1:1, later it reversed and hit sl. Index is broadly trading in the range of 21850 and 21490 since last 3 sessions. One directional move will come on this 360 points range breakout. Tomorrow we will simply plan trade on today's range breakout.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21725 then we will long for the target of 21855 and 22015.
For selling we need a 15 min candle close below 21490. T- 21325 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 weekly levels for intraday trading 08/01/24.Weekly candle is a doji and has closed near the previous candle close.
Nifty is in a bull run. There will be some movement around the ATH of the market.
It has closed just 20 points lower on the weekly charts.
61.8% fib levels is still around the daily close. The market has been consolidating and can continue to consolidate.
Major upside resistance :-21820(ATH)
Supports are ther in the market around :-21640, 21585
A downtrend will be confirmed only once the market starts closing below 21500 levels.
The last hour candle is showing positive sentiment and trade only on price action with calculated risk.
Nifty Intraday Trade Setup | 9th Jan '24Today Nifty opened with a gap-up and after making a high around 21760 we saw a good selling from upper levels. Nifty triggered our sell level 21630 and hit all the targets on downside.
For tomorrow, if Nifty sustains above 21640 we expect to see more upside towards 21670 and upper levels. On the downside, Nifty has to break 21490 to open more lower targets as marked on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21640
Sell Below - 21490
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NIFTY Intraday Trade Setup For 09 Jan 2023NIFTY Intraday Trade Setup For 09 Jan 2023
Sell_1- From 21660
Invalid-Above 21710
T- 21550 21400
Sell_2- Below 21490
Invalid-Above 21540
T- 21325 21160
NIFTY has closed on a bearish note with 0.91% cut today. It was bearish since starting and ended the day at day low. Sell triggered below 21620 as per trade setup which hit our 1st target (21620-21493). Bearish stance will continue tomorrow below today's low. Major hourly support lies near 21280- 21300. Will look for bullish reversal from this zone in 5 Min TF. Incase this support is not held then we may test 21160 which is less probable. Incase it opens flat or gap up 21660 will be intraday resistance.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 21490 then we will short for the target of 21325 and 21159.
2nd sell can be considered from 21660. T- 21550 21400.
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 | 8th Jan '24Today Nifty opened with a gap-up above 21700 which was our buy level, and remained in the range until 10:30 am. Nifty broke it's range on the downside, and we took Sell trade on the breakdown which gave quick 30 points profit.
For Monday, until Nifty cross 21800 we are not comfortable in buying as there are multiple resistances in 21750 - 21800 zone. Let Nifty sustain above 21800, we expect to see some upside towards 21830 and upper marked levels. However, for further rally 21850 is the deciding level, once it's crossed we expect to see 250 - 350 points fast up move.
On the downside, once Nifty sustains below 21630 which is today's low we may see further downside towards 21590 and below marked levels on the chart. To break the current uptrend, Nifty has to sustain below 21500 which is critical level on the downside.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21820
Sell Below - 21630
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NIFTY Intraday Trade Setup For 08 Jan 2023NIFTY Intraday Trade Setup For 08 Jan 2023
Bullish-Above 21750
Invalid-Below 21700
T- 21870 22015
Bearish-Below 21620
Invalid-Above 21670
T- 21477 21290
NIFTY has closed on a flat note last week. It has taken a pause/rest in the leg of 22463-22500. As per ABCD pattern in weekly TF 22400-500 is PRZ. Above 21850 the next round of up move will be triggered again. Since it has started to consolidate below 21850 if 21620 is broken then we will test 21280-300 zone which will be confirmed after 21500 is broken. We will plan a long trade from 21280-300 zone. Between 21850 and 21500 it will be more or less sideways. 21750 and 21620 are important levels for Monday's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21750 then we will long for the target of 21870 and 22015.
For selling we need a 15 Min candle close below 21620. T- 21477 and 21290.
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 500 ready for correction?Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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NIFTY Intraday Trade Setup For 05 Jan 2023NIFTY Intraday Trade Setup For 05 Jan 2023
Bullish-Above 21690
Invalid-Below 21640
T- 21850 21980
Bearish-Below 21590
Invalid-Above 21640
T- 21465 21325
NIFTY has closed on a bullish note with 0.66% gain today. It opened with a gap up and also sustained the gap up. Buy triggered as per trade setup above 21590 and almost 90 points till 21685. However the momentum was less stronger than BANKNIFTY. Possibility is high that we may hit a fresh ATH above today's high 21690. Important intraday resistance will be 21850-30. For a downside journey and gap filling 21590 is the level to be watched for breakout.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21690 then we will long for the target of 21830-50 and 21980.
For selling we need a 15 Min candle close below 21590. T- 21465 and 21325.
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 | 5th Jan '24Today Nifty with a gap-up above 21600, broke the resistance line and rejection level for yesterday with gap-up and sustaining above 21600 triggered our buy level. Nifty made a high around 21685 and we booked profit in both 21600 and 21650 CEs today.
For tomorrow, if Nifty breaks 21700 on the upside, we expect to see further buying towards 21740 and above levels marked. On the downside side, if Nifty breaks 21590, we expect to see more weakness towards 21550 and below marked levels on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21700
Sell Below - 21590
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Nifty Intraday Trade Setup | 4th Jan '24Today Nifty again opened flat, broke our sell level 21600 on the downside and made a low at 21500. We booked great profit in Nifty 4th Jan & 11th Jan expiry Puts.
For tomorrow, if Nifty breaks 21470 on the downside we expect to see further selling towards 21430 and below levels marked on the chart. On the other side, if Nifty sustains above 21600, we expect to see some bounce towards 21630 and upper marked levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21600
Sell Below - 21470
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NIFTY Intraday Trade Setup For 04 Jan 2023NIFTY Intraday Trade Setup For 04 Jan 2023
Bullish-Above 21585
Invalid-Below 21535
T- 21712 21855
Bearish-Below 21500
Invalid-Above 21550
T- 21390 21275
NIFTY has closed on a bearish note with 0.69% cut today. Sell triggered as per trade setup below 21550 and gave a small move till 21500, our targets were yet to be achieved. Bearish move will resume below 21500 tomorrow and best case will be flat opening. Next important support will be 21390 and a reversal may take place from there. Extreme case it may even test 21275 if 21390 will not be held. 21585 is the level for a bullish move.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21585 then we will long for the target of 21712 and 21855.
For selling we need a 15 Min candle close below 21500. T- 21390 and 21275.
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.
03 Jan ’24 — Nifty gets a stance change, Bears are back!Nifty Analysis - Stance Bearish ⬇️
Recap from yesterday: “The first target for a trend change will be the breach of the ascending channel top line approx 21530 levels. From a technical analysis perspective, we had the 3 black crows at 14.30 yesterday and the first 2 candles today.“
4mts chart link
We got our first target of 21530 hit today and as soon as the channel top line got breached - the stance changed to bearish. Technically Nifty is far ahead of BankNifty as N50 has only broken into the channel whereas BN has broken out. The status change is just because of momentum that is favoring the Bears. Come 2024 and they are back!
4mts chart link
NiftyIT deserves a special mention, it fell a whopping 2.59% today. There is severe competition going on between NiftyIT and BankNifty on who wants to become the “leader” in trend reversals.
63mts chart link
On the higher time frame, you can see how N50 is just entering the channel. If the conditions stay like this for tomorrow - we can see a good trending move tomorrow. The first threat to keep in mind is the rejection that came on 21st Dec when N50 bounced from the channel topline. Global macros are much worse today and we are hoping tomorrow’s expiry should belong to the bears. Our first target will be 21409 and then 21310.
Nifty Intraday Trade Setup | 3rd Jan '24Today Nifty opened flat, tried to take support around 21700 but after sometime broke our sell level 21680 on the downside and made a low around 21550 which was our final target.
For tomorrow, if Nifty breaks 21600 on the downside we expect to see 21560 and below levels marked on the chart. On the other side, if Nifty sustains above 21700, we expect to see some bounce towards 21740 and upper marked levels. Until Nifty sustains above 21850, it's sell on rise.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21700
Sell Below - 21600
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InvestPro India