NIFTY Intraday Trade Setup For 05 Oct 2023 | Daily AnalysisNIFTY Intraday Trade Setup For 05 Oct 2023
Bullish-Above 19460
Invalid-Below 19410
T- 19585 19695
Bearish-Below 19330
Invalid-Above 19380
T- 19220 19105
NIFTY has closed with negative cut of 0.47% today but ended the day on a bullish note as it closed near day high. It opened with a big gap down today and 10 o'clock range was to be used as per trade setup. Range broke downside below 19375 and last swing high was 19408. It gave 40 points gain with 35 points risk. Tomorrow on a flat opening above today's high it can give a good bullish move to fill the gap initially and more. Below 19330 once again bearish sentiment will be on.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19460 then we will long for the target of 19585 and and 19695.
For selling we need a 15 Min candle close below 19330. T- 19220 and 19105.
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.
Niftyintradaylevels
Nifty Trade Setup For 03-10-2023Nifty important levels to watch are as follows
#Support: 19620
Sell below: 19620 only on 15 minute candle closure below the level.
Target 1: 19560
Target 2: 19500
Target 3: 19460
#Resistance: 19715
Buy Above: 19715 only on 15 minute candle closure Above the level. scalpers can buy above 19675 for a small target.
Target 1: 19790
Target 2: 19850
Target 3: 19895
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#october4 direction and levels for nifty"Good morning, friends! As of October 04, the global market sentiment is negative (based on the Dow Jones), while our market trend is moderately bearish. It may open with a gap down. The market structure suggests a sharp correction. So don't expect a pullback without any additional confirmation."
Nifty Intraday levels for 4th Oct 2023Hello Traders.
Nifty traded in lower range throughout the day and closed around 19528, good thing is nifty above 19500. If you Check Nifty has not closed below 19500 in last 20 sessions. Means it is simple buyers are accumulating in the range of 19475-19500. Any closing below 19500 will take nifty towards 19200 for sure. NIfty is safe above 19500. In case we get nifty tomorrow around 19400-19430, then we should become contrarian as that will be good support zone for intraday, and we can keep stop loss at 19275 and targets 19650+. Let's see if we get these levels or not.
Important Levels for Nifty:-
Strong Support zone 19400
Strong Resistance zone 19650-19750
Buy above 19558, if levels sustains at least for 30 mints.
Targets we can see in upside 19640/19698
Keep stop loss at 19486
Sale below 19486, if levels sustains at least for 30 mints.
Only Small Targets we can see in downside 19427 (as nifty will be in support zone)
Keep stop loss at 19558
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
3rd Oct ’23 -The opening 5mts candle has a story to tell - NiftyNifty Analysis
Recap from yesterday: “My stance still remains bearish with the first downside target of 19446. The moment we break 19776 on the upside — I wish to exit the short stance and go long.”
The first target of 19446 was not today even though we dropped 103pts in the opening 5mts. The low of today was 19479 breaking the recent swing low of 19492. Two surprising things happened today
The strength of the opening candle - unbelievable and unexpected.
The reluctance to fall after that - shows true ruggedness.
Usually, strong candles like that play out when there is strong news/event flow. I dont remember reading anything in particular before the trading session. Secondly, the character of the market to remain calm after such an opening is again unbelievable.
As I write this article SPX is down -1.47%, NDQ -1.7%. Remember most markets had a RED September - so comparatively we are still the top most performing market. My point is - if a global fall is getting underway, our markets will have more points to lose in absolute terms.
The orange support and resistance lines remain the same, the bottom one is @ 19446, top one at 19776. We just completed an M pattern (double top) on the 1hr TF. For tomorrow I continue to remain bearish with the support getting broken in the opening 1hr. Ideally, we should retest the 19310 support if not break it.
NIFTY - Target Levels - WED - 04.10.23Nifty Spot Price : 19528.8. - INDIA VIX SPOT Price : 11.81 % -
Nifty Daily Range : 19384 To - 19674-
Watch Option Strike : 19550 CE
Draw & Watch The Target Points :
Watch Option Strike : 19550 PE
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
This Is My Trading Phychology Of market1tomorrow
NIFTY Intraday Trade Setup For 04 Oct 2023 | Daily AnalysisNIFTY Intraday Trade Setup For 04 Oct 2023
Bullish-Above 19570
Invalid-Below 19520
T- 19675 19770
Bearish-Below 19470
Invalid-Above 19520
T- 19385 19290
NIFTY has closed on a bearish note with 0.56% cut today. It opened flat and sell triggered as per trade setup but the 1st one Min candle itself was very big which made our short trade RR unfavourable. After the 1st 15 Min candle overall it just consolidated. 10 o'clock range was also intact. Tomorrow below day today's day low there can be a good down move, best suitable after flat opening. For buying it need to sustain above 19570 also we will consider in the 2nd attempt breakout.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19570 then we will long for the target of 19675 and 19770.
For selling we need a 15 min candle close below 19475. T- 19385 and 19290.
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.
Nifty daily analysis for 04/10/23.Nifty on the daily charts, has been trading below the 20 ema and has been closing in a same range of a few trading sessions.
A retracement and a consolidation is going on and market are yet to decide which side to move.
On the hourly charts, market remained inside the first hour candle and has closed below both the moving averages.
The market has closed near the 20 ema, on 15 minute time frame.
Support :- 19500, 19250
Resistance :- 19560, 19730
There are chances of market giving a trending move as it has consolidated in a range for 4-5 trading session.
Wait for the price action near the levels before entering the market.
#October3 direction and levels for nifty"Good morning, friends! As of October 03, the global market sentiment is slightly negative (based on the Dow Jones), while our market trend is moderately bullish. It may open neutrally or with a slight gap down. The market structure suggests a ranging market, so it may move accordingly. On the other hand, if it breaks the range, either to the upside or downside, then we can expect a minor price movement."
Nifty Intraday levels 03/Oct/2023Good Morning Traders,
Nifty has formed a bullish harami candlestick pattern in Daily timeframe. This is a indication of bullishness in market, According to this pattern price has to move in upward direction but as Global market is looking really bearish, might be we can see nifty in some lower range in today's session, Gift Nifty also suggesting a Gap down opening. But chances are high we can see buying in our market. Well if Nifty is unable to sustain 19500 levels in closing basis, then we can definitely expect nifty towards 19200 levels in coming day's.
Important levels for Nifty:-
Strong support zone 19500
Strong resistance zone 19800
Buy above 19741, if levels sustains at least for 30 Mints.
Targets we can see in upside 19841/19906
Keep stop loss at 19605
Sale below 19605, if levels sustains at least for 30 Mints.
Targets we can see in downside 19553/19496
Keep stop loss at 19741
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
NIfty TradeSetup for 29-09-2023Nifty important levels to watch are as follows
#Support: 19555
Sell below: 19555 only on 15 minute candle closure below the level.
Target 1: 19530
Target 2: 19490
Target 3: 19422
#Resistance: 19600
Buy Above: 19600 only on 15 minute candle closure Above the level.
Target 1: 19625
Target 2: 19670
Target 3: 19740
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty 50 Technical Analysis for Tomorrow Nifty 50 Technical Analysis for October 03, 2023
Market Trend: Bullish
Support Levels: 19638, 19501
Resistance Levels: 19733, 19800
Key Highlights:
Nifty 50 is in a bullish trend and has been making higher highs and higher lows.
The market is likely to go upside on Tuesday, October 03, 2023, as indicated by the following:
Price Action: If the market opens gap-up and breaks the 19733 level, then a buying side entry may be possible.
Support and Resistance Levels: The 19638 and 19501 levels are strong support levels, while the 19733 and 19800 levels are strong resistance levels.
Trading Strategy:
Go Long: If the market opens gap-up and breaks the 19733 level, then we can go long on the upside.
Stop Loss: Place a stop loss below the 19638 level.
Target: Target a profit of 1-2% on your trade.
Example:
Entry: Buy Nifty 50 at 19750
Stop Loss: 19630
Target: 19850
Risk Management:
It is important to practice risk management when trading. Never risk more than 1-2% of your capital on any single trade.
Disclaimer:
This is just a sample trading strategy. There is no guarantee that it will be successful. Please do your own research and consult with a financial advisor before making any trading decisions.
Additional Notes:
If the market opens gap-up and retests the 19733 level, then we can wait for a confirmation candle before entering a long position.
If the market breaks the 19500 level, then a fall may be possible. In this case, we should exit our long positions and book our profits.
We can also use a trailing stop-loss to protect our profits. If the market moves in our favor, we can trail our stop-loss higher.
Please note that this is just a sample analysis and trading strategy. It is important to do your own research and consult with a financial advisor before making any trading decisions.
Nifty daily analysis for 03/10/23.Nifty is holding the upper levels on the higher time frame is taking a good support around 19250 levels.
The index has formed a gravestone doji on the monthly charts and for last three months, its trading above 19000 levels.
On the weekly charts, market has shown some retracement after a good up move and has closed above the golden fibonacci levels, forming a neutral doji.
Nifty is trading below the 20 ema, on daily charts, and is facing resistance from the levels. It has formed an inside candle or mother baby candle.
It is holding the levels and is giving close around the same levels. There are high chance of a trending week or month as the charts suggests.
The market is taking a halt and there are high chance of market giving either side move. Watch the market levels before planning a trade as there is no clear trade for an intraday trader.
On the hourly charts, market is trading below both the moving averages and has formed a bearish moving averages cross over.
Support :- 19500, 19250
Resistance :- 19730, 19850
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 03 Oct 2023NIFTY Intraday Trade Setup For 03 Oct 2023
Bullish-Above 19730
Invalid-Below 19680
T- 19830 19930
Bearish-Below 19615
Invalid-Above 19665
T- 19540 19450
NIFTY has closed almost on a flat note last week with a minor cut, overall consolidated. A sideways momentum is common after a parabolic move which was discussed last week itself. Now we can expect directional move on break of the consolidated zone. 19490 is the key level for a downside move. 28 Sep high is very important for a bullish trigger as its was a major seller's candle. So 19490 and 19800 is the range to look for breakout for the next directional move.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19730 then we will long for the target of 19830 and 19930.
For selling we need a 15 Min candle close below 19615. T- 19540 and 19450 below 19530.
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.
Nifty expectation Oct 1st weekHello traders,
I see the Nifty has been in a consolidation. After a downfall it is consolidating and ended with a positive weekend (Friday)
To start the Nifty might be in a sideways then it may go upward to test the 1st level 19600, 19650, 19700 and so on.
There will be retesting after every 50 to 70 points breakout.
Always stay cautious in the second half session. It could be either way move period. However I'm bullish if it crosses 19750 with a valid retest back to 19650 or 19700 levels.
Always previous day low and high , previous day close are important to note. It all could act as resistance or support on intraday basis.
Thanks
NIFTY - Target Levels - TUE - 03.10.23Nifty Spot Price : 19638.3. - INDIA VIX SPOT Price : 10.68 % -
Nifty Daily Range : 19529 To - 19748 -
Watch Option Strike : 19600 CE
Draw & Watch The Target Points : 113--- 125--- 156--- 188--- 219--- 250---- 282---- 313 +++
Watch Option Strike : 19600 PE
Draw & Watch The Target Points : 84--- 93 --- 116---- 139--- 163--- 186---- 209---- 232 +++
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support in My Idea.
This Is My Trading Phychology Of market1tomorrow
Nifty Trading Plan for Oct First Week Nifty End of Day Analysis Helps Traders to Understand the Nifty sentiment and Identify Potential Trading Opportunities for the Next Trading Day in Nifty future or Nifty option
Nifty Support
Nifty Support 1 - 19600
Nifty Support 2 - 19490
Nifty Support 3 - 19460
Nifty Support 4 - 19365
Nifty Resistance
Nifty Resistance 1 - 19750
Nifty Resistance 2 - 19860
Nifty Resistance 3 - 19925
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 0.93 ( Bullish)
Max Pain As per Option Chain Analysis - 19600
Major Resistance as Per Nifty Open Interest Analysis - 19800
Major Support as Per Nifty Open Interest Analysis - 19500
Long Opportunity in Nifty Trading
On Expiry Nifty took Support on Major Support 19490
Next week First Buying opportunity will be above 19550 /19600 and Dont Buy Below 19550
Short opportunity in Nifty Trading
As we Know Nifty is in a short-term downtrend,
If nifty Sustain below 19700 /19600 then try to Short nifty or buy nifty Put option Contract keep a small stop loss
If you Like our Trading Plan Please Like and Share
29th Sep ’23 - Convincing Reversal and... - PostMortem on NiftyNifty Analysis
We are beginning a new weekly, monthly and quarterly (Q3 2023-24) series today. Yesterday’s close = 19523.
Recap from yesterday: “On the 1hr TF, Nifty is still looking weak. The next target should be 19446 followed by 19310 if are continuing the downward move. In case we reverse and move up, the first level to watch will be 19776. I wish to change my stance from neutral to bearish for tomorrow.”
My bearish view was thrown into the dustbin today by Nifty50. We opened gap up and then started rallying very strongly. We hit the high of 19726 by 14.30 and then had a sharp correction. We went up 174pts and then gave away 107pts in last 1hr.
To go bullish, the level marked was 19766 - but a closing near the 19700 values would have prompted me to change the stance to neutral. As per the chart the fall of 107pts still gives Nifty a bearish sentiment.
On the 1hr chart I just drew the sloping orange line - this is connecting yesterday’s and today’s top. Notice the blue encircled region - those are the hourly candles for yesterday - all RED. Till 14.00 I was wondering how could we even have such a strong reversal today - won't that negate the move made yesterday?
My stance still remains bearish with the first downside target of 19446. The moment we break 19776 on the upside - I wish to exit the short stance and go long.
Nifty Intraday levels and Setup 29/Sep/2023Good Morning Traders,
It was a hilarious day for nifty yesterday, after opening that has never went back for upside, well guy's after Sharp fall nifty has broken important support zone 19600 and went down even lower than that, at some point it was showing huge bearishness when it touches 19500 levels, but it has respected the levels and closed above. For today i am gonna to try buying in nifty for some upsie, as global market looking green today, So i have already given a range of buying. I wanna go with given stop loss in that. If Nifty give a close above 19600 in today's session then definitely we can expect this area (19500-19600) will again gonna to act like strong support zone in near term.
Important levels for today:-
Buy in the range of 19550-19500.
Keep stop loss at 19374
Go for targets 19602/19660+
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
#September29 direction and levels for #nifty"Good morning, friends! As of September 29th, the global market sentiment is neutral (based on the Dow Jones), while our market trend is bearish. It may open neutrally or with a slight gap up. If it subsequently breaks yesterday's low, we can expect a correction to continue with minor pullbacks. On the other hand, if the gap-up sustains, we can expect a ranging market. However, if the gap-up structure is solid, it may experience a rally, or if it sharply rejects the 38% resistance level, we can anticipate a correction."
NIFTY Intraday Trade Setup For 29 Sep 2023NIFTY Intraday Trade Setup For 29 Sep 2023
Sell_1- From 19660
Invalid-Above 19710
T- 19575 19500
Sell_2-Below 19490
Invalid-Above 19540
T- 19395 19300
NIFTY has closed on a complete bearish note with 0.98 % cut. Sell triggered as per trade setup below 19660 and what a day it was. It gave a non-stop move till 19493, giving us more than 160 points gain. Tomorrow once again bearish sentiment likely to continue below today's low. In case of a gap up 19660 zone will be a good place to short. Bullish view only incase 10 o'clock range suggests. Today's high is very important in hourly TF. No bullish/reversal view till this is safe.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 19490 then we will long for the target of 19395 and 19300.
In case of a gap up, we will short from 19660 zone. T- 19575 and 19500.
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.