NIFTY Intraday Trade Setup For 27 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 27 Oct 2023
Buy-Above 18905
Invalid-Below 18855
T- 19050
Bearish-Below 18830
Invalid-Above 18880
T- 18730 18595
NIFTY has closed once again closed on a complete bearish note with 1.39% cut today. Our weekend planning was simple where we found that 19500 was a major level for a downside trigger. Another day where gains added in our swing sell position. Now it has came near our 1st target zone- 18800. We will book here if we get a bullish price action. Also tomorrow be very strict in trailing after sell is triggered, trail sl to day high near 18840 after sell triggers. If it sustains above 18905 then very easily it can retest 19000 as how it fell it will recover.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18905 then we will long for the target of 19050, ride with trailing.
For selling we need a 15 Min candle close below 18830. T- 18730 and 18595.
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 Intraday Trade Setup | 26th OctGift Nifty indicating a negative opening. For today 19050 is very important levels and if Nifty breaks 19050 we may see more downside towards 19000 and below. On the other side, Nifty has to sustain above 19180 to gain some strength.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19180
Sell Below - 19050
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NIFTY Intraday Trade Setup For 26 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 26 Oct 2023
Bullish- Above 19180
Invalid- Below 19130
T- 19300 19432
Bearish-Below 19070
Invalid- Above 19120
T- 18945 18810
NIFTY has closed on a complete bearish once again. Our short move towards 18960 is at a striking distance. In the weekend we already planned that below 19500 we will get a trendy downside move. It has just slipped in butter after that. Index has given more than 400 points fall in just 2 sessions. 18950 is going to a be a strong support zone for tomorrow's session. 19180 and 19070 are important levels for tomorrow's session.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19180 then we will long for the target of 19300 and 19432.
For selling we need a 15 Min candle close below 19070. T- 18945 ad 18810.
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.
Nifty50 monthly expiry trading levels (26/10/23).Nifty has continued the fall closing 160 points lower and breaking the major support level of 19250.
It has formed another red candle which shows the sellers participation.
On the hourly charts, the market consolidated in the initail hour following a 150 point fall instantly below the support levels.
Now the market trend is good for a bearish traders and option buyer. There are chance of market being in a short term bear trend.
Sell on rise market is there. Option buyers are now going to go green as there will be 50-70 points move in the market for few day.
Support :- 19000, 18880
Resistance :- 19250, 19330
Break down of the major support level gave good movement and almost hit our targets.
Wait for the price action near the levels before entering the market.
Nifty Intraday Trade Setup | 25th OctGift Nifty indicating minor gap-up to flat opening. For today 19200 is very important levels and if Nifty breaks 19200 we may see fresh weakness. On the other side, Nifty has to sustain above 19340 to gain some strength.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19340
Sell Below - 19200
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Nifty Intraday Trade Setup | 23rd OctGift Nifty indicating minor gap-down opening, and we expect to see more weakness if Nifty sustains below 19500 towards 19460 and lower levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19580
Sell Below - 19500
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NIFTY Intraday Trade Setup For 25 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 25 Oct 2023
Sell_1- From 19450
Invalid-Above 19500
T- 19350 19260
Sell_2-Below 19250
Invalid-Above 19300
T- 19109 18960
NIFTY has closed on a complete bearish note with 1.34% cut on Monday. In the weekend we discussed that 19500 is the only hurdle for a trendy downside move. On Monday 19500 was broken and we saw a super trendy move till 19260, around 240 points in a single go. Also in the weekend it was discussed that it is likely to test 18970 zone which is intact. There is a fair possibility that we will open gap up tomorrow, so incase 19450 is tested then we will plan a short from there.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes below 19250 then we will short for the target of 19109 and 18961.
Incase 19450 is tested in the gap opening sentiment then we will short from there. T- 19350 and 19260.
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 Intraday Trade Setup For 23 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 23 Oct 2023
Bullish-Above 19570
Invalid-Below 19520
T-19681 19812
Bearish-Below 19510
Invalid-Above 19560
T- 19418 19330
NIFTY has closed on a bearish note last with 1%cut last week. It has once again came to 19500 zone after a bounce last week. 19500 is very important for a trendy downside move. But it will be best if the breakout happens with flat opening. This has to be observed in hourly and daily TF. On successful breakout it will head towards 18970. 19510 and 19570 are important levels for tomorrow's session. Last hourly swing high is 19685 so above which there is a chance of bullish reversal. 19300-30 is a string intraday support
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19570 then we will long for the target of 19680 and 19812.
For selling we need a 15 Min candle close below 19510. T- 19418 and 19330.
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 weekly analysis for 23/10/23Nifty has been taking support around the round figure number of 19500 and has formed a kind of tweezer top on the weekly charts.
The market has been volatile and still confused in deciding the trend.
It has closed below the 20 ema on the daily charts. There is an inside candle or a halt candle after a gap down opening.
Market has been consolidating in a range from 21 september and the month of october has entered the last week of the month.
High chance of a break out or break down are there. It can give nice targets with a small Stop loss in a trade.
On the hourly chart, there is a bearish moving averages cross over and it remained in the first hour candle after a gap down opening.
Still the markets are hitting the stop losses and are not profitable for an intraday option buyers.
Sideway cycle of the market will be changed once it starts trading outside the major levels of 19500 to 19850. Once this range is cleared on the either side there will be a trending market.
On the smaller time frame, market hasn't moved much while taking resistnace from the 20 ema and closed below both the moving averages (15 minute chart).
Support :- 19480-500, 19350
Resistance :- 19580, 19680
Market has been consolidating after a gap up or gap down opening and there will be a movement once it opens flat.
Wait for the price action near the levels before entering the market.
Nifty Intraday Prediction Levels for 20 Oct 2023Nifty Intraday Prediction Levels for 20 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19662,19700,19750,19795,19842,19890,19940,..…
Major Supports-19570,19535,19500,19458,19425,19390,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
NIFTY Intraday Trade Setup For 20 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 20 Oct 2023
Bullish-Above 19685
Invalid-Below 19635
T- 19813 19910
Bearish-Below 19550
Invalid-Above 19600
T- 19435 19330
NIFTY has closed with small cut of 0.24% today. It opened with a big gap down today and as per trade setup 10 o'clock range was to be used. Range broke upside above 19595 and filled the gap . Last swing low was 19555, so around 40 points risk. But the main problem was the breakout candle which was too big when closed which did not fit in RR. Tomorrow 19685 is very important for bulls to take charge to influence the weekly closing. Below 19550 bears will once again start their wild action.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19685 then we will long for the target of 19813 and 19910 above 19825.
For selling we need a 15 Min candle close below 19550. T- 19435 and 19330.
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 Expiry Special Analysis || Guy's Markets on Support ZoneGood Morning Traders,
Nifty and other indian Indices has done blood bath in yesterday session. American market has also done same. Now Gift Nifty suggesting a Gap down opening in market. Option data suggested that the 10600-19500 may act as a key support area for the nifty. while the 10800-19900 will remain crucial hurdle on the higher side. Well if i tell you chart analysis, then nifty have formed a long bearish candlestick pattern on the daily timeframe.
Well market is on support zone, if market shows any positivity and form any kind of bullish pattern then definitely you should take a chance for upside.
Important Levels for Nifty:-
Intraday Support Zone 19500
Strong Support zone 19300-19350
Intraday Resistance Zone 19700
Strong Resistance zone 19850-19900
Buy above 19725, if levels sustains at least for 15 mints.
Targets we can see in upside 19790/19847
Keep stop loss at 19650
Sale below 19578, if levels sustains at least for 1t mints.
Targets we can see in downside 18497/19426
Keep stop loss at 19650
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.
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NIFTY Intraday Trade Setup For 19 Oct 2023NIFTY Intraday Trade Setup For 19 Oct 2023
Bullish-Above 19730
Invalid-Below 19680
T- 19830 19940
Bearish-Below 19650
Invalid-Above 19700
T- 19555 19435
NIFTY has closed on a complete bearish note with 0.71% cut today. It opened flat and sell triggered below 19770 as per trade setup. Trade hit our 1st target very smoothly and gave more than 100 points gain till 19660. Tomorrow if index opens flat or with a very slight cut then it will be another big red candle just below today's low. In case it opens with a gap up then probability of a trendy move downside is less. Best opening trade will be in short side below 19659 on a flat opening.
Coming to Thursday'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 19940 above 19850.
For selling we need a 15 Min candle close below 19650. T- 19555 and 19435.
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 Intraday Prediction Levels for 18 Oct 2023Nifty Intraday Prediction Levels for 18 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19845,19865,19900,19940,19960,19885,20050,20075,..…
Major Supports-19785,19760,19730,19690,19640,19600,19580,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Nifty weekly analysis for 19/10/23.Today there was a nice fall in the indian markets and nifty has given closed 140 points lower forming a nice bearish candle.
It has closed below the 20 ema which is round 19700 level. There are chance of nifty holding the market as there was less fall in the index as compare to banknifty.
On the hourly charts, it has closed below both the moving averages and there are high chances of market following the fall.
There is also a bearish moving averages cross over, on smaller time frame, which also show there can be a fall in coming days.
RSI indicator is showing some bearish divergence on the higher intraday time frame.
Watch for option premiums as tomorrow is the weekly expiry. Only one more week will be left in the october month.
Support :- 19580, 19480-500
Resistance :- 19720, 19780
Market were in the consolidation phase and after few days it has given a nice trending move. If the global sentiment also align with today's move, there are high chance of market testing 18900 levels soon.
Wait for the price action near the levels before entering the market.
Nifty Intraday Trade Setup | 18th OctGift Nifty indicating a flat to minor gap-down opening, and we expect to see weakness if Nifty sustains below 19770. Nifty is facing resistance again n again in 19800 - 19840 zone. Let it sustain above 19850 to buy.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19850
Sell Below - 19770
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
NIFTY Intraday Trade Setup For 18 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 18 Oct 2023
Bullish-Above 19850
Invalid-Below 19800
T- 19945 20030
Bearish-Below 19770
Invalid-Above 19820
T- 19680 19595
NIFTY has closed with 0.40% gain today, all contributed by gap up. Yesterday it was discussed that probability to sideways in the coming days is high so has happened today. It opened with a big gap up and turned sideways , for 4 hours it traded between less than 40 points range. Later 10 o'clock range broke downside below 19809 and gave 30 points move with 20 points sl. Tomorrow it can give a very good up move above today's high 19850 and this is the high probability trade.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19850 then we will long for the target of 19950 and 20030.
For selling we need a 15 min candle close below 19770. T- 19680 and 19595.
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 Intraday Prediction Levels for 17 Oct 2023Nifty Intraday Prediction Levels for 17 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19785,19825,19845,19890,18935, …
Major Supports-19690,19650,19600,19580,19545,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Nifty daily analysis for 18/10/23.Nifty is still unable to trade above the resistance levels of 19850. After a gap up opening the market came for selling and consolidated around the level.
There was a sell off in the second half, taking support around the support level as well as the 20 ema on the hourly charts.
Market gave a nice move but there was no follow through in the markets. The markets are holding on the higher levels which signifies there will be a break out trade in the coming days.
Of the major trend the market has crossed and sustain above the 50% fibonacci level but it is unable to test 61.8% levels.
On the 15 minute charts, the market tried to sustain the higher levels and in the second half it started trading below the 20 ema.
Support :- 19780, 19730
Resistance :- 19840, 19900
Wait for the price action near the levels before entering the market.
Nifty Intraday Trade Setup | 17th OctGift Nifty indicating a gap-up opening, and we expect to see more strength if Nifty sustains above 19805 towards 19850 and upper levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19805
Sell Below - 19690
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty Intraday Prediction Levels for 16 Oct 2023Nifty Intraday Prediction Levels for 16 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19795,19840,19890,19950,…
Major Supports-19690,19640,19600,19580,19540,19480,19450,19425,19390,19360,19340,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
NIFTY Intraday Trade Setup For 17 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 17 Oct 2023
Bullish-Above 19810
Invalid-Below 19760
T- 19915 20030
Bearish-Below 19690
Invalid-Above 19740
T- 19605 19515
NIFTY has closed almost on a flat note with a minor cut of 0.1% today. It opened flat and triggered sell which hit sl. Momentum was sideways throught the day. It has formed an inside candle in daily TF at a random place so its a sign of sideways. It looks that sideways momentum is likely to continue for few sessions. Tomorrow 19810 and 19690 are key levels to look for breakout. Be very strict with trailing in this sideways market.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19810 then we will long for the target of 19915 and 20030.
For selling we need a 15 min candle close below 19690. T- 19605 and 19515.
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 17/10/23.Nifty on the daily charts has formed an inside candle and closed flat forming a doji candle.
It consolidated in a narrow range of 60 points after the first hour candle. There were no movement in the index.
On the hourly charts, nifty traded around the 20 ema and closed between both the moving averages.
Markets are not giving any option buying opportunity in the market. It is consolidating and moving in a sideways trend after gap up or gap down opening.
The closing range of the market is getting smaller and a trending move can be seen in the coming days.
Support :- 19720, 19670
Resistance :- 19780, 19840
Nifty has not given a significant move in recent which is a good thing for a powerful break out or break down.
Wait for the price action near the levels before entering the market.