NIFTY Intraday Trade Setup For 07 Nov 2023NIFTY Intraday Trade Setup For 07 Nov 2023
Buy-Above 19430
Invalid-Below 19380
T- 19530 19645
Bearish-Below 19300
Invalid-Above 19350
T- 19210 19115
NIFTY has once again closed on a bullish note with almost 1% gain today. While 70% of the gain is contributed via gap up. It has been explained in the weekend that in case of gap up/down opening probability of a sideways intraday market is quite high, so was till 2 PM today. Tomorrow once again the best trade scenario will be on flat opening or else it will be momentum less. 19430 and 19300 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19430 then we will long for the target of 19530 and 19645.
For selling we need a 15 Min candle close below 19300. T- 19210 and 19115.
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.
Niftyintradaylevels
NIFTY Intraday Trade Setup For 06 Nov 2023NIFTY Intraday Trade Setup For 06 Nov 2023
Bullish-Above 19280
Invalid-Below 19230
T- 19370 19460
Bearish-Below 19210
Invalid-Above 19260
T- 19079 18945
NIFTY has closed on a slight bullish note last week with 0.96% gain. Last week we discussed that we a halt candle formation is high so has almost happened. Now 18800 is very important level for the next round of selling which can initiate a move towards 18000.Current positioning of the market is at CIP resistance zone- 19300. So its a confluence zone where both side possibility opens up based on the future market structure so 1-2 sessions needed to watch out for directional move which will be updated in the daily analysis here itself.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19280 then we will long for the target of 19370 and 19460.
For selling we need a 15 Min candle close below 19210. T- 19079.
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 for 06/11/23.Nifty after a selling has recovered upto 50% fib levels. The market has formed a baby mother candle on the weekly charts and it still trading below the 20 ema.
Markets are not doing much during the trading hour as there is a gap up and consolidation during the trading session.
On the hourly charts the market has been trading in a range of not more than 60 points.
Support :- 19150, 19070
Resistance :- 19270, 19400
Much of the movement is not there in the market. Watch and confirm the setup as there is no follow through for last 3 trading sessions.
Wait for the price action near the levels before trading the market.
Nifty Intraday Trade Setup | 6th NovGift Nifty indicating a gap-up opening for Monday. For Nifty, 19270 is very important level and if Nifty sustains above 19270 we may see more upside towards 19330 and above. On the other side, Nifty has to sustain below 19200 for fresh selling.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19270
Sell Below - 19200
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty Intraday Prediction Levels for 3 Nov 2023Nifty Intraday Prediction Levels for 3 Nov 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- 19200,19260,19300,19365,19400,19440,19490,….
Major Supports-19060,19010,18960,18910,18565,18815,18770,18720,…
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 03 Nov 2023 NIFTY Intraday Trade Setup For 03 Nov 2023
Bullish-Above 19180
Invalid-Below 19130
T- 19286 19405
Bearish-Below 19060
Invalid-Above 19110
T- 18973 18890
NIFTY has closed on a bullish note with 0.76% after 2 back to back red days. This EOD gain is totally contributed by the gap up opening. 10 o'clock range broke downside below 19106 and made a low of 19065, previous swing high was 19130. On 31 Oct EOD we already discussed that 19235-50 is very important hourly swing high for a bullish reversal. While we already discussed that probability of a halt candle this week is also high. Tomorrow above 19180 we can see good continuation of today's sentiment and below 19060 a bearish move.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19180 then we will long for the target of 19286 and 19405.
For selling we need a 15 Min candle close below 19060. T- 18973 and 18890.
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 Prediction Levels for 2 Nov 2023Nifty Intraday Prediction Levels for 2 Nov 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- 19020,19045,19065,19080,19110,19155,19210,19250,19300,19350,19400,…
Major Supports-18950,18910,18860,18815,18770,18720,18675,18620,…
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 02 Nov 2023NIFTY Intraday Trade Setup For 02 Nov 2023
Bullish-Above 19070
Invalid-Below 19020
T- 19173 19280
Bearish-Below 18970
Invalid-Above 19020
T- 18890 18798
NIFTY has closed once again on a bearish note with 0.47% cut today. Sell triggered as per trade setup below 19050 and gave around 70 points however our target was yet to be achieved. Tomorrow once again bearish move will continue below 18790 and it will move towards 18798. For a bullish move it has to sustain above 19070 post pullback. Also yesterday I explained that probability of a halt candle is high this week.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19070 then we will long. T- 19173 and 19280.
For selling we need a 15 Min candle close below 18970. T- 18890 and 18798.
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 1 Nov 2023Nifty Intraday Prediction Levels for 1 Nov 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- 19140,19160,19180,19210,19235,19270,19310,19340,19370,19420,19465,…
Major Supports-19060,19035,19000,18960,18915,18860,18825,18800,…
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 01 Nov 2023NIFTY Intraday Trade Setup For 01 Nov 2023
Bullish- Above 19150
Invalid-Below 19100
T- 19260 19360
Bearish-Below 19050
Invalid-Above 19150
T- 18920 19815
NIFTY has closed on a slight bearish note with 0.32% cut today. It was a 0.382 rejection of the parabolic fall from 19850. Now 19250 will be an important swing in hourly TF for a bullish reversal structure. Probability of a halt candle this week is high where idle range seems to be 19350 and 18850. 19150 and 19050 are important levels for tomorrow's session. 19280 and 18920 are important resistance and support respectively.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19150 then we will long for the target of 19259 and 19360.
For selling we need a 15 Min candle close below 19050. T- 18920 and 18815.
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 trading levels for 31/10/23.Nifty levels
Support :- 19070, 19900
Resistance :- 19250, 19400
Market move in a lower low lower high formation in the bearish trend.
First leg was formed after creating a ATH and after that it consolidated and now it has formed lower low. This leg is for a retest and another bearish move can be seen.
Keep in mind the festive buying will also be there.
Look for a perfect setup as there will be nice move as the consolidation was in the good range.
Nifty weekly analysis for 30/10/23.Nifty has given a green candle after a fall of more than 3% in the week.
It is given a retracement after the fall and the fall may continue as global sentiment are also showing negativity.
Moving averages are also showing bearishness as nifty has closed below Weekly 20 ema but took support from daily 200 ema. If the daily level is broken, selling may continue.
The market has recover 1% in the last trading session and closed above 19k levels.
In the hourly charts, there was a resistance from 20 ema and entire day it couldn't close above the level.
Support :- 18870, 18720, 18650
Resistance :- 19080, 19250, 19420
The markets are unpredictable, there are chances of showing some retracement continuation and testing 19250 levels or open gap down and giving another selling leg.
Wait for the setup and price levels. Option buyer can take a overnight bearish trade if there is a selling tomorrow.
Nifty Intraday Trade Setup | 27th OctGift Nifty indicating a gap-up opening. For today 18900 is very important levels and if Nifty sustains above 18900 we may see more upside towards 19000 and above. On the other side, Nifty has to sustain below 18800 for fresh selling.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 18900
Sell Below - 18800
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty Intraday Prediction Levels for 26 Oct 2023Nifty Intraday Prediction Levels for 26 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- 19170,19210,19270,19300,19345,19375,19400,19440,19490,…
Major Supports-19060,19010,18960,18915,18860,18812,18755,18700,…
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 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.
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
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
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
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
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
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
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.