#nifty"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market experiences a sharp pullback, it will transition into a range market, leading to a continuation of the rally."
Niftyintradaylevels
NIFTY - Target - Levels - 20.09.2023.Nifty Spot : 20133.35. Option Strike : 20150 CE & 20150 PE
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..
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, StopLoss, & Targets,
4. 4 Types Of Fibinacci Retracement Levels (High To Low, Low To High, Long & Short),
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….
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
NIFTY Intraday Trade Setup For 20 Sep 2023NIFTY Intraday Trade Setup For 20 Sep 2023
Bullish-Above 20170
Invalid-Below 20120
T- 20240 20315
Bearish-Below 20110
Invalid-Above 20160
T-20015 19910
NIFTY has closed with 0.29% cut today. It was moreover sideways and zoned. Nothing triggered as per trade setup today, post 3PM at the time closing sell was triggered which is void. Tomorrow on flat opening below 20110 if sustained properly then we will test 20015 zone in intraday. For any bullish move it has to sustain itself above the plotted trendline, level was above 20170. 20k zone can be a good psychological support.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 20170. T- 20240 and 20315.
For selling we need a 15 Min candle close below 20110. T- 20015 and 19910.
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 Trade Setup for 18-09-2023Nifty important levels to watch are as follows
#Support: 20165
Sell below: 20165 only on 15 minute candle closure below the level.
Target 1: 20110
Target 2: 20050
#Resistance: 20225
Buy Above: 20225 only on 15 minute candle closure Above the level.
Target 1: 20260
Target 2: 20310
#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.
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#NIFTY Intraday Support and Resistance Levels - 18/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 20200 level and then possible upside rally up to 20320 in today's session. in case nifty trades below 20160 level then the downside target can go up to the 20040 level.
#nifty"Good morning! As of September 18th, global market sentiment is slightly turning negative, primarily based on the performance of the Dow Jones. The market trend is moderately bullish; it may open with a slightly negative gap. After that, if it takes support around the immediate support zone, then we can expect the range market to continue rallying. However, if it breaks the immediate support level, the correction is likely to continue."
Nifty Spot Actionable Idea - September 18, 2023Overview:
Welcome to this Nifty Spot actionable idea for September 17, 2023. In this analysis, we will explore the current price, key resistance, and support levels, along with potential upside and downside targets. Please note that this analysis is for educational purposes only and should not be considered financial advice. Always do your research and consult with a financial advisor before making any trading decisions.
Current Price (CMP):
As of the specified date, the Nifty Spot is trading at 20169
Resistance:
The immediate resistance level for the Nifty Spot is identified at 20198
Support:
On the downside, there is solid support at 20142
Upside Targets:
In the event of a breakout above the resistance level of 20198, we can set our sights on two potential upside targets: 20222 and 20279
Downside Targets:
Conversely, if the support level at 20142 is breached, we should be prepared for two downside targets: 20114 and 20086
Execution Strategy:
It's crucial to exercise caution and execute trades only when there is a clear breakout and close above or below the resistance or support levels, as indicated on a 15-minute candlestick chart. This approach helps confirm the strength of the market move and reduces the risk of false breakouts.
Stop Loss Strategy:
To manage risk effectively, it's advisable to place stop-loss orders above or below the respective resistance or support levels on a 15-minute candlestick chart. This way, you can limit potential losses in case the market moves against your trade.
Disclaimer:
Please remember that this trading idea is provided solely for educational purposes and is not intended as financial advice. Trading carries risks, and it's important to conduct your own research and consult with a financial advisor before making any trading decisions. Always trade responsibly and consider your risk tolerance.
NIFTY Intraday Trade Setup For 18 Sep 2023NIFTY Intraday Trade Setup For 18 Sep 2023
Bullish-Above 20225
Invalid-Below 20175
T- 20315 20405
Bearish-Below 20125
Invalid-Above 20175
T- 20030 19910
NIFTY has closed on a bullish note last week with 1.88% gain. Our swing long position is still on with TSL. On 4 Sep EOD we planned a bullish view when closed above 19500 in daily TF. Our Confirmation level was 19600, as of now it has given around 600 points gain which is slight more than 1:1.5. Also we opted PDL as our TSL. If a daily candle closes below PDL and then next day below that red candle's low we will exit our longs. On Monday if we open gap down then 20030 can be a good support.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 20225 then we will long for the target of 20315 and 20405.
For selling we need a 15 Min candle close below 20125. T- 20030 and 19910.
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.
15 Sep ’23 Post Mortem on Nifty - Crazy last 30mts in HDFC & RILNifty Analysis
Recap from yesterday: I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167.
We had a good positive day today, the start itself was right at the swing high of yesterday and we built up the momentum from there. The euphoria, FOMO continues and people continue to pour money. Nifty Energy, FMCG, Metals did not close in the green today. ONGC had a super start but gave up all the gains soon. The real question now is - Does Nifty have more firepower to continue the rally?
Two instances of pull back stands out today, first at 12.05 to 12.30 period and then 15.05 to close. The 2nd one looked more dangerous than a casual profit booking. I was watching the price fluctuation in RELIANCE and HDFCBK - the volumes and swings were pretty unusual.
Both of them fell from the high of the day, RELIANCE even hit the low of the day in this period. Brutal swings accompanied by huge volumes - most likely a news flow driven price action.
On the 1hr TF Nifty has gone almost vertical for the last 900pts. Ideally it would be good if it consolidates at these levels. If the consolidation doesn't happen - there is a high risk of fall. For Monday I wish to maintain the same 50% neutral 50% bullish stance. And wish to go short if 20100 level is getting taken out.
#NIFTY Intraday Support and Resistance Levels - 15/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 20130 level and then possible upside rally up to 20250 in today's session. in case nifty trades below 20080 level then the downside target can go up to the 19960 level.
Expiry Special Analysis NIfty |Hero Zero trade will be by 1:15pmGood Morning Traders,
After a day of consolidation, market has gained momentum with the closing above psychological milestone (20000), first time in September. Rally was specially in banking stocks. I think this bullishness can take nifty towards 20200-20450 levels in coming days, if nifty holds 19900-19800 levels. Global market still showing mix momentum, American market has given good closing in yesterday session. Gift Nifty also indicating minor gap up in Nifty around 33 points.
Important levels for NIfty:-
Support zone for intraday 19950
Resistance zone 20110-50
Buy above 20090, if levels sustains at least for 15 mints.
Targets we can see in upside 20143/20191+
Keep stop loss at 20040
Sale below 20040, if levels sustains at least for 15 mints.
Target we can see in downside 19949
Keep stop loss at 20090
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and 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"Good morning! As of September 15th, there is no significant difference compared to the last session. Global market sentiment remains neutral, primarily based on the performance of the Dow Jones. The market trend is moderately bullish, with a possibility that it may open with a neutral to slightly bullish gap. If the market subsequently breaks the previous high, we can anticipate a rally continuation with minor consolidation. On the other hand, if the gap-up doesn't sustain, we can expect the market to enter a correction phase."
14 Sep ’23 Post Mortem on Nifty + Weekly Expiry AnalysisNifty Weekly Analysis
Between the last expiry and today Nifty is up an impressive 378pts ~ 1.92%. We really did pick up some directional momentum this week. Almost all the sectors were assisting Nifty hit an all time high in this historic week and conquer 20000.
Nifty Daily Analysis
Recap from yesterday: “I expect the expiry to be above 19989 if we still have the bullish sentiment. I wish to stay 50% neutral and 50% bullish for tomorrow and would like to go 100% bullish once the swing high of 20110 is taken out.” Since we hit a new ATH by 09.40 today and because it was above my bullish level of 20110 I had to go long today. I rolled up my PUT positions from 19900 to 20000 for protection.
I am quite relieved that the 20000 PE expired out of the money otherwise my bullish bias would have been proven wrong. Meanwhile the CE long option was rolled over for the next week’s expiry.
The bullish momentum lasted only till 09.45 after which we were falling quite strongly. All the 5mts candles from 09.50 to 10.15 were in red. The 20000 PE option I had taken did appreciate more than 175% but I somehow decided not to exercise.
We closed at just 0.16% gains, so quite relieved that yesterday's analysis played out okay. Regarding the option prices - the OTM premiums were not attractive for an expiry day options seller. This is the 2nd expiry we had after decoupling banknifty from nifty.
With the current VIX scenario - the only route to make money for OTM option sellers is to shuffle the positions between banknifty or nifty or finnifty depending on the abrupt jumps in premiums due to lack of liquidity. I will try to write out an article by this weekend explaining the concept with examples.
On the 1hr TF Nifty has made a healthy upward pattern and as discussed over the last 2 sessions - a consolidation at the current levels will give it some stability. Parallelly since we took the ATH - a part of it would want to break free as that is the path of least resistance. If you are a bear - the only way you could fight back in is to close Nifty below 19989 or get a quick swing below 19960.
I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167.
Nifty daily analysis for 15/09/23.Nifty consolidated on the weekly expiry after a movement in the opening hours. A doji candle has been formed on the ATH and after a nice upmove there will be a retracement or side ways market.
It has closed around 20100 levels and there were no opportunities in the second half of the trading session.
On the hourly charts, nifty tried to test the 20 ema but reversed before testing it. It traded in a range on 60-70 poinnts in the second half.
The markets are losing strenght as there is a RSI divergence on the daily charts and even on the hourly charts there is a bearish divergence.
Watch for a market and it would be wise to carry less quantities in bullish trades.
On 15 minute time frame, after the initial profit booking market traded around the 20 ema and expired near the previous day close.
Support :- 20060, 20020, 19950
Resistance :- 20110, 20200
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 15 Sep 2023NIFTY Intraday Trade Setup For 15 Sep 2023
Bullish-Above 20120
Invalid-Below 20070
T- 20200 20287
Bearish-Below 20040
Invalid-Above 20090
T- 19970 19900
NIFTY has closed on a with a slight of 0.16% gain today. It was a complete sellers expiry after 10 O'clock as it went in a range of 20100 and 20050 for the rest of the day. It opened with a slight gap up and buy triggered as per trade setup above 20115 which hit 50 points sl. BTW there was a slight gap up opening and 10 o'clock range broke downside below 20107 and gave around 50 points. Tomorrow's best trade will be on flat opening. Long trade from 19600 is intact a with TSL as PDL (CB).
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 20120 then we will long for the target of 20200 and 20287-305.
For selling we need a 15 min candle close below 20040. T- 19970 and 19900.
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"Good morning! As of September 14th, there is no significant difference between the last session. Global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. Structurally, we are in a ranging market, so we could wait for a breakout from this range. If the range breaks, we will set our target at the next resistance level. Otherwise, the range will likely continue."
#NIFTY Intraday Support and Resistance Levels - 14/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 20100 level and then possible upside rally up to 20220 in today's session. in case nifty trades below 20050 level then the downside target can go up to the 19930 level.