NIFTY Intraday Trade Setup For 10 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 10 Oct 2023
Bullish-Above 19590
Invalid-Below 19540
T- 19693 19800
Bearish-Below 19480
Invalid-Above 19530
T-19368 19270
NIFTY has closed on a bearish note with 0.72% cut , it was contributed by the Mid East issue. In the weekend itself we expected a down move as per 0.382 in hourly TF 0.85% effect in 15 Min TF. 19500 was projected as a strong support. Today 19500 was respected and it bounced till 19588 vigorously. Later it just consolidated between 10 o'clock range and it was untouched. Tomorrow we will be neutral and take action on 19590 and 19480 breakout.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19590 then we will long for the target of 19693 and 19800.
For selling we need a 15 min candle close below 19480. T- 19368 and 19270.
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 Prediction Levels for 9 Oct 2023Nifty Intraday Prediction Levels for 9 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 Resistance- 19693,19745,19790,…
Major Support- 19618,19583,19548,19500,19485,19452,19390,…
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 09 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 09 Oct 2023
Bullish-Above 19680
Invalid-Below 19630
T- 19800 19901
Bearish-Below 19600
Invalid-Above 19650
T- 19500 19420
NIFTY has closed on a an absolute flat note this week, just like previous one. It has formed a pinbar candle in weekly TF indicating a bullish momentum. For me this will be confirmed when we get a Bullish price structure in daily TF which will be updated here. Now if you observe since 22 Sep high it is following one pattern which is 0.85% retracement and then a fall.
On Friday it has tested the same level so as per current behaviour we can expect a drop with a confluence of volume profile, initially 50% will be an ideal pullback from bottom. Incase if we break 19680 then this behaviour/pattern will be void. 19800 and 19500 are going to be intraday resistance and support for the next session.
Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19680 then we will long for the target of 19800 and 19900 zone.
For selling we need a 15 min candle close below 19600. T- 19500 and 19420.
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 09 Oct 2023 || Weekly OutlookNIFTY Intraday Trade Setup For 09 Oct 2023
Bullish-Above 19680
Invalid-Below 19630
T- 19800 19901
Bearish-Below 19600
Invalid-Above 19650
T- 19500 19420
NIFTY has closed on a an absolute flat note this week, just like previous one. It has formed a pinbar candle in weekly TF indicating a bullish momentum. For me this will be confirmed when we get a Bullish price structure in daily TF which will be updated here. Now if you observe since 22 Sep high it is following one pattern which is 0.85% retracement and then a fall.
On Friday it has tested the same level so as per current behaviour we can expect a drop with a confluence of volume profile, initially 50% will be an ideal pullback from bottom. Incase if we break 19680 then this behaviour/pattern will be void. 19800 and 19500 are going to be intraday resistance and support for the next session.
Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19680 then we will long for the target of 19800 and 19900 zone.
For selling we need a 15 min candle close below 19600. T- 19500 and 19420.
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 | 6th OctToday RBI Policy at 10:00 am, high volatility can be seen. Nifty looks stronger once sustain above 19580 for the upper targets marked on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19580
Sell Below - 19490
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Happy Trading!
NIFTY Intraday Trade Setup For 06 Oct 2023 | Daily AnalysisNIFTY Intraday Trade Setup For 06 Oct 2023
Bullish-Above 19580
Invalid-Below 19530
T- 19685 19800
Bearish-Below 19515
Invalid-Above 19565
T- 19427 19335
NIFTY has closed on a positive note with 0.56% gain today although it is contributed by gap up. It opened with a big gap up and just went in range of 90 points for the whole day. As per trade setup 10 o'clock range was to be used and the range broke downside below 19508 which hit a sl of 25 points. Then range broke upside ended at cost. Tomorrow 19580 and 19515 are important levels to look for breakout in 15 Min TF. 19427 is going to be a gap support tomorrow.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19580 then we will long for the target of 19685 and 19800.
For selling we need a 15 Min candle close below 19515. T- 19427 and 19335.
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 6 Oct 2023Nifty Intraday Prediction Levels for 6 Oct 2023
The chart indicates 15 min time frame. These Levels are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Resistance- 19570
Support- 19523, 19500
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 06/10/23.The market are in a volatile mood and after an initial move it is holding on the levels creating less opportunities for option buyers.
This week's expiry remained volatile and on the daily charts, nifty is trading below the 20 ema. It has formed a doji candle after a gap up opening.
On the hourly charts, market has remained in a range and consolidated in a 100 points range. Though, the market has closed 110 points higher but there was no trading opportunity today.
Consolidation phase is still on for the markets and a trend move is still awaited. If nifty starts trading above 19750 or below 19250 there will be a trending market else market will remain volatile and killing the profits of option buyers.
On 15 minute charts, market traded between both the moving averages and closed taking the support of 20 ema.
Support :- 19500, 19350
Resistance :- 19560, 19730
Markets are giving gap up and gap down on the crucial levels and are not contining with a trend move. A follow through of any side is required in the market to form a mindset of the trend.
Wait for the price action near the levels before entering the market.
Nifty Intraday Prediction Levels for 5 Oct 2023Nifty Intraday Prediction Levels for 5 Oct 2023
The chart indicates 15 min time frame. These Levels are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Resistance- 19470
Support- 19417
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 | 5th OctSGX Indicating a gap-up opening and we expect to see more strength once Nifty sustains above 19480 for the upper levels marked on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19480
Sell Below - 19380
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Technical Analysis for Nifty 50 **Technical Analysis for Nifty 50 on 05/10/23**
**Market View:** Bearish
**Support Levels:** 19400/19300/19200
**Resistance Levels:** 19500/19600
**Analysis:**
* Nifty 50 is currently in a bearish trend.
* If the market breaks below 19400, further downside is possible, down to 19200.
* On the upside, resistance is seen at 19500/19600.
**Conclusion:**
Traders should be cautious about buying options in Nifty 50, as the market is in a bearish trend. If the market breaks below 19400, traders should look to sell short.
**Additional Notes:**
* It is important to note that technical analysis is not a perfect predictor of future market movements. Traders should always use risk management techniques when trading.
* It is also important to consider other factors, such as fundamental and macroeconomic data, when making trading decisions.
* Since Nifty 50 is expiring tomorrow, traders should be extra cautious and avoid holding any losing trades.
**Disclaimer:**
This is not financial advice. Please do your own research before making any trading decisions.
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.
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.