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Niftyintradaylevels

#nifty"Good morning! As of September 5th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-down. After that, if the market declines, it will reach a demand zone. Structurally, it's a major demand zone, so once the market reaches there, we can expect a pullback. Alternatively, if it breaks the demand zone, then the correction is likely to continue. On the other hand, if the initial market takes a sharp pullback, then we can expect a range-bound market. Only if it breaks the major supply zone will it turn into a bullish continuation."
NSE:NIFTY
by Manickamtraders
Bank Nifty analysis The current state of the market presents an interesting dynamic between the Nifty and Bank Nifty indices, as they grapple with significant resistance levels. Notably, Bank Nifty is showing relative underperformance compared to the Nifty50, raising concerns among investors. The pivotal point to watch is the crucial 45,000 level for Bank Nifty, as it holds considerable importance, especially with the Nifty50 possibly on the brink of a breakout. The future direction of the broader market is closely tied to the performance of Bank Nifty. Upon analyzing the charts of Bank Nifty, it becomes evident that the price is facing a strong resistance level represented by a downward trend line. Breaking through this resistance and maintaining a +1% increase over the next two trading sessions is expected to be a challenging endeavor. If the banking sector maintains its current position for another three to four sessions, it suggests the possibility of a month-long consolidation period within the Bank Nifty. Even in the event of a successful breakthrough at the resistance level, the projected price movement is anticipated to remain within a range of 500 points.
NSE:BANKNIFTY
by tradeGambler
FASP levels for Nifty 05/09/2023The FASP for Nifty is listed for 05-09-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
04 Sep ’23 Post Mortem on Nifty | almost breaking out, bullishSeeing the price action on Friday, we had changed the status from bearish to neutral. But by seeing the strength today, I wish to go full bullish for tomorrow. To start with we had a gap-up opening of 103pts ~ 0.53% and then a quick fall to yesterday’s close. Luckily Nifty took support right there and then started moving upwards. The upward move from 10.40 to close came with minimal pull back or retracement - showing a clear path for further bull run. The real thrust came from the NiftyIT index which had a flattish move till 10.45 and then a surge of 2.18% ~ 687pts from there till close. This is the reason why Nifty outperformed BankNifty today. On the 1hr TF, you can see the encircled regions, where we tried to break out from the bearish channel only to be pulled back to it later. Today’s price action has created an island-like formation and somehow avoided the fall. As it stands its a bullish break-away signal and if we dont make a down day tomorrow & wednesday then we can confirm further uplift due to the sentiment reversal. I wish to go with a full bullish stance tomorrow wherein 19584 has to be taken out in the first 2 hours and the final close should be above 19600. On the other hand, If we start falling back to the 19300 zone - the bears will come back super strong.
NSE:NIFTYLong
by viswaram
Nifty daily analysis for 055/09/23.A gravestone doji after a gap up opening is creating confusion in the market. Nifty after a gap up opening came for selling in the first hour and after that slowly went up and closed near the opening price. On the hourly time frame, there is a bullish moving averages cross over and today the market took support around 19450 levels. The market gave gap filling trade and after that continued to push higher very slowly. On 15 minute chart, market retested the 20 ema and began an up move after testing it. Support :- 19460, 19330 Resistance :- 19550, 19620 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Simple Trade Setup | NIFTY | 05-09-2023 [INTRADAY]NSE:NIFTY Trade Setup for 05-09-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:NIFTY
by Trading_hawk
NIFTY LEVEL 🤑O Description. 05 sep Nifty Actionable levels #Current Price- 19534 Good #Resistance- 19532 Strong #Support- 19440 #Target we can expect 19618 if a break of 19534 above ⬆️ Resistance level 🎚️ #Target we can expect 19440 and 19260 if a break of 19452 below ⬇️ Support level 🎚️ #Execution trade should be above or below from resistance or support levels 15-minute candle. Alerts ‼️🚨 this is Only for Education Purpose. Please Give your precious comments 🤞🏻 Thank you 🙏 AkashXtrade
NSE:NIFTY
by AkashXtrade
NIFTY Intraday Trade Setup For 5 Sep 2023NIFTY Intraday Trade Setup For 5 Sep 2023 Bullish-Above 19550 Invalid-Below 19500 T- 19645 19740 Bearish-Below 19490 Invalid-Above 19540 T- 19397 19305 NIFTY has closed on a bullish note with 0.48% gain today. It has regained 19500(CB) after 30 days which is a bullish indication. Tomorrow's closing above 19600 would confirm that. Today it opened with a big gap up and 10 o'clock range was to be used as per analysis. Range broke downside below 19464 and gave 30 points gain which was 1:1. Later buy triggered as per trade setup above 19460 and hit 1st target smoothly (19460-19545). Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 19550 then we will long for the target of 19645 and 19740. For selling we need a 15 min candle close below 19490. T- 19397 and 19305. 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.
NSE:NIFTY
by Omahto
2
Nifty Intraday TradeSetup for 04-09-2023 nifty important levels to watch are as follows #Support: 19385 Sell below: 19385 only on 15 minute candle closure below the level. Scalpers may short below 19420 on candle closing confirmation. Target 1: 19320 Target 2: 19250 #Resistance: 19460 Buy Above: 19460 only on 15 minute candle closure Above the level. Target 1: 19510 Target 2: 19580 #Demand Zone: 19250-19300 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 19435-19450 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #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.
NSE:NIFTY
by InvestyourAsset
nifty"Good morning! As of September 4th, the global market sentiment is neutral to slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-up. After that, if the market consolidates or breaks the immediate resistance, then we can expect a rally continuation. Alternatively, if it rejects there, then we can expect a correction, but that should break the Fibonacci level of 38%. I mentioned only the gap-up variation; however, if the market takes correction without breaking yesterday's high, then we could expect a correction ranging from 38% to 50% based on the structure. This is an indication of pullback continuation. Alternatively, if the correction breaks the Fibonacci level of 50%, then we can expect correction continuation with minor pullbacks."
NSE:NIFTY
by Manickamtraders
FASP levels for Nifty 04/09/2023The FASP for Nifty is listed for 04-09-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
Nifty weekly analysis for 04/09/23.Nifty has finally given a green candle after 5 red candle and has closed above 19400 levels. There was a nice bullish move in the last trading session after constantly testing 19250 levels. Market was in a bullish move and from the last month there was a retracement and the markets were indecisive where to go. A U-shape recovery is there, on hourly charts, but still nifty is around the resistance zone. Watch for the market as there is a G-20 meeting which will also show some fake movements in the indian markets. After constantly struggling to close above the 20 ema, now it has closed above the level and is looking some what good as there can be a trending market in the coming week. On 15 minute time frame, there is a bullish moving averages cross over and even on the higher time frame, market has closed above both the moving averages.' Support :- 19330, 19250 Resistance ;- 19460, 19565, 19620 Nifty has closed around the resistance area and there are chance of a pullback before another bullish leg. Watch the market to cross 19550 levels which will confirm the short term trend and bullish trades can be carried on for this session. It has reversed from levels between 50-61.8% fibonacci levels that is the golden zone. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 04 Sep 2023NIFTY Intraday Trade Setup For 04 Sep 2023 Bullish-Above 19460 Invalid-Below 19410 T- 19550 19645 Buy_2- From 19310 Invalid-Below 19260 T- 19390 19460 NIFTY has closed on a slight bullish note last week with 0.88% gain. We have already planned sell from 19560 with last swing high- 19800 as invalidation for the target of 19750 zone. Our continuation level is 19220 which was valid for last weeks too. Now we will close the short @ cost if tested. And later sell will be planned below 19220. Index will remain sideways till 20k is taken out in daily TF. And buy from support and sell from resistance should be the outlook in between especially for intraday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19460 then we will long for the target of 19550 and 19645. In case it opens lower than 19458 and 19310 is tested then we will buy from there. T- 19390 and 19460. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
01 Sep ’23 Post Mortem on Nifty -A dramatic reversal of stance🐂Nifty Analysis If you had witnessed the price action, then today’s performance was the total opposite. This is what I said yesterday “I wish to change my stance to bearish for tomorrow unless the 19310 resistance is breached.” and guess what - we had the break of resistance in the first 30mts itself. Who would believe we had a 203pts intraday rally today and not just the break of resistance. As soon as the 1hr passed above the 19310 levels, I had to go long today - because the momentum was in favor of the bulls. As it stands Nifty has made its 3rd attempt to break away from the bearish channel. Remember the first 2 attempts were rejected wherein Nifty was pulled back. Today’s price action is quite different - the leap in points came during trading and not by gap-up signifying a shift in the sentiment. Opening gap-up and then not sustaining is just euphoria & will fade out pretty soon, whereas the gains or pains made during trading hours shows mass market acceptance. The number of green hourly candles today = 5 and the red ones = 2 with no body. Nifty is back at the 19450 levels, something already tested on 30th Aug. If you were also short like me for today, there is a high possibility that you would have run into losses just like me. What we need to learn from this is - we hope and plan for X to happen and most likely Y happens. If trading was that easy, then everybody would have made it. As it stands, I change my stance from bearish to 60% bullish & 40% neutral for Monday 04 Sep. The moment 19564 gets taken out my stance will be 100% bullish
NSE:NIFTY
by viswaram
#nifty"Good morning! As of September 1st, the global market sentiment is slightly negative (based on the Dow Jones alone). The market trend is bearish, and the market might open with a neutral to slightly lower gap. In my personal opinion, the market might enter into a range from yesterday's low to the Fib level of 38%. Therefore, we can anticipate a directional move after the range breaks. However, if it breaches yesterday's low, it will likely reach the next support level immediately."
NSE:NIFTY
by Manickamtraders
31 Aug ’23 Post Mortem on Nifty - Monthly, Weekly & Daily ExpiryNifty Monthly Analysis In the Aug monthly series, Nifty is down 387pts ~ 1.97%. This month did not produce a reversal signal even though there were 2 attempts on 24th & 30th respectively. As it stands Nifty is following a bearish trend channel quite efficiently. My next support comes at 18880, so if the fall were to accelerate in September, its good to know the next milestone. Nifty Weekly Analysis Between the last expiry and today, Nifty has fallen only 100pts ~ 0.52%. Not something unusual comparing the monthly fall. Interestingly we made an attempt to reverse the trend yesterday - but that got run by a truck today. Nifty Daily Analysis Today’s price action was a continuation of what we had yesterday. If you look at the chart below, it is tough even to make out the separator between yesterday and today. The reason for the fall today may be attributed to the allegations on Adani by Hindenburg along with the OCCRP, a firm funded by George Soros revealing data about a possible insider trading & manipulation. The data available on the public forum is pretty skewed and I personally dont have an opinion on it right now. But of all the rules set by SEBI, the insider trading case is the biggest manipulation that is possible. Once the investigation gets completed and if the claims still stand - it is going to put a real awkward image about India and Indian companies among the FIIs and HNIs. The fall that happened today was nothing in front of what could happen. On a headline level we just fell 0.48% today well within the average true range. But this fall of 93pts took out the hope of bulls to have a reversal. Not only we breached the support of 19310 today, we even took out the swing low of 25th Aug. From tomorrow if we stay as it is, then the horizontal support line of 19310 will no longer be required. All that stays back will be the bearish channel. I wish to change by stance to bearish for tomorrow unless the 19310 resistance is breached.
NSE:NIFTYShort
by viswaram