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Niftyintradaylevels

NIFTY 12.09.2023 LEVELS..Nifty Spot : 19936.35 Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option STRIKES & Level One Week. Draw The Lines Buy, Sl, T1 to T5 Lines In Your Broker Application Trailing Purpose Only. Option Strike : 19800 CE Buy At : 106, Sl : 95, Next Sl : 63 Target : 132 Target : 159 Target : 185 Target : 212 Target : 238 Target : 264 Target : 291 Target : 317 Option Strike : 19800 PE : Buy At : 74, Sl : 67, Next Sl : 45 Target : 93 Target : 111 Target : 130 Target : 149 Target : 167 Target : 186 Target : 204 Target : 223 Every Target Point Is An New Buy Entry. First You Conform The Trend.. Market Goes Uptrend Or Downtrend. Then Only You Entre CE or PE Strike. If You Enter... Stop Loss is Below The Entry 15 To 25 Points.. Otherwise You Loss The Money. Kindly Watch My Break Even Point. Every Day. Above The Break Even Point UPTREND Starts Below The Break Even Point DOWNTREND Starts. Don"t Enter Blindly.
NSE:NIFTY
by market1tomorrow
NIFTY Intraday Trade Setup For 12 Sep 2023NIFTY Intraday Trade Setup For 12 Sep 2023 Bullish-Above 20010 Invalid-Below 19960 T- 20131 20250 Bearish-Below 19930 Invalid-Above 19980 T- 19815 19710 NIFTY has closed on a record high today. On Sep 4 EOD we planned our bullish trade when index closed above 19500 in daily TF, confirmation level was 19600.Target was discussed multiple time, a fresh ATH. Now we will simply trail sl and our TSL will be PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs. Today buy triggered as per trade setup above 19870 and hit our 1st target very smoothly. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 20010 then we will long for the target of 20131 and 20250. For selling we need a 15 Min candle close below 19930. T- 19815 and 19710. 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
1
11 Sep ’23 Post Mortem on Nifty - @20000 a day to remember 🎇🎇Nifty Analysis Recap from yesterday: For Monday I wish to change the status from bullish to 50% bullish & 50% neutral — that’s because I would like to wait for this news flow to get priced in. The euphoria and FOMO alone should drive Nifty50 to new ATHs, however I do not wish to get into new bullish positions till then. The 50% neutral, 50% bullish stance was taken to give some time for the traders to digest the I-CRR news. Seems like nobody was interested to wait. As soon as we opened - the intention to go up was very clear - how so? Just look at the OTM put prices. All the signs of aggressive put writing with near ATM credit and far OTM debit. Since this pattern was holding throughout the day, I personally went ahead with some long positions. In today’s price action, there were no reversal or pullback attempts and all the sectors were in green - a rarity usually. And as per DOW theory - if all the sectors are in green - its a true indicator of trend. On the 1hr TF - just notice the pace at which Nifty50 regained the lost points. It took 42 days and 1hr for Nifty to fall from 19991 to 19223 and just 10 days & 6 hrs to regain it. Which also indicates its a structural bull market. For tomorrow I wish to continue with the bullish stance, although I would like to take some safety net via long PUTS as we have the CPI (Inflation) data coming up this week.
NSE:NIFTYLong
by viswaram
Nifty daily analysis for 12/09/23.A new ALL TIME HIGH for Nifty today. The market were looking bullish from the very first minute and finally crossed the 20k level in the last hour of the trading session. Nifty has travelled to 20 k levels from 19300 levels and now it can take a halt before crossing the level. It has formed a marubozu candle and has closed near the round figure level. On the hourly charts, the market is trading above the moving averages and has closed near the day high. While the nifty is at its ATH there is no resistance and the levels for the resistance are taken by the fibonacci levels. Support :- 19930, 19865 Resistance :- 19200, 19310 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
3
NIFTY Intraday Trade Setup For 11 Sep 2023NIFTY Intraday Trade Setup For 11 Sep 2023 Bullish-Above 19870 Invalid-Below 19820 T- 19953 20037 Bearish-Below 19790 Invalid-Above 19840 T- 19710 19617 NIFTY has closed on a bullish note last week and day with 1.98% and 0.47% gain respectively. On 4th Sep EOD we discussed about bullish indication when index closed above 19500 in daily TF. Also said that next day closing (19600) on a bullish note will be a confirmation to the bullish view. And the idea worked perfectly where it gave 300+ points move and is approaching a fresh ATH. After that next possibility opens up and future scenarios will be discussed when target is hit. 19870 and 19790 are important levels for Monday's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19870 then we will long for the target of 19953 and 20037. For selling we need a 15 Min candle close below 19790. T- 19710 and 19617. 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
08 Sep ’23 Post Mortem on Nifty + discontinuation of I-CRR newsNifty Analysis Recap from yesterday “On the 1hr TF the W pattern worked out quite good. The next 2 resistance points will be 19786 and 19852 if we are continuing the breakout rally. If we were to fall the first support will be the resistance we just broke i.e. 19678 followed by 19581. For tomorrow I wish to continue my bullish stance unless the first support of 19678 is taken out in the first 2 hours.” Let the chart not deceive you, we really went up 142pts ~ 0.72% from the low to the high and today’s low was still above yesterday’s close. Since the chart was set to “Auto” resolution on “Log” scale - the up move may not look that much. What an impressive rally today, I assume most of the analysts would have switched their bias to the long side after yesterday’s show. Today’s outperformance was quite predictable still the near ATM call options had a humongous price swing. Option premiums usually rise when the uncertainty goes up - and seeing the rally today the price jumps in 20100, 20200, 20300 & 20500 were more than unusual. 20100 CE which closed for 5.45 yesterday opened at 6.5 and rallied upto 13.5 ~ 248% before closing at 9.35. We took out the first resistance point by 11.15 today and touched the 2nd resistance point by 14.15 to only close lower. The 2 resistance points are highlighted in orange horizontal lines. I was feeling quite carried away that the technical analysis was working exactly as in the script. Nifty falling in a bearish channel from 21st July and then breaking out from 1st Sep. Just today I realized the real reason behind this is the I-CRR news flow - read here. Remember the fall started when the RBI Governor announced the 10% increment in CRR in his last MPC address. Now there is news that 75% of it might be removed immediately. This was the reason the banks started rallying all of a sudden from 2pm on 6th Sep. Do you recollect the article I wrote about HDFCBK being the lone wolf fighting for banknifty? Now you might have understood how a 41% weightage on BankNifty can make a lot of difference. For Monday I wish to change the status from bullish to 50% bullish & 50% neutral - that's because I would like to wait for this news flow to get priced in. The euphoria and FOMO alone should drive Nifty50 to new ATHs, however I do not wish to get into new bullish positions till then.
NSE:NIFTYLong
by viswaram
Nifty daily analysis for 08/09/23.The market finally has given a nice trending move and has closed 116 point higher. On the hourly charts, nifty took a slight pull back and started moving in the upward direction slow. During the second half it gave the break out and travelled, finding resistance around 19730 levels. A nice bullish candle on the daily charts is showing some positivity and if the global markets support, nifty can travel higher. On 15 minute time frame, it constantly took support from 20 ema closed very bullish. Support :- 19640, 19550 Resistance :- 19785, 19845 The market has consolidated alot and the up move can continue owing to the G-20 summit. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty 50 Daily Analysis - Day time frameThe Nifty index has found support at the 19500 level and is currently displaying a bullish trend. Based on historical price patterns, resistance levels are observed at 18850 and 20000. The recent combination of trading volume and price movement over the past three sessions suggests the possibility of the Nifty reaching its all-time highs in the next 3-4 trading sessions. However, given the current weakness in the banking sector, there may be some testing of the 20000 level, and the potential for reaching new highs by the beginning of October also depends on favorable global market conditions.
NSE:NIFTYLong
by tradeGambler
NIFTY Intraday Trade Setup For 08 Sep 2023NIFTY Intraday Trade Setup For 08 Sep 2023 Bullish-Above 19740 Invalid-Below 19690 T- 19840 19935 Bearish-Below 19640 Invalid-Above 19690 T- 19525 19415 NIFTY has closed on a bullish note with 0.59% gain. After our positional short trade was cut at cost when it closed above 19500 it was said that now index is bullish. After 19500 was closed in daily TF index has inched higher and is moving towards 20k. Today buy triggered as per trade setup above 19640 and 1st target was hit very smoothly via a short covering move (19640-19737). Tomorrow kindly be strict in trailing positions for both side trades. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19740 then we will long for the target of 19840 and 19935. For selling we need a 15 Min candle close below 19640. T- 19525 and 19415. 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
07 Sep ’23 Post Mortem on Nifty Super rally in last 90 mtsNifty Weekly Analysis You may not believe that Nifty has added 444pts ~ 2.31% between the last expiry and today. The bulk of the moves came on 1st Sep and then today. On the weekly timeframe Nifty just broke out from the bullish flag consolidation formation signalling further fire power ahead. Will the global markets play spoilsport is the only question here. Nifty Today Analysis Recap from yesterday “Also the 14.15 green candle negates the 5 prior red candles creating a bullish ambience. For tomorrow, I wish to continue the bullish stance and the first target in sight would be to take out the next swing level of 19678.” It was not a surprise that when I posted the bullish view on tradingview minds this morning, I got a -4 downvote. Almost all the analysts were looking for bearish opportunities on Nifty and BankNifty and the opening moves would have given the illusion of downfall. We fell 71pts ~ 0.36% by 09.35 enough for most to go short and that too on expiry day. What happened after that was a reclamation of 19600 levels by Nifty, we even hit a new swing high of 19642 at 11.15. And honestly I thought thats it - we will consolidate sideways and end the day around those levels. I was totally surprised when Nifty rallied 144pts ~ 0.74% between 11.40 to 14.35. In fact I had 2 bullish CE long positions that I exited prematurely at a small profit. If I knew Nifty had more firepower to take out the 19700 today - I would have hung on to it & made a fortune 🙂 From a weekly expiry standpoint - the options premium near ATM and far OTM were real pathetic. Something that I realized today is that when we had BankNifty & Nifty expiring together - we could jump in and out on strikes that gave max bang for bucks. Since BN is now set to expire on Wednesdays, there are no more arbitrage opportunities. If the conditions like today persist in the foreseeable future - then option selling wont be able to attract a fresh crowd. On the 1hr TF the W pattern worked out quite good. The next 2 resistance points will be 19786 and 19852 if we are continuing the breakout rally. If we were to fall the first support will be the resistance we just broke i.e. 19678 followed by 19581. For tomorrow I wish to continue my bullish stance unless the first support of 19678 is taken out in the first 2 hours.
NSE:NIFTYLong
by viswaram
06 Sep ’23 Post Mortem on Nifty Unusual spike at 3pmNifty Analysis Recap from yesterday: For tomorrow I continue to maintain the bullish stance unless 19450 is broken. Nifty opened inline today and held its ground till 09.40 after which it started falling. The fall was not quick or scary but gradual and steady. We dropped 112pts ~ 0.58% by 13.35 and went down till 19491 from where we got a massive reversal. The level from which Nifty took support could be rounded off to 19500. Any further weakness would have triggered another round of selling and the breakout momentum would have been shot in the arm. Luckily we had a massive reversal, quite honestly I did not expect it to be this intense. Nifty gained back 145pts ~ 0.75% to close above the swing high at 19618. This is in line with the bullish technical analysis. If you look at the 1hr TF the W pattern still holds strong. Also the 14.15 green candle negates the 5 prior red candles creating a bullish ambience. For tomorrow, I wish to continue the bullish stance and the first target in sight would be to take out the next swing level of 19678. Unless any misadventures from SPX and NDQ overnight - we should be cruising upwards. Protective stop loss will be 19490 or below.
NSE:NIFTYLong
by viswaram
Nifty Spot Actionable Idea - September 7, 2023Current Price (CMP): 19611 Resistance: 19644 Support: 19594 Upside Targets: 19679 and 196 (after a break of Resistance) Downside Targets: 19530 and 19492 (after a break of Support) Execution: Only execute trades after a clear break and close above or below the Resistance or Support levels on a 15-minute candlestick chart. Stop Loss: Place stop-loss orders above or below the Resistance or Support levels on a 15-minute candlestick chart. ---------------------------------------------------------------------------------------------------------------------- Overview: Welcome to this Nifty Spot actionable idea for September 2, 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 19611. Resistance: The immediate resistance level for Nifty Spot is identified at 19644. Support: On the downside, there is solid support at 19593. Upside Targets: In the event of a breakout above the resistance level of 19644, we can set our sights on two potential upside targets: 19679 and 19720. Downside Targets: Conversely, if the support level at 19593 is breached, we should be prepared for two downside targets: 19530 and 19492. 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.
NSE:NIFTY
by SarthakPatwari
Nifty weekly expiry analysis for 07/09/23.Nifty gave a nice move and the last hour candle gave a nice up move after showing some selling in the market. There is a bullish engulfing candle on the daily charts and market is looking bullish as it has closed near day's high. On the hourly time frame, the market tested the 20 ema and closed above both the moving averages. The volume of the last hour are also high and there are chance of market showing some bullishness. Nifty consolidated in the first half, gave a downside trade and reversed making market bullish. On 15 minute time frame, the market formed a base around 19500 levels and closed above both the moving averages. Support :- 19500, 19430 Resistance :- 19650, 19730, 19785 Market for last 3 session has been following a trend of a selling and then closing near the day top. If the markets opening gap up, there are fair chance of market moving up wards as it will clear the crucial resistance zone. Watch for the option premium as it will be weekly expiry. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
NIFTY Intraday Trade Setup For 07 Sep 2023NIFTY Intraday Trade Setup For 07 Sep 2023 Bullish-Above 19640 Invalid-Below 19590 T- 19735 19820 Bearish-Below 19490 Invalid-Above 19540 T- 19398 19305 NIFTY once again closed on a slight positive note with 0.18% gain today. It was updated that NIFTY has closed above 19500 in daily TF after 1 month and called it slight bullish. It is inching higher like a tortoise BTW. While 19500 become again important for a reversal if closed in daily TF. Today buy triggered as per trade setup which hit sl and then sell triggered later it broke previous swing high and reversed. In the weekend analysis it was said that if index regains 19500 then moreover it will be a broader range trading inside 20k and 19200. Tomorrow above 19640 it may fill the gap. Bearish view only below 19490, however I will be looking for a reversal in 5 MIN TF for a short. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19640 then we will long for the target of 19735 and 19820. For selling we need a 15 Min candle close below 19490. T- 19398 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