NIFTY Intraday Trade Setup For 22 Aug 2023NIFTY Intraday Trade Setup For 22 Aug 2023
Bullish-Above 19430
Invalid-Below 19380
T- 19505 19595
Bearish-Below 19350
Invalid-Above 19400
T- 19250 19170
NIFTY has closed on a bullish note with 0.43% gain today. Buy triggered as per trade setup above 19380 and gave small momentum till 19425 which did not hit our target. Target was not achieved as the run started from 19300 zone itself. In the weekend we have already discussed that 19500 is the last swing high in hourly TF, so its a key resistance. After it is validated by fall thereafter 19500 is sustained then there will be a chance of reversal. 19250 is the hourly support, break of which will unfold downside momentum.
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 19505 and 19595.
For selling we need a 15 min candle close below 19350.
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.
Niftyintradaylevels
Nifty Tradesetup for 21-08-2023nifty important levels to watch are as follows
#Support: 19260
Sell below: 19260 only on 15 minute candle closure below the level.
Target 1: 19190
Target 2: 19110
#Resistance: 19380
Buy Above: 19380 only on 15 minute candle closure Above the level.
Target 1: 19480
Target 2: 19560
#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 - 21/08/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19260 level and then possible downside rally up to 19140 in today's session. in case nifty trades above 19300 level then the upside target can go up to the 19420 level.
NIFTY Intraday Trade Setup For 21 Aug 2023NIFTY Intraday Trade Setup For 21 Aug 2023
Bullish-Above 19380
Invalid-Below 19330
T- 19480 19570
Bearish-Below 19250
Invalid-Above 19300
T- 19133 19020
NIFTY has closed with slight bearish sentiment last week with 0.61% cut. Our swing short has been planned on 30 Jul. Our short level is 19560 and till now it is standing with more than 1:1 gain. Our target is already discussed multiple time which is near 18750 zone. Below 19280 we will get the next round of selling. No plan of buying till we get a bullish price structure in hourly and daily TF. As of now 19500 looks a important swing high as a reversal point.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19380 then we will long for the target of 19480 and 19570.
For selling we need a 15 Min candle close below 19250. T- 19133 and 19020.
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.
Nifty50 Weekly Key Trading Levels 21st to 25th Aug 2023#Nifty50 Weekly Key Trading Levels 21st to 25th Aug 2023
Looking for profitable Options trading opportunities for the week of 21st Aug-25th August 2023. In this video, I'll be sharing the option buying and selling levels for Nifty50, Banknifty & Finnifty for the week 21st Aug-25th August 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
Nifty - Analysis & Prediction - 21 to 25 Aug 2023Nifty Prediction for this Week:
Indian Markets are in Down trend however there will be some correction.
Nifty likely to test 19430 / 19500 level before it falls again and there is high probability that Nifty might test 18800 mark very soon.
BULLISH trend can be expected only above 19570
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
FASP levels for Nifty 21/08/2023The FASP for Nifty is listed for 21-08-2023. 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.
#nifty"Good morning! As of August 18th, The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bearish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market or a pullback continuation. If it breaks the immediate support zone, then the correction will likely continue."
NIFTY SCALPING ZONES FOR TODAYNIFYT
Timeframe: 15 -minute chart
Support Zone: 19350-19310
Resistance Zone: 19578-19617
Trade Overview:
In this trade idea, we'll focus on scalping the NIFTY using the support and resistance zones identified on the 15-minute chart. Scalping involves making multiple quick trades within short time frames to capture small price movements.
Trade Plan:
1. Entry Strategy:
Buy (Long): If the price bounces off the lower boundary of the support zone (around 19350-19310 ) with a bullish candle, consider entering a long position.
Sell (Short): If the price drops from the upper boundary of the resistance zone (around 19578-19617 ) with a bearish candle, consider entering a short position.
2. Stop-Loss:
For long positions, set the stop-loss just below the support zone or the recent swing low.
For short positions, set the stop-loss just above the resistance zone or the recent swing high.
3. Take-Profit:
Take profits for long positions at the upper boundary of the resistance zone or a predefined target level, ensuring a favorable risk-to-reward ratio (e.g., 1:1 or better).
Take profits for short positions at the lower boundary of the support zone or a predefined target level, with a similar risk-to-reward ratio.
4. Risk Management:
Since scalping involves quick trades, limit your risk to a very small percentage of your trading capital (e.g., 0.5% or less).
Given the short timeframe, be prepared to exit the trade if it's not moving in your anticipated direction.
*********************************
Note: This trade idea is for educational purposes only and should not be considered financial advice. Scalping involves quick trades within a short time frame and can be risky. Always perform your own analysis and consider your risk tolerance before making trading decisions.
****************************************
NIFTY Intraday Trade Setup For 18 Aug 2023NIFTY Intraday Trade Setup For 18 Aug 2023
Bullish-Above 19390
Invalid-Below 19340
T- 19480 19570
Bearish-Below 19320
Invalid-Above 19370
T- 19250 19150
NIFTY has closed with a decent cut of 0.51% today. Sell triggered as per trade setup below 19410 and hit our 1st target very smoothly, then as usual bounce from the target zone. It has formed an inside candle in daily TF, so above 19485 if sustained by any chance then possibility of a big move tomorrow. However we will be buying above 19390. Below 19320 , simple short position. In case it sustains below 19250 then possibility of a big fall.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19390 then we will long for the target of 19465-80 and 19570.
For selling we need a 15 min candle close below 19320. T- 19250 and 19150.
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.
Nifty Expiry TradeSetup for 17-08-2023nifty important levels to watch are as follows
#Support: 19360
Sell below: 19360 only on 15 minute candle closure below the level.
Target 1: 19300
Target 2: 19255
Target 3: 19200
#Resistance: 19500
Buy Above: 19500 only on 15 minute candle closure Above the level.
Target 1: 19560
Target 2: 19640
#Demand Zone: 19360-19380 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 19475-19490 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.
#nifty"Good morning! As of August 17th, there isn't a significant difference from the last session. The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market or a pullback continuation. If it breaks the immediate support zone, then the correction will likely continue."
16 Aug ’23 Post Mortem on Nifty - Are the bears still alive?Last session we discussed the support level of 19311, this came into play today and proved quite hard to breach. Today’s intraday low 19317 was hit in the first candle itself after a gap down opening.
The biggest negative news to start the day was the higher than expected 7.44% CPI inflation that came after market hours on 14th Aug.
Also the SPX and NDQ also closed lower than 1.16 to 1.1% - this also should have influenced the gap down today. The data that came from China - was bad and a leading indicator to what a deflationary, illiquid & rising unemployment looks like. I personally felt we might breach the support and close lower than 19146 today. But the resilience and perseverance shown by the dip buyers (bulls) were phenomenal.
We rallied back 163pts ~ 0.85% to close the day in green. Pretty much frustrating if you are a bear. This market is quite hard to crack. The rally also ensured we went above the swing high of last session showing further positiveness.
If we look at the 1hr TF - the double bottom @ 19311 stands strong, and the bearish trend line is converging. Till date the tops Nifty has made has respected the trend line - this could also mean the falling wedge pattern could hold true. If yes - its a bullish pattern and we could have a trend reversal soon.
The only way bears can regain control is to break the support of 19311 immediately, preferably tomorrow 17th Aug. Seriously I was screening the news to find out why Nifty rallied even in spite of bad news - one event I saw was the “CABINET APPROVES 63000 CR RUPEES FOR EV BUSES SCHEME” tweet. But seriously building an industry on subsidy & incentive is syphoning out tax payer money & destructive to existing industries.
I am revising my stance from bearish to neutral, will shift to bearish if 19311 breaks tomorrow for good.
FASP levels for Nifty 17/08/2023The FASP for Nifty is listed for 17-08-2023. 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.
NIFTY Intraday Trade Setup For 17 Aug 2023NIFTY Intraday Trade Setup For 17 Aug 2023
Bullish-Above 19485
Invalid-Below 19435
T- 19570 19655
Bearish-Below 19410
Invalid-Above 19460
T- 19331 19250
NIFTY has closed on a slight bullish note with 0.16% gain today. It opened with a decent gap down but after the 1st 15 Min candle liquidity was grabbed and it recovered. However sell was not triggered as per trade setup. Later 10 o'clock range broke upside above 19390 and gave almost 90 points gain, initially it hunted sl and in the 2nd attempt it went in flow. Above 19485 if sustained we get a good upside move which will be based on 19500 CE short covering. 19410 is the downside level.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19485 then we will long for the target of 19570 and 19655.
For selling we need a 15 min candle close below 19410. T- 19331 and 19250.
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.
Nifty Tradesetup for 16-08-2023Nifty important Intraday levels to watch are as follows
#Support: 19400
Sell below:19400 only on 15 minute candle closure below the level.
Target 1: 19350
Target 2: 19287
Target 3: 19210
#Resistance: 19480
Buy Above: 19480 only on 15 minute candle closure Above the level.
Target 1: 19560
Target 2: 19640
#Demand Zone: 19290-19310 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 19455-19480 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.
#nifty"Good morning! As of August 16th, the global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. If it breaks the immediate support zone, then the correction will likely continue. On the other hand, if the decline doesn't break yesterday's low, it might turn into a range-bound market."