NIFTY Intraday Trade Setup For 08 Aug 2023NIFTY Intraday Trade Setup For 08 Aug 2023
Bullish-Above 19621
Invalid-Below 19570
T- 19737 19843
Bearish-Below 19520
Invalid-Above 19570
T- 19433 19341
NIFTY has closed on a bullish note with 0.41% gain today. In the weekend we discussed that we will cut our sell position at cost as it should have gone in flow. About the swing position we will update later on right time. It has closed near day high so above 19621 it will fill the gap created on 2 Aug. Below 19520 we will sit in sell. In hourly TF we have to watch carefully index sustaining below 19560.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19621 then we will long for the target of 19737 and 19843.
For selling we need a 15 min candle close below 19520. T- 19433 and 19341.
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 - Analysis & Prediction - 8th Aug 2023Nifty Prediction Tomorrow:
Nifty looks little bit Positive, however we have resistance around 19700 and channel resistance at 19625.
We can SELL at 19625 for lower targets,
BUY entry only above 19650
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!!
NIFTY Intraday Trade Setup For 07 Aug 2023NIFTY Intraday Trade Setup For 07 Aug 2023
Bullish-Above 19540
Invalid-Below 19490
T- 19640 19751
Bearish-Below 19450
Invalid-Above 19501
T- 19345 19250
NIFTY has closed on slight bearish note with 0.66% cut last week. Swing sell has been triggered below 19560 and last swing high is 19800 (sl). It gave almost 1:1 gain but projected target is near 18750 zone. If it sustains above our cost price then we will exit with NPNL and may plan our entry again. Above 19540 it can show bullish momentum in intraday only thing is that we have to be alert in trailing with 5 MIN swing lows and alert on reversal sign. Below 19450 it will have a good bearish stance.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19540 then we will long for the target of 19640 and 19751.
For selling we need a 15 Min candle close below 19450. T- 19345 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 Intraday Trade Setup For 04 Aug 2023NIFTY Intraday Trade Setup For 04 Aug 2023
Sell_1-From 19451
Sl-19501
T- 19373 19300
Sell_2- Below 19290
Sl-19340
T- 19179 19065
NIFTY has closed on a bearish note once again with 0.74% cut. After our sell triggered below 19560 it is going in flow. Sell triggered as per trade setup below 19420 and hit our 1st target 19300 in flow. Bearish sentiment likely to continue below today's low and this is the high probability trade in tomorrow's session. Only thing is that only if 10 o'clock range breaks upside by making a morning star in 15 TF then we have to stop and reverse our position. Incase of a gap up we will short from 19450 with 5 min candle's low as entry point.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 19290 then we will short for the target of 19179 and 19065.
Incase of a gap up we will short from 19450 with 5 Min candle's low as trigger. T- 19373 and 19300.
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 daily analysis for 03/08/23.Nifty has been trading in a parallel channel and is respecting the channel on the daily charts as it has closed above the support line.
On the hourly charts, after testing the 200 ema, nifty reversed and closed above 19500 levels and between both the moving averages.
Market today was in a bearish trend from the moving and even after the gap down opening it continued to fall, giving a 1% bearish move on the daily charts.
On 15 minutes time frame, nifty closed below both the moving average. There is a cup formation during the second half of the session.
Support :- 19420, 19350
Resistance :- 19565, 19650
If nifty starts trading below 19350 levels, tomorrow being expiry gap filling trade can be seen along with retest to 19180 levels.
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 03 Aug 2023NIFTY Intraday Trade Setup For 03 Aug 2023
Bullish-Above 19560
Invalid-Below 19510
T- 19681 19775
Bearish-Below 19420
Invalid-Above 19470
T- 19300 19187
NIFTY has closed on a bearish note with more than 1% cut today. It opened with a big gap down today below our sell level. As per trade trade setup 10 o'clock range was to be used as per our setup. 10 o'clock range broke downside below 19615 and risk was 25 points as the last swing low was 19639. It gave a trendy move till 19425. No pullbacks were in between. In the weekend we discussed that index is likely to give a pullback in daily TF. It has been activated below 19560 today.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19560 then we will long for the target of 19681 and 19775.
For selling we need a 15 Min candle close below 19420. T- 19300 and 19187.
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 Intraday Trade Setup For 02 Aug 2023NIFTY Intraday Trade Setup For 02 Aug 2023
Bullish-Above 19770
Invalid-Below 19720
T-19841 19935
Bearish-Below 19700
Invalid-Above 19750
T- 19630 19555
NIFTY has closed almost on a flat note with minor cut of 0.1% today. Yesterday we planned that if we get a rejection from PDH and then if buy triggers then a good bullish momentum can be expected. It gave a negligible rejection that is why bullish trade did not go in favour. We have a very tight range for tomorrow. 19770 and 19700 are key levels for tomorrow's session. We have to be neutral and let market decide which side it is ready.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19770 then we will long for the target of 19841-51 and 19935.
For selling we need a 15 Min candle close below 19700. T- 19630 and 19555.
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 trade setup for 31-07-2023Nifty important intraday levels to watch for 31-07-2023
#Support: 19560
Short if candle closes below 19560.
#resistance: 19770
Long if candle closes above 19770.
#Targets on downside after break of support.
Target 1= 19470
Target 2= 19380
#Targets on upside after break of resistance.
Target 1= 19760
Target 2= 19850
Target 3= 19970
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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#niftyGood morning! As of August 1st, the global market has a slightly positive sentiment (based on only Dow Jones), and the market nature is moderately bullish. Therefore, it might start with a minor gap-up. After that, if the market rejects the immediate resistance, we can expect a minor correction. On the other hand, if it breaks through, it moves your target to the next resistance level. However, if the market opens gap-down, we can expect a range-bound market. We can anticipate a correction only if it breaks the previous bottom.
NIFTY Intraday Trade Setup For 01 Aug 2023NIFTY Intraday Trade Setup For 01 Aug 2023
Bullish-Above 19775
Invalid-Below 19725
T- 19855 19935
Bearish-Below 19670
Invalid-Above 19720
T- 19565 19470
NIFTY has closed on a bullish note with 0.55% gain today. In the weekend we discussed that 19560 is an important weekly level below which a short would open for 18750 zone. But before that it formed a Pin bar candle in daily TF on Friday and expected bullish momentum above 19670, so has happened. Buy triggered as per trade setup above 19670 and hit our 1st target very smoothly. Trade gave around 100 points (19670-19772). After a small pullback from today's high if it gives a breakout then bullish momentum likely to continue.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19775 then we will long for the target of 19855 and 19935.
For selling we need a 15 min candle close below 19670. T- 19565 and 19470.
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.
FASP levels for Nifty 01/08/2023The FASP for Nifty is listed for 01-08-2023. 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 - Prediction & Intraday Levels for - 01 Aug 2023Nifty Prediction Tomorrow:
Nifty is at trend line resistance, where it might reverse for downside move. So it looks Down trend in Nifty, only if closes above 19850 we can go BULL side. Until its bearish and we can see lower side targets tomorrow.
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!!
28 Jul ’23 Post Mortem on Nifty Beautiful recovery final 45mts🐂The open was as expected and the first 2 candles made sense when we retouched yesterday’s swing low.But what followed after that was more of a discouragement for the bears. No matter how hard the bears try - they are unable to push down the prices.
We had a gradual fall to the intraday low of 19563 which was hit by 13.45 - and this was the time by which the bulls took over. The bulls were able to rally Nifty back to yesterday's closing level. By 15.07 Nifty turned green and then dipped a bit to close at 19646 just 0.07% in red.
The last 45mts helped Nifty climb 99pts ~ 0.51% on what looked like a fairy tale like ending. The real reason was the lack of participation of commodity, consumption, energy, fmcg, pharma and metal indices. Finally it seemed like only the financial and IT indices wanted RED.
What today’s move means is Nifty50 is an untradeable range as of now, we need to either break 19521 on the downside or break 19729 on the upside for a directional game.
...
Comment with your thoughts, opinion or bias, I will respond with mine :)
#nifty"Good morning! As of July 31st, there is no significant difference between the last session, but the global market has a neutral sentiment (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down. If the initial market takes sharp declines, we can expect correction continuation with minor pullbacks.
On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
FASP levels for Nifty 31/07/2023The FASP for Nifty is listed for 31-07-2023. 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 weekly analysis for 31/07/23.After 4 weeks in green market has given a halt candle near the high forming a red doji candle.
Even on the daily charts, market has formed a doji, on the lower side of the range in which it was trading. The monthly expiry was a good one and the trend remain on the sell side whole day.
Nifty is trading around 20 ema (daily) and if it breaches the levels it can test 19500 levels.
On the hourly charts, market is trading below the 20 ema and can go to test the 200 ema, if it start trading below 19500.
Support :- 19565, 19500, 19370
Resistance :- 19650, 19730
The market supports are nearby and it can reverse from any of the support. Try to keep targets small on the down side.
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 31 Jul 2023NIFTY Intraday Trade Setup For 31 Jul 2023
Bullish-Above 19670
Invalid-Below 19620
T- 19755 19845
Bearish-Below 19560
Invalid-Above 19610
T-19470 19380
NIFTY has taken a pause in the bull run after hitting psychological zone of 20k which was also our buy target which we bought from 18460 for swing. A pullback is very logical after an impulse. This pullback/down move will be initiated below 19560,level is this and last week's low. It can test 18750 zone in this case. However I feel that we have to eat this in pieces.
It has formed a Pin bar candle on last session. So on a flat opening we can expect some bullish moment above 19670 tomorrow.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19670 then we will long for the target of 19755 and 19845.
For selling we need a 15 Min candle close below 19560. T- 19470 and 19380.
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 - Prediction & Intraday Levels for - 31 Jul 2023Nifty Prediction:
BULLISH / Positive Sentiment towards 20K
Nifty likely to Open Big Gap up Open on Monday around 19700 support zone, we can expect 20K this week in Nifty. It looks strongly Bullish.
BEARISH move can be expected only if it trades below 19573.
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!!
#nifty"Good morning! As of July 27th, the global market indicates a negative start (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down; if the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."