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Niftyintradaylevels

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 TheMamboMomentum
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
FASP levels for Nifty 01/09/2023The FASP for Nifty is listed for 01-09-2023. 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 daily analysis for 01/09/23.Nifty has been trading below the 20 ema and is taking support from 19250 levels. Market has lost around 200 points from this week high and is trading around the previous swing low. If the market gives a gap up opening then there can be a halt candle and on the bearish side there will be another sell off. On the hourly charts, the market came for selling and got rejection from the 20 ema. It has closed below both the moving averages. There is a bearish moving averages cross over today, which has given a good R:R ratio of 1:2.5, on 15 minute time frame. Nifty has been taking support from the trend line and has tested it 3-4 times. If the trend is broken then there can be a good sell off. Support :- 19240, 19180 Resistance :- 19310, 19400 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
2
NIFTY Intraday Trade Setup For 1 Sep 2023NIFTY Intraday Trade Setup For 1 Sep 2023 Bullish-Above 19290 Invalid-Below 19240 T- 19371 19455 Bearish-Below 19220 Invalid-Above 19270 T- 19105 19005 NIFTY has closed on a bearish note with 0.48% cut. Yesterday in both the indices I shared a possibility of a pullback today with half bat pattern as there was one leg move. Today it dipped and triggered sell without any pullback due to that it hit sl. Later after a pullback sell triggered again below 19330 and hit 1st target (19225). Tomorrow 19290 and 19220 are important levels for intraday. Also be alert about bullish reversal below 19220 as that's an important support. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19290 then we will long for the target of 19371 and 19455. For selling we need a 15 Min candle close below 19220. T- 19105 and 19005. 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
2
NIFTY Intraday Trade Setup For 31 Aug 2023NIFTY Intraday Trade Setup For 31 Aug 2023 Sell_1- From 19410 Invalid-Above 19460 T- 19345 18280 Sell_2- Below 19330 Invalid-Above 19380 T- 19230 19105 NIFTY has closed on an absolute flat note today after a roller coaster ride. It opened with a big gap up today and as per our trade setup 10 o'clock range was to be used. Initially 10 o'clock range broke above 19441 and last swing low was 19425, so around 16 points sl was hit. Later range broke downside below 19407 and last swing high was 19431, so with 25 points sl it gave 70 points straight move till gap area. I have been updating that although we have short position from 19560, index will give a straight move below 19220 only. In between it will be sideways. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes below 19330 then we will short for the target of 19230 and 19105. In case of a gap up 19410 is tested in the first hour then we will plan a short from there. T- 19345 and 19280. 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
FASP levels for Nifty 31/08/2023The FASP for Nifty is listed for 31-08-2023. 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.
NSE:NIFTY
by SathishChandrasekaran
30 Aug ’23 Post Mortem on Nifty - 111pts fall in 60mts why? 🤔Nifty Analysis This is what I wrote yesterday - “For tomorrow, I have a 60% neutral and 40% bullish view as we are right at the upper channel and above the support.” . Never did I believe we could have a neutral closing today after the big gap-up open. Even till 13.15 there was no sign of weakness and Nifty was looking & staying strong. Luckily Nifty is a notch above the bearish descending channel. Still giving hopes to the bulls. I still have not figured out the reason why we fell 111pts after that. Was it the China news of stimulating the economy, cutting taxes on stock markets, a warning of distress or the German CPI or the US GDP expectations? I still dont think the Rs200 cut on LPG cylinder by the Oil Minister & then the comments that it will come as Govt. Subsidy and not from OMC’s margin would have triggered this fall. This move has opened up multiple possibilities for the monthly expiry tomorrow. Let us discuss them. On the hourly TF we now have 2 rejections when Nifty tried to breakout from the bearish channel. Both of them had strong selling momentum which indicates the Big-Bear is still alive & kicking. If we take out the descending channel - the chart pattern will appear like a lower high and lower low in which the lower low is not that intense. For tomorrow I wish to keep a neutral view till 19310 is not taken out and if it does - would wait for the swing low of 19229.7 to be taken out to go short. When going short, I would expect a new lower low to be formed. Meanwhile if Nifty stays strong and respects the support - I will still keep my fingers crossed for a breakout momentum.
NSE:NIFTY
by viswaram
Nifty monthly expiry analysis for 31/08/23.Again nifty after a gap up opening couldn't sustain above the 20 ema and in the second half of the trading session came for selling, closing flat. On the hourly time frame, market took support from 200 ema and showed some positivity but couldn't sustain and came for selling closing below both the moving averages. Market has reversed after testing the 61.8% fib levels and the sell off good in volumes. The market has closed around the day low. Tomorrow being a monthly expiry there are chance of a trending market as the market has been in a consolidation phase. Even on the 15 minute time frame, the market has closed below both the moving averages. Nifty was stronger than the other index. The sell off was a trending one and if continues for selling then it will be a short term downtrend. Support :- 19310, 19250, 19180 Resistance :- 19360, 19410,19470 The market has resistances in a small range which will be difficult for the market to break. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
FASP levels for Nifty 30/08/2023The FASP for Nifty is listed for 30-08-2023. 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.
NSE:NIFTY
by SathishChandrasekaran
#Nifty"Good morning! As of August 2nd, the global market sentiment is positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a gap-up. Therefore, there is no significant difference from the last session. If the market sharply rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks below the 38% Fib level, then the correction will probably persist."#nifty
NSE:NIFTY
by Manickamtraders
29 Aug ’23 Post Mortem on Nifty - 60% neutral 40% bullishNifty Analysis Yesterday we had a neutral call on Nifty “Most importantly the 19310 support/resistance stands in between. A break in support may cause Nifty to follow the bearish channel. Whereas a breach in resistance will give Nifty breakout momentum as it exits the falling wedge. I wish to go with a neutral stance for tomorrow till we get some clarity.” You may not believe it, but today’s price action was between the 19310 horizontal support and the descending trend line. The momentum was just not there to break the support nor break the trend line. We had 3 attempts each and all three of them failed. The open was gapup right at the trend line and we fell to the support by 10.25. From there we had a steady rise till 13.30 where we retested the trendline again but faced rejections. The 2nd fall to the support came at 14.20 which was quick but lacking force. At 14.55, I seriously thought the support would get breached - instead we shot up to the trendline to close exactly on it. On the 1hr TF, it seems like Nifty is coming under immense pressure to pick a direction. All clues are hinting at a bullish breakout as the support is too strong to be broken. The only reason the breakout is not happening may be because the big-bears have still not given up or booked profits. If new bears are not taking fresh shorts, then the existing short-sellers may have to run for cover as the market has a natural tendency to move up if it stays like this. For tomorrow, I have a 60% neutral and 40% bullish view as we are right at the upper channel and above the support. If Nifty is unable to exit the channel in the first 90mts, I will look for neutral positions only. And if the lower channel is tested - I would like to convert my current positions to bearish ones.
NSE:NIFTY
by viswaram
Nifty daily analysis for 30/08/23.Nifty is not taking the benefit of the gap up opening and is coming for selling from the very first candle. Though, the market recovered after falling and closed 36 points above, still there is sideway to volatile market. Option sellers market is on as the volatility is taking away the premiums benefitting the sellers. On the hourly charts, it took support multiple times from the 20 ema and has closed between both the moving averages. Nifty today has traded in a range of 50 points and has formed a box consolidation. The market is giving less intraday opportunities. It will be good to let market decide the trend and trade accordingly. On 15 minute time frame, it has closed between both the moving averages and regained 40 points in the last two candles. Support :- 19310, 19250 Resistance :- 19350-380, 19480 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
NIFTY Intraday Trade Setup For 30 Aug 2023NIFTY Intraday Trade Setup For 30 Aug 2023 Bullish-Above 19380 Invalid-Below 19330 T- 19460 19545 Bearish-Below 19300 Invalid-Above 19350 T- 19230 19106 NIFTY has closed with slight gain today. Whole day it was sideways, traded inside previous day's range. In fact it just traded between 70 points range. Nothing triggered as per trade setup today. Till the time it is inside hourly rage of 19500 and 19200 it is going to be sideways. Tomorrow above 19380 if sustained there can be a good up move. Below 19300, the downside move triggers. Also the 19220 is safe in daily TF which is the gateways to further fall in NIFTY. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19380 then we will long for the target of 19460 and 19545. For selling we need a 15 Min candle closes below 19300. T- 19230 and 19106. 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