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Niftyintradaylevels

25 Aug ’23 Post Mortem on Nifty - reversal in trend, below wedgeFor the last two days both my predictions have gone wrong. On 23rd Aug I recommended a long but we closed in negative territory. On 24th I recommended a neutral stance, but we went deep red today. On both the occasions, I had mentioned the rationale on why I have taken that decision and how I may react if the market makes a different move. Today we opened gap down right at the support/resistance zone of 19310 and went down quite strongly in the first candle. From there Nifty made 2 attempts to breach this SR and go up - but failed. We woke up to bad news from the US that FED & its commitment to bring inflation to the 2% band. What this did to our markets is bring about a reversal in trend. Just the previous day we had a breakout from a falling wedge pattern and Nifty was breaking free to take out the 19700 levels - but this cut short. This is what I said in yesterday’s report “For tomorrow I wish to change my stance from bullish to bearish. If we trade above the trend line for more than an hour - I wish to go long. And if we fall below 19310 - I wish to go short. Till then prefer to stay neutral.” I took the short position right at the open as my short criteria met. But the position is still not so profitable as the market did not fall further. I was hoping for more than a 1%+ fall today. I have made a modification to the 1hr TF. The newest addition is the bottom trend line which is almost parallel to the top bearish line. The reason to bring this up is to find out what will happen since the support was breached. Since Nifty was respecting the bottom trend line on 4 previous occasions, I expect it to comply going forward also. For Monday 28th Aug I wish to change stance from neutral to bearish with a stop loss just above 19310 if it stays there more than an hour. My next strong support comes at 18880 which means the fall could be quite deep.
NSE:NIFTYShort
by viswaram
Nifty Trading Plan for Monday 28 Aug Nifty Support & Resistance is the Best Nifty Trading Indicator for Day Trading it is also called Nifty Price Action Strategy Support Zones for Nifty are as Given Below S1- 19180 S2- 19050 S3 -19000 Resistance Zones for Nifty are as Given Below R1- 19270 R2 -19370 R3 -19440 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis -0.75 ( Bearish) Max Pain As per Option Chain Analysis -19300 Major Resistance as Per Nifty Open Interest Analysis -19400 Major Support as Per Nifty Open Interest Analysis - 19000 Long Opportunity in Nifty for Intraday Trading On Friday Nifty CLoses below 19260 On Monday First Buying opportunity will be above 19315 Upside Targets for Nifty are 19370,19440 Nifty Short opportunity As we Know Nifty is in a short-term Down Trend, If Not sustained below 18270 then it's a short opportunity and the target is 19180, 19050, If you want to take a short trade keep a small stop loss.
NSE:NIFTY
by manojshinde27
Nifty Trading Plan for Friday 25 Aug Nifty End-of-Day Analysis Helps Traders to Understand the Nifty Sentiment and Identify Potential Trading Opportunities for the Next Trading Day Support Zones for Nifty are as Given Below S1- 19367 S2- 19303 S3 -19260 Resistance Zones for Nifty are as Given Below R1- 19440 R2 -19480 R3 -19515 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis -0.65 ( Bearish) Max Pain As per Option Chain Analysis -19400 Major Resistance as Per Nifty Open Interest Analysis -19400 /19450 Major Support as Per Nifty Open Interest Analysis - 19300 Long Opportunity in Nifty for Intraday Trading On Expiry Nifty CLoses at 19370 On Friday First Buying opportunity is Near 19370 Upside Targets for Nifty are 19440,19480 Nifty Short opportunity As we Know Nifty is in a short-term Down Trend, If Not sustained below 18360 then it's a short opportunity and the target is 19260, 19180, If you want to take a short trade keep a small stop loss.
NSE:NIFTYShort
by manojshinde27
Nifty daily analysis for 25/08/23.Nifty after a gap up opening gave a selling and closed below the 20 ema and has formed an engulfing candle. On the hourly charts, after the first hour is came for selling and continued the sell off, closing 57 points lower near the support level and below both the moving averages. Global market are too trading in negative and if nifty starts trading below 19250 levels there will be a panice selling as it has bounced from that levels and the support is becoming weak. On 15 minutes chart, the moving averages are close enough and there will be a bearish cross over if there is another sell off. There are chance of a bearish trend as a fake out has been proved in nifty. Though, banknifty tried to remain in the green but has closed only 17 points higher which is a flat closing. Support :- 19370, 19260 Resistance :- 19480, 19550 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
NIFTY Intraday Trade Setup For 25 Aug 2023NIFTY Intraday Trade Setup For 25 Aug 2023 Sell_1- From 19510 Sl-19560 T- 19440 19370 Sell_2- Below 19365 Sl- 19415 T- 19295 19210 NIFTY has closed on a slight bearish note with 0.29% cut. It opened with a big gap up today and 10 o'clock range broke downside below 19509 and last swing high/sl was 19521. Trade gave great gain of 130 points. It has formed a big bearish candle and chances of a continuation tomorrow is probable. On flat opening below 19365 we will short but later that will be our TSL/ reversal point. On flat/gap up opening 19510 will be a good resistance to short from. In case of gap down opening if range 10 o'clock range breaks upside then we will buy. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 19365 then we will short for the target of 19295 and 19210. 2nd sell position will be from 19510 and we will consider only on flat/gap up opening only. 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
24 Aug ’23 Post Mortem on Nifty + weekly analysis - neutralNifty Weekly Analysis Between the last expiry and today, Nifty has just gone up by 32pts ~ 0.17%. But this week has seen a wide swing of 332pts ~ 1.72% i.e from the low of the week to the high of the week. The drama mostly in today’s price action which we will be discussing shortly. Nifty Daily Analysis Today’s price action was action filled with drama right from the start. A mega gap up open of 94pts ~ 0.49% and then a steady climb of another 47pts to hit the HOD @ 19584. And from there a totally unexpected reversal that brought Nifty back to the falling wedge pattern. The gap up was expected mainly because of the breakout we saw in banknifty (which had exited the falling wedge pattern) + the good handouts from the global markets. India also landed Chandraayan on the Moon which would have built the euphoric levels. From the report yesterday, I advised to go long and personally I took the long position as soon as we opened. The further upmoves reinforced my decision. But the reversal started happening, I had to buy some PUTs to save my long CALLs. I was hoping the pullback will not close the gap - the real surprise came when it went below the falling wedge pattern - more or less negating the gap-up & breakout possibilities. On the 1hr TF you can notice the magnitude of the gap we had and the intensity of the shorts that followed. The momentum was so deep to pierce through the bearish trendline (blue color) with so much ease. Another 60+ points fall would have forced me to go short today. For tomorrow I wish to change my stance from bullish to bearish. If we trade above the trend line for more than an hour - I wish to go long. And if we fall below 19310 - I wish to go short. Till then prefer to stay neutral.
NSE:NIFTY
by viswaram
Expiry Special Analysis NIfty Intraday levels || Hero & Zero dayGood Morning Everyone, First of all Being an Indian i want to congratulate all the Indians that CHANDRAYAN-3 GOT SUCCESSFULLY LANDED ON CHANDAMAMA (MOON) Guy's, we have done what is very difficult for many countries to even think. Really a great job done by our ISRO Scientist team, they are really a Real Super Heros in actually for our country, they just made us proudful. Now we are the 4th country who has done this miracle. Guy's there is a saying NEVER GIVE UP, and India is the example for that, after the failure of Chandrayan-2, Our scientist has done well and they have made a huge come back, this is really a Grand Success for them. Sorry guy's this has been little lengthy in writing all this but i really want to Motivate the Traders and Investors that NEVER GIVE UP, keep learning and practicing the things, Success is on the way, your time is coming guy's. Now let's focus on Nifty levels and Today's expiry day Analysis:- Guy's i have analysis of daily time frame and i found a Dogi candle on daily timeframe. I think from here if nifty goes past and holds above 19500, then it can move towards 19650 but in case of a fall, then we will see another round of selling pressure in NIfty. Yesterday Nifty has not done well as compare to other indices specially banknifty, After opening higher at 19439, Nifty gave up all the gains in early in morning and made low at 19366 and then after doing some time pass over there it has come again up and did not survived above 19450. i had told you guy's in last day nifty analysis that nifty is trading in a range (19450-19379) and we have seen same volatility in yesterday sessions. Alright guy's Now we have to watch 19500 levels, if that got breakout successfully then 19650 will coming soon. Important levels for Nifty:- Support zone 19350-19370 Resistance zone 19450-19470 Best buy will be when nifty cross above 19475 and sustains at least for 30 mints. Targets we can see in upside 19555/19602+ Keep stop loss at 19425 Best sale levels will be, once nifty breaks 19360 and sustains at least for 30 mints. Targets we can see in downside 19299/19242- Keep stop loss at 19425 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
23 Aug ’23 Post Mortem on Nifty - India Lands on Moon 🌒🌓🌕Nifty also closed in the green today but did not have as much momentum as BankNifty today. The first divergence happened in the opening 1 hr where Nifty gave up 0.43% ~ 83pts even after having a gap-up opening. The real reasons for a gap-up opening was not clear as the Global hand-out was not that positive. Traders including me were looking for breakdown possibilities as the 5mts candles at 09.15, 09.25 and 09.50 had so much force. Since Banknifty started reversing the trend and was showing a breakout possibility, I did not adventure getting into shorts on Nifty50. Once the momentum was set by the breakout on BN, Nifty also caught up to it. There were still many sectors in red - Auto, Commodities, Consumption, Energy, FMCG, Pharma & Metal. This indicated that the rally in Nifty will not be as powerful as BankNifty. The reason I drew 2 bearish trend lines yesterday makes more sense today. If we go by the orange line - it means we already had a falling wedge breakout. If we go by the blue - we are yet to break it. Tomorrow’s opening minutes will give us the exact answer to that question. Personally I feel we are yet to break out and the blue line is more accurate. To have a real breakout, almost all the sub-sectors also has to be in green. Since Banknifty has already broken out, the probability has shifted into a similar trade direction for Nifty as well. I wish to change my stance from neutral to bullish for tomorrow. If the breakout fails or we hit the 19310 level tomorrow, I might have to fall back.
NSE:NIFTYLong
by viswaram
NIFTY Intraday Trade Setup For 24 Aug 2023NIFTY Intraday Trade Setup For 24 Aug 2023 Bullish-Above 19475 Invalid-Below 19425 T- 19545 19615 Bearish-Below 19415 Invalid-Above 19465 T- 19335 19250 NIFTY has closed on a slight bullish note with 0.25% gain today. It was a bit range bound unlike BNF. It was inside yesterday's range for the majority of time. Buy triggered in the 2nd half which ended at cost EOD. Nifty is near key resistance in hourly TF where break of 19485 will initiate a bullish reversal move. 19475 and 19415 are important levels for tomorrow's session. Good momentum can be expected on this range breakout. Upside momentum depends upon 19500 CE short covering. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19475 then we will long for the target of 19545 and 19615. For selling we need a 15 Min candle close below 19415. T- 19335 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.
NSE:NIFTY
by Omahto
#nifty"Good morning! As of August 23rd, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might open neutrally, suggesting a ranging market. If it breaks yesterday's high after the neutral opening, we can expect a pullback continuation. On the other hand, if the initial market declines, it will likely undergo a minimum 78% Fibonacci correction. After that, if it rejects around the 78% level, we can expect a pullback. Conversely, if it consolidates or breaks the 78% level, the correction is likely to continue."
NSE:NIFTY
by Manickamtraders
Nifty Intraday Levels 23/Aug/23Good Morning Traders, Guy's yesterday Markets traded range bound and ended almost unchanged amid mixed cues. After the marginal uptick, the Nifty oscillated in a narrow band and finally settled around the day's low to close at 19396.45 levels. (FII) sold shares Rs. 495.17 crore, whereas (DII) Purchased Rs. 533.75 crore worth of stocks on yesterday session. On the technical front, the market is witnessing a non directional activity on the higher side and finding resistance near 19450, while on the lower side the index is regularly taking support near 19375. Any fresh uptrend is possible only after the breakout of 19450, and then nifty could rally til 19500-19550+, On the lower side breakdown of 19375, can take nifty towards 19300-19250 levels. Important Levels for Nifty- Support zone 19355-19375 Resistance zone 19430-19450 Buy above 19450, if levels sustains at least for 30 mints Targets we can see in upside 19524/19603 Keep stop loss at 19369 Sale below 19369, if levels sustains at least for 30 mints Targets we can see in downside 19299/19242 Keep stop loss at 19450 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
2
22 Aug ’23 Post Mortem on Nifty - stance remains NEUTRALYesterday we had a neutral stance for Nifty and a bearish stance for BankNifty. If you were watching every 5mts candle today, you wouldn't believe how we ended up getting Nifty at +0.01% and BankNifty down 8.75pts. Nifty makes a beautiful rounded top formation today, will wait for tomorrow to see if we get the cup & handle formation. As soon as the day started it was pretty clear that we will not have any major movements today. The reason being absolutely low options premium on FinNifty which had expiries today. Usually Finnifty (which is quite liquid these days) shows some excitement in options premium if a directional trend exists. And since it sucks out the liquidity from banknifty and nifty - we see jumps in their premiums as well (OTM). Since those jumps were not there today, we assumed it was going to be a flat day. Well the data did not disappoint - we did have a flat day, but the price action was nothing as expected. Never ever thought we will get a rounded top formation. If we look at the 1hr TF - we are still inside the falling wedge pattern. I just drew one more descending channel (orange color), the rationale being a few gaps in the prior session. See the blue circled regions, nifty failed to reach till the original trend line (blue color) in those instances. Do not worry, we will decide which one to keep by this Friday. I am continuing my neutral stance for Nifty50 for tomorrow. If we fall below 19260 tomorrow, I will go bearish. If we take out the 19460 levels - I will go bullish.
NSE:NIFTY
by viswaram
Nifty daily analysis for 23/08/23.Today the market has killed the option buyer as it has consolidated in a small range of 60-70 poits. Nifty has formed a halt candle and has closed flat on the daily charts. On the hourly chart, nifty traded in between the moving averages, taking resistance from 200 ema and support from 20 ema. A good consolidation is going on in the market and trend market is nearby. On 15 minutes chart, moving averages are close enough and market has closed below both the moving averages. Support :- 19360-80, 19300 Resistance :- 19480, 19550 Nifty has formed a support around 19400 levels and there are chance of market finally deciding the trend as it has been in consolidation phase for 3-4 trading session. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
NIFTY Intraday Trade Setup For 23 Aug 2023NIFTY Intraday Trade Setup For 23 Aug 2023 Bullish-Above 19445 Invalid-Below 19395 T- 19510 19595 Bearish-Below 19380 Invalid-Above 19430 T- 19315 19249 NIFTY has closed on an absolute flat note today. It was heavily range bound. Index traded within a tiny range of less than 70 points. Buy triggered as per trade setup which did not hit target nor sl. Tomorrow we will simply build our trade on today's market range. 19445 and 19380 are important levels for tomorrow's session. Key support and resistance are 19500 and 19250 zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19445 then we will long for the target of 19510 and 19595. For selling we need a 15 Min candle close below 19380. T- 19315 and 19249. 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 22/08/2023The FASP for Nifty is listed for 22-08-2023. 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