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.
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Niftyintradaylevels
#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."
FASP levels for Nifty 16/08/2023The FASP for Nifty is listed for 16-08-2023. 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 Analysis 15-08-2023 Nifty is making lower low in smaller time frame.
Major trend is bullish, smaller trend is bearish.
Market is getting into a retracement
If nothing makes sense, then wait patiently to hit hard when trend change in smaller TF as well.
Do not trade random, wait for price to come to your level to have most favorable risk to reward trade set up.
14 Aug ’23 Post Mortem on Nifty | CPI comes at 7.44% RBI missed?After the trades on Friday, I modified my stance to 100% bearish. What other boon could I ask for when we had the opening 5mts better than expected? “The first target to take out will be the recent swing low of 19296. The next support comes at 19190.’ As soon as 19300 was taken out in the 2nd candle, my conviction for a bear rally was growing.
But that did not last long enough, the bears were unable to push down the prices further and this hesitation gave the confidence for bulls to make their move. There were 2 news/events that should have tipped the scale to the bear’s favor
Deloitte quitting Adani’s audits
Net Interest margin could take a hit, HDFC bank
The first news was speculative, it does not give any indication of the health of Adani’s finances (atleast for the general public). Auditors could resign for a number of reasons. Whereas the second news was more authoritative as it came from the CEO himself. The final impact ADANIENT down -3.29% and HDFCBK down -0.49% (not at all a big impact).
The bulk of the recovery was by RELIANCE, INFY and HUL and I am quite sure 99% of the traders would not have guessed Nifty will close in the green today. I had sights on 19500 CE at Rs19 levels which ended at Rs40 today. If I had any clue of the power of bulls, I would have grabbed on to this opportunity!
At the end of the day, what got formed is a classic double bottom at the support level of 19311 and a descending bearish trend line. If it goes like this - it becomes a falling wedge pattern which is not at all good for the bears.
Having said that, there is one piece of comforting news for the bears. The retail CPI inflation comes in at 7.44% a 15 month high. Guessing RBI made a big mistake of not hiking the interest rate last thursday.
I continue to remain bearish as of now, if the support level is getting broken in the next session - it's an advantage. If not the wedge (triangle) will catch up and it could even mean a reversal of trends.
Nifty Daily Support and Resistance LevelsNifty 50 Support and Resistance levels- took lot of time to analyse and mark these for you guys and these are marked for a reason that prices may breakdown or breakout from these levels, also can stay in these range for a long time (if R1 not broken)
Utilise these levels with other indicators to make your trading MORE profitable.
Please do like and let me know if you want levels for any other scripts :)
NIFTY Intraday Trade Setup For 16 Aug 2023NIFTY Intraday Trade Setup For 16 Aug 2023
Bullish-Above 19470
Invalid-Below 19420
T- 19560 19655
Bearish-Below 19340
Invalid-Above 19390
T- 19250 19150
NIFTY has closed absolutely flat today. It opened with a small gap down, below our sell level and fun fact is that 1st target was achieved in the 1st candle itself. Later it shot up till day high from the 1st support zone. 10 o'clock range broke upside, gave around 70 points gain. It has formed a Pin bar candle in daily TF so above 19470 we can expect bullishness. For fast downside move level is 19250 while we will short below 19340.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19470 then we will long for the target of 19560 and 19655.
For selling we need a 15 Min candle close below 19340. T- 19250 an 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"Good morning! As of August 14th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), There is no significant difference from the last session. While the market trend is bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. or if it breaks it(immediate support zone), then the correction will likely continue. On the other hand, if the initial market shows a positive start, we can expect a ranging market."
NIFTY Intraday Trade Setup For 14 Aug 2023NIFTY Intraday Trade Setup For 14 Aug 2023
Bullish-Above 19495
Invalid-Below 19445
T- 19575 19655
Bearish-Below 19410
Invalid-Above 19460
T- 19285 19175
NIFTY has closed on a slight bearish sentiment last week and day with 0.45% and 0.59% cut respectively. Last week we planned that we will re-enter the short trade below 19560 if triggered again. Now this is active, targets are already discussed which is near 18750 zone. It is likely to go in flow below 19290 if closed in daily TF. As of now index is in decline phase where it will be sideways-bearish. No planning of buy till we get a previous swing high breakout in daily TF.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19495 then we will long for the target of 19575 and 19655.
For selling we need a 15 Min candle close below 19410. T-v19285 and 19175.
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 Key weely Trading Levels 14th Aug-18th Aug 2023Nifty50 Key weely Trading Levels 14th Aug-18th Aug 2023
Looking for profitable Options trading opportunities for the week of 14th Aug-18th August 2023. In this video, I'll be sharing the option buying and selling levels for Nifty50, Banknifty & Finnifty for the week 14th Aug-18th 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 weekly analysis for 14/08/23.Nifty is taking a retracement and on the weekly charts have formed an inside candle. The market took a retest to 50% fibonacci levels and recovered.
Trend is still bullish as the major trend is in the upward direction and this might be just a retracement. Though the market is stuck in a small range and there are chance of a breakout in the upcoming week.
The market has closed below the 20 ema on daily charts, which signifies some bearish trend in the short term. Directional market is not there as it is behaving in a volatile and sideways mode.
On the hourly charts, there is a formation on lower low lower high and market is following a bearish trend. Nifty has closed below both the moving averages and is now standing around 19400 levels.
In the first trading hour market took resistance from 20 ema and closed even below the 200 ema, traded around it and finally formed an evening star taking resistance from the levels.
On 15 minutes time frame, the closed is below both the moving averages and the market still looks bearish.
Support :- 19300, 19185
Resistance :- 19500, 19580
The market has closed just below the support level and another support is 100 points lower. If market starts trading below previous day's low, bearish move will be there.
Gap up and gap down opening will take the opportunity away as it will be stuck in a range.
Wait for the price action near the levels before entering the market.
FASP levels for Nifty 14/08/2023The FASP for Nifty is listed for 14-08-2023. 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.