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Niftyintradaylevels

#nifty"Good morning! As of August 11th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend is moderately 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."
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 11 Aug 2023NIFTY Intraday Trade Setup For 11 Aug 2023 Bullish-Above 19650 Invalid-Below 19600 T- 19745 19845 Bearish-Below 19490 Invalid-Above 19540 T- 19381 19280 NIFTY has closed on a bearish note with 0.46% cut today. Nothing triggered as per trade setup today. It was discussed that if it opens gap down then 19530 zone can act as a support and it gave a small bounce of more than 50 points. It was volatile and then turned sideways as IV cool off after RBI announcement. Important levels are 19650 and 19490 for tomorrow's session to look for breakout. In case of a flat opening above 19560 there can be some bounce, however buy level is 19650. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19650 then we will long for the target of 19745 and 19845. For selling we need a 15 min candle close below 19490. T- 19381 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
10 Aug ’23 Post Mortem on Nifty + weekly expiry analysisNifty Weekly Analysis Between the last expiry day and today, Nifty has managed to rise 152pts ~ 0.78% which is a good sign for the bulls. This flattish phase was much required after Nifty picked up a direction from 21st July. The technical analysis points to a trend continuation possibility and should be good for the bears! Nifty Today Analysis Today’s move was very much influenced by the RBI MPC decision on Repo rate & Cash reserve ratio. We will discuss that in detail as part of banknifty’s analysis (below). If you recollect yesterday we had an unusual spike in the last 1 hour & most of the traders including me were not expecting that. What happened today was to negate that move in the opening 1hr. I assume many traders would have taken the stop loss hits both times (1 yesterday and 1 today). After the 1st hour move - nifty did not really go anywhere. If you notice the chart above the price levels at 14.30 yesterday & the close today is the same. The 100pts in the last 1hr yesterday and the 128pts between 10.20 to 10.40 today was just a roller coaster ride for thrills. The OTM options premiums were reflecting this perfectly - neither did we have a major spike yesterday nor today. So the big boys were quite expecting this. The 1hr chart shows how nifty has managed to close right at the trend line today. If we have a gap down opening tomorrow - the bears will feel confident to push down the prices further. The first target to take out would be the 19300 levels. On the other hand if we have a gap-up opening, the bulls will have to take control to breach the 19690 levels which will negate the lower-high formation. My stance is 80% bearish and 20% neutral for tomorrow.
NSE:NIFTYShort
by viswaram
NIFTY Intraday Trade Setup For 10 Aug 2023NIFTY Intraday Trade Setup For 10 Aug 2023 Bullish-Above 19650 Invalid-Below 19600 T- 19745 19843 Bearish-Below 19465 Invalid-Above 19515 T- 19375 19280 NIFTY has closed on a bullish note with 0.32% gain today. It has formed a Pin bar candle in daily TF so we can expect some more bullish momentum above 19650, if sustained post 10o'clock or in 15 Min TF. Today it opened flat and sell triggered as per trade setup and gave more than 1:1 gain later it formed reversed structure and reversed. In case of a gap down 19535 zone will act as a support. For a trendy short we have to wait for 19465 breakout. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19650 then we will long for the target of 19745 and 19843. For selling we need a 15 Min candle close below 19465. T- 19375 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
NIFTY Intraday Trade Setup For 09 Aug 2023NIFTY Intraday Trade Setup For 09 Aug 2023 Bullish-Above 19635 Invalid-Below 19585 T- 19737 19843 Bearish-Below 19530 Invalid-Above 19580 T- 19430 19341 NIFTY has closed on a slight bearish note with minor cut of 0.13% cut today. Since last 3 sessions index has lost momentum. Nothing triggered as per trade setup. Usually this type of contraction or momentum happens before any event/ big move. Lets see when momentum unfolds. 19635 and 19530 is the 100 points range for tomorrow's session to look for breakout. Tomorrow whichever side it trade gets triggered follow 10 o'clock range breakout along with that. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19635 then we will long for the target of 19737 and 19843. For selling we need a 15 Min candle close below 19530. T- 19430 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.
NSE:NIFTY
by Omahto
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.
NSE:NIFTY
by Omahto
1
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.
NSE:NIFTY
by Omahto
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.
NSE:NIFTY
by Omahto
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.
NSE:NIFTY
by TheMamboMomentum
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.
NSE:NIFTY
by Omahto
2
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.
NSE:NIFTY
by Omahto
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. 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.
NSE:NIFTY
by InvestyourAsset
#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.
NSE:NIFTY
by Manickamtraders
1