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Niftyintradaylevels

#nifty"Good morning! As of July 25th, the global market is indicating a positive start, with GIFT Nifty showing a +45 point increase. There is no significant difference from the last session, suggesting a range-bound market structure. The market's nature is moderately bullish, and there is a possibility of a slight gap-up opening. If it sustains within the range, we can expect the market to continue without a correction. However, a correction may occur if it breaks below the immediate support zone."
NSE:NIFTY
by Manickamtraders
4
24 Jul ’23 Post Mortem on Nifty Bearish trend continuationNifty Analysis I was quite happy to see the last 45 to 60mts of trade happening in the direction of the trend. For days unknown we used to have dip buyers who come in at 14.30 to 15.00 and then change the dynamics all together. If you notice we had a good downtrending pattern developing on the 5mts TF. Ever since we broke down from 21st July, bears were able to form a lower low & lower high till now. Whether it replicates on the higher time frames only time will tell. We had 3 important price actions today 1. Gap down open and then a gap-closing rally till 10.30 wherein we recovered 79pts 2. Leg1 of downfall from 10.40 to 11.55 wherein we shaved off 113pts 3. Leg2 of downfall from 14.05 to close where we lost 118pts I was quite worried when the market started to recover from 12.00 to 14.00 - because if this swing high goes above the day’s range then I was almost sure the dip buyers will do the rest in the closing hour. Fortunately bears had a good day today, after a long long gap probably. Pushing down the prices on Nifty & Banknifty has been pretty difficult for the last 1 year! Bearish TrendLine Ideally the trend line should start from the point where we fell, but with the data so far it's hard to connect the dots. Once the pattern starts building up for a few more days - we will re-draw it with more accuracy. As it stands if Nifty keeps making lower lows and lower highs then its easy for bears to push down the prices. If we negate that pattern either with a news flow or event or even a reluctance to fall - we will lose the momentum to the bulls! We will continue going short till the swing high is not violated.
NSE:NIFTYShort
by viswaram
1
Nifty daily analysis for 25/07/23.Nifty on the daily charts have formed a red candle losing 72 points. The market has closed below 19700 and on the hourly charts, after taking multiple rejection from 20 ema, it closed below the levels. It has been trading in a parallel falling channel. It also gave a fake out but couldn't sustain above it. On the hourly charts, evening star pattern formation during the closing hour shows some negativity. Another flag and pole pattern formation can be there and after a consolidation phase, there are chances of a break out or break down. On 15 minute time frame, market has closed between both the moving averages. Support :- 19640, 19560 Resistance :- 19740-60, 19850 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
3
NIFTY Intraday Trade Setup For 25 Jul 2023NIFTY Intraday Trade Setup For 25 Jul 2023 Buy-Above 19785 Sl-19735 T- 19915 20045 Sell-below 19655 Sl-19705 T- 19554 19430 NIFTY has closed on a slight bearish note with 0.37% cut today. It was a volatile session where all up moves were sold into. Last week our swing long target was hit and then today our TSL was also hit below 19700. It was said that bullish sentiment likely to change on TSL. And today it was sensed when all up moves were shorted. 19785 and 19655 are important levels for tomorrow's session. No bullishness till we make a higher high structure in hourly TF. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19785 then we will long for the target of 19915 and 20045. For selling we need a 15 Min candle close below 19655. T- 19554 and 19430. 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
5
Nifty Trade Setup for 24-07-2023 Nifty important intraday levels to watch for 24-07-2023 #Support: 19706 Short if candle closes below #resistance: 19820 Long if candle closes above #Targets on downside after break of support. Target 1= 19600 Target 2= 19480 #Targets on upside after break of resistance. Target 1= 19880 Target 2= 19980 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
Nifty weekly analysis for 24/07/23.Nifty after the IT sector result was dragged 230 points lower losing 1.17% and forming a long upper wick on the weekly charts. On the daily fibonacci retracement, market took support around 38.2% levels and has respected it quite well. The market are in a bullish move and the retracement is also necesary for another leg. The bullish trend is technically correct and higher high higher low forming is also going on. RSI indicator, on the hourly charts, show some weakness in the strenght and there are chances of market retesting 50 to 61.8% fib levels as there is a bearish divergence in the indicator. The market has closed below 20 EMA, on the hourly charts, and traded whole day below it. Support :- 19730, 19635, 19570 Resistance :- 19840, 19993(ATH) A good bull market is going on. This is the 4th leg of the up move and chance are that the market can go for a sideways movemove or a short term bear phase before any up move. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
NIFTY Intraday Trade Setup For 24 Jul 2023NIFTY Intraday Trade Setup For 24 Jul 2023 Buy-Above 19825 Sl-19775 T- 19935 20045 Sell-Below 19700 Sl-19750 T- 19554 19430 NIFTY has closed on a bearish note last Friday with more than 1% cut. It was said that our swing long position is 20k which was almost hit, so a profit booking was obvious. We longed from 18460 then above 18900 we opted PDL as TSL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. On Friday it closed below so below 19700 we will book full position in long. If our TSL is hit then chances of a sentiment change will be there which means there can be a profit booking. Also all previous week's low have been safe, break of that also may trigger profit booking. However we need a proper bearish structure in daily TF to consider this or else it will be still bullish to sideways. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19825 then we will long for the target of 19935 and 20045. For selling we need a 15 Min candle close below 19700. T- 18554 and 19430. 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 - Prediction & Intraday Levels for - 24 Jul 2023Nifty Prediction for Monday: Sideways to Moderately BULLISH Nifty likely to Open Flat or Gap down, 19673 is the key level to watch if price sustains above we can take long entry for 20K next week Target. If any weakness and closes below 19642, lower targets are possible. 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!!
NSE:NIFTYLong
by ViVenTraders
21 Jul ’23 Post Mortem on Nifty Quite a predictable fall today!Nifty Analysis If you had read yesterday’s report, I am sure you would have anticipated the gap down today & the profit taking that followed. Today’s price action may not be a structural change or the start of the next bear rally (at least too early to comment). What I feel is, we have out run the fundamentals & need to give some time for it to catch up so that the next peak can be conquered. We opened gap down at 19798 and tried to close the distance, but had rejection near the 19880 levels. From there we fell strongly till 12.25 with no signs of retracement or reversal. Once the green candle started forming at 12.30, I drew the Fibonacci retracement levels. I kept yesterday’s close level as 1 and the intraday low formed at 12.25 as 0 - the purpose was to find if we have a continuation in downfall or a reversal to close the gap. I did share this on nifty minds - see here. Was this exercise worth it? Absolutely yes. 1. We saw the reversal at 09.25 came at 61.8% retracement level 2. The lower high formed between 13.30 to 14.00 came at 38.2% retracement level 3. The fall that followed and the break of the 0 level creating a new lower low almost gives us a good confidence that the fall in nifty is quite serious. Trades taken: I did go short as soon as markets opened to catch the moving bus. This was purely a gut decision and nothing to do with positional strategy. At 12.30 as soon as we had the first reversal of the day, I booked the existing short position & rolled down the option to catch more action. This new position was in loss till 14.15 after which we started falling below the low of the day, assessing this situation - I decided to carry forward the position overnight.
NSE:NIFTYShort
by viswaram
Nifty Expiry special trade setup ! Nifty important intraday levels to watch for 20-07-2023 #Support: 19760 Short if candle closes below 19760 #resistance: 19580 Long if candle closes above 19850 #Targets on downside after break of support. Target 1= 19720 Target 2= 19680 #Targets on upside after break of resistance. Target 1= 19910 Target 2= 20000 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
NIFTY Intraday Trade Setup For 21 Jul 2023NIFTY Intraday Trade Setup For 21 Jul 2023 Buy-Above 19995 Sl-19945 T- 20076 20161 Sell-Below 19920 Sl-19970 T- 19805 19684 NIFTY has closed on a bullish note once again with 0.74% gain. It opened flat and then buy triggered as per trade setup above 19855 and hit 1st target very smoothly. Trade gave a good momentum from 19855 till 19990+. So our 1st target in swing long (from 18460) position is hit finally. We are close to psychological level of 20k. One can book some if sell triggers as per trade setup in intraday and book full when opted TSL is hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then enjoy the open sky momentum. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19995 then we will long. T- 20076 and 20161. For selling we need a 15 min candle close below 19920. T- 19805. Below 19800 post bounce T- 19684. 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
20 Jul ’23 Post Mortem on Nifty, kissing distance of 20000Nifty is up an impressive 526pts ~ 2.71% between the last expiry & today. This is by far the most impressive breakout by Nifty. From the last known resistance level of 18880, nifty is up 6.07% ~ 1142pts in a span of 3 weeks. Guess what? My analysis went deeply wrong this monday when I exited the long position, I had a neutral call for this week and was expecting a rally by month end. I am not sad that I lost the opportunity cost of unwinding a long position on Nifty, but because my analysis failed to see this possibility. I was really hoping Nifty will consolidate this week, seeing through the RELIANCE demerger and make its play next week. As we are the apex point, there are no resistances & moving up was the easiest way! Daily Analysis Nifty was looking weak in the opening minutes, maybe because of the RELIANCE demerger effect. During the pre-open period till 09.15, Reliance settled for a price of 945 & we were all shocked. However the real pre-open for Reliance & Jio Financial price discovery was till 10.00 AM and it opened at a price of 2580 which was more or less what the participants were anticipating. Let us not take the credit out of Nifty50, after 10.00 Nifty made up the lost ground in a quick rally by 10.30. That was only a start. Nifty made an intraday swing of 232pts ~ 1.18% and the momentum was building up!. In fact it was banknifty that triggered this outperformance today, nifty was quick to catch up on this opportunity & take out its all time highs. The brand new ATH is 19991.85 just 8.15pts for the 20000 milestone. I stopped my long call when nifty was at 19540, from there we have gone up 450 pts. This is the first time my own analysis went against me, probably I may not get over that anytime soon! Whats next? Infosys declared its results and the signs of slowdown are quite evident. We have a situation where the banks are having good results overshadowing the rise in NPAs and ITs having lower than expected profit potential. Even the results from HUL was not looking good prima facie - but I am not quite sure if these factors will stop the bull run on Nifty! Remember markets can remain irrational till you are ….
NSE:NIFTY
by viswaram
Nifty daily analysis for 21/07/23.Nifty almost touched the 20k levels today and has closed near the high. Market are running higher and Bulls are taking on the sellers making it difficult for the option sellers today. On the hourly charts, the first candle was in red and after that whole day the market rallied upside. The breakout gave a good target and option premium gained more than 200% gains. Even during the last hour market kept on going higher without taking a halt and tried to touch the round figure levels. Support :- 19850, 19730 Resistance :- 20000 The market are in the bull market and no real resistance is there. Fibonacci retracement tool can be considered to find resistance levels. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum