Niftyintradaylevels
#NIFTY Intraday Support and Resistance Levels - 13/07/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19410 level and then possible upside rally up to 19540 in today's session. in case nifty trades below 19360 level then the downside target can go up to the 19230 level.
#nifty"Good morning! As of July 13th, the global market is showing a neutral start with a moderately bearish market sentiment. It might open with a slight gap-down. If it sustains, we can expect a continuation of the correction with minor pullbacks. Conversely, if the initial market experiences a sharp pullback, then the range market will continue. We can expect a rally only if the market breaks the previous high."
NIFTY Intraday Trade Setup For 13 Jul 2023NIFTY Intraday Trade Setup For 13 Jul 2023
Buy-Above 19520
Sl- 19470
T- 19630 19745
Sell-Below 19360
Sl- 19410
T- 19271 19181
NIFTY has closed on a bearish sentiment with 0.28% cut today. It has closed below PDL so today's low is very important. If today's low is breached then our TSL in long will be hit. Also there can be change in trend and sentiment on TSL. The next bullish momentum will be triggered above 19525. Moreover this week is turning declined sideways. Sell triggered at the time of closing so no trade was triggered as per trade setup. However 10 o'clock range broke downside and gave around 70 points.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19520 then we will long for the target of 19630 and 19745.
For selling we need a 15 Min candle close below 19360. T- 19271 and 19181.
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 daily analysis for 13/07/23 (weekly expiry).Nifty is unable to cross above the high and has given a nice selling candle in the last hour.
The market today was in a sideways mood and consolidated in 40 points range during the middle hours and cracked down closing below the support level of 19400.
On the hourly charts, market traded around the 20 ema and closed below it.
Either side market is not giving any trend and option traders during the first and the last hour might have gained some points, else they might have given the stop losses.
On 15 minutes time frame, the market has closed between both the moving averages. And has given a down trend formation.
Support :- 19300, 19250
Resistance :- 19400, 19500
Tomorrow is weekly expiry and market has given trend moves both side in this week. Watch for the move and huge points can be capture if there is a fall.
Wait for the price action near the levels before entering the market.
Nifty Trade Setup for 12-07-2023Nifty Important intraday levels to watch for 12-07-2023
# Support : 19420
Short if candle closes below 19420
# resistance : 19460
Long if candle closes above 19460
#Targets on downside after break of support.
Target 1= 19360-19350
Target 2= 19300
#Targets on upside after break of resistance.
Target 1= 19500-19525
Target 2= 19585
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#NIFTY Intraday Support and Resistance Levels - 12/07/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19460 level and then possible upside rally up to 19580 in today's session. in case nifty trades below 19440 level then the downside target can go up to the 19320 level.
#niftyGood morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market for correction. Conversely, if the initial market experiences a sharp decline, then the correction will continue.
NIFTY Intraday Trade Setup For 12 Jul 2023NIFTY Intraday Trade Setup For 12 Jul 2023
Buy-Above 19520
Sl-19470
T- 19630 19745
Sell-Below 19400
Sl-19450
T- 19290 19181
NIFTY has closed with 0.43% gain today. Buy triggered as per trade setup above 19410 and hit our 1st target very smoothly (19410-19515). 19500 region was our target and it totally crashed after that. It has closed with positive gains but it ended on a bearish note. Below 19400 there can be good selling pressure as per the shooting star candle in daily TF. Above 19520-25 we will give a sharp rally. Also our TSL in long from 18640 is still intact.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19520 then we will long for the target of 19630 and 19745.
For selling we need a 15 Min candle close below 19400. T- 19290 and 19181.
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.
FASP levels for Nifty 12/07/2023The FASP for Nifty is listed for 12-07-2023. 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 | 11th JulyNifty has formed bearish price action, be cautious on buying particularly for tomorrow.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19440
Sell Below - 19300
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InvestPro India Team
#nifty"Good morning! As of July 11th, the global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. On the other hand, if it rejects the immediate resistance zone, it will turn into a range market for correction. Conversely, if the initial market experiences a sharp decline, then the correction will continue."
#NIFTY Intraday Support and Resistance Levels - 11/07/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19390 level and then possible upside rally up to 19510 in today's session. in case nifty trades below 19340 level then the downside target can go up to the 19220 level.
NIFTY Intraday Trade Setup For 11 July 2023NIFTY Intraday Trade Setup For 11 July 2023
Buy-Above 19410
Sl-19360
T- 19500 19620
Sell-Below 19325
Sl-19375
T- 19225 19123
NIFTY has closed almost flat today with slight gain of 0.12% gain today. It formed an inside candle in daily TF which is a sign of contraction/consolidation. Today was an important day for our swing long position as Friday's low was our TSL. Now we need another candle which closes below PDL for our TSL. It was a volatile session since opening. Buy triggered as per trade setup which hit sl.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19410 then we will long for the target of 19500+ and 19620 above 19525.
For selling we need a 15 Min candle close below 19325. T- 19225 and 19123.
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.
10 Jul '23 Post Mortem on Nifty A Calm Before The …?The day started with a gap up at a 50% level between the high & low of the last session. From there we saw 2 to 3 candles of fall, but nothing serious to retest yesterday's swing low.
From 09.35 to 10.40 we had a good rally up to the 61.8% retracement levels. And then we had a fall of 0.54% ~ 104pts till 12.05. A small pullback till 13.55 and then a fall again of 0.4% ~ 77pts to the same 19334 levels.
Why is 19334 level so much interesting, read the 03 Jul analysis. The interesting part is that even though we had 2 falls today & the price action from the previous day also showed bearishness - I went long today (will explain the rationale shortly).
Trades Taken
The first trade taken around 10.24 AM when N50 was surging. I exited the bearish credit spread of 19500/19600 CE at a negligible profit & went long by initiating bullish credit spread of 19400/19300 PE.
19400 PE sold for 70.2 & 19400 PE bought for 36.05. At that particular timestamp the trade felt okay and hence punched. After the day's close & analysis - I feel it was not that necessary. Nifty was not that bullish nor bearish today - it was just a calm day.
If N50 falls tomorrow, I will have to exit the bullish credit spread at a loss and re-enter the bearish credit spread. Lets hope today's time decay will give some advantage!
Nifty daily analysis for 11/07/23.Nifty today consolidated and remained in a 100 points range. The market tested the lower levels of 19330 and recovered from the levels.
Market on the daily time frame, has formed an inside candle and has closed below the 20 ema on the hourly charts.
It is holding and recovering from the lower levels which signal a positive move in the coming days.
On 15 minute charts, market constantly traded around the 20 ema and ruined the option buyers.
Support :- 19330, 19240
Resistance :- 19430, 19500
Wait for the price action near the levels before entering the market.
#NIFTY Intraday Support and Resistance Levels - 10/07/2023Nifty will be gap Down opening in today's session. After opening nifty start trading below 19310 level and then possible downside rally up to 19180 in today's session. in case nifty trades Above 19350 level then the upside target can go up to the 18470 level.
#nifty"Good morning! As of July 10th, the global market is showing a negative start with moderately bearish market sentiment. It might open with a gap-down. If it breaks the immediate support zone after the opening, we can expect the correction to continue. On the other hand, if the initial market experiences a sharp pullback, we can expect a minimum of 38% to 61% Fib pullback. After that, if it sustains, we can expect the pullback to continue. however, if it takes decline then we can expect correction continuation"
NIFTY Intraday Trade Setup For 10 Jul 2023NIFTY Intraday Trade Setup For 10 Jul 2023
Buy-Above 19420
Sl-19370
T- 19523 19620
Sell-Below 19300
Sl-19350
T- 19213 19121
NIFTY has created a bearish sentiment on Friday ending the day with 0.85% cut. We have longed from 18460 and its TSL we followed is still intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit. On Friday it closed below PDL and now if it breaks its low- 19300 then our TSL will be hit and will exit the longs. Next bullish momentum above 19525. For a sell it has to make a bearish price structure in daily TF.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19420 then we will long. T- 18523 19620.
For selling we need a 15 Min candle close below 19300. T- 19213 and 19121.
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.