NIFTY Intraday Trade Setup For 28 Jun 2023NIFTY Intraday Trade Setup For 28 Jun 2023
Buy-Above 18830
Sl- 18780
T-18921 19013
Sell-Below 18770
Sl- 18820
T- 18700 18630
NIFTY has closed on a bullish note with 0.68% gain today. It gave a fantastic move after the breakout of symmetric triangle. Buy triggered above 18725 and hit our 1st target very smoothly. Trade gave more than 100 points gain (18725-18829+, 1:2). We are likely to hit a fresh ATH tomorrow if today's high is sustained. 18830 and 18770 are important levels for tomorrow's session. Be strict in trailing with trade triggers.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18830 then we will long for the target of 18921 and 19013.
For selling we need a 15 Min candle close below 18770. T- 18700 and 18630.
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.
Niftyintradaylevels
NIFTY Intraday Trade Setup For 27 Jun 2023NIFTY Intraday Trade Setup For 27 Jun 2023
Buy-Above 18725
Sl-18675
T- 18821 18920
Sell-Below 18640
Sl-18690
T- 18550 18450
NIFTY has closed with a slight gain of 0.14% today, almost flat note. It has formed a spinning top candle in daily TF which is a sign of indecision. Nothing triggered as per trade setup as it was sideways between the 10 o'clock range itself. It traded in a narrow range of 75 points between 18722 and 18647. Tomorrow we will simply trade on this range breakout. Be very strict in trailing with proper market structure in 5 and 15 Min TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 18725 then we will long for the target of 18821 and 18920.
For selling we need a 15 Min candle close below 18640. T- 18550 and 18450.
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 - Prediction & Intraday Levels for - 27 Jun 2023Nifty Tomorrow:
Moderately BULLISH up to 18750
Nifty likely to Open flat or small gap up around 18700 level, if sustains above 18725 supply zone 18750 will get tested. My view is still BEARISH where at 18750 level I will look to take SELL entry with price action confirmation for Target of 18650/18580
BULLISH trend only above 18800
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!!
Nifty daily analysis for 27/06/23.Nifty is taking support around its 20 EMA on the daily charts. Banknifty is trading below the moving average but nifty is still holding the level and seems to be stronger.
On the hourly chart, nifty has closed between both the moving averages and for last two trading session has been trading in a single candle range.
Consolidation is there in the market and a good break out or break down can be seen.
On the smaller time frame, for intraday trading, market is taking serious rejection from the 20 EMA and closed below the moving averages.
Support :- 18620, 18560
Resistance :- 18760, 18890
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 26 Jun 2023NIFTY Intraday Trade Setup For 26 Jun 2023
Buy-Above 18750
Sl-18700
T- 18835 18920
Sell-Below 18645
Sl-18695
T- 18550 18450
NIFTY has closed on a bearish note with 0.85% cut last week. Our swing target which we longed from 18460 was almost achieved, only 1 point was missed from ATH. As of now the next upside possibility opens above 18900 only. Meanwhile we broke the hourly trendline support. Support will be regained if we grip 18860 again in the very next few days. Hourly range is 18640 and 18900. This range breakout will give us the next directional move. Or else we will have sideways momentum majority of the time in intraday. On this range breakout we can test 18400-50 in the downside and sky is open in the upside.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18750 then we will long for the target of 18835 and 18920.
For selling we need a 15 min candle close below 18645. T- 18550 and 18450.
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 weekly analysis for last week of June (26/06/23).Nifty has almost touched the high and given a marabozu candle on the weekly charts. The market on the higher time frame is forming a double top pattern.
Market, on the daily time frame, is taking support from the 20 EMA and has closed below the recent support level of 18680. If the fall continues, there are chances of market testing 18500 levels.
In the last trading session, nifty traded inside the first hour candle and closed between both the moving averages, on hourly charts.
There is a bearish moving averages cross over, on 15 minutes charts.
Supports and resistances are close by and market is yet to decide the trend. June session was all in a confusion state and only last week is left.
Support :- 18615, 18560
Resistance :- 18760, 18890
Nifty has consolidated in the range for 10 days. Break down will pull the markets down to lower levels and even the Global markets are showing some negativity.
Wait for the price action near the levels before entering the market.
Nifty50 Weekly Key Trading levels 26th-30th June 2023 Nifty50 Weekly Key Trading levels 26th-30th June 2023
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 Intraday Support and Resistance Levels - 23/06/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 18750 level and then possible downside rally up to 18630 in today's session. in case nifty trades above 18800 level then the upside target can go up to the 18930 level.
NIFTY Intraday Trade Setup For 23 Jun 2023NIFTY Intraday Trade Setup For 23 Jun 2023
Buy-Above 18890
Sl-18840
T- 18973 19058
Sell-Below 18755
Sl-18805
T- 18655 18550
NIFTY has closed on a bearish sentiment with 0.45% cut today. It is just consolidating at ATH since last 4 sessions. ATH has become a ceiling now. Breakout will give us the next directional move. For selling we need a proper bearish price structure in daily TF. Today it traded inside previous day's range almost the whole day. Only after 2 PM sell triggered which did not give us the target due to closing bell. 18817 is the mid point for tomorrow's session. 18890 and 18755 are the trade trigger levels.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18890 then we will long for the target of 18973 and 19058.
For selling we need a 15 min candle close below 18755. T- 18655 and 18550.
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 22nd june 2023 (Expiry special)Nifty has strong trendline support at 18818 level and strong resistance at 18888 level.
possibility of short covering on CE side so nifty can touch all time high and can be high 19027 level. on the downside it can touch 18660 if it's taking resistance at 18888 level and breaks 18818 level.
buy above 18888 target 18897, 18928, 18942,18965,19003
sell below 18818 target 18797,18771,18755,18731
NIFTY Intraday Trade Setup For 22 Jun 2023NIFTY Intraday Trade Setup For 22 Jun 2023
Buy-Above 18880
Sl-18830
T- 18967 19058
Sell-Below 18790
Sl-18840
T- 18721 18649
NIFTY has closed with slight bullish sentiment with 0.21% gain today. Buy triggered as per trade setup today and it gave small gain and eventually closed slightly above buying price. Tomorrow we will follow the range of today's high and low. Directional momentum can be triggered any side above and below 18880 and 18790. It will be sideways between this range. Important resistance is 19060 and 18650 being the support for tomorrow's session.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 18880 then we will long for the target of 18967 and 19058.
For selling we need a 15 Min candle close below 18790. T- 18721 and 18650.
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 analysis for weekly expiry 22/06/23.Again the market has given a both side move. After a gap up opening market has given a fall in the first half and regain in the second half.
On the daily time frame, the market has formed dragon fly doji. Previous data also shows the market has been giving gap ups while doing upward.
There are chance of market following the previous data. On the hourly charts, market couldn't clear the 18865 levels and closed near the resistance zone.
A cup and handle pattern formation is there, on hourly charts, and its break out can give nice market.
On 15 minutes, 20 EMA is respected and market has given bounce after testing it.
Support :- 18800, 18740
Resistance :- 18890
Wait for the price action near the levels before entering the market.
#NIFTY Intraday Support and Resistance Levels - 21/06/2023Nifty will be FLAT opening in today's session. After opening nifty start trading above 18850 level and then possible upside rally up to 18970 in today's session. in case nifty trades below 18820 level then the downside target can go up to the 18700 level.
NIFTY Intraday Trade Setup For 21 Jun 2023NIFTY Intraday Trade Setup For 21 Jun 2023
Buy-Above 18840
Sl-18790
T- 18950 19058
Sell-Below 18755
Sl-18805
T- 18649 18550
NIFTY has closed on a bullish note with 0.33% gain today. We have built a long position @ 18460 for the target of a fresh ATH. We are at striking distance to our target. Yesterday it was clearly said that we may give a breakdown of the rising wedge pattern in hourly TF but we will not consider that. We will consider only when we get a bearish price structure in daily TF. Exactly same was followed. It gave a breakdown of the rising wedge pattern and reversed completely. 18840 and 18755 are the important levels for tomorrow's session.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 18840 then we will long for the target of 18950 and 19058.
For selling we need a 15 Min candle close below 18755. T- 18649 and 18550.
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 21/06/23.Nifty has given a nice move and closed above 18800 level. A good dragon fly doji has been given on the daily time frame.
Market has been holding on the higher levels and trading above both the moving averages.
Today, market tested the previous day low and bounced from the levels.
On the hourly charts, the market has closed above both the moving averages.
Moving averages, on 15 minutes, converged in the first half and diverged in the second half.
Support :- 18770, 18670
Resistance :- 18890(ATH)
Market after flat opening gave a nice downside move and in the second half gave a good up move.
Wait for the price action near the levels before entering the market.
#NIFTY Intraday Support and Resistance Levels - 20/06/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 18740 level and then possible downside rally up to 18620 in today's session. in case nifty trades above 18770 level then the upside target can go up to the 18880 level.
NIFTY Intraday Trade Setup For 20 Jun 2023NIFTY Intraday Trade Setup For 20 Jun 2023
Buy-Above 18800
Sl-18750
T- 18890 18975
Sell-Below 18715
Sl-18765
T- 18649 18580
NIFTY has closed on a bearish note with 0.37% cut today. It was in a selling mode since the 1st candle. Sell triggered below 18805 and hit our 1st target very smoothly. Trade gave more than 80 points gain. Index is sideways inside the rising wedge consolidation. Below today's low - 18715 there will be a breakdown scenario of the rising wedge pattern in hourly TF. However we need a proper reversal structure in daily TF to consider that. Above 18800 we will hit a fresh ATH near 19058.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18800 then we will long for the target of 18890 and 18975.
For selling we need a 15 Min candle close below 18715. T- 18649 and 18580.
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 20/06/23.Market on the daily time frame has given a red candle and started trading below the 20 ema on the hourly charts.
There was a nice fall after the gap up opening and consolidated in the second half. Nifty closed above 18750 level after testing the levels of 18700.
On 15 minutes chart, market is trading between both the moving averages.
Market has closed below the support zone of 18770 levels.
The markets are creating confusion near the higher levels.
Support :- 18680, 18570
Resistance :- 18770, 18890
Market will be trending only when the trend is decided. The market in the second half has given losses to the option buyers due to time decay.
Wait for the price action near the price levels before entering the market.
Nifty Important levels for short term. Nifty is continuously making higher high and higher lows since past few weeks, now nifty is very close to all time high. However, we have seen minor profit booking at the top on 19-06-2023.
If nifty crosses the all time high, the immediate targets can be 18960, 19000 levels.
if nifty is able to cross the buying zone marked in green box on the chart, we may witness further downside. The immediate supports on the downside are marked in green line on the chart.
trade only on breakout or breakdown on either side. before that focus on scalping.
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Disclaimer: This is just a view for educational purpose, follow your trading setup and research before initiating any trade according to this view.