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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.
NSE:NIFTY
by Omahto
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.
NSE:NIFTY
by Mambotrade
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.
NSE:NIFTY
by Omahto
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.
NSE:NIFTY
by Mambotrade
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. Follow us for more such information !! Disclaimer: This is just a view for educational purpose, follow your trading setup and research before initiating any trade according to this view.
NSE:NIFTY
by InvestyourAsset
BANKNIFTY Intraday Trade Setup For 19 Jun 2023BANKNIFTY Intraday Trade Setup For 19 Jun 2023 Buy-Above 44085 Sl-43980 T- 44300 44510 Sell-Below 43830 Sl-43935 T- 43615 43395 BANKNIFTY has closed on a flat note last week. It gave a breakdown of hourly rising wedge pattern below 43930( hourly CB) last week. We got a straight move of more than 500 points in a single day in a single flow. Now next round of selling will be triggered below 43390. 44500 and 43390 is the range for the coming week. Breakout of this range will give us the next directional move. It will be sideways between this broader range. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44085 then we will long for the target of 44300 and 44510. For selling we need a 15 Min candle close below 43830. T- 43615 and 43395. 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:BANKNIFTY
by Omahto
NIFTY Intraday Trade Setup For 19 Jun 2023NIFTY Intraday Trade Setup For 19 Jun 2023 Buy-Above 18865 Sl-18815 T- 18935 19020 Sell-Below 18805 Sl-18855 T- 18745 18670 NIFTY has closed on a bullish note with 1.41% gain last week. Last week we discussed that we were at the hourly trendline support. This week support was taken and we rallied in a slight zig-zag way. On 26 May , long triggered @ 18460 on the daily swing breakout. Till now we have got 400 points gain. 1st target is a fresh ATH which is already discussed multiple times. We are at striking distance to our 1st target. No sign of bearishness till we break the hourly trendline support. Also sentiment will reverse when we will close below previous week's low. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18865 then we will long for the target of 18935 19020. For selling we need a 15 Min candle close below 18805. T- 18745 and 18670. 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 - 19 Jun 2023Nifty Prediction : Trend : BULLISH / Positive momentum Nifty likely to Open Flat / Small gap down tomorrow around 18800 level where have support zone at 18750 - 18780 which is the level to take BUY entry for Target of 18900. BEARISH trend is only below 18740. Nifty expected to move higher and might test 19K in two weeks. Plan for positional trades. Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:NIFTYLong
by ViVenTraders
Good weekly close in NIFTY50(19/06/23).One fall another day a good point make up. Nifty is just around its ATH. Is it going to break past the ATH as Banknifty or will still take time to break through the major level? A very bullish candle and close, on the weekly charts, shows some strength in the market. Nifty has traded stronger and has sustained above 18800 levels. The bullish move is being expected but RSI indicator is showing some bearish divergence on the weekly as well as daily charts. Positional and swing trades should be initiated once the 18770-18900 levels are taken out. Markets have travelled without any serious retest. There are chance of market trapping the bulls. If markets take resistance near 18900 levels and forms a entry, bearish trade can be entered. The market on the daily charts, has formed a upper wick candle but in green. The indecision in the market between the seller and buyer is still to be decided and major levels break out or break down can give big targets. Major Support :- 18770, 18700, 18580 Major Resistance :- 18870-900(ATH) Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 17 Jun 2023NIFTY Intraday Trade Setup For 17 Jun 2023 Buy-Above 18760 Sl- 18710 'T- 18823 18890 Sell-Below 18665 T- 18715 T- 18609 18550 NIFTY has closed on a bearish note with 0.36% cut today. It was a bit more volatile than BANKNIFTY as BANKNIFTY moved in a clear cut direction whereas NIFTY moved both way. Firstly buy triggered which hit 50 points sl. Later sell triggered below 18730 and hit our 1st TGT (18730- 18670). It is still inside the rising wedge pattern unlike BANKNIFTY. The breakdown has to be spotted in hourly TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18760 then we will long for the target of 18823 and 18890. For selling we need a 15 Min candle close below 18665. T- 18600 18540. 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 daily analysis for 16/06/23.Bearish engulfing candle has been formed on the daily charts. It has held the level of 18700 and gave a break down in the final hour. As predicted market gave a nice sell of after holding on the higher levels. There are chances of market testing lower levels further. On hourly charts, the market has again closed between both the moving averages. Support :- 18620-40, 18550-65 Resistance :- 18700, 18740 Market is trading at higher levels and there are resistances in near range. There is BOS and there are chance of market testing 18500 levels. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 15 Jun 2023NIFTY Intraday Trade Setup For 15 Jun 2023 Buy-Above 18770 Sl-18720 T- 18830 18890 Sell-Below 18730 Sl-18780 T- 18675 18615 NIFTY has closed on a bullish note with 0.21% gain today. Buy triggered above 18730 and gave almost 40 points which was slightly less than 1:1. After long triggered above 18460, swing breakout in daily TF. It has been inching towards our target which a fresh ATH. It is moving like a turtle BTW bcs of low VIX. It has moved less than 1.75% in the last 30 days. Momentum will start to kick in only when VIX starts to rise above 14. Above 16 medium length swings and good momentum will be seen in markets again. Till then enjoy slow and choppy momentum. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18770 then we will long for the target of 18830 and 18890. For selling we need a 15 min candle close below 18730. T- 18675 and 18615. 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 weekly expiry prediction 15/06/23Nifty on the daily time frame has formed a dragon fly doji and closed near the previous resistance area. Both the index were in different directions. Banknifty closed 100 points lower and nifty closed 40 points higher. In the first hour, after the gap up opening, tested the 18700 levels and after hitting the support area, slowly gained points. On the hourly charts, the market is still trading above the moving averages and is sustaining above it. Support :- 18700, 18630 Resistance :-18770, 18890 Market has consolidated for few days and tomorrow being a weekly expiry can give a nice move either side. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty50 Weekly Expiry Trading Levels 15th June 2023 ZERO to HERONifty50 Weekly Expiry Trading Levels 15th June 2023 ZERO to HERO 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
NSE:NIFTY
by sbkurandwad77