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Niftyintradaylevels

#Nifty"Good morning, friends! First of all, I'm really sorry. In recent days, I've had a little bit of trouble predicting the market's opening. That's my mistake, as I couldn't anticipate the GIFT Nifty movements and other result factors. So please bear with me, and I promise I will do my best. As of July 17th, the global market is showing a neutral start with a moderately bullish market sentiment. There is a possibility of a slight gap-up opening. If the market sustains structurally, we can expect a rally continuation with minor corrections. On the other hand, if the initial market experiences a sharp decline, we can expect a range market correction."
NSE:NIFTY
by Manickamtraders
Nifty weekly analysis for 17/07/23.Nifty on the weekly chart has given a nice bullish candle and almost touched 19600 levels. Market has consolidated and now closed above the resistance zone. A good bullish move is going on in nifty but banknifty is not support it to go higher. On the daily charts, the market has crossed and sustained above the resistance zone around 19525 levels. Flag and pole pattern in also there and if the market follow as per the theory 20k levels can be seen within july expiry. On the hourly chart, the market has closed above the 20 ema and is respecting a support trendlien. It is forming new high everyday and was not holding the highs but in the last session it has closed near the ATH and can continue to reach another round number figure of 20k. Support :- 19520, 19330, 19240 Resistance :- 19670, 19875 (*Extended fibonacci retracement is used to find the resistance levels). The market has travelled, consolidated and now given a break out. There are chance of market continuing the move as the last trading session closing suggest. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
14 Jul '23 Post Mortem on Nifty - green 1hr candles after 10.30If you had witnessed yesterday's 13.15 hourly candle that took out 95pts ~ 0.49%, you would not have guessed Nifty will rebound today. At least I did not expect.  I was having a bullish bias on nifty50 which you can understand from the report yesterday, but the bullish PUT spread carried forward from yesterday had an unfavorable risk reward. I made up the mind to exit this credit spread at a decent level today & re-enter at a favorable ratio. At 15.05 I exited the 19500/19400 PE at 60.9/33.4 for a marginal loss. And after that we had another 87pts rally ~ 0.45%. Not only I exited at a loss on a profit that would have gone immensely profitable had I hung on, I did not get a pull back to re-enter. Today's rally mainly spearheaded by NiftyIT up 4.45% was definitely an event to watch. Nifty opened gap up but was showing a negative bias. We had a fall of 62pts till 10.20 after which it turned around and was grinding up slowly. Banknifty on the other hand was falling continuously and it was evident its not going to support nifty today. But right at 14.45 some magic happened & banknifty turned around sparking a newfound momentum to nifty50 as well. Not only nifty pushed through the 19500 level, but hit a new ATH of 19595 today. ie a total intraday swing of 161pts. Further upside movements will be faced with very little resistances and its the easiest path for Nifty. Well that is what most traders will think and position for. I would personally like to wait out this trend and re-enter when the levels are bit for comfortable for me.
NSE:NIFTYLong
by viswaram
13 Jul '23 Post Mortem on Nifty + Weekly expiry analysisNifty Weekly Analysis Between the last expiry & today, Nifty50 is actually down 40pts ~ 0.21%. That seems quite hard to believe especially when we had an ATH break today right? The fact is N50 broke out from the 19500 levels today & that would have created the perception that nifty had a gaining week. Also on 7th July we had a red day and almost touched the 19300 levels. So credit goes to N50 since it recovered all its losses & hit a new ATH of 19567 today! --- Nifty Daily Analysis We had 2 strong moves today A gap up open and then a race to take out the ATH, a total swing of 182pts ~ 0.94% A similar fall of 180pts ~ 0.92% to touch the prev. close value Both the directional move would have given ample opportunity for options traders to mint money today. Final close was 0.15% higher mainly supported by the NiftyIT index. The dramatic inverted U shape price action was due to RELIANCE which fell from 2799 to 2743. HDFCBK, KOTAKBK & SBIN also dragged the index. Trades Taken Other than the regular expiry trades, I reopened a bullish PE credit spread between 10 to 10.30 AM. 19500/19400 PE for 67.45/40.65. This was taken when Nifty was at the ATH and due to the reversal this position is currently in loss. Will take a decision tomorrow to hold on to bullish bias or exit at a loss.
NSE:NIFTYLong
by viswaram
Nifty daily analysis for 14/07/23.Indian market are forming new ATH but are unable to sustain at the higher levels. On the daily time frame, the market has formed a red candle at the higher levels and is still respecting 19400 levels. Market opened gap up and gained an up side momentum in the initial hour. The market consolidated on the higher levels and there was a sell in the second half losing 150 points from day high. On the hourly charts, market is not closing above the 20 ema. Though, the market tried to hold the upper level but seller took charge and a trending market was there. Nifty is respecting a trend line and today also took support from it and recover. Support :- 19400, 19320 Resistance :- 19520-560 New All Time High has been formed but still market trend is vague. If market start trading below the trend line or above the previous day high, a trending market can be seen. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
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.
NSE:NIFTY
by Omahto
1
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.
NSE:NIFTY
by TheMamboMomentum
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 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 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.
NSE:NIFTY
by Manickamtraders
2