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.
Niftyintradaylevels
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
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
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.
Nifty Intraday Trade Setup | 10th JulyNifty has formed bearish price action, be cautious on buying particularly for tomorrow.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19540
Sell Below - 19460
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#NIFTY Intraday Support and Resistance Levels - 07/07/2023Nifty will be FLAT opening in today's session. After opening nifty Start trading above 19510 level and then possible upside rally up to 19630 in today's session. in case nifty trades below 19480 level then the downside target can go up to the 19360 level.
NIFTY Intraday Trade Setup For 07 Jul 2023NIFTY Intraday Trade Setup For 07 Jul 2023
Buy-Above 19515
Sl-19465
T- 19606 19717
Sell-Below 19430
Sl-19480
T- 19339 19253
NIFTY has closed on a positive note with 0.51% gain today. Yesterday it was mentioned that on a flat opening bullishness will be there from first half. It opened almost flat and buy triggered above 19435 and 1st target was almost achieved (19435-19512+). Now we have a small trendline resistance in 15 Min TF. Above this once again bullish momentum will kick in. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 19515 and 19430 are important levels for tomorrow's session.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19515 then we will long for the target of 19606 and 19717.
For selling we need a 15 Min candle close below 19430. T- 19339 and 19253.
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 07/07/23.Nifty on the daily time frame has given a nice move and closed around the round number figure of 19500.
The market gave a nice move in the first hour and consolidated whole in a range. During the last hour too the market gave a break out and gave a fifty points.
Market is moving in a good bullish cycle of consolidation and breakout.
On 15 minute time frame, nifty is taking support from the 20 ema.
Being the expiry, the last hour move gave nice profits to the option buyer .
Support :- 19460, 19410
No serious resistance is there on the upper side as market is making new ATH and the supports are near by.
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 06 Jul 2023NIFTY Intraday Trade Setup For 06 Jul 2023
Buy-Above 19435
Sl-19385
T- 19527 19620
Sell-Below 19335
Sl-19385
T- 19253 19175
NIFTY has closed on a complete flat note today. It has formed an inside candle in daily TF. It was a complete rangebound session with momentum almost cemented. It has formed a range in 15 Min TF. Breakout of 19435 and 19335 will give us a trendy move. On a flat opening it may maintain a bullish stance in the first half. session. Sentiment is bullish across TF, slight sentimental change will be there when we close below PDL and that red candle's low is breached. That is also the TSL for our swing low position.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle close above 19435 then we will long for the target of 19527 and 19620.
For selling we need a 15 min candle close below 19335. T- 19253 and 19175.
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 06/07/23.Nifty on the daily time frame has formed an inside candle and formed another doji. The market opened flat and closed near to the opening price.
The market has consolidated whole day and remained in a range of 100 points.
On the hourly charts, the market remained inside the first hour candle and during the closing hour gave a 50 points move.
Even on the smaller time frame, the market traded around the 20 ema and closed just above it.
Support :- 19330, 19260
Resistance :- 19410
The market is consolidating and has remaine in a range for 2 trading days.
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 05 Jul 2023NIFTY Intraday Trade Setup For 05 Jul 2023
Buy-Above 19435
Sl-19385
T- 19527 19620
Sell-Below 19355
Sl-19405
T- 19263 19181
NIFTY has closed on a bullish note once again with 0.34% gain. Our swing long position from 18460 is going buttery smooth. After ATH breakout we expected a non-stop momentum which is going on very well. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. Today buy triggered above 19350 and hit our 1st target (19350-19434). 19435 and 19355 are important levels for tomorrow's session.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19435 then we will long for the target of 18527 and 19620.
For selling we need a 15 min candle close below 19355. T- 19263 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 05/07/23.Another fap up day in nifty. Today market on remained volatile and has formed a dragon fly doji.
The market has closed gaining 66 points and has consolidated whole day, closing near the opening price.
On the hourly charts, market remained in the first hour candle and gap filling trade was there in the first hour.
Nifty has been respecting the 20 EMA, on 15 minutes chart, and has closed around the levels.
The market has given nice up side movement and a healthy retracement is pending.
Support :- 19330, 19250
Resistance :- 19410
Nifty is volatile now and is holding on the higher levels. If the market comes for retracement, intraday sell opportunity can be taken with small target.
Wait for the price action near the levels before entering the market.