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Niftyintradaylevels

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
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.
NSE:NIFTY
by Omahto
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.
NSE:NIFTY
by SathishChandrasekaran
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.
NSE:NIFTY
by Omahto