Niftyintradaylevels
NIFTY Intraday Trade Setup For 1 Jun 2023NIFTY Intraday Trade Setup For 1 Jun 2023
Buy-Above 18570
Sl-18520
T- 18660 18745
Sell-Below 18480
Sl-18530
T- 18369 18273
NIFTY has closed on a bearish note with 0.53% cut today. It opened with a gap down below our sell level. 1st target was achieved as per the trade setup. 10 o'clock range broke downside below 18543 and gave a good trendy move (18543-18484). Almost 1:2 was achieved in this trade. Today's low is very important. Below today's low we may start the pullback move in daily TF. In case we break 18665 in the higher side then we will hit a fresh ATH.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18570 then we will long for the target of 18660 and 18745.
For selling we need a 15 Min candle close below 18480. T- 18369 and 18273.
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 Support and Resistance Levels - 31/05/2023Nifty will be FLAT opening in today's session. After opening nifty start trading below 18620 level and then possible downside rally up to 18500 in today's session. in case nifty trades above 18640 level then the upside target can go up to the 18750 level.
#NiftyGood morning! As of May 31st, the global market indicates a negative start with a moderately bullish market sentiment. There may be a gap-down start initially. Structurally, it might form as a flat correction. So, if the correction finds support around the major key zone, we can expect a bounce back. On the other hand, if it breaks a major key zone, that is a sign of correction continuation with minor pullbacks.
Nifty trade plan for 31-05-20231. Price action supported yesterday's work of support and resistance and no significant demand or supply created today,
therefore, price is in consolidation in yesterday's range and trying to sustain this gap, this is only a sign of strength.
So trade plan remains same buy on dip
NIFTY Intraday Trade Setup For 31 May 2023NIFTY Intraday Trade Setup For 31 May 2023
Buy-Above 18665
Sl-18615
T- 18741 18820
Sell-Below 18615
Sl-18665
T- 18519 18444
NIFTY has once again closed with slight bullishness with 0.19% gain today. It opened flat and buy triggered as per trade setup and hit sl. Then it turned total sideways for the rest of the day. Index has been in a complete sideways mode for the last two sessions. Scalping is the only thing we have to stick in this sideways and low VIX market. 18615 and 18665 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 18665 then we will long for the target of 18741 and 18820.
For selling we need a 15 Min candle close below 18615. T- 18519 and 18444.
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.
Trade ideas for Nifty & BankNifty Analysis for 31-05-2023In this video, I share my analysis for Nifty and Bank Nifty for tomorrow. I use my own technique called FASP to identify the immediate targets for the index.
These levels are important to recognize where the key resistance and support points exist. Map these levels to your charts and explore how it works for you.
Wish you a very happy and profitable year ahead!
FASP levels for Nifty 31/05/2023The FASP for Nifty is listed for 31-05-2023. 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 daily analysis for 31/05/23.For the last two trading session, nifty has been trading in a similar range and has formed dojis. Though banknifty has been trading new ATH, nifty is unable to capture the previous high.
On the hourly time frame, the market has traded inside the first candle and is taking support around 18600 levels.
If the markets break down, gap fill trade can be taken. On the upper side there is a resistance zone and its break out can be traded with a target of previous high.
On 15 minute chart, the market is jittery and is trading around the 20 ema.
Support :- 18580, 18450
Resistance :- 18690, 18870
Wait for the price action near the levels before entering the markets.
#Nifty"Good morning! As of May 30th, the global market indicates a negative start with a moderately bullish market sentiment. There may be a neutral start initially. Structurally, the consolidation indicates a bullish formation, thus suggesting a high probability of rally continuation. On the other hand, if it declines initially, we can expect a minor correction."
#NIFTY Intraday Support and Resistance Levels - 30/05/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18630 level and then possible upside rally up to 18750 in today's session. in case nifty trades below 18590 level then the downside target can go up to the 18480 level.
Nifty trade plan for 30-05-2023We have a gap up on weekly chart, if this gap is not filled in this week, then this will most likely to give push to nifty to touch ATH
considering the momentum, nifty have only few places to play intraday, in positional view is to buy on dip kind
IF opens gap down, then that is a buy opportunity, if open gap up then, wait for price to touch its support level to trade buy on dip set up
NIFTY Intraday Trade Setup For 30 May 2023NIFTY Intraday Trade Setup For 30 May 2023
Buy-Above 18645
Sl-18595
T- 18730 18820
Sell-Below 18580
Sl-18630
T- 18490 18409
NIFTY has closed with 0.54% gain today. On weekend we discussed that index is ready for the next bullish momentum which will give a fresh ATH. Bullish moves are mostly hard to enter mid way as mostly they are pulled by huge gap ups. Today it opened with a big gap up and then it turned total sideways. Whole day it traded inside the 10 o'clock range. Approach will be to buy the dips with proper reversal structure in 15 Min TF. We will wait for a CIP if we get in hourly TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18645 then we will long for the target of 18730 and 1880.
For selling we need a 15 Min candle close below 18580. T- 18490 and 18409.
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.
FASP levels for Nifty 30/05/2023The FASP for Nifty is listed for 30-05-2023. 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 Trade 30-05-2023This is an educational idea only, do not take it as investment advice.
If Nifty continues to rise above the 18640 level, there are chances we can see it above 18850.
If Nifty continues in the range bound between 18505 and 18580, this can be a sideways market.
If Nifty drops below 18508 and fails for range bound, then we can see it up to 18460.
Guys! mark these levels and trade these levels.
Let us connect and discuss more possibilities on day to day basis.
nifty may 29th bulls are in charge of pushing the all time high for nifty. Nifty possibility of gap up opening and try to go down side for first 30 mins to 45 mins and then it should take the support at 18422 level and should bounce back to 18606 level. where there is a resistance from the top side.
Buy above 18508 target 18555,18585,18599,18648
Sell below 18467 target 18433,18420,18404,18387
#NiftyGood morning! As of May 29th, the global market indicates a positive start with a bullish market nature. The SGX Nifty indicates a long gap-up, so we don't know exactly where it will open. Structurally, it's a strong bullish market. If it breaks the major key zone, we can expect a rally continuation. On the other hand, if it declines at the start, we can expect a minor correction. It could possibly indicate a rally continuation. Due to the trend, market consolidation will mostly follow the trend. Therefore, if it experiences a minor correction (within the Fibonacci level of 38%), we can expect a rally continuation in the upcoming sessions.