Nifty Intraday Levels | 16-JULY-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Niftyintradaylevels
NIFTY Intraday Trade Setup For 15 Jul 2024NIFTY Intraday Trade Setup For 15 Jul 2024
Bullish-Above 24600
Invalid-Below 24550
T- 24780
Bearish-Below 24450
Invalid-Above 24500
T- 24275
NIFTY has closed on a slight bullish note with 0.73% gain last week. On 10 Jul it closed below PDL so as per the method we were following to ride the bullish move is now invalid. But now lets come to the 2nd validation point. Now if at all there is a bearish price action in daily TF then we will call it bearish and a confirmed reversal. Also this reversal confirmation will be updated through these trade setups. 24600 and 24450 are levels to watch out for tomorrow.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24600 then we will long for the target of 24780.
For selling we need a 15 Min candle close below 24450. T- 24275.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 10 Jul 2024NIFTY Intraday Trade Setup For 10 Jul 2024
Bullish-Above 24450
Invalid- Below 24400
T- 24555
Bearish-Below 24350
Invalid-Above 24400
T- 24230
NIFTY has closed on a bullish note with 0.46% gain today. Last day we discussed that it formed a Pinbar candle in daily TF and expectation was for a bullish move above 24350. We almost gat 90 points move in favor. Tomorrow in case there is a gap down and day ends near day low then bears will take charge in short term. However I have been updating that bullish sentiment will change when it closes below PDL.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24450 then we will long for the target of 24555.
For selling we need a 15 Min candle close below 24350. T- 24230.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Nifty Short Swing Trade 1:3.5 Risk-Reward RatioIchimoku TS KS broke in 15 mins and once it breaks the cloud and price structure, we will get the confirmation.
We have shared our higher time frame view earlier today - please check:
Entry : 24280 (in case of gap down opening below this level, wait for a small pullback near TS in 5 mins)
Stop Loss : 24417
Target : 23770
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Nifty Intraday Levels | 4-JULY- 2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty weekly expiry analysis for 04/07/2024.Nifty on the daily time frame has formed a doji after a good gap up opening.
Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities.
Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached.
In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone.
Major Resistance :- 24300-310
Support levels :- 24240, 24180
Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements.
The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction.
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 4 Jul 2024NIFTY Intraday Trade Setup For 4 Jul 2024
Bullish-Above 24310
Invalid-Below 24260
T- 24450
Bearish-Below 24200
Invalid-Above 24250
T- 23975
NIFTY has closed on a bullish note with 0.67% gain today. Whole gain is however contributed through gap up and Large cap banks move. Index will be bullish till it closes above PDL and when it will close below PDL then bullish sentiment will be changed to bearish. However confirmation will be a bearish price action in daily TF. Tomorrow's best trade will be on today's range breakout.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24310 then we will long for the target of 24450.
For selling we need a 15 Min candle closes below 24200. T- 23975.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 2 Jul 2024NIFTY Intraday Trade Setup For 2 Jul 2024
Bullish-Above 24180
Invalid-Below 24130
T- 24410
Bearish-Below 23980
Invalid-Above 24030
T- 23800
NIFTY has closed on a bullish note with 0.55% gain today. However it was an contraction day as it formed an inside candle in daily TF. It seems like index is going to follow phase of sideways after a parabolic move. In case it does a pullback breakout of 24180 then we will long for the plotted 2.0 PRZ. Bears may take charge below 23980 if sustained. Also in the weekend I said that we will maintain bullish stance till it closes above PDL.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410.
For selling we need a 15 Min candle close below 23980. T- 23800.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 1 Jul 2024NIFTY Intraday Trade Setup For 1 Jul 2024
Bullish-Above 24180
Invalid-Below 24130
T- 24410
Bearish-Below 23980
Invalid-Above 24030
T- 23800
NIFTY has closed on a bullish note last week with over 2% gain. It was completely on bulls grip from the start of last week, except Friday. We will maintain bullish view till it closes above PDL. Sentiment will change when it closes below PDL and then is confirmed by bearish price action. In case of a pullback move, it can test 23640 which is 61% retracement of the upmove, less probable.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410.
For selling we need a 15 Min candle close below 23980. T- 23800
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
#NIFTY Intraday Support and Resistance Levels -28/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24050 level and then possible upside rally up to 24170 level in today's session. in case nifty trades below 24020 level then the downside target can go up to the 23900 level.
Intraday Trade Setup - Nifty Wave Analysis: Today's ExpiryNifty Analysis (15-Minute TF): June Monthly Expiry - 27-06-2024
Nifty is in the final leg of Wave 5. The third wave of Wave 5 was completed yesterday, and we are likely to see the 4th and 5th waves today.
Nifty might take the morning session for Wave 4 and the second half for Wave 5.
We have mentioned entry and exit points in the chart; please refer to it.
Buy Entry: 23,740-23,770
Average Place: 23,700-23,720
Stop Loss: 23,680 (very small stop loss)
Options Strategy:
Option Selling:
1. Strangle and straddle will work in the morning session.
2. Go for directional PE selling near our buy zone and sell more lots near the average place with the stop loss mentioned above.
Options Buying: We don't recommend option buying. However, if you try option buying, take the next week's expiry near our buy zone and keep a strict stop loss at 23,680.
Futures Buying: We can consider buying Nifty July Future with next week PE hedge too.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
#NIFTY Intraday Support and Resistance Levels -26/06/2024Nifty will be FLAT opening in today's session. After opening nifty start trading Above 23760 level and then possible upside rally up to 23880 in today's session. in case nifty trades below 23700 level then the downside target can go up to the 23580 level.
NIFTY Back in the Ascending ChannelNIFTY is back within it's short term ascending channel showing strong Bullish Trend continuation which may take it towards 23900.
However the momentum was primarily in HDFC and ICICI today, with other index heavyweights muted. There is selling pressure in IT and it may negate the View if it drags NIFTY below the marked trendline support.
#NIFTY Intraday Support and Resistance Levels -25/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23570 level and then possible upside rally up to 23690 level in today's session. in case nifty trades below 23530 level then the downside target can go up to the 23420 level.
Nifty 25-06-2024 AnalysisHello Traders, Welcome to SriTrader5121
______________________________________
Overall view for the day
Buy - with the support of Important_level
Sell - with the rejection of Important_level
Major Support - Around 233##
Major Resistance - Around 236##
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
_______________________________________
Rules to follow...
1) Wait for confirmation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
_____________________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purposes and a helping hand to learn trading in the live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in the comment section.
Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
#NIFTY Intraday Support and Resistance Levels -24/06/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 23430 level and then possible downside rally up to 23310 in today's session. in case nifty trades Above 23480 level then the upside target can go up to the 23600 level.
Nifty weekly anlysis for 25/06/24.Nifty on the weekly time frame has formed a doji candle and closed only 35 points higher.
Market is stretching a lot and there are chance of showing some profit booking or reversal as the candle on the dialy charts suggest.
For last 5 trading sessions, nifty has remained in a 200-250 points zone.
If nifty starts trading below 23415 levels, it can test minor support levels around 23300 and travel towards 23230 levels.
Major support levels :- 23230, 22925
Resistance levels :- 23659
Nifty from the low of this month has travelled 970 points while still 5 trading session are there.
In case of a break out, the market will be in an uncharted area can travel to the next thousands.
On smaller time frame( 60 minute), nifty is trading below the 20 ema, resting on 50 ema and there can be chances of it testing the lower moving average.
Watch for the moving averages trading strategy giving a entry or a fake down.
Wait for the price action near the levels before entering the market.
Nifty 24-06-2024 AnalysisHello Traders, Welcome to SriTrader5121
______________________________________
Overall view for the day
Buy - with the support of Important_level
Sell - with the rejection of Important_level
Major Support - Around 2335#
Major Resistance - Around 2360#
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
_______________________________________
Rules to follow...
1) Wait for confirmation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
_____________________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purposes and a helping hand to learn trading in the live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in the comment section.
Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NIFTY Intraday Trade Setup For 24 Jun 2024NIFTY Intraday Trade Setup For 24 Jun 2024
Bullish-Above 23680
Invalid-Below 23630
T- 23917
Bearish-Below 23390
Invalid-Above 23440
T- 23185
NIFTY has closed almost on a flat note last week. It has formed a spinning top candle in weekly TF which indicates halt or reversal of the uptrend. In case low- 23390 is crossed then it can act as a reversal signal in the short term. Above 23680 index may resume slow and steady upmove. Last week it was directionless market, we can expect directional move in the coming week. Be neutral till index is inside 23680 and 23390.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23680 then we will long for the target of 23917.
For selling we need a 15 Min candle close below 23390. T- 23185.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
#NIFTY Intraday Support and Resistance Levels -21/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23610 level and then possible upside rally up to 23730 level in today's session. in case nifty trades below 23560 level then the downside target can go up to the 23440 level.
#NIFTY Intraday Support and Resistance Levels -19/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23580 level and then possible upside rally up to 23700 level in today's session. in case nifty trades below 23550 level then the downside target can go up to the 23430 level.
NIFTY Intraday Trade Setup For 19 Jun 2024NIFTY Intraday Trade Setup For 19 Jun 2024
Bullish-Above 23600
Invalid-Below 23550
T- 23770
Bearish-Below 23490
Invalid-Above 23540
T- 23265
NIFTY has closed on a good positive note with 0.39% gain. After many days index broke 23500 and held that. But I said that I am expecting a good upside move with good momentum, it settled at higher price but momentum did not come. Overall it was a zoned market. It has formed a Pinbar candle in daily TF so be alert of its low for bear entry. 23600 and 23490 will be tomorrow's range to look for breakout.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23600 then we will long for the target of 23770.
For selling we need a 15 Min candle close below 23490. T- 23265.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
#NIFTY Intraday Support and Resistance Levels -18/06/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 23480 level and then possible upside rally up to 23600 level in today's session. in case nifty trades below 23430 level then the downside target can go up to the 23310 level.