#NIFTY Intraday Support and Resistance Levels - 25/05/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 18260 level and then possible upside rally up to 18140 in today's session. in case nifty trades above 18310 level then the upside target can go up to the 18420 level.
Niftyintradaylevels
NIFTY Intraday Trade Setup For 25 May 2023NIFTY Intraday Trade Setup For 25 May 2023
Buy-Above 18326
Sl- 18275
T- 18425 18527
Sell-Below 18260
Sl- 18310
T- 18175 18100
NIFTY has closed on a slight bearish note with 0.34% cut today. It opened with a decent gap down opening and 10 o'clock range broke upside above 18357 and gave around 35 points gain. However when sell triggered below 18320 it gave a good momentum gain of 55 points. Till now previous weeks range is intact and index has not broken any hourly levels- 18460 and 18060. Best trade will be on flat opening tomorrow.
Coming to Thursday's trade setup, if index opens flat and 15 Min candle closes above 18326 then we will long for the target of 18425 and 18527.
For selling we need a 15 Min candle close below 18260. T- 18175 and 18100.
Be strict with trailing with RR in both side trades.
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 24th may will it form evening star patternnifty formed a doji and looks like it might form evening star pattern. if it forms a red candle below the today's low most probability of trend reversal. Nifty support trendline has broken and now it will act as resistance.
Buy above 18363(18300 CE) Target 18394,18418,18461
Sell below 18292(18350 PE) Target18257, 18214,18181,18108, 18054
#NiftyGood morning! As of May 24th, the global market has shown a negative start with a bearish market nature. There may be a gap-down at the beginning. After that, if it sustains, we can anticipate a continuation of the correction. On the other hand, if the market sharply pulls back at the start, we can expect a range market to pull back consolidation.
#NIFTY Intraday Support and Resistance Levels - 23/05/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 18300 level and then possible downside rally up to 18170 in today's session. in case nifty trades above 18350 level then the upside target can go up to the 18470 level.
FASP levels for Nifty 24/05/2023The FASP for Nifty is listed for 24-05-2023. 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 Intraday Trade Setup For 24 May 2023NIFTY Intraday Trade Setup For 24 May 2023
Buy-Above 18420
Sl-18370
T- 18527 18615
Sell- Below 18320
Sl-17370
T- 18239 18150
NIFTY has closed with a slight gain of 0.18% today. Buy triggered as per trade setup which hit dot level target and gave around 50 points. BTW it was complete rangebound today within 40 points for almost the whole day, except the 1 hour. Index has not breached any hourly level till now. Above 18420 and 18320 is the intraday range. Breakout of this range will give us a good intraday directional move. In between it once again it will be sideways.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18420 then we will long for the target of 18527 and 18615.
For selling we need a 15 Min candle close below 18320. T- 18239 and 181450.
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.
#NiftyGood morning! As of May 23rd, the global market has shown a neutral to slightly positive start with a moderately bullish market nature. There may be a gap-up at the beginning. After that, if it sustains or if the market sharply pulls back at the start, we can expect a continuation of the rally with minor consolidation. Additionally, Nifty is currently exhibiting a long rally, while Bank Nifty is in a range market with a bullish structure. Once the range market breaks, the rally may take off sharply. On the other hand, if the market declines or rejects the immediate key zone at the start, we can anticipate a range-bound market or a continuation of the correction.
#NIFTY Intraday Support and Resistance Levels - 23/05/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18350 level and then possible upside rally up to 18480 in today's session. in case nifty trades below 18300 level then the downside target can go up to the 18190 level.
FASP levels for Nifty 23/05/2023The FASP for Nifty is listed for 23-05-2023. 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 Intraday Trade Setup For 23 May 2023NIFTY Intraday Trade Setup For 23 May 2023
Buy-Above 18340
Sl- 18290
T- 18420 18503
Sell-Below 18250
Sl-18300
T- 18153 18060
NIFTY has closed on a bullish note with 0.61% gain today. Last day we already anticipated this bullishness after we got a Pin bar in daily charts. Buy triggered as per trade setup above 18220 and hit our 1st target very smoothly (18220-18335). Once again bullishness will continue above today's high- 18340. Index will change hourly structure below 18060. Early sign of sentimental halt will be on a daily candle close below PDL. Next intraday resistance will be near 18500.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 18340 then we will long for the target of 18420 and 18503.
For selling we need a 15 Min candle close below 18250. T- 18153 and 18060.
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 - Prediction & Intraday Levels for - 23 May 2023
Nifty Analysis for Tomorrow:
Trend - BULLISH
Sentiment - Positive
Buy Levels are 18276 & 18250 Demand Zone for Targets 1 & 2 upside.
If any breakout below 18250, then 18200 will be tested before the next upmove.
Only look for SELL entry below 18228, otherwise Nifty looks BUY on dip.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
NIFTY 22nd may triangle patternnifty opens a gap up then possibility of 18256 level and try to take resistance at 18304 level.
nifty opens a gap down then possibility of 18160 level then it will take support at 18108 level.
nifty opens flat then possibility of reaching 18160 level on the down side before it bounces.
Buy above 18213(18150 CE) Target 18256,18304,18343
Sell below 18106 (18150 PE) Target 18054,18002,17942
#NiftyGood morning! As of May 22nd, the global market has shown a negative start with a moderately bearish market nature. There may be a gap-down at the beginning. After that, if it sustains, we can anticipate a range-bound market or a continuation of the correction. On the other hand, if the market sharply pulls back at the start, we can expect a continuation of the rally with minor consolidation.
#NIFTY Intraday Support and Resistance Levels - 22/05/2023Nifty will be FLAT opening in today's session. After opening nifty start trading above 18220 level and then possible upside rally up to 18350 in today's session. in case nifty trades below 18180 level then the downside target can go up to the 18050 level.