Niftyintradaylevels
#NIFTY Intraday Support and Resistance Levels - 02/06/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18520 level and then possible upside rally up to 18620 level & this rally can extend for another 100-120 points if gives breakout of 18630 level in today's session. in case nifty trades below 18490 level then the downside target can go up to the 18380 level.
#Nifty"Good morning! As of June 2nd, the global market indicates a positive start with bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect consolidation for pullback continuation. On the other hand, if it declines initially or rejects around a major key zone, we can expect the market to correct within a range."
FASP levels for Nifty 02/06/2023The FASP for Nifty is listed for 02-06-2023. 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 02 Jun 2023NIFTY Intraday Trade Setup For 02 Jun 2023
Buy-Above 18581
Sl-18530
T- 18665 18745
Sell-Below 18460
Sl-18500
T- 18383 18273
NIFTY has closed once again on bearish note with 0.25% cut today. Today buy level was tested but did not sustain in 15 Min TF, hence buy was not active. Below today's low bearish momentum will continue. Next bullish momentum will be triggered above 18670. This will give us a fresh ATH and the road to 19100. Bearish sentiment will be on till we get a bullish price structure in 15 and 1 hour TF.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18581 then we will long for the target of 18660 and 18745.
For selling we need a 15 Min candle close below 18460.T- 18383 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 daily analysis for 02/06/23.Nifty has closed below the round number figure of 18500. The market has given a nice fall in the second half of the trading session.
On the hourly time frame, nifty has started trading below 20 ema and has given a negative closing.
The market tried to sustain at the higher levels but couldn't hold long. Nifty still remained strong as compare to the finance sector.
On 15 minutes time frame, the market has tested the 200 ema and closed between both the moving averages.
Support :- 18440, 18280
Resistance :- 18580, 18690
Wait for the price action near the levels before entering the market.
#Nifty"Good morning! As of June 1st, the global market indicates a negative start with moderately bearish market sentiment. There may be a gap-down start initially. After that, if it takes a pullback around the Fib level of 61%, we can expect the range market to continue pulling back. On the other hand, if it breaks a major key zone(38%), that is a sign of correction continuation."
#NIFTY Intraday Support and Resistance Levels - 01/06/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18530 level and then possible upside rally up to 18650 in today's session. in case nifty trades below 18490 level then the downside target can go up to the 18370 level.
Bank Nifty Futures Levels For 31st May 2023Will explain in detail to all those following what are these lines in different colors and how price reacts. Also how prices get tagged on the dotted lines. But first it is important to observe the behavior of price on the Charts being published by me.
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
FASP levels for Nifty 01/06/2023The FASP for Nifty is listed for 01-06-2023. 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 01/06/22 (weekly expiry).Nifty has fallen in the first half of the trading session and tried to recover some points in the second half.
Market on the daily chart has given a dragon fly doji and closed above 18500 levels.
The market on the hourly time frame, has formed doji after doji, showing upper wick rejection. The market has started trading below the 20 ema and continuously faced rejection from the moving average.
There was a gap filling trade and nifty has filled the gap completely and took support around the same level.
Support :- 18490, 18450
Resistance :- 18580, 18690
Wait for the price action near the levels before entering the market.
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.