#NIFTY Intraday Support and Resistance Levels - 19/05/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18200 level and then possible upside rally up to 18330 in today's session. in case nifty trades below 18160 level then the downside target can go up to the 18050 level.
Niftyintradaylevels
#NiftyGood morning! As of May 19th, the global market has shown a positive start with a moderately bearish market nature. There may be a gap-up at the beginning. After that, if it sustains, we can expect a pullback continuation. If it rejects in the immediate key zone, we can anticipate a range market or a correction. On the other hand, if the market declines sharply at the start, that's a sign of a correction continuation.
NIFTY Intraday Trade Setup For 19 May 2023NIFTY Intraday Trade Setup For 19 May 2023
Buy-Above 18215
Sl-18165
T- 18310 18385
Sell-Below 18100
Sl-18150
T- 18019 17933
NIFTY has closed on a bearish sentiment with 0.28% cut. After our TSL in long was hit on 17 May @ 18260 index has been in decline phase. It was said multiple times that if our TSL is hit then index will initiate the pullback/down move. So is happening. Today it opened with a big gap up and 10 o'clock range broke below 18229 and gave more than 120 points gain. it was trending post 1:30 PM.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18215 then we will long for the target of 18310 and 18385.
For selling we need a 15 Min candle close below 18100. T- 18019 and 17933.
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 18th may (Cup pattern)Nifty is forming a cup pattern. if it breaks the level then the possibility of going up to 18343 is possible on the upside. on the downside it can take resistance at 18000 level.
Buy above 18213(18150 CE) Target 18256,18304,18343
Sell below 18106 (18150 PE) Target 18054,18002,17942
#NIFTY Intraday Support and Resistance Levels - 18/05/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18230 level and then possible upside rally up to 18380 in today's session. in case nifty trades below 18180 level then the downside target can go up to the 18070 level.
#NiftyGood morning! As of May 18th, the global market has shown a positive start with a bearish market nature. There may be a gap-up at the beginning, and there is a possibility of a sub-wave 4th. So, if it sustains, we can expect a minor three-wave structure. After that, if it rejects in the key zone, we can expect the 5th wave on the downside. However, the minor pullback shouldn't break the fib level of 78%. On the other hand, if the market declines sharply at the start, we can expect a 5th correctional wave.
FASP levels for Nifty 18/05/2023The FASP for Nifty is listed for 18-05-2023. 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 18 May 2023NIFTY Intraday Trade Setup For 18 May 2023
Buy-Above 18200
Sl-18150
T- 18270 18340
Sell-Below 18115
Sl-18165
T- 18030 17950
NIFTY has closed on a bearish note with 0.57% cut today. Last day it was said that our trailing sl in long side has been hit and below 18260 there we will be a pullback/down move along with a trendline breakdown in hourly TF. Sell triggered as per trade setup below 18260 and hit almost 2nd target (18260-18115.35). Above 18200 on a bullish price structure we will initiate a pullback move of the fall which started from 18460. Down move likely to continue below 18115.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18200 then we will long for the target of 18270 and 18340.
For selling we need a 15 Min candle close below 18115. T- 18030 and 17950.
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 - 17/05/2023Nifty will be FLAT opening in today's session. After opening nifty Start trading below 18290 level and then possible downside rally up to 18250 in today's session. in case nifty trades above 18290 level then the upside target can go up to the 18410 level.
#NiftyGood morning! As of May 17th, the global market has shown a neutral to slightly negative start with a bearish market nature. There may be a gap-down at the beginning, and there is a possibility of sub-wave three. If it sustains, we can expect a continuation of the correction with minor consolidation. On the other hand, if the market declines sharply at the start, we can expect a range market.
FASP levels for Nifty 17/05/2023The FASP for Nifty is listed for 17-05-2023. 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 Plan for 17-05-2023-If nifty opens in the marked range then wait unless price test the marked levels
-Trading at random place will only damage capital
-if open gap down, then wait for green line reaction on the price, if price sustain below it then look for sell on rise
or
If price recovers and sustain above it then buy on dip
- If gap up then red zone is the resistance area, price can face
-If price sustain above resistance area then look for buy on dip upto previous day's high as first target
NIFTY Intraday Trade Setup For 17 May 2023NIFTY Intraday Trade Setup For 17 May 2023
Buy-Above 18380
Sl-18330
T- 18460 18535
Sell-Below 18260
Sl-18310
T- 18190 18110
NIFTY has closed on a bearish note with 0.68% cut. It has closed below PDL so below today today's low our TSL in long will be hit. And we can expect some fall as a pullback of the uptrend. Also there will be a trendline breakdown in hourly TF. Today sell triggered as per trade setup and gave 115 points gain (18380-18265). This profit booking is triggered as we hit ATH in BANKNIFTY and a correction is obvious from resistance. Bullish momentum above 18380.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18380 then we will long for the target of 18460 and 18535.
For selling we need a 15 Min candle close below 18260. T- 18190 and 18110.
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.