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.
Niftyintradaylevels
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.
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.