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NIFTY Intraday Trade Setup For 14 Jun 2024NIFTY Intraday Trade Setup For 14 Jun 2024 Bullish-Above 23500 Invalid-Below 23450 T- 23665 Bearish-Below 23350 Invalid-Above 23400 T- 23075 NIFTY has closed with a gain of 0.33% gain today. It was another sideways market, being 4th consecutive day. It is currently sideways in the plotted channel. Breakout of this is needed for a good momentum either side. We have a holiday on Monday so there can volatile moves due to multiple expiries on the same day. 23500 and 23350 will be range to look for breakout or else it will sideways again. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 23500 then we will long for the target of 23665. For selling we need a 15 Min candle close below 23350. T- 23210 & 23075. 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.
NSE:NIFTY
by Omahto
Nifty weekly expiry analysis for 13/06/2024.Nifty for the last 3 trading session has been forming doji candle around the higher levels. The market is holding the upper levels but is not moving much above the previous day high. Single hourly candle is giving a move and after that there are many halt candles. Sentiments are looking negative as the RSI is showing a bearish divergence and market is unable to hold the higher levels. Major support levels :- 23235, 23160 Nifty is still trading above the moving averages. Moving averages strategy may trigger and can give the targets. If nifty starts trading below the first support zone, a bearish entry can be made with the target of next support zone. In case of a gap up opening, today's high will act as the resistance and in case is starts trading above the high, bullish trade with 50-60 points as SL can be carried in less quantity. There are chance of a retracement in the market. If there is a gap down opening below the support zone, wait for the market to get rejection from the zone and trade accordingly. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 11 Jun 2024NIFTY Intraday Trade Setup For 11 Jun 2024 Bullish-Above 23420 Invalid-Below 23370 T- 23630 Bearish-Below 23220 Invalid-Above 23270 T- 22880 NIFTY has closed on a slight bearish note with 0.13% cut today. It was a range bound session of less than 200 points range. Since it has shown some bearish sign from where the steep fall was triggered. Below 23220 we may test the plotted half bat PRZ near 22880-22900 zone. 22880 will act as an important intraday support. In case 23420 is triggered in the upside then chance of a fresh run in the coming days. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23420 then we will long for the target of 23630. For selling we need a 15 Min candle close below 23220. T- 22880. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 3 May 2024| Loksabha Trading ViewNIFTY Intraday Trade Setup For 3 May 2024 Bullish-Above 22660 Invalid-Below 22600 T- 22120 23417 NIFTY has closed on a bearish note last week with 1.86% last cut. Since the coming week is very due to Loksabha election results. As per the exit polls market looks all set for a fresh ATH. Directional move will be seen on Monday in the upside and there can be IV crush on Tuesday and the next day also then again a rally is very much possible. So it looks safe to sell non-directional only after news is out i.e result day. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22660 then we will long for the target of 23120 and 23417. Chances of a big gap up is high, so one can trade on 10 o'clock range breakout for a precise entry with risk calculated with previous swing after breakout. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 30 May 2024NIFTY Intraday Trade Setup For 30 May 2024 Bullish-Above 22810 Invalid-Below 22760 T- 23000 Bearish-Below 22680 Invalid-Above 22730 T- 22480 NIFTY has closed on a bearish note with 0.8% cut today. It was a low volatility day as overall range it traded was 22800 and 22700. It opened with a decent gap down of 125 points and in this case 10 o'clock range was to be used. Range broke downside below 22760 and gave 50 points move which was 1:1. Tomorrow if there is another gap down then I will watch for the 1st 5 Min candle's breakout either side. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22810 then we will long for the target of 23000. For selling we need a 15 Min candle close below 22680. T- 22485. 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.
NSE:NIFTY
by Omahto
Nifty monthly expiry analysis for 30/05/24.Today nifty after a gap down opening has remained in a 100 points range closing 83 points lower. The daily candle is looking bearish and chance of testing 22580 levels are high, if it starts trading below today's low of 685. Nifty is trading between the moving averages and 20 ema is around the support zone. A bullish leg is there in the market and it is the retracement or profit booking before the election results. On fib levels it can test 38.2% levels. If the levels are breached soon, 580 levels will be tested . Major support levels :- 22680, 22620 Resistance :- 22800, 22880 Tomorrow is monthly expiry and upcoming week there is election results. Bullish reversal can be a possibility in case of a gap up opening. Flat to slightly gap down opening there will negative sentiment on intraday. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 28 May 2024NIFTY Intraday Trade Setup For 28 May 2024 Bullish-Above 23030 Invalid-Below 22980 T- 23230 Bearish-Below 22870 Invalid-Above 22920 T- 22630 NIFTY has closed almost on flat note with minor cut of 0.11% today. It opened with 80 points gap up and then buy triggered near 12 o'clock which did not hit our target and revered to day low taking out our sl midway. Tomorrow 22745 will be an confluence level as that will be a CIP level after ATH breakout. Be alert at this zone for a bullish reversal structure. Below 22870 bears will try to take grip. Above 23030 we will plan long but we need a rejection first. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23050 then we will long for the target of 23230. For selling we need a 15 Min candle close below 22870. T- 22630. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 27 May 2024NIFTY Intraday Trade Setup For 27 May 2024 Bullish-Above 23040 Invalid-Below 22990 T- 23210 Bearish-Below 22900 Invalid-Above 22950 T- 22745 NIFTY has closed on a strong bullish sentiment with 2% gain last week. Index broke the weekly range of 22800 and 21800 in the upside. On 23 May EOD we discussed that index target can be set to 23850 zone as per FIB extension and range calculation. Before moving towards 23850 zone there can be small pullback or consolidation so 23050 will be trigger point for upside rally. Below 22900 pullback move can be triggered. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23040 then we will long for the target of 23210. For selling we need a 15 Min candle close below 22900. T- 22745. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 24 May 2024NIFTY Intraday Trade Setup For 24 May 2024 Bullish-Above 23000 Invalid-Below 22950 T- 22210 Bearish-Below 22790 Invalid-Above 22840 T- 22575 NIFTY has closed a record high with 1.64% gain today. Index has given a strong breakout of the weekly Range. FIIs have also turned buyer today after a long time. Chances of a 90 degree angle move is high followed by a consolidation breakout now. Next stop seems near 23850 in daily TF as per range calculation. Tomorrow above 23000 there can another strong move in intraday and best suited will be on flat opening. 22790 will be intra support. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 23k then we will long for the target of 23210. For selling we need a 15 Min candle close below 22790. T- 22575. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 20 May 2024NIFTY Intraday Trade Setup For 20 May 2024 Bullish-Above 22530 Invalid-Below 22480 T- 22737 Bearish-Below 22430 Invalid-Above 22480 T- 22230 NIFTY has closed on a bullish note with 2% gain last week. It has taken support from the lower trendline support in daily TF. Since last one month we have been discussing that the broad range is 22800 and 21700-800. Breakout of this range will trigger a fresh trend. Overall sentiment is sideways, this week caters a bullish sentiment inside the range. Monday's intraday range is 22530 and 22430. We will simply trade on this range breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22530 then we will long for the target of 22737. For selling we need a 15 Min candle close below 22430. T- 22230. 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.
NSE:NIFTY
by Omahto
Nifty Intraday Trade Setup | 17th MayNifty opened with a gap-up and we saw a roller coaster session as per the expectations. Nifty made a morning high around 22340, made a low near 22100, came towards morning high and again we saw a fall towards 22050 levels. Last one hour rally was completely beyond expectations which took Nifty from 22050 zones to 22430. For tomorrow, we are not looking for a buy at higher levels and will see sell on rise opportunity in morning session. If Nifty sustains below 22300, we may see 22260 and below. On the other side if Nifty breaks 22430 and sustains above this level, we expect to see further rally towards 22470 and above marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 22430 Sell Below - 22300 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
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