Nifty intraday levels for weekly expiry 22/02/24.Nifty has given nice bearish engulfing candle after a consolidation on the higher levels.
A good sell off in the market is showing some profit booking in the market and potential levels may be tested on the expiry.
It has close 22055 levels. If there is a gap up opening, there will be chance of a halt candle.
In case of a flat to gap down opening, there will be another red candle on the daily charts.
Short below 22k levels can be initiated with Major support zone around 21920, 21830.
There is a high probability of a gap filling trade.
Resistance levels :- 22090, 22240
Tomorrow is weekly expiry of the index, watch for option premiums chart while trading.
Wait for the price action near the levels before entering the market
Niftyintradaylevels
NIFTY Intraday Trade Setup For 27 Feb 2024NIFTY Intraday Trade Setup For 27 Feb 2024
Bullish-Above 22210
Invalid-Below 22160
T- 22430 22650
Bearish-Below 22070
Invalid-Above 22120
T- 21860 21658
NIFTY has closed on a bearish note with 0.41% cut today. Sell triggered as per trade setup below 22180 and gave a move till 22080, but targets were not achieved. Tomorrow below 22070 we may see a good sell off and best probability trade seems in downside as per today's closing. Plotted trendline is being followed, breakout of this will lead a bullish impulsive move. 22300 is the gateways for fresh up move in hourly TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22210 then e will long for the target of 22430 and 22650.
For selling we need a 15 Min candle close below 22070. T- 21860 and 21658.
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.
Nifty Intraday Trade Setup | 26th FebToday Nifty opened around 22300 and morning high was also a day high. We bought 22350 PE Feb contract at open around 200 and it gave good profit.
For tomorrow, buy Nifty if sustains above 22300 for the targets of 22340 and upper marked levels. On the other side, if Nifty breaks 22190 on the downside, we may see 22150 and below marked levels on the chart.
Also, if Nifty closes below 21960, it may also break the up-trend for short-term.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 22300
Sell Below - 22190
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Nifty Intraday Trade Setup | 25th FebToday Nifty opened around 22300 and morning high was also a day high. We bought 22350 PE Feb contract at open around 200 and it gave good profit.
For tomorrow, buy Nifty if sustains above 22300 for the targets of 22340 and upper marked levels. On the other side, if Nifty breaks 22190 on the downside, we may see 22150 and below marked levels on the chart.
Also, if Nifty closes below 21960, it may also break the up-trend for short-term.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 22300
Sell Below - 22190
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NIFTY Intraday Trade Setup For 26 Feb 2024NIFTY Intraday Trade Setup For 26 Feb 2024
Bullish-Above 22300
Invalid-Below 22250
T- 22465 22630
Bearish-Below 22180
Invalid-Above 22230
T- 22035
NIFTY has closed on a slight bullish note with 0.78% gain last week. However it has closed at an All time high. Above 22300 it should start a good up move at-least in intraday. On Monday if 22035 is tested then it will be a strong intraday support and we can plan a bullish trade with bullish price action in 5 Min TF. Coming to hourly TF, 21850 is the last swing low below which it will trigger a bearish move. Till the time it is safe, we will maintain a bullish bias.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22300 then we will long for the target of 22465 and 22630.
For selling we need a 15 Min candle closes below 22180. T- 22035 and 21850.
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.
SELL NIFTY AROUND 11:25 AM | INTRADAY TRADE 23RD FEBGift Nifty indicting a gap-up opening and US market also gave an insane rally. However, as per our SpanAttack timings algo we see a fall in Nifty from 11:25 which can be useful for Intraday traders to get some points on the downside.
Sell Nifty: 11:25 AM
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NIFTY Intraday Trade Setup For 23 Feb 2024NIFTY Intraday Trade Setup For 23 Feb 2024
Bullish-Above 22260
Invalid-Below 22210
T- 22465 22630
Buy_2- From 22030
Invalid-Below 21980
T- 22200+
NIFTY has closed on a bullish note with 0.74% gain Today. Since last 2 days index is moving wild and intraday trend is really uncertain these days. Today sell triggered as per trade setup below 21990 and gave a move till 21880, almost 90 points. Seeing today's strong bullish sentiment tomorrow we will be in buy mode from both points, on breakout and even in case of pullback. In case there is pullback towards 22030 we will buy from there. Pullback trading will be ideal before breakout here.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22260 then we will long for the target of 22465 and 22630.
2nd buy can be considered from 22030. T- 22200+.
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.
NIFTY Intraday Trade Setup For 22 Feb 2024NIFTY Intraday Trade Setup For 22 Feb 2024
Bullish-Above 22250
Invalid-Below 22200
T- 22465
Bearish-Below 21990
Invalid-Above 22040
T- 21790 21600
NIFTY has closed on a bearish note with 0.64% cut today. Buy triggered as per trade setup above 22220 which hit 50 points sl. It is like Open = High and sentiment was bearish the whole day. Tomorrow 22160 will be an confluence zone, can act as resistance. Above 22250 we will test 22465 and this is a strong resistance in weekly TF as per ABCD calculation. 21790 is going to be a strong support zone as per half bat (0.618).
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22250 then we will long for the target of 22465.
For selling we need a 15 Min candle close below 21990. T- 21790 and 21600.
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.
NIFTY Intraday Trade Setup For 21 Feb 2024NIFTY Intraday Trade Setup For 21 Feb 2024
Bullish-Above 22220
Invalid-Below 22170
T- 22415 22580
Bearish-Below 22040
Invalid-Above 22090
T- 21860 21650
NIFTY has closed on a bullish note with 0.34% gain today. As per trade setup it tested the buy level but almost at closing bell. It has closed at breakout level near 22200 tomorrow it should give a good momentum in the upside in flow above 22210. 22415 can be immediate target after the breakout and will book max there and from there we need to look for a bearish reversal price structure in 5 Min TF for TSL. Index is following this channel in daily TF.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22220 then we will long for the target of 22415 and 22580.
For selling we need a 15 Min candle close below 22040. T- 21860 and 21650.
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.
NIFTY Intraday Trade Setup For 20 Feb 2024NIFTY Intraday Trade Setup For 20 Feb 2024
Bullish-Above 22200
Invalid-Below 22150
T- 22450 22700+
Bearish-Below 22020
Invalid-Above 22070
T- 21830 21635
NIFTY has closed on a record high today with 0.37% gain today. It has formed a spinning candle in daily TF which indicates indecisiveness. It can trigger both sentiment, above 22200 we would this spinning top candle as continuation of the ongoing bullish move. Below 22020 we will treat this as a reversal sign. Incase of breakout above 22200 we would test 22450-22465 and this can be a stiff resistance. One can plan a short trade with bearish reversal price structure in 5 Min TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22200 then we will long for the target of 22450 and 22725.
For selling we need a 15 in candle close below 22020. T- 21830 and 21630.
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.
NIFTY Intraday Trade Setup For 19 Feb 2024NIFTY Intraday Trade Setup For 19 Feb 2024
Bullish-Above 22080
Invalid-Above 22030
T- 22300 22520
Bearish-Below 21950
Invalid-Below 22000
T- 21735
NIFTY has closed on a slight bullish note last week and day with 1.19% and 0.59% gain respectively. It is at a striking distance to ATH and chances of a fresh bullish move above 22150 is high. 2nd leg shooting star will be invalid above 22130. But before it triggers a bullish move above 22150 it may dip for a pullback to fuel the impulse on breakout. So on Monday if there is a gap up and below 1st 5 Min candle's low it can trigger a down move.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22080 then we will long for the target of 22300 and 22520.
For selling we need a 15 Min candle close below 21950. T-21735
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.
Nifty Intraday Trade Setup | 19th FebToday Nifty opened above 22000 and after making a morning low around 21970, Nifty remained in range and made a high at 22068.
For tomorrow, buy Nifty if sustains above 22070 for the targets of 22100 and upper marked levels. On the other side, if Nifty breaks 21960 on the downside, we may see 21920 and below marked levels on the chart. Also, if Nifty closes below 21960, it may also break the up-trend for short-term.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 22070
Sell Below - 21960
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Nifty Intraday Trade Setup | 16th FebToday Nifty opened with a gap up at 21923 which was the morning high and we saw sudden full just after open towards 21795 which we played through 22000 PE and booked good profit.
For tomorrow, buy Nifty if sustains above 21960 for the targets of 22000 and upper marked levels. On the other side, if Nifty breaks 21800 on the downside, we may see 21760 and below marked levels on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21960
Sell Below - 21800
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NIFTY Intraday Trade Setup For 16 Feb 2024NIFTY Intraday Trade Setup For 16 Feb 2024
Bullish-Above 21960
Invalid-Below 21910
T- 22190 22350
Bearish-Below 21780
Invalid-Above 21830
T- 21635 21490
NIFTY has closed with a slight gain of 0.32% gain today. It opened with a gap up and yesterday it was discussed that we may turn sideways and close flat in case of a gap up. So has happened today, it was almost sideways within a very small range till 1 PM. Then there was a call side spike which again cooled off till some extent. It has formed a doji candle in daily TF, an indecisive sentiment. Above today's high and low will be deciding levels for tomorrow's session.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21960 then we will long for the target of 22190 and 22350.
For selling we need a 15 Min candle close below 21790. T- 21635 and 21490.
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.
Nifty weekly expiry analysis for 15/02/24.A bullish engulfing candle on the daily charts after a gap down opening is showing some positive momentum and there are possibility of market test 22k levels soon.
Today the market remained in a bullish move from the morning and closed above the 20 ema.
After a consolidation there was a good break out and market tested the resistance level of 21850.
If there is a gap up opening above today's high, let market settle and test the break out zone and any bullish price action can be an indication of entering a trade.
In case of a flat or slight gap up/down opening, wait for a consolidation and if the market consolidate in the first half, there will be a trending move in the second half.
Tomorrow is the weekly expiry for the index. VIX has also cooled a bit.
Major resistance level :- 21880, 21960-22000
Support levels :- 21810, 21750.
The market is moving both side and is trading in a wide range. After 3 trading session the market has closed above 21800 levels which is another positive for a bullish move in the market.
Wait for the price action near the levels before entering the trade.
NIFTY Intraday Trade Setup For 15 Feb 2024NIFTY Intraday Trade Setup For 15 Feb 2024
Bullish-Above 21880
Invalid-Below 21830
T- 22050 22190
Buy_2- From 21640
Invalid-Below 21590
T- 21850
NIFTY has closed on a bullish note with 0.45% gain today. It was bold bullish day as it opened with a big gap down and recovered to almost 0.5% gain from 1% down. 10 o'clock range broke upside above 21625 and gave a good move. Now it has closed near hourly trendline resistance. There will be a big move after trendline breakout if it sustains above 21950. In case trendline being respected we will head towards 21645 and may find a good support again. Chances of almost flat close in case we open gap up.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21880 then we will long for the target of 22050 and 22190.
2nd buy can be considered from 21640. T- 21850
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.
Nifty Intraday Trade Setup | 15th FebToday Nifty opened with a gap down around 21600 and after making a low at 21530 in first 30 mins we saw good rebound from lower levels. We took sell trade around 21700, got 60 points fall towards 21634, and booked profit in that.
For tomorrow, buy Nifty if sustains above 21870 for the targets of 21910 and upper marked levels. On the other side, if Nifty breaks 21750 on the downside, we may see 21710 and below marked levels on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21870
Sell Below - 21750
To motivate us, Please like the idea If you agree with the analysis.
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NIFTY Intraday Trade Setup For 14 Feb 2024NIFTY Intraday Trade Setup For 14 Feb 2024
Bullish-Above 21770
Invalid-Below 21720
T- 22011 22190
Bearish-Below 21540
Invalid-Above 21590
T- 21339 21120
NIFTY has closed on a bullish note with 0.59% gain today. As per trade setup it traded between yesterday's range an nothing triggered. However plotted channel pattern was broken and bullishness continued till EOD. Hourly trend is still downside and last swing high is 21850 which can bring a reversal sign if taken out. Our swing short from 21800 is still intact with the initial risk @ 22130. Our short level for tomorrow is 21540 but early sign of reversal can be sensed below 21700.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21770 then we will long for the target of 22011 and 22190.
For selling we need a 15 Min candle close below 21540. T- 21339 and 21120.
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.
NIFTY Intraday Trade Setup For 13 Feb 2024NIFTY Intraday Trade Setup For 13 Feb 2024
Bullish-Above 21810
Invalid-Below 21760
T- 22011 22190
Bearish-Below 21570
Invalid-Above 21620
T- 21339 21120
NIFTY has closed on a bearish note with 0.76% cut today. Our short trade which we are carrying from 21800 is now seems to be on track. Our trade was based on 2nd leg shooting star in daily TF with SL being intact @ 22130. Yesterday half bat was projected as an resistance seeing the current trend of the market which worked very well in today's session. 21810 and 21570 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21810 then we will long for the target of 22011 and 22190.
For selling we need a 15 Min candle close below 21570. T- 21339 and 21120.
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.
Nifty weekly analysis for 12/02/24.Nifty on the weekly charts is holding the higher levels. Still the index is looking confused about the tren.
It is respecting the daily 20 ema and a nice support is taking from it. A long legged doji is formed on the close and still above the moving averages.
There was a consolidation on the last trading day and chances of a trend move in the coming session is there.
Let markets decide whether it wants to go to form a higher level or retest the lower levels.
Major resistance is around the ATH of 22126 as it has reversed from it forming a double to pattern. A bearish trend will be confirmed by a daily candle close below the neck line forming a M pattern.
Support levels :- 21650, 21500, 21370
The market trend is still in confusion. Wait for either side move and take trading in the direction market move.
Major resistance levels :- 21810, 21875, 22000
Nifty has retested 50% fib level of the previous leg and if a bullish move is expected it should try to hit another ATH.
Positional and swing trader should take on with banknifty as there is a confusion in nifty as there is an inside candle on the weekly charts.
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 12 Feb 2024NIFTY Intraday Trade Setup For 12 Feb 2024
Bullish-Above 21830
Invalid-Below 21780
T- 22011 22190
Bearish-Below 21620
Invalid-Above 21670
T- 21400
NIFTY has closed almost on a neutral note last week and formed a spinning top candle. In weekly TF it is just consolidation which is pretty common after a big run. We have initiated a short position below 21800 as per 2nd leg shooting star in daily TF. Sl 22130 is intact , if it is triggered then above 22200 bullish move will continue as an impulse. Target for this short is 21450 which is 50% retracement of the last leg of rally.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21830 then we will long for the target of 22011 and 22190.
For selling we need a 15 Min candle close below 21620. T- 21400 and 21120.
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.