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
Niftyintradaysetup
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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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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SHORT NIFTY @ 10:50 AM | INTRADAY TRADE 21ST FEBGift Nifty is indicating a gap-up opening. However as per our time based SpanAttack analysis, we are looking for a fall in Nifty after 10:50 am today. Key resistance levels are also marked on the chart.
Sell Nifty: 10:50 AM
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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 | 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
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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 | 9th FebToday Nifty opened with a gap up above 22000 and formed hanging man pattern in first 15 mins candle, we initiated a sell trade in Nifty 22000 PE 15th Feb contract and saw a great fall today as per analysis.
For tomorrow, buy Nifty if sustains above 21820 for the targets of 21860 and upper marked levels. On the other side, if Nifty breaks 21670 on the downside, we may see 21630 and below marked levels on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21820
Sell Below - 21670
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Nifty weekly analysis for 05/02/24.Nifty has tested the higher levels and got rejected from the high forming a hanging man candle on the daily charts.
Weekly charts is still showing some postivity and it is still way high from the weekly 20 ema.
The market has gained 500 points on the weekly close and is looking positive as compare to the other indices.
Major support levels :- 21820, 21660, 21500
There is a possibility of a double top pattern formation but confirmation for the M pattern will be below 21230 levels.
A confusion is there in the market as the budget was about to come this week and market participants were over excited for that .
It will face a major resistance from ATH and if it goes up to the levels and consolidate from 2-3 trading session or create halt candle, high chances for testing 23k levels will be there.
Resistance :- 21900 (hourly), 22130 (ATH).
Wait for the price action near the levels before entering the trade.
BUY NIFTY @ 11:00 AM | INTRADAY TRADE 7TH FEBAs per our time based research, we are looking for some rise in Nifty after 11:00. Buy Nifty around 11:00 AM with 50 points SL and book profit as per marked levels on the chart.
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Nifty Intraday Trade Setup | 7th FebToday Nifty opened with a gap up around 21830 and after consolidating it gave a breakout above 21850 which was also out buy level and Nifty gave a rally towards 21950. Yesterday we also posted an idea about a Fall around 10:00 am and we saw 70 - 75 points sharp decline from 21850 levels.
For tomorrow, if Nifty sustains above 22000, we expect to see 22040 and upper marked levels. On the other side, if Nifty breaks 21850 on the downside, we may see 21800 and below marked levels on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 22000
Sell Below - 21850
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Nifty Intraday Trade Setup | 6th FebToday Nifty opened with a gap up around 21920 and after consolidating at upper levels around 21960, we saw sharp selloff for 225+ points.
For tomorrow, if Nifty sustains above 21850, we expect to see 21890 and upper marked levels. On the other side, if Nifty breaks 21720 on the downside, we may see 21680 and below marked levels on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21850
Sell Below - 21720
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Nifty Intraday Trade Setup | 5th FebToday Nifty opened with a gap up around 21825 and broke the important resistance level 21850 where Nifty was facing hurdle from so many days. Above 21850 we were bullish in Nifty, booked our shorts, taken 21800 CE and got the great profit in both 21800 and 21950 CE.
For Monday, if Nifty sustains above 21930, we expect to see 21980 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: Positive Day
Intraday Levels:
Buy Above - 21930
Sell Below - 21800
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SELL NIFTY @ 10:35 | NIFTY INTRADAY TRADE 31ST JANAs per SpanAttack time based strategy, we are looking for fall in Nifty around 10:35 am. Resistance levels are marked with red lines, try to sell near resistance zone and we look forward targets towards marked levels with green line.
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Nifty Intraday Trade Setup | 30th Jan '24Today Nifty opened with a gap up around 21440 and after forming a low at 214229 in first candle Nifty gave a crazy rally of more than 300 points and closed near day high.
Gift Nifty is indicating a gap-up opening near 21850 which is a key resistance level. For today if Nifty comes down and crosses 21770 on the upside, we expect more rise towards 21810 and upper marked levels. On the other side, Nifty has to break 21680 for more downside towards 21640 and below marked levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21770
Sell Below - 21680
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SELL NIFTY @ 9:15 AM | INTRADAY TRADE 23RD JAN '24Gift Nifty indicating a gap-up opening with 70 - 80 points, however, as per our time based research, we are looking for some fall in Nifty between 9:15 to 9:45 but don't hold for big targets like yesterday.
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Nifty Intraday Trade Setup | 25th Jan '24Today Nifty opened with a gap down around 21200 and after forming a low at 21137 Nifty gave more than 300 points recovery from lower levels and closed near day high.
For Tomorrow, 25th Jan if Nifty sustains above 21525, we expect more upside towards 21570 and upper marked levels. On the other side, Nifty has to break 21370 for more downside towards 21320 and below marked levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21525
Sell Below - 21370
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SELL NIFTY @ 9:30 AM | INTRADAY TRADE 23RD JAN '24Gift Nifty indicating a gap-up opening, however, as per our time based research, we are looking for a fall in Nifty around 9:30 to 10:00 which may extend upto 10:45. Resistance levels are marked on the chart. Take trade accordingly.
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InvestPro India