Nifty Intraday Prediction Levels for 20 Oct 2023Nifty Intraday Prediction Levels for 20 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19662,19700,19750,19795,19842,19890,19940,..…
Major Supports-19570,19535,19500,19458,19425,19390,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Niftyintradaysetup
#Nifty directions and levels for #october20"Good morning, friends! As of October 20th, there is no significant difference between the last session, and the global market sentiment is negative, as indicated by the Dow Jones. However, our market is bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue. Today also the GiftNifty indicates a long gap-down, so if there are any changes in the market's direction, I will inform you in the mid-market session."
NIfty prediction analysis today (20-OCT)NIfty seems bearish as we can see nifty has been in the range as shown on the chart.
Nifty will be facing a good resistance at the level 19665 and also EMA 200 will be providing resistance on uppar side. It seems bearish for this week
Reason:
Price < EMAs(13,200)
RSI is 40, declining shows weaknees of bulls.
up side multiple resistance such as EMA 200, VWAP, priceaction resistance, etc.
PCR = 0.89 (bullish) because people have shorted 19500 heavily.
Verdict:
Data shows the bearish signals or Sideways.
Plan of action:
observe 15 min candle and then once market is settled go for Selling options. option buying may not be good in such market.
FASP levels for Nifty 20/10/2023The FASP for Nifty is listed for 20-10-2023. 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 directions and levels for #October19"Good morning, friends! As of October 19th, the global market sentiment is negative, as indicated by the Dow Jones. However, our market is moderately bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue.
Nifty Intraday Prediction Levels for 18 Oct 2023Nifty Intraday Prediction Levels for 18 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19845,19865,19900,19940,19960,19885,20050,20075,..…
Major Supports-19785,19760,19730,19690,19640,19600,19580,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Nifty Intraday Trade Setup | 18th OctGift Nifty indicating a flat to minor gap-down opening, and we expect to see weakness if Nifty sustains below 19770. Nifty is facing resistance again n again in 19800 - 19840 zone. Let it sustain above 19850 to buy.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19850
Sell Below - 19770
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty direction and levels for #October18th"Good morning, friends! As of October 18th, the global market sentiment is neutral to slightly negative, as indicated by the Dow Jones. However, our market is still within a range. It may open neutrally. If it breaks the previous day's low, the 50% Fibonacci level will act as strong support. If the market finds support there, we can expect the range market to continue its rally. However, if it breaks or consolidates, the correction will likely continue. On the other hand, if the market breaks the previous day's high, we can set our target at the next resistance level."
Nifty Intraday Prediction Levels for 17 Oct 2023Nifty Intraday Prediction Levels for 17 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19785,19825,19845,19890,18935, …
Major Supports-19690,19650,19600,19580,19545,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
NIFTY Looking BullishAscending triangle forming on Nifty 60min Chart. Once it breaks out with good candle we can see retest of previous ATH and even a new one.
Stop Loss: SL has to be 19,700
Entry: Entries can be made after a 30 min candle closes above resistance zone or on retest of the said zone for better RR
Target: Targets can be 20,200+ & Fresh lifetime highs
#October17th directions and levels for Nifty"Good morning, friends! As of October 17th, the global market sentiment is positive, as indicated by the Dow Jones. However, our market trend is in a ranging market. It may open with a gap-up, which indicates a ranging market structure. Therefore, if the market rejects the immediate resistance or if the gap-up doesn't sustain, we can expect a range market continuation. We can expect a pullback continuation only if it breaks the immediate resistance."
Nifty Intraday Trade Setup | 17th OctGift Nifty indicating a gap-up opening, and we expect to see more strength if Nifty sustains above 19805 towards 19850 and upper levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19805
Sell Below - 19690
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty Intraday Prediction Levels for 16 Oct 2023Nifty Intraday Prediction Levels for 16 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19795,19840,19890,19950,…
Major Supports-19690,19640,19600,19580,19540,19480,19450,19425,19390,19360,19340,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Nifty Trade Setup for 16-10-2023Nifty important levels to watch are as follows
#Support: 19733
Sell below:19733 only on 15 minute candle closure below the level.
Target 1: 19680
Target 2: 19615
#Resistance: 19800
Buy Above: 19800 only on 15 minute candle closure Above the level.
Target 1: 19850
Target 2: 19915
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Intraday Trade Setup | 16th OctGift Nifty indicating a slightly negative to flat opening, and we expect to see an up-move if Nifty sustains above 19810 and more strength can be seen above 19850.
On the other side, if Nifty breaks 19680, more weakness is expected.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19810
Sell Below - 19680
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty weekly analysis for 16/10/23.Nifty on the weeekly charyts has given a nice bullish candle and has closed around 100 points higher.
After the gap up opening on Monday due to the international news it recovered and took support from 50% fibonacci level.
It is holding the higher levels but is still trading below the major resistance level of 19900.
On the daily charts, there are gap up and gap down and nifty has closed above the 20 ema. No clear view is there in the market.
Less option buying opportunities are there. Last 2-3 weeks has been for option seller as it is trading in a range.
The markets have consolidated and a break out/down can be seen with a proper follow through in the markets.
On the hourly charts, it took support around the 200 ema and closed between both the moving averages.
Nifty consolidated for 2 days in a range and took the opportunity as it opened gap down.
Major Support :- 19250-300
Resistance :- 19840-900
For intraday trading levels.
Support :- 19730, 19670, 19580
Resistance :- 19780, 19840
Wait for the price action near the levels before entering the market.
Nifty Intraday Prediction Levels for 13 Oct 2023Nifty Intraday Prediction Levels for 13 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19825,19855,19900,19940,19965,20040,…
Major Supports- 19730,19690,19650,19600,19580,19540,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Nifty Expiry Trade Setup for 12-10-2023Nifty important levels to watch are as follows
#Support: 19780
Sell below: 19780 only on 15 minute candle closure below the level.
Target 1: 19720
Target 2: 19640
#Resistance: 19840
Buy Above: 19840 only on 15 minute candle closure Above the level.
Target 1: 19880
Target 2: 19940
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#October13 directions and levels for Nifty"Good morning, friends! As of October 13th, global market sentiment is negative, as indicated by the Dow Jones. However, our market trend is moderately bullish. It may open with a significant gap down. After that, if it is rejected around the immediate support zone, we can expect a ranging market. On the other hand, if it breaks the immediate support zone, then the correction is likely to continue. If there are any changes, I will inform you during the mid-market update."
Nifty Intraday Prediction Levels for 12 Oct 2023Nifty Intraday Prediction Levels for 12 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19820,19835,19842,19660,…
Major Supports- 19792,19767,19745,19700,..
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Will Nifty Bounce Tomorrow on 13 Oct ?Today's expiry played its role well and in the closing hours it gives a good indication for the intraday players.
Technical Data:
Momentum - Positive
Heikin Ashi - Positive
MA Bullish Cross - Positive
Macd Histogram - Positive
All these positive signs indicate a bounce for the intraday traders.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
12th Oct ’23 - A perfect Flat day of trade - Nifty PostMortemNifty Weekly Expiry Analysis
Nifty went up 236pts ~ 1.21% between the last expiry and today. The major highlight was its capability to defend the support of 19446 and then breach the resistance of 19776. Today we even retested the support of 19776 and it held and may pave the way for further upmoves.
Nifty Today Analysis
Recap from yesterday: “We had a perfect island day today above the resistance level of 19776. My bullish view continues and the next level to watch out for will be 19901 which was tested on 11th and 20th Sep. It just took 2 days to recover from the fall we had due to war — sometimes I think we have not priced in the real impact of it.”
This was the day today - a perfect flat day. If yesterday’s price action is taken into consideration it shows a good continuity. The pre-open showed more bullishness but except for the gap-up we did not have any bullish momentum today. My long call for today did not yield any results. I do not see a bearish intent - we tried breaking the support of 19776. Even the 19800 psychological level was showing good stability just like yesterday.
On the 1hr TF, I still do not see the reason to abandon my bullish stance. I agree that the 19899 level was not taken out today. But the support of 19776 did not break either. It also makes sense for Nifty to rest after the Tuesday and Wednesday climb. For tomorrow I wish to continue my bullish stance if 19776 support is respected. If that breaks in the morning session, I would like to change my stance to neutral. If 19671 level breaks in the forenoon session - I would definitely go short as we may fall below the double-top formation.
#October12 direction and levels for Nifty"Good morning, friends! As of October 12th, global market sentiment is slightly positive, as indicated by the Dow Jones. However, our market trend is bullish. It may open with a gap-up. After that, if it breaks the previous day's high, we can expect sub-wave 5. It's a distribution wave, so the structure is important. If the breakout structure is solid, then we can anticipate a rally continuation with minor consolidation. We can expect a correction only if it reaches the immediate resistance level with minor pullbacks, at which point we can complete the 5th wave and anticipate a correction. On the other hand, if the gap-up doesn't sustain, sub-wave 4 may likely continue."