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Niftyintradaysetup

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.
NSE:NIFTYLong
by viswaram
#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."
NSE:NIFTY
by Manickamtraders
Nifty Intraday Prediction Levels for 11 Oct 2023Nifty Intraday Prediction Levels for 11 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- 19710,19724,19750,19790,19840,… Major Supports- 19670,19650,19630,19600,19580,19550,… 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.
NSE:NIFTY
by suraranjanganguli
11th Oct ’23 - Nifty Cuts Through the Resistance - PostMortemNifty Analysis Recap from yesterday: “On the hourly chart — India replies with 5 white soldiers to the war news (3 white soldiers means 3 strong green candles). We have not taken out the 19776 resistance so far — but we are pretty close. I wish to change my stance from neutral to bullish with the first target of 19776 and the 2nd target of 19847.” Nifty continuing from the good form it picked up from yesterday, we opened gap-up of 76pts and then went on to take out the resistance line of 19776. The low formed in the opening 5mts was not broken showing how powerful the bulls were. We rallied another 71pts to hit a high of 19839. Interestingly Nifty did not fall or retrace from these high levels. The 19800 level was proving tough to break. 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. Crude oil if it remains elevated will prove to be such a disaster for us as we are importers.
NSE:NIFTYLong
by viswaram
Nifty Trade Setup for 10-10-2023Nifty important levels to watch are as follows #Support: 19480 Sell below: 19480 only on 15 minute candle closure below the level. Target 1: 19445 Target 2: 19385 #Resistance: 19540 Buy Above: 19540 only on 15 minute candle closure Above the level. Target 1: 19580 Target 2: 19640 => # 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.
NSE:NIFTY
by InvestyourAsset
#october11 directions and levels for Nifty"Good morning, friends! As of October 11th, 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 the gap-up sustains, we can expect a rally continuation with minor consolidation. We can expect a correction only if it rejects the major resistance levels. On the other hand, if the gap-up doesn't sustain, we can expect 'sub-wave 4,' which may take a maximum of 23 to 38% Fibonacci correction."
NSE:NIFTY
by Manickamtraders
Nifty Intraday Prediction Levels for 10 Oct 2023Nifty Intraday Prediction Levels for 10 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- 19478,19456,19425,19392,19363,19339,19250,… Major Supports- 19530,19555,19585,19610,19650,19700,… 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.
NSE:NIFTY
by suraranjanganguli
10th Oct ’23 - India sends 5 white soldiers to the war - NiftyNifty Analysis Recap from yesterday: ”For true bearishness 19350 or the recent swing low has to be taken out tomorrow. Well, I have a bearish bias because of the LONG PUT option — but the charts are not showing anything so far. If we bounce back from the 19446 level tomorrow also — I may be forced to close out the position at a loss. For tomorrow I would like to go with a 50% neutral and 50% bearish option. Nifty is not technically weak — it is the global macro that is weak. “ Nifty does a gap-up open today and then rallies a total of 109pts in the opening candle w.r.t previous day’s close. This also ensures that yesterday’s swing high is not broken on the downside from the 2nd candle onwards. Till 11.35 Nifty showed no special signs of directional movement but once the 19620 levels were broken - it started climbing ferociously. Can you believe we shot up another 106pts ~ 0.54% to negate yesterday’s price action as well as take out the swing high of 6th October. Yesterday looked like a blip, remember our Friday’s plan - “Go long”. We are there now. What these 2 days did was to take out my stop losses both ways. My long stop loss was taken out yesterday and the short stop loss was taken out today. On the hourly chart - India replies with 5 white soldiers to the war news (3 white soldiers means 3 strong green candles). We have not taken out the 19776 resistance so far - but we are pretty close. I wish to change my stance from neutral to bullish with the first target of 19776 and the 2nd target of 19847. In case we lose the momentum tomorrow - we will still be range-bound unless the bottom support is broken.
NSE:NIFTYLong
by viswaram
Nifty 50 Technical Analysis For Tomorrow **Nifty 50 Technical Analysis for Tomorrow (October 12, 2023)**: **Support:** 19685/19612 **Resistance:** 19727/19805 **Technical Analysis:** * Nifty 50 closed at 19707.25 on October 11, 2023, after forming a bullish engulfing pattern. * The index is facing resistance at 19727 levels. If the index opens gap-up above this level tomorrow and sustains above it, then it can act as a support for the day. * On the downside, 19612 is a strong support level. If the index breaks this level, then it can lead to further bearish momentum. **Buying Zone:** 19685-19612 **Selling Zone:** 19727-19805 **Trading Strategy:** * For the upside, traders can buy Nifty 50 if it opens gap-up above 19727 levels and sustains above it. The stop loss can be placed below 19685 levels. The target can be kept at 19805 levels. * Traders can also buy Nifty 50 if it breaks the resistance level of 19805 levels. The stop loss can be placed below 19750 levels. The target can be kept at 19900 levels. **Disclaimer:** This is just a technical analysis of Nifty 50. It is not a recommendation to buy or sell the index. Traders should always do their own research before taking any trading decisions. **Additional Notes:** * It is important to note that Nifty 50 is a volatile index. Traders should be cautious while trading in this index. * Traders should also keep an eye on the global market cues, as they can have a significant impact on the Indian market. * Traders should always use stop loss and risk management techniques while trading in any market. **Improvements to the previous analysis:** * I have added proper support and resistance levels for tomorrow. * I have also added a buying zone and a selling zone. * I have made the analysis more comprehensive by providing additional notes.
NSE:NIFTYLong
by santubittu
Nifty Intraday Prediction Levels for 9 Oct 2023Nifty Intraday Prediction Levels for 9 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 Resistance- 19693,19745,19790,… Major Support- 19618,19583,19548,19500,19485,19452,19390,… 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.
NSE:NIFTY
by suraranjanganguli
#October09 directions and levels for Nifty"Good morning, friends! As of October 09, global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. However, our market trend remains moderately bullish. It may open with a neutral to slightly negative sentiment based on the Israel-Hamas war. Afterward, if it finds immediate support at the current level, we can expect a range-bound market and a continuation of the pullback. If it breaks this support level, then the correction is likely to continue. The same sentiment applies to the initial market express sharp pullback, but we can expect a rally continuation only if it breaks the previous day's high."
NSE:NIFTY
by Manickamtraders
6th Oct ’23 - Show of Strength - PostMortem on Nifty50Nifty Analysis Recap from yesterday: “Although we had a good green day today — the body of the candle was not good enough. So I am not changing my stance from bearish to bullish instead, I am going with a neutral stance for tomorrow.” Everything went in the bull’s way today. The opening was gap-up followed by a steady upward-looking rally. Even though we had the RBI MPC meeting today(we will discuss in detail in the BankNifty postmortem below) - it had nothing for the bears. As it stands Nifty has managed to come out from the bear’s grip. On the 1hr TF Nifty is still between 19446 and 19776 support/resistance levels. But the gap-up formation on consecutive days and the island formation have really shifted the sentiment from bearish to bullish. We have to take out the 19710 and 19776 levels too for a strong bullish momentum to pick-up. Mainly because we had some strong red candles at those zones. Look at the US VIX (blue) vs India VIX (orange). Global markets are at extreme fear whereas Indian markets are at extreme greed. Need to know how long this decoupling lasts. For Monday, I wish to continue my neutral stance but keep my options open for bullish moves. The moment 19776 is tested and broken - we can expect further participation to take Nifty much ahead. For the bears to make a comeback - the US markets have to close in DEEP RED today.
NSE:NIFTY
by viswaram
Nifty Tradesetup for 06-10-2023Nifty important levels to watch are as follows #Support: 19520 Sell below: 19520 only on 15 minute candle closure below the level. Target 1: 19430 Target 2: 19340 #Resistance: 19576 Buy Above: 19576 only on 15 minute candle closure Above the level. Target 1: 19630 Target 2: 19720 => # 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.
NSE:NIFTY
by InvestyourAsset
#October6th direction and levels for nifty"Good morning, friends! As of October 6th, we have an RBI monetary policy meeting scheduled for around 10 am. Therefore, the technical structure is not as important, as the markets will largely react to the news. These moves may be very volatile, so it's advisable to approach your positions with caution. However, this represents the current market sentiment. The global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. In contrast, our market trend is moderately bullish. It may open with a neutral to slightly positive sentiment. If it subsequently breaks the immediate resistance level, we can anticipate a rally continuation. On the other hand, if the gap-up doesn't hold, or if the market opens with a gap-down, we should be prepared for a range-bound market or a correction."
NSE:NIFTY
by Manickamtraders
Nifty Intraday Prediction Levels for 6 Oct 2023Nifty Intraday Prediction Levels for 6 Oct 2023 The chart indicates 15 min time frame. These Levels are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Resistance- 19570 Support- 19523, 19500 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.
NSE:NIFTY
by suraranjanganguli
Nifty Expiry TradeSetup for 05-10-23Nifty important levels to watch are as follows #Support: 19400 Sell below: 19400 only on 15 minute candle closure below the level. Target 1: 19345 Target 2: 19275 Target 3: 19220 #Resistance: 19456 Buy Above: 19456 only on 15 minute candle closure Above the level. Target 1: 19530 Target 2: 19590 Target 3: 19650 => # 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.
NSE:NIFTY
by InvestyourAsset
FASP levels for Nifty 05/10/2023The FASP for Nifty is listed for 05-10-2023. 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.
NSE:NIFTY
by SathishChandrasekaran