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Niftyintradaysetup

FASP levels for Nifty 31/08/2023The FASP for Nifty is listed for 31-08-2023. 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
30 Aug ’23 Post Mortem on Nifty - 111pts fall in 60mts why? 🤔Nifty Analysis This is what I wrote yesterday - “For tomorrow, I have a 60% neutral and 40% bullish view as we are right at the upper channel and above the support.” . Never did I believe we could have a neutral closing today after the big gap-up open. Even till 13.15 there was no sign of weakness and Nifty was looking & staying strong. Luckily Nifty is a notch above the bearish descending channel. Still giving hopes to the bulls. I still have not figured out the reason why we fell 111pts after that. Was it the China news of stimulating the economy, cutting taxes on stock markets, a warning of distress or the German CPI or the US GDP expectations? I still dont think the Rs200 cut on LPG cylinder by the Oil Minister & then the comments that it will come as Govt. Subsidy and not from OMC’s margin would have triggered this fall. This move has opened up multiple possibilities for the monthly expiry tomorrow. Let us discuss them. On the hourly TF we now have 2 rejections when Nifty tried to breakout from the bearish channel. Both of them had strong selling momentum which indicates the Big-Bear is still alive & kicking. If we take out the descending channel - the chart pattern will appear like a lower high and lower low in which the lower low is not that intense. For tomorrow I wish to keep a neutral view till 19310 is not taken out and if it does - would wait for the swing low of 19229.7 to be taken out to go short. When going short, I would expect a new lower low to be formed. Meanwhile if Nifty stays strong and respects the support - I will still keep my fingers crossed for a breakout momentum.
NSE:NIFTY
by viswaram
FASP levels for Nifty 30/08/2023The FASP for Nifty is listed for 30-08-2023. 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
#Nifty"Good morning! As of August 2nd, the global market sentiment is positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a gap-up. Therefore, there is no significant difference from the last session. If the market sharply rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks below the 38% Fib level, then the correction will probably persist."#nifty
NSE:NIFTY
by Manickamtraders
29 Aug ’23 Post Mortem on Nifty - 60% neutral 40% bullishNifty Analysis Yesterday we had a neutral call on Nifty “Most importantly the 19310 support/resistance stands in between. A break in support may cause Nifty to follow the bearish channel. Whereas a breach in resistance will give Nifty breakout momentum as it exits the falling wedge. I wish to go with a neutral stance for tomorrow till we get some clarity.” You may not believe it, but today’s price action was between the 19310 horizontal support and the descending trend line. The momentum was just not there to break the support nor break the trend line. We had 3 attempts each and all three of them failed. The open was gapup right at the trend line and we fell to the support by 10.25. From there we had a steady rise till 13.30 where we retested the trendline again but faced rejections. The 2nd fall to the support came at 14.20 which was quick but lacking force. At 14.55, I seriously thought the support would get breached - instead we shot up to the trendline to close exactly on it. On the 1hr TF, it seems like Nifty is coming under immense pressure to pick a direction. All clues are hinting at a bullish breakout as the support is too strong to be broken. The only reason the breakout is not happening may be because the big-bears have still not given up or booked profits. If new bears are not taking fresh shorts, then the existing short-sellers may have to run for cover as the market has a natural tendency to move up if it stays like this. For tomorrow, I have a 60% neutral and 40% bullish view as we are right at the upper channel and above the support. If Nifty is unable to exit the channel in the first 90mts, I will look for neutral positions only. And if the lower channel is tested - I would like to convert my current positions to bearish ones.
NSE:NIFTY
by viswaram
#nifty"Good morning! As of August 2nd, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
NSE:NIFTY
by Manickamtraders
FASP levels for Nifty 29/08/2023The FASP for Nifty is listed for 29-08-2023. 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
Nifty Trade Setup for 28-08-2023nifty important levels to watch are as follows #Support: 19230 Sell below: 19230 only on 15 minute candle closure below the level. Target 1: 19160 Target 2: 19075 #Resistance: 19330 Buy Above: 19330 only on 15 minute candle closure Above the level. Target 1: 19385 Target 2: 19473 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:NIFTY
by InvestyourAsset
#nifty"Good morning! As of August 28th, the global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain, then the correction will probably persist."
NSE:NIFTY
by Manickamtraders
Simple Trade Setup | Nifty | 28/08/2023 [INTRADAY]NSE:NIFTY Trade Setup for 28-08-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:NIFTY
by Trading_hawk
25 Aug ’23 Post Mortem on Nifty - reversal in trend, below wedgeFor the last two days both my predictions have gone wrong. On 23rd Aug I recommended a long but we closed in negative territory. On 24th I recommended a neutral stance, but we went deep red today. On both the occasions, I had mentioned the rationale on why I have taken that decision and how I may react if the market makes a different move. Today we opened gap down right at the support/resistance zone of 19310 and went down quite strongly in the first candle. From there Nifty made 2 attempts to breach this SR and go up - but failed. We woke up to bad news from the US that FED & its commitment to bring inflation to the 2% band. What this did to our markets is bring about a reversal in trend. Just the previous day we had a breakout from a falling wedge pattern and Nifty was breaking free to take out the 19700 levels - but this cut short. This is what I said in yesterday’s report “For tomorrow I wish to change my stance from bullish to bearish. If we trade above the trend line for more than an hour - I wish to go long. And if we fall below 19310 - I wish to go short. Till then prefer to stay neutral.” I took the short position right at the open as my short criteria met. But the position is still not so profitable as the market did not fall further. I was hoping for more than a 1%+ fall today. I have made a modification to the 1hr TF. The newest addition is the bottom trend line which is almost parallel to the top bearish line. The reason to bring this up is to find out what will happen since the support was breached. Since Nifty was respecting the bottom trend line on 4 previous occasions, I expect it to comply going forward also. For Monday 28th Aug I wish to change stance from neutral to bearish with a stop loss just above 19310 if it stays there more than an hour. My next strong support comes at 18880 which means the fall could be quite deep.
NSE:NIFTYShort
by viswaram
24 Aug ’23 Post Mortem on Nifty + weekly analysis - neutralNifty Weekly Analysis Between the last expiry and today, Nifty has just gone up by 32pts ~ 0.17%. But this week has seen a wide swing of 332pts ~ 1.72% i.e from the low of the week to the high of the week. The drama mostly in today’s price action which we will be discussing shortly. Nifty Daily Analysis Today’s price action was action filled with drama right from the start. A mega gap up open of 94pts ~ 0.49% and then a steady climb of another 47pts to hit the HOD @ 19584. And from there a totally unexpected reversal that brought Nifty back to the falling wedge pattern. The gap up was expected mainly because of the breakout we saw in banknifty (which had exited the falling wedge pattern) + the good handouts from the global markets. India also landed Chandraayan on the Moon which would have built the euphoric levels. From the report yesterday, I advised to go long and personally I took the long position as soon as we opened. The further upmoves reinforced my decision. But the reversal started happening, I had to buy some PUTs to save my long CALLs. I was hoping the pullback will not close the gap - the real surprise came when it went below the falling wedge pattern - more or less negating the gap-up & breakout possibilities. On the 1hr TF you can notice the magnitude of the gap we had and the intensity of the shorts that followed. The momentum was so deep to pierce through the bearish trendline (blue color) with so much ease. Another 60+ points fall would have forced me to go short today. For tomorrow I wish to change my stance from bullish to bearish. If we trade above the trend line for more than an hour - I wish to go long. And if we fall below 19310 - I wish to go short. Till then prefer to stay neutral.
NSE:NIFTY
by viswaram
Nifty50 Expiry Trade setup 24th Aug 2023Nifty50 Expiry Trade setup 24th Aug 2023 Looking for profitable Options trading opportunities for the week of 24th Aug-25th In this Blog, I'll be sharing the option buying and selling levels for Nifty50 for the week 24th Aug 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level. Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision
NSE:NIFTY
by sbkurandwad77
#nifty"Good morning! As of August 23rd, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might open neutrally, suggesting a ranging market. If it breaks yesterday's high after the neutral opening, we can expect a pullback continuation. On the other hand, if the initial market declines, it will likely undergo a minimum 78% Fibonacci correction. After that, if it rejects around the 78% level, we can expect a pullback. Conversely, if it consolidates or breaks the 78% level, the correction is likely to continue."
NSE:NIFTY
by Manickamtraders