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Niftyintradaysetup

#nifty"Good morning! As of August 11th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend is moderately bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. or if it breaks it(immediate support zone), then the correction will likely continue. On the other hand, if the initial market shows a positive start, we can expect a ranging market."
NSE:NIFTY
by Manickamtraders
10 Aug ’23 Post Mortem on Nifty + weekly expiry analysisNifty Weekly Analysis Between the last expiry day and today, Nifty has managed to rise 152pts ~ 0.78% which is a good sign for the bulls. This flattish phase was much required after Nifty picked up a direction from 21st July. The technical analysis points to a trend continuation possibility and should be good for the bears! Nifty Today Analysis Today’s move was very much influenced by the RBI MPC decision on Repo rate & Cash reserve ratio. We will discuss that in detail as part of banknifty’s analysis (below). If you recollect yesterday we had an unusual spike in the last 1 hour & most of the traders including me were not expecting that. What happened today was to negate that move in the opening 1hr. I assume many traders would have taken the stop loss hits both times (1 yesterday and 1 today). After the 1st hour move - nifty did not really go anywhere. If you notice the chart above the price levels at 14.30 yesterday & the close today is the same. The 100pts in the last 1hr yesterday and the 128pts between 10.20 to 10.40 today was just a roller coaster ride for thrills. The OTM options premiums were reflecting this perfectly - neither did we have a major spike yesterday nor today. So the big boys were quite expecting this. The 1hr chart shows how nifty has managed to close right at the trend line today. If we have a gap down opening tomorrow - the bears will feel confident to push down the prices further. The first target to take out would be the 19300 levels. On the other hand if we have a gap-up opening, the bulls will have to take control to breach the 19690 levels which will negate the lower-high formation. My stance is 80% bearish and 20% neutral for tomorrow.
NSE:NIFTYShort
by viswaram
#Nifty"Good morning! As of August 10th, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a ranging market or a correction. On the other hand, if the market exceeds yesterday's high, we can expect the rally to continue with minor corrections. However, the important thing to note is that today's market has a significant event: the RBI MPC meeting at 10 am. This is a major event, and the market will likely move based on its outcome. So, it's advisable to take your position a bit more cautiously. "
NSE:NIFTY
by Manickamtraders
Nifty Intraday TradeSetup for 10-08-2023Nifty important Intraday levels to watch are as follows Expectations: Volatile day #Support: 19540 Sell below: 19540 only on 15 minute candle closure below the level. agressive sell below demand zone. Target 1: 19450 Target 2: 19320 #Resistance: 19640 Buy Above: 19640 only on 15 minute candle closure Above the level. agressive buy above supply zone. Target 1: 19690 Target 2: 19780 #Demand Zone: 19450-19480 may act as a buying zone and price may bounce from the region marked in green on the chart. #Supply Zone: 19765-19745 may act as a selling zone and price may reject from the region marked in red on the chart. #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
09 Aug ’23 Post Mortem on Nifty Analysis Blown to Pieces Today🧨Yesterday we went with a 60% Neutral and 40% bearish stance for today. What happened from open till 13.15 - was in perfect harmony & as per the script. But the intraday rally of 177pts ~ 0.91% was totally shocking! I was unprepared, unplanned and must say ran into losses today because of my bias. I should say with 100% honesty - my research failed me today. I had gone short once we broke the 19500 level - the rationale being Nifty is staying below the descending trend line. The short position held above water till the 19470 levels from where the reversals started hurting. Above 19590 even my neutral bias was taken for a ride. On the losses part - I dont feel that bad, because I have seen RED MTM before. But its been a while since my homework has proven me dead wrong. Even now I am not entirely sure why we rallied like that, was it due to the RBI interest rate decision planned for tomorrow? (we will discuss in detail in the banknifty analysis section). The 14.15 hourly candle that added 111pts ~ 0.57% has changed the game for Nifty. It ensured the final close is above the bearish trend line. The options premium of both PE and CE were abnormally low in spite of strong swing. This also limited my fire-fighting capabilities. For tomorrow I wish to stay neutral to start with, go long if 19700 levels are taken out and go short if we fall to 19550 levels.
NSE:NIFTY
by viswaram
1
Nifty Trade Setup for 09-08-2023Nifty important Intraday levels to watch are as follows Expectations: Rangebound/Sideways day. #Support: 19550 Sell below: 19550 only on 15 minute candle closure below the level. agressive sell below demand zone. Target 1: 19510 Target 2: 19460 #Resistance: 19590 Buy Above: 19590 only on 15 minute candle closure Above the level agressive buy above supply zone. Target 1: 19640 Target 2: 19680 #Demand Zone: 19530-19550 may act as a buying zone and price may bounce from the region marked in green on the chart. #Supply Zone: 19630-19600 may act as a selling zone and price may reject from the region marked in red on the chart. #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 9th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a ranging market. However, if it breaks the immediate support zone, the correction is more likely to continue.. On the other hand, should the market exceed yesterday's high, we can expect the rally to continue with minor corrections."
NSE:NIFTY
by Manickamtraders
2
FASP levels for Nifty 08/08/2023The FASP for Nifty is listed for 08-08-2023. 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
08 Aug ’23 Post Mortem on Nifty - 60% neutral 40% bearishNifty made an interesting opening 2 hour price action today. With a good gap up opening and then a strong rejection at 19640 levels to hit an intraday low of 19533 by 11.35. The selling pressure was strong, but the financial sector did not lend support. NiftyIT was falling - but that got arrested and hence the reversal post 11.35. Currently we have a situation where Nifty50 did not break through the descending trend line. I had revised my bias from neutral to bullish yesterday with the assumption that we will have a breakout today. Instead what has formed currently is more or less like a bearish trend continuation pattern if Nifty does not cut through 19680 by tomorrow. My personal conviction is 60% neutral and 40% bearish tomorrow. Few sectors like Nifty Metal, Nifty Energy, Nifty FMCG, Nifty Commodities, Nifty Auto, Nifty Consumption were in red today which is building a case for a bearish event. Guess it's safe to monitor the trades tomorrow and update if we have a change in stance.
NSE:NIFTY
by viswaram
Nifty TradeSetup For 08-08-2023Nifty important intraday levels to watch for 08-08-2023 #Support: 19570 Short if candle closes below 19570 #resistance: 19620 Long if candle closes above 19620 #Targets on downside after break of support. Target 1= 19530 Target 2= 19460 #Targets on upside after break of resistance. Target 1= 19680 Target 2= 19735 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 8th, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone), while the market trend remains moderately bullish. Therefore, whether it opens with a gap-up or down, it doesn't matter. If the initial market experiences sharp declines, we can anticipate a ranging market. On the other hand, if the market surpasses yesterday's high, we can expect a continuation of the rally with minor corrections."
NSE:NIFTY
by Manickamtraders
07 Aug ’23 Post Mortem on Nifty Stance changed to bullish 🐂🐂🐂On Friday 4th Aug Nifty made a gap up opening and created an island day. We had changed the stance from bearish to neutral. And today nifty managed to build-up momentum on top of what happened on Friday, to me - that’s bullish. After opening gap, nifty managed to stay above the 19530 level quite strongly. At 09.30 nifty made the low of 19524 and then went back to 19585 level. Imagine the bears could not even push Nifty to the prior day's close values. This was even after not getting real support from banknifty. From 10.50 to 12.25 Nifty stayed range bound and was not indicating a real directional move as the options data was suggesting low volatility in spite of India VIX shooting 5%. But Nifty managed to get a rally going and by 13.40 we hit the high of the day ~ 19620. Once it broke past the 19600 level - I had to change the stance from neutral to bullish. The major strength for Nifty was the NiftyIT & NiftyPharma sectors. On the 1hr TF Nifty has managed to reach the bearish trend line, and many may think that my stance change is too early. What I personally feel is, its better to play the long side right now and reverse the stance if we have a rejection from the descending trend line.
NSE:NIFTYLong
by viswaram
Nifty trade Setup for 07-08-2023Nifty important intraday levels to watch for 07-07-2023 #Support: 19485 Short if candle closes below 19485 #resistance: 19550 Long if candle closes above 19550 #Targets on downside after break of support. Target 1= 19440 Target 2= 19380 #Targets on upside after break of resistance. Target 1= 19660 Target 2= 19730 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 - Analysis & Prediction - 07 to 11th Aug 2023Nifty Prediction: BEARISH / Negative Sentiment Nifty is trading inside a channel pattern, it has resistance at 19525-19570 level & Support at 19300-19330. Nifty likely to Open Gap down next week, and will test 19350 where we can expect BULLISH reversal. if 19300 is compromised more down fall expected. BULLISH trend only above 19573. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:NIFTYShort
by ViVenTraders
2
04 Aug ’23 Post Mortem on Nifty Honeymoon over for the bears?For 2 consecutive days the bears had a good time and now it is over! Today’s price action and the inability of the sellers to push down the prices indicate the bulls are gaining traction. Most analysts would prefer to watch for 1 to 2 more days before changing the bearish bias - I would prefer to change my bias from bearish to neutral right away. In the recent past too, the dips have been very shallow and short lived. Today we had a gap up opening followed by a ZERO attempt to close the gap. The island formation (encircled in blue) shows how high the grapes have been held high for the BEARS (The taste is sour if you were a short seller). All hope is not lost, not until the trend line is taken out. That is why it is not advised to go long nor go short. I would prefer to trade with a neutral stance till we get more clarity. Everytime Nifty hits a new ATH, I think the reversal is overdue and will come shortly. But the fall never came, everytime there is a minor correction - the dip buyers come in and rally the markets above the ATHs. Just like me there would be many bears who are eating dust waiting for a crash!
NSE:NIFTY
by viswaram