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Niftyintradaysetup

#nifty"Good morning! As of August 4th, there is no significant difference compared to the last session. However, the global market sentiment is slightly positive (based on the Dow Jones alone), and the market trend is bearish. There is a possibility of opening with a neutral to slight gap-up. Afterward, if the initial market breaks the previous day's closing price, it will reach the 38% Fib level. This level acts as a strong resistance, so there might be a rejection here. We can expect a continuation of the pullback only if the market breaks the 38% Fib level. On the other hand, if the initial market experiences sharp declines, we can anticipate a continuation of corrections with minor pullbacks, but it should break the previous day's low."
NSE:NIFTY
by Manickamtraders
02 Aug ’23 Post Mortem on Nifty + Start of a new TREND 🐻Maybe it was the news that Fitch cut the US rating from AAA to AA+ that sparked the reversals in Asian markets. Our market too started to fall but had a decent recovery in the last 1 hr (just as usual). The global markets were staying at elevated levels for quite some time now. Our market is at the APEX with the outperformance unchecked. Even with such a strong news flow - the downward impact was not that much, but we did take out some important levels which shows the down-ward rally may be just starting. Nifty opened gap down and then fell till 11.35 with no signs of slowing down or pull back. We lost 218pts ~ 1.1% in the process which I think is the greatest loss in a 2hr window in recent times. From 11.35 to 12.45 we traded sideways before the 2nd leg of fall started, we fell 132pts ~ 0.68% in leg2 And just as usual we had a dip-buying or maybe a profit taking from the shorts in the last 1hr, where we recovered 90pts ~ 0.47%. The total fall was just 1.05% ~ 207pts which is in no measure a major impact. In yesterday's report we mentioned a bias shift to neutral from bullish. When the main support level got taken out, it made sense to go short. And then in round2 the next pivot level was taken out which prompted another round of selling. The failure to take out the 19400 level and a 90pts pullback did take out some confidence of mine. India VIX although went up 10% today, staying at 11% does not show any fear. For mass participation we need a strong rising VIX above 16 within the next week. Nifty has made a triple top on a descending channel - till the channel holds the bias is now changed to bearish!
NSE:NIFTYShort
by viswaram
FASP levels for Nifty 04/08/2023The FASP for Nifty is listed for 04-08-2023. 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
3
Nifty Expiry TradeSetup for 03-08-2023Nifty important intraday levels to watch for 03-07-2023 #Support: 19430. Short if candle closes below 19480 for scalping with strict trailing SL. Major support is placed at 19430. #resistance: 19540 Long if candle closes above 19540. #Targets on downside after break of support. Target 1= 19360 Target 2= 19300 #Targets on upside after break of resistance. Target 1= 19640 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"Good morning! As of August 3rd, the global market sentiment is slightly negative (based on the Dow Jones alone), and the market trend is bearish. Therefore, whether it opens with a gap-up or down doesn't matter. If the initial market experiences sharp declines, we can anticipate a continuation of corrections with minor pullbacks (potentially breaking the previous day's low). On the other hand, if the initial market undergoes some consolidation, there is a possibility of a 50 to 61% pullback (with the potential to break the 38% Fib level)."
NSE:NIFTY
by Manickamtraders
Nifty trade Setup for 02-08-2023Nifty important intraday levels to watch for 02-07-2023 #Support: 19710 Short if candle closes below 19710 #resistance: 19765 Long if candle closes above 19765 #Targets on downside after break of support. Target 1= 19630 Target 2= 19560 #Targets on upside after break of resistance. Target 1= 19820 Target 2= 19865 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
01 Aug ’23 Post Mortem on Nifty - better to stay neutral ✌️I had a long bias on Nifty from yesterday, the gap up was expected but the fall from 10.10 to 10.45 looked quite surprising to me. NiftyIT was supporting, the earlier fall came mostly from the FinNifty components - its understandable as its expiry. The much awaited levels to watch out for were 19700 to 19680 where nifty had spent some time yesterday as well as on 27th Jul. The below chart will show the relevance of 19700 levels a break would have ensured in a bias shift from long to neutral. The 60pts ~ 0.31% rally that followed till 13.30 gave hopes to the bulls. But for any bullish activity we need some strong action tomorrow, the volume + price action in RELIANCE in the closing minutes did not favorable, so before fresh longs we will monitor the price action during the opening 1hr tomorrow. Till then its better that we stay neutral. ... Comment with your thoughts, opinion or bias, I will respond with the levels I am watching for tomorrow !
NSE:NIFTY
by viswaram
Nifty trade setup for 31-07-2023Nifty important intraday levels to watch for 31-07-2023 #Support: 19560 Short if candle closes below 19560. #resistance: 19770 Long if candle closes above 19770. #Targets on downside after break of support. Target 1= 19470 Target 2= 19380 #Targets on upside after break of resistance. Target 1= 19760 Target 2= 19850 Target 3= 19970 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
#niftyGood morning! As of August 1st, the global market has a slightly positive sentiment (based on only Dow Jones), and the market nature is moderately bullish. Therefore, it might start with a minor gap-up. After that, if the market rejects the immediate resistance, we can expect a minor correction. On the other hand, if it breaks through, it moves your target to the next resistance level. However, if the market opens gap-down, we can expect a range-bound market. We can anticipate a correction only if it breaks the previous bottom.
NSE:NIFTY
by Manickamtraders
1
FASP levels for Nifty 01/08/2023The FASP for Nifty is listed for 01-08-2023. 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 July 31st, there is no significant difference between the last session, but the global market has a neutral sentiment (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down. If the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
NSE:NIFTY
by Manickamtraders
FASP levels for Nifty 31/07/2023The FASP for Nifty is listed for 31-07-2023. 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 July 27th, the global market indicates a negative start (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down; if the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
NSE:NIFTY
by Manickamtraders
27 Jul ’23 Post Mortem on Nifty + Weekly + Monthly AnalysisNifty Monthly Analysis Nifty is up 707pts ~ 3.73% this July Expiry month. The breakout from the last known resistance of 18880 came on the last working day of the previous month. All Nifty had to do was sustain that momentum and see where it has taken it? Almost for 11 days Nifty revised its all time highs. The last 5 days has been pretty unlucky for the bulls. Nifty Weekly Analysis Probably this was the only week in this month that belonged to the bears, we dropped 268pts ~ 1.34% between the last expiry and today. And this is the first week in this current month where nifty did not hit a new all time high. Although I had taken the short position from last friday, it was negated in the trade yesterday. And I am back to square one today as Nifty shows bearishness. Nifty Daily Analysis Nifty fell an impressive 264pts ~ 1.33% today and did 2 important things today. Broke the island gap formation of yesterday, immediately negating the bullish stance Broke the swing low of day before yesterday confirming continuation in bearish stance. In yesterday’s analysis we did discuss the possibility of a fake move if Nifty retouches the 19600 levels. I wanted that to happen in the forenoon, but it happened only by 15.00. And the last 30mts nifty gained back 100 points to close in decent territory. The 2 abrupt moves took out my stop losses in either direction, so this week it was all learning and no earning 🙂 Yesterday’s island formation encircled, to enter the prior session’s bearish stance - nifty will have to fall below 19540 tomorrow. This may seem quite too much as US markets SPX, DJI and NDQ are currently celebrating better than expected GDP data. Regarding the options premium behaviour - I will discuss in the banknifty analysis below. ... Please comment with your thoughts, opinion or bias, I will respond with mine!
NSE:NIFTYShort
by viswaram
FASP levels for Nifty 28/07/2023The FASP for Nifty is listed for 28-07-2023. 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 27-07-2023Nifty important intraday levels to watch for 27-07-2023 #Support: 19760 Short if candle closes below 19760. #resistance: 19820 Long if candle closes above 19820. #Targets on downside after break of support. Target 1= 19670 Target 2= 19580 Target 3= 19500 #Targets on upside after break of resistance. Target 1= 18880 Target 2= 19990-20000 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
#niftyGood morning! As of July 27th, the global market is starting positively, with GIFT Nifty showing a +75 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a gap-up opening. If the market stays within the range, it's likely to continue going up without a big drop. However, be cautious of a potential correction if it sharply rejects around the fib level of 78%.
NSE:NIFTY
by Manickamtraders