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Niftyintradaysetup

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
26 Jul ’23 Post Mortem on Nifty | A trend reversal in store?Today’s gap up opening and the race towards 19825 took out my stop loss. From last Friday we were short on Nifty, this stop loss hit proves to me that the bears are short lived in our market. Nifty50 went up 147pts ~ 0.75% from the prev. close enough to take out the 19800 levels where I had placed the protective stop. The main reason for the rally was the boost in RIL, ITC and LT. Until the high of the day was formed - NiftyIT was also supporting it. And at 11.15 NiftyIT started reversing whereas banknifty which was starting to fall reversed. The contra move in NiftyIT and BankNifty was like a script from a tamil movie (perfectly musical). The final effect was Nifty50 was able to hold its ground. At around 11.30, I was not able to agree with the technicals and took a smaller position - bought 19600 PE @ 10.5. Now I have 2 opposite positions of long and short on Nifty50 carried forward to the expiry tomorrow. Most likely the PE position will expire worthless or I may have to convert it into a ratio spread. The negation of the short-term bearish trend is visible + the island formation due to the gap up. If we get a mega gap down tomorrow, i.e. a quick fall below the 19650 levels - I will be more inclined to ride on the bear wave and consider today’s price action as a fake. ... Please comment with your thoughts, opinion or bias, I will respond with mine!
NSE:NIFTYLong
by viswaram
Nifty Trade setup for 05-07-2023Nifty important intraday levels to watch for 25-07-2023 #Support: 19660 Short if candle closes below 19660. #resistance: 19760 Long if candle closes above 19760. #Targets on downside after break of support. Target 1= 19600 Target 2= 19500 #Targets on upside after break of resistance. Target 1= 19820 Target 2= 19870 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 26th, the global market is starting positively, with GIFT Nifty showing a +12 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 slight 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 breaks below the immediate support zone
NSE:NIFTY
by Manickamtraders
6
25 Jul ’23 Post Mortem on Nifty - Starting to Breakdown?Nifty had a decent recovery between 13.35 to 14.55 where it gained back 89pts ~ 0.46% after it fell 96pts ~ 0.49% from the open. The moves were exactly similar to the financial service index - because it was caused by the FinNifty components. This casts the doubt that it could be an expiry related move rather than a natural pullback. For better clarity we would need to wait for tomorrow’s trade. Ideally Nifty was poised to continue the falling chat pattern as confirmed by the diverging moving average slope. I almost thought 19600 will get taken out for good today, but that's exactly the area from which it reversed and gained up all the lost points. It will be interesting if tomorrow’s trade happens below the 19670 levels which might give the 19707 levels a temporary resistance zone. I still continue to hold the bearish view unless proved wrong by taking out the immediate swing high. ... Please comment with your feedback & suggestions - I will use that to improve my services! viswaram. com
NSE:NIFTYShort
by viswaram
#nifty"Good morning! As of July 25th, the global market is indicating a positive start, with GIFT Nifty showing a +45 point increase. There is no significant difference from the last session, suggesting a range-bound market structure. The market's nature is moderately bullish, and there is a possibility of a slight gap-up opening. If it sustains within the range, we can expect the market to continue without a correction. However, a correction may occur if it breaks below the immediate support zone."
NSE:NIFTY
by Manickamtraders
4