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Niftyintradaysetup

Nifty trade Setup for 06-07-2023Nifty Important intraday levels to watch for 06-07-2023 #Support: 19375,... 19344 Short if candle closes below 19375 for scalping. agressive short below 19344. #resistance: 19420 Long if candle closes above 19420. #Targets on downside after break of support. Target 1= 19300 Target 2= 19250 #Targets on upside after break of resistance. Target 1= 19480 Target 2 = 19550 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
05 Jul '23 Post Mortem on NiftyI had a feeling that we are nearing a top after seeing the price action on 03 Jul. The 4th Jul session was also cementing that thought. And today's session till 14.35 was giving me lot of confidence to take a short position. But what happened from 14.40 to close, esp. 15.500 to 15.10 was simply unbelievable. Nifty rose 0.42% ~ 81.3pts to end the day flat at 0.05% gains. The strength in that recovery is now putting a big question mark on my interim top call. Although we did not take out the ATH today  - that momentum would have crushed the hopes of many bears. Last day we discussed how we require strong CE shorting to start a downward slide, unfortunately that was not visible today.  1hr TF Ever since we had that breakout from the 18880 levels, N50 has appreciated another 3% ~ 569pts. Either the rally is over extending or the bullish sentiment is so strong to wipe out the bears. It is quite easy for N50 to scale up as there are no more friction points, similarly its much easier to breakdown as we dont have support points too. The last 30mts of today's trade has given confusing signals now. I have marked a trading band between 19304 to 19415 (length of the 1st hour candle on 04 Jul). Till this band is not broken - I have decided not to take any bets.
NSE:NIFTY
by viswaram
Nifty Trade Setup for 05-07-2023Nifty Important intraday levels to watch for 05-07-2023 #Current Price: 19385 #Support: 19360 Short if candle closes below 19360. #resistance: 19400 Long if candle closes above 19400. #Targets on downside after break of support. Target 1= 19300 Target 2= 19250 Target 3= 19180 #Targets on upside after break of resistance. Target 1= 19480 Target 2 = 19550 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 trade setup for 04-07-2023Nifty Important intraday levels to watch for 04-07-2023 #Current Priec #Support: 19300 Short if candle closes below 19300. #resistance: 19345 Long if candle closes above 19345. #Targets on downside after break of support. Target 1= 19250 Target 2= 19180 #Targets on upside after break of resistance. Target 1= 19400 Target 2 = 19466 Follow us for more such information and educational ideas. Give it a like if you like the idea. Queries can be answered in comment section.
NSE:NIFTY
by InvestyourAsset
03 Jul '23 Post Mortem on NiftyAnother island formation by N50, gap up opening of 68+ points and then a rising with strong momentum. I was eagerly waiting for a pullback to take some contra positions. Although we had a small retracement from 10.30 to 11.20 approx 78pts - there was no follow-through. So the only viable option trade was selling the PUTS. This is the 4th consecutive day where N50 is jumping gaps & never closing them intraday - pure island formations. Usually when we have multi year breakouts & sentiment shifts we get to see consecutive breakaway gaps. India VIX had an intraday LOD to HOD swing range of 11.4%, it was hovering between 8 to 9% higher than the previous working day. Quite unusual to have high VIX when the markets are powering through nil resistances. I may be the only analyst who feels an interim top is getting formed at the current levels give or take 50–80pts. The rationale being, we have run out of gas. If the momentum has to continue - it has to come from NiftyIT and it has to come fast. We cannot stay at these levels without pure momentum, otherwise the bears will start their game! 1hr TF The island formations in blue color. The area that I personally feel may be an interim top 19334. Again I am okay to be proven wrong if we have further island formations! Even though I might feel a top is getting formed, I have not taken any bearish bets nor should you! As an option trader it is best to react to the market once it makes its move rather than predicting it.
NSE:NIFTYShort
by viswaram
Nifty Trade Setup for 03-07-2023Nifty50 Important intraday levels are as follows, #Support: 19140 Short if candle closes below 19140. However, a short scalping trade can be initiated if a 5 minute candle is closed below the trendline support marked in dashed green line. #resistance: 19201 Long if candle closes above 19201. #Targets on downside after break of support. Target 1= 19100-19080 Target 2= 19020-19000 #Targets on upside after break of resistance. Target 1= 19240 Target 2 = 19290-19300. Follow us for more such information and educational ideas. Give it a like if you like the idea. Queries can be answered in comment section.
NSE:NIFTY
by InvestyourAsset
Nifty Weekly Analysis for Jul 3 - 7🔍 Analysis on Nifty for the Upcoming Week 🔮 Jul 3 - 7 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 18465, 18645, 18890, 19190, & 19200. 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional view (Sideways). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 19200, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 18650, confirmed by a strong and clear daily candle, it may signal a decline towards the 18465 level. 📊 Support Level: As long as Nifty sustains above the support level of 18650, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
30 Jun '23 Post Mortem on Nifty50Nifty opened gap up at 19076 immediately hitting an all time high, that was just the start. Most of the traders were expecting N50 to close the gap and fall to the trading range of the previous day. That did not happen, instead N50 was firing on all cylinders. The major reason for this thrust in rally came from NiftyIT which ended +2.5% today. IT's strength overshadowed almost every other sector - the result a perfect rally for N50 today with strong closing. The new ATH is now 19201.7. Just imagine we had a 200pts swing once the magic number of 19000 was broken in the last session. Most likely few of the participants who missed out would have come back with loads of cash to deploy. Is it a good time to have a FOMO feeling - I am not quite sure! Since there are no available resistance levels - its a free hand for N50 to play boss. The only way to restrict N50 would be for the big boys to start writing CE shorts. The problem is - who will have the courage to short sell? Since its a breakout rally & the momentum could get so strong to wipe you off the feet. Chances are the bears will have to wait for some external triggers as the earnings may not disappoint. 1hr TF The last 3 sessions have been highlighted, if you notice we had island gaps in all 3 indicating a sentiment shift. The first support level has been marked at 18880 now below which N50 could get back into the range-based trading.
NSE:NIFTY
by viswaram