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Niftyintradaysetup

Nifty daily analysis for 13/07/23 (weekly expiry).Nifty is unable to cross above the high and has given a nice selling candle in the last hour. The market today was in a sideways mood and consolidated in 40 points range during the middle hours and cracked down closing below the support level of 19400. On the hourly charts, market traded around the 20 ema and closed below it. Either side market is not giving any trend and option traders during the first and the last hour might have gained some points, else they might have given the stop losses. On 15 minutes time frame, the market has closed between both the moving averages. And has given a down trend formation. Support :- 19300, 19250 Resistance :- 19400, 19500 Tomorrow is weekly expiry and market has given trend moves both side in this week. Watch for the move and huge points can be capture if there is a fall. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
#niftyGood morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market for correction. Conversely, if the initial market experiences a sharp decline, then the correction will continue.
NSE:NIFTY
by Manickamtraders
2
FASP levels for Nifty 12/07/2023The FASP for Nifty is listed for 12-07-2023. 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 10th, the global market is showing a negative start with moderately bearish market sentiment. It might open with a gap-down. If it breaks the immediate support zone after the opening, we can expect the correction to continue. On the other hand, if the initial market experiences a sharp pullback, we can expect a minimum of 38% to 61% Fib pullback. After that, if it sustains, we can expect the pullback to continue. however, if it takes decline then we can expect correction continuation"
NSE:NIFTY
by Manickamtraders
07 Jul '23 Post Mortem on Nifty - time for shortsNifty hits an all time high of 19523.6 at 10.00 today, this was after we opened gap down and then had a series of powerful green candles. The surge that took N50 higher was so special that if you looked at 10.00 AM you would never have thought of going short. Opening gap down was due to the handout from the global markets & it was expected. but the 102pts rally to the ATH was unusual. I am quite sure the last of the bears would have exited the marketplace seeing the strength. Now when we look back, it seems like a classic pump and dump scheme! Trades Taken As soon as the N50 broke today's low 10.45, I took a bearish credit spread i.e sell 19500 CE at 62.25 and buy 19600 CE at 32.85. The max profit on this trade is Rs1470, max loss is Rs3530 and Break even = 19529.4. The risk:reward = 2.4. This is taken for the current weekly expiry and since its a credit strategy, the time decay will help it. If the market stays as it is or continues to go down the position will remain profitable. If the market scales back up to 19500 levels quickly, my position will start bleeding & I would have to start running for cover. 1hr TF The indicator gave a sell signal by 12.15 only on the 1hr chart. Since the intraday is viewed at a lower time frame of 15mts & 5mts - the trade was taken early. N50 is currently at the 3rd July close levels wherein there was a top like formation. If we continue to fall from here then the trades between 03 Jul to 07 Jul will look like a blip on a longer time frame. Having said that 19330 will form the first support/resistance zone (although not strong).
NSE:NIFTYShort
by viswaram
06 Jul '23 Post Mortem on Nifty I became a believer today, amazing outperformance by our stock market indices, Nifty50 hits a new all time high of 19512.2 (conquering the 19500 level for the first time). At 19350 levels I had an interim top call & the market has proven me wrong (yet again). Today's super surge is nothing short of extra ordinary, the global cues were pretty negative after US FED indicated further rate hike possibilities. As I write this report, SPX is down 1.3%. Still our Nifty50 propelled to new highs. The breakouts are not stopping, the bulls have chased away the bears yet again.  --- Weekly Analysis Nifty50 Between last expiry Jun 28th & today, Nifty50 has gained 2.57% ~ 488pts. The neatest ~ 500pts rally I have seen in a while. This is absolutely due to the breakout we had from the 18880 levels! Today's Analysis We had an intraday rally from LOD to HOD of 138pts ~ 0.72%. The leg1 of spike was from open to 11.35 where we gained 0.51% and then leg 2 was short & crisp 14.05 to 15.10 with gains of 0.37%. The closing 1hr yet again proving to be pivotal w.r.t movements. The daily candle on N50 looks even more exciting with 6 strong green candles out of the last 8 working days. Who is going to tame the bull now?
NSE:NIFTY
by viswaram
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