Nifty intraday levels for 03.04.2023Resistance level:17437
Support level : 17311
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart.
If candles are sustaining between resistance and support levels, consider as neutral.
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance.
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for back testing & better understanding
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Niftyintradaysetup
nifty levels for 3rd April '23Nifty on Daily TF is moving in a parallel channel and the resiatnce is now at around 17571, which is also a gap filling area and the upper channel of the parallel channel.
On 4hrs TF it has created a double bottom pattern the target of which comes at around 17500-17550.
On 15 mins TF there is rising trendline, the breakdown of which can lead to gap filling on the downside also the retest of the the double bottom pattern.
For intraday white lines are the Pivot zone.
Upside targets are the green lines and downside targets are the red lines.
#Nifty"Trading day, March 31:The global market indicates a positive start, with a moderately bullish market nature. It may start with a gap-up, and after that, we can expect the rally to continue with minor consolidation. Additionally, there is a sub-wave 5 to watch out for. Once the market rejects with divergence, it might reverse. In my opinion, it may not be a big fall, so we can expect a minimum of 38% Fib correction."
Nifty intraday levels for 31.03.2023Resistance level:17233
Support level : 16999
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level, we can expect upside move and the targets will be fib retracement levels as per chart.
If candles are sustaining between resistance and support levels, consider as neutral.
If candles are sustaining or break below support level, we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance.
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for back testing & better understanding
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
#NIFTY - POSITIONAL VIEWThe Nifty index is expected to find support in the range of 16900-16950 and subsequently rebound, generating upward momentum. In the event that the price falls within the specified range and a 15-minute candle closes above the level of 16950, a bullish trend towards the target level of 17180 is anticipated. However, to manage the risk of potential losses, a stoploss level of 16820 is recommended.
In summary, the analysis suggests that there is a potential opportunity for traders to enter into a bullish position on the Nifty index, but this should be done with careful consideration of the specified support and resistance levels and the associated risk management strategies.
#Nifty"Trading day, March 29th: The global market indicates a slightly positive start with a moderately bearish nature. It may begin with a gap-up. If the market breaks the fib level 38%, we can expect a minimum Fib level of 61 to 78%. However, if the market sharply rejects that zone, it's a sign of correction, or at least a potential range-bound market. On the other hand, if the market breaks yesterday's low, we can expect a continuation of the correction."
#NIFTY Intraday Support and Resistance Levels - 29/03/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 17000 level and then possible upside rally up to 17100 in today's session. in case nifty trades below 16950 level then the downside target can go up to the 16850 level.
#Nifty"As of March 28, the trading day is indicating a positive start, but the market nature is moderately bearish. It may begin with a gap-up. After that, if the market sustains it, we can expect a range market. On the other hand, if the market declines initially, we can expect the continuation of the correction."
#NIFTY Intraday Support and Resistance Levels - 28/03/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 17050 level and then possible upside rally up to 17150 in today's session. in case nifty trades below 17000 level then the downside target can go up to the 16900 level.
FASP levels for Nifty 28/02/2023The FASP for Nifty is listed for 28-03-2023. 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.
nifty levels for 28th marchnifty traded in a range and gave a breakdown of a daravas box formed on hrly tf at closing. Also a symmetrical traingle is formed in hrly tf. currently the market is in trap zone. 29th is monthly expiry, market is expected to remain in high volatility. on breakdown of 16800, nifty is likely to test 16400.
White lines are the Pivot Zone.
Upside targets are the green lines.
downside targets are the red lines.
Nifty"As of March 27, the trading day is indicating a positive start, but the market nature is bearish. It may begin with a gap-up. After that, if the market sustains it, we can expect a pullback of at least 38 to 61% at a bearish outlook. On the other hand, if the market declines initially, we can expect the continuation of the correction."
#NIFTY Intraday Support and Resistance Levels - 27/03/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 17000 level and then possible upside rally up to 17100 in today's session. in case nifty trades below 16950 level then the downside target can go up to the 16850 level.
Simple Trade Setup | NIFTY | Last week March 2023NSE:NIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
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Trade Setup for Last week of March 2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
#Nifty"Trading day, March 24: The global market is indicating a slightly negative start with a moderately bearish nature. It may begin with a gap-down. After that, we can expect a pullback around the immediate support zone. and we can use fib swing high to low. if it breaks the 38% fib level, we can expect a pullback to the 61 to 78% levels. On the other hand, if the market rejects the 38% fib level, we can expect a continuation of the correction."
#NIFTY Intraday Support and Resistance Levels - 24/03/2023Nifty will be flat opening in today's session. After opening nifty sustain above 17050 level and then possible upside rally up to 17130 in today's session. in case nifty trades below 17020 level then the downside target can go up to the 16950 level.
#Nifty"Trading day, March 23: The global market indicates a neutral start with a moderately bullish nature, which may begin with a neutral tone. If the market breaks yesterday's high, we can expect the rally to continue. However, if the market declines, we can expect a minor correction that will reach a minimum of 23 to 38% Fib correction. If the correction breaks the 38% Fib level, that's a sign of a trend reversal, and it may reach the 61 to 78% Fib level."
#NIFTY Intraday Support and Resistance Levels - 23/03/2023Nifty will be flat opening in today's session. After opening nifty sustain above 17130 level and then possible upside rally up to 17230 in today's session. in case nifty trades below 17100 level then the downside target can go up to the 17020 level.
#Nifty"Trading day, March 22: The global market indicates a neutral start with a bullish nature that may begin with a neutral to slightly gap-up . after that, If the market breaks 38%, we can expect a rally to continue. On the other hand, if the market rejects around 38%, we can expect a minimum of 38% Fib correction. If the correction breaks the 38% Fib level, that's a sign of trend reversal, and it may reach a 78% to swing low."