Niftyintradaysetup
#Nifty"Trading day, March 21st: The global market indicates a positive start with a moderately bullish nature that may begin with a gap-up. After that, If the gap-up sustains, we can expect a rally continuation with minor corrections. On the other hand, if the initial market declines sharply, we can expect a range market or minor correction that should break the 61% Fib level."
#NIFTY Intraday Support and Resistance Levels - 21/03/2023Nifty will be gap up opening in today's session. The expected opening above the 17050 level and the 17050 to 17100 level is the consolidation range and if nifty breaks the 17100 level this level then the possible upside go up to 17200+ in today's session. in case nifty trades below the 17050 level than possible downside rally up to 100-200 points.
#Nifty"Trading day, March 20th: The global market indicates a negative start, with a moderately bullish nature that may begin with a gap-down. If the market immediately takes a pullback, we can expect minor consolidation before the rally continues, and it should break the Fib level of 38%. On the other hand,. On the other hand, if the initial market declines sharply, we can expect a minor correction that will reach an immediate support level. If the market rejects this level, we can expect a pullback. However, if the market breaks that level, it could indicate a trend reversal."
#NIFTY Intraday Support and Resistance Levels - 20/03/2023Nifty will be gap down opening in today's session. The expected opening above the 17050 level and the 17050 to 17100 level is the consolidation range and if nifty breaks the 17100 level this level then the possible upside go up to 17200+ in today's session. in case nifty trades below the 17050 level than possible downside rally up to 100-200 points.
NIFTY 50 - MONDAY 20-03-23In the last few days, the Nifty50 has found support near 16800 and has risen to 17123. The hourly chart shows that Nifty's support level is around 16985-86. So, I'll keep my long position until the Nifty crosses 17000. According to my forecast, the index will reach 17250 within the next few days.
The SGX Nifty is down significantly on Friday. The market is expected to open lower on Monday. However, it is an opportunity for swing traders to open a new long position.
This video is for educational purposes only. Please make any investment decisions after consulting with your SEBI Registered Analyst or advisor.
#Nifty"Trading day, March 17th: The global market indicates a positive start, with a moderately bullish nature. It may open with a gap-up. If the market sustains around the 38% fib level, we can expect a continuation of the pullback. On the other hand, if it sharply rejects the 38% fib level, we can expect a minor correction in the form of a three-wave structure."
#Nifty"Trading day, March 16th:The global market is indicating a neutral start, but the market's current trend is bearish. It may open with a slight gap-up, but if the market breaks above the EMA 20, we can consider that the market may reverse its trend from bearish to bullish. On the other hand, if the market declines sharply at the beginning, then the correction will likely continue. And don't take long position until forming a proper reversal signal."
#NIFTY Intraday Support and Resistance Levels - 16/03/2023Nifty will be slightly gap down opening in today's session. After opening nifty sustain below 16950 level and then possible downside rally up to 16850 in today's session. in case nifty trades above the 17000 level then the upside target can go up to the 17100 level.
nifty trade setup 16/3/23market to continue having negative outlook on account of continuing global meltdown. expecting gap down opening of about 80-100 points (around 16900 levels).
can look for Pe side trade below 16935 with sl of 19650 for target of 16900/19874/16755/16650.
not much on upside. can look at Ce side trade only above todays day high 17210, though the R/r does not appear favorable. Scalping can be attempted above 17000 with buy of dips if such conditions occur.
#Nifty"Trading day, March 15th: The global market indicates a positive start, with a moderately bullish nature. It may open with a gap-up. If the market sustains, we can expect a strong rally that will reach a minimum of 38% to 50% Fib level. On the other hand, if it declines initially, we can expect a minor correction."
#Nifty"Trading day, March 14th: The global market indicates a positive start, but structurally, the market's nature is bearish. It may open with a gap-up. After that, if the market sustains around the minor 38% fib level, we can expect a continuation of the pullback. On the other hand, if it sharply rejects the minor38% fib level, then we can expect a continuation of the correction."
NIFTY, March 14, 2023NSE:NIFTY
17300 act as resistance, wait for breakout if breakout confirm then our target is 17500-17600
17100 can act as support level consider shorting below this level, next support is on 17000-16950.
Happy trading :)
Rana Sandeep Singh
Analyst, Trader, Investor
Detailed daily index analysis at
in.tradingview.com/u/starkwelt/
FASP levels for Nifty 14/03/2023
The FASP for Nifty is listed for 14-03-2023. 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.