#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."
Niftyintradaysetup
#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."
#NIFTY Intraday Support and Resistance Levels - 22/03/2023Nifty will be gap up 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 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.