Niftyintradaysetup
#Nifty"The global market indicates a neutral to negative start. The market nature is moderately bearish, and it may start with a gap-down. After that, if the market consolidates around the swing low, we expect a harmonic demand zone (HDZ). However, if the market rejects around the swing low, we expect a pullback that will reach a minimum of 23 to 38% fib level. On the other hand, if the initial market take pullback, then we expect a range-bound market as per the structure."
#NIFTY Intraday Support and Resistance Levels - 27/02/2023Nifty will be flat opening in today's session. The expected opening above the 17450 level and the 17450 to 17490 level is the consolidation range and if nifty breaks the 17490 level this level then the possible upside go up to 18590+ in today's session. in case nifty trades below the 17450 level than possible downside rally up to 100-200 points.
FASP levels for Nifty 27/02/2023The FASP for Nifty is listed for 27-02-2023. 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.
NiftyFutures Key Trading Levels for 27th Feb 2023NiftyFutures Key Trading Levels for 27th Feb 2023
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision.
#Nifty Trading day 24/2/23 "The global market indicates a positive start. The market's nature is moderately bullish, and it may start with a gap-up. After that, if the market is rejected around the major resistance, we can expect a correction. Alternatively, if the market consolidates that zone, it's a sign of pullback continuation. On the other hand, if the initial market declines, we can expect a range-bound to correction."
#NIFTY Intraday Support and Resistance Levels - 24/02/2023Nifty will be gap Up opening in today's session. After opening nifty sustain Above the 17600 level and then possible upside rally up to 17700 in today's session. in case nifty trades below the 17550 level then the downside target can go up to the 17450 level.
#NIFTY Intraday Support and Resistance Levels - 23/02/2023Nifty will be gap Up opening in today's session. After opening nifty sustain Above the 17600 level and then possible upside rally up to 17700 in today's session. in case nifty trades below the 17550 level then the downside target can go up to the 17450 level.
FASP levels for Nifty 23/02/2023The FASP for Nifty is listed for 23-02-2023. 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.
Simple Trade Setup | NIFTY | 23-02-2023 [INTRADAY]NSE: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 23-02-2023
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"The global market is expected to start with a negative tone, as the overall sentiment is moderately bearish. There may be a gap-down at the beginning of the trading session. If the market takes a pullback around HDZ, we could see a minimum 23% to 38% Fibonacci retracement. On the other hand, if the gap-down sustains around the HDZ, the market could experience further decline."
FASP levels for Nifty 22/02/2023The FASP for Nifty is listed for 22-02-2023. 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 daily analysis for 22/02/2023.Nifty has formed another negative candle and closed below the 20 ema. The market took support around 17800 levels.
On the hourly time frame, the market tried to trap the bullish trades. It took resistance from the moving average and reversed giving a nice bearish trade. There is a bearish moving averages crossover also.
The market remained in a 100 points range and closed flat.
There is a lower high lower low formation. If the markets start trading below 17800 levels, bearish trades can be initiated.
The market has closed near 38.2% fib levels. It can test the 50% level and reverse.
For bullish trades watch for the inclined trend line to break and retest.
Support :- 17800, 17735
Resistance :- 17920, 17970-18000
Wait for the price action near the levels before entering the trade.