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Niftyintradaysetup

Nifty Intraday Trade Setup | 26th AugustNifty opened with a gap-up, and saw follow-up buying above 24920 and Nifty made a high at 25043. We suggested buying Nifty CE in morning which gave move from 180 to 320. For tomorrow, buy Nifty if sustains above 25050 we expect to see an up-move towards 25090 and above levels. On the other side, if Nifty breaks 24960 on the downside we may see 24920 and lower levels marked the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 25050 Sell Below - 24960 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
#Nifty directions and levels for August 26th.Good morning, friends! 🌞 Here are the directions and levels for August 26th. Market Overview The global market has a bullish sentiment (based on the Dow Jones). Meanwhile, our local market is also maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as the SGX Nifty indicates a positive 60-point move as of 8:00 AM. Both the Nifty and Bank Nifty showed consolidation in the previous session, so we are going to maintain what we observed previously. Let's look at this simply. Nifty > In the previous session, Nifty closed with a consolidation structure. Whenever the market consolidates, there is a high probability that it will follow the prevailing direction. > So, If the gap-up sustains and breaks the consolidation, it could reach a minimum of 24,890, which represents a resistance level. If the market sustains or breaks this level as well, then the rally will likely continue to 24,943. > In this scenario, if the breakout has a solid rally, it won't respect the supply zone (24,943); it will likely only take some consolidation. On the other hand, if the market reaches there gradually, it will act as strong resistance. > Alternatively, if the gap-up doesn't sustain or if the market declines initially, the 38% Fibonacci level will act as support. In this case, after the decline, if it finds support at the 38% level, the bullish bias is likely to continue. However, if it breaks the 38% level, it may fall further to the 50% level or swing low on the downside.
NSE:NIFTY
by Manickamtraders
#Nifty Directions and Levels for August Last Week.Nifty and Bank Nifty Directions and Levels for August Last Week. Global Market Overview In the previous week, global markets experienced a long consolidation. By the end of the week, they closed with a solid green candle (based on the Dow Jones). Structurally, this indicates a positive bias; however, some events are on the horizon. If this support holds, our market will also take a bullish cue. Nifty Despite the market closing positively, there was significant consolidation. Structurally, it is a bullish market, so the upcoming session may see a slight increase. After that, if it encounters resistance around the minor supply zone or the all-time high, it may retrace by a maximum of 23% to 38%. Structurally, it shouldn't break this level. Once it finds support at this level, the rally will likely continue to the level of 25,232, which is our first variation. Alternate Variation: The alternate variation also resembles the current view, but there is a small difference that I will explain: - If the upcoming session takes a negative bias, it could result in a correction of 23% to 38% in the minor swing. After that, if it finds support, it may continue the rally, which looks similar to what I see in the current view. - However, if the correction breaks below the 38% Fibonacci level, it may turn into a correction phase. Why? Because the market is currently consolidating around the 78% Fibonacci level. This is a major resistance level for a ranging market as well as for a zigzag correction (Elliott Wave pattern). Once the market starts to correct from there, it may reach a minimum of 78% in the swing low for the minor swing. This is why I mentioned that.
NSE:NIFTY
by Manickamtraders
2
#Nifty directions and levels for August 23.Good morning, friends! 🌞 Here are the directions and levels for August 23. Market Overview In the previous session, the global market fell slightly, but structurally it indicates a bullish bias (based on the Dow Jones). Meanwhile, our local market is also maintaining a moderately bullish sentiment. So, today, the market may open with a neutral to slightly gap-down start, as the SGX Nifty indicates a negative 5-point move as of 8:00 AM. We are going to look at what we saw in the previous session because both Nifty and Bank Nifty are maintaining the previous day's sentiment. Let's look at that simply. Nifty > In the previous session, Nifty opened with a gap-up, but by the end of the day, it closed with a consolidation structure. Whenever the market consolidates, there is a 60% probability of following the direction. So, as per this concept, we are taking our first direction based on this. > that's, If the market pulls back initially, it could reach a minimum of 24,890, which is a kind of resistance level. If the market sustains or breaks this level, then the rally will likely continue to the level of 24,943. > On the other hand, if it rejects sharply around the level of 24,890, it may enter a correction phase, with targets of a minimum 38% to 61% correction in the minor swing. > Alternatively, if the market declines initially, then the 38% Fibonacci level will act as support. In this case, after the decline, if it finds support at the 38% level, the bullish bias is likely to continue. However, if it breaks the 38% level, it may fall further to the 50% or swing low on the downside.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 23.08.2024On Thursday, Nifty opened with a gap up and stayed positive throughout the day but couldn't surpass the opening high of 24867.35. Although it initially broke through the 75m supply zone mentioned in the last post, Nifty closed at 24811.50, which is still within the supply zone. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 24722 - 24747 Far Demand/Support Zone (125m): 24543 - 24605 Far Demand/Support Zone (75m) for Weekly Trade: 24204 - 24340 Resistance Levels: Near Supply/Resistance Zone (75m): 24754 - 24835 (current price is inside the zone) Far Supply/Resistance Zone (125m): 24956 - 25031
NSE:NIFTY
by PriteshPalan
#Nifty directions and level for August 22nd.Good morning, friends! 🌞 Here are the directions and levels for August 22nd. Market Overview The global market is still maintaining a bullish bias. Meanwhile, our local market shows a moderately bullish sentiment. So, today the market may open with a neutral to slightly gap-up start, as the SGX Nifty indicates a positive 45-point move as of 8:00 AM. Nifty and Bank Nifty both have different structures, and their movements are also different. However, structurally, I expect a minor correction. Let’s take a closer look at the charts. Nifty In the previous session, Nifty had a minor pullback, but by the end of the day, it closed positively. Today, it may open with a gap-up due to the GiftNifty indication. after that, If the gap-up doesn't sustain or if it rejects around the 78% Fibonacci level, we can expect a minor swing correction of 23% to 38%. This is our first scenario. In this case, after the rejection, if it finds support at the 38% level, the bullish bias is likely to continue. However, if it breaks the 38% level, it may fall further to the 50% to 61% level on the downside. Alternatively, if the gap-up sustains and breaks the 78% Fibonacci level, the rally will likely continue. The important factor is the breakout structure; if it breaks with solid momentum, we can expect the next target at 24943. However, if it breaks with a grinding move, it won't reach that high.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for August 21st.Good morning, friends! 🌞 Here are the directions and levels for August 21st. Market Overview In the previous session, the global market moved in a consolidation phase, but structurally, it is still maintaining a bullish bias. Meanwhile, our local market shows a moderately bullish sentiment. So, today the market may open with a neutral to slightly gap-down start, as the SGX Nifty indicates a negative 30-point move as of 8:00 AM. If you look at the charts a bit more broadly, there has been a minor change in the Nifty and Bank Nifty charts. Nifty seems to be pushing up, but Bank Nifty is struggling. So, theoretically, this is a sign of consolidation. Let’s take a closer look at the charts. Current View Today's sentiment is similar for both the Nifty and Bank Nifty charts. > That,The market may open with a slight gap-down start, according to the SGX Nifty indication. So, after that gap-down, if the market finds support around the immediate support level, it may consolidate between the previous day's high and the immediate support level. > But, Even if it consolidates, structurally, it will continue the rally once it breaks the previous day's high. In this case, if it breaks the previous high without consolidation (like yesterday’s movement), the same bullish trend may continue further. Alternate View > The alternate scenario suggests that if the gap-down sustains and the market breaks the immediate support level solidly, then the correction could continue, with some minor bounce-backs. These are the two possible scenarios for today's session.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for August 20th.Good morning, friends! 🌞 Here are the directions and levels for August 20th. Market Overview There haven't been any major changes in the global or local markets. Global markets have a bullish sentiment, while our local market shows a moderately bullish sentiment. So, today the market may open with a neutral to slightly gap-up start, as the SGX Nifty indicates a positive 25-point move as of 8:00 AM. In the previous session, Nifty closed with consolidation, so the previous sentiment may continue today as well. However, I will explain it simply. First, let's look at an alternate variation. Alternate Variation: The previous pullback was strong, that indicating a bullish trend. So, if the market breaks the previous high solidly or after some consolidation, we can expect the rally to continue. This is our alternate view. In this case, if the breakout has a solid structure, then the upcoming rally could be a long one, structurally forming a "flag pattern." On the other hand, if the breakout occurs with low volume, meaning if it breaks with some grinding, the upcoming rally could be smaller. Current View: The current view is similar to what we saw in the last session. If the market finds support at the immediate support level, it may continue to consolidate, and if this happens, it could break upward. But if it breaks the immediate support level strongly, then we can expect the correction to continue.
NSE:NIFTY
by Manickamtraders
3
#Nifty directions and levels for August 19th.Good morning, friends! 🌞 Here are the directions and levels for August 19th. Market Overview Global markets have a bullish sentiment, while our local market shows a moderately bullish sentiment. So, today the market may open with a gap-up start, as the SGX Nifty indicates a positive 80-point move as of 8:00 AM. Nifty and Bank Nifty share the same sentiment today, so let’s look at that. In the previous session, Nifty had a solid pullback, so structurally, we can expect a bit more continuation. However, since the SGX Nifty has already accounted for those points with a gap-up start, if the initial market declines or faces rejection around the resistance level (61%), then we can expect a minimum retracement of 23% to 38%. After that, if it finds support, the bullish bias is likely to continue. However, if it breaks the 38% level, it may fall further to the 61% level on the downside. >> (If you can understand this point, use it; otherwise, please avoid it—it’s not a big deal. I stopped at the 61% level because I mentioned the proper Fibonacci swing in the weekly analysis. Mostly, if it breaks 38% , then it will respect the overall 38% Fibonacci level. If I had made a video, it would be easier to understand, but I didn’t. So Simply , if today’s market breaks the 38% level in the minor swing, then go and read the weekly Nifty post. That might help you understand where to take the proper Fibonacci levels.) Alternatively, if the market sustains or breaks the 61% resistance level, then the rally will likely continue to the 24,713 level, which is a kind of resistance. As per the structure, this will act as a minor resistance.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for August 4th week.Good evening, friends! 🌺🍬 Here are the market directions for the 4th week of August: Global Market Overview In the previous week, global markets had a solid bullish bias. However, this week, a few important events like the FOMC minutes, the Fed Chair's speech, and Initial Jobless Claims are on the horizon. So, the market may move based on these data releases. As per the chart structure, I'm expecting a bullish bias. Nifty and Banknifty Last week, both Nifty and Banknifty experienced significant swings, but these movements stayed within a range. Structurally, it's a range-bound market. So, if the market breaks out of this range, we can expect the next movement. Until then, the market will likely continue within the range. However, the global market is indicating a bullish bias, so if that plays out, we can expect the pullback continuation. But I started with a bearish bias because the structure suggests it. Let’s look at the charts. Structurally, both Nifty and Banknifty represent the same sentiment: Nifty - Current View: If Nifty starts with a bullish bias in the upcoming session, then it may face rejection around the 61% Fibonacci level. If that happens, it may retrace a minimum of 23% to 38%. After that, if it finds support around the 38% level, the bullish sentiment will continue, and we can expect a rally once it breaks the previous high again. On the other hand, if it breaks below the 38% Fibonacci level, it may enter a correction phase. The correctional targets are expected to be a minimum of 61% to 78%. This is our first variation. Alternate View: The alternate view suggests that if the initial pullback sustains or breaks the 61% level, then the rally will continue with some minor consolidation. In this case, the targets are expected to be a minimum of 24,713 to 78%. If the rally faces rejection around the 78% level, we can expect a minor correction of 23% to 38%. This correction is minor.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Trade Setup | 19th AugustNifty opened with a gap-up, saw profit booking in morning which dragged Nifty near our buy zone 24200. Nifty took support and we saw sharp rally towards 24563. For tomorrow, buy Nifty if sustains above 24530 we expect to see some up-move towards 24580 and above levels. On the other side, if Nifty breaks 24400 on the downside we may see 24350 and lower levels marked the chart. In case Nifty opens with Gap-up let it sustain above 24600 for fresh buying. Expectations: Volatile movement. Intraday Levels: Buy Above - 24530 Sell Below - 24400 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
16 Aug 2024 - Change in Stance to Bullish, Nifty up 174ptsLast week we discussed how Nifty was still in the bearish stronghold and then a break above 24389 was mandatory for a change in stance. 09 Aug 2024 - Nifty down 334pts, makes a 61.8% This week, Nifty not only broke the 24389 ~ 61.8% retracement level but went ahead and broke the 24525 ~ 78.6% level too. This double break has prompted me to go bullish, but there is one catch - BankNifty is still flat though. The momentum has come from the IT sector this time. On Friday, 16th alone - we had an intraday rally of 359pts ~ 1.49%. I thought the Monkey Pox (mpox) news might weigh in and the markets may remain flattish, but the rally still continues to amuse me.  Regarding the mpox, I was quite worried about the below article from WHO. How many of you think we may have another round of lockdown? This time the public may turn against the government for ruining their livelihood and enforcing vaccine mandates. Markets are not pricing in this news yet, or the news has probably not reached the threshold to create panic. I also feel the US markets may react first and then us. "WHO Director-General declares mpox outbreak a public health emergency of international concern" Nifty has managed to go up 174pts ~ 0.72% for this current week, the ATH is still 500pts away but the bullish momentum may help us close the gap. I personally feel we may not go higher than 24800 till the 22nd. Our stance is bullish.
NSE:NIFTYLong
by viswaram
Nifty Intraday Trade Setup | 16th AugustNifty opened with a gap-up and we saw highly range bound day where Nifty spent most of the time within 24100 - 24190 and we didn't get any trade based on the idea we shared for today. For Friday, if Nifty sustains above 24200 we expect to see some up-move towards 24240 and above levels but we aren't confident in buying and look for sell on rise opportunities. On the other side, if Nifty breaks 24090 on the downside we may see 24050 and lower levels marked the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24200 Sell Below - 24090 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Nifty Intraday Support & Resistance Levels for 14.08.2024On Tuesday, Nifty opened flat but slipped below the previous day's low, ending the session at 24139 with a loss of 208 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 24079 - 24118 (tested yesterday) Near Demand/Support Zone (75m) for Weekly Trade: 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (30m): 24268 - 24330 Far Supply/Resistance Zone (75m): 24381 - 24444 Far Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835
NSE:NIFTY
by PriteshPalan
#Nifty directions and levels for August 14th.Good morning, friends! 🌞 Here are the directions and levels for August 14th. Market Overview Global markets have been maintaining a range-bound movement, while our local market shows a moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start because the SGX Nifty indicates a positive 30-point move as of 8:00 AM. Yesterday's Movement: In the previous session, Nifty Nifty experienced drastic drops. However, if you take a broader view of the charts, these movements occurred within a range-bound market. Why does this matter? Because if the market rejects any of the support levels, a solid bounce might occur. So, what about today? I’m highlighting two possible scenarios: 1st Scenario: >Even if the market opens with a gap-up, structurally it may not sustain. If this happens, we can expect the correction to continue towards the levels of 24,079 to the 78% Fibonacci level, to the demand zone when it breaks the previous day’s low. >After that correction, if the market finds support around the major support levels, we might see a 23% to 38% bounce back. However, this bounce is not guaranteed; if it doesn’t occur, the correction may continue with minor consolidations. 2nd Scenario: If the gap-up sustains structurally, we can expect an initial bounce back of 23% to 38%. Usually, sharp movements bounce back within this range. If the price gets rejected at this level, the major trend will likely continue. However, if it breaks the 38% Fibonacci level solidly, the current movement may shift to a range-bound market. But the probability of this is less likely. These are today's expectations.
NSE:NIFTY
by Manickamtraders
7
NIFTY prediction for tomorrow 14 Aug 24NIFTY has shown a full sell-off today after the Heisenberg report on the SEBI chairperson. If we look at the chart now: The market is trading near the support area of 24000. The market has been receiving good support from this zone and is expected to take it again. However, as the market has bearish sentiments right now, it might break the level and continue the bearish momentum till 23500. Support levels: 23980, 23506 Resistance levels: 24441, 200 EMA, 24696 If we look at the OI data: PCR = 0.55 shows bearish market behavior. There has been a huge PE sell-off today, which shows bulls are not trusting the market anymore and come out. There is too much CE writing at higher levels than PE writing at lower levels, which shows a high chance of a bearish market in the upcoming session. I am expecting the market to follow 3 cases which are marked on the chart. Case 1 : If it breaks to the downside, it might take minor support at 24000, but it breaks to the downside and can give huge targets till 23500. Case 2 : If 24000 holds, it might get stuck in a range of 24000-24200. Case 3 : If it stays in the channel, it can become bullish and have targets of 24441. Reason: RSI < 40, showing the market is going to be in a bearish structure. The Price is trading in a good support zone. It takes support and might end up sideways. PCR = 0.53 shows that the market is huge Bearish. Price < VWAP shows a Bearish market structure. Verdict: Bearish or Sideways. Plan of action: Wait for 15 min candle. Wait for good price action on the 24000 levels, and make your positions based on cases accordingly.
NSE:NIFTYShort
by finnova_
Nifty Intraday Trade Setup | 14th AugustNifty opened with small gap-down and we saw selling pressure since morning, sell trade triggered below 24300 as per intraday set-up shared on Tradingview for today, we updated that we expect to see more selling once Nifty breaks 24200 and it achieved all targets on downside. For tomorrow, if Nifty sustains above 24210 we expect to see some up-move towards 24250 and above levels but we aren't confident in buying and look for sell on rise opportunities. On the other side, if Nifty breaks 24080 on the downside we may see 24040 and lower levels marked the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24210 Sell Below - 24080 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Nifty50 weekly expiry analysis for14/08/24.Nifty is trading in a parallel channel and is around the support trendline. From the last week sell the markets recovered and are now again around the lower levels. Daily 20 ema has been creating a resistance for the market and a good rejection is seen from that level. Even on the smaller time frame, market is trading below the moving averages, which signifies a bearish market. Fibonnaci and the price action are also looking bearish on the daily charts. Tomorrow is the weekly expiry for both the indices and a chance of seeing a follow through candle are there, if there is a flat to slight gap up opening (around 24150-180). A huge gap up will create confusion and market may form a doji candle. Major support levels :- 24090, 24000, 24910 Resistance levels :- 24225, 24320 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum