Niftyintradaysetup
SHORT NIFTY @ 10:00 AM | FALL EXPECTED FOR 30TH JULYAs per SpanAttack timings algo, we look forward for a fall today after 10:00 AM. Sell Nifty after 10:00 AM today. Marked the crucial resistance levels, try to sell as close as you get.
Sell Nifty: After 10:00 AM and near crucial important resistance levels.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty Intraday Support & Resistance Levels for 31.07.2024On Tuesday, Nifty made a high of 24971.75, just short of the 15m supply zone mentioned in the last post, and fell during the last 30 minutes of trading, closing at 24857.30. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. The support and resistance levels remain the same as mentioned in the last post:
Support Levels:
Near Demand/Support Zone (15m): 24711 - 24734
Near Demand/Support Zone (30m): 24624 - 24657
Major Demand/Support Zone (125m): 24296 - 24426
Resistance Levels:
Near Supply/Resistance Zone (15m): 24974 - 25000
Nifty Intraday Support & Resistance Levels for 30.07.2024On Monday, Nifty opened gap up and made a new all-time high of 24999.75, followed by a fall of over 200 points from the top before closing at 24836.10. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near Demand/Support Zone (15m): 24711 - 24734
Near Demand/Support Zone (30m): 24624 - 24657
Major Demand/Support Zone (125m): 24296 - 24426
Resistance Levels:
Near small Supply/Resistance Zone (15m): 24974 - 25000
Nifty Intraday Trade Setup | 30th JulyNifty opened with a slight gap-up and after testing 25000 levels we saw a sharp profit booking for approx 200 points. We suggested buyers to be cautious around 25000, hope no one would have trapped in buying at higher levels.
For tomorrow, if Nifty sustains above 24860 we expect to see an up-move towards 24900 and above levels. On the other side, if Nifty breaks 24780 on the downside we may see 24720 and lower levels marked the chart.
Expectations: Selling for higher levels.
Intraday Levels:
Buy Above - 24860
Sell Below - 24780
Nifty50 Support And Resistance 30-July-24
Please find below simple resistance and support
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Nifty Intraday Support & Resistance Levels for 29.07.2024On Friday, Nifty broke the resistance level of 24450 in the first 15 minutes, then rallied to a new all-time high of 24861.15 and closed at 24834.85 with a gain of 428 points. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near Demand/Support Zone (15m): 24711 - 24734
Near Demand/Support Zone (30m): 24624 - 24657
Major Support/Demand Zone (125m): 24296 - 24426
No supply/resistance zone is seen on the chart as of now.
Nifty Intraday Trade Setup | 29th JulyNifty opened with a slight gap-up and after sustaining above buy level 24460 we saw a fantastic rally towards 24850 which was Nifty all time high. Nifty made a new ATH at 24861 and closed with a bullish tone.
For tomorrow, if Nifty sustains above 24920 we expect to see an up-move towards 94960 and above levels. On the other side, if Nifty breaks 24780 on the downside we may see 24720 and lower levels marked the chart.
Buyers be cautious near 25000 levels as it's a physiological resistance.
Expectations: Selling for higher levels.
Intraday Levels:
Buy Above - 24920
Sell Below - 24780
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty Analysis for Monday 29 July 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000.
So I am providing highest probability intraday setup in Nifty50
My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce.
If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
Nifty Intraday Trade Setup | 26th JulyNifty opened with a gap-down and after consolidation we saw a short covering rally from around 24200 to 24425 levels.
For tomorrow, if Nifty sustains above 24460 we expect to see an up-move towards 24500 and above levels. On the other side, if Nifty breaks 24350 on the downside we may see 24300 and lower levels marked the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 24460
Sell Below - 24350
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty Intraday Support & Resistance Levels for 26.07.2024On Thursday, Nifty opened gap down but recovered 200 points from the day low and closed at 24406.10. The Weekly trend (50 SMA) and Daily trend (50 SMA) remain positive. As Nifty stayed between the important levels of 24200 to 24450, the support and resistance levels remains the same as mentioned in the last post.
Support Levels:
Major Demand/Support Zone (75m): 24056 - 24150 (already tested 2 times)
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (75m) for weekly trade: 24607 - 24674
Far Supply/Resistance Zone (15m): 24741 - 24774
Nifty Intraday Support & Resistance Levels for 25.07.2024On Wednesday, Nifty took support at the 15m Demand zone mentioned in the last post and bounced to 24450 but didn't cross this important resistance. On the lower side, 24200 will play as crucial support. If broken, we might see a further fall in Nifty. As mentioned in the last post (linked in "Related Ideas" below), if 24074.20 (Budget Day low) is not held, the next major support zone is seen at 23667 on the daily chart. Weekly trend (50 SMA) and Daily trend (50 SMA) are still positive.
Support Levels:
Major Demand/Support Zone (75m): 24056 - 24150 (already tested 2 times)
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (75m) for weekly trade: 24607 - 24674
Far Supply/Resistance Zone (15m): 24741 - 24774
Note: While writing this, GIFTNIFTY is showing 220+ points negative, indicating a potential gap down opening.
Nifty Intraday Support & Resistance Levels for 24.07.2024On Tuesday, during a highly volatile budget session trading day, Nifty broke the major daily support zone, making a low of 24074.20 before closing just 30 points down at 24479.05. If yesterday's low is not held, the next major support zone is at 23667 on the daily chart. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near minor support/demand zone (15m): 24278 - 24362
Major support/demand zone (75m): 24056 - 24150 (already tested yesterday)
Major support/demand zone (Daily): 23350 - 23667
Resistance Levels:
Near supply/resistance zone (75m) for weekly trade: 24607 - 24674
Far supply/resistance zone (15m): 24741 - 24774
Nifty Intraday Support & Resistance Levels for 23.07.2024On Monday, Nifty entered the daily demand zone mentioned in the previous post and bounced over 200 points from the bottom before closing at 24509.25. The weekly trend (50 SMA) remains overbought, while the daily trend (50 SMA) remains positive. The support and resistance levels remain the same as previously mentioned.
Support Levels:
Near support/demand zone (125m) for weekly trade: 24193 - 24357
Major support/demand zone (Daily): 24141 - 24461
Resistance Levels:
Near supply/resistance zone (15m): 24741 - 24774
Near supply/resistance zone (75m) for weekly trade: 24774 - 24854.80
NIFTY Budget day prediction for tomorrow 23 JUN Tomorrow is Budget Day; all of you must be very excited to trade it. Usually, there is not very good price action for such events. The market might take turns from pivotal points marked on the chart.
If we look at the chart now:
The market is trading at 50 EMA (1H-TF). The market also trades at a 0.5 Fib level. which might provide a good support zone.
Support levels: 24500, 200 EMA, 24188, 23985
Resistance levels: 24570, 24820
If we look at the OI data:
PCR = 0.90 shows the market has a bullish sentiment. 24500 is Max pain. Lower levels have significantly higher PE writing than CE writing on higher levels, making a bullish market structure.
Tomorrow's market moment depends upon the budget announcement.
Reason:
RSI ~ 40 - 60 shows the market is in a sideways structure.
Once Price breaks the range of 50 EMA and 200 EMA, it will decide the direction of the market.
PCR = 0.90 indicates market-bullish sentiments.
Price> VWAP shows a Bullish market structure.
Verdict: Neutral
Plan of action:
Wait for 15 min candle. Wait for good price action on the 24500 levels, and make your positions accordingly.
Nifty Intraday Support & Resistance Levels for 22.07.2024On Friday, Nifty opened gap up at an all-time high of 24584.80 but did not sustain and fell more than 300 points from the top, closing at 24530.90. It did not respect any intraday demand zones mentioned in the earlier post due to heavy profit booking ahead of the Budget session scheduled for today. The weekly trend (50 SMA) remains overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near support/demand zone (125m) for weekly trade: 24193 - 24357
Major support/demand zone (Daily): 24141 - 24461
Resistance Levels:
Near supply/resistance zone (15m): 24741 - 24774
Near supply/resistance zone (75m) for weekly trade: 24774 - 24854.80
19 Jul 2024 - The first real signs of tiredness, stance neutralNifty Stance Neutral ➡️
Nifty managed to only gain 14pts ~ 0.06% this week, but we hit a new ATH on all 4 working days. The new ATH is 24854, but before we talk about that - the price action of 18th Jul requires special mention.
We fell 84pts ~ 0.34% between open & 09.35, then we went up 162pts ~ 0.66% by 10.11. We then fell again 173pts ~ 0.7% by 11.31 and then rose 332pts ~ 1.36% by 14.51. Down-up-down-up, we had 4 mutually contradicting price movements, these are not normal times & the traders who are facing these headwinds are not ordinary either. It really takes so much courage & inner peace to trade with a level head.
The price action that followed today was a one way trip, a decent 346pts ~ 1.39% intraday fall after hitting a new ATH of 24854. The only reason I am going neutral from the bullish stance is because of the intensity of the fall today.
If we notice further weakness, I would not relent to go short as well. Honestly, going short has never worked for me in the past 1 year or so - the puts just eat the dust every single time. A bear run will wake up all those dreamers, thats what I feel.
#Nifty directions and levels for July 19th.Good morning, friends! 🌺🍬 Here are the directions for July 19th:
In the last session, the Dow Jones fell drastically, indicating a negative bias. Our local market has a mixed bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as indicated by the Gift Nifty, which shows a +10 points.
Nifty and Bank Nifty are showing different structures. Nifty has a solid bullish structure, while Bank Nifty is in consolidation. Let's look at this one by one.
Nifty:
In the previous session, Nifty had a huge movement at the end of the day, making a new high with a solid handle. What’s next? I will explain step by step to help you easily understand.
Point 1: If you roughly look at the chart, it shows a solid bullish structure. You can expect the rally to continue if it breaks the previous high. This is the basic structure.
Point 2: But even if made a new high with solid candle The RSI did not break the previous high in 4H, 1H, or even 15min. At the same time, the Dow Jones also fell drastically.
Point 3: And if u look at the Bank Nifty it did not participate in this rally. but it has a consolidation. If it breaks the consolidation, it may help continue the rally. The probability is uncertain.
Considering these three points, it’s complicated to conclude the direction. Here’s my opinion: if the market breaks the previous high and Bank Nifty supports it, we can enter a long position, which may yield better results. Alternatively, if there is a solid breakout candle, you can enter, but the decision is yours. This is our bullish variation.
Bearish view:
Alternatively, if the market declines initially, we could wait for the 38% Fibonacci level breakout. If it breaks, we can expect a correction of a minimum of 50% to 78%. On the other hand, if it doesn’t break 38%, then it will maintain the bullish bias.
#NIFTY Intraday Support and Resistance Levels -18/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24630 level and then possible upside rally up to 24750 level in today's session. in case nifty trades below 24580 level then the downside target can go up to the 24460 level.
Nifty Intraday Support & Resistance Levels for 18.07.2024On Tuesday, Nifty opened with a gap up and reached a new all-time high of 24,661.25 before closing at 24,613. The weekly trend (50 SMA) is overbought, while the daily trend (50 SMA) remains positive.
Support Levels:
Near support/demand zone (15m): 24,485 - 24,516
Far support/demand zone (30m): 24,331 - 24,395
Major support/demand zone (75m) for weekly trade: 24,056 - 24,150
There is no supply/resistance zone visible on the chart at the moment.
#NIFTY B R E A K D O W N LEVELS 18/07/2024Price is consolidating in the form of a channel and the movement is in zig zag manner. Now price is at the support of the lower trend line. the market is unpredictable so trade carefully big players try to trap retail buyers and make them foolish be careful because the is in a sideways situation before the budget is announced to ensure your trade is profitable or otherwise don't be traded if not make opportunities 100% guarantee.
L E V E L S:-
Support-24400
Resistance-24700-24800
NIFTY Prediction for today 15 July 24As we discussed, NIFTY took support at 24344 and had a good bullish run, broke resistance, and sustained to the upside, showing a good bullish nature.
If we look at the chart now:
The market is trading in the uptrending parrell channel, which has HH and HL, which have a bullish structure.
Support levels: 24429, 24128, 23985
Resistance levels: 24577 and Resistance trendline.
If we look at the OI data:
PCR = 0.86 shows the market has a bullish sentiment. 24500 is Max pain. Lower levels have significantly higher PE writing than CE writing on higher levels, making a bullish market structure.
I am expecting the market to be sideways in the uptrend line channel. If the channel breaks down to the downside, a good bearish momentum can be seen till 24188.
Reason:
RSI > 60 shows the market has a bullish structure.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 0.86 indicates market-bullish sentiments.
Price > VWAP shows a Bullish market structure.
Verdict: Sideways or Bullish
Plan of action:
wait for 15 min candle. Wait for good price action on the 24500 levels, and make your positions accordingly.