Nifty Rebound Ahead: Watch for a Monday Low Before the Climb!Nifty is Poised for a gap down on monday but looks like it has a strong support at 24700-650 levels, if it sustains that then should see a rebounce till 25050 levels.
100 EMA is at the current level 24850 levels as well !!
Its going to be a volatile week ahead !!
Niftyintradaytradesetup
NIFTY Prediction for tomorrow 26 Mar 24As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support.
PCR = 1.24 (Highly Bullish)
Important Levels: marked on chart
Support: 22000 , 21930
Resistance: 22164, 22428
Verdict: Bullish
Plan of Action:
Sell 22164 CE & 22000 PE. Exit one leg if it breaks the zone. (hedge with 20/- PE)
NIFTY Analysis for tomorrow 19 Mar 24As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support.
Important Levels: marked on chart
Support: 22050 , 21930
Resistance: 22164
Verdict: Sideways
Plan of Action:
Sell 22000 CE & PE. Exit one leg if it breaks the zone. (hedge with 20/- PE)
Simple Trade Setup | NIFTY | 30-01-2023 [INTRADAY]NSE:NIFTY
Observations:
1) on 15min TF we can see some support and resistance channel.
Please refer below chart : 15min time frame.
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Trade Setup for 30-01-2023
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.