NIFTY Intraday Trade Setup For 10 Feb 2022 Buy-Above 17480 Sl-17450 T-17530 17570 Sell- Below 17430 Sl-17460 T-17380 17340 17300 NIFTY has just consolidated in today's trading session. No major move was seen. This momentum drop was expected after a decent gap up. Our plan was to buy above the dragonfly 's high. But index opened with a big gap up. However index...
NSE:NIFTY Most of all the trade setup and levels remains same as per previous. Observations: 1) On 15 min time frame, we can see inverse head and shoulder patter. If it activate then we can see up move. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 09-02-2022 1) Don't Jump in to trade at the...
Nifty opened with a minor Gap-down, we saw selling since morning and Nifty kept forming lower lows throughout the day. Trades we took Today: > Bought Nifty 17500 PE Feb Expiry at 280, it made a high above our Last Target 355 and Traders booked great profit > Bought Nifty 17600 PE at 240, it made high at above our Last Target 284 and Traders booked great...
NIFTY Intraday Trade Setup For 09 Feb 2022 Buy-Above 17310 Sl-17260 T-17380 17460 17500 Sell-Below 17120 Sl-17160 T-17000 16900 NIFTY has formed a hammer or kind of dragonfly doji. The current fall may subside here for some time. Action will be seen above 17310. We planned to sell below 17110. We got around 60 points profit. However There was a trendline...
NSE:NIFTY Observations: 1) On 1 day time frame, if you remember this support channel from my previous trade setups then we can see that now it is back in this support channel and closed around the middle trendline of this channel. Also if you apply 100EMA on 1 day time frame, then it closed decisively below it. 100EMA is placed at 17363.23 level. Please...
NIFTY Intraday Trade Setup For 08 Feb 2022 Buy-Above 17335 Sl-17295 T-17400 17450 Sell-Below 17110 Sl-17160 T-17000 16910 NIFTY was all total trending. Below our sell level 17460. Index hit a low of 17120. Our target was 17300. This fall was triggered mainly dues to HDFC & BAJAJ twins. Market is sell on rise. Avoid trading buy trades with breakout setups....
Nifty opened with a minor Gap-up around 17580, faced resistance near 17620 and we again saw selling towards 17460 zones. Trades we took Today: > Bought Nifty 17700 PE at 250, it made a high above our 3rd Target 290 and Traders booked great profit > Bought Nifty 17500 CE at 210, added more at 195 and booked around 220, Traders booked profit > Bought Nifty 17650...
NSE:NIFTY Trade Setup for 07-02-2022 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...
Nifty opened with a minor Gap-down around 17775, we saw a big rejection near to 17800 zones and there was selling in Nifty since open. Trades we took Today: > Bought Nifty 17550 CE at 173 which we booked with 18 points loss > Bought Nifty 17700 PE Feb Expiry at 275 which made a high above our first Target 300 and Traders booked great profit > Bought Nifty 17500...
NIFTY Intraday Trade Setup For 07 Feb 2022 Buy-Above 17580 Sl-17540 T-17670 17745 Sell-Below 17460 Sl-17500 T-17375 17310 NIFTY has just consolidated on Friday's trading session. NIFTY was stronger than BANKNIFTY. Seeing 15 Min candles , we can clearly see buying activity happening. There are lower wick rejection candles being formed at 17500 level. Bulls are...
NSE:NIFTY Observations: 1) On 1 day time frame, it face resistance from 21DMA and closed below 100DMA. Now next support is at 50DMA. Please refer below chart : 1day Time Frame. 2) If you remember support channel, then we can see it closed almsot just at the upper trendline of channel. Please refer below chart : 1day Time Frame. ...
Nifty opened with a Gap-up above 17700 and after some consolidation in the morning, we saw a good up-move in the last 2 hours. Trades we took Today: > Bought Nifty 17500 CE at 235 which we booked with minor loss. Due to slow movement, we didn't take more trades. Tomorrow, if Nifty sustains above 17800 we may see an up move towards 17840 - 17900. Expectations...
NIFTY Intraday Trade Setup For 04 Feb 2022 Buy-None Sell-Below 17490 Sl-17540 T-17410 17310 We discussed that NIFTY is at 0.618 level in the hourly TF. Index fell from the golden FIB level. Index was week since opening. No intraday bounce was seen. We planned to short below 17725, it fell till 17520 non-stop. It was a good trending day. Coming to tomorrow's...
Nifty opened with a big Gap-up around 17530 due to strong global cues and Nifty made a high at 17622 which acted as resistance and we saw a drop towards the 17240 zone. It was a highly volatile session as expected due to a Budget day. Trades we took Today: > Bought Nifty 17400 CE at 260, it made a high above our Last Target 300 and Traders booked great profit in...
NSE:NIFTY Observations: 1) On 1 day time frame, it closed just above 21DMA. 21DMA is placed at : 17768.74, which means 17770 is immediate support. Above this level it is bullish below this it is slight bearish. Major support is in range of 17600-17650. Below this range only it will be in bearish bias. Please refer below chart : 1day Time Frame. 2) On...
NSE:NIFTY Observations: 1) On 1 day time frame, it took support from 100EMA and remained below 100MA. 17640 is immediate resistance. 17350 is immediate major support. Please refer below chart : 1day Time Frame. 2) Also on 1 day time frame, it managed to close above the parallel channel. Please refer below chart : 1day Time Frame. ...
NIFTY Intraday Trade Setup For 02 Feb 2022 Buy-Above 17625 Sl-17575 T-17757 17855 Sell-Below 17500 Sl-17550 T-17400 17250 NIFTY has formed a strong bullish candle in the daily TF. NIFTY was strong in the morning session. Our 1st target was 17600. It was tested and market fell sharply from there in the 2nd trading session. We planned for the budget range...
Hello Traders, Due to Budget session-2022, I have given more levels. NIFTY@01/02/2022 ------------------------- If Market Opens as a- GAP-UP: Support of PDH (BUY) – Rejection of PDH (SELL) FLAT: Support of Resistance(BUY) – Rejection of PDL (SELL) GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL) ------------------------------------- Happy Learning...