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NIFTY Intraday Trade Setup For 14 May 2024NIFTY Intraday Trade Setup For 14 May 2024 Bullish-Above 22150 Invalid-Below 22100 T- 22430 Bearish-Below 21820 Invalid-Above 21870 T- 21600 NIFTY has closed on a positive note with 0.22% gain today. Index respected the lower trendline of the channel being followed in daily TF. Index has formed a Pinbar candle which indicates a potential reversal in the short term. Tomorrow above 22140 there can good upside move and 61.8% retracement will be initiated. Important resistance lies near 22425-50.Bears will take a grip below 21930. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22150 then we will long for the target of 22425-50. For selling we need a 15 Min candle close below 21800. T- 21600. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
#Nifty direction and levels for May 13th.Good morning, friends! 🌺🍬 Here are the directions for May 13th: The global market still maintains a moderately bullish sentiment (based on the Dow Jones), while our local market sentiment indicates a bearish trend. It might open with a neutral to slightly gap-down start, as suggested by GiftNifty, showing a decrease of -20. >Nifty had consolidated after the sharp correction. GiftNifty indicates a slightly gap-down start, so it may open negatively. After that, if it takes a pullback initially, it might reach 50 to 61% in the upside fib levels. Because, as per the wave structure, a pullback has a three-wave structure, but there are only two waves formed. So, we can expect an initial pullback. However, if it finishes the three-wave structure, the major trend (correction) will continue. That means, after that pullback, if it rejects around the 50 or 61% fib level, then it may turn into a correction phase. Note- Alternatively, if it breaks or sustains around the fib level 61%, then the pullback will continue further. Alternate variation - if the gap-down sustains, we can expect correction continuation that will reach a minimum of the demand zone to the swing low (21777). Structurally, it could be in sub-wave 5th, so the correction may take less volume.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 13 May 2024NIFTY Intraday Trade Setup For 13 May 2024 Bullish-Above 22150 Invalid-Below 22100 T- 22235 Bearish-Below 21930 Invalid-Above 21980 T- 21680 NIFTY has closed on a bearish note last week with 1.87% cut last. Last week we discussed that there is a possibility of short term downside move below 2nd leg Shooting Star's low- 22340. Index triggered the short trade and gave one way move till 21950 without a major pullback. Also index has taken a halt at lower trendline in daily TF. Once again let me discuss the major weekly levels which are 22800 and 21700. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22150 then we will long for the target of 22350. For selling we need a 15 Min candle close below 21930. T- 21680. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
10 May 2024 - Inability to take out the 22051 resistance - BEARSNifty Analysis - Stance Bearish⬇️ Recap from yesterday: "On the higher timeframe, N50 has made a massive double top, see the black dotted line. If it materializes, it could even be a real shocker to the bulls out there. Just like we discussed this week, if 21913 is getting taken out, the inverse H&S pattern will get negated." Nifty was unable to take out the immediate resistance of 22051 conclusively although we stayed above these levels between 09.47 to 10.47 and then between 11.11 and 11.35. The inability to break out is some validation for the Bears to continue exerting the pressure. On the 63mts TF, the bearishness continues. The next target of 21913 is still in our watchlist and if we fall below that - the real action begins. #Nifty50 algo ended up generating Rs10912 today.
NSE:NIFTYShort
by viswaram
Nifty50 Support And Resistance 13-May-24 Please find below simple resistance and support: Resistance: 22093 If crossed up then will see upward move: TGT: 22131 Support: 21984 If crossed down then will see downward move: TGT: 21813 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
Nifty Institutional levels | Intraday - 10-May-2024Soon i will give update on how to use this IT levels in Options Trading. Disclaimer:- The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of the individual. We strongly recommend consulting with a qualified financial advisor or professional before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we disclaim any liability for any loss or damage arising from reliance on the information provided. Users are solely responsible for their own investment decisions and actions and off course we are not SEBI registered.
NSE:NIFTY1!
by ReviveTraders
#Nifty Directions and Levels for May 10th.Good morning, friends! 🌺🍬 Here are the directions for May 10th: The global market maintains a moderately bullish sentiment (based on the Dow Jones), while our local market sentiment indicates a bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +40. Nifty fell drastically yesterday too. The structure suggests the correction could continue further, but GiftNifty indicates a gap-up start. So, how can we interpret this? Simply put, the first variation is that even though the market opens with a gap-up, it won't be sustained. If it happens, then we can expect a minimum of 21882 (DZ). After that, if it takes a sharp pullback, we can expect a minimum of 38% pullback wave. On the other hand, if it doesn't find support there or consolidates, then the correction may continue further. The alternate variation suggests that if the gap-up sustains initially, we could wait for the Fibonacci level 38% breakout. If it breaks, then it may reach the Fibonacci level 61% with minor consolidation. However, if it rejects there(38%), then it may lead to a range market to correction, as the trading market mostly respects the Fibonacci level 38%.
NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Prediction Levels for 10 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:NIFTY
by suraranjanganguli
09 May 2024 - The decision to stay Bearish paid off handsomely🐻Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "On a closing basis, N50 finished the day above 22295 at 22302. Ideally, I should change the stance from bearish to neutral, but let me give the benefit of the doubt to the Bears for one more day." If you look at the horizontal lines, it may appear like I drew them today after the Nifty's move. Thankfully many of my readers know pretty well that these lines were drawn way back and somehow the support/resistance levels look magically working. Nifty opened below the 22295 level, closed the gap, and then started falling. The first candle gave the impression that N50 would stay neutral today, but after the 3rd candle, things were looking quite resourceful for the Bears. Even then, I never thought we would fall 345 points today, the max target I had in my mind was to retest the 22051 levels and then settle there. 22051 SR zone is shown in the 2nd blue highlight. From 12.51 to 14.31, N50 spent its time there before breaking down. The next major support was at 21913, but we did not go there thankfully. On the higher timeframe, N50 has made a massive double top, see the black dotted line. If it materializes, it could even be a real shocker to the bulls out there. Just like we discussed this week, if 21913 is getting taken out, the inverse H&S pattern will get negated. I am not really sure how my algos are minting money. The strategy I have is straddles and ideally in trending markets, I should be losing - maybe it has something to do with the unusually high VIX.
NSE:NIFTYShort
by viswaram
Nifty Intraday Prediction Levels for 9 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:NIFTY
by suraranjanganguli
NIFTY Intraday Trade Setup For 9 May 2024NIFTY Intraday Trade Setup For 9 May 2024 Bullish-Above 22370 Invalid-Below 22320 T- 22605 Bearish-Below 22170 Invalid-Above 22220 T- 22000 NIFTY has closed on an absolute flat note today. Yesterday we discussed that index has reached 50 EMA and there is a chance of respect. Tomorrow after a flat opening if index sustains today's high then there can be 0.618 % pullback of the recent fall from 22800. Important resistance will be 22610 which will be our long target too. Below 22170 we will short and expectation will be to ride the short trade as per the recent trend. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22370 then we will long for the target of 22605. For selling we need a 15 Min candle close below 22170. T- 22000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 7 May 2024NIFTY Intraday Trade Setup For 7 May 2024 Buy-Above 22600 Invalid-Below 22550 T- 22810 Bearish-Below 22340 Invalid-Above 22390 T- 22100 21885 NIFTY has closed on a slight bearish note with 0.15% cut today. It gaped up and did not trigger any trade levels. Infact it traded between previous day's range. Tomorrow if it opens flat and 22340 is sustained then we can witness a good trendy move towards 22100 as per ABCD calculation. 22100 zone will be an intraday support tomorrow. Above 22600 index will violet 3rd May fall and bulls will take charge for ATH. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22600 then we will long for the target of 22810. For selling we need a 15 Min candle close below 22340. T- 22100 and 21885. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 6 May 2024NIFTY Intraday Trade Setup For 6 May 2024 Sell_1- From 22650 Invalid-Above 22700 T- 22500 Sell_2- Below 22340 Invalid-Above 22390 T- 22110 21886 NIFTY has closed on a bearish note last week as Friday it ended on a bearish note and closed the week near lows. Last week we discussed that index broad range is 22800 and 21700 and still this weekly range is intact. BTW index has formed a shooting star in weekly TF so below 22340 index may slip. Index will give a 90 degree upmove above 22800 if sustained in daily TF. There is a fair chance of gap up on Monday in that case 22650 will act as resistance. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 22340 then we will short. T- 22110 and 21885. In case of a gap up we will short from 22650. T- 22500. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Trade Setup | 6th MayNifty opened with a gap-up and after making a high near 22800 in first hour we saw a crash. We posted a sell idea on Tradingview @ 22780 - 22800 for intraday and traders made great profit in Nifty puts today. For Monday, we are not looking for a buy and will see sell on rise opportunity. If Nifty sustains below 22440, we may see 22400 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - No looking for a buy Sell Below - 22440 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTYShort
by InvestPro_India
3
NIFTY Intraday Trade Setup For 3 May 2024NIFTY Intraday Trade Setup For 3 May 2024 Bullish-Above 22800 Invalid-Below 22750 T- 23050 Bearish-Below 22550 Invalid-Above 22600 T- 22333 NIFTY has closed with a slight gain of 0.19% gain today. On Tuesday EOD we discussed that index may give a bounce of the fall towards 22700 zone if Tuesday's low will be safe. Index followed the same and 22700 zone acted as intraday resistance. Index traded between previous day's range and formed an inside candle in daily TF. Tomorrow once again index looks sideways if it does not dive below 22560. So will will stick to broader range of 22800 and 22550 to trade. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22800 then we will long for the target of 23050. For selling we need a 15 Min candle close below 22550. T- 23333. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 1 May 2024NIFTY Intraday Trade Setup For 1 May 2024 Bullish-Above 22790 Invalid-Below 22740 T- 23050 Bearish-Below 22550 Invalid-Above 22600 T- 22333 NIFTY has closed on a slight bearish note with 0.17% cut today. It has formed a shooting star exactly at ATH which seems to be an alert for bulls. Index will rally very strongly above 22800 as sellers shorted today will exit and fresh buyers like us will enter, double force move. But below today's low bears will take charge. If today's low will be safe then it may give bounce towards 22715. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22790 then we will long for the target of 23050. For selling we need a 15 Min candle close below 22550. T- 22333. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
29 Apr 2024 - Nifty resolves on the upside stance is Bullish nowNifty Analysis - Stance Bullish⬆️ Recap from yesterday: "For Monday, we will go short if 22295 is taken out and will go long if 22519 is taken out." Nifty started with a gap-up, then came down to close the gap. Once we hit the previous close level, magically Nifty50 got real strength and then started climbing. Nifty gained a total of 213 points ~ 0.95% to not only break out from 22159 but to reinstate its bullish position.  We are now very close to the ATH and once we take out that, we can safely remove the double top pattern. The indices are always resolving to the upside and it has been such a deadly journey for the Bears. Seems like they are facing an existential crisis. Bears will go extinct before Tigers in India. Nifty50 algos today ended the day with losses of -19644 INR.
NSE:NIFTYLong
by viswaram
NIFTY Intraday Trade Setup For 30 Apr 2024NIFTY Intraday Trade Setup For 30 Apr 2024 Bullish-Above 22660 Invalid-Below 22610 T- 22875 Bearish-Below 22500 Invalid-Above 22550 T- 22333 NIFTY has closed on a bullish note today, clocked exactly 1%. Tomorrow once again we can expect bullish move if today's high is sustained. In the weekend we discussed hourly levels as 22650 and 22300. It has tested the upper level so above 22660 we will maintain a bullish view for a fresh ATH. High probability trade will be in buy side on flat opening or slightly below 22640. 25500 will be a confluence zone just like today. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22660 then we will long for the target of 22875. For selling we need a 15 Min candle close below 22500. T- 22333. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 29 Apr 2024NIFTY Intraday Trade Setup For 29 Apr 2024 Bullish-Above 22630 Invalid-Below 22580 T- 22810 Bearish-Below 22380 Invalid-Above 22430 T- 22145 NIFTY has closed with a gain of 1.23% last week. Index is still trading sideways in the parallel channel. Till the time index trades between this parallel channel direction trades in short term is risky. 21700 and 22800 is the range for a short term trigger. Breakout of this range will establish a trend in short term as these are weekly levels. 22300 is the last hourly swing low, breakdown may trigger a good fall. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22810-50. For selling we need a 15 Min candle close below 22380. T- 22145. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
26 Apr 2024– Nifty50 throws up the extra it consumed yesterdayNifty Analysis - Stance Neutral ️➡️ Recap from yesterday: "The 321pts intraday rally has ensured N50 gets a stance upgrade to Bullish with the next target being the ATH. If it takes out the ATH, then we can safely remove the double top pattern." Nifty had a great feast on Thursday that it had to throw up a bit today fearing indigestion, there is no other way to explain how we lost 230pts intraday today. Not just that, we fell below 22519 which prompted me to reverse the bullish stance back to neutral. Sometimes the fundamentals makes no sense at all, how could you explain the move on Tech Mahindra & Bajaj Finance after their quarterly results? It really has a bearing on the Nifty index, just check how NiftyIT moved today. On the higher time frame, Nifty looks strong above 22295 - but we need reinforcements coming to protect that support. Getting 4 red candles out of 6 is not going to help. For Monday, we will go short if 22295 is taken out and will go long if 22519 is taken out. Algo trades ended with a loss of Rs570, it turned out to be a blessing as the MTM swing low was minus Rs22500.
NSE:NIFTY
by viswaram
NIFTY Prediction for tomorow 29 Apr 24As we discussed the market in the live session, it was bearish. After that, it gave a nice fall. If we look at the chart now: Price is Making continuous HH and is not able to make HL. Price is taking support at 200 EMA. This level is also fibbed at 0.23 level, which is considered with 200 EMA, making it a good support zone. 22374 is also a good price action level, and the market has received multiple-time support. RSI has also given a breakout to the upside. That means the market might take support here. If we look at the OI data: PCR = 0.76, there is a huge CE writing at higher levels that indicates 22500 is going to be MaxPain. There is not much PE writing today. This indicates that bulls are not very sure the market is going to take support. If we look at today's OI, it is heavy CE writing, which shows bears are making strong levels on the higher side. If we look at the FII and DII data: FII and DII is strong bearish while Client is strong bulllish, that means market is going to open gap-down. The market is at a crucial point right now. there can be 2 cases Case 1: If the market breaks 22360 to the downside (Bearish) Case 2: If takes support at 200 EMA (Sideways) Reasons: Price ~= EMAs, indicates the market can take support at 200 EMA. (Sideways) RSI < 50 shows weak bulls, indicating a sideways market. (Sideways) RSI trendline break might activate some bulls might lead to sideways market. ( Sideways) OI = 0.76 has a fall from 0.96, which means bears are increasing their positions. (Bearish) Price < VWAP indicates the bearish market structure. (Bearish) Verdict : Sideways or Bearish Plan of action: Case 1: If breaks to downside -> Sell 22400 CE (Hedge it with 15/- CE premium) Case 2: If it takes 200 EMA support -> Sell 22400 CE & PE (Hedge it with 15/- premium)
NSE:NIFTY
by finnova_
1