Get started

Niftyintradaytradesetup

19 Mar ’24 — N50 breaks support, but no flash crash expected...Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: “The only thing that could override this W pattern is the lower high, lower low formation. LH, LL will take precedence over a short-duration pattern all the time.“ 4mts chart I can say With 70% confidence that Nifty50’s Lower Low, Lower High (LL, LH) wave formation has taken precedence over the W (double bottom) pattern. If not, we would not have broken the 21913 support. Take a look at the 09.55 and 09.59 candlesticks, both are RED and with considerable depth. Once we breached the support, there was no attempt to retrace. One thing is missing though - momentum. The weak hands still hold the shorts, I am guessing it is the right time for the big boys to enter as the conditions are much more favorable right now. There is one problem though - BankNifty! Nifty’s next major support comes at 21491, but before we go there we have some 2 months of data to be analyzed and processed. Reminding you once again that Nifty spent time from Dec 15th to Feb 15th between 21491 and 21913. So a flash crash could be ruled out per se. If that happens, then it is going to be some serious trouble for the current election structure. Always a greenish market is favorable for the current incumbent Govt. If the investors prices the chances of re-election being troublesome, then the market has only one direction to go. 63mts chart
NSE:NIFTYShort
by viswaram
NIFTY Intraday Trade Setup For 20 Mar 2024NIFTY Intraday Trade Setup For 20 Mar 2024 Bullish-Above 22000 Invalid-Below 21950 T- 22200 Bearish-Below 21780 Invalid-Above 21830 T- 21580 21350 NIFTY finally gave breakout of the channel pattern daily TF and closed today with 1% cut today. Our short trade is now active below 21900, this level was discussed multiple times in the recent days back. Now index is ready for a good downside move. We will drop bearish view once it regains 50 EMA in daily TF. Tomorrow 21985 zone will be an intraday resistance if tested. On a flat opening below today's low there will be a good downmove. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22000 then we will long for the target of 22200. For selling we need a 15 Min candle close below 21780. T- 21580 and 21350. 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 Directions and levels for March 19th."Good morning, friends! Here are the directions for March 19th: there is no significant difference in the last session. The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a gap-down start, as suggested by Giftnifty, showing a -80 point. "Nifty experienced a minor pullback in the last session. Giftnifty indicates a negative start, but structurally, it has a minor pullback continuation. So, if the market finds support around 21996 to 21961, we can expect a range market or pullback continuation. On the other hand, if it breaks the previous low, then the correction will likely continue, reaching the level of 50% Fibonacci retracement level for the downside
NSE:NIFTY
by Manickamtraders
Nifty Intraday Prediction Levels for 18 March 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 19 Mar 2024NIFTY Intraday Trade Setup For 19 Mar 2024 Bullish-Above 22130 Invalid-Below 22080 T- 22345 22550 Bearish-Below 21900 Invalid-Above 21950 T- 21634 21400 NIFTY has almost on a flat note with minor gain of 0.14% gain today. Its been 3 consecutive day where it closed inside 13 Mar candle's range. Hourly swings are very important at this point, 22210 and 21900 are levels to watch for breakout. However index has formed inside candles after a decent red candle so below 21900 a fast momentum will be triggered in the downside which will be the breakout of the channel pattern in daily TF. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21130 then we will long for the target of 22345 and 22550. For selling we need a 15 Min candle close below 21900. T- 21634 and 21400. 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 | 19th MarNifty opened flat today around 22000 and it was a very volatile session. Nifty went down towards 21916 but didn't trigger the sell level. Though we got the buy trade above 22060 and it hit our 1st target. For tomorrow, buy Nifty if sustains above 22120 for the targets of 22160 and upper marked levels. On the other side, fresh selling will be triggered if Nifty breaks 21980 on the downside, we may see 21940 and below marked levels on the chart. Keep your quantity low as we anticipate to see again a volatile session tomorrow. Expectations: Volatile Day Intraday Levels: Buy Above - 22120 Sell Below - 21980 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Nifty analysis for 18th March 2024Looks like Nifty is making a double-bottom pattern. if it completes the pattern and crosses above 22250, it may go higher. If it breaks the support of 21850, it may go to the downside. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:NIFTY
by sudeeptalayek
#Nifty directions and levels for March 18th.Good morning, friends! Here are the directions for March 18th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -30 point. Nifty has a range-bound structure, but the trend suggests correction. So, if the market breaks the previous low, then we can expect further correction. However, that is the final wave of correctional impulse, so if it finds support around 21867 or 50%, then we can expect a minimum of 23 to 38% pullback. On the other hand, if it consolidates or breaks the level of 50%, then the correction will continue further. Alternatively, if the gap-down doesn't sustain or if it takes a sharp bounceback initially, then it may continue the range further, and we can expect a minimum level of 22146 to 22244.
NSE:NIFTY
by Manickamtraders
2
NIFTY Intraday Trade Setup For 18 Mar 2024NIFTY Intraday Trade Setup For 18 Mar 2024 Bullish-Above 22130 Invalid-Below 22080 T- 22345 22550 Bearish-Below 21900 Invalid-Above 21950 T- 21634 21400 NIFTY has closed on a bearish note on a bearish note with 2% cut last week. It has got rejected from from 2.618 PRZ in weekly TF which was pretty obvious. Below 21850 we will get a breakout of channel in daily TF. After a bold bearish candle on 13 Mar the next two consecutive candles were inside candles. which is a sign of compression before a big/parabolic move. Below 21900 downside move will be triggered which will be confirmed below 21850 EOD. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22130 then we will long for the target of 22345 and 22550. For selling we need a 15 Min candle close below 21900. T- 21634 and 21400. 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 | 18th MarNifty opened flat on Friday around 22075 and after forming a high around 22120 we saw a selling towards Thursday low 21930 zone but Nifty took support and again reached to 22050 levels. For Monday, buy Nifty if sustains above 22060 for the targets of 22100 and upper marked levels. On the other side, fresh selling will be triggered if Nifty breaks 21900 on the downside, we may see 21860 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 22060 Sell Below - 21900 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY Prediction for tomorrow 18 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. If we look at the chart now: The market is trading at the support zone. Also, 22950 provided a nice bullish pullback twice today, which indicates 21950 to be a good support level for now. The market is trading in a Bearish Zone right now. So, avoid naked call buying. You will end up losing theta. If we look at the OI data: PCR = 0.80, which shows that the market is bullish. 22000 has heavy CE and PE writing. CE writing was significantly more than PE writing, which indicates 22000 will be providing nice resistance for now. Looking at the OI change market, it is sideways. Looking at the FII Data, we can say the market might open a gap-down. I am expecting the market to be sideways for 1 or 2 days. Case 1: Sideways in the range 21950 - 22050. Case 2: Bullish if the trendline breaks to the upside. Reasons: Price < EMA(13, 200) shows market is in bearish trend. Also, EMA(13) << EMA(200), which indicates the market needs some consolidation. RSI = 48, which is 40-60, indicates the market is going to be sideways. VWAP ≡ Price means the price is volume balanced. We can expect a move soon. PCR = 0.80, which shows a bullish sentiment in the market. On the other hand, the 22000 level had massive CE and PE writing. 22000 is going to provide good support and resistance here. Verdict: Sideways and Bullish. Plan of Action: Case 1: Sell 22000 CE & PE. Exit one leg if it breaks the zone. (hedge with 20/- PE) Case 2: Sell 22000 PE (hedge with 20/- PE)
NSE:NIFTY
by finnova_
NIFTY Intraday Trade Setup For 15 Mar 2024NIFTY Intraday Trade Setup For 15 Mar 2024 Bullish-Above 22210 Invalid-Below 22160 T- 22450 22670 Bearish-Below 22080 Invalid-Above 22130 T- 21840 21600 NIFTY has closed on a bullish note with 0.68% gain today. It gave expected 50% retracement of the fall seen on 13 Mar. Now once again we can expect downside continuation. Key level is 21900 for the continuation of bearish impulse. 22080 is the last swing low so below that we will get a early/internal bearish price structure. Best trade will be in sell side. However if market trades above 22210 then we will see 22450 in intraday. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22210 then we will long for the target of 22450 and 22670, For selling we need a 15 Min candle close below 22080. T- 21840 and 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
14 Mar ’24 — Nifty may be forming a lower high, stance neutralNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “From the recent top of 48161, BN is falling, but yet to make a lower low or lower high. Unless the 2nd leg starts, we wouldn’t know with clarity what it has in mind. To go bearish, we need to fall below 46176 another 800pts away.” 4mts chart The day did not go as planned, firstly the selling pressure came to a full stop. Secondly, the short covering helped Nifty breach the resistance of 22051. Nifty had a swing range of 287 points today and because it took out a crucial SR, we are switching the stance from bearish to neutral. I was totally not in agreement with the trades on NiftyIT, that sector alone ended up +1.98% today. The impact of Adani stocks was standing out today, a variance of 0.22% with Sensex should prove a point. We are back to the same situation where the weak hands are holding the shorts. The first blink of green they run for cover creating a fake momentum. And then they re-enter the shorts at a lower level losing more points. If you look at the higher time frame, today’s price moves might be between 38.2 to 50% Fibonacci retracement levels and what might have formed could be a lower high. Again we are not quite sure if the technical analysis will work tomorrow as the markets will be keenly watching for the electoral bonds data. We would like to re-enter the bearish position below 22051 and the bullish position above 22295. 63mts chart
NSE:NIFTY
by viswaram
NIFTY Intraday Trade Setup For 14 Mar 2024NIFTY Intraday Trade Setup For 14 Mar 2024 Sell_1- From 22250 Invalid-Above 22300 T- 22050 21900 Sell_2- Below 21900 Invalid-Above 21950 T- 21689 21487 NIFTY has closed on a bold bearish note with 1.51% cut today. It was a good trendy day. Sell triggered below 22250 and hit both mentioned targets till 21910. Yesterday we discussed that index is in distribution phase and breakout of the parallel channel will trigger intraday momentum and will spike VIX. Trader's healthy environment is when VIX is above 15-16. Tomorrow 22250 will be an intraday CIP resistance and half bat PRZ. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes below 21900 then we will short for the target of 21689 and 21487. 2nd short will be planned from 22250. T- 22050 21900. 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 Analysis for tomorrow Expiry | 14 March 24As we have discussed, NIFTY has been in the uptrending channel. It has been broken to the downside with huge volume power. If we look at the chart now: The market has broken the channel to the downside and is continuing its momentum to the downside. Whereas 21900 is a good support zone that might provide support. If it's broken, the next support point will be 21500. as marked in the chart. If we look at the OI data: PCR = 0.50 shows huge bearishness in the market. 22000 is a max pain point for now. On lower levels, there are not many support levels. On higher levels, there is huge CE writing at 22000, 22100, 22200 ... etc. I am expecting the market to fall more to 21500 levels this week. Reasons: RSI < 40 shows weakness in bulls. price < EMAs shows bearish strengthen market. PCR = 0.50 shows a bearish market. price < VWAP indicates bearish sentiment in the market. Verdict: Bearish Plan of Action: Sell 21900 CE (Hedge it with 15 premium CE).
NSE:NIFTYShort
by finnova_
7
NIFTY Intraday Trade Setup For 13 Mar 2024NIFTY Intraday Trade Setup For 13 Mar 2024 Bullish-Above 22460 Invalid-Below 22410 T- 22665 Bearish-Below 22250 Invalid-Above 22300 T- 22090 21900 NIFTY has closed on an absolute flat note today. It was trading between Mars and Moon but eventually landed on Earth. Till the time index is trading between the parallel channel in daily TF momentum is going to shrink and filled with random moves. Wait for this pattern either side to get a tradable market with VIX above 15. Tomorrow 22460 and 22250 are important levels for watch out for breakout. If index trades between this range then I will not touch it as directional purpose. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22460 then we will long for the target of 22660. For selling we need a 15 Min candle close below 22250. T- 22090 and 21900. 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 12 Mar 2024NIFTY Intraday Trade Setup For 12 Mar 2024 Bullish-Above 22450 Invalid-Below 22400 T- 22655 Bearish-Below 22300 Invalid-Above 22350 T- 22090 21900 NIFTY has closed on a bearish note with 0.72% cut today. Sell triggered as per trade setup below 22430 and gave a move till 22310, targets were not achieved although it gave 100+ points gain. Tomorrow 22450 is the key level for a bullish reversal on a flat opening or opening below 22430. In case it opens gap up near 22505 then a sell off can be seen once again. Index has been trading in the parallel channel in daily TF and has been rejected from mid line of that. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22655. For selling we need a 15 Min candle close below 22300. T- 22090 and 21900. 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
11 Mar ’24 — Nifty above Support, BankNifty just broke oneNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “If US markets advance and take out their ATHs by then, we can expect a huge gap up in the next session. In case the Global macros weaken over the weekend — the Bull’s party could be cut short too.” 4mts chart Nifty fell 219pts ~ 0.97% intraday and yet it has not broken the support level of 22295. If we had a close below this SR level, we would have changed the stance back to neutral, as it stands the bullish stance continues. The fall was pretty one-sided and had all the characteristics of a profit-booking. The biggest issue we have is that CE short sellers are “weak” handed and they run for cover pretty soon. And every time that happens, the markets go to a higher level just due to momentum. The best time for bears to push down the prices is now, conditions are favorable and we are heading into elections. But they need to be a bit more strong. On the higher time frame, Nifty has made another higher high and higher low showing the strength of the bullish run. If Nifty50 has to change its character, the price has to fall below 22295 and then below 22051 wherein the higher low will get violated. If 22295 becomes a resistance from there on, then we might even see a triple top formation which should give the Bears an edge. Having said that, the dip buyers are too strong that traders like us feel pissed off. We are witnessing a market that is failing to fall. We all know what would happen if all the participants had a bullish view. Is it not far better if we have a healthy correction and then a new ATH? 63mts chart
NSE:NIFTYLong
by viswaram
1
NIFTY Intraday Trade Setup For 11 Mar 2024NIFTY Intraday Trade Setup For 11 Mar 2024 Bullish-Above 22530 Invalid-Below 22480 T- 22710 22850 Bearish-Below 22420 Invalid0Above 22470 T- 22200 21980 NIFTY has closed on a slight bullish note with 0.51% gain last week. Few week back in the weekend analysis it was discussed that index has been trading in a parallel channel in daily TF. Still index has maintained its pattern. This is not an clear impulse I personally feel, rather a stretch or distribution. Clear move will be seen on this pattern breakdown. Till then I have reduced my position size and have been focusing on non direction approach (strangles). Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22530 then we will long for the target of 22710 and 22850. For selling we need a 15 Min candle close below 22420. T- 22200 and 21980. 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
1
#Nifty directions and levels for March 7th."Good morning, friends! Here are the directions for March 7th: there have been no changes. The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-up start, as suggested by Giftnifty, showing a +50 point. Nifty had a solid pullback in the last session; however, the motive wave is over. So, if the market rejects around the immediate resistance (22537) or if the initial market declines sharply, then we can expect a minimum of 23% to 38% Fibonacci correction. If it breaks the 38% Fibonacci level, that's a sign of a trend reversal (bearish trend). On the other hand, if it finds support there (38%), it might consolidate a little bit. Alternatively, if the gap-up sustains, then we can expect an extension variation. It could be a long wave because the extension is a big wave of motive, and although the previous rally also has a solid one, if the gap-up breaks the immediate resistance level solidly, then we can expect a further long rally.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 2024NIFTY Intraday Trade Setup For 2024 Bullish-Above 22500 Invalid-Below 22450 T- 22675 22850 Bearish- Below 22350 Invalid-Above 22400 T- 22170 21980 NIFTY has closed on a bullish note with 0.53% gain today. After 3 days of decline move it gave a slight good move in today's session. Now it has given a fresh breakout after consolidating so above 22500 it will test 22850 as per ABCD pattern. 1st minor intraday resistance will be 22675 and 22850 being a strong one. Best trade will be on flat opening and sustaining above 22500. 22350 is a deciding zone , break of which will lead to an intraday fall. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22500 then we will long for the target of 22675 and 22850. For selling we need a 15 Min candle close below 22350. T- 22170 and 21980. 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 prediction for tomorrow 07 MAR 24As we discussed, NIFTY's sideways behavior touched the fib 0.38 level and came back to trading again at the resistance. If we look at the chart now: The market is trading at the resistance right now. This might force it to consolidate for tomorrow as its expiry for nifty on 7th Mar. market might expire in the marked region. If we look at the OI data: PCR = 1.0 indicates market bullish sentiments. 22500 has huge CE writing, which will provide huge resistance. On the lower side, each level 22400, 22300, and 22200 also has multiple support points. I am expecting a sideways market tomorrow because of trading at resistance and expiry day. Reasons: Price > EMA indicates the bullish nature of the market. but price >> ema(200) shows market need some reversion. RSI > 60 indicates bulls are having strength right now. PCR = 1.34 shows bullishness; also, OI data shows multiple-level support in the option chain. Nifty is trading at a resistance trendline and might get resistance. But as it has been touched multiple times, there is also a probability that it might get broken this time. Verdict: Sideways or Bullish Plan of action: Case 1: Sideways -> IRON CONDOR in range 22450 - 22550. Case 2: Bullish -> Sell 22450 PE (Hedge it with 20rs PE)
NSE:NIFTY
by finnova_
5