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FASP levels for Nifty 29/02/2024The FASP for Nifty is listed for 29-02-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
NIFTY prediction for tomorrow 28 Feb 24Let's discuss the NIFTY Expiry prediction for tomorrow which gave a very nice fall today. If we look at the chart now: The market is trading at the support trendline. Also, the market is near 200 EMA, which might provide good support at this point. 21912 has also proven to be good price action support in the past. If we look at the OI data: PCR = 0.6, which shows the bearish market structure. Above the side, there is quite the resistance at 22,000, 22100, and 22200. and there is little support if the current level is broken to the downside. If we look at the FII & DII data, it directly indicates a bearish market structure where pros have heavily shorted options. Now, there are two cases at this point. Case 1 : The market can take support at this support line. And move to the bull side. Case 2 : If the market is broken to the downside. It can give the target till 21587. Reasons: Price-taking support at 200 EMA, which might lead it back to bullish momentum after some consolidation. Price < EMA(13) means bulls are not having much strength. RSI < 40 shows weak bulls strength. OI data PCR = 0.60 shows heavy bearish. FII and DII data show heavy bearishness. Verdict : Bearish Plan of Action: Case 1: Takes support at 200 EMA --> Sell 22000 PE (Hedge it with 20 rs PE) Case 2: If the market is broken to the downside. --> Sell 21900 CE (Hedge it with 20 rs CE)
NSE:NIFTYShort
by finnova_
1
Nifty Intraday Trade Setup | 29th FebToday Nifty opened above 22200 and morning high around 22230 was also a day high. We bought 22300 PE Feb contract at open around 150 and it gave good profit. For tomorrow, buy Nifty if sustains above 22050 for the targets of 22090 and upper marked levels. On the other side, if Nifty breaks 21890 on the downside, we may see 21850 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 22050 Sell Below - 21890 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
FASP levels for Nifty 23/02/2024The FASP for Nifty is listed for 28-02-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
#Nifty directions and levels for FEB 28"Good morning, friends! Here are the directions for February 28th: there have been no changes in the market sentiment. The global market is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +20 point. Nifty closed positively in the last trading session. However, the structure remains in a range market. So today, we will also follow the same sentiment. If the gap-up sustains and breaks the immediate resistance, then we can expect further continuation. However, if it rejects around the immediate resistance or if the initial market takes sharp declines, then we can expect a range market. The correction will occur only if it breaks the fib level 78% aggressively."
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 28 Feb 2024NIFTY Intraday Trade Setup For 28 Feb 2024 Bullish-Above 22230 Invalid-Below 22180 T- 22435 22650 Bearish-Below 22070 Invalid-Above 22120 T- 21860 21658 NIFTY has closed on a slight bullish note with 0.34% gain today. It just traded between yesterday's range, bounced from plotted golden FIB zone (0.5) till yesterday's high. So overall NIFTY has been trading between 22220 and 22070 since last two days. Breakout will give us a fresh move on expiry day. It will be surprise if it trades in the range tomorrow again. 21300 is the hourly swing high, breakout will give move towards 22520 as per plotted ABCD. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22230 then we will long for the target of 22435 and 22650. For selling we need a 15 Min candle close below 22070. T- 21860 and 21658. 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 FEB 27thGood morning, friends! Here are the directions for February 27th: The global market is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +25 point. Nifty has undergone consolidation in the last session. The structure is still bullish, so if the gap-up sustains, then today we can also expect a range market. If it breaks the previous high, then only it will go further; otherwise, it will close near where it opened. Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the Fibonacci level 78% (21966). After that, if it finds support there, then we can expect a minor pullback. However, if it also breaks that level, then the correction will likely continue
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 27 Feb 2024NIFTY Intraday Trade Setup For 27 Feb 2024 Bullish-Above 22210 Invalid-Below 22160 T- 22430 22650 Bearish-Below 22070 Invalid-Above 22120 T- 21860 21658 NIFTY has closed on a bearish note with 0.41% cut today. Sell triggered as per trade setup below 22180 and gave a move till 22080, but targets were not achieved. Tomorrow below 22070 we may see a good sell off and best probability trade seems in downside as per today's closing. Plotted trendline is being followed, breakout of this will lead a bullish impulsive move. 22300 is the gateways for fresh up move in hourly TF. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22210 then e will long for the target of 22430 and 22650. For selling we need a 15 Min candle close below 22070. T- 21860 and 21658. 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 FEB 26th"Good morning, friends! Here are the directions for February 26th: The global market is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -20 point decrease. Nifty has a consolidation structure followed by a sharp rally, structurally this is a bullish formation. So, even though if the market opens with a gap-down, we can expect a pullback around 38 or 50%. If the market finds support there, then we can expect a range market initially. After that, if the range market breaks to the upside, then we can expect the rally continuation. Alternatively, if the gap-down breaks the fib level 50% or consolidates around there, then the correction might continue, and it will reach the next target fib level 78% with minor pullbacks.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Trade Setup | 26th FebToday Nifty opened around 22300 and morning high was also a day high. We bought 22350 PE Feb contract at open around 200 and it gave good profit. For tomorrow, buy Nifty if sustains above 22300 for the targets of 22340 and upper marked levels. On the other side, if Nifty breaks 22190 on the downside, we may see 22150 and below marked levels on the chart. Also, if Nifty closes below 21960, it may also break the up-trend for short-term. Expectations: Volatile Day Intraday Levels: Buy Above - 22300 Sell Below - 22190 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Nifty Intraday Trade Setup | 25th FebToday Nifty opened around 22300 and morning high was also a day high. We bought 22350 PE Feb contract at open around 200 and it gave good profit. For tomorrow, buy Nifty if sustains above 22300 for the targets of 22340 and upper marked levels. On the other side, if Nifty breaks 22190 on the downside, we may see 22150 and below marked levels on the chart. Also, if Nifty closes below 21960, it may also break the up-trend for short-term. Expectations: Volatile Day Intraday Levels: Buy Above - 22300 Sell Below - 22190 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY Intraday Trade Setup For 26 Feb 2024NIFTY Intraday Trade Setup For 26 Feb 2024 Bullish-Above 22300 Invalid-Below 22250 T- 22465 22630 Bearish-Below 22180 Invalid-Above 22230 T- 22035 NIFTY has closed on a slight bullish note with 0.78% gain last week. However it has closed at an All time high. Above 22300 it should start a good up move at-least in intraday. On Monday if 22035 is tested then it will be a strong intraday support and we can plan a bullish trade with bullish price action in 5 Min TF. Coming to hourly TF, 21850 is the last swing low below which it will trigger a bearish move. Till the time it is safe, we will maintain a bullish bias. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22300 then we will long for the target of 22465 and 22630. For selling we need a 15 Min candle closes below 22180. T- 22035 and 21850. 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
23 Feb ’24 — Indices take a pause - yet again. Only to jump up?Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “As soon as the 22051 resistance gave away, we had to change our stance from neutral to bullish. We would now like to see how higher the markets can go, we are assuming the momentum may not take us to 22700 for the monthly expiry.” 4mts chart All 3 indices - Nifty50, BankNifty, and NiftyIT- were stuck in a tight range today, something that we usually see after a fast & furious move. The experts usually call it a flag pattern where a slight downward day occurs after a steaming UP day. Technically a pause also made sense - markets may be recalibrating between the short covering yesterday and a possible long build-up for next week. As long as the global macros remain positive, Nifty should remain charged up and ready to roll. The indices staying flat would have ensured the straddlers would have made some money today, BN was quite shaky though - most likely it would have ended up hitting both stop losses. Nifty was far more stable today. The flag pattern is quite prominent on the higher timeframe. We are not suggesting that all “roads lead to Rome theory” i.e. everything is bullish, but the probability of things going up seems higher than cutting through the supports of 22051 & 21913. You know us, the moment the supports are broken, we will exit the bullish position at a loss and go neutral. Till then we are going to keep looking upwards. 63mts chart
NSE:NIFTYLong
by viswaram
#Nifty directions and levels for FEB 23Good morning, friends! Here are the directions for February 23rd: The global market is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +40 point increase. Nifty had a solid pullback in the last session. So, if it sustains the gap-up, then structurally, we can expect further continuation. This is the basic structure. If the market consolidates around the supply zone, it may continue further when it breaks. Alternatively, if it rejects sharply around the supply zone, or if the gap-up doesn't sustain, then initially, we can expect a 23 to 38% Fibonacci correction. After that, if it finds support there, it may form a range for a rally continuation. However, if it breaks the Fibonacci level of 38%, then the correction may continue, and we can expect the Fibonacci level of 78% for the correction target with minor pullbacks.
NSE:NIFTY
by Manickamtraders
22 Feb ’24 —Back to winning ways, grass is greener at the Bull’sNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Since Nifty50 fell below our support line, we had to reverse the stance back to neutral. In case Nifty50 climbs back up tomorrow and hits a new ATH, today’s move will just appear as a blip, and the stance will go back to bullish.” 4mts chart Honestly speaking, we fell into the bear trap today as the forenoon session was immensely negative. Look at the first 2 encircled regions. The first circle between open and 09.51 wherein we gave away to the 22051 support. The next 4 candles were also RED and we did not stop till the main support of 21913 was hit. We got our bias wrong as we gave weightage to the price action between 22051 & 21913, we thought the selling may not stop there. The 2nd encircled area was at the 21913 region i.e. from 10.03 to 11.35. When we saw the markets were not cracking further, we adjusted our “short CALL” positions, and as markets started recovering, we trailed the “short PUT” positions to offset the gain in the short CEs. Again our view went absolutely wrong when the markets did not stop at 22051, even though we had a pause between 13.47 and 14.27. What then followed was the dream of an option buyer and a nightmare for option sellers like me. The momentum was so strong that we took out the ATH. Nifty had an intraday swing of 378 points ~ 1.73%. The swing was so wild that it would have taken out any stop loss set on premiums, over the last few days - markets are really testing the nerves of option traders. Between the last expiry and today, N50 has gained 291pts ~ 1.33%. The moves of the last 4 days were recreated in just today’s session - must be a new record. As soon as the 22051 resistance gave away, we had to change our stance from neutral to bullish. We would now like to see how higher the markets can go, we are assuming the momentum may not take us to 22700 for the monthly expiry. 63mts chart
NSE:NIFTYLong
by viswaram
NIFTY Intraday Trade Setup For 23 Feb 2024NIFTY Intraday Trade Setup For 23 Feb 2024 Bullish-Above 22260 Invalid-Below 22210 T- 22465 22630 Buy_2- From 22030 Invalid-Below 21980 T- 22200+ NIFTY has closed on a bullish note with 0.74% gain Today. Since last 2 days index is moving wild and intraday trend is really uncertain these days. Today sell triggered as per trade setup below 21990 and gave a move till 21880, almost 90 points. Seeing today's strong bullish sentiment tomorrow we will be in buy mode from both points, on breakout and even in case of pullback. In case there is pullback towards 22030 we will buy from there. Pullback trading will be ideal before breakout here. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22260 then we will long for the target of 22465 and 22630. 2nd buy can be considered from 22030. T- 22200+. 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
FASP levels for Nifty 23/02/2024The FASP for Nifty is listed for 23-02-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
#nifty directions and level for FEB 22"Good morning, friends! Here are the directions for February 22nd: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bearish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +90 point increase. Nifty had fallen sharply in the last session; however, Giftnifty indicates a 90-point positive start. This sentiment suggests a ranging market. So, if the gap-up sustains, we can expect a ranging market initially. After that, if it breaks the previous high, then we can anticipate a continuation of the rally. This is the basic structure. Alternatively, if the gap-up doesn't sustain, then we can expect a minor correction. After that, if it finds support around 21920 to 50%, we can expect a minimum of a 23 to 38% pullback wave. However, if it consolidates or breaks that level solidly, then the correction will continue further.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 22 Feb 2024NIFTY Intraday Trade Setup For 22 Feb 2024 Bullish-Above 22250 Invalid-Below 22200 T- 22465 Bearish-Below 21990 Invalid-Above 22040 T- 21790 21600 NIFTY has closed on a bearish note with 0.64% cut today. Buy triggered as per trade setup above 22220 which hit 50 points sl. It is like Open = High and sentiment was bearish the whole day. Tomorrow 22160 will be an confluence zone, can act as resistance. Above 22250 we will test 22465 and this is a strong resistance in weekly TF as per ABCD calculation. 21790 is going to be a strong support zone as per half bat (0.618). Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22250 then we will long for the target of 22465. For selling we need a 15 Min candle close below 21990. T- 21790 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