Get started

Niftyintradaytradesetup

NIFTY Intraday Trade Setup For 21 Feb 2024NIFTY Intraday Trade Setup For 21 Feb 2024 Bullish-Above 22220 Invalid-Below 22170 T- 22415 22580 Bearish-Below 22040 Invalid-Above 22090 T- 21860 21650 NIFTY has closed on a bullish note with 0.34% gain today. As per trade setup it tested the buy level but almost at closing bell. It has closed at breakout level near 22200 tomorrow it should give a good momentum in the upside in flow above 22210. 22415 can be immediate target after the breakout and will book max there and from there we need to look for a bearish reversal price structure in 5 Min TF for TSL. Index is following this channel in daily TF. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22220 then we will long for the target of 22415 and 22580. For selling we need a 15 Min candle close below 22040. T- 21860 and 21650. 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 21 Feb 24As we have discussed, the nifty Bullish structure today has successfully broken and retraced to the upside. Now, if we look at the chart data: The market has given a successful breakout to the upside. The market is trading at ATH. The market has already retraced the breakout and has proven the bull's strength. Now, the market is ready to go up. If we look at the OI data: PCR = 1.22 shows that the market is bullish right now. Also, we do not have much resistance to the upside. If the rally starts, it will directly go to the 1st Fib level (1.414) at 22416. 22500 is the next good CE writing point, which is also supported by the Fib 1.414 level. I expect the market to go up to the 22416 level for now. Reasons: Price> EMAs shows sthe market is having bullish sentiments. RSI > 60 shows the market is in a bullish region. Price> VWAP shows the market is bullish and has a balanced Price with volume. OI data PCR = 1.22 shows the market is in bull's control right now. Also, 22500 will be providing the next resistance in the market. Verdict: Bullish Plan of action: Sell 22200 PE (hedge it with 20 rs premium)
NSE:NIFTYLong
by finnova_
#Nifty directions and levels for FEB 20Good morning, friends! Here are the directions for February 20th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment also shows a moderately bullish trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty, showing a -30 point decrease. Nifty has reached a new all-time high, so we can expect further pullback only if it breaks the previous high. If it does, we can fix our target at the next extension levels. However, today, Giftnifty indicates a negative open. If the market opens with a gap-down, we can expect the 38% level to be a strong support. If it rejects there, we can anticipate a range market or a rally continuation. Alternatively, if it consolidates or breaks the fib level of 38%, then the correction might continue.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 20 Feb 2024NIFTY Intraday Trade Setup For 20 Feb 2024 Bullish-Above 22200 Invalid-Below 22150 T- 22450 22700+ Bearish-Below 22020 Invalid-Above 22070 T- 21830 21635 NIFTY has closed on a record high today with 0.37% gain today. It has formed a spinning candle in daily TF which indicates indecisiveness. It can trigger both sentiment, above 22200 we would this spinning top candle as continuation of the ongoing bullish move. Below 22020 we will treat this as a reversal sign. Incase of breakout above 22200 we would test 22450-22465 and this can be a stiff resistance. One can plan a short trade with bearish reversal price structure in 5 Min TF. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22200 then we will long for the target of 22450 and 22725. For selling we need a 15 in candle close below 22020. T- 21830 and 21630. 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 FEB 19th"Good morning, friends! Here are the directions for February 19th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment also shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty, showing +30 points. The Nifty last session closed positively with minor consolidation. Sentimentally, this is positive, and the probability of movement also indicates consolidation. My personal opinion is also that, here movement will occur only if it breaks the supply zone effectively. If it happens, then we can expect further rally continuation. On the downside, also the same consolidation; if the rejection has a solid structure, then only we can expect a 23% to 38% correction.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 19 Feb 2024NIFTY Intraday Trade Setup For 19 Feb 2024 Bullish-Above 22080 Invalid-Above 22030 T- 22300 22520 Bearish-Below 21950 Invalid-Below 22000 T- 21735 NIFTY has closed on a slight bullish note last week and day with 1.19% and 0.59% gain respectively. It is at a striking distance to ATH and chances of a fresh bullish move above 22150 is high. 2nd leg shooting star will be invalid above 22130. But before it triggers a bullish move above 22150 it may dip for a pullback to fuel the impulse on breakout. So on Monday if there is a gap up and below 1st 5 Min candle's low it can trigger a down move. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22080 then we will long for the target of 22300 and 22520. For selling we need a 15 Min candle close below 21950. T-21735 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 FebToday Nifty opened above 22000 and after making a morning low around 21970, Nifty remained in range and made a high at 22068. For tomorrow, buy Nifty if sustains above 22070 for the targets of 22100 and upper marked levels. On the other side, if Nifty breaks 21960 on the downside, we may see 21920 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 - 22070 Sell Below - 21960 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
16 Feb ’24 — Nifty stance upgraded to Bullish, BN NeutralNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “A gap-up is ideal as it will quickly tip the balance to the Bulls as short sellers will have to run for cover. We wish to change the status from neutral to bullish only if we get a 63mts candle above the 21913 resistance line.” 4mts chart We all knew it would be a gap-up today and see how the bears ran for cover when we opened 93 points ~ 0.43% above yesterday’s close. The spike in CALL premiums was enough to show the fear of short covering. Secondly, there was no attempt to close the gap - which would have left the Bears with no choice but to abandon their short position or roll over to the next week and find a similarly priced strike. Fortunately, most would not have made a heavy loss as the “real breakout” did not happen today. Nifty was just contented to hold the ground and not concede the territory. After the first 63-minute candle we revised our stance to bullish, if you have read our last few reports - you would understand the rationale too. See the island formed above the resistance level of 21913. It is a classic breakout formation. From 15th Dec 2023 to 15th Feb 2024 - Nifty was in a narrow range of 21491 to 21913 with a couple of false breakouts/breakdowns. So we are keeping our fingers crossed this time to validate whether it works out. One way to do that is to check for follow-through price action. Blips do not last that long and we usually fall below the resistance (just like what happened on the last 2 occasions). Today is the first time I guess Nifty made the move ahead of BankNifty for a direction change. BankNifty has a lot of headroom left and if it catches up to its ATH - the impact on Nifty is going to be more than awesome. 63mts candle
NSE:NIFTYLong
by viswaram
NIFTY prediction for tomorrow 16th FEB 24As we discussed NIFTY for today, it ended sideways. Now, if we look at the chart data: The market has already given a breakout as it expired today. It ended sideways to the upside while facing resistance at 21950. The market will be sideways in the range of 21800-21950. EMA has given bullish-crossover EMA(50,200). Which shows the market is in a good bullish phase. If we look at the OI data: Pcr = 0.96 shows a bullish signal. Also, 21900 has very good PE writing, which shows it's going to provide good support. On the upper side, there is good resistance CE writing at 21900, 21950, and 22000. that will provide nice resistance. FII & DII have yet to be released.- I will update you in the comments. The market should be sideways in the range of 21800-21950. if it breaks 21950 to the upside, I can expect a good bullish momentum till 22110, as has been marked in the chart. Reasons: Price > EMA(13,50,200) which shows nice bulls power. EMA golden crossover EMA(50,200) shows bullish trend. RSI ~ 60 but sideways with bullish divergence, which shows the market can move to the upside. OI data Pcr = 0.96 shows bulllish market sentiments. Price ~ VWAP, which shows market price and volume both are balanced. The market has a good range to go upside down. Verdict: Sideways in the range 21800-21950. Bullish if it breaks 21950 to the upside. Plan of Action: Iron condor in range(21800-21950) if it breaks to the upside, add a bullish position and exit a short position.
NSE:NIFTYLong
by finnova_
#Nifty directions and levels for FEB 16th#Nifty Good morning! the market directions for February 16th. It seems like there is an overall positive sentiment in the global market, with support from the Dow Jones. Locally, the market sentiment is also moderately bullish, with a potential gap-up start indicated by Giftnifty showing +60 points. Regarding Nifty, it's mentioned that there has been a breakout structure following consolidation and that it might be in the 5th impulse wave, which is considered a distribution wave. There's an anticipation of a potential ABC correction if the market rejects around the immediate resistance or if there's a sharp decline in the initial market. The minimum requirement for the ABC correction is specified to be within the Fibonacci levels of 23 to 38%. Alternatively If the gap-up sustains or breaks the immediate resistance at 22,000, the expectation is for a further rally continuation. In this case, the market could reach a supply zone
NSE:NIFTY
by Manickamtraders
1
Nifty Intraday Trade Setup | 16th FebToday Nifty opened with a gap up at 21923 which was the morning high and we saw sudden full just after open towards 21795 which we played through 22000 PE and booked good profit. For tomorrow, buy Nifty if sustains above 21960 for the targets of 22000 and upper marked levels. On the other side, if Nifty breaks 21800 on the downside, we may see 21760 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21960 Sell Below - 21800 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 16 Feb 2024NIFTY Intraday Trade Setup For 16 Feb 2024 Bullish-Above 21960 Invalid-Below 21910 T- 22190 22350 Bearish-Below 21780 Invalid-Above 21830 T- 21635 21490 NIFTY has closed with a slight gain of 0.32% gain today. It opened with a gap up and yesterday it was discussed that we may turn sideways and close flat in case of a gap up. So has happened today, it was almost sideways within a very small range till 1 PM. Then there was a call side spike which again cooled off till some extent. It has formed a doji candle in daily TF, an indecisive sentiment. Above today's high and low will be deciding levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21960 then we will long for the target of 22190 and 22350. For selling we need a 15 Min candle close below 21790. T- 21635 and 21490. 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 15thGood morning, friends! Here are the directions for February 15th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty showing +80 points. Nifty had a fantastic rally in the last session, so structurally it will continue further. Even though it may face rejection around the immediate resistance, if it does, we can expect a maximum 23 to 38% Fibonacci correction. After that correction, if it finds support around 38%, then we can expect a range market to pullback continuation. This sentiment is also applicable for initial market rejection. Alternatively, we can expect a correction only if it breaks the Fibonacci level 50%, because if it corrects, it might be in the 4th wave, which is a consolidation wave with a maximum correction level of 50%. Therefore, we mention that the correction will occur only if it breaks the Fibonacci level 50%.
NSE:NIFTY
by Manickamtraders
Nifty Expiry prediction for today 15 Feb 24I have been busy for the last two days. If you have been following my analysis, we marked a resistance and support line, which got a breakout yesterday, and after that, it gave a very nice bullish momentum. Now, if we look at the chart: The market is trading at the resistance zone right now after yesterday's good bullish momentum. Price has broken 200 EMA. Also, an emacrossover has happened, which shows the market is not in a bullish phase. if we look at the OI data: PcR = 1.20, which shows the market is very bullish, as its expiration of 22,000 shows severe resistance. All the levels below, including 21800, have good pe writing that shows bullish sentiment of the market. FII and DII show bearish on Options, which might lead to some sideways days because, in the future, FII is bullish. I expect the market to consolidate a little bit here in the orange marked region. Also, its expiry tends to end sideways. If it breaks the upside, it will not be a very healthy breakout right now. Reasons: Price > EMAs, which shows the market is strong. EMA bullish crossover shows good market strength. RSI > 60 shows good strength in the bulls. OI data Pcr = 1.20 shows the bullish sign. Price> VWAP, which shows the market is having strength. The market is trading at a resistance zone. As it has been tested multiple times, there is a probability it might break. Because of expiry, I am not expecting much of the moment today. Verdict: Sideways in the orange zone. If breaks to the upside can go bullish (low chances) Plan of action: Case 1: Range selling in the orange zone. Case 2: go bullish if it breaks 21900 to the upside.
NSE:NIFTY
by finnova_
NIFTY Intraday Trade Setup For 15 Feb 2024NIFTY Intraday Trade Setup For 15 Feb 2024 Bullish-Above 21880 Invalid-Below 21830 T- 22050 22190 Buy_2- From 21640 Invalid-Below 21590 T- 21850 NIFTY has closed on a bullish note with 0.45% gain today. It was bold bullish day as it opened with a big gap down and recovered to almost 0.5% gain from 1% down. 10 o'clock range broke upside above 21625 and gave a good move. Now it has closed near hourly trendline resistance. There will be a big move after trendline breakout if it sustains above 21950. In case trendline being respected we will head towards 21645 and may find a good support again. Chances of almost flat close in case we open gap up. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21880 then we will long for the target of 22050 and 22190. 2nd buy can be considered from 21640. T- 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
Nifty Intraday Trade Setup | 15th FebToday Nifty opened with a gap down around 21600 and after making a low at 21530 in first 30 mins we saw good rebound from lower levels. We took sell trade around 21700, got 60 points fall towards 21634, and booked profit in that. For tomorrow, buy Nifty if sustains above 21870 for the targets of 21910 and upper marked levels. On the other side, if Nifty breaks 21750 on the downside, we may see 21710 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21870 Sell Below - 21750 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
#Nifty directions and levels for FEB 14"Good morning, friends! Here are the directions for February 14th: The global market sentiment is bearish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing -190 points. Nifty had a solid pullback in the last session, but today Giftnifty indicates a negative 190 points, so I don't know exactly where it will open. In my personal opinion, if it finds support around the 61% followed by the gap-down, we can consider this as the 5th wave of the diagonal. It's the final wave of the correction structure, so we can expect a further pullback followed by rejection. However, if it consolidates or breaks this level, then the correction might continue. Alternatively, if it doesn't break the immediate support level of 21605, then it might consolidate for a rally continuation."
NSE:NIFTY
by Manickamtraders
Nifty Intrady Trade Setup For 14 FEB 2024Wait for the breakout of the resistance level for bullish. Bullish-Above 21770 T1-21830 T2-21910 wait for the breakout of the support level for bearish. consider one thing when market is going down then you have to wait for the price action setup bcz there is a trend line where operator trying to trap. Bearish-Below 21665 T1-21630 T2-21550 I am not a SEBI Registered This is my analysis for my trading. Kindly consult your financial advisor before taking any action based on this.
NSE:NIFTY
by biswajitbarik21
1
NIFTY Intraday Trade Setup For 14 Feb 2024NIFTY Intraday Trade Setup For 14 Feb 2024 Bullish-Above 21770 Invalid-Below 21720 T- 22011 22190 Bearish-Below 21540 Invalid-Above 21590 T- 21339 21120 NIFTY has closed on a bullish note with 0.59% gain today. As per trade setup it traded between yesterday's range an nothing triggered. However plotted channel pattern was broken and bullishness continued till EOD. Hourly trend is still downside and last swing high is 21850 which can bring a reversal sign if taken out. Our swing short from 21800 is still intact with the initial risk @ 22130. Our short level for tomorrow is 21540 but early sign of reversal can be sensed below 21700. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21770 then we will long for the target of 22011 and 22190. For selling we need a 15 Min candle close below 21540. T- 21339 and 21120. 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