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Niftyintradaytradesetup

NIFTY prediction for tomorrow 30 JAN 24As we discussed Nifty yesterday, "Sideways in range bullish after a breakout." nifty gave a breakout in the morning and gave a bull momentum. Chart data: The Market has been range-bound in 21500-21750 for quite some time. It has struck the upper range six times now, which makes it easier to break this time. OI data: OI data PCR = 1.10 indicates the Market is already in bulls' control. 21800 is a nice resistance zone. Once it's clear, it will also give a breakout to charts, and people will start Writing PE at this level. Also, the budget announcement is on the 01 FEB 24, which needs to sound good because the election is nearby. I am expecting the Market to break to the upside and go bullish in upcoming sessions. Reasons: Price > EMAs, which shows the Market is in control of bulls. RSI > 60, which indicates bulls have enough strength to take it higher. Price > VWAP, which indicates the Market is in a balanced phase, making it easier to go higher. OI data PCR = 1.10 shows market is bullish. The Market has been in range for quite some time. It has already touched this zone 6 times; it shows a higher chance of breaking out. Verdict: Bullish Plan of action: SELL 21750 PE (hedge it with Buy 30rs PE)
NSE:NIFTYLong
by finnova_
5
NIFTY Intraday Trade Setup For 29 Jan 2024NIFTY Intraday Trade Setup For 29 Jan 2024 Bullish-Above 21410 Invalid-Below 21360 T- 21627 21855 Bearish-Below 21240 Invalid-Above 21290 T- 20975 20769 NIFTY has closed on a slight bearish note last week with 1% cut. Since the update of NIFTY making a short term top @ 22124 on 18 Jan , it is in correction mode. Only Event is Union Budget which can terminate this correction or else it is aligned for a short term correction towards 20200 zone. However the coming week is filled with major events like Giant's result Union Budget and Fed Event. 21410 and 21240 are important levels for tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21410 then we will long for the target of 21625 and 21855. For selling we need a 15 Min candle close below 21240. T- 20975 and 20769. 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 29 JAN 24As we have discussed, NIFTY has been in a bearish structure for the past week. NIFTY ended sideways in the last session, as discussed in our analysis. Now, if we look at the data on the chart, 21222 is hard SUPPORT, and 21450 is RESISTANCE. Along with it, it's making a falling wedge Pattern, which is a bullish pattern. If it breaks to the upside, the only resistance will be 200 EMA. Once it's crossed, it will be going a bullish 📈 trend move. If we look at OI data 📊 PCR: 0.80 is neutral. 21300 is working as MAXPain. 21250 and 21300 have good PE writing. Which also includes a good chance to go bullish. 1 FEB 2024 is also budget announcement day. That's why people are waiting for the market to make and break. People are waiting for the budget to be announced on 1 FEB (Budget Day). I am expecting the market to be sideways. Reasons: Price < EMAs shows bearishness. RSI ~ 40-60, which shows a sideways market structure. OI data PCR shows 0.80, which is sideways, with 21300 as MAXPain and 21250 and 21300 as good support. 21200 is acting as a good support zone. 50 EMA acting as resistance. If it gets cleared, 200 EMAs will be acting as resistance. Verdict: Sideways Plan of action: SELL 21450 CE and 21200 PE (protect it with hedging)
NSE:NIFTY
by finnova_
2
Nifty Intraday Trade Setup | 25th Jan '24Today Nifty opened with a gap down around 21200 and after forming a low at 21137 Nifty gave more than 300 points recovery from lower levels and closed near day high. For Tomorrow, 25th Jan if Nifty sustains above 21525, we expect more upside towards 21570 and upper marked levels. On the other side, Nifty has to break 21370 for more downside towards 21320 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 21525 Sell Below - 21370 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
Nifty weekly analysis for 23/01/24.Nifty on weekly and daily time frame has formed a engulfing candle and chance are there of market going down if it breaks below 21500 level for intraday. It has been taking support from the daily 20 moving average and rejection from 50% fibonacci level. If market tries to move up side it will hit the resistance levels of 21800. In case the level is crossed and sustained, it can test 22000 level. Up move targets :- 21800, 21970. On the other hand, market can test the support levels of 21500 and 21350. Even the hourly 200 ema will also act as a support i.e. 21430. Support levels :- 21500, 21430. 21350 Chances are there that market can retest the support levels and if the last support levels of 21350 is breached, bearish trade targets can be 21020-21110. Wait for opening of the market as much of the movement is decided after the price action.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 25 Jan 2024NIFTY Intraday Trade Setup For 25 Jan 2024 Bullish-Above 21490 Invalid-Above 21440 T- 21685 21930 Bearish-Below 21210 Invalid-Above 21260 T- 20975 20765 NIFTY has closed on a bullish note with 1% gain today. Yesterday in the trade setup we discussed in detail that there is a possibility of a up move or a pullback of the impulsive down move. Idea came into action today as expected. It opened with a minor cut and pullback was initiated. Now if there is a gap up tomorrow above 21690 then possibility of being sold into will be high tomorrow. Its still sell on rise market as of now. Volatility has increased significantly so reduce position sizing and focus only on quality trades. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21490 then we will long for the target of 21685 and 21930. For selling we need a 15 Min candle close below 21210. T- 20975 and 20765. 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 24/01/24According to our past discussion, NIFTY had a bearish nature for a couple of days. It had a nice fall today. If we look at the chart, it has broken the HNS Neck to the downside with huge volume pressure. The market might continue to be bearish in the coming days. If we look at chart 21025, the next support point can be set as target 1 and 20791 as target 2 according to the HNS pattern breakout to the downside and also the price action level. While looking at the OI data, PCR = 0.63; also, today's OI change shows huge bearishness with Call change = 3.28Cr Put change = -21.82L, which means it was a huge PE windup with additional CE writing. The market is bearish. Reasons: Nifty is making HNS at the top of the trend, which means upcoming sessions are going to be bearish with target levels marked on the chart. (Bearish) Price < EMAs shows the market's bearish nature. (Bearish) The market has given the Death crossover, which is a strong signal of a Bearish market. (Bearish) OI data PCR = 0.63 shows bearish signal. (Bearish) RSI < 40, which shows weakness in bulls strength. (Bearish) VWAP is at 21600, which indicates prices are not volume balanced. (sideways) Verdict: Bearish Plan of action: Look for a 15-minute candle; make a position based on the PA marked on the chart.
NSE:NIFTYShort
by finnova_
6
#Nifty directions and levels for JAN 24th#Nifty "Nifty had a sharp correction. structurally, it might be in a 'C' or '3rd' wave. So, if the market opens with a gap-down, then the correction will likely continue. After the correction, if the market takes support around 21,159 or the Demand zone, we can expect a minimum of a 23% to 38% pullback wave. However, if it doesn't take support, then we can expect further correction. Alternatively, if the market opens with a gap-up, then initially we could expect a 23% to 38% pullback wave. After that, if it rejects there (at 38%), then we can expect correction continuation (meaning the 'C' leg continuation).
NSE:NIFTY
by Manickamtraders
1
NIFTY Intraday Trade Setup For 24 Jan 2024NIFTY Intraday Trade Setup For 24 Jan 2024 Sell_1- From 21550 Invalid-Above 21600 T- 21375 21200 Sell_2- Below 21190 Invalid-Above 21240 T- 20975 20765 NIFTY has closed on a complete bearish note with 1.54% cut today. Yesterday only we discussed that index has changed its trend to bearish and a short term top has been formed @ 22124. Market opened with a decent gap up and sell triggered below 21540 and gave a move till 21193. However 10 o'clock range broke early below 21665. Tomorrow there is a high probability of a pause candle, also there is a high chance of a pullback move to this impulsive down move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 21190 then we will short for the target of 20975 and 20765. In case it tests 21550 via gap up or opening above 21200 then we will short from there. T- 21375 and 21200. 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 JAN 23 #Nifty Good morning, friends. Directions for December 20th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up start based on Giftnifty, which shows +150. Nifty hasn't formed a proper structure, so if the market breaks the previous high, then we can expect a minimum of 21,744 to 21,804. After that, if it consolidates or breaks this level, the rally will likely continue. But as per the wave, its maximum pullback fib level is 78%. However, if the pullback rejects around 61% (21,804), then we could wait for reversal confirmation using the fib swing low to high. If this fib breaks 38%, then we could consider this a reversal for a bearish trend. Alternate view: If the gap-up doesn't sustain or if it rejects around 21,652, then it might turn into correction. But here also, we will wait for confirmation; when it breaks the fib level 38% (21,533), then we can take a short position.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 23 Jan 2024NIFTY Intraday Trade Setup For 23 Jan 2024 Bullish-Above 21730 Invalid-Below 21680 T- 21930 22125 Bearish-Below 21540 Invalid-Above 21590 T- 21345 21095 NIFTY has closed on a bearish note last week with 1.47% cut last week. It has engulfed last two weeks gain entirely, also an sustained exhaustion gap day was observed on 17 Jan 2024. This looks like a short term top @ 22124. No bullish trades (swings) till it is lower than 22124. We will focus more on selling opportunity. Important hourly swings are placed @ 22150 and 21280. A good momentum will pick on this range breakout. 21730 and 21540 are important levels for the next session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21730 then we will long for the target of 21930 and 22130. For selling we need a 15 Min candle close below 21540. T- 21345 and 21095. 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 | 23rd Jan '24Today Nifty opened with a gap up around 21700 and after forming a high at 21720 which was also a resistance zone Nifty kept falling and made lower lows entire day. We traded Nifty Puts in early morning and around 1:35 and booked great profit today. For Tuesday, 23rd Jan if Nifty sustains below 21540, we expect to down move towards 21510 and below marked levels. On the other side, Nifty has to sustains above 21680 for further upside towards 21715 and upper marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 21680 Sell Below - 21540 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
NIFTY Special session analysis 20 Jan 24NSE is running special trading sessions to test the disaster management platform. There is no compulsion to participate in the trading for today. But if you wish to, here is the analysis that you can follow. Nifty Broke went to the downside but quickly recovered and came back inside the descending triangle pattern (Trend continuation pattern). Yesterday, It felt resistance at 200 EMA and résistance trendZone. If nifty breaks the pattern to the upside, it may go to level 21819. But as it is testing day, only a few traders might participate, which might lead to sideways momentum. Reasons: The market is trading at 200 EMA resistance. It's a make-and-break point. Let the pattern break and enter after retesting. OI data PCR = 0.84(weekly) shows amilg bullish signal. That means if it breaks to the upside, it might give nice targets till 21819, marked on the chart. RSI 40 - 60, which is a sign of a sideways market. If it breaks 60 to the upside, it means the market is going to be bullish. Otherwise, don't enter with the option of buying inside the range 40-60. you can go with selling. Price > EMA(13,50) but 200 EMA still providing resistance. go bullish once it's broken and retested. VWAP is at 21700, which will also be acting as resistance. (sideways or bullish.) Verdict: Sideways if it's inside the pattern OR if it breaks to the upside, go bullish after retest. Plan of action: Go for option selling, as many factors are in favor of a sideways market, too. Wait for 15 minutes for the candle to enter after retracement.
NSE:NIFTYLong
by finnova_
Nifty Intraday Trade Setup | 20th Jan '24Today Nifty opened with a gap up around 21600 and after forming a high at 21670 it remained in a range 21640 - 21575 for the whole day. For tomorrow, buy only if Nifty sustains above 21725, expecting an up move towards 21770 and above marked levels. On the down side, Nifty has to break 21550 for further downside towards 21510 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 21725 Sell Below - 21550 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
NIFTY prediction for today LIVE 19 JAN 24As we discussed NIFTY yesterday, it opened a gap down, and then buyers showed a nice momentum to the upside but sadly could not hold it. Support became the resistance and resulted in a sideways. If we look at charts now, 21380 provided massive support in that region. so now the market has created a range in 21380-21500. A break in the range will decide the next moment in the market. If we look at the OI data, PCR = 0.80, which is neutral. And monthly PCR = 1.1, which means bulls are still holding their positions, and yesterday, it was more PE writing than CE writing. That shows 21380 activates the bull's buying pressure. The break of the range will decide the momentum in nifty today. Reasons: Price < EMAs; also price ~ EMA(13) that means makret is bearish also in bearish ZONE. RSI ~ 40 means bulls are weak right now. (sideways or bearish) OI data PCR ~ 0.80, which is neutral for the market. Range break will decide the market momentum. 21450 will be acting as MAXPAIN for bears. Once it's broken to the downside, a good target can be achieved. Price < VWAP shows the bearish structure of the market. Verdict: Sideways or Bearish Sideways in the range 21380-21500. if it breaks to the downside, it will go to a bearish target of 21238. Plan of action: For today, the market is going for CE selling, as a sideways possibility is also there. You will be able to hold your positions firmly.
NSE:NIFTY
by finnova_
5
NIFTY Intraday Trade Setup For 19 Jan 2024NIFTY Intraday Trade Setup For 19 Jan 2024 Bullish-Above 21540 Invalid-Below 21490 T- 21787 21979 Bearish-Below 21280 Invalid-Above 21330 T- 21095 20915 NIFTY has closed on a bearish note with 0.51% cut. It was another gap down day due to global negative cues and majorly HDFCBANK. 10 o'clock range was to be used as per trade setup. Range broke upside 21407 and gave a move till 21539. There was a sharp recovery from 21285 and it held itself at higher levels the rest day. It has formed a spinning top candle which tells indecisiveness, it can also act as reversal above its high , complete or partial that is another thing. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21540 then we will long for the target of 21787 and 21979. For selling we need a 15 Min candle close below 21280. T- 21095 and 20915. 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 Jan '24Today Nifty opened with a gap down around 21400, Nifty tried to break a resistance zone 21480 - 21500 on upside but we saw a sharp selling in morning and Nifty made a low at 21285. However, we also saw a good recovery from lower levels and Nifty closed above it's opening price which is a positive point. For tomorrow, buy only if Nifty sustains above 21530, expecting an up move towards 21570 and above marked levels. On the down side, Nifty has to break 21400 for further downside towards 21360 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 21530 Sell Below - 21400 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 JAN 18th"Good morning, friends! Here are the directions for January 18th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing a -160. HDFC Bank's results' impact is still ongoing. Structurally, we can expect a pullback around the major support level. If it rejects, then we can anticipate a minimum of 38% to 61% pullback. On the other hand, if it breaks or consolidates around the major support level, the correction is likely to continue."
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 18 Jan 2024NIFTY Intraday Trade Setup For 18 Jan 2024 Sell_1- From 21855 Invalid- Above 21905 T- 21705 21600 Sell_2- Below 21550 Invalid- Above 21600 T- 21390 21215 NIFTY has closed on a complete bearish note with 2% cut today. It opened with a big gap down which was triggered by HDFCBANK. It was on the biggest gap down in the recent months and a single component had the contribution. Yesterday we discussed that it formed a spinning top candle and below its low there can be a chance of reversal. Now tomorrow there can be a chance of pullback if today's low is safe. In this case 21855 will act as an intraday resistance. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes below 21550 then we will short for the target of 21390 and 21215. 2nd short can be considered from 21855. T- 21705 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
NIFTY prediction for tomorrow 18 Jan 24As we discussed NIFTY yesterday, "Sideways in the channel if they break to the downside, will turn BEARISH." It opened the downside and gave a very nice bearish moment. For tomorrow, if we look at the chart and OI data, it's a very bearish situation. if we look into OI data PCR = 0.55(weekly) and 0.80(for next week included.) that means monthly is still neutral. If we look at the chart, 21500 is a very good support ZONE, which has been providing support multiple times. This time, it might also take support from there. But on the above side, EMA(200) will be providing resistance at (21650). I am expecting it to take a retracement, and then it will fall again. There are two main possibilities right now. that have been marked on the chart. On the other hand, it has broken the pattern to the downside. If, after retracement, there is volume pressure to sell, it will fall to the next levels of 21250 and 21000. but for now, the main hurdle is 21500. I am expecting the market to take minor support at 21500, and if after that it starts falling and breaks 21500 to the downside, a good fall in the market can be expected. Reasons: Price < EMAs, which indicates the bearishness in the market. RSI < 40, oversold zone shows bulls are weak at this point. So some retracement and then again fall is expected. Price < VWAP that shows bearishness in the market. RSI is showing bullish divergence (marked as Blue), which means 21500 is highly likely to provide minor support. Once the RSI is adjusted, it might fall again. but for now, the RSI needs to be adjusted. OI data shows PCR = 0.55 which is huge bearish. Verdict: Bearish (21500 minor support); if breaks to the downside after retrace. Plan of action: Wait for 15 min candle. Make position how it behaves at 21500 PA.
NSE:NIFTYShort
by finnova_
17