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Niftyintradaytradesetup

Nifty Intraday Trade Setup | 16th Jan '24Today Nifty opened with a gap up around 22040 and after making a high around 22080 we saw profit booking from upper levels. Nifty took support around 21965 and made a new ATH towards the closing. For tomorrow, if Nifty sustains above 22120 we will see fresh up move towards 22160 and above marked levels. On the down side, Nifty has to break 22000 for further downside for 21960 and below marked levels. Our biased is bullish for morning and we are looking for up move towards 22150 - 22200. Expectations: Volatile Day Intraday Levels: Buy Above - 22120 Sell Below - 22000 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
NIFTY Intraday Trade Setup For 17 Jan 2024NIFTY Intraday Trade Setup For 17 Jan 2024 Bullish-Above 22130 Invalid-Below 22080 T- 22275 22460 Bearish-Below 21960 Invalid-Above 22010 T- 21840 21700 NIFTY has closed on a slight bearish note 0.29% cut today. It has formed a spinning top candle which indicates indecisiveness. It can result into a reversal too if it breaks today's low- 21960 and in case the immediate next daily candle closes in red then possibility of a reversal is high, small or big we do not know. Index is in the last leg of rally BTW and a top can be formed in 22500 zone (+/-100). Tomorrow 22130 and 21960 are important levels. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22130 then we will long for the target of 22275 and 22460. For selling we need a 15 Min candle close below 21960. T- 21840 and 21700. 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 17 JAN 24As we discussed NIFTY yesterday, it will be going 22100, and then it will settle there. The market did reach the level, and then, because of resistance there, it reversed back. Again, took support is at a day's low. If we see selling candles had a higher volume than buying candles. That shows the market will be turning bearish soon. We have marked a zone of today's highs and lows. If the market breaks the zone to the downside, then selling can be seen in the market. The best points to make an entry will be either entering at high (22100 rejection) or entering at the breakdown (today's low). According to the OI data, PCR 0.8 dropped from 1.51(yesterday). Shows sellers are becoming aggressive at higher points(~22100). Also, in today's 2nd half, there is no new PE writing. Only CE selling happens at higher levels (22000 and 22050). Also, there was a huge PE unwinding at higher levels (22100). Also, it has faced rejection from the resistance trendline. I am expecting a bearish market in tomorrow's session. Reasons: Price got a rejection from the resistance trendline. It should continue its momentum to go downwards as marked on the chart. (sideways or Bearish) Price > EMA(200) and VWAP require some consolidation or correction at this point (also discussed yesterday). (sideways or Bearish) OI data shows a huge decrease in PCR from 1.51 -> 0.80, which shows huge bearishness in the market—an indication of a reversal. RSI has also dropped to the 40-60 range, which is sideways, but if it falls below 40, it will turn into a bearish market. Verdict: Sideways in the channel, if they break to the downside, will turn BEARISH Plan of Action: Keep neutral position IRON CONDOR inside range AND Go bearish with sell 22000 CE Sell (with Hedge protection)
NSE:NIFTYShort
by finnova_
2
NIFTY Intraday Trade Setup For 16 Jan 2024NIFTY Intraday Trade Setup For 16 Jan 2024 Bullish-Above 22120 Invalid- Below 22070 T- 22275 22460 Bearish-Below 22010 Above- 22060 T- 21875 21715 NIFTY has closed on a bullish note with almost 1% gain today. It opened with a decent gap up today and as per trade setup 10 o'clock range was to be used. Range broke upside above 22082 and gave a small move till 22115. In the weekend analysis it was said that index is ready to break 22k in flow which will be backed by It results and reliance. Tomorrow once again bullishness may continue above today's high. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22120 then we will long for the target of 22275 and 22460. For selling we need a 15 Min candle close below 22010. T- 21875 and 21715. 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 16th JAN 24As we discussed yesterday, "it will reach 22100, and then it will face resistance there". If we look at the chart data right now, It has touched 22100. also, right now, it's trading at the resistance trendline, which will provide resistance from here. According to OI data, PCR = 1.51, which is super bullish. On the upside, there is no resistance. All levels have very low CE Writing. OI data shows it's very bullish right now. 22000 has HUGE PE writing, which will be providing very nice support. The market is trading at the upper region of the channel. There are high chances of settling the market here. I expect the market to go sideways. There is not much target left according to the price action. Reasons: Price> EMAs show bullishness in the market. But EMA(13) >> EMA(200), which indicates the market is stretched. RSI = 80, which shows the market is overbought. Also, the RSI is showing a bearish divergence. That might lead to some correction in the market. Price (22100) > > VWAP (21700) shows Price is not balanced with volume data. It might lead to correction for some points. The Market is continuously making HH and HL. Shows very good strength of the trend. But it requires some consolidation here. According to Extended Fib, retracement shows a 1.414 level as 22138, which is exactly at the resistance trendline. According to OI data, there is too much PE writing today. There is very minimal CE writing at the upper level, 22100 is showing MAX PAIN. Also FII and PRO shows bullishness in index option data. Verdict: Bullish might have some consolation at the resistance trendline. Plan of Action: Wait 15 min candle; make position according to levels marked at chart.
NSE:NIFTY
by finnova_
2
NIFTY Intraday Trade Setup For 15 Jan 2024NIFTY Intraday Trade Setup For 15 Jan 2024 Bullish-Above 21930 Invalid-Below 21880 T- 22070 22195 Bearish-Below 21800 Invalid-Below 21850 T- 21642 21508 NIFTY has closed on a slight positive note with 0.85% gain last week. Index looks ready to break 22k mark with 3rd quarter results. Index will face a major resistance near 22500 as per ABCD PRZ (2.618) in weekly TF. No Point in looking for short (swing) till 22500. On Friday index broke 10 days contraction pattern (parallel channel) which held index in a tight range. Also we need to observe the daily price action for riding the trend till the fullest, till the time index is in bullish price structure. 21930 and 21800 are important levels for Monday's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21930 then we will long for the target of 22070 and 22195. For selling we need a 15 Min candle close below 21800. T- 21642 and 21508. 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 Jan '24Today Nifty opened with a gap up around 21790, in morning we saw fast dip towards 21725 which was our buy level. Nifty took support around this level, started going up and we saw good rally on Friday. For tomorrow, if Nifty sustains above 21930 we will see fresh buying towards 21970 and above marked levels. On the down side, Nifty has to break 21790, below that level we may see 21760 and below marked levels. Our biased is bullish for tomorrow and we are looking for up move towards 2200 - 22100 in next week. Expectations: Volatile Day Intraday Levels: Buy Above - 21930 Sell Below - 21790 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTYLong
by InvestPro_India
1
NIFTY prediction for tomorrow 15 JAN 24As we discussed, NIFTY would be "Sideways unless it breaks the range to either side." on Friday, it broke to the upside and gave a really nice bullish rally. People who Bought CE or sold PE might have made good money. For tomorrow all important levels have been marked on the chart. If we look right now, it's trading ALL-TIME-HIGH, which might lead to a 22,000 target. If we see the charts, we are on the way to touching the resistance trendline. Once it reaches there, it will face resistance. GIFTNIFTY is already showing 21975 closing in the last session. The upper range to go nifty is 22100. So, I expect it to go up and then from 22100 settle down. If we see OI data PCR = 1.40 which shows highly bullish indications for upcoming sessions. 22000 is having significantly good resistance level lets see how the price action behave there. MAX Pain for now is 22000. Tomorrow it might open gap-up and then reach 22100 and then correct for some points that might lead to a sideways market too. Reasons: Price > EMA(13,50,200) which shows price have strength. The bulls are in control. (Bullish) EMA(13,50) crossover shows bullishness in the Market. RSI is above 60, which means it's in the Bullish zone. RSI is showing good strength in trend. OI data PCR = 1.40, which is highly bullish. It's a very good sign of bullishness. VWAP > > Price shows that the price is not volume balanced. It's obviously bullish. But if it goes further, you have to correct some points to get balanced. The Market is continuously making HH and HL. Shows very good strength of the trend. Verdict: Bullish Plan of action: Wait for 15 min Candle; and then make position based on price action levels marked on chart.
NSE:NIFTYLong
by finnova_
2
#Nifty directions and levels for JAN 12.#Nifty Good morning, friends! Here are the directions for January 12th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +25. Nifty has progressed in sub-wave 4th (motive wave). So, if it opens with a gap-up, we can consider that as the beginning of the 5th wave. It may reach 21,760; after that, if it rejects sharply, then we can complete the 5th wave and anticipate the correctional (ABC) wave. This is the basic structure; however, if the market sustains or consolidates around 21,760, then the 5th might extend. Bearish aspect: As per the long picture, it's a diagonal triangle, so if the gap-up doesn't sustain, then the diagonal triangle might continue.
NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Trade Setup | 12th Jan '24Today Nifty opened with a gap up around 21700 and we booked profit in BTST trade we took yesterday. Nifty faced rejection at 21725 which was a strong resistance zone and we got a good fall in morning towards 21640 which was our buy level for today. For tomorrow, if Nifty sustains below 21590 we expect to see more downside towards 21550 and below marked levels. On the down side, Nifty has to break 21725 for further upside towards 21760 and upper marked levels. Our biased it bearish and we are looking for fall tomorrow below 21590. Expectations: Volatile Day Intraday Levels: Buy Above - 21725 Sell Below - 21590 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 12 Jan 2024NIFTY Intraday Trade Setup For 12 Jan 2024 Bullish-Above 21730 Invalid-Below 21680 T- 21860 22015 Bearish-Below 21590 Invalid-Above 21640 T- 21450 21300 NIFTY has closed on almost on a flat note with minor gain of 0.13% today. It opened with a gap up near hourly upper trendline of the parallel channel. Trendline was respected and fall of almost 90 points came. Closing basis it was just another consolidation day. Till the time index is trading in this hourly parallel channel intraday will be choppy. Directional traders need to wait for its breakout, high probable in the upside. Tomorrow 21730 and 21590 are important levels. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21730 then we will long for the target of 21860 and 22015. For selling we need a 15 Min candle close below 21590. T- 21450 and 21300. 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 prediction for tomorrow 12 JAN 24As we discussed, Nifty has been moving in a sideways range-bound market in the range of 21500 and 21750. also, today, it took very nice support from 200 EMA and activated buyers. But once it's moving in the range, it could not be better for option buyers. Right now, the only you can do is option selling with IRON CONDOR. If we look at OI, we can see PCR = 0.7, which is leaned to the bear side. The market has shown a bearish structure this whole week. There are higher chances to break it to the downside. If it breaks to the downside, I am expecting it to fall nicely; otherwise, I will be playing range-bound for Selling options. Also, the market has formed an insider candle on the day's time frame. Unless this insider candle is cleared, I am expecting it to be range-bound between 21500 and 21750. Reasons: Price > EMAs shows the market still has a good bull control. (Bearish) RSI ~ 50 increasing means bulls are trying to get the market to go up. But still RSI = 40-60 means still sideways. Once it breaks to RSI(60) upside, We can expect a nice bull move. (Bearish) If we see OI 21650 and 21700 have a huge resistance wall, it means huge CE writing at those levels. (Bearish) 21600 is MAX PAIN. If it breaks to the downside, a good fall can be seen in nifty till the level of 21120. (Bearish) Verdict: Sideways unless breaks the range to either side. Plan of action : Right now, you can go for IRON CONDOR. for range 21500-21750. OR Sell 21750 CE and sell 21500 PE (Hedge with 15rs PE and CE)
NSE:NIFTY
by finnova_
#Nifty directions and levels for JAN 11th.#Nifty Good morning, friends! Here are the directions for January 11th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +20. Nifty is progressing within the bullish triangle pattern. So, if the market sustains the gap-up, then we can expect pullback continuation with minor consolidation. We can expect a correction only if the market rejects the immediate resistance level with a 38% retracement.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 11 Jan 2024NIFTY Intraday Trade Setup For 11 Jan 2024 Bullish-Above 21645 Invalid-Below 21595 T- 21765 21855 Bearish-Below 21440 Invalid-Above 21490 T- 21300 21150 NIFTY has closed on a slight bullish note with 0.34% today. It was another range trading between 21500 and 21850. However it tried to break the range lower but bounced back in the very next candle which hit our sl. Now slight change to our hourly zone, 21850 and 21450 is the zone. Breakout of this zone will give us a directional move. It is consolidating after a big run which is pretty obvious as per market phases. Tomorrow 21650 and 21450 are intraday levels. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21645 then we will long for the target of 21765 and 21855. For selling we need a 15 Min candle close below 21440. T- 21300 and 21150. 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 | 11th Jan '24Today Nifty opened flat and we saw a sharp down move towards 21450 but it didn't sustain below 21470 which was our sell level, after consolidating near 21500 - 21470 support zone we saw a good rally in afternoon session. For tomorrow, if Nifty sustains above 21640 we expect to see upside towards 21680 and upper marked levels. On the down side, Nifty has to break 21450, which can take Nifty towards 21410 and lower levels. Range is bigger for tomorrow in Nifty weekly expiry, trade cautiously. Expectations: Volatile Day Intraday Levels: Buy Above - 21640 Sell Below - 21450 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 | 10th Jan '24Today Nifty opened with a gap-up, after consolidating it triggered a buy trade above 21640 and made a high around 21724 which was near to our final target. In second half we saw the rejection which was expected and a sharp fall of more than 200 points from a day high in Nifty towards 21517. For tomorrow, if Nifty sustains below 21470 we expect to see more downside towards 21430 and below levels. On the upside, Nifty has to break 21645, which can take Nifty towards 21675 and higher levels as marked on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21645 Sell Below - 21470 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTYShort
by InvestPro_India
1
NIFTY Intraday Trade Setup For 10 Jan 2023NIFTY Intraday Trade Setup For 10 Jan 2023 Bullish-Above 21725 Invalid-Below 21675 T- 21855 22015 Bearish-Below 21490 Invalid-Above 21540 T- 21625 21150 NIFTY has closed almost on a flat note with minor gain of 0.15% gain, all contributed via gap up. As per previous day analysis we planned a pullback short in case of a flat/gap up opening. Sell triggered @ 21660 and and made a low of 21595 which was 1:1, later it reversed and hit sl. Index is broadly trading in the range of 21850 and 21490 since last 3 sessions. One directional move will come on this 360 points range breakout. Tomorrow we will simply plan trade on today's range breakout. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21725 then we will long for the target of 21855 and 22015. For selling we need a 15 min candle close below 21490. T- 21325 and 21150. 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 10 Jan 24As we discussed, Nifty has been moving in a sideways range-bound market in the range of 21500 and 21750. right now, it is on a support line. If it breaks to the downside, it can achieve a nice bearish target. But as we can see, it had formed an insider candle in the time frame. According to the OI data, PCR is 0.65 overall. The market has shown a bearish structure for the past 3 days. There are higher chances to break it to the downside. If it breaks to the downside, I am expecting it to fall nicely; otherwise, I will be playing range-bound Selling options. Reasons: Price < EMAs shows the bearish market. If it falls, a good target can be achieved. (Bearish) RSI has dropped to the bearish zone (<40), which shows very weak bulls in the market. (Bearish) OI data shows PCR = 0.65, which is assumed to be the bearish market condition. Today, CE was added in large quantities, which can be seen in the daily OI change. There is a huge CE writing on levels 21600, 21650, and 21700. (Bearish) 21500 is MAX PAIN. If it breaks to the downside, a good fall can be seen in nifty till the level of 21120. (Bearish) At the time of fall, volume is quite high today, but once it came to support a good volume of CE unwinding (Bearish) Verdict: Bearish Plan of action: Bearish if it Breaks the 21500 level to the downside; otherwise, wait for PA at 21500. Note: PA = Price Action
NSE:NIFTYShort
by finnova_
Nifty Intraday Trade Setup | 9th Jan '24Today Nifty opened with a gap-up and after making a high around 21760 we saw a good selling from upper levels. Nifty triggered our sell level 21630 and hit all the targets on downside. For tomorrow, if Nifty sustains above 21640 we expect to see more upside towards 21670 and upper levels. On the downside, Nifty has to break 21490 to open more lower targets as marked on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21640 Sell Below - 21490 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 09 Jan 2023NIFTY Intraday Trade Setup For 09 Jan 2023 Sell_1- From 21660 Invalid-Above 21710 T- 21550 21400 Sell_2- Below 21490 Invalid-Above 21540 T- 21325 21160 NIFTY has closed on a bearish note with 0.91% cut today. It was bearish since starting and ended the day at day low. Sell triggered below 21620 as per trade setup which hit our 1st target (21620-21493). Bearish stance will continue tomorrow below today's low. Major hourly support lies near 21280- 21300. Will look for bullish reversal from this zone in 5 Min TF. Incase this support is not held then we may test 21160 which is less probable. Incase it opens flat or gap up 21660 will be intraday resistance. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 21490 then we will short for the target of 21325 and 21159. 2nd sell can be considered from 21660. T- 21550 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
4
#Nifty directions and levels for JAN 9th."Good morning, friends! Here are the directions for January 9th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing a +120. If the gap-up sustains, our minimum target is 38%. Should it break, a pullback is likely to continue, reaching levels of 50% and 61%. On the other hand, if it rejects around 38% or the gap-up doesn't sustain, we can expect a correction. Continuation will only occur if it breaks the immediate support level."
NSE:NIFTY
by Manickamtraders
Nifty Intraday Trade Setup | 8th Jan '24Today Nifty opened with a gap-up above 21700 which was our buy level, and remained in the range until 10:30 am. Nifty broke it's range on the downside, and we took Sell trade on the breakdown which gave quick 30 points profit. For Monday, until Nifty cross 21800 we are not comfortable in buying as there are multiple resistances in 21750 - 21800 zone. Let Nifty sustain above 21800, we expect to see some upside towards 21830 and upper marked levels. However, for further rally 21850 is the deciding level, once it's crossed we expect to see 250 - 350 points fast up move. On the downside, once Nifty sustains below 21630 which is today's low we may see further downside towards 21590 and below marked levels on the chart. To break the current uptrend, Nifty has to sustain below 21500 which is critical level on the downside. Expectations: Volatile Day Intraday Levels: Buy Above - 21820 Sell Below - 21630 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1