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NIFTY Intraday Trade Setup For 08 Jan 2023NIFTY Intraday Trade Setup For 08 Jan 2023 Bullish-Above 21750 Invalid-Below 21700 T- 21870 22015 Bearish-Below 21620 Invalid-Above 21670 T- 21477 21290 NIFTY has closed on a flat note last week. It has taken a pause/rest in the leg of 22463-22500. As per ABCD pattern in weekly TF 22400-500 is PRZ. Above 21850 the next round of up move will be triggered again. Since it has started to consolidate below 21850 if 21620 is broken then we will test 21280-300 zone which will be confirmed after 21500 is broken. We will plan a long trade from 21280-300 zone. Between 21850 and 21500 it will be more or less sideways. 21750 and 21620 are important levels for Monday's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21750 then we will long for the target of 21870 and 22015. For selling we need a 15 Min candle close below 21620. T- 21477 and 21290. 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 8 Jan 24As we have been discussing the NIFTY in the channel, It performed really well. But now it's forming a new pattern that can be seen in the chart. Nifty has been showing a very bullish signal as it has been super bullish in the last hour today. Suppose we look into OI data PCR = 0.88, which is assumed to be mild bullish. Also, it has been taken support at the trendline. I am expecting it to go bullish if it can break the 21700 to the upside. Then, once it retraces, we can make the entry and hold till 21900 min as marked on the chart. OR it can be sideways inside the given ascending triangle marked using BLUE annotation. 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 about to cross 60 to the upside, which means it's entering in the Bullish zone. RSI is showing good strength in trend. OI data PCR = 0.82, which is mild bullish. As it's the first day, it won't make any difference, but still, it's a sign of bullishness. Along with it, In 2nd half today, most Positions have been exited, and 21700 and 21800 still have nice resistance. The market has taken very nice support from 50 EMA. There are chances to go HH, HL. Verdict: Bullish Plan of action: Sell 21700 PE + BUY 21300 CE(For hedge and margin benifits)
NSE:NIFTYLong
by finnova_
2
NIFTY Prediction for tomorrow 5 Jan 24As we have been discussing the NIFTY in the channel, It performed really well. But now it's forming a new pattern that can be seen in the chart. Nifty has been showing a very bullish signal as it has been super bullish in the last hour today. Suppose we look into OI data PCR = 0.88, which is assumed to be mild bullish. Also, it has been taken support at the trendline. I am expecting it to go bullish if it can break the 21700 to the upside. Then, once it retraces, we can make the entry and hold till 21900 min as marked on the chart. OR it can be sideways inside the given ascending triangle marked using BLUE annotation. 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 about to cross 60 to the upside, which means it's entering in the Bullish zone. RSI is showing good strength in trend. OI data PCR = 0.82, which is mild bullish. As it's the first day, it won't make any difference, but still, it's a sign of bullishness. Along with it, In 2nd half today, most Positions have been exited, and 21700 and 21800 still have nice resistance. The market has taken very nice support from 50 EMA. There are chances to go HH, HL. Verdict: Bullish Plan of action : Sell 21700 PE + BUY 21300 CE(For hedge and margin benifit)
NSE:NIFTYLong
by finnova_
#Nifty directions and levels for Jan 5th"Giftnifty indicates a -5 point trend, suggesting that Nifty might open neutrally. after that If it experiences a pullback and effectively breaks the level of 21707, we can expect its continuation towards the 78% supply zone.we can expect its continuation towards the 78% supply zone Bearish perspective: If the market opens with a gap-down or faces rejection around the 21707 level, we can anticipate a minimum 38% to 61% Fibonacci correction. Structurally, a correction might transform into the second leg of a correctional pattern.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 05 Jan 2023NIFTY Intraday Trade Setup For 05 Jan 2023 Bullish-Above 21690 Invalid-Below 21640 T- 21850 21980 Bearish-Below 21590 Invalid-Above 21640 T- 21465 21325 NIFTY has closed on a bullish note with 0.66% gain today. It opened with a gap up and also sustained the gap up. Buy triggered as per trade setup above 21590 and almost 90 points till 21685. However the momentum was less stronger than BANKNIFTY. Possibility is high that we may hit a fresh ATH above today's high 21690. Important intraday resistance will be 21850-30. For a downside journey and gap filling 21590 is the level to be watched for breakout. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21690 then we will long for the target of 21830-50 and 21980. For selling we need a 15 Min candle close below 21590. T- 21465 and 21325. 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 | 5th Jan '24Today Nifty with a gap-up above 21600, broke the resistance line and rejection level for yesterday with gap-up and sustaining above 21600 triggered our buy level. Nifty made a high around 21685 and we booked profit in both 21600 and 21650 CEs today. For tomorrow, if Nifty breaks 21700 on the upside, we expect to see further buying towards 21740 and above levels marked. On the downside side, if Nifty breaks 21590, we expect to see more weakness towards 21550 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21700 Sell Below - 21590 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 | 4th Jan '24Today Nifty again opened flat, broke our sell level 21600 on the downside and made a low at 21500. We booked great profit in Nifty 4th Jan & 11th Jan expiry Puts. For tomorrow, if Nifty breaks 21470 on the downside we expect to see further selling towards 21430 and below levels marked on the chart. On the other side, if Nifty sustains above 21600, we expect to see some bounce towards 21630 and upper marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 21600 Sell Below - 21470 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 04 Jan 2023NIFTY Intraday Trade Setup For 04 Jan 2023 Bullish-Above 21585 Invalid-Below 21535 T- 21712 21855 Bearish-Below 21500 Invalid-Above 21550 T- 21390 21275 NIFTY has closed on a bearish note with 0.69% cut today. Sell triggered as per trade setup below 21550 and gave a small move till 21500, our targets were yet to be achieved. Bearish move will resume below 21500 tomorrow and best case will be flat opening. Next important support will be 21390 and a reversal may take place from there. Extreme case it may even test 21275 if 21390 will not be held. 21585 is the level for a bullish move. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21585 then we will long for the target of 21712 and 21855. For selling we need a 15 Min candle close below 21500. T- 21390 and 21275. 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 4th Jan 24As we have discussed, the Nifty in the morning analysis fell quite a few points with a nice selling volume. Right now, Nifty is moving into the bearish channel and is supposed to complete it. It will move to the 200 EMA, and it might take support there. According to the OI data, PCR 0.62 means it's very bearish. I am expecting it to fall to 200 EMA. Reason: Price < EMA(13,50,200) in 15 min TF. it's very bearish right now. (Bearish) OI data shows PCR 0.62, which is very bearish, and higher levels 21500, 21550, and 21600 are showing very high CE writing. 21600 is a very strong resistance. (Bearish) RSI < 40 shows the very weak power of bulls. (Bearish) 21500 is a good price action level. If it breaks to the downside, then it will give a nice fall. In the 2nd half, it has been a very good selling with the increasing volume of every candle. Verdict: Bearish Plan of action : If the morning candle opens sideways, then you may go Bearish; in the case of Gap, wait for the trend.
NSE:NIFTYShort
by finnova_
Nifty Intraday Trade Setup | 3rd Jan '24Today Nifty opened flat, tried to take support around 21700 but after sometime broke our sell level 21680 on the downside and made a low around 21550 which was our final target. For tomorrow, if Nifty breaks 21600 on the downside we expect to see 21560 and below levels marked on the chart. On the other side, if Nifty sustains above 21700, we expect to see some bounce towards 21740 and upper marked levels. Until Nifty sustains above 21850, it's sell on rise. Expectations: Volatile Day Intraday Levels: Buy Above - 21700 Sell Below - 21600 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 03 Jan 2023NIFTY Intraday Trade Setup For 03 Jan 2023 Bullish-Above 21700 Invalid-Below 21650 T- 21855 21980 Bearish-Below 21550 Invalid-Above 21600 T- 21435 21298 NIFTY has closed on a slight bearish note with 0.35% cut today. It will start to make a bearish price structure below 21550 in hourly TF. Below 21550 there can be good selling in the coming days. There has been sharp selling from 21830 till 21555 ,21700 is an intraday level to be watched for a bullish move as that's 50 % if the fall. This will take NIFTY towards ATH. Important intraday resistance is 21855. Major intraday support lies near 21275 or 21300 zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21700 then we will long for the target of 21855 and 21980. For selling we need a 15 Min candle close below 21550. T- 21415 and 21275. 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 | 2nd Jan '24Today Nifty opened flat and remained in a range for first half. After 1:30 it broke range, went above our buy level 21760 and 2 targets on buying side were done. We updated about the important resistance level of 21850, in last week analysis and today we saw good rejection near that level. For tomorrow, if Nifty breaks 21670 on the downside we expect to see 21630 and below levels marked on the chart. On the other side, if Nifty sustains above 21850, we will see fresh buying which could take Nifty towards 21890 and upper marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21850 Sell Below - 21670 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
4
NIFTY prediction for today 2nd Jan 24As we have discussed, Nifty has been moving upwards in the channel. It was trading up on the channel. But yesterday, in the last 30 minutes, the fall was very strong. It might be the clear-cut signal of the Bearish market ahead in the week. Reasons : It has been traveling in the bullish channel side. The fall was sharp, indicating the power for bears is strong at 21800. 21680 has been providing support. If it breaks to the downside, the next direct target will be 200 EMA. According to the OI data, PCR is 0.9. which is mildly bullish. 21700 still has very nice support. If it breaks, bears will be gaining control. in 15 min TF price < EMA(13,50). if there is a crossover, EMA(13,50), the market will turn bearish. and the direct target will be 21500. RSI is near 40 going downwards, which means the market is going to be bearish today. RSI is showing bearish divergence, which means a fall is expected. most of the points discussed above show that the market is going to be bearish for this week. Verdict: Bearish Plan of action: Sell 21750 CE and hedge it with a small CE premium.
NSE:NIFTYShort
by finnova_
#Nifty directions and levels for January 1st."Very happy New Year, friends! May the New Year overflow with prosperity, successful investments, and exciting opportunities for our stock market. Wishing everyone a year of wise choices, profitable trades, and joyous moments. Happy New Year to our incredible team!🤝🍬🌺❤️ Here are the directions for January 1st: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -40. Structurally, both Nifty and BankNifty indicate a range market, so we can expect significant movement after the immediate levels are broken. On the other hand, if they reject around the immediate level, then the range is likely to continue."
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 01 Jan 2023NIFTY Intraday Trade Setup For 01 Jan 2023 Bullish-Above 21810 Invalid-Below 21760 T- 21940 22070 Bearish-Below 21670 Invalid-Above 21710 T- 21570 21435 NIFTY has closed on a bullish note last week with 1.79% gain. Index is approaching 22k mark as discussed in the last week. Possibility of a major top seems near 22500 zone. However 22070-22100 can also trigger profit booking being a round level zone. No plan of sell till the bullish price structure is intact in daily TF. Since last 2 sessions it index has formed a range 21810 and 21670 are the level for range shift. We will plan directional trades on this range breakout. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 21810 then we will long for the target of 21940 and 22070. For selling we need a 15 Min candle close below 21670. T- 21570 and 21435. 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. Happy New Year In Advance
NSE:NIFTY
by Omahto
Nifty Intraday Trade Setup | 1st Jan '24Today was a range bound day, Nifty moved in 70 points range from 21760 to 21690 broadly. Sell trade triggered below 21720 and Nifty hit our 1st target on the downside. For tomorrow, if Nifty sustains above 21760 we expect to see more upside towards 21790 and upper marked levels. On the other side, if Nifty breaks 21670 on the downside, we may see 21630 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21760 Sell Below - 21670 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 levels & Prediction for 02nd Jan 2024Happy New Year 2024 to everyone.. New beginnings are just around the corner. Nifty Prediction for Tomorrow BEARISH Reversal from 2780-21800 Resistance zone, any breakout of this level we can expect BULLISH Rally. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:NIFTYShort
by ViVenTraders
NIFTY prediction for 1st Jan 24 (🚀 Happy New Year 🚀 ) 🥳Greetings, fellow traders! As we bid farewell to 2023 and welcome 2024, I want to wish you all a very Happy New Year. 🎉 What a year it has been for us! We have witnessed some incredible highs and lows in the market, and we have learned a lot from our successes and failures. We have also grown as traders, honing our skills and strategies, and adapting to the changing conditions. But we are not done yet. We have a new year ahead of us, full of new opportunities and challenges. We have a chance to start fresh, to correct our mistakes, and to improve our performance. We have a goal to achieve, to become the best traders we can be. And we will do it together, as a community of passionate and dedicated traders. We will support each other, share our insights and tips, and celebrate our wins. We will also be smart and disciplined, following our plans and rules, and managing our risks and emotions. So, are you ready to take on 2024? I know I am. But before we do, let’s take a moment to review the most important index for the Indian market: NIFTY. NIFTY has been moving in the rising Bullish zone, as discussed. It has touched the upper channel of the bullish zone. This indicates Nifty will soon be taking a bearish move. Looking at OI PCR = 0.90 (Neutral) indicates the market is neutral for now. But the chart indicates it will turn bearish soon. Reasons: RSI is 40-60, which is mostly sideways; OI confirms the same. it's near the middle channel of the bullish zone. If it breaks to the downside, it will trigger a bearish move in the market. Price > EMA(50,200), which indicates the market is still in bulls' control. Green Zone, which is 21500, will be providing nice support, which is also a barrier between bullish and bearish zones here. RSI shows bullish divergence, as has been marked on the chart. Verdict: Neutral OR Bearish Plan of action: Sell 21800 CE and 21500 PE and hedge them with a small premium option value.
NSE:NIFTY
by finnova_
Nifty Intraday Trade Setup | 29th DecToday was a typical expiry day, Nifty opened with a gap-up and after consolidation made a low at 21678 and our buy level was 21680. Nifty gave a good upside from our buy level towards 21801 and all our targets were done. Though we took Nifty Sell trade and booked approx 40 points profit in options that was the only trade for today. For tomorrow, if Nifty sustains above 21850 we expect to see more upside towards 21890 and upper marked levels. On the other side, if Nifty breaks 21720 on the downside, we may see 21680 and below marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 21850 Sell Below - 21720 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
4
Nifty View - 14 December 2023Nifty has been stronger than BNF today. Since the trend is bullish, it makes sense to enter this trade. 21700 to 21747 market can be sideways. Above 21747, we can see buyers. Target, if bullish, should be 21762 and 21775-21785. Below 21700, we can see bearishness. The target should be 21689. I'm leaning towards bullishness with the multi-day trend - today is a bit tricky as there is no clear intraday trend. I will manage R to R accordingly. A good entry is between 21710 and 21720.
NSE:NIFTYLong
by pr0p
NIFTY Intraday Trade Setup For 29 Dec 2023NIFTY Intraday Trade Setup For 29 Dec 2023 Bullish-Above 21810 Invalid-Below 21760 T- 21940 22070 Bearish-Below 21720 Invalid-Above 21770 T- 21577 21436 NIFTY has closed on a bullish note with 0.57% gain today. It opened with gap up above our buy level. 10 o'clock range was to be used as per trade setup. Range broke upside above 21760 and till 21801. It was more or less sideways the whole day, the momentum. Index is at striking distance from 22k mark which is going to be the next zone for a bull stop. Tomorrow there can be 2 way move so be ready to trade Intraday market structure. 21810 and 21720 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21810 then we will long for the target of For selling we need a 15 Min candle close below 21720. T- 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