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NIFTY Intraday Trade Setup For 20 Dec 2023NIFTY Intraday Trade Setup For 20 Dec 2023 Bullish-Above 21510 Invalid-Below 21460 T- 21625 21750 Bearish-Below 21380 Invalid-Above 21430 T- 21230 21100 NIFTY has closed on a slight bullish note with 0.16% gain today. Se triggered as per trade setup but was parabolic also it formed a morning star structure just at breakout and reversed which hit sl in short. It has formed a Pinbar candle in daily TF so above 21510 then can be a strong up move towards 21700 zone. If it all this is a short term resistance then it should start to make bearish price structure in 5/15 Min TF. 21510 and 21380 are important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21510 then we will long for the target of 21625 and 21750. For selling we need a 15 Min candle close below 21380. T- 21230 and 21100. 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 DEC 19th"Good morning, friends. Directions for December 19th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral start based on Giftnifty, which shows +3. The previous sentiment has not changed. Structurally, the market is moving in consolidation (range market), so we should wait for the breakout. If it breaks the immediate resistance, then we can expect a rally continuation. On the other hand, if it breaks the immediate support, we can expect the 3rd minor wave, which might entail some long correction. However, the important thing is the structure; if it forms a solid structure, we can expect continuation; otherwise, the range will persist."
NSE:NIFTY
by Manickamtraders
NIFTY analysis for tomorrow 19 Dec 23As we discussed yesterday, Nifty moved sideways. It gets rejected from the 21500. OI shows its preparation for the bearish move, as we can also see on the chart. I am expecting it to touch again, make the double top, and then come down. Reasons : OI has PCR 0.96, which is bullish. But there is a huge CE writing on 21400, 21450, and 21500, which shows that a bearish move is about to come. RSI is showing bullish divergence, while RSI is 50 decreasing. Its a sign of weak bull power. 21500 is acting as nice Price action resistance; also, OI shows huge CE writing on 21500. price > EMAs, which means bulls still have some power. 21250 will be acting as a nice price action support point. all-important levels have been marked on the chart. Verdict : Sideways or Bearish Plan of action: Sell 21500 CE + Buy 21650 CE
NSE:NIFTY
by finnova_
4
NIFTY Intraday Trade Setup For 19 Dec 2023NIFTY Intraday Trade Setup For 19 Dec 2023 Bullish-Above 21500 Invalid-Below 21450 T- 21625 21750 Bearish-Below 21360 Invalid-Above 21410 T- 21230 21100 NIFTY has closed on a slight bearish note with 0.18% cut today. It has formed an inside candle in daily charts. Inside candle is nothing but compression and in intraday we noticed how compression/sideways it was. Bullish move will resume above 21500 once again and that will be the best trade. In case it sustains below 21360 then half bat will be active , taking index near 21230 as an initial pullback. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21500 then we will long for the target of 21625 and 21750. For selling we need a 15 Min candle close below 21360. T- 21230 and 21100. 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 Live Intraday Updates for 18-12-23 !!Nifty important levels to watch are as follows #Support: 21360 Sell below: 21360 only on 15 minute candle closure below the level. Target 1: 21280 Target 2: 21150 #Resistance: 21490 Buy Above: 21490 only on 15 minute candle closure Above the level. Target 1: 21570 Target 2: 21700 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
2
NIFTY Intraday Trade Setup For 18 Dec 2023NIFTY Intraday Trade Setup For 18 Dec 2023 Bullish-Above 21500 Invalid-Below 21450 T- 21650 21825 Bearish-Below 21320 Invalid-Above 21370 T- 21169 21028 NIFTY has closed on a bold bullish note with 2.32% gain last week. Index seems non-stop at least till 22000 mark. Outlook will be simply buy on dips till 22k. No point in in looking for sell positionally. Best trade style in a bull run is either long from a lower level and just trail as we did from 19880 or in intraday wait for a dip in 5/15 Min TF and look for reversal structure in 5 Min TF and simply long and we will keep this is mind till index is bullish. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21500 then we will long for the target of 21650 and 21825. For selling we need a 15 Min candle close below 21320. T- 21169 and 21028. 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 Dec 23As we have been discussing, Nifty has bullishness, but as we see the last day, 15 minutes, it has given a selling candle with high volume pressure. It might take a little rest and sideways consolidation. But OI data still shows bullishness with PCR 1.45. we can expect a more bullish move on nifty. Reason: PCR 1.45 (very Bullish) RSI 75 shows a very bullish Momentum. (Bullish) 21400 and 21300 have huge PE writing that shows the market is in control of bulls. Verdict: Bullish Plan of action: observe 15 15-minute candles and make the bull position. Only go for PE selling. Don't go for a bearish position or buy CE.
NSE:NIFTYLong
by finnova_
NIFTY Intraday Trade Setup For 15 Dec 2023NIFTY Intraday Trade Setup For 15 Dec 2023 bullish-Above 21220 Invalid-Below 21170 T- 21350 21510 Bearish-Below 21110 Invalid-Above 21160 T- 21004 20899 NIFTY has closed on a bold bullish note once again with 1.23% gain today. While 70% gain is contributed through gap up. 10 o'clock range was to be used as per analysis. Range broke upside above 21190 and last swing low was 21147. Trade gave a very small move in favor and closed at cost EOD. Tomorrow 21110 may act as an intraday support but after support validation if it breaks the same then intraday sell off is possible. Above 21220 on flat opening we will simply head higher. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 21220 then we will long for the target of 21350 and 21510. For selling we need a 15 Min candle close below 21110. T- 21004 and 20899. 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 DecToday, we didn't get a trade as per set-up because of the big gap-up. Yesterday we seen a big upmove in US markets as FED kept interest rates unchanged which supported today's rally in Indian Markets. For tomorrow, Nifty looks good if sustains above 21225 for the targets of 21265 and upper marked levels. On the other side, if Nifty breaks 21150 on the downside, more weakness can be expected. Expectations: Volatile Day Intraday Levels: Buy Above - 21250 Sell Below - 21150 To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
NSE:NIFTY
by InvestPro_India
2
#Nifty directions and levels for DEC 14th"Good morning, friends. Directions for December 14th: 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 significant gap-up start, creating uncertainty about its exact opening position. Here's the basic structure: if the market breaks the immediate resistance with solid momentum or experiences minor consolidation, then we can expect a rally continuation. On the other hand, if it rejects around the immediate resistance, we can anticipate a correction, but it should break the 38% Fibonacci level."
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 14 Dec 2023NIFTY Intraday Trade Setup For 14 Dec 2023 Bullish-Above 20950 Invalid-Below 20900 T- 21045 21160 Bearish-Below 20850 Invalid-Above 20900 T- 20750 20658 NIFTY has closed almost on a flat note with 0.1% gain today. Sell triggered as per trade setup below 20860 and gave a move till 20770. Later previous swing high taken out and market gave a strong bullish reversal move and closed market with a bullish sentiment. On a flat opening above 20950 bullish move will continue. Our swing long (from 19880) position was closed @20860 today as per the opted TSL method. Today's low is very important swing in hourly TF for a downside structure. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 20950 then we will long. T- 21045 and 21160. For selling we need a 15 Min candle close below 20850. T- 20750 and 20658. 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 | 14th DecToday, sell trade was triggered in Nifty as per our set-up below 20850 and we saw a fast selling movement as we mentioned in yesterday's analysis. Nifty has shown a good recovery from lower levels today and if sustains above 20950 tomorrow, we expect to see an upmove towards 20990 and upper levels. On the other side, if Nifty again comes below 20850, it will test 20800 and below levels. Expectations: Volatile Day Intraday Levels: Buy Above - 20950 Sell Below - 20850 To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
NSE:NIFTY
by InvestPro_India
1
Nifty Intraday Prediction Levels for 13 Dec 2023The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. You have to trade according to level breakout or breakdown. If you are a new trader then just watch (No Trade) these levels for some days. Happy Trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:NIFTY
by suraranjanganguli
Nifty Intraday Trade Setup | 13th DecWe saw a sharp sell-off from upper levels in Nifty as expected and sell trade triggered below 20950, Nifty taken support near our 3rd target @ 20860. For tomorrow, 20850 will make or break level. If Nifty sustains below 20850, we expect to see fast sell-off tomorrow as well. Expectations: Volatile Day Intraday Levels: Buy Above - 20950 Sell Below - 20850 To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
NSE:NIFTY
by InvestPro_India
2
NIFTY Analysis for tomorrow 13 Dec 23As we discussed yesterday, Nifty gave a breakout to the downside and took support near 20850. but as the pressure of the selling was quite good, the volume increased at each candle after the Breakout. We can expect more fall tomorrow. Reasons: RSI < 40 (Bearish) Bearish engulfing candle at Day-Timeframe. And it's forming at the all-time high top of the trend. (Bearish) Price < EMA(13,50) (Bearish) Bearish Golden Crossover (Bearish) Breakout of the rising wedge pattern. (Bearish) PCR has come to 0.70 from 0.93. which means the Bulls have rounded most of their position. If we see OI data 1st half today, there was only rounding off for PE writing. (Bearish) According to the OI data, there is not much support on the downside. Max Pain is 21000. (Bearish) verdict: Bearish Plan of action: SELL 21000 CE; protect it with hedging.
NSE:NIFTYShort
by finnova_
1
NIFTY Intraday Trade Setup For 13 Dec 2023NIFTY Intraday Trade Setup For 13 Dec 2023 Bullish-Above 20980 Invalid-Below 20930 T- 21130 21300 Bearish-Below 20860 Invalid-Above 20910 T-20703 20540 NIFTY has closed on a bearish note after 2 days. It has closed below PDL so as per our trailing method opted we will exit longs (from 19880) completely below today's low- 20860. Yesterday a rising wedge in hourly TF scenario was discussed which has effected index to fall exactly from there. However our buy level was 21030 and market took resistance from there from the upper trendline (50 points sl). Tomorrow on a flat opening above and below 20980 and 20860 respectively we will plan our trades. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 20980 then we will long for the target of 21130 and 21300. For selling we need a 15 Min candle close below 20860. T- 20703 and 20540. 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 Prediction Levels for 12 Dec 2023The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. You have to trade according to level breakout or breakdown. If you are a new trader then just watch (No Trade) these levels for some days. Happy Trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:NIFTY
by suraranjanganguli
Nifty Intraday Trade Setup | 12th DecNifty is consolidating near a physiological levels of 21000 and we may see some selling if Nifty sustains below 20950 towards 20920 and below marked levels with the white line. On the other side, if Nifty sustains above 21030, we may see the follow-up buying towards 21060 and upper marked levels on the chart. Tomorrow US CPI data will be released in the evening, we may see a volatile session. Expectations: Volatile Day Intraday Levels: Buy Above - 21030 Sell Below - 20950 To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
NSE:NIFTY
by InvestPro_India
1
11th Dec ’23 - No special triggers for Nifty, just status-quoNifty Analysis Recap from yesterday: “On the 63mts TF, The uptrend stays intact. BankNifty has resolved the directional doubt on the upside which may impart more strength to Nifty next week. How high can we go — I am not sure. I wish to continue with my bullish stance till proven wrong.” 4mts chart link - click here The opening candle was quite shaky, we had a swing between 20999 to 20923 i.e. 76pts in the opening 4mts something that is not usual. The next set of candles ensured that the swing made no sense at all. Meanwhile, we hit a new ATH of 21026 today as soon as we hit it - there was a profit booking of 75+ pts over the next 5 to 6 candles. From there we gradually picked up and closed the day positive. The closing 30mts gave me the impression that there was long build-up for tomorrow. We will see how the opening 30mts reacts and then take it forward. 63mts chart link - click here Nifty has completed a beautiful arc shape on the 63mts TF. The base trend line is still upward-facing. For tomorrow also I prefer to maintain the bullish stance. If we are unable to build momentum and Nifty is falling to the 20900 levels then I may have to change the stance to neutral by the end of the day.
NSE:NIFTYLong
by viswaram