NIFTY Intraday Trade Setup For 26 Dec 2023NIFTY Intraday Trade Setup For 26 Dec 2023
Bullish-Above 21400
Invalid-Below 21350
T- 21550 21710
Bearish-Below 21230
Invalid-Above 21280
T- 21058 20905
NIFTY has formed a halt candle after 7 weeks. It is very obvious after a strong rally, pullbacks are common. 21600 is a short term top formed and next leg of rally will be triggered above that. In hourly TF below 20970, pullback cum down move will be extended till further lower levels. However 20750 will act as a very strong support in the downside. In 15 Min TF it has retraced till 0.618 of the fall. Now both possibility opens up, 21400 will give us a bullish structure once again and propel markets to fresh ATH. Below 21230 the pullback move will get triggered.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21400 then we will long for the target of 21550 and 21707.
For selling we need a 15 Min candle close below 21230. T- 21058 and 20905.
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.
Niftyintradaytradesetup
NIFTY prediction for tomorrow 26 Dec 23NIFTY has been moving in the parallel channel, as has been marked on the chart. NIFTY has 200 EMA support downsides, which have not been tested once. Now, there are only 2 possibilities: it stays in the above channel, and it will be going high and touch the upper channel and face resistance there. But if it stays in the lower channel, then it will surely touch the 200 EMA.
Reasons:
Price = EMA(13,50) can go up or down. (Indecisive)
RSI is 40-60, mostly sideways momentum. (Sideways)
HH and HL formation trend is still bullish unless it makes the HL. (Bullish)
PCR = 1.12 shows bullishness in the trend. There are higher chances to stay in the above channel.
According to the OI data, 21300, 21200, and 21400 Have high PE Writing on the last trading day. But Overall, 21500 has been showing hard resistance 21200 as a support point. This week's expiry is expected to end in 21200-21500.
Verdict:
Bullish is in the green channel, and Bearish is in the red channel.
Plan of action:
Intraday: observe the 15-minute candle, then make the position based on chart analysis.
Weekly position : Sell 21200 PE + Sell 21500 CE.
Nifty - Weekly Analysis & Prediction for 26 to 29th Dec 2023Nifty Prediction for Tuesday and Next Week
BEARISH Trend & Strong Trending move is expected
I have marked the support and resistance levels in the chart which you it yours and plot the levels on your chart. Also I have marked the direction which Im expecting next week and for tuesday.
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!!
#Nifty directions and levels for DEC 22.#Nifty >
"According to the wave structure, it's within a range market zone. Even if it opens with a gap-up or initial market declines, we can expect a minimum correction ranging from 38 to 61%. This correction signifies a minor retracement within the range market. A significant correction is expected only if it breaks the previous low. Furthermore, a pullback continuation is anticipated only if it forms a solid opening structure (such as a long gap-up or consolidation followed by a gap-up)."
NIFTY Intraday Trade Setup For 22 Dec 2023NIFTY Intraday Trade Setup For 22 Dec 2023
Bullish-Above 21290
Invalid-Below 21240
T- 21465 21620
Bearish-Below 21110
Invalid-Above 21160
T- 20950 20770
NIFTY has closed on a bullish note today with 0.5% gain. It opened gap down and as per analysis 10 o'clock range was to be used and range broke upside above 21096 and gave a good move till 21288. Sell would have been effective only on flat/mild positive opening which did not happen and did not favor bears. Tomorrow above 21290 we can give a very good move till 21465 and that will be an intraday resistance. Below 21110 we will short.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21290 then we will long for the target of 21465 and 21620.
For selling we need a 15 Min candle close below 21110. T- 20950 and 20770.
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.
FASP levels for Nifty 22/12/2023The FASP for Nifty is listed for 22-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Nifty Live Intraday Updates for 21-12-2023Nifty important levels to watch are as follows
📍 Support: 20980
📊Sell below: 20980 only on 15 minute candle closure below the level.
📉Target 1: 20900
📉Target 2: 20790
📍 Resistance: 21090
📊 Buy Above: 21090 only on 15 minute candle closure Above the level.
📈Target 1: 21160
📈Target 2: 21240
⚡⚡ 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 refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, 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.
Nifty - Intraday levels & Prediction - for 22 Dec 2023Nifty Prediction for tomorrow.
BULLISH from 21200 Demand zone
BEARISH possible only below 22173
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!!
Nifty Live Intraday Updates for 20-12-23Nifty important levels to watch are as follows
📍 Support: 21430
📊Sell below: 21430 only on 15 minute candle closure below the level.
📉Target 1: 21380
📉Target 2: 21300
📍 Resistance: 20505
📊 Buy Above: 20505 only on 15 minute candle closure Above the level.
📈Target 1: 21550
📈Target 2: 21630
⚡⚡ 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 refer our Indicators published on tradingview if you find it useful give it a like.
⚡⚡ Follow us for more such information, 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.
NIFTY Intraday Trade Setup For 21 Dec 2023NIFTY Intraday Trade Setup For 21 Dec 2023
Bullish-Above 21230
Invalid-Below 21180
T- 21400
Bearish-Below 21070
Invalid-Above 21120
T- 20920 20770
NIFTY has closed on a bold bearish note after months. It has formed an clear cut bearish engulfing candle in daily charts with 1.41% cut. It looks like NIFTY has formed a short term top at 21600. Next important support level seems near 20750-70. We will pan bullish view from there if we get a bullish price structure in 15 Min TF. Tomorrow in case we open flat and candle closes below 21070 then 20750-70 will be tested. In case today's low is safe and we make bullish price structure in 5 Min TF then we will give a sharp pullback.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21230 then we will long for the target of 21400 and above.
For selling we need a 15 Min candle close below 21070. T- 20920 and 20770.
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.
Nifty Intraday Prediction Levels for 19 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.
Nifty Intraday Trade Setup | 19th DecNifty made a ATH at 21492 on Friday and today we saw some selling from higher levels. We have taken STBT position in Nifty and will looking for a sell opportunity in Nifty if it opens flat or small gap-up tomorrow.
We expect to see lower levels around 21340 once Nifty sustains below 21420.
Expectations: Volatile Day
Intraday Levels:
Buy Above - Not looking for buy at these levels.
Sell Below - 21420
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
FASP levels for Nifty 19/12/2023The FASP for Nifty is listed for 19-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Nifty Live Intraday Updates for 19-12-23 !!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: 21455
Buy Above: 21455 only on 15 minute candle closure Above the level.
Target 1: 21500
Target 2: 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.
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.
#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."
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
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.
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.
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.
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.
Nifty - Intraday levels & Prediction - for 18 Dec 2023Nifty Prediction for tomorrow.
BEARISH Reversal can be expected from 21500-21550 levels for a correction.
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!!