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Niftyintradaytradesetup

#Nifty directions and levels for NOV 30"Good morning, friends🌺! As of November 30th, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market exhibits a significantly bullish trend. It might open with a neutral to a slight gap-down, considering the GiftNifty value at -10. Structurally, it appears to be a range-bound market. Even if it opens with a gap-up or gap-down, a minor correction of 23 to 38% can be expected. The rally will persist only if the market solidly breaks the immediate resistance level. This same sentiment applies to a bearish structure, indicating that a correction will occur only if it breaks the 38% Fibonacci level. Until then, we can anticipate the market remaining within a range."
NSE:NIFTY
by Manickamtraders
2
NIFTY Intraday Trade Setup For 30 Nov 2023NIFTY Intraday Trade Setup For 30 Nov 2023 Bullish-Above 20110 Invalid-Below 20060 T- 20230 20350 Bearish-Below 19990 Invalid-Above 20050 T- 19865 19757 NIFTY has closed on a bullish note with 1.04% gain today. In the weekend we discussed in detail about the bullish move above 19890. It was explained that above 19890 we will start the next leg of rally towards a fresh ATH so is happening. Yesterday it was triggered and till now it has given more than 1% move. Today it opened with a gap up above our buy level so 10 o'clock range was to be used as per setup. Range broke upside above 20011 and gave a move till 20104. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 20110 then we will long for the target of 20230 and 20350. For selling we need a 15 Min candle close below 19990. T- 19865 and 19757. 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
FASP levels for Nifty 30/11/2023The FASP for Nifty is listed for 30-11-2023. 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.
NSE:NIFTY
by SathishChandrasekaran
#Nifty directions and levels for NOV 29th"Good morning, friends🌺! As of November 29th, the global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bullish trend. It might open with a slight gap-up start, considering the GiftNifty value at +60. If the gap-up sustains, then we can expect a rally continuation with minor consolidation. On the other hand, if the gap-up doesn't sustain or if it sharply rejects around the immediate resistance level, then we can expect a correction, which may involve a minimum 23% to 38% Fibonacci correction. However, a proper reversal will only occur if it breaks the 38% level."
NSE:NIFTY
by Manickamtraders
NIFTY breakout prediction for today 29 Nov 23As we discussed yesterday, nifty broke the triangle range area and moved to the bullish zone. Now, it's likely that the momentum will continue to the upside till the next resistance level of 20000. Reasons: RSI break level 60 to upside now in bullish zone. (Bullish) Triangle breakout to upside target is hight of the trangle. (Bullish) Price > EMAs (Bullish) PCR = 1.16 (Bullish) 19800 has Huge PE writing, and on the upside, we checked the main CE writing on 20000. If it breaks this level, it might continue to have higher highs and higher Lows. Verdict: Strong Bullish Plan of action: Sell 19850 PE and buy 19900 CE
NSE:NIFTYLong
by finnova_
NIFTY Intraday Trade Setup For 29 Nov 2023NIFTY Intraday Trade Setup For 29 Nov 2023 Bullish-Above 19920 Invalid-Below 19870 T- 20025 20135 Bearish-Below 19860 Invalid-Above 19910 T- 19757 19655 NIFTY has closed on a bullish note with 0.48% gain today. Buy triggered when intraday was almost done, post 3 PM. Momentum was dead till 2 PM. Now there is a slight chance of change in momentum, but only on flat opening. In case of gap up/down opening momentum will be dead once again. Also reduce your position sizing in intraday directional trades. 19920 and 19860 are important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19920 then we will long for the target of 20025 and 20135. For selling we need a 15 Min candle close below 19860. T- 19757 and 19655. 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 NOV 28"Good morning, friends🌺! As of November 28th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bearish trend. It might open with a slight gap-up or a neutral start, considering the GiftNifty value at +5. Structurally, there is a distribution wave occurring. So, if the market experiences a pullback with grinding, we can expect rejection around the immediate resistance level. However, if the pullback forms a solid structure, we can consider that a bullish sign. On the other hand, if the market opens with a gap-down or experiences sharp initial declines, the range-bound market is likely to continue."🤝
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 28 Nov 2023NIFTY Intraday Trade Setup For 28 Nov 2023 Bullish-Above 19880 Invalid-Below 19830 T- 20010 20135 Bearish-Below 19760 Invalid-Above 19810 T- 19655 19540 NIFTY has closed almost on a flat note with 0.32% gain. It was just sideways and compressed the whole week. It has formed an inside candle in daily TF near previous major swing. So above 19880 we will give next round of up move towards a fresh ATH. Also sellers presence have been seen near 19880. A double force move can be seen on breakout. For a good down move 19700 is the level to watch for breakout. 19880 and 149760 are major levels for Tuesday. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19880 then we will long for the target of 20010 and 20135. For selling we need a 15 Min candle close below 19760. T- 19655 and 19540. 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 Analysis for 27 Nov 23Nifty has been consolidating in a triangle pattern, which is a continuation pattern. It will be sideways by the time it is inside the pattern; if it comes out of it, there is more chance that it will break upside. Once it breaks to the upside, make the entry; once it gives a little retracement, it can give a really nice bull target. Reasons: Ascending Triangle consolidation is about to break. (Bullish) Downside trendline support, 200 EMA support, and minor flat zone support. Multiple support points can provide nice support. (Bullish) PCR = 0.86 ( Mild Bullish) Max Pain = 19800 RSI 40-60, which is moslty sideways. for bullish let it go above 60, and for bearish let it go below 40. The upside is only a single resistance zone, which is highly volatile and has touched multiple times; if it breaks this time, there is a greater chance that it will continue the bullish momentum. Verdict: Chances are to get bullish-breakout. Plan of action: Keep a neutral position inside the triangle pattern. If it breaks, adjust the position according to it.
NSE:NIFTY
by finnova_
#Nifty directions and levels for NOV 24th"Good morning, friends! As of November 24th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, indicated by the Dow Jones. However, our local market shows a moderately bearish trend. It might open with a slight gap-up or a neutral start, considering the GiftNifty value at +10. Subsequently, if the market experiences a pullback, we shouldn't anticipate a significant move unless it breaks the immediate resistance. Simultaneously, if it faces rejection around the immediate resistance, the market will likely continue within a range. Conversely, if the gap-up isn't sustained or if it opens with a gap-down, we can anticipate a similar range-bound market sentiment. Correction may occur if the market breaches the yesterday's low."
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 24 Nov 2023NIFTY Intraday Trade Setup For 24 Nov 2023 Bullish-Above 19880 Invalid-Below 19830 T- 19969 20063 Bearish-Below 19780 Invalid-Above 19830 T- 19703 19614 NIFTY has closed once again on a flat note yesterday. Buy triggered above 19830 last day which did hit target EOD. It has formed a shooting star in daily chart, so high of the shooting star is very important for the next round of rally. Above 19880 index will start an bullish impulsive move. Below 19780 effect of the shooting star can be seen and a downside move can be triggered. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19880 then we will long for the target of 19969 and 20063. For selling we need a 15 Min candle close below 19780. T- 19703 and 19614. 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
23rd Nov ’23 Nifty Postmortem - On the Cusp of breakout 🐂🐂🐂Nifty Today Analysis Recap from yesterday: “I wish to continue my neutral stance till 19875 is not broken out above which I would go bullish. For a bearish stance, Nifty will have to take out the 19562 support.” 5mts chart link - click here The opening minutes gave the impression that 19875 would be broken for good, but that firepower did not last. By 10.00 Nifty made up its mind and started trading sideways. After that initial acceleration, we had a boring price action for the rest of the day. One good thing is that we did not retest the 19776 support level - which shows some indication that we are gearing up for an up-move. 1hr chart link - click here On 16th Nov we hit the 19875 levels and broke down, today we broke through that same SR level of 19776 before retesting the 19875. Yesterday’s 14.15 strong green candle read along with the opening price action of Today shows some signs that the bulls are trying to get their mojo back. If you have read my previous post-mortem reports, I have been staying neutral since the 17th and it looks like that is going to change tomorrow. As soon as 19875 is broken on the 1hr TF, I would prefer to go bullish. I will update you guys via the tradingview minds section if that happens tomorrow.
NSE:NIFTY
by viswaram
#Nifty directions and levels for NOV 23"Good morning, friends! As of November 23rd, there is no significant difference from the last session. The global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up or a neutral start, as the GiftNifty indicates a value of +10. After that, even if the market takes a pullback, we can't expect a big move that doesn't break the immediate resistance. At the same time, if it rejects around the immediate resistance, then it will turn into a range market. On the other hand, if the gap-up doesn't sustain or if it opens gap-down, we can expect the same range market sentiment, and correction will occur when the market breaks yesterday's low."
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 23 Nov 2023NIFTY Intraday Trade Setup For 23 Nov 2023 Bullish-Above 19830 Invalid-Below 19780 T- 19925 20030 Bearish-Below 19700 Invalid-Above 19750 T- 19614 19540 NIFTY has closed almost on a flat note with 0.14% slight gain. It has formed a bullish Pinbar candle in daily TF. So above today's high it can give good bullish move. Next stop looks near 19925 above 19825. 19700 will be a crucial level for short consideration. However if 19750 is broken then bears will start to take charge. Momentum looks dead till we close this month at a decisive point. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19830 then we will long for the target of 19925 and 20030. For selling we need a 15 Min candle close below 19700. T- 19614 and 19540. 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 NOV 22"Good morning, friends! As of November 22nd, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up or a neutral start, as the GiftNifty indicates a value of +10. If the market breaks the immediate resistance, we can expect a pullback continuation. On the other hand, if the gap-up doesn't sustain or if it opens gap-down, we can expect a correction, but it should break the Fibonacci level of 38%."
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 22 Nov 2023NIFTY Intraday Trade Setup For 22 Nov 2023 Bullish-Above 19830 Invalid-Below 19780 T- 19912 20030 Bearish-Below 19750 Invalid-Above 19800 T- 19649 19540 NIFTY has closed on with 0.4% gain today, all contributed through gap up. It opened at buy level 19760 and gave a small move till 19829. 10 o'clock range broke upside above 19791 and gave small move of 30 points. 19830 and 19750 are important levels for tomorrow's session. Looking at the daily candle below today's low there can be a good profit booking move or a gap filling. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19830 then we will long for the target of 19912 and 20030. For selling we need a 15 Min candle close below 19750. T- 19649 and 19540. 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
21st Nov ’23 - Nifty PostMortem 19776 is a strong SR zone 👈Nifty Analysis Recap from yesterday: “So I would like to continue with my neutral stance till then. For bullish momentum to resume, Nifty will have to take out 19776 and 19875 in one go, but for a bearish signal a single support break would suffice.” 5mts chart link - click here The open was right at the resistance level of 19776 and interestingly the day’s low was set in the opening 5mts itself. We kind of broke out from this support/resistance zone by 12.10 and hit an intraday day of 19829 by 12.25. Unfortunately, these extra gains did not get defended because Nifty50 closed right back at the SR level @ 19780. One thing is sure, Nifty was not at all looking weak today - it defended its ground pretty well. As we discussed yesterday, we cannot go bullish until 19875 is taken out in a single attempt, today that did not happen hence it is better to look for non-directional theta decay strategies till we get a strong clue. 1hr chart link - click here On the 1hr TF, we made an island formation today, the gap-up created that illusion. The orange support/resistance line is proving so vital now. One thing is for sure, we would need BankNifty to fire up and reverse course for any further bullish stunts by Nifty. There is no way Nifty can do it without the support from the Banks. I would prefer to maintain my neutral strategy till we take out the 19875 levels. On the downside, I would prefer to go short if 19562 is taken out.
NSE:NIFTY
by viswaram