Get started

Niftyintradaytradesetup

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
Nifty Live Intraday Updates for 21-11-2023Nifty important levels to watch are as follows #Support: 19750 Sell below: 19750 only on 15 minute candle closure below the level. Target 1: 19720 Target 2: 19680 #Resistance: 19800 Buy Above: 19800 only on 15 minute candle closure Above the level. Target 1: 19830 Target 2: 19880 => # 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. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # 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 directions and levels for NOV 21"Good morning, friends! As of November 21st, 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 +60. There is no significant difference compared to the last session. Structurally, we can expect a range-bound market, either if it undergoes a pullback or if the gap-up doesn't sustain. In my personal opinion, we should wait for confirmation at the immediate support or resistance levels before expecting the next move."
NSE:NIFTY
by Manickamtraders
NIFTY prediction for 21st Nov NIFTY is neutral for now as it is roaming in the range of 19600-19800. 19800 is showing lots of OI, which will be acting as resistance. On the downside, 19600 will be acting as a support zone. If the 19800 level breaks, then after retesting, you can easily go long Unless you keep a neutral trade of rangebound 19600-19800. Reasons: 19617 is a Good price action support. 50 EMA also will be providing a nice support. If that level breaks, the next strong support point will be 19500. 200 EMA downside at 19500 will be acting a strong support, also backed by price action support. RSI Bullish Divergence and value is 40-60, usually sideways. PCR = 0.73 (Neutral) with MAX PAIN = 19700. Verdict: Neutral Sideways unless it breaks to the upside. Plan of action: IRON Condor for 19600-19800.
NSE:NIFTY
by finnova_
NIFTY Intraday Trade Setup 21 Nov 2023NIFTY Intraday Trade Setup 21 Nov 2023 Buy-Above 19760 Invalid-Below 19710 T- 19910 20050 Bearish-Below 19660 Invalid-Above 19710 T- 19540 19390 NIFTY has closed on a slight bearish note with 0.19% cut today. It has formed an inside candle in daily TF which is sign of compression. Nothing triggered as per trade setup today. Tomorrow above 19760 we will initiate bullish trade however we will get alert above 19720 only. Below 19660 we can get a trendy downside move which will be the leg towards 19390 in some 2 days. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19760 then we will long for the target of 19910 and 20050. For selling we need a 15 Min candle close below 19660. T- 19540 and 19393. 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 20-11-2023 !Nifty important levels to watch are as follows #Support: 19700 Sell below: 19700 only on 15 minute candle closure below the level. Target 1: 19650 Target 2: 19610 #Resistance: 19750 Buy Above: 19750 only on 15 minute candle closure Above the level. Target 1: 19800 Target 2: 19860 => # 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. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # 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 directions and levels for NOV 20"Good morning, friends! As of November 20, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderate bearish trend. It may open with a neutral start because the GiftNifty indicates a value of +7. Structurally, we can expect a range market either if it takes a pullback or breaks the previous day's low. In my personal opinion, we should wait for confirmation at the immediate support or resistance levels before expecting the next move."
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 20 Nov 2023NIFTY Intraday Trade Setup For 20 Nov 2023 Bullish-Above 19810 Invalid-Below 19760 T- 19930 20050 Bearish-Below 19660 Invalid-Above 19710 T- 19540 19393 NIFTY has closed with a slight bullish note last week with nearly 1% gain. Hourly and 15 Min price structure is still bullish. 19660 is the last swing low in 15 Min TF. Below this there can change of price structure and a chance of reversal. For a fresh directional move this month candle closing is important to watch directional scenario as the monthly candle's are still sideways. In case of a bold bullish candle we may initiate the next leg of rally. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19810 then we will long for the target of 19930 and 20050. For selling we need a 15 min candle close below 19660. T- 19540 and 19390. 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 16-11-23 !!Nifty important levels to watch are as follows #Support: 19610 Sell below: 19610 only on 15 minute candle closure below the level. Target 1: 19560 Target 2: 19485 #Resistance: 19680 Buy Above: 19680 only on 15 minute candle closure Above the level. Target 1: 19745 Target 2: 19820 => # 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. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # 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
17tht Nov ’23 Nifty PostMortem - An interim top formation?Nifty Analysis Recap from yesterday: “On the 1hr chart, we closed slightly below 19776, the 14.15 hourly candle is well-lit like a beacon. I am still continuing my bullish stance in the hopes that 19776 will get taken out during the forenoon session tomorrow. If not, I will be changing my stance to neutral” chart link: click here Nifty opened gap down and then closed that gap in the first candle itself. It continued to go up till 10.00 wherein the resistance of 19776 was briefly crossed on the 5mts TF. Unfortunately, these gains did not last that long and we started falling in a narrow range for the rest of the day. Nifty has to be given some credit today, BankNifty was falling like a house of cards but Nifty held its ground quite well. As we discussed yesterday, I had to change my stance from bullish to neutral since the resistance of 19776 was not taken out. Chart link: click here On the 1hr TF, it kind of looks like Nifty has made an interim top at these levels. Primarily because this leg of the run was due to NiftyIT and not BankNifty. And now BankNifty is battling the news about Capital Adequacy Ratio and there could be some more selling due to that. At present, I wish to change my stance to neutral and wait for further clues. If we start dropping on Monday, I would prefer to go bearish with the first target of 19562 and then 19446.
NSE:NIFTY
by viswaram