NIFTY Intraday Trade Setup For 23 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 23 Oct 2023
Bullish-Above 19570
Invalid-Below 19520
T-19681 19812
Bearish-Below 19510
Invalid-Above 19560
T- 19418 19330
NIFTY has closed on a bearish note last with 1%cut last week. It has once again came to 19500 zone after a bounce last week. 19500 is very important for a trendy downside move. But it will be best if the breakout happens with flat opening. This has to be observed in hourly and daily TF. On successful breakout it will head towards 18970. 19510 and 19570 are important levels for tomorrow's session. Last hourly swing high is 19685 so above which there is a chance of bullish reversal. 19300-30 is a string intraday support
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19570 then we will long for the target of 19680 and 19812.
For selling we need a 15 Min candle close below 19510. T- 19418 and 19330.
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.
Niftyintradaytradesetup
Nifty Intraday Prediction Levels for 20 Oct 2023Nifty Intraday Prediction Levels for 20 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19662,19700,19750,19795,19842,19890,19940,..…
Major Supports-19570,19535,19500,19458,19425,19390,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
#Nifty directions and levels for #october20"Good morning, friends! As of October 20th, there is no significant difference between the last session, and the global market sentiment is negative, as indicated by the Dow Jones. However, our market is bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue. Today also the GiftNifty indicates a long gap-down, so if there are any changes in the market's direction, I will inform you in the mid-market session."
NIfty prediction analysis today (20-OCT)NIfty seems bearish as we can see nifty has been in the range as shown on the chart.
Nifty will be facing a good resistance at the level 19665 and also EMA 200 will be providing resistance on uppar side. It seems bearish for this week
Reason:
Price < EMAs(13,200)
RSI is 40, declining shows weaknees of bulls.
up side multiple resistance such as EMA 200, VWAP, priceaction resistance, etc.
PCR = 0.89 (bullish) because people have shorted 19500 heavily.
Verdict:
Data shows the bearish signals or Sideways.
Plan of action:
observe 15 min candle and then once market is settled go for Selling options. option buying may not be good in such market.
FASP levels for Nifty 20/10/2023The FASP for Nifty is listed for 20-10-2023. 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 Intraday Trade Setup For 20 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 20 Oct 2023
Bullish-Above 19685
Invalid-Below 19635
T- 19813 19910
Bearish-Below 19550
Invalid-Above 19600
T- 19435 19330
NIFTY has closed with small cut of 0.24% today. It opened with a big gap down today and as per trade setup 10 o'clock range was to be used. Range broke upside above 19595 and filled the gap . Last swing low was 19555, so around 40 points risk. But the main problem was the breakout candle which was too big when closed which did not fit in RR. Tomorrow 19685 is very important for bulls to take charge to influence the weekly closing. Below 19550 bears will once again start their wild action.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19685 then we will long for the target of 19813 and 19910 above 19825.
For selling we need a 15 Min candle close below 19550. T- 19435 and 19330.
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.
Nifty directions and levels for #October19"Good morning, friends! As of October 19th, the global market sentiment is negative, as indicated by the Dow Jones. However, our market is moderately bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue.
NIFTY Intraday Trade Setup For 19 Oct 2023NIFTY Intraday Trade Setup For 19 Oct 2023
Bullish-Above 19730
Invalid-Below 19680
T- 19830 19940
Bearish-Below 19650
Invalid-Above 19700
T- 19555 19435
NIFTY has closed on a complete bearish note with 0.71% cut today. It opened flat and sell triggered below 19770 as per trade setup. Trade hit our 1st target very smoothly and gave more than 100 points gain till 19660. Tomorrow if index opens flat or with a very slight cut then it will be another big red candle just below today's low. In case it opens with a gap up then probability of a trendy move downside is less. Best opening trade will be in short side below 19659 on a flat opening.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19730 then we will long for the target of 19830 and 19940 above 19850.
For selling we need a 15 Min candle close below 19650. T- 19555 and 19435.
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.
Nifty Intraday Prediction Levels for 18 Oct 2023Nifty Intraday Prediction Levels for 18 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19845,19865,19900,19940,19960,19885,20050,20075,..…
Major Supports-19785,19760,19730,19690,19640,19600,19580,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Nifty Intraday Trade Setup | 18th OctGift Nifty indicating a flat to minor gap-down opening, and we expect to see weakness if Nifty sustains below 19770. Nifty is facing resistance again n again in 19800 - 19840 zone. Let it sustain above 19850 to buy.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19850
Sell Below - 19770
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
NIFTY Intraday Trade Setup For 18 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 18 Oct 2023
Bullish-Above 19850
Invalid-Below 19800
T- 19945 20030
Bearish-Below 19770
Invalid-Above 19820
T- 19680 19595
NIFTY has closed with 0.40% gain today, all contributed by gap up. Yesterday it was discussed that probability to sideways in the coming days is high so has happened today. It opened with a big gap up and turned sideways , for 4 hours it traded between less than 40 points range. Later 10 o'clock range broke downside below 19809 and gave 30 points move with 20 points sl. Tomorrow it can give a very good up move above today's high 19850 and this is the high probability trade.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19850 then we will long for the target of 19950 and 20030.
For selling we need a 15 min candle close below 19770. T- 19680 and 19595.
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.
Nifty direction and levels for #October18th"Good morning, friends! As of October 18th, the global market sentiment is neutral to slightly negative, as indicated by the Dow Jones. However, our market is still within a range. It may open neutrally. If it breaks the previous day's low, the 50% Fibonacci level will act as strong support. If the market finds support there, we can expect the range market to continue its rally. However, if it breaks or consolidates, the correction will likely continue. On the other hand, if the market breaks the previous day's high, we can set our target at the next resistance level."
#October17th directions and levels for Nifty"Good morning, friends! As of October 17th, the global market sentiment is positive, as indicated by the Dow Jones. However, our market trend is in a ranging market. It may open with a gap-up, which indicates a ranging market structure. Therefore, if the market rejects the immediate resistance or if the gap-up doesn't sustain, we can expect a range market continuation. We can expect a pullback continuation only if it breaks the immediate resistance."
Nifty Intraday Trade Setup | 17th OctGift Nifty indicating a gap-up opening, and we expect to see more strength if Nifty sustains above 19805 towards 19850 and upper levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19805
Sell Below - 19690
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty Intraday Prediction Levels for 16 Oct 2023Nifty Intraday Prediction Levels for 16 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19795,19840,19890,19950,…
Major Supports-19690,19640,19600,19580,19540,19480,19450,19425,19390,19360,19340,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
NIFTY Intraday Trade Setup For 17 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 17 Oct 2023
Bullish-Above 19810
Invalid-Below 19760
T- 19915 20030
Bearish-Below 19690
Invalid-Above 19740
T- 19605 19515
NIFTY has closed almost on a flat note with a minor cut of 0.1% today. It opened flat and triggered sell which hit sl. Momentum was sideways throught the day. It has formed an inside candle in daily TF at a random place so its a sign of sideways. It looks that sideways momentum is likely to continue for few sessions. Tomorrow 19810 and 19690 are key levels to look for breakout. Be very strict with trailing in this sideways market.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19810 then we will long for the target of 19915 and 20030.
For selling we need a 15 min candle close below 19690. T- 19605 and 19515.
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.
Nifty Trade Setup for 16-10-2023Nifty important levels to watch are as follows
#Support: 19733
Sell below:19733 only on 15 minute candle closure below the level.
Target 1: 19680
Target 2: 19615
#Resistance: 19800
Buy Above: 19800 only on 15 minute candle closure Above the level.
Target 1: 19850
Target 2: 19915
=> # 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 swing based support and resistance indicator 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 | 16th OctGift Nifty indicating a slightly negative to flat opening, and we expect to see an up-move if Nifty sustains above 19810 and more strength can be seen above 19850.
On the other side, if Nifty breaks 19680, more weakness is expected.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19810
Sell Below - 19680
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
NIFTY Intraday Trade Setup For 16 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 16 Oct 2023
Bullish-Above 19810
Invalid-Below 19760
T- 19910 20030
Bearish-Below 19725
Invalid-Above 19775
T- 19635 19530
NIFTY has closed on a slight bullish note with 0.5% gain last week. 19850 is the hourly resistance, breakout will initiate another long leg of rally while we picked it from 19500 last week with 0.5% retracement. Important hourly levels to be watched for breakout are 19850 in the upside and 19630 in the downside. 19420 and 20030 are important support and resistance. High probability trade looks in the upside on Friday's closing basis.
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 19910 and 20030.
For selling we need a 15 Min candle close below 19725. T- 19635 and 19530.
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.
Nifty Intraday Prediction Levels for 13 Oct 2023Nifty Intraday Prediction Levels for 13 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19825,19855,19900,19940,19965,20040,…
Major Supports- 19730,19690,19650,19600,19580,19540,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Nifty Expiry Trade Setup for 12-10-2023Nifty important levels to watch are as follows
#Support: 19780
Sell below: 19780 only on 15 minute candle closure below the level.
Target 1: 19720
Target 2: 19640
#Resistance: 19840
Buy Above: 19840 only on 15 minute candle closure Above the level.
Target 1: 19880
Target 2: 19940
=> # 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 swing based support and resistance indicator 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.
#October13 directions and levels for Nifty"Good morning, friends! As of October 13th, global market sentiment is negative, as indicated by the Dow Jones. However, our market trend is moderately bullish. It may open with a significant gap down. After that, if it is rejected around the immediate support zone, we can expect a ranging market. On the other hand, if it breaks the immediate support zone, then the correction is likely to continue. If there are any changes, I will inform you during the mid-market update."
Nifty Intraday Prediction Levels for 12 Oct 2023Nifty Intraday Prediction Levels for 12 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19820,19835,19842,19660,…
Major Supports- 19792,19767,19745,19700,..
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.