Nifty Live Intraday Updates for 15-11-23 !Nifty important levels to watch are as follows
#Support: 19580
Sell below: 19580 only on 15 minute candle closure below the level.
Target 1: 19540
Target 2: 19460
#Resistance: 19655
Buy Above: 19655 only on 15 minute candle closure Above the level.
Target 1: 19700
Target 2: 19770
=> # 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.
Niftyintradaytradesetup
Nifty Long term Analysis || Nifty has taken support at 200-D EMAGood Morning traders and Investor.
Hello Guy's i have come through my analysis that, if Nifty hold this recent lows (18837) then there is higher probability, we can see nifty towards all time high in coming months. Why i am telling all this, because Nifty has taken exactly support at 200 Day EMA, this is a positive indication that, nifty will fly from here, i mean there is some hurdles in between but overall nifty will cross all hurdle and will go towards all time high. If nifty able to reclaim 19250 above levels successfully then huge one sided momentum can be seen on chart.
November Month option data also suggesting 19000 Levels is going to act strong support zone for nifty in November Month, as highest OI data has seen on 19000 Put is (5430750), and PCR showing (2.08), it's a clear view that, a higher upside momentum is expected in coming next month.
So guy's our strategy should be in market to buy on dips, if you observe in yesterday session, First nifty had opened flat and then it has made low at 18940 and then it has given a huge rally from bottom and made day's high at 19158 and then we have seen closing at 19140. So this is a clear indication that any dip in market is going to become a huge opportunity to accumulate more in downlevels.
Important Levels for Nifty in coming months:-
Accumulate in between 19200-19050,
keep stop loss at 18745
Targets will be 19524/19856/20216.
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
NIFTY Prediction for 15 Nov 23As we have been discussing NIFTY is in the Channel and it has faced resistance upside and now at the moddle of the channel. if it comes to downside it will be continuing it move to downside till the lower support of the channel.
Reasons:
4H-tf Trendline as resistance upside.
trading at middle of. channel, might take support from here.
if breaks to downside possible support are EMA 200 and channel lower support.
RSI is in the range of 40-60 mostly sideways.
Last hour heavy volume Selling, shows quite the intrest in bearish side.
PCR = 0.82 (Neutral)
Price >> VWAP (Bearish sign) can't stay far for long time.
Verdict:
If Breaks middle of the channel then Bearish. else play neutral.
Plan of action:
SELL 19450 CE and hold it.
NIFTY Intraday Trade Setup For 15 Nov 2023NIFTY Intraday Trade Setup For 15 Nov 2023
Bullish-Above 19465
Invalid-Below 19415
T- 19550 19635
Bearish-Below 19410
Invalid-Above 19460
T- 19309 19210
NIFTY has closed on a bearish note with 0.42% cut in the last session. In the weekend we discussed that index has given a good up move on 19250 breakout and has approached 19550 which is a resistance zone. Probability of a fall or a pullback from 19550 was discussed. Monday we saw the scenario into action. Now below 19410 bearish move will continue till the trendline support in hourly TF. If it sustains above 19465 then we will plan bullish trade in intraday.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19465 then we will long for the target of 19550 and 19435.
For selling we need a 15 min candle close below 19410. T- 19309 and 19210.
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 Trade Setup | 13rd NovGift Nifty indicating a flat to minor gap-down opening. Nifty has to sustain above 19550 for more upside towards 19590 & 19620. On the other side, we may selling in Nifty if sustains below 19500 towards 19460 and lower levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19550
Sell Below - 19500
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
NIFTY Intraday Trade Setup For 13 Nov 2023NIFTY Intraday Trade Setup For 13 Nov 2023
Bullish-Above 19550
Invalid-Below 19500
T- 19635 19745
Bearish-Below 19510
Invalid-Above 19560
T- 19412 19309
NIFTY has closed on a bullish note last week with some 1% gain. Last week when we discussed about bullish reversal on 19250 breakout. After this hourly breakout it has given good momentum (19250-19547) in anticipated direction. Now it is at a resistance zone 19550, probability to give a pullback or to get stuck is high. 19550 and 19510 are important levels for Monday's session based on Muhurat Trading price action.
Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19550 then we will long for the target of 19635 and 19745.
For selling we need a 15 min candle close below 19510. T- 19412 and 19309.
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 11-11-2023Nifty important levels to watch are as follows
#Support: 19330
Sell below: 19330 only on 15 minute candle closure below the level.
Target 1: 19300
Target 2: 19270
Target 3: 19250
#Resistance: 19365
Buy Above: 19365 only on 15 minute candle closure Above the level.
Target 1: 19390
Target 2: 19420
=> # 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.
9th Nov ’23 - Nifty PostMortem - The opening candle surprises...Nifty Weekly Analysis
Between the last expiry and today, Nifty has risen 260pts ~ 1.36% and has crossed 2 important resistance levels. The bullish momentum has stalled a little bit from 6th of Nov. If further trades happen toward the downside, then the current level will act as a lower high.
Nifty Today Analysis
Recap from yesterday: “In line with yesterday’s research, I have changed my stance from bullish to neutral. To go long not only Nifty has to break through the 19446 barrier but trade above 19561 levels. Whereas to go short, a break below 19310 would be enough.”
The opening 5mts candle surprises again, it tells me there is some seller who wishes to push the market down very seriously but not getting enough participants. So the first candle is in deep RED and then we recover that dip till noon.
Nifty was unable to break through the 19446 resistance twice today - which shows the lack of momentum for the bulls. Even though I changed my stance to neutral, it did not help me win money in today’s expiry. Primarily because the options premiums were too low that I did not feel selling too close to the money. Secondly, the bearish move came very late in the day that it did not really help my long PUT position. I took long PUT to counterbalance the long CALL when we were bullish. Against the long PUT, I shorted OTM PUTS to offset the premium paid. Net result - no win, no loss.
On the 1hr TF, it seems like we are making an interim top as multiple attempts to break through @ 19446 have failed. For tomorrow, I wish to maintain my neutral stance but wish to go short if 19310 gets broken. Somehow I feel the chances of a fall have a higher probability than a rise. If we are breaking 19446 tomorrow, then I would like to wait till 19562 gets broken to change my stance to bullish.
Nifty Live Intraday Updates for 09-11-2023Nifty important levels to watch are as follows
#Support: 19395
Sell below: 19395 only on 15 minute candle closure below the level.
Target 1: 19350
Target 2: 19300-19280
#Resistance: 19460
Buy Above: 19460 only on 15 minute candle closure Above the level.
Target 1: 19510
Target 2: 19580
=> # 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.
Nifty Intraday Trade Setup | 9th NovGift Nifty indicating a flat to minor gap-up opening. Nifty has to sustain above 19460 to give more upside towards 19490 - 19500. On the other side, Nifty looks weak below 19400 for down move.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19460
Sell Below - 19400
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty Intraday Anlysis || Expiry Special Hero Zero TradeGood Morning Everyone,
Nifty closed its rangebound session on a positive note and formed a Dogi kind of candlestick pattern on the daily charts for yet another session on the yesterday session. Nifty is trading in higher highs higher lows for the fifth consecutive session. Bulls are still holding the game. If nifty is giving strong closing 19450 above then next hurdle we can face 19550-19600 levels. I think above 19550, everyone should book profits for short term. on downside 19300 is going to act strong support zone, if that breaks disaster can happen. Well we are going to act according to Chart and data.
Important Levels for Nifty:-
Intraday support zone 19400
Intraday Resistant zone 19500
Important Support Zone 19300
Important Resistant Zone 19600
Buy above 19456, if levels sustains at least for 30 Mints.
Targets we can see in upside 19533/19581
Keep stop loss at 19381
Sale below 19383, if levels sustains at least for 30 Mints.
Targets we can see in downside 19334/19275
Keep stop loss at 19456
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
NIFTY Intraday Trade Setup For 09 Nov 2023NIFTY Intraday Trade Setup For 09 Nov 2023
Bullish-Above 19470
Invalid-Below 19420
T- 19550 19645
Bearish-Below 19400
Invalid-Below 19450
T- 19310 19210
NIFTY has closed on a slight bullish note with 0.19% gain today. Fun fact is that whole gain is contributed by the small gap up. It was a zoned market. Buy triggered as per trade setup above 19430 and cinched a bit till 19550 and closed near cost EOD. There can be good momentum in intraday in which there can good length moves due to expiry. 19470 and 19400 are important levels for tomorrow's session to look for a breakout.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19470 then we will long for the target of 19550 and 19645.
For selling we need a 15 Min candle close below 19400. T- 19310 and 19210.
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.
8th Nov ’23 - Nifty hits the resistance, Going Neutral nowNifty Analysis
Recap from yesterday: “For tomorrow, I wish to change my stance to neutral if 19446 is not getting broken in the opening 2 hours. I would love to go bearish if 19310 support is broken”
The encircled areas on the chart represent the period when 19446 resistance was in play. The open was right at that zone, then we spent 09.55 to 10.25 around those levels. We took a minor dip, but nothing impressive to retest the 19310 levels.
Then we picked up some momentum and went past the 19446 resistance by 13.10 only to be pulled back by 14.15. Then we hovered around those levels again in the last 30mts only to close marginally below.
There are 2 ways to look at things now.
Either the retracement from 26th Oct has stalled and a lower high is getting formed, wherein further moves will be downside
Nifty is just taking a pause to catch its breath and further propel upside.
Unfortunately, I am unable to comment with confidence on the direction right away.
In line with yesterday’s research, I have changed my stance from bullish to neutral. To go long not only Nifty has to break through the 19446 barrier but trade above 19561 levels. Whereas to go short, a break below 19310 would be enough.
Nifty Intraday Trade Setup | 7th NovGift Nifty indicating a flat to minor gap-down opening. Nifty has to sustain above 19430 to gain strength which can take Nifty towards 19460 and upper levels. On the other side, Nifty looks weak below 19310 for fresh selling.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19430
Sell Below - 19310
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty Intraday Trade Setup | 8th NovGift Nifty indicating a gap-up opening. Nifty looks stronger above 19420 and momentum take take Nifty towards 19460 and upper levels. On the other side, Nifty looks weak below 19370 for further down move.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19420
Sell Below - 19370
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!