Simple Trade Setup | NIFTY | 29-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1 day time frame, it opened above 100 EMA (exponential) and sustain above it.
100EMA will be immediate support now.
100EMA is placed at 17143.85 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 29-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Niftyintralevels
Simple Trade Setup | NIFTY | 28-12-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On 15 min time frame, today it closed above the resistance trendline.
Please refer below chart : 15min Time Frame.
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Still trade setup and levels will be same as per previous.
Trade Setup for Date: 28-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 27-12-2021[INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, it face resistance from the 100DEMA and also close below yesterday's low.
But provisional closing is just above 17000 psychological level.
Now the clear trend will be on Monday. But overall OI data has formed a bit negative.
100EMA is placed at 17143.17, which will be major resistance now.
Immediate support is at 16940 and major support is at 16900 level.
Please refer below chart : 1day Time Frame
2) On 15min time frame, we can see temporary resistance and support trendline.
Breakout on either side will give in the that direction.
Please refer below chart : 15min Time Frame
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Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 24-12-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame,it face resistance from the 100DEMA (exponential moving average) and still trading below 100DSMA (simple moving average).
And it made doji candle today. Breakout on either high or low of this candle will give trend on that side.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 24-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 23-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame, it is between 100DMA and 200DMA.
100DMA is placed at 17347.25
200DMA is placed at 16274.39
Immediate support is at 16800 level.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, we can see that it is now above the temporary trendline.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 22-12-2021 [ INTRADAY ]NSE:NIFTY
Trade Setup for Date: 22-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 21-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame, it is now near to the 200DMA.
200DMA is placed at 16252.22 level and 100DMA is placed at 17324.55 level.
200DMA will work as major support.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame,we can plot the immediate support 16358-16400 and major support is at 16200 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 21-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 20-12-2021 [ INTRADAY ] NSE:NIFTY
Observations:
1) On 1day time frame, it gave closing below 100DMA with strong bearish candle.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 20-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 17-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 15min time frame, we can see it open above the resistance trendline and at the time of closing it closed just above it. Now this trendline will work as support if it trades above it.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 17-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 15-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame,it managed to sustain above 10DMA. But, it is still below 21DMA.
If it gives sustainable breakout of 21DMA then we can see an upmove.
21DMA is placed at 17416.77 and 10DMA is palced at 17304.52.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that it has made double bottom pattern in range of 17240-17260.
Immediate breakout level is 17360.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 15-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 14-12-2021 [ INTRADAY ]NSE:NIFTY
Observations:
1) On 1day time frame,it today it close below 21DMA.
21DMA is placed at 17453.81
Immdiate support is at 17355 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 14-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 13-12-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On 1hr time frame, we can see that it has formed double bottom pattern.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date: 13-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 10-12-2021 [ INTRADAY]NSE:NIFTY
Most of all the levels remains same as per previous trade setup.
Trade Setup for Date: 10-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 09-12-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame,Today, it trade above 10DMA.
But still trading below 21DMA.
10DMA is support now and 21DMA will be immdiate resistance now.
10DMA is placed at 17192.38. Hence we can say that 17190-17200 is major support now.
21DMA is placed at 17527.08 level. Hence we can say that 17520-17530 is resistance.
Please refer below chart : 1 day Time Frame.
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Today it couldn't give much move above our ultimate level of 17460 as per our previous tradesetup but it was able to close above it.
17460 is immediate support now.
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Trade Setup for Date: 09-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NIFTY Intraday Trade Setup For 03 Dec 20212NIFTY Intraday Trade Setup For 03 Dec 20212
Buy-Above 17420
Sl-17390
T-17500 17533 17600
Sell-Below 17270
Sl- 17300
T-17200 17160
As discussed yesterday above yesterday's high the rally will continue and that is what has happened today.
We will again buy above today's high for the target of 17550. 17600. is an important resistance which is likely to be tested soon.
Nifty has broken an important resistance 17330-17350, which will act as an support from now.
Consider shorting below 17270 for the target of 17000.
Simple Trade Setup | NIFTY | 23-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On 1day time frame, it is made very bearish candle.
Next moving average which will work as major support is 100DMA.
100DMA is placed at 17035.54.
Immdiate support range is 17355 - 17400 level range.
And major support range is at 17182-17200 level range.
We can also see head and shoulder pattern.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 23-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 18-11-2021 [ INTRADAY] NSE:NIFTY
Observations:
1) On 1day time frame, it closed just above 50DMA.
50DMA is placed at 17842.59.
If it goes down till 50DMA and takes support from it then we can see a bounce from it.
If it fails to hold above 50DMA then it will be bearish.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, we can see that it is at the bottom of the parallel channel.
Please refer below chart : 1 hr Time Frame.
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Trade Setup for Date: 18-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 16-11-2021 [ INTRADAY]NSE:NIFTY
After such a flat closing our trade setup and levels are still the same as per previous setup.
Observations:
1) On daily time frame, it sustain and took support from 21DMA which is placed at 18081.33 level.
Also it is trading above the support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 16-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 15-11-2021 [ INTRADAY] NSE:NIFTY
Observations:
1) On daily time frame, it finally closed above 21DMA. Which is a positive sign. But for up move it has to sustain above it.
21DMA is placed at 18083.82 level.
Please refer below chart : 1 day Time Frame.
2) Also on Daily time frame, it opened above support line and closed above the support line with good bullish candle.
This trendline will still work as major support trendline.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 11-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, it couldn't cross 21DMA and remained below it. But stayed above 10DMA.
It is still between 10DMA and 21 DMA.
Good thing is, it managed to close above 18000 level.
21DMA is placed at 18081.99
10DMA is placed at 17943.44
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it is still trading above major support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 11-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 09-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that it just closed above 21DMA which is placed at 18064.09 level.
Please refer below chart : 1 day Time Frame.
2) Also on daily time frame, it managed to close above the support trendline.
Which is a good sign as far as it is above this trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 09-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 08-11-2021 [ INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that it again back and closed on the support trendline.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 08-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | NIFTY | 02-11-2021 [INTRADAY]NSE:NIFTY
Observations:
1) On daily time frame, we can see that 50 DMA range is working as support and before touching it, it gave good upmove movement. Now it is in between 21DMA and 50DMA.
50DMA will work as support. 50DMA is placed at 17592.53
21DMA will work as immediate resistance. 21DMA is placed at 18015.91 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see that it gave breakout of the trendline and closed above it.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 02-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.