NIFTY Intraday Trade Setup For 7 Aug 2024NIFTY Intraday Trade Setup For 7 Aug 2024
Bullish- Above 24400
Invalid-Below 24350
T- 24736
Bearish-Below 23890
Invalid-Above 23940
T- 23515
NIFTY has closed once again on a bearish note with 0.26% cut today. It tested buy/resistance level and got rejected from there, decent sell of from 24380 was seen. Index has closed exactly at 50 EMA in daily TF. Below 23890 index will be fully gripped by bears. And overall sell on rise approach to be maintained. Major weekly level to be approached can be 22800. But for this we need more validation of a bearish price structure in daily TF.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24400 then we will long for the target of 24736.
For selling we need a 15 Min candle close below 23890. T- 23515.
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.
Niftylevel
#NIFTY Intraday Support and Resistance Levels -10/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22000 level and then possible upside rally up to 22120 level in today's session. in case nifty trades below 21940 level then the downside target can go up to the 21820 level.
NIFTY ANALYSIS FOR 30TH NOVEMBER 2023 FOR EDUCATIONAL PURPOSE ONNIFTY ANALYSIS FOR 30TH NOVEMBER 2023 FOR EDUCATIONAL PURPOSE ONLY
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
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Simple Trade Setup | NIFTY | 05-09-2023 [INTRADAY]NSE:NIFTY
Trade Setup for 05-09-2023
Most of all the levels and zones remains same as per previous.
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.
Morning Mantra - 2nd June 2023Dear All,
Just as we had been expecting, about Nifty taking a pull back towards the level of its previous gap up opening. Similarly, it can be observed that Nifty has finally reached around the particular level of 18480.
Now with the stop loss of 18400 on immediate basis and 18200 for the mid-term, we are still bullish on Nifty, for the Target of New high.
Moreover, with this expected pull back, it is altogether a good time for Cherry Picking and Portfolio Rebalancing.
Besides, on the basis of weekly chart of Nifty, we have to be very cautious against the Market volatility, Today. As it will somehow be better to be patient and wait for today’s closing. Where if Nifty gives a stable closing of above 18400, then we can expect a bounce back from this level, in the upcoming week. Otherwise, we have to become ready with the new strategy.
Regards,
Alok Daiya
SEBI Registered Research Analyst
Simple Trade Setup | NIFTY | 09-05-2023 [INTRADAY]NSE:NIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for 09-05-2023
Most of all the levels and zones remains same as per previous.
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.
Morning Mantra, 23rd December 2022So, finally yesterday we had witnessed a breakdown from the 18170 level, which altogether is somehow indicating a near term bearish mode in the Market. Wherein we can also see the level of 17800 in the upcoming days.
Besides, we had been consistently stating about Nifty's crucial levels of 18400-18170-17800. When the Index broke the level of 18400, it did take an immediate support at around 18170. But unfortunately once again, the fear factor of COVID has somehow pulled down the Market towards 18127, which is below 18170.
Also, considering the technical parameters, we had kept stating about portfolio rebalancing from time to time, since 1st of December itself, and likewise the results are very much apparent now.
So, as of now 17800 is the support level and we are still with our expectation that the 10-15 days of December will be very crucial for the Market. Therefore, this is the time to wait and watch the Market with patience, to be stock specific and continue rebalancing your portfolio.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing :- 18127.35 (-71.75)
Regards,
Alok Daiya
Simple Trade Setup | NIFTY | 07-10-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1D TF we can see for recent down trend it has covered almost 50% of that move as per FIB retracement.
Please refer below chart : 1D time frame.
-------------------------------------
Trade Setup for 07-10-2022
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-04/07/2022-LevelsHello Traders,
+++++++++++
#Nifty-04/07/2022-Levels
-------------------------------------
If Market Opens as a-
GAP-UP: Support of PDH (BUY) – Rejection of R@1 (SELL)
FLAT: Support of PDH (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PDO-> Previous Day Open
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
#Nifty-28/06/2022-LevelsHello Traders,
+++++++++++
#Nifty-28/06/2022-Levels
-------------------------------------
If Market Opens as a-
GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL)
FLAT: Support of IMP (BUY) – Rejection of PDL (SELL)
GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PDO-> Previous Day Open
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Intraday Trade Setup | NIFTY | 27-06-2022 | DIFFERENT SCENARIOS NSE:NIFTY
Observations:
1) On weekly time frame, we can see that Nifty has bounced from 100EMA.
Please refer below chart : 1 week time frame.
Trade Setup for 24-06-2022
Since, as of now SGX Nifty is showing Gap up then we can plan below scenarios.
Scenario -1:
Nifty open above 15850 and goes down and takes support from 15775 range and bounce from there, at that time one can take quick buy trade from 15775 aiming for max target at 15850 and then once it gives sustainable breakout of 15850 then take another buy trade and aim for 15960 , 16010 , 16084 and bonus level 16150-166 range.
Please refer below chart : 15min time frame.
Scenario -2:
Nifty open above 15850 and goes down and faces resistance from 15815 range and/or 15775 then at that time one can take quick sell trade aiming for max target at 15680 range. And once it makes price action above this 15680 zone and bounce then enter in to buy trade with targets of 15775. 15815 , 15850 , 15920 and above all bonus levels.
Please refer below chart : 15min time frame.
Scenario -3:
This is with bearish sentiment.
Nifty open above 15850 and goes down and faces resistance from 15815 range and/or 15775 then at that time one can take quick sell trade aiming for max target at 15680 range. And even after that it make price action but below this 15680 zone and face resistance to go up then enter in to sell trade again with strict SL and targets of 15620-25 range, 15858 , 15540 and 15500
Please refer below chart : 15min time frame.
Scenario -4:
This will be a bit considering both bullish and bearish sentiment.
Nifty open above 15850 and goes down and takes support from 15775 range and bounce from there, at that time one can take quick buy trade from 15775 aiming for max target at 15850 and then once it gives sustainable breakout of 15850 then take another buy trade and aim for 15960 , 16010 , 16084 and bonus level 16150-166 range. And now if it face resistance from 16010 or 15960 any of above level then take counter sell trade with strict SL and aim for all below levels.
You can refer all the levels now on below chart for your easy reference and as an intraday trader you can just play between these levels with the help of price action to take trades on both the sides.
Please refer below chart : 15min time frame.
-------------------------------------
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-07/06/2022-LevelsHello Traders,
+++++++++++
#Nifty-07/06/2022-Levels
--------------------------------
If Market Opens as a-
GAP-UP: Support of PDH (BUY) – Rejection of PDH (SELL)
FLAT: Support of PDH (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of S@1 (BUY) – Rejection of S@1 (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PDO-> Previous Day Open
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Simple Trade Setup | NIFTY | 18-05-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 18-05-2022
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 | 29-04-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 15min time, we can see triangle pattern.
Please refer below chart : 15min time frame.
-------------------------------------
Trade Setup for 29-04-2022
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 23 Mar 2022NIFTY Intraday Trade Setup For 23 Mar 2022
Buy-Above 17360
Sl-17310
T-17490 17580
Sell-Below 17230
Sl-17280
T-17130 17070
NIFTY has made a bullish engulfing candle. Entire fall of yesterday is regained. We planned to short below 17090. Our 1st target was hit. It gave 70+ points profit. Then a double bottom was formed near 17000. Bulls took charge after neckline of 17085 was taken out. Index shot till 17330 and closed at day high.
Index has made a range of 17000 in lower side and 17360 in the upper side. We will simply trade on the range breakout/breakdown. As it has closed near the upper zone. So, we will buy above 17360 if a 5 Min candle close above 17360. Target Will be near 17500. However it may give move till 17700 and 17800 in the coming day.
No aggressive selling till 17000 is safe. However we will plan for a sell trade below 17230 if a 15 Min candle closes below this. Target will be 17130 and 17070. Below 17000 we will get a good downside move.
In case of a big gap up/down. Wait till 10 o'clock and trade that range breakout/down.
NIFTY Intraday Trade Setup For 10 Mar 2022NIFTY Intraday Trade Setup For 10 Mar 2022
Buy-Above 16420
Sl-16370
T- 16500 16570
Sell-Below 16320
Sl-16370
T-16260 16200
NIFTY gave another follow up after the daily Doji candle. We planned to buy above 16030. Index made a perfect long confirmation candle in 15 Min and it just moved till 16418 non stop. All buy targets were achieved. This was a short covering move ahead of expiry and 5 state election results.
Coming to tomorrow's trade setup, we will buy above today's high of 16420. If we get a 15 candle close above 16400 then above 16420 we will build our long for the target of 16500 and 16570-16600. Ideal trade will be on flat opening.
For selling if we get a 15 candle close below 16330 then below 16320 or in safer side below 16300 we will sell for the target of 16260 16160.
In case of any big gap up/down , we will use 10 o'clock range and trade that range breakout/breakdown. Ideal trades will be done on flat opening.
NIFTY Intraday Trade Setup For 9 Mar 2022NIFTY Intraday Trade Setup For 9 Mar 2022
Buy-Above 16030
Sl-15980
T-16130 16250
Sell-Below 15940
Sl-16000
T-15890 15815
NIFTY showed some profit booking today, profit booking by short sellers. On Monday it made a hammer like candle. We planned short below last Monday low, it gave a small profit of 50 points. then Double Bottom was formed and index gave a good move above 15770 till 16000. All updates were shared.
Coming to tomorrow's trade setup, index has closed on a bullish note. If opens flat and crosses Tuesday's high the we will build our long for the target of 16130 and 16250.
For selling one scalp trade can be done below 16940 for the target of 15820. Below 15800 index may give a move till 16700.
in case of a big gap up/down use 10 o'clock range to build trade setup. Live intraday trade setup will be used in that case.
NIFTY Intraday Trade Setup For 23 Feb 2022NIFTY Intraday Trade Setup For 23 Feb 2022
Buy-Above 17150
Sl-17100
T-17205 17290
Sell-Below 17040
Sl-17090
T-16975 16900
NIFTY opened with a very big gap down today. Took Support from important support zone in the hourly TF. Bulls tried getting in from the support zone of 16800 levels.
Coming to tomorrow's trade setup, We will simply buy above 17150 if a 5 min candle closes above that. Target will be 17290 or the trendline being followed in the hourly TF.
We will sell below 17040 if a 15Min candle closes below 17078. Target will be 16970-16950.
Directional move will come below 16800. If index dives below 16800 then that will the breakdown of a symmetrical triangle. This will be a very smooth and direction trade.
If opens with big gap up/down then wait till 10 o'clock and then trade that range breakout/breakdown.
16800 and 17500 are the key levels for directional move. Between this we will se zig-zag moves.
NIFTY Intraday Trade Setup For 07 Feb 2022NIFTY Intraday Trade Setup For 07 Feb 2022
Buy-Above 17580
Sl-17540
T-17670 17745
Sell-Below 17460
Sl-17500
T-17375 17310
NIFTY has just consolidated on Friday's trading session. NIFTY was stronger than BANKNIFTY. Seeing 15 Min candles , we can clearly see buying activity happening. There are lower wick rejection candles being formed at 17500 level. Bulls are trying to hold at this level.
But we can not buy at any price. We need a perfect entry with confirmation to initiate our buy trade. There is trendline being followed in 15 Min TF. That will the first trigger. Then we need a candle close above 15570. 1st target will be of 100 points.
Incase index breaks the support zone and closes below 17480 in 15 Min TF. Then we will sell below 17460 for the target of 17395 and 17310.
Let market decide where it will head. We have triggers with us. Ideal trade will be on flat opening. Incase of a big gap up or gap down we will wait till 10 o' clock and then trade that range. Also the 15 Min candle will be important. Weather it will be lower wick rejection candle in case of gap down.
Nifty-17/01/2022-ReportHello Traders,
NIFTY@17/01/2022
------------------------
Opened as a Gap-Up, above our IMP-Zone. Market was broken PDH and went to Resistance-Zone and reversed and closed below.
Please do share your thoughts in comment section.
Please hit a LIKE , it motivates me to do analysis and do share with your trading friends.
Nifty-11/01/2022Hello Traders,
NIFTY@11/01/2022
------------------------
If Market Opened as a-
GAP-UP : Support of Resistance (BUY) – Rejection of PDH (SELL)
FLAT : Support of IMP (BUY) – Rejection of IMP (SELL)
GAP-DOWN : Support of IMP (BUY) – Rejection of PDL (SELL)
-------------------------------------
Happy Learning and Trading.
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not Buy and Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis.
Please do share your thoughts in comment section.
Please hit a like , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH -> Previous Day High
PDL -> Previous Day Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
SH -> Swing-High
GAP -> The Area b/w Previous Day Close and Today Open
Nifty-Today MarketHello Traders,
NIFTY@10/01/2022
------------------------
Opens as a Gap-Up, above PDH. Market was took the Support at PDH then went to above R@1 and reversed. Again market was took the support at PDH then went to R@2.
Please do share your thoughts in comment section.
Please hit a LIKE , it motivates me to do analysis and do share with your trading friends.