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NIFTY Intraday Trade Setup For 19 Jun 2024NIFTY Intraday Trade Setup For 19 Jun 2024 Bullish-Above 23600 Invalid-Below 23550 T- 23770 Bearish-Below 23490 Invalid-Above 23540 T- 23265 NIFTY has closed on a good positive note with 0.39% gain. After many days index broke 23500 and held that. But I said that I am expecting a good upside move with good momentum, it settled at higher price but momentum did not come. Overall it was a zoned market. It has formed a Pinbar candle in daily TF so be alert of its low for bear entry. 23600 and 23490 will be tomorrow's range to look for breakout. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23600 then we will long for the target of 23770. For selling we need a 15 Min candle close below 23490. T- 23265. 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 prediction for tomorrow 19 JUN 24As we discussed, NIFTY traded in a sideways-bullish zone on the upside with huge volatility in the short range. If we look at the chart now: The market is trading indecisive in a bullish zone. That may lead to a short correction in the market. The market is not going to be bearish unless EMA(13, 50) successfully crossovers. Right now, the market is very volatile. Trade it with proper risk management. Support levels: 23526, 23474(EMA(50)), and 23379 resistance levels: 23622, 23600 If we look at the OI data: PCR = 1.19, which has decreased from 1.42, shows a bullish sign in the market. 23500 is max-pain. The market does not have much resistance to the upside till 24000. However, as bulls are not able to push the market to the upside, it might lead to a short correction. Also, a significant fall in PCR shows weakness in bulls. There have been lots of calls unwinding, which shows that bears also do not have strength, which might lead the market sideways. I am expecting the market to touch an upper trendline and then a correction. Reason: RSI 70, having flat momentum, shows a sideways structure. Price > EMA(13, 50, 200), which indicates a bullish market structure. PCR = 1.19 has decreased from 1.42 and shows signs of weakness in the bull's strength. Price > VWAP shows a Bullish market structure. Verdict: Indecisive Plan of action: Case 1 : Range Bound: Sell 23600 CE & 23500 PE (Hedge it with 10/- premium options) Case 2 : Exit opposite position on either side it breaks.
NSE:NIFTY
by finnova_
1
Nifty levels - Jun 19, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
#Nifty Directions and levels for June 18th.Good morning, friends! 🌺🍬 Here are the directions for June 18th: There are still no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 110 points (at 8:00 AM). Nifty and Bank Nifty have structures of consolidation. Even though they are in consolidation, the wave counts are different. Nifty is moving in the 5th diagonal, and Bank Nifty is moving in the 4th correction. We have already discussed this. Let's discuss today's direction. If the Nifty sustains the gap-up start, then we can expect a minimum of 23606 to 23668. It's a higher degree supply zone, but it’s not a big deal today. If the market reaches there, it will likely take consolidation there, meaning the market may maintain the bullish sentiment in the upcoming session as well. On the other hand, if it rejects sharply around the supply zone, we could wait for the reversal confirmation, as usual, EMA20 or minor swing 38% Fibonacci level breakout. If it breaks, we can expect the next correctional target, a minimum of the 78% Fibonacci level. If it doesn’t break the 38%, then minor consolidation may continue. The alternate view is if the gap-up doesn’t sustain or if it rejects around the level of 23556, then the diagonal may continue further within the channel. If you want clear levels, then use the same reversal confirmation parameters.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 18 Jun 2024NIFTY Intraday Trade Setup For 18 Jun 2024 Bullish-Above 23500 Invalid-Below 23450 T- 23725 Bearish-Below 23330 Invalid-Above 23380 T- 23120 NIFTY has closed on a slight positive note with 0.45% gain last week. It was totally sideways as whole week's range was less than 300 points. It has formed a Pinbar candle in daily TF on Friday which indicates a bullish start of the week on Tuesday most probably. Friday's low will be an important swing low in terms of bearish reversal on Tuesday. Between 23500 and 23330 we will maintain a non-directional approach. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23500 then we will long for the target of 23725. For selling we need a 15 Min candle close below 23330. T- 23125. 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 prediction for tomorrow ( Monday ) 17 JunAs we discussed in the morning, NIFTY traded in a sideways-bullish zone. If we look at the chart now: The market is trading in a Bullish sideways uptrending channel. The market is continuously taking support at 50 EMA. Until Marklet is inside the channel, it's going to be sideways. The market is in the middle of the channel, which might also act as good resistance. But if it breaks 23472 to the upside, it might go till 23600. However, if it breaks the channel and 50 EMA to the downside, there is a high probability that it's going to touch 200 EMA with a sharp fall. Support levels: 23338, 23199, and 23174 resistance levels: 23472, 23600 If we look at the OI data: PCR = 1.42, which has increased from 1.17, shows a bullish sign in the market. 23400 is max-pain. 23500 has significant CE writing at higher levels. On the other hand, 23300 and 23000 have heavy PE writing. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1 : Sideways in the up-trending channel Case 2 : Bearish if it breaks the channel to the downside. Reason: RSI 40-60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullish market structure. PCR = 1.42 has risen from 1.12 and shows signs of bullishness. Price > VWAP shows a Bullish market structure. Verdict: Indecisive Case 1 : Sideways in the up-trending channel Case 2 : Bearish if it breaks the channel to the downside. Plan of action: Case 1 : Sideways: Sell 23450 PE & 23450 CE (Hedge it with 10/- premium options) Case 2 : Exit opposite position on either side it breaks.
NSE:NIFTY
by finnova_
Nifty Institutional levels | Intraday 14-JUNE-2024 | 9:15 IST1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
Nifty levels - Jun 18, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
NIFTY Mathematical LevelsThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:NIFTY
by YASHSINCE1995
NIFTY prediction for today 14 JunAs we discussed yesterday, Nifty spent on an up-trending channel and ended sideways. If we look at the chart now: The market is in the channel right now. If it breaks down to the downside, it will give a nice bearish momentum. Support levels: 23303, 23233, and 23152 resistance levels: 23439, 23481 I am expecting the market: Case 1: Sideways in channel. Case 2: Bearish if it breaks the channel to the downside. Reason: RSI 46-60 shows a sideways structure. Price ~ EMA(13) but greater than EMA(200), which indicates the market can correct itself till 200 EMA. EMA Bearish crossover of EMA(13, 50). PCR = 1.17 which shows a bullish sign in the market. Price ~ VWAP shows an indecisive market structure. Verdict: Sideways in channel. Bearish if it breaks the channel to the downside. Plan of action: Case 1 : Sideways: Sell 23350 PE & 23400 CE (Hedge it with 20/- premium options) Case 2 : Exit 23350 PE if it breaks to the downside.
NSE:NIFTY
by finnova_
#Nifty directions and levels for June 14th.Good morning, friends! 🌺🍬 Here are the directions for June 14th: There are still no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a neutral start, as indicated by GiftNifty, which shows an increase of 6 points (at 8.00 AM). Both Nifty and Bank Nifty still have the same range-bound sentiment, but the wave structures are a little bit different from each other. The range market has many different patterns in the wave theory, so today we can see the sentiment separately. Nifty has closed the range-bound structure, even though it opened with a long gap-up in the previous session. As per the wave structure, the 5-wave structures are completed in the diagonal pattern, indicating a correction. In this case, if the market declines initially, we can expect a minimum of 78% retracement in the minor swing. This is the basic structure. However, there is another variation: if the market finds support around the immediate support level (61%), then the range market will likely continue. The alternate variation also suggests a range market. Even if the initial market takes a pullback, structurally it won't be sustained. If we want to describe it, it could be a diagonal extension. We can expect the maximum pullback level of 23,516. Again, what I'm expecting here is that it won't be sustained, but if it breaks that level solidly, then we can try a breakout entry with a target of 23,572 to 23,606.
NSE:NIFTY
by Manickamtraders
13 June 2024  -  Nifty and Banknifty New ATHs almost everydayNifty Stance Bullish ⬆️ Nifty continued to make new highs every other day this week, overall it has been a steady week with very few wild swings. Just compare the swing range of the previous week vs this, and you will understand what I am talking about. The new high is 23481 hit at the open today and then we fell almost 126pts ~ 0.54% , the beauty is that we did not go red today, even when BankNifty was toggling between red and green. During this expiry, we managed to gain 550pts ~ 2.41%. Not only did we manage to recover from the 8.74% intraday fall on election counting day, but we also managed to close 3.77% above 31st May levels and that really sends a strong message to all investors. The stance continues to be bullish, but it seems like Nifty is waiting for the fundamentals to catch up. At present, there are no major risks or challenges at the local level. All eyes are on global macros.
NSE:NIFTYLong
by viswaram
NIFTY VOLATILITY IS CONTRACTINGAs a Swing trade i am in a bullish bias right now. Because RSI is trading above > 50 levels. NIDTY is in a very Narrow range . Candle sizes are small. More red candles in A Row. This move suggest that there is a Chance to Enter NIFTY into the Bearish Territory. Will buyers Hold or sellers win the Game. There is a High probability the Range could be broken on upside because the Higher timeframe RSI in The Bullish territory. Wait & Watch . Do not plan for Directional till the move is Confirmed with the Strong Buyers presence. HAPPY TRADING
NSE:NIFTY
by Princetechnicals
Nifty Institutional levels | Intraday 13-JUNE-2024 | 9:15 IST#Optionbuyers #Niftyoptionscalping Zones you always Like:- Green zone- institutional support Red zone - institutional resistance Gap between institutional zones is always of 100 points Zone is created with the help of pivot points and Fibonacci Advance version of price action Trades based on Nifty future chart Trade Execution:- Trade confirmation on order flow data Timeframe - 1 min and 5 min Risk Reward Ratio always 1:2 Strike price always ATM & slightly ITM Maintain position sizing according to your own method House Rules in trading:- Sharp at 9:15 AM Priority to risk management Fast execution (morning breakfast) Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
Nifty levels - Jun 14, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe