How can we trade NIFTY for coming week? Have a look at this.Nifty has formed a Descending Channel and given a good breakout. People usually have Buy setup after breakout but in this scenario we have a LH on 4hrs Time frame that needs to be broken for any Bullish bias. Nifty is still bearish. For upcoming days , our plan of action would be PATIENCE.
We would like to wait for a good MSS and retracement and then we will plan for any Buy setup. Waiting would be a good option because we are approaching weekend.
If not then, we do have a Bearish setup where we can target the downside Higher time frame liquidity.
Trade safe and responsibly. This is for educational purpose only.
Niftyoption
Nifty Intraday Levels | 29-JULY-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ 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 📌
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👍LIKE if useful !
✍️COMMENT Below your view !
Nifty Intraday Levels | 12-JULY-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ 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 !
Nifty Futures Intraday Levels | 28-JUNE-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ 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 !
Nifty Futures Intraday Levels | 25-JUNE-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ 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 !
Nifty Futures Intraday Levels | 21 -JUNE-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ 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 !
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 !
Nifty Institutional levels | Intraday 7-JUNE-2024 | 9:15 IST#Optionbuyers
#Niftyoptionscalping
1) Zones you always Like:-
Green zone- institutional support
Red zone - institutional resistance
Gap between institutional zones is always of 100 points
Zone making is helped by pivot points and Fibonacci
Advance version of price action
2) Trade Execution:-
Trade based on order flow data
Timeframe - 1 min
Risk Reward Ratio always 1:2
Strike price always ATM & slightly ITM
Position sizing
3) 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 Content , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if think is useful !
✍️COMMENT Below your view !
Today was the Dream day for Bulls on NIfty Expiry DayNifty index hit the New All TIme HIghs & reaching it near to imp level of 23000
After sustining above prev day's high, the index kept the strong positive momentum throughout the sesion
The level of 22800/700 may act as an immediate support level
whereas nearest hurdle is placed around 23050 zone
A L ong bullish candle is formed on Daily TF
Market may show volatility during the last phase of elections
However in case of strong Bearish Pattern at higher levels,
the index may come back to prev Range
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Nifty for 16/05/2024Nifty is in uptrend channel from last few sessions, now Nifty is taking support of the channel and forming symmetrical triangle pattern too, Nifty was moving in range of 22233-22164 in last session, if tommorow Nifty breaks this range either upside or downside, then we can expect big move. Here are some levels for your information.
I am not SEBI registered analyst, this is my personal view only for educational purpose, I am not responsible for any profit or loss.
Nifty Levels and Zone for 4th Week April 2024NSE:NIFTY
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 zones.
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 22800 PE 18th April ContractAlways remember option is a zero sum game, so please follow strict stoploss, never trade option buying without Stop loss, or hedge position.
22800 PE 10th April ContractPlease follow levels , Step by step , we uses RSI 65, It clears most of the noises.
22500 CE 10th April ContractPlease follow levels , Step by step , we uses RSI 65, It clears most of the noises.
Nifty weekly analysis for 29/01/24.Nifty is looking strong on the weekly charts and the recovery on the last trading session is looking positive too.
It has closed around 38.2% fib level. If the market gap up there are chance of a W pattern above 21480, it can test 21550 levels.
Wait for a hourly candle close above or below the levels. As good intraday targets can be achieved in the trade.
Resistance levels :- 21480, 21550, 21700
If there is a gap down below 21230 level, it can trade upto the previous day low.
Bearish target/ support levels :- 21230, 21020-21000, 21860
The market will be volatile this week as there is a budget on wednesday. Option premium are high and there is much movement in the premiums.
SL should be trailed for capturing the move.
Wait for the price action near the levels before entering the market.
24 Jan ’24 — The Trap Laid by the Bears is Bust Open - Nifty50Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “We broke the 21491 support by 12.24. Just look at the strength of the candles today — 5 RED candles followed by a Doji. Our stance changed from neutral to bearish as soon as the support was breached.”
4mts chart
The open was perfect - a good gap-down followed by selling pressure, but the 2nd candle gave it away. By 09.19 - the gap was officially closed and Nifty was steaming with upside momentum. A part of me believed that the rise-up was part of the lower-high creation and that the shape of the bear attack was still intact. My conviction was cemented between 10.35 to 12.39 wherein we dropped 195+ points. What happened next was simply dramatic. Nifty rose 266pts ~ 1.25% between 12.39 to close. In total, it swung 347pts from LOD to HOD, of which 76% came after 12.39.
63mts chart
The issue for the bears from the 63mts chart is the W formation (double bottom). To prove they are still in the game, the Bears must create a big fall and ensure an M pattern supersedes the W. Due to the momentum the bulls got today, we are changing the stance from bearish to neutral. The first target would be to take out the 214991 resistance and nullify the 5 RED candles formed on 23rd. If we were to move downwards, the swing low of 21372 has to be taken out tomorrow itself. Hope we have a volatile monthly expiry tomorrow.
#Nifty direction and levels for DEC 5th"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20.
Regarding yesterday's structure, despite a significant increase during the last session, the RSI displayed divergence. This signals a slightly negative aspect for the bullish bias. Therefore, if it opens with a gap-down, we might anticipate a 23 to 38% fib correction. If it finds support around that level, the market could shift into a ranging phase before resuming the rally. Structurally, there isn't a major correction anticipated, but sometimes, there might be a time correction.
Conversely, if the initial market stages a sharp pullback and breaches the immediate resistance, then we can expect the rally to continue."
4th Dec ’23 - 418pts breakout on election results - Nifty50Nifty Analysis
Recap from yesterday: “I would like to see this as a breakout with a new higher high in the cards. For this to happen, BankNifty has to reclaim its ATH”
5mts chart link - click here
For those long on Friday, it would have been a dream come true. 347pts gap-up open followed by a steady and healthy rally. We ended up gaining 418pts ~ 2.07% today. When was the last time you saw a 2% move upwards?
It was not purely a technical move (breakout) that led to these gains, it was news flow-related. BJP won 3 state elections i.e. Rajasthan, Madhya Pradesh & Chattisgarh giving a strong signal that the Lok Sabha elections for 2024 are almost in their pocket.
The rally had nothing to do with BJP per se, markets always love stability. So irrespective of the party, whichever faction is at the centre - if they keep winning the elections, markets will go euphoric. The purchase volumes from the institutions is a clear proof.
1hr chart link - click here
Nifty has made an island today and is in uncharted territory. If the momentum persists, we can see unusual outperformances. If there is negative news or weakening global macros - we can see a fall too. Since we have broken out from an ATH, the chances of momentum continuation are higher. I would continue to hold on to my long stance. The first reversal point is at 20300 levels which is quite deep even for a stop-loss trigger.
Nifty intraday levels for 29/11/23.Nifty major levels.
Support :- 19830, 19730, 19670
Resistance :- 20010, 20135, 20200
The index has closed above the resistance level of 19850.
There are high chance of market going bullish as the major resistance has been breached.
Wait for the price action near the levels before entering the market.