Nifty Intraday Trade Setup | 4th MarSaturday was a special trading session, Nifty opened above 22400 and that morning high was the day high.
For tomorrow, buy Nifty if sustains above 22450 for the targets of 22490 and upper marked levels. On the other side, if Nifty breaks 22320 on the downside, we may see 22280 and below marked levels on the chart.
Expectations: Trending Day
Intraday Levels:
Buy Above - 22450
Sell Below - 22320
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Happy Trading!
InvestPro India
Niftyoptions
NIFTY prediction for tomorrow 4th MARAs we discussed NIFTY's bullish behavior in our last analysis, the Market (NIFTY) moved up 280 points.
If we look at the chart data:
The Market is trading at the resistance trendline zone. Also price >> EMA(200) (TF = 30 min) and EMA(13) >> EMA(200). This indicates that the Market needs some correction or consolidation at this point. Also, the Market is in an uptrend channel, which has formed a Higher High(HH). There is a possibility to form a higher low now.
If we look at OI Data:
PCR = 1.28, which shows the Market has bullish sentiments. There has been a huge PE writing at 22400. But if we look at the combined PCR = 0.99, it shows that the Market is likely to come down for some correction to form a Higher Low.
FII & DII data: FII is medium bearish because the Market is trading at the resistance trendline. Clients are bullish because the Market is trading at ATH.
I am expecting the Market to get some correction, at least till the level of 22200 (Fib 0.38 levels).
Reasons:
Price > EMAs show bullish sentiments. (Bullish)
Price >> EMA(200) and EMA(13) >> EMA(200) market might get some correction till 22200.
RSI ~ 75 needs some consolidation at this level. (sideways)
PCR = 1.28 shows bullish signal whereas combined week expiry shows PCR = 0.99 weekness in bulls for upcoming week. (sideways)
Price <= VWAP shows that the market price is balanced and can go either side. (Indecisive)
Verdict:
Sideways or Bullish
Plan of Action:
Case 1 : Iron condor in range 22300-22450.
Case 2 : Sell 22450 CE (Hedge is with 20 rs CE)
NIFTY prediction for tomorrow 1 Mar 24As we discussed with NIFTY yesterday, NIFTY took support at 21900. and then become bullish.
If we see the chart data now:
The market is trading just above the 200 EMA after taking good support at 21900. The last two candles have been very volatile, with huge volumes in them, which indicates that nifty is going to be in upcoming sessions. RSI is trading at the resistance line; if it breaks it to the upside, it is going to give a nice momentum.
If we look at the OI data:
PCR = 0.86, which indicates the market's bullish structure. Where 22000, 21900, and 21800 have huge bullish OI buildup. Which is going to provide a good support. 22100, 22200, and 22300 have very nice CE writing, which is going to provide a good resistance point, which is also supported by the chart Price action data.
I expect the market to be inside the highlight zone with two different scenarios marked on the chart.
Reasons:
Price > EMAs show the market is having bullish sentiment.
RSI is at the trendline and about to cross 60; if it crosses 60 to the upside, we can expect a good bullish momentum.
Price > VWAP shows that the market price is balanced with volume.
PCR = 0.86 shows the market is bullish.
The market is trading inside the falling wedge. If it breaks upside, we can expect a good bullish momentum, which is also supported by the OI data.
Verdict:
Bullish
Plan of Action:
Once take support --> Sell 22000 PE (hedge it with 20 rs PE)
NIFTY prediction for tomorrow 28 Feb 24Let's discuss the NIFTY Expiry prediction for tomorrow which gave a very nice fall today.
If we look at the chart now:
The market is trading at the support trendline. Also, the market is near 200 EMA, which might provide good support at this point. 21912 has also proven to be good price action support in the past.
If we look at the OI data:
PCR = 0.6, which shows the bearish market structure. Above the side, there is quite the resistance at 22,000, 22100, and 22200. and there is little support if the current level is broken to the downside.
If we look at the FII & DII data, it directly indicates a bearish market structure where pros have heavily shorted options.
Now, there are two cases at this point.
Case 1 : The market can take support at this support line. And move to the bull side.
Case 2 : If the market is broken to the downside. It can give the target till 21587.
Reasons:
Price-taking support at 200 EMA, which might lead it back to bullish momentum after some consolidation.
Price < EMA(13) means bulls are not having much strength.
RSI < 40 shows weak bulls strength.
OI data PCR = 0.60 shows heavy bearish.
FII and DII data show heavy bearishness.
Verdict : Bearish
Plan of Action:
Case 1: Takes support at 200 EMA --> Sell 22000 PE (Hedge it with 20 rs PE)
Case 2: If the market is broken to the downside. --> Sell 21900 CE (Hedge it with 20 rs CE)
Nifty analysis for 28th feb 2024Nifty is travelling inside a channel. the possible support and resistance is marked in the chart.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets. Do your own analysis or consult your financial advisor before making any investment decision.
Nifty50 Support And Resistance 28-Feb-24Please find below simple resistance and support:
Resistance: 22219
If crossed up then will see upward move as follows:
T1: 22266
T2: 22301
Support: 22134
If crossed down then will see downward move as follows:
T1: 22129
T2: 22094
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
#Nifty directions and levels for FEB 27thGood morning, friends! Here are the directions for February 27th: The global market is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +25 point.
Nifty has undergone consolidation in the last session. The structure is still bullish, so if the gap-up sustains, then today we can also expect a range market. If it breaks the previous high, then only it will go further; otherwise, it will close near where it opened.
Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the Fibonacci level 78% (21966). After that, if it finds support there, then we can expect a minor pullback. However, if it also breaks that level, then the correction will likely continue
Nifty50 Support And Resistance 27-Feb-24Please find below simple resistance and support:
Resistance: 22166
If crossed up then will see upward move as follows:
T1: 22178
T2: 22207
Support: 22084
If crossed down then will see downward move as follows:
T1: 22065
T2: 22037
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
23 Feb ’24 — Indices take a pause - yet again. Only to jump up?Nifty Analysis - Stance Bullish ⬆️
Recap from yesterday: “As soon as the 22051 resistance gave away, we had to change our stance from neutral to bullish. We would now like to see how higher the markets can go, we are assuming the momentum may not take us to 22700 for the monthly expiry.”
4mts chart
All 3 indices - Nifty50, BankNifty, and NiftyIT- were stuck in a tight range today, something that we usually see after a fast & furious move. The experts usually call it a flag pattern where a slight downward day occurs after a steaming UP day. Technically a pause also made sense - markets may be recalibrating between the short covering yesterday and a possible long build-up for next week. As long as the global macros remain positive, Nifty should remain charged up and ready to roll.
The indices staying flat would have ensured the straddlers would have made some money today, BN was quite shaky though - most likely it would have ended up hitting both stop losses. Nifty was far more stable today.
The flag pattern is quite prominent on the higher timeframe. We are not suggesting that all “roads lead to Rome theory” i.e. everything is bullish, but the probability of things going up seems higher than cutting through the supports of 22051 & 21913. You know us, the moment the supports are broken, we will exit the bullish position at a loss and go neutral. Till then we are going to keep looking upwards.
63mts chart
Nifty50 Support And Resistance 23-Feb-24Please find below simple resistance and support:
Resistance: 22266
If crossed up then will see upward move as follows:
T1: 22347
T2: 22412
Support: 22133
If crossed down then will see downward move as follows:
T1: 22087
T2: 22022
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NIFTY prediction for tomorrow 21 Feb 24As we have discussed, the nifty Bullish structure today has successfully broken and retraced to the upside.
Now, if we look at the chart data:
The market has given a successful breakout to the upside. The market is trading at ATH. The market has already retraced the breakout and has proven the bull's strength. Now, the market is ready to go up.
If we look at the OI data:
PCR = 1.22 shows that the market is bullish right now. Also, we do not have much resistance to the upside. If the rally starts, it will directly go to the 1st Fib level (1.414) at 22416. 22500 is the next good CE writing point, which is also supported by the Fib 1.414 level.
I expect the market to go up to the 22416 level for now.
Reasons:
Price> EMAs shows sthe market is having bullish sentiments.
RSI > 60 shows the market is in a bullish region.
Price> VWAP shows the market is bullish and has a balanced Price with volume.
OI data PCR = 1.22 shows the market is in bull's control right now. Also, 22500 will be providing the next resistance in the market.
Verdict:
Bullish
Plan of action:
Sell 22200 PE (hedge it with 20 rs premium)
#Nifty directions and levels for FEB 20Good morning, friends! Here are the directions for February 20th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment also shows a moderately bullish trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty, showing a -30 point decrease.
Nifty has reached a new all-time high, so we can expect further pullback only if it breaks the previous high. If it does, we can fix our target at the next extension levels. However, today, Giftnifty indicates a negative open. If the market opens with a gap-down, we can expect the 38% level to be a strong support. If it rejects there, we can anticipate a range market or a rally continuation.
Alternatively, if it consolidates or breaks the fib level of 38%, then the correction might continue.
Nifty analysis for 19th feb 2024For tomorrow, buy Nifty if sustains above 22150, it may go upside. On the other side, if Nifty goes below 21950 on the downside, we may see 21700 and below marked levels on the chart.
Disclaimer: All information provided here is for educational purposes and not a recommendation. Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision.
NIFTY prediction for tomorrow 16th FEB 24As we discussed NIFTY for today, it ended sideways.
Now, if we look at the chart data:
The market has already given a breakout as it expired today. It ended sideways to the upside while facing resistance at 21950. The market will be sideways in the range of 21800-21950.
EMA has given bullish-crossover EMA(50,200). Which shows the market is in a good bullish phase.
If we look at the OI data:
Pcr = 0.96 shows a bullish signal. Also, 21900 has very good PE writing, which shows it's going to provide good support. On the upper side, there is good resistance CE writing at 21900, 21950, and 22000. that will provide nice resistance.
FII & DII have yet to be released.- I will update you in the comments.
The market should be sideways in the range of 21800-21950. if it breaks 21950 to the upside, I can expect a good bullish momentum till 22110, as has been marked in the chart.
Reasons:
Price > EMA(13,50,200) which shows nice bulls power.
EMA golden crossover EMA(50,200) shows bullish trend.
RSI ~ 60 but sideways with bullish divergence, which shows the market can move to the upside.
OI data Pcr = 0.96 shows bulllish market sentiments.
Price ~ VWAP, which shows market price and volume both are balanced. The market has a good range to go upside down.
Verdict:
Sideways in the range 21800-21950.
Bullish if it breaks 21950 to the upside.
Plan of Action:
Iron condor in range(21800-21950)
if it breaks to the upside, add a bullish position and exit a short position.
Nifty Intraday Trade Setup | 16th FebToday Nifty opened with a gap up at 21923 which was the morning high and we saw sudden full just after open towards 21795 which we played through 22000 PE and booked good profit.
For tomorrow, buy Nifty if sustains above 21960 for the targets of 22000 and upper marked levels. On the other side, if Nifty breaks 21800 on the downside, we may see 21760 and below marked levels on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21960
Sell Below - 21800
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty50 Support And Resistance 16-Feb-24Please find below simple resistance and support:
Resistance: 21965
If crossed up then will see upward move as follows:
T1: 22037
T2: 22100
Support: 21885
If crossed down then will see downward move as follows:
T1: 21783
T2: 21720
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Nifty Expiry prediction for today 15 Feb 24I have been busy for the last two days. If you have been following my analysis, we marked a resistance and support line, which got a breakout yesterday, and after that, it gave a very nice bullish momentum.
Now, if we look at the chart:
The market is trading at the resistance zone right now after yesterday's good bullish momentum. Price has broken 200 EMA. Also, an emacrossover has happened, which shows the market is not in a bullish phase.
if we look at the OI data:
PcR = 1.20, which shows the market is very bullish, as its expiration of 22,000 shows severe resistance. All the levels below, including 21800, have good pe writing that shows bullish sentiment of the market.
FII and DII show bearish on Options, which might lead to some sideways days because, in the future, FII is bullish.
I expect the market to consolidate a little bit here in the orange marked region. Also, its expiry tends to end sideways. If it breaks the upside, it will not be a very healthy breakout right now.
Reasons:
Price > EMAs, which shows the market is strong.
EMA bullish crossover shows good market strength.
RSI > 60 shows good strength in the bulls.
OI data Pcr = 1.20 shows the bullish sign.
Price> VWAP, which shows the market is having strength.
The market is trading at a resistance zone. As it has been tested multiple times, there is a probability it might break. Because of expiry, I am not expecting much of the moment today.
Verdict:
Sideways in the orange zone.
If breaks to the upside can go bullish (low chances)
Plan of action:
Case 1: Range selling in the orange zone.
Case 2: go bullish if it breaks 21900 to the upside.
Nifty50 Support And Resistance 13-Feb-24Nifty50 Support And Resistance 13-Feb-24
Please find below simple resistance and support:
Resistance: 21717
If crossed up then will see upward move as follows:
T1: 21744
T2: 21808
Support: 21582
If crossed down then will see downward move as follows:
T1: 21487
T2: 21423
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Nifty50 Support And Resistance 12-Feb-24Please find below simple resistance and support:
Resistance: 21818
If crossed up then will see upward move as follows:
T1: 21849
T2: 21915
Support: 21685
If crossed down then will see downward move as follows:
T1: 21586
T2: 21520
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Nifty Prediction for tomorrow 9 Feb 24As we have discussed, Nifty has had a bearish structure for the past 2-3 sessions. Nifty was moving in a symmetrical triangle pattern, which is a neutral pattern. Today, it has broken down to the downside, the same as we have been discussing.
Now, if we look at the chart:
The market has successfully broken to the downside and has retraced 200 EMA, and a sharp fall came after that. The Market had good pullback from level 21670 provided price action support in the last 30 min with a very good volume surge. The upper side of 200 EMA will provide a nice resistance level.
if we look at OI data:
PCR = 0.69 shows a market bearish structure. MaxPain = 21700 has a very nice PE Writing, which will be acting as a good support zone; also confirmed by the Price Action level. Lower side 21500 also has nice PE writing, which indicates the next strong level of support.
If bears are able to break 21700 to the downside, I am expecting the market to fall till 21500.
Reasons:
Price < EMAs. which indicates a bearish market structure. (Bearish)
Breakdown of the symmetrical triangle pattern to the downside confirms the market's bearish structure. (Bearish)
200 EMA is working as a good resistance point. Also, rejected price with incremental volume. (Bearish)
OI data PcR = 0.69 is mild Bearish.
RSI ~ 40 shows weak bull power. (Bearish)
EMA(13, 200), bearish crossover. (Bearish)
Verdict:
Bearish
Plan of action:
Sell 21700 CE if 21700 is broken to the downside. (hedge it with 20 rs CE)