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Nifty Trade Setup for 25-09-2023Nifty important levels to watch are as follows #Support: 19660 Sell below: 19660 only on 15 minute candle closure below the level. Target 1: 19590 Target 2: 19495 - 19500 #Resistance: 19720 Buy Above: 19720 only on 15 minute candle closure Above the level. Target 1: 19780 Target 2: 19850 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. #Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section. #If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
#NIFTY ANALYSIS POSITIONALHi Peeps, Sharing my positional analysis on Nifty. 20,222 is short term top & marks end of 5 wave up. We have now entered in correction mode & quite near to completion of A leg & henceforth , nifty will look to take support in the range 19,600 - 19,588. We, will look short term bounce in B ( typically 61.8% -50% of A) ; will update once A ends in thread. Late shorts be careful. One can look to short around 19900-20000 range (will update once A ends). All above analysis remains invalid above 20,222 (SL for shorts).
NSE:NIFTYLong
by AVINASH_ISB
Nifty Trade Setup for 22-09-2023Nifty important levels to watch are as follows #Support: 19720 Sell below: 19720 only on 15 minute candle closure below the level. Target 1: 19660 Target 2: 19590 #Resistance: 19760 Buy Above: 19760 only on 15 minute candle closure Above the level. Target 1: 19820 Target 2: 19890 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section. #If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
21 Sep ’23 Post Mortem on Nifty - 19589 has to be taken out 22ndNifty Weekly Analysis Nifty has fallen 354pts ~ 1.76% between the last expiry and today. Interestingly the price action on 15th and 18th stands out as an isolated island. Almost 90% of the fall came in the last 2 days which has even changed the sentiment. Nifty Today’s Analysis Recap from yesterday: “For further down move we need that gap to be taken out on the downside just like how it was taken out on the upside. Only then the bears can bring the panic in the markets. Which translates into a 70pts+ gap down opening tomorrow. My stance has been changed from neutral to bearish with the first target 19815 and then 19747. If Nifty50 is unable to fall below 19895 in the morning session — I will have to change my stance back to neutral.” Everyday I write down the next day’s levels, targeted open, close etc - but never have I got it 100% right in the last many years. We had gap-down open and the encircled regions shows how the gaps were recreated on the downside just like we had it on the upside. Isolated islands are usually created when there are changes in sentiments overnight. Yesterday we had the FOMC meeting in the US and they decided to keep the interest rate as it is - source. What really unnerved the markets is their decision not to cut the rates till they win the battle against inflation. Ideally that is a negative global macro - and guess what our markets performed better than asian peers in spite of these news. You are already aware India - Canada tensions are rising and there was news about Halting Canadian Visa services. Still we fell only 0.8% ~ 159pts today. Japan fell -1.22%, China fell -1.24%, Hong Kong fell -1.45%, South Korea fell -1.75%. Our markets are in a different orbit of its own. On the 1hr chart - the weakness is visible - but the bears have not gained enough momentum. There is still no panic - VIX fell -2.79% @ 10.8175. Today’s price move is summarised in the first hourly candle - because the next 6 candles have not moved the needle by an inch. I am starting to doubt if the bulls have priced in all the information available? For tomorrow, I wish to maintain the bearish stance with the first target at 19672 and the second but strong target at 19589. Ideally the bears should be able to close the day below 19589 tomorrow and take out the 19310 early next week. One thing to remember is Nifty50 is still not bearish on the daily time frame whereas SPX is.
NSE:NIFTYShort
by viswaram
Nifty Trade Setup for 21-09-2023Nifty important levels to watch are as follows #Support: 19880 Sell below: 19880 only on 15 minute candle closure below the level. Target 1: 19815 Target 2: 19740 #Resistance: 19920 Buy Above: 19920 only on 15 minute candle closure Above the level. Target 1: 19970 Target 2: 20040 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section. #If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
20 Sep ’23 Post Mortem on Nifty - Finally a reversal dayNifty Analysis Recap from yesterday: “On the 1hr TF, I will be quite happy if this turns out to be the new top formation. Since the 20100 level was not taken out today, I was not able to take new short positions. We have a holiday tomorrow, but when we resume on Wednesday — I would really prefer if 20070 is taken out, till then I would prefer to stay neutral.” We opened gap-down and well below 20070 which prompted me to go short. The 2nd 5mts candle showed some strength, but that faded away in the next 3 to 4 candles. Firstly I am not quite sure if the change in sentiment was technical or fundamental in nature. There was news about Canada rescheduling the FTA deal, Travel restriction to India, Expelling the Diplomat, NSA flying to London. Before today most analysts were bullish in India and almost 95% of them did not have a reversal call. Now that Nifty50 has broken some levels - I assume few of them would have changed the plates. We just fell 1.15% - it is not a big deal. Ideally we should have fallen more than 2%. Secondly the follow through and avalanche effect was missing - meaning the participants have not panicked yet. Our VIX is still 11.12% - up just 2.7%. On the 1hr TF - the encircled region is the gap formed between 8th and 11th Sep 2023. And today’s prices just stopped right at the top level i.e 19895. For further down move we need that gap to be taken out on the downside just like how it was taken out on the upside. Only then the bears can bring the panic in the markets. Which translates into a 70pts+ gap down opening tomorrow. My stance has been changed from neutral to bearish with the first target 19815 and then 19747. If Nifty50 is unable to fall below 19895 in the morning session - I will have to change by stance back to neutral.
NSE:NIFTYShort
by viswaram
Nifty Trade Setup for 18-09-2023Nifty important levels to watch are as follows #Support: 20165 Sell below: 20165 only on 15 minute candle closure below the level. Target 1: 20110 Target 2: 20050 #Resistance: 20225 Buy Above: 20225 only on 15 minute candle closure Above the level. Target 1: 20260 Target 2: 20310 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:NIFTY
by InvestyourAsset
15 Sep ’23 Post Mortem on Nifty - Crazy last 30mts in HDFC & RILNifty Analysis Recap from yesterday: I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167. We had a good positive day today, the start itself was right at the swing high of yesterday and we built up the momentum from there. The euphoria, FOMO continues and people continue to pour money. Nifty Energy, FMCG, Metals did not close in the green today. ONGC had a super start but gave up all the gains soon. The real question now is - Does Nifty have more firepower to continue the rally? Two instances of pull back stands out today, first at 12.05 to 12.30 period and then 15.05 to close. The 2nd one looked more dangerous than a casual profit booking. I was watching the price fluctuation in RELIANCE and HDFCBK - the volumes and swings were pretty unusual. Both of them fell from the high of the day, RELIANCE even hit the low of the day in this period. Brutal swings accompanied by huge volumes - most likely a news flow driven price action. On the 1hr TF Nifty has gone almost vertical for the last 900pts. Ideally it would be good if it consolidates at these levels. If the consolidation doesn't happen - there is a high risk of fall. For Monday I wish to maintain the same 50% neutral 50% bullish stance. And wish to go short if 20100 level is getting taken out.
NSE:NIFTYLong
by viswaram
14 Sep ’23 Post Mortem on Nifty + Weekly Expiry AnalysisNifty Weekly Analysis Between the last expiry and today Nifty is up an impressive 378pts ~ 1.92%. We really did pick up some directional momentum this week. Almost all the sectors were assisting Nifty hit an all time high in this historic week and conquer 20000. Nifty Daily Analysis Recap from yesterday: “I expect the expiry to be above 19989 if we still have the bullish sentiment. I wish to stay 50% neutral and 50% bullish for tomorrow and would like to go 100% bullish once the swing high of 20110 is taken out.” Since we hit a new ATH by 09.40 today and because it was above my bullish level of 20110 I had to go long today. I rolled up my PUT positions from 19900 to 20000 for protection. I am quite relieved that the 20000 PE expired out of the money otherwise my bullish bias would have been proven wrong. Meanwhile the CE long option was rolled over for the next week’s expiry. The bullish momentum lasted only till 09.45 after which we were falling quite strongly. All the 5mts candles from 09.50 to 10.15 were in red. The 20000 PE option I had taken did appreciate more than 175% but I somehow decided not to exercise. We closed at just 0.16% gains, so quite relieved that yesterday's analysis played out okay. Regarding the option prices - the OTM premiums were not attractive for an expiry day options seller. This is the 2nd expiry we had after decoupling banknifty from nifty. With the current VIX scenario - the only route to make money for OTM option sellers is to shuffle the positions between banknifty or nifty or finnifty depending on the abrupt jumps in premiums due to lack of liquidity. I will try to write out an article by this weekend explaining the concept with examples. On the 1hr TF Nifty has made a healthy upward pattern and as discussed over the last 2 sessions - a consolidation at the current levels will give it some stability. Parallelly since we took the ATH - a part of it would want to break free as that is the path of least resistance. If you are a bear - the only way you could fight back in is to close Nifty below 19989 or get a quick swing below 19960. I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167.
NSE:NIFTYLong
by viswaram
12 Sep ’23 Post Mortem on Nifty - Mid Small Caps bleedingNifty Analysis Recap from yesterday: “For tomorrow I wish to continue with the bullish stance, although I would like to take some safety net via long PUTS as we have the CPI (Inflation) data coming up this week.” The opening 45mts saw huge profit taking, few of the candles were deep red sending out a message that it may not just be a profit taking. I usually do not check the midcap and small cap indices as their weightage rarely moves Nifty. But seeing the aggressive price moves, I did peep into those sub indices and this is what happened. nifty smallcap down 4.1% midcap 150 down 2.97% nifty metal down 2.67% nifty energy down 2.49% nifty next50 down 2.3% nifty auto down 1.86% nifty commodities down 1.85% Usually we do not have these high aggressive moves. I even forgot the last time Nifty moved 2% intraday. The puts that I had on Nifty did appreciate in value in the opening 30 to 40mts but the fall got arrested there. So I still have those long PUT positions active for tomorrow. The options premiums were also a bit off today, the OTMs having an unusual surge in prices - totally irrational. By around 14.45 - the options flow suggesting further downside. Whereas by 15.20, I got conflicting signals from the PE side. I wish to just wait and watch for tomorrow and not get into an aggressive long position until Nifty50 has consolidated at the current levels. I wish to modify my stance to neutral from bullish. If we break the 19870 levels tomorrow - I wish to go short (bearish).
NSE:NIFTY
by viswaram
11 Sep ’23 Post Mortem on Nifty - @20000 a day to remember 🎇🎇Nifty Analysis Recap from yesterday: For Monday I wish to change the status from bullish to 50% bullish & 50% neutral — that’s because I would like to wait for this news flow to get priced in. The euphoria and FOMO alone should drive Nifty50 to new ATHs, however I do not wish to get into new bullish positions till then. The 50% neutral, 50% bullish stance was taken to give some time for the traders to digest the I-CRR news. Seems like nobody was interested to wait. As soon as we opened - the intention to go up was very clear - how so? Just look at the OTM put prices. All the signs of aggressive put writing with near ATM credit and far OTM debit. Since this pattern was holding throughout the day, I personally went ahead with some long positions. In today’s price action, there were no reversal or pullback attempts and all the sectors were in green - a rarity usually. And as per DOW theory - if all the sectors are in green - its a true indicator of trend. On the 1hr TF - just notice the pace at which Nifty50 regained the lost points. It took 42 days and 1hr for Nifty to fall from 19991 to 19223 and just 10 days & 6 hrs to regain it. Which also indicates its a structural bull market. For tomorrow I wish to continue with the bullish stance, although I would like to take some safety net via long PUTS as we have the CPI (Inflation) data coming up this week.
NSE:NIFTYLong
by viswaram
08 Sep ’23 Post Mortem on Nifty + discontinuation of I-CRR newsNifty Analysis Recap from yesterday “On the 1hr TF the W pattern worked out quite good. The next 2 resistance points will be 19786 and 19852 if we are continuing the breakout rally. If we were to fall the first support will be the resistance we just broke i.e. 19678 followed by 19581. For tomorrow I wish to continue my bullish stance unless the first support of 19678 is taken out in the first 2 hours.” Let the chart not deceive you, we really went up 142pts ~ 0.72% from the low to the high and today’s low was still above yesterday’s close. Since the chart was set to “Auto” resolution on “Log” scale - the up move may not look that much. What an impressive rally today, I assume most of the analysts would have switched their bias to the long side after yesterday’s show. Today’s outperformance was quite predictable still the near ATM call options had a humongous price swing. Option premiums usually rise when the uncertainty goes up - and seeing the rally today the price jumps in 20100, 20200, 20300 & 20500 were more than unusual. 20100 CE which closed for 5.45 yesterday opened at 6.5 and rallied upto 13.5 ~ 248% before closing at 9.35. We took out the first resistance point by 11.15 today and touched the 2nd resistance point by 14.15 to only close lower. The 2 resistance points are highlighted in orange horizontal lines. I was feeling quite carried away that the technical analysis was working exactly as in the script. Nifty falling in a bearish channel from 21st July and then breaking out from 1st Sep. Just today I realized the real reason behind this is the I-CRR news flow - read here. Remember the fall started when the RBI Governor announced the 10% increment in CRR in his last MPC address. Now there is news that 75% of it might be removed immediately. This was the reason the banks started rallying all of a sudden from 2pm on 6th Sep. Do you recollect the article I wrote about HDFCBK being the lone wolf fighting for banknifty? Now you might have understood how a 41% weightage on BankNifty can make a lot of difference. For Monday I wish to change the status from bullish to 50% bullish & 50% neutral - that's because I would like to wait for this news flow to get priced in. The euphoria and FOMO alone should drive Nifty50 to new ATHs, however I do not wish to get into new bullish positions till then.
NSE:NIFTYLong
by viswaram
07 Sep ’23 Post Mortem on Nifty Super rally in last 90 mtsNifty Weekly Analysis You may not believe that Nifty has added 444pts ~ 2.31% between the last expiry and today. The bulk of the moves came on 1st Sep and then today. On the weekly timeframe Nifty just broke out from the bullish flag consolidation formation signalling further fire power ahead. Will the global markets play spoilsport is the only question here. Nifty Today Analysis Recap from yesterday “Also the 14.15 green candle negates the 5 prior red candles creating a bullish ambience. For tomorrow, I wish to continue the bullish stance and the first target in sight would be to take out the next swing level of 19678.” It was not a surprise that when I posted the bullish view on tradingview minds this morning, I got a -4 downvote. Almost all the analysts were looking for bearish opportunities on Nifty and BankNifty and the opening moves would have given the illusion of downfall. We fell 71pts ~ 0.36% by 09.35 enough for most to go short and that too on expiry day. What happened after that was a reclamation of 19600 levels by Nifty, we even hit a new swing high of 19642 at 11.15. And honestly I thought thats it - we will consolidate sideways and end the day around those levels. I was totally surprised when Nifty rallied 144pts ~ 0.74% between 11.40 to 14.35. In fact I had 2 bullish CE long positions that I exited prematurely at a small profit. If I knew Nifty had more firepower to take out the 19700 today - I would have hung on to it & made a fortune 🙂 From a weekly expiry standpoint - the options premium near ATM and far OTM were real pathetic. Something that I realized today is that when we had BankNifty & Nifty expiring together - we could jump in and out on strikes that gave max bang for bucks. Since BN is now set to expire on Wednesdays, there are no more arbitrage opportunities. If the conditions like today persist in the foreseeable future - then option selling wont be able to attract a fresh crowd. On the 1hr TF the W pattern worked out quite good. The next 2 resistance points will be 19786 and 19852 if we are continuing the breakout rally. If we were to fall the first support will be the resistance we just broke i.e. 19678 followed by 19581. For tomorrow I wish to continue my bullish stance unless the first support of 19678 is taken out in the first 2 hours.
NSE:NIFTYLong
by viswaram
06 Sep ’23 Post Mortem on Nifty Unusual spike at 3pmNifty Analysis Recap from yesterday: For tomorrow I continue to maintain the bullish stance unless 19450 is broken. Nifty opened inline today and held its ground till 09.40 after which it started falling. The fall was not quick or scary but gradual and steady. We dropped 112pts ~ 0.58% by 13.35 and went down till 19491 from where we got a massive reversal. The level from which Nifty took support could be rounded off to 19500. Any further weakness would have triggered another round of selling and the breakout momentum would have been shot in the arm. Luckily we had a massive reversal, quite honestly I did not expect it to be this intense. Nifty gained back 145pts ~ 0.75% to close above the swing high at 19618. This is in line with the bullish technical analysis. If you look at the 1hr TF the W pattern still holds strong. Also the 14.15 green candle negates the 5 prior red candles creating a bullish ambience. For tomorrow, I wish to continue the bullish stance and the first target in sight would be to take out the next swing level of 19678. Unless any misadventures from SPX and NDQ overnight - we should be cruising upwards. Protective stop loss will be 19490 or below.
NSE:NIFTYLong
by viswaram
Small bodied bullish candlestick pattern on the daily chartsHi Mates, Nifty maintained the upward journey for the third consecutive session despite volatility on September 5. Given the positive trend, seems that Nifty can surpass 19,600 soon and if it gets back above the same, then 19,800 is likely to be the next stop given the falling volatility, while the crucial support is expected at 19,400-19,300 levels. Well if i talk about yesterday session, then Nifty50 started off the day higher at 19,565, but witnessed some correction in the afternoon to hit a day's low of 19,526. However, the index immediately recovered those losses and returned to the momentum to hit an intraday high of 19,587 in late trade, before closing the session at 19,575, up 46 points. Guy's NIfty has formed a small bodied bullish candlestick pattern on the daily charts after a Doji candle formation in the previous session, making higher highs and higher lows for the third straight session. This is a positive indication and signals uptrend continuation for the market in the short term. Important levels for Nifty:- Intraday support zone 19448 Intraday resistance zone 19646 Strong support zone at 19200-19300 Strong Resistance zone at 19650-19700 For me Market is bullish in near term until 19200 levels does not break for below, so if i will find any dip in market i will think to accumulate. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:NIFTYLong
by TraderRahulPal
05 Sep ’23 Post Mortem on Nifty - Momentum not enoughNifty Analysis Recap from yesterday: I wish to go with a full bullish stance tomorrow wherein 19584 has to be taken out in the first 2 hours and the final close should be above 19600 . Although the price action looked as a continuation from yesterday - it did not have enough firepower to break the recent swing high of 19584 nor cross the 19600 threshold. NiftyIT again provided good support to Nifty today along with Pharma, FMCG and Energy. Positionally Nifty50 is in good shape to go higher, but for that this momentum wont be enough. During a strong uptrend, all the sub sectors also have to be in green. On the 1hr TF, Nifty has made a W pattern which indicates bullishness. As long as the 19450 level is intact this pattern will remain bullish. The moment Nifty breaks 19450 and goes near 19310 the W pattern will change shape and become like an M pattern. We also would like to wait and watch how the first banknifty expiry on wednesdays will impact the trajectory. For tomorrow I continue to maintain the bullish stance unless 19450 is broken.
NSE:NIFTYLong
by viswaram
Nifty daily analysis for 06/09/23.Nifty for last 2 days is forming a dragon fly doji after a gap up opening. The market after the opening is coming for a selling and than move slowly in the upward direction. On the hourly charts, it traded above both the moving averages and during the last hour recover giving close 46 points higher. The market has followed the same trend in previous trading session and if there is another gap up there are chance of market moving in the upside direction. On 15 minute time frame, it showed a downside trend and recover after the gap filling. It tested the 20 ema and in the mid hour traded around the levels. Support :- 19520, 19460 Resistance :-19580, 19620, 19720 Nifty has closed in green but the other index has closed in red. Indian Vix is dropping which means there can be a trending move and option premiums are not much. Carry on the trades with a proper trailing stop loss and an ultimate target. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
FASP levels for Nifty 05/09/2023The FASP for Nifty is listed for 05-09-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
04 Sep ’23 Post Mortem on Nifty | almost breaking out, bullishSeeing the price action on Friday, we had changed the status from bearish to neutral. But by seeing the strength today, I wish to go full bullish for tomorrow. To start with we had a gap-up opening of 103pts ~ 0.53% and then a quick fall to yesterday’s close. Luckily Nifty took support right there and then started moving upwards. The upward move from 10.40 to close came with minimal pull back or retracement - showing a clear path for further bull run. The real thrust came from the NiftyIT index which had a flattish move till 10.45 and then a surge of 2.18% ~ 687pts from there till close. This is the reason why Nifty outperformed BankNifty today. On the 1hr TF, you can see the encircled regions, where we tried to break out from the bearish channel only to be pulled back to it later. Today’s price action has created an island-like formation and somehow avoided the fall. As it stands its a bullish break-away signal and if we dont make a down day tomorrow & wednesday then we can confirm further uplift due to the sentiment reversal. I wish to go with a full bullish stance tomorrow wherein 19584 has to be taken out in the first 2 hours and the final close should be above 19600. On the other hand, If we start falling back to the 19300 zone - the bears will come back super strong.
NSE:NIFTYLong
by viswaram