NIFTY Intraday Trade Setup For 24 Sep 2024NIFTY Intraday Trade Setup For 24 Sep 2024
Bullish-Above 25960
Invalid-Below 25910
T- 26200
Bearish-Below 25780
Invalid-Above 25830
T- 25540
NIFTY has closed on a bullish note with 0.57% gain today. It was less volatile than last session with firmly bullish sentiment. Index is at a striking distance to 26k. Possibility of crossing the same is high and next possible resistance lies near 26200 zone. 25780 will be a good support and an important level for opening downside move.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25960 then we will long for the target of 26200.
For selling we need a 15 Min candle close below 25780. T- 25540.
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.
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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.
Niftyprediction
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Nifty looks solid till 27kNifty another rising wedge breakout with good follow through today confirming the breakout.
Low probity event where both bulls and bears are trapped out due to a rising wedge upside breakout . Approximate target would be the height of the rising wedge pattern which takes us to 27,000 - 27,200 levels.
#Nifty Directions and Levels for the Last Week of SeptemberNifty and Bank Nifty Directions and Levels for the Last Week of September
Global Market Overview:
In the previous week, the global market continued to rally solidly. Structurally, it indicates a bullish bias. This week, we can expect some continuation of the rally along with potential consolidation. In the meantime, there are some important events that we should pay attention to.
Our Market:
Our market also continued the solid rally. Structurally, it indicates a bullish bias; however, the structures differ between Nifty and Bank Nifty. If we look at the price action, both are exhibiting a strong bullish trend. However, when comparing the wave counts, Nifty is progressing through its 5th sub-wave, while Bank Nifty is currently in its 3rd sub-wave.
How can we interpret this sentiment? Typically, this kind of sentiment leads to consolidation. For example, once Nifty finishes its 5th wave, it could experience a sharp correction. At that time, Bank Nifty might undergo a 4th wave, which is a consolidation wave, so we wouldn't expect much correction in that scenario. Once Bank Nifty completes its 4th wave, the 5th wave could resume a bullish bias, during this time, Nifty likely wouldn't continue its correction.
On the other hand, if Bank Nifty dominates the market (meaning the 3rd wave extends further), we cannot expect a correction in Nifty. It may seem a bit complicated, but in simple terms, we can anticipate consolidation where the market could either face rejection or experience a significant breakout.
#Nifty
Current View:
If the market breaks the previous high, we can expect the next target to be 26,034. This is a crucial level. If the market faces rejection there, we can expect a correction between 61% to 78% of the minor swing. However, confirmation of a correction will only be valid if the market breaks the 38% Fibonacci level. Until then, the market remains bullish.
Alternate View:
The alternate view suggests that if the market does not face rejection or consolidates instead, the rally is likely to continue to the level of 26,273.
nifty plan for next move will it crash 2025 to 2030?as you can see on chart history repeats all the time same patterns so plan for your growth and expect for a crash on those levels as history made before
wait for the crash
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Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself
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happy trading 🥰
20th Sep '24 - Last week's stance change paid off, Nifty up 1.9%Nifty Stance Bullish ️⬆️
Back-to-back 1.9% weekly moves, Nifty moves an astonishing 953 points over the last 2 weeks. There is nothing that could possibly stop this train.
What is more interesting is that 100% of this move came on Thursday + Friday, till then Nifty was flat and would have given the impression that the week may be going sideways. The good thing is that we started the week with a bullish mindset, ensuring we did not run into losses, unlike many professional traders who lost a lot on Friday alone.
The losses on Friday for those who traded Sensex were because of the 1.3% sudden move that came in a range of 8 minutes, it really looked inorganic and manipulative. These days, it is quite easy to predict when the HFTs are gearing up to deploy their stop loss hunting, the wiser strategy is not to play.
For the next week also, we wish to maintain the bullish stance and would like to switch back to a neutral stance only if we drop below 25528.
#NIFTY50 #ANALYSISNIFTY 50 INDEX will do one last up marked by a trend line in the form of rising wedge. Possible zone 25400-25600. It can do directly or can go by one dip but it will fast so as to trap more & more retailers on the way. Below is the marked RSI trend line which can give the idea of top as well as we are running divergent. Closing below 25700 level view in invalid.
Nifty Analysis for Tomorrow (intraday Trading Setup-options)Today market opened Gapup but not sustained.
After 2 Pm price created a support and at the time closing bounce little bit and closed so tomorrow morning possibility of a Gapup.
How to Trade -
1. If opens Gapup and falls but sustain today's low and then a bounce is expected after support creation.(High probability)
2. If opens Gapup/flat -moves upside and unable to hold at upper levels then there will be a selling on rise day.( Less probability)
3. If opens Gapup/flat -moves upside and test next resistance and hold at High level then bounce will be expected.
4. If opens gapdown or falls to next support then also bounce will be expected after support creation (highest probability)
Nifty Analysis for Tomorrow (intraday Trading Setup-options)Today market opened Gapup but not sustained.
After 2 Pm price created a support and at the time closing bounce little bit and closed so tomorrow morning possibility of a Gapup.
How to Trade -
1. If opens Gapup and falls but sustain today's low and then a bounce is expected after support creation.(High probability)
2. If opens Gapup/flat -moves upside and unable to hold at upper levels then there will be a selling on rise day.( Less probability)
3. If opens Gapup/flat -moves upside and test next resistance and hold at High level then bounce will be expected.
4. If opens gapdown or falls to next support then also bounce will be expected after support creation (highest probability)
Nifty50 trade idea for tomorrow (19 sept 2024)Green Box- Nearest Target (Major support)
Red line- If green box breakes then red lines are target.
Blue line- One & Only Upside Target.
Caution: Don't challenge market tomorrow, don't plan for reversal trades just mark first 5 min candle and ride it with it. Trade with strict StopLoss
NIFTY Intraday Trade Setup For 18 Sep 2024NIFTY Intraday Trade Setup For 18 Sep 2024
Bullish-Above 25450
Invalid-Below 25400
T- 25630
Bearish-Below 25310
Invalid-Above 25360
T- 25100
NIFTY has closed almost on a flat note with minor gain of 0.14% today. Since last three sessions index is just sideways within 150 points small range. Index is just consolidating after ATH breakout. Now above 25450 index should trend in the higher side, no comments on momentum as it has passed away months ago. Below 25300 index should start a bearish action.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25450 then we will long for the target of 25630.
For selling we need a 15 Min candle close below 25300. T- 25100.
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.
Symetrical Triangle with flat top on NiftyFor learning purpose:
The Nifty index is showing a symmetrical triangle pattern with a flat top, which often indicates consolidation and the potential for a breakout. A break below the 24,380 level could signal weakness, with bearish sentiment possibly taking over. On the other hand, a break above 24,450 may lead to bullish momentum, as buyers could drive prices higher, confirming an upward breakout from the consolidation. Traders should keep a close eye on these levels for potential trade opportunities, as either side could set the tone for the market’s next move.
Nifty50 weekly Bullish Engulfing can we follow or not????Nifty50 in 1st week Bearish Engulfing but not closed below 24811 & bounce back. In 2nd week Bullish Engulfing but having Trend line Resistance with Negative Divergences on RSI. Upside move will be limited till rate cuts but levels can’t be decided for upside. Now trade with Nifty trend & proper risk management. Happy Trading & thank you.
Nifty Market Analysis for 16 September 2024On September 16 (Today) NSE:NIFTY opened gap up by 50 points, indicating positive momentum at the start of the trading session. The immediate resistance level for Nifty is observed at 25,415. If the index manages to sustain above this resistance, the next crucial resistance levels to watch are 25,502 and 25,535. On the downside, failure to hold above 25,415 could result in a decline toward the support range of 25,311 to 25,275.
Immediate Resistance: 25,415
Nifty Day’s Support: 25,311 to 25,275
Nifty Day’s Resistance: 25,502 to 25,535
Disclaimer:
This analysis is based on current market data and technical indicators. It is not a recommendation to trade or invest. The stock market is subject to risks, and prices can fluctuate due to various factors. Please consult with a financial advisor before making any investment decisions.
Nifty for the week 16th sep to 20 sep 2024.Nifty is in uptrend as long as it above 24250.
Buy above 25435 or
if Nifty falls then wait for retracement or green candle above 24250 in one hour time frame and buy above the high of the green candle
Sell below the low of the candle which closes below 24250 in one hour time frame.
Disclaimer.
I am not a SEBI registered analyst. The above is only for Educational Purpose.
13 Sep 2024 Stance changed to Bullish, surprising breakouts N50Nifty Stance Bullish ️⬆️
Nifty moves an amazing 474pts ~ 1.91% during the week 9th to 13th September and upgrades its stance from neutral to bullish. Of these 438pts ~ 1.75% surge came on 12th Sep and between 13.30 to 14.51.
12th Sep was an expiry day and I had shorted 25250 at 3.50 and luckily squared off for Rs1.1 around 1.33 PM. This same strike went upto Rs175 and then closed in the money. Sometimes, luck plays on your side as well.
We have a new ATH of 25433 and the market has huge relative strength to keep going up, no one is able to predict where the top will be and the bears are feeling sorry for themselves. On the 13th, markets consolidated, and it was a good day for nondirectional traders.
We have revised our stance to bullish but do not expect it to surpass 25800 this weekly series.
#Nifty Directions and Levels for the 3rd Week of September.Global Market Overview:
In the previous week, the global market experienced a solid pullback; however, the structure still indicates a range-bound market. What about this week? Structurally, if the market breaks the previous high, we can expect a continuation of the rally. On the other hand, if the market faces rejection around the previous high, the range is likely to continue. However, there are many important events this week, such as Retail Sales, Industrial Production, Building Permits, the Fed Interest Rate Decision, FOMC Economic Projections, and the Fed Press Conference. So, this week might be crucial, and we could expect heightened volatility.
Our Market:
In the previous week, our market mirrored the global sentiment. Both Nifty and Bank Nifty experienced strong pullbacks, and structurally, this could continue into this week. However, we might see some consolidation in the middle of the week. Let’s break it down further by looking at the charts.
While Nifty and Bank Nifty have similar structures, their wave counts differ.
Nifty:
Current View:
If this week begins positively, we could see resistance around the 25492 to 25587 levels. If the market gets rejected here, we can expect a minor retracement of 23% to 38% in the swing. After that, if the market finds support there(around 38%), the rally could continue, with potential targets of 25692 to 25853. This is our primary scenario.
Alternate View:
In the alternate scenario, if the market starts negatively or faces rejection around the immediate resistance, we can expect a 38% correction. (It’s important to note that the retracement points differ from the current view.) after that If the market breaks this level decisively, we can expect the correction to extend to at least 78% to the swing low. However, if it doesn't break the 38% level, the bullish bias could be maintained.
Markets Gear Up for FED: Nifty & Bank Nifty Reflect OptimismNifty has created a 500 points flag pattern on a 30 mins chart, breakout is above 25385 level, if thats done then we should see a strong move till 25800-26200-26400 levels.
Bank Nifty has to catch up, it has also shown strength in last week, 52200 is a crucial zone, any close above it will give Bank Nifty open doors for 53150 level and above that 54150 level can be seen. On down side we can see 51700 - 51400 as strong support
#Nifty directions and levels for September 13th.Good morning, friends! 🌞 Here are the market directions and levels for September 13th.
Market Overview:
Global markets are showing a moderately bullish trend, as indicated by the Dow Jones, and our local market has a bullish sentiment. However, today, the market may open with a gap-up, as SGX Nifty is indicating a positive move of around +40 points at 8 AM.
In the previous session, Nifty and Bank Nifty showed a solid rally. Structurally, it is indicating a bullish bias. However, if we look at the sub-wave structure, there is a progressing fourth wave. The previous solid rally could indicate a third wave, followed by a rejection that reached the 23% Fibonacci correction, so we should consider that a fourth wave. In this sentiment, we can expect consolidation until breaking the immediate resistance. Let’s take a look at this on the chart.
Today, Nifty and Bank Nifty have the same sentiment.
Current View:
If the market opens with a gap-up, it may face rejection around the previous high. If this happens, it may enter some consolidation between the previous high and the 38% Fibonacci level to the downside. This is our first variation.
Alternate View:
The alternate view suggests that if the gap-up doesn’t sustain, it may find support around the 38% Fibonacci level. If this occurs, it typically consolidates between the 38% and the previous high. In this case, if it breaks below the 38%, we can expect the next target at the 50% level; however, the correction will continue only if it breaks the 50% Fibonacci level solidly.