NIFTY Intraday Trade Setup For 14 Aug 2024NIFTY Intraday Trade Setup For 14 Aug 2024
Sell_1- From 24340
Invalid-Above 24390
T- 24150
Sell_2-Below 24100
Invalid-Above 24150
T- 23850
NIFTY has closed on a bearish not with 0.85% cut today. It opened flat and 10 o'clock range broke downside below 24350 and fell till 24150. Index is technically sell on rise, but with confirmation of bearish reversal price structure in 5 Min TF in intraday. Tomorrow if there is a gap up then 24340 will be a good resistance and we will plan a short from there. 23850 will be an intraday support and 23500 being hourly support.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 24100 then we will long for the target of 23850.
In case of gap up we will short from 24340. T- 24150.
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
Nifty Intraday Trade Setup | 13th AugustNifty opened flat and we saw some negative sentiments in morning due to Hindenburg report but we saw a good rebound from 24200 which was a support zone towards 24470.
For tomorrow, if Nifty sustains above 24500 we expect to see an up-move towards 24540 and above levels. On the other side, if Nifty breaks 24300 on the downside we may see 24260 and lower levels marked the chart.
Expectations: Range-bound movement.
Intraday Levels:
Buy Above - 24500
Sell Below - 24300
Nifty Intraday Levels | 13-AUG-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 Intraday Support & Resistance Levels for 13.08.2024On Monday, Nifty opened with a gap down but managed to recover over 250 points from the day's low, reaching a high of 24472.80 before closing slightly lower at 24347, down by 20 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.
Support Levels:
Near Demand/Support Zone (15m): 24219 - 24266
Far Demand/Support Zone (15m): 24079 - 24118
Near Demand/Support Zone (75m) for Weekly Trade: 23960 - 24077
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (30m): 24686 - 24745
Far Supply/Resistance Zone (75m): 24754 - 24835
Nifty Intraday Levels | 12-AUG-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 directions and levels for August 12th.Good morning, friends! 🌞 Here are the directions and levels for August 12.
Market Overview
Both global and local markets have been trading within a minor range. Today, the market may open with a neutral start because the SGX Nifty is indicating a positive 5-point move.
Nifty and Bank Nifty share the same range-bound market sentiment. Let's take a closer look:
In the previous session, both Nifty and Bank Nifty closed with consolidation after a significant gap-up. If the market breaks the previous high, then we can expect a minor rally, but not a big one. A big rally is expected only if the breakout occurs with a solid green candle and some consolidation around the immediate resistance level. However, if this doesn't happen, the market may reject at that level and continue in its current range, which is our first scenario.
Alternatively, if the market initially declines, the 38% Fibonacci level will act as a key support. If the market finds support there, the range-bound movement may continue. On the other hand, if it breaks below the 38% level, we can expect the correction to continue.
NIFTY Intraday Trade Setup For 12 Aug 2024NIFTY Intraday Trade Setup For 12 Aug 2024
Bullish-Above 24420
Invalid-Below 24370
T- 24640
Bearish-Below 24300
Invalid-Above 34350
T- 24080
NIFTY has closed on with 1.42% cut last week. However it has formed a Pinbar candle in weekly TF which shows that bulls tried gripping once again after sharp drop due to global cues. Above 24420 bulls will try to take take charge however I doubt the momentum in favor. 23900 is an important market structure level in daily TF below which it will confirm a bearish trend in short term. Overall market looks sell on rise. Friday's candle is an indecision candle, high/low being trigger point.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24420. T- 24640 and 24855.
For selling we need a 15 Min candle close below 24300. T- 24080.
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
Nifty at a Glance: This Week's Market MomentumNifty Outlook: A Pivotal Week Ahead
Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850.
Adding to the bearish tone, Nifty has broken down from a Rising Wedge pattern, with a potential target around 21,300. This week is critical—watch these levels closely as the market navigates this pivotal phase.
Nifty Direction Going forward for next one monthRecently came across this great indicator (rightly got EP note), Adaptive Trend Finder (log), by @Julien_Eche:
Per the suggestion, in the Logarithmic chart of NSE:NIFTY , we applied this twice. Once with Long Term trend plotting (light purple channel) and another short term trend (light green channel).
Then just for fun, applied @LuxAlgo ECHO forecaster:
The result is surprising!
(Made sure the Adaptive Trend Finder's short term Auto selected period is set as the Evaluation Window in ECHO and Forecast window set to 20 .. next one month).
We found out that #NIFTY price action, per LuxAlgo ECHO prediction for next 20 days going to retest the Adaptive Trend Finder's short term bottom channel!!
So per this setup (two Adaptive Trend Finders and LuxAlgo ECHO forcaster in Daily timeframe on Nifty):
Nifty going to very range bound for couple of days (24500/24200).
Then it shall going to fill up the Yen Carry Trade gap and shall rise upto ~24800-ish level.
Then it shall fall back to re-test the short term Adaptive Trend Finders's bottom channel of the 24000/23900 level.
There it will exhibit some indications of taking support and bound back (how far? - yet to see).
IS NIFTY HEADING TOWARDS 22600? 2000 POINTS CRASHWe saw a 1000+ fall in Nifty from it's ATH 25078 to 23893 last week and Nifty is taking support from 23900 - 24000 levels which can be considered a retracement for previous fall.
We expect to see another leg of selling from 24420 - 24700 zone and Nifty can go towards 23700, 23100 and final target will be 22600 until Nifty hits 25301 on upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty Intraday Support & Resistance Levels for 12.08.2024On Friday, as expected, Nifty opened with a gap-up and maintained its strength throughout the day, closing at 24367 with a 250-point gain. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.
Support Levels:
Near Demand/Support Zone (15m): 24079 - 24118
Near Demand/Support Zone (75m): 23960 - 24077
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (30m): 24686 - 24745
Far Supply/Resistance Zone (75m): 24754 - 24835
Nifty Weekly Analysis For 12-08-24 to 16-08-24Nifty Weekly Analysis For 12-08-24 to 16-08-24
24580-24680 is the Major Resistance for Next Week.
24000-24500 is the Sideways Range for Nifty.
XABCD Activated Below 24070. Now Nifty is giveng a Pullback.
Short Confirmation is Below 23880 for the Targets of 23680/23480.
Long Level for Monday is Above 24500 for the Targets of 24600/24700.
Short Level for Monday is Below 24300 for the Targets of 24200/24080.
We can see fresh upside move ONLY above 24700.
View: Downside to Sideways.
Nifty50 (Weekly)Thers a Fib Gap pending at 25095 so there's a high possibility to fill the above gap .
If rejects from the above level then it could test below target marked on the chart .
23350--23700 imp support range
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
RISING WEDGE PATTERN IN NIFTY 15 MIN CHART HAS STRONG RESISTANCERising wedge pattern of nifty 50 has strong resistance & weak support. index is not likely to break further as last trading session has not seen any strong long buildups just some short coverings.
OI CHANGE -3.25 % AND PRICE INCREASE 1.11%.