NIFTY Intraday Trade Setup For 28 Aug 2024NIFTY Intraday Trade Setup For 28 Aug 2024
Bullish-Above 25080
Invalid-Below 25030
T- 25250
Bearish-Below 24950
Invalid-Above 25000
T- 24815
NIFTY has closed on a flat note today. We have discussed multiple times that index behavior since last many weeks is mostly trading inside 100 points range, today was another such day. 25100 zone may trigger some volatility as its a confluence zone for buyers and sellers. 25080 and 24950 are intraday levels for tomorrow. Tomorrow we can expect good move above or below today's high/low as daily candle is a spinning top.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25080 then we will long for the target of 25250.
For selling we need a 15 Min candle close below 24950. T- 24815.
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
Caution Ahead: Nifty 50 Approaching ATH with Bullish Pennant Nifty 50 is forming a textbook bullish pennant, but caution is advised as this could be a potential trap. With the index nearing its all-time high, it's best to wait and trade cautiously. My overall outlook leans bearish, and if possible, staying on the sidelines might be the safest approach for now.
Nifty Intraday Levels | 26-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)
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✍️COMMENT Below your view !
NIFTY Intraday Trade Setup For 26 Aug 2024NIFTY Intraday Trade Setup For 26 Aug 2024
Bullish-Above 24870
Invalid-Below 24820
T- 25058
Bearish-Below 24770
Invalid-Above 24820
T- 24570
NIFTY has closed on a slight bullish note with over 1% gain last week. Index looks ready for a fresh ATH. Last week we discussed when NIFTY was @ 24540 that index is likely to fill the two gaps created in daily TF in the higher side. On Friday a Pin bar candle has been formed so above 24870 we will breakout of last two sessions and as per plotted ABCD, 25058 will be on cards. Below 24770 index may turn bearish in hourly TF and effect will be seen in coming days.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle close below 24870 then we will long for the target of 25058.
For selling we need a 15 Min candle close below 24770. T- 24580.
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.
Breakout or Trap? Nifty & Bank Nifty Surge Ahead - Be Cautious!!Nifty and Bank Nifty are showing some strength!! We may see new ATH looking at the charts,
till the time Nifty does not clear 25300 we are in trouble waters!!
Above that level we should see a strong upside movement!!
All i can say is stay cautious till tht time, lets see a strong breakout rather then fall in a trap!!
Nifty weekly analysis for 28/08/2024.Nifty is stuck in a range and has slowly recovered after a retest. Yet there were no opportunities for option buyers this week.
If the market breaks out of the range, there are high chance of a fake out, as it has been rallying for last few days.
Small quantities can be traded in a bullish trade. In case of break down, a good profit booking rally can be captured.
Major levels :- 24870, 24960, 25050
The supports are nearby and market can reverse after testing the zones.
Index seems strong and a double top formation can be seen this week. A bearish positonal trade can be created if there negative candlestick formation is there.
Support levels :- 24740, 24600
Wait for the price action near the levels before entering the trade.
Nifty SpotDuring the week from August 19 to August 23, 2024, the Nifty 50 index displayed a steady recovery after a prior downtrend earlier in the month. The index began the week with a bullish momentum and closed on August 23 at 24,823.00
Key drivers behind this recovery included a robust performance from mid-cap and small-cap stocks, as well as contributions from sectors like banking and auto. Despite some cautious sentiments due to global uncertainties and anticipation surrounding Jerome Powell’s Jackson Hole speech, the overall trend remained positive.
Key Levels marked. 25100 odd levels likely a hurdle..
Nifty for the week starting 26th August to 30 August 2024Nifty has been consolidating between 24860 and 24750. Any break below or above it will fetch 500 points.
Buy above 24860 and sell below 24750.
The prices mentioned above are for spot nifty.
I am not a SEBI approved analyst.
You may do a self analysis before entering into the trade.
Nifty Intraday Levels | 22-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 !
NIFTY50 IMPORTANT LEVELS FOR TOMORROW, 22TH AUGUST NSE:NIFTY ANALYSIS FOR TOMORROW 🔺
❇️ IMPORTANT LEVELS 🚀
❇️ Support: 25730-24680-24645-24600-24550.
❇️ Resistance : 24750-24800-24875-24920
❇️ Raising wedge pattern at 15-30mint time frame. (Bearish pattern)
👉🏻 PURPLE LINE : 24730 is a key level, above buying, Below selling.
👉🏻 @thetradeforecast 🇮🇳
NIFTY Intraday Trade Setup For 22 Aug 2024NIFTY Intraday Trade Setup For 22 Aug 2024
Bullish-Above 24800
Invalid-Below 24750
T- 25030
Bearish-Below 24650
Invalid-Above 24700
T- 24470
NIFTY has closed on a bullish note with 0.29% today. Since last few days index move's have been contracted to 100 points only. In the weekend we already discussed that index is likely to fill both the gaps in daily TF, one is filled and now on path to fill 2nd one. Once again if index sustains 24800 post 10 o'clock then possibility of 25k will be high. Below 24650 bears will grip or else it will be sideways to bullish day tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24800 then we will long for the target of 25030.
For selling we need a 15 Min candle close below 24650. T- 24470.
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 Intraday Trade Setup For 21 Aug 2024NIFTY Intraday Trade Setup For 21 Aug 2024
Bullish-Above 24740
Invalid-Below 24690
T- 24960
Bearish-Below 24600
Invalid-Above 24650
T- 24390
NIFTY has closed on bullish note with 0.51% gain today. Buy triggered as per trade setup above 24650 and made a high of 24734, just after small rally of 45 Min it turned total sideways for the rest of the day. As stated in the weekend analysis that we are likely to fill the two gap areas in daily TF, one of them achieved today. Now fair chance of a reversal from the gap resistance area but will be confirmed below 24600 only. Above 24740 it will head towards 25k.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24740 then we will long for the target of 24960.
For selling we need a 15 Min candle close below 24600. T- 24390.
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 directions and levels for August 20th.Good morning, friends! 🌞 Here are the directions and levels for August 20th.
Market Overview
There haven't been any major changes in the global or local markets. Global markets have a bullish sentiment, while our local market shows a moderately bullish sentiment. So, today the market may open with a neutral to slightly gap-up start, as the SGX Nifty indicates a positive 25-point move as of 8:00 AM.
In the previous session, Nifty closed with consolidation, so the previous sentiment may continue today as well. However, I will explain it simply. First, let's look at an alternate variation.
Alternate Variation:
The previous pullback was strong, that indicating a bullish trend. So, if the market breaks the previous high solidly or after some consolidation, we can expect the rally to continue. This is our alternate view. In this case, if the breakout has a solid structure, then the upcoming rally could be a long one, structurally forming a "flag pattern." On the other hand, if the breakout occurs with low volume, meaning if it breaks with some grinding, the upcoming rally could be smaller.
Current View:
The current view is similar to what we saw in the last session. If the market finds support at the immediate support level, it may continue to consolidate, and if this happens, it could break upward. But if it breaks the immediate support level strongly, then we can expect the correction to continue.
Nifty50 Chart Analysis - 20-08-24 TuesdayNSE:NIFTY
Timeframe- 30 min chart
Validity - Current Week
➖ Boring /Dull Move in Last Session, Totally range bound after gapup open.
👉PCR -1.0
👉INDIAVIX - 14.31 (Normal)
🏦 Cash activity
FII- Net SELL (-2667) Cr
DII- Net BUY 1803 Cr
🌐US Markets Last day movement.
DJI:- Bullish by 336+ point.
Nasdaq: Bullish up by 357+points.
#GIFTNIFTY - 40 points up.’
👉NiftySupport 24460,24220,24080.
👉NiftyResistance 24640,24850.
🔹(Same as yesterday )Verdict:- 2 scenarios.
1. Breakout of the channel if the 30-minute candle is above - 24640 then only long side momentum will build up.
2. Reversal from the channel. 24550 range.
Use Appropriate stops to avoid big drawdowns.
Not a buy/sell just for educational purposes.
Keep learning,
Happy trading.
NIFTY Intraday Trade Setup For 20 Aug 2024NIFTY Intraday Trade Setup For 20 Aug 2024
Bullish-Above 24650
Invalid-Below 24600
T- 24850
Bearish-Below 24510
Invalid-Above 24560
T- 24300
NIFTY has closed almost on a flat note with minor gain of 0.13% today. It opened with a small gap up of 100 points and then it turned sideways for the whole day. Index traded inside 100 points range so today's range will be important to watch out tomorrow on breakout. 24650 and 24510 are levels to watch out tomorrow. Be neutral inside this range and follow non-directional approach.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 24650 then we will long for the target of 24850.
For selling we need a 15 Min candle close below 24510. T- 24300.
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.