Nifty Intraday Levels | 9-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 📌
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✍️COMMENT Below your view !
Niftyprediction
Nifty Intraday Support & Resistance Levels for 09.08.2024On Thursday, Nifty opened gap down, re-entered the 30m Supply zone mentioned in the last post, and fell again to the day's low, almost touching the 75m (Weekly Trade) Demand zone before closing at 24117. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) has turned sideways.
Support Levels:
Near Demand/Support Zone (75m): 23960 - 24077
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (15m): 24284 - 24337
Far Supply/Resistance Zone (30m): 24686 - 24745
Far Supply/Resistance Zone (75m): 24754 - 24835
Note: As of writing this, GIFTNIFTY is trading 275 points positive, indicating we might see a gap-up opening.
Nifty Analysis: Potential Bearish Flag Pattern?The recent market activity suggests caution for Nifty as a potential bearish flag pattern might be forming. We've observed a "sell on rise" behavior over the past 3-4 sessions, indicating bearish sentiment. For Nifty to break free from this bearish spell, it needs to sustain above the 24,640 mark.
Key Levels to Watch:
Immediate Support: 23,940
Immediate Resistance: 24,390 and 24,490
Traders should keep an eye on these levels for any breakouts or breakdowns, as they will be crucial in determining the market's next direction. A decisive move above 24,640 could signal a shift in momentum, while failure to hold above this level may reinforce the bearish outlook.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions. Trading in financial markets involves risk, and past performance is not indicative of future results.
DECODING NIFTY50's NEXT MOVES - A PROFIT BOOKING COMING SOON ?Nifty50 is continuously hitting fresh record highs at a faster pace tirelessly. There is definitely strong momentum by bulls towards upside but at the same time we can't deny the fact the there's a thing called 'Valuations' which are hinting that markets are modestly overvalued.
The run after breakout of 23500 has been tremendous & we have seen Nifty gained more than 1000 points back to back but as per my experience and my view, A profit booking & retracement is pending the the market.
So, with that view, I am creating short positions in Nifty far month futures (as premiums are much more there) at CMP 24620. I will add more position between 24800 - 24900 & will hold this position with SL above 25K.
I am expecting markets to witness a strong profit booking in coming sessions as markets are extremely overbought already & budget is scheduled in next week. Any negative news in or related to union budget will trigger strong profit booking in market.
I have also mentioned targets for my short position in the chart above & tried to decode Nifty's trend for months to come. Let's see what time will show us.
NIFTY Intraday Trade Setup For 9 Aug 2024NIFTY Intraday Trade Setup For 9 Aug 2024
Bullish-Above 24390
Invalid-Below 24340
T- 24650
Bearish-Below 23890
Invalid-Above 23940
T- 23515
NIFTY has closed on a bearish note with 0.74% cut. Since last 4 sessions we are stuck inside 500 points range- 24400 and 23900. We will trade directional only when we get this range breakout. It was sideways with huge volatility, mostly sl hunting moves. We will be neutral and wait patiently for breakout. However above 24450 there can trigger for short covering.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24350 then we will long for the target of 24650.
For selling we need a 15 Min candle close below 23890. T- 23515.
For selling we need a 15 Min candle close below 23890. T- 23515.
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.
BUY NIFTY AROUND 1 PM TODAY | 8TH AUG '24Gift Nifty is indicating a gap-down opening but as per SpanAttack timings algo, we look forward for a rise today after 1:00 PM.
Buy Nifty: Around 1:00 PM and near crucial support levels.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty Intraday Support & Resistance Levels for 08.08.2024On Wednesday, Nifty opened gap up and entered the 30m Supply zone mentioned in the last post but did not break above it. Nifty stayed within a 150-point range and closed at 24297.50. The weekly trend (50 SMA) is positive, and the daily trend (50 SMA) is now sideways.
Support Levels:
Near Demand/Support Zone (75m): 23960 - 24077
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (30m): 24266 - 24348 (current price inside the zone)
Far Supply/Resistance Zone (30m): 24686 - 24745
Far Supply/Resistance Zone (75m): 24754 - 24835
Note: As of writing this, GIFTNIFTY is trading 180 points negative, indicating we might see a gap-down opening.
NIFTY Intraday Trade Setup For 8 Aug 2024NIFTY Intraday Trade Setup For 8 Aug 2024
Bullish-Above 24390
Invalid-Below 24340
T- 24650
Bearish-Below 24180
Invalid-Above 24230
T- 23900
NIFTY has closed on a positive note with 1.27% gain today. However whole gain is the same points it gaped up. It was sideways within 150 points range in intraday. Today's low is very important as the daily candle is a Pinbar and a double force move can be seen below 24180. In case it opens flat and 24390 is sustained then we will head towards 0.618 zone of the fall we witnessed in last few days.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24390 then we will long for the target of 24650.
For selling we need a 15 Min candle close below 24180. T- 23900.
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 Levels | 7-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 07.08.2024On Tuesday, Nifty opened gap up, entered the 15m Supply zone mentioned in the last post, and then fell 400 points from the top before closing at 23992.50. The weekly trend (50 SMA) is positive, and the daily trend (50 SMA) is now sideways.
Support Levels:
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (30m): 24266 - 24348
Far Supply/Resistance Zone (30m): 24686 - 24745
Far Supply/Resistance Zone (75m): 24754 - 24835
Note: As of writing this, GIFTNIFTY is trading 280 points positive, indicating we might see a gap-up opening, and the near 30m Supply zone may get violated.
NIFTY : the wild guesscmp :24000
my predictions for market for next few quaters.
its a meme/joke kinda wild guess or gut feeling i m having based on my exp and no there is no logical explanation for this madness i drew .
i hope u take it with no seriousness(unless it happens perfectly then u need to call me rainmaker ).
stay away from banks, they are fragile and smallcap
keep money for black swan event and when in doubt stay out .
better to hold money than lose it.
cya people in 4 months.
Nifty View 06-08-2024NSE:NIFTY
Nifty has rebounded from 23,890 to 24,350, a gain of approximately 450 points.
However, upon applying the Fibonacci retracement from 25,078 to 23,893, we observe that the 0.38 Fibonacci level coincides with the 24,350 zone.
Notably, Nifty encountered selling pressure once again at this level.
The market is currently experiencing significant selling pressure and a general sense of weakness.
At present, there are two potential outcomes.
1.
If Nifty decisively close below the 23890 zone, we can anticipate a potential decline towards the 23200 level in the near future.
2.
In the event that the Nifty holds the 23890 zone and establishes a double bottom formation, there is a possibility of a market reversal or a range-bound movement between the 24400 and 23900 zones.
Always respect SL & position sizing
===================
Trade Secrets By Pratik
===================
Disclaimer
Not SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any
decisions
you take on basis of our research
Nifty Intraday Levels | 6-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 Levels 5-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 and Resistance Levels -06/08/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24300 level and then possible upside rally up to 24420 level in today's session. in case nifty trades below 24250 level then the downside target can go up to the 24130 level.