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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Niftyprediction
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.
Nifty Intraday Levels | 19-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 19th.Good morning, friends! 🌞 Here are the directions and levels for August 19th.
Market Overview
Global markets have a bullish sentiment, while our local market shows a moderately bullish sentiment. So, today the market may open with a gap-up start, as the SGX Nifty indicates a positive 80-point move as of 8:00 AM.
Nifty and Bank Nifty share the same sentiment today, so let’s look at that.
In the previous session, Nifty had a solid pullback, so structurally, we can expect a bit more continuation. However, since the SGX Nifty has already accounted for those points with a gap-up start, if the initial market declines or faces rejection around the resistance level (61%), then we can expect a minimum retracement of 23% to 38%. After that, if it finds support, the bullish bias is likely to continue. However, if it breaks the 38% level, it may fall further to the 61% level on the downside.
>> (If you can understand this point, use it; otherwise, please avoid it—it’s not a big deal.
I stopped at the 61% level because I mentioned the proper Fibonacci swing in the weekly analysis. Mostly, if it breaks 38% , then it will respect the overall 38% Fibonacci level. If I had made a video, it would be easier to understand, but I didn’t. So Simply , if today’s market breaks the 38% level in the minor swing, then go and read the weekly Nifty post. That might help you understand where to take the proper Fibonacci levels.)
Alternatively, if the market sustains or breaks the 61% resistance level, then the rally will likely continue to the 24,713 level, which is a kind of resistance. As per the structure, this will act as a minor resistance.
Nifty Intraday Support & Resistance Levels for 19.08.2024On Friday, Nifty opened with a gap up and remained bullish throughout the day, closing at 24541.15 with a gain of 397 points. Keep a close watch on the 61.8% Fibonacci retracement level at 24625, as Nifty may face resistance there. A strong breakout above this level with volume could lead to a rally towards the 75m Supply zone starting at 24755. The weekly trend (50 SMA) is positive, while the daily trend (50 SMA) remains sideways.
Support Levels:
Near Demand/Support Zone (30m): 24389 - 24443
Far Demand/Support Zone (15m): 24204 - 24275
Near Demand/Support Zone (75m) for Weekly Trade: 23960 - 24077
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Resistance Level: 24625 (61.8% FIBO Retracement)
Near Supply/Resistance Zone (75m): 24754 - 24835
Far Supply/Resistance Zone (125m): 24956 - 25031
Short Term Swing Trading Idea in HPL Electric for > 20% UpsideHi,
NSE:HPL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.