#NIFTY Intraday Support and Resistance Levels - 30/08/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19360 level and then possible upside rally up to 19480 in today's session. in case nifty trades below 19340 level then the downside target can go up to the 19220 level.
Niftytechnicals
nifty 50 Weekly overview from 16 Jan to 21-01.2023 full bullish Weekly Analysis 16-21 Jan 2023
Trend will be Bullish (80% Chance)
Reasons & Knowledge applied
1. uptrend Confirmation
with Volume Support
2. Type 2 Strategy of Uptrend
3. Price is Above on Fib 50% Level
Major Week Support 17900 & 17760
Major Week Resistance 18140 & 18390
above 17880 full bullish
before entry just check Volume
should be high from prev candle 15min
Below 17760 full Bearish just check
volume confirmation like above
Educational Only Support
For Intraday use 5,15 Min Time Frame
for BTST Swing 30& 1Hr Time Frame
Note For Intraday use VWap indicator above vwap buy only after retracement eg assume vwap line in on 17880 and nifty is trading something around 17920 so this mean price is all ready above vwap line mean trend is up but we can't enter directly at 17920 because you guys already knows that price travel in swings zig zag patter so we will wait the price to down near about vwap line. then we find reversal pattern near at vwap line (reversal pattern bullish pattern with volume confirmation eg bullish engulfing pattern etc) then we should trade for uptrend . its opposite is true for downtrend.
Before Entry check basic of uptrend like higher high and higher low, for down trend low and lower highs. as you know in lower time frame trend may be change instantly,
i will publish more ideas in future if you guys support me.
Advice : if you are beginner with just around 1 year experience in market then do practice of uptrend and downtrend basics on live market without put your hard earned money. have a good day
Nifty Trade Setup for 25 JULY 2022Nifty Trade Setup for 25 JULY 2022
Nifty Expected to open with in previous session range with a gap down around Bearish Break out Zone/S1.
If S1 is compromised we can anticipate Nifty to Test out T1/ T2 levels.
Any support at S1 we can anticipate Nifty to trade in a range and might test the CPR.
Any reversal from CPR we can anticipate Nifty to test the S1 & may be even lower levels.
If CPR is taken on upside we can anticipate PDH.
Nifty Trade setup for 15 JUL 2022Nifty Trade setup for 15 JUL 2022
Nifty expected to open flat to small gap down.
Immediate resistance for Nifty is the CPR, in case any support at CPR we can possibly expect Nifty to teste out Bearish Reversal & R1.
There is a quite a resistance for Nifty around R1 & Bearish Reversal Zones, any rejection triggers from these zones is a selling opportunity for the lower targets as marked on the charts.
In case4 of S1 getting compromised we can see more selling pressure or else it would be trading in yesterday's price range.
Nifty & Bank Nifty Trade Setup for 15 JULY 2022Both Nifty & Bank Nifty is bearishly aligned for the day.
Expecting a flat to small gap down opening in case of both the indices .
CPR should act as a strong resistance for today.
Any resistance from CPR / R1 can expect a selling opportunity today for the targets lower as marked on the charts.
In case S1 getting compromised we can expect some trending moves on the lower side or else expect to trade in yesterday range .
Nifty Trade Setup for 05 JULY 2022Nifty Trade Setup for 05 JULY 2022
Nifty expected to open flat to small gap down opening.
Nifty is bullishly aligned for the day and we have a strong support at Bullish Reversal Zone of 15783. Expecting the market to be trading in a previous session range if PDH is not taken on the upside.
Buy Opportunity :
We have Buyers seated around Bullish Reversal Zone & at S1 Supports today. In case of any support confirmation around these levels we can expect Nifty to rally to test sellers presence at Bearish Reversal & R1 Resistance.
Any Breakout of R1 & Bullish BO we can expect Higher targets as indicated by the indicator.
Sell Opportunity :
We have sellers presence around Bearish Reversal / R1 today and any rejection from these zones we can expect a pull back to PDH & then Bullish reversal.
Nifty Weekly Analysis for 27 JUN to 01 JUL 2022Nifty Weekly Analysis for 27 JUN - 01 JUL 2022
Nifty is bullishly aligned for the week.
First day of the week, we are expecting a gap up opening in Nifty around R1 resistance level (15900).
Buying Opportunity :
In case if R1 is taken on the upside and sustains we can expect Nifty test out Bullish Breakout zone and also possible Target 1 & Target 2 for the week.
Selling Opportunity :
16000 level is the key level to watch out, any resistance at Bullish Breakout & R1 getting compromised we can look for shorting opportunity.
Any resistance at T2 we can expect Nifty to be in the range for rest of week may be again test out 16000 & then pull back.
Nifty Trade setup for 06 MAY 2022Nifty Trade setup for 06 MAY 2022
Nifty formed a inside day bar on daily time frame closing around previous day low.
We can expect some good break out move tomorrow in case if the previous day low is getting compromised.
The CPR is bearishly aligned for tomorrow.
GAP UP Opening :
In case of Gap up opening, 16763 should act as a strong resistance, any resistance around these we can expect Nifty to again test previous day low & further lower targets.
GAP Down Opening :
In case of Gap down opening below PDL, we can expect first support around 16575 & that getting compromised we can expect 16500 & 16400 levels.
Flat Opening:
In case of flat opening, we will wait for rejection from PDL & go short or a support at Previous day low we can go for quick scalp to CPR.
Nifty Trade setup for 27 APR 2022Nifty Trade setup for 27 APR 2022
Nifty closed on a very positive note but due to Dow Jones correcting we are expecting nifty to open around 16860 levels which is also our weekly support.
In case if 19860 support is taken out with resistance confirmation we can anticipate 16750-16700 levels where we can anticipate a possible buying interest.
On the upside 16970 is a good resistance to watch out , a break out above this we can anticipate 17100-17150 levels.
nifty current scenarioNifty View:- In recent times Nifty has completed the target of the H&S pattern of minor trend and going to make another H&S pattern of a major trend. This pattern could be a trend continuation or a reversal pattern if it completes it will complete the target and could be reversed from here. In another scenario, Nifty can complete broadening top formation then reversed from here and about to make another trend.
Disclaimer:- This analysis is for education purposes only. I may be wrong. Trade is not recommended.
Nifty Trade Setup for 22 MAR 2022Nifty is bearish aligned for the day. Lot of resistance on the upside as marked on the charts. Breakout of R1 is Nifty is a safe bet to go long.
Any resistance from CPR or break out Previous day low is a good shorting opportunity in Nifty today for possible lower targets as marked.
Nifty Trade Setup for 11 FEB 2022Nifty Trade Setup for 11 FEB 2022
Global markets looks bit weaker in the last trading session and Nifty expected to open around S1 support level 17475.
In case if S1 Support holds good during the initial balance and sustains above 17500, then we can expect to test CPR & then PDH.
In case of S1 getting compromised we can expect Target 1 & Target 2.
Nifty Trade Plan for 10 FEB 2022Nifty Trade Plan for 10 FEB 2022
Nifty as expected after the bullish closing yesterday, is opening with a gap around R1 Resistance & Bullish BO of 17515 - 15540.
In Case Bullish BO 17540 taken on the upside we can expect higher targets of T1 & T2.
Any resistance from R1, we can expect Nifty to test PDC & CPR today.
Nifty Trade Setup for 09 FEB 2022Nifty Trade Setup for 09 FEB 2022
Nifty expected to with a small gap up around 17300
Any pull back to CPR & support confirmed we can possibly go long with an anticipated target of 17340 and then 17411.
If Bullish Break out of 17411 is taken on upside we can anticipate T1 & T2 targets.
Nifty Trade Setup for 08 FEB 2022Nifty Trade Setup for 08 FEB 2022
Nifty expected to open flat to small gap up opening.
Expected Nifty to be in a range today.
In case if 17330 levels is taken on upside and sustained we can expect Nifty to test 17460 levels.
In case of resistance from CPR or previous closing price getting compromised we can again short Nifty for PDL and then look for Bearish Break out zone.
Nifty Trade Plan for 02 FEB 2022Nifty Trade Plan for 02 FEB 2022
Nifty expect to have a gap up around 17700 levels opening as global parameters looks positive.
On opening if it manages to close above R1 then we can expect 17800 and Bullish Break out sustains we can even expect T1 & T2 levels today.
In case of resistance from R1, then we can expect it test previous day close support.
Nifty Trade Plan for 01 FEB 2022Nifty Trade Plan for 01 FEB 2022
Expect Nifty to have a gap up opening around 17500 levels which is a good
resistance.
In case if that sustains we can anticipate 17600 resistance zone as plotted.
After such a gap up opening, going long need to extra cautious, Any resistance formed around these with confirmation from momentum trigger we can possible short with Current day high as SL & expect to again test 17300 levels again.
Post afternoon again we might again see a up move.
I would prefer to trade with small position size today as movements can be very volatile.
Nifty Trade Plan for 31 JAN 2022Nifty Trade Plan for 31 JAN 2022
Expect Nifty to open gap up around the upper CPR Band.
Expect market to be volatile ahead of the budget hence need to trade with more caution and reduced position sizing.
For safe trade i would wait for first 15 min to watch out if R1 Resistance is taken to confirm bullishness and initiate a long on break out of 15 min high to Target 1 / Target 2.
Any resistance confirmation around R1 or Target 2, we can possibly look for Shorting opportunity with target of CPR / Previous day closing.
Simple Trade Setup | NIFTY | 31-01-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1 day time frame, it faced resistance from 100EMA.
100EMA is immediate major resistance. it is placed at 17346.30.
Please refer below chart : 1day Time Frame.
2) Also On 1 day time frame, it closed in channel. And made a bearish candle closing below the middle trendline of channel.
Please refer below chart : 1 day Time Frame.
3) On 15min time frame, it looks like it may form an inverse head and shoulder pattern. If it completes this pattern formation and give breakout of it then we may see a good upmove.
But if it failed and gives breakdown of 16800 then we can see a good down fall.
Please refer below chart : 15 min Time Frame.
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Trade Setup for 31-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty Trade Plan for 27 JAN 2022Nifty Trade Plan for 27 JAN 2022
Nifty likely to open gap down around 16900 levels today.
16900 seems to be a good support, Initial opening range sustains above this 16900 levels then we can expect market to slowly move and test out 17300-17400 levels.
I would prefer to go short only if PDL is compromised today.
Option selling should be preferred today as CPR is also quite wide today and expect a range bound market.
Nifty Trade Setup for 25 JAN 2022Nifty Trade Setup for 25 JAN 2022
Nifty expected to trading in a range. Expect a small gap down opening around PDL.
If PDL is sustained and managed to sustain 17000 levels on opening few minutes, then we can expect Nifty to test CPR again. If CPR is taken on upside we can expect R1 getting tested.
In case PDL is compromised we can expect lower targets.
Nifty Trade Setup for 17 JAN 2022Nifty Trade Setup for 17 JAN 2022
Nifty likely to open gap down around 18200 levels.
18200 looks to be strong resistance and 18140/ 18000 looks to be strong support for today.
In case if Nifty CPR is compromised today on lower side we can expect possible test of S1 (18154) Support and if that is compromised PDL (18120) likely to get tested.
Expecting to be a range bound market today.
Nifty Trade Plan for 13 JAN 2022Nifty Trade Plan for 13 JAN 2022
Nifty bullish streak is still on, expect a gap up opening around 18350 levels.
Open opening if 18345 sustains, we will go for long with a small SL below the zone what is marked.
I will look for shorting opportunity if i find any rejection at the above zone and we can expect Nifty to test out 17200 zone again.