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Niftytomorrow

Simple Trade Setup | NIFTY | 08-05-2023 [INTRADAY]NSE:NIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 08-05-2023 Most of all the levels and zones remains same as per previous. 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.
NSE:NIFTY
by Trading_hawk
Simple Trade Setup | NIFTY | 02-05-2023 [INTRADAY]Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 02-05-2023 Most of all the levels and zones remains same as per previous. 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. NSE:NIFTY
NSE:NIFTY
by Trading_hawk
Simple Trade Setup | NIFTY | 28-04-2023 [INTRADAY]NSE:NIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 28-04-2023 Most of all the levels and zones remains same as per previous. 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.
NSE:NIFTY
by Trading_hawk
Nifty 50 Trading view for 24 APR 2023Nifty 50 rose quickly close to 1000 points over the past few weeks without any retracement until Thursday and Friday which showed some profit booking and long unwinding. This was expected as the resistance was quickly breached without retracement. Monday trade and the week are expected to be range bound between 17800 on the upper side and 17500 on the lower side. If either of these levels is breached, it can offer buy/sell opportunities. Short-Term Levels: Resistance: 1.62 CR Call OI buildup @ 17700 level (STRONG RESISTANCE AT 17700 LEVEL). Support: 0.84 CR Put OI buildup @ 17600 level. 17600 seems to be a crucial level (make or break level) Longterm levels: Strong resistance at 18500 levels (1.25 CR Call OI Buildup). There is also strong support build-up at 17000 levels (0.94 CR Put OI buildup) It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. Interestingly though VIX closed lower the index dropped, which calls us to watch VIX closely for further trades. Overall sentiment seems slightly bullish, but it's important for the index to retain its position above 17600 levels to regain strength in the index. Also, the candle stick pattern shows weakness from the buying side over the past week. Do trade in limited quantities with strict stop loss or hedging options. Wait for the aforementioned levels for pure positional trades. Possible Trading Levels: Important levels to keep in mind: 17800 on the upside and 17500 on the downside. Breach of any of these levels will further encourage positional trades. UPSIDE TRADE: Buy only above 17650 >>>>> Buy ITM 17600 CE. (TGT 17710 | SL 17600) - Risky traders can TGT 17750 DOWNSIDE TRADE: Sell only below 17600 >>>>> Buy ITM 17650 PE (TGT 17550 | SL 17650) - Risky traders can TGT 17520. Things to account for 24 April Thursday 2023 (Weekly Expiry): 1. Reliance results. This is expected to be positive news and can really impact trading on 24th APR. Yet to see how RNEL merger news might impact further during trading. 2. ICICI Bank Q4 Result was declared on the 22nd and standalone Profit jumped 30%. BSE closed 0.8% lower on Friday before the result announcement. This being positive news, stock can expect some buy on Monday. 3. Indusind Bank will declare results expected to be declared on the 24th. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTY
by SunilA75
2
#Nifty"Today, April 20th, the global market indicates a slightly positive start, but the market nature is moderately bearish. It may begin with a gap-up, but if it takes a pullback, we can initially expect minor stocks only. If it sustains the pullback, the trend will continue, or if it rejects around a major key level, we can expect a correction. On the other hand, if the initial market declines, we can expect the 5th sub-wave of a diagonal. If the decline takes a sharp and long turn, it is a sign of correction continuation."
NSE:NIFTY
by Manickamtraders
2
#Nifty"On the trading day of April 18th, the global market is indicating a slightly negative start, and the market sentiment is moderately bullish. Structurally, there is a lower probability for a big rally, but if the market initially shows a strong pullback, we can consider that the pullback will turn into a rally continuation. However, the immediate upside key level will be a potential rejection point. On the other hand, if there is an initial decline, we can expect a correction."
NSE:NIFTY
by Manickamtraders
Weekly Expiry - Nifty 50 - Trading Strategy 13 APR 2023Great Rally today in both Nifty and Bank Nifty. Nifty 50 has quickly covered the psychological barrier of the 17800 level which is crucial for 18000+ levels. Resistance: 1.32 CR Call OI buildup @ 18000 level. followed by 91.4 L Call OI buildup @ 17900 level. (STRONG RESISTANCE AT 18000 LEVEL). Support: 1.06 CR Put OI buildup @ 17700 level. followed by 1.05 L Put OI buildup @ 17600 level. It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. VIX as of today has ended lower, which confirms the positive direction of the market. Also, the candle stick pattern with a higher High and Higher Low plus a GREEN candle with a bottom shadow signals further upside tomorrow. It is better to trade in limited quantities with strict stop loss or hedging options though the market seems bullish and FIIs have been buyers in the past sessions. Possible Trading Levels: UPSIDE TRADE: Buy only above 17850 >>>>> Buy ITM 17800 CE. (TGT 17900 | SL 17800) DOWNSIDE TRADE: Sell only below 17800 >>>>> Buy ATM 17850 PE (TGT 17750 | SL 17850) - Risky traders can TGT 17730. Things to account for 13 April Thursday 2023 (Weekly Expiry): 1. India's Inflation rate is 5.66% YoY vs 6.44% YoY last year. This is positive news. 2. US inflation rate is 5% vs 6% last year. This will bring great relief as FED inflationary measures of the rate hikes will be possibly curtailed. This is again positive news for the economy and markets. 3. TCS Q4 Results declared and Profit jumps 15% YoY. A dividend declared of 24 per share. Positive News. 4. Weekly Expiry Day for Nifty and Bank Nifty. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTYLong
by SunilA75
#Nifty"Trading day, April 13th: The global market is indicating a neutral to slightly negative start, with a moderately bullish market nature. It may begin with a neutral sentiment similar to yesterday's structure. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. However, if the pullback occurs slowly and consolidates, it could indicate distribution and a correction may be expected when it rejects the major resistance zone. Conversely, if the initial market declines sharply, a correctional wave is likely, and the market should 38% fib level. If the market breaks 38%, we can expect a minimum of 78% to the extension level of 1.27. On the other hand, if the decline doesn't break 38%, it could be a sign of a range market and a continuation of the rally."
NSE:NIFTY
by Manickamtraders
Nifty 50 @ 17700 - Make or Break level? READ to know MORE.... Today's Rally was due to buying in Auto, Banks and metal stocks. Also FIIs bought 343 Cr while DII dumped 264 Cr, though the net was positive (79Cr.) Nifty 50 has reached a crucial level 17722. There is a tough fight between bulls and bears at this level to mark their dominance. Total Call OI: 6.66CR Total Put OI: 6.55CR Bulls are relatively a little strong, but the difference is not much. 17700 strike following are the Call OI and Put OI. Total Call OI: 91.85CR Total Put OI: 1.14CR It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. VIX as of today has ended lower, which confirms the positive direction of the market. Also, the candle stick pattern with a higher High and Higher Low plus a small body with a long bottom shadow signals a positive opening with an up-move. But as I mentioned, the market is still at a crucial juncture, and better to trade with limited quantities with strict stop loss or hedging options, until the levels are established clearly for further trades. Possible Trading Levels: UPSIDE TRADE: Buy only above 17750 >>>>> Buy ITM 17700 CE. (TGT 17800 | SL 17680) DOWNSIDE TRADE: Sell only below 17700 >>>>> Buy ATM 17700 PE (TGT 17650 | SL 17740) - Risky traders can TGT 17600. Things to account for 13 APR 2023: 1. HDFC Bank: The country's largest private sector lender has proposed to raise funds worth Rs 50,000 crore via bonds over the next 12 months through private placement. The board will consider the said proposal on April 15. This is after SBI recently announced raising funds via bonds. This means more cash flow for banks in the coming days, whereby lending activities will be intensified. This can be positive news for the stock and Bank Nifty. 2. The upcoming CPI inflation data is expected on Wednesday to be @6% which is the upper tolerance level for RBI. This will be positive news if it remains up to 6%. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTYLong
by SunilA75