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Niftytradesetup

Nifty showed Expiry Day momentum towards the end of session Nifty remained extreme volatile throughout the session after opening on a positive note today The INDIA VIX today made the High around 21 A Small body Bullish candle is formed on daily chart with long lower wick. The imp upside hurdle is placed around 22500 whereas downside support is around 22200 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility during the last phase of elections Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:NIFTYLong
by Himanu_HATradeTalk1
NIFTY Intraday Trade Setup For 17 May 2024NIFTY Intraday Trade Setup For 17 May 2024 Bullish-Above 22450 Invalid-Below 22400 T- 22675 N-ATH Bearish- Below 22240 Invalid-Above 22290 T- 22050 21800 NIFTY has closed on a bold bullish note with 0.92% gain today. It was moving randomly but last leg move established and closed on a bold bullish note. Index has formed a long wick rejection candle like 13 May. So will simply trade the current trend and sentiment in power. Above today's high on a flat opening we will get get the best trade. Look like Index is all set for a fresh ATH. 22240 will act as a support zone but below this will short. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22675. For selling we need a 15 Min candle close below 22240. T- 22050. 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.
NSE:NIFTY
by Omahto
NIFTY Prediction for today 16 May 24Nifty has already given the breakout. right now it's in the consolidation phase of WAVE 1. If we look at the chart now: Market is in sideways zone in range: 22098-22293 Important Levels: Support zones: 21811 , 21944, 22098 Resistance: 22544, 22763 If we look at OI data: PCR = 0.73, shows neutral structure. as it's expiry market is highly probable to end sideways in the provided range. if we got the momentum it is likely to be bullish. 22200 is going to provide maxPain. If we look the FII and DII data it is more of indecisive. Verdict: Sideways in range Bullish if breaks the range 22293 to upside.
NSE:NIFTYLong
by finnova_
#Nifty directions and levels for May 16th.Good morning, friends! 🌺🍬 Here are the directions for May 16th: The global market is indicating a bullish sentiment based on the Dow Jones, while our local market sentiment suggests a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +120 points. Nifty minorly retraced after the gap-up start in the previous trading session. Structurally, we have two options. The first one is the GiftNifty indication of a gap-up start, so if the gap-up sustains and breaks the level of 22337, we can expect further rally continuation. In this scenario, if it forms a solid green candle structure, then we can expect a sharp rally followed by a range breakout. Otherwise, it may go into a diagonal pattern structure (consolidation pattern). Alternatively, if the market rejects around the immediate resistance level, initially we can expect a 23 to 38% minor retracement. If it finds support there, it may undergo some consolidation for rally continuation. This means if it doesn’t break the minor Fibonacci level of 38%, then the market will maintain the bullish bias. on the other hand if it breaks the minor Fibonacci level of 38%. then we can expect a minimum correction of 78% to the next level of 1.27%. Structurally, it could be in a flat variation. After that correction, if the market finds support at the 1.27 extension level, then it may turn into a bullish bias.
NSE:NIFTY
by Manickamtraders
1
15 May 2024–Nifty gets a mild rejection at 22295, stance neutralNifty Analysis - Stance Neutral ➡️ Recap from yesterday: "I am hard-guessing it should be a short covering. The moment we get past 22295, we will be forced to go long." The open was good and we started climbing quickly but at 22295 levels we got our first rejection. Four strong red candles between 09.51 and 10.27 brought N50 down by almost 143 points. If 22295 was breached, we would have changed our stance from neutral to bullish. The good thing for the bulls was the fall ended at 10.27, for the remainder of the day we went into a small range bound trade. The final close was flat at -0.08%. On the higher timeframe, we need to take out the resistance pretty quickly otherwise this pullback will start forming a lower high. A lower low, lower high formation is a bearish pattern and that would also mean the next leg of the down move will be more aggressive. At present we prefer to stay neutral till we get more clarity. The algos made a profit of 15750 INR, MTM was into a loss earlier on, but after 11am things started improving.
NSE:NIFTY
by viswaram
Nifty for 16/05/2024Nifty is in uptrend channel from last few sessions, now Nifty is taking support of the channel and forming symmetrical triangle pattern too, Nifty was moving in range of 22233-22164 in last session, if tommorow Nifty breaks this range either upside or downside, then we can expect big move. Here are some levels for your information. I am not SEBI registered analyst, this is my personal view only for educational purpose, I am not responsible for any profit or loss.
NSE:NIFTY
by bornforseain1984
NIFTY Intraday Trade Setup For 16 May 2024NIFTY Intraday Trade Setup For 16 May 2024 Bullish-Above 22300 Invalid-Below 22250 T- 22478 22675 Bearish-Below 22150 Invalid-Above 22200 T- 21965 21800 NIFTY has closed on an absolute flat note today. Since last two days index was strongly bullish. And as per simple market phases, index turns sideways after a parabolic move so has happened today. Index traded in a tight range. 22300 and 22150 is the range for tomorrow, we will simply trade this range breakout. Best trade will be on opening inside this range. Both side momentum will be good so will have neutral view. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22300 then we will long for the target of 22478 and 22674. For selling we need a 15 Min candle close below 22150. T- 21965 and 21800. 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.
NSE:NIFTY
by Omahto
Nifty witnesed Range Bound to Volatile session on May 15After morning correction, Nifty oscillated in small Range around 22200 zone Today also sectorial trend was mixed A Nuetral candlestick formed on Daily TF NIfty has weekly expiry on thursday , The upside hurldle is placed around 22320 zone, The important downside support is near 22k zone Wait for Price to decisively sustain outside prev day's range. Market may show volatilty during the last phase of elections *For Educational Purpose Learn & Practice Price Action Setups
NSE:NIFTY
by Himanu_HATradeTalk1
Nifty Institutional levels | Intraday 15-May-2024 Disclaimer:- The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of the individual. We strongly recommend consulting with a qualified financial advisor or professional before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we disclaim any liability for any loss or damage arising from reliance on the information provided. Users are solely responsible for their own investment decisions and actions and off course we are not SEBI registered.
NSE:NIFTY1!
by ReviveTraders
#Nifty directions and levels for May 15th.Good morning, friends! 🌺🍬 Here are the directions for May 15th: There have been no changes in the global and our local markets. The global market still maintains a moderately bullish sentiment (based on the Dow Jones), while our local market sentiment also indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +50. Nifty continued its rally in the previous session and broke a Fibonacci level of 38%. Even if it breaks this 38% level, the structure has a diagonal formation indicating a distribution pattern. Therefore, if the gap-up doesn’t sustain and there is a sharp decline, the market may retrace a minimum of 38% to 61%. after that If it consolidates around the support level of 61%, the correction will continue if it breaks the previous low. On the other hand, if it finds support around the 61% Fibonacci level, we can expect a bounce back that may reach the day’s opening price level. An alternate scenario suggests that if the gap-up sustains and breaks the 50% Fibonacci level, it may continue the pullback in a diagonal structure. However, if the opening market has a solid structure, we can expect a sharp rally.
NSE:NIFTY
by Manickamtraders
14 May 2024–Nifty gets steam, is it short covering or fresh longNifty Analysis - Stance Neutral ➡️ Recap from yesterday: "The recovery was more than fast and furious, it even took out the 22051 resistance level. This nudged me to change the stance from bearish to neutral just for tomorrow." Nifty started the day inline and then started climbing almost steadily. There were no visible drops, pullbacks, or attempts by the Bears to push down the prices. The decision to change the stance from bearish to neutral yesterday paid off. At this point, I am not quite sure if it's the short covering or build-up of new long positions that is taking the markets higher. I am hard-guessing it should be a short covering. The moment we get past 22295, we will be forced to go long. On the higher time frame, N50 has held on to the 21913 pretty strongly reinforcing the IH&S pattern (earlier). This could be read along with the new double bottom (W pattern) that is forming which shows the strength of the support level. Nifty Algos ended the day with gains of 5625 INR
NSE:NIFTY
by viswaram
Nifty witnessed rebound for 2nd straight Day Nifty continued with its monday gains, The slowly moved higher in today's session However Sectorial trend was mixed Next hurdle is placed around 22300 zone, The important downside support is near 22000 level The index can show diorectional movement outside the range of 22k to 22300 in coming sessions Market may also show both sides movement during the Polling season. Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:NIFTY
by Himanu_HATradeTalk1
NIFTY Intraday Trade Setup For 15 May 2024NIFTY Intraday Trade Setup For 15 May 2024 Bullish-Above 22280 Invalid-Below 22230 T- 22500 Bearish-Below 22080 Invalid-Above 22130 T- 21800 NIFTY has closed on a bullish note with 0.51% gain today. Unlike BANKNIFTY it was trendy after 11 o'clock. Buy triggered as per trade setup above 22150 and gave a move till 22270, however target was not achieved. On a flat opening there can be another good trendy day above 22270. 22370 looks as an confluence zone in case of a gap up. Currently bulls have overpowered so will maintain a bullish view. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22280 then we will long for the target of 22500. For selling we need a 15 Min candle close below 22080. T- 21800. 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.
NSE:NIFTY
by Omahto
Nifty Institutional levels | Intraday 14-May-2024Soon i will give update on how to use this IT levels in Options Trading. Disclaimer:- The information provided by our advisory service is for educational and informational purposes only. We do not provide investment, financial, or legal advice. Trading and investing involve risks, and past performance is not indicative of future results. Any decision to engage in trading or investment activities is at the sole discretion and risk of the individual. We strongly recommend consulting with a qualified financial advisor or professional before making any investment decisions. We do not guarantee the accuracy, completeness, or reliability of any information provided, and we disclaim any liability for any loss or damage arising from reliance on the information provided. Users are solely responsible for their own investment decisions and actions and off course we are not SEBI registered.
NSE:NIFTY1!
by ReviveTraders