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Niftytradesetup

Nifty || levels and zones NSE:NIFTY 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 zones. 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 Intraday Trade Setup For 2024NIFTY Intraday Trade Setup For 2024 Bullish-Above 22500 Invalid-Below 22450 T- 22675 22850 Bearish- Below 22350 Invalid-Above 22400 T- 22170 21980 NIFTY has closed on a bullish note with 0.53% gain today. After 3 days of decline move it gave a slight good move in today's session. Now it has given a fresh breakout after consolidating so above 22500 it will test 22850 as per ABCD pattern. 1st minor intraday resistance will be 22675 and 22850 being a strong one. Best trade will be on flat opening and sustaining above 22500. 22350 is a deciding zone , break of which will lead to an intraday fall. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22500 then we will long for the target of 22675 and 22850. For selling we need a 15 Min candle close below 22350. T- 22170 and 21980. 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 tomorrow 07 MAR 24As we discussed, NIFTY's sideways behavior touched the fib 0.38 level and came back to trading again at the resistance. If we look at the chart now: The market is trading at the resistance right now. This might force it to consolidate for tomorrow as its expiry for nifty on 7th Mar. market might expire in the marked region. If we look at the OI data: PCR = 1.0 indicates market bullish sentiments. 22500 has huge CE writing, which will provide huge resistance. On the lower side, each level 22400, 22300, and 22200 also has multiple support points. I am expecting a sideways market tomorrow because of trading at resistance and expiry day. Reasons: Price > EMA indicates the bullish nature of the market. but price >> ema(200) shows market need some reversion. RSI > 60 indicates bulls are having strength right now. PCR = 1.34 shows bullishness; also, OI data shows multiple-level support in the option chain. Nifty is trading at a resistance trendline and might get resistance. But as it has been touched multiple times, there is also a probability that it might get broken this time. Verdict: Sideways or Bullish Plan of action: Case 1: Sideways -> IRON CONDOR in range 22450 - 22550. Case 2: Bullish -> Sell 22450 PE (Hedge it with 20rs PE)
NSE:NIFTY
by finnova_
5
#Nifty directions and levels for March 6th."Good morning, friends! Here are the directions for March 6th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -12 point. Nifty has a range-bound structure, so if the market opens neutrally, we can expect further range continuation. However, a directional move is anticipated only if it breaks the range either upside or downside.
NSE:NIFTY
by Manickamtraders
Nifty levels and zone [intraday]NSE:NIFTY 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 zones. 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
FASP levels for Nifty 06/03/2024The FASP for Nifty is listed for 06-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
FASP levels for Nifty 05/03/2024The FASP for Nifty is listed for 05-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
#Nifty directions and levels for March 5thGood morning, friends! Here are the directions for March 5th: there have been no significant changes. The global market trend remains moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -20 point. Nifty consolidated in the last session. Structurally, it may be the 4th correctional wave, as the 4th wave typically involves a little bit of long consolidation. So, according to the structure, we could expect the rally only if it breaks the supply zone effectively. The upcoming 5th wave is a distribution wave, and it's also difficult to trade. We should concentrate on the breakout structure; if it has a solid structure, it might take some extension, or if it breaks with minor consolidation (less volume), then it may form a diagonal type. Alternatively, if the market declines, then we can expect a minor correction initially. After that, if it finds support around 23 or 38%, we can expect further consolidation for an upside breakout. However, if it doesn't take support, then the correction will likely continue.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 5 Mar 2024NIFTY Intraday Trade Setup For 5 Mar 2024 Bullish-Above 22450 Invalid-Below 22400 T- 22655 22840 Bearish-Below 22350 Invalid-Above 22400 T- 22190 21980 NIFTY has closed almost on a flat note today with minor gain of 0.12% today. Nothing triggered as per trade setup and was a complete sideways day within less than 90 points range for the whole day. It has formed a indecision candle, spinning top in daily TF. We will simply trade above and below this tight range. 22450 and 22350 is the range to be looked for breakout. 22190 will be an intraday support zone as per half bat pattern. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22655 and 22840. For selling we need a 15 Min candle close below 22350. T- 22190 and 21980. 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
04 Mar ’24 N50, Perfect Flat day, straddlers fallen asleep todayNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “The odd man out today was NiftyIT, which did not want to participate in the rally and instead went the other way. It ended the day with a loss of 204 points.” 4mts chart NiftyIT again shows its rebel attitude today, on a flattish day - NiftyIT losses 291 points ~ 0.77%. I am not suggesting that a stronger IT would have helped Nifty50 scale new heights today, just that the negative bias did not fit well with the other counters. Nifty and BankNifty had a perfectly flattish day today - a dream come true for the straddlers. Not conceding ground is still Bullish as the Bears are running out of fuel. Despite FIIs selling today - it really did not make a difference on the main indices. On the higher timeframe, we have formed an island (Mar 2nd + today’s price action). On 2nd March we had the special session on which Nifty hit a new ATH of 22463. We did not take that out today, but the flattish stance bodes well with the Bullish narrative. Our stance continues to be bullish and the first support level would be 22295. It is a shallow support and not quite relevant for a stance change, but the momentum is what really matters. Since we do not have a resistance, the markets could go up to any extent and personally, I am not in favor of shorting even 22700 or 22800 as a single stride could wipe us out. 63mts chart
NSE:NIFTYLong
by viswaram
Nifty50 Support And Resistance 5-Mar-24Please find below simple resistance and support: Resistance: 22440 If crossed up then will see upward move as follows: T1: 22581 T2: 22669 Support: 22350 If crossed down then will see downward move as follows: T1: 22229 T2: 22142 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
NIFTY Prediction for tomorrow 5th MarAs we discussed yesterday, NIFTY has been taking resistance at the resistance trendline and resulted sideways. If we look at the chart now: The market is trading at the Resistance trendline. The market has been in a range bound in (22350-22470). Also price >> EMA(200) (TF = 30 min) and EMA(13) >> EMA(200). This indicates that the market needs some correction or consolidation at this point. If we look at the OI data: PCR = 1.26 indicates the bullish nature of the market. There has been huge activity at 22400. NIFTY has equally distributed PE and CE writing on both sides. But at lower levels, the market has huge support at 22200 and 22000. I am expecting 2 cases in the market, which have been marked in the chart. Case 1: Support is at 22370, and resistance is at trendline. Case 2: retracement till fib 0.38 level. (22220) Reasons: Price > EMAs show bullish sentiments. (Bullish) Price >> EMA(200) and EMA(13) >> EMA(200) market might get some correction till 22200. RSI ~ 63 (falling) shows weakness in bulls. PCR = 1.25 shows bullish signal whereas combined week expiry shows PCR = 0.90 weekness in bulls for upcoming week. (sideways) Price <= VWAP shows that the market price is balanced and can go either side. (Indecisive) Verdict: Sideways or Bullish Plan of action: Case 1: Iron condor in range 22300-22450. Case 2 : Sell 22450 CE (Hedge is with 20 rs CE)
NSE:NIFTY
by finnova_
#Nifty directions and levels for March 4thGood morning, friends! Here are the directions for March 4th: The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +70 point. Nifty has a consolidation structure around the supply zone, so it might be in subwave 4th. If the market breaks the supply zone, then we can expect the 5th impulse wave. The 5th wave is a distribution wave, so my assumption is it might be forming an ending diagonal pattern. If it forms and rejects around 22537, then we can expect a correction of at least 23 to 38%. However, if the rally has a solid bullish structure, the rally will likely continue when it breaks the level of 22537. Alternatively, if the gap-up doesn't sustain, then we can expect a 23 to 38% correction initially, meaning the 4th wave may continue further. However, if it breaks the fib level of 38% structurally, it may turn into a correction phase in the upcoming days.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 4 Mar 2024NIFTY Intraday Trade Setup For 4 Mar 2024 Bullish-Above 22470 Invalid-Below 22420 T- 22655 22840 Buy_2- From 22200 Invalid-Below 22150 T- 22500 NIFTY has closed on a slight bullish note with 0.75% gain last week. Friday's candle seems to be a strong bullish candle which has taken out last 7 day's range. We are likely to a parabolic up move or 90 degree angle move above 22470 in the coming days. But before that chances are that we can give a pull back towards 22200 again before the start of of the bullish impulse. So it can be an opportunity to long from 22200 zone for a good target in favor. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22470 then we will long for the target of 22655 and 22840. 2nd buy can be considered from 22200 zone. T- 22500. 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 Intraday Trade Setup | 4th MarSaturday was a special trading session, Nifty opened above 22400 and that morning high was the day high. For tomorrow, buy Nifty if sustains above 22450 for the targets of 22490 and upper marked levels. On the other side, if Nifty breaks 22320 on the downside, we may see 22280 and below marked levels on the chart. Expectations: Trending Day Intraday Levels: Buy Above - 22450 Sell Below - 22320 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY prediction for tomorrow 4th MARAs we discussed NIFTY's bullish behavior in our last analysis, the Market (NIFTY) moved up 280 points. If we look at the chart data: The Market is trading at the resistance trendline zone. Also price >> EMA(200) (TF = 30 min) and EMA(13) >> EMA(200). This indicates that the Market needs some correction or consolidation at this point. Also, the Market is in an uptrend channel, which has formed a Higher High(HH). There is a possibility to form a higher low now. If we look at OI Data: PCR = 1.28, which shows the Market has bullish sentiments. There has been a huge PE writing at 22400. But if we look at the combined PCR = 0.99, it shows that the Market is likely to come down for some correction to form a Higher Low. FII & DII data: FII is medium bearish because the Market is trading at the resistance trendline. Clients are bullish because the Market is trading at ATH. I am expecting the Market to get some correction, at least till the level of 22200 (Fib 0.38 levels). Reasons: Price > EMAs show bullish sentiments. (Bullish) Price >> EMA(200) and EMA(13) >> EMA(200) market might get some correction till 22200. RSI ~ 75 needs some consolidation at this level. (sideways) PCR = 1.28 shows bullish signal whereas combined week expiry shows PCR = 0.99 weekness in bulls for upcoming week. (sideways) Price <= VWAP shows that the market price is balanced and can go either side. (Indecisive) Verdict: Sideways or Bullish Plan of Action: Case 1 : Iron condor in range 22300-22450. Case 2 : Sell 22450 CE (Hedge is with 20 rs CE)
NSE:NIFTY
by finnova_
2
Levels and zones for NIFTY || 04-03-2024 NSE:NIFTY Trade Setup for 04-03-2024 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 zones. 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