Medium term trading opportunity in VPRPL for v. good upsideHi,
NSE:VPRPL has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly 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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Niftytradesetup
Long term trading opportunity in Suratwala for huge upsideHi,
NSE:SBGLP has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly 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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Please share your feedback or any queries on the study.
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Medium term trading opportunity in Tirupati for > 20% upsideHi,
NSE:TIRUPATI has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly 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.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
#nifty directions and levels for October 4th."Good morning, friends! 🌞 Here are the market directions and levels for October 4th.
Market Overview:
The global market is still maintaining a moderately bullish sentiment, while our local market indicates a bearish trend. A gap-down opening is expected today, with SGX Nifty showing a negative move of around -90 points at 8 AM.
In the previous session, both Nifty and Bank Nifty continued their corrections. So, what about today? GIFT Nifty is indicating a negative start, suggesting further continuation of the downtrend. However, if you look at the chart, there's an RSI divergence, which could signal a minor reversal. This means we can't hold positions without caution today. Let’s take a look at the charts.
Current View:
The current view suggests that if the market finds support around the immediate support level, we can expect a bounce back of around 23% to 38% in the minor swing. This is our first scenario. For additional confirmation, you can refer to the 20 EMA
Alternate View:
The alternate view suggests a breakout trade. If the market breaks or consolidates around the support level, we can take a breakout entry and set the target at the next support level. Since I'm uncertain about the trend continuation, I’ve set the target conservatively at the next support level.
Nifty clear short signal!The Nifty index shows a clear short signal on the monthly charts, while the RSI (Relative Strength Index) is in the overbought zone. Historically, the market corrected by more than 10% whenever the RSI reached this overbought level. This pattern suggests that despite recent upward momentum, a significant correction could be on the horizon based on past market behavior. Combining this with other technical indicators can help confirm whether a deeper market pullback is likely.
NIFTY | Possible support after mega fall ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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5 min view
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#Nifty directions and levels for October 3rd.Current View: If the market opens with a gap-down, both Nifty and Bank Nifty are expected to continue in a bearish structure, with some minor consolidation. Even if there’s a pullback, this type of correction typically won’t break the 38% Fibonacci level in the minor swing. This is our first scenario.
Alternate View: If the market initially rejects around the immediate support level and breaks the 38% Fibonacci level in the minor swing, it could shift into a range-bound market. In this case, targets are expected around the 78% Fibonacci level in the minor swing.
NIFTY Intraday Trade Setup For 3 Oct 2024NIFTY Intraday Trade Setup For 3 Oct 2024
Bullish-Above 25910
Invalid-Below 25860
T- 26110
Bearish-Below 25730
Invalid-Above 25780
T- 25525
NIFTY has closed on a flat note last day. A sell off triggered on 30 Sep and is likely to continue in the coming days as sentiment has most likely reversed to bearish. This whole scenario was already discussed on 29 Sep trade setup. Tomorrow's key levels are 25910 and 25730. Overall I will maintain bearish stance.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 25910 then we will long for the target of 26110.
For selling we need a 15 Min candle close below 25730. T- 25525.
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 October 1st.Good morning, friends! 🌞 Here are the market directions and levels for October 1st.
Market Overview:
The global market is maintaining a moderately bullish sentiment, but our local market is leaning bearish. Today, the market may open neutral to slightly gap-down, with SGX Nifty indicating a negative 5-point move at 8 AM.
On the previous day, both Nifty and Bank Nifty experienced a sharp decline. Structurally, we can expect further correction. However, the global market saw a solid pullback in the previous session, indicating a minor bounce-back initially. however, If the market sustains a bearish sentiment with solid red candles, the correction is likely to continue. Let's look at the charts for more details.
Nifty Current View:
This current view suggests that if the market opens with a gap-up or finds support around the immediate support level, it could pull back up to 23% to 38%. Structurally, it might not sustain beyond that, so it may undergo some consolidation between the current low and the 38% Fibonacci level in the minor swing. . Afterward, we can follow the direction—whether it breaks the previous low or the 38% Fibonacci level. This is our first variation
Alternate View:
The alternate view indicates that if the initial market declines, then 25,695 will act as a strong support level. If it consolidates or breaks that level, the correction is likely to continue, meaning we can expect a correction only if it solidly breaks 25,695. On the other hand, if it rejects solidly, we can follow the direction of the current view. This is the alternate view.
Nifty Swing Trade Levels Long/ShortNifty is currently trading at 25,856 and is down 1.23% as of today
- Nifty has a bullish Fair Value Gap of 25,600 and that might soon get filled
- Nifty was printing highs back to back and this euphoric rally had to fade off hence the bloodbath
- As long as the market structure stays intact and doesn't shift the bias will remain bullish
- Don't be a perma bull as well or try to find long setups in every dips accept the structure and don't do anything against it
Nifty Intraday Levels | 30-SEP-2024This trading strategy focuses on scalping Nifty options based on institutional support and resistance zones and executing trades using order flow data. Here's a quick summary of the key points:
1️⃣ Zones to Focus on:
👉Green Zone: Represents institutional support.
👉Red Zone: Indicates institutional resistance.
👉Gap Between Zones: Typically ranges from 100-200 points.
👉Zone Creation: Uses pivot points and Fibonacci levels.
👉Price Action: An advanced version for refined entries and exits.
👉Chart Reference: Trades are executed based on the Nifty futures chart.
2️⃣ Trade Execution:
👉Order Flow Data: Trades are triggered by tracking the market's order flow.
👉Timeframes: Focus on the 1-minute and 5-minute charts for quick scalps.
👉Risk-Reward Ratio: Strict 1:2 (Risk 1 to gain 2).
👉Strike Price: Target at-the-money (ATM) or slightly in-the-money (ITM) options.
👉Position Sizing: Customize based on personal risk tolerance.
3️⃣ House Rules:
👉Sharp Execution: Be ready at 9:15 AM for market open.
👉Risk Management: Always a priority.
👉Quick Trades: Fast execution "morning breakfast".
👉Strict Stop-Loss: Set at 10 points to limit losses.
This method is well-structured for traders who prioritize risk management and quick scalping opportunities in the Nifty market.
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#Nifty directions and levels for September 30th.Good morning, friends! 🌞 Here are the market directions and levels for September 30th.
Market Overview:
The global market has a moderately bullish sentiment, and our local market reflects the same moderately bullish sentiment. Today, the market may open with a gap-down due to the SGX Nifty indicating a negative 80 points.
In the previous session, both Nifty and Bank Nifty closed negatively, and the SGX Nifty also suggests that this trend may continue. Even though the overall structure indicates a negative trend, there are no key points suggesting a substantial continuation of this trend, which is why I have categorized it as a range-bound market. However, if the gap-down solidly breaks the immediate support level, then a correction is likely to continue. Let's analyze this further through the charts.
Nifty Current View:
The current view suggests that if the market finds support around the immediate support level (26073), we can expect a range-bound market between the previous high and the upcoming low. This is our first variation. This sentiment represents a slightly bullish bias, meaning that after this consolidation, if it breaks the previous high, the rally is likely to continue.
Alternate View:
The alternate view indicates that if the gap-down sustains and breaks the immediate support level, then the correction is likely to continue down to the minimum Fibonacci level of 23%
[NIFTY50]:INSTITUTIONAL LEVELS FOR 30/09/2024NSE:NIFTY QUICK GUIDE
- Use 5 minute timeframe
- Try to take enters at retest
- Use multiple confirmation
- Read full description before investing
- Try to take ATM options or above
Explanation:
This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit
This trading opportunity is based on volume, previous price, and price range , are included
Entry/Exit point's:
- It has very easy entry and exit points
- In this pair of lines with two colors are given (RED AND BLUE)
- In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan)
Stop Loss/Take Profit:
Stop Loss
- According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) )
- A short entry should use the opposite rules to a long entry
Take Profit
-When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit )
- Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry )
Timeframe:
According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this)
Risk Disclaimer:
Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading.
Engagement:
Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together.
What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders!
Comment below and let's get the conversation started!
Original Content:
This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets. NSE:NIFTY
27th Sep 2024 - Nifty went up 356pts ~ 1.38%, dream run continueNifty Stance Bullish ️⬆️
The dream run continues, Nifty goes up 356pts ~ 1.38% this week. Seems like there is nothing that can stop this bull run. I guess, the bull market will only end until the last of the bears turn bullish.
Even though we closed slightly red on Friday, the call options premiums were pricing further upside, and the put options decayed so badly that ensured the short sellers got nothing. The current dream run started on 16th Aug and we are up 1934pts ~ 7.98%. Nifty has been a huge wealth creator for investors.
30th Sep 2024 will be the most critical day in the history of futures and options. After its meeting, SEBI will decide what the revised margins for options trading will be. Meanwhile, the revised STT and charges go live on October 1st.
Our stance remains bullish until 25979 is broken, below which we will go neutral.
Short Term Trading Opportunity in Divis Labs for > 10% UpsideHi,
NSE:DIVISLAB has given a Bullish Flag Breakout on daily charts with very good volume.
MACD is also on the bullish side on daily, weekly 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.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
#Nifty directions and levels for the first week of October.Good evening, friends! 🌞 Here are the market directions and levels for the first week of October.
Global Outlook:
In the previous week, the global market closed near where it started, indicating that the market moved in a consolidation phase. What about this week? There are many major events, such as US Federal Reserve Chair Jerome Powell's speech, the monthly JOLTs job openings and quits, unemployment rate, non-farm payrolls, vehicle sales, and factory orders data. Therefore, this week might be a little volatile.
Our Market:
The weekly candle for Nifty closed with a green candle, while Bank Nifty closed with a shooting star, suggesting moderate momentum. This implies that even if the market takes a bullish or bearish bias, it won’t experience significant momentum. Let’s analyze this in the charts.
Nifty Current View:
If the market starts with a red candle, we can expect a 23% to 38% correction in the minor swing. Structurally, it shouldn't break the 38% Fibonacci level. In case it breaks this level, we could expect the next target to be a 50% correction on the downside.
> in this variation, if it finds support around the 38% level, it could return to where it started this week. This is our first scenario.
Alternate View:
The alternate view suggests that if the market rejects around the immediate support level and consolidates, then the rally could continue once it breaks the previous high. If this happens, we can expect the next targets to be a minimum of 26,460 to 26,568. This is our alternate scenario.
NIFTY Intraday Trade Setup For 30 Sep 2024NIFTY Intraday Trade Setup For 30 Sep 2024
Bullish-Above 26280
Invalid-Below 26230
T- 26460
Bearish-Below 26150
Invalid-Above 26200
T- 26000
NIFTY has closed on a bullish note with 1.5% gain last week. We have been following buy on dips in intraday since a long time. But now I feel that it is going to change very soon due to stretch. If daily candle closes below PDL then sentiment will reverse and profit booking can be triggered. 26280 and 25150 are intraday levels for Monday to look for breakout.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 26280 then we will long for the target of 26460.
For selling we need a 15 Min candle close below 26150. T- 26000.
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 September 27th.Good morning, friends! 🌞 Here are the market directions and levels for September 27th.
Market Overview:
There have been no significant changes in the global and local markets; both maintain a bullish bias. Today, the market is expected to open neutral to slightly negative, with SGX Nifty indicating a negative of around -20 points as of 8 AM.
In the previous session, the market had a minor movement in the second half. Structurally, it still maintains a bullish bias. So even if the market starts negatively today, the bullish momentum might continue. However, if the initial market declines sharply, we should follow that; let’s look at this in the charts.
Nifty and Bank Nifty both share the same sentiment.
Nifty Current View:
The current view indicates that if the market opens with a gap-up or if the initial market takes support around the Fibonacci level of 38%, then the rally will continue if it breaks the previous high. Until then, it could consolidate between the previous high and the Fibonacci level of 38%. This is our first scenario.
Alternate View:
The alternate view suggests that if the initial market breaks the Fibonacci level of 38% solidly, then the trend will turn into a minor correction phase. If this happens, we can expect correctional targets between 50% and 78% in the minor swing.
NIFTY Intraday Trade Setup For 27 Sep 2024NIFTY Intraday Trade Setup For 27 Sep 2024
Bullish-Above 26270
Invalid-Below 26220
T- 26460
Bearish-Below 26080
Invalid-Above 26130
T- 25900
NIFTY has closed on a bullish note with 0.81% gain today. Buy triggered as per trade setup above 26050 and trade went in favor to hit the target of 26200. Everyday it is being said that one needs to follow buy on dips approach till index is closing above previous day low. Be alert for sentiment reversal only when index closes below PDL in daily TF however index looks stretched.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 26270 then we will long for the target of 26460.
For selling we need a 15 Min candle close below 26080. T- 25900.
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 | 26-SEP-2024This trading strategy focuses on scalping Nifty options based on institutional support and resistance zones and executing trades using order flow data. Here's a quick summary of the key points:
1️⃣ Zones to Focus on:
👉Green Zone: Represents institutional support.
👉Red Zone: Indicates institutional resistance.
👉Gap Between Zones: Typically ranges from 100-200 points.
👉Zone Creation: Uses pivot points and Fibonacci levels.
👉Price Action: An advanced version for refined entries and exits.
👉Chart Reference: Trades are executed based on the Nifty futures chart.
2️⃣ Trade Execution:
👉Order Flow Data: Trades are triggered by tracking the market's order flow.
👉Timeframes: Focus on the 1-minute and 5-minute charts for quick scalps.
👉Risk-Reward Ratio: Strict 1:2 (Risk 1 to gain 2).
👉Strike Price: Target at-the-money (ATM) or slightly in-the-money (ITM) options.
👉Position Sizing: Customize based on personal risk tolerance.
3️⃣ House Rules:
👉Sharp Execution: Be ready at 9:15 AM for market open.
👉Risk Management: Always a priority.
👉Quick Trades: Fast execution "morning breakfast".
👉Strict Stop-Loss: Set at 10 points to limit losses.
This method is well-structured for traders who prioritize risk management and quick scalping opportunities in the Nifty market.
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏 FOLLOW for more content!
👍 LIKE if you found it useful!
✍️ COMMENT below with your thoughts and feedback!
#FocusedScalping #RiskManagement #NiftyOptions
#Nifty directions and levels for September 26th.Good morning, friends! 🌞 Here are the market directions and levels for September 26th.
Market Overview:
There have been no significant changes in the global and local markets; both maintain a bullish bias. Today, the market is expected to open neutral to slightly positive, with SGX Nifty indicating a rise of around +60 points as of 8 AM.
In the previous session, both Nifty and Bank Nifty continued consolidating. However, it seems a breakout may occur this session, as GIFT Nifty is suggesting a gap-up opening. If this gap-up sustains, we can expect the rally to continue. We had previously discussed that this could be a sub-wave 5th. So, if the breakout has a solid structure, the trend is likely to continue. Conversely, if the movement is gradual, the rise may be limited. We'll explain this further in the charts.
Both Nifty and Bank Nifty reflect the same sentiment.
Nifty Current View:
The current view suggests that if the first move consolidates around the supply zone (MSZ), Nifty could reach a maximum of 26,146. Conversely, if the first move breaks the supply zone with solid momentum, the rally may continue, with some consolidation around 26,220. This is our first scenario.
Alternate View:
The alternate view suggests that if the market declines or faces rejection near the supply zone, the range may hold. However, the precise move is if the rejection breaks the 38% Fibonacci level of the minor swing, it could extend to a minimum of 78%, reaching 25,833.
NIFTY Intraday Trade Setup For 26 Sep 2024NIFTY Intraday Trade Setup For 26 Sep 2024
Bullish-Above 26050
Invalid-Below 26000
T- 26200
Bearish-Below 25870
Invalid-Above 25920
T- 25680
NIFTY has closed on slight bullish note with 0.25% gain today. Buy on dip approach is still going on. One should follow the same with bullish reversal setup in 5 MIN TF. Also it is valid till index is closing above PDL. If a daily candle closes below PDL then index sentiment will change to bearish and can trigger a profit booking. 26050 and 25870 are intra levels for tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 26050 then we will long for the target of 26200.
For selling we need a 15 Min candle close below 25870. T- 25680.
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.