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Nifty Intraday Levels | 31-JULY-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
#Nifty directions and levels for July 31st.Good morning, friends! 🌺🍬 Here are the market directions for July 31st: Global and Local Market Overview The global market is indicating a moderately bearish trend (based on the Dow Jones), while our local market indicates a moderately bullish trend. Today, the market may open with a neutral to slightly positive start because GiftNifty is indicating a 20-point positive move. Still, the Nifty and BankNifty are maintaining a difference. Let's look at that. Nifty: In the previous session, Nifty had a pullback, but by the end of the day, it closed like a range market. As per the wave, it's in the 4th wave, which is a consolidation wave. If the market opens neutral, the range market will likely continue until it breaks the previous high. There are two variations for the upside breakout, considering it could be the 5th wave. Current View: If the market breaks with a solid pullback or solid candle formation, the 5th wave may extend, reaching a minimum of 25067 to 25143. If the market doesn't have much volume or if it breaks the previous high with some rejection, we can expect a maximum of 25029 to 25067. Once the 5th wave completes, we can expect a correction. However, we should seek additional confirmation for the reversal. Use the Fibonacci retracement in the minor swing: if it breaks 38%, that's a sign of a minor reversal. Alternate View: The alternate view also considers a range market structure. If the market declines initially, it may take support around the Fibonacci level of 38%. If it finds support there, the range market will likely continue. The correction will occur only if it breaks the 38% level. If this happens, we can expect the next target to be 24646 to the Fibonacci level of 50%.
NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Support & Resistance Levels for 31.07.2024On Tuesday, Nifty made a high of 24971.75, just short of the 15m supply zone mentioned in the last post, and fell during the last 30 minutes of trading, closing at 24857.30. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. The support and resistance levels remain the same as mentioned in the last post: Support Levels: Near Demand/Support Zone (15m): 24711 - 24734 Near Demand/Support Zone (30m): 24624 - 24657 Major Demand/Support Zone (125m): 24296 - 24426 Resistance Levels: Near Supply/Resistance Zone (15m): 24974 - 25000
NSE:NIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 30.07.2024On Monday, Nifty opened gap up and made a new all-time high of 24999.75, followed by a fall of over 200 points from the top before closing at 24836.10. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. Support Levels: Near Demand/Support Zone (15m): 24711 - 24734 Near Demand/Support Zone (30m): 24624 - 24657 Major Demand/Support Zone (125m): 24296 - 24426 Resistance Levels: Near small Supply/Resistance Zone (15m): 24974 - 25000
NSE:NIFTY
by PriteshPal
Nifty Intraday Levels | 30-JULY-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
#Nifty Direction's and levels for July 30th.Good morning, friends! 🌺🍬 Here are the market directions for July 30th: Even though both global and local markets have experienced a correction structurally, it is a moderately bullish market. Today, the market may open with a gap-down start, as indicated by the GIFT Nifty, showing -80 points at 8:00 am. Structurally, Nifty and Bank Nifty differ. Let's examine each one: Nifty: In the previous session, Nifty opened with a gap-up, but there was no continued rally, and it fell drastically mid-market. What's next? > As per the weekly analysis, it could be in the 4th wave and has already reached the 23% Fibonacci level. If the market finds support around the 38% Fibonacci level today, we can initially expect it to range between the previous high and the 38% Fibonacci level. If it then breaks the previous high, the 5th wave may continue, > with pullback targets expected to be a minimum of 61% to 78%, which is the usual range market target. > The alternate view suggests that if the gap-down sustains and breaks the 38% Fibonacci level, it may turn into a correction. If this happens, we can expect a minimum target level of 50%. After that, if the market breaks this level with minor consolidation, the correction will likely continue. However, if it is sharply rejected, we may also expect a range market, but the probability is lower.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 30 Jul 2024NIFTY Intraday Trade Setup For 30 Jul 2024 Bullish-Above 25000 Invalid- Below 24950 T- 25250 Bearish-Below 24770 Invalid-Above 24820 T- 24535 NIFTY has closed on an absolute flat note after 2 way moves in intraday. It has formed a spinning top candle in daily TF exactly at 25K zone. This indicates a potential halt or reversal. Below 24770 index may reverse in short term however a closing in daily TF will confirm this. Also final confirmation of reversal will be when NIFTY will make a bearish price action in daily TF. 25k and 24770 are intraday levels for tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25k then we will long for the target of 25250. For selling we need a 15 Min candle close below 24770. T- 24535. 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
Nifty50 Support And Resistance 30-July-24 Please find below simple resistance and support 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
2
NIFTY VIEWNSE:NIFTY NIFTY is giving Breakout BUT IF THIS BO FAILS THEN WE CAN WITNESS QUICK FALL IN MARKET Good to keep on the radar Always respect SL & position sizing ======================== Trade Secrets By Pratik ======================== Disclaimer NOT SEBI REGISTERED This is our personal view and this analysis is only for educational purposes Please consult your advisor before investing or trading You are solely responsible for any decisions you take on the basis of our research.
NSE:NIFTY
by Trade_Secrets_By_Pratik
3
#Nifty directions and levels for July 29th.Good morning, friends! 🌺🍬 Here are the market directions for July 29th: The global market has a moderately bullish sentiment based on the Dow Jones, and our local market mirrors this sentiment. Today, the market may open with a gap-up, as indicated by the GIFT Nifty, showing +130 points at 8:00 am. Structurally, Nifty and Bank Nifty differ but may both continue their pullbacks today. Let's examine each one: Nifty: Nifty experienced a strong rally in the previous session, which could be identified as sub-wave 3. If the market opens with a gap-up, this 3rd wave may continue towards the 24956 to 25067 range. If the market hits one of these resistance levels and then reverses, we can expect a minor correction forming the 4th wave. Typically, the 4th wave is a consolidation phase, potentially leading to a 23 to 38% retracement in the minor swing. This is our primary scenario. Alternatively, if the gap-up doesn't sustain, we could complete the 3rd wave immediately, and the decline could be considered the 4th wave. There are no significant changes in the 4th wave levels; it could take a maximum of 23 to 38%. However, if the decline has a solid structure and breaks the 38% Fibonacci level, it could turn into a correction.
NSE:NIFTY
by Manickamtraders
2
Nifty SpotWorld market in full green mode expecting a rate cut by US FED as early as September... Nifty also gained 400+ points on last friday and closed @ LTH We are heading to 25000 mark on Nifty Spot... As per trend line on daily charts we see strong resistance zone near 25100-25200 zone... We can initiate shorts near 25100 - 25200 levels using options.. 24588 seems a strong bounce zone. now 24588 levels becomes very important make or break level on closing basis.. Happy Trading... Share...Like... Follow for more updates and ideas....
NSE:NIFTYShort
by emraldconsul
Nifty Intraday Support & Resistance Levels for 29.07.2024On Friday, Nifty broke the resistance level of 24450 in the first 15 minutes, then rallied to a new all-time high of 24861.15 and closed at 24834.85 with a gain of 428 points. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive. Support Levels: Near Demand/Support Zone (15m): 24711 - 24734 Near Demand/Support Zone (30m): 24624 - 24657 Major Support/Demand Zone (125m): 24296 - 24426 No supply/resistance zone is seen on the chart as of now.
NSE:NIFTY
by PriteshPal
Nifty, Nifty, Nifty!!!!Wanna see an interesting thing? This is #Nifty's PCR Ratio (posted on X) which was up on Intraday which is negative sign. Now another thing is Banks and Financial companies have 35% weightage on nifty, collectively. And PSU Banks posted great results. Hence Banknifty looks strong. And as Banknifty is strong so is Nifty bcz of the weightage shared. Now we have contradictory view = 1. Technical Data says - Negative. 2. Macro says - Positive. Plus, all the stocks in Nifty almost looks overbought. Which indicates a correction is needed. Now we have 2 negative points and 1 positive. Right? Now Friday's upmove was a short-covering move and not long buildup. FII is still there with 34% short positions open in Index. So unless the friday's move scares them away and they exit their shorts, a new high on Nifty is hard to come. And we need it to come. Now we have 3 negative and 1 positive. So what to do now? Completely avoid Index trading for next 2-3 days. Watch and observe if Bulls are able to scare away the bear with New high with a closing basis. If that happens, we will enter in 2nd phase of trend. You remember i told you how many phases a trend has in that #RVNL video? Yeah, so you got it what I am saying! However, when Intraday data is Negative and Macro data is positive, so what to do in this situation? How to trade? Well, a correction is needed to ensure bulls continues and that is pending. If that happens, don't immediately enter in shorts. Wait and watch if market makes a reversal from its 20DMA. If that happens, we start adding longs and enjoy the run. If not, we better take our SL and wait for this tug of war to settle. Remember, in the market stock is not your friend but the STOP. Take care.
NSE:NIFTYLong
by Trendxinc
#Nifty August 1st week directions and levels.Good Evening, friends! 🌺🍬 Here are the market directions for the first week of August: Global and Local Market Overview Both global and local markets have a moderately bullish sentiment. This trend may continue this week. Last Friday, the global market closed up by 1.5%, so we might start this week on a positive note. Let's look at the details. Nifty * Last week, Nifty had big swings and closed around its previous high. On Monday, the market may open with a gap-up, according to Gifty Nifty. If this happens, we can expect the bullish sentiment to continue. Nifty is currently in the 3rd wave, which is a long upward trend. After this wave completes, there may be a small correction of about 23 to 38%. If the rally continues, it will enter the 5th wave, which is usually not as sharp. This is our basic structure. * Means the 3rd wave might complete around 24,956 or 25,067. If it hits resistance at these levels, the 4th wave may begin, characterized by a small correction. After retracing, if it finds support around the 38% level, the rally may continue into the 5th wave, with targets ranging from 25,143 to 25,377. This is our current view. * The alternate view is a flat correctional variation. I labelled it based on theory, but I will explain it simply. We said earlier that the 4th wave is a consolidation wave, so it can take a maximum of 38% correction. However, if the 4th wave falls sharply and breaks the 38% Fibonacci level, it may turn into a deeper correction. If that happens, we can expect a correction of 61 to 78% in the minor swing. This is our alternate view.
NSE:NIFTY
by Manickamtraders
2