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BANKNIFTY Intraday Trade Setup For 15 Jul 2024BANKNIFTY Intraday Trade Setup For 15 Jul 2024 Bullish-Above 52820 Invalid-Below 52710 T- 53370 Bearish-Below 52130 Invalid-Above 52240 T- 51600 BANKNIFTY has closed with a slight cut of 0.72% last week. Last two candles in weekly and daily TF are just opposite. While I will give more importance to weekly TF. Although it closed with minor cut but weekly candle is a Pinbar. 52800 is a major level from which bulls may take strong grip again. Also below its low 51700 there can be a aggressive selling with double force momentum. In between one need to maintain non-directional approach. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52820 then we will long for the target of 53370. For selling we need a 15 Min candle close below 52130. T- 51600. 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:BANKNIFTY
by Omahto
Nifty Intraday Levels | 12-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 MATHEMATICAL LEVELS FOR EXPIRYThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:NIFTY
by YASHSINCE1995
#Nifty directions and levels for July 12th.Good morning, friends! 🌺🍬 Here are the directions for July 12th: There are no significant changes in the global markets, which are still showing a moderately bullish trend. Our local market is also showing a moderately bullish trend. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 60 points. Yesterday, there was significant movement in Nifty. What about next? As per the pullback, the market may go further up with minor consolidation. GiftNifty also indicates that. If the market opens with a gap-up, we can expect minor rejection around the immediate resistance level. If this happens, it may retrace up to 23 to 38%. After that, if the market finds support at the 38% level, it may continue the rally with minor consolidation. This is our basic structure. In this case, we have to discuss something simple and not too complicated: > 1st one, There is no need to reject around the immediate resistance level. If it happens, we can expect a minor retracement. that menas If the market consolidates or breaks it with a solid candle structure, the rally will likely continue further(around the immediate resistance). > 2nd one, Is there any correction possible? Yes, correction is also possible. If the retracement breaks the 38% Fib level, it may continue to range. > This sentiment is also applicable for an initial market decline. This means that if the gap-up doesn't sustain or if the market declines sharply initially, we can follow the same sentiment.
NSE:NIFTY
by Manickamtraders
4
BANKNIFTY Intraday Trade Setup For 12 Jul 2024BANKNIFTY Intraday Trade Setup For 12 Jul 2024 Bullish-Above 52410 Invalid-Below 52300 T- 52955 Bearish-Below 51740 Invalid-Above 51850 T- 51138 BANKNIFTY has closed on a slight bullish note with 0.16% gain today. It has formed a Pinbar candle in daily TF, which indicates that bulls took liquidity, it can be confirmed if today's high is sustained. Also in 15 MIN TF a falling channel can be seen which is also on verge of breakout. 52410 will be level to trade on breakout. 51740 is a major intra support, breakdown can trigger a good fall towards 51k zone. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 52410 then we will long for the target of 52955. For selling we need a 15 Min candle close below 51740. T- 51138. 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:BANKNIFTY
by Omahto
NIFTY Intraday Trade Setup For 12 Jul 2024NIFTY Intraday Trade Setup For 12 Jul 2024 Bullish-Above 24470 Invalid-Below 24420 T- 24595 Bearish-Below 24190 Invalid-Above 24240 T- 24030 NIFTY has closed on an absolute flat note today. It opened with a gap up of 70 points and 10 o'clock range broke downside below 24310 and made a low of 24190. It has formed an inside candle, possibly suggesting a consolidation before any big now. Also a triangular consolidation is in formation, breakout will give us possible hint of direction. However our key levels will be trade points- 24470 and 24190. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24470 then we will long for the target of 24595. For selling we need a 15 Min candle close below 24190. T- 24030. 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
2
NIFTY prediction for tomorrow 12 July 24As we discussed, NIFTY fell nicely and took support at 24188, and then it recovered nicely to 24315. If we look at the chart now: The market is trading in a resistance zone. Today, the market has had a huge fall from this point. Price action on this level will decide the upcoming momentum in nifty. If it breaks to the upside, it can touch the resistance trendline; otherwise, it will be sideways in the range of 24128-24344. Support levels: 24188, 200-EMA (15-min) Resistance levels: 24344, Resistance trendline. If we look at the OI data: PCR = 0.76 shows the market has a NEUTRAL sentiment. 24300 is Max pain. Both side levels have good PE and CE writing. The option chain data are indecisive. Price Action on the 24315 will decide the direction for tomorrow. Reason: RSI = 40-60; shows the market is going to be sideways bullish. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 0.76 indicates market-neutral sentiments. price > VWAP shows a Bullish market structure. Verdict: Neutral Plan of action: wait for 15 min candle. Wait for good price action on the 24315 levels, and make your positions accordingly.
NSE:NIFTY
by finnova_
1
NIFTY prediction for today 11 July 24As we discussed, NIFTY took resistance at the provided dotted resistance trendline and gave a good fall. If we look at the chart now: The market gave good bearish momentum yesterday with heavy volatility. I also took support at the price action level of 24188 and came back. That shows bulls are active near 24000. Support levels: 24188, 200-EMA (15-min) Resistance levels: 24312, Resistance trendline. If we look at the OI data: PCR = 0.74 shows the market has a NEUTRAL sentiment. 24400, 24500, and 24600 have significantly higher CE writing than the lover levels PE writing. The market has big support at 24000. I am expecting the market to be volatile, sideways, bullish. Reason: RSI = 40-60; shows the market is going to be sideways. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 0.74 indicates market bullish sentiments. price > VWAP shows a Bullish market structure. Verdict: Sideways or Bullish Plan of action: wait for 15 min candle. wait for the market to make a direction and make the position accordingly.
NSE:NIFTY
by finnova_
2
#Nifty directions and levels for July 11th.Good morning, friends! 🌺🍬 Here are the directions for July 11th: There are no significant changes in the global markets, which are still showing a moderately bullish trend. However, our local market is showing a moderately bearish trend. Today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 40 points (as of 8:00 AM). Nifty and BankNifty structures differ from one another. Let's look at them one by one. Nifty had a huge swing in the previous session. However, the structure is obviously a range market. Today, GiftNifty indicates a slightly positive start. If it rejects around the immediate resistance, then we can expect a correction, meaning the range market will likely continue. For this correction to happen, it should break the 38% fib level in the current swing. If it doesn't break the 38% fib level, it may go a little bit further up. This sentiment also applies to the initial market decline.that means If the gap-up doesn't sustain or the initial market takes a decline, then use the same sentiment. The alternate variation suggests that if the gap-up sustains and consolidates around the 78% fib level or breaks the 78% fib level with a solid candle, then the rally will likely continue.
NSE:NIFTY
by Manickamtraders
8
Nifty Intraday Support & Resistance Levels for 11.07.2024On Wednesday, Nifty made a new all-time high of 24,461.05 before falling 300 points to an intraday low of 24,141. It found support at the 75m Demand Zone mentioned in the last post and bounced back nearly 200 points, closing at 24,324. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (5m): 24,246 - 24,265 Major Support/Demand Zone (75m) for weekly trade: 24,056 - 24,150 (tested yesterday) Resistance Levels: Small Supply/Resistance Zone (15m): 24,398 - 24,419
NSE:NIFTY
by PriteshPal
Nandan Denims - Looking Strong in Long TermTrendline and VCP Pattern: - The chart shows an upward trendline indicating a long-term bullish trend. - There's a visible "VCP" (Volatility Contraction Pattern) forming. This pattern typically suggests a consolidation phase where price volatility decreases before a potential breakout. Support and Resistance - The price is currently around ₹45.35. - Key support level is around the trendline, roughly at ₹25. - Key resistance levels are around ₹60 and ₹80. ### Volume - The volume is highlighted, showing an increase during significant price movements, which typically confirms the strength of the trend. - Recent volume bars indicate moderate trading activity. ### Summary - **Bullish Indicators**: Upward trendline, potential VCP breakout, and increasing volume during uptrends. - **Bearish Indicators**: RSI nearing overbought levels, potential failure to break key resistance.
NLong
by brijmohan_h