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NIFTY Intraday Trade Setup For 26 Jul 2024NIFTY Intraday Trade Setup For 26 Jul 2024 Bullish-Above 24470 Invalid-Below 24420 T- 24685 Bearish-Below 24210 Invalid-Above 24260 T- 24012 NIFTY has closed on a flat note today after a big gap down. It opened directly below sell level however no candle closed below that. 10 o'clock range was to be used as per trade setup. Range broke upside above 24305 and gave a one way move till 24425, risk (last swing low) was around 30 points. If market opens flat tomorrow then we may see continuation of the bullish move above today's high. 24685 will be target as per plotted ABCD. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24465 then we will long for the target of 24685. For selling we need a 15 Min candle close below 24200. T- 24k. 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 Levels | 25-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 Intraday Levels | 24-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 Intraday Support & Resistance Levels for 25.07.2024On Wednesday, Nifty took support at the 15m Demand zone mentioned in the last post and bounced to 24450 but didn't cross this important resistance. On the lower side, 24200 will play as crucial support. If broken, we might see a further fall in Nifty. As mentioned in the last post (linked in "Related Ideas" below), if 24074.20 (Budget Day low) is not held, the next major support zone is seen at 23667 on the daily chart. Weekly trend (50 SMA) and Daily trend (50 SMA) are still positive. Support Levels: Major Demand/Support Zone (75m): 24056 - 24150 (already tested 2 times) Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (75m) for weekly trade: 24607 - 24674 Far Supply/Resistance Zone (15m): 24741 - 24774 Note: While writing this, GIFTNIFTY is showing 220+ points negative, indicating a potential gap down opening.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup 25 Jul 2024NIFTY Intraday Trade Setup 25 Jul 2024 Bullish-Above 24600 Invalid-Below 24550 T- 24855 Bearish-Below 24270 Invalid-Above 24320 T- 24000 NIFTY has closed on a slight bearish note with 0.27% cut today. It was a consolidation day after budget, a normal phenomenon after an event as VIX generally cools off after any event which brings market into overall range. It has formed an inside candle in daily TF so till the time it is inside mother candle's range we will maintain non directional approach. 25600 and 24270 are intra levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and 15 Min candle closes above 24600 then we will long for the target of 24855. For selling we need a 15 Min candle close below 24270. T- 24k. 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 directions and levels for July 24th.Good morning, friends! 🌺🍬 Here are the market directions for July 24th: The global market has a bearish sentiment (based on the Dow Jones). Our local market, however, maintains a structurally moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as indicated by the Gift Nifty, which shows -60 points at 8 am. Structurally, both Nifty and Bank Nifty are range-bound, so they might continue in this manner today. In the previous session, both Nifty and Bank Nifty experienced significant movements due to the budget announcement but closed with a solid pullback at the end of the day. Structurally, this indicates potential for further continuation. It's important to note that The budget announcement of the previous session may affect the market today, so we should trade cautiously. However, I have analyzed my sentiments for Nifty and Bank Nifty, so let's examine them one by one. Today's sentiments: Nifty: If the gap-down sustains and breaks the 38% Fibonacci level, it may again enter the range market. This is difficult to trade, but my expectation is if it breaks the 38% Fibonacci level, it may reach the 78% with some consolidation. This is our first variation. In this variation, after that correction if it also breaks 78%, the correction may continue further. Alternatively, if the decline finds support around the 38% Fibonacci level, it’s a sign of a bullish bias. We can expect a pullback continuation if it breaks the minor swing high. Until then, it may consolidate between the minor swing high and the 38% Fibonacci level. Note: If the market opens with a gap-up and breaks the minor swing high, the rally will continue. The upside levels remain the same.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 24.07.2024On Tuesday, during a highly volatile budget session trading day, Nifty broke the major daily support zone, making a low of 24074.20 before closing just 30 points down at 24479.05. If yesterday's low is not held, the next major support zone is at 23667 on the daily chart. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near minor support/demand zone (15m): 24278 - 24362 Major support/demand zone (75m): 24056 - 24150 (already tested yesterday) Major support/demand zone (Daily): 23350 - 23667 Resistance Levels: Near supply/resistance zone (75m) for weekly trade: 24607 - 24674 Far supply/resistance zone (15m): 24741 - 24774
NSE:NIFTY
by PriteshPalan
Strong Wave 5th is happening! -Nifty Wave Analysis in DTFWhere are we standing according to Elliott Wave in Nifty? Wave Counting: The impulse that started after the COVID crash is almost near it's completion. Currently, we are in Wave 5th of the bigger Wave 5th. Wave 3rd completed in October 2021. Wave 4 (truncated) completed in March 2023. The Wave 5th started in March 2023 , and we are in the sub-waves of this final wave. This wave can extend since Wave 3 of Wave 5 was truncated (failed to reach 161.8%). The targets for Wave 5 of Wave 5 can be: 23897 (127% - minimum) 24608 (161.8%) 25394 (200%) 261.8% (maximum) - rare case Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYLong
by WaveMoku
1
Nifty Intraday Levels | 22-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 Intraday Support & Resistance Levels for 23.07.2024On Monday, Nifty entered the daily demand zone mentioned in the previous post and bounced over 200 points from the bottom before closing at 24509.25. The weekly trend (50 SMA) remains overbought, while the daily trend (50 SMA) remains positive. The support and resistance levels remain the same as previously mentioned. Support Levels: Near support/demand zone (125m) for weekly trade: 24193 - 24357 Major support/demand zone (Daily): 24141 - 24461 Resistance Levels: Near supply/resistance zone (15m): 24741 - 24774 Near supply/resistance zone (75m) for weekly trade: 24774 - 24854.80
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 23 Jul 2024NIFTY Intraday Trade Setup For 23 Jul 2024 Bullish-Above 24600 Invalid-Below 24550 T- 24855 25160 Bearish-Below 24350 Invalid-Above 24400 T- 24048 23800 NIFTY has closed on a flat note today, calmness before Budget move. However it formed spinning top candle in daily TF which is indecision sign. It is going to be a news reactive/driven market tomorrow due to Union Budget announcements. One can avoid trading tomorrow as I personally cant's trade uncertainty. However 24600 and 24350 will be range I will be looking to trade on breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24600 then we will long for the target of 24855 and 25160. For selling we need a 15 Min candle close below 24350. T- 24048 and 23800. 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 Budget day prediction for tomorrow 23 JUN Tomorrow is Budget Day; all of you must be very excited to trade it. Usually, there is not very good price action for such events. The market might take turns from pivotal points marked on the chart. If we look at the chart now: The market is trading at 50 EMA (1H-TF). The market also trades at a 0.5 Fib level. which might provide a good support zone. Support levels: 24500, 200 EMA, 24188, 23985 Resistance levels: 24570, 24820 If we look at the OI data: PCR = 0.90 shows the market has a bullish sentiment. 24500 is Max pain. Lower levels have significantly higher PE writing than CE writing on higher levels, making a bullish market structure. Tomorrow's market moment depends upon the budget announcement. Reason: RSI ~ 40 - 60 shows the market is in a sideways structure. Once Price breaks the range of 50 EMA and 200 EMA, it will decide the direction of the market. PCR = 0.90 indicates market-bullish 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 24500 levels, and make your positions accordingly.
NSE:NIFTY
by finnova_