#NIFTY Intraday Support and Resistance Levels -16/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24600 level and then possible upside rally up to 24720 level in today's session. in case nifty trades below 24570 level then the downside target can go up to the 24450 level.
Niftytrend
Nifty Intraday Support & Resistance Levels for 16.07.2024On Monday, Nifty opened gap-up, reached a new all-time high of 24,635.05, and closed at 24,586.70. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near support/demand zone (15m): 24,485 - 24,516
Far support/demand zone (30m): 24,331 - 24,395
Major support/demand zone (75m) for weekly trade: 24,056 - 24,150
Currently, there is no supply/resistance zone seen on the chart.
NIFTY Intraday Trade Setup For 16 Jul 2024NIFTY Intraday Trade Setup For 16 Jul 2024
Bullish-Above 24640
Invalid-Below 24590
T- 24825
Bearish-Below 24520
Invalid-Above 24570
T- 24325
NIFTY has closed with a slight gain of 0.35% today. It was more or less non-directional day as where it opened is the same place where it closed EOD with an overall range of almost 100 points. It has formed a neutral doji candle in daily TF. Now below its low this candle will act as a reversal trigger. Also if it closes below 24500 then bulls may give up. Above 24640 there can be bullish move. We need a bearish price action in daily TF for a confirmed reversal.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24640 then we will long for the target of 24825.
For selling we need a 15 Min candle close below 24520. T- 24325.
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 | 15-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 📌
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✍️COMMENT Below your view !
Nifty50 (15th July) 1/2Above dash line is still pending to test
Before moving upside to 24670
It could 📉 to 24460 to HUNT STOP LOSS and from there could bounce to 24670
If 24460 below hourly 🕯 closes then more 📉 fall is expected to 24364
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
NIFTY Prediction for today 15 July 24As we discussed, NIFTY took support at 24344 and had a good bullish run, broke resistance, and sustained to the upside, showing a good bullish nature.
If we look at the chart now:
The market is trading in the uptrending parrell channel, which has HH and HL, which have a bullish structure.
Support levels: 24429, 24128, 23985
Resistance levels: 24577 and Resistance trendline.
If we look at the OI data:
PCR = 0.86 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.
I am expecting the market to be sideways in the uptrend line channel. If the channel breaks down to the downside, a good bearish momentum can be seen till 24188.
Reason:
RSI > 60 shows the market has a bullish structure.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 0.86 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 good price action on the 24500 levels, and make your positions accordingly.
#Nifty directions and levels for July 15th.Good morning, friends! 🌺🍬 Here are the directions for July 15th:
The global markets are showing a slightly bearish sentiment (based on the Dow Jones). Our local market is maintaining a moderately bullish trend. Today, the market may open neutral or with a gap-up start, as indicated by GiftNifty, which shows an increase of 50 points at 8:00 am.
Nifty and Bank Nifty have different structures: Nifty indicates a two-way move, while Bank Nifty indicates a range-bound market. Let's look at each one.
Nifty has closed above the all-time high after seven consecutive consolidation sessions. This suggests a solid rally ahead on a normal trading day. However, with the upcoming budget event, even if the market breaks the all-time high again, it is unlikely to go much higher due to current sentiment rather than technical factors.
> Based on this sentiment, if the gap-up sustains, we can expect a minimum of 24608 to 24644. After that, if the market rejects around the supply zone, we can expect a reversal of 38 to 78% in the Fibonacci sequence. This is our first variation. On the other hand, if the market doesn't reject there and consolidates, the rally will likely continue further.
> Alternatively, if the gap-up doesn't sustain, it may range between the previous day's high and the 4th wave demand zone. In this sentiment, there is no big correction. The correction will continue only if it breaks 24420.
#NIFTY Intraday Support and Resistance Levels -15/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24540 level and then possible upside rally up to 24660 level in today's session. in case nifty trades below 24490 level then the downside target can go up to the 24370 level.
Nifty Intraday Support & Resistance Levels for 15.07.2024On Friday, Nifty opened gap-up and made a new all-time high of 24,592.20 before closing at 24,502.15. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near support/demand zone (15m): 24,331 - 24,384
Far support/demand zone (5m): 24,201 - 24,235
Major support/demand zone (75m) for weekly trade: 24,056 - 24,150
Resistance Levels:
Near small supply/resistance zone (15m): 24,560 - 24,580
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.
Will NIFTY & Bank Nifty's have a Tight Rangebound Movements ?Nifty looks stronger rather then Bank nifty overall in the charts, Nifty above 24600 will open doors fro 24800 levels above the new range till 25200 levels. SUpport is at 24150-24250, below this price should see 23980 level.
Bank Nifty has given a breakout from falling wedge, support at 52000-51900 levels, upside till 53200 level.
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 !
NIFTY 50 is ready for the Take-off.In the given Nifty 50 Daily time frame chart, we can see a parallel channel pattern and it's breaking out the channel and ready to form the new sky.
We can see targets of 24000,24500,24850,25120,25300 in the positional basis.
Get ready for the fly.........
*Disclaimer: Above description is only for the educational purpose, please do not take any kind of BUY or SELL on the basis of same. Please consult with your advisor before investing.
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
#NIFTY Intraday Support and Resistance Levels -12/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24360 level and then possible upside rally up to 24480 level in today's session. in case nifty trades below 24310 level then the downside target can go up to the 24190 level.
#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.
Nifty Intraday Support & Resistance Levels for 12.07.2024On Thursday, Nifty opened a gap-up inside the 15m supply zone mentioned in the last post and fell below 24,200 before recovering at the end. The weekly and daily trends (50 SMA) remain positive.
Support Levels:
Near support/demand zone (5m): 24,201 - 24,235
Major support/demand zone (75m) for weekly trade: 24,056 - 24,150
There is no major supply/resistance zone on the chart as of now.
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.
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.