Nifty levels - Oct 9, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
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Nifty Tradesetup for 06-10-2023Nifty important levels to watch are as follows
#Support: 19520
Sell below: 19520 only on 15 minute candle closure below the level.
Target 1: 19430
Target 2: 19340
#Resistance: 19576
Buy Above: 19576 only on 15 minute candle closure Above the level.
Target 1: 19630
Target 2: 19720
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#October6th direction and levels for nifty"Good morning, friends! As of October 6th, we have an RBI monetary policy meeting scheduled for around 10 am. Therefore, the technical structure is not as important, as the markets will largely react to the news. These moves may be very volatile, so it's advisable to approach your positions with caution. However, this represents the current market sentiment.
The global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. In contrast, our market trend is moderately bullish. It may open with a neutral to slightly positive sentiment. If it subsequently breaks the immediate resistance level, we can anticipate a rally continuation. On the other hand, if the gap-up doesn't hold, or if the market opens with a gap-down, we should be prepared for a range-bound market or a correction."
Nifty Intraday Trade Setup | 6th OctToday RBI Policy at 10:00 am, high volatility can be seen. Nifty looks stronger once sustain above 19580 for the upper targets marked on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19580
Sell Below - 19490
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Nifty daily analysis for 06/10/23.The market are in a volatile mood and after an initial move it is holding on the levels creating less opportunities for option buyers.
This week's expiry remained volatile and on the daily charts, nifty is trading below the 20 ema. It has formed a doji candle after a gap up opening.
On the hourly charts, market has remained in a range and consolidated in a 100 points range. Though, the market has closed 110 points higher but there was no trading opportunity today.
Consolidation phase is still on for the markets and a trend move is still awaited. If nifty starts trading above 19750 or below 19250 there will be a trending market else market will remain volatile and killing the profits of option buyers.
On 15 minute charts, market traded between both the moving averages and closed taking the support of 20 ema.
Support :- 19500, 19350
Resistance :- 19560, 19730
Markets are giving gap up and gap down on the crucial levels and are not contining with a trend move. A follow through of any side is required in the market to form a mindset of the trend.
Wait for the price action near the levels before entering the market.
Nifty Expiry TradeSetup for 05-10-23Nifty important levels to watch are as follows
#Support: 19400
Sell below: 19400 only on 15 minute candle closure below the level.
Target 1: 19345
Target 2: 19275
Target 3: 19220
#Resistance: 19456
Buy Above: 19456 only on 15 minute candle closure Above the level.
Target 1: 19530
Target 2: 19590
Target 3: 19650
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty levels - Oct 6, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
#october5 direction and levels for Nifty"Good morning, friends! As of October 05, the global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. However, our market trend remains bearish. It may open with a neutral to slightly positive sentiment. Afterward, if it breaks the Fib level of 38%, we can expect a pullback continuation. On the other hand, if the gap-up doesn't sustain or if it opens with a gap-down, then we can anticipate a range-bound market to correction."
NIFTY - Target Levels - 05.10.2023Nifty Spot Price : 19436.1 - INDIA VIX SPOT Price : 11.66 % -
Nifty Daily Range : 19293 To - 19579-
Watch Option Strike : 19400 CE
Draw & Watch The Target Points :
Watch Option Strike : 19400 PE
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
This Is My Trading Phychology Of market1tomorrow
Technical Analysis for Nifty 50 **Technical Analysis for Nifty 50 on 05/10/23**
**Market View:** Bearish
**Support Levels:** 19400/19300/19200
**Resistance Levels:** 19500/19600
**Analysis:**
* Nifty 50 is currently in a bearish trend.
* If the market breaks below 19400, further downside is possible, down to 19200.
* On the upside, resistance is seen at 19500/19600.
**Conclusion:**
Traders should be cautious about buying options in Nifty 50, as the market is in a bearish trend. If the market breaks below 19400, traders should look to sell short.
**Additional Notes:**
* It is important to note that technical analysis is not a perfect predictor of future market movements. Traders should always use risk management techniques when trading.
* It is also important to consider other factors, such as fundamental and macroeconomic data, when making trading decisions.
* Since Nifty 50 is expiring tomorrow, traders should be extra cautious and avoid holding any losing trades.
**Disclaimer:**
This is not financial advice. Please do your own research before making any trading decisions.
Nifty levels - Oct 5, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
Nifty Trade Setup For 03-10-2023Nifty important levels to watch are as follows
#Support: 19620
Sell below: 19620 only on 15 minute candle closure below the level.
Target 1: 19560
Target 2: 19500
Target 3: 19460
#Resistance: 19715
Buy Above: 19715 only on 15 minute candle closure Above the level. scalpers can buy above 19675 for a small target.
Target 1: 19790
Target 2: 19850
Target 3: 19895
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#october4 direction and levels for nifty"Good morning, friends! As of October 04, the global market sentiment is negative (based on the Dow Jones), while our market trend is moderately bearish. It may open with a gap down. The market structure suggests a sharp correction. So don't expect a pullback without any additional confirmation."
SPX vs Nifty - A lot of pain ahead for India Stock MarketsSPX is down 6.07% from Sep whereas Nifty is only down 0.74%. If the coupling still exists and we think of US markets as the mother market - then further pain awaits Indian indices.
There are 2 factors which could play spoilsport
1. Rising oil prices - going to cost dearly as we are a net oil importer
2. Rising dollar index - this will push down the INR much further
If India finds a way to buy oil in rupees - problem solved.
Nifty50 cannot remain elevated for so long if the global markets are falling.
Remember - when the rise is higher, the fall will be higher.
Or are the investors gung-ho on India's growth story?
3rd Oct ’23 -The opening 5mts candle has a story to tell - NiftyNifty Analysis
Recap from yesterday: “My stance still remains bearish with the first downside target of 19446. The moment we break 19776 on the upside — I wish to exit the short stance and go long.”
The first target of 19446 was not today even though we dropped 103pts in the opening 5mts. The low of today was 19479 breaking the recent swing low of 19492. Two surprising things happened today
The strength of the opening candle - unbelievable and unexpected.
The reluctance to fall after that - shows true ruggedness.
Usually, strong candles like that play out when there is strong news/event flow. I dont remember reading anything in particular before the trading session. Secondly, the character of the market to remain calm after such an opening is again unbelievable.
As I write this article SPX is down -1.47%, NDQ -1.7%. Remember most markets had a RED September - so comparatively we are still the top most performing market. My point is - if a global fall is getting underway, our markets will have more points to lose in absolute terms.
The orange support and resistance lines remain the same, the bottom one is @ 19446, top one at 19776. We just completed an M pattern (double top) on the 1hr TF. For tomorrow I continue to remain bearish with the support getting broken in the opening 1hr. Ideally, we should retest the 19310 support if not break it.
NIFTY - Target Levels - WED - 04.10.23Nifty Spot Price : 19528.8. - INDIA VIX SPOT Price : 11.81 % -
Nifty Daily Range : 19384 To - 19674-
Watch Option Strike : 19550 CE
Draw & Watch The Target Points :
Watch Option Strike : 19550 PE
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
This Is My Trading Phychology Of market1tomorrow
Nifty daily analysis for 04/10/23.Nifty on the daily charts, has been trading below the 20 ema and has been closing in a same range of a few trading sessions.
A retracement and a consolidation is going on and market are yet to decide which side to move.
On the hourly charts, market remained inside the first hour candle and has closed below both the moving averages.
The market has closed near the 20 ema, on 15 minute time frame.
Support :- 19500, 19250
Resistance :- 19560, 19730
There are chances of market giving a trending move as it has consolidated in a range for 4-5 trading session.
Wait for the price action near the levels before entering the market.
Nifty levels - Oct 4, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
#October3 direction and levels for nifty"Good morning, friends! As of October 03, the global market sentiment is slightly negative (based on the Dow Jones), while our market trend is moderately bullish. It may open neutrally or with a slight gap down. The market structure suggests a ranging market, so it may move accordingly. On the other hand, if it breaks the range, either to the upside or downside, then we can expect a minor price movement."
NIfty TradeSetup for 29-09-2023Nifty important levels to watch are as follows
#Support: 19555
Sell below: 19555 only on 15 minute candle closure below the level.
Target 1: 19530
Target 2: 19490
Target 3: 19422
#Resistance: 19600
Buy Above: 19600 only on 15 minute candle closure Above the level.
Target 1: 19625
Target 2: 19670
Target 3: 19740
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty 50 Technical Analysis for Tomorrow Nifty 50 Technical Analysis for October 03, 2023
Market Trend: Bullish
Support Levels: 19638, 19501
Resistance Levels: 19733, 19800
Key Highlights:
Nifty 50 is in a bullish trend and has been making higher highs and higher lows.
The market is likely to go upside on Tuesday, October 03, 2023, as indicated by the following:
Price Action: If the market opens gap-up and breaks the 19733 level, then a buying side entry may be possible.
Support and Resistance Levels: The 19638 and 19501 levels are strong support levels, while the 19733 and 19800 levels are strong resistance levels.
Trading Strategy:
Go Long: If the market opens gap-up and breaks the 19733 level, then we can go long on the upside.
Stop Loss: Place a stop loss below the 19638 level.
Target: Target a profit of 1-2% on your trade.
Example:
Entry: Buy Nifty 50 at 19750
Stop Loss: 19630
Target: 19850
Risk Management:
It is important to practice risk management when trading. Never risk more than 1-2% of your capital on any single trade.
Disclaimer:
This is just a sample trading strategy. There is no guarantee that it will be successful. Please do your own research and consult with a financial advisor before making any trading decisions.
Additional Notes:
If the market opens gap-up and retests the 19733 level, then we can wait for a confirmation candle before entering a long position.
If the market breaks the 19500 level, then a fall may be possible. In this case, we should exit our long positions and book our profits.
We can also use a trailing stop-loss to protect our profits. If the market moves in our favor, we can trail our stop-loss higher.
Please note that this is just a sample analysis and trading strategy. It is important to do your own research and consult with a financial advisor before making any trading decisions.