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Nifty Trade Setup for 18-09-2023Nifty important levels to watch are as follows #Support: 20165 Sell below: 20165 only on 15 minute candle closure below the level. Target 1: 20110 Target 2: 20050 #Resistance: 20225 Buy Above: 20225 only on 15 minute candle closure Above the level. Target 1: 20260 Target 2: 20310 #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.
NSE:NIFTY
by InvestyourAsset
Nifty weekly analysis for 18/09/23.Nifty has given a nice marubozu candle on the weekly time frame with a good volumes. On the daily time frame, there is a RSI divergence and there is a good volume on the closing day. There was a gap up opening and it consolidated whole day taking resistance from 20200 levels and closed 89 points higher. On the hourly time frame, the market is still sustaining itself above the moving averages and took good support around 20150 levels. Nifty took support from the 20 ema, 15 minute charts, and has closed near the levels. The two closing candle are showing good volume and creating confusion as they have closed in red. Support :- 20140, 20110, 20060 Resistance :- 20200, 20310 The market are on the top and are stretched enought to give a retracement. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
15 Sep ’23 Post Mortem on Nifty - Crazy last 30mts in HDFC & RILNifty Analysis Recap from yesterday: I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167. We had a good positive day today, the start itself was right at the swing high of yesterday and we built up the momentum from there. The euphoria, FOMO continues and people continue to pour money. Nifty Energy, FMCG, Metals did not close in the green today. ONGC had a super start but gave up all the gains soon. The real question now is - Does Nifty have more firepower to continue the rally? Two instances of pull back stands out today, first at 12.05 to 12.30 period and then 15.05 to close. The 2nd one looked more dangerous than a casual profit booking. I was watching the price fluctuation in RELIANCE and HDFCBK - the volumes and swings were pretty unusual. Both of them fell from the high of the day, RELIANCE even hit the low of the day in this period. Brutal swings accompanied by huge volumes - most likely a news flow driven price action. On the 1hr TF Nifty has gone almost vertical for the last 900pts. Ideally it would be good if it consolidates at these levels. If the consolidation doesn't happen - there is a high risk of fall. For Monday I wish to maintain the same 50% neutral 50% bullish stance. And wish to go short if 20100 level is getting taken out.
NSE:NIFTYLong
by viswaram
Nifty levels - Sep 18, 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!
NSE:NIFTY
by sacxe
#nifty"Good morning! As of September 15th, there is no significant difference compared to the last session. Global market sentiment remains neutral, primarily based on the performance of the Dow Jones. The market trend is moderately bullish, with a possibility that it may open with a neutral to slightly bullish gap. If the market subsequently breaks the previous high, we can anticipate a rally continuation with minor consolidation. On the other hand, if the gap-up doesn't sustain, we can expect the market to enter a correction phase."
NSE:NIFTY
by Manickamtraders
14 Sep ’23 Post Mortem on Nifty + Weekly Expiry AnalysisNifty Weekly Analysis Between the last expiry and today Nifty is up an impressive 378pts ~ 1.92%. We really did pick up some directional momentum this week. Almost all the sectors were assisting Nifty hit an all time high in this historic week and conquer 20000. Nifty Daily Analysis Recap from yesterday: “I expect the expiry to be above 19989 if we still have the bullish sentiment. I wish to stay 50% neutral and 50% bullish for tomorrow and would like to go 100% bullish once the swing high of 20110 is taken out.” Since we hit a new ATH by 09.40 today and because it was above my bullish level of 20110 I had to go long today. I rolled up my PUT positions from 19900 to 20000 for protection. I am quite relieved that the 20000 PE expired out of the money otherwise my bullish bias would have been proven wrong. Meanwhile the CE long option was rolled over for the next week’s expiry. The bullish momentum lasted only till 09.45 after which we were falling quite strongly. All the 5mts candles from 09.50 to 10.15 were in red. The 20000 PE option I had taken did appreciate more than 175% but I somehow decided not to exercise. We closed at just 0.16% gains, so quite relieved that yesterday's analysis played out okay. Regarding the option prices - the OTM premiums were not attractive for an expiry day options seller. This is the 2nd expiry we had after decoupling banknifty from nifty. With the current VIX scenario - the only route to make money for OTM option sellers is to shuffle the positions between banknifty or nifty or finnifty depending on the abrupt jumps in premiums due to lack of liquidity. I will try to write out an article by this weekend explaining the concept with examples. On the 1hr TF Nifty has made a healthy upward pattern and as discussed over the last 2 sessions - a consolidation at the current levels will give it some stability. Parallelly since we took the ATH - a part of it would want to break free as that is the path of least resistance. If you are a bear - the only way you could fight back in is to close Nifty below 19989 or get a quick swing below 19960. I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167.
NSE:NIFTYLong
by viswaram
Nifty levels - Sep 15, 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!
NSE:NIFTY
by sacxe
Nifty daily analysis for 15/09/23.Nifty consolidated on the weekly expiry after a movement in the opening hours. A doji candle has been formed on the ATH and after a nice upmove there will be a retracement or side ways market. It has closed around 20100 levels and there were no opportunities in the second half of the trading session. On the hourly charts, nifty tried to test the 20 ema but reversed before testing it. It traded in a range on 60-70 poinnts in the second half. The markets are losing strenght as there is a RSI divergence on the daily charts and even on the hourly charts there is a bearish divergence. Watch for a market and it would be wise to carry less quantities in bullish trades. On 15 minute time frame, after the initial profit booking market traded around the 20 ema and expired near the previous day close. Support :- 20060, 20020, 19950 Resistance :- 20110, 20200 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
#nifty"Good morning! As of September 14th, there is no significant difference between the last session. Global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. Structurally, we are in a ranging market, so we could wait for a breakout from this range. If the range breaks, we will set our target at the next resistance level. Otherwise, the range will likely continue."
NSE:NIFTY
by Manickamtraders
Nifty levels - Sep 14, 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!
NSE:NIFTY
by sacxe
12 Sep ’23 Post Mortem on Nifty - Mid Small Caps bleedingNifty Analysis Recap from yesterday: “For tomorrow I wish to continue with the bullish stance, although I would like to take some safety net via long PUTS as we have the CPI (Inflation) data coming up this week.” The opening 45mts saw huge profit taking, few of the candles were deep red sending out a message that it may not just be a profit taking. I usually do not check the midcap and small cap indices as their weightage rarely moves Nifty. But seeing the aggressive price moves, I did peep into those sub indices and this is what happened. nifty smallcap down 4.1% midcap 150 down 2.97% nifty metal down 2.67% nifty energy down 2.49% nifty next50 down 2.3% nifty auto down 1.86% nifty commodities down 1.85% Usually we do not have these high aggressive moves. I even forgot the last time Nifty moved 2% intraday. The puts that I had on Nifty did appreciate in value in the opening 30 to 40mts but the fall got arrested there. So I still have those long PUT positions active for tomorrow. The options premiums were also a bit off today, the OTMs having an unusual surge in prices - totally irrational. By around 14.45 - the options flow suggesting further downside. Whereas by 15.20, I got conflicting signals from the PE side. I wish to just wait and watch for tomorrow and not get into an aggressive long position until Nifty50 has consolidated at the current levels. I wish to modify my stance to neutral from bullish. If we break the 19870 levels tomorrow - I wish to go short (bearish).
NSE:NIFTY
by viswaram
Nifty daily analysis for 13/09/23.After a gap up opening, there was a profit booking and market consolidated as it has already stretched alot and it may take a halt or market may become volatile. On the hourly charts, there was profit booking in the first hour and market remained inside the candle whole day closing almost flat. Nifty has hit a new ATH and there should be a halt or a retracement before carrying on with the bullish momentum. Markets can't just go up without any rest or retracement and after a movement there will be a sideway to volatile market. Watch the market to consolidate or retest the lower support levels. On 15 minute time frame, market has near to the 20 ema and is taking resistance from the round number figure of 20k. Support :- 19920-50, 19860 Resistance :- 20020, 20110(ATH) Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum