Nifty Intraday Trade Setup | 13rd NovGift Nifty indicating a flat to minor gap-down opening. Nifty has to sustain above 19550 for more upside towards 19590 & 19620. On the other side, we may selling in Nifty if sustains below 19500 towards 19460 and lower levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19550
Sell Below - 19500
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SELL NIFTY @ 9:15 AM | INTRADAY TRADE 23RD JAN '24Gift Nifty indicating a gap-up opening with 70 - 80 points, however, as per our time based research, we are looking for some fall in Nifty between 9:15 to 9:45 but don't hold for big targets like yesterday.
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InvestPro India
GIFT NIFTY FUTURE buy sell zones analysisNSEIX:NIFTY1! nifty future bounced back from daily timeframe buy zone and ended up just below previous sell zone, with no prpoer buy zones immidiate below, we may see a drop till midzone , if manages to break above current sell zone and sustains with a retest, then we may see move till green zone quickly
Nifty 12-12-2024 Weekly expiryGift nifty is trading at 31 points down and expected to rebound.
Expecting NIFTY to make an upside move till 24748 and hold or even move to 24859 levels but before that it will downward move to a lower support levels 24548 or nearby.
Suggestion
No call selling if volatility is high. Only if it hits 24450 and makes it as its resistance.
One profit booking is expected at or near 24748. If it holds reentry suggested but no holding long.
Again full risk n no stop loss so small positions suggested.
Stay ATM. Expecting everyone to recover stop losses bearings everyone has taken for last 3 days.
Nifty Gift nifty is about to start its correction of wave 4, degree is not clear. either its takes support at 25800-25750 level and then makes a new new all time high.
But on break below 25750 Fut for 1-2 hours can bring 25450 level which could again be used to buy again with Sl of 25250 on closing basis for new all time high.
Gift nifty chart is bullish buy on dip on nifty On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gift nifty, Nifty future 20650 upside Target On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gift Nifty 50 is displaying a breakout
1. **Nifty 50 Breakout Flag and Pole:**
- A breakout occurs when the price of a security moves above a certain resistance level, signaling a potential upward trend.
- A flag and pole pattern is a technical analysis chart pattern that looks like a flag on a pole. The pole is a strong, quick price movement, and the flag is a consolidation period before the price continues its trend.
2. **Rectangle Pattern:**
- A rectangle pattern is a continuation pattern where the price consolidates within a horizontal range. It indicates a temporary pause in the trend before a potential continuation.
3. **Bullish Outlook:**
- If there's a breakout from the flag and pole pattern, along with the rectangle pattern, it suggests a bullish trend continuation.
4. **Next Target: 19660:**
- This implies that the next projected target for the Nifty 50 index is 19660. This target is likely based on the technical analysis of the chart patterns mentioned.
**Brief Summary:**
- The Nifty 50 is displaying a breakout from a flag and pole pattern, accompanied by a rectangle pattern, indicating a potential bullish continuation.
- Traders may consider a bullish stance with a target of 19660 for the Nifty 50 index.
Please note that investing in the stock market involves risks, and decisions should be made based on thorough research and analysis. Additionally, market conditions can change rapidly, so it's essential to stay updated on the latest information.
Gift nifty chart showing weakness sell on riseDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gift nifty levels in chart read description to take tradesDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 100 %)
Target 6- (T6 : 123.6 %)
Target 7- (T7 : 138.2 %)
Target 8- (T8 : 150 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gift nifty will go up buy on dip sl 24100 Target new ATH Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit