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Nifty 50 Intraday view and trade idea for 15th February 2021Good Morning everyone, Hope you guys have enjoyed your weekend and ready to start a new week. Last week we had seen a sideways market, The index has traded in the range. the range is high 15,250 and low is 15,000. There is very little room in upside because of harmonic PRZ. 15,400 to 15,500 the whole area is a supply zone and Index still has 200-300 points. Swing traders must be careful at this point for their position sizing. Trade Setup ============== Long ======= India 50 is trading on a positive note around 60 Points up from the previous closing .so we can see a gap up opening today but you guys need to consider buying only above 15,260. Very little room on the upside as 13,400 to 13,500 is the resistance area followed up with Harmonic PRZ so be alert on Buy-side and buy only above 13,260. Above 13,2600 will give a confirmation to the breakout for the last week range and the index can test their resistance 13,400 to 13,500 in this week Short ========== Short only if Previous low break in the hourly time frame which is 15,080. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
5
Nifty Intraday Trade Setup for Friday 16th October 2020Good Morning everyone, Hope you guys did well in yesterday's trading session and made a good buck. Yesterday fall was massive and target killers. Index fall was accepted from 12000 levels but to be honest I never think that it will be so huge and so straight. Bear always does this that's why I love Bear Market :) The main question is what about today's trading session, Well short-term correction is on and we can see a little more correction from here but the main question is what is our entry point for today's trading session... Marked all stairs which were used in the bull run These stairs aka support can be used in the downside as well. Remember 11550 to 11600 is the major support in midterm so book you positional short at this level. Higher chances for a pullback or trend continue. Index short, Mid, and long term is an Uptrend so don't be nasty with your short and keep booking the profit. Intraday View ===================== We can see a small gap up Opening today but does not mean that will change the yesterday sentiment for now Index is short. We need to watch the 1st Trading session and see what will happen. The index is short in today's Intraday and you just need to wait for it. Levels ======== Today is only selling position and it has 2 points to build your short Position. 1st Sell Position: 10,640 Stop loss: 10680 Target and room in downside: 11580 Second Sell Position =================== Tricky but worthy. Wait a first Trading hour and see the pullback for the previous swing low and wait for test the stairs no 11 which is an Intraday Resistance. The level is 11740-11760 short from here Stop loss: 11800 Target and room in downside: 11670 Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
Nifty 50 Intraday Trade Setup for 24 August 2020Good morning everyone, In the last trading week, we have seen a sideways market. Momentum and direction both were missing in the nifty 50 Index. this is an indecision point to tell what our nifty will do this week. Possibilities on both sides and Index can give any move either upside or downside. The important thing is what you guys need to do at this point and what not do. First, stop chasing the trade and do not fight with the Market. There is no trade and you guys need to accept it. Let's talk about key factors for today's trade setup. Key Factor ================ 1-Union Minister said that the country will have a vaccine against the deadly coronavirus by the end of the year. India currently has three vaccine candidates for Covid-19 -- ChAdOx1, developed by Oxford University, manufactured jointly by the Serum Institute of India and AstraZeneca; Bharat Biotech's Covaxin, jointly developed with the ICMR, and the third is ZycovD by Zydus Cadila. 2-SEBI’s decision to appoint GP Garg as ED has sparked a "strong protest" from the market regulator’s employee association, which has objected to the practice of appointing outside persons or those from non-core streams. 3-India is poised to hire Deloitte & SBI Capital Markets Ltd. to help LIC of India prepare for an initial share sale. The Govt is keen to go ahead with the IPO, potentially India’s biggest to help plug a widening budget gap. 4-The country recorded 69,878 new coronavirus cases in the last 24 hours, taking the total tally to 29,75,70. During this period, 945 people lost their lives due to Covid-19 infection, taking the death toll to 55,794. 5-The RBI suggested bringing down the Govt’s stake in six leading PSBs to 51% over the next 12 to 18 months. This, the regulator feels, will give a much-needed push to the Govt’s disinvestment efforts. 6-The RBI is at the end of its rate cut cycle as inflation is unlikely to decline materially from the current level, and the onus of economic recovery has now shifted to the Govt. 7-SGX nifty is trading on 11419 which is 36 points up from the previous closing. Flat or small gap up is Possible. Technical View & Trade Setup ============================ Friday range (11420-11360) is so Important and you guys need to avoid trade btw this range. You can call them as Intraday resistance and support and our long and short can build on these levels. Nifty Strongest resistance on 11750 and support is on 10900. Sell the bellow image to understand the support and resistance in a longer time frame Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
1
TRADERSAI - A.I.POWERED NIFTY50 TRADING PLANS for TUE 08/11Hey folks, The trading levels for today, TUE 08/11, are as given in the chart (these are same as the levels for yesterday, Mon 08/10). Read below for more details. Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-7 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments. NOTE: Pay attention to the Take Profit and Stop Loss levels added as note ( iii ) below. Good luck with your trading today! *********************************************************** Hey everyone! After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index , we are now testing our models on the Indian stock markets with the NIFTY 50 Futures . This is our debut for you all who have been waiting for it! While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you! Notation: (i) Use these line crosses on your choice of time frame chart. Most aggressive - on a 1-minute chart Moderate - 5 to 15 minute chart Intraday swing - 30 minute chart Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results. (ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc. Solid Green Line: Models would go long on a cross above this line Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long). You can use Close-to-Close basis OR Open-to-Close basis OR Low-to-High, depending on your trading style. Solid Red Line: Models would go short on a cross below this line Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short). You can use Close-to-Close basis OR Open-to-Close basis OR High-to-High, depending on your trading style. ( iii ) Take Profit: Our NIFTY models are currently using a 20-point trailing stop activated once a 10-point profit level is reached. Stop Loss: Our NIFTY models are currently using a 20-point stop loss level activated at the entry. This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.
NSE:NIFTY
by TradersAIDotCom
TRADERSAI - A.I.POWERED NIFTY50 TRADING PLANS for THU 08/06 Hey everyone, The trading levels for today, THU 08/06, are the same as for yesterday. Read below for more details. Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-5 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments. NOTE: Pay attention to the Take Profit and Stop Loss levels added as note ( iii ) below. Good luck with your trading today! *********************************************************** Hey everyone! After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index , we are now testing our models on the Indian stock markets with the NIFTY 50 Futures . This is our debut for you all who have been waiting for it! While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you! Notation: (i) Use these line crosses on your choice of time frame chart. Most aggressive - on a 1-minute chart Moderate - 5 to 15 minute chart Intraday swing - 30 minute chart Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results. (ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc. Solid Green Line: Models would go long on a cross above this line Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long). You can use Close-to-Close basis OR Open-to-Close basis OR Low-to-High, depending on your trading style. Solid Red Line: Models would go short on a cross below this line Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short). You can use Close-to-Close basis OR Open-to-Close basis OR High-to-High, depending on your trading style. ( iii ) Take Profit: Our NIFTY models are currently using a 20-point trailing stop activated once a 15-point profit level is reached. Stop Loss: Our NIFTY models are currently using a 30-point stop loss level activated at the entry. This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.
NSE:NIFTY
by TradersAIDotCom