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Nifty Intraday Trade Setup for 11th May 2020Good Morning everyone, Hope You guys having fun in this lock down :P Last 2 week have seen mix movement . Index has made high 9889 and not sustain this level and fallen from their physiological barrier near 10000. if I talk about last week then Index trade most of days in a narrow range. specialty last 2 trading session Thursday and Friday. This range is most Important for today Trade setup . Index will give momentum if this range break ... Lets see what is the key factors for today Intraday and what is our technical view for today. Key Factors ==================== 1- SGX trading 45 points from last Trading session so we might be see a 30-40 Gap up today. 2- Crude is near our Harmonic PRZ and can be sleep from this level. 3-Market will continue to monitor the extent of the spread of coronavirus infections, March quarter earnings and government's next step regarding the stimulus going into new week. 4-US stocks rose on Friday even after the ugliest monthly jobs report ever as investors.Dow jumped 455.43 points, or 1.9%, to 24,3331, closing near its session high. S&P500 gained 1.6%, or 48.61 points, to 2,929, while Nasdaq climbed 1.5%, or 141.66 points, to 9,121.32 5-FII Bough 1,724 CR and DII sell 1503 Ce on Friday Trading session Technical View ================= Nifty Major Resistance is still on 10,000 and Major support is on 8,900. I had seen A bearish divergence in nifty50 and SGX nifty as well . 9100 is an Important level to watch. Index can their support (8900) if 9100 Break..Also a head and shoulder Pattern formed in sgx nifty Neck line is on 9090 . Check The bellow Image . Trade Setup =============== Last 2 day Range is Important . Buy above if Index sustain 9370 and build a short position if 9100 Break. 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 the different view and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
2
Nifty 50 Intraday Trade Setup for 06th May 2020Good Morning Everyone, Hope you all doing great and made an handsome profit in Yesterday . Index reversed exact from our 1st sell level and it's come from top which was great but what about today ? This is the main question for us. Bear is always strong the Bull and keep one thing in your mind that we are in a bear Market so be careful in long position.Lets check what will be our today Trade setup for 06th may... Key Factors ===================== 1- auto and materials stocks came under selling pressure on Tuesday. 2-US stock indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased corona virus-but in today morning DOW fallen again from the opening price and trading -83 point from previous closing.. 3-FII SOLD IN CASH -1059.39 Cr and DII SOLD IN CASH -995.30 Cr. on Tuesday. 4- Crude seems stable and in short term uptrend. Technical View ==================== Supports : Nifty is break the neck line of hourly H&S pattern and managed to closed lower then it . 9140 is a weak support if index break this level then we can see a free fall again and Index can test their major support area which is on 8850-8900. Resistance : First Resistance on 9420 and major resistance is on 10000. Trade setup : ====================== Market is going to open flat and we can see a narrow range today means moment will be slow in Intraday. A : Long position can build above on 9400 B: Short can be consider lower then 9130 Writers can see 9450 CE and 9100 PE for 7 may expiry . 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 the different view and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
1
Nifty 50 Intraday Trade Setup for Tuesday 28th April 2020Good Morning sir's, First aspect my apologies for not posting the Intraday Trade setup for Nifty 50 and Bank Nifty Index both.We had seen a narrow range in Nifty 50 Index , Most of come from gap up and Index traded btw 9380 to 9250. This range is valid for today as well and an Indecision. SGX and Onanada both has shown the strength in Nifty future while we're selling so most of chances for a gap up opening. Key Factors =============== 1-Reserve Bank of India (RBI) announced a special liquidity facility of Rs 50,000 crore for mutual funds to calm investors jittery after the Franklin Templeton fiasco. 2- Dow has also shown strength and closed 358.5 Point up from previous trading session. 3- Crude Oil is still weak. 4- Indian rupees are stable 5- According to Option chain data Nifty Range will be 9000-9500 Nifty key Resistance for Intraday is 9500 and support is on 8900 as per my own tech analysis... Intraday Trade setup ====================== Buy : Only and only when nifty cross 9450 and sustain first hour above on it. Sell : Short Position is tricky and I am getting 2 levels A: First Position come from 9370-9400 with 9450 sl . If you see any gap up Opening then you can build your short position here .. For : aggressive Traders B: Safe Trader can build their short lower then 9140 Good Luck and Happy trading
NSE:NIFTY
by CodeViser
6
Nifty Intraday and weekly Expiry Trade setupGood Morning sir's Hope you all did good in yesterday Trading session. Our Trade setup work perfectly. Yesterday Index closed 2.29% in upside . Remember today is expiry day I called this day as " Writers day" . I Think Index will be trade in a range today if we talk bases on yesterday sentiment then most of you're bullish but as I always said everyday is different then others in Intraday so do not come on next day on previous day sentiment... Key Factor =============== A: SGXNIFTY trading almost 0.63% up in thoday Morning.. B: Dow closed 1.99% above from previous day.. C: Crude is still weak. Trading 1.35% lower from previous day.. Let's see how our market will be react today on the above Scenario Nifty Intraday Resistance is 9400 and support is on 8700. Trade Setup =============== Buy ------------- A : Build a Long above 9270. Stop loss should be 9180 closing basis. Sell ----------- B: Sell if 9040 break in Intraday . Stop loss should be 9190 Note : Wait for first 30 minute to get the Index settle. These Levels are based on previous data and can destroy on Huge Gap up or gap down so wait first 30 minute and observe the Index move. Will update More in live market... Good Luck and Happy trading
NSE:NIFTY
by CodeViser
Nifty Intraday Trade setup for 22 April 2020Good Morning everyone, Yesterday We has seen a major dump in Nifty Index. Total correction is 280 points in Intraday. Sentiment is negative as per we yesterday Negative but as I always said that everyday is different then others in Intraday so do not come on next day on previous day sentiment... Key Factor ============ SGX is almost 71 Points down atm. Dow close lower then 631 points from previous day . Let's see how our market will be react today on the above Scenario Nifty Key Resistance is 9150 and support is on 8700. Trade setup ================= A -Buy Level Build a long position if price sustain above 9050 B- Sell Level ============== Sell if price break 8800 Level Note : Wait for first 30 minute to get the Index settle. These Levels are based on previous data and can destroy on Huge Gap up or gap down so wait first 30 minute and observe the Index move. Will update More in live market... Good Luck and Happy trading
NSE:NIFTY
by CodeViser