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#Nifty Trading Important levelsOn 1 Hour Timeframe, NIFTY trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Nifty. Breakdown Move - Confirmation for breakdown will be if Nifty starts trading and sustain below 22220 level - Downside rally nearly 500 points expected in case of breakdown - Intermediate support expected near 21880- level - Short Trader can place there stop loss if Nifty starts trading above 22250 level Breakout move - Long side movement expected in case Nifty starts trading and sustain above 22250 level - Above this level Nifty can go upto the 22760+ level. - Intermediate resistance expected near 22580 level - Long trader can place there stop loss if Nifty starts trading below 22220 level.
NSE:NIFTY
by TradZoo
Nifty Intraday Update for 4th May 2022As expected, Nifty 50 Index opened with a huge gap down on Monday. However, the index recouped most losses by the end, taking support from 16900-16800 levels where reasonable buying has emerged in the past few weeks. Index also strongly defended the psychologically vital mark of 17,000 and gave a good closing. Volatility remained high at above 20 levels, which suggests that there could be wild swings in the market, ahead of the upcoming Fed meeting later tonight. India VIX was up by 4.46 percent at 20.28 levels. The much-awaited LIC's mega IPO sale is due to hit the Street today. Nifty 50 Index (Daily TF) Index has formed a strong bullish candle. Since last two weeks, Index is holding the 16,800 level but failing to show a sustained momentum, and the market appears to be consolidating within a broad range of 16,800-17,450 with wild movements in both the directions. Weekly range remains intact. Upward momentum will continue only if 17450/17500 levels are broken and sustained, and the rally can continue till 18000 (XABCD pattern getting activated). A breakdown and retest of 16,800 can drag the index to 16200 levels. (ABCD pattern will get activated on breakdown). 17090 and 17000/16900 are important levels for the day. Follow us for real-time updates as the day progresses. SGX Nifty has been trading flat and we can see a flat to positive opening today.
NSE:NIFTY
by CodeViser
1
Nifty Trade Setup for 08th Nov. 2021s3.tradingview.com Good Morning, Everyone. I hope you guys have enjoyed this long weekend. Now time to go back to work. First, Our Market has been closed Thursday and Friday sessions, but India USD and Sgx are both open. India USD is trading on 17,987, which is a clear sign for a gap-up opening. I did some analysis yesterday and found that the IT and Auto sector can lead nifty in this week. I Have posted two charts and tried to explain the current market scenario. We can see a short-term uptrend in the 15-minute time frame. 18,035 is the Harmonic PRZ area, which is confirmed as resistance in a 2-hour time frame as well.18,035 is a critical level in the Intraday can accept a short-covering move on breakout Key & Intraday Resistance : 18,035-18,050 Intraday Support : 17,900 Key Support : 17,750 Trade accordingly
NSE:NIFTY
by CodeViser
Nifty Update on 03rd Nov. 2021 Good Morning, Everyone. I hope you did well in yesterday's trading session and made some good money from our analysis. Nifty fell exactly from our given level in yesterday's trading session and closed at 17,888.95. The sentiment is still negative, and 18,000 to 18,050the whole area is a considerable supply zone for nifty 50, so you need to be careful in your long positions. India USD is trading at 17,981, almost 54 points up from the previous closing, so a 40-60 point gap up is possible in today's trading session. Intraday & Key Resistance : 18,000 to 18,050 Key support : 17,650 Intraday support : 17,850 Trade accordingly
NSE:NIFTY
by CodeViser
Nifty 50 Intraday Trade setup for 8th June 2020Good Morning sweet peoples, NIfty was damn bullish since 28th may and give an awesome really in the upside, 1000 point is just 10 days. Question is Can we trust on this bull run or it's just a bull trap only for retail investors. Well, a downtrend has never ended in just 2-3 months. The average cycle of a downtrend is 9-10 months and we learn this from history. Nifty major supply zone is 10,400 to 10,550 and we must keep an eye on this level. Let's talk first about the key factors which can affect today's trade setup. Key Factors ====================== 1-Moody’s downgrading India’s rating recently, Any further downgrade will make India susceptible to flight of capital and leave its currency vulnerable. 2-India went past Italy to become the sixth worst-hit nation by the Covid-19 pandemic. India saw a record single-day jump of 10521 coronavirus cases and 297 deaths on Saturday, pushing the nationwide infection tally to 2,46,622 and the death toll to 6,646. 3-Banking system credit down almost 50% from a year ago, reflecting the impact of the nationwide lockdown imposed at the end of March. 4-The coronavirus pandemic, which has presented challenges for several nations, could be an opportunity for India to speed up the health insurance scheme Ayushman Bharat, especially with a focus on primary healthcare. Pharma sector is still bullish 5-SGX nifty has given a good really in upside on Friday after our market closed and made a new high 10352. Currently trading on 10234 which is still high and we are going to see a Gap Up Opening today. 6- US30 Aka Dow also made a new high in the last 2 trading sessions almost 1000 point rally. 7- Asian market also seems bullish. 8-Foreign institutional investors (FIIs) poured in Rs 13,927.52 crore in cash markets (equity) in the first week of June, which was higher than Rs 13,914.49 crore invested in the entire May. Technical View ======================= SGX Nifty ------------------- Let's talk first about SGX nifty. Our Index has not much enough data because of limited trading sessions. SGX almost trading on its supply zone. look the Bellow picture India 50 ---------------- Nifty 50 Index =================== Our Nifty Future trade in 2 places and I mentioned both of chart above. NIfty Major Resistance area is 10,420 to 10,550 and we must keep an eye on this level. The support zone is 9,602. The index is trading in an uptrend channel and the channel resistance area is also on 10,400 to 10,500. Trade setup ==================== Due to a gap up opening, most of the levels are destroy here so we will our 15-minute range strategy for today's trade setup. Wait for a 15-minute mark high and low of the candle and set up your trade according to it. 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 20th may 2020Good Morning Everyone. Hope you guys doing good and making good money from the Market. Yesterday we have seen a short covering tho a gap up :P after that Index trade in a wide range. Upside Area is 9030 and down side level is 8855. Now question is what about today ? I think before the expiry we can see a choppy market about to manage the call and put price differences. Let's Talk about the key Factors. Key Factor ================ 1- SGX Trading 27 up from previous closing so we are gonna to see a flat Opening in nifty 50 Index. 2-Today is the 57 day of India’s nationwide lock down, meant to curb the novel corona virus pandemic. The lock down has been extended till May 31. Many restrictions have been eased, especially in non-containment zones, according to the new guidelines. Confirmed COVID-19 cases in India stand at 1,01,139. The death toll from the outbreak in India is at 3,163. Maharashtra, Tamil Nadu, Gujarat and Delhi have reported the highest number of cases 3-On Tuesday, market participants seemed skeptical about the longevity of the up-move. Telecom, PSU, Auto and FMCG indices gained, while PSU Banks index fell, reflecting increased caution on asset quality after the government suspended the IBC mechanism for a year on Sunday. 4- Crude Oil is steady and Strong. 5-the Dow Jones Industrial Average was down 136.92 points Technical View ================= Resistance : NIfty break their key support on 18th May and give a good move in downside now this support role change and becoming a resistance in today Intraday. Nifty Major Resistance is still on 9900 Support : 8800 is the support level for Intraday and Key support is on 7670. which is come from Harmonic Pattern Option chain data ======================== Call Option chain data : Maximum call OI of 14.95 lakh contracts was seen at 9,300 strike, which will act as crucial resistance in the May series. This is followed by 9,000, which holds 12.89 lakh contracts, and 9,400 strikes, which has accumulated 9.95 lakh contracts. Put Option chain data : Maximum put OI of 22.02 lakh contracts was seen at 9,000 strike, which will act as crucial support in the May series. This is followed by 8,500, which holds 21.17 lakh contracts, and 8,800 strikes, which has accumulated 11.05 lakh contracts. Max Pain level for weekly Expiry is : 9200 Trade Setup ============== In Intraday you can build long above 8960 sl : 8900 Short Position is can build Lower then 8800 sl : 8880 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 Expiry & Intraday Trade Setup for 14th May 2020Hello everyone, Hope you guys didn't get Bored in this lock down and still making money from stock market. Nifty Move and momentum both is damn volatile in these day. Government tries their best to not let the market down but question is how long will they hold and in this negative sentiment and does 20 lac crore simulation package does the help market ? My thought is Current GEO political and Market scenario is not for Buying side. I am not talking about Intraday here. I am talking overall sentiment in the upcoming days so I suggest do not for Investment. Our Best time still to come and we need to wait for it patiently . Let's Talk about today and know how our market will be respond and what key factor, TEchnical we have for today Trading session. Key Factors ================= 1- Nifty Open a good gap up on Wednesday Trading session but failed to hold 9600 Level. 2-The Finance Minister announced the first tranche of the mega stimulus package on May 13 and said that the remaining details of the Rs 20 lakh crore stimulus package will be disclosed in the next few days. 3-SGX Trading in Negative Note. Current Price is 9271 which is down more then 128 points from previous closing. Aspect a Gap down in Nifty 50 Index. 4-DOW still weak and slip more then 200 Points from Previous closing. 5-European market also weak and fallen on Wednesday Trading Session. 5- Crude oil Trading in a narrow Range but Yeah still steady. Let's see how these factors will affect to our Market. Technical View ================== Would Like to talk first about SGX nifty. Check the bellow Image, Tried to explain on chart :P On Wednesday NIfty formed a Bearish Belt hold candle and failed to hold the opening price and started to fallen from yesterday Opening . Nifty is still weak on chart and yesterday low is very important for us for today Intraday setup but also keep remember that today is Expiry day and options writers can manage the sentiment and the Market . Support ============ NIfty Break their Intraday Resistance with gap up and close near about this resistance. Now this is support and a very Important price for Bear side Traders. Level is 9350 . Nifty key support is still on 9000 Resistance =============== Nifty Intraday Resistance is above on 9470 and key resistance is still on 10,000 Option chain data ================= As per Option chain data we are getting a huge range for today Trading session . Options data indicated Nifty’s immediate trading range between 9,000 and 9,700 levels. India VIX moved up 1.65 per cent to 38.83 level. Overall, higher volatility could continue to keep Nifty in a roller-coaster ride in a broader trading band. Trade setup =================== Long : Our Long position will be open if Index sustain above 9475 with 9380 Stop Loss (Closing basis) Short : Our Short Position will be open lower then 9350 which seems to break with gap down so wait first 30 minute to see how the Market will be react .
NSE:NIFTY
by CodeViser
3
Nifty 50 Intraday Trade Setup for 12th may 2020Good Morning Everyone, Hope you all are doing good and made some good money in yesterday Trading session. Again Nifty failed to break their 1 week range. Yesterday We had seen a huge gap up opening but Index not sustain above then 9400 and closed on 9239.Index currently Trading in a range from last one week upper side level is 9400 and downside level is 9100. 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 looks weak and trading on 9158 which is 56 point lower then previous closing. We aspect 40-50 Gap down in Nifty 50 Index. 2-March IIP and April CPI numbers will be out on Tuesday and they may have an impact on market’s trajectory over the next few sessions. 3- Last 2 Trading session DOW is taking support from 200 EMA in hourly time frame. Index trading on 24040 which is 157 point low from the previous closing and trading again on 200 EMA. 4-Asian markets were little changed as investors await the release of Chinese inflation data expected to be out later in the day. Nikkei 225 was largely flat in early trade while South Korea’s Kospi dipped 0.38%. Meanwhile, the S&P/ASX 200 in Australia slipped 0.67% 5- Crude Oil Prices is steady and rise. 6-Chinese advisers call for talks on new trade deal with US: Report Technical View ================== Lets talk first about SGX nifty where our Nifty future trade . SGX has also made a H&S pattern in 2 hour time frame which is show weakens of the Index. Neck Line Level is 9,050 check the bellow Image. Resistance ============== Intraday Resistance is on 9400 and Key resistance is on 9,900-10,000 Support ================== Nifty Intraday support is on 9100 and key support is on 8,900 so shorter keep an eye on 9,100 for Today Trading session Tuesday 12th May Trade Setup ==================================== Buy : Only and only if Index sustain above then 9,400 Sell : Sell if Index break week range which is lower then 9,100 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 Weekly Expiry day analysis for 30th April 2020Hey Everyone, Hope you all are doing good. Yesterday was an awesome day if we talked about for our analysis. 9450 was a perfect buy levels and I hope you guys has made good money in Nifty. Today scenario is for a gap up Opening and we can see a 140-170 point gap up Opening. Gap up always destroy the previous levels and data. Nifty is still trading on the top of resistance 9800 to 9960 this all range is a supply zone so be careful in buying side specially in future and option buying. These levels come from lot of calculation and I don't think that nifty is going to cross 9850-900 since are about to open a gap up/ Key factors ============ 1- Nifty future trading on 9705 on SGX NIFTY it's almost 1.84% from previous day.. 2 - Crude Oil is still weak 3-Metals and financial sectors is strong and they are the reason for current really. 4- Dow and us stocks jumped on Wednesday on hopes of potential corona virus drug.. 5- us GDP in the first quarter contracted 4.8%, compared with estimates of a 3.5% drop ( Negative) 6-European and Asian Market is closed on a flat note on Wednesday. Let's see how these factors will affect in our Market Technical View for Today -------------------------------------- A : Nifty Break the 9500 resistance area and manage to closed above on it now this resistance convert as a support for Intraday. Major Resistance area and supply zone is 9970-1000. There is a gap also which come on 19th march. Might be Index gonna to fill it. B : Nifty Intraday Support is on 9400 and key support is on 8850 Intraday Trade Setup ========================== Buy : Well I do not feel comfortable in Buying side and avoid trading in future for trading session. will start to sell 9800-9900 CE for today Expiry.. Sell : Sell if Index break 9400 Levels which is Impossible for today. Conclusion ================ Index might be choppy because of Expiry and we prefer options selling . 9400 and 9800 looks good and both will be zero for today so hedge your positions and be safe... 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
Nifty Intraday Trade Setup for 17th AprilGood Morning everyone, Yesterday we have seen a slow and steady up move but nifty failed to break and sustain above 9060 . This was an Important level for today setup but SGX nifty is up more then 200 points in this Morning. We are going to see a gap up today for sure. Global Market Impact ---------------------------- A- DOW is steady and has no clear move. Neither upside nor downside. B- SGX Nifty is Up more than 200+ Point. C- Gap Up expected in Our Nifty Let's see how our Market Reacts today on the above Scenario. Nifty key Resistance area is 9260 and this is an important level. Trade setup for 16th April =============================== Buy Nifty above 9430 Stop loss : 9250 Target : Open Sell Position is tricky as 2 levels come in sell side . 1- If you see a gap up and Nifty test 9250 level again then you can setup a short position there with tight sl ( 50 points). target is huge in downside. 2 - Second Position is sell lower than 8800 ..
NSE:NIFTY
by CodeViser
6