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Niftyindia

Nifty 50 Trade setup for 13th October 2021Good Morning Everyone, In yesterday's trading session, The Index has managed to close above 18,000, a sign of strength. We know the trend is still bullish, and the index has broken an Important level, but the main question is intraday because of both sides' moves. Intraday is very tricky in today's trading session because only 24 hours left in the expiry. The market structure is bullish in the hourly time frame and making higher highs. Harmonic ABCD pattern has given a dot reversal in Monday trading session and create a range that is valid for today's trading session. We will see a direction on a breakout; otherwise higher chances to see the range again. Trade Setup ================== Build long Position if the Monday high of 18,050 broken for the target of 18,150 and 18,200. Short Position can build lower than 17,940 for the targets of 17,900 and 17,850 Trade setup ============== RANGE HIGH: 18,050 RANGE LOW: 17,940 Essential support is: 17,800 Key Resistance is: 18,200 Trade Accordingly
NSE:NIFTY
by Virupandey81
Nifty Update for 08th October 2021 index has been seen trading in a narrow range with volatility. 17,800 to 17,900 is a 100 point no trading zone and also an indecision point. Consider a buying position above 17,900 for the upside targets of 17,950 and 18,000. 18,000 will act as a resistance as it is a psychological level. Below 17,800 Index can fall till 17,700 as it is a dynamic support. We may see a range bound session as there is not much room on either side for Intraday. Trade setup ============== Key support is: 17,700 Key Resistance is: 18,000 High probability of a sideways market today. Use your trading sense to trade. Trade Accordingly!
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by Virupandey81
NIFTY, RSI showing divergence - is it Trend reversal ❓🛑 NIFTY forming Higher highs in 4 Hour time frame , whereas RSI indicator showing divergence , By forming Lower lows ◽ Possible trend reversal may occur ◽Nifty as to close above 18000 otherwise , market will be weaker ◽Crude oil testing 3Y highs ◽Bond prices were increasing ◽ Inflation is an another concern ◽ Now everyone eyes and Everything depends on RBI event , RBI will likely to announce the Repo n Reverse Repo rate tomorrow morning If you like it do follow for more , Have a good day 😊
NSE:NIFTY
by agasthya_d
NIFTY 50 analysis for Tuesday ❗Hii Traders 😊 , Welcome to NIFTY 50 Futures and options analysis for intraday trading ...................... 🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker 🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages 🎯 Key levels to watch out intraday levels for day trader 🛑 Major resistance zone for Nifty is at 17760-17790 ◽ If market breakout resistance zone then we can see Target of 17880 as first target (if we see the Option chain data here 17800 CE holds more short position and next strike is 18000CE) ◽ Stop loss for this level is 17700 🛑 Major support level for Nifty 50 ◽ Support level for nifty lies at 17530-17500 ◽ If breakdown happens we can see the 1st Target of 17400 ◽ stop loss ie .17580 🛑 levels for Nifty Futures will be as follows ◽ Go long on nifty Futures if it breakout our resistance ◽ Don't short the market until below the 17500 ◽In between range is indecisive don't go long or short anything can happen 🛑 Tradeshots ◽ Resistance level for CE buyers /option buyers is at 17760-17790 ◽ support zone to buy PUT / PE is at 17530-17500 ◽ Nifty will be weaker on intraday basis below the 17500 Thanks for reading, If you like it do follow for more and give reputation which will boost mine confidence to do more. have a nice day 😊
NSE:NIFTY
by agasthya_d
1
NIFTY 50 Levels for 29th Wednesday ❗❗Hii Traders 😊 Welcome to NIFTY 50 levels for intraday trading 🛑 Nifty shown weakness in today's market 🛑 If see day frame chart we can observe one single Red candel which is covered almost last 3 day' trading session 🛑Which means sellers were aggressive in the market but buyers were to try to pull back things 🛑It taken the support at 17600 I'm repeatedly saying that it will be good support zone it taken support and try to pull back the things 🛑If we see the Day volatility it is about 0.94% which higher for index 🎯 Key levels to watch out intraday levels for day trader 🛑 Major resistance zone for Nifty is at 17940-17970 where at this point nifty tried to breakout this level ◽ If market breakout resistance zone then we can see Target of 18100 ◽ Stop loss for this level is 17870 here the pivot point control region ◽markett will shown some weakness if it traded below 17700 🛑 Major support level for Nifty 50 ◽ Support level for nifty lies at 17600-17560 ◽ If breakdown happens we can see the 1a st Target of 17430 ◽2nd target will be 17320 ◽ stop loss ie .17660 If market traded below this level I'm sure market will be weak on intraday basis ◽ For nifty their strong support at 17560-17600 if this zone is breakdown then we will enter into range bound market or short term correction ( consolidation) period for some days 🛑Stay light on your quantity 🛑 levels for Nifty Futures will be as follows ◽ Go long on nifty Futures if it breakout the resistance 17920-17950 ◽ If nifty traded above 18100 ◽If market traded above 18000 then shorter's will run for covering ◽ Don't short the market until below the 17700-17600 levels 🛑 Tradeshots ◽ Resistance level for CE buyers /option buyers is at 17940-17970 ◽ support zone to buy PUT / PE is at 17600-17560 ◽ Nifty will be weaker on intraday basis below the 17700 Thanks for reading 😊 I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it If you like it do follow for more and give reputation which will boost mine confidence to do more. have a nice day 😊
NSE:NIFTY
by agasthya_d
Nifty 50 chart analysis Nifty formed an green hammer (Which is telling that there was selling pressure during the day ultimately a strong buying pressure drove the prices . This is what happened today) And if we see the intraday volatility today is about 0.72% which is good volatility range Positive sign :- closed above intraday pivot control point of 17500 level which is 1st resistance level for Nifty today I give an caution for option sellers (u can see in mine profile) ie. CALL shorts will get covered if breakout of 17500-17530 levels If go and see the option chain data (Given link below ) u can more shorts get covered in between strikes of 17500 to 17800 . Let's watch out intraday levels for Nifty for 22 SEP 🎯 Key levels Buying CALL only above 17620-17650 level which very crucial resistance zone And Buying PUT option only when traded below the 17330-17300 level which is very crucial support zone And Nifty will become when it's Traded below the 17450 level which is control pivot point region and don't short market until breakdown down this level [ call writers] otherwise u will run for covering
NSE:NIFTY
by agasthya_d
1