Nifty Futures Key Trading Levels for 5th May 22_ExpiryNifty Futures Key Trading Levels for 5th May 22_Expiry
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Niftyintradaylevels
Nifty Futures Key Trading Levels for 4th May 22Nifty Futures Key Trading Levels for 4th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
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.
Nifty Futures Key Trading Levels for 2nd May 22_Monday#Nifty50Futures Key Trading Levels for 2nd May 22_Monday
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Intraday Update for 29th April 22Nifty 50 Index bounced back sharply and recouped all its previous day's losses to close above 17,200 levels powered by rally in Financial, oil & gas, IT and FMCG shares. The Index finished the April derivatives (futures & options) series 253.2 points or 1.4 percent lower. The declining volatility (India VIX) also supported the market but needs to cool down further to support the bulls.
This week has been full of gap ups and gap downs (and index trading in range after opening -except on yesterday where we saw a trending move) with Index opening gap down on Monday, gap on Tuesday, gap down on Wednesday and again gap up yesterday. Overall, the index has been moving in a range of 16,850-17,450 levels for a couple of weeks now, with moves in both direction, which will also be the key levels to watch for coming sessions.
India 50 USD (Lower TF for Intraday)
Index has formed a good bottom with the price making higher lows. The trendline resistance and Immediate resistance at 17250 was broken decisively and has been retested, which has activated XABCD pattern and is indicating 17450-17500 as our next target. This is an important level to watchout for as current downtrend will reverse only of if this level is broken and sustained. 17250 and 17070 will act as immediate supports.
India 50 USD (Higher TF)
Index has formed a XABCD pattern which will be activated once the major hurdle at 17450 levels is broken/sustained and will fuel the rally to 18000 levels. The downward momentum will continue below 16850 levels (ABCD pattern will also get activated and the probability of testing levels around 16250 will open up).
Nifty Futures Key Trading Levels for 29th April 22_Friday#Nifty50 Futures Key Trading Levels for 29th April 22_Friday
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Intraday Update for 28h April 22Nifty 50 Index continued to fall on Wednesday, after a day's breather, on account of weak global cues. Most sectors were in the red with heavyweights such as Bajaj twins and ICICI Bank being the biggest drags. Index traded in the range 17100 – 16950 during the day with high volatility. The volatility (India VIX), which had cooled down significantly in the previous session, spiked over 20 levels again. VIX needs to be back around 17-18 levels for some kind of stability in the market.
April Series Expiry Day (India 50 USD Index)
No major changes in last 2 trading session Index was rangebound yesterday with high volatility , The levels we discussed in yesterday’s analysis is likely to hold good during today’s sessions as well. Key support is at 16850 and 17070 / 17250 is likely to be important resistances for the day. If the key support is broken and retested, ABCD pattern will be activated and the downward momentum will continue. Short term Trend reversal can be confirmed only if the major hurdle at 17450 is broken and sustained. Today being the expiry session for April futures and options contracts, index is likely to trade in the range with high volatility.
Since SGX Nifty is trading flat, we are likely to open on a flat note.
Daily Time Frame
Nifty Futures Key Trading Levels for 28th April 22_Expiry#Nifty Futures Key Trading Levels for 28th April 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Futures Key Trading Levels for 27th April 22#Nifty Futures Key Trading Levels for 27th April 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Intraday Update for 27th April 22ifty 50 Index reversed the previous day's losses yesterday on positive global cues with all sectors participating in the rally. Volatility (India VIX) also cooled down to 19.18 but needs to fall way below the 18-mark to make the bulls comfortable. After gap-up opening, Index traded in a range throughout the session, extending the rally late and closing at 17200 levels.
India 50 USD Index Analysis (Intra-day)
=================================
The last couple of sessions have been tricky, with frequent gap down/up openings, apart from the sudden intraday moves in both directions and today’s session will be no different. US Markets fell significantly as fears of an economic slowdown continued following Monday's short-lived recovery. Taking cues, Index fell sharply overnight, again taking support at 16850 levels (important support for the week), made a sharp bounce and is currently trading at an important psychological level of 17000. 17070 and 17250 is likely to be important resistances for the day. The downward momentum will continue below 16850.
Since SGX Nifty is trading significantly lower, we are likely to open with a gap down , Index is gonna volatile in intraday so wait first 30 to 45 minutes to build your intraday.
India USD Daily TF
==================
16,852 is the major support for the Index and it has already created a double bottom at this price, our ABCD pattern will be activate id this level break.
Nifty 50 Intraday Trade Setup for 26th April 2022Nifty 50 Index suffered sharp losses on Monday on back of weak global cues amid concerns about aggressive monetary policy action by the US Fed. India VIX also shot up and is now back to 20+ range. However, gain in ICICI Bank on back of good results, brought back some positivity in the Banking sector. Index is now trading in the 16800-17500 range with high volatility.
INDIA 50 USD Analysis (Higher TF)
Index gave a strong closing at around 17100 levels forming a hammer candle and double bottom at support, as US markets ended a volatile day in green as government-bond yields fell. The downward momentum will continue below 16850 and will reverse above 17450 levels (Important range for the week).
INDIA 50 USD Analysis (Shorter TF - Intraday)
Index has stopped making Lower lows and formed a double bottom at 16850 levels (strong support). The pullback rally will continue above the days high of 17100 levels and will gain momentum if 17275 levels is broken and sustained, which is likely to be the immediate resistance followed by a major resistance at 17450. We will see a range bound day today as India VIX is likely to cool off.
Since SGX Nifty is trading slightly higher, we can expect a small gap up today.
NIFTY | Might see a big drop.When it comes to the technical analysis of NIFTY, you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
If you find this technical analysis useful, please like & share our ideas with the community.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Nifty Intraday Update for 22th April 22Nifty 50 Index entered a second straight day of pullback on Thursday, rebounding 400+ points in two days. Strength in IT stocks along with heavyweights Reliance and the HDFC twins aided the up move. The Nifty50 has formed a long bull candle on the daily chart, confirming a bullish reversal pattern for the short term (follow up move after forming a ‘bullish harami’ – as highlighted in Thursday analysis). Will the pullback rally continue? We are currently in the correction phase of the down-move which started during April 2nd week and a half bat pattern is formed at 17450-17550 levels. This level is likely act as a strong resistance, because of the unfilled gap and we saw a strong down move when this level was broken on Monday. 17500-16800 is the wider consolidation range.
Intraday (45M TF)
Index gave a strong closing, breaking the trend line resistance which was holding the downtrend. XABCD patter was activated after the gap up. The pullback rally can continue only if price closes and sustains above 17420 (PDH). There is no much room for an up move, because of the PRZ and unfilled gap and 17550 levels is immediate target and we have multiple swing highs going up, which will act as resistance. 17250-17200 can act as an immediate support. lHowever, since SGX Nifty is trading significantly lower, we can see a gap down opening today. In case of gap down (Price opening below we will follow our 30 minutes range break-out strategy.
Key levels for NiftyI have provided key levels for nifty. This can act as support and resistance accordingly. Since we have volatility contraction today(side ways whole day), we can expect volatility in next trading day( 21st April 2022) and can move in any direction.
Disclaimer: This is for educational purpose only. Any buy or sell is not recommended. Please do paper trading before entering into market.
Nifty 50 Updates for Expiry session 21st April 2022Supported by positive global cues, Nifty 50 Index ended its five days losing streak and ended in green zone on Wednesday. Index has formed an ‘Inside Bar’ / ‘bullish harami’ after taking bounce from demand zone (Half Bat pattern – as highlighted in the weekly analysis.), trapping the late shorter. This pattern signals a trend reversal on proper follow-up, and we can see an pullback rally, if days high is broken and sustained. The volatility (India VIX index) also cooled by 5.6% to 18.67 after spiking to around 20 levels, indicating a consolidation and limited downside in the markets.
Intraday
India 50 USD Index gave a strong closing above 17220, breaking the trendline resistance. The pullback rally is likely to continue if 17320 level is broken and sustained, which is the previous swing high and 17100-17050 levels is expected to act as a support. Nifty is likely to expire within in this range. We can see a strong down move ,till 16850, only if the support intraday support is broken. As SGX Nifty is trading higher, we can open with a small gap.
Simple Trade Setup | NIFTY | 21-04-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 15min time frame, if we ignore yesterday's last fall, then we can see today NIFTY was sustaining low of 18th April 2022 and made it as a good support. Range of 17065-17075 will work as immediate support.
Please refer below chart : 15min time frame.
Also on 15min time frame, we can see short term resistance trendline.
Please refer below chart : 15min time frame.
-------------------------------------
Trade Setup for 21-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty Futures Key Trading Levels for 18th April 22Nifty Futures Key Trading Levels for 18th April 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Simple Trade Setup | NIFTY | 18-04-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty view 13/04/22.Nifty has created a gap an has traded in a range.
It took support from its 20ema on daily time frame and 200 ema on 30 minutes time frame.
Support :- 17520, 17425, 17325
Resistance :- 17590, 17670
If the level of 17670 breaks the market will cross ita Resisitance level and 200 ema on smaller time frame.
Wait and watch the price action near the levels.
Just remember to watch for a break out as tomorrow is expire and gaps can be filled.
Nifty Futures Key Trading Levels for 13th April 22Nifty Futures Key Trading Levels for 13th April 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NiftyFutures Key Trading Levels for 12th April 22NiftyFutures Key Trading Levels for 12th April 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.