NiftyFutures Key trading levels for 12th July 22#Nifty50 Futures Key trading levels for 12th July 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.
Niftyintradaysetup
NIFTY Analysis/Prediction for tomorrow 13-07-2022NSE:NIFTY Analysis/Prediction for tomorrow 13-07-2022
For Flat/Gap-UP Opening
🟢 Buy CE above 16130
✔️ Target Should Be 16230
🔴 Buy PE below 16000
✔️ Target Should Be 15930
For Gap-Down Opening (above 16150)
🟢 Avoid CE
🔴 Buy PE below 16000
✔️ Target Should Be 15930, 15880
Note:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 100 points wait for pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like: Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Nifty Intraday View 13th July 2022Long above 16095, Keep Trailing profits as per the mentioned resistances. SL - 15990
Short below 15990, Keep trailing profits as per the mentioned supports. SL 16100
You can use the mentioned lines for scalping.
NOTE : Please don't jump into the market as soon as it open. Understand the trend and then only enter the trade.
Nifty Trade Setup Based on SGX movement for 11th July, 2022Daily TF – Weekly Range
The index has stopped making lower lows and broke the previous swing high of 15,950 levels (after retesting) and downward trendline resistance, activating the XABCD pattern and is likely to face resistance at 16,475/500 levels (Harmonic PRZ), which if it sustains can retest the major previous swing high of 16,800. The range finally shifted after 2 weeks of consolidation. Does this indicate a short-term trend reversal? We are still in a declining market and will have to wait for additional confirmation of the index sustaining 17,000 to confirm the trend reversal. 15,950/16,000 levels which the index broke previously will act as good support.
Weekly Range – 15,950 – 16,500
1Hr TF – Intraday
The index traded in 120 points range on Friday and the range break can give good momentum on either side.
Key Levels (targets if levels broken)
Support: 16,150 (target – 16,070 – XABCD Hrly PRZ)
Resistance: 16,300 (target – 16,475 – XABCD Daily PRZ)
Nifty 50 Intraday Trade Setup for 08h July FridayThe Index closed in the green on expiry day and maintained a positive sentiment in the market. Today is the last day of the current week, and today is closing matters on the weekly chart.
On the daily chart, The Index has given a breakout for the phycological level(16,000) and sustained above. The main question is, " does the bullish sentiment continue ?"Multi-time frame analysis helps a lot in finding the answer to this question.
ABCD pattern activated, and the PRZ area is 16,344
XABCD pattern also triggered, and the Harmonic PRZ area is 16,610 for the short-term swing
Hourly chart (Intraday )
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Used hourly TF to calculate the Intraday levels for the Friday trading session. The lower Time frame also has a Positive Price structure for the target of 16,268.
Intraday Resistance : 16,150
Intraday Support : 16,000
Nifty 50 Intraday Trade Setup for 07h July Expiry sessionThe Index rally in yesterday's trading session was excellent, with More than a 1% gain after the 21st of June. Global sentiment is Positive. Crude oil is trading below 100$ after may month, and now waiting for DXY to cool off to keep the momentum on.
On the daily chart, the Index is trading on the trend line resistance with a long bullish candle but still needs to sustain above 16,000 and close above it.
ABCD pattern activated, and the PRZ area is 16,344
XABCD pattern also triggered, and the Harmonic PRZ area is 16,610 for the short-term swing
Intraday
============
Used 30-minute TF to calculate the Intraday levels for the weekly Expiry. The lower Time frame also has a Positive Price structure for the target of 16,268.
Intraday Resistance : 16,030
Intraday Support : 15,900
Trade Accordingly
Nifty 50 Intraday Trade Setup for 05th July 2022Nifty50 Index on Monday snapped a three-day losing streak and closed higher on Monday. The U.S. market was closed for a holiday yesterday and hence in the absence of strong global cues, we are likely to see a flat or slightly positive opening. We are still in the declining markets which are always tough for intraday traders because of the sudden up and downside moves and one must be ready for it.
Nifty 50 Index – Daily TF
After hitting a fresh 52-week low of 15,183, the index has given a good recovery and has stopped making lower lows. The index is consolidating in the wider range is 15,950 / 16,000 to 15,500 with a positive bias. A sustainable up-move above 16,000 (psychological resistance) will activate the XABCD pattern and is expected to pull the Index towards the next resistance of 16,300 and then towards 16,600 after gap fill. If the index fails to sustain 15,500, it can retest the previous swing low of 15,180/200 and we can see more fall below these levels to 14450/500(ABCD pattern getting activated).
Nifty 50 Index – 2Hr TF
The index is taking support from the dynamic trendline and is facing multiple rejections on the upside forming an ascending triangle pattern. A fresh uptrend rally is possible if the index breaks out and sustains 15,950/16000 levels and the index can test 16,300. However, if the index fails to sustain the previous swing low (15,500), it can fuel a downfall to 15350/15,200 levels.
Nifty Futures Key Trading Levels for 14th June 22#Nifty50 Futures Key Trading Levels for 14th June 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 13th June 22#Nifty50 Futures Key Trading Levels for 13th June 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 Analysis/Prediction for Tomorrow 25-05-2022 WednesdayNSE:NIFTY Analysis/Prediction for Tomorrow 25-05-2022 Wednesday
For flat Opening
🟢 Buy CE, If price closes above 16145
👉 Target-1 should be 16250
👉 Target-2 should be 16380
🔴 Buy PE, if price closes Below 16000
👉 Target should be 15820
For flat Gap-UP
🟢 Buy CE, If price closes above 16260
👉 Target-1 should be 16400
👉 Target-2 should be 16520
🔴 Buy PE, if price closes Below 16120
👉 Target-1 should be 16000
👉 Target-2 should be 15820
Gap-Down Below 16000
🟢 Avoid CE
🔴 Buy PE, near 16000
👉 Target-1 should be 15800
👉 Target-2 should be 15700
Nifty Futures Key Trading Levels for 24th May 22
Nifty Futures Key Trading Levels for 24th 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 Analysis/Prediction for Monday 23-05-2022NSE:NIFTY Analysis/Prediction for Monday 23-05-2022
For flat Opening
🟢 Buy CE, If price closes above 16300
👉 Target-1 should be 16400
👉 Target-2 should be 16600
🔴 Buy PE, if price closes Below 16070
👉 Target should be 15700
For Gap-Up Strategy
🟢 Buy CE, If price closes above 16400
👉 Target should be 16600
🔴 Buy PE, if price closes Below 16250
👉 Target should be 16110
For Gap-Down Strategy
🟢 Avoid CE
🔴 Buy PE Near 16050
👉 Target should be 15700
If price sustain below 15700 can see the fall till 15050.
Nifty Futures Key Trading Levels for 23rd May 22Nifty Futures Key Trading Levels for 23rd 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 50 Updates for Expiry 12th May 2022India 50 USD Index Analysis (4Hr TF)
India 50 USD Index has been in a down trend since the month beginning, making lower lows and lower highs with the blue trend line holding the downtrend. Index is trading at an important psychological levels of 16,000, taking support at multiple instances. Following are the possibilities for the remaining part of the week:
• A breakdown and retest of this level can fuel fresh downside till 15,675 levels (March lows from where we saw a rally to 18,000 levels).
• Index can form a double bottom at this level, and we can see a short pullback rally above 16,200 levels with resistance at 16,460 (Half Bat pattern). A trend reversal is possible only if this resistance is broken and sustained, else the Index can go back to the range of 16,450-16,000 and trade with high volatility.
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 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 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
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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 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.
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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.