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Niftyintradaysetup

NIFTY--Which is Support @19500 or Trendline ??The NIFTY index again broken the ATH... multiple times break out above ATH and it's reversal.... so what happens in nifty is...the trend is bullish to Sideways... it is also moves in a channel... price faced resistance multiple times @19500-19520 zone... if tomorrow price acts as a support...it again moves up... if price again falls below price is continue its movement upto the trendline... we have trendline support as well...until price breaks this trendline will be on the buy side... if trendline failed to acts as support,the same zone is acts as resistance... sellers takes price again to bottom side... All this is pre and post market analysis...we cannot assume anything what happens... will see on live market what's happening... If this post is helpful please give me a like... thank you guys for supporting me...
NSE:NIFTY
by IIT-Trader
NIFTY--Fall or Rise??Price broken the strong demand..tested the supply zone...and fall happens.. will it fall more...rise from this level... price has broken the trendline as well... if price falls without retest...later will test the trendline and fall more. if a continuous fall happens it will rise from the 19260-19280 zone to some extend and fall. after clearing the bullish gap left..price will rise towards the trendline or previous resistance. careful at these levels...without any confirmation don't take any action. please check the previous analysis on bottom links... thank you very much..
NSE:NIFTY
by IIT-Trader
6
NIFTY--Daily AnalysisObservations:: price has broken the strong resistance @18900 without giving any retracement. price moved continuously with gapup and continuation format. from last two days price is in a range and today again the range is broken... if this continue its momentum or will give us some pullback to the previous resistance. price created a demand zone @19380-19340 range.... today price has taken the demand zone entry and moved up...no short side momentum is given for us. A multiple breaks to the upside is observed from this zone.... until price breaks this demand zone...don't think of short side. keep on buy side. when price tested this demand again, and failed to create a new high, then will see the plan of sell action. will update once it is reversed. All these analysis is post market analysis...live market is entirely different from post market analysis.. gap ups and gap downs will occur...its confusing...but with confluence will take entries...without any confirmation don't go for buy or sell. it leads to losing your trade.
NSE:NIFTY
by IIT-Trader
2
NIFTY--HTF to LTF Analysis ??Observations:: price has broken the strong demand @19375-19350 range strongly... we have observed a trendline forms by breaking the demand zone.... If tomorrow trendline acts as resistance will observe a fall towards the bottom side gap may fills... If price breaks the trendline and gives us retest and failed to make a new low below 19300, then will go for buying upto ATH. Note : After break of trendline price may also fall below... fake out at trendline may also possible... At ATH we observed that a supply zone,if resist price again falls below... untill price breaks the supply zone and retest of any previous zones will go for buy. If price fills the gap on bootom side... we will go for buy on trendline break and retest... LTF::
NSE:NIFTY
by IIT-Trader
1
NIFTY--Trendline Holds or Break??Observations:: Will trendline acts as support ?? price action is completely in uptrend... today after open a gap up price fall happens strongly... buyers try to make the price higher but failed to close above 19400 level... we can consider this level as a resistance... price is now near its trend line....will see if this breaks or not. if price breaks and retest will enter for short side trade... strong bullishness is observed from the 19250 level after opening gap up... bullish gap left at 19200 is filled, if trendline acts as resistance. Bullish gap ma acts as a support also.... will see tomorrow what happens. keep track these levels. We don't go for long side...we don't have targets to book...price at anytime may reverse after All Time High.
NSE:NIFTY
by IIT-Trader
04 Jul '23 Post Mortem on Nifty Yesterday I was quite ambitious to call the top at 19334 + or 80pts levels. The opening 45 mts and then the subsequent fall from 13.30 to 14.30 showed real signs of N50 running out of fuel. But one thing that really proved me wrong was the intensity of credit spreads getting written at the PUTS side (bullish sign). Although there was lot of unwinding after 14.30, the issue is that CALL side credit spreads are not getting written. If the run of N50 has to be checked we need CE shorts, aggressive big boys who do not run for cover. The lowest friction area for N50 to go is up as there are no resistances — thus making it a real tough spot for call writers. Personally I wouldnt dare writing ATM calls now even though I feel the top is near. 1hr TF N50 for the first time in last 5 sessions closed the gap after a gap-up opening negating a consecutive spree of island day formations. The strong red opening 1hr candle stays lit and I am still inclined to keep the bearish view.
NSE:NIFTY
by viswaram
NIFTY 15 MIN TRIANGLE FORMATION- FOR EDUCATIONAL PURPOSETriangle formation in Nifty refers to a specific chart pattern that occurs in the price movement of the Nifty 50 index, which represents the Indian stock market. The triangle formation is a continuation pattern that signifies a period of consolidation or indecision before the price breaks out in either an upward or downward direction. The triangle formation can be further classified into different types based on the slope of the trendlines: Symmetrical Triangle : In a symmetrical triangle, the price forms lower highs and higher lows, creating converging trendlines. This indicates a period of equilibrium between buyers and sellers, suggesting a potential breakout in either direction. Ascending Triangle : An ascending triangle formation occurs when the price forms a horizontal resistance line and an ascending support line. The price consolidates within this pattern, with higher lows being formed. This suggests a bullish bias, and a breakout above the resistance level may lead to an upward move. Descending Triangle : A descending triangle is characterized by a horizontal support line and a descending resistance line. The price consolidates within this pattern, forming lower highs. It indicates a bearish bias, and a breakdown below the support level may lead to a downward move. Please note that trading decisions should not be based solely on chart patterns, and it's important to consider other factors such as fundamental analysis, market conditions, and risk management before making any trading decisions.
NSE:NIFTY
by vinod0211
Nifty Weekly Analysis for Jun 26 - 30🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 26 - 30 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 18535, 18650, 18660, 18890. 🔎My outlook: The outlook for the upcoming week’s trading suggests a directional view (Bullish). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 18887, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 18534, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level. 📊 Support Level: As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
NSE:NIFTYLong
by venunomula
NIFTY--Trending Breakout or Breakdown?? Observations:: The index is still in uptrend.... facing some resistance @ ATH...but no sign of bearishness is observed. yesterday index is trading in a range.... if today this will range may be broken...and will observe a trending expiry... Bullish expiry or bearish Expiry:: As long as price is above the 18700 it is bullish only.... if price breaks 18660 level and it gives some retracement then only will go for short side...until don't think of short again... Fake breakdown may also be happen at this zone 18760-18740. If price breaks @ATH, until which level we can expect.. after breaking ATH, we can expect price will reach rounding number 19000 and 19050, like vise. we cannot predict where it exactly reverse.. all these are our expectations only.... we cannot trade after a ATH, the reason is we don't know where to place our target, we know only stop loss.. so wait and watch the show...will have another day price will come back and move... if it is fake breakout above ATH, will fall again... Note:: BANKNIFTY broken ATH ...will expect nifty will also break...and reverse. If we see BANKNIFTY Index price has broken the ATH, but not moved much points, again falls below the range only..
NSE:NIFTY
by IIT-Trader
NIFTY--Which is Support Trendline or Neckline??Observations:: If both failed price clears the 2gaps below. The Nifty index price is showing some bearish pressure in the previous ATH Resistance zone. If this fall continue towards downside or will break ATH. so if we see the below picture, price is forming a Head and Shoulders pattern, is this a sign of reversal. ok if it is a reversal, we have 2 bullish gaps left @18680 level and 18600 level. price has to respect these two gaps if any one of these gap gives support strongly, price will break ATH, if this showing buying pressure and not able to go up side.... sellers are aggressively take the price to below 18600 levels. If we see we have a trendline support as well, if price failed to break 18800 level after taking the trendline support. Breaks the trendline then enter for short after a retest is done to trendline. if no retest is observed then wait it will again comes back to the same range. Keep watch these levels...18720-18740 range if break, it will finish the gap on bottom side. if price opens below this also look for sell on retest to this zone.
NSE:NIFTY
by IIT-Trader
NIFTY 50 BEARISH MOMENTUM STARTED AS PREDICTED YESTERDAYI posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join the ride now at 18775 area with 3 possible Take profit areas TP 1: 18721 TP 2: 18635 TP 3: 18556 SL: 18810 use proper money management and this analysis is for educational purpose only and not a financial advise.
NSE:NIFTYShort
by tuahawaqar
NIFTY 50 all set to fallNIFTY 50 is currently trading around 18727 and has reached at major Daily and Weekly resistance area and current price action doesn't show any signs that it break break the resistance so my idea is it will be bearish during this week. Below is the possible sell opportunity Sell around 18727 STOP LOSS: 18803 TAKE PROFIT 1: 18559 TAKE PROFIT 2: 18383 use proper money management and this analysis is for educational purpose only and not a financial advise.
NSE:NIFTYShort
by tuahawaqar
Nifty Trade Setup (13-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Head & Shoulder pattern on higher time frame of Nifty. If nifty respects this pattern then we can expect good move downward. On Upside Resistance is at : 18660,18777. On Downside support is at : 18550,18500, (If market respects pattern then 18400 last support. From last week all indices are range bound and not good for directional trades setups. For Trade Setup today: 1.) Will buy if break and sustain above 18660 for target of 18720, 18750. 2.) If price breaks down and sustains below 18550 ( Neckline of Head & Shoulders pattern ) then will short for target of 18502, 18460. No trades if gaps and if there is no clear movement or there are overlapping candles.
NSE:NIFTY
by TradeInsights
Nifty Trade Setup (12-06-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Trade setup for tomorrow: 1.) If opens flat and takes support at trendline then will buy for target of PDH. If it breaks trend line and 1st support then will short for target of next supports ( 18470, 18450) 2.) If gap up or down then will trade only after clear setup. look for support or PDH/PDL as resistance and once good setup is formed i will trade.
NSE:NIFTY
by TradeInsights