Nifty Trade Setup (09-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.
Today Nifty gave good setups wasn't able to pre analyze due to work and missed good trade after many days of range bound and gaps. :)
Trade Setup for tomorrow:
1.) If opens flat and took support near trendline and 18580 will look for buy for target of 18700, 18726 and PDH. . if doesn't hold 18580 support will look for shorting for next support place.
2.) If gaps i will wait for good setups to form.
Niftyintradaysetup
Nifty Trade Setup (05-June2023)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.
For tomorrow's Setup:
1.) If opens flat in descending triangle and breaks the triangle on upside then will buy for target of Resistance levels 1st at 18574, then 18616.
2.) If opens flat in descending triangle and breaks the triangle on downside and also breaks trendline support then will short for target of Support level of 18419.
3.) If there are any gaps up or down then will look for Resistance or Support and will trade accordingly or only after formation of price action.
NIFTY--Turned to be Bullish Again??Observations::
Price is exactly closed near the Previous Strong Resistance,
If this acts as support will observe bullishness towards 18600,18700 levels.
If price breaks 18700 levels, it may touch ATH as well...will see this later, it will touch or not.
Until Keep watch these levels.
We have a demand zone @18200,which is a strong demand may acts as support again.
NIFTY ANALYSIS FOR MONDAY 5TH JUNE-FOR EDUCATION PURPOSE NIFTY:-NIFTY ANALYSIS FOR MONDAY 5TH JUNE-FOR EDUCATION PURPOSE
NIFTY:-
Monthly target:-
If Nifty sustain the level of 18750 in one or two week ,19000 level can be achieved.
If Nifty break down 18500 spend time below it and 18350.
WEEKLY TARGET:-
If Nifty sustain the level of 18550 BREAK 18600-18625-18650-18700 level can be achieved.
If Nifty break down 18550 and break 18500 spend time below then 18450-18425-18400.
DAILY TARGET:-
If Nifty sustain the level of 18500 THEN 18550-18575-18600 level can be achieved.
If Nifty break down 18500 and break 18475 then 18450-18425-18400.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
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NIFTY:-
Monthly target:-
If Nifty sustain the level of 18750 in one or two week ,19000 level can be achieved.
If Nifty break down 18500 spend time below it and 18350.
WEEKLY TARGET:-
If Nifty sustain the level of 18550 BREAK 18600-18625-18650-18700 level can be achieved.
If Nifty break down 18550 and break 18500 spend time below then 18450-18425-18400.
DAILY TARGET:-
If Nifty sustain the level of 18500 THEN 18550-18575-18600 level can be achieved.
If Nifty break down 18500 and break 18475 then 18450-18425-18400.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#FridayMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookformonday
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#5th june nifty
#5th june banknifty
#5th june marketanalysis
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
NIFTY TRADE SETUP 02 JUNE FRIDAYBuy Above 18530 (WITH SMALL QUANTITY)
For Large Move Buy Above 18580 (WITH FULL QUANTITY)
For Large Move Sell Below 18460 (WITH FULL QUANTITY)
RESISTANCES AT UPPER LEVEL
R1 : 18625
R2 : 18677
R3 : 18733
SUPPORTS AT DOWN LEVEL
S1 : 18455
S2 : 18399
S3 : 18355
S4 : 18320
NIFTY TRADE SETUP 01 JUNE THURSDAY
Date : 01 JUNE 2023
Buy Above 18620 (WITH SMALL QUANTITY)
For Large Move Buy Above 18660 (WITH FULL QUANTITY)
Sell Below 18475
RESISTANCES AT UPPER LEVEL
R1 : 18720
Khulaa Asmaan....no level as such All Time High so....
SUPPORTS AT DOWN LEVEL
S1 : 18420
S2 : 18350
S3 : 18300
Nifty Expiry Day Trade Setup (01-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.
Today with gap down nifty fall further for 90 points and gave nice setups. I traded Bank Nifty as at time of trade Bank nifty provided better setup. For last two days with gap up opening nifty was rangebound and today it falls as posted in yesterday that if gap down there might be gap filling which it did today and took support exactly near gap.
Today nifty gave range of 90 points from resistance to support. For tomorrow expiry day setup:
1.) If opens flat will look for price to take support near Today's low 18480 if it takes support will buy for target of todays high or resistance of 18580. If breaks below 18480 then will short for target of 18425, then next support 18380.
2.) If opens gap up then wait for price action to form.
3.) If opens gap down then will also wait for price action to form. will look for nearby support or resistance level.
As tomorrow's expiry day premiums will erode also might me range bound in today's 90 points if it's range bound then will try to trade within range if good setup is formed.
Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
Nifty Trade Setup (31-May-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.
So today also with range bound action all day nifty gained 40 points in last 1 hour. so what to expect tomorrow also monthly close volume is rising and only 250 points from Nifty's ATH. BNF already broked ATH and doing good in sustaining it.
Trade Setup for tomorrow:
1. If opens flat will wait for rising triangle to break up or down and will long or short according break side respectively.
2. If opens gap up above Triangle pattern will wait price to take support on that resistance or not if it takes support then will look for buy for target for Rising wedge trendline.
if it doesn't hold near resistance then will short for target of rising trendline support.
3.) If opens gap down will look for price to take support near last 2 days lows ( PDL) if it takes supports there then will look for long for target of todays high. if doesn't takes support near PDL then will look for short for target of gap filing which is at 18510.
also nifty is trying to consolidate like BNF To reach new highs and its good as it makes base for good support. Views are bullish on nifty to make new highs soon.
Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
Nifty Trade Setup (29-May-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.
Hello everyone so as on 26-May-2023 (Friday) session when price took support at resistance level which i marked as horizontal line on 15 min TF i bought it there and stoploss was low of the hammer formed or day's low and i trailed my stoploss. It was good session and worked as per my trade setup.
( Cannot Post Previous Session Link as i am not pro member or don't have enough reputaion levels :) 😊 ... have to check previous day setup to check resistance level which became support.)
Now for my Tomorrow's trade setup from price action it is forming rising wedge pattern on Daily TF making HH's and LL's now price is at Equal of previous high and if this pattern will be respected then it will make new high touching that upper trendline of rising wedge but For price to reach there, on upside NIFTY have hurdles of 18500, 18550, then 18600 levels. On downside nearby support is 18450. For my trade setup i will look for following :
1.) If opens flat and nifty might retest nearby support of 18450 as there was rejections from day's high on previous session. If price take support there i will be looking for buying opportunities for target of 1st resistance level (18550) then for 18580.
2.) If opens gap down i will see if it takes support near 18450 if it does then will trade as per point 1 setup. If price rejects this support of 18450 then will look for shorting opportunities for target of 18400 then 18350.
3.) If opens gap up then will look for rejections from nearby resistance levels and will wait if price rejects that resistance of bulls take control of price as did in previous session and then will trade accordingly.
Things i will keep in mind:
Nifty is bullish on Higher TF. which is Primary trend and if i place trade against the primary trend i will try to follow strict stoploss and strict profit booking levels.
Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup.
As i was busy with some work i didn't posted my trade setup for 25-May-2023 and also didn't traded on 24-May-2023 although it was good session too. watched chart for few minutes today and closed terminal because of work today. Today on expiry day there were opportunities also if someone trade with patience. I didn't took trade today because i didn't planned anything and this was my bad habit before that i always trade if market in moving from support or resistance i took trade with out any setup or patience so that i don't miss any profits as you may know this (FOMO). Which was my reason for more losses than profits. I will post on what i am doing to improve it in separate post. This is going to be my setup for tomorrow:
Today market opened flat and there was selloff from 18265 to 18200 almost 65 points down. but in last 1 and half hour it took support at (18200) and then rise like rocket making almost all green candles without any pullbacks on 5 min TF gaining almost 100 points from day's low.
Price is forming triangle and closed near trendline resistance.
Setup for Tomorrow:
1.) If it opens flat and sustains this trendline resistance on 15 TF then i will look to buy CE for target of 18363, 18371 and 18380.
2.) If it opens gap up i will look for rejections from same targets or near by CPR and will buy PE trade for near by support levels which is 18300 as 1st support or CPR whichever will be closer.
3.) If it opens gap down 1st support is placed at 18300 level if it takes support at this level and holds for 15 to 30 minutes. I will look for buying CE.
Views are bullish so will trade cautiously if i am trading in opposite direction. As from Volume there was lot of buying buying when price was moving above today as compared to while it was selling off.
Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NIFTY-- 18500 or 18000 ??Observations::
Price is clearly closed in the Previous supply zone. If supply acts as demand price is again bullish,
we have one more supply zone below @18260 if this pushes the price up again bullish ??
After a strong consolidation price is bearish which is a sign of bullish again to test the supply @18500 levels.
consolidation + down move= up side
Look for selling opportunity from 18450-18500 zone, falls below 18400 levels, 18400 acts as resistance we can go for sell again.
NIFTY-- 18340 or 18000 -------->> Nifty Moderately turned to be bearish.
------->> Price wants to test the supply @ 18340 levels or continue to fall back to below 18000 levels.
-------->> If price tested 18340 levels and below we have a supply zone @18260 level may acts as demand, will again push the price to higher levels.
18120 Level will push the price above 18200,18260 and 18340 level. Keep track this levels.
-------->> we have a clear demand zone @18060 breaks will observe a fall till 18000 and 17960 levels.
NIFTY--Expiry Levels @18160-18340------->>Price is clearly broken the support @18200 level strongly.
-------->> we have a previous resistances @18340 and @18260 levels failed to act as support, witnessed that more selling pressure is observed.
--------->> now price wants to test which level,18260 level where a strong gap down occurs previously.
---------->> This will again act as resistance, but while breaking 18260 level price leaves a supply zone in the range 18340-18360 range, so today price will test these 2 zones.
Key level of support: 18060 and 17960 levels.
Note:: Expiry will close in the range 18160-18340 Range.
Keep track these levels.
NIFTY--Breakdown happens ??Observations::
---------->>Price opened gap up and observed a strong fall + consolidation.
---------->> Previous supply zone (gap down) range @18260 level resist the price to go down .
If tomorrow price breaks this level, we will observe a strong fall towards 18200,18120 levels.
if price again breaks 18180 levels, 18120 level acts as a pullback to 18180 level, at this level previously strong sell off is observed, here
(18200-18120) if again strong push to the down side happens price falls below 18060,up to 17960 levels.
---------->> we have an untested demand zone @17960 will push the price upwards again.
---------->> Be careful at (18200-18120) and 17960 levels.
.
Nifty 50 Index Next MovePair : Nifty 50 Index
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Upper Trend Line and Retracement
Divergence - RSI
Break of Structure
Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave
SMC - CHOCH
Fibonacci Level - 78.60%
NIFTY--Fall Below 18260 levels (Expiry)??Observations::
---->> After gap up NIFTY clearly showing bearish pressure towards 18200 levels, if again price goes below 18260 levels, we will go for selling up to 18200,18120,18060 levels.
------->> If any one of these levels acts support price will again goes upside.
-------->> Wait for more confirmation at 18200-18180 range to break and pullback to 18260 or 18220 levels.
-------->> Above we have a resistance @ 18380-18400 range.
NIFTY-Today bullish move created to exit the long positions??Observations:
-------->>Nifty trending upwards, today it proves that it's a retracement not a reversal sign.
-------->> Again showing bullish movement in nifty, witnessed buyers are still in control.
today bullish move created to exit the long positions?? why don't we think sooo....
-------->>We suspect that if it is a false breakout in nifty above 18260 level , this time the fall will be below 18060 levels.
-------->> At this point 18250 level, sellers are exists by showing a huge gap down , why don't we think of sellers may again push the price towards downside.
--------->> If we consider these 2 levels, 18200 or 18100 they are not strong enough to push the price higher, so if price started falling it may clear all these levels, and we have an untested demand zone@17960 levels.
NOTE:
Is this false breakout above 18260.
NIFTY- which level Holds 18200 or 18100 ??