#NIFTY Intraday Support and Resistance Levels - 29/08/2024Today will be flat opening expected in nifty. Possible nifty will open near 25050 level. After opening strong bullish rally only expected above 25100 level. Downside rally possible if nifty starts trading below 25000 level. 25000-25100 will act as a consolidation zone for today's session.
Niftyintradaytradesetup
NIFTY Podcast 28 Aug 2024Two trades were taken today.
1st trade was on OI line entry on 5min timeframe. It was taken with Credit Spread, because I was expecting the market to be sideways and also take advantage of decay in premium prices.
2nd trade was on Podcast levels, again with Credit Spread to take advantage of decay in premium prices.
Notes:
- Credit Spread works when market is sideways or there's 50% risk to be taken
#NIFTY Intraday Support and Resistance Levels - 28/08/2024🔔 Nifty Update for Today:
📊 Expected Opening:
Opening Outlook: Flat
📈 Consolidation Zone:
Range: 25000 - 25050
Nifty is expected to open flat today, trading within a consolidation zone between 25000 and 25050.
📈 Potential Upside Movement:
Upside Target: 25250+
Condition: If Nifty starts trading and sustains above 25050
If Nifty breaks above 25050 and sustains that level, an upside rally could push the index towards 25250+ in today’s session.
📉 Downside Risk:
Condition: If Nifty starts trading below 25000
Any significant downside is likely only if Nifty starts trading below 25000.
Nifty anlaysis for tomorrow 28 july 2024 (Nifty Intraday Setup)Today After breaking previous day high nifty consolidated from 12 pm to 2 pm and failed to sustain at higher level.
And Nifty closed with a selling swing today.
So for tomorrow if with opening market created a selling swing then a bounce will be expected and day high break or price near high will be expected. Look for W pattern on 5 min.
(SELLING SHOULD NOT BE VERY SHARP AND BIG).
And
If Price move upside and take rejection below todays high & created a lower High (M Pattern on 5 mins.) then intraday low break will be expected.
NIFTY Podcast 26 Aug 2024Again on NIFTY, took only 1 trade with Gap up/down strategy.
1:1 target achieved right away in the second candle itself.
Notes:
- Closed early due to peer pressure of reaching or closing the targets. Next time, will mute all groups or channels to focus on the trade itself.
- There was another entry based on podcast strategy, but neither it hit the target nor it hit the stoploss. Second trade can always be debit spread or credit spread to avoid loss in the decay in the premiums of naked buying options.
#NIFTY Intraday Support and Resistance Levels - 21/08/2024🔔 Nifty Update for Today:
📈 Gap-Up Opening Expected:
Expected Opening Level: Near 24700
Key Level: 24700
Potential Upside Target: 24850
Nifty is expected to open with a gap up near the 24700 level today. If the index sustains above this level after opening, we could witness a strong upside rally, potentially reaching up to 24850 during the session.
📉 Watch for Downside Risks:
Critical Reversal Level: 24650
Support Level: 24500
However, if Nifty starts trading below 24650, downside movement may occur. The 24500 level will serve as an important support in today’s session.
#NIFTY Intraday Support and Resistance Levels - 20/08/2024Today will be slightly gap up opening in nifty. If nifty starts trading above 24650 level then possible upside rally upto 24850+ in today's session. Similarly if it's starts trading below 24500 then downside fall expected. 24500-24650 will act as a consolidation zone in today's session. Any strong movement only expected breakout of this zone.
#NIFTY Intraday Support and Resistance Levels - 19/08/2024🔔 Nifty Update for Today's Session:
📈 Gap-Up Opening Expected:
Opening Level: Near 24550
Key Level: 24550
Potential Upside Target: 24850+
In today’s session, Nifty is expected to open with a gap up near the 24550 level. If Nifty can sustain above this level after opening, we could see an upward movement, potentially reaching 24850 or higher.
📉 Watch for Reversal:
Critical Level: 24450
Potential Downside Target: 24200
However, if Nifty reverses and starts trading below 24450, a downside rally may occur, with the index potentially declining towards the 24200 level.
#NIFTY Intraday Support and Resistance Levels - 14/08/2024A slightly gap-up opening is possible for Nifty. If Nifty starts trading below the 24100 level, a strong downside move down to 23900 could be expected in today’s session. Any upside rally is anticipated only if Nifty trades above the 24200 level. The 24100–24200 range is expected to be a consolidation zone for Nifty during today’s session.
#NIFTY Intraday Support and Resistance Levels - 13/08/2024In today's session, Expected opening for nifty is flat near 24350 level. After opening if it's starts trading and sustain above 24400 then expected upside rally upto 24600 level. Downside upto 23100 level possible if nifty starts trading below 24300 level.
#NIFTY Intraday Support and Resistance Levels - 12/08/2024Nifty Opening Outlook:
Opening: Expected to be flat near the 24,400 level.
Upside Potential:
If Nifty starts trading and sustains above 24,400, an upside rally up to 24,600 is anticipated.
Downside Potential:
If Nifty starts trading below 24,300, a downside movement is possible.
#NIFTY Intraday Support and Resistance Levels - 09/08/2024Market Outlook for Nifty:
Opening: Expected to open with a gap up near the 24,350 level.
Resistance Zone: Nifty will encounter a strong resistance between 24,350 and 24,400.
Potential Reversal: If a reversal occurs at this resistance zone, the downside could extend to 24,100.
Extended Downside: Further downside is possible if Nifty trades below the 24,050 level, potentially reaching 23,850.
Bullish Scenario: A strong bullish rally is only expected if Nifty sustains and trades above the 24,400 level.
#NIFTY Intraday Support and Resistance Levels - 07/08/2024In today's session, Nifty will open gap up near 24350 level. After opening expected reversal in nifty upto 24150 level and this downside rally extend upto 24000 level in case nifty gives breakdown of 24150 level. Any upside rally only expected above 24400 level.
NIFTY - Correction ahead of BudgetAt this juncture, nifty is expected to correct to the mentioned levels & to continue its rally towards 25,000 ~ 25,400 levels before any monthly correction can happen. The correction will be progressing through various barriers of supports(FIBONACCI & T.lines).
SI - 24,162
SII - 24,010
SIII - 23,881 ~ 23,855 levels (V.imp support coincidence of .5% & mid T.line)
The strategy is to take short today after testing the previous High @ 24,401 (the move might start today or 2 days later, Tentative)
Trade Accordingly
25000 OR 24000?Nifty seems to have broken new grounds and that gives it a reason to not fall. Now all it needs is a reason to fly and that could be the budget. Heading into the budget week, immediate target will be ATH, that seems an easy one and the next 25000. If for any reason, of which I am unaware of at present, the index comes back into the lower range, 24000 will be out cushion.
Nifty_Intraday (11-Jul-2024)The image you provided is a TradingView screenshot showing a 15-minute candlestick chart of the Nifty 50 index from July 9 to July 11. This chart features several technical details:
Date and Time: The chart includes timestamps, helping to track price movements throughout the trading days depicted.
Exponential Moving Average (EMA): A 20-period EMA is plotted, which helps in determining the trend and potential support or resistance areas.
Trading Signals:
-Buy Signal: There's a green arrow pointing upwards with the annotation "Buy Above 24375 Tgt Open for 24500+". This indicates a potential bullish breakout strategy where buying is recommended above 24,375 with an open target extending towards 24,500 or beyond.
-Sell Signal: A red arrow points downwards with the annotation "Sell Below 24250 Tgt 24000-". This suggests a bearish strategy recommending selling below 24,250 aiming for a target around 24,000.
Nifty Intraday (10-Jul-2024)The image displays a chart for the Nifty 50 index from the National Stock Exchange of India, showing intraday movements on a 15-minute time frame. The chart includes details such as:
Date and Time: Published on July 9, 2024, at 18:55 IST.
Index Information: The Nifty 50 Index is shown at various prices, with the current price being 24,417.25, down by 16.80 points.
Technical Analysis: There's a 20-period Exponential Moving Average (EMA) indicated at 24,401.59.
Trading Recommendations:
-Buy Signal: A green arrow points upwards with a note to "Buy Above 24450" targeting an open position above 24,550.
-Sell Signal: A red arrow points downwards suggesting to "Sell Below 24375" with a target (Tgt) of 24,275 or lower.
Nifty Intraday (08-Jul-2024)It looks like you have provided a trading chart for Nifty 50 Index with specific trading signals for July 8th. Here are the key details from the chart:
Buy Signal:
-Trigger: Above 24,350
-Target: Open for 24,450+
Sell Signal:
-Trigger: Below 24,265
-Target: 24,150-
The chart uses a 15-minute timeframe and shows the price action along with an EMA (20) indicator.
NIFTY 50 INTRADAY TRADING SETUP FOR 05.07.2024
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Nifty Intraday (03-Jul-2024)15-minute intraday chart for the Nifty 50 index from a trading view. It includes data and trading strategies for July 4th, 2024. The chart displays price movements with a plotted Exponential Moving Average (EMA). There are strategic points marked for buying and selling:
Buy Signal: The chart suggests buying if the index moves above 24,325 points with a target open for reaching above 24,450 points.
Sell Signal: The chart suggests selling if the index falls below 24,225 points, with a target of reaching around 24,100 points.