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Niftyintradaytradesetup

12 OCT 2023 NIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open a gap up After A gap up opening if nifty sustains Above 19800 and takes Support from 19800 then open target for T1-19840, T2-19860,T3-19900 If the nifty gap up opening sustains Below 19800 and takes resistance below 19800 then the open Targets for T1-19760, T2-19700,T3-19680 Major Levels 19800,19840,19760 If the market stands in this area of 19840 to 19780, then it is possible that even today the market will remain in the range.
NSE:NIFTYLong
by mr_bull10
NIFTY--Broken Trendline??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support.
NSE:NIFTY
by IIT-Trader
3
Will NIFTY Bullish momentum continue?As we discussed in our last analysis that it returned back to channel it will be bullish and it gave 2 days back to back bullish momentum. But now we can see its on confusing if it's a breakout or still in the pattern. once its out of the pattern it will be going bullish. by looking at the chart market seems to be sideways for tomorrow. Reasons: Inverted HNS target is 19800 that has not achived yet. if it opens high it will have a resistance at 19800. 19800 is also price action resistance. Downside 200 EMA and Price action level will be providing the support. RSI is in bullish zone (> 60) but having bearish divergence. Trendlines are confusing its not a clear breakout for falling wedge pattern. it's having 2 cases: case-1 and case-2. that is marked on the chart. Verdict: observe 15 min market and follow case-1 or case-2 Plan of action : SELL 19500 PE + SELL 19750 CE once bullish momentum gets confirm exit 19750 CE.
NSE:NIFTYLong
by finnova_
Nifty prediction for tomorrow 3rd OCT 23as we discussed in our last posts that NIFTY might be taking support from this level. But will not go direct bullish from here as 200 EMA, VWAP is acting as high resistance zone for nifty. For tomorrow it seems to have a sideways moment Reasons : We are having a nice support Zone to downside at 19500, and resistance at 19750. RSI is in Range 40-60 which is mostly Sideways. PCR = 0.81 (Mild bullish) Price < EMAs (Bearish) Accumalation phase is going on. Heavy CE writing at 19800 and PE writing at 19600. But more suupport at 19600. if above side 19800 is broken then we can say bulls will be in power. Verdict: Sideways until get a nice breakout of level 19750. Plan of action: Play Neutral trade until Breakout. after breakout add CE.
NSE:NIFTY
by finnova_
NIFTY 08.09.2023 LEVELSNifty Spot : 19727.05 Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option Level One Week. Draw Buy, Sl, T1 to T5 Lines In Your Broker Application Trailing Purpose Only. Option Buy 19600 CE : Buy At : 133, Sl : 86 T1 :166, T2 : 200, T3 : 233, T4 : 270, T5 : 300 Option Buy 19600 PE : Buy At : 82, Sl : 53 T1 : 102, T2 : 123, T3 : 143, T4 : 164, T5 : 184 Kindly Watch My Break Even Point. Every Day. Above The Break Even Point UPTREND Starts Below The Break Even Point DOWNTREND Starts. SL Break Even Point Near
NSE:NIFTY
by market1tomorrow
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
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 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-Trendline-Retest-Gap Down ??Observations:: GAP DOWN opens ---------->> Price broken the trendline and observed a strong fall, and retest is observed at trendline @18340 levels. ---------->> Previous supply zone @18200 level resist the price to go down. If tomorrow price breaks this level, we will observe a strong fall towards 18120,18060 levels. if price again breaks 18200 levels, 18120 level acts as a pullback to 18200 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 18060 levels.
NSE:NIFTY
by IIT-Trader