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Nifty 50 Intraday Trade Setup for 17th February 2021Good morning everyone, Hope you guys are doing great in the stock market. Let's talk about our last idea based on harmonic. All targets achieved and we had seen a dot reversal from our harmonic PRZ in yesterday's trading session. Now the main question is the yesterday's negative sentiment will continue in today's trading session. As per technical, There is 2 majors level to watch in Intraday. 15,200 is Important support and 15,350 is an important resistance. You know the levels now but it will not help until you have not proper mind setup and trading sense. What do I mean by trading sense. Let me explain 1- 24 hours left in the expiry 2- The index is still in the uptrend. 3-Yesterday sentiment is negative and it manages the call and put price 4-We are getting 150 point range which is big as per Intraday view. Conclusion: A clear sign for a sideways market in today's trading session. The index will be trending only if these levels break in the first hour and sustained. so follow the levels strictly.
NSE:NIFTY
by CodeViser
3
Nifty 50 Intraday view and trade idea for 15th February 2021Good Morning everyone, Hope you guys have enjoyed your weekend and ready to start a new week. Last week we had seen a sideways market, The index has traded in the range. the range is high 15,250 and low is 15,000. There is very little room in upside because of harmonic PRZ. 15,400 to 15,500 the whole area is a supply zone and Index still has 200-300 points. Swing traders must be careful at this point for their position sizing. Trade Setup ============== Long ======= India 50 is trading on a positive note around 60 Points up from the previous closing .so we can see a gap up opening today but you guys need to consider buying only above 15,260. Very little room on the upside as 13,400 to 13,500 is the resistance area followed up with Harmonic PRZ so be alert on Buy-side and buy only above 13,260. Above 13,2600 will give a confirmation to the breakout for the last week range and the index can test their resistance 13,400 to 13,500 in this week Short ========== Short only if Previous low break in the hourly time frame which is 15,080. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
5
Nifty 50 Intraday Trade Setup for 28th January 2021Good Morning everyone, Today's analysis is on India 50 because our Nifty has not enough data to show and I have interested more to knows the FIIS positions. India 50 is listed in Oanda and mostly FIIS positions are there. A clear sign that FIIS are started to book their profit. You guys need to understand the differences btw Profit booking and in Sell off. The current downfall is the correction for the previous bull run. According to India 50 13,700 to 13,800 is the first stop the current fall. Remember this is Important support for Nifty 50 as well. Harmonic ABCD pattern is sitting on 13.716 so book your swing position before this level. If Index failed to hold this level then we will see more pain and Index can go to their next support but I strongly believe that Index will respect harmonic prz . A small bounce can be expected. Trade setup =============== FIIS in profit booking mode and the Index is going to open with a gap down might be 100-150 points. Due to expiry, there are higher chances to see a recovery from the support. so wait for the first 15 minutes to see the Index direction and take to decide according to it, Go in long position if Index breaks 15-minute candle high and sell if 15-minute candles low break. Stop loss is vice versa and the target is open. Good luck and have a profitable day ahead Virendra Pandey
I
by CodeViser
2
Nifty 50 Intraday View & Trade Setup for 22 JanuaryNifty Update ================== We have seen a dot reversal and huge correction in yesterday's trading session from the hourly harmonic PRZ. The main question is does the negative sentiment will continue or we will see a short-covering today? In the chart you can see 3 patterns . 2 Were already completed and did their job now third is active and the target of the third pattern (Half Bat) is 14,450 to 14,426. which is still far away from the current level but still need confirmation. Short ========= 14560 is the key support for today Intraday short if Index break this level and sustain lower sl is 14600 and Target is : 14,500/14,450/14,430 Long ======== Long position can consider only when the pattern failed Level is 14,650 Stop loss : 14,590 Target : 14,700/14,750/14,780
NSE:NIFTY
by CodeViser
9
Nifty 50 weekly view Intraday Trade Setup for 21st DecemberGood Morning friends, Hope you guys doing good and learned something from our chart analysis. Let's talk about the Friday trading session. We have seen a sharp move in downside at the first trading session and the whole move recovers in the second trading session. which is a clear sign that the Index is not going to correct. We all know that the Index is overbought but the problem is there is not any major correction we have seen from the last 2 monht. Today's analysis is based on India USD because we all know the FIIS interest. FIIS has Invested more than 90,000 crores in the last 2 months and they are the major reason for the current run from 11,000 to 13,800. Tech View ============= India USD is trading on the harmonic prz and we have seen a downside move in the Friday trading session but it was also recovered so fast. Today Important level is 13,700 to 13,810. Index momentum will decide on these 2 levels. Long will be considered only if Index cross 13,810 and short opportunity comes if Index breakdown 13,700 levels, so please keep an eye on these 2 levels and setup your Intraday trade on it. Stocks in News ===================== 📌Lupin: The company has received approval from USFDA for Colesevelam hydrochloride tablets which are used to reduce cholesterol. 📌PVR: The company will raise up to Rs 800 crore via equity. 📌KPR Mill: The company will invest Rs 500 crore for the expansion of sugar mill operations. 📌Reliance Industries: Company and BP announced the first gas from Asia's deepest project. The project is expected to meet 15% of India's gas demand by 2023. 📌Oberoi Realty: Subsidiary Evenstar Hotels purchased a hotel property in Worli, Mumbai, for Rs 1,040 crore. 📌Exide Industries: Life Insurance Corporation Of India increased its stake in the company to 5.5% from 3.48% earlier. Important facts ========================= PM indicated that the controversial farm laws would not be repealed, saying farmers have started getting benefits of agricultural reforms. PM said the country has made up its mind to embrace the changes in various rules and regulations being made by his Govt to meet the goal of Atmanirbhar Bharat. PM said his Govt has repealed more than 1500 archaic laws and is continuously making efforts to frame new legislation. Union Minister of Highways and Road Transports & MSME said that the Govt will soon come out with a new ethanol policy aimed at protecting the interests of sugarcane and paddy growers. *Finance* PSBs may find it hard to raise money on asset quality, governance concerns. While the banks have cleaned up books and space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue. *Current Affairs* Defence Minister inaugurated the advanced Hypersonic Wind Tunnel test facility here, making India the third country after the US and Russia to have such a facility. President Trump on Friday signed legislation that could kick Chinese companies off of US exchanges unless American regulators can review their financial audits, a move likely to further escalate tensions between the two countries. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
I
by CodeViser
3
Nifty 5th Wave, The End of MadnessFifth wave extensions are the most difficult to count – because when you are in a 5th wave extension, you may be considering a lot of other possibilities — and when the pattern just keeps going up in a straight line for multiple days in a row – it’s difficult to count. But then when you step back and look at it holistically, it makes much more sense. So whenever you begin with an A-B-1-2 and then it goes straight up from there. Also, it happens to keep in mind the time frame. For example, a Santa Rally – just a few days before Christmas — could experience a prolonged upward movement — even beyond supposed resistance zones. The market will just blast right through those–until the last 15 minutes of Christmas eve — when it finally finalizes the fifth wave extension and the Santa Rally is over. *https://lifestyletrading101.com/elliott-wave-3rd-and-5th-wave-extensions/
NSE:NIFTYLong
by ayush.aggrwl
Nifty 50 Trade Setup for December 16India USD and SGX #nifty give a wild move in upside and break the Range. We are also waiting for this range to break but FIIS never gives to eat a single breakout trade on the buying side since June. Most of up moves come with a gap up and we have nothing left in the Intraday. 13600 is becoming the support now. today Trade setup : ======================== We are going to see a gap up today so most of the Intraday levels destroy. mark the high low for the first 15-minute candle and set up your trade according to it.
I
by CodeViser
2
Nifty 50 Intraday & Expiry Day Trade Setup for 07 December 2020Good Morning everyone, Index trend is bullish in all time frames and there is not a single sign for weakness but the main problem is the momentum it's very messy and hard to trust on the buy-side and as well as on the sell-side. Intraday is very tricky at this momentum because on the upside there is a lot of supply zone and correction is due since October month so be careful at this point. Our short-term swing target is 13,523 and it has been achieved in yesterday's trading session. Today is the weekly expiry and it comes on harmonic PRZ in weekly and hourly both of time frame so there is a lot of Possibilities to see a narrow range market depend on the levels. Index Range is 13440 to 13550. Trade setup : ================ Future and options traders keep an eye on both levels and set up your trade on breakouts. Safe Traders can sell 13600 CE and 13400 PE. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
Nifty 50 Intraday Trade Setup for 9 December Nifty Update =================== Yesterday's Range is so Important for today's intraday because This range has come on harmonic PRZ in the Hourly chart. 13300 to 13450 this range is Important and can decide the momentum in Intraday. Index behavior is strange and direction is missing. Sell comes from higher levels and buy come from the support.... in short momentum is in both of side. Not good for beginners so I advised trade with caution and always book profit asap and do not sit in any position. Today strategy is buy-in dip and sells on top with tight SL
NSE:NIFTY
by CodeViser
Nifty 4th December Today's market was range bound due to expiry but but tomorrow we can see a trending market. I'm still positive on the market as this market rally is basically fii's buying and they bought 3500 Cr again today, the option chain has has slightly more put writing than call writing but basically the option chain data is inconclusive. All the world index's are hitting all time highs day after day and yes the markets are overbought but that doesn't mean you should start shorting the markets just go with the flow and keep trading intraday considering the daily trend but keep in mind that there's gonna be a bullish reversal everytime the market turns red. It's literally a bull market and shorting is just stupid. USA stimulus and all that, though USD was weak af today yet the fii's bought. Markets might correct after the stimulus runs dry when everyone realises that we can't pay back the Loans and keep supporting a bull run but the last pump got us here guess where another pump could take us This market would bring back Harshad Mehta from the dead
NSE:NIFTYLong
by Stonksgang
Nifty 50 Intraday Trade Setup for 23rd November 2020Good Morning everyone, Hope you all doing good and made good money last week. Nifty 50 is Trading on their Phycological resistance and harmonic PRZ, We had seen the same thing on the 12000 Level. The index is following the same thing at this point. The current Index range is 13030 to 12720. This 300 Points range shows that how many indexes strong since Sep month. We had seen the last major correction in September month after that Index has not given more than 400 points correction in his 2000 Point run. Straight run. In the last Video given you a short from the top in the Intraday. Intraday is very tricky at this point because of this range. Most of up move eaten by the FIIS in Overnight by Trading on sgx Nifty. Let's talk about current affairs. Trade setup ================ Long : ======== India 50 is trading on a positive note around 60 Points up from the previous closing .so we can see a gap up opening today but you guys need to consider buying only above 13100. Very Less room in the upside as 13000 is the Phycological resistance followed up with Harmonic PRZ so be alert on Buy-side and buy only above 13100 which is hard to come in the Intraday but I do not want to take risks. Above 13100 we will get a Breakout confirmation and will see another 500-1000 run in the upside. 13100 is valid for the whole week as well. Short ========== An intraday day trade is very tricky in a range-bound market but there is a chance to sell from the top @12960-13000 SL is 13040. The second confirmation for short is the Intraday Harmonic PRZ in India 50 at level 13013. www.tradingview.com Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
Bearish but, still in no trade zone Nifty has been bearish for quite some time now but, it is going sideways it, hasn't really fallen through. So it would it would not be prudent to short it now. Until it falls below 11600, and the way it has been finding supports it has been like holding on its own, shorting it seems risky. And long red candles give high stop loss and near supports give very short rewards. Risk reward ratio is always important. So, no overnight trades in Nifty. It might be good for intraday options selling...
NSE:NIFTY
by chambalabs
Nifty 50 Weekly View & Trade Setup for October 4th week Hello everyone, Last week we had given a short from 12000 with 12030. The index high is 1224.55. The index has fallen like a knife from this level and made 11664.00 Low almost 336 Points in the previous week. Hope you guys have made good money last week. Now the main question is what will be our setup for this week and what position we will be preferred in a shorter time frame and Intraday as well. There is no doubt that the index is still bullish in a longer time frame but we are intraday and short-term swing trader and buy-sell are both positions is for us. In a shorter time frame, In shorter time frame Index is in a correction fedge and Short Position is much stronger than Long. Remember one thing always that Entry is very Important in Intraday. In the chart, I had marked some trend line so you guys can understand the current market situation. These lines are so Important in Intraday. Trade setup ================ Long : ======== SGX nifty is trading on a positive note so we can see a gap up opening today but you guys need to consider buying only above 11900. so wait until this level comes and the Index must be sustained on this level.Stop loss will 11850 Target: Open Short: =========== Short Position is tricky. Today Important level for short is 11860 and 11770 As I said before the current sentiment is bearish so both levels can consider for your short Position. Second If you see an up move at the first trading session and index test 11860-11870 then you guys can build your short position here with 11910 Stop loss. The second short can considerably lower than 11770 with 11820 stop loss. Target is Open Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
Nifty Intraday Trade Setup for Friday 16th October 2020Good Morning everyone, Hope you guys did well in yesterday's trading session and made a good buck. Yesterday fall was massive and target killers. Index fall was accepted from 12000 levels but to be honest I never think that it will be so huge and so straight. Bear always does this that's why I love Bear Market :) The main question is what about today's trading session, Well short-term correction is on and we can see a little more correction from here but the main question is what is our entry point for today's trading session... Marked all stairs which were used in the bull run These stairs aka support can be used in the downside as well. Remember 11550 to 11600 is the major support in midterm so book you positional short at this level. Higher chances for a pullback or trend continue. Index short, Mid, and long term is an Uptrend so don't be nasty with your short and keep booking the profit. Intraday View ===================== We can see a small gap up Opening today but does not mean that will change the yesterday sentiment for now Index is short. We need to watch the 1st Trading session and see what will happen. The index is short in today's Intraday and you just need to wait for it. Levels ======== Today is only selling position and it has 2 points to build your short Position. 1st Sell Position: 10,640 Stop loss: 10680 Target and room in downside: 11580 Second Sell Position =================== Tricky but worthy. Wait a first Trading hour and see the pullback for the previous swing low and wait for test the stairs no 11 which is an Intraday Resistance. The level is 11740-11760 short from here Stop loss: 11800 Target and room in downside: 11670 Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser