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Nifty 50 weekly forecast & Intraday setup for 05th October 2020Hello friends, Hope you guys have done good in the last week and made some good money from the trading. I had seen that lot of peoples want to trade in Nifty and Banknifty Index just because of the volatility. I do agree that Index always has an opportunity for a knowledgable trader but the worst part is Index momentum is very hard to predict in the Intraday and you must follow the discipline more than any analysis. September is always a nightmare for Nifty 50 as per the last 3 year data. very volatile as we had seen recently. Total 1800 Points movement we had seen in the September month which is shown how many indexes volatile these days. Let's Investigate what was happened in September month. Before the September Index was so bullish and making higher high and breaking most of the resistance but we had given you 10,750 level for a correction. This level has come from the harmonic and worked very well. The index has given 1000 Point downside move and made a low 10,790. Tou can see our 31st august analysis on the trading view. We predicted most of the major moves. I am gonna update all, check bellow images Updated chart : Then we predicted an upside move. Updated chart : Our last idea has been shared on Thursday and we pick Inda 50 for this analysis because Nifty 50 has not enough data. Check bellow Image Updated chart : These all our Past analysis and we have just updated them for your study purpose so you can believe that swing trading is far better than Intraday ... Now the main question is what gonna happen in October first trading week. Let's talk about key factors first. Key Factors ============== 1-The Govt announced the launch of an ambitious information technology project 'Sunidhi' to digitize all provident fund and pension related activities of the Coal Mines Provident Fund Organisation. 2-India posted a trade deficit of $2.91 billion in goods in September. Merchandise imports contracted 19.60% in September to $30.31 billion from a year ago while exports rose 5.27% to $27.40 billion. 3-Automobile manufacturers showed significant signs of recovery as they dispatched 13% more vehicles to dealers in September. Tractor sales also increased, indicating that a good monsoon is driving the rural economy 4-NBFCs pin hopes on festive season for revival in credit disbursals. The collection efficiency of non-banking lenders and housing finance companies picks up. 5-India registered 79,705 new Covid-19 cases, taking the tally to 6,471,734. With a high level of recoveries, India was maintaining its global position as the country with the highest number of recovered Covid-19 patients. 6- An effective vaccine is not likely to be available for the general public before the fall of 2021, according to experts working in the field of vaccine development. 7- India’s economy posted its worst slump in the three months ended June as disruptions caused by the Covid-19 outbreak brought Asia’s third-largest economy to a halt. Economists expect growth to shrink in the year through March 2021, in the first such contraction in more than four decades. 8-Bringing huge relief to individual and MSME borrowers, the Centre told the Supreme Court that it would waive interest on the repayment of loans of up to Rs 2 crore. The move will provide relief to individual borrowers MSMEs during the COVID-19 outbreak. The waiver on interest would apply, irrespective of whether the borrower has availed of the moratorium in the categories of loans specified by the Govt. The waiving off interest on loans to every category would amount to a burden of Rs 6 lakh crore for banks. 9- Indian rupee, Crude oil is stable. Weekly Trade Setup ==================== Nifty is trading on a major resistance area (11,500) and a correction is accepted.11,200 is the support area. This 300 Point range will decide Nifty Movement for this and for this month so keep an eye on both levels and set up your trade according to it . Intraday Trade Setup for 05th October 2020 =========================================== As per Sgx nifty, we are going to see a huge gap down again so most of the levels based on previous data is Invalid now. We need to set up a fresh trade today. I suggest Use 30 Minute candle high low set up your trade. Wait first 30 minutes. Go in long if a high break or short if low breaks . Use less exposure on the buying side. Major Intraday Resistance is 11,456 and major Intraday support is 11,300. 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
1
Nifty 50 weekly forecast & Intraday setup for 31st August 2020 Good Morning friends, Hope you guys have spent a great time this weekend and made good money in August expiry. Last trading week Index has given an awesome move in the upside. There is no doubt that The Index is trading in an uptrend and making a new high every week but the September month is gonna different from other months. This is a crucial area for the nifty 50 Index because Harmonic prz sits on 10736 to 10800 and it is the supply zone. The important thing is what you guys need to do at this point and what not do. First, stop chasing the trade and do not fight with the Market. Let's talk about key factors for this week and for today's trade setup. Key Factor ============= 1-The Home Ministry issued the Unlock 4 guidelines under which metro trains will be allowed to resume services from September 7 in a graded manner, while political, social, and religious congregations of up to 100 people will be permitted from September 21. However, schools, colleges, and other educational and coaching institutions will remain closed for students till Sept 30, with some relaxations for students of classes 9 to 12. 2-The ED said it has unearthed an online betting scam that involved Chinese nationals and used payment wallets such as Paytm, Cashfree, and Razorpay to make remittances worth Rs 1,200 crore in India and abroad. 3-States will have to bear the interest burden if they decide to borrow the entire Rs 2.35 trillion shortfalls estimated in GST revenue: that’s the second option the central Govt has proposed to raise resources to compensate states amid inadequate cess collection. 4-India reported an increase of 76,472 in its total count of confirmed coronavirus cases. With this, the country’s total Covid-19 case tally reached 3,463,972, and 1,021 fatalities pushing its death toll to 62,550. It is now the third most affected country by total cases, second by active cases, and fourth by death toll. 5-The I-tax dept will soon start sending out intimation to assessees undergoing scrutiny that such cases would now be handled under faceless assessment. Domestic transfer pricing cases too will be covered under the faceless assessment mechanism. 6-The RBI is unlikely to extend the moratorium on repayment of bank loans beyond August 31 as an extension could impact the credit behavior of borrowers without resolving the issues being faced by them following the outbreak of the Covid-19. 7-The Supreme Court held that no state or university can promote students in the final year without holding exams as per the guidelines of the University Grants Commission. 8- Dow is still strong and trading on upside note.300+ Point rally after the Friday trading session. 9- Crude oil steady but almost flat since June month. 10-Rupees is looking strong and in a much better position in August Month. Trade setup for 31st August ================================ As I said in starting that Index is trading on their supply zone so Intraday Trade is a bit tricky here. I will prefer shorts Positions but only for confirmation. There is no a certain level since a lot of chances to see a major gap up opening. Today use 15-minute candlestick to build your trade. the first 15 minutes and set up your trade on it. Go for long if 15 minutes candle high break or open a short if the low break of 15-minute candles 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
2
Nifty 50 Intraday Trade Setup for 24 August 2020Good morning everyone, In the last trading week, we have seen a sideways market. Momentum and direction both were missing in the nifty 50 Index. this is an indecision point to tell what our nifty will do this week. Possibilities on both sides and Index can give any move either upside or downside. The important thing is what you guys need to do at this point and what not do. First, stop chasing the trade and do not fight with the Market. There is no trade and you guys need to accept it. Let's talk about key factors for today's trade setup. Key Factor ================ 1-Union Minister said that the country will have a vaccine against the deadly coronavirus by the end of the year. India currently has three vaccine candidates for Covid-19 -- ChAdOx1, developed by Oxford University, manufactured jointly by the Serum Institute of India and AstraZeneca; Bharat Biotech's Covaxin, jointly developed with the ICMR, and the third is ZycovD by Zydus Cadila. 2-SEBI’s decision to appoint GP Garg as ED has sparked a "strong protest" from the market regulator’s employee association, which has objected to the practice of appointing outside persons or those from non-core streams. 3-India is poised to hire Deloitte & SBI Capital Markets Ltd. to help LIC of India prepare for an initial share sale. The Govt is keen to go ahead with the IPO, potentially India’s biggest to help plug a widening budget gap. 4-The country recorded 69,878 new coronavirus cases in the last 24 hours, taking the total tally to 29,75,70. During this period, 945 people lost their lives due to Covid-19 infection, taking the death toll to 55,794. 5-The RBI suggested bringing down the Govt’s stake in six leading PSBs to 51% over the next 12 to 18 months. This, the regulator feels, will give a much-needed push to the Govt’s disinvestment efforts. 6-The RBI is at the end of its rate cut cycle as inflation is unlikely to decline materially from the current level, and the onus of economic recovery has now shifted to the Govt. 7-SGX nifty is trading on 11419 which is 36 points up from the previous closing. Flat or small gap up is Possible. Technical View & Trade Setup ============================ Friday range (11420-11360) is so Important and you guys need to avoid trade btw this range. You can call them as Intraday resistance and support and our long and short can build on these levels. Nifty Strongest resistance on 11750 and support is on 10900. Sell the bellow image to understand the support and resistance in a longer time frame 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
1
Nifty Intraday Trade setup for 17th of August 2020Good Morning everyone, Hope you guys are doing great and making some money from the stock market.IIn the Friday trading session we had seen a free fall move-in downside from the resistance area. This move was accepted and due to the last week. The main question is does this fall will continue in today's trading session or we will see a short-covering in today's Trading session. Let's see the key factors for today's trading session. Key Factors ============== 1-PM said that mammoth steps have been taken to make the country self-reliant in the defense sector, import of more than 100 military equipment has been stopped. From missiles to light military helicopters, from assault rifles to transport aircraft all will be made in India. 2-Russian President greeted the Indian Govt on 74th Independence Day, *India rightfully enjoys high prestige among the international community, and the success achieved by India in economic, social and other spheres is widely acknowledged. 3-The Govt withdraw a controversial tweet that talked about a proposal to bring transactions under the income tax scanner. The tweet was put up by mygovindia. According to the tweet, the Govt proposed to include life insurance premium above Rs 50,000, health insurance premium over Rs 20,000, foreign travel, education-related fees, and donations above Rs 100,000 in a year in the list of Statement of Financial Transactions. Other transactions proposed to be included are the purchase of white goods, jewelry and paintings over Rs 100,000, and Demat accounts and bank lockers. 4-ivatives of crude oil, their prices move in tandem with crude oil prices. Polyplex group’s profitability margins remain susceptible to any adverse movement in the prices of raw materials. The overseas subsidiaries of PCL have availed term borrowing denominated in EURO and USD and hence remain exposed to foreign currency fluctuation on the payment date. Thus the company is exposed to forex risk on account of any adverse movement in the foreign currencies. In this quarter foreign currency gain was recorded around INR 106 Cr 5-The next few months will be "critical" for the country in the bid to revive economic activity and further fiscal measures may be warranted to ensure that recovery gathers pace, Niti Aayog Vice-Chairman said. 6-India’s exports contracted by 10.2% in July, as the trade of major foreign-exchange earners such as petroleum, gems, electronics, and textiles remained subdued. 7-India has recorded over 65,600 coronavirus cases in the past 24 hours, taking its total to 2,525,222. With over 1,000 fatalities reported on Friday, India's death toll has surged to 49,134. Technical View ================ One thing is clear that Index is now in the correction phase but the main question is what will our entry in Intraday and what position we will prefer. Well, Index is gonna more volatile for today's trading session and we can see a gap up Opening today. 11250-11270 is the Intraday Resistance, and a correction is accepted from here. Nifty Major Resistance area is 11360. Nifty Major support is on 10875 and Intraday support sits on 11025.. Trade Setup ======================= There is no buy position in today's trade setup. We, Risky Trader, can open a short if see any gap up or the first hour up move and Index tests 11250-11270 with 11300 stop loss. Safe Traders can wait the first 30 minutes and mark the high lows of first 30-minute candle and setup trade on it. 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
2
TRADERSAI - A.I.POWERED NIFTY TRADING PLANS for MON 08/09Hey folks, The trading levels for today, MON 08/09, are as given in the chart. Read below for more details. Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-7 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments. NOTE: Pay attention to the Take Profit and Stop Loss levels added as note ( iii ) below. Good luck with your trading today! *********************************************************** Hey everyone! After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index , we are now testing our models on the Indian stock markets with the NIFTY 50 Futures . This is our debut for you all who have been waiting for it! While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you! Notation: (i) Use these line crosses on your choice of time frame chart. Most aggressive - on a 1-minute chart Moderate - 5 to 15 minute chart Intraday swing - 30 minute chart Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results. (ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc. Solid Green Line: Models would go long on a cross above this line Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long). You can use Close-to-Close basis OR Open-to-Close basis OR Low-to-High, depending on your trading style. Solid Red Line: Models would go short on a cross below this line Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short). You can use Close-to-Close basis OR Open-to-Close basis OR High-to-High, depending on your trading style. ( iii ) Take Profit: Our NIFTY models are currently using a 20-point trailing stop activated once a 15-point profit level is reached. Stop Loss: Our NIFTY models are currently using a 30-point stop loss level activated at the entry. This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.
NSE:NIFTY
by TradersAIDotCom
TRADERSAI - A.I.POWERED NIFTY50 TRADING PLANS for THU 08/06 Hey everyone, The trading levels for today, THU 08/06, are the same as for yesterday. Read below for more details. Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-5 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments. NOTE: Pay attention to the Take Profit and Stop Loss levels added as note ( iii ) below. Good luck with your trading today! *********************************************************** Hey everyone! After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index , we are now testing our models on the Indian stock markets with the NIFTY 50 Futures . This is our debut for you all who have been waiting for it! While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you! Notation: (i) Use these line crosses on your choice of time frame chart. Most aggressive - on a 1-minute chart Moderate - 5 to 15 minute chart Intraday swing - 30 minute chart Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results. (ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc. Solid Green Line: Models would go long on a cross above this line Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long). You can use Close-to-Close basis OR Open-to-Close basis OR Low-to-High, depending on your trading style. Solid Red Line: Models would go short on a cross below this line Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short). You can use Close-to-Close basis OR Open-to-Close basis OR High-to-High, depending on your trading style. ( iii ) Take Profit: Our NIFTY models are currently using a 20-point trailing stop activated once a 15-point profit level is reached. Stop Loss: Our NIFTY models are currently using a 30-point stop loss level activated at the entry. This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.
NSE:NIFTY
by TradersAIDotCom
TRADERSAI - A.I.POWERED NIFTY50 TRADING PLANS for MON 08/03 Hey all, Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-3 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments. Good luck with your trading today and have a great week ahead! *********************************************************** Hey everyone! After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index , we are now testing our models on the Indian stock markets with the NIFTY 50 Futures . This is our debut for you all who have been waiting for it! While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you! Legend: (i) Use these line crosses on your choice of time frame chart. Most aggressive - on a 1-minute chart Moderate - 5 to 15 minute chart Intraday swing - 30 minute chart Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results. (ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc. Solid Green Line: Models would go long on a cross above this line Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long). You can use Close-to-Close basis OR Open-to-Close basis OR Low-to-High, depending on your trading style. Solid Red Line: Models would go short on a cross below this line Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short). You can use Close-to-Close basis OR Open-to-Close basis OR High-to-High, depending on your trading style. This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.
NSE:NIFTY
by TradersAIDotCom
R-0086 BUY NIFTY | TARGET: 11,350 | STOP LOSS: 11,100BUY NIFTY | TARGET: 11,350 | STOP LOSS: 11,100 The Nifty index continued to make a higher top and a higher bottom pattern and also achieved our short term target of 11,200. The overall structure is still looking positive as long as it holds its 200-DMA which is placed at 10,865 levels. The momentum indicators and oscillators are very well in the buy mode on the weekly scale which hints that bulls still have the upper hand. The volatility index, IndiaVIX, is hovering near 25 levels which is giving comfort to the bulls. Thus, aggressive traders can initiate a long position with a strict stop loss of 11,100.
NSE:NIFTYLong
by brainmassfinance
Nifty Big Bear Case - long term view.Nifty has managed to close above its 100 week EMA. Previously the zone near this EMA has acted as a major trend reversal zone and has also had many fake-outs near 100 WEMA (which you can see on charts) before reversing the trend which is a possibility here. It can test upper levels of 11000+ to potentially trap bulls before reversing. A weekly close below 10728 on Nifty spot would confirm this thesis. As long as Nifty doesn't close a weekly candle below 100 WEMA this bear case will be null and void.
NSE:NIFTY
by anmolteja
7
Nifty 50 Intraday Trade Setup for 26 June 2020Good Morning friends, I hope you guys are doing good and making money from the stock market. finally ending with a negative bias in June month expiry. We enter in July month expiry. In June expiry Index was so bullish and give almost 1000 Points run. The question is is the Bull run will be continued in July also. Well, Index is breaching on their supply zone ( 10800-11000) and we can see a correction from here. The short term trend of Nifty is still negative. Let's talk about key factors for today 26th June trade setup. Key Factors =========================== 1-SGX closed on 10289 which is 53 point above from the previous closing. A small gap up or flat opening we will see in Nifty 50 Index. 2- Dow is recovering from last week. Trading on 10307 which is 71 Point above from the previous closing. 3-Rupee keeps its range-bound trades continued between 75.50-75.90 & broad range of 75.00-76.40. 4-Cautiousness was visible as the IMF revised their GDP growth outlook for India and the infections continued to rise. India on June 25 recorded its highest single-day jump of nearly 16,000 COVID-19 cases and the number of cases in Delhi surpassed Mumbai on June 24 while the lockdown in containment zones in West Bengal was extended till July 31. 5-The Railways on June 25 announced its decision to cancel regular time-tabled passenger services, including mail, express, passenger and suburban services up to August 12. It had earlier canceller all regular train services till June 30. 6-India plans to impose stringent quality control measures and higher tariffs on imports from China, people with the knowledge of the matter said, as a military standoff between the neighbors threatens economic ties. China is India’s biggest source of imports, with purchases including electronic goods, industrial machinery, and organic chemicals running into almost $70 billion last year. Beijing enjoys a trade surplus of about $50 billion with New Delhi. Source Bloomberg Technical View ============================== Nifty on Thursday closed bellow 10,300 but the candle is bullish on the daily chart and index has still room in the upside and can test 10,800-11,000. this is the major supply zone for Index. Resistance: Intraday Resistance is on 10,360 and key Resistance area is on 10,800 to 11,000 Support: Intraday support is on 10,200 and the key support is on 9,500 Trade Setup =============== Long: Long Position can build on the breakout of the Intraday resistance which is 10,360 Short: Short Position can build lower than 10,195 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
2