NIFTY Podcast 21 Aug 2024Altogether, three trades setup were there today for NIFTY, But I was able to take only the first two.
Notes:
- The third trade was highly risky, as the OI Data was just positive in small numbers, and on the other side BANK NIFTY OI Data was negative.
- Today should've opted for Credit Spread/Debit Spread on the second trade, as there was theta decay in the premium although the expiry is next day
Nify50
NIFTY INTRADAY LEVELS FOR 13/03/2024BUY ABOVE - 22390
SL - 22350
TARGETS - 22440,22520,22580
SELL BELOW - 22310
SL - 22350
TARGETS - 22270,22230,22170
NO TRADE ZONE - 22310 to 22390
Previous Day High - 22440
Previous Day Low - 22270
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 11/08/2023BUY ABOVE - 19620
SL - 19580
TARGETS - 19680,19730,19765
SELL BELOW - 19500
SL - 19530
TARGETS - 19440,19350,19300
Previous Day High - 19620
Previous Day Low - 19500
Watch that major trend line... after breakout that trend line only we can expect buying chance in the market
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
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Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
DXYOne more support for bull case scenario for NIFTY is DXY closing below 106 level. Till it below 106, long side may have better risk reward in case of Indian stocks. Two things are to be looked into DXY below 106 and VIX below 16. That will surely help bulls. One more important parameter is to be watched for is 10 Year G-Sec. It must stay below 7.50% for any upside in Indian Markets.
NIFTY 50 for 3 Jan 2023Nifty50 opens with a gap today at 18131 vs the previous close at 18105.
Today formed a bullish candle closed near the day's high.
The price structure looks good and may continue to go up further to the next resistance level.
The next resistance is at 18385- 18420.
Immediate support at 18100
NIFTY VIEW - 25 Jan 2022The above levels are to be considered for Intraday.
If price is above the orange zone, can be bullish until the next red zone or line.
If price is below the orange zone, can be Bearish until the next green Zone or line.
If price is near our zones react and make target of next zones. SL of zones up or downside.
If zone to zones levels is long, make it half for scalping trade. as per price action
In between the zone, no trading zone.
Nifty 28th Dec Elliott wave AnalysisHello Traders ,
as we have seen today Nifty has open gap down and make a day low of approx 250 points and then it move toward up direction .
so our view for 28th Dec 2021 is bearish, reason behind this is elliott wave principle calculation of flat pattern . as shown in figure
Nifty Long / short ViewWe had a breakout from Bullish Flag earlier but now can see consolidation, forming a bullish rectangle kind of pattern.
Positional view
No trade inside the rectangle. Black rectangle for additional security.
If we get a breakout above 15970/16000 levels long for targets of 16280/16488/ 16600
But if price falls below 15560 and 15440 then we have a short trigger for lower targets of 15180/ 15000 and 14884