CodeViser

CodeViser

We saw a V-shaped recovery in Friday's trading session, but it came after a considerable downfall throughout the week, so it was hard to trust this recovery. It might be a dead cat bounce or a trap; however, as intraday traders, we must engage in trading regardless of the market's behaviour. Only rule-based traders can thrive in this bearish market.

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Index behaviour has been unpredictable since January 2024. None breakouts or falls have been sustained for the whole day, which is a sign of the dirty uptrend, which is not reliable, especially when the Index is trading on ath Intraday Range: 22,430 to 22,620 Strategy 1: The range is wider, so focus on reversals of critical resistance and support. Strategy 2:...

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Gifty nifty is trading on a positive note, around 50 points up from yesterday's closing, which is a sign of a small gap up or flat opening. The market range is tight from the last three trading sessions (22,520 to 22,400 ). Intraday Range: 22,520 to 22,400 Considerable long above 22,520 for the target of 22,600/22,640 Considerable Short below 22,400 for the...

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Multiple rejections from hourly resistance indicate that the index is still declining, so be defensive when opening the long positions above 10,575. Intraday Range: 10,575 to 10,460 Long above 10,600 ( 25 points buffer to avoid the fake breakout ) Short bellow : 10,460

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# Intraday is tricky because the Index trend is missing in higher tF; we must focus on small moves in a lower time frame to catch the moves in the day. I have used hourly TF to understand the current market moves and curves. The hourly trend changed on 21 March, and the price has sustained above it, so the critical level for today is 20,830, and the failure of the...

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Key Resistance : 46,730 key support : 46,000 Intraday Range is 46,250 to 46,500 Index is trading in a very tight range higher chances to move in both of side... Scalpers and non directional traders can consider the intraday range to build their short term trades... Directional traders must be wait to shift the 700 points range ( 46,730 to 46,000)

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#gifty trading is slightly negative, around 40 points from our closing, a sign of a flat to small gap down. We saw a bounce from hourly support during the Friday trading session, so there is still hope for a bounce or a pullback in the short term. Harmonic ABCD patterns will be activated at a rate lower than 21,900, and it is a crucial support for nifty this week...

CodeViser Updated 

I have posted two charts: the First is to understand the Intraday, and the second is my short-term view. Today is the weekly closing and the day that decides the market trend for next week. 72,500 is the last hope for the Bulls and a very critical zone, so keep an eye on these levels. They can help you play for the maximum today or in the upcoming days. Intraday...

CodeViser Updated 

Yesterday, the Nifty 50 index experienced a free fall. The question is whether this downward trend will continue today, especially on expiry day. Every day in the stock market is unique, and to succeed as traders, we must avoid being biased by previous movements. It's crucial to follow the levels. Currently, the Nifty is trading flat, suggesting a higher...

CodeViser Updated 

The market trend is unpredictable when it's stuck in a range. The index is moving both sides and creating uncertainty, which is the cause of volatility, so be careful during the intraday. Today is bank nifty expiry, and here are the index's essential daily levels. Intraday Range: 47,500 to 47,170 Long above 47,500 for the target of 47,750/47,800. Short below...

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I've used charts to show things clearly. On Monday, there are two critical levels to watch. The first is 19,560 – a critical resistance point because the Index has been stopped by it many times before. If the Index breaks past this point, it might show a new trend (a change in how prices move). The second level is the low point, which might mean the prices will...

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The current market scenario is sideways to bullish, and we have been trading in a range since Friday. The index momentum on both sides, the levels of 19,520 to 19,300. Intraday must be plan in this range for the limited targets. Intraday Range: 19460 to 19,400 Key resistance: 19,520 Key support: 19,300 Trade Accordingly!

CodeViser Updated 

Trading intraday can be challenging unless you establish a connection between smaller and larger timeframes. Here are the potential trading strategies for today's session. However, please note that these ideas may become irrelevant if the market index opens with a significant gap up or gap down.

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SGX nifty moves again in the upside from the hourly/daily support area, clearing the one thing that 17,250/17,300 is still significant support for the upcoming. The market structure is on the downside, but we need to break this level to see a clear downtrend; otherwise, it will be stuck again in the range. Critical Resistance: 17,545. This is the previous...

CodeViser Updated 

The banking sector looks weaker compared to others, which is the main reason for the current decline moves. The market sentiments change so quickly, so you must take action on a certain level, either for continuation or reversal. Today Intraday Range is 40,900 to 40,570

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Nifty 50 Moves Identification for the Intraday of 21st February I have marked two Important levels for today's trade setup. First: Based on the Pull back, the Key resistance for the Intraday (17,920) Second: Based on yesterday's swing low. Breaking this level is a sign the trend will continue (17,780) Both levels are sell levels, either on pullback or...

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We are still trading in an indecision zone, The current market structure is sideways, and we need to wait to shift this range, either upside or downside, to predict the next move of the #nifty50 Index. Hourly Market structure is showing some strength, but it is unreliable to view the upside; we need more confirmation. Next week will be essential for us to plan...

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#Nifty has bounced multiple times from their support (17,760) and created a possible bottom that could signal the hourly trend reversal, but we need confirmation. Friday's closing was the most important because it was the week's last session, and we have seen a favourable ending. Let's see if the market sentiment continues. 2 Hour TF ========= 1- Bottom valid...