NIFTY Podcast 28 Aug 2024Two trades were taken today.
1st trade was on OI line entry on 5min timeframe. It was taken with Credit Spread, because I was expecting the market to be sideways and also take advantage of decay in premium prices.
2nd trade was on Podcast levels, again with Credit Spread to take advantage of decay in premium prices.
Notes:
- Credit Spread works when market is sideways or there's 50% risk to be taken
Niftyintradaysetup
Nifty anlaysis for tomorrow 28 july 2024 (Nifty Intraday Setup)Today After breaking previous day high nifty consolidated from 12 pm to 2 pm and failed to sustain at higher level.
And Nifty closed with a selling swing today.
So for tomorrow if with opening market created a selling swing then a bounce will be expected and day high break or price near high will be expected. Look for W pattern on 5 min.
(SELLING SHOULD NOT BE VERY SHARP AND BIG).
And
If Price move upside and take rejection below todays high & created a lower High (M Pattern on 5 mins.) then intraday low break will be expected.
NIFTY Podcast 26 Aug 2024Again on NIFTY, took only 1 trade with Gap up/down strategy.
1:1 target achieved right away in the second candle itself.
Notes:
- Closed early due to peer pressure of reaching or closing the targets. Next time, will mute all groups or channels to focus on the trade itself.
- There was another entry based on podcast strategy, but neither it hit the target nor it hit the stoploss. Second trade can always be debit spread or credit spread to avoid loss in the decay in the premiums of naked buying options.
#NIFTY Intraday Support and Resistance Levels - 23/08/2024Flat opening expected in nifty in consolidation zone. Any strong rally only expected if nifty gives break of this 50-60 points consolidation zone. Expected bullish rally upto 25000+ only after breakout and sustain above 24850+ level. Downside possible below 24800 level.
#NIFTY Intraday Support and Resistance Levels - 22/08/2024🔔 Nifty Update for Today:
📈 Gap-Up Opening Expected:
Expected Opening Level: Near 24850
Key Bullish Level: 24850
Potential Upside Target: 25000
Nifty is expected to open with a gap up near the 24850 level today. If the index sustains above this level after opening, a strong upside rally could push it towards the 25000 mark during the session.
📉 Watch for Downside Risks:
Critical Reversal Level: 24800
Important Support Level: 24650
However, if Nifty starts trading below 24800, downside movement may be possible. The 24650 level will serve as an important support in today’s session.
Nifty live predection and analysis for intradayNifty looking bullish
if sellers again try to push towards support and break resistance then upmove is expected
watch chart on 5 min.
THIS OVERVIEW IS FOR VERY SHORT PERIOD.
Disclaimer: Any of my posts should not be considered as a Buy/ Sell/Hold recommendation. This analysis is for educational and learning purpose only.
I always recommend using Stop Loss and following risk management rules.
Nifty Analysis for Monday 29 july 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000.
So I am providing highest probability intraday setup in Nifty50
My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce.
If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
NIFTY - Correction ahead of BudgetAt this juncture, nifty is expected to correct to the mentioned levels & to continue its rally towards 25,000 ~ 25,400 levels before any monthly correction can happen. The correction will be progressing through various barriers of supports(FIBONACCI & T.lines).
SI - 24,162
SII - 24,010
SIII - 23,881 ~ 23,855 levels (V.imp support coincidence of .5% & mid T.line)
The strategy is to take short today after testing the previous High @ 24,401 (the move might start today or 2 days later, Tentative)
Trade Accordingly
Nifty Intraday (10-Jul-2024)The image displays a chart for the Nifty 50 index from the National Stock Exchange of India, showing intraday movements on a 15-minute time frame. The chart includes details such as:
Date and Time: Published on July 9, 2024, at 18:55 IST.
Index Information: The Nifty 50 Index is shown at various prices, with the current price being 24,417.25, down by 16.80 points.
Technical Analysis: There's a 20-period Exponential Moving Average (EMA) indicated at 24,401.59.
Trading Recommendations:
-Buy Signal: A green arrow points upwards with a note to "Buy Above 24450" targeting an open position above 24,550.
-Sell Signal: A red arrow points downwards suggesting to "Sell Below 24375" with a target (Tgt) of 24,275 or lower.
Nifty Intraday (09-Jul-2024)Description:
Explore intraday trading analysis for Nifty 50. We've identified critical buy and sell levels based on the latest candlestick patterns and EMA trends.
Buy Signal: Consider a long position if Nifty 50 rises above 24,350, with an open target of 24,450+. This move suggests bullish momentum could extend further, offering a potential profit opportunity.
Sell Signal: A short position is advisable if the index drops below 24,265, targeting 24,150-. This setup is based on recent resistance and the potential for downward continuation.
Chart Details:
-Time Frame: 15 minutes
-Indicator: 20-period Exponential Moving Average (EMA)
Trading Strategy:
The strategy utilizes precise entry and exit points to capitalize on short-term price movements. Risk management through stop-loss orders at strategic levels is recommended to minimize potential losses.
Nifty Intraday (08-Jul-2024)It looks like you have provided a trading chart for Nifty 50 Index with specific trading signals for July 8th. Here are the key details from the chart:
Buy Signal:
-Trigger: Above 24,350
-Target: Open for 24,450+
Sell Signal:
-Trigger: Below 24,265
-Target: 24,150-
The chart uses a 15-minute timeframe and shows the price action along with an EMA (20) indicator.
Nifty Intraday (05-Jul-2024)The image is a chart displaying the 15-minute price movements of the Nifty 50 Index for July 3rd and 4th, 2024. It includes technical analysis with marked buy and sell signals:
-Buy Signal: A suggestion to buy above 24,350 with a target open for 24,450 or more.
-Sell Signal: A recommendation to sell below 24,275 with a target of 24,125 or lower.
The chart also shows the 20-period Exponential Moving Average (EMA), which helps traders gauge the trend direction and potential support or resistance levels.
NIFTY - Trend ContinuationAs it happens there seems to be some strength left in the bullish cycle.
This is based on the fact that the trendlines that were resisting till now can't hold it anymore & need much stronger resistance which is where the market is headed (to 24,300 levels)
All of this analysis is attributed to the development of interim weekly correction that collapsed the overall wave analysis done earlier (it calls for an additional 3 waves --> UP-DOWN & UP)
Strategy:
Long only if the market stays above 23,680 with a limited position only
SL: 23,620
Nifty Intraday (02-Jul-2024)An intraday trading chart for the Nifty 50 Index on July 2, 2024, captured in 15-minute intervals. Here's a detailed overview of the chart:
Candlestick Format: Utilizes candlestick bars to depict price action for each 15-minute period, indicating open, high, low, and close prices.
Exponential Moving Average (EMA): A blue line representing the 20-period EMA is visible, which helps traders identify the trend's direction and dynamic levels of support or resistance.
Trading Signals:
-Buy Signal: A green arrow points upwards, suggesting to buy if the Nifty exceeds 24,150, with an open target potentially reaching or surpassing 24,275.
-Sell Signal: A red arrow pointing downwards indicates a selling opportunity if the index falls below 24,075, with a target of 22,950.
Technical Analysis Overview: The chart illustrates the Nifty's price movements within a sideways to an upward trend, using the EMA line as a reference point for potential support or resistance levels. The annotations provide strategic entry and exit points based on specific price thresholds.
Nifty Intraday (01-07-2024)The image displays a trading chart for the Nifty 50 Index, showing a 15-minute interval, as observed on July 1, 2024. Here are the key features of the chart:
Candlestick Format: Each bar represents a 15-minute trading interval with indications of opening, high, low, and closing prices.
Exponential Moving Average (EMA): A blue line represents the 20-period EMA, providing insight into the trend's direction and potential support or resistance levels.
Trading Signals:
-Buy Signal: A green arrow suggests buying if the Nifty moves above 24,035, with an open target above 24,150.
-Sell Signal: A red arrow indicates a selling position if the index drops below 23,950, aiming for a target of 23,825.
Technical Overview: The chart captures the intraday movement of the Nifty index, illustrating volatility and potential trading zones based on the EMA and past performance.
NIFTY - On the verge of a correction There is a possibility that the market is being interrupted by the intersection of two strong resistances (mid-trend line intersection) which calls for a correction in the monthly time frame.
However, the penultimate move is yet to be completed.
The market is about to test the previous day's low @23,442.60 & after that, there will be a struggling upward move testing again at 23,664. The correction progresses from there to the 21,280 ~ 21,200 levels
Today support for the upcoming penultimate move will be,
SI - 23,442.60
SII - 23,435 ~ 417
SIII - 23,382
NO recommended SL for this trade setup (Any substantial increase above 22,664, calls off the trade).
The resistance to the final move is 23,664 & is expected to surpass the said levels by a minimum margin.
Trade accordingly.