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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
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by CodeViser
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21st Jan Nifty levelsBuy above and Sell Below levels are given. Simple Low Risk approach: If Nifty Opens, sustains and goes up in the Green Zone, buy. If Nifty Opens, sustains and goes down in the Red Zone, sell. If Nifty opens in the white zone, wait for the trend to reveal itself. Ignore everything else. Riskier approach (Ignore if you like playing safe) If price opens in the Green Zone and crosses over to White, sell. If price opens in the Red Zone and crosses over to White, buy. All analysis is for educational purposes. Please consult your financial advisor before initiating a trade.
NSE:NIFTY
by RameezReza
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.
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by CodeViser
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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 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