Markets:- How to Trade Nifty on Friday?

Moneyites May 14, 2020 No Comments

Nifty Tips:- In the previous session, The NSE main index Nifty 5o declined by -240.80 points or -2.57% to close at 9142.75. The index opens gap lower and further correct down to the days worst level of 9119.75 almost kissed our second support level of the day before finally settled for the day.

Day Trading:- The Nifty index forms a consecutive bearish candle with a gap down opening signs weakness to continue and the index closed near the day low with negative sentiments. The crucial support level of 9000 in the index will be on test on Friday and how nifty play out this level? Will have huge significance as it may set the future direction of the market in the coming time.

So a Short position can be initiated below 9110 in Nifty Future or Buy Nifty Option of 9100 put strike price for the given target and keep a note of the fact that if Nifty sustains above 9000 some bounce back cannot be ruled out.

As our levels decode the daily market movements in simple support and resistance levels with high accuracy. So we recommend keeping the below levels at the back of your mind before going for the intraday trading.

Nifty Support and Resistance Level:- The index has immediate resistance at 9195 above this it may retest the level of 9265-9330 to the upside. Whereas below the level of 9110 it is looking weak and may retest the support level of 9060-9000 to the downside.

Nifty

Also Read:-Markets:- How to Trade Nifty on Thursday?

Markets:- How to Trade Nifty on Thursday?

Moneyites May 14, 2020 No Comments

Nifty Tips:- In the previous session, The NSE main index Nifty 5o gains +187 points or +2.03% to close at 9383.55. The index opens gap higher 387.65 points on account of relief package but fails to manage on a higher level reverse half of its morning gains to closed in green by the day end.

Day Trading:- The Nifty index rides on the bulls in today’s trading session but the bears still have the upper hand on the market. The index continued its bearish momentum as closed near the day low with negative biases after opening with strength in the morning. The index facing strong selling pressure from the level of 9450 and failed to close above it.

So a Short position can be initiated below 9350 in Nifty Future or Buy Nifty Option of 9300 put strike price for the given target.

As our levels decode the daily market movements in simple support and resistance levels with high accuracy. So we recommend keeping the below levels at the back of your mind before going for the intraday trading.

Nifty Support and Resistance Level:- The index has immediate resistance at 9440 above this it may retest the level of 9530-9620 to the upside. Whereas below the level of 9350 it is looking weak and may retest the support level of 9230-9110 to the downside.

Nifty

Also Read:-Markets:- How to Trade Nifty on Tuesday?

Markets:- How to Trade Nifty on Tuesday?

Moneyites May 11, 2020 No Comments

Nifty Tips:- The NSE main index Nifty 5o drops to 9239.20 after the loss of -12.30 points or -0.13% in today’s trading session. The Index opens gap higher 96 points and added another 91.75 points to mark the day high of  9439.90 and kissed both the upside target as mentioned in the previous report.

The index off the day high taking resistance from the magical level of 9450, give up all the gains and slips in losses to close in red by the day end.

Day Trading:- The Nifty index price action facing stiff resistance from the level of 9450. The index trading in a range of 9100-9450, So wait and watch for either side breakout of this range for a directional move. As our levels decode the daily market movements in simple support and resistance levels with high accuracy. So we recommend keeping the below levels at the back of your mind before going for the intraday trading.

Nifty Support and Resistance Level:- The index has immediate resistance at 9300 above this it may retest the level of 9350-9420 to the upside. Whereas below the level of 9215 it is looking weak and may retest the support level of 9180-9115 to the downside.

Nifty Tips

Also Read:-Markets:- How to Trade Nifty on Monday?

Markets:- How to Trade Nifty on Monday?

Moneyites May 9, 2020 No Comments

Nifty Tips:- The NSE main index Nifty 5o added 52.45 points or +0.57% to close at 9251.50 on the last trading session of the week. The main index opens gap higher 177.90 points as mentioned of a momentum move in the last report but gives up most of its morning gains to end up in green for the day. On the weekly ground, the index has fallen 608 points to end up the week in the red.

Day Trading:- The Nifty index price action broke down of a rising wedge pattern and continues downside further to test the support level of 9100 in the previous week. The index is now taking support at the level of 9100 and if continues to manage above it may head higher to retest the level of 9500-9600 in the coming week and below 9100 it may continue the rally to the level of 8900-8700.

Nifty Support and Resistance Level (Daily):- The index has immediate resistance at 9305 above this it may retest the level of 9345-9400 to the upside. Whereas below the level of 9215 it is looking weak and may retest the support level of 9180-9115 to the downside.

Nifty Tips

Also Read:-Markets:- How to Trade Nifty on Friday?

Markets:- How to Trade Nifty on Friday?

Moneyites May 8, 2020 No Comments

Nifty Tips:- The NSE main index Nifty 5o drops -71.85 points or -0.78% to close at 9199.05 on Thursday trading session. The Nifty index opens gap lower and extends losses further to the days worst level of 9176 after hitting the first support target.

Day Trading Plan:- The Nifty index forms a small bearish candle on the daily chart. The price action traded in a range throughout the day with the negative sentiment is a sign of exhaustion or paused for a momentum move. The Nifty index is near to its crucial support zone of 9110-9000 levels which further set the future direction of the market in the coming time.

Nifty Support and Resistance Level:- The index has immediate resistance at 9255 above this it may retest the level of 9330-9400 to the upside. Whereas below the level of 9180 it is looking weak and may retest the support level of 9115-9060 to the downside.

Nifty

Also Read:-Markets:- How to Trade Nifty on Thursday?

Markets:- How to Trade Nifty on Thursday?

Moneyites May 6, 2020 No Comments

Nifty Tips:- The NSE main index Nifty 50 gains 65.30 points 0.71% to close at 9270.90 after giving up early gains in today’s trading session. The Nifty index opens flat to positive but reverses gains and breached support level of 9190 to mark the days low of 9117 after hitting the first target. The index then swung from the day low to mark the day high of 9346 and finally managed to closed in green with the modest gain.

Day Trading Plan:- The Nifty 50 price action forms a Doji candle signed indecisiveness in the coming time. The index gain today is on account of short covering while continuing to face stiff selling pressure from the resistance area. So “Sell on Bounce” move should be utilized as long as nifty is sustaining below the level of 9450 on closing basis.

So a Short position can be initiated on the rise in Nifty Future or Buy Nifty Option of 9300 put strike price for the given target.

Nifty Support and Resistance Level:- The index has immediate resistance at 9340 above this it may retest the level of 9390-9450 to the upside. Whereas below the level of 9240 it is looking weak and may retest the support level of 9180-9080 to the downside.

Nifty Tips

Also Read:-Markets:- How to Trade Nifty on Wednesday?

Markets:- How to Trade Nifty on Wednesday?

Moneyites May 5, 2020 No Comments

Nifty Tips:- The NSE main index Nifty 50 extends losses of -87.90 points or -0.95% to closed at 9205.60 on Tuesday trading session. The Nifty index opens gap higher 135 points to 9429 but reverses gains from the magical number of 9450 as mentioned in the previous report. The Nifty index later in its second half breaches the support of 9260 and marked the days worst levels of 9191 before finally settled for the day in the red.

Day Trading Plan:- The Nifty 50 price action forms an aggressive bearish candle on the daily chart. It is index second consecutive losses for the week and closed near the day low with the negative biases. The bearish momentum to continue in the index and “sell on bounce” move should be utilized as long as nifty is sustaining below the level of 9450.

So a Short position can be initiated on the rise in Nifty Future or Buy Nifty Option of 9400 put strike price for the given target.

Nifty Support and Resistance Level:- The index has immediate resistance at 9275 above this it may retest the level of 9365-9450 to the upside. Whereas below the level of 9190 it is looking weak and may retest the support level of 9140-9080 to the downside.

Nifty

Also Read:-Markets:- How to Trade Nifty on Tuesday?

Markets:- How to Trade Nifty on Tuesday?

Moneyites May 4, 2020 No Comments

Nifty Tips:- The NSE main index Nifty 50 closed in deep red at 9293.50 after the loss of -566.40 points or -5.74% in today’s trading session. As mentioned in our previous report Nifty index opens gap lower -327 points and slips another -183 points to mark the day worst level of 9266.95 after broke down from the support level of 9450.d

Day Trading Plan:- The Nifty 50 price action forms an aggressive bearish candle on the daily chart. The price action has broken down from the rising wedge pattern and closed below the support line in today trading session. The index is looking weak and below the support level of 9260 it may continue the downside rally in the short run

So a Short position can be initiated below 9260 (Spot level) in Nifty Future or Buy Nifty Option of 9200 put strike price for the given target.

Nifty Support and Resistance Level:- The index has immediate resistance at 9340 above this it may retest the level of 9450-9580 to the upside. Whereas below the level of 9260 it is looking weak and may retest the support level of 9175-9100.

Nifty

Also Read:-Markets:- How to Trade Nifty on Monday?

Markets:- How to Trade Nifty on Monday?

Moneyites May 4, 2020 No Comments

Nifty Tips:- The NSE main index Nifty 50 added 306.55 points or +3.21% to close at 9859.90 in the last trading session of the week on Thursday. The Nifty index opens gap higher 230+ points and keeps the gaining momentum continues to hit the daily resistance target as mentioned in the last report and closed near the day high.

Day Trading Plan:- The Indian benchmark index Nifty 50 set to start the week in deep red on Monday in line with the global theme. The key level to watch out for today in Nifty index is 9450 and how Nifty play out this level is important in the short-term. Don’t go short all in one wait for some pullback and confirmation nearby 9450 levels will be a smart move.

So a Short position can be initiated below 9450 in Nifty Future or Buy Nifty Option of 9400 put strike price for the given target.

Nifty Support and Resistance Level:- The index has immediate resistance at 9450 above this it may retest the level of 9580-9730 to the upside. Whereas below the level of 9450 it is looking weak and may retest the support level of 9260-9120.

Nifty Tips

Nifty blow-off top

Also Read:-Markets:- How to Trade Nifty on Thursday?

Markets:- How to Trade Nifty on Thursday?

Moneyites April 30, 2020 No Comments

Nifty Tips:- The NSE main index Nifty 50 advanced by 172.45 points or 1.84% to close at 9553.35 by the day end on Wednesday. The Nifty index opens on a positive note and hit both the daily profit targets as mentioned in the previous report.

Day Trading Plan:- The Indian benchmark index Nifty 50 set to start the day on a positive note. The Nifty index has given the breakout of the trading range in the north expect the bulls to continue the ride as long as holding above the level of 9400.

So a long position can be initiated in Nifty Future or Buy Nifty Option of 9500 call strike price for the given target.

Nifty Support and Resistance Level:- The index has immediate resistance at 9605 above this it may test the level of 9660-9730 to the upside. Whereas it has nearest support at 9495 below this it may drop to the level of 9450-9390 to the downside.

Nifty Tips

Also Read:-Markets:- How to Trade Nifty on Wednesday?