Good Morning Traders,
Yesterday, Nifty maintained a bullish tone throughout the session, respecting the upward support trendline and closing near the higher levels. Price action stayed above key psychological support zones, hinting at buying interest on dips. Resistance near the 24,660 area acted as a hurdle, and today’s session will decide whether bulls can take control for higher targets or sellers will step in at resistance.
Important Levels for Nifty (15-Minutes Timeframe):
Buy Setup:
Sell Setup:
Trend Bias: Neutral-to-bullish above 200 EMA; bearish bias if price sustains below it.
Note: Levels are for reference. When a trade setup forms, I will update it in the live market, stay tuned.
Disclaimer: This analysis is for educational purposes only. Please do your own research or consult a financial advisor before trading.
Yesterday, Nifty maintained a bullish tone throughout the session, respecting the upward support trendline and closing near the higher levels. Price action stayed above key psychological support zones, hinting at buying interest on dips. Resistance near the 24,660 area acted as a hurdle, and today’s session will decide whether bulls can take control for higher targets or sellers will step in at resistance.
Important Levels for Nifty (15-Minutes Timeframe):
- Intraday Support Zone: 24,583 – 24,536
- Intraday Resistance Zone: 24,659 – 24,735
Buy Setup:
- Buy above 24,659if the level sustains for at least 15 minutes.
- Targets: 24,735 / 24,794
- Stop Loss: 24,612
Sell Setup:
- Sell below 24,583if the level sustains for at least 15 minutes.
- Targets: 24,536 / 24,485
- Stop Loss: 24,650
Trend Bias: Neutral-to-bullish above 200 EMA; bearish bias if price sustains below it.
Note: Levels are for reference. When a trade setup forms, I will update it in the live market, stay tuned.
Disclaimer: This analysis is for educational purposes only. Please do your own research or consult a financial advisor before trading.
Trade active
Guy's nifty has come at upward support trendline zone and taking support here, i have tradeLet's take 21st Aug nifty 24600 ce now at 170
keep stop loss at 135
Targets 191/210/232++
For option writer sell 2 lot 24700 pe now at 165
and hedge(buy) with 24500 pe now at 81
Don't hold loss of more than 2600
and for profit side you can think to book once profit reaches 2000+ proft tgt will be 4000++
Don't take huge qty recommended max 1-2 lot for better risk and reward. Wish you all the best.
Note
1st Target done of 191Rahul Pal (TradingView Moderator)
Free Telegram: spf.bio/c1lkb
Website: realbullstrading.com
For Learning Options & Swing Trading Strategies click here: wa.me/919560602464
Free Telegram: spf.bio/c1lkb
Website: realbullstrading.com
For Learning Options & Swing Trading Strategies click here: wa.me/919560602464
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Rahul Pal (TradingView Moderator)
Free Telegram: spf.bio/c1lkb
Website: realbullstrading.com
For Learning Options & Swing Trading Strategies click here: wa.me/919560602464
Free Telegram: spf.bio/c1lkb
Website: realbullstrading.com
For Learning Options & Swing Trading Strategies click here: wa.me/919560602464
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.