Trade Setup

Trade setup for Tuesday: Top 15 things to know before Opening Bell

Nifty is currently placed at the minor trend line resistance around 11,250 and this hurdle is expected to be broken on the upside by the next session, Nagaraj Shetti of HDFC Securities has said.

Trade Setup for Monday: Top 15 things to know before Opening Bell

Any upside bounce up to 11,350-11,400 could be a sell on rise opportunity in the market, Nagaraj Shetti of HDFC Securities said.

Trade setup for Friday: Top 15 things to know before Opening Bell

The next important lower retracement area is at 38.2 percent, which is around 10,175 levels. Nifty testing this area can't be ruled out in the near term, says Nagaraj Shetti of HDFC Securities.

Trade setup for Thursday: Top 15 things to know before Opening Bell

Ajit Mishra of Religare Broking expects volatility to remain high on Thursday as well, thanks to the scheduled derivatives expiry of September month contracts.

Trade setup for Wednesday: Top 15 things to know before Opening Bell

Key support level for the Nifty is placed at 11,058.2, followed by 10,962.7. If the index moves up, the key resistance levels to watch out for are 11,275.7 and 11,397.7.

Trade setup for Tuesday: Top 15 things to know before Opening Bell

The lower area of 11,100-11,150 is likely to offer minor support for the Nifty in the next few sessions, says Nagaraj Shetti of HDFC Securities.

Trade Setup for Thursday: Top 15 things to know before Opening Bell

Wednesday's attempt to move above the key overhead resistance could be another indication to raise doubt on the sharp negative implication post Bearish Engulfing pattern of daily and weekly chart, says Nagaraj Shetti of HDFC Securities.

Trade Setup for Wednesday: Top 15 things to know before Opening Bell

A sustainable move above 11,600 could have further positive impact on the market, says Nagaraj Shetti of HDFC Securities.

Trade Setup for Tuesday: Top 15 things to know before Opening Bell

According to pivot charts, the key support levels for the Nifty are placed at 11,359.37, followed by 11,278.73

Trade Setup for Friday: Top 15 things to know before Opening Bell

Ajit Mishra of Religare Broking advises traders to prefer stocks that are participating in the move rather than betting on underperforming counters in anticipation of a rebound.

Trade Setup for Thursday: Top 15 things to know before Opening Bell

Momentum indicators are negatively tilted and hence recovery is also expected to be gradual, Sahaj Agrawal of Kotak Securities said.

Trade Setup for Tuesday: Top 15 things to know before Opening Bell

Ajit Mishra, VP - Research at Religare Broking, advises traders to exercise "extra caution and active position management" and hedge their bets

Trade Setup for Monday: Top 15 things to know before Opening Bell

Nirali Shah of Samco Securities advised traders to lighten their long positions in the market and maintain a negative outlook with a sell on rally strategy.

Trade Setup for Friday: Top 15 things to know before Opening Bell

"We are seeing selective sectors and stocks doing well, so traders should spend more time on their stock selection process," Ajit Mishra, VP - Research at Religare Broking, said

Trade Setup for Thursday: Top 15 things to know before Opening Bell

One needs to be cautious about long positions above 11,600 levels, according to Nagaraj Shetti of HDFC Securities.

Trade Setup for Wednesday: Top 15 things to know before Opening Bell

Put writing was seen at 11,000 strike, which added 2.21 lakh contracts, followed by 11,300 strike, which added 1.35 lakh contracts and 11,200 strike which added 99,675 contracts.

Trade Setup for Tuesday: Top 15 things to know before Opening Bell

Call writing was seen at 11,700, which added 2.03 lakh contracts, followed by 11,500, which added 1.91 lakh contracts, and 11,600 strikes, which added 1.08 lakh contracts

Trade Setup for Monday: Top 15 things to know before Opening Bell

Siddhartha Khemka of Motilal Oswal feels intermittent profit booking should not be ruled out.

Trade Setup for Thursday: Top 15 things to know before Opening Bell

Key support level for the Nifty is placed at 11,487, followed by 11,424.4. If the index moves up, the key resistance levels to watch out for are 11,587 and 11,624.4.

Trade Setup for Wednesday: Top 15 things to know before Opening Bell

Key support level for the Nifty is placed at 11,421.7, followed by 11,371.2. If the index moves up, the key resistance levels to watch out for are 11,524.3 and 11,576.4.

Trade Setup for Tuesday: Top 14 things to know before Opening Bell

Key support level for the Nifty is placed at 11,419.07, followed by 11,371.63. If the index moves up, the key resistance levels to watch out for are 11,505.57 and 11,544.63.

Trade Setup for Monday: Top 15 things to know before Opening Bell

Maximum Put open interest of 36.61 lakh contracts was seen at Nifty 11,000 strike, which will act as crucial support in the August series.

Trade Setup for Friday: Top 15 things to know before Opening Bell

Shrikant Chouhan of Kotak Securities said the strategy should be to buy on dips.

Trade Setup for Thursday: Top 15 things to know before Opening Bell

Ajit Mishra of Religare Broking feels the decisiveness is still missing and suggests traders to place their bets wisely