Intraday Trading Solution👍
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Facing resistance close around 360-370 wait for breakout above 382 Again
BUY SENSEX AUG 78300 PE
ABOVE 381 TRG 400/430/470
Wait for breakout above level cmp
BUY SENSEX AUG 78300 PE
ABOVE 431 TRG 450/470/500
Wait for breakout above level cmp
📊 LIVE INTRADAY MARKET
🌍 TODAY’S BIG CATALYST
Crude has dropped sharply, with Brent around $86.3, after renewed Iran Oman discussions raised hopes around the Strait of Hormuz. This is currently a positive macro trigger for Indian equities.
Yesterday’s market also showed strong recovery buying into the close, with Nifty gaining 0.48% and Sensex 0.37%.
⸻
🔥 NIFTY 50 INTRADAY SETUP
🟢 BIAS: BULLISH ABOVE 24,300
Immediate resistance:
🎯 24,400 → 24,450
If Nifty sustains above 24,400, momentum can accelerate toward:
➡️ 24,500
➡️ 24,550
🔴 SUPPORT
24,300 is the immediate decision level.
Below 24,300, watch:
➡️ 24,250
➡️ 24,200
🚀 LONG SETUP
BUY ABOVE 24,400
🎯 24,450
🎯 24,500
🎯 24,550
🛑 SL: 24,350
🔻 SHORT SETUP
SELL BELOW 24,290
🎯 24,250
🎯 24,210
🎯 24,170
🛑 SL: 24,335
⚠️ Don’t chase a large opening candle. Let the first 5 to 10 minutes establish the range.
⸻
🏦 BANK NIFTY INTRADAY
🟡 BIAS: NEUTRAL → BULLISH ABOVE 57,650
Bank Nifty closed around 57,514, with yesterday’s range roughly 57,231 to 57,654.
🔥 57,650 is the key breakout level.
🚀 BUY SETUP
BUY ABOVE 57,650
🎯 57,750
🎯 57,850
🎯 58,000
🛑 SL: 57,560
🔻 SELL SETUP
SELL BELOW 57,300
🎯 57,200
🎯 57,100
🎯 57,000
🛑 SL: 57,390
⚠️ Between 57,300 and 57,650 = NO TRADE ZONE unless you get a very clean intraday setup.
Bank Nifty’s technical picture is mixed, with RSI near neutral and ADX indicating a weak trend, so breakout confirmation is particularly important today.
⸻
🟠 SENSEX INTRADAY
🟢 BIAS: BULLISH ABOVE 77,900
Key levels:
🔥 77,900 = immediate pivot
🚀 Above 78,050
🎯 78,200
🎯 78,350
🎯 78,500
🔻 Below 77,750
🎯 77,600
🎯 77,450
🎯 77,300
⸻
🧠 MY REFINED INTRADAY VIEW
🟢 NIFTY
BULLISH ABOVE 24,400 🚀
BEARISH BELOW 24,290 🔻
🏦 BANK NIFTY
BULLISH ABOVE 57,650 🚀
BEARISH BELOW 57,300 🔻
🟠 SENSEX
BULLISH ABOVE 78,050 🚀
BEARISH BELOW 77,750 🔻
⚡ TODAY’S STRATEGY
The biggest mistake today would be entering in the middle of the range.
Wait for:
BREAKOUT → RETEST → CONFIRMATION → ENTRY ✅
rather than:
BREAKOUT → FOMO → ENTRY → REVERSAL ❌😂
The falling crude backdrop is supportive, but geopolitical developments can reverse sentiment quickly.
🎯 BEST LEVELS TO WATCH
🔥 NIFTY 24,400
🔥 BANK NIFTY 57,650
🔥 SENSEX 78,050
🔥 TOP STOCKS TO WATCH TODAY
1. 🥇 WELSPUN CORP
Reported potential block deal of ~₹1,417 Cr
Floor price reportedly ₹2,250
This can create very high volatility at the open
⚠️ Avoid chasing the first spike. Watch whether ₹2,250 acts as support/resistance.
1. 🥈 HEG
Demerger effective date: Sept 1
Record date: Sept 7
This is a major corporate event and can attract positional as well as short term traders.
🔥 Watch for volume expansion and breakout around today’s opening range.
1. 🥉 VARUN BEVERAGES
Board approved entry into ready to drink alcoholic beverages
New subsidiary: Kiva Spirits and Company
Former Diageo executive Prathmesh Mishra appointed CEO
Previous close: ₹438
5 day range: roughly ₹423 to ₹438
📈 A sustained move above ₹438 with volume would be the important bullish trigger.
1. ⚡ GROWW
Ribbit Capital reportedly looking to sell ~1.6% stake
Potential block deal means volatility can be elevated.
⚠️ Watch the opening price and volume rather than blindly buying the news.
1. 🚗 TATA MOTORS PV
Collaboration with Tata Communications for the new Sierra.ev
5G connectivity and software defined vehicle angle.
Positive thematic development, but for intraday trading I would prioritize price action + volume over the headline.
🟢 SECONDARY WATCHLIST
HINDUSTAN COPPER 🟠
OFS retail portion opens today after institutional investors subscribed 3.41×. Expect significant volume and volatility.
IOCL / BPCL / HPCL ⛽
Brent around $86.80 and WTI around $80.87 according to the article. Lower crude is generally supportive for OMC margins.
ADVait ENERGY ⚡
Won an ERS turnkey contract for EHV transmission lines. Watch for volume based breakout.
ZEEL 📺
SAT extension related to the preferential warrant fundraise. Event driven.
IDFC FIRST BANK 🏦
Priced a $350M five year senior notes issue at 5.80%.
CIPLA 💊 ⚠️
USFDA follow up inspection resulted in 7 Form 483 observations. This deserves caution rather than an automatic bullish/bearish trade.
🌍 OVERALL MARKET SETUP
🟢 GIFT NIFTY: 24,560, approximately +0.32%
🛢️ Brent: ~$86.80, down ~2%
🇺🇸 Nasdaq: +0.66%
🇺🇸 S&P 500: +0.32%
🇯🇵 Nikkei: +0.30%
🇰🇷 Kospi: +0.77%
So the initial setup is mildly bullish, with lower crude providing support. However, Nvidia earnings + cautious Asian sentiment could make the session volatile.
🎯 MY PRIORITY ORDER
🔥 WELSPUN CORP
🔥 HEG
🔥 VARUN BEVERAGES
🔥 GROWW
⚡ TATA MOTORS PV
🟠 HINDUSTAN COPPER
⚡ ADVait ENERGY
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