What are the best timeframes to watch for intraday nifty trading?

also any trade setup for intra nifty trading???

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For NIFTY Intraday trading, i trade using 15mins and 1Hr time frames accompanied with the study of Daily and Weekly charts done before the market opens. I use these two intraday timeframe chart windows in Tiled format, so that the chart pattern formation in one complements the other visually thereby avoiding any premature trade exits.

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I trade only Nifty index in 30 mins timeframe.

  1. i use 3 and 15 MA crossover on that timeframe to scalp low profits.

  2. I trade breakouts and breakdowns on that timeframe.

  3. I trade wolfe wave patterns on that time frame.

You can do that all in other timeframes too and find yourself successful. The main reason i choose is i want to stick with one timeframe so that makes easy of tracking, analyse and quickly take buy/sell decisions. The other reason is this 30mins timeframe gives less whipsaw than 1 or 5 min timeframes.

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I believe less timeframe is always better. By using this we can take decision faster before ending with huge loss ā€¦

1. IĀ use 1 hour time frame for nifty trading, it gives the bestĀ informationsĀ of the market for intraday.

1 hour time frame is best to understand candlestick patterns with 20 days EMA