Index
Nifty 50 trade setup for tomorrowThe market is trading in the range and if the market has to go down or up it has broken that range.
If 30 minutes candle closes below the 16080 level we may further down movement in the market.
For prices to go up, the price has to break the trendline and also the previous high.
Target 1 achieved in Nifty Infra. Gain of 40% Target 2 is ON.This is follow-up on Nifty Infra. Can check link to related ideas.
Target 1 achieved. Gain of more than 40%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NIFTY at critical juncture - Breaking out of Strong ResistanceNifty has been in a correction for roughly 6 months and now it’s breaking out of the falling channel which coincidently intersects a Strong Resistance at the breakout point.
The significance of a Support & Resistance line increases when the price reverses at the same point multiple times.
This Resistance line on the chart is strengthened at multiple points during this correction (TouchPoints marked on the chart).
The cherry on the cake is that the breakout has not taken the price too far away from the resistance line. We may get a good risk/reward ratio if it sustains above the line.
If the price sustains above 17670, it will continue higher with the nearest resistance at 17800 which can act as a target in a smaller timeframe. The next target at 18350 on a higher timeframe.
The chart may actually form Doji’s or Spinning tops because the Resistance is too strong, and also it is the upper line of the falling channel.
Indicators are flashing green with strong RSI and MACD in positive territory.
One should wait for confirmation of breakout above 17670 before going long. If it fails to sustain above the resistance and forms a bearish candle, it can be a good trade opportunity for sellers.
Disclaimer:
This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor.
Sharing my analysis and thoughts for a stronger and healthier community. Cheers
Nifty reversing from resistance Nifty reversing from resistance on daily timeframe. Today in last 30 mint selling has seen on Index for both nifty and Banknifty and data turns bearish. sustaining below 17950 can show some weakness over nifty and Banknifty both. Refer tomorrow opening for better confirmation. NSE:NIFTY
Monthly Breakout in Nifty Media...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NIFTY METAL is ready to fly again after a Gain of 132%...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
This Index can't be directly traded but just use it as a reference for metal stocks. Just check what metal stocks did after breakout in Nifty Metal.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NIFTY - Russia Ukraine Index CrashRussia-Ukraine has created panic around world markets and almost all global indexes are seeing big fall in numbers. Nifty which was already bearish turned received heavy selling today as well and have breached an important support line of 16400. However there is one more ascending trend line support available at around 16000 level which has worked in past when index consolidated for more than 60 days. Range starting from 15500-16000 last time was area of major action when lot of tussle happened between bulls and bears and finally breakout happened for further fresh rally. If price continue to fall we can except some kind of support along trendline highlighted on chart.
Morning Mantra, 18th February 2022Good Morning!
Fortunately we did witness a closing of above 17300 for 3 consecutive days.
Moreover, we are now positive on the Market. Although there is still a need to stay cautious as of now. In addition to that, it is being expected that we can witness a sudden and a sharp rise in the upcoming days.
Also, continue staying Stock Specific.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 17th February 2022Good Morning!
Fortunately, even yesterday we witnessed a closing of above 17300 from Nifty. So, with one more day left to witness such a closing, let us hope for the best.
Stay cautious and keep your eyes on the index. Moreover, keep following the Cherry Picking strategy as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 16th February 2022Good Morning!
Just as it had been stated yesterday, similarly we did witness a beautiful bounce back in Nifty from the level of 16842. As also did we witness a closing of above 17300, yesterday itself.
Now, with staying cautious we are looking forward to a stable closing of above 17300 for 2 more days (i.e., Today and Tomorrow).
Also, keep up with the strategy of Cherry Picking, as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
nifty important lvls for monday 07/2/22I have market some important resistance and support in the market, my view is neutral but I would not trade big on the break down in fact I wont just trade on nifty because there are good supports just below it and can take the sl easily, where as on the upside break out I will be trading with few lots because its Monday and I usually don't trade in index on Monday, but i will try few lots as it shows good in charts. s1 is the major support in the market so I would consider wait and watch on the down side.
Morning Mantra, 1st February 2022 Good Morning!
It’s the Budget Day, Today and the expected range for the Market for the day will be 18350-16350, i.e., 1000 points up or down herefrom (17339). Therefore, high fluctuations in the Market can be witnessed, Today.
In addition to the above, it will be suggested to give yourself some time before reaching to any conclusion during the Budget session.
Stay Cautious!
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya