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Niftyanalyis

Morning Mantra, 22nd September 2022Greetings of the Day! Indeed with a positive opening yesterday, Nifty did take a good attempt in the early hours. However, not being able to continue so, the Market showed a selling pressure from the early hours itself. Thereby, proving the effectiveness of the shooting star pattern, just as it was stated yesterday. As Nifty showed a decline of approx 98 points on closing basis. Well as of now, we are expecting to witness a bounce back in Nifty. Where if the Index manages to sustain above the level of 17800 in the first hour today, then we can witness a positive uprise in the levels. Until then continue being stock specific. Happy Trading! Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17718.35 (-97.90) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 13 Apr 2022NIFTY Intraday Trade Setup For 13 Apr 2022 Buy-Above 17600 Sl-17550 T-17680 17740 17800 Sell-Below 17440 Sl-17490 T-17390 17325 NIFTY has closed 0.8% in red. It was a broader range bound session with huge volatility. Index broke our sell level 17600 and fell till our target PRZ area 17450 and revered totally from there. Our sell target was achieved. Also index has made a broader range in today's market. 17600 and 17400. Now this range breakout will give another good move either side. Coming to tomorrow's expiry trade setup, we will buy if we get a 15 candle close above 17600. 1st target will be 17650-17680, second 17740. final target will be near 17800.Best trade will be on flat opening. For selling , we need a 15 Min candle close below 17440. Target will be near 17325. in case we open gap down and a bullish reversal candle is formed near 17400-17428 then above that candle we will long with same candle low as sl. In case of a gap down/up, wait till 10 o'clock and mark the high and low of the trading range till 10 o'clock. Trade on range breakout. Important level to watch Above 17600 Below 17400
NSE:NIFTY
by Omahto
2
NIFTY Intraday Trade Setup For 12 Jan 2022NIFTY Intraday Trade Setup For 12 Jan 2022 Buy-Above 18100 Sl-18050 T-17150 18200 Sell-Below 18000 Sl-18040 T-17950 17900 NIFTY as discussed yesterday that if index opens flat and takes support from 17980 then we will buy for 18070, target was achieved. Coming to tomorrow's trade we will once again buy above today's high. Safe trade would be after 10 o' clock. 18200 is going to be tested soon, as per current sentiment. For short we need price action below 17900. But we are planning to short below 18000, this is a bit aggressive.
NSE:NIFTY
by Omahto
Nifty Intraday Trade Setup | 23rd November 2021Nifty opened with a gap-up near our Buying level 17800 and we saw sharp selling at open due to Reliance Aramco news and Nifty broke its important support zone 17600. Trades we took Today: > Bought Nifty 17700 PE at 135 which made a high above 300 and Traders booked great profit in this Trade > Bought Nifty 17600 CE at 165 which we booked with 15 points loss > Bought Nifty 17550 PE at 180 which made a high above 290 and Traders booked great profit in this Trade Overall Great Day for Nifty Option Buyers. Tomorrow, we can see an upmove if Nifty sustains above 17520. Expectations for Tomorrow: Range-bound day. Intraday Levels: Buy Above - 17520 Sell Below - 17370 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:NIFTY
by InvestPro_India
Nifty 50 View For The Budget Week!During the last few days I have been hearing a lot of noise from various sources that after the budget the market will crash badly and nifty 50 will break the 14000 levels and correct itself until 12000 levels. However, I have a totally opposite view and a perception towards the market post budget. I think that the rally which came from the 7000 levels, its top has not been made yet and I feel that post budget nifty will again test its ATH and move further ahead. My analysis has been briefly explained below:- 1) Budget view- I am expecting a very decent budget. Nothing too extraordinary nor anything to worry about! 2) Now coming to the main analysis, tomorrow (ie. 27-01-2021, Wednesday) if the Tuesday's low is broken out then it is highly probable that Nifty may test 14000 levels within 1-2 days max. 3) 14000 being a very major support level for nifty, and if we see that after testing the 14000 levels nifty starts taking support over there and does not breakdown further, this will be the first bullish sign of the upcoming rally we may witness post budget. Also, we can clearly see on the chart that the 50% correction fibo level for the rally which came from the 13150 levels for nifty 50 comes out to be around 14000. 4) After taking support at 14000 levels till Thursday, nifty may move towards the range of 14360-14500 which is a major confusion zone (marked on chart) for both bulls as well as bears and none of them will create any big positions for the budget on Friday if nifty closes within this range on Friday. This will give us further confirmation for our bullish view. 5) And finally after the budget we can expect a good rally of about 500-700 points in nifty 50 provided all of the above mentioned things happen within this week. 6) I will be creating my positions based on the above analysis. I will create a few bullish positions when nifty starts taking support at 14000 and then later on Friday I may add on to my positions if nifty closes between the confusion zone. P.S. This is just my view and please consult your financial advisor before taking any positions. Also, do share your views in the comments. Thanks Saurabh Sethi
NSE:NIFTYLong
by SaurabhSethi
6
Nifty 50 Intraday Trade Setup for 12th October 2020Good Morning friends, Nifty is damn bullish and given an awesome run in upside move since 2 weeks. Momentum and direction both are strong in upside and Index can make a new all-time high in midterm but the Problem is we are the Intraday trader and buy or sell both are our position because of the nature of the Trade so let's talk about today trade. The main question is Does the nifty bullish run will be continued or will see a profit-booking in today's trading session. let's talk about the key factor first. Key Factors ============ 1-The RBI in an affidavit, filed before Supreme Court in the loan moratorium case, said that it would not be possible to give more time as a relief for sectors hit by the coronavirus pandemic. RBI said a long moratorium exceeding six months can impact the credit behavior of borrowers and increase the risks of delinquencies post resumption of scheduled payments. It may result in vitiating the overall credit discipline which will have a debilitating impact on the process of credit creation in the economy. 2-The Directorate General of GST Intelligence's Gurugram Zonal Unit has arrested a Delhi resident on charges of setting up and operating fictitious firms on forged documents and passing fake ITC totaling Rs 190 crore through issuance of invoices without actual receipt or supply of goods and services. 3-China has amassed more than 60,000 troops on India's northern border, US Secretary of State has said as he hit out at Beijing for its "bad behavior" and the threats it poses to the Quad countries. 4-The finance ministry said taxpayers are required to report in the annual GST return of 2018-19 only the values of transactions pertaining to that financial year. 5-The issue price for the sovereign gold bond has been fixed at Rs 5,051 per gram of gold . The Scheme 2020-21 Series VII will be opened for subscription from October 12 to October 16. 6-RBI has decided to make the RTGS system available round the clock on all days from Dec. 7-India registered over 60,262 new Covid-19 cases, taking the tally to 6,964,074 and the death toll reached 107,142 8-The country's foreign exchange reserves reach a life-time high of $545.638 billion in the week ended October 2, 2020. 9-The monetary policy committee unanimously decided to keep policy rates unchanged in the bi-monthly policy meets for October, while the RBI said the worst was possibly over for the economy and the focus must now “shift from containment to revival. 10-The tax collection remains muted. Direct tax, net of refunds, contracted by 24 % as of Oct 8 to Rs 3.66 trillion compared with Rs 4.8 trillion in the corresponding period last year. Global Market ====================== 1-US30 aks DOW still steady and bullish in the short and mid-term. The index is trading on 28620 which is only 40 points low from the previous closing. Overall us market sentiment is still bullish . 2-European stocks posted a second consecutive week of gains on Friday as bumper forecasts from Denmark's Pandora and Novo Nordisk set a brighter tone for the earnings season, while investors kept an eye out for signs of fresh U.S. stimulus. The STOXX 600 index ended up 0.6%to close the week with a gain of 2.1% 3- Asian Market has a mixed view. Intraday Trade Setup =========================== Long: Intraday always tricky and has very little room. Long can build if Friday high break which is 11940. Stop-loss should be 11900 and Target is Open. Short: As you can see the stairs which were used by nifty for to entire run since 25th September. These lines are so Important if you talk about short Positions. These are also Intraday and short-term support so consider short only if any support breaks in Intraday. Today Important Level for short is 11850, sl should be 11900 and Target is Open. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
3