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Niftyanalysis

NIFTY Intraday Trade Setup For 17 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 17 Oct 2023 Bullish-Above 19810 Invalid-Below 19760 T- 19915 20030 Bearish-Below 19690 Invalid-Above 19740 T- 19605 19515 NIFTY has closed almost on a flat note with a minor cut of 0.1% today. It opened flat and triggered sell which hit sl. Momentum was sideways throught the day. It has formed an inside candle in daily TF at a random place so its a sign of sideways. It looks that sideways momentum is likely to continue for few sessions. Tomorrow 19810 and 19690 are key levels to look for breakout. Be very strict with trailing in this sideways market. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19810 then we will long for the target of 19915 and 20030. For selling we need a 15 min candle close below 19690. T- 19605 and 19515. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
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NIFTY Intraday Trade Setup For 16 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 16 Oct 2023 Bullish-Above 19810 Invalid-Below 19760 T- 19910 20030 Bearish-Below 19725 Invalid-Above 19775 T- 19635 19530 NIFTY has closed on a slight bullish note with 0.5% gain last week. 19850 is the hourly resistance, breakout will initiate another long leg of rally while we picked it from 19500 last week with 0.5% retracement. Important hourly levels to be watched for breakout are 19850 in the upside and 19630 in the downside. 19420 and 20030 are important support and resistance. High probability trade looks in the upside on Friday's closing basis. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19810 then we will long for the target of 19910 and 20030. For selling we need a 15 Min candle close below 19725. T- 19635 and 19530. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
Nifty future chart analysis for 12.10.202319893 strong resistance if price takes resistance here you may see another sideways. crossing above 19893 will provide price a strong upward movementand it may easily reach 19957 and may retest or cross pass 20k. 19815 (Strong Support if takes support here go long and follow levels) below 19815 it may little week , but 19765 is another strong support you may short below 19815 (Chance of false breakout is high) but you can long from 19765 if it takes support.
NSE:NIFTY1!
by stoxway
NIFTY Intraday Trade Setup For 10 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 10 Oct 2023 Bullish-Above 19590 Invalid-Below 19540 T- 19693 19800 Bearish-Below 19480 Invalid-Above 19530 T-19368 19270 NIFTY has closed on a bearish note with 0.72% cut , it was contributed by the Mid East issue. In the weekend itself we expected a down move as per 0.382 in hourly TF 0.85% effect in 15 Min TF. 19500 was projected as a strong support. Today 19500 was respected and it bounced till 19588 vigorously. Later it just consolidated between 10 o'clock range and it was untouched. Tomorrow we will be neutral and take action on 19590 and 19480 breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19590 then we will long for the target of 19693 and 19800. For selling we need a 15 min candle close below 19480. T- 19368 and 19270. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 09 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 09 Oct 2023 Bullish-Above 19680 Invalid-Below 19630 T- 19800 19901 Bearish-Below 19600 Invalid-Above 19650 T- 19500 19420 NIFTY has closed on a an absolute flat note this week, just like previous one. It has formed a pinbar candle in weekly TF indicating a bullish momentum. For me this will be confirmed when we get a Bullish price structure in daily TF which will be updated here. Now if you observe since 22 Sep high it is following one pattern which is 0.85% retracement and then a fall. On Friday it has tested the same level so as per current behaviour we can expect a drop with a confluence of volume profile, initially 50% will be an ideal pullback from bottom. Incase if we break 19680 then this behaviour/pattern will be void. 19800 and 19500 are going to be intraday resistance and support for the next session. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19680 then we will long for the target of 19800 and 19900 zone. For selling we need a 15 min candle close below 19600. T- 19500 and 19420. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 09 Oct 2023 || Weekly OutlookNIFTY Intraday Trade Setup For 09 Oct 2023 Bullish-Above 19680 Invalid-Below 19630 T- 19800 19901 Bearish-Below 19600 Invalid-Above 19650 T- 19500 19420 NIFTY has closed on a an absolute flat note this week, just like previous one. It has formed a pinbar candle in weekly TF indicating a bullish momentum. For me this will be confirmed when we get a Bullish price structure in daily TF which will be updated here. Now if you observe since 22 Sep high it is following one pattern which is 0.85% retracement and then a fall. On Friday it has tested the same level so as per current behaviour we can expect a drop with a confluence of volume profile, initially 50% will be an ideal pullback from bottom. Incase if we break 19680 then this behaviour/pattern will be void. 19800 and 19500 are going to be intraday resistance and support for the next session. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19680 then we will long for the target of 19800 and 19900 zone. For selling we need a 15 min candle close below 19600. T- 19500 and 19420. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 06 Oct 2023 | Daily AnalysisNIFTY Intraday Trade Setup For 06 Oct 2023 Bullish-Above 19580 Invalid-Below 19530 T- 19685 19800 Bearish-Below 19515 Invalid-Above 19565 T- 19427 19335 NIFTY has closed on a positive note with 0.56% gain today although it is contributed by gap up. It opened with a big gap up and just went in range of 90 points for the whole day. As per trade setup 10 o'clock range was to be used and the range broke downside below 19508 which hit a sl of 25 points. Then range broke upside ended at cost. Tomorrow 19580 and 19515 are important levels to look for breakout in 15 Min TF. 19427 is going to be a gap support tomorrow. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19580 then we will long for the target of 19685 and 19800. For selling we need a 15 Min candle close below 19515. T- 19427 and 19335. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 05 Oct 2023 | Daily AnalysisNIFTY Intraday Trade Setup For 05 Oct 2023 Bullish-Above 19460 Invalid-Below 19410 T- 19585 19695 Bearish-Below 19330 Invalid-Above 19380 T- 19220 19105 NIFTY has closed with negative cut of 0.47% today but ended the day on a bullish note as it closed near day high. It opened with a big gap down today and 10 o'clock range was to be used as per trade setup. Range broke downside below 19375 and last swing high was 19408. It gave 40 points gain with 35 points risk. Tomorrow on a flat opening above today's high it can give a good bullish move to fill the gap initially and more. Below 19330 once again bearish sentiment will be on. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19460 then we will long for the target of 19585 and and 19695. For selling we need a 15 Min candle close below 19330. T- 19220 and 19105. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 04 Oct 2023 | Daily AnalysisNIFTY Intraday Trade Setup For 04 Oct 2023 Bullish-Above 19570 Invalid-Below 19520 T- 19675 19770 Bearish-Below 19470 Invalid-Above 19520 T- 19385 19290 NIFTY has closed on a bearish note with 0.56% cut today. It opened flat and sell triggered as per trade setup but the 1st one Min candle itself was very big which made our short trade RR unfavourable. After the 1st 15 Min candle overall it just consolidated. 10 o'clock range was also intact. Tomorrow below day today's day low there can be a good down move, best suitable after flat opening. For buying it need to sustain above 19570 also we will consider in the 2nd attempt breakout. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19570 then we will long for the target of 19675 and 19770. For selling we need a 15 min candle close below 19475. T- 19385 and 19290. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 03 Oct 2023NIFTY Intraday Trade Setup For 03 Oct 2023 Bullish-Above 19730 Invalid-Below 19680 T- 19830 19930 Bearish-Below 19615 Invalid-Above 19665 T- 19540 19450 NIFTY has closed almost on a flat note last week with a minor cut, overall consolidated. A sideways momentum is common after a parabolic move which was discussed last week itself. Now we can expect directional move on break of the consolidated zone. 19490 is the key level for a downside move. 28 Sep high is very important for a bullish trigger as its was a major seller's candle. So 19490 and 19800 is the range to look for breakout for the next directional move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19730 then we will long for the target of 19830 and 19930. For selling we need a 15 Min candle close below 19615. T- 19540 and 19450 below 19530. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 29 Sep 2023NIFTY Intraday Trade Setup For 29 Sep 2023 Sell_1- From 19660 Invalid-Above 19710 T- 19575 19500 Sell_2-Below 19490 Invalid-Above 19540 T- 19395 19300 NIFTY has closed on a complete bearish note with 0.98 % cut. Sell triggered as per trade setup below 19660 and what a day it was. It gave a non-stop move till 19493, giving us more than 160 points gain. Tomorrow once again bearish sentiment likely to continue below today's low. In case of a gap up 19660 zone will be a good place to short. Bullish view only incase 10 o'clock range suggests. Today's high is very important in hourly TF. No bullish/reversal view till this is safe. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 19490 then we will long for the target of 19395 and 19300. In case of a gap up, we will short from 19660 zone. T- 19575 and 19500. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 28 Sep 2023NIFTY Intraday Trade Setup For 28 Sep 2023 Buy-Above 19735 Invalid-Below 19685 T- 19840 19930 Bearish-Below 19660 Bearish-Above 19710 T- 19560 19420 NIFTY has closed on a slight bullish note with 0.26% today. The weekly support discussed in the weekend outlook was 19550-19600. Today it tested 19550 and a sharp recovery was seen till 19730. Now it is ready for a pullback bounce till 20k zone. Now 19550 is the gateway for the next round of selling, a very strong support in daily TF. Tomorrow on a flat opening above today's high it will be once again bullish. 19660 is 0.382 , a strong support zone. Below this there can be a selling pressure. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19735 then we will long for the target of 19840 and 19930. For selling we need a 15 Min candle close below 19660. T- 19560 and 19420 below 19550. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto