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Niftyanalysis

Morning Mantra - 7th of August 2023Dear All, The previous week was in a way quite terrific for us, as Nifty had somehow touched all of its important levels in a week itself, i.e. from 19800-19550-19300 approx. Now, as per the current situation, Nifty has somehow taken a beautiful support at our earlier stated support level of 19300. Which is why, we are still quite optimistic for the psychological figure of 20000 once again, in the upcoming days, with a major resistance of 19800 as of now. Furthermore, before 19800, we have to wait for the level of 19550 on closing basis, for at least 2 consecutive days, in order to get a clear cut indication regarding a further upside. Meanwhile, we have to stay a little cautious with the stop loss of 19300 in the upcoming days. Overall, it is better to be stock specific and to keep rebalancing your portfolio for now, since the Result Season is going on. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 07 Aug 2023NIFTY Intraday Trade Setup For 07 Aug 2023 Bullish-Above 19540 Invalid-Below 19490 T- 19640 19751 Bearish-Below 19450 Invalid-Above 19501 T- 19345 19250 NIFTY has closed on slight bearish note with 0.66% cut last week. Swing sell has been triggered below 19560 and last swing high is 19800 (sl). It gave almost 1:1 gain but projected target is near 18750 zone. If it sustains above our cost price then we will exit with NPNL and may plan our entry again. Above 19540 it can show bullish momentum in intraday only thing is that we have to be alert in trailing with 5 MIN swing lows and alert on reversal sign. Below 19450 it will have a good bearish stance. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19540 then we will long for the target of 19640 and 19751. For selling we need a 15 Min candle close below 19450. T- 19345 and 19250. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Morning Mantra - 4th August 2023Dear All, Yesterday we had seen the effect of the crucial support level of 19550. Where below this level, Nifty took a sharp dip towards our previous support level of 19300, and from 19300 we had also observe a sharp recovery of around 100 points in Nifty, yesterday itself. Finally yesterday we did somehow witness a major impact of the shooting star formation, which was observed on a weekly chart of Nifty. So, with Nifty’s pull back around our support level, the range of 19550-19300 now becomes activated. Therefore, be cautious today and keep following the Cherry Picking strategy , for now. Moreover, if you had already been Rebalancing your Portfolio, then this is an ideal time to infuse back the capital, little by little. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 04 Aug 2023NIFTY Intraday Trade Setup For 04 Aug 2023 Sell_1-From 19451 Sl-19501 T- 19373 19300 Sell_2- Below 19290 Sl-19340 T- 19179 19065 NIFTY has closed on a bearish note once again with 0.74% cut. After our sell triggered below 19560 it is going in flow. Sell triggered as per trade setup below 19420 and hit our 1st target 19300 in flow. Bearish sentiment likely to continue below today's low and this is the high probability trade in tomorrow's session. Only thing is that only if 10 o'clock range breaks upside by making a morning star in 15 TF then we have to stop and reverse our position. Incase of a gap up we will short from 19450 with 5 min candle's low as entry point. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 19290 then we will short for the target of 19179 and 19065. Incase of a gap up we will short from 19450 with 5 Min candle's low as trigger. T- 19373 and 19300. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Morning Mantra - 3rd August 2023Dear All, So Finally we had witnessed a breakdown of 19550 in Nifty. But, since it is a very minute closing of below 19550, therefore we have to wait for 1 more day for Nifty to decide its move. Furthermore, on observing a hammer formation on the Day chart of Nifty, we are now expecting to witness a little selling pressure in the first half and then a little positive momentum in the later half, Today . Apart from all this, it is better to keep patience for another day and let Nifty decide its next move. In the meanwhile, we hope that you had already booked profits , as we have been repeatedly suggesting about Rebalancing your Portfolio. Also, it is a good time to keep following the Cherry Picking strategy, however, avoid going for over exposure. Keep Investing! Keep Trading! Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Nifty Trade Analysis. what to expect from here . (BUY or Sell)Hey Everyone , In this Post I would we will Talk about Nifty. As you can Already see Nifty is in Overall Uptrend in Daily Time Frame. But please consider short term time frame as well if you are Day Trader or Scalper. in Shorter Term timeframe Nifty is in Downtrend . If you are Trend Following Trader then You would definitely looking for buy . But don't buy at this Level. Look out for crucial support where you will buy to ride the Trend . According to me 19310 is the level where you'll accumulate your position. If you are Day Trader then 19632 is the Resistance Level for you Guys and trade within these Level Accordingly. *If Nifty wants to continue it's rally then a Nice correction Indeed required. Disclaimer : Trades and views for Education Purpose only. Consult your finance advisor before taking any Decision.
NSE:NIFTY
by Notorious_Trader
NIFTY Intraday Trade Setup For 03 Aug 2023NIFTY Intraday Trade Setup For 03 Aug 2023 Bullish-Above 19560 Invalid-Below 19510 T- 19681 19775 Bearish-Below 19420 Invalid-Above 19470 T- 19300 19187 NIFTY has closed on a bearish note with more than 1% cut today. It opened with a big gap down today below our sell level. As per trade trade setup 10 o'clock range was to be used as per our setup. 10 o'clock range broke downside below 19615 and risk was 25 points as the last swing low was 19639. It gave a trendy move till 19425. No pullbacks were in between. In the weekend we discussed that index is likely to give a pullback in daily TF. It has been activated below 19560 today. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19560 then we will long for the target of 19681 and 19775. For selling we need a 15 Min candle close below 19420. T- 19300 and 19187. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
2
Morning Mantra - 2nd August 2023Dear All, It was indeed quite a choppy day yesterday. Where somehow the unfortunate thing is that it has been for back to back 2 days that Nifty is failing to cross over the level of 19800. Although, on the other hand, Nifty is currently above 19550 and just as we had stated earlier, it seems that Nifty is creating a platform for another new high. So, once again with the stop loss of 19550, keep rebalancing your portfolio and keep following the Cherry Picking Strategy for now for the magical and psychological figure of 20000. Happy Trading! Keep Investing! Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 02 Aug 2023NIFTY Intraday Trade Setup For 02 Aug 2023 Bullish-Above 19770 Invalid-Below 19720 T-19841 19935 Bearish-Below 19700 Invalid-Above 19750 T- 19630 19555 NIFTY has closed almost on a flat note with minor cut of 0.1% today. Yesterday we planned that if we get a rejection from PDH and then if buy triggers then a good bullish momentum can be expected. It gave a negligible rejection that is why bullish trade did not go in favour. We have a very tight range for tomorrow. 19770 and 19700 are key levels for tomorrow's session. We have to be neutral and let market decide which side it is ready. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19770 then we will long for the target of 19841-51 and 19935. For selling we need a 15 Min candle close below 19700. T- 19630 and 19555. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Morning Mantra - 1st August 2023Dear All, Just as we had stated yesterday that after observing the formation of a Doji pattern on the Day chart, we are expecting a bounce back in Nifty. Likewise, we did experience the same yesterday itself. Another positive factor here is that we can now observe the formation of a Hammer pattern on the chart of Nifty. So it is somehow indicating a further uprise in the Market, which altogether is being expected to be witnessed today itself. So, once again we are with our words that above 19800 , we will be ready for our psychological figure of 20000. Furthermore, in the meanwhile with the stop loss of 19550, continue Rebalancing your Portfolio and keep following the Cherry Picking Strategy for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 01 Aug 2023NIFTY Intraday Trade Setup For 01 Aug 2023 Bullish-Above 19775 Invalid-Below 19725 T- 19855 19935 Bearish-Below 19670 Invalid-Above 19720 T- 19565 19470 NIFTY has closed on a bullish note with 0.55% gain today. In the weekend we discussed that 19560 is an important weekly level below which a short would open for 18750 zone. But before that it formed a Pin bar candle in daily TF on Friday and expected bullish momentum above 19670, so has happened. Buy triggered as per trade setup above 19670 and hit our 1st target very smoothly. Trade gave around 100 points (19670-19772). After a small pullback from today's high if it gives a breakout then bullish momentum likely to continue. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19775 then we will long for the target of 19855 and 19935. For selling we need a 15 min candle close below 19670. T- 19565 and 19470. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
1
Morning Mantra - 31st July 2023Dear All, Just as we had stated in the last week , about witnessing a supply pressure in Nifty as a result of observing a Shooting Star formation on the weekly chart. Likewise, the same was observed in the previous week itself. Now for this week, as per the Day chart setup, we can observe a Doji formation on the chart. Which altogether indicates that in a very short term, we can get to witness a little bounce back in Nifty. However, on the other hand, as per the Weekly chart, there’s still an indication of a little supply pressure . Although we had already stated about the necessity of witnessing either a breakout of 19800 or breakout of 19550 in Nifty. So, according to that Nifty took a beautiful support just around our stated level of 19550, as it made a low of 19563 on the last Friday. Therefore, on this positive note we are still with our words that the overall market sentiments still seem to be positive. So, with the stop loss of 19550, continue rebalancing your portfolio and keep following the Cherry picking strategy, for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 31 Jul 2023NIFTY Intraday Trade Setup For 31 Jul 2023 Bullish-Above 19670 Invalid-Below 19620 T- 19755 19845 Bearish-Below 19560 Invalid-Above 19610 T-19470 19380 NIFTY has taken a pause in the bull run after hitting psychological zone of 20k which was also our buy target which we bought from 18460 for swing. A pullback is very logical after an impulse. This pullback/down move will be initiated below 19560,level is this and last week's low. It can test 18750 zone in this case. However I feel that we have to eat this in pieces. It has formed a Pin bar candle on last session. So on a flat opening we can expect some bullish moment above 19670 tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19670 then we will long for the target of 19755 and 19845. For selling we need a 15 Min candle close below 19560. T- 19470 and 19380. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto