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Niftyanalysis

Morning Mantra - 28th July 2023Dear All, Just as we had stated yesterday, about our expectation of witnessing a selling pressure . Likewise the same was observed in the Market yesterday itself. Moreover, yesterday Nifty made a low of 19603, which was somehow very near to our stated support level of 19550 (with a difference of only 50 points approx). Furthermore, since today is the last trading of the week, therefore we have to be quite cautious. As once again, there’s a probability of witnessing some supply pressure in the Market. Last but not the least, as of now it will be very important for us to witness a closing of above 19550 in Nifty. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 28 Jul 2023NIFTY Intraday Trade Setup For 28 Jul 2023 Bullish-Above 19710 Invalid-Below 19660 T-19840 19935 Bearish-Below 19600 Invalid-Above19650 T- 19505 19413 NIFTY has closed on a bearish note with 0.6% cut today. Initially buy triggered as per trade setup which we avoided as it looks weak when it re-tested our buy level near 10 AM. Later 10 o'clock range broke downside below 19811 and gave a trendy move. Meanwhile sell also triggered as per trade setup below 19710 and hit our 1st target (19605) very smoothly. Incase of a gap up tomorrow first approach will be to sell below 1st 5Min candle low for gap filling target. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19710 then we will long for the target of 19840 and 19935. For selling we need a 15 min candle close below 19600. T- 19505 and 19413. 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
NIFTY Intraday Trade Setup For 27 Jul 2023NIFTY Intraday Trade Setup For 27 Jul 2023 Bullish-Above 19830 Invalid-Below 19780 T- 19935 20045 Bearish- Below 19710 Invalid-Above 19760 T- 19615 19515 NIFTY has closed on a bullish note with 0.5% gain today. Yesterday we discussed that index looks slight bullish by yesterday's closing. It played out very well. Buy triggered as per trade setup above 19710 and hit our 1st target (19825) which was half bat (0.5) PRZ. It acted as a killer resistance in today's market. If NIFTY sustains below 19750 then it will have bearish stance. Above 19830 it will give a breakout towards ATH. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19830 then we will long for the target of 19935 and 20045. For selling we need a 15 min candle close below 19710. T- 19615 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. Trade on this range breakout.
NSE:NIFTY
by Omahto
8
Morning Mantra - 27th July 2023Dear All, Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise the same was observed in the Market, yesterday itself. So as per the current scenario, Nifty somehow seems to be creating a platform in between the levels of 19800-19550. Therefore, in such a situation we have to be stock specific and have to keep rebalancing our portfolio. Moreover, since today is the day of weekly settlement, therefore we have also to be cautious for the day. In the meanwhile, with the stop loss of 19550 , we can continue following the Cherry Picking strategy for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 26 Jul 2023NIFTY Intraday Trade Setup For 26 Jul 2023 Bullish-Above 19710 Invalid-Below 19660 T- 19811 19915 Bearish-Below 19610 Invalid- Above 19660 T- 19515 19413 NIFTY has closed on an absolute flat note today. Nifty has been trading in a falling channel since last 3 sessions. Breakout of this would propel market to give a directional move. Breakout levels are 19710 in the upside and 19610 in the downside, has to sustain in 15 Min TF. We have to be neutral for both side. However it looks a bit ready for upside as per today's closing. Today sell triggered as per trade setup which hit 50 points sl. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19710 then we will long for the target of 19811 and 19915. For selling we need a 15 Min candle close below 19615. T- 19515 and 19413. 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
4
Morning Mantra - 26th July 2023Dear All, From back to back 2 days, we have been witnessing a supply pressure in Nifty. Where on the other hand, we have also been witnessing a stock specific momentum in the Market. Well on the day chart of Nifty, we can now observe a beautiful hammer formation . So, here we are expecting to witness a bounce back in Nifty, Today . Furthermore, it is being expected that as of now Nifty will continue to make a platform in between its range of 19800-19550. So, for now with the stop loss of 19550, continue Rebalancing your Portfolio and keep following the Cherry Picking Strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 25th July 2023Dear All, Just as we had stated yesterday about witnessing a supply pressure from the current levels as a result of the shooting star formation on the weekly chart of Nifty. Likewise the very same was observed in the Market yesterday itself. For now, the level of 19550 will remain to be the level of support for Nifty. With which, we can continue following the Cherry Picking strategy and Rebalancing of the Portfolio. Furthermore, now an either side movement of a fresh breakout of above 20000 or a breakdown of 19550 will decide the next move of Nifty. Till then, Keep Trading, Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 25 Jul 2023NIFTY Intraday Trade Setup For 25 Jul 2023 Buy-Above 19785 Sl-19735 T- 19915 20045 Sell-below 19655 Sl-19705 T- 19554 19430 NIFTY has closed on a slight bearish note with 0.37% cut today. It was a volatile session where all up moves were sold into. Last week our swing long target was hit and then today our TSL was also hit below 19700. It was said that bullish sentiment likely to change on TSL. And today it was sensed when all up moves were shorted. 19785 and 19655 are important levels for tomorrow's session. No bullishness till we make a higher high structure in hourly TF. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19785 then we will long for the target of 19915 and 20045. For selling we need a 15 Min candle close below 19655. T- 19554 and 19430. 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
5
Morning Mantra - 24th July 2023Dear All, Just as we had stated in our last Morning Mantra update on Friday, that since the Index had almost achieved its psychological target of 20000, therefore a little profit booking is expected to be witnessed at the current levels. Likewise, the very same was observed on Friday itself, since after showing a Gap Down opening, we got to see a substantial selling pressure in Nifty. Well, now we can observe the formation of a Shooting Star pattern on the weekly chart of Nifty. So, a little more supply pressure can be witnessed here from the current levels. Furthermore, the level of 19550 which earlier was a level of Resistance, will now work as a level of support for the Market. Besides, since the overall market sentiments is still positive with the stop loss of 19550 . Therefore, can keep following the Cherry picking strategy and can continue Rebalancing your Portfolio, as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 24 Jul 2023NIFTY Intraday Trade Setup For 24 Jul 2023 Buy-Above 19825 Sl-19775 T- 19935 20045 Sell-Below 19700 Sl-19750 T- 19554 19430 NIFTY has closed on a bearish note last Friday with more than 1% cut. It was said that our swing long position is 20k which was almost hit, so a profit booking was obvious. We longed from 18460 then above 18900 we opted PDL as TSL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. On Friday it closed below so below 19700 we will book full position in long. If our TSL is hit then chances of a sentiment change will be there which means there can be a profit booking. Also all previous week's low have been safe, break of that also may trigger profit booking. However we need a proper bearish structure in daily TF to consider this or else it will be still bullish to sideways. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19825 then we will long for the target of 19935 and 20045. For selling we need a 15 Min candle close below 19700. T- 18554 and 19430. 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 - 21st July 2023Dear All, Finally yesterday, Nifty had almost achieved its target level of 20000, as it was just missed by 10 points. As of now the concern is that we are on the top, so here once again cautiousness will be the important tool. Moreover, since today is the last trading day of the week, so it will be suggested to be stock specific and to keep rebalancing your portfolio. Furthermore, since the Market is now trading in a new territory, so it is somehow very difficult to predict the next move of Nifty. But since, the Index has almost reached its psychological target of 20000, therefore a little profit booking can be witnessed here at the current levels. So, be cautious. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 21 Jul 2023NIFTY Intraday Trade Setup For 21 Jul 2023 Buy-Above 19995 Sl-19945 T- 20076 20161 Sell-Below 19920 Sl-19970 T- 19805 19684 NIFTY has closed on a bullish note once again with 0.74% gain. It opened flat and then buy triggered as per trade setup above 19855 and hit 1st target very smoothly. Trade gave a good momentum from 19855 till 19990+. So our 1st target in swing long (from 18460) position is hit finally. We are close to psychological level of 20k. One can book some if sell triggers as per trade setup in intraday and book full when opted TSL is hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then enjoy the open sky momentum. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19995 then we will long. T- 20076 and 20161. For selling we need a 15 min candle close below 19920. T- 19805. Below 19800 post bounce T- 19684. 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
Nifty - What a Awesome BULL TrendHii all.. Greetings... Today was a awesome bull trend in nifty, many people missed it as they were bearish. But a simple pattern confirmed today a awesome bull trend. There were 2 Buying opportunity today, one was at the bottom of the trend and another after breaking the resistance. Thanking You Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis .
NSE:NIFTYLong
by NikhilChoudhary2023
Nifty Expiry day Special Analysis|Hero and Zero will be at 1:15Good Morning Traders, i hope you all will be doing good in your trading. Today is Nifty and BankNifty Expiry Day. So let's start. Nifty is forming a pattern which is quite similar to bullish flag pattern but that is not a bullish Flag pattern. Yes that is not exactly a bullish flag pattern. Let me explain about this:- There are some common misunderstandings of what constitutes a continuation flag pattern and what doesn’t. The only difference between these often misunderstood patterns is the angle at which the flag develops. Everything else looks the same, although the difference is critical. (Guy's i can't put that small chart here, which i created on chart, can you please just go and check that pattern on chart then come to read next)-- You’ll notice how the misunderstood ‘bull flag’ pattern formed in the direction of the trend, not against it. Although a minor difference, the significance is strong. See, these ‘flags’ are inconsistent in their outcome, though can quite often represent exhaustion of an existing trend. Note:-In order for this pattern to be considered bullish, we need the consolidation to slope AGAINST the momentum. Wrapping up:- Bull and bear flags come in all sorts of sizes and shapes, but the one thing that never changes is that the angle of the flag has to oppose the current trend in order to be considered tradable. As a traders, it’s not our job to take every single trade setup, it’s our job to take the trades that put the strongest odds in our favour. We do this by being very selective and choosing only the highest probability setups to trade. Keep this close to mind and more often than not you’ll hit the resumption of the trend by trading these quality flag patterns. So, guy's i think this is clear now right? Now let's back to nifty levels okay. Nifty Important levels for today:- Buy only above 19855, if levels sustains at least for 15 mints. Target will be 19935 (New all time high) Keep stop loss at 19765 Note:- If you get any bearish candlestick then sale here too, as market is highly overbought. And keep stop loss at 19935. Sale below 19765, if levels sustains at least for 15 mints. Targets will be in downside 19702/19634/19565 Keep Stop loss at 19855 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
2