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Niftyanalysis

NIFTY Intraday Trade Setup For 5 Sep 2023NIFTY Intraday Trade Setup For 5 Sep 2023 Bullish-Above 19550 Invalid-Below 19500 T- 19645 19740 Bearish-Below 19490 Invalid-Above 19540 T- 19397 19305 NIFTY has closed on a bullish note with 0.48% gain today. It has regained 19500(CB) after 30 days which is a bullish indication. Tomorrow's closing above 19600 would confirm that. Today it opened with a big gap up and 10 o'clock range was to be used as per analysis. Range broke downside below 19464 and gave 30 points gain which was 1:1. Later buy triggered as per trade setup above 19460 and hit 1st target smoothly (19460-19545). Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 19550 then we will long for the target of 19645 and 19740. For selling we need a 15 min candle close below 19490. T- 19397 and 19305. 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
2
NIFTY Intraday Trade Setup For 04 Sep 2023NIFTY Intraday Trade Setup For 04 Sep 2023 Bullish-Above 19460 Invalid-Below 19410 T- 19550 19645 Buy_2- From 19310 Invalid-Below 19260 T- 19390 19460 NIFTY has closed on a slight bullish note last week with 0.88% gain. We have already planned sell from 19560 with last swing high- 19800 as invalidation for the target of 19750 zone. Our continuation level is 19220 which was valid for last weeks too. Now we will close the short @ cost if tested. And later sell will be planned below 19220. Index will remain sideways till 20k is taken out in daily TF. And buy from support and sell from resistance should be the outlook in between especially for intraday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19460 then we will long for the target of 19550 and 19645. In case it opens lower than 19458 and 19310 is tested then we will buy from there. T- 19390 and 19460. 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 1 Sep 2023NIFTY Intraday Trade Setup For 1 Sep 2023 Bullish-Above 19290 Invalid-Below 19240 T- 19371 19455 Bearish-Below 19220 Invalid-Above 19270 T- 19105 19005 NIFTY has closed on a bearish note with 0.48% cut. Yesterday in both the indices I shared a possibility of a pullback today with half bat pattern as there was one leg move. Today it dipped and triggered sell without any pullback due to that it hit sl. Later after a pullback sell triggered again below 19330 and hit 1st target (19225). Tomorrow 19290 and 19220 are important levels for intraday. Also be alert about bullish reversal below 19220 as that's an important support. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19290 then we will long for the target of 19371 and 19455. For selling we need a 15 Min candle close below 19220. T- 19105 and 19005. 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
NIFTY Intraday Trade Setup For 31 Aug 2023NIFTY Intraday Trade Setup For 31 Aug 2023 Sell_1- From 19410 Invalid-Above 19460 T- 19345 18280 Sell_2- Below 19330 Invalid-Above 19380 T- 19230 19105 NIFTY has closed on an absolute flat note today after a roller coaster ride. It opened with a big gap up today and as per our trade setup 10 o'clock range was to be used. Initially 10 o'clock range broke above 19441 and last swing low was 19425, so around 16 points sl was hit. Later range broke downside below 19407 and last swing high was 19431, so with 25 points sl it gave 70 points straight move till gap area. I have been updating that although we have short position from 19560, index will give a straight move below 19220 only. In between it will be sideways. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes below 19330 then we will short for the target of 19230 and 19105. In case of a gap up 19410 is tested in the first hour then we will plan a short from there. T- 19345 and 19280. 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 30 Aug 2023NIFTY Intraday Trade Setup For 30 Aug 2023 Bullish-Above 19380 Invalid-Below 19330 T- 19460 19545 Bearish-Below 19300 Invalid-Above 19350 T- 19230 19106 NIFTY has closed with slight gain today. Whole day it was sideways, traded inside previous day's range. In fact it just traded between 70 points range. Nothing triggered as per trade setup today. Till the time it is inside hourly rage of 19500 and 19200 it is going to be sideways. Tomorrow above 19380 if sustained there can be a good up move. Below 19300, the downside move triggers. Also the 19220 is safe in daily TF which is the gateways to further fall in NIFTY. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19380 then we will long for the target of 19460 and 19545. For selling we need a 15 Min candle closes below 19300. T- 19230 and 19106. 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 29 Aug 2023NIFTY Intraday Trade Setup For 29 Aug 2023 Bullish-Above 19370 Invalid-Below 19320 T- 19439 19510 Bearish-Below 19225 Invalid-Above 19275 T- 19106 19005 NIFTY has closed with a slight gain of 0.21% gain today, almost sideways. 19220 is still safe, the gateway for the down move. It was almost sideways between yesterday's range. Tomorrow 19370 is very important for up side in intraday. Below 19225 if sustained then sellers will take charge. In between it will be sideways, so better to sell the range till then. 19290 is a confluence level but that will be an aggressive level to play with. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19370 then we will long for the target of 19438 and 19510. For selling we need a 15 Min candle close below 19225. T- 19106 and 19005. 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 28 Aug 2023NIFTY Intraday Trade Setup For 28 Aug 2023 Bullish-Above 19340 Invalid-Below 19290 T- 19489 19600 Bearish-Below 19225 Invalid-Above 19275 T- 19105 19005 NIFTY has closed on a slight bearish note last week and day with 0.23% and 0.62% cut respectively. Its been a month (30 Jul) we planned our sell below 19560. This was triggered on 01 Aug and last swing high/risk was 19800 and now TSL will be cost as the last swing high is somewhere close to that. Target of 18750 zone is intact. Below 19220 we are likely to witness a momentum downfall as that will be a range shift. As of now it is sell on rise so every rise will be looked into sell with a bearish price (M) structure in smaller (5/15) TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19340 then we will long for the target of 19489 and 19600. For selling we need a 15 Min candle close below 19225. T- 19106 and 19005. 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 25 Aug 2023NIFTY Intraday Trade Setup For 25 Aug 2023 Sell_1- From 19510 Sl-19560 T- 19440 19370 Sell_2- Below 19365 Sl- 19415 T- 19295 19210 NIFTY has closed on a slight bearish note with 0.29% cut. It opened with a big gap up today and 10 o'clock range broke downside below 19509 and last swing high/sl was 19521. Trade gave great gain of 130 points. It has formed a big bearish candle and chances of a continuation tomorrow is probable. On flat opening below 19365 we will short but later that will be our TSL/ reversal point. On flat/gap up opening 19510 will be a good resistance to short from. In case of gap down opening if range 10 o'clock range breaks upside then we will buy. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 19365 then we will short for the target of 19295 and 19210. 2nd sell position will be from 19510 and we will consider only on flat/gap up opening only. 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 24 Aug 2023NIFTY Intraday Trade Setup For 24 Aug 2023 Bullish-Above 19475 Invalid-Below 19425 T- 19545 19615 Bearish-Below 19415 Invalid-Above 19465 T- 19335 19250 NIFTY has closed on a slight bullish note with 0.25% gain today. It was a bit range bound unlike BNF. It was inside yesterday's range for the majority of time. Buy triggered in the 2nd half which ended at cost EOD. Nifty is near key resistance in hourly TF where break of 19485 will initiate a bullish reversal move. 19475 and 19415 are important levels for tomorrow's session. Good momentum can be expected on this range breakout. Upside momentum depends upon 19500 CE short covering. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19475 then we will long for the target of 19545 and 19615. For selling we need a 15 Min candle close below 19415. T- 19335 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 - 23rd August 2023Dear All, So the consolidation is still continued in the Market and in such a situation it becomes quite difficult to predict the next move. However, we still have the hope of 19300 as the level of support, while on the other side 19550 as the strong resistance level. Therefore, Cherry Picking and Portfolio Rebalancing are the only ways to sustain in such kind of a Market, as of now. Furthermore, over the last 2 days on the weekly chart of Nifty, we have observed a very impactful positive chart setup, while on the Day chart we can once again witness a Doji Formation. So, with fingers crossed we are hoping for the best. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 23 Aug 2023NIFTY Intraday Trade Setup For 23 Aug 2023 Bullish-Above 19445 Invalid-Below 19395 T- 19510 19595 Bearish-Below 19380 Invalid-Above 19430 T- 19315 19249 NIFTY has closed on an absolute flat note today. It was heavily range bound. Index traded within a tiny range of less than 70 points. Buy triggered as per trade setup which did not hit target nor sl. Tomorrow we will simply build our trade on today's market range. 19445 and 19380 are important levels for tomorrow's session. Key support and resistance are 19500 and 19250 zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19445 then we will long for the target of 19510 and 19595. For selling we need a 15 Min candle close below 19380. T- 19315 and 19249. 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