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Niftyanalysis

Morning Mantra - 20th July 2023Dear All, So yesterday was altogether a roller coaster day for the Market, where Nifty opened at 19802.95, then gradually made a low of 19727.45 during the day and then finally gave us a positive closing of 19833.15 However, the formation of a Hanging Man pattern on the Day chart setup is somehow indicating that a little supply pressure can be witnessed here, once again. Moreover, since today is the day of weekly settlement, therefore being cautious here, will be a better idea as the day can be crucial today. Also, can avoid being too aggressive regarding the Market. Furthermore, with the stop loss of 19550-19300 on immediate basis, can keep following the Cherry Picking strategy as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 20 Jul 2023NIFTY Intraday Trade Setup For 20 Jul 2023 Buy-Above 19855 Sl-19805 T- 19940 20026 Sell-Below 19725 Sl-19775 T- 19637 19555 NIFTY has closed on a bullish note with 0.42% gain today. Since last two days intraday momentum have dropped. Since last two days index is almost sideways. Although our swing long position is going well. We have longed from 18460 and above 18900 we opted TSL as PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs. However we are very close to our psychological target of 20000. One can book some in this region and book full when trailing is hit. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19855 then we will long for the target of 19940 and 20026. For selling we need a 15 Min candle close below 19725. T- 19637 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 - 19th July 2023Dear All, On observing the yesterday’s market momentum, it seemed like it was altogether a Rest day for Nifty. As after making a high of 19819.45 and a low of 19690.20, Nifty finally made a closing in an indecisive mode , with no clear cut indication. Besides, in the midst of all this, the positive data from the FII, along with the IT sector’s positive contribution is somehow or the other providing strength to the market. So, yet again we are still with our words to continue following the Cherry picking and to keep Rebalancing the Portfolio, with an immediate stop loss of 19300. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 19 Jul 2023NIFTY Intraday Trade Setup For 19 Jun 2023 Buy-Above 19780 Sl-19730 T- 19905 20005 Sell-Below 19690 Sl-19740 T- 19555 19460 NIFTY has closed almost on a flat note with some positive gains of 0.19%. It opened with a decent gap up but first target was achieved as per the trade setup. Later 10 o'clock range broke downside below 19738 and gave small gain of 40+ points gain. Moreover it was a sideways market, made a spinning top candle in daily TF. Below today's low we can expect decent down move in intraday. Sustaining above 19780 can initiate the mother trend. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19780 then we will long for the target of 19705 and 20005. For selling we need a 15 Min candle close below 19690. T- 19555 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
Morning Mantra - 18th July 2023Dear All, Yesterday once again we had observed a New Record High in Nifty. Where, the most beautiful part was that after 7 days of consolidation, the index finally decided to take a breakout. As per the current scenario, we can say that the Market is altogether in a different mood, where there are huge chances that we might also get to witness the levels of 20000 soon. So, in such a situation, indeed we can enjoy this rally. However, cautiousness will remain to be our tool. Besides, in the meanwhile, with the near term stop loss of 19300, keep Rebalancing your Portfolio and keep following the Cherry-picking strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 18 Jul 2023NIFTY Intraday Trade Setup For 18 Jul 2023 Buy-Above 19735 Sl-19685 T- 19815 19905 Sell-Below 19645 Sl-19695 T- 19555 19460 NIFTY has closed on a bullish note once again with 0.75% gain today. Last day a trendline was plotted and was said that a pullback is need, small or big does not matter. Then buy triggered as per trade setup above 19600 and hit 1st target EOD (19600-19731+). Our swing long position from 18460 is still intact. Above 18900 we have opted PDL as TSL. If a daily candle closes below PDL and that red candle's low is breached then we will exit longs. However we are at striking distance to an important psychological level- 20000. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19735 then we will long for the target of 19815 and 19905. For selling we need a 15 min candle close below 19645. T- 19555 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 17 Jul 2023NIFTY Intraday Trade Setup For 17 Jul 2023 Buy-Above 19600 Sl-19550 T- 19705 19802 Sell-Below 19480 Sl-19530 T- 19384 19300 Yet another bullish week added in our gains in NIFTY. It closed with 1.2% gain last week. Our swing long position from 18460 is still intact. 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 our long. Till then ride the momentum till it is. There will be a chance of reversal only when our TSL is hit. So there is no point in contra view. A trendline has been plotted on 15 Min TF, post rejection it will be a breakout. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19600 then we will long for the target of 19705 and 19802. For selling we need a 15 Min candle close below 19480. T- 19384 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 - 17th July 2023Dear All, Finally Nifty took a breakout of above 19550 level on weekly basis , which indeed is a very good sign as of now. Wherein, no doubt IT & Metal Industry have somehow contributed in this uprise. Moreover, we are now expecting the same from few other sectors as well, in the upcoming week. As of now, we are still with our words that portfolio rebalancing and Cherry picking will be a good idea here, with the stop loss of 19300 on immediate basis and 18700 on medium term. Furthermore, since the Result season has just started, therefore we have to remain a little cautious here. Happy Trading! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 14th July 2023Dear All, Yesterday was another day of witnessing a major supply from upper levels in Nifty. After which, we can now observe a red candle on the chart once again. Today, being the last trading of the week, we have to specially mention about the weekly body pattern, formed until yesterday, which is like a Doji formation. So, observing a Doji after a shooting star on weekly basis is somehow indicating the fight that has been going on between the bull and the bear. Altogether, this is a clear indication that we now need a weekly closing higher than that of the previous week. Therefore, we are still with our words, that for a clear cut indication, we now need to witness either a fresh breakout of 19550 or a breakdown of 19300 from Nifty. Until then, continue rebalancing your portfolio and keep following the Cherry picking strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 14 Jul 2023NIFTY Intraday Trade Setup For 14 Jul 2023 Buy-Above 19485 Sl-19435 T- 19570 19657 Sell-Below 19385 Sl-19435 T- 19271 19181 NIFTY has closed almost on a flat note today. But triggered as per trade setup above 19520 and gave 1:1 target. Later usual behaviour of the week - sell the rise kicked in. Daily swing breakout above 19525 did not happen today. So now the breakout level in daily TF is above 19570. In hourly TF it is forming a rising wedge formation; breakout yet to happen any side. Moreover it was a total consolidation market this week. We can expect a trendy move in the next week only. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19485 then we will long for the target of 19570 and 19657. For selling we need a 15 Min candle close below 19385. T- 19271 and 19181. 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 - 13th July 2023Dear All, As Nifty made a low of 19361.75 and a high of 19507.70 yesterday, it is very apparent how Nifty is still confused between the levels of 19300 and 19550, just as we had stated yesterday itself. Now as the Result season is on, so it is better to be stock specific. Besides, since today is the day of weekly settlement, so we also have to be quite cautious here, and have to wait for an either side movement in Nifty, i.e., either a breakout of 19550 or breakdown of 19300. In the meanwhile, keep following the Cherry Picking Strategy with the stop loss of 19300 and 18700. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
2
NIFTY Intraday Trade Setup For 13 Jul 2023NIFTY Intraday Trade Setup For 13 Jul 2023 Buy-Above 19520 Sl- 19470 T- 19630 19745 Sell-Below 19360 Sl- 19410 T- 19271 19181 NIFTY has closed on a bearish sentiment with 0.28% cut today. It has closed below PDL so today's low is very important. If today's low is breached then our TSL in long will be hit. Also there can be change in trend and sentiment on TSL. The next bullish momentum will be triggered above 19525. Moreover this week is turning declined sideways. Sell triggered at the time of closing so no trade was triggered as per trade setup. However 10 o'clock range broke downside and gave around 70 points. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19520 then we will long for the target of 19630 and 19745. For selling we need a 15 Min candle close below 19360. T- 19271 and 19181. 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 - 12th July 2023Dear All, After observing yesterday’s Market, we can see that the fight between the bull and the bear is still on. So, in order to witness a further uprise, we need to witness a fresh new closing from Nifty. Where, on the other hand, if Nifty breaks the level of 19300, then it can take a pause at around the level of 19200. Overall, we now need to witness an either side movement from Nifty, i.e., either a breakout of the 19550 level, or a breakdown of 19300 level. So, until Nifty is trading between the levels of 19550-19300 , we can keep Rebalancing our Portfolio, along with being a little cautious here, as the season of Results has started. Last but not the least, it is being observed that most of the stocks are either at their fresh new high, or are trading near their breakout levels. So, it is indeed a good time for some Cherry picking, here. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 12 Jul 2023NIFTY Intraday Trade Setup For 12 Jul 2023 Buy-Above 19520 Sl-19470 T- 19630 19745 Sell-Below 19400 Sl-19450 T- 19290 19181 NIFTY has closed with 0.43% gain today. Buy triggered as per trade setup above 19410 and hit our 1st target very smoothly (19410-19515). 19500 region was our target and it totally crashed after that. It has closed with positive gains but it ended on a bearish note. Below 19400 there can be good selling pressure as per the shooting star candle in daily TF. Above 19520-25 we will give a sharp rally. Also our TSL in long from 18640 is still intact. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19520 then we will long for the target of 19630 and 19745. For selling we need a 15 Min candle close below 19400. T- 19290 and 19181. 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