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Niftyanalysis

Morning Mantra - 10th July 2023Dear All, In the previous week, we had overall witnessed a mixed momentum in the Market. Where on the one hand, Nifty had made a Fresh New High of 19523.60, and on the other hand it also showed us a significant supply pressure. Although, this supply pressure witnessed at the upper levels, in the previous week was quite natural, as the Market was at its Fresh New High. Well for now, we can observe a Shooting Star formation on the Day as well as Weekly chart of Nifty. So here again, we are expecting to witness a little selling pressure. But somehow on the positive note, it is being expected that BankNifty can play a crucial role, this week as well. Therefore, now we have to give some time to the Market to take a pause, and both the Traders as well as the Investors, need to patiently watch for the final Market Momentum, throughout this crucial week. Besides, we are still with our words that with the stop loss of 19200 and 18700, keep Rebalancing your Portfolio and 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 10 Jul 2023NIFTY Intraday Trade Setup For 10 Jul 2023 Buy-Above 19420 Sl-19370 T- 19523 19620 Sell-Below 19300 Sl-19350 T- 19213 19121 NIFTY has created a bearish sentiment on Friday ending the day with 0.85% cut. We have longed from 18460 and its TSL we followed is still intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit. On Friday it closed below PDL and now if it breaks its low- 19300 then our TSL will be hit and will exit the longs. Next bullish momentum above 19525. For a sell it has to make a bearish price structure in daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19420 then we will long. T- 18523 19620. For selling we need a 15 Min candle close below 19300. T- 19213 and 19121. 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 - 7th July 2023Dear All, So yesterday, we had witnessed a very beautiful momentum in Nifty. Where even after back to back 2 Doji formations, instead of showing a Reversal, Nifty fortunately took it positively and gave us an all time high closing of 19497.30 So, as per Technical Analysis, Market sentiments still seems to be positive, as of now. However, if in case Nifty takes any pull back towards the level of 19200, then that can be taken as an opportunity for Cherry picking with the stop loss of 18700, for the upcoming days. Furthermore, since today is the last trading day of this wonderful week, therefore we need to be a little cautious here. In the meanwhile, keep rebalancing your portfolio, as this is the only way to keep your portfolio healthy, as of now. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 07 Jul 2023NIFTY Intraday Trade Setup For 07 Jul 2023 Buy-Above 19515 Sl-19465 T- 19606 19717 Sell-Below 19430 Sl-19480 T- 19339 19253 NIFTY has closed on a positive note with 0.51% gain today. Yesterday it was mentioned that on a flat opening bullishness will be there from first half. It opened almost flat and buy triggered above 19435 and 1st target was almost achieved (19435-19512+). Now we have a small trendline resistance in 15 Min TF. Above this once again bullish momentum will kick in. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 19515 and 19430 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19515 then we will long for the target of 19606 and 19717. For selling we need a 15 Min candle close below 19430. T- 19339 and 19253. 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 - 6th July 2023Dear All, Once again we can see a Doji formation on the Day chart of Nifty. So, yes it is a significant indication that Nifty can take a pause from this rally. But we are still with our words that the overall market sentiments seems to be positive with the stop loss of 19200 as of now. Furthermore, every pull back can be a good opportunity for Cherry Picking along with the stop loss of 18700. Last but not the least, Today is an important day , since it is a day of Weekly Settlement. Therefore be cautious , be stock specific and keep rebalancing your portfolio as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 06 Jul 2023NIFTY Intraday Trade Setup For 06 Jul 2023 Buy-Above 19435 Sl-19385 T- 19527 19620 Sell-Below 19335 Sl-19385 T- 19253 19175 NIFTY has closed on a complete flat note today. It has formed an inside candle in daily TF. It was a complete rangebound session with momentum almost cemented. It has formed a range in 15 Min TF. Breakout of 19435 and 19335 will give us a trendy move. On a flat opening it may maintain a bullish stance in the first half. session. Sentiment is bullish across TF, slight sentimental change will be there when we close below PDL and that red candle's low is breached. That is also the TSL for our swing low position. Coming to Thursday's trade setup, if index opens flat and a 15 min candle close above 19435 then we will long for the target of 19527 and 19620. For selling we need a 15 min candle close below 19335. T- 19253 and 19175. 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
Nifty50 Analysis! Trend Reversal is on the way!NIFTY50 Daily Analysis! Head and Shoulder Pattern Formation in NIFTY 50! Head and Shoulder Pattern Breakout in NIFTY 50. Currently Retesting! NIFTY 50 was clearly in a Downtrend till 28th March. Nifty has moved in downtrend is about 4 months. From December 1 Nifty is falling like anything. After that Nifty started moving upwards. Now Nifty has made a nice Head and Shoulder Pattern on a Daily Timeframe and it started retesting to its support level 18069. Scenario 1 = If Nifty took support at its recent level 18069 which is also one of the important Fib levels 1.618(Nifty will move up to 18369.30 ) = UP Scenario 2 = If Nifty breaks above level(Nifty will move down up to 17900 which is Neckline extended support trendline ) = DOWN Scenario 3 = If Nifty breaks above level(Nifty will move down up to 17557.40 which is a major swing level) = DOWN Rest of the Analysis you will find on chart. I have done all the possible Analysis on the chart which took lots of time. If you like this Analysis please support this Analysis. I hope you will lean something about Technical Analysis from this chart. Thank you all for your Support! Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:NIFTYLong
by Avinash9087
42
Morning Mantra - 5th July 2023Dear All, We can now observe a Doji formation on the chart of Nifty here at upper level. Which can give a pause to this rally as of now. So in such a situation, we might get to witness some pull back in Nifty. But again the overall market sentiments is quite positive. Where the support levels of 18700 and 19200 will be very crucial for us. In the meanwhile, keep following the Cherry picking strategy and keep Rebalancing your Portfolio with the stated support levels, as of now. As Nifty is in an open territory, which indicates that anything can happen in the Market as of now. So don’t Miss the rally and be cautious along with being stock specific. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 05 Jul 2023NIFTY Intraday Trade Setup For 05 Jul 2023 Buy-Above 19435 Sl-19385 T- 19527 19620 Sell-Below 19355 Sl-19405 T- 19263 19181 NIFTY has closed on a bullish note once again with 0.34% gain. Our swing long position from 18460 is going buttery smooth. After ATH breakout we expected a non-stop momentum which is going on very well. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. Today buy triggered above 19350 and hit our 1st target (19350-19434). 19435 and 19355 are important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19435 then we will long for the target of 18527 and 19620. For selling we need a 15 min candle close below 19355. T- 19263 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
NIFTY Intraday Trade Setup For 04 Jul 2023NIFTY Intraday Trade Setup For 04 Jul 2023 Buy-Above 19350 Sl-19300 T- 19430 19515 Sell-Below 19285 Sl-19335 T- 19189 19094 NIFTY has closed on a bullish note with 0.7% gain today. It opened with a minor gap up above our buy level and 1st target was achieved as per trade setup. It opened with a gap up but 10 o'clock range was intact for the whole day. Nothing triggered as per 10 o'clock range breakout as it traded inside the range. Our swing position is doing fantastic. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 18350 and 19285 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19350 then we will long for the target of 19430 and 19515. For selling we need a 15 Min candle closes below 19285 then we will long for the target of 19189 and 19094. 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 July 2023Dear All, As per the chart of Nifty, the Index is currently trading in an open territory. Where it had also made a New High of 19345, yesterday, along with a closing at the upper level. So, as of now, considering these factors, specially the fact that Nifty is trading in its all new horizon now, we are still our words to remain cautious here, with the following Cherry picking strategy and Portfolio Rebalancing, with the support of 18700. Moreover, the way Nifty has been performing since the last 4 days, signifies that we should enjoy the Waves, but we should also be cautious in the time of High tide or low tide. Since this is the situation of High Tide, therefore it is better to be careful as of now. Happy Trading! Happy Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 3rd July 2023Dear All, We can start this New Month on a positive note, as finally Nifty is at its Fresh New High as per the Daily, Weekly and Monthly Chart Basis. On the Monthly basis, we have observed the beautiful effect of a Morning Star Doji pattern which was seen on the chart of Nifty in the Month of April. Consequently, both May & June had turned out to be positive for the Market. As even our 2 important stated levels of 18888 and 19200, were achieved by Nifty in back to back 2 days. Now, on the basis of Daily chart of Nifty, we can say that these rapid achievements of Nifty, is somehow indicating the need for cautiousness . Even though the bulls have made a beautiful victory in the battle with the bears. It will be better to avoid being very aggressive in the Market as of now, since Nifty is at its fresh new high. At this time, it will be favourable to be cautious, to be stock specific and to keep Rebalancing the Portfolio , as most of the stocks are at their Neckline. Last but not the least, we can now uplift our level of stop loss from 18400 to 18700, and follow the Cherry picking strategy with the support of the same. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 03 Jul 2023NIFTY Intraday Trade Setup For 03 Jul 2023 Buy-Above 19205 Sl-19155 T- 19310 19420 Sell-Below 19135 Sl-19185 T-19050 18965 NIFTY has closed at a record high last week with 2.8% gain. Our long triggered on 26 May above 18460 for the target of a fresh ATH near 19100. Index hit our target slowly and steadily (18460-19200+). Now we will ride the momentum to the fullest by trailing it. As of now if a daily candle closes below PDL and that red candle's low is breached then we will exit our positions. As of now there is no scenario of sell. First of all it has to hit our trailing then on a bearish price structure in daily TF possibility of sell pans out. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19205 then we will long for the target of 19310 and 19420. For selling we need a 15 min candle close below 19135. T- 19050 and 18965. 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 June 2023Dear All, Indeed the previous week was somehow fantastic for the Nifty lovers, as we had witnessed a very positive closing, on the Day as well as Weekly basis at a New high, i.e., at the level of 18826. Now Since, we are quite near to a Fresh New High, so once again we are very optimistic for this Week, with the support level of 18400 on closing basis. Where if Nifty gives a closing of above 18888 this week , then we can witness a further New High of around 19200 in the upcoming days. And it is only then, that we will trail our stop loss to the upper level. Until then, 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 30 Jun 2023NIFTY Intraday Trade Setup For 30 Jun 2023 Buy-Above 19015 Sl-19965 T- 19105 19187 Sell-Below 18940 Sl-18990 T- 18855 18770 NIFTY has closed on bullish note last with 0.82% gain. We longed above 18460 on daily swing breakout for target of a fresh ATH near 19120. We are at striking distance to our target and we will keep on riding this till our TSL is intact. If a daily candle closes below PDL and that red candle's low is breached then our TSL will be hit. Last day it opened with a big gap up and 10 o'clock range broke upside above 18898 ( 20 points sl) and made a high of 19011. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19015 then we will long for the target of 19105-20 and 19187. For selling we need a 15 min candle close below 18940. T- 18855 and 18770. 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
7
Morning Mantra - 30th June 2023Dear All, So finally we have witnessed a beautiful closing of above 18888, i.e., at 18972 in Nifty, on the previous trading day of this week. So now our next target is of 19200. Wherein, as per the current scenario we are very much optimistic on Nifty for achieving this Target by today itself. Moreover, as every event has two sides, i.e., a positive and a negative one. So, on the one hand, we can achieve our expected target of 19200 by today. On the other hand, it is very necessary for us to become cautious here at the upper level. As a Fresh New High, can somehow trigger a supply pressure here. Last but not the least, just as we had stated earlier, upon witnessing a closing of above 18888, we can now uplift our stop loss levels from 18400-18200 to 18700-18400, and follow the Cherry picking strategy with the support of the same. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 16th June 2023Dear All, Just as we had stated yesterday about considering the Day as a “No Trade Day” , Likewise we did also witness a lot of volatility in the Market yesterday . Wherein, a major supply pressure was witnessed in the Banking Sector. Therefore overall, a tough fight between the bull and the bear, is being observed here at the upper levels. A positive buying number from FII on the one hand, and on the other hand, the supply pressure that is being observed in the Market is somehow indicating that the Market Players are Rebalancing their Portfolio here. So, be cautious and keep rebalancing your portfolio at the current levels. Last but not the least, the Market Sentiments are still positive for a New High, with the stop loss of 18400. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya