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Niftyanalysis

Morning Mantra - 12th June 2023Dear All, Once again our Morning Mantra update was proven to be absolutely on point on the last Friday. Wherein, as stated a significant Bearish Engulfing pattern on the chart of Nifty on Thursday, had clearly shown the expected fall in the Market on Friday itself. So, as per the current situation we can see a beautiful shooting star pattern on the chart of Nifty. Yes, “ Beautiful ” for the Bears, as after Nov-Dec 2022, we can once again observe a supply pressure around this level of 18800 approx. Furthermore, it can be observed that Nifty is facing a lot of difficulty to make a New High. But still we are positive on the Market for witnessing a New High, until the time the index is trading above the level of 18400. Besides, in the meanwhile, it is a good time for Portfolio Rebalancing. As whenever we face such kind of Resistance on the upper levels, we must look into our Portfolio and work upon it as per our Personal Financial Advisor. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 9th June 2023Dear All, Just as we had cautioned you, about the probability of witnessing a supply pressure here at the upper levels. Similarly, we can now observe the formation of a Bearish Engulfing pattern on the Day chart of Nifty, which is indeed not a good sign for the bulls as of now. However, since for the entire week the Market has been in an indecisive mode, therefore, for the last day of this trading week, we will suggest you to be cautious and to wait for the clear cut indication from the Market. Besides, we are still positively hopeful for witnessing a New High in Nifty, with 18400 as an immediate support level. Furthermore, in the meanwhile, continue following the Cherry picking strategy and keep rebalancing your Portfolio, as it will be a very good idea to do so, as of now. Keep Trading! Keep Investing! Keep Following Us! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
1
Morning Mantra - 6th June 2023Dear All, So, once again we can observe the formation of a Cross Doji pattern on the chart of Nifty. Therefore, it’s time to be a little cautious now, because such kind of a consolidation will create a sudden rise or a sudden fall, in the form of a Breakout or Breakdown. Besides, we hope that our Morning Mantra updates have been helping you, specially in the regards of Portfolio Rebalancing, as we have been stating it since the last week. Yes we are still with our words, that if Nifty makes a positive breakout, then it can surely achieve its Target of a New high , as even the Market Sentiments are positive. But the Index is trading in a very narrow range of 18400-18600 as of now, where we either need a breakout or a breakdown from here. Furthermore, for now, it will be better to avoid exposure trading in such a market condition. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
1
Morning Mantra - 2nd June 2023Dear All, Just as we had been expecting, about Nifty taking a pull back towards the level of its previous gap up opening. Similarly, it can be observed that Nifty has finally reached around the particular level of 18480. Now with the stop loss of 18400 on immediate basis and 18200 for the mid-term, we are still bullish on Nifty, for the Target of New high. Moreover, with this expected pull back, it is altogether a good time for Cherry Picking and Portfolio Rebalancing. Besides, on the basis of weekly chart of Nifty, we have to be very cautious against the Market volatility, Today. As it will somehow be better to be patient and wait for today’s closing. Where if Nifty gives a stable closing of above 18400, then we can expect a bounce back from this level, in the upcoming week. Otherwise, we have to become ready with the new strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 1st June 2023Dear All, Just as we had stated in our Morning Mantra yesterday about witnessing a pull back from the level of 18600. Likewise the same was observed yesterday itself, as Nifty had made a low 18,483.85 We can say that yesterday, Nifty had somehow tried to fill up the gap that was created as a result of its gap up opening, the other day. Moreover, for now, with the stop loss of 18400-18200, we are still bullish on Nifty for witnessing a new high in the upcoming days. Besides, this kind of pull back should be considered as an opportunity for Cherry picking and for rebalancing of the Portfolio, until the time Nifty triggers its new high. Furthermore, since Today is the day of weekly settlement so be a little cautious. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 29th May 2023Dear All, It was indeed a wonderful week for Nifty, as finally we had witnessed a beautiful recovery on a weekly basis. Wherein, Nifty had successfully crossed the level of 18400 and had given us a beautiful weekly closing of 18500 approx. So yes, somehow our predictions are becoming true, that above 18200 we are now ready for a new high in Nifty, with the stop loss of 17800. Furthermore, as Nifty is now trading above 18400, so we can shift our stop loss from 17800 to 18200 on immediate basis. Besides, now that we are in the last week of May, we can also observe the effectiveness of the Morning Star Doji formation, which was witnessed on the monthly chart of Nifty, in the last month. Altogether, with fingers crossed for a further positive momentum in the Market, keep rebalancing your portfolio along with keep following the Cherry-picking strategy . Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 26th May 2023Dear All, Once again we had seen the significance of 18200 as the level of support for the Market, yesterday. Where after making a low of 18202.40, the index ultimately made a good recovery and gave a closing of 18321.15 After 2 back to back Doji formations at the upper levels, we can now observe the formation of a Hammer pattern on the Day chart of Nifty. Which altogether is quite a good sign for the Market as it indicates that Today can be a good day for the bulls. Yes, we are still in between the levels of 18400 and 18200, which indicates that the Market is somehow creating a platform for the upcoming rally . So, overall on a medium-term, 17800 will become a very important support level for the Market. Furthermore, we are still bullish on Nifty for a new high in the upcoming days, till the time the index is trading above this level of 17800 on weekly basis. In the meanwhile, keep rebalancing your portfolio and keep following the Cherry Picking Strategy, for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 24th May 2023Dear All, Just as we had stated yesterday, about witnessing the formation of a Morning Star Doji, consequently we did also observe a gap up opening in Nifty, along with a positive momentum in the Market. However, unfortunately Nifty was somehow unable to crossover the high of the past 4-5 days. Besides, we can now observe the formation of a Doji pattern on the upper levels of Nifty, which altogether is indicating a reversal from here. In the meanwhile, the level of 18200 will continue to play a very crucial role, as of now. Above which, we are indeed ready to witness a new high in the upcoming days. Whereas, on the lower side, the level of 17800 will be the crucial support for Nifty. Furthermore, since Nifty is currently trading in a narrow range of 18450 to 18200 , so an either side breakout or breakdown is quite important here, for the Market Participants. Until then, Portfolio Rebalancing will be a good idea. Besides, following the Cherry Picking strategy will be like a Cherry on the Cake. Happy Trading! Happy Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
1
Morning Mantra - 23rd May 2023Dear All, Just as we had stated in our Morning Mantra update yesterday , regarding the probability of witnessing a reversal from 18200 . Likewise, the same was observed yesterday itself, as taking a beautiful support at 18200, Nifty had showed us a beautiful recovery. Well, after observing the formation of a Long-Legged Doji, we can now observe the formation of a Morning Star Doji pattern on the Day chart of Nifty - which is altogether a good sign for the Market. Furthermore, we are expecting that above 18200 , the market can perform well in the upcoming month of June . So, with the support level of 17800 on weekly basis, get ready for a new high in the upcoming days. Until then, can follow the Cherry Picking strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 22nd May 2023Dear All, Just as we had stated in our previous Morning Mantra update, about the struggle of Nifty at around the crucial level of 18200, similarly, we did also witness a closing of just around the stated level, i.e., at 18203.40 However, as of now, observing the pattern of a Long Legged Doji on the Day chart of Nifty, somehow indicates the probability of a reversal from here. So, once again with the stop loss of 17800, if Nifty manages to stably sustain above this crucial level of 18200, then we can expect to witness a new high in the upcoming days. Otherwise, we will have to go with another suitable strategy. In the Meanwhile, keep rebalancing your portfolio. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 15th May 2023Dear All, So, Finally we had witnessed a weekly closing of above 18200 in the last week, as Nifty made a closing of 18314.80 This altogether is quite a positive sign for the Market on technical parameters. As of now, we are quite positive on the Market regarding witnessing a new high in Nifty in the coming days. So, with the stop loss of 17800, we are with our words to keep Rebalancing your Portfolio and to keep following the Cherry picking strategy for now. Happy Investing! Happy Trading! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 11th May 2023Dear All, So, fortunately yesterday we got to witness another day of positive closing of above 18200. However the day ended on flat note as Nifty gave a closing (18315.10) of just near to its opening figure of 18313.60 Now observing the formation of a Doji pattern on the chart of Nifty, and also considering the fact that today is the day of weekly settlement, it will somehow be better to not be very aggressive today and to remain cautious at the same time. Furthermore, keeping in mind, that along with witnessing a positive closing on day basis, we also need to witness a positive weekly closing of above 18200. After which we are very positive for a new high in Nifty with the stop loss of 17800 in the coming days. Therefore, until then keep reaping the benefits out of this uprise and keep Rebalancing your Portfolio. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 31st May 2023Dear All, So once again yesterday, Nifty was trading in a range bound, where we had somehow witnessed a fight between a bull and a bear at the upper levels. Fortunately, the Index gave us a beautiful closing of above 18600, which is indeed a good sign for the Market, as of now. Moreover, until the time Nifty is trading above this level of 18600, the sentiments are still positive for witnessing a New high in the upcoming days. However, if in case Nifty breaks this level of 18600, then do not worry but wait for the level of at least 18400-18200 as the pull back zone in Nifty, as of now. Furthermore, the idea of Rebalancing the Portfolio and Cherry Picking will remain to be a good idea, until Nifty triggers its new high. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 28 Jun 2023NIFTY Intraday Trade Setup For 28 Jun 2023 Buy-Above 18830 Sl- 18780 T-18921 19013 Sell-Below 18770 Sl- 18820 T- 18700 18630 NIFTY has closed on a bullish note with 0.68% gain today. It gave a fantastic move after the breakout of symmetric triangle. Buy triggered above 18725 and hit our 1st target very smoothly. Trade gave more than 100 points gain (18725-18829+, 1:2). We are likely to hit a fresh ATH tomorrow if today's high is sustained. 18830 and 18770 are important levels for tomorrow's session. Be strict in trailing with trade triggers. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18830 then we will long for the target of 18921 and 19013. For selling we need a 15 Min candle close below 18770. T- 18700 and 18630. 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
NIFTY Intraday Trade Setup For 27 Jun 2023NIFTY Intraday Trade Setup For 27 Jun 2023 Buy-Above 18725 Sl-18675 T- 18821 18920 Sell-Below 18640 Sl-18690 T- 18550 18450 NIFTY has closed with a slight gain of 0.14% today, almost flat note. It has formed a spinning top candle in daily TF which is a sign of indecision. Nothing triggered as per trade setup as it was sideways between the 10 o'clock range itself. It traded in a narrow range of 75 points between 18722 and 18647. Tomorrow we will simply trade on this range breakout. Be very strict in trailing with proper market structure in 5 and 15 Min TF. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 18725 then we will long for the target of 18821 and 18920. For selling we need a 15 Min candle close below 18640. T- 18550 and 18450. 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 possible Levels for 26/06/23Nifty analysis for tomorrow:- Nifty has broken support trendline in 30 mints, and started trading below whole day on friday. i think Chances are looking high to go for downlevels. But still if NIfty sustain above 18750 levels then we can see buying in it. For down side If nifty breaks for support area which i marked on chart, then Nifty can go further down following by filling small gap also which is just below the support area. If that happen then for down side Nifty can slips 18550 and 18500 levels. So buy above when 18750 sustains Sale below, if Nifty breaks support levels 18640. For target i have mentioned on chart. for buying Stop loss will be 18660 For selling Stop loss will be 18725 Trade Carefully, always use stop loss. If anyone likes my work then definitely like this idea and follow me for more updates and let me know your thought about this idea in comment box. Thankyou, Regards Rahul Pal Disclaimer:- Always do your own analysis or consult with your financial advisor before taking any kind of trades.
NSE:NIFTY
by TraderRahulPal
4
Morning Mantra - 26th June 2023Dear All, A huge volatility in the Market, was witnessed in the last week. Where, unfortunately once again, Nifty was somehow unable to crossover the level of 18888. As a result of which, we can now observe the formation of a Dark cloud cover on the weekly chart of Nifty. Which is somehow indicating that we can get to witness some selling pressure in this week. So much so that, there’s even a probability to witness the level of 18400 , which has been a very crucial support level for Nifty, on closing basis. Therefore, tighten your seat belt and stay cautious against the volatility for this week as well, as it consists of 4 Trading days only. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 26 Jun 2023NIFTY Intraday Trade Setup For 26 Jun 2023 Buy-Above 18750 Sl-18700 T- 18835 18920 Sell-Below 18645 Sl-18695 T- 18550 18450 NIFTY has closed on a bearish note with 0.85% cut last week. Our swing target which we longed from 18460 was almost achieved, only 1 point was missed from ATH. As of now the next upside possibility opens above 18900 only. Meanwhile we broke the hourly trendline support. Support will be regained if we grip 18860 again in the very next few days. Hourly range is 18640 and 18900. This range breakout will give us the next directional move. Or else we will have sideways momentum majority of the time in intraday. On this range breakout we can test 18400-50 in the downside and sky is open in the upside. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18750 then we will long for the target of 18835 and 18920. For selling we need a 15 min candle close below 18645. T- 18550 and 18450. 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: Wave Projection Suggests A New High But…Timeframe: Daily Nifty has accomplished its double three correction (w) - (x) - (y). Price had risen rapidly after the completion of wave c of wave (y). According to the wave principle, Nifty can only confirm its trend after breaking wave (x) of a complex correction. So, the price must have sustained above 18111 . It is also a higher low, and the price may face resistance from this level.If the price fails to sustain above 18111 , nifty can start a correction up to 38.2]% [/b retracement of the wave. The length of the impulsive wave 3 is 2.618% of wave B. Conclusion: Upward move is limited to 18111 , and the price has to confirm the Bullish momentum by sustaining above this level. Failure may start 4th wave correction. I will update further information.
NSE:NIFTY
by forextidings
19
Morning Mantra - 23rd June 2023Dear All, So, Yesterday was a perfect Roller Coaster Day for every Trader. Where the Market wasn’t so good and stable for the players. Besides, we did also see a lot of profit booking across the different sectors. Well as of now, we can observe the formation of an Evening star Doji on the Day chart of Nifty, which itself is indicating that we can observe another day in the Grip of the Bears. So, we need to remain cautious, for now. However, we are still with our words that the overall Market sentiments is still positive. But, somehow the Index is facing a lot of difficulty in crossing over above this crucial Resistance level of 18888. So, as of now, Portfolio Rebalancing is the only way to keep yourself prepared against any negative circumstances in the Market. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 23 Jun 2023NIFTY Intraday Trade Setup For 23 Jun 2023 Buy-Above 18890 Sl-18840 T- 18973 19058 Sell-Below 18755 Sl-18805 T- 18655 18550 NIFTY has closed on a bearish sentiment with 0.45% cut today. It is just consolidating at ATH since last 4 sessions. ATH has become a ceiling now. Breakout will give us the next directional move. For selling we need a proper bearish price structure in daily TF. Today it traded inside previous day's range almost the whole day. Only after 2 PM sell triggered which did not give us the target due to closing bell. 18817 is the mid point for tomorrow's session. 18890 and 18755 are the trade trigger levels. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18890 then we will long for the target of 18973 and 19058. For selling we need a 15 min candle close below 18755. T- 18655 and 18550. 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 - 22nd June 2023Dear All, Yes it was a wonderful day yesterday. Yet it was somehow a confused one, as we can also observe the formation of a Doji pattern at this upper level. Indeed we are very close to the level of 18888, and we are also observing the strength of this Crucial Resistance level, as Nifty is facing a lot of difficulty in crossing over above it. Where, once after Nifty successfully manages to cross over this level, then we can also witness the level of 19200, in the coming time. Furthermore, these 2 trading days (i.e., Thursday & Friday ) will somehow be very crucial for the Market. Besides, today is day of weekly settlement. So, in such a situation, “cautiousness” is the right word for the Market, as of now. While on the other hand, a beautiful rally from many of the mid-cap stocks is indicating a mixed reaction of the Market and a perfect fight situation between the bull and the bear. So here, Portfolio Rebalancing is an appropriate strategy to be followed. Also, be stock specific and keep following the Cherry Picking strategy, as of now. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya