Black FridayUp to 80% OFF

Niftyanalysis

Morning Mantra - 10th August 2023Dear All, So finally we have observed the impact of witnessing a closing of above 19550 for 2 consecutive days, just as it was stated. As after those 2 days, Nifty has ultimately given us a positive closing of approx 19632.55 yesterday. Altogether, the Market is currently in a very choppy mode. Where we can clearly observe the stock specific momentum, which is also due to the ongoing Result season. So, as per the current scenario, we have to keep a track on the important levels of 19300-19550-19800. Where, since Nifty is currently trading above the level of 19550, so we can expect it to move towards the level 19800 with the support of 19550 on closing basis. On the other hand, a closing below 19550, will activate the level of 19300 once again. Therefore, in the meanwhile, be stock specific and keep following the Cherry Picking strategy. Keep Trading! Keep Investing! Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Inverse head & shoulder activated in 1 hour ?Hi All, I already posted an idea with 15 minutes. I will give reference below. If we see in 1 hour from 27 Jul this pattern is getting formed and rejected multiple times at upper trendline. If we draw inverse head & shoulder pattern touching with the trendline we can see breakout has happened already today. If this retests target is previous all time high. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:NIFTYLong
by tmvinoth3
NIFTY Intraday Trade Setup For 10 Aug 2023NIFTY Intraday Trade Setup For 10 Aug 2023 Bullish-Above 19650 Invalid-Below 19600 T- 19745 19843 Bearish-Below 19465 Invalid-Above 19515 T- 19375 19280 NIFTY has closed on a bullish note with 0.32% gain today. It has formed a Pin bar candle in daily TF so we can expect some more bullish momentum above 19650, if sustained post 10o'clock or in 15 Min TF. Today it opened flat and sell triggered as per trade setup and gave more than 1:1 gain later it formed reversed structure and reversed. In case of a gap down 19535 zone will act as a support. For a trendy short we have to wait for 19465 breakout. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19650 then we will long for the target of 19745 and 19843. For selling we need a 15 Min candle close below 19465. T- 19375 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 09 Aug 2023NIFTY Intraday Trade Setup For 09 Aug 2023 Bullish-Above 19635 Invalid-Below 19585 T- 19737 19843 Bearish-Below 19530 Invalid-Above 19580 T- 19430 19341 NIFTY has closed on a slight bearish note with minor cut of 0.13% cut today. Since last 3 sessions index has lost momentum. Nothing triggered as per trade setup. Usually this type of contraction or momentum happens before any event/ big move. Lets see when momentum unfolds. 19635 and 19530 is the 100 points range for tomorrow's session to look for breakout. Tomorrow whichever side it trade gets triggered follow 10 o'clock range breakout along with that. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19635 then we will long for the target of 19737 and 19843. For selling we need a 15 Min candle close below 19530. T- 19430 and 19341. 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 - 8th August 2023Dear All, Yesterday we had got to witness a gap up opening with ultimately a flat closing , in Nifty. Also, just as we had stated yesterday itself about the need to witness a closing of above 19550 for about 2 consecutive days in order to witness a new positive momentum. Similarly, on the positive note we had fortunately witnessed a closing of above 19550 yesterday. So, accordingly today as well, we would require a closing of above 19550 in Nifty. Where in the meanwhile, on the upper side 19800 will be a strong resistance level with the support of 19300 once again. Furthermore, the Market will now have to decide its final direction. Until then, it is better to be stock specific as the Result season is still going on. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 08 Aug 2023NIFTY Intraday Trade Setup For 08 Aug 2023 Bullish-Above 19621 Invalid-Below 19570 T- 19737 19843 Bearish-Below 19520 Invalid-Above 19570 T- 19433 19341 NIFTY has closed on a bullish note with 0.41% gain today. In the weekend we discussed that we will cut our sell position at cost as it should have gone in flow. About the swing position we will update later on right time. It has closed near day high so above 19621 it will fill the gap created on 2 Aug. Below 19520 we will sit in sell. In hourly TF we have to watch carefully index sustaining below 19560. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19621 then we will long for the target of 19737 and 19843. For selling we need a 15 min candle close below 19520. T- 19433 and 19341. 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 of August 2023Dear All, The previous week was in a way quite terrific for us, as Nifty had somehow touched all of its important levels in a week itself, i.e. from 19800-19550-19300 approx. Now, as per the current situation, Nifty has somehow taken a beautiful support at our earlier stated support level of 19300. Which is why, we are still quite optimistic for the psychological figure of 20000 once again, in the upcoming days, with a major resistance of 19800 as of now. Furthermore, before 19800, we have to wait for the level of 19550 on closing basis, for at least 2 consecutive days, in order to get a clear cut indication regarding a further upside. Meanwhile, we have to stay a little cautious with the stop loss of 19300 in the upcoming days. Overall, it is better to be stock specific and to keep rebalancing your portfolio for now, since the Result Season is going on. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 07 Aug 2023NIFTY Intraday Trade Setup For 07 Aug 2023 Bullish-Above 19540 Invalid-Below 19490 T- 19640 19751 Bearish-Below 19450 Invalid-Above 19501 T- 19345 19250 NIFTY has closed on slight bearish note with 0.66% cut last week. Swing sell has been triggered below 19560 and last swing high is 19800 (sl). It gave almost 1:1 gain but projected target is near 18750 zone. If it sustains above our cost price then we will exit with NPNL and may plan our entry again. Above 19540 it can show bullish momentum in intraday only thing is that we have to be alert in trailing with 5 MIN swing lows and alert on reversal sign. Below 19450 it will have a good bearish stance. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19540 then we will long for the target of 19640 and 19751. For selling we need a 15 Min candle close below 19450. T- 19345 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 - 4th August 2023Dear All, Yesterday we had seen the effect of the crucial support level of 19550. Where below this level, Nifty took a sharp dip towards our previous support level of 19300, and from 19300 we had also observe a sharp recovery of around 100 points in Nifty, yesterday itself. Finally yesterday we did somehow witness a major impact of the shooting star formation, which was observed on a weekly chart of Nifty. So, with Nifty’s pull back around our support level, the range of 19550-19300 now becomes activated. Therefore, be cautious today and keep following the Cherry Picking strategy , for now. Moreover, if you had already been Rebalancing your Portfolio, then this is an ideal time to infuse back the capital, little by little. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 04 Aug 2023NIFTY Intraday Trade Setup For 04 Aug 2023 Sell_1-From 19451 Sl-19501 T- 19373 19300 Sell_2- Below 19290 Sl-19340 T- 19179 19065 NIFTY has closed on a bearish note once again with 0.74% cut. After our sell triggered below 19560 it is going in flow. Sell triggered as per trade setup below 19420 and hit our 1st target 19300 in flow. Bearish sentiment likely to continue below today's low and this is the high probability trade in tomorrow's session. Only thing is that only if 10 o'clock range breaks upside by making a morning star in 15 TF then we have to stop and reverse our position. Incase of a gap up we will short from 19450 with 5 min candle's low as entry point. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 19290 then we will short for the target of 19179 and 19065. Incase of a gap up we will short from 19450 with 5 Min candle's low as trigger. T- 19373 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 - 3rd August 2023Dear All, So Finally we had witnessed a breakdown of 19550 in Nifty. But, since it is a very minute closing of below 19550, therefore we have to wait for 1 more day for Nifty to decide its move. Furthermore, on observing a hammer formation on the Day chart of Nifty, we are now expecting to witness a little selling pressure in the first half and then a little positive momentum in the later half, Today . Apart from all this, it is better to keep patience for another day and let Nifty decide its next move. In the meanwhile, we hope that you had already booked profits , as we have been repeatedly suggesting about Rebalancing your Portfolio. Also, it is a good time to keep following the Cherry Picking strategy, however, avoid going for over exposure. Keep Investing! Keep Trading! Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Nifty Trade Analysis. what to expect from here . (BUY or Sell)Hey Everyone , In this Post I would we will Talk about Nifty. As you can Already see Nifty is in Overall Uptrend in Daily Time Frame. But please consider short term time frame as well if you are Day Trader or Scalper. in Shorter Term timeframe Nifty is in Downtrend . If you are Trend Following Trader then You would definitely looking for buy . But don't buy at this Level. Look out for crucial support where you will buy to ride the Trend . According to me 19310 is the level where you'll accumulate your position. If you are Day Trader then 19632 is the Resistance Level for you Guys and trade within these Level Accordingly. *If Nifty wants to continue it's rally then a Nice correction Indeed required. Disclaimer : Trades and views for Education Purpose only. Consult your finance advisor before taking any Decision.
NSE:NIFTY
by Notorious_Trader