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Niftyanalysis

Morning Mantra - 2nd August 2023Dear All, It was indeed quite a choppy day yesterday. Where somehow the unfortunate thing is that it has been for back to back 2 days that Nifty is failing to cross over the level of 19800. Although, on the other hand, Nifty is currently above 19550 and just as we had stated earlier, it seems that Nifty is creating a platform for another new high. So, once again with the stop loss of 19550, keep rebalancing your portfolio and keep following the Cherry Picking Strategy for now for the magical and psychological figure of 20000. Happy Trading! Keep Investing! Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 02 Aug 2023NIFTY Intraday Trade Setup For 02 Aug 2023 Bullish-Above 19770 Invalid-Below 19720 T-19841 19935 Bearish-Below 19700 Invalid-Above 19750 T- 19630 19555 NIFTY has closed almost on a flat note with minor cut of 0.1% today. Yesterday we planned that if we get a rejection from PDH and then if buy triggers then a good bullish momentum can be expected. It gave a negligible rejection that is why bullish trade did not go in favour. We have a very tight range for tomorrow. 19770 and 19700 are key levels for tomorrow's session. We have to be neutral and let market decide which side it is ready. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19770 then we will long for the target of 19841-51 and 19935. For selling we need a 15 Min candle close below 19700. T- 19630 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 - 1st August 2023Dear All, Just as we had stated yesterday that after observing the formation of a Doji pattern on the Day chart, we are expecting a bounce back in Nifty. Likewise, we did experience the same yesterday itself. Another positive factor here is that we can now observe the formation of a Hammer pattern on the chart of Nifty. So it is somehow indicating a further uprise in the Market, which altogether is being expected to be witnessed today itself. So, once again we are with our words that above 19800 , we will be ready for our psychological figure of 20000. Furthermore, in the meanwhile with the stop loss of 19550, continue Rebalancing your Portfolio and keep following the Cherry Picking Strategy for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 01 Aug 2023NIFTY Intraday Trade Setup For 01 Aug 2023 Bullish-Above 19775 Invalid-Below 19725 T- 19855 19935 Bearish-Below 19670 Invalid-Above 19720 T- 19565 19470 NIFTY has closed on a bullish note with 0.55% gain today. In the weekend we discussed that 19560 is an important weekly level below which a short would open for 18750 zone. But before that it formed a Pin bar candle in daily TF on Friday and expected bullish momentum above 19670, so has happened. Buy triggered as per trade setup above 19670 and hit our 1st target very smoothly. Trade gave around 100 points (19670-19772). After a small pullback from today's high if it gives a breakout then bullish momentum likely to continue. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19775 then we will long for the target of 19855 and 19935. For selling we need a 15 min candle close below 19670. T- 19565 and 19470. 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 - 31st July 2023Dear All, Just as we had stated in the last week , about witnessing a supply pressure in Nifty as a result of observing a Shooting Star formation on the weekly chart. Likewise, the same was observed in the previous week itself. Now for this week, as per the Day chart setup, we can observe a Doji formation on the chart. Which altogether indicates that in a very short term, we can get to witness a little bounce back in Nifty. However, on the other hand, as per the Weekly chart, there’s still an indication of a little supply pressure . Although we had already stated about the necessity of witnessing either a breakout of 19800 or breakout of 19550 in Nifty. So, according to that Nifty took a beautiful support just around our stated level of 19550, as it made a low of 19563 on the last Friday. Therefore, on this positive note we are still with our words that the overall market sentiments still seem to be positive. So, with the stop loss of 19550, continue rebalancing your portfolio and keep following the Cherry picking strategy, for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 31 Jul 2023NIFTY Intraday Trade Setup For 31 Jul 2023 Bullish-Above 19670 Invalid-Below 19620 T- 19755 19845 Bearish-Below 19560 Invalid-Above 19610 T-19470 19380 NIFTY has taken a pause in the bull run after hitting psychological zone of 20k which was also our buy target which we bought from 18460 for swing. A pullback is very logical after an impulse. This pullback/down move will be initiated below 19560,level is this and last week's low. It can test 18750 zone in this case. However I feel that we have to eat this in pieces. It has formed a Pin bar candle on last session. So on a flat opening we can expect some bullish moment above 19670 tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19670 then we will long for the target of 19755 and 19845. For selling we need a 15 Min candle close below 19560. T- 19470 and 19380. 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 Looking Range BoundHii all... Greetings! Today I'm sharing Nifty (Spot) 15 min time frame chart with all. it looks like nifty is in range corrected well from its last highs of 19991 to 19563. Currently I see a double Support and double bottom at 19563 levels. Nifty might stay in this range for this week. Up Trend will continue only if Nifty Sustains 19760 Level & 19820 Level. after that only Nifty will Resume its Up Trend. Below 19560 correction might continue up to 19400 levels. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
NSE:NIFTY
by NikhilChoudhary2023
Morning Mantra - 28th July 2023Dear All, Just as we had stated yesterday, about our expectation of witnessing a selling pressure . Likewise the same was observed in the Market yesterday itself. Moreover, yesterday Nifty made a low of 19603, which was somehow very near to our stated support level of 19550 (with a difference of only 50 points approx). Furthermore, since today is the last trading of the week, therefore we have to be quite cautious. As once again, there’s a probability of witnessing some supply pressure in the Market. Last but not the least, as of now it will be very important for us to witness a closing of above 19550 in Nifty. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 28 Jul 2023NIFTY Intraday Trade Setup For 28 Jul 2023 Bullish-Above 19710 Invalid-Below 19660 T-19840 19935 Bearish-Below 19600 Invalid-Above19650 T- 19505 19413 NIFTY has closed on a bearish note with 0.6% cut today. Initially buy triggered as per trade setup which we avoided as it looks weak when it re-tested our buy level near 10 AM. Later 10 o'clock range broke downside below 19811 and gave a trendy move. Meanwhile sell also triggered as per trade setup below 19710 and hit our 1st target (19605) very smoothly. Incase of a gap up tomorrow first approach will be to sell below 1st 5Min candle low for gap filling target. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19710 then we will long for the target of 19840 and 19935. For selling we need a 15 min candle close below 19600. T- 19505 and 19413. 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 27 Jul 2023NIFTY Intraday Trade Setup For 27 Jul 2023 Bullish-Above 19830 Invalid-Below 19780 T- 19935 20045 Bearish- Below 19710 Invalid-Above 19760 T- 19615 19515 NIFTY has closed on a bullish note with 0.5% gain today. Yesterday we discussed that index looks slight bullish by yesterday's closing. It played out very well. Buy triggered as per trade setup above 19710 and hit our 1st target (19825) which was half bat (0.5) PRZ. It acted as a killer resistance in today's market. If NIFTY sustains below 19750 then it will have bearish stance. Above 19830 it will give a breakout towards ATH. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19830 then we will long for the target of 19935 and 20045. For selling we need a 15 min candle close below 19710. T- 19615 and 19515. 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
8
Morning Mantra - 27th July 2023Dear All, Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise the same was observed in the Market, yesterday itself. So as per the current scenario, Nifty somehow seems to be creating a platform in between the levels of 19800-19550. Therefore, in such a situation we have to be stock specific and have to keep rebalancing our portfolio. Moreover, since today is the day of weekly settlement, therefore we have also to be cautious for the day. In the meanwhile, with the stop loss of 19550 , we can continue following the Cherry Picking strategy for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 26 Jul 2023NIFTY Intraday Trade Setup For 26 Jul 2023 Bullish-Above 19710 Invalid-Below 19660 T- 19811 19915 Bearish-Below 19610 Invalid- Above 19660 T- 19515 19413 NIFTY has closed on an absolute flat note today. Nifty has been trading in a falling channel since last 3 sessions. Breakout of this would propel market to give a directional move. Breakout levels are 19710 in the upside and 19610 in the downside, has to sustain in 15 Min TF. We have to be neutral for both side. However it looks a bit ready for upside as per today's closing. Today sell triggered as per trade setup which hit 50 points sl. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19710 then we will long for the target of 19811 and 19915. For selling we need a 15 Min candle close below 19615. T- 19515 and 19413. 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
Morning Mantra - 26th July 2023Dear All, From back to back 2 days, we have been witnessing a supply pressure in Nifty. Where on the other hand, we have also been witnessing a stock specific momentum in the Market. Well on the day chart of Nifty, we can now observe a beautiful hammer formation . So, here we are expecting to witness a bounce back in Nifty, Today . Furthermore, it is being expected that as of now Nifty will continue to make a platform in between its range of 19800-19550. So, for now with the stop loss of 19550, continue Rebalancing your Portfolio and keep following the Cherry Picking Strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya