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Niftyanalysis

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
Morning Mantra - 14th June 2023Dear All, So, we did see the magical impact of Bullish Harami Cross Doji in Yesterday’s Market, as Nifty had successfully made a high of 18728.90 yesterday with a positive green candle on day chart. Well, now it seems that we are very near to witnessing a new high in Nifty.  Wherein, the last week and the previous 2 days of this trading week, are somehow indicating that the overall sentiments of the Market is positive , but Nifty is still in an indecisive mode, as there’s a fight going on between the bull and the bear. So in such a situation, if Nifty crosses over and gives a closing of above 18888 on monthly basis, then yes it will be a beautiful scenario for the bulls. But, as of now we need to be a little cautious at the upper levels, as we are expecting to witness a little supply pressure here. Overall, this week will altogether be very crucial for the Market. Last but not the least, keep Rebalancing your Portfolio, Keep Trading and Keep Investing. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
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