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.
Niftyanalysis
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.
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.
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Thankyou,
Regards
Rahul Pal
Disclaimer:- Always do your own analysis or consult with your financial advisor before taking any kind of trades.
#NIFTY Intraday Support and Resistance Levels - 15/06/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 18770 level and then possible upside rally up to 18900 in today's session. in case nifty trades below 18740 level then the downside target can go up to the 18620 level.
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
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.
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.
#NIFTY Intraday Support and Resistance Levels - 23/06/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 18750 level and then possible downside rally up to 18630 in today's session. in case nifty trades above 18800 level then the upside target can go up to the 18930 level.
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
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.
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
NIFTY Intraday Trade Setup For 22 Jun 2023NIFTY Intraday Trade Setup For 22 Jun 2023
Buy-Above 18880
Sl-18830
T- 18967 19058
Sell-Below 18790
Sl-18840
T- 18721 18649
NIFTY has closed with slight bullish sentiment with 0.21% gain today. Buy triggered as per trade setup today and it gave small gain and eventually closed slightly above buying price. Tomorrow we will follow the range of today's high and low. Directional momentum can be triggered any side above and below 18880 and 18790. It will be sideways between this range. Important resistance is 19060 and 18650 being the support for tomorrow's session.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 18880 then we will long for the target of 18967 and 19058.
For selling we need a 15 Min candle close below 18790. T- 18721 and 18650.
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.
Morning Mantra - 21st June 2023Dear All,
Just as we had stated yesterday, similarly almost both of our statements were proven to be absolutely on point yesterday itself.
That is, after witnessing a fall in the Market, we did also witness a good recovery in Nifty, thereafter.
Well as of now, as per the Day chart setup of Nifty, we can observe the formation of a Hammer pattern. Besides, currently we are once again very near to the level of 18888.
Therefore, we are expecting that somehow by this week, Nifty can show us a crossover of above this crucial Resistance level of 18888.
Last but not the least, on a special note, since the Market is very near to its New High, we must continue Rebalancing our Portfolio.
Keep Trading!
Keep Investing!
Regards,
Alok Daiya
SEBI Registered Research Analyst
NIFTY Intraday Trade Setup For 21 Jun 2023NIFTY Intraday Trade Setup For 21 Jun 2023
Buy-Above 18840
Sl-18790
T- 18950 19058
Sell-Below 18755
Sl-18805
T- 18649 18550
NIFTY has closed on a bullish note with 0.33% gain today. We have built a long position @ 18460 for the target of a fresh ATH. We are at striking distance to our target. Yesterday it was clearly said that we may give a breakdown of the rising wedge pattern in hourly TF but we will not consider that. We will consider only when we get a bearish price structure in daily TF. Exactly same was followed. It gave a breakdown of the rising wedge pattern and reversed completely. 18840 and 18755 are the important levels for tomorrow's session.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 18840 then we will long for the target of 18950 and 19058.
For selling we need a 15 Min candle close below 18755. T- 18649 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.
#NIFTY Intraday Support and Resistance Levels - 20/06/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 18740 level and then possible downside rally up to 18620 in today's session. in case nifty trades above 18770 level then the upside target can go up to the 18880 level.
Morning Mantra - 20th June 2023Dear All,
Even after making a high of 18881.45 yesterday, Nifty had somehow failed to crossover the level of 18888 that we had stated on the 14th of June, 2023 as well as yesterday.
Moreover, as per the Day chart setup, we can now observe the formation of a Dark Cloud Cover, which being a bearish indicator can bring some weakness in the Market as of now.
While on the other hand, as per the hourly chart setup, we are quite optimistic about witnessing a bounce back Today.
So overall, Today will be a very crucial day for the Market, once again. Besides, one might wonder the reason behind witnessing so many crucial days. Well that’s because we are now very near to the Fresh New High, where it is quite natural to witness a huge volatility at the upper levels.
Therefore, as of now, we have to stay cautious and continue rebalancing your portfolio along with following the Cherry picking methodology.
Last but not the least, with the support level of 18400 we are quite optimistic for the Market. On the other hand, the level of 18888 remains to be the crucial Resistance level for the Market, as of now.
Regards,
Alok Daiya
SEBI Registered Research Analyst
NIFTY Intraday Trade Setup For 20 Jun 2023NIFTY Intraday Trade Setup For 20 Jun 2023
Buy-Above 18800
Sl-18750
T- 18890 18975
Sell-Below 18715
Sl-18765
T- 18649 18580
NIFTY has closed on a bearish note with 0.37% cut today. It was in a selling mode since the 1st candle. Sell triggered below 18805 and hit our 1st target very smoothly. Trade gave more than 80 points gain. Index is sideways inside the rising wedge consolidation. Below today's low - 18715 there will be a breakdown scenario of the rising wedge pattern in hourly TF. However we need a proper reversal structure in daily TF to consider that. Above 18800 we will hit a fresh ATH near 19058.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18800 then we will long for the target of 18890 and 18975.
For selling we need a 15 Min candle close below 18715. T- 18649 and 18580.
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.
#NIFTY Intraday Support and Resistance Levels - 19/06/2023Nifty will be FLAT opening in today's session. After opening nifty start trading above 18830 level and then possible upside rally up to 18950 in today's session. in case nifty trades below 18800 level then the downside target can go up to the 18680 level.
NIFTY Intraday Trade Setup For 19 Jun 2023NIFTY Intraday Trade Setup For 19 Jun 2023
Buy-Above 18865
Sl-18815
T- 18935 19020
Sell-Below 18805
Sl-18855
T- 18745 18670
NIFTY has closed on a bullish note with 1.41% gain last week. Last week we discussed that we were at the hourly trendline support. This week support was taken and we rallied in a slight zig-zag way. On 26 May , long triggered @ 18460 on the daily swing breakout. Till now we have got 400 points gain. 1st target is a fresh ATH which is already discussed multiple times. We are at striking distance to our 1st target. No sign of bearishness till we break the hourly trendline support. Also sentiment will reverse when we will close below previous week's low.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18865 then we will long for the target of 18935 19020.
For selling we need a 15 Min candle close below 18805. T- 18745 and 18670.
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.
Nifty Weekly AnalysisOn the weekly time frame the index NSE:NIFTY is trading within a triangle pattern.
The triangle resistance is placed at 19021 which us next target also.
Sustaining above 19000 can lead to further gain however a healthy correction or retracement will make this up move more strong.
Sentiments - Bullish
Price action - Bullish
Fear & greed - Greed
Immediate support 18600
Immediate resistance 19000
NIFTY Intraday Trade Setup For 17 Jun 2023NIFTY Intraday Trade Setup For 17 Jun 2023
Buy-Above 18760
Sl- 18710
'T- 18823 18890
Sell-Below 18665
T- 18715
T- 18609 18550
NIFTY has closed on a bearish note with 0.36% cut today. It was a bit more volatile than BANKNIFTY as BANKNIFTY moved in a clear cut direction whereas NIFTY moved both way. Firstly buy triggered which hit 50 points sl. Later sell triggered below 18730 and hit our 1st TGT (18730- 18670). It is still inside the rising wedge pattern unlike BANKNIFTY. The breakdown has to be spotted in hourly TF.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18760 then we will long for the target of 18823 and 18890.
For selling we need a 15 Min candle close below 18665. T- 18600 18540.
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.