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Niftyanalysis

NIFTY Intraday Trade Setup For 09 Jun 2023NIFTY Intraday Trade Setup For 09 Jun 2023 Buy-Above 18725 Sl- 18775 T- 18810 18895 Sell-Below 18615 Sl-18665 T- 18523 18450 NIFTY has closed on a bearish note with almost 0.50% cut today. It opened flat and buy triggered above 18740 and gave small momentum in upside till 18777 then fell sharply which hit sl in long side. Later 10 o'clock range broke below 18723 and gave a one way move till 18616 which was more than 100 points gain. Bearishness may continue below today's low- 18615. Also we have to be alert for reversal if there a reversal price structure in 5/15 Min TF. Important resistance is 18725. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18725 then we will long for the target of 18810 and 18895. For selling we need a 15 min candle close below 18615. T- 18523 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
Morning Mantra - 8th June 2023Dear All, After lots of Doji formation, we have now finally observed a bullish candle on the chart of Nifty. So, as of now it seems that we are very near to witnessing a new high. Yes, it’s a crucial stage for every Trader & Investor. So, apart from being happy we also have to be a little cautious here. As at a New High, it somehow becomes the matter of a Psychological Effect, wherein even a selling pressure can be observed in such a situation. Although, the best part is that we have already been stating to keep Rebalancing your Portfolio since 1-2 weeks, because it is good to do so at any major event like New High, Budget etc Overall, as of now, be cautious, keep rebalancing your portfolio and keep following the Cherry Picking strategy with an immediate stop loss of 18400 and 18200. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 8 Jun 2023NIFTY Intraday Trade Setup For 8 Jun 2023 Buy-Above 18740 Sl- 18690 T- 18817 18895 Sell-Below 18660 Sl-18710 T- 18593 18523 NIFTY has closed on a bullish note with 0.68% today. Last day we already anticipated that we will have a good upside movement with good momentum above 18625. It was clearly said last day that the best trade and high probability trade is in upside. It opened with a decent gap up above the buy level and then 10 o'clock range broke upside above 18676 and gave one way move till 18730. Also our positional trade was triggered above 18460 , initial we planned was a fresh ATH. Now we are at a striking distance to target. Once again we can expect good momentum above today's high - 18740. Below 18660 intraday selling will be planned tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18740 then we will long for the target of 18817 and 18895. For selling we need a 15 Min candle close below 18640. T-18593 and 18523. 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 - 7th June 2023Dear All, The back to back Doji formations at this upper level is clearly showing a fight between the bull and the bear. Even yesterday we had observed a Doji formation on the Day chart of Nifty. So, currently we have to wait for an either side of breakout above 18600 or breakdown below 18400 . In the meanwhile, continue rebalancing your portfolio and keep following the Cherry Picking strategy. Also, avoid exposure trading, for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 07 Jun 2023NIFTY Intraday Trade Setup For 07 Jun 2023 Buy-Above 18625 Sl- 18575 T- 18720 18800 Sell-Below 18530 Sl-18580 T- 18450 18380 NIFTY has closed on a flat note today. It has been updating almost everyday that we are inside the hourly and daily range and we will have only sideways momentum till we trade between 18670 and 18460. Today it opened almost flat and a sell triggered below 18580 and gave 50 points which was 1:1. In this sideways market and ultra low VIX environment we can expect small moves only. Tomorrow there can be good upside movement will good momentum above today's high. High probability trade is in upside. Below 18530 we will plan for sell. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18625 then we will long for the target of 18720 and 18800. For selling we need a 15 Min candle close below 18530. T- 18450 and 18380. 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 06 Jun 2023NIFTY Intraday Trade Setup For 06 Jun 2023 Buy-Above 18641 Sl-18590 T- 18730 18820 Sell-Below 18580 Sl-18630 T- 18495 18409 NIFTY has closed with a 0.32% gain today. Although it closed with gain it ended the day with bearish sentiment as it closed near day low and all the gains were contributed by gap up. Index is inside the daily range of 18670 and 18460. Index will be trading on sideways note till we are inside the broader range. Tomorrow we will trade above and below today's high and low. Today it opened above our buy level with a decent gap up. It was inside the 10 o'clock range whole day. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18641 then we will long for the target of 18730 and 18820. For selling we need a 15 Min candle close below 18580. T- 18495 and 18409. 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 - 5th June 2023Dear All, We can see that the Market is currently trading in a consolidation zone. Wherein, it can be observed that there’s a fight going on between the bull and the bear at this level. However, on a positive note we did get a weekly closing of above 18400 on the Last Friday. So overall, with this positive Market Sentiment, we are still with our words that with the stop loss of 18400 on immediate basis and 18200 on the medium term basis, continue Rebalancing your Portfolio and keep following the Cherry picking strategy , as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 05 June 2023NIFTY Intraday Trade Setup For 05 June 2023 Buy-Above 18581 Sl- 18530 T- 18668 18745 Sell- Below 18460 Sl-18510 T- 18367 18273 NIFTY has closed with a slight gain of 0.19% last week and formed a neutral candle last week. Last week we gave the swing breakout of 18460 then after a small follow up we entered into a pullback consolidation, kind of CIP. Now we have a trendline in hourly TF , breakout above 18581. Above this level we may initiate a fresh rally. 18670 is the main turning point in daily chart. above that we will hit a fresh ATH. Below 18460 , breakout may fade up and we may slip to lower levels. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18581 then we will long for the target of 18668 and 18745. For selling we need a 15 Min candle close below 18460. T- 18367 and 18273. 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 02 Jun 2023NIFTY Intraday Trade Setup For 02 Jun 2023 Buy-Above 18581 Sl-18530 T- 18665 18745 Sell-Below 18460 Sl-18500 T- 18383 18273 NIFTY has closed once again on bearish note with 0.25% cut today. Today buy level was tested but did not sustain in 15 Min TF, hence buy was not active. Below today's low bearish momentum will continue. Next bullish momentum will be triggered above 18670. This will give us a fresh ATH and the road to 19100. Bearish sentiment will be on till we get a bullish price structure in 15 and 1 hour TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18581 then we will long for the target of 18660 and 18745. For selling we need a 15 Min candle close below 18460.T- 18383 and 18273. 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 1 Jun 2023NIFTY Intraday Trade Setup For 1 Jun 2023 Buy-Above 18570 Sl-18520 T- 18660 18745 Sell-Below 18480 Sl-18530 T- 18369 18273 NIFTY has closed on a bearish note with 0.53% cut today. It opened with a gap down below our sell level. 1st target was achieved as per the trade setup. 10 o'clock range broke downside below 18543 and gave a good trendy move (18543-18484). Almost 1:2 was achieved in this trade. Today's low is very important. Below today's low we may start the pullback move in daily TF. In case we break 18665 in the higher side then we will hit a fresh ATH. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18570 then we will long for the target of 18660 and 18745. For selling we need a 15 Min candle close below 18480. T- 18369 and 18273. 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 31 May 2023NIFTY Intraday Trade Setup For 31 May 2023 Buy-Above 18665 Sl-18615 T- 18741 18820 Sell-Below 18615 Sl-18665 T- 18519 18444 NIFTY has once again closed with slight bullishness with 0.19% gain today. It opened flat and buy triggered as per trade setup and hit sl. Then it turned total sideways for the rest of the day. Index has been in a complete sideways mode for the last two sessions. Scalping is the only thing we have to stick in this sideways and low VIX market. 18615 and 18665 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 18665 then we will long for the target of 18741 and 18820. For selling we need a 15 Min candle close below 18615. T- 18519 and 18444. 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 - 30th May 2023Dear All, What a beautiful day it was yesterday. Starting with a Gap Up Opening, we did also observe the Market sentiments becoming more positive. However, since there was a choppy sideways movement in Nifty for almost the entire day, yesterday. Consequently we can now also observe the formation of a Cross Doji pattern on the Day chart of Nifty, which is indicating the indecision mood of market at this level. Now, the level of 18600 will play a very crucial Role in the Market. Wherein, the effect of Portfolio Rebalancing will also be visible. Besides, it will indeed be a good idea to keep following this strategy of rebalancing your Portfolio here. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 30 May 2023NIFTY Intraday Trade Setup For 30 May 2023 Buy-Above 18645 Sl-18595 T- 18730 18820 Sell-Below 18580 Sl-18630 T- 18490 18409 NIFTY has closed with 0.54% gain today. On weekend we discussed that index is ready for the next bullish momentum which will give a fresh ATH. Bullish moves are mostly hard to enter mid way as mostly they are pulled by huge gap ups. Today it opened with a big gap up and then it turned total sideways. Whole day it traded inside the 10 o'clock range. Approach will be to buy the dips with proper reversal structure in 15 Min TF. We will wait for a CIP if we get in hourly TF. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18645 then we will long for the target of 18730 and 1880. For selling we need a 15 Min candle close below 18580. T- 18490 and 18409. 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