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Niftyanalysis

Morning Mantra - 14th July 2023Dear All, Yesterday was another day of witnessing a major supply from upper levels in Nifty. After which, we can now observe a red candle on the chart once again. Today, being the last trading of the week, we have to specially mention about the weekly body pattern, formed until yesterday, which is like a Doji formation. So, observing a Doji after a shooting star on weekly basis is somehow indicating the fight that has been going on between the bull and the bear. Altogether, this is a clear indication that we now need a weekly closing higher than that of the previous week. Therefore, we are still with our words, that for a clear cut indication, we now need to witness either a fresh breakout of 19550 or a breakdown of 19300 from Nifty. Until then, continue rebalancing your portfolio and keep following the Cherry picking strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 14 Jul 2023NIFTY Intraday Trade Setup For 14 Jul 2023 Buy-Above 19485 Sl-19435 T- 19570 19657 Sell-Below 19385 Sl-19435 T- 19271 19181 NIFTY has closed almost on a flat note today. But triggered as per trade setup above 19520 and gave 1:1 target. Later usual behaviour of the week - sell the rise kicked in. Daily swing breakout above 19525 did not happen today. So now the breakout level in daily TF is above 19570. In hourly TF it is forming a rising wedge formation; breakout yet to happen any side. Moreover it was a total consolidation market this week. We can expect a trendy move in the next week only. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19485 then we will long for the target of 19570 and 19657. For selling we need a 15 Min candle close below 19385. T- 19271 and 19181. 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 - 13th July 2023Dear All, As Nifty made a low of 19361.75 and a high of 19507.70 yesterday, it is very apparent how Nifty is still confused between the levels of 19300 and 19550, just as we had stated yesterday itself. Now as the Result season is on, so it is better to be stock specific. Besides, since today is the day of weekly settlement, so we also have to be quite cautious here, and have to wait for an either side movement in Nifty, i.e., either a breakout of 19550 or breakdown of 19300. In the meanwhile, keep following the Cherry Picking Strategy with the stop loss of 19300 and 18700. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
2
NIFTY Intraday Trade Setup For 13 Jul 2023NIFTY Intraday Trade Setup For 13 Jul 2023 Buy-Above 19520 Sl- 19470 T- 19630 19745 Sell-Below 19360 Sl- 19410 T- 19271 19181 NIFTY has closed on a bearish sentiment with 0.28% cut today. It has closed below PDL so today's low is very important. If today's low is breached then our TSL in long will be hit. Also there can be change in trend and sentiment on TSL. The next bullish momentum will be triggered above 19525. Moreover this week is turning declined sideways. Sell triggered at the time of closing so no trade was triggered as per trade setup. However 10 o'clock range broke downside and gave around 70 points. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19520 then we will long for the target of 19630 and 19745. For selling we need a 15 Min candle close below 19360. T- 19271 and 19181. 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 - 12th July 2023Dear All, After observing yesterday’s Market, we can see that the fight between the bull and the bear is still on. So, in order to witness a further uprise, we need to witness a fresh new closing from Nifty. Where, on the other hand, if Nifty breaks the level of 19300, then it can take a pause at around the level of 19200. Overall, we now need to witness an either side movement from Nifty, i.e., either a breakout of the 19550 level, or a breakdown of 19300 level. So, until Nifty is trading between the levels of 19550-19300 , we can keep Rebalancing our Portfolio, along with being a little cautious here, as the season of Results has started. Last but not the least, it is being observed that most of the stocks are either at their fresh new high, or are trading near their breakout levels. So, it is indeed a good time for some Cherry picking, here. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 12 Jul 2023NIFTY Intraday Trade Setup For 12 Jul 2023 Buy-Above 19520 Sl-19470 T- 19630 19745 Sell-Below 19400 Sl-19450 T- 19290 19181 NIFTY has closed with 0.43% gain today. Buy triggered as per trade setup above 19410 and hit our 1st target very smoothly (19410-19515). 19500 region was our target and it totally crashed after that. It has closed with positive gains but it ended on a bearish note. Below 19400 there can be good selling pressure as per the shooting star candle in daily TF. Above 19520-25 we will give a sharp rally. Also our TSL in long from 18640 is still intact. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19520 then we will long for the target of 19630 and 19745. For selling we need a 15 Min candle close below 19400. T- 19290 and 19181. 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 11 July 2023NIFTY Intraday Trade Setup For 11 July 2023 Buy-Above 19410 Sl-19360 T- 19500 19620 Sell-Below 19325 Sl-19375 T- 19225 19123 NIFTY has closed almost flat today with slight gain of 0.12% gain today. It formed an inside candle in daily TF which is a sign of contraction/consolidation. Today was an important day for our swing long position as Friday's low was our TSL. Now we need another candle which closes below PDL for our TSL. It was a volatile session since opening. Buy triggered as per trade setup which hit sl. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19410 then we will long for the target of 19500+ and 19620 above 19525. For selling we need a 15 Min candle close below 19325. T- 19225 and 19123. 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 - 10th July 2023Dear All, In the previous week, we had overall witnessed a mixed momentum in the Market. Where on the one hand, Nifty had made a Fresh New High of 19523.60, and on the other hand it also showed us a significant supply pressure. Although, this supply pressure witnessed at the upper levels, in the previous week was quite natural, as the Market was at its Fresh New High. Well for now, we can observe a Shooting Star formation on the Day as well as Weekly chart of Nifty. So here again, we are expecting to witness a little selling pressure. But somehow on the positive note, it is being expected that BankNifty can play a crucial role, this week as well. Therefore, now we have to give some time to the Market to take a pause, and both the Traders as well as the Investors, need to patiently watch for the final Market Momentum, throughout this crucial week. Besides, we are still with our words that with the stop loss of 19200 and 18700, keep 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 10 Jul 2023NIFTY Intraday Trade Setup For 10 Jul 2023 Buy-Above 19420 Sl-19370 T- 19523 19620 Sell-Below 19300 Sl-19350 T- 19213 19121 NIFTY has created a bearish sentiment on Friday ending the day with 0.85% cut. We have longed from 18460 and its TSL we followed is still intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit. On Friday it closed below PDL and now if it breaks its low- 19300 then our TSL will be hit and will exit the longs. Next bullish momentum above 19525. For a sell it has to make a bearish price structure in daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19420 then we will long. T- 18523 19620. For selling we need a 15 Min candle close below 19300. T- 19213 and 19121. 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 July 2023Dear All, So yesterday, we had witnessed a very beautiful momentum in Nifty. Where even after back to back 2 Doji formations, instead of showing a Reversal, Nifty fortunately took it positively and gave us an all time high closing of 19497.30 So, as per Technical Analysis, Market sentiments still seems to be positive, as of now. However, if in case Nifty takes any pull back towards the level of 19200, then that can be taken as an opportunity for Cherry picking with the stop loss of 18700, for the upcoming days. Furthermore, since today is the last trading day of this wonderful week, therefore we need to be a little cautious here. In the meanwhile, keep rebalancing your portfolio, as this is the only way to keep your portfolio healthy, as of now. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 07 Jul 2023NIFTY Intraday Trade Setup For 07 Jul 2023 Buy-Above 19515 Sl-19465 T- 19606 19717 Sell-Below 19430 Sl-19480 T- 19339 19253 NIFTY has closed on a positive note with 0.51% gain today. Yesterday it was mentioned that on a flat opening bullishness will be there from first half. It opened almost flat and buy triggered above 19435 and 1st target was almost achieved (19435-19512+). Now we have a small trendline resistance in 15 Min TF. Above this once again bullish momentum will kick in. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 19515 and 19430 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19515 then we will long for the target of 19606 and 19717. For selling we need a 15 Min candle close below 19430. T- 19339 and 19253. 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 - 6th July 2023Dear All, Once again we can see a Doji formation on the Day chart of Nifty. So, yes it is a significant indication that Nifty can take a pause from this rally. But we are still with our words that the overall market sentiments seems to be positive with the stop loss of 19200 as of now. Furthermore, every pull back can be a good opportunity for Cherry Picking along with the stop loss of 18700. Last but not the least, Today is an important day , since it is a day of Weekly Settlement. Therefore be cautious , be stock specific and keep rebalancing your portfolio as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 06 Jul 2023NIFTY Intraday Trade Setup For 06 Jul 2023 Buy-Above 19435 Sl-19385 T- 19527 19620 Sell-Below 19335 Sl-19385 T- 19253 19175 NIFTY has closed on a complete flat note today. It has formed an inside candle in daily TF. It was a complete rangebound session with momentum almost cemented. It has formed a range in 15 Min TF. Breakout of 19435 and 19335 will give us a trendy move. On a flat opening it may maintain a bullish stance in the first half. session. Sentiment is bullish across TF, slight sentimental change will be there when we close below PDL and that red candle's low is breached. That is also the TSL for our swing low position. Coming to Thursday's trade setup, if index opens flat and a 15 min candle close above 19435 then we will long for the target of 19527 and 19620. For selling we need a 15 min candle close below 19335. T- 19253 and 19175. 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
Nifty50 Analysis! Trend Reversal is on the way!NIFTY50 Daily Analysis! Head and Shoulder Pattern Formation in NIFTY 50! Head and Shoulder Pattern Breakout in NIFTY 50. Currently Retesting! NIFTY 50 was clearly in a Downtrend till 28th March. Nifty has moved in downtrend is about 4 months. From December 1 Nifty is falling like anything. After that Nifty started moving upwards. Now Nifty has made a nice Head and Shoulder Pattern on a Daily Timeframe and it started retesting to its support level 18069. Scenario 1 = If Nifty took support at its recent level 18069 which is also one of the important Fib levels 1.618(Nifty will move up to 18369.30 ) = UP Scenario 2 = If Nifty breaks above level(Nifty will move down up to 17900 which is Neckline extended support trendline ) = DOWN Scenario 3 = If Nifty breaks above level(Nifty will move down up to 17557.40 which is a major swing level) = DOWN Rest of the Analysis you will find on chart. I have done all the possible Analysis on the chart which took lots of time. If you like this Analysis please support this Analysis. I hope you will lean something about Technical Analysis from this chart. Thank you all for your Support! Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:NIFTYLong
by Avinash9087
42
Morning Mantra - 5th July 2023Dear All, We can now observe a Doji formation on the chart of Nifty here at upper level. Which can give a pause to this rally as of now. So in such a situation, we might get to witness some pull back in Nifty. But again the overall market sentiments is quite positive. Where the support levels of 18700 and 19200 will be very crucial for us. In the meanwhile, keep following the Cherry picking strategy and keep Rebalancing your Portfolio with the stated support levels, as of now. As Nifty is in an open territory, which indicates that anything can happen in the Market as of now. So don’t Miss the rally and be cautious along with being stock specific. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya