Get started

Niftyanalysis

Morning Mantra - 5th May 2023Dear All, So finally we had observed a very beautiful movement in Nifty on the day of weekly settlement. Wherein after 2 days, we had finally witnessed a closing of above 18200. For now, if Nifty successfully sustains above the level of 18200 on weekly closing basis then we are very positive for a new high in Nifty with the stop loss of 17800 in the coming days. Therefore, until then keep following the Cherry Picking strategy . Keep Investing! Happy Trading! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 3rd May 2023Dear All, So, Yesterday we had witnessed a beautiful Gap Up Opening in Nifty, just as we had stated in our last Morning Mantra update. Well for now, since Nifty is still trading above the neckline of the inverted head and shoulder, i.e., above the level of 17800 . So, we can now shift our stop loss level from 17300 to 17800 on weekly basis. Furthermore, if the Index sustains above 17800 on weekly closing basis, then we can observe a good rally in the upcoming days. In the meanwhile, keep following the Cherry Picking strategy. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 3 May 2023NIFTY Intraday Trade Setup For 3 May 2023 Buy-Above 18185 Sl-18135 T- 18250 18320 Sell-Below 18100 Sl-18150 T- 17997 17925 NIFTY has closed on a bullish note with 0.46% gain today. While majority was contributed via gap up. It was full sideways within 50 points range almost whole day. This much range bound happened after months. Move likely to come above and below today's low and high. If it sustains below today's low- 18100 then we may proceed towards 17900 zone. Bullish momentum likely to continue above today's high. Sentiment halt will take place when we will close below PDL. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18185 then we will long for the target of 18250 and 18320. For selling we need a 15 Min candle close below 18100. T- 17997 and 17925. 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 - 2nd May 2023Dear All, A New Start of the Month with a New and Fresh Bullish Reversal Pattern on the Monthly Chart of Nifty, i.e., Morning Star Doji, is somehow indicating that Nifty can cross the previous all time high of 18887.60 in the upcoming days. On observing the day chart, Nifty has successfully crossed its neckline of 17800 level. While on the Weekly chart , we can say that this breakout of above 17800 level can now lead Market to 18200 level. Furthermore, as per the Exclusive analysis we can observe that most of the stocks are now having a positive chart setup . So altogether we can say that there’s a positive sentiment in the Market, as of now. Overall, there’s a big thumbs up for Fresh Investment , subject to your risk appetite. Keep Investing ! Happy Trading! Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 02 May 2023NIFTY Intraday Trade Setup For 02 May 2023 Buy-Above 18090 Sl-18040 T-18155 18220 Sell-Below 17980 Sl-18030 T-17910 17847 NIFTY closed on a bullish sentiment with 0.84% and 2.5% last day and week respectively. Last week it was said that above 17685 we will start a fresh impulse. After long triggered above 17685 we have got 400 points gain. We will keep riding this with PDL (CB) as trailing sl. Bullishness likely to continue above 18100 if sustained this week. Sentimental halt possibility will be there when we will close below PDL. We are heading towards all time high in the short term. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18090 then we will long for the target of 18155 and 18220. For selling we need a 15 Min candle close below 17980. T- 17910 and 17847. 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 - 28th April 2023Dear All, We had witnessed a very beautiful day yesterday. Wherein finally we had seen a breakout of the 17800 level on closing basis, as Nifty made a closing of 17915.05 Besides, on another positive note , Nifty is almost near to its Morning Star formation on its Monthly Chart. These are indeed very good sign for the Market in the long-run . Furthermore, as per the current market situation, it is being expected that Nifty can even show us the level of 18130 very soon So, overall the Market momentum is somehow looking very positive as of now. With an inverted head & shoulder and breakout of its neckline around 17800 . Also, the result season seems to be adding up to this positivity . For now, the conservative players can start accumulating from the Market. Last but not the least, Best wishes to all for the May Month. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 28 Apr 2023NIFTY Intraday Trade Setup For 28 Apr 2023 Buy-Above 17935 Sl-17885 T- 18035 18140 Sell-Below 17855 Sl-17905 T- 17765 17670 NIFTY has closed on a bullish note with 0.57% gain today. It was another fantastic day for bulls. Buy triggered as per trade setup above 17830 and hit our 1st target very smoothly. Trade gave more than 100 points (17830-17931) which was 1:2. Last week it was said that above 17685 we will start a fresh impulse in the upside with power. Till now it has given very smooth profit after 17685 was triggered (17685-17935+). Bullishness once again likely to continue above today's high. Coming to Friday's trade setup, if index opens flat and 15 Min candle closes above 17935 then we will long for the target of 18035 and 18140. For selling we need a 15 min candle close below 17855. T- 17765 and 17670. 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 - 27th April 2023Dear All, So, Finally yesterday we got to witness a closing of just above the level of 17800 , i.e., around 17813.60 But somehow this closing does not seem to provide much conviction. Besides, on observing the formation of a Hanging Man pattern on the day chart of Nifty, raises the need to stay cautious here. Yes, this need of cautiousness is expected to exist for this week, as we had already stated in the Monday’s Morning Mantra update. As of now, following the Cherry picking strategy and booking profit will be a good idea here. Furthermore, let us wait for 2 more trading days and keep our fingers crossed for a convictional weekly closing of above 17800. As only after that, we can expect to see the level of 18130 in the near term. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 27 Apr 2023NIFTY Intraday Trade Setup For 27 Apr 2023 Buy-Above 17830 Sl-17780 T- 17906 17978 Sell-Below 17765 Sl-17815 T- 17688 17610 NIFTY has closed on a bullish sentiment with 0.25% gain today. Bullishness likely to continue above today's high. We will simply align with the trend and ride the trend with TSL as previous swing lows in 5/15 Min TF. Today sell triggered below 17745 as per trade setup, meanwhile it was updated to exit at cost as it took support from the trendline plotted. If not then it it hit 50 points sl. We have to always be prompt with the market dynamics. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17830 then we will long for the target of 17906 and 17978. For selling we need a 15 Min candle close below 17765. T- 17688 and 17610. 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 - 26th April 2023Dear All, So finally yesterday, Nifty had touched the level of 17800 . However, being unable to sustain over the same, it failed to give us a closing of above the stated level, and ultimately we got to witness a closing of 17769 approx. Besides that, we had also witnessed a selling pressure in many of the stocks, yesterday. Well Just as we had already stated in our Monday’s Morning Mantra update , regarding our expectation of this week being crucial . Similarly, the presence of the Doji formation on the chart of Nifty is somehow indicating the probability of witnessing a reversal in the Market , as of now. So be cautious! In the meanwhile, the aggressive players can continue to consider the level of 17300 as the level of stop loss. While the conservative players will still have to wait in order to witness a beautiful and a strong closing of above 17800. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 26 Apr 2023NIFTY Intraday Trade Setup For 26 Apr 2023 Buy-Above 17810 Sl-17760 T- 17910 18025 Sell-Below 17745 Sl-17795 T- 17670 17610 NIFTY has closed with a slight positive gain today. It has formed a spinning top candle which is a sign of indecision. Market is still in consolidation mode and waiting for some trigger on chart. Today buy triggered above 17755 and gave a move till 17807 which was almost 1:1. It is likely to show good upside momentum above 17810. If 17710 is sustained in the downside then we can slide till some extent. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17810 then we will long for the target of 17910 and 18025. For selling we need a 15 Min candle close below 17745. T- 17670 and 17610. 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 25 Apr 2023NIFTY Intraday Trade Setup For 25 Apr 2023 Buy-Above 17755 Sl-17705 T-17832 17910 Sell-Below 17690 Sl-17940 T- 17610 17550 NIFTY has closed on a bullish sentiment with 0.68% gain today . It opened with a decent gap up and sold off right after opening. Buy triggered 17665 after 12:45 and gave a non stop rally till 17554. On weekend we discussed that index can take any direction from last week's close. We planned a short below 17550 which was not tested. We also discussed that above 17665 if sustained we can start a fresh impulse and reason behind the parabolic up move was this - 'fresh impulse'. Bullishness likely to continue above today's high. Major downside structure opens only below 17550. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17755 then we will long for the target of 17832 and 17910. For selling we need a 15 Min candle close below 17690. T- 17610 and 17555. 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 - 24th April 2023Dear All, It will somehow be a very crucial week for us, as we can observe a bearish engulfing pattern on the weekly chart of Nifty. Also, a strong Resistance is being faced at the level of 17800 . So, as of now we have two sides, i.e., to consider the level of 17300 as a level of support and the other being, to enter the Market after witnessing a weekly closing of above 17800, with more confidence and more positive volume. Still we are with our words, that the aggressive market participants can keep following the Cherry Picking strategy with the stop loss of 17300 , and the conservative participants can wait for a breakout of 17800 level, for any fresh buying. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 24 Apr 2023NIFTY Intraday Trade Setup For 24 Apr 2023 Buy-Above 17665 Sl-17615 T- 17790 17910 Sell-Below 17550 Sl-17600 T- 17450 17370 NIFTY closed on a bearish sentiment last week with 1% cut. On Friday it closed absolutely flat. Last week it was clearly said that a pullback is very much possible and with no surprise we witnessed more around 1.5% fall this week. Moreover it was sideways on close to close basis the last 4 sessions. It has formed a descending triangle in hourly TF, its base line is 17550. Breakdown of this will extend the down move near 17320-40. However the last candle is a small pinbar. Above 17685 if sustained then we may start an impulse. Let market decide which side it sustains. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17665 then we will long for the target of 17790 and 17910. For selling we need a 15 Min candle close below 17550. T- 17450 and 17370. 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