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Niftyanalysis

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
NIFTY Intraday Trade Setup For 29 May 2023NIFTY Intraday Trade Setup For 29 May 2023 Buy-Above 18510 Sl-18460 T- 18610 18730 Sell-Below 18440 Sl-18490 T- 18369 18275 NIFTY has closed on a bullish sentiment last week and day with 1.63% and 0.97% gain respectively. Last week for the 4 sessions out of 5 index was inside previous week range and the hourly range told. On last day of the week it broke the upper range 18460 and closed above that. We are likely to hit a fresh ATH , near 19000+. We need to follow hourly structure for riding it. Bullishness likely to continue above last day's high if sustained and this scenario will be best suited on flat opening. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18510 then we will long for the target of 18610 and 18730. For selling we need a 15 Min candle close below 18440. T- 18369 and 18275. 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 -- 3 BLACK CROWS vs MORNING STAR Chart patterns looks interesting from both bull and bearish point of view REASONS BEARISH VIEW 1. 3 Black crows (perfect closing) with rise in volumes ( www.tradingview.com) 2. February monthly candle looks like BREAKDOWN candle with low tested the next month 3. Weekly H&S pattern in progress 4. Bullish flag Breakout candle (october 2022 candle) low got tested....sign of bears strength BULLISH VIEW 1. Overall it is in uptrend(making higher highs and higher lows) 2. Morning star pattern (www.tradingview.com) 3. DAILY time frame Inverted H&S pattern given Breakout 4. April 2023 candle looks like a breakout candle (volume only concern) Let's wait and watch whether it is bulls or bears turn !!!! NOTE- Just Sharing my view....not a tip nor advice!!!! - mmjimm
NSE:NIFTY
by mmjimm
NIFTY Intraday Trade Setup For 26 May 2023NIFTY Intraday Trade Setup For 26 May 2023 Buy-Above 18340 Sl-18290 T- 18425 18527 Sell-Below 18200 Sl-18250 T- 18125 18050 NIFTY has closed with a slight gain with 0.2% gain today. Sell triggered as per trade setup below 18260 and gave more than 50 points gain which was 1:1. It was already said yesterday that to trail with RR. There was a sharp buying momentum from day low and it closed at day high. We can expect this bullish momentum continuation above 18340. Incase a pullback it can test 18257 and may act as support. Unlike BANKNIFTY the weekly and hourly levels are untouched. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18340 then we will long for the target of 18425 and 18527. For selling we need a 15 min candle close below 18200. T- 18125 and 18050. 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
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