Get started

Niftyanalysis

NIFTY Intraday Trade Setup For 11 May 2023NIFTY Intraday Trade Setup For 11 May 2023 Buy-Above 18330 Sl-18280 T- 18415 18510 Sell-Below 18265 Sl-18315 T- 18205 18125 NIFTY has closed on a slight bullish note with 0.27% gain. It has formed a pin bar in daily TF which shows bullishness. Till now our TSL in long from 17685 is not hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs and there will be sentimental halt which may then initiate the pullback move of the up move. Bullishness likely to continue above today's high. Best case will be on a flat opening. Also there will be panic selling below 18210. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18230 then we will long for the target of 18415 and 18510. For selling we need a 15 Min candle close below 18265. T- 18205. Below 18200 we will test 18125 and lower levels. 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
2
NIFTY Intraday Trade Setup For 10 May 2023NIFTY Intraday Trade Setup For 10 May 2023 Buy-Above 18285 Sl-18235 T- 18350 18435 Sell-Below 18225 Sl-18275 T- 18135 18040 NIFTY has closed on a flat note today. It opened almost flat and buy triggered above 18290 and gave more than 50 points gain which was 1:1. Later a profit booking was seen from day high. This sentiment may continue below today's low- 18229 if sustained. It has given an impulsive move recently so there a possibility of sideways momentum till expiry. Today's high and low are important for a good move on breakout. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18285 then we will long for the target of 18350 and 18435. For selling we need a 15 Min candle close below 18225. T- 18135 and 18040. 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 - 9th May 2023Dear All, So yesterday Nifty reacted just opposite to its previous pattern, which means that in the presence of a shooting star formation it showed a beautiful uprise of approx 200 points. Which altogether lead Nifty to give a positive closing of above 18200. But as of now Nifty is on the edge of its Previous week’s high. So, still we have to wait and watch for a weekly closing of above 18200. Meanwhile, with the support level of 17800, Portfolio Rebalancing will be a good idea here. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 09 May 2023NIFTY Intraday Trade Setup For 09 May 2023 Buy-Above 18290 Sl-18240 T- 18365 18450 Sell-Below 18215 Sl-18265 T- 18135 18055 NIFTY has closed on a bullish sentiment with more than 1% gain today. Index failed to hit our long trailing sl and resumed the uptrend which we are riding. Buy triggered as per trade setup above 18170 and hit our 1st target very smoothly. Trade gave more than 110 points gain (18170-18286+). Index will turn its sentiment to bearish only when we will close below PDL and that red candle's low will be breached. Or else it will head towards ATH. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18290 then we will long for the target of 18365 and 18450. For selling we need a 15 Min candle close below 18215. T- 18135 and 18055. 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 May 2023Dear All, In the last week, we had indeed witnessed a lot of volatility in the Market, where on the one hand we had observed a beautiful breakout of 18200 level on the day basis. While on the other hand, a huge supply pressure was observed on the last trading of the previous week. After which Nifty is now almost very near to its immediate support level of 18000. For now, yes there’s a little disappointment , as we can observe the formation of a shooting star pattern on both the Weekly as well as on Day chart of Nifty. Which altogether is somehow indicating that the Market can face a little pressure in the upcoming days. So yes, now once again it has become very important to witness a closing of above 18200 on day as well as weekly basis. Until then, you can go for Portfolio Rebalancing with the support level of 18000. Below which the level of 17800 will once again become very effective. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 8 May 2023NIFTY Intraday Trade Setup For 8 May 2023 Buy-Above 18170 Sl-18120 T- 18270 18365 Sell-Below 18055 Sl-18105 T- 17957 17873 NIFTY has closed on bearish sentiment last day with 1% cut and almost flat last week. It has formed a shooting star in weekly TF. Below its low- 18055 we will start a small down move which will be the pullback of the mega up move. Pullback move can take NIFTY to 17800 zone. We will resume the bullish momentum if this week's low is safe and we cross 18270. Tomorrow's opening will have a sentiment impact on tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18170 then we will long for the target of 18270 and 18365. For selling we need a 15 Min candle close below 18055. T- 17957 and 17873. 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
Complicated zone for NiftyHii All, Greetings! As we can see in past nifty is in complicated zone. My view is still bullish in Market. Few days back nifty has also completed its Inverted Head & Shoulder Pattern. Currently Nifty is facing Resistance at 18130 levels and has a good support at 17900 levels. Hope to see a good up move in the May 2023. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading
NSE:NIFTYLong
by NikhilChoudhary2023
NIFTY Intraday Trade Setup For 4 May 2023NIFTY Intraday Trade Setup For 4 May 2023 Buy-Above 18117 Sl-18070 T- 18180 18250 Sell-Below 18040 Sl-18090 T- 17945 17855 NIFTY has closed on a slight bearish note with 0.32% cut today. It opened with a slight gap down and sell triggered below 18100. Trade gave more than 50 points gain which was 1:1. It has formed a pin bar in daily charts and closed below PDL. A sentimental halt/reversal will be triggered below its low- 18040. Index will be in a profit booking mode below this. IF its low is safe and we sustain above today's high then bullish sentiment will be intact. We will simply plan our trade on today's range. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 18117 then we will long for the target of 18180 and 18250-65. For selling we need a 15 min candle close below 18040. T- 17945 and 17855. 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 5 May 2023NIFTY Intraday Trade Setup For 5 May 2023 Buy_1-Above 18270 Sl-18220 T- 18365 18450 Buy-_2- 18165 Sl-18115 T- 18260 18320 NIFTY has closed on a bullish sentiment with 0.92% gain. It was a great day as it was clear cut trending and did not panic at all. Buy triggered as per trade setup today. Trade gave more than 150 points points gain and hit both targets (18117-18267+). On 23 Apr it was said that above 17685 we will start the impulsive move. After long triggered it has given non stop rally and more than 550 points gain. If a daily candle closes below PDL and that red candle's low is breached then our TSL will be hit and a sentimental halt will take place in that case. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18270 then we will long for the target of 18365 and 18450. In case we open below today's high and 18165 is tested in the first half then we will long from there for the target of 18260 and 18320. 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 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