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Niftyanalysis

NIFTY Intraday Trade Setup For 17 Jun 2023NIFTY Intraday Trade Setup For 17 Jun 2023 Buy-Above 18760 Sl- 18710 'T- 18823 18890 Sell-Below 18665 T- 18715 T- 18609 18550 NIFTY has closed on a bearish note with 0.36% cut today. It was a bit more volatile than BANKNIFTY as BANKNIFTY moved in a clear cut direction whereas NIFTY moved both way. Firstly buy triggered which hit 50 points sl. Later sell triggered below 18730 and hit our 1st TGT (18730- 18670). It is still inside the rising wedge pattern unlike BANKNIFTY. The breakdown has to be spotted in hourly TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18760 then we will long for the target of 18823 and 18890. For selling we need a 15 Min candle close below 18665. T- 18600 18540. 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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NIFTY Intraday Trade Setup For 15 Jun 2023NIFTY Intraday Trade Setup For 15 Jun 2023 Buy-Above 18770 Sl-18720 T- 18830 18890 Sell-Below 18730 Sl-18780 T- 18675 18615 NIFTY has closed on a bullish note with 0.21% gain today. Buy triggered above 18730 and gave almost 40 points which was slightly less than 1:1. After long triggered above 18460, swing breakout in daily TF. It has been inching towards our target which a fresh ATH. It is moving like a turtle BTW bcs of low VIX. It has moved less than 1.75% in the last 30 days. Momentum will start to kick in only when VIX starts to rise above 14. Above 16 medium length swings and good momentum will be seen in markets again. Till then enjoy slow and choppy momentum. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18770 then we will long for the target of 18830 and 18890. For selling we need a 15 min candle close below 18730. T- 18675 and 18615. 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 - 15th June 2023Dear All, So yesterday was another confused day for the Market. Where on the one hand, the overall sentiments are still positive, while on the other there is a tough fight going on between the bull and the bear. For now, since Today is the crucial Thursday of the crucial week, it will somehow be better to consider today as a “No Trade Day”, and wait for Nifty to make the final decision. Which can be to either give a clear cut breakout as per the Day chart, or to take a Week more to decide its final direction for us. In the meanwhile, keep rebalancing your portfolio here and be stock specific. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 14 Jun 2023NIFTY Intraday Trade Setup For 14 Jun 2023 Buy-Above 18730 Sl-18680 T- 18807 18890 Sell-Below 18680 Sl-18730 T- 18615 18550 NIFTY has closed on a bullish note with 0.62% gain today. Buy triggered as per trade setup above 18635 and hit 1st target (18635- 18728+). It was total sideways the whole day after our 1st target was achieved. It has been updated multiple times that we have to very conservative in targets and have to focus on small RR gains. This type of momentum less market will be active till VIX starts to rise. 18730 and 18680 are important levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18730 then we will long for the target of 18807 and 18890. For selling we need a 15 min candle close below 18680. T- 18615 and 18550. 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 13 Jun 2023NIFTY Intraday Trade Setup For 13 Jun 2023 Buy-Above 18635 Sl-18585 T- 18707 18780 Sell-Below 18555 Sl-18600 T- 18485 18400 NIFTY has closed with a slight gain of 0.21% today. Buy triggered as per trade setup, above 18595 and whole day it slept at cost. It was a complete sideways and momentum less market. This is due to ultra low VIX and after a parabolic move this type of market is common as per market phases. We will simply use today's range to build our trade for the next day. 18635 and 18555 is the range, breakout will give a good directional move. But do not target big and focus on small RR gains. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18635 then we will long for the target of 18707 and 18780. For selling we need a 15 Min candle close below 18555. T- 18485 and 18400. 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 12 Jun 2023NIFTY Intraday Trade Setup For 12 Jun 2023 Buy-Above 18595 Sl-18545 T- 18685 18780 Sell-Below 18555 Sl-18605 T- 18485 18400 NIFTY has closed on a bearish sentiment last week and formed a shooting star in daily charts. The shooting star is not a perfect place to consider for a confirmed short trade. However we can get some down move if we sustain below candle's low- 18550.Important level for short is 18450, below this we get a sell structure then we will plan for a sell trade or else not. This was all about daily TF. Coming to hourly TF, we are at the trendline support. So a bounce small or big is very much possible. We will trade this bounce if we get a bullish reversal price action in 15 Min TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18595 then we will long for the target of 18685 and 18780. For selling we need a 15 Min candle close below 18555. T- 18485 and 18400. 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 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