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Niftyanalysis

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
3
Morning Mantra - 25th May Dear All, So, we had seen another day of observing a Doji formation on the Day chart of Nifty. Yes, somehow the Market is in sideways currently, creating confusion between the levels of 18400 and 18200. However, we are still with our words that with the stop loss of 17800, we will go for Portfolio Rebalancing and Cherry picking strategy, which is a good idea, as of now. Furthermore, until the time, Nifty is trading above 18200, it is a indeed a positive sign. Whereas, on the other hand, if the index breaks this level on weekly basis , then we will have to re-think about our another strategy, for the upcoming days. Keep Trading! Keep Investing! Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 25 May 2023NIFTY Intraday Trade Setup For 25 May 2023 Buy-Above 18326 Sl- 18275 T- 18425 18527 Sell-Below 18260 Sl- 18310 T- 18175 18100 NIFTY has closed on a slight bearish note with 0.34% cut today. It opened with a decent gap down opening and 10 o'clock range broke upside above 18357 and gave around 35 points gain. However when sell triggered below 18320 it gave a good momentum gain of 55 points. Till now previous weeks range is intact and index has not broken any hourly levels- 18460 and 18060. Best trade will be on flat opening tomorrow. Coming to Thursday's trade setup, if index opens flat and 15 Min candle closes above 18326 then we will long for the target of 18425 and 18527. For selling we need a 15 Min candle close below 18260. T- 18175 and 18100. Be strict with trailing with RR in both side trades. 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's Next Anticipated MoveAfter correcting to 18060, it has gone up to 18420 that made a perfect minor elliott wave structure. I could not explain here as it would make things unclear. Nifty is hovering around 23.6% Fib correction. Chances are that Nifty could open gap-up above 18460 lvel from today's close. If it will open below today's high it can drift down to lower near it's Fib supports as indicated line drawn for. Let's see what it's constituent stocks will do-give support or not. Is Nifty go up or down? Please leave comments.
NSE:NIFTYLong
by kaushikwbslg
NIFTY Intraday Trade Setup For 24 May 2023NIFTY Intraday Trade Setup For 24 May 2023 Buy-Above 18420 Sl-18370 T- 18527 18615 Sell- Below 18320 Sl-17370 T- 18239 18150 NIFTY has closed with a slight gain of 0.18% today. Buy triggered as per trade setup which hit dot level target and gave around 50 points. BTW it was complete rangebound today within 40 points for almost the whole day, except the 1 hour. Index has not breached any hourly level till now. Above 18420 and 18320 is the intraday range. Breakout of this range will give us a good intraday directional move. In between it once again it will be sideways. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18420 then we will long for the target of 18527 and 18615. For selling we need a 15 Min candle close below 18320. T- 18239 and 181450. 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
3
NIFTY Intraday Trade Setup For 23 May 2023NIFTY Intraday Trade Setup For 23 May 2023 Buy-Above 18340 Sl- 18290 T- 18420 18503 Sell-Below 18250 Sl-18300 T- 18153 18060 NIFTY has closed on a bullish note with 0.61% gain today. Last day we already anticipated this bullishness after we got a Pin bar in daily charts. Buy triggered as per trade setup above 18220 and hit our 1st target very smoothly (18220-18335). Once again bullishness will continue above today's high- 18340. Index will change hourly structure below 18060. Early sign of sentimental halt will be on a daily candle close below PDL. Next intraday resistance will be near 18500. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 18340 then we will long for the target of 18420 and 18503. For selling we need a 15 Min candle close below 18250. T- 18153 and 18060. 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 22 May 2023NIFTY Intraday Trade Setup For 22 May 2023 Buy-Above 18220 Sl- 18170 T- 18307 18385+ Sell-Below 18135 Sl- 18185 T- 18060 17975 NIFTY has closed with a slight cut with 0.61% last week. It has formed a spinning top candle in weekly TF. High and low of this candle is very important. Below 18060 we will initiate a good down move and above 18460 we will give a good upside momentum for a fresh ATH. Last day it formed a Pin bar candle in daily TF. Above its high- 18220 we may show some bullish momentum. Tomorrow's closing above and below Friday's low and high will indicate the upside and downside momentum for the week. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18220 then we will long for the target of 18307 and 18385. For selling we need a 15 Min candle close below 18135. T- 18060 and 17975. 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 - 19th May 2023Dear All, Once again we had seen the appropriateness of our Morning Mantra update, wherein a bounce back along with some cautiousness was predicted yesterday. Likewise the same was witnessed in the Market yesterday itself, as after a gap up opening in Nifty, a supply pressure was also observed at the upper levels. Overall, Nifty seems to be struggling at around this level of 18200. Besides, it is this crucial level at which there is a fight going on between the bull and the bear. Therefore, we are still with our words that we need to witness a stable weekly closing of above 18200 once again. On the other hand, if somehow Nifty is unable to do so, then we will have to become very cautious and apply another suitable strategy. Till then, Keep Trading and Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 19 May 2023NIFTY Intraday Trade Setup For 19 May 2023 Buy-Above 18215 Sl-18165 T- 18310 18385 Sell-Below 18100 Sl-18150 T- 18019 17933 NIFTY has closed on a bearish sentiment with 0.28% cut. After our TSL in long was hit on 17 May @ 18260 index has been in decline phase. It was said multiple times that if our TSL is hit then index will initiate the pullback/down move. So is happening. Today it opened with a big gap up and 10 o'clock range broke below 18229 and gave more than 120 points gain. it was trending post 1:30 PM. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18215 then we will long for the target of 18310 and 18385. For selling we need a 15 Min candle close below 18100. T- 18019 and 17933. 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 - 18th May 2023Dear All, So Yesterday we had seen the impact of the Bearish Engulfing pattern. As a result of which we did also observe a supply pressure in the Market, just as we had already stated yesterday itself. However for today, we are expecting to witness a bounce back in Nifty. Wherein, it will be better to remain cautious , as today is the day of weekly settlement. So, in such a situation avoid the unnecessary exposure in the Market and wait and watch for a clear cut direction from Nifty. Where if Nifty gives a stable closing of above 18200, then it will be a good sign . Otherwise, with the Rebalancing of the Portfolio , we have to take a smart move for the upcoming days. Happy Trading! Happy Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 18 May 2023NIFTY Intraday Trade Setup For 18 May 2023 Buy-Above 18200 Sl-18150 T- 18270 18340 Sell-Below 18115 Sl-18165 T- 18030 17950 NIFTY has closed on a bearish note with 0.57% cut today. Last day it was said that our trailing sl in long side has been hit and below 18260 there we will be a pullback/down move along with a trendline breakdown in hourly TF. Sell triggered as per trade setup below 18260 and hit almost 2nd target (18260-18115.35). Above 18200 on a bullish price structure we will initiate a pullback move of the fall which started from 18460. Down move likely to continue below 18115. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18200 then we will long for the target of 18270 and 18340. For selling we need a 15 Min candle close below 18115. T- 18030 and 17950. 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
Power of 25, 75, and 125-Minute Timeframes in the Indian MarketSelecting the right time frame for technical analysis is a crucial decision for any technical analyst. In the Indian market, the trading session lasts for 375 minutes, starting from 9:15 AM and ending at 3:30 PM. While many traders commonly use the 30-minute, 1-hour, and 2-hour time frames, these intervals often result in incomplete candles, which can distort the accuracy of the analysis. Instead, opting for the 25-minute, 75-minute, and 125-minute time frames can provide more complete data, leading to more informed trading decisions. Drawbacks of traditional time frames: When using a 30-minute time frame, there are 13 candles formed, with the last candle representing only 15 minutes of trading. This disrupts the technical analysis process. By switching to a 25-minute time frame, traders can overcome this issue and work with 15 complete candles per trading day. Traditional 1-hour time frames produce 7 candles, including a final 15-minute candle, which interrupts the smooth flow of technical analysis. By adopting a 75-minute time frame, traders can obtain 5 complete candles, offering a more comprehensive perspective on price movements. Instead of confining analysis to a 2-hour time frame, which results in an incomplete final candle, traders can harness the power of a 125-minute time frame. With 3 complete candles per trading session, each representing a 125-minute interval, a more comprehensive understanding of price dynamics can be achieved. Benefits: Enhanced accuracy in analysing price action, as each candle represents a complete interval of 25, 75, or 125 minutes. Reduced gaps in price action, as each candle becomes a complete unit of time. Clearer depiction of trends with fewer distractions from incomplete candles. Improved visibility of trends, as each candle provides a more representative snapshot of the price action. A more holistic view of the market, aiding in the identification of key support and resistance levels. If you utilize concepts like RBR, RBD, DBR, and DBD, it is recommended to use these time frames, as the presence of an incomplete candle can inadvertently impact your analysis. You may mistakenly consider the last incomplete candle as a base or leg candle, which can affect your overall analysis. Conclusion: In the Indian stock market, precision and accuracy are vital for successful trading. By embracing unconventional time frames like 25 minutes, 75 minutes, and 125 minutes, traders can enhance their technical analysis capabilities and gain a competitive edge. Although these specific time frames are available through TradingView's paid plans, traders without access can still utilize traditional time frames. However, it is essential to recognize the limitations and potential disruptions caused by incomplete candles. Embracing the power of these alternative time frames unlocks a clearer and more comprehensive view of the market, empowering traders to make confident trading decisions. This article is written by Afnan Tajuddin with the aim of encouraging Indian traders to adopt powerful timeframes commonly used by professional traders, to enhance their technical analysis skills. If you found this article helpful, please consider following me for more analysis and educational articles. Your likes and comments are appreciated, as they motivate me to provide more analysis for you. If you have any questions, feel free to ask in the comment box below. Thank you for reading this educational article.
NSE:NIFTYEducation
by AfnanTAjuddin
41
NIFTY 50 : FORECAST FOR Q2 FY'23 AS ON 29.04.2023Before any discussion , I like to share few facts about mighty Nifty : 1. Nifty is in downtrend since 1 Dec 2022 from level @ 18860 2. After 3.5 months of downfall , finally Nifty found support level @ 16850 3. The support level was retested numerous time unless Rectangular Channel break our was seen on 31.03.2023 4. Since 31.03.2023 , Nifty was in uptrend till level @ 17790. 5. Then came the retracement phase of 0.618 times and dipped upto the level @ 17560 6. Regained the uptrend , however the break out of the SWING OF PREVIOUS break down was yet to be broken out. 7. This break out actually confirms a strong reversal I applied The Elliott Wave Theory Channel Trend and Fibonacci Extension , to predict the future of Nifty and came to conclusion that : i) Fibonacci Extension : The Trend will rise up to level 1.618 times of previous stretch i.e. @ 18430 ii) Elliott Wave Theory : The trend has entered the 3rd wave and it will be 1.6 times of the first wave . With calculation , the next level comes out to be 18430 iii) Next Important level is 18430 iv) Retracement is predicted after this level of 18430 up to level 18064 ( The resistance recently broken out ) v) After again applying the three theories post second retracement phase a) Fibonacci Extension : The Trend will rise up to level 1.414 times of previous stretch i.e. @ 18890 b) Elliott Wave Theory : The trend has entered the 5th wave and it is mostly shorter than 3rd and 1.2 times that of third wave . With calculation , the next level comes out to be 18900 c) The Channel Trend , The Next Supply Zone stands @ 18900 Hence , after studying all those facts I have predicted the Nifty Move for in this quarter and displayed it in the graph. One , if agree with me , may plan his/her trade accordingly and do not forget to drop a message and boost my study ,if you agree with me OR NEED MORE CLARIFICATION. Please remember, this analysis is only for education purpose and not trade calls. Please study , do your own analysis and trade at your own risk. Good Luck !!!
NSE:NIFTYLong
by chakraveer1104
NIFTY Intraday Trade Setup For 17 May 2023NIFTY Intraday Trade Setup For 17 May 2023 Buy-Above 18380 Sl-18330 T- 18460 18535 Sell-Below 18260 Sl-18310 T- 18190 18110 NIFTY has closed on a bearish note with 0.68% cut. It has closed below PDL so below today today's low our TSL in long will be hit. And we can expect some fall as a pullback of the uptrend. Also there will be a trendline breakdown in hourly TF. Today sell triggered as per trade setup and gave 115 points gain (18380-18265). This profit booking is triggered as we hit ATH in BANKNIFTY and a correction is obvious from resistance. Bullish momentum above 18380. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18380 then we will long for the target of 18460 and 18535. For selling we need a 15 Min candle close below 18260. T- 18190 and 18110. 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