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Niftyanalysis

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
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