#NIFTY downtrend movement potential with RISK:REWARD 5.6#tradingstrategy #tradingclasses
symbol Nifty 50
Time frame 4 hours
Analysis Breakout from the symmetrical Triangle ,so we can expect downtrend movement with Risk:reward of 5.6
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NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
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Niftyanalysis
NIFTY DOWNTREND MOVEMENT with RISK:REWard 1.8Index: NIFTY
Time frame Day chart
Analysis Breakout from a symmetrical triangle.
Risk: reward 1.8
HOPE our analysis is adding value to your Stock market trading Journey.
If yes, Hit like button or boost our ideas. Thank you.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Morning Mantra - 20th March 2023Dear All,
The Doji formations on two consecutive days , i.e., on Thursday & Friday, did gave us a little relief . Also, the support that Nifty took at 16850 on a weekly basis , was a comfort to witness.
However, on the other hand, Nifty is still under pressure due to not being able to cross over the important level of 17180.
So, as of now, it is advisable to adopt the cherry picking strategy, with 16800 as the support level.
Regards,
Alok Daiya
SEBI Registered Research Analyst
niftyDISCLIMER
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
Morning Mantra - 17th March 2023Dear All,
So, Eventually Nifty did touch the level of 16850, followed by a spectacular recovery in the second half and finally gave a closing with a beautiful doji formation , that all the bulls were looking for.
But still the danger is not completely averted . So, we will have to wait for today's closing for the long term results.
Besides, 17180 will be our next important level , after which we will be able to think for some more aggressive investments.
Until then, stay stock specific.
Regards ,
Alok Daiya
SEBI Registered Research Analyst
NIFTY Intraday Trade Setup For 17 Mar 2023NIFTY Intraday Trade Setup For 17 Mar 2023
Buy-Above 17065
Sl-17015
T- 17145 17230
Sell-Below 16950
Sl-17000
T-16850 16744
NIFTY has took a pause in the mega down move and closed on a flat note today. It is near our first weekly sell target which is 16600-700. Low made today is 16850.15. So we are are almost near to the bottom. It has formed a (hammer) halt/reversal candle in daily TF. Above its high if sustained we will start the pullback move. And as price matures we will have the clear view and upside targets. Next round of selling will resume below 16850. Today it opened and sell triggered below 16935 and hit our 1st target (16935-16850.15).
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17065 then we will long. T- 17145 and 17230.
For selling we need a 15 Min candle close below 16950. T- 16850 and 16744.
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.
Morning Mantra - 16th March 2023Dear All,
As we had mentioned in our Yesterday's Morning Mantra that Nifty is now ready to taste the level of 16800 , the same was accepted by the market itself.
As even after a beautiful gap up opening and a high of 17211.35 , Nifty had once again failed to sustain the level of 17180 .
Well as of now, we will have to keep patience and watch for the level of 16800 as a support.
Currently, Nifty is under pressure and only a good reversal pattern can now reduce it.
So, tighten your seat belt for these 2 crucial days and be stock specific , until any new positive indication.
Regards ,
Alok Daiya
SEBI Registered Research Analyst
NIFTY Intraday Trade Setup For 16 Mar 2023NIFTY Intraday Trade Setup For 16 Mar 2023
Buy-Above 17025
Sl-16975
T- 17117 17225
Sell-Below 16935
Sl-16985
T- 18840 16744
NIFTY has closed on a bearish sentiment once gain with 0.42% gain. Our 1st leg of sell has been triggered below 17760. 2nd continuation level told was 17320. Till now it running very smooth as no sign of reversal has been been seen across TFs. There will be sign of reversal when we will close above PDH or make any reversal candle in daily TF. Today it opened with a big gap up directly at our 1st buy target. 10 o'clock range broke downside below 17125 and gave a move till 16940. With 45 points sl it gave more than 180 points.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17025 then we will long for the target of 17117. Above 17125 post rejection if we sustain then we will hit 17225.
For selling we need a 15 Min candle close below 16935. T- 16840 and 16744.
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.
NIFTY Intraday Trade Setup For 15 Feb 2023NIFTY Intraday Trade Setup For 15 Feb 2023
Buy-Above 17080
Sl-17030
T- 17185 17270
Sell-Below 16985
Sl-17035
T-16885 16790
NIFTY has closed on a bearish sentiment with 0.65% cut. Below our sell continuation level - 17320 it has given almost 2% gain in just 2 days. It has hit 17k so we can now a pullback is very obvious. It is likely to give a bounce from 16990 which is 0.886 in daily TF. If this move matures then it can test 17600 also but the bullish structure has to be intact and has to safeguard PDL. This will be best on flat opening. Today it opened flat and sell triggered below 17110 and hit our 1st target - 16890 very smoothly.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17080 then we will long for the target of 17185 and 17270.
For selling we need a 15 Min candle close below 16985. T- 16885 and 16790.
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.
Morning Mantra - 14th March 2023Dear All,
Just like we had stated in the yesterday’s Morning Mantra update , that Nifty can create some panic around the level of 17300 and that it can take a support at around 17180 , which will work as a speed breaker in between the levels of 17300 and 16800 level. Similarly , we did witness almost the approximate figure of 17154 , which is very near to 17180.
So, it is expected that 17180-17100 are the levels, around which Nifty will consolidate as of now. Wherein, below 17180, 16800 will be the probable level around which Nifty can trade once again.
Furthermore, 17300-16800 will be the new range for Nifty as of now. Besides, if Nifty takes a support at 17180, then we are quite positive that we can once again reach the level of above 17300.
Until then, continue being stock specific and keep patience .
Regards ,
Alok Daiya
SEBI Registered Research Analyst
NIFTY Intraday Trade Setup For 14 Mar 2023NIFTY Intraday Trade Setup For 14 Mar 2023
Buy-Above 17200
Sl-17150
T- 17290 17380
Sell-Below 17110
Sl-17160
T- 16995 16887
NIFTY has closed on a bearish sentiment with 1.49% cut. Today it finally hit our 1st sell target which was triggered below 17760. It was explained in the weekend that below 17320 next selling will be triggered and this move can be leg towards 16695.TSL will ne PDH on CB. 1st of all buy triggered today and hit our 1st target 17525. Later sell triggered below 17365 and hit all targets. Trade gave more than 200 points and no previous swing high was tested. A pullback can be expected now and this can pull this towards 17380 if today's low is safe and price makes a bullish structure. Down move will continue below today's low.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17200 then we will long for the target of 17290 and 17380.
For selling we need a 15 Min candle close below 17110. T- 16995 and 16887.
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.
$NIFTY likely to GAP UP for 13th March Monday around 17475Nifty at this stage is not very clear in direction. However, looking at the last candle (Friday's daily candle) it has a positive look. This comes out because Buyers have been able to hold the sellers to take price low further after a huge gap down.
Now there are two confusing/conflicting images that come out when you compare weekly time frame candles Vs 15 min timeframe candles. Weekly candle shows negative outlook, however 15 min tf is at a stage of breakout either side, i.e. if price breaks up of 17400 then it has positive bias to close the gap. Any break on downside 1730 shows a potential downside till 17200 (1st target) and 17200 (2nd target).
So how to read this market? My take is the following:
1. The higher Weekly timeframe will hold true, i.e. this week price will go down or form a doji in case if reversal/slow down of the trend is going to happen. This is because this week will define if Buyers will exit their trade and let sellers take market down.
2. Having said that, For Monday, basis Friday's daily candle, price is most likely to open Gap up some where around 17475 allowing Buyers to exit their positions and then day would close negative.
NIFTY Intraday Trade Setup For 13 Mar 2023NIFTY Intraday Trade Setup For 13 Mar 2023
Buy-Above 17455
Sl-17405
T- 17525 17600
Sell-Below 17365
Sl-17415
T- 17240 17147
NIFTY has closed on a bearish sentiment with 1% cut last week. On Mar 1 when NIFTY was @17450 it was updated that we are ready to give a pullback of the whole down move (starting from 18134) and that that pullback can come till 17800. It gave perfect and dot level pullback and once again fell sharply from 17800. Now below current week's low -17320 we will continue the down move. This leg can extend till 16690. Once again sentiment halt will be seen when we will close above PDH.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17455 then we will long for the target of 17525 and 17600.
For selling we need a 15 Min candle close 17365. Fast momentum will come below 17320. T- 17240 and 17147.
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.
NIFTY Intraday Trade Setup For 9 Mar 2023NIFTY Intraday Trade Setup For 9 Mar 2023
Buy-Above 17800
Sl-17750
T-17925 18045
Sell-Below 17690
Sl-17740
T-17600 17490
NIFTY has closed on a bullish sentiment with 0.24% gain. It has closed near day high. Above today's high bullish momentum will continue, only hurdle is 17800. Today it opened gap down and below our sell level. 10 o'clock range broke upside above 17713 and gave more than 50 points gain with good momentum. Today's low - 17600 is important as that is the hourly low below which a reversal will be seen. Above 17800 if sustained it will head higher.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17800 then we will long for the target of 17925 and 18045.
For selling we need a 15 Min candle close below 17690. T- 17600 and 17490.
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.
NIFTY Intraday Trade Setup For 8 Mar 2023NIFTY Intraday Trade Setup For 8 Mar 2023
Buy-Above 17800
Sl-17750
T-17880 17960
Sell-Below 17670
Sl-17720
T-17585 17495
NIFTY has closed with positive gains of 0.67% last day. It was updated on 2 Mar trade setup that we have initiated the pullback move of the whole down move which lasted for 8 days. It was clearly told that we will test 17800 in this pullback which was finally hit on Monday. And after hitting as expected it acted as resistance and fell almost 100 points from there. Now 17800 is the gateway for the next up move. It will best suited if we get a small pullback before breaking 17800. On Monday it has formed a shooting star so below its low we can expect some fall.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 17800 then we will long for the target of 17880 and 17960.
For selling we need a 15 Min candle close below 17670. T- 17585 and 17495.
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.
Nifty Intraday Trade Setup | 6th MarExpectations: Volatile movement
SGX Indicating a gap-up opening, follow these levels to trade Nifty today.
Intraday Levels:
Buy Above - 17710
Sell Below - 17580
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InvestPro India Team