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Niftyanalysis

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
NIFTY Intraday Trade Setup For 16 May 2023NIFTY Intraday Trade Setup For 16 May 2023 Buy-Above 18460 Sl-18410 T- 18535 18610 Sell-Below 18380 Sl-18430 T- 18287 18190 NIFTY has closed on a bullish sentiment with 0.46% gain today. Our swing long trade from 17685 ( from 24 Apr) is intact. It is giving more than 700 points gain as of now. If a daily candle closes below PDL and that red candle's is breached then we will exit our longs with TSL. In case of TSL possibility of a pullback will open up. Bullishness likely to continue above today's high- 18460. Index will be weak below trendline on a bearish price structure. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18460 then we will long for the target of 18535 and 18610. For selling we need a 15 Min candle close below 18380. T- 18287 and 18190. 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 - 16th May 2023Dear All, Yesterday was indeed a wonderful day for the Market. Wherein we had observed an excellent performance by almost every sector. Besides, just as we had been repeatedly stating about witnessing a push towards the new high, once after Nifty gives a stable weekly closing of above 18200. Likewise, the same is being observed in the Market currently. Yes, the market sentiments seem to be very positive as of now, with the stop loss of 17800 on closing basis. So, with fingers crossed continue Rebalancing your Portfolio and keep following the Cherry picking strategy. Happy Trading! Happy Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 15 May 2023NIFTY Intraday Trade Setup For 15 May 2023 Buy-Above 18345 Sl-18295 T- 18430 18510 Sell-Below 18265 Sl-18315 T- 18190 18115 NIFTY has closed on a bullish sentiment last day and week with 0.10% and 1.36% gain respectively. Last week it was said that we may have a sideways momentum, except Monday it was sideways rest of the days. Based on that range important levels are 18400 and 18200. Sustained breakout of this range will give us a good directional move either side. Also we have been holding our longs from 17685 ; TSL being intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit longs and in that case there will be a pullback scenario. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18345 then we will long for the target of 18430 and 18510. For selling we need a 15 Min candle close below 18265. T- 18190 and 18115. 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 May 2023NIFTY Intraday Trade Setup For 12 May 2023 Buy-Above 18351 Sl-18300 T- 18430 18510 Sell-Below 18270 Sl-18320 T- 18195 18125 NIFTY has once again closed almost on a flat note today. It opened with a decent gap up and spiked in the 1st candle itself. Later buy triggered as per trade setup which hit 50 points sl. It traded inside 10 o'clock range till 3 PM. Tomorrow we will use the range formed to trade on breakout. 18351 and 18270 is the range. Best trade will be in long side if triggers. It was said in the beginning of this week that a sideways momentum is very much possible which is common after an impulse, so has happened. Next week can be trending on broader range breakout. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18351 then we will long for the target of 18430 and 18510. For selling we need a 15 Min candle close below 18270. T- 18195 and 18125. 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 reversal zones 11-5-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #Nifty
NSE:NIFTYLong
by Elango-ragavan
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