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NIFTY Intraday Trade Setup For 13 Apr 2023NIFTY Intraday Trade Setup For 13 Apr 2023 Buy-Above 17826 Sl-17775 T-17890 18045 Sell-Below 17765 Sl-17815 T- 17690 17600 NIFTY has closed on a bullish note once again 0.5% gain. With no surprise today also buy triggered as per trade setup and hit our 1st target very smoothly. Trade gave more than 70 points gain (17750-17825). Till now index has safeguarded PDL (CB). We have been updating after 31 Mar that index's bullish momentum will be intact till we safeguard PDL (CB). Same has been happening. Sentimental halt or the pullback move will be initiated when we close below PDL and that candle's low is triggered the next day. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17826 then we will long for the target of 17890 and 17955. For selling we need a 15 Min candle close below 17765. T- 17690 and 17600. 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 - 12th April 2023Dear All, We can once again see a Doji formation on the chart of Nifty, which is quite a good indicator of a fight between demand and supply. Indeed this fight is quite natural as we are currently at a very crucial level of Resistance of 17800 . Besides, it was since the level of 16800 that we have always been bullish on Nifty , for a bounce back towards the level of 17800 . Fortunately, the same has been supported by the Index itself . Moreover, above 17800 we will once again be very optimistic for the new highs in Nifty. Whereas for now, with the support level of 17300, continue following the Cherry picking strategy, along with some cautiousness as a vertical rise can trap you at any time, wherein a proper money management strategy is quite necessary at the current market situation. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Nifty Price action prediction Nifty Bank Analysis Wednesday 12 Nifty Price action prediction Nifty Bank Analysis Wednesday 12 Nifty spot current market price 177 it is near about resistance zone which is at 17799 also it is last month high March 23 candle high is 17799 Bank Nifty spot current market price 41350 near about resistance 1600 based on zigzag it is also train line break out above 41300 it is also closed above 41300 deck losing basis and in upside it can touch to 41600 to 41900 now the support zone is 41150 -41200 you will be invalid below 40950
NSE:NIFTY
by niftyZ
Morning Mantra - 11th April 2023Dear All, So finally we had witnessed a pause in this small rally of Nifty , yesterday. Wherein, after making a high of 17694 , we had observed a flat closing of around 17624 in Nifty. Which altogether is somehow indicating a supply pressure from the upper levels. Besides, we are expecting an up-move towards our target level of 17800 , which is a very strong Resistance for Nifty, as of now. Furthermore, we are still with our words to keep following the Cherry Picking Strategy for now, with the support of 17300. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 11 Apr 2023NIFTY Intraday Trade Setup For 11 Apr 2023 Buy-Above 17695 Sl-17645 T-17772 17850 Sell-Below 17595 Sl-17645 T- 17500 17390 NIFTY has closed almost on a neutral note today. Till now it has been safeguarding PDL and bullish momentum is on track. A sentimental halt or reversal will be triggered only when we close below PDL. Today buy triggered as per trade setup and gave 1:1 profit (17640-17694+). A shooting star has formed in daily charts at 0.886 and trendline. A selling pressure or the pullback of the up move can be triggered below 17595. Also a mature price action is needed in hourly TF for this. Bullishness will continue above today's high. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17695 then we will long for the target of 17772 and 17850. For selling we need a 15 Min candle close below 17595. T- 17500 and below this 17390. 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 - 10th April 2023Dear All, On observing the impact of the Morning Star formation on the weekly chart on the last week, we did witness a beautiful momentum of upto 17600 in the Market. Well as of now, we are very close to our target level of 17800 , and yes this time we need a beautiful breakout above this level. Wherein, a closing of above 17800 will give a strong momentum to the Market. Furthermore, the positive impact of RBI can also be visible in the Market in the coming days . So, with the stop loss of 17300 , continue following the Cherry picking strategy for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 10 Apr 2023NIFTY Intraday Trade Setup For 10 Apr 2023 Buy- Above 17640 Sl-17590 T- 17735 17830 Sell- Below 17550 Sl-17600 T- 17465 17378 NIFTY has closed on bullish note with 0.24% and 1.38% last day and week respectively. Last week it formed morning star in week TF an its sentiment was on throughout the small week we had. All dips were bought into. Next hurdle lies near trendline resistance in daily TF. We will take trendline as resistance into consideration only when a candle closes above it and the next follow up candle is a red candle and further a proper M structure. Also bullish sentiment will be intact till we close above PDL (CB). In the coming week we may show some halt or a small pullback to fuel the further up move. Coming to Monday's trade setup, if index opens flat and a Min candle closes above 17640 then we will long for the target of 17735 and 17830. For selling we need a 15 Min candle close below 17550. T-17465 and 17378. 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 W-Pattern (Double Bottom)hi all, Nifty has made a wonderful W-Pattern we have 3 days holidays now... hope uptrend continues on monday or we may wee go back to test the neck line. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading
NSE:NIFTY
by NikhilChoudhary2023
Morning Mantra - 6th April 2023Dear All, As of now, we can clearly observe the effectiveness of the Morning Star formation , as even yesterday we got to witness a beautiful and a positive momentum in Nifty. Wherein, the index is now beautifully trading above the 17420 level, which is altogether a good sign. Moreover, our 2 important stated levels of 17300 and 1718 0 are once again showing their importance in regards to Nifty’s momentum. Wherein, above 17300 we are quite bullish on Nifty, for the target of 17800, once again. Besides, currently we can see a positive performance from the Market across the different sectors , so following the Cherry Picking strategy still remains to be a good idea here. Overall, as of now, with the stop loss of 17300, the level of 17800 will once again be a very strong Resistance for the Market. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 6 Apr 2023NIFTY Intraday Trade Setup For 6 Apr 2023 Buy-Above 17571 Sl-17520 T- 17625 17677 Sell-Below 17510 Sl-17560 T- 17445 17378 NIFTY once again closed on a bold bullish note with 0.91% gain today. Buy triggered as per trade setup above 17430 and hit 1st target very smoothly (17430-17570+). Its momentum is better than BANKNIFTY since last few days. Next important resistance will be the near the trendline plotted. I will look for a bearish price price action (LHLL) or any sell setup to plan for a short. As said bullish sentiment will be intact till it safeguards PDL(CB). Some bullish momentum will be seen above today's high. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17571 then we will long for the target of 17625 and 17677-80. For selling we need a 15 Min candle close below 17510. T- 17445 and 17378. 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 April 2023Dear All, After the beautiful Morning Star formation on the weekly chart, we had seen a gap up opening in Nifty on Monday . While we are back again after spending a holiday, we are now expecting a sideways to positive Market momentum with the stop loss of 17300 on a closing basis, for the 2 remaining trading days, as we have 1 more holiday coming up on this Friday. In the meanwhile, continue following the Cherry picking strategy . Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 5 Apr 2023NIFTY Intraday Trade Setup For 5 Apr 2023 Buy-Above 17430 Sl- 17380 T- 17530 17615 Sell-Below 17310 Sl-17360 T- 17195 17080 NIFTY has closed on a bullish sentiment with 0.22% gain. Bullishness will continue above today's high. In case its low is breached then there will be good down move. Best scenarios will be on flat opening for both side trades. There is a holiday on Tuesday so chance of a gap up/down opening on Wednesday . Above 17430 it will fill the gap near 17600. Bullish sentiment will be intact till we safeguard PDL on closing basis. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17430 then we will long for the target of 17530 and 17615. For selling we need a 15 Min candle close below 17310. T- 17195 and below 17190 we will test 17080. 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 - 3rd April 2023Dear All, Finally on the last trading day, we had witnessed a beautiful breakout in Nifty. Wherein the most beautiful part was that it consisted of the 2 important levels of 17180 as well as 17300. As these were the 2 levels that had played a very crucial role as a level of support for the Market in the previous timeframe. As of now, we can observe a very beautiful formation of Morning Star at a very crucial support level of 16800 on a weekly timeframe. So, this positive formation is somehow indicating a bounce back in Nifty , wherein it is being expected to go up to the level of 17800. Moreover, this level of 17800 will once again work as a level of Resistance, and for the time being we are still with our words that following the Cherry Picking strategy will be a good idea here, with the stop loss of 17180. Yes, for now, we are upgrading our support level from 16800 to 17180 , after observing a beautiful recovery in the Market on the last trading day of the FY 2022-23. Furthermore, we are very hopeful and optimistic on the Market, for this new financial year 2023-24 Last but not the least, Wishing you all a very happy & a prosperous New Financial Year! Happy Trading! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 3 Apr 2023NIFTY Intraday Trade Setup For 3 Apr 2023 Buy-Above 17385 Sl-17335 T- 17500 17600 Sell-Below 17305 Sl- 17355 T- 17193 17080 NIFTY has closed on bullish note last week. It ended with 2.45% gain. Monthly candle closed on Friday which is a neutral doji. After relentless selling of more than 3 months it has now shown sign of pause. High and low of this doji candle is very important. Below 16800 we will start the next leg of positional down move and above 17800 we will start a fresh up move in the short term. 17190 is very important point and key level for both sides. Next important resistance is 17600. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17385 then we will long for the target of 17500 and 17600. For selling we need a 15 Min candle close below 17305. T- 17193. Below 17190 we will test 17080. 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 - Contraction Burst (Weekly View)After A sharp up move from 15200 zone index gave almost 24% rally from bottom. After a trendy move index has declined 5% from top- 18800+. It has been trading in range since last 3 weeks; almost a month. The range is 18270 and 17760. This range has been formed in weekly TF. Looking at the weekly candles we can clearly sense that contraction has happened for a month. Contraction burst is likely to happen in the coming week on this range breakout. Now lets look at the target projections on each case. If range breaks downside below 17760 then we will test 16700 in between 17165 will be short term base/support. Weekly TF Daily TF Now if range breaks upside above 18270 the we will test 18900. Then if 18900 is sustained then there will breakout in monthly TF and we will test 19661 and 20000. Weekly TF Daily TF After breakout previous swing low/high in daily TF will be sl either side.
NSE:NIFTY
by Omahto
Morning Mantra - 31st March 2023Dear All, After a day’s break, here we are with our Morning Mantra on Nifty for Today! So finally on Wednesday , we had witnessed a beautiful recovery in Nifty , which was expected. Moreover, we also got a closing of 17080.70 , but still we need a positive and a stable closing of above 17180 . As this is the last trading day of this week, so we have to observe the Market today , for a positive closing. Wherein, Cherry Picking strategy will be a good idea as of now, with the stop loss of 16800 . Furthermore, Today’s closing will be very important for the Market Participants. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 31 Mar 2023NIFTY Intraday Trade Setup For 31 Mar 2023 Buy-Above 17130 Sl-17080 T- 17210 17300 Sell-Below 16990 Sl-17040 T- 16910 16815 NIFTY has closed on a bullish sentiment with 0.76% gain on Wednesday. It closed in a proper bullish sentiment after so many days. This bullishness will continue above last day's high- 17130. Important level for downside is 16900. This level is very crucial and breakdown will lead to a parabolic down move. Last day buy triggered and hit gave 50 points in the 1st go and 130 points in the second go. Tomorrow's ideal trades will be executed on flat opening. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17130 then we will long for the target of 17210 and 17300. For selling we need a 15 Min candle close below 16990. T- 16900 and 16815. 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 Mar 2023NIFTY Intraday Trade Setup For 29 Mar 2023 Buy-Above 16995 Sl-16945 T- 17117 17210+ Sell-Below 16910 Sl-16960 T- 16815 16700 NIFTY has closed on a slight bearish note with 0.2% cut. Today nothing triggered as per trade setup as it traded inside yesterday's range. 10 o'clock range broke downside below 16971 and gave more than 40 points gain which was more than 1:1. It has formed a base at 16915. Breakdown of 16900 will lead to a parabolic down move. Above 16995 if sustained we will head higher towards 17117 main hurdle will be today's high. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 16995 then we will long for the target of 17117 and 17210. For selling we need a 15 Min candle close below 16910. T- 16815 and 16700. 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