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Niftyanalysis

NIFTY Intraday Trade Setup For 13 Feb 2023NIFTY Intraday Trade Setup For 13 Feb 2023 Buy-Above 17880 Sl-17830 T- 17970 18026 Sell-Below 17779 Sl-17830 T-17695 17585 NIFTY has closed on a absolute flat note last last week. Its a complete neutral closing and same sentiment was on during the whole week. No big momentum was seen as VIX crashed vertically after the Union Budget. Till now index is inside the Budget day range. As a result Inside candle has been formed in weekly charts. 1st trigger will be above/below mother candle's high/low. Monday's trade setup will be based on Friday's tight range. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17880 then we will long for the target of 17970 and 18025. 17920 is important to be sustained. For selling we need a 15 Min candle close below 17779. However it will be week below 17800. T- 17695 and 17585. 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 10 Feb 2023NIFTY Intraday Trade Setup For 10 Feb 2023 Buy-Above 17917 Sl-17865 T-18025 18115 Sell-Below 17779 Sl-17830 T-17695 17585 NIFTY has closed a closed with a mild positive sentiment with just 0.12% gain. It has closed near day high which is a bullish sign and this may continue above today's high if sustained. Today's low is very important as it is the last swing low in 15 Min TF also this is a rejection candle's low. So good selling momentum will be seen below 17779 if sustained. Today it opened flat and sell triggered that gave almost 50 points gain ;1:1. After that index has under bull's control most of the time. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17917 then we will long for the target of 18025. Post rejection if sustained we ca test 18115 also. For selling we need a 15 Min candle close below 17779. T- 17695 and 17585. 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 9 Feb 2023NIFTY Intraday Trade Setup For 9 Feb 2023 Buy-Above 17900 Sl-17850 T-18000 18105 Sell-Below 17829 Sl-17880 T- 17700 17570 NIFTY has closed on a bullish sentiment with more than 0.85% gain. It has closed near day high which is a bullish sign and this bullishness will continue above today's high. Next important level will be 18000. However it has created a stretch in in 15 Min chart. Breakdown can lead to halt in the uptrend. So keep an eye on today's trendline. Today it opened almost flat and buy triggered and hit 1st target very smoothly just before the announcement. Trade gave more than 100 points ; 1:2. If market opens gap down tomorrow then analyze things after 10:30 and build trades. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17900 then we will long for the target of 18000 and 18105. For selling we need a 15 Min candle close below 17829. Aggressive selling will start below 17990.T- 17700 and 17570. 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 8 Feb 2023NIFTY Intraday Trade Setup For 8 Feb 2023 Buy-Above 17780 Sl-17730 T-17870 17975 Sell-Below 17650 Sl-17700 T-17545 17445 NIFTY has closed a slight bearish sentiment with 0.24% cut today. NIFTY is still inside the Budget Day's range. Tomorrow is RBI Monetary Policy at 10 AM. Safe traders should trade after the announcement as there will be volatility till 10:30. Today it opened almost flat and tested buy level but was not triggered. Later sell triggered and gave more than 40 points which was roughly 1:1. However 10 o'clock was already broken before sell level was triggered and that gave more than 75 points. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17780 then we will long for the target of 17870 and 17975+ For selling we need a 15 Min candle close below 17650. T- 17545 and 17445. 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 7 Feb 2023NIFTY Intraday Trade Setup For 7 Feb 2023 Buy-Above 17785 Sl-17735 T-17870 17970 Sell-Below 17695 Sl-17745 T-17615 17545 NIFTY has closed on a bearish sentiment with 0.5% cut today. It is inside the range of ultra wide range of Budget day and now it is also inside yesterday's range. Total volatility contraction due to IV crash. Today It opened flat and just traded inside 10 o'clock range the whole day. 17700 which was plotted yesterday as a support was defended. We will simply use today's range (17785-17695) to build our trade the next day. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 17785 then we will long for the target of 17870 and 17970+. For selling we need a 15 Min candle close below 17695. T- 17615 and 17545. 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 6 Feb 2023NIFTY Intraday Trade Setup For 6 Feb 2023 Buy- Above 17871 Sl-17820 T- 18055 18200 Sell-Below 17580 Sl-17630 T-17465 17350 NIFTY has closed on a slight bullish sentiment this week with 1.42% gain. It was clearly told ahead of budget to exit the positional trade as this budget can shake any side. Ahead of the budget the weekly range (18270 and 17760) broke downside but now it has come at the weekly range once again. Now we have to wait for fresh price action to initiate any positional trade. A perfect piercing candle has been formed in weekly charts. Above its high 17975 this will be confirmed for a bullish momentum. As of now sell view below 17350 only. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17871 then we will long. T- 18055 and 18200+. For selling we need a 15 Min candle close below 17580. T- 17465 and 17355. 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 20000?we can see that NIFTY is at correction. And there is good amount of negative news creating fear right at support zone. I see huge volume coming in at this stage, a best place for institutional players to accumulate. There maybe some price push down to show retailers, that they are in right direction. At present global cues are also going well. Best place for conservative buyers is to buy above B wave. Aggressive players can buy at breakout support trendline with low as stop-loss.
NSE:NIFTYLong
by mdrameezkhan24