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Niftyanalysis

NIFTY Intraday Trade Setup For 27 Mar 2023NIFTY Intraday Trade Setup For 27 Mar 2023 Buy-Above 17000 Sl- 17050 T- 17100 17200+ Sell-Below 16915 Sl-16965 T- 16825 16725 NIFTY has closed on a bearish sentiment last week and day. It closed with almost 1% cut last week. Current important levels are 17210 and 16800. Above 17210 we will plan the reversal trade towards 17600 and above. Below 16800 bearish move will continue and it will start the leg towards 16600 and 16200 (extreme case). However if we close in green and make a green candle this week then we will probably reverse in the coming weeks. Till then we have to follow the same sell on rise approach. Coming to Monday's trade setup, if index opens flat and a 15 Min candle close 17000 then we will long for the target of 17100 and 17200+ For selling we need a 15 min candle close below 16915. T- 16825 and 16725. 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 - 27th March 2023Dear All, So, in the last week we had seen the importance of the 17180 level as a Resistance on a closing basis. Wherein, on not being able to sustain over the same, Nifty had shown us a further decline towards the level of 16945. So, in overall Nifty is currently somehow consolidating between the levels of 17180 and 16800. Furthermore, just as we had stated on the last Friday, that if the index fails to sustain above 17180, then we can expect the level of 16800 again. So, here we have to be a little cautious with the Cherry Picking strategy and a positive mindset that we can expect a bounce back with the support of 16800 on a closing basis. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 24th March 2023Dear All, So, finally once again we had seen the magic of 17180 level . As even after making a high of 17205.40, Nifty had ultimately given us a closing of 17076.90 Today will somehow be a very crucial day, where the bulls are waiting for a closing of above 17180. Because for the past consecutive 2 days , Nifty tried its best to cross this Resistance level of 17180 . But had somehow failed on a closing basis. So, as of now, we are still with our words to continue following the Cherry Picking strategy, with the support of 16800 on a closing basis. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 24 Mar 2023NIFTY Intraday Trade Setup For 24 Mar 2023 Buy-Above 17120 Sl- 17070 T- 17200 17295 Sell-Below 17045 Sl-17095 T-16950 16850 NIFTY has closed on a bearish sentiment with 0.44% cut. It was a full volatile session from opening. Today it opened gap down and 10 o'clock range broke upside above 17131 and gave a good move till 17200+. Last swing high low was of 30 points so with 30 points sl it gave more than 70 points gain. Now 17210 is important for the upside move and we will plan the positional buy above 17210 for the initial target of 17600. Below 16800 once again we will sit on the sell leg positionally. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17120 then we will long for the target of 17200+ and 17295. For selling we need a 15 Min candle close below 17045. T- 16950 and 16850. 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 - 23rd March 2023Dear All, After witnessing a gap up opening in Nifty yesterday, there was a hope that the Index might give us a closing of above 17180 . However, unfortunately that did not happen . Which, therefore, is a clear indication that the level of 17180 is still working as a strong Resistance for the Market.  Furthermore, we are still with our words, that aggressive buying should be avoided , until and unless Nifty gives us a closing of above 17180. As it is only after this breakout, that we can witness a significant uprise. Besides, we are still positive on the Market for the upcoming 8-9 days. So, in the meanwhile, keep following the Cherry Picking strategy with the support of 16800. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 23 Mar 2023NIFTY Intraday Trade Setup For 23 Mar 2023 Buy-Above 17166 Sl-17115 T- 17270 17365 Sell-Below 17105 Sl-17155 T- 17028 16950 NIFTY has closed on a bullish sentiment with 0.26% gain. It has formed a spinning top candle in daily TF which is a sign of halt/rest. Above its high bullish momentum will continue and below its low if sustained we will see a down move. Today it opened with a small gap up and just traded between 10 o'clock range for the whole day. It was complete sideways after 10 o'clock. Consolidation before event in US may trigger a big move tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17166 then we will long for the target of 17220 and 17365. For selling we need a 15 Min candle close below 17105. T- 17028 and 16950. 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 - 22nd March 2023Dear All, Almost after 8 trading days , we have finally witnessed a beautiful green candle on the chart of Nifty. This however, can be the outcome of the last 3 candles , i.e., back to back 2 doji patterns followed by a hammer pattern formation. Moreover, after witnessing a beautiful closing of 17107.50 yesterday , we are somehow still under the required Resistance level of 17180 . Wherein, it is only above this level , that we can be aggressive in the Market once again, with the stop loss of 16800. Furthermore, we are very optimistic on the Market for the upcoming 8-9 days, as we have seen how Nifty has been taking beautiful support from around our stated support level of 16800. So for now, continue following the Cherry Picking strategy. Also, wish you all a very happy Gudi Padwa, Hindu Nav Varsh and Happy Navratri. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 22 Mar 2023NIFTY Intraday Trade Setup For 22 Mar 2023 Buy-Above 17130 Sl- 17080 T- 17215 17300+ Sell-Below 17065 Sl-17115 T- 16985 16905 NIFTY has closed on a bullish sentiment with 0.7% gain today. Today it opened with a gap up and buy triggered and hit our 1st target. 10 o'clock range also broke upside above 17087 and gave almost 40 points. In the weekend it was said that we are likely to make a bottom and before the up move we will give a pullback first. Same thing happened, on Monday we gave a pullback and after that we have started the up move and this leg can touch 17600 in the coming days. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17130 then we will long for the target of 17215 and 17300. For selling we need a 15 Min candle close below 17065. T- 16985 and 16905. 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 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 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
NSE:NIFTYShort
by TanujaK
5
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
NSE:NIFTY
by alokdaiya
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
NSE:NIFTYLong
by alokdaiya
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.
NSE:NIFTY
by Omahto
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
NSE:NIFTY
by alokdaiya
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.
NSE:NIFTY
by Omahto
1
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.
NSE:NIFTY
by Omahto