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Niftyanalysis

NIFTY Intraday Trade Setup For 06 Mar 2023NIFTY Intraday Trade Setup For 06 Mar 2023 Buy-Above 17645 Sl-17595 T-17745 17845 Sell-Below 17585 Sl-17635 T-17500 17400 NIFTY has closed on bullish note last week with slight gain of 0.74% It has formed a almost like a hammer candle in weekly TF. It was updated on 28 Feb that we are near bottom and the very next day it played out and now next round selling will be triggered below 17250 only which is current week's low. Above 17650 if sustained, we will head higher. But for reversal we need a proper bullish price structure in hourly TF. So a pullback and then previous swing BO in the upside will initiate that. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17645 then we will long for the target of 17745 and 17845. For selling we need a 15 Min candle close below 17585. T- 17500 and 17400. 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 03 Mar 2023NIFTY Intraday Trade Setup For 03 Mar 2023 Buy-Above 17350 Sl-17300 T- 17400 17465+ Sell-Below 17300 Sl-17350 T- 17225 17145 NIFTY has closed once again on a bearish sentiment with 0.74% cut. Today market opened and sell triggered as per trade setup below 17390 and hit our 1st target late noon. It was in bear's grip from the very 1st 15 Min. It has closed near day low. Below today's low once again bears will be leading. Next important support in downside is 17145 and 17400 being resistance. Continuation trade will be best on flat opening. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17350 then we will long for the target of 1400 and 17465. For selling we need a 15 Min candle close below 17300. T- 17225 and 17145. 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 02 Mar 2023NIFTY Intraday Trade Setup For 02 Mar 2023 Buy-Above 17470 Sl-17420 T-17550 17630 Sell-Below 17390 Sl-17440 T-17300 17225 NIFTY has closed on a bullish sentiment with 0.85% gain today. after 9 consecutive red candle today is the first day it ended on a positive note. Last day it was mentioned that we are somewhere near a short term bottom. It has closed above PDH which has initiated the pullback move the down move. Initial Pullback will be till 17600 and then 16800. Selling will resume below 17250. Today buy triggered as per trade setup and hit 1st target (17345-17467). 10 o'clock range also broke upside above 17422 and gave 45 points with 5 points sl. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17470 then we will long for the target of 17551 and 17630. For selling we need a 15 min candle close below 17390. T- 17300 and 17225. 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 01 Mar 2023NIFTY Intraday Trade Setup For 01 Mar 2023 Buy-Above 17345 Sl-17295 T- 17440 17530 Sell-Below 17255 Sl-17305 T- 17147 17070 NIFTY has closed once again on a bearish sentiment with 0.51% cut. Till now it has not tested PDH since last 9 trading sessions. Today it opened opened and buy triggered which hit sl. Later 10 o'clock range broke downside below 17367 and made a low of 17256. It has been updated that our TSL for this current down move is PDH. Also a sentimental halt will be seen when we will close above PDH. Also seeing the stretch in market it seems that we are near somewhere a short term bottom , near 17150 which is also a PRZ area which has been discussed months back. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17345 then we will long for the target of 17440 and 17530. For selling we need a 15 Min candle close below 17255. T- 17147 and 17070. Ext T- 16990. 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 28 Feb 2023NIFTY Intraday Trade Setup For 28 Feb 2023 Buy-Above 17415 Sl-17365 T- 17475 17535 Sell-Below 17299 Sl-17350 T- 17225 17150 NIFTY has closed with 0.42% cut today. It opened and sell triggered as per trades setup Trade gave more than 110 points gain (17420-17299, 1:2) and hit our target. A dot reversal was seen from the PRZ plotted as 2nd target. It has formed a hammer in TF at previous swing low in daily TF. Above its high we will inch higher (towards 17650 and 17800 )which will be the pullback of whole parabolic down move. Selling will resume below 17299 only and that will be towards 16600-700. Also we will give reversal of the whole down move which started from Dec 2022 if we make a hammer in weekly TF. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17415 then we will long for the target of 17475 and 17535. Extended T- 17635. For selling we need a 15 Min candle close below 17299. T- 17225 and 17150. Extended T- 16990. 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