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Niftyanalysis

Morning Mantra - 14th March 2023Dear All, Just like we had stated in the yesterday’s Morning Mantra update , that Nifty can create some panic around the level of 17300 and that it can take a support at around 17180 , which will work as a speed breaker in between the levels of 17300 and 16800 level. Similarly , we did witness almost the approximate figure of 17154 , which is very near to 17180. So, it is expected that 17180-17100 are the levels, around which Nifty will consolidate as of now. Wherein, below 17180, 16800 will be the probable level around which Nifty can trade once again. Furthermore, 17300-16800 will be the new range for Nifty as of now. Besides, if Nifty takes a support at 17180, then we are quite positive that we can once again reach the level of above 17300. Until then, continue being stock specific and keep patience . Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 14 Mar 2023NIFTY Intraday Trade Setup For 14 Mar 2023 Buy-Above 17200 Sl-17150 T- 17290 17380 Sell-Below 17110 Sl-17160 T- 16995 16887 NIFTY has closed on a bearish sentiment with 1.49% cut. Today it finally hit our 1st sell target which was triggered below 17760. It was explained in the weekend that below 17320 next selling will be triggered and this move can be leg towards 16695.TSL will ne PDH on CB. 1st of all buy triggered today and hit our 1st target 17525. Later sell triggered below 17365 and hit all targets. Trade gave more than 200 points and no previous swing high was tested. A pullback can be expected now and this can pull this towards 17380 if today's low is safe and price makes a bullish structure. Down move will continue below today's low. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17200 then we will long for the target of 17290 and 17380. For selling we need a 15 Min candle close below 17110. T- 16995 and 16887. 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 likely to GAP UP for 13th March Monday around 17475Nifty at this stage is not very clear in direction. However, looking at the last candle (Friday's daily candle) it has a positive look. This comes out because Buyers have been able to hold the sellers to take price low further after a huge gap down. Now there are two confusing/conflicting images that come out when you compare weekly time frame candles Vs 15 min timeframe candles. Weekly candle shows negative outlook, however 15 min tf is at a stage of breakout either side, i.e. if price breaks up of 17400 then it has positive bias to close the gap. Any break on downside 1730 shows a potential downside till 17200 (1st target) and 17200 (2nd target). So how to read this market? My take is the following: 1. The higher Weekly timeframe will hold true, i.e. this week price will go down or form a doji in case if reversal/slow down of the trend is going to happen. This is because this week will define if Buyers will exit their trade and let sellers take market down. 2. Having said that, For Monday, basis Friday's daily candle, price is most likely to open Gap up some where around 17475 allowing Buyers to exit their positions and then day would close negative.
NSE:NIFTYShort
by abhi1invest
NIFTY Intraday Trade Setup For 13 Mar 2023NIFTY Intraday Trade Setup For 13 Mar 2023 Buy-Above 17455 Sl-17405 T- 17525 17600 Sell-Below 17365 Sl-17415 T- 17240 17147 NIFTY has closed on a bearish sentiment with 1% cut last week. On Mar 1 when NIFTY was @17450 it was updated that we are ready to give a pullback of the whole down move (starting from 18134) and that that pullback can come till 17800. It gave perfect and dot level pullback and once again fell sharply from 17800. Now below current week's low -17320 we will continue the down move. This leg can extend till 16690. Once again sentiment halt will be seen when we will close above PDH. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17455 then we will long for the target of 17525 and 17600. For selling we need a 15 Min candle close 17365. Fast momentum will come below 17320. T- 17240 and 17147. 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
NIFTY Intraday Trade Setup For 9 Mar 2023NIFTY Intraday Trade Setup For 9 Mar 2023 Buy-Above 17800 Sl-17750 T-17925 18045 Sell-Below 17690 Sl-17740 T-17600 17490 NIFTY has closed on a bullish sentiment with 0.24% gain. It has closed near day high. Above today's high bullish momentum will continue, only hurdle is 17800. Today it opened gap down and below our sell level. 10 o'clock range broke upside above 17713 and gave more than 50 points gain with good momentum. Today's low - 17600 is important as that is the hourly low below which a reversal will be seen. Above 17800 if sustained it will head higher. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17800 then we will long for the target of 17925 and 18045. For selling we need a 15 Min candle close below 17690. T- 17600 and 17490. 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 Mar 2023NIFTY Intraday Trade Setup For 8 Mar 2023 Buy-Above 17800 Sl-17750 T-17880 17960 Sell-Below 17670 Sl-17720 T-17585 17495 NIFTY has closed with positive gains of 0.67% last day. It was updated on 2 Mar trade setup that we have initiated the pullback move of the whole down move which lasted for 8 days. It was clearly told that we will test 17800 in this pullback which was finally hit on Monday. And after hitting as expected it acted as resistance and fell almost 100 points from there. Now 17800 is the gateway for the next up move. It will best suited if we get a small pullback before breaking 17800. On Monday it has formed a shooting star so below its low we can expect some fall. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 17800 then we will long for the target of 17880 and 17960. For selling we need a 15 Min candle close below 17670. T- 17585 and 17495. 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 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