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NIFTY Intraday Trade Setup For 21 Aug 2023NIFTY Intraday Trade Setup For 21 Aug 2023 Bullish-Above 19380 Invalid-Below 19330 T- 19480 19570 Bearish-Below 19250 Invalid-Above 19300 T- 19133 19020 NIFTY has closed with slight bearish sentiment last week with 0.61% cut. Our swing short has been planned on 30 Jul. Our short level is 19560 and till now it is standing with more than 1:1 gain. Our target is already discussed multiple time which is near 18750 zone. Below 19280 we will get the next round of selling. No plan of buying till we get a bullish price structure in hourly and daily TF. As of now 19500 looks a important swing high as a reversal point. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19380 then we will long for the target of 19480 and 19570. For selling we need a 15 Min candle close below 19250. T- 19133 and 19020. 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 18 Aug 2023NIFTY Intraday Trade Setup For 18 Aug 2023 Bullish-Above 19390 Invalid-Below 19340 T- 19480 19570 Bearish-Below 19320 Invalid-Above 19370 T- 19250 19150 NIFTY has closed with a decent cut of 0.51% today. Sell triggered as per trade setup below 19410 and hit our 1st target very smoothly, then as usual bounce from the target zone. It has formed an inside candle in daily TF, so above 19485 if sustained by any chance then possibility of a big move tomorrow. However we will be buying above 19390. Below 19320 , simple short position. In case it sustains below 19250 then possibility of a big fall. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19390 then we will long for the target of 19465-80 and 19570. For selling we need a 15 min candle close below 19320. T- 19250 and 19150. 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 17 Aug 2023NIFTY Intraday Trade Setup For 17 Aug 2023 Bullish-Above 19485 Invalid-Below 19435 T- 19570 19655 Bearish-Below 19410 Invalid-Above 19460 T- 19331 19250 NIFTY has closed on a slight bullish note with 0.16% gain today. It opened with a decent gap down but after the 1st 15 Min candle liquidity was grabbed and it recovered. However sell was not triggered as per trade setup. Later 10 o'clock range broke upside above 19390 and gave almost 90 points gain, initially it hunted sl and in the 2nd attempt it went in flow. Above 19485 if sustained we get a good upside move which will be based on 19500 CE short covering. 19410 is the downside level. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19485 then we will long for the target of 19570 and 19655. For selling we need a 15 min candle close below 19410. T- 19331 and 19250. 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 16 Aug 2023NIFTY Intraday Trade Setup For 16 Aug 2023 Bullish-Above 19470 Invalid-Below 19420 T- 19560 19655 Bearish-Below 19340 Invalid-Above 19390 T- 19250 19150 NIFTY has closed absolutely flat today. It opened with a small gap down, below our sell level and fun fact is that 1st target was achieved in the 1st candle itself. Later it shot up till day high from the 1st support zone. 10 o'clock range broke upside, gave around 70 points gain. It has formed a Pin bar candle in daily TF so above 19470 we can expect bullishness. For fast downside move level is 19250 while we will short below 19340. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19470 then we will long for the target of 19560 and 19655. For selling we need a 15 Min candle close below 19340. T- 19250 an 19150. 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 14 Aug 2023NIFTY Intraday Trade Setup For 14 Aug 2023 Bullish-Above 19495 Invalid-Below 19445 T- 19575 19655 Bearish-Below 19410 Invalid-Above 19460 T- 19285 19175 NIFTY has closed on a slight bearish sentiment last week and day with 0.45% and 0.59% cut respectively. Last week we planned that we will re-enter the short trade below 19560 if triggered again. Now this is active, targets are already discussed which is near 18750 zone. It is likely to go in flow below 19290 if closed in daily TF. As of now index is in decline phase where it will be sideways-bearish. No planning of buy till we get a previous swing high breakout in daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19495 then we will long for the target of 19575 and 19655. For selling we need a 15 Min candle close below 19410. T-v19285 and 19175. 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 11 Aug 2023NIFTY Intraday Trade Setup For 11 Aug 2023 Bullish-Above 19650 Invalid-Below 19600 T- 19745 19845 Bearish-Below 19490 Invalid-Above 19540 T- 19381 19280 NIFTY has closed on a bearish note with 0.46% cut today. Nothing triggered as per trade setup today. It was discussed that if it opens gap down then 19530 zone can act as a support and it gave a small bounce of more than 50 points. It was volatile and then turned sideways as IV cool off after RBI announcement. Important levels are 19650 and 19490 for tomorrow's session to look for breakout. In case of a flat opening above 19560 there can be some bounce, however buy level is 19650. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19650 then we will long for the target of 19745 and 19845. For selling we need a 15 min candle close below 19490. T- 19381 and 19280. 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 Aug 2023NIFTY Intraday Trade Setup For 10 Aug 2023 Bullish-Above 19650 Invalid-Below 19600 T- 19745 19843 Bearish-Below 19465 Invalid-Above 19515 T- 19375 19280 NIFTY has closed on a bullish note with 0.32% gain today. It has formed a Pin bar candle in daily TF so we can expect some more bullish momentum above 19650, if sustained post 10o'clock or in 15 Min TF. Today it opened flat and sell triggered as per trade setup and gave more than 1:1 gain later it formed reversed structure and reversed. In case of a gap down 19535 zone will act as a support. For a trendy short we have to wait for 19465 breakout. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19650 then we will long for the target of 19745 and 19843. For selling we need a 15 Min candle close below 19465. T- 19375 and 19280. 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 09 Aug 2023NIFTY Intraday Trade Setup For 09 Aug 2023 Bullish-Above 19635 Invalid-Below 19585 T- 19737 19843 Bearish-Below 19530 Invalid-Above 19580 T- 19430 19341 NIFTY has closed on a slight bearish note with minor cut of 0.13% cut today. Since last 3 sessions index has lost momentum. Nothing triggered as per trade setup. Usually this type of contraction or momentum happens before any event/ big move. Lets see when momentum unfolds. 19635 and 19530 is the 100 points range for tomorrow's session to look for breakout. Tomorrow whichever side it trade gets triggered follow 10 o'clock range breakout along with that. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19635 then we will long for the target of 19737 and 19843. For selling we need a 15 Min candle close below 19530. T- 19430 and 19341. 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 08 Aug 2023NIFTY Intraday Trade Setup For 08 Aug 2023 Bullish-Above 19621 Invalid-Below 19570 T- 19737 19843 Bearish-Below 19520 Invalid-Above 19570 T- 19433 19341 NIFTY has closed on a bullish note with 0.41% gain today. In the weekend we discussed that we will cut our sell position at cost as it should have gone in flow. About the swing position we will update later on right time. It has closed near day high so above 19621 it will fill the gap created on 2 Aug. Below 19520 we will sit in sell. In hourly TF we have to watch carefully index sustaining below 19560. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19621 then we will long for the target of 19737 and 19843. For selling we need a 15 min candle close below 19520. T- 19433 and 19341. 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 07 Aug 2023NIFTY Intraday Trade Setup For 07 Aug 2023 Bullish-Above 19540 Invalid-Below 19490 T- 19640 19751 Bearish-Below 19450 Invalid-Above 19501 T- 19345 19250 NIFTY has closed on slight bearish note with 0.66% cut last week. Swing sell has been triggered below 19560 and last swing high is 19800 (sl). It gave almost 1:1 gain but projected target is near 18750 zone. If it sustains above our cost price then we will exit with NPNL and may plan our entry again. Above 19540 it can show bullish momentum in intraday only thing is that we have to be alert in trailing with 5 MIN swing lows and alert on reversal sign. Below 19450 it will have a good bearish stance. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19540 then we will long for the target of 19640 and 19751. For selling we need a 15 Min candle close below 19450. T- 19345 and 19250. 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 04 Aug 2023NIFTY Intraday Trade Setup For 04 Aug 2023 Sell_1-From 19451 Sl-19501 T- 19373 19300 Sell_2- Below 19290 Sl-19340 T- 19179 19065 NIFTY has closed on a bearish note once again with 0.74% cut. After our sell triggered below 19560 it is going in flow. Sell triggered as per trade setup below 19420 and hit our 1st target 19300 in flow. Bearish sentiment likely to continue below today's low and this is the high probability trade in tomorrow's session. Only thing is that only if 10 o'clock range breaks upside by making a morning star in 15 TF then we have to stop and reverse our position. Incase of a gap up we will short from 19450 with 5 min candle's low as entry point. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 19290 then we will short for the target of 19179 and 19065. Incase of a gap up we will short from 19450 with 5 Min candle's low as trigger. T- 19373 and 19300. 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 Aug 2023NIFTY Intraday Trade Setup For 03 Aug 2023 Bullish-Above 19560 Invalid-Below 19510 T- 19681 19775 Bearish-Below 19420 Invalid-Above 19470 T- 19300 19187 NIFTY has closed on a bearish note with more than 1% cut today. It opened with a big gap down today below our sell level. As per trade trade setup 10 o'clock range was to be used as per our setup. 10 o'clock range broke downside below 19615 and risk was 25 points as the last swing low was 19639. It gave a trendy move till 19425. No pullbacks were in between. In the weekend we discussed that index is likely to give a pullback in daily TF. It has been activated below 19560 today. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19560 then we will long for the target of 19681 and 19775. For selling we need a 15 Min candle close below 19420. T- 19300 and 19187. 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 02 Aug 2023NIFTY Intraday Trade Setup For 02 Aug 2023 Bullish-Above 19770 Invalid-Below 19720 T-19841 19935 Bearish-Below 19700 Invalid-Above 19750 T- 19630 19555 NIFTY has closed almost on a flat note with minor cut of 0.1% today. Yesterday we planned that if we get a rejection from PDH and then if buy triggers then a good bullish momentum can be expected. It gave a negligible rejection that is why bullish trade did not go in favour. We have a very tight range for tomorrow. 19770 and 19700 are key levels for tomorrow's session. We have to be neutral and let market decide which side it is ready. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19770 then we will long for the target of 19841-51 and 19935. For selling we need a 15 Min candle close below 19700. T- 19630 and 19555. 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 01 Aug 2023NIFTY Intraday Trade Setup For 01 Aug 2023 Bullish-Above 19775 Invalid-Below 19725 T- 19855 19935 Bearish-Below 19670 Invalid-Above 19720 T- 19565 19470 NIFTY has closed on a bullish note with 0.55% gain today. In the weekend we discussed that 19560 is an important weekly level below which a short would open for 18750 zone. But before that it formed a Pin bar candle in daily TF on Friday and expected bullish momentum above 19670, so has happened. Buy triggered as per trade setup above 19670 and hit our 1st target very smoothly. Trade gave around 100 points (19670-19772). After a small pullback from today's high if it gives a breakout then bullish momentum likely to continue. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19775 then we will long for the target of 19855 and 19935. For selling we need a 15 min candle close below 19670. T- 19565 and 19470. 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 31 Jul 2023NIFTY Intraday Trade Setup For 31 Jul 2023 Bullish-Above 19670 Invalid-Below 19620 T- 19755 19845 Bearish-Below 19560 Invalid-Above 19610 T-19470 19380 NIFTY has taken a pause in the bull run after hitting psychological zone of 20k which was also our buy target which we bought from 18460 for swing. A pullback is very logical after an impulse. This pullback/down move will be initiated below 19560,level is this and last week's low. It can test 18750 zone in this case. However I feel that we have to eat this in pieces. It has formed a Pin bar candle on last session. So on a flat opening we can expect some bullish moment above 19670 tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19670 then we will long for the target of 19755 and 19845. For selling we need a 15 Min candle close below 19560. T- 19470 and 19380. 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 Jul 2023NIFTY Intraday Trade Setup For 28 Jul 2023 Bullish-Above 19710 Invalid-Below 19660 T-19840 19935 Bearish-Below 19600 Invalid-Above19650 T- 19505 19413 NIFTY has closed on a bearish note with 0.6% cut today. Initially buy triggered as per trade setup which we avoided as it looks weak when it re-tested our buy level near 10 AM. Later 10 o'clock range broke downside below 19811 and gave a trendy move. Meanwhile sell also triggered as per trade setup below 19710 and hit our 1st target (19605) very smoothly. Incase of a gap up tomorrow first approach will be to sell below 1st 5Min candle low for gap filling target. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19710 then we will long for the target of 19840 and 19935. For selling we need a 15 min candle close below 19600. T- 19505 and 19413. 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 27 Jul 2023NIFTY Intraday Trade Setup For 27 Jul 2023 Bullish-Above 19830 Invalid-Below 19780 T- 19935 20045 Bearish- Below 19710 Invalid-Above 19760 T- 19615 19515 NIFTY has closed on a bullish note with 0.5% gain today. Yesterday we discussed that index looks slight bullish by yesterday's closing. It played out very well. Buy triggered as per trade setup above 19710 and hit our 1st target (19825) which was half bat (0.5) PRZ. It acted as a killer resistance in today's market. If NIFTY sustains below 19750 then it will have bearish stance. Above 19830 it will give a breakout towards ATH. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19830 then we will long for the target of 19935 and 20045. For selling we need a 15 min candle close below 19710. T- 19615 and 19515. 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
8
NIFTY Intraday Trade Setup For 26 Jul 2023NIFTY Intraday Trade Setup For 26 Jul 2023 Bullish-Above 19710 Invalid-Below 19660 T- 19811 19915 Bearish-Below 19610 Invalid- Above 19660 T- 19515 19413 NIFTY has closed on an absolute flat note today. Nifty has been trading in a falling channel since last 3 sessions. Breakout of this would propel market to give a directional move. Breakout levels are 19710 in the upside and 19610 in the downside, has to sustain in 15 Min TF. We have to be neutral for both side. However it looks a bit ready for upside as per today's closing. Today sell triggered as per trade setup which hit 50 points sl. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19710 then we will long for the target of 19811 and 19915. For selling we need a 15 Min candle close below 19615. T- 19515 and 19413. 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
4
NIFTY Intraday Trade Setup For 25 Jul 2023NIFTY Intraday Trade Setup For 25 Jul 2023 Buy-Above 19785 Sl-19735 T- 19915 20045 Sell-below 19655 Sl-19705 T- 19554 19430 NIFTY has closed on a slight bearish note with 0.37% cut today. It was a volatile session where all up moves were sold into. Last week our swing long target was hit and then today our TSL was also hit below 19700. It was said that bullish sentiment likely to change on TSL. And today it was sensed when all up moves were shorted. 19785 and 19655 are important levels for tomorrow's session. No bullishness till we make a higher high structure in hourly TF. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19785 then we will long for the target of 19915 and 20045. For selling we need a 15 Min candle close below 19655. T- 19554 and 19430. 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
5
NIFTY Intraday Trade Setup For 24 Jul 2023NIFTY Intraday Trade Setup For 24 Jul 2023 Buy-Above 19825 Sl-19775 T- 19935 20045 Sell-Below 19700 Sl-19750 T- 19554 19430 NIFTY has closed on a bearish note last Friday with more than 1% cut. It was said that our swing long position is 20k which was almost hit, so a profit booking was obvious. We longed from 18460 then above 18900 we opted PDL as TSL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. On Friday it closed below so below 19700 we will book full position in long. If our TSL is hit then chances of a sentiment change will be there which means there can be a profit booking. Also all previous week's low have been safe, break of that also may trigger profit booking. However we need a proper bearish structure in daily TF to consider this or else it will be still bullish to sideways. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19825 then we will long for the target of 19935 and 20045. For selling we need a 15 Min candle close below 19700. T- 18554 and 19430. 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 21 Jul 2023NIFTY Intraday Trade Setup For 21 Jul 2023 Buy-Above 19995 Sl-19945 T- 20076 20161 Sell-Below 19920 Sl-19970 T- 19805 19684 NIFTY has closed on a bullish note once again with 0.74% gain. It opened flat and then buy triggered as per trade setup above 19855 and hit 1st target very smoothly. Trade gave a good momentum from 19855 till 19990+. So our 1st target in swing long (from 18460) position is hit finally. We are close to psychological level of 20k. One can book some if sell triggers as per trade setup in intraday and book full when opted TSL is hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then enjoy the open sky momentum. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19995 then we will long. T- 20076 and 20161. For selling we need a 15 min candle close below 19920. T- 19805. Below 19800 post bounce T- 19684. 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 20 Jul 2023NIFTY Intraday Trade Setup For 20 Jul 2023 Buy-Above 19855 Sl-19805 T- 19940 20026 Sell-Below 19725 Sl-19775 T- 19637 19555 NIFTY has closed on a bullish note with 0.42% gain today. Since last two days intraday momentum have dropped. Since last two days index is almost sideways. Although our swing long position is going well. We have longed from 18460 and above 18900 we opted TSL as PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs. However we are very close to our psychological target of 20000. One can book some in this region and book full when trailing is hit. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19855 then we will long for the target of 19940 and 20026. For selling we need a 15 Min candle close below 19725. T- 19637 and 19555. 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 19 Jul 2023NIFTY Intraday Trade Setup For 19 Jun 2023 Buy-Above 19780 Sl-19730 T- 19905 20005 Sell-Below 19690 Sl-19740 T- 19555 19460 NIFTY has closed almost on a flat note with some positive gains of 0.19%. It opened with a decent gap up but first target was achieved as per the trade setup. Later 10 o'clock range broke downside below 19738 and gave small gain of 40+ points gain. Moreover it was a sideways market, made a spinning top candle in daily TF. Below today's low we can expect decent down move in intraday. Sustaining above 19780 can initiate the mother trend. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19780 then we will long for the target of 19705 and 20005. For selling we need a 15 Min candle close below 19690. T- 19555 and 19460. 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