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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
NIFTY Intraday Trade Setup For 18 Jul 2023NIFTY Intraday Trade Setup For 18 Jul 2023 Buy-Above 19735 Sl-19685 T- 19815 19905 Sell-Below 19645 Sl-19695 T- 19555 19460 NIFTY has closed on a bullish note once again with 0.75% gain today. Last day a trendline was plotted and was said that a pullback is need, small or big does not matter. Then buy triggered as per trade setup above 19600 and hit 1st target EOD (19600-19731+). Our swing long position from 18460 is still intact. Above 18900 we have opted PDL as TSL. If a daily candle closes below PDL and that red candle's low is breached then we will exit longs. However we are at striking distance to an important psychological level- 20000. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19735 then we will long for the target of 19815 and 19905. For selling we need a 15 min candle close below 19645. 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
NIFTY Intraday Trade Setup For 17 Jul 2023NIFTY Intraday Trade Setup For 17 Jul 2023 Buy-Above 19600 Sl-19550 T- 19705 19802 Sell-Below 19480 Sl-19530 T- 19384 19300 Yet another bullish week added in our gains in NIFTY. It closed with 1.2% gain last week. Our swing long position from 18460 is still intact. 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 our long. Till then ride the momentum till it is. There will be a chance of reversal only when our TSL is hit. So there is no point in contra view. A trendline has been plotted on 15 Min TF, post rejection it will be a breakout. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19600 then we will long for the target of 19705 and 19802. For selling we need a 15 Min candle close below 19480. T- 19384 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 14 Jul 2023NIFTY Intraday Trade Setup For 14 Jul 2023 Buy-Above 19485 Sl-19435 T- 19570 19657 Sell-Below 19385 Sl-19435 T- 19271 19181 NIFTY has closed almost on a flat note today. But triggered as per trade setup above 19520 and gave 1:1 target. Later usual behaviour of the week - sell the rise kicked in. Daily swing breakout above 19525 did not happen today. So now the breakout level in daily TF is above 19570. In hourly TF it is forming a rising wedge formation; breakout yet to happen any side. Moreover it was a total consolidation market this week. We can expect a trendy move in the next week only. Coming to Friday'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 19657. For selling we need a 15 Min candle close below 19385. T- 19271 and 19181. 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 13 Jul 2023NIFTY Intraday Trade Setup For 13 Jul 2023 Buy-Above 19520 Sl- 19470 T- 19630 19745 Sell-Below 19360 Sl- 19410 T- 19271 19181 NIFTY has closed on a bearish sentiment with 0.28% cut today. It has closed below PDL so today's low is very important. If today's low is breached then our TSL in long will be hit. Also there can be change in trend and sentiment on TSL. The next bullish momentum will be triggered above 19525. Moreover this week is turning declined sideways. Sell triggered at the time of closing so no trade was triggered as per trade setup. However 10 o'clock range broke downside and gave around 70 points. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19520 then we will long for the target of 19630 and 19745. For selling we need a 15 Min candle close below 19360. T- 19271 and 19181. 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 12 Jul 2023NIFTY Intraday Trade Setup For 12 Jul 2023 Buy-Above 19520 Sl-19470 T- 19630 19745 Sell-Below 19400 Sl-19450 T- 19290 19181 NIFTY has closed with 0.43% gain today. Buy triggered as per trade setup above 19410 and hit our 1st target very smoothly (19410-19515). 19500 region was our target and it totally crashed after that. It has closed with positive gains but it ended on a bearish note. Below 19400 there can be good selling pressure as per the shooting star candle in daily TF. Above 19520-25 we will give a sharp rally. Also our TSL in long from 18640 is still intact. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19520 then we will long for the target of 19630 and 19745. For selling we need a 15 Min candle close below 19400. T- 19290 and 19181. 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 July 2023NIFTY Intraday Trade Setup For 11 July 2023 Buy-Above 19410 Sl-19360 T- 19500 19620 Sell-Below 19325 Sl-19375 T- 19225 19123 NIFTY has closed almost flat today with slight gain of 0.12% gain today. It formed an inside candle in daily TF which is a sign of contraction/consolidation. Today was an important day for our swing long position as Friday's low was our TSL. Now we need another candle which closes below PDL for our TSL. It was a volatile session since opening. Buy triggered as per trade setup which hit sl. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19410 then we will long for the target of 19500+ and 19620 above 19525. For selling we need a 15 Min candle close below 19325. T- 19225 and 19123. 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 Jul 2023NIFTY Intraday Trade Setup For 10 Jul 2023 Buy-Above 19420 Sl-19370 T- 19523 19620 Sell-Below 19300 Sl-19350 T- 19213 19121 NIFTY has created a bearish sentiment on Friday ending the day with 0.85% cut. We have longed from 18460 and its TSL we followed is still intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit. On Friday it closed below PDL and now if it breaks its low- 19300 then our TSL will be hit and will exit the longs. Next bullish momentum above 19525. For a sell it has to make a bearish price structure in daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19420 then we will long. T- 18523 19620. For selling we need a 15 Min candle close below 19300. T- 19213 and 19121. 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 Jul 2023NIFTY Intraday Trade Setup For 07 Jul 2023 Buy-Above 19515 Sl-19465 T- 19606 19717 Sell-Below 19430 Sl-19480 T- 19339 19253 NIFTY has closed on a positive note with 0.51% gain today. Yesterday it was mentioned that on a flat opening bullishness will be there from first half. It opened almost flat and buy triggered above 19435 and 1st target was almost achieved (19435-19512+). Now we have a small trendline resistance in 15 Min TF. Above this once again bullish momentum will kick in. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 19515 and 19430 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19515 then we will long for the target of 19606 and 19717. For selling we need a 15 Min candle close below 19430. T- 19339 and 19253. 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 Jul 2023NIFTY Intraday Trade Setup For 06 Jul 2023 Buy-Above 19435 Sl-19385 T- 19527 19620 Sell-Below 19335 Sl-19385 T- 19253 19175 NIFTY has closed on a complete flat note today. It has formed an inside candle in daily TF. It was a complete rangebound session with momentum almost cemented. It has formed a range in 15 Min TF. Breakout of 19435 and 19335 will give us a trendy move. On a flat opening it may maintain a bullish stance in the first half. session. Sentiment is bullish across TF, slight sentimental change will be there when we close below PDL and that red candle's low is breached. That is also the TSL for our swing low position. Coming to Thursday's trade setup, if index opens flat and a 15 min candle close above 19435 then we will long for the target of 19527 and 19620. For selling we need a 15 min candle close below 19335. T- 19253 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