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NIFTY Intraday Trade Setup For 17 May 2023NIFTY Intraday Trade Setup For 17 May 2023 Buy-Above 18380 Sl-18330 T- 18460 18535 Sell-Below 18260 Sl-18310 T- 18190 18110 NIFTY has closed on a bearish note with 0.68% cut. It has closed below PDL so below today today's low our TSL in long will be hit. And we can expect some fall as a pullback of the uptrend. Also there will be a trendline breakdown in hourly TF. Today sell triggered as per trade setup and gave 115 points gain (18380-18265). This profit booking is triggered as we hit ATH in BANKNIFTY and a correction is obvious from resistance. Bullish momentum above 18380. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18380 then we will long for the target of 18460 and 18535. For selling we need a 15 Min candle close below 18260. T- 18190 and 18110. 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 May 2023NIFTY Intraday Trade Setup For 16 May 2023 Buy-Above 18460 Sl-18410 T- 18535 18610 Sell-Below 18380 Sl-18430 T- 18287 18190 NIFTY has closed on a bullish sentiment with 0.46% gain today. Our swing long trade from 17685 ( from 24 Apr) is intact. It is giving more than 700 points gain as of now. If a daily candle closes below PDL and that red candle's is breached then we will exit our longs with TSL. In case of TSL possibility of a pullback will open up. Bullishness likely to continue above today's high- 18460. Index will be weak below trendline on a bearish price structure. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18460 then we will long for the target of 18535 and 18610. For selling we need a 15 Min candle close below 18380. T- 18287 and 18190. 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 15 May 2023NIFTY Intraday Trade Setup For 15 May 2023 Buy-Above 18345 Sl-18295 T- 18430 18510 Sell-Below 18265 Sl-18315 T- 18190 18115 NIFTY has closed on a bullish sentiment last day and week with 0.10% and 1.36% gain respectively. Last week it was said that we may have a sideways momentum, except Monday it was sideways rest of the days. Based on that range important levels are 18400 and 18200. Sustained breakout of this range will give us a good directional move either side. Also we have been holding our longs from 17685 ; TSL being intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit longs and in that case there will be a pullback scenario. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18345 then we will long for the target of 18430 and 18510. For selling we need a 15 Min candle close below 18265. T- 18190 and 18115. 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 12 May 2023NIFTY Intraday Trade Setup For 12 May 2023 Buy-Above 18351 Sl-18300 T- 18430 18510 Sell-Below 18270 Sl-18320 T- 18195 18125 NIFTY has once again closed almost on a flat note today. It opened with a decent gap up and spiked in the 1st candle itself. Later buy triggered as per trade setup which hit 50 points sl. It traded inside 10 o'clock range till 3 PM. Tomorrow we will use the range formed to trade on breakout. 18351 and 18270 is the range. Best trade will be in long side if triggers. It was said in the beginning of this week that a sideways momentum is very much possible which is common after an impulse, so has happened. Next week can be trending on broader range breakout. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18351 then we will long for the target of 18430 and 18510. For selling we need a 15 Min candle close below 18270. T- 18195 and 18125. 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 May 2023NIFTY Intraday Trade Setup For 11 May 2023 Buy-Above 18330 Sl-18280 T- 18415 18510 Sell-Below 18265 Sl-18315 T- 18205 18125 NIFTY has closed on a slight bullish note with 0.27% gain. It has formed a pin bar in daily TF which shows bullishness. Till now our TSL in long from 17685 is not hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs and there will be sentimental halt which may then initiate the pullback move of the up move. Bullishness likely to continue above today's high. Best case will be on a flat opening. Also there will be panic selling below 18210. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18230 then we will long for the target of 18415 and 18510. For selling we need a 15 Min candle close below 18265. T- 18205. Below 18200 we will test 18125 and lower levels. 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 10 May 2023NIFTY Intraday Trade Setup For 10 May 2023 Buy-Above 18285 Sl-18235 T- 18350 18435 Sell-Below 18225 Sl-18275 T- 18135 18040 NIFTY has closed on a flat note today. It opened almost flat and buy triggered above 18290 and gave more than 50 points gain which was 1:1. Later a profit booking was seen from day high. This sentiment may continue below today's low- 18229 if sustained. It has given an impulsive move recently so there a possibility of sideways momentum till expiry. Today's high and low are important for a good move on breakout. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18285 then we will long for the target of 18350 and 18435. For selling we need a 15 Min candle close below 18225. T- 18135 and 18040. 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 May 2023NIFTY Intraday Trade Setup For 09 May 2023 Buy-Above 18290 Sl-18240 T- 18365 18450 Sell-Below 18215 Sl-18265 T- 18135 18055 NIFTY has closed on a bullish sentiment with more than 1% gain today. Index failed to hit our long trailing sl and resumed the uptrend which we are riding. Buy triggered as per trade setup above 18170 and hit our 1st target very smoothly. Trade gave more than 110 points gain (18170-18286+). Index will turn its sentiment to bearish only when we will close below PDL and that red candle's low will be breached. Or else it will head towards ATH. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18290 then we will long for the target of 18365 and 18450. For selling we need a 15 Min candle close below 18215. T- 18135 and 18055. 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 May 2023NIFTY Intraday Trade Setup For 8 May 2023 Buy-Above 18170 Sl-18120 T- 18270 18365 Sell-Below 18055 Sl-18105 T- 17957 17873 NIFTY has closed on bearish sentiment last day with 1% cut and almost flat last week. It has formed a shooting star in weekly TF. Below its low- 18055 we will start a small down move which will be the pullback of the mega up move. Pullback move can take NIFTY to 17800 zone. We will resume the bullish momentum if this week's low is safe and we cross 18270. Tomorrow's opening will have a sentiment impact on tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18170 then we will long for the target of 18270 and 18365. For selling we need a 15 Min candle close below 18055. T- 17957 and 17873. 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 4 May 2023NIFTY Intraday Trade Setup For 4 May 2023 Buy-Above 18117 Sl-18070 T- 18180 18250 Sell-Below 18040 Sl-18090 T- 17945 17855 NIFTY has closed on a slight bearish note with 0.32% cut today. It opened with a slight gap down and sell triggered below 18100. Trade gave more than 50 points gain which was 1:1. It has formed a pin bar in daily charts and closed below PDL. A sentimental halt/reversal will be triggered below its low- 18040. Index will be in a profit booking mode below this. IF its low is safe and we sustain above today's high then bullish sentiment will be intact. We will simply plan our trade on today's range. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 18117 then we will long for the target of 18180 and 18250-65. For selling we need a 15 min candle close below 18040. T- 17945 and 17855. 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 5 May 2023NIFTY Intraday Trade Setup For 5 May 2023 Buy_1-Above 18270 Sl-18220 T- 18365 18450 Buy-_2- 18165 Sl-18115 T- 18260 18320 NIFTY has closed on a bullish sentiment with 0.92% gain. It was a great day as it was clear cut trending and did not panic at all. Buy triggered as per trade setup today. Trade gave more than 150 points points gain and hit both targets (18117-18267+). On 23 Apr it was said that above 17685 we will start the impulsive move. After long triggered it has given non stop rally and more than 550 points gain. If a daily candle closes below PDL and that red candle's low is breached then our TSL will be hit and a sentimental halt will take place in that case. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18270 then we will long for the target of 18365 and 18450. In case we open below today's high and 18165 is tested in the first half then we will long from there for the target of 18260 and 18320. 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 3 May 2023NIFTY Intraday Trade Setup For 3 May 2023 Buy-Above 18185 Sl-18135 T- 18250 18320 Sell-Below 18100 Sl-18150 T- 17997 17925 NIFTY has closed on a bullish note with 0.46% gain today. While majority was contributed via gap up. It was full sideways within 50 points range almost whole day. This much range bound happened after months. Move likely to come above and below today's low and high. If it sustains below today's low- 18100 then we may proceed towards 17900 zone. Bullish momentum likely to continue above today's high. Sentiment halt will take place when we will close below PDL. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18185 then we will long for the target of 18250 and 18320. For selling we need a 15 Min candle close below 18100. T- 17997 and 17925. 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 May 2023NIFTY Intraday Trade Setup For 02 May 2023 Buy-Above 18090 Sl-18040 T-18155 18220 Sell-Below 17980 Sl-18030 T-17910 17847 NIFTY closed on a bullish sentiment with 0.84% and 2.5% last day and week respectively. Last week it was said that above 17685 we will start a fresh impulse. After long triggered above 17685 we have got 400 points gain. We will keep riding this with PDL (CB) as trailing sl. Bullishness likely to continue above 18100 if sustained this week. Sentimental halt possibility will be there when we will close below PDL. We are heading towards all time high in the short term. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18090 then we will long for the target of 18155 and 18220. For selling we need a 15 Min candle close below 17980. T- 17910 and 17847. 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 Apr 2023NIFTY Intraday Trade Setup For 28 Apr 2023 Buy-Above 17935 Sl-17885 T- 18035 18140 Sell-Below 17855 Sl-17905 T- 17765 17670 NIFTY has closed on a bullish note with 0.57% gain today. It was another fantastic day for bulls. Buy triggered as per trade setup above 17830 and hit our 1st target very smoothly. Trade gave more than 100 points (17830-17931) which was 1:2. Last week it was said that above 17685 we will start a fresh impulse in the upside with power. Till now it has given very smooth profit after 17685 was triggered (17685-17935+). Bullishness once again likely to continue above today's high. Coming to Friday's trade setup, if index opens flat and 15 Min candle closes above 17935 then we will long for the target of 18035 and 18140. For selling we need a 15 min candle close below 17855. T- 17765 and 17670. 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 Apr 2023NIFTY Intraday Trade Setup For 27 Apr 2023 Buy-Above 17830 Sl-17780 T- 17906 17978 Sell-Below 17765 Sl-17815 T- 17688 17610 NIFTY has closed on a bullish sentiment with 0.25% gain today. Bullishness likely to continue above today's high. We will simply align with the trend and ride the trend with TSL as previous swing lows in 5/15 Min TF. Today sell triggered below 17745 as per trade setup, meanwhile it was updated to exit at cost as it took support from the trendline plotted. If not then it it hit 50 points sl. We have to always be prompt with the market dynamics. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17830 then we will long for the target of 17906 and 17978. For selling we need a 15 Min candle close below 17765. T- 17688 and 17610. 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 26 Apr 2023NIFTY Intraday Trade Setup For 26 Apr 2023 Buy-Above 17810 Sl-17760 T- 17910 18025 Sell-Below 17745 Sl-17795 T- 17670 17610 NIFTY has closed with a slight positive gain today. It has formed a spinning top candle which is a sign of indecision. Market is still in consolidation mode and waiting for some trigger on chart. Today buy triggered above 17755 and gave a move till 17807 which was almost 1:1. It is likely to show good upside momentum above 17810. If 17710 is sustained in the downside then we can slide till some extent. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17810 then we will long for the target of 17910 and 18025. For selling we need a 15 Min candle close below 17745. T- 17670 and 17610. 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 25 Apr 2023NIFTY Intraday Trade Setup For 25 Apr 2023 Buy-Above 17755 Sl-17705 T-17832 17910 Sell-Below 17690 Sl-17940 T- 17610 17550 NIFTY has closed on a bullish sentiment with 0.68% gain today . It opened with a decent gap up and sold off right after opening. Buy triggered 17665 after 12:45 and gave a non stop rally till 17554. On weekend we discussed that index can take any direction from last week's close. We planned a short below 17550 which was not tested. We also discussed that above 17665 if sustained we can start a fresh impulse and reason behind the parabolic up move was this - 'fresh impulse'. Bullishness likely to continue above today's high. Major downside structure opens only below 17550. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17755 then we will long for the target of 17832 and 17910. For selling we need a 15 Min candle close below 17690. T- 17610 and 17555. 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 24 Apr 2023NIFTY Intraday Trade Setup For 24 Apr 2023 Buy-Above 17665 Sl-17615 T- 17790 17910 Sell-Below 17550 Sl-17600 T- 17450 17370 NIFTY closed on a bearish sentiment last week with 1% cut. On Friday it closed absolutely flat. Last week it was clearly said that a pullback is very much possible and with no surprise we witnessed more around 1.5% fall this week. Moreover it was sideways on close to close basis the last 4 sessions. It has formed a descending triangle in hourly TF, its base line is 17550. Breakdown of this will extend the down move near 17320-40. However the last candle is a small pinbar. Above 17685 if sustained then we may start an impulse. Let market decide which side it sustains. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17665 then we will long for the target of 17790 and 17910. For selling we need a 15 Min candle close below 17550. T- 17450 and 17370. 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 21 Apr 2023NIFTY Intraday Trade Setup For 21 Apr 2023 Buy-Above 17685 Sl-17635 T- 17785 17885 Sell-Below 17570 Sl-17630 T- 17475 17375 NIFTY has closed once again a flat note today. It has once again on bears grip if we see it EOD. It was almost sideways and there is no surprise in that as on 18-19 Apr trade setup it was updated that it has entered contraction phase. For 3 days it is hovering at the same level. It has formed an descending triangle pattern in hourly TF. Base level is 17570, breakdown will initiate the down move. While 17685 is important for upside in case support is not broken. Coming to Friday's trade setup, if index opens flat and 15 Min candle closes above 17685 then we will long for the target of 17785 and 17885. For selling we need a 15 Min candle close below 17570. T- 17475 and 17375. 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 Apr 2023NIFTY Intraday Trade Setup For 20 Apr 2023 Buy-Above 17670 Sl-17620 T-17775 17865 Sell-Below 17570 Sl-17620 T- 17497 17425 NIFTY has closed on a slight bearish sentiment today with a minor cut of 0.23%. Yesterday it was clearly told that index has shown sign of bearishness and their grip in market. It will last when we will get a good green close in daily TF. Last day the 2 observations were shared that has started the pullback/down move. Today also in nut shell it was bearish. While nothing triggered as per trade setup today. This happened as it trading in only 87 points range throughout day. It has been updated we are in contraction mode. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17670 then we will long for the target of 17775 and 17865-75. For selling we need a 15 Min candle close below 17570. T- 17497 and 17425. 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 Apr 2023NIFTY Intraday Trade Setup For 19 Apr 2023 Buy-Above 17710 Sl-17660 T- 17801 17877 Sell-Below 17570 Sl-17620 T-17497 17425 NIFTY has closed a on slight bearish sentiment with 0.26% cut. It has formed an inside candle in daily TF which is a sign of contraction and is common after a big move. BTW it was bearish since the 1st candle. It was under bears control and its sentiment was sensed in two major places one when the 1st 15 Min candle's low was breached and 2nd when 17700 was made a resistance. This sentiment will be on till we make a bullish candle in daily TF. Also it can continue the bearish stance below 17610 if sustained properly. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17710 then we will long for the target of 17801 and 17877. For selling we need a 15 Min candle close below 17570. T- 17497 and 17425. 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 Apr 2023NIFTY Intraday Trade Setup For 18 Apr 2023 Buy-Above 17720 Sl-17670 T-17801 17875 Sell-Below 17650 Sl-17700 T- 17570 17497 NIFTY has closed on bearish sentiment with 0.618% cut . In the weekend it was told that we are going to give a pullback of the up move and with no surprise it was triggered today . As said 'pullback is the fuel for impulse' so after this pullback above 17865 the next impulsive leg will be triggered in the upside. While below today's low it can test 17425 and may form a base or Higher low in this region. Today sell triggered and more than 1:1 as the 1st Min candle was just too big although sell triggered. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17720 then we will long for the target of 17801 and 17875. For selling we need a 15 Min candle close below 17650. T- 17570 and 17497. Ext T- 17425. 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 Apr 2023NIFTY Intraday Trade Setup For 17 Apr 2023 Buy-Above 17845 Sl-17795 T- 17930 18035 Sell-Below 17729 Sl-17780 T- 17639 17550 NIFTY has closed on a flat note last day and formed a hanging man in daily TF. If the next immediate candle closes below its low then below that red candle's low it will initiate the pullback move of the sharp up move. Also we we have been trailing our longs with TSL as PDL (CB) which is also intact now. Also we have initiated a mid term bullish momentum just after we got a morning star in weekly TF which was near 0.58 FIB ration also. We have breached previous month's high also. So after a pullback we will start the next round of up move. As 'pullback is the fuel for the impulse'. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17845 then we will long for the target of 17930 and 18035. For selling we need a 15 Min candle close below 17729. T- 17639 and 17550. 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