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NIFTY Intraday Trade Setup For 6 Apr 2023NIFTY Intraday Trade Setup For 6 Apr 2023 Buy-Above 17571 Sl-17520 T- 17625 17677 Sell-Below 17510 Sl-17560 T- 17445 17378 NIFTY once again closed on a bold bullish note with 0.91% gain today. Buy triggered as per trade setup above 17430 and hit 1st target very smoothly (17430-17570+). Its momentum is better than BANKNIFTY since last few days. Next important resistance will be the near the trendline plotted. I will look for a bearish price price action (LHLL) or any sell setup to plan for a short. As said bullish sentiment will be intact till it safeguards PDL(CB). Some bullish momentum will be seen above today's high. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17571 then we will long for the target of 17625 and 17677-80. For selling we need a 15 Min candle close below 17510. T- 17445 and 17378. 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 Uptrend movement potential upto 17700 in 15 min timeframe.Nifty Uptrend movement potential upto 17700 in 15 min timeframe. Time frame:Day chart In higher time frame, Nifty is on downtrend movement. Check the moving average and Macd Indicator, Moving average 20 is below moving average 40 and MACD, the value is below zero. So, Nifty indicates downtrend movement in higher time frame. Time frame :15 minutes In 15 minutes ,the value of the Nifty breaks out of the parallel channel and is going up Trend up to 17700. Check the MA & MACD. THe value f MAC is above zero.Moving average 6 is above MA 20 && MA 20 is above MA40.So, this indicates Uptrend Movement in a lower time frame. Hope our analysis is adding value to your TRADING JOURNEY. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
NSE:NIFTYLong
by TanujaK
NIFTY Intraday Trade Setup For 5 Apr 2023NIFTY Intraday Trade Setup For 5 Apr 2023 Buy-Above 17430 Sl- 17380 T- 17530 17615 Sell-Below 17310 Sl-17360 T- 17195 17080 NIFTY has closed on a bullish sentiment with 0.22% gain. Bullishness will continue above today's high. In case its low is breached then there will be good down move. Best scenarios will be on flat opening for both side trades. There is a holiday on Tuesday so chance of a gap up/down opening on Wednesday . Above 17430 it will fill the gap near 17600. Bullish sentiment will be intact till we safeguard PDL on closing basis. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17430 then we will long for the target of 17530 and 17615. For selling we need a 15 Min candle close below 17310. T- 17195 and below 17190 we will test 17080. 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 Apr 2023NIFTY Intraday Trade Setup For 3 Apr 2023 Buy-Above 17385 Sl-17335 T- 17500 17600 Sell-Below 17305 Sl- 17355 T- 17193 17080 NIFTY has closed on bullish note last week. It ended with 2.45% gain. Monthly candle closed on Friday which is a neutral doji. After relentless selling of more than 3 months it has now shown sign of pause. High and low of this doji candle is very important. Below 16800 we will start the next leg of positional down move and above 17800 we will start a fresh up move in the short term. 17190 is very important point and key level for both sides. Next important resistance is 17600. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17385 then we will long for the target of 17500 and 17600. For selling we need a 15 Min candle close below 17305. T- 17193. Below 17190 we will test 17080. 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 - Contraction Burst (Weekly View)After A sharp up move from 15200 zone index gave almost 24% rally from bottom. After a trendy move index has declined 5% from top- 18800+. It has been trading in range since last 3 weeks; almost a month. The range is 18270 and 17760. This range has been formed in weekly TF. Looking at the weekly candles we can clearly sense that contraction has happened for a month. Contraction burst is likely to happen in the coming week on this range breakout. Now lets look at the target projections on each case. If range breaks downside below 17760 then we will test 16700 in between 17165 will be short term base/support. Weekly TF Daily TF Now if range breaks upside above 18270 the we will test 18900. Then if 18900 is sustained then there will breakout in monthly TF and we will test 19661 and 20000. Weekly TF Daily TF After breakout previous swing low/high in daily TF will be sl either side.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 31 Mar 2023NIFTY Intraday Trade Setup For 31 Mar 2023 Buy-Above 17130 Sl-17080 T- 17210 17300 Sell-Below 16990 Sl-17040 T- 16910 16815 NIFTY has closed on a bullish sentiment with 0.76% gain on Wednesday. It closed in a proper bullish sentiment after so many days. This bullishness will continue above last day's high- 17130. Important level for downside is 16900. This level is very crucial and breakdown will lead to a parabolic down move. Last day buy triggered and hit gave 50 points in the 1st go and 130 points in the second go. Tomorrow's ideal trades will be executed on flat opening. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17130 then we will long for the target of 17210 and 17300. For selling we need a 15 Min candle close below 16990. T- 16900 and 16815. 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 29 Mar 2023NIFTY Intraday Trade Setup For 29 Mar 2023 Buy-Above 16995 Sl-16945 T- 17117 17210+ Sell-Below 16910 Sl-16960 T- 16815 16700 NIFTY has closed on a slight bearish note with 0.2% cut. Today nothing triggered as per trade setup as it traded inside yesterday's range. 10 o'clock range broke downside below 16971 and gave more than 40 points gain which was more than 1:1. It has formed a base at 16915. Breakdown of 16900 will lead to a parabolic down move. Above 16995 if sustained we will head higher towards 17117 main hurdle will be today's high. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 16995 then we will long for the target of 17117 and 17210. For selling we need a 15 Min candle close below 16910. T- 16815 and 16700. 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 Mar 2023NIFTY Intraday Trade Setup For 28 Mar 2023 Buy-Above 17095 Sl-17045 T- 17210 17300 Sell-Below 16915 Sl-16965 T-16815 16700 NIFTY has closed on a slight bullish note with 0.24% gain. Inverted hammer like candle has been formed in daily TF which indicates bull's try in today's session. High and low of today's session is important for direction picking. Below today's low there can be good fall and if it sustains above 17095 then we can see good up move. Today buy triggered above 17000 and gave 90 points. It was kangaroo market today. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17095 then we will long for the target of 17210 and 17300. For selling we need a 15 Min candle close below 16915. T-16815 and 16700. 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 27 Mar 2023NIFTY Intraday Trade Setup For 27 Mar 2023 Buy-Above 17000 Sl- 17050 T- 17100 17200+ Sell-Below 16915 Sl-16965 T- 16825 16725 NIFTY has closed on a bearish sentiment last week and day. It closed with almost 1% cut last week. Current important levels are 17210 and 16800. Above 17210 we will plan the reversal trade towards 17600 and above. Below 16800 bearish move will continue and it will start the leg towards 16600 and 16200 (extreme case). However if we close in green and make a green candle this week then we will probably reverse in the coming weeks. Till then we have to follow the same sell on rise approach. Coming to Monday's trade setup, if index opens flat and a 15 Min candle close 17000 then we will long for the target of 17100 and 17200+ For selling we need a 15 min candle close below 16915. T- 16825 and 16725. 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
3
NIFTY Intraday Trade Setup For 24 Mar 2023NIFTY Intraday Trade Setup For 24 Mar 2023 Buy-Above 17120 Sl- 17070 T- 17200 17295 Sell-Below 17045 Sl-17095 T-16950 16850 NIFTY has closed on a bearish sentiment with 0.44% cut. It was a full volatile session from opening. Today it opened gap down and 10 o'clock range broke upside above 17131 and gave a good move till 17200+. Last swing high low was of 30 points so with 30 points sl it gave more than 70 points gain. Now 17210 is important for the upside move and we will plan the positional buy above 17210 for the initial target of 17600. Below 16800 once again we will sit on the sell leg positionally. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17120 then we will long for the target of 17200+ and 17295. For selling we need a 15 Min candle close below 17045. T- 16950 and 16850. 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 23 Mar 2023NIFTY Intraday Trade Setup For 23 Mar 2023 Buy-Above 17166 Sl-17115 T- 17270 17365 Sell-Below 17105 Sl-17155 T- 17028 16950 NIFTY has closed on a bullish sentiment with 0.26% gain. It has formed a spinning top candle in daily TF which is a sign of halt/rest. Above its high bullish momentum will continue and below its low if sustained we will see a down move. Today it opened with a small gap up and just traded between 10 o'clock range for the whole day. It was complete sideways after 10 o'clock. Consolidation before event in US may trigger a big move tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17166 then we will long for the target of 17220 and 17365. For selling we need a 15 Min candle close below 17105. T- 17028 and 16950. 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 22 Mar 2023NIFTY Intraday Trade Setup For 22 Mar 2023 Buy-Above 17130 Sl- 17080 T- 17215 17300+ Sell-Below 17065 Sl-17115 T- 16985 16905 NIFTY has closed on a bullish sentiment with 0.7% gain today. Today it opened with a gap up and buy triggered and hit our 1st target. 10 o'clock range also broke upside above 17087 and gave almost 40 points. In the weekend it was said that we are likely to make a bottom and before the up move we will give a pullback first. Same thing happened, on Monday we gave a pullback and after that we have started the up move and this leg can touch 17600 in the coming days. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17130 then we will long for the target of 17215 and 17300. For selling we need a 15 Min candle close below 17065. T- 16985 and 16905. 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 Mar 2023NIFTY Intraday Trade Setup For 21 Mar 2023 Buy-Above 17010 Sl-16960 T-17100 17190 Sell-Below 16920 Sl-16970 T- 16830 16730 NIFTY has closed on a bearish note with 0.65% cut. Today it opened and sell triggered below 17005 and hit both our targets (17005-16830). It bounce almost from the second target which was the daily low. It has formed a hammer in daily TF. So now its high and low are very important. Above its high - 17070 the trend is very to reverse in the coming days if its high is sustained. Since its a buyer's candle so lots of sls would have been placed below its low. So below 16820 there will be severe selling which will take us to lower levels. Both the levels are very important. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17010 then we will long for the target of 17100 and 17190. For selling we need a 15 Min candle close below 16920. T- 16830 and 16730. 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 20 Mar 2023NIFTY Intraday Trade Setup For 20 Mar 2023 Buy-Above 17146 Sl-17095 T- 17270 17455 Sell-Below 17005 Sl-17055 T- 16929 16850 NIFTY has closed a on a bearish sentiment with 1.8% cut last week. Positional sell was triggered below 17760 for the target of 16650-700. Target almost achieved as low made last week is 16850.15. Now the current week is the week for a price action cluster building chances are that we can make a bottom which will be considered on a bullish PA above 17150. However in daily TF it has made consecutive halt candles so after a pullback in hourly TF if we make a proper reversal price action above 17150 then we will switch and sit in the up move which will be updated. Also below current week's low- 16850 we will resume. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17146 then we will long for the target of 17270 and 17455. For selling we need a 15 Min candle close below 17005. T- 16929 and 16850. 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 17 Mar 2023NIFTY Intraday Trade Setup For 17 Mar 2023 Buy-Above 17065 Sl-17015 T- 17145 17230 Sell-Below 16950 Sl-17000 T-16850 16744 NIFTY has took a pause in the mega down move and closed on a flat note today. It is near our first weekly sell target which is 16600-700. Low made today is 16850.15. So we are are almost near to the bottom. It has formed a (hammer) halt/reversal candle in daily TF. Above its high if sustained we will start the pullback move. And as price matures we will have the clear view and upside targets. Next round of selling will resume below 16850. Today it opened and sell triggered below 16935 and hit our 1st target (16935-16850.15). Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17065 then we will long. T- 17145 and 17230. For selling we need a 15 Min candle close below 16950. T- 16850 and 16744. 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 Mar 2023NIFTY Intraday Trade Setup For 16 Mar 2023 Buy-Above 17025 Sl-16975 T- 17117 17225 Sell-Below 16935 Sl-16985 T- 18840 16744 NIFTY has closed on a bearish sentiment once gain with 0.42% gain. Our 1st leg of sell has been triggered below 17760. 2nd continuation level told was 17320. Till now it running very smooth as no sign of reversal has been been seen across TFs. There will be sign of reversal when we will close above PDH or make any reversal candle in daily TF. Today it opened with a big gap up directly at our 1st buy target. 10 o'clock range broke downside below 17125 and gave a move till 16940. With 45 points sl it gave more than 180 points. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17025 then we will long for the target of 17117. Above 17125 post rejection if we sustain then we will hit 17225. For selling we need a 15 Min candle close below 16935. T- 16840 and 16744. 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 15 Feb 2023NIFTY Intraday Trade Setup For 15 Feb 2023 Buy-Above 17080 Sl-17030 T- 17185 17270 Sell-Below 16985 Sl-17035 T-16885 16790 NIFTY has closed on a bearish sentiment with 0.65% cut. Below our sell continuation level - 17320 it has given almost 2% gain in just 2 days. It has hit 17k so we can now a pullback is very obvious. It is likely to give a bounce from 16990 which is 0.886 in daily TF. If this move matures then it can test 17600 also but the bullish structure has to be intact and has to safeguard PDL. This will be best on flat opening. Today it opened flat and sell triggered below 17110 and hit our 1st target - 16890 very smoothly. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17080 then we will long for the target of 17185 and 17270. For selling we need a 15 Min candle close below 16985. T- 16885 and 16790. 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 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 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