Get started

Niftyforecast

NIFTY Intraday Trade Setup For 20 Oct 2022NIFTY Intraday Trade Setup For 20 Oct 2022 Buy-Above 17560 Sl-17510 T- 17630 17720 17808 Sell-Below 17470 Sl-17525 T-17390 17340 17290 NIFTY has closed on a flat note with 25 points gain today. Last day we planned buy above 17530 which almost hit our 1st target and gave 70 points gain. Later 10 o'clock range broke downside and gave 60 points in downside. Closing is flat so any side move will come the next day. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17560 then we will long for the target of 17610-30. Next targets will be 17720 and 17808. For selling we need a 15 Min candle close below 17470. Target will be 17390, 17340 and 17290. Be strict with trailing (cost) with RR ratio. 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 levels for 20.10.2022Resistance level: 17592.20 Support level : 17476.70 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. ****Fib Retracement levels will act as the support or resistance**** Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:NIFTY
by AATHIE
Morning Mantra, 19th October 2022What a Wonderful Day it was yesterday! Where Nifty made a beautiful high of around of 17527, and not just that but it also managed to give us a stable closing of above 17270, for another consecutive day. Well as of now, since the festive mood is on, there’s a need to stay cautious till the next week. Where if Nifty consistently manages to sustain above the stated level of 17270, then it will be quite a good sign for the Market. However, in the meanwhile, continue being stock specific, with the support of 17270 and 16940. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17486.95 (175.15) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 19 Oct 2022NIFTY Intraday Trade Setup For 19 Oct 2022 Buy-Above 17530 Sl-17480 T-17630 17720 17808 Sell-Below 17430 Sl-17480 T-17350 17290 17230 NIFTY has closed on a positive gain with 1% gain. Daily range - 17430 and 17430 has been broken in the higher side. Now trail sl to cost and ride the move. This move can be extended till 18100 and above 18100 we can hit a fresh ATH. Today we got a good move above 17430 till our 2nd target near 17530. This bullish sentiment will continue above today's high. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17530 then we will long for the target for 17630, 17720 and 17808. Trail with RR ratio. For selling we need a 15 Min candle close below 17430. Target will be 17350, 17290 and 17230.Index will be weak if a 15 Min candle closes below 17440. 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 levels for 19.10.2022Resistance level: 17523.70 Support level : 17391 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:NIFTY
by AATHIE
2
Morning Mantra, 18th October 2022Good Morning! Finally yesterday we got to witness a beautiful breakout of 17270 in Nifty. After which we ultimately got a successful closing of around 17300. Indeed, this is a good news for us. However, keeping in mind about the Diwali holidays, we have to be a little cautious currently. Where according to the current market sentiments, we have to be stock specific, with the support of 17270 followed by 16940. After which, if the index consistently manages to sustain above the level of 17270 on closing basis, then just as we have already stated, we can see a sharp rally in the upcoming days. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17311.80 (126.10) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 18 Oct 2022NIFTY Intraday Trade Setup For 18 Oct 2022 Buy-Above 17350 Sl-17300 T- 17430 17530 17610 Sell-Below 17269 Sl-17350 T- 17190 17100 17000 NIFTY has closed on a positive sentiment with 0.73% gain. This sentiment will continue above today's high. Above 17430 the daily range will be broken and we may see an fresh rally till 18100, if sustains above then next target will be a fresh ATH. Last day we planned to sell below 17169 on a 5 Min candle close , this trade gave 70 points and then bullish price structure established and it moved up. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17350 then we will long for the target of 17430, 17530 and 17610. For selling we need a 5/15 min candle close below 17269. Target will be 17190, 17100. Below 17095 we will test 17000. 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 levels for 18.10.2022Resistance level: 17373.95 Support level : 17247.35 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:NIFTY
by AATHIE
Morning Mantra, 17th October 2022Good Morning! On observing the last trading session, we can say that the Market is somehow still struggling in between the levels of 16940 and 17270. So, currently we have to be a little cautious. Besides, if the index somehow breaks down the level of 16940 on closing basis, then it can create some panic in the Market. Altogether, until then, stay stock specific, be cautious and wait and watch for the either side breakdown or breakout in Nifty. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17185.70 (171.35) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 17 Oct 2022NIFTY Intraday Trade Setup For 17 Oct 2022 Buy-Above 17350 Sl-17300 T-17430 17530 Sell-Below 17169 Sl-17225 T- 17050 16950 NIFTY has closed on a negative note on Friday with positive gains (1%) which came only via a big gap up. Important levels are 17430 and 17440. This range breakout will give us the next directional move. Above 17430 we will hit 18100 and a fresh ATH. Below 17440 we will hit 16066. Till then avoid taking any overnight positions in index as index is having no trend as of now. Testing today's high will be the 1st indication of bullish momentum which will start above 17430. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17350 then we will long for the target of 17430 and 17530. If a 5/15 Min candle closes below 17169 then we will short for the target of 17050 and 16950. A pullback/bounce will be considered before breakdown of 17169. 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 levels for 17.10.2022Resistance level: 17279.45 Support level : 17098.15 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. Note: pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:NIFTY
by AATHIE
Morning Mantra, 14th October 2022Good Morning! In the yesterday’s trading session, we observed a huge volatility in the Market. Besides, once again we could observe that Nifty is still trading in an indecisive mode. As even yesterday it failed to either break the level of 16940 or to cross over 17170. Altogether this narrow range movement of the index is somehow indicating that some sharp movement is yet to come. So, let us declare today as a Judgement Day. Also, be stock specific until any breakout or breakdown in the Index. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17014.35 (-109.25) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 14 Oct 2022NIFTY Intraday Trade Setup For 14 Oct 2022 Buy-Above 17081 Sl-17030 T-17143 17213 17280 Sell-Below 16950 Sl-17000 T-16880 16812 16750 NIFTY has closed on a negative note with 0.64% cut. It is still inside the inside candle range. High of the mother candle is 17265 and low is 16950. Breakout of this range can give give a move either side. Last day we planned to short below 17035 and our 1st target was hit smoothly and a perfect bounce came from the same level. Closing is at mid point of the intraday range. Keep an eye on the trendlines. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17081 then we will long for the target of 17143, 17213 and 17280. For selling we need a 15 Min candle close below 16950. Post breakdown target will be 16880, 16812 and 16750. Index will be weak below 16990. 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 levels for 14.10.2022Resistance Level : 17064.45 Support Level : 16976.35 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. Note: pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:NIFTY
by AATHIE
Morning Mantra, 13th October 2022On observing the yesterday’s trading session, we can say that Nifty is somehow still trading within our stated zone of 17170 and 16940. As with some volatility in the Market, Nifty made a low of around 16960 and a high of around 17140, yesterday. So, with this, we are still looking forward for an either side breakout or a breakdown. Besides, we also observed that with the opening at a lower level, Nifty showed a beautiful recovery gradually in the Market, along with a profound stock specific momentum in many of the stocks. Well as of now, since it’s a day of weekly clearing, so we will have to be cautious. In the meanwhile, on the positive note, we can see a beautiful formation of a bullish harami pattern on the day chart of Nifty. So, we are positively hopeful for a breakout of above 17170 once again and also for some fresh new momentum in Nifty. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17123.60 (140.05) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya