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Niftyforecast

Nifty intraday levels for 13.10.2022Resistance Level: 17141.40 Support Level:17094.70 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 sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. *** Use Fib retracement tool to draw the levels 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, 12th October 2022Good Morning! In the yesterday’s trading session, we did observe how after a flat to positive opening, the index managed to make a high of around 17261. However, the index failed to cross over the Resistance level of 17270, and in stead showed us a significant selling pressure in the last one-and-a-half hours. Fascinatingly, it did somehow manage to take a support at around the stated level of 16940. Altogether, we can say that Nifty is still continuing its volatile movement. Where on one hand, the level of 17270 is playing a crucial role as a Resistance, on the other hand, the levels of 17170 and 16940 are playing an important role as a support. As of now, we are still with our words, that is to be stock specific till the time we witness any breakout or breakdown of either side. So, stay cautious and continue being stock specific as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 16983.55 (-257.45) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 12 Oct 2022NIFTY Intraday Trade Setup For 12 Oct 2022 Sell_1- From 17115 Sl-17165 T- 17020 16950 16890 Sell_2-Below 16950 Sl-17000 T-16890 16825 16750 NIFTY has closed on a negative note with 1.49% gain. Yesterday it closed on a positive sentiment but it was not continued as it did not go above last day's high. Instead sell was triggered as per trade setup. In the 1st attempt it bounced and in the 2nd attempt it gave the sell targets. (17140-16951). Now today's sentiment will continue below today's low. We may test the last swing low- 16750. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 16950 then we will short for the target of 16890, 16825 and 16750. A pullback/bounce is needed before breakdown and that will be considered. Second sell position can be created from 17115 for the target of 17020, 16950 and 16890. This will be considered in the level is tested in the 1st hours. Buying will be done only when there is a bullish price structure and that will be done by seeing live data. 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 levels for 12.10.2022Resistance Level: 17125.30 Support Level:16876.60 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, 11th October 2022Just as it was expected, similarly we did witness a gap down opening in Nifty yesterday. Also, it was a day full of volatility in the Market. However, on a positive note, we did see some stock specific momentum yesterday. Besides, fortunately Nifty did manage to sustain above our crucial levels of 17170 and 16940 on a closing basis. Which, therefore shows some strength in the Market, as of now. Further, as per the current scenario, it will be suggested to keep your patience and to continue being stock specific. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17241.00 (-73.65) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 11 Oct 2022NIFTY Intraday Trade Setup For 11 Oct 2022 Buy-Above 17281 Sl-17225 T-17365 17430 17530 Sell-Below 17140 Sl-17195 T-17065 16990 16920 NIFTY has closed with 0.43% cut today. Sentiment is bullish BTW as it has closed near day high and a sharp recovery was seen from opening levels. Today it opened with a huge gap down and 10 o'clock range broke upside @ 17150 and gave a move till 17280. Moves were good today. This positivity will continue above today's high and we may test the recent swing high 17428 again. Below today's low we are likely to slide lower till the recent swing low- 16750. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17281 then we will long for the target of 17365, 17430. Above 17430 we will head towards 17530. For selling we need 5/15 Min candle closes below 17140 then we will short for the target of 17065. Below 17060 we will head towards 16990 and 16920. 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 11.10.2022Resistance Level: 17255.25 Support Level:17100.30 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, 10th October 2022 Fortunately, Nifty gave us a positive closing of above 17270, for the past 3 consecutive days, in the previous week. Also, as per the current chart setup, we are still with our words that if Nifty continues to sustain above the level of 17170 and 16940 on closing basis, then it will give a positive strength to the Market for the upcoming rally. However, keep in mind that the Market is in a price correction mode as of now, so we have to be stock specific and ready for volatility. Also, have to keep patience, in case of any gap up or gap down opening today. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17314.65 (17.15) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Nifty intraday levels for 10.10.2022Resistance Level: 17425.60 Support Level:17229.35 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
NIFTY Intraday Trade Setup For 10 Oct 2022NIFTY Intraday Trade Setup For 10 Oct 2022 Buy-Above 17340 Sl- 17285 T-17400 17530 17669 Sell-Below 17215 Sl-17270 T-17107 17030 16920 NIFTY has closed on a flat note on Friday above 50 EMA. Last week we gave a pullback of the down move(18100-16750). This pullback will continue above 17430. Till now the no 15 Min lows have been broke. Last swing low is 17215 and below which we will again show some downside momentum. Broader weekly range is 18100 and 16740. Coming to Monday's trade setup, if index opens flat and a 5/15 min candle closes above 17340 then we will long for the target of 17410-17425. Above 17430 we will head higher towards 17530 and 17669. We need a 15 min candle close below 17215. Post breakdown we will short for the target of 17107, 17030 and 16920.Index will be weak below 17250 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
Morning Mantra, 7th October 2022Just as we had stated yesterday, similarly we did witness volatility in the Market yesterday. Where with the beautiful gap up opening at around 17379, Nifty managed to make a high of around 17428 during the day. However, it ultimately made a closing of approx 17331. Well on a positive note, Nifty had overall managed to sustain above the level 17270 for another trading day. So, as of now we will remain with our words that 17170 will remain to be the immediate level of Support for Nifty, on closing basis, followed by the level of 16940. In the meanwhile, stay stock specific and be positive for the Market. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17331.80 (57.50) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 7 Oct 2022NIFTY Intraday Trade Setup For 7 Oct 2022 Buy-Above 17430 Sl-17380 T-17530 17669 Sell-Below 17315 Sl-17365 T- 17230 17175 17107 NIFTY has closed with slight gain which came via gap up. A small body candle which looks like a tiny shooting star has been formed in daily charts. Hourly range breakout trade above 17200 has given more than 225 points gain and hit a target today. More 200+ points can be gained but we have to be strict with TSL we have opted i.e PDL. This up move will continue above 17430. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 17315 then we will short for the target of 17230,17175 and 17107. For buying we need a 15 min candle close above 17430. Target will be 17530 and 17669. 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 07.10.2022Resistance Level: 17413.50 Support Level:17277.45 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
2
Morning Mantra, 6th October 2022What a beautiful trading day it was, day before yesterday. Where we had witnessed a beautiful closing in Nifty, which was exactly at our stated Crucial Resistance level of 17270. Well for now, we are here with another immediate level of Support for Nifty, i.e., 17170 on closing basis, followed by the level of 16940 once again. Moreover, for today we are expecting to witness volatility in the market, as today is the day of weekly expiry. In the meanwhile, continue being stock specific and be positive for the Market. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17274.30 (386.95) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 6 Oct 2022NIFTY Intraday Trade Setup For 6 Oct 2022 Buy-Above 17290 Sl-17240 T-17365 17472 17525 Sell-Below 17232 Sl-17285 T-17175 17115 17060 NIFTY has closed on positive note with 2.29% gain. Index opened and sustained itself at higher levels. The hourly range (17200-16740) was broken yesterday. We planned for a directional move above 17200 , expected target is 450-500 points. As per XABCD which has formed in hourly TF its target is 17670. Keep trailing to either PDL or the last swing lows in 15 Min TF or cost till target. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17290 then we will long for the target of 17366, 17472 and 17530. For selling we need a 5/15 Min candle close below 17232. Target will be 17155, 17115 and 17060. 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 06.10.2022Resistance Level: 17282.95 Support Level:17207.20 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