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NIFTY Intraday Trade Setup For 28 Sep 2022NIFTY Intraday Trade Setup For 28 Sep 2022 Buy-Above 17120 Sl-17065 T-17195 17321 17431 Sell-Below 16740 Sl-16795 T-16869 16790 16590 NIFTY has closed on a flat note with less than 10 points cut. Today our 2nd target(16912) in sell side was almost hit (triggered @ 17400 on 23 Sep). Index has created a range in the last 2 sessions. Range is 17200 and 16940. Breakout of this range will give us the next intraday trade. Today market opened with a decent gap up and 10 o'clock range broke downside below 17030 and gave a move till 16943. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17120 then we will long for the target of 17195 Above 17200 we will hit 17321 and 17431. For selling we need a 5 Min candle close below 16940. Target will be 16869, 16790. Below that we will head towards 16591. 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 levels for 28.09.2022Nifty Resistance Level: 17082.10 Support Level:16912.05 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. 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, 27th September 2022Good Morning! Yet another day of panic, where after a gap down opening yesterday, Nifty tried to take a support at 17000 with the beautiful attempt in the second half for 17200. But unfortunately failed in the last hour. Also a panic selling in across all the sectors was witnessed except in IT. Which is clearly indicating price correction. Moreover, against all the negative news, there was a positive factor that was observed in the Market yesterday, and that was the DII buying. In addition to the above, as per the current chart setup, the level of 17270 will now play a crucial role as a Resistance. While on the other hand, on a positive note we are expecting a bounce back at this current level of 17000 in Nifty. So, avoid any panic reaction, as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17016.30 (-311.05) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NiftyThe global market indicates a positive start. Market nature is bearish to slightly bullish. Market may open a little bit gap-up. If the market breaks the previous day minor high, we will expect a minor pullback. min( nifty 38 to 50% and BN 23 to 38%. if the market rejects after that pullback, we will expect a trend continuation means, a minor 5th correctional wave. On the other hand, if the market takes consolidation after that pullback, that's a sign of pullback continuation). And second, if the market breaks the previous day low that's a sign of trend continuation.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 27 Sep 2022NIFTY Intraday Trade Setup For 27 Sep 2022 Buy-Above 17200 Sl-17145 T-17323 17473 Sell-Below 16978 Sl-17030 T-16791 16591 NIFTY has closed on a negative note with 1.8% cut. Important range (18100-18400) broke downside on 23 Sep 2022 (Fri) and today it has given more than 400 points gain. (17400-16979). Keep trailing to previous day high to ride the move. It is likely test 16590 but keep strict trailing sl. Last day we planned to short below 17290 it was followed but it opened with a huge gap down. 10 o'clock range broke downside below 17025 and gave move till 16979. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 16978 then we will short for the target of 16700, 16791 and 16591. 16590 can act as a support, book max in this zone. For buying if a 15 min candle closes above 17197 then we will long for the target of 17323 and 17473. 17475-17500 can act as resistance. Keep a strict trailing method with RR in both side. 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
Morning Mantra, 26th of September 2022After the repetitive failed attempts from Nifty to cross over 18090, we are delighted that we could timely pre-update you on the 16th of September 2022 itself, to stay cautious for these 8-10 days. Well as of now, it is being expected that the Market can face a little panic during the 1st hour, today. However, it will be suggested to avoid participating in the same. Instead, we will have to wait for Today’s closing. Where, if Nifty manages to sustain and give a closing of above 17270, then it will be a good sign for the Market for this week. Moreover, as we can observe that in a big pool of stocks where few of the stocks are currently trading at their 3-4 Months low, on the other hand, the other few are trading at their 3-4 Months high. So in such a situation, it will be suggested to remain a little a cautious and be stock specific as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17327.35 (-302.45) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 26 Sep 2022NIFTY Intraday Trade Setup For 26 Sep 2022 Buy-Above 17375 Sl-17320 T-17500 17600 Sell-Below 17290 Sl-17340 T-17225 17150 17045 NIFTY has closed on a negative sentiment on Friday with 1.7% cut. Index has given a continuation of Dark Cloud cover formed on 15 Sep. After Activation it has given more than 450 points fall. (17770-17295). Last day we planned to short below 17530 which hit almost all the targets (17530-17295). The range of 18100 and 18400 also shifted and we are heading towards 1st target of 17160. Below 17150 we will head 16900 and 16590. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17375 then we will long for the target near 17500 if it is sustained then 17605 will be 2nd target. On a flat opening if a 5 Min candle close below 17290 then we will long for the target of 17225, 17150 and below which we can expect more fall. 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 : 17,350-17,400 (A line in the sand)NIFTY expected move: NSE:NIFTY We have some major economic and geo-political reasons to keep in mind 1. Weaking world currencies against USD (I am expecting a 10Y USD Bond yield to go double to 7bps (2006 levels) from the current 3.5bps - Actually, it started rising from 0.5bps. 2. Financial and Economical weaker backdrop of Europe given Russia- Ukraine scenario. 3. Higher and rising inflation worldwide. 4. Reserve Bank's monetary tightening through interest rate hikes will hit industrial performance badly. Sooner or later it will show up. This will translate into lower earnings which will ultimately get reflected in Equities. Coming to Price Action, we have a confluence of the following two: 1. A weird HnS pattern that has a mirror TGT of 4% downside from the neckline (17,350-17,400) - TGT 16,600 2. 2H TF ABCD Extension's (Blue in color on the chart) @ x2 stand at 16,600 Therefore, the market has a line in the sand @ (17,350 - 17,400) levels. The market may consolidate around these levels (+/-) 1% for 2-3 days and then it would leap.
NSE:NIFTYShort
by CKParkhi
Morning Mantra, 23rd September 2022Good Morning! As per what we had stated yesterday, we did observe Nifty’s attempt to take a bounce back, in the early and in the later hours of the Market yesterday itself. However on repeatedly failing to do so, we instead observed some selling pressure in the Market. Well as of now, we can see the formation of a Doji pattern on the Day chart. So, it will be better to consider today as a no trade day. In the Meanwhile, we can wait and watch for the index to decide for a specific either side direction from its range of 17300-18090. Until then stay cautious and be stock specific. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17629.80 (-88.55) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 23 Sep 2022NIFTY Intraday Trade Setup For 23 Sep 2022 Buy-Above 17723 Sl-17670 T-17803 17865 17923 Sell- Below 17530 Sl-17585 T-17430 17330 17253 NIFTY has closed on a negative note with 0.5% cut. The daily candle is a neutral and indecision candle as closing is at mid point. Broader range is 18100 and 17150. Breakout of this range will give a fresh move either side. However 17400 and 18100 is also important. Above 18100 we will hit a fresh ATH. Below 17400 we will head 17150 and below which we will hit 16900 and 16590. Last day we planned to sell below 17660, it hit our target 17533. Comin to Friday's trade setup, if index opens flat and a 5/15 Min candle closes above 17723 the we will long for the target of 17803. 17865 and 17923. For selling we need a 5/15 Min candle close below 17530. Downside target will be 17430. If index sustains below it then we will hit 17330 and 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
1
Morning Mantra, 22nd September 2022Greetings of the Day! Indeed with a positive opening yesterday, Nifty did take a good attempt in the early hours. However, not being able to continue so, the Market showed a selling pressure from the early hours itself. Thereby, proving the effectiveness of the shooting star pattern, just as it was stated yesterday. As Nifty showed a decline of approx 98 points on closing basis. Well as of now, we are expecting to witness a bounce back in Nifty. Where if the Index manages to sustain above the level of 17800 in the first hour today, then we can witness a positive uprise in the levels. Until then continue being stock specific. Happy Trading! Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17718.35 (-97.90) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 22 Sep 2022NIFTY Intraday Trade Setup For 22 Sep 2022 Buy-Above 17795 Sl-17945 T-17860 17920 18020 Sell-Below 17660 Sl-17710 T-17600 17533 17430 NIFTY has closed on a slight negative note with 0.55% cut. Market is still inside broader range of 18100 and 17150. The daily candle is a spinning top which is a sign of indecision. Last day we planned to sell below 17745 which has given 80 points. Overall it was a volatile session. Tomorrow we can open with a big gap up or down as we will react the FED announcement. Coming to tomorrow's trade setup, if index opens flat and a a 5 Min candle closes above 17795 then we will long for the target of 17860, 17920. Above which we will head towards 18090. For selling we need a 5 Min candle close below 17660. Targets will be 17600, 17533 and near 17430. Below which we can slide more. 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
Morning Mantra, 21st September 2022Just as we had stated yesterday, about our expectations for a beautiful bounce back. Similarly, we did observe a significant recovery in Nifty yesterday itself. Although not being able to sustain so, the index also showed some profit booking, by the second half. As of now, as per the day chart, we can observe a shooting star pattern which is somehow indicating that we might witness a selling pressure in the Market Today. So, we are still with our words as we continue to expect a volatility in the Market, as of now. Therefore, continue being stock specific and review your portfolio, as it is a good time to do so. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17816.25 (194) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 21 Sep 2022NIFTY Intraday Trade Setup For 21 Sep 2022 Buy-Above 17920 Sl-17870 T-18020 18100 18200 Sell-Below 17740 Sl-17795 T-17650 17550 17430 NIFTY has closed on a positive note with more than 1% gain. Index is still inside the broader range of 18100 and 17150. Breakout of this range will give us the next directional move. Last day (19 Sep 2022) our short target was hit which was triggered 16 Sep 2022. After that index has lost trend. The daily candle somehow looks weak and indicate a weakness. Below its low we can expect good downside momentum. Above 18100 a good upside move will come. Coming to tomorrow's trade setup, if index opens flat and a 5Min candle closes below 17443 then we will short for the target of 17620, 17535 and 17430. If a 15 Min candle closes above 17920 then we will long for the target of 18020, 18100 and 18200. 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, 20th September 2022Just as we had observed yesterday, Nifty showed us a significant recovery and ultimately gave us a positive closing. Moreover, a beautiful Hammer and Bullish Harami pattern on the Day Chart is somehow indicating a good bounce back in Nifty. Although, we are with our words that we can still witness a volatility in the market for this week also. Till then we should remain stock specific. Happy Trading! Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17622.25 (91.40) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 20 Sep 2022NIFTY Intraday Trade Setup For 20 Sep 2022 Buy-Above 17670 Sl-17615 T-17775 17870 17950 Sell-Below 17579 Sl-17630 T- 17500 17430 17270 NIFTY has closed on a slight positive note with 0.5% gain. Today the range breakout target was hit which was triggered below 17770 on 16 Sep. Last day we planned to short below 17495 this trade gave 60 points but a sharp up move hit our sl then long was triggered @ 17620 as per plan and this trade gave almost 1:1 and then index turned sideways. We will use the range formed to trade on breakout the next day. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17670 then we will long for the target of 17775, 17870 and 17955+. For selling we need a 5/15 Min candle close below 17579. Post breakdown targets will be 17490. 17430 and if 17425 is sustained then we will hit 17270. 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
Morning Mantra, 19th September 2022Good Morning! Indeed, the last week was one of the most volatile week for Nifty. Where, as stated, we had clearly seen the importance and the significance of the crucial Resistance level of 18090. Where, failing to sustain above the 18090 level, repeatedly for 3 consecutive days Nifty did take pull back just as it was expected. So as of now, the level of 17300 will continue to be the level of support. However, we are expecting to witness volatility in Nifty for this week as well. Continue being stock specific! Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17530.85 (-346.55) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya