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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
NIFTY Intraday Trade Setup For 19 Sep 2022NIFTY Intraday Trade Setup For 19 Sep 2022 Buy-Above 17620 Sl-17565 T-17700 17800 17900 Sell-Below 17495 Sl-17545 T-17400 17300 17200 NIFTY has closed on a bearish sentiment on Friday with almost 2% cut. We already spotted this move a day before when a Dark Cloud Cover was spotted on daily charts. We planned to short below 17770 for a minimum 300 points target, target was almost hit. For rest position you can trail sl to cost to ride for any further fall. Broader range is 18100 and 16150. Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 17620 then we will long for the target of 17700, 17800 and 17900. For selling we need a 5/15 Min candle close below 17495. Target will be 17400, 17300 and 17200. 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, 16th September 2022Good Morning! Once again Nifty failed to sustain above the stated crucial level of 18090 for the 3rd consecutive day, yesterday. So as per the current scenario, until the index manages to give a closing of above 18090, it will be suggested to stay cautious and follow the Sell on Rise strategy for the best. On the other hand, on a positive note even after the repetitive failed attempts by Nifty to give a closing of 18090, a significant profit booking opportunities had been observed in many of the stocks even yesterday, so it will also be suggested to remain stock specific as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 17877.40 (-126.35) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 16 Sep 2022NIFTY Intraday Trade Setup For 16 Sep 2022 Buy-Above 17965 Sl-17910 T-18070 18150 187217 Sell-Below 17860 Sl-17910 T- 17780 17700 NIFTY has closed on a negative note and closed with 0.7% cut. It has made a dark closed cover at top which is a trend reversal sign. This will be active below 17770. Above 18100 we will head higher. Current hourly range is 18100 and 17770. Breakout of this range will give us directional move of 300 points. According to yesterday's trade setup nothing got triggered. But 10 o'clock range broke downside below 17953 and gave a move till 17865. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17965 then we will long for the target of 18070-90. Above 18100 a fresh upside move will come. For selling we need 5 Min candle close below 17860. Post breakdown our target will be 17780. Below 17770 we will hit 17700 and below. 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
Morning Mantra, 15th September 2022Once again, our stated level of 18090 has become crucial for the Market. As even after making a high of 18091 yesterday itself, Nifty had failed to sustain above the level of 18090 for another consecutive day. Whereas for now, it is being expected that Today will somehow be a crucial day. So, tighten your seat belt as today will be a 3rd day for Nifty to cross over and give a closing of above 18090. Although as per our analysis, there’s a good probability that Nifty will give a closing of above 18090, today. While on the other hand, if Nifty somehow fails to do so then we can witness a strong pull back in the Market for the next 8-10 days. Stay stock specific. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 Nifty’s Previous Day Closing - 18003.75 (-66.30) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya