NiftyThe global market indicates a negative start. Market nature is bearish. the market may open a big gap-down, so if the market breaks the 38% fib level, it will reach a 50 to 61% correction. On the other hand, don't take a long position until a rejection structure forms. If the market rejects around the key zones, we will expect min 23 to 38% pullback.
Niftyforecast
Morning Mantra, 14th September 2022From the past 2 trading days, we have been mentioning the crucial figure of 18090 in our Morning Mantra updates. And just as we had already stated, similarly Nifty can be seen facing a Resistance at the stated level. As even after making a high of approx 18088 yesterday, Nifty missed crossing over above 18090 by just 2 points.
This however raises a little concern as we can also witness a continuous supply at the upper levels.
So, we are still with our words that once after Nifty manages to cross over above 18090 on closing basis, then very soon the level of 19380 will be activated, subject to any systematic risk. Otherwise, we can expect to witness a pull back in Nifty.
Until then with the support of 17300, stay stock specific and do not forget to make this link a bookmark to refer every morning at 8 AM.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 18070.05 (133.70)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 14 Sep 2022NIFTY Intraday Trade Setup For 14 Sep 2022
Buy-Above 18090
Sl-18040
T-18150 18217
Sell-Below 18050
Sl-18090
T-17980 17925
NIFTY has closed on a positive note with 0.75% gain. It has closed above the psychological level 18000. Last day we planned to buy above 17981 for the target of 18087 which was hit. But it opened with a decent gap up. We already planned to trade on 10 o'clock range breakout in case of any big gap up/down. It broke upside above 18065 and gave a small move till our planned target 18087.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 18090 then we will long for the target of 18150 and 18217.
On a flat opening if a 5/15 Min candle closes below 18057 then we will short for the target of 18020, 17980 and 17925.
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.
Important support is 17700 for tomorrow.
NiftyThe global market indicates a positive start. Market sentiment is bullish. Currently, sub-wave 5 is progressing. It can reach min (Nifty 18071 to 18100 and BN (40881 to 41092)) and an important point is that the 5th wave is a distribution wave so if the market rejects key resistance we can expect a correction.
Morning Mantra, 13th September 2022The positive momentum is still continued in the Market. Also the positive FII buying is continuously trying to support the Market for a new high by this Diwali. On the other hand, the supply is clearly visible on the upper levels, as of now.
However, we are still with our words that with the support of 17300, if Nifty manages to stably cross over above 18090, then very soon the level of 19380 will be activated, subject to any systematic risk.
Until then, continue being stock specific and enjoy the ongoing market momentum.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 17936.35 (103.00)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 13 Sep 2022NIFTY Intraday Trade Setup For 13 Sep 2022
Buy-Above 17981
Sl-17930
T-18040 18090
Sell-Below 17889
Sl-17940
T-17825 17775
NIFTY has closed on a striking distance of 18k. It has closed with 0.58% gain today, more than half came via gap up.10 o'clock range did not give anything today as it turned sideways after 10 o'clock. Above and below today's day high and low directional move can be expected. The range breakout which we planned above 17780 (triggered on 8 Sep) has given 200 points gain.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17980 then we will long for the target of 17940 and 18090. Index will be bullish if 18k is sustained.
For selling we need a 5/15 Min candle close below 17889. Post breakdown we will short for the target of 17825 and 17775. Index will be weak below 17920.
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.
Morning Mantra, 12th September 2022Just as we had stated on the last trading day, about the probability of witnessing a breakout of 17800 level. Fortunately, we have finally witnessed a crossover and a closing of above 17800, on the last trading day itself.
As of now with the support of 17300, if Nifty manages to sustain above 17800 and stably cross over above 18090, then very soon the level of 19380 will be activated, subject to any systematic risk.
Until then continue being stock specific.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 17833.35 (34.60)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 12 Sep 2022NIFTY Intraday Trade Setup For 12 Sep 2022
Buy-Above 17870
Sl-17820
T- 17925 18000 18087
Sell-Below 17785
Sl- 17835
T-17700 17620
NIFTY has closed on a flat note with some lite gains. It is still inside the hourly range of 18000 and 17150. Probability of breaking of the range high is more. Index has closed with 1.68% gain this week, still no weakness or reversal is there in weekly charts. Directional move will come above and below the range discussed . Above 18000 probability to test ATH is high.
Coming to tomorrow's Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 17870 then we will long for the target of 17925 and 18000. Extended target above 18k will be 18087.
For selling we need a 5/15 Min candle close below 17785. Post breakdown we will head towards 17700. Below 17690 we will test 17615.
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.
NiftyThe global market indicates a positive start. Market nature is bullish to neutral. The market may open a gap-up and if the market rejects around the harmonic supply zone, we expect a minor correction. This is a three-wave structure min 23 to 38% fib corrective wave. On the other hand, if the market takes a consolidation around the HSZ, it is a sign of trend continuation, take your position after the consolidation break.
Morning Mantra, 9th September 2022What a trading day it was yesterday!
Where after a gap up opening, Nifty showed us a downfall in its levels during the second half. However, it also managed to show us a beautiful recovery on the same day itself, as it ultimately gave us a closing of just near to our stated crucial level of Resistance of 17800.
So, somehow today will be a very crucial day for the Market. Although there are chances to witness a breakout of 17800 level. After which, we can expect to witness a sharp rise in the Market.
So, stay cautious, be stock specific and wait & watch for today’s closing!
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 17798.75 (174.35)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 9 Sep 2022NIFTY Intraday Trade Setup For 9 Sep 2022
Buy-Above 17810
Sl-17760
T-17900 17992 18087
Sell-Below 17690
Sl- 17740
T- 17600 17535 17480
NIFTY has closed on a positive note with 1% gain. It has closed above the range (17780-17450) which was valid since last one week. Last day we planned to buy above 17651 but opened at our targets 17780. We already planned to trade on 10 o'clock range breakout in case of any big gap up/down. 10 o'clock range broke downside below 17720 and gave 40 points.
Coming to tomorrow's trade setup, if index opens flat and 5/15 Min candle closes above 17810 then we will long for the target of 17900 and 17992. If 18000 is breached in flow then extended target will be 18087.
For selling we need a 15 Min candle close below 17690. Post breakdown we will hit 17600, 17535 and 17470.
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.
NiftyThe global market indicates a positive start. The market nature is slightly bullish to neutral. Currently, the market is forming a triangle structure, so the top of the triangle is an important one, if the market breaks the top of the triangle, we expect a pullback continuation, on the other hand, the market rejecting sharply that's a sign of a range bound, The market will reach the triangle bottom again.
Morning Mantra, 8th September 2022Yet another day, and Nifty had failed to decide its new way. As it has been almost 11 consecutive days now, that Nifty has been trading in a consolidation zone. From which, just as we had stated earlier, similarly we can say that the index is somehow creating a platform for a new rally.
Moreover, by Today or Tomorrow, we can expect to witness either a breakout or a breakdown from this consolidation in Nifty.
Although as per the current market situation, we are quite optimistic for a breakout of 17800 level. After which we are expecting to witness a sharp rise in the index.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 17624.40 (-31.20)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 8 Sep 2022NIFTY Intraday Trade Setup For 8 Sep 2022
Buy-Above 17651
Sl-17600
T-17710 17775
Sell-Below 17599
Sl-17650
T-17535 17480
NIFTY has once again closed inside the range of 17780 and 17450. It closed with a minor cut of 30 points. Toady it opened with gap down and gave a recovery and almost all the lost gains were recovered. We already planned to trade on 10 o'clock range breakout in case of any big gap up/down. 10 o'clock range broke upside above 17594 and gave a move till 17650.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17651 then we will long for the target of 17710, 17775. Above 17780 a fresh short covering move can be expected.
For selling we need a 5/15 Min candle close below 17599. Target will be 17535 and below 17530 we will head towards range low of 17480.
Below 17450 a fresh downside move is expected.
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.
NiftyThe global market indicates a negative start. Market nature is neutral to bearish . The market may open a big gap-down. My view is that if the market breaks the previous swing low ( Nifty 17468, BN 38981) then we expect correction continuation (LL LH LH formation). On the other hand, if the market retraces 78% to the immediate HDZ, we expect range-to-bound.
Morning Mantra, 7th September 2022Just as we have been stating these days, similarly Nifty is consistently trading in an indecisive mode. Rather we can observe how the index is struggling to cross over the big candle that was made on 30th of August 2022.
However, we are still with our words, that with the support of 17300 on closing basis, a cross over of above 17800 will bring a substantial rise in the levels of Nifty.
Until then continue following the Cherry Picking Strategy.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 17655.60 (-10.20)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 07 Sep 2022NIFTY Intraday Trade Setup For 7 Sep 2022
Buy-Above 17717
Sl-17667
T- 17775 17825 17880
Sell-Below 17587
Sl-17637
T-17520 17470
NIFTY has closed once again flat and formed an neutral/indecision candle. Index is still in tight range in daily and hourly both. Last day we planned to buy above 17685. It opened with a small gap up and tested our 1st target in the 1st 5 Min. We already planned that we will trade on 10 o'clock range breakout in case of gap up/down. 10 o'clock range broke downside below 17655 and gave more than 65 points which was 1:2.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17716 then we will long for the target 17775, 17825 and 17780.
For selling we need a 5/15 Min candle closes 17587 then we will short for the target of 17520 and 17470.
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.
NiftyThe global market marks a neutral start. Market sentiment is neutral to slightly bullish. If the market breaks the previous day's high, expect a minor rally. If that rally continues, we expect (Nifty 17818 to 17862, BankNifty 40253 to 40370). On the other hand, if the market opens negative, it is a sign of range-bounding. At minimum, we expect a 23 to 38% fib correction.
Morning Mantra, 6th September 2022Just as we had stated yesterday, similarly Nifty still seems to be in an indecisive mode. So, the level of 17800 will now be a trigger. Above the level of which, we can see a sharp rise in the Index.
Moreover, this sharp rise can be utilised for partial profit booking. Also, till now, the stated level of 17300 has been a very crucial support level for the Index. So once again, with this level of stop loss, we can continue following the cherry picking methodology.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 17665.80 (126.35)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 6 Sep 2022NIFTY Intraday Trade Setup For 6 Sep 2022
Buy-Above 17685
Sl-17630
T-17557 17837 17918
Sell-Below 17618
Sl-17670
T-17563 17518 17470
NIFTY has closed on a positive note with 0.7% gain. NIFTY is still inside the mother candle's range. Move is still pending either side. Last day we planned to buy above 17625, it was triggered and gave more than 55 points which was 1:1. This upside momentum is likely to continue above today's high. It is still in a zone in daily and hourly TF. Moderate/sharp selling will come below 17500 on closing bassis.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17685 then we will long for the target of 17757-60, 17835 and 17920.
Index is not in selling mode as of now. However aggressive traders can short below 17618 if a 15 Min candle closes for the target of 17563, 17518 and 17470.
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.
Nifty daily analysis for 06/09/22.Nifty remained in green whole and consolidated in the second half of the trading session
In the initial hour the market gave a nice movement but couldn't cross the level of 17670.
On the 15 minute time frame, a bullish moving average crossover was there and market respected the 20 ema.
Support :- 17620, 17480, 17380
Resistance :- 17675, 17710, 17830
Wait for the price action near the levels before entering the markets.
NiftySGX Nifty indicated a neutral to slightly negative start. Market nature is neutral. If the market breaks below the minor trend line , expect a minor correction. That correction should not break the previous swing high. On the other hand, if the market reverses immediately, it is a sign of a range-bound market.