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NIFTY Intraday Trade Setup For 16 Aug 2024NIFTY Intraday Trade Setup For 16 Aug 2024 Bullish-Above 24200 Invalid-Below 24150 T- 24400 Bearish-Below 24090 Invalid-Above 24140 T- 23900 NIFTY has closed on a flat note on Wednesday, formed a tiny daily candle of less than 100 points range. Since its a neutral candle we cant be biased. We will simply wait for that 100 points range to broken either side. 24200 and 24090 is the range for Friday. In daily TF NIFTY has maintained range of 24400 and 24000. Next week we may get a breakout. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24400 then we will long for the target of 24400. For selling we need a 15 Min candle close below 24090. T- 23900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 14 Aug 2024NIFTY Intraday Trade Setup For 14 Aug 2024 Sell_1- From 24340 Invalid-Above 24390 T- 24150 Sell_2-Below 24100 Invalid-Above 24150 T- 23850 NIFTY has closed on a bearish not with 0.85% cut today. It opened flat and 10 o'clock range broke downside below 24350 and fell till 24150. Index is technically sell on rise, but with confirmation of bearish reversal price structure in 5 Min TF in intraday. Tomorrow if there is a gap up then 24340 will be a good resistance and we will plan a short from there. 23850 will be an intraday support and 23500 being hourly support. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 24100 then we will long for the target of 23850. In case of gap up we will short from 24340. T- 24150. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 9 Aug 2024NIFTY Intraday Trade Setup For 9 Aug 2024 Bullish-Above 24390 Invalid-Below 24340 T- 24650 Bearish-Below 23890 Invalid-Above 23940 T- 23515 NIFTY has closed on a bearish note with 0.74% cut. Since last 4 sessions we are stuck inside 500 points range- 24400 and 23900. We will trade directional only when we get this range breakout. It was sideways with huge volatility, mostly sl hunting moves. We will be neutral and wait patiently for breakout. However above 24450 there can trigger for short covering. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24350 then we will long for the target of 24650. For selling we need a 15 Min candle close below 23890. T- 23515. For selling we need a 15 Min candle close below 23890. T- 23515. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 8 Aug 2024NIFTY Intraday Trade Setup For 8 Aug 2024 Bullish-Above 24390 Invalid-Below 24340 T- 24650 Bearish-Below 24180 Invalid-Above 24230 T- 23900 NIFTY has closed on a positive note with 1.27% gain today. However whole gain is the same points it gaped up. It was sideways within 150 points range in intraday. Today's low is very important as the daily candle is a Pinbar and a double force move can be seen below 24180. In case it opens flat and 24390 is sustained then we will head towards 0.618 zone of the fall we witnessed in last few days. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24390 then we will long for the target of 24650. For selling we need a 15 Min candle close below 24180. T- 23900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 7 Aug 2024NIFTY Intraday Trade Setup For 7 Aug 2024 Bullish- Above 24400 Invalid-Below 24350 T- 24736 Bearish-Below 23890 Invalid-Above 23940 T- 23515 NIFTY has closed once again on a bearish note with 0.26% cut today. It tested buy/resistance level and got rejected from there, decent sell of from 24380 was seen. Index has closed exactly at 50 EMA in daily TF. Below 23890 index will be fully gripped by bears. And overall sell on rise approach to be maintained. Major weekly level to be approached can be 22800. But for this we need more validation of a bearish price structure in daily TF. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24400 then we will long for the target of 24736. For selling we need a 15 Min candle close below 23890. T- 23515. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 31 Jul 2024NIFTY Intraday Trade Setup For 31 Jul 2024 Bullish-Above 25000 Invalid-Below 24950 T- 25250 Bearish-below 24770 Invalid-Above 24820 T- 24535 NIFTY has closed once again on an absolute flat note today. Nothing triggered as per trade setup so there is nothing new to discuss, setup is same like yesterday. BTW it has formed a shooting star candle in daily TF also being an inside candle. Below 24770 there can be good selling pressure. Above 25k there is a fair chance of a strong bullish momentum. Inside this range we will maintain a non directional approach. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 25k then we will long for the target of 25250. For selling we need a 15 Min candle close below 24770. T- 24535. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 30 Jul 2024NIFTY Intraday Trade Setup For 30 Jul 2024 Bullish-Above 25000 Invalid- Below 24950 T- 25250 Bearish-Below 24770 Invalid-Above 24820 T- 24535 NIFTY has closed on an absolute flat note after 2 way moves in intraday. It has formed a spinning top candle in daily TF exactly at 25K zone. This indicates a potential halt or reversal. Below 24770 index may reverse in short term however a closing in daily TF will confirm this. Also final confirmation of reversal will be when NIFTY will make a bearish price action in daily TF. 25k and 24770 are intraday levels for tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25k then we will long for the target of 25250. For selling we need a 15 Min candle close below 24770. T- 24535. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 29 Jul 2024NIFTY Intraday Trade Setup For 29 Jul 2024 Bullish-Above 24870 Invalid-Below 24820 T- 25180 Buy_2- From 24600 Invalid-Below 24550 T- 24800 NIFTY has closed on a bullish note with 1.24% gain last week, closed at record high. 23 Jul sell off was absorbed and bulls took complete charge. 25K is at a striking distance. 25335 will be a confluence zone as per FIB extensions and all other levels may fade out due to strong bullish sentiment. If we get a pullback buy setup above 24870 then we will long for the target of 25180. 24600 will be a strong intra support. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24870 then we will long for the target of 25180. 2nd buying can be done from 24600 level. T- 24800. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 26 Jul 2024NIFTY Intraday Trade Setup For 26 Jul 2024 Bullish-Above 24470 Invalid-Below 24420 T- 24685 Bearish-Below 24210 Invalid-Above 24260 T- 24012 NIFTY has closed on a flat note today after a big gap down. It opened directly below sell level however no candle closed below that. 10 o'clock range was to be used as per trade setup. Range broke upside above 24305 and gave a one way move till 24425, risk (last swing low) was around 30 points. If market opens flat tomorrow then we may see continuation of the bullish move above today's high. 24685 will be target as per plotted ABCD. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24465 then we will long for the target of 24685. For selling we need a 15 Min candle close below 24200. T- 24k. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup 25 Jul 2024NIFTY Intraday Trade Setup 25 Jul 2024 Bullish-Above 24600 Invalid-Below 24550 T- 24855 Bearish-Below 24270 Invalid-Above 24320 T- 24000 NIFTY has closed on a slight bearish note with 0.27% cut today. It was a consolidation day after budget, a normal phenomenon after an event as VIX generally cools off after any event which brings market into overall range. It has formed an inside candle in daily TF so till the time it is inside mother candle's range we will maintain non directional approach. 25600 and 24270 are intra levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and 15 Min candle closes above 24600 then we will long for the target of 24855. For selling we need a 15 Min candle close below 24270. T- 24k. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 23 Jul 2024NIFTY Intraday Trade Setup For 23 Jul 2024 Bullish-Above 24600 Invalid-Below 24550 T- 24855 25160 Bearish-Below 24350 Invalid-Above 24400 T- 24048 23800 NIFTY has closed on a flat note today, calmness before Budget move. However it formed spinning top candle in daily TF which is indecision sign. It is going to be a news reactive/driven market tomorrow due to Union Budget announcements. One can avoid trading tomorrow as I personally cant's trade uncertainty. However 24600 and 24350 will be range I will be looking to trade on breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24600 then we will long for the target of 24855 and 25160. For selling we need a 15 Min candle close below 24350. T- 24048 and 23800. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 22 Jul 2024NIFTY Intraday Trade Setup For 22 Jul 2024 Bullish-Above 24730 Invalid-Below 24680 T- 24930 Bearish-Below 24500 Invalid-Above 24550 T- 24290 NIFTY has closed on a flat note with a bearish sentiment as it ended the week near lowest point. It has not yet lost gains but sentiment has turned bearish. The coming week is likely to be volatile due to Union Budget placed on 23 Jul. One can avoid trading like we escaped Loksabha result week. In case 24730 is tested via gap up then it may face intra resistance. We will consider buy on pullback breakout setup only. 24730 and 24290 are levels for Monday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24730 then we will long for the target of 24930. For selling we need a 15 Min candle close below 24500. T- 24290. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 16 Jul 2024NIFTY Intraday Trade Setup For 16 Jul 2024 Bullish-Above 24640 Invalid-Below 24590 T- 24825 Bearish-Below 24520 Invalid-Above 24570 T- 24325 NIFTY has closed with a slight gain of 0.35% today. It was more or less non-directional day as where it opened is the same place where it closed EOD with an overall range of almost 100 points. It has formed a neutral doji candle in daily TF. Now below its low this candle will act as a reversal trigger. Also if it closes below 24500 then bulls may give up. Above 24640 there can be bullish move. We need a bearish price action in daily TF for a confirmed reversal. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24640 then we will long for the target of 24825. For selling we need a 15 Min candle close below 24520. T- 24325. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 15 Jul 2024NIFTY Intraday Trade Setup For 15 Jul 2024 Bullish-Above 24600 Invalid-Below 24550 T- 24780 Bearish-Below 24450 Invalid-Above 24500 T- 24275 NIFTY has closed on a slight bullish note with 0.73% gain last week. On 10 Jul it closed below PDL so as per the method we were following to ride the bullish move is now invalid. But now lets come to the 2nd validation point. Now if at all there is a bearish price action in daily TF then we will call it bearish and a confirmed reversal. Also this reversal confirmation will be updated through these trade setups. 24600 and 24450 are levels to watch out for tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24600 then we will long for the target of 24780. For selling we need a 15 Min candle close below 24450. T- 24275. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 9 Jul 2024NIFTY Intraday Trade Setup For 9 Jul 2024 Bullish-Above 24350 Invalid-Below 24300 T- 24550 Bearish-Below 24230 Invalid-Above 24280 T- 24030 NIFTY has closed on a flat note today, complete rangebound session within 100 points range. It has formed a Pinbar candle in daily TF. Above today's high there can be a good upside move towards 24550 as per 1.618 extension plotted. Since the daily candle is a price rejection candle and represents bullishness, below its low 24230 there can panic selling move towards 24k zone. Sentiment is bullish till it closes above PDL. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 24350 then we will long for the target of 24550. For selling we need a 15 Min candle close below 24230. T- 24030. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 8 Jul 2024NIFTY Intraday Trade Setup For 8 Jul 2024 Bullish-Above 24410 Invalid-Below 24360 T- 24590 Bearish-Below 24160 Invalid-Above 24210 T- 23985 NIFTY has closed on a slight bullish note with 1.3% gain last week. Its been 22 consecutive sessions, after 4th Jun fall index has been under bull's grip. As said last week we will get a hint of weakness of bulls only when index will close below PDL in daily TF. However we will need more confirmation of price bend which is a bearish price action in daily TF to call it a reversal. 24410 can be a good trigger to another bullish move towards 24590. 24410 and 24160 will be zone to watch out for breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590. For selling we need a 15 Min candle close below 24160. T- 23985. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 5 Jul 2024NIFTY Intraday Trade Setup For 5 Jul 2024 Bullish-Above 24410 Invalid-Below 24360 T- 24590 Bearish-Below 24280 Invalid-Above 24330 T- 24090 NIFTY has closed on a complete flat note today. It opened with 80 points gap up and ended at buy level. Till now we have been closing above PDL, close will PDL will give us a hint that bulls are not much interested. But in terms of trading executions we need bearish price action in daily TF after closing below PDL. Chances of a cool off is high as tomorrow is last session of the week, people may book longs as the whole week was in favor. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24410 then we will long for the target of 24590. For selling we need a 15 Min candle close below 24280. T- 24090. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 4 Jul 2024NIFTY Intraday Trade Setup For 4 Jul 2024 Bullish-Above 24310 Invalid-Below 24260 T- 24450 Bearish-Below 24200 Invalid-Above 24250 T- 23975 NIFTY has closed on a bullish note with 0.67% gain today. Whole gain is however contributed through gap up and Large cap banks move. Index will be bullish till it closes above PDL and when it will close below PDL then bullish sentiment will be changed to bearish. However confirmation will be a bearish price action in daily TF. Tomorrow's best trade will be on today's range breakout. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24310 then we will long for the target of 24450. For selling we need a 15 Min candle closes below 24200. T- 23975. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 2 Jul 2024NIFTY Intraday Trade Setup For 2 Jul 2024 Bullish-Above 24180 Invalid-Below 24130 T- 24410 Bearish-Below 23980 Invalid-Above 24030 T- 23800 NIFTY has closed on a bullish note with 0.55% gain today. However it was an contraction day as it formed an inside candle in daily TF. It seems like index is going to follow phase of sideways after a parabolic move. In case it does a pullback breakout of 24180 then we will long for the plotted 2.0 PRZ. Bears may take charge below 23980 if sustained. Also in the weekend I said that we will maintain bullish stance till it closes above PDL. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410. For selling we need a 15 Min candle close below 23980. T- 23800. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 28 Jun 2024NIFTY Intraday Trade Setup For 28 Jun 2024 Bullish-Above 24100 Invalid-Below 24050 T- 24295 Bearish-Below 23900 Invalid-Above 23950 T- 23715 NIFTY has closed on a bold bullish note @ 24044 which is level to celebrate for bulls. Since it has closed above 24k chances of a gap up is very high, in that case 24200 can be resistance. Best intraday trade can be done on bullish side in case of pullback breakout of 24100 as happened today. If this is triggered then we will sit with trailing sl in 5 Min TF, 24295 and 24500 zone as final targets. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 24100 then we will long for the target of 24295 and 24500. For selling we need a 15 Min candle close below 23900. T- 23715. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
1
NIFTY Intraday Trade Setup For 26 Jun 2024NIFTY Intraday Trade Setup For 26 Jun 2024 Bullish-Above 23760 Invalid-Below 23710 T- 23918 Bearish-Below 23630 Invalid-Above 23680 T- 23460 NIFTY has closed on a bullish not with 0.78% gain today. It opened with a small gap up of 39 points above our buy level. Then 10 o'clock range broke upside above 23620 and gave a fantastic move till 23750. Tomorrow 23630 is going to be crucial level as it can act as a support zone but incase support is not taken and it sustains below this level then a good short side move can be seen tomorrow. For bullish move best will be pullback breakout of 23760. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23760 then we will long for the target of 23920. For selling we need a 15 Min candle close below 23630. T- 23460. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 25 Jun 2024NIFTY Intraday Trade Setup For 25 Jun 2024 Bullish-Above 23570 Invalid-Below 23520 T- 23745 Bearish-below 23350 Invalid-Above 23400 T- 23185 NIFTY has closed on a slight positive note today with 0.16% gain. It opened gap down and tested the support or sell level immediately. However 10 o'clock range was to be used as per trade setup, range broke upside above 23450 and gave a good move till 23550. I feel like the trend is missing and one should wait for clear price action in daily TF for a trend in short term. 23570 and 23350 are intraday levels for tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23570 then we will long for the target of 23745. For selling we need a 15 Min candle close below 23350. T- 23185. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 24 Jun 2024NIFTY Intraday Trade Setup For 24 Jun 2024 Bullish-Above 23680 Invalid-Below 23630 T- 23917 Bearish-Below 23390 Invalid-Above 23440 T- 23185 NIFTY has closed almost on a flat note last week. It has formed a spinning top candle in weekly TF which indicates halt or reversal of the uptrend. In case low- 23390 is crossed then it can act as a reversal signal in the short term. Above 23680 index may resume slow and steady upmove. Last week it was directionless market, we can expect directional move in the coming week. Be neutral till index is inside 23680 and 23390. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23680 then we will long for the target of 23917. For selling we need a 15 Min candle close below 23390. T- 23185. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
2