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Niftyforecast

Morning Mantra, 2nd September 2022We hope you remember our Morning Mantra update on Monday, where we had clearly stated about our expectation for a cautious week ahead. Similarly, we have been observing the same, since we saw a major decline on Monday itself, followed by a major upside on Tuesday. A holiday on Wednesday and then again a major decline on a Thursday. And now we are ready for a crucial Friday. Well as per the ongoing scenario, most of the stocks seem to be trading at around their resistance levels. Further, Nifty repeatedly seems to be taking a beautiful support at around the level of 17300. So, keeping this level in mind, consolidation can be faced in the Market. However, it has been observed that even in the midst of such a situation of consolidation, cherry picking strategy has its own strength. So, stay stock specific and keep following the Cherry Picking Strategy, as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17542.80 (-216.50) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 1st September 2022Good Morning! So, Today is the 2nd Anniversary of 8th Club, which is the Most Emerging Financial Literacy Club for every Stock Market Enthusiast. We are extremely glad to see this gradual progress of 8th Club in this 2 years span of time, that today we are most pleased to announce our new website on 8th Club - “8thclub.in” and also a Reference Book of Game of Hammer, known as “Trading Mastermind”. On this big day, we need your wishes so that this initiative continues to successfully make more and more people financially literate and knowledgable. Coming on to Nifty, On the last trading day, we saw a tremendously beautiful recovery just from the stated support level of 17300, along with positive buying from the FIIs. We are still with our words, that with the support of 17300 on closing basis, the Market Sentiments still seems to be positive. Meanwhile, we will be in a Cherry Picking Mode with a little bit cautiousness due to global market. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17759.30 (+420.20) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 1 Sep 2022NIFTY Intraday Trade Setup For 1 Sep 2022 Buy-Above 17780 Sl-17715 T-17900 18000+ Sell-Below 17645 Sl-17700 T-17535 17470 17400 NIFTY has closed in a positive sentiment on Tuesday with more than 2.5% gain. It has closed near day high. It was a complete short covering move. Last day we planned to buy above 17380 but it opened with a decent gap up. We already planned to trade on 10 o'clock range breakout. It broke above 17482 and gave a non stop rally till 17777. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17780 then we will long for the target of 17900 and 18000+ with trailing sl. For selling we need a 15 min candle closes below 17645 then we will short for the target of 17535. A bounce can be expected from 17535. After a bounce if 17530 is broken then we ill test 17400 levels. 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, 30th August 2022Just as it was expected, similarly Nifty did show us a gap down opening, yesterday. However, it also managed to show us a recovery, as it ultimately gave a closing just above our stated support level of 17300. Which somehow is a good sign. Besides, since this week consists of 3 Trading Days only, it will be suggested to be stock specific and to remain cautious for this week. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17312.90 (-246.00) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 30 Aug 2022NIFTY Intraday Trade Setup For 30 Aug 2022 Buy-Above 17380 Sl-17330 T-17505 15595 Sell- Below 17280 Sl-17330 T- 17170 17060 NIFTY has closed closed below the daily swing low of 17345 with 1.4% cut. Below today's low we may test 16585. Closing is near day high. It opened with a big gap down and gave a sharp recovery. We planned to trade the 10 o'clock range in case of any big gap up/down. 10 o'clock range broke upside above 17329 and gave a move till 17380 which was 1:1 as per 5 Min charts. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17381 then we will long for the target of 17505 and 15595+. For selling we need a 15 Min candle close below 17280. Short if this is triggered after 9:30 for safer side. Targets will be 17170-90 Below 17165 we will hit 17060 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
2
Morning Mantra, 29th August 2022Just as we had been stating in our Morning Mantra updates, similarly we can observe that currently, Nifty has been facing a Resistance at around 17600-17900. So, as per the current scenario, if in any case Nifty shows any gap down opening Today, then avoid bottom fishing. As in such a case, it will be better to wait and watch for the level of 17300. Be cautious for this week. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17558.90 (36.45) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 29 Aug 2022NIFTY Intraday Trade Setup For 29 Aug 2022 Buy-Above 17635 Sl-17575 T- 17720 17820 Sell- Below 17487 Sl-17540 T-17420 17350 NIFTY has made an inside candle on Friday and closed almost flat with slight gain. After the shooting star candle was formed on weekly charts and was triggered (17710) till then index has been in a decline phase and closed @ 17558.9. Traders can trail sl to cost as a bullish momentum can be triggered above 17730 till recent swing high of 17990 -18080. Selling pressure will resume below 17485. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below the mother candle's low- 17487 then we will short for the target of 17410-20, and 17350. For buying we need a 15 Min candle close above 17636. Upside target will ne near 17720. Above 17730 we will hit 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.
NSE:NIFTY
by Omahto
Morning Mantra, 26th August 2022Good Morning, Just as we had expected, similarly the 1st half of the Market was quite bullish yesterday. However, after which the Market went into a consolidation in a +100 points zone. Followed by a sudden profit booking, the index ultimately gave us a negative 100 point approx closing Well as of now, it is suggested to not panic here, since we are still quite bullish on Nifty with the stated stop loss of 17300 on closing basis. Moreover, being a Friday we will have to be little cautious because today’s closing will somehow suggest us a new direction of the Market. As somehow the index has been facing a strong Resistance at this upper level of 17600-17900. So, a little bit of consolidation is quite natural here. Therefore, continue being stock specific and follow the cherry picking strategy as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17522.45 (-82.50) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 26 Aug 2022NIFTY Intraday Trade Setup For 26 Aug 2022 Buy-Above 17727 Sl-17680 T-17785 17855 Sell-Below 17485 Sl-17535 T-17415 17350 Sell- From 17630 Sl-17680 T-17550 17490 NIFTY has closed on a negative sentiment and closed with almost 0.5% cut. It opened with a decent gap up near our buy target which was a resistance zone. Fell from from the resistance. Next swing move will be above 18000 and below 17340. Coming to Friday's trade setup, if index opens flat and 5 Min candle closes below 17485 then we will short for the target of 17415, below 17400 we test the daily swing low- 17350. For buying we need to wait till we crosses today's high - 17727. Above which we hit 17785, 17855 and 17920. A short trade can be opened from 17635 with 50 points sl for the target of 17550 and 17500. 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 Trade Setup For 25 Aug 2022NIFTY Intraday Trade Setup For 25 Aug 2022 Buy-Above 17626 Sl-17565 T- 17710 17783 Sell-Below 17500 Sl-17550 T-17435 17377 NIFTY has closed near day high with a almost flat gains. It traded inside yesterday's trading range. Last day we planned to sell below 17525 and 17500. 17525 was tested but we did not get a closing below 17500. Overall a range has been formed. We will simply use today's range to build our trade setup. Coming to expiry day trade setup, if index opens flat and 5 Min candle closes above 17626 then we will long for the target of 17710-20 and 17783. For selling we need a 15 Min candle close below 17500. Target will be 17435 and 17350-17377. Below 173450 we will get a fresh downside move. 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 Trend Analysis for 25-08-2022Nifty Analysis for 25-08-2022 (Pre-Open) NSE:NIFTY If Nifty Opens above 17640 one can enter Long Trades immediately or any pullback for more better RR with Stop loss at 17485 levels (positionally) and hold for potential upside targets of 17800 & above. If Nifty Manages to close the day above 17800 then next targets on upside are close to 18200 levels. Do Comment , share and "LIKE" if you find this info valuable to use . Attached below few Related Ideas posted under my profile in recent time. Happy Hunting , Chintamani Disclaimer. I am not SEBI registered analyst. My studies are for educational & General purpose only. Please Consult your financial advisor if you have plans of trading or investing. You yourself hold sole responsibility of profits and your losses arising of above shared info
NSE:NIFTYLong
by Chintamoney
Morning Mantra, 24th August 2022Good Morning! Just as we had stated yesterday, similarly Nifty did take a pull back by giving a gap down opening yesterday. However, it gradually took a crucial support at around our stated level of 17300. On a positive note it did also manage to show us a positive closing. So, overall we can say that Nifty is now ready to cross over the level of 18100 with more force. Wherein, the level of 17300 will continue to be an immediate support for the index and 17080 will work as a major support. In the meanwhile, Cherry Picking Strategy can be followed as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17577.50 (86.80) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 24 Aug 2022NIFTY Intraday Trade Setup For 24 Aug 2022 Buy-Above 17626 Sl-17565 T- 17710 17820 Sell-Below 17525 Sl-17580 T-17425 17350 NIFTY has closed on a positive note with 0.5% gain. It opened with a decent gap down near 17350 and a sharp recovery was seen. Last day we planned to trade on 10 o'clock range in case of any big gap up/down. The range was broken in the last few min. BANKNIFTY was more trending than NIFTY. It was volatile session. Coming to tomorrow's trade setup, if we open flat and a 5/15 Min candle closes above 17626 then we will long for the target near gap area- 17710-17730. Next target will be 17825. For selling we need a 5/15 min candle close below 17525. Downside targets will be 17425 and 17350. Safe traders should consider a short position below 17500. 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