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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
Morning Mantra, 23rd August 2022Good Morning! Just as we had stated yesterday, similarly we did observe a significant supply in the Market, yesterday itself. However, we are extremely delighted that we could timely pre-update our viewers & listeners about booking profits in the already accumulated stocks. As per the current scenario, we can observe the formation of an evening star doji pattern on the weekly chart. So, currently a further weakness in the levels is being expected. Although as of now, we can expect the level of 17300 in Nifty to work as an immediate support on a Day Chart basis. Whereas, the level of 17080 will work as a major support. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17490.70 (-267.75) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 23 Aug 2022NIFTY Intraday Trade Setup For 23 Aug 2022 Buy-Above 17560 Sl-17510 T-17640 17710 Sell-Below 17470 Sl-17520 T-17405 17350 17280 NIFTY has closed on a negative note with 1.5% cut. The weekly shooting star candle is active now. Last day we planned to sell below 17710 on a flat opening. It opened with a slight gap down and fell continuous to hit all our intraday sell targets. 10 o'clock range broke downside below 17582 and gave a move till 17470. Coming to tomorrow's trade setup , if index opens flat and 5 Min candle closes below today's low- 17467 we will short for the target of 17405. 17350 and 17280. Now we need to be cautious in buy side as index is has turned bearish in daily TF. On a 15 min candle close above 17560, we will long for the target of 17640 and 17710. 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, 22nd August 2022Good Morning! Just as we have been repeatedly stating since the past few days, about booking profits in the already accumulated stocks, similarly we did witness a significant supply in the Market on the last trading day. Moreover as of now, we can witness the formation of a bearish engulfing and a shooting star on the daily and weekly chart, respectively. Which altogether is indicating a pull back in the Market, so be cautious. Although we are absolutely delighted, that we could timely pre-update our dear listeners regarding the profit booking. So, as of now get ready for further accumulation with that assembled amount, as we are still with our words that with the support of 17080 we are expecting to witness a New High by this Diwali. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17758.45 (-198.05) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 22 Aug 2022NIFTY Intraday Trade Setup For 22 Aug 2022 Buy-Above 17825 Sl-17770 T-17900 17960 Sell-Below 17710 Sl-17760 T-17640 17590 17525 So after a continuous rally of more than 18% in 2 months market has taken a halt on Friday. Trailing sl for long was hit on Friday as we closed below PDL. A shooting star has been formed in weekly charts which suggests trend reversal in short term. Activation of shooting star is below its low i.e 17700. Incase bulls take out the high which 17800 then we may test ATH. Coming to Monday's trade setup, the daily candle is a bearish engulfing which has engulfed 3 sessions gain completely which indicates a bearish sentiment. So, if a 5 Min candle closes below 17710 then we will short for the target of 17640, 17590 and 17520-25. We will be cautious in longs from now. If a 15 Min candle closes above 17825 then we will long for the target of 17900 and if trailing sl helps then ride till 17960. 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. Weekly View
NSE:NIFTY
by Omahto
1
Morning Mantra, 19th August 2022Good Morning! Just as we had stated yesterday about witnessing volatility in the Market, similarly we did witness the same in the Yesterday’s Trading Session. Wherein, Nifty showed us a beautiful recovery during the last trading hours, and ultimately gave us a positive closing. Which altogether indicates a good sign. Moreover, it seems like Nifty is somehow currently stuck in a range therefore there’s a need to stay cautious as of now. Further, it is being expected that Nifty is preparing itself to cross over the level of 18100 with strength. Besides, we are still with our words that this is an ideal time for partial profit booking as most of the stocks are currently trading at around their respective Resistance levels. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17956.50 (12.25) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 19 Aug 2022NIFTY Intraday Trade Setup For 19 Aug 2022 Buy-Above 17970 Sl-17920 T-18055 18150 18220 Sell-Below 17910 Sl-17960 T-17855 17800 17765 NIFTY has closed almost flat today. Sentiment is still positive although it closed flat. Sentiment is positive as it opened slight gap down but closed at day high. Also our trailing sl for long is PDL (closing basis) is intact. Last day we planned to sell below 17910. It hit our 1st target and gave more than 55 points profit. Our 1st target was logical and it acted as support and bounced till day high. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17970 then we will long for the target of 18055, 18150 and our last target will be 18220 if trailing sl helps to ride. For selling we need 15 Min candle close below 17910. Post breakdown we will short for the target of 17855. Below 17850 we will test 17800 and finally 17765. 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 18 Aug 2022NIFTY Intraday Trade Setup For 18 Aug 2022 Buy-Above 17966 Sl-17915 T-18025 18070 18120 Sell- Below 17910 Sl-17955 T-17860 17825 17765 NIFTY has closed on a positive sentiment once again with more than 100 points gain. Last day we planned to buy above 17840. It hit both our targets and gave more than 120 points profit. It has closed just below the psychological level 18000. Bullish sentiment is on, it will be weakened only when daily candle closes below PDL (Previous Day Low). Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above today's high- 17966 then we will long for the target of 18025, 18070 and 18120. Trail sl to cost when 18000 is tested as it is a psychological level and positional bulls can book profits at this juncture. For selling we need a 15 min candle close below 17910. Post breakdown we will short for the target of 17860-65 and 17825. Below 17825 after a bounce we will head towards 17790 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
Morning Mantra, 17th August 2022Good Morning! Finally, Nifty managed to give us a positive closing of above 17700, yesterday. So yes, with the positive market sentiments, the index is doing quite good, along with the support of FII‘s significant buying. Therefore, as of now Sell on Rise as per your risk appetite, will be the preferred strategy, in the case of already accumulated stocks that might now be generating a handsome return. Also, now is the time to trail the support level to 17080. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17825.25 (127.10) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya