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NIFTY Intraday Trade Setup For 29 July 2022NIFTY Intraday Trade Setup For 29 Jul 2022 Buy-Above 16950 Sl-16900 T-17000 17065 17115 Sell-Below 16870 Sl-16920 T-16800 16750 16680 NIFTY has closed on a positive note with 1.7% gain. Last day planned to trade the big gap up/down with the help of 10 o'clock range breakout. We also planned that a directional move is expected above 16750 and below 16435. The upper range was broken a trendy move was seen till our target 19000(16947). Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 16950 we will once again long for the target of 17000, 17065 and 17115. Just need to be alert on the psychological level 17000. For selling we need a 5 min candle close below 16870. Targets will be 16800, 16750 and below 16745 we will head towards 16680. 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
8
Morning Mantra, 28th July 2022Good Morning! Gladly, yesterday itself we had restated about the overall Market sentiments being positive and on the very same day we got to witness a good stock specific momentum and a recovery of almost 158 points in Nifty, on a closing basis. Well as of now, we are still with our words, that the positivity in the Market will be boosted once we get a stable weekly closing of above 16700. Moreover, the stated level of stop loss remains to be the same as of now, i.e., at 16300. Continue being stock specific and stay cautious. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 16641.80 (157.95) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 28 Jul 2022NIFTY Intraday Trade Setup For 28 Jul 2022 Buy-Above 16655 Sl-16600 T-16710 16750 Sell-Below 16575 Sl-15630 T-16510 16450 NIFTY has closed on a positive note with almost 1% gain today. Last we planned to sell below 16465. 60 points sl was hit in this trade. Later our buy level was triggered @ 16575 and this trade gave 75 points profit. Tomorrow we are likely to open with a big gap up/down after the FOMC outcome today night. However broader range is 16755 and 16435. Directional move is expected above and below the range. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 16655, we will long for the target of 16710 and 16750. Above 16755 if it sustains then we will hit 16810 and 16900. In case a 5 Min candle closes below 16575, we will short for the target of 16510 and 16450. Below 16435 if it sustains we will hit 16375, 16300 and below. Chances of a big gap up and gap down is high tomorrow after FOMC meeting. We will simply wait for the 1st 45 Min and mark the high and low of the trading range and trade directional above and below the high and low of the 45 Min range.
NSE:NIFTY
by Omahto
Morning Mantra, 27th July 2022Good Morning! Just as we have been stating about the Market facing a Resistance at around the level of 16700. Similarly, a strong resistance is being observed near the stated level, these days. Also, as we have already mentioned earlier, this is a Result Season, and in the meanwhile we have to stay cautious. However, with the level of 16300 as support, the overall sentiments for the Market is still positive, as of now. Stay stock specific and be cautious. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 16483.85 (-147.15) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 27 Jul 2022NIFTY Intraday Trade Setup For 27 Jul 2022 Buy-Above 16575 Sl-16520 T-16635 16685 Sell-Below 16465 Sl-16525 T-16386 16315 NIFTY has closed on a negative sentiment with almost 0.9% cut. Last day we planned to sell below the daily spinning top candle as it indicated a trend reversal at top. We planned to sell below 16565, it got triggered @ 9:15 when 5 Min candle closed and hit our 1st target very smoothly. This gave a momentum from 16565 till 16465. Coming to tomorrow's trade setup, if index flat and a 5 Min candle closes below 16465 we will short for the target of 16386 and 16315. Book max near 16300-16315. If a 5 Min candle closes above 16575, we will long for the target of 16635-40 and 16685-90. Above 16685 it will test 16750 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
2
Morning Mantra, 26th July 2022Good Morning, Just as we had stated yesterday itself, about booking profits till the time the market is near 16700. Similarly, a great deal of profit booking was observed in the Market yesterday. As of now, with the support of 16300 continue following the Cherry Picking Strategy. Be Stock Specific and stay Cautious as a weekly closing of above 16700 has now become very important. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 16631 (88.45) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 26 Jul 2022NIFTY Intraday Trade Setup For 26 Jul 2022 Buy-Above 16685 Sl-16625 T-16750 16810 16900 Sell-Below 16565 Sl-16625 T-16490 16400 16320 NIFTY has formed a spinning top candle in daily TF. Which indicates indecision, that the current up move may take a pause or it can be a pause for bulls to take another round till 17000 and above. The range breakout(16750 and 16480) either side will decide that weather bulls have surrendered to bears or after some rest bulls will run till 17000 and above. High probability is in downside. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 16560-65 we will short for the target of 16490-16500. Below 16480 next round of selling will be triggered till 16400 and 16320. If a 5 Min candle closes above 16685, we will long for the target of 16750. Above 16755 next target will be opened for 16800 and 16900. 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, 25th July 2022Good Morning! Just as we had been stating about our positive expectations to witness the level of 16700 in Nifty. Similarly, we did observe a closing exactly near the stated Resistance level on the last trading day. Moreover, along with observing a good stock specific momentum in most of the stocks, we have also beautifully covered the journey from 15300 to 16700. However, this week will be very crucial for the Market, as it has become very important for Nifty to give a stable closing of above 16700 on a weekly closing basis. Also, as per the ongoing result session, there is a mixed reaction so keep booking profits in the accumulated stocks, till the Market is trading near the level of 16700. Stay cautious and be stock specific. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 16719.45 (114.20) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 25 Jul 2022NIFTY Intraday Trade Setup For 25 Jul 2022 Buy-Above 16755 Sl-16700 T-16820 16900 17000 Sell-Below 16665 Sl-16720 T-16610 16560 16500 NIFTY has closed on a positive note with nearly 0.7% gain on Friday. Last week week's weekly candle was an inside candle and we planned to buy above above mother candle's high- 16300( 16275.5) It has given a good move of 3%. Weekly candle is still bullish and this bullishness will continue above Friday's high. In case we close below last day's low then we can expect some pullback. Coming to Monday's trade setup, if index opens flat and a 5 Min candle closes below 16665, we will short for the target of 16600-610. Below 15990 post bounce we will test 16560 and 16500. For buying we need a 5 Min candle close above 16755. Target will be 16820, 16900 and finally 17000. 17005-17025 is a resistance zone. In case of a big gap up/down above Friday's high and low, 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 Elliott wave update: 23%-38% will be trend deciding rangeIn Nifty 1hour chart bounce from 15183 is looks like Double zigzag(WXY) correction. Wave c of second abc started from 15858 is already achieved its minimum projection range(16622-16803). Which could be the resistance range for nifty And retracement range of wave c started from 15858 to 16752 is coming at 16541-16410 which will act as support range. If nifty make new high above 16752 then this retracement range will change accordingly. 38% level is the break even point for downside. Consolidation in this support range(16541-16410) will be positive sign for nifty but if Nifty breaks 38% level sharply and if close 1hour candle below 38% level then trend will change and decline towards 15858 and 15511 is possible.
NSE:NIFTY
by chirag_Khasiya
4
NIFTY - 1 HOUR CHART ANALYSISNIFTY INDEX ANALYSIS - 1 HOUR CHART NSE:NIFTY Nifty has been rallying on upside since 14th of July 2022 from close to 15900 levels till date up to the levels of 16625 without any meaningful correction on the way and leaving decent HIGH RANGE GAPS which needs to be filled during any sell offs. The ABCD pattern has completed to near perfection with all equal waves from point X to Point D . you can measure by yourself :) On the Contrary the RSI has started weakening which is indicating the tiredness in markets are levels beyond 16500 which is fueling my expectation of sellers entering back for revenge. Going in next week 16650 will act as major resistance as its a powerful weekly retracement level of 0.50 which will decide the fate of bears . If the levels are taken off on weekly closing basis then markets are expected to rally up past 17000 levels as well in bears short cover rally. Do Comment , share and "LIKE" if you find this info valuable to use . Believe me it takes lot of time to visualize the market before the opening bell :) 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:NIFTYShort
by Chintamoney
NIFTY Intraday Trade Setup For 22 Jul 2022NIFTY Intraday Trade Setup For 22 Jul 2022 Buy-Above 16630 Sl-16580 T-16700 16750 16800 Sell-Below 16555 Sl-16605 T-16490 16400 16330 NIFTY has closed on a positive note with more than 0.5% gain. It opened flat and our buy and sell levels remained untouched. Nothing triggered and NIFTY almost traded inside previous day's trading range. Tomorrow's trade will be based on the last 2 days high and low. Just we have to be cautious in long and always need to be strict with trailing sl as we are at parallel channel trendline resistance as per hourly charts. Coming to tomorrow's trade setup, if a 5 Min candle closes above 16630 then we will long for the target of 16700, 16750 and 16800. For selling one needs to wait till 16480 is closed in 5 Min TF. Target below 16480 will be 16400 and 16330. Aggressive traders can short below 16555 on a 5 min candle close for the target of 16490. 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. Index will be bullish till we are closing above previous day low.
NSE:NIFTY
by Omahto
Morning Mantra, 22nd July 2022Good Morning! What a wonderful week it was. As we are now just few points away from reaching the level of 16700. Where as we have already stated earlier about the positive market sentiments, a weekly closing of above 16700 will boost the market conditions once again. Moreover, the best part in the past few days is the positive buying from FII. If Nifty successfully manages to sustain above the level of 16700 , then there’s a high probability that we can see a new high in Nifty, by this Diwali. As of now, we can uplift our support level from 15850 to now be at 16300. Also, cherry picking will again be a good strategy. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 16605.25 (84.40) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya