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NIFTY Intraday Trade Setup For 08 Aug 2022NIFTY Intraday Trade Setup For 08 Aug 2022 Buy-Above 17500 Sl-17450 T-17580 17650 Sell-Below 17345 Sl-17400 T-17280 17215 NIFTY has closed flat on Friday and has formed an inside candle in daily TF. Next momentum will be seen above mother candle's high( 17500) and low(17150). Important resistance as of now is 17500 and 17200 being the support. If price sustains above and below these levels we can expect a directional move either side. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17500 we will long for the target of 17580 and 17650. We will short below 17345 if a 15 Min candle closes below. Targets will be 17280 and 17215.Below 17200 we will hit 17150. 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, 5th August 2022Good Morning! A bearish pattern formation, named as Hanging Man on Nifty’s Day chart, is somehow indicating Today to be a profit booking Day. So, be a little cautious. Although profit booking at the current levels is quite natural. Besides, with the support level of 16700, the overall sentiments of the Market still seems to be quite positive. Also, as per our observation, from the past few days most of the stocks are at their respective resistance zone. Which altogether can also create a selling pressure on the Market for a very short term. Happy Investing! Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17382 (-6.15) Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 05 Aug 2022NIFTY Intraday Trade Setup For 05 Aug 2022 Buy-Above 17410 Sl-17350 T-17490 17600 Sell-Below 17215 Sl-17270 T-17155 17100 NIFTY has closed flat and formed a hanging man on daily chart. It opened with a gap up near 17500 which was our 1st target in buy side. We already planned that we will trade on 10 o'clock range breakout in case of any gap up/down. 10 o'clock range broke downside below 17445 and gave a directional move till 17162. Tomorrow is RBI Credit policy so one should be very careful and safe traders should avoid trading tomorrow. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17410 we will long for the target of 17490. Above 17500 we will hit 17600. If a 15 Min candle closes below 17215 , we will short for the target of 17155 and 17100. 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, 4th August 2022Good Morning! As we can see, the Market is beautifully giving us a bounce back at every lower level. Also, buying opportunities at these lower levels is indicating to be a good sign for the Market. Moreover, as we have been repeatedly saying, the Market still seems to be in a very good mood and is getting ready for a new high by this Diwali. So, yes altogether it’s a good time for getting your portfolio evaluated and rebalanced, according to your risk profile and goals. Besides, the level of 16700 remains to be our level of support, as of now. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17388.15 (42.70) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 04 Aug 2022NIFTY Intraday Trade Setup For 04 Aug 2022 Buy-Above 17410 Sl-17350 T-17500 17600 Sell-Below 17215 Sl-17275 T-17155 17060 NIFTY has closed on a slight positive note with 40 points gain. Closing is near day high. A range (17200-17400) has been formed since last 3 trading sessions. Today it tested the upper range. Above 17410 we will see a range breakout/shift. Range height is of 190 points. So, are likely to see a directional move above and below of the range (17410 - 17215). Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17410 we will long for the target of 17500 and 17600. Book max near 17600, PRZ placed. For selling we need a 15 Min candle close below 17215. Post breakdown downside target will be opened till 17060. So 1st target will be 17155 then 17060. 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, 3rd August 2022Good Morning! What a wonderful bounce back in Nifty from the lower levels. Also, we got to witness another consecutive day of a beautiful closing of above 17300. So yes, again the Market has been showing some good strength, supported with good number of various companies. Well as of now, we are still with our words that is to tighten your seat belt and get ready to witness a new high in the index some time soon. Also, Cherry Picking Strategy will be a good idea here, along with which portfolio rebalancing will be like a cherry on the cake, as it’s a good time to do so. Therefore, do the smart work and start accumulating some good stocks here, and go for some profit booking in the stocks that have already been accumulated. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17345.45 (5.40) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 3 Aug 2022NIFTY Intraday Trade Setup For 3 Aug 2022 Buy-Above 17390 Sl-17330 T-17470 17555 Sell-Below 17215 Sl-17270 T-17155 17075 NIFTY has closed absolutely flat today. It was a volatile session where it was in an overall range but volatile. Last day we planned to sell below 17250, it gave 30 points downside move and then hit our sl. The candle closing is hint to pause in current uptrend. However above today's high the trend will continue. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17390, then we will long for the target of 17470, 17555. If a 15 Min candle closes below 17215 we will short for the target of 17150-55. Below that we will head towards 17075 and 17020 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, 2nd August 2022Good Morning! Finally, Nifty was successful in giving us a beautiful closing of above 17300, yesterday. Where some positive contributions were from different sectors specially Auto. As of now, it is being expected that somehow, this results season can continue to contribute positively towards such a Market Momentum. Also, we can now uplift our support level from 16300 to now be at 16700. As we are optimistic about our expectations of Nifty making 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 - 17340.05 (181.80) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 2 Aug 2022NIFTY Intraday Trade Setup For 2 Aug 2022 Buy-Above 17357 Sl-17300 T-17420 17520 Sell-Below 17250 Sl-17300 T-17155 17070 NIFTY has closed once again on a positive note with 1% gain. Last day we planned to long above 17175. It gave a perfect entry and hit our targets (17175-17355+). It was a smooth day, easy to ride. Its approaching 17500. Coming to tomorrow's trade setup, if index opens flat a 5 Min candle closes above 17357(17360) we will long for the target of 17420, and 17500-20. As of now there is no selling signal across all TF, be it 5 or 15 Min. Let a negative price action (LLLH) establish. However if a 5 min candle closes below 17250, we will short for the target of 17155 and 17070. If market opens with a big gap up then we will avoid long positions. 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, 1st August 2022Good Morning! What a beautiful week, What a beautiful Month of July it was! Where, finally Nifty did beautifully fulfill our expectations of witnessing a crossover of above 16700. Not just that, but after it’s crossover, a beautiful recovery was also witnessed in the Market, just the way it was predicted. So, as of now, the index is indicating a very good momentum. So much so that we can expect to witness a fresh New High in both the indices by this Diwali. Until then keep following the Cherry Picking Strategy and review your portfolio. Add some valuable stocks in the portfolio and book partial profit in those stocks that gave you a hard time during the Months of April-June 2022. Moreover, we expect the Month of August to bring happiness to all our viewers. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 17158.25 (228.65) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 01 August 2022NIFTY Intraday Trade Setup For 01 August 2022 Buy-Above 17175 Sl-17120 T- 17235 17300 17400 Sell-Below 17060 Sl-17110 T-17000 16950 16860 NIFTY has closed on a positive note across all the TF( D,W,M). Index is approaching near 17845, also the daily trendline resistance is also placed there. Maintain a bullish view till a daily candle closes below any previous day's low. Immediate important support support is 17000 and 17500 being the resistance. Coming to Monday's trade setup, if index opens flat and a 5 Min candle closes above 17175, we will long for the target of 17235, 17300 and 17400. Book max near 17300. In case a 5 min candle closes below 17060, we will short for the target of 17000, 16950 and 16860. 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
11
Morning Mantra, 29th July 2022Good Morning! Well, just as we had stated about witnessing a boost in the market sentiments above the level of 16700, similarly right after a breakout of above the stated level, Nifty went straight for the levels of 16947, as the day’s high, yesterday. Moreover, with our stated support level of 16300, we are still quite positive on the Market as we expect to witness a good bullish momentum, i.e, a New High by the Diwali Festival. Also, if everything goes smoothly and as expected then very soon we can uplift our support level to 16700. 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 - 16929.60 (287.80) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
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