Get started

Niftyforecast

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
Morning Mantra, 21st July 2022Good Morning! Just as we have been stating about the positive market sentiments, similarly Nifty did show a good uprise in its levels yesterday, as it successfully made a high of 16588. Moreover, as we have already stated that it is very important for Nifty to sustain above the level of 16300, for 2 more days. So, we will have to be a little cautious for today and tomorrow. Whereafter, a Positive weekly closing will uplift nifty's support level from 15850 to 16100. As of now, we are still quite hopeful for Nifty to reach its next Resistance level of 16700. Until then, continue 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 - 16520.85 (180.30) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 21 Jul 2022NIFTY Intraday Trade Setup For 21 Jul 2022 Buy-Above 16625 Sl-16575 T-16700 16750 Sell-Below 16490 Sl-16540 T-16400 16330 NIFTY has formed a spinning top like candle in daily TF. It opened with a big gap up and consolidated the whole day ahead of Weekly Expiry. NIFTY has almost hit our swing buy target(16600). Sipping top is an alert candle that we may take a pause after the good up move we have enjoyed. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below our 16490 then we will short for the target of 16400 and 16330.Trail Below 16440. For buying we should wait till 16625 is closed in 5/15 TF as this is a PRZ area. Target above 16625 will be 16700, 16750 and 16800. 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, 20th July 2022Good Morning! Just as we had stated about our positive expectation on the 13th of July. Similarly even after a negative opening yesterday, Nifty had successfully managed to crossover and give a stable closing of above 16300. Now with fingers crossed we are looking forward to Nifty reaching its next level of Resistance at 16700. Where, if Nifty successfully manages to sustain above 16300 for the next 2 days, then we can easily shift our support level to 16100. Also, we are still with our words as the Market sentiments is becoming positive day by day. So, cherry picking will be a good idea here, as per your risk appetite. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 16340.55 (62.05) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 20 Jul 2022NIFTY Intraday Trade Setup For 20 Jul 2022 Buy-Above 16360 Sl-16310 T-16415 16480+ Sell-Below 16255 Sl-16300 T-16200 16150 NIFTY has closed on a positive sentiment with 0.38% gain. It opened with a gap down near our sell level. It triggered our buy level (10:10 ,5 Min candle) and with a zig zag move hit our target and gave a move from 16290-16359+. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 16360. Target will be 16415 and near 16500. For selling we need a 5 Min candle close below 16255.Target will be 16200. Below 16190 after a bounce will be 16150. 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, 19th July 2022Good Morning! Just as we had stated on the 13th of July itself, about our positive sentiments towards expecting Nifty to face a resistance near the levels of 16300. Similarly, we did observe how the Index is facing a tough Resistance near the stated level as with a beautiful uprise, it made a high of 16287.95 and had ultimately given us a closing of 16278.50, yesterday. So, with the crucial support at 15850, we are still with our words as we are positively hopeful to witness a cross over and a stable closing of above 16300 in Nifty. After which 16700 will be the next level of Resistance. Until then 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 - 16278.50 (229.30) Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya