Nifty Daily Levels Update For Option Day Trading
First Possible Trade in Nifty , If Nifty Open Gap Down Near Suport Zone
Tread Entry
If Nifty Sustain Above Support Zone (16230 -16248) You can Buy 16250 ATM CALL OPTION
Trade Target
First Target For Nifty - 16300 and Second Target For Nifty is 16368
Tread Stoploss
If Nifty Index 30 min. Candle Closes Below Support Zone (16248 -16230 ) , Exit From Up Side Trade Or maximun 20/25 points Stoploss
Tomorrow Put Side Posiible Trade in Nifty - If Nifty Open Near Resistance Zone
Tread Entry
If Nifty Sustain Below Resistance Zone (16368 -16354 ) You Can Buy 16350 ATM PUT OPTION
Trade Target
First Target For Nifty - 16250 and Second Target For Nifty is 16150
Tread Stoploss
If Nifty Index 30 min. Candle Closes Above Resistance Zone (16368 -16354 ) , Exit From Down Side Trade Or maximun 20/25 points Stoploss
Niftyforecast
Morning Mantra, 18th July 2022Good morning
In the Last week, Nifty took a beautiful support at the level of 15850 and had given a beautiful weekly closing, which altogether is somehow indicating a beautiful rally in Nifty in this week.
The level 16300 will be an immediate Resistance, closing above which we can face a crucial Resistance at 16700.
As of now, cherry picking will be a good strategy.
Be stock specific.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 16049.20 (110.55)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 18 Jul 2022NIFTY Intraday Trade Setup For 18 Jul 2022
Buy-Above 16070
Sl-16010
T-16145 16228
Sell-Below 16000
Sl-16060
T-15930 15875
NIFTY has formed an inside candle in weekly TF. High and low of the mother candle is 16275.5 and 15661.8. So we can expect a bullish momentum above 16300 and downside momentum below 15650. After taking support from the hourly trendline it has formed a hammer candle in daily TF. Above 16070 we are likely to see a good upside momentum till 16200-16230.
Coming to Monday's trade setup, if index opens flat and a 5 Min candle closes above 16070, we will long for the target of 16145 and 16228.
If 5 Min candle closes below 16000 we will short for the target of 15930. Below 15920 we will head towards 15875.
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.
Morning Mantra, 15th July 2022Good Morning!
Just as we had considered yesterday to be a No Trade Day, similarly we did witness some volatility in the Market. Where after making a high and a low of 16070 and 15858 respectively on the very same day, Nifty had ultimately given us a flat closing of 15938. However, we are considering this market momentum as a pull back.
For now, we are expecting to witness Roller Coaster day today. Besides, as per the current market scenario, a positive momentum in different stocks across different sectors is somehow showing some hidden strength in the Market. So, we are still positive on the Market until it gives a closing of below 15850.
In the meanwhile, continue being stock specific as of now.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 15938.65 (-28.00)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 15 Jul 2022NIFTY Intraday Trade Setup For 15 Jul 2022
Buy-Above 16005
Sl-16950
T-16070 16145
Sell-Below 15855
Sl-15905
T-15800 15730
NIFTY has closed almost flat today. Last day we planned to buy above 16010 and our 1st target was 16070 which was hit. Then from the dot target it fell nonstop and triggered our sell level also. Short trade gave a move from 15950 till 15860.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 15855, we will short for the target of 15800. 15785-15800 can act as a support. But if this is broken after a bounce then we will hit 15730 or below that.
If a 5 Min candle closes above 16005 then we will long for the target of 16070 and 16145.
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.
Morning Mantra, 14th July 2022Good Morning!
In the yesterday’s trading session, we did witness some profit booking in the Market.
Although by the end of the day, Nifty had given us a closing of just above our cautioned support zone of 15850-15950.
So, as per the current scenario, it is advisable to stay cautious for today. Also be stock specific and consider today as a No Trade Day, if possible.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 15966.65 (-91.65)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 14 Jul 2022NIFTY Intraday Trade Setup For 14 Jul 2022
Buy-Above 16010
Sl-15950
T-16070 16120 16160
Sell-Below 15950
Sl-16000
T-15890 15840 15800
NIFTY has closed in a negative note today with more than 0.5% cut. Last day we planned to sell from 16100 if tested in the 1st 45 Min. It opened near 16120 above our sell level. As soon as it triggered our sell level and a 5 Min candle closed below. We got a smooth trendy move till 15950.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 15950 we will sell for the target of 15890, 15850 and 15800.
On a flat opening if a 5/15 min candle closes above 16010. We will long for the target of 16070 and 16020.
In case we see a big gap down near 15800, we will plan for a long trade above the 1st 5 Min candle's high.
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.
nifty tomorrow trade planAll the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
Morning Mantra, 13th July 2022Good Morning!
Just as we have been stating, similarly as per the current market scenario, Nifty still seems to be creating a platform at around its support zone of 15850-15950.
Therefore, with the crucial support level of 15850, we hold a positive sentiment towards our expectation of witnessing a cross over and a closing of above 16300. After which Nifty will soon be ready for its next Resistance level of 16700.
So, until then continue following the Cherry Picking Strategy and keep reviewing your portfolio.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 16058.30 (-157.70)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 13 Jul 2022NIFTY Intraday Trade Setup For 13 Jul 2022
Buy-Above 16160
Sl-16120
T-16225 16280 16300
Sell-From 16100
Sl-16150
T-16030 15980 15890
NIFTY has closed on a negative note with nearly 1% cut. It opened with a gap down then at 12:15(5 Min candle) triggered our sell level and gave a move till 16070 then a deep pullback till 16144 then again a fall till our 1st target.
Coming to tomorrow's trade setup, if index opens near 16100 or is tested in the 1st 45 Min. We will sell for the target of 16030, 15980 and 15890. This is safer than trading breakdown below today's low-16030.
For buying need a 5/15 Min candle close above 16160. Target will be 16225-30. Above 16250 target will be 16275 and 16325.
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.
nifty tomorrow trade planAll the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
Morning Mantra, 12th July 2022Good Morning
Just as we have been stating in our updates, similarly Nifty has shown us a beautiful recovery from yesterday’s low of 16115 to a day’s high of 16248.
Moreover, on the positive note, the index now seems to be taking a strong support at our trailed level of 15850. So, we are now expecting to witness a stable cross over of above 16700 very soon.
Until then, continue following the Cherry Picking Strategy.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 16216 (-4.60)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 12 Jul 2022NIFTY Intraday Trade Setup For 12 Jul 2022
Buy-Above 16250
Sl-16200
T-16325 16400
Sell-Below 16115
Sl-16165
T-16045 15990
NIFTY has closed almost flat today. It opened with a slight gap down and triggered sell at 16160. It gave 40 points gain. Then 10 o'clock range broke upside above 16180 and gave a good move till 16248+.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 16250 we will long for the target of 16325. Book max here. Extended target will be 16400.
For selling we need a 15 Min candle close below 16115. Target will be 16050 and 15990. Weakness will come below 16160.
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.
Intraday Resistance- 16325
Intraday Support- 15985
Nifty Daily Levels Update For Option Day Trading Nifty Possible Trade for Tomorrow (Nifty me Kal Konsa Trade Le sakte hai )
When to Buy Call Option in Nifty Option Contract
Tomorrow First Up Side Possible Trade in Nifty50
Trade Entry – If Nifty Sustain above Support Zone (16235 – 16220) You Can Buy ATM CALL Option ( 16200 CALL)
Nifty Target – Nfty Upside First Target is 16300 & 16350
Trade Stoploss – If Nifty50 index Any 30 min candle Close Below Support 16220 then Exit from Trade or max . 20/25 Points Stoploss .
Tomorrow Second Up Side Possible Trade in Nifty50 – If Nifty Open Gapdown
Trade Entry – If Nifty Sustain above Support Zone (16044 – 16022) You Can Buy ATM CALL Option ( 16200 CALL)
Nifty Target – Nfty Upside First Target is 16147 & 16220
Trade Stoploss – If Nifty50 index Any 30 min candle Close Below Support 16220 then Exit from Trade or max . 20/25 Points Stoploss .
When to Buy Put Option in Nifty Option Contract
Tomorrow Down Side Possible Trade in Nifty50
Trade Entry – If Nifty Sustain Below Resistance Zone (16221 – 16235) Buy 16200 PE Option Contract
Trade Target – Nfty Down side First Target is 16147 and second target is 16050
Trade Stoploss – If Nifty50 index Any 30 min candle Closes Above (16235) or max . 20/25 Points Stoploss
Morning Mantra, 11th July 2022Good Morning!
Just as we had stated on the last trading day about our expectation of witnessing a solid weekly closing from Nifty. Fortunately, we did witness the same on last Friday.
Also, as had been mentioned earlier, we can now trail our support level to 15850 on closing basis, as the aforementioned level will play a very crucial role once again.
Moreover, with this level of support, we are now expecting the Market to get ready for the level of 16700 on the upper side.
In the meanwhile, Cherry Picking Strategy can now be followed.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 16220.60 (87.70)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 11 Jul 2022NIFTY Intraday Trade Setup For 11 Jul 2022
Buy-Above 16240
Sl-16190
T-16300 16400
Sell-Below 16160
Sl-16200
T-16100 16050
NIFTY has closed with 0.5% gain on Friday. Swing got triggered on 6 Jul last week. We expected NIFTY to touch 16600 above 15930. So index has given more than 2% move till now. Index has made small range on Friday's session. We will simply initiate a trade above and below the range high and low respectively.
Coming to Monday's trade setup, if index opens flat and a 5 Min candle closes above 16240. We will long for the target of 16300 and 16400.
For selling if a 5/15 Min candle closes below 16160. We will short for the target of 16100 and 16050.
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.
Intraday Support- 16000
Intraday Resistance- 16305
Morning Mantra, 8th July 2022Good Morning,
What a Memorable Day it was Yesterday, for all our Morning Mantra followers and 8th Club Members!
As finally yesterday, we got to witness a beautiful recovery of almost 1000 points in Nifty, from the date of 17th of June 2022, when the index had made a 52 week low of 15183.40.
We are extremely delighted that our timely consolations and positive suggestions like to avoid panicking and to avoid being too aggressive along with hopeful statements like “Border mai Fauji” and “Chart mai Doji” at the right time, had helped you all to stay intact in the crucial phase.
Well, now that we have somewhat covered this crucial journey, on a positive note we can now shift our support level to 15850 on closing basis.
Last but not the least, we are now expecting to witness a solid weekly closing from Nifty.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 16132.90 (143.10)
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 8 Jul 2022NIFTY Intraday Trade Setup For 8 Jul 2022
Buy-Above 16150
Sl-16100
T-16200 16250 16300
Sell-Below 16050
Sl-16100
T-15990 15900
NIFTY has closed 0.9% up today. Max gain came from gap up opening. It just consolidated between 10 o'clock trading range(16150-16050). No breakout was seen either side. Tomorrow's trade setup will be based on today's high and low respectively.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 16150 we will long for the target of 16200, 16250 and 16300. 16300-16320 can act as resistance.
Similarly if a 15 Min candle closes below 16050, we will short for the target of 15990 and 15900.
In case of a big gap up near 16300 we will plan for sell below 1st 5 min candle's low.
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.
Intraday Resistance- 16300-20
Intraday Support- 15900-20
Morning Mantra, 7th July 2022Good Morning!
What a beautiful recovery was witnessed in the Market, yesterday. Just as we had stated on the 5th of July itself, in the same way, we had finally witnessed a beautiful closing of above 15950 in the yesterday’s trading session.
Moreover, with the same level of support at 15700, we will now be requiring a stable weekly closing of above 15950. After which we will have an advantage of shifting our support level to 15850.
Until then continue being stock specific and keep a watch on the weekly closing of the index.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16800-17200-17400
-17700-17900-18000-18350
Nifty’s Previous Day Closing - 15989.80 (178.95)
Regards,
Alok Daiya
nifty tomorrow trade planAll the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.