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Niftyforecast

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
NIFTY Intraday trade Setup For 19 Jul 2022NIFTY Intraday trade Setup For 19 Jul 2022 Buy-Above 16290 Sl-16240 T-16340 16400 16500 Sell-Below 16200 Sl-16250 T-16150 16070 NIFTY has closed on a positive sentiment after a hammer was formed on the last trading session. It opened with a big gap up. 10 o'clock range broke upside above 16200 and gave a momentum till 16287. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 16290 we will long for the target of 16340-50, 16400 and finally 16500 levels. In case a 15 Min candle closes below 16200, we will short for the target of 16150. Below 16140 we will retest 16060-70 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
4
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
NSE:NIFTYLong
by manojshinde27
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
NSE:NIFTYLong
by alokdaiya
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.
NSE:NIFTY
by Omahto
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
NSE:NIFTY
by alokdaiya
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.
NSE:NIFTY
by Omahto
2
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
NSE:NIFTY
by alokdaiya
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.
NSE:NIFTY
by Omahto
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
NSE:NIFTYLong
by alokdaiya
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.
NSE:NIFTY
by Omahto
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
NSE:NIFTYLong
by alokdaiya
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
NSE:NIFTY
by Omahto
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
NSE:NIFTY
by manojshinde27
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
NSE:NIFTYLong
by alokdaiya
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
NSE:NIFTY
by Omahto