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Niftyforecast

Morning Mantra, 21st June 2022Good Morning! Just as we had already stated about keeping the Market in an Observation mode for the next 2-3 Days. Fortunately, we did observe the same response from Nifty itself. As it continued to trade in between the levels of 15270-15350. Which however is a good sign for the Market. Moreover, it seems like the Index is somehow trying to take a support at this level of 15300. Also, just as we had already stated, avoid being too aggressive in the Market, until Nifty stably crosses 15580 on closing basis. So, be cautious as of now and wait for the beautiful closing of above 15580. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15350.15 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 21 Jun 2022NIFTY Intraday Trade Setup For 21 Jun 2022 Buy-Above 15400 Sl-15345 T-15500 15600 15700 Sell-Below 15250 Sl-15300 T-15200 15075 15000 NIFTY has formed an inside candle in daily TF. Candle is a bullish pin-bar. Indicating a potential pullback of the current down move. It will be active above 15400. Expected upside move can be till 15600 and 15700. Positional view does not change till a bullish price action establishes in daily TF. Since its an inside candle in daily TF, nothing major changes in analysis. Coming to tomorrow's trade setup, if index opens flat and a 15 min candle closes above 15400, we will long for the target of 15500 and 15600. last and final target will be 15700. Book max at 15700, PRZ placed. For selling one needs to wait till 15180 is broken in the downside. however a scalp trade can be done if a 15 Min candle closes below 16250. 1st target will be 15200. Below 15180 fresh downside move will come till 15000. 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- 15700 Hourly Resistance- 15900
NSE:NIFTY
by Omahto
Morning Mantra, 20th June 2022Good Morning! On witnessing a Doji formation on the chart of Nifty, which itself is indicating its indecisive mode. The Index has somewhat supported our view of keeping the Market in Observation for 2-3 Trading Days. Moreover, as Nifty has entered a very crucial zone of 15270-15300, it will be a good sign if it manages to stably sustain over the level of 15300 on a closing basis. Otherwise, the level of 14350 on the downside will soon be activated. Besides, we are still positive on the index, as we are hoping to soon witness a bounce back herefrom. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15293.50 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 20 Jun 2022NIFTY Intraday Trade Setup For 20 Jun 2022 Buy-Above 15400 Sl-15340 T-15500 15600 15700 Sell-Below 15180 Sl-15240 T- 15075 15000 14750 NIFTY has formed a doji candle in daily TF. We expected a pause candle after a big move so has happened. This is a pause candle and not a reversal yet. This will be marked a reversal candle if we get a big green candle in a follow up the next day. It just consolidated the whole day and formed a range on Friday. We will simply use this range to build our trade. If index opens flat and a 15 min candle closes above 15400, we will long for the target of 15500, 15600 and last target will be 15700. In case it opens flat and a 15 Min candle closes below 15200. Below that candle we will sell for the target of 15075 and 15000. 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- 15600, 15700 Hourly Resistance- 15900
NSE:NIFTY
by Omahto
Morning Mantra, 17th June 2022Good Morning! As we had stated yesterday itself, similarly Yesterday’s Trading Session was quite volatile almost throughout the day. Where finally, Nifty chose to break down its crucial support level of 15580 on a closing basis. Which was definitely an alarming factor. Reaching back to the levels of its 52 Week Low, Nifty had created a panic in the Market. Moreover, since today is the last Trading Day of the week, so today’s closing will be important. In the Meanwhile, avoid being too aggressive in the Market as of now. Instead keep the Momentum of the Index in your observation. Wherein, for the bull side view, witnessing a stable closing of above 15580 has now become very important. Also, stay cautious and go for portfolio review. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Previous Day Closing - 15360.60 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 17 Jun 2022NIFTY Intraday Trade Setup For 17 Jun 2022 Sell_1- From 15660 Sl-15700 T-15500 15400 Sell-Below 15330 Sl-15390 T-15200 15100 NIFTY has formed a big red candle which broke the weekly support. Possibility of this downside move can be extended till 14400 in the coming weeks. It opened with a decent gap and broke 10 o'clock range below 15764 and gave a downside move till 15335. Now coming to tomorrow's analysis, if index opens above 15500 or with a decent gap up then probability of an inside candle is high. So short from 15650-16660 for the target of 15500 and 15400 and below. In case it opens below flat then its for selling. On a 5 min candle close below 15535 and short for the target of 15200, 15100 and 15000. Avoid long positions while aggressive traders can long above 15500 if a bullish candle forms here in 5 Min TF. 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- 15660 Hourly Resistance- 15900
NSE:NIFTY
by Omahto
Morning Mantra, 16th June 2022Good Morning! It has been 3 Consecutive Days now, that Nifty has been trading in a strict consolidated range of 15950-15580. Which is why, we can say how highly confused the Index is currently. Therefore, it has now become very important to witness either a breakout of above 15950 or a breakdown through the support level of 15580, on a closing basis. However, as per the current chart setup, we are still quite positive on the Market. Moreover, we are still with our words, that Today & Tomorrow will be very crucial for the Market. In addition to which, it is being expected that we might witness a huge volatility in the Market today, since it is a weekly settlement day. So stay cautious, as of now! Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Previous Day Closing - 15692.15 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 16 Jun 2022NIFTY Intraday Trade Setup For 16 Jun 2022 Buy-Above 15785 Sl-15740 T-15850 15900 Sell-Below 15660 Sl-15710 T-15575 15490 NIFTY has formed an inside candle in daily TF. High and low of the mother candle will be levels to buy and sell. Market traded inside a range overall. It has closed at support. We will simply trade above and below today's high and low. Coming to tomorrow's trade setup, if a 15 Min candle closes below 15680(safer level- 15660) we will short for the target of 15575 and 15490. Final target will be 15350 in the coming days. For buying we need a candle close above 15785 to initiate a long position for the target of 15850 and 15900. 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- 15660 Intraday Resistance- 15900 Hourly Support- 15350 Hourly Resistance- 16200
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 15 Jun 2022NIFTY Intraday Trade Setup For 15 Jun 2022 Buy-Above 15900 Sl-15840 T-16000 16100 Sell-Below 15650 Sl-15700 T-15575 15490 NIFTY has formed an inverted hammer in daily TF. It tested and bounced from the weekly support level- 15670. It was a volatile day both sides moves were seen. Important support is today's low- 16559. If a 15 min candle closes below this then a sharp fall will be seen. Coming to tomorrow's trade setup, if index opens flat and a 15 min candle closes below 15650, we will short for the target of 15575 and 15500. We need a 15 Min candle closes above 15900 to initiate a long trade. Targets will be 16000 and 16100. In between weather you should avoid any directional trade. 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- 16550 Intraday Resistance- 15900 Hourly Support- 15350 Hourly Resistance- 16200
NSE:NIFTY
by Omahto
Morning Mantra, 14th June 2022Good Morning! Another day of Gap down opening from Nifty, had resulted in the creation of huge panic in the Market, yesterday. Well, we can say that as per the current market scenario, the index is somewhere or the other trading at its edge. Wherein, with the crucial support level of 15580 on the downside, it has now become very important for the Index to stably cross over and give a closing of above 15950. Moreover, this week, will somehow be very crucial for the Market. Where in the meanwhile, it will be suggested to stay cautious and to wait for Nifty to take an either side direction of above 15950 or below 15580. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 13.06.22 - 15774.40 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 14 Jun 2022NIFTY Intraday Trade Setup For 14 Jun 2022 Buy-Above 15900 Sl-15850 T-16000 16100 Sell- Below 15670 Sl-15720 T-15575 15490 NIFTY opened with a huge gap down today, 10 o'clock range broke downside and gave a small move downside. It has bounced from the weekly support levels. Breakdown of 15670 can lead to a free fall till 15500 and 15350. Coming to tomorrow's trade setup, if index opens above today's high- 15890 and a 5 Min candle closes above this then we will long for the target of 16000 and 16100. Incase it opens flat and a 15 Min candle closes below 15685, we will short for the target of 15575 and 15490. In case it opens gap up but below today's high. then we will sell from 15870 for the target of 15770 and below. 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- 15670-80 Intraday Resistance- 15870 Hourly Support- 15350 Hourly Resistance- 16200
NSE:NIFTY
by Omahto
Morning Mantra, 13th June 2022Good Morning! On the last Trading Day of the previous week, we had observed a gap down opening from the stated crucial level of support of 16400. As a result of which, we did see a lot of Panic in the Market. As of now, the Market seems to be in a very strong consolidation zone of 15850-16700. Moreover, since Nifty is currently trading in its narrow trading range of 15850-16400, it will be suggested to not be too aggressive in the Market until we get a stable closing of above 16400. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 10.06.22 - 16201.80 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 13 Jun 2022NIFTY Intraday Trade Setup For 13 Jun 2022 Buy-Above 16235 Sl-16180 T-16300 16350 Sell-Below 16170 Sl-16220 T-16065 16000 NIFTY has closed in a complete bearish sentiment on Friday. It opened with a huge gap down below our sell level and hit all our sell targets. The weekly candle is a complete bearish candle. Chances of of a big gap down on Monday is expected. Important support in downside is 16000 and 15800. Weekly support lies near 15670-15700. Below weekly support we will plan our positional trade. Coming to Monday's trade setup, incase it opens flat and a 15 Min candle closes above 16235, we will long for the target of 16300 and 16350. In case we see a flat to a mild gap down then below 16170 we will short for the target of 16065 and 16000. 16000 is a hourly support zone, book max here. 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- 16330-50 Hourly Support- 15800 Hourly Resistance- 16500
NSE:NIFTY
by Omahto
Morning Mantra, 10th June 2022Good Morning! Just as we had stated yesterday, similarly Nifty stood up to our expectations by giving us a positive closing of above 16400. So with this, Nifty has once again entered its zone of 16400-16700. Wherein, the level of 16700 once again becomes its targeted level of Resistance and on the other hand, the level of 16400 becomes the crucial support zone on the downside. Moreover, since today is the last trading day of this week, so the day’s closing will play a very crucial role. In the Meanwhile, continue being stock specific, as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 09.06.22 - 16478.10 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 10 Jun 2022NIFTY Intraday Trade Setup For 10 Jun 2022 Buy-Above 16515 Sl-16460 T-16570 16610 Sell-Below 16330 Sl-16380 T-16250 16160 NIFTY has formed a bullish engulfing candle in daily TF. It opened gap down at our target 16260 and took support from our support zone and headed towards 16490. 10'o clock range broke upside above 16340 and gave a momentum upside. Coming to tomorrow's trade setup, we will long above if a 15 Min candle closes above 16515. Target will be 16570 and 16610. For selling we need a 15 min candle close below 16330. Target will be 16250. Below 16240 next target will be 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 Support- 16400 Intraday Resistance- 16500 Hourly Support- 16000 Hourly Resistance- 16600
NSE:NIFTY
by Omahto
1
Morning Mantra, 9th June 2022Good Morning! Finally, yesterday Nifty decided to take a breakdown through the support level of 16400 on a closing basis. Well, that too it was in the last 2 hours of the yesterday’s trading session that the index chose to do so. This could perhaps be the outcome of the announcement made by the RBI in regards to the hike in the Repo Rate, yesterday. Otherwise, we are still hopeful for the positive side in the index. Since, this breakdown was not much supported by the supply pressure yesterday, as it could have been if the case was otherwise. Which again, somehow shows the strength in the Market, as of now. However, today will be a very crucial day. So, stay cautious and wait for today’s closing. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 08.06.22 - 16356.25 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 9 Jun 2022NIFTY Intraday Trade Setup For 9 Jun 2022 Sell_1- From 16450 Sl-16500 T-16370 16300 Sell_2-Below 16330 Sl-16380 T-16270 16200 16160 NIFTY has closed on a negative note after showing all kinds of move triggered by RBI event. It was just too volatile. Only one trade was valid sell from resistance which was shared- 16520. Tomorrow is weekly expiry , chances of an inside candle is high if today's low is not breached in the 1st 45 Min. Coming to tomorrow's trade setup, if 16450 is tested in the 1st 45 Min, we will sell for the target 16370 and 16300. Second sell position will be created if a 15 Min candle closes below 16330. Then sell for the target of 16265. Below 16250 index will head towards 16200 and 16160. This will be best on a flat opening. 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- 16450-70 Intraday Support- 16300 Hourly Resistance- 16600 Hourly Support-16000
NSE:NIFTY
by Omahto
2
NIFTY Intraday Trade Setup For 8 Jun 2022NIFTY Intraday Trade Setup For 8 Jun 2022 Buy-Above 16445 Sl-16400 T- 16520 16570 Sell-Below 16345 Sl-16390 T- 16270 16170 NIFTY has formed a small hammer like candle in daily TF. Last day we planned to sell below 16550 which was not triggered because of the gap down opening. By the time it triggered our 2nd sell level 16440 and hit our target of 16350 in the downside. As usual bounce from the marked support zone. Coming to tomorrow's trade setup, if a 15 Min candle closes above 16445. Long for the target of 16520 and 16570. Book max at 16520. If a 15 Min candle closes below 16350. Short for the target of 16270 and 16170. 16270 is a intraday PRZ area if index shows some kind of reversal signal then book shorts here otherwise hold till 16170. 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- 16270 Intraday Resistance- 16520 Hourly Support- 16170 Hourly Resistance- 16800 Tomorrow is RBI monetary policy.
NSE:NIFTY
by Omahto
Morning Mantra, 8th June 2022Good Morning! With the back to back 2 days of dullness in the Market, it seems like Nifty is somehow or the other preparing itself for a cross over of above 16700. As on a positive note even after a dry trading day yesterday, Nifty somehow managed to not violate its strong support level of 16400 on a closing basis. Thereby, adding up to our Hope of witnessing the bull side of the market in the upcoming days. Moreover, since Nifty is still trading in its consolidation zone of 16700-16400, we will yet again be waiting for an either side of breakout or breakdown by the index. Until then stay stock specific! Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 07.06.22 - 16416.35 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Nifty Analysis ! Nifty Levels ! Nifty Outlook ! Nifty PredictionMarket is in negative territory. We have to find opportunity to sell on rise only untill market cross & sustain above 17000. Condition applied. S1:16360 S2:16286 S3:16200 R1:16460 R2:16563 R3:16649 Gaps: 16204 & 15839 Condition 1: If we witnessed Gap down opening then for sure market will retest 16204, so wait for 3 black crows pattern & enter. Condition 2: Sideways , Wait for 1st 15 min candle to make High & low & then take the trade, Any long trade will be only with small quantity. Condition 3: Gap up opening, Again need to wait , Check Volume & OI, Wheather its supporting price or not & then take trade.
NSE:NIFTYShort
by Option_Kontrol
Morning Mantra, 7th June 2022Good Morning! In the yesterday’s trading session, we observed a negative opening from Nifty. Followed by a beautiful recovery in the 2nd half and then a flat closing at the end of the day. Observing the indices momentum throughout the day, we can see that somewhere or the other the index is repeatedly facing a strong support at the level of around 16400. Thereby showing the strength in the Market. Moreover, as Nifty is still trading in its consolidation phase of 16700-16400, we will have to wait for an either side breakout or breakdown from the index . Also, as per the market’s stock specific momentum throughout the day, it will be suggested to continue being stock specific, as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 06.06.22 - 16569.55 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 7 Jun 2022NIFTY Intraday Trade Setup For 7 Jun 2022 Buy-Above 16615 Sl-16560 T-16710 16765 Sell-Below 16550 Sl-16600 T- 16500 16440 NIFTY has closed almost flat and formed an doji candle in daily TF. last day we planned to sell below 16565, gave us entry in the opening and hit our target near 16440 in just 10 Min. Target was the hourly and intraday support which was already shared in the last trade setup. As usual a hammer formed at support and index shot up 160 points from there. IT has formed an pause candle, next move will be triggered above and below of the high and low of the doji candle. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 16600. Above its high we will long for the target of 16700. Book max near 16720. Extended target can be 17765. For selling if a 15 Min candle closes below 16550. Short for a small target of 50-70 points. Below 16440 a short position can be opened for bigger targets- 16350, 16270 and 16200. 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- 16440 Intraday Resistance- 16720 Hourly Support- 16440 Hourly Resistance- 16800
NSE:NIFTY
by Omahto
2