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Niftyforecast

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
Nifty Analysis ! Nifty Levels ! Nifty Outlook ! Nifty PredictionAfter a sideways market what next ? As per me sooner we will heading toward 16366 &16204 (Gap down pending). Note: We will not be taking any Long position until 17000 taken out, mean while we can only go with small quantity. Support 1:16460 Support 2: 16360 Res 1: 16650 Res 2: 16741 Condition applied: Condition 1: If we see any gap down opening near by 16460 then wait for 15 min to sustain the level & then take entry on put side. Or If we see gap down opening below 15460-16366 even though wait for 15, mark high low & then take trade. Condition 2: If market Gap up then check OI & Volume, wait for pattern : Three White soldier pattern / Three black crow pattern & then take position.
NSE:NIFTYShort
by Option_Kontrol
Morning Mantra, 6th June 2022Good Morning! A beautiful positive Friday morning turned into a negative and a disappointing afternoon. As even after a opening at around 16761, Nifty was unable to sustain above the level of 16700 by the end of the day and we observed a huge supply pressure near the stated resistance level. So, as of now, Nifty is still trading in its consolidation zone of 16400-16700. Where, for the next move we need a quite clear indication of an either side direction, i.e., either a breakout of above 16700 or a breakdown through 16400. Until then, we have to be very stock specific, as of now. Moreover, as the sentiments for the Market is still quite positive, so Cherry Picking strategy can still be followed. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 03.06.22 - 16584.30 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 6 Jun 2022NIFTY Intraday Trade Setup For 6 Jun 2022 Buy-Above 16800 Sl-16750 T-16850 16950 Sell-Below 16565 Sl-16620 T-16470 16440 NIFTY has formed a shooting star in weekly TF. Low of the candle is 16438. Below candle's low, we can expect a fall till 16000. Whole week it traded between a range - 16800 and 16438. In the coming week the next direction move will be triggered above 16800 in the upside and 16435 in the downside. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 16570, we will short for the target of 16440-70. 16440 is an important support. In case a 15 Min candle closes below this then we can extend our short position till 16350. For buying we need to wait till a bullish price action is established in 15 Min TF. And in the safer side will will long only above 16800. Target will be near 16950. 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- 16720,16800 Hourly Support- 16440 Hourly Resistance- 16800
NSE:NIFTY
by Omahto
Nifty Analysis ! Nifty Levels ! Nifty Outlook ! Nifty PredictionAgain after a wonderful rally weekend closed in GREEN. Finally yersterday GAP was filled which was @ 16641 & Same has beeb updated in tweeter. Lets plan it for Monday : 3 June All bullish view finally converted into Bearish view after watching last two 30 min candle. Below Pending GAPS ARE : 16366 & 16204. Supp 1: 16563 Supp 2: 16460 Supp 3: 16360 Res 1: 16650 Res 2: 16741 Res 3: 16842.5 Monthly view : Indecision candle Weekly View : Rejection from Top & Bottom as well. Day View : Bearish candle. I am expecting market to fullfill atleast 16366 Gap by monday/Tuesday & so on.
NSE:NIFTYShort
by Option_Kontrol
Morning Mantra, 3rd June 2022Good Morning! Since the past few days, we can clearly observe that Nifty is neither being able to cross over 16700 nor is breaking down the crucial support level of 16400 on the downside. Thereby, reflecting a strength in the Market. As per the current chart setup we are positively expecting to witness a breakout of above 16700 today, subject to any systematic risk. So, altogether today will somehow be a very crucial day for the Market. Wherein, if we get to witness a stable closing of above 16700 today, then it can be very favourable for the market in the upcoming days. Also, since the Market is still trading in a stock specific zone, it will be suggested to continue being stock specific as of now. Stocks on Radar: HDFCLIFE, PAYTM, KOTAKBANK Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 02.06.22 - 16628 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 3 Jun 2022NIFTY Intraday Trade Setup For 3 Jun 2022 Buy-Above 16700 Sl-16640 T-16800 16900 Sell-Below 16440 Sl-16500 T-16350 16275 NIFTY has formed an inside candle in daily TF. It took support from 16440 and headed towards 16440. 10 o'clock range broke upside above 16540. Our buy level was 16600. It gave a small move till 16440. It was a option seller's expiry. Range formation continues. Now the range is 16700 and 16440. Breakout of this range will give us trade either side. Coming to tomorrow's trade setup, if a 15 Min candle closes above 16700, then we will long for the target of 16800, 16900 and 16950. If a 15 Min candle closes below 16440. we will short for the target of 16350, 16275 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- 16700 Hourly Support- 16200 Hourly Resistance- 16950-17000
NSE:NIFTY
by Omahto
Morning Mantra, 2nd June 2022Good Morning! Once again a beautiful stock specific momentum was witnessed in the Market, yesterday. Although, we have already stated that this week will be a little crucial as well as important for the Market. As it can be observed that Nifty is facing a lot of Resistance at around the level of 16700, a closing of above this level for the remaining days of the week, will be a very good sign for the Market. Whereas, on the other hand, the level of 16400 on the downside remains to be a strong level of support. In the meanwhile, as of now, continue being stock specific and begin following the Cherry Picking Strategy. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 01.06.22 - 16522.75 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 2 Jun 2022NIFTY Intraday Trade Setup For 2 Jun 2022 Buy-Above 16600 Sl-16540 T- 16680 16800 Sell-Below 16435 Sl-16485 T-16350 16275 NIFTY broke the last 2 day's range and closed 60 0.37% down. Last day we planned to sell below 16500. It gave a 60 points profit. However more room is left in the downside. Tomorrow is weekly expiry. So, we need to be cautious in any positions. Targets in the downside are 16350 and 16275. This will be achieved below today's low-16435. Coming to tomorrow's trade, if index opens flat and a 15 Min candle closes below 16440, sell for the target of 16350 and 16275. Book max near 16200. This is a strong support zone. For buying if a 15 Min candle closes above 16600. Long for the target near 16700. Above 16700 Index has enough room in the upside. 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- 16275,16200 Intraday Resistance-16700 Hourly Support- 16000-16100 Hourly Resistance- 17000
NSE:NIFTY
by Omahto
Morning Mantra, 1st June 2022Good Morning! Again in the yesterday’s trading session, we did observe how much of a pressure Nifty is currently facing to cross over the level of 16700. As once again even after making a high of around 16690, the index failed to cross over the stated level of Resistance. Besides, we got to witness a lot of supply around that level. However, there was a beautiful stock specific momentum throughout the day. Moreover, as we have already stated, this week will be very important for the Market. Wherein, we are still with our words that on the upper side, 16700 will play a crucial role as a Resistance. Whereas, 16400 will continue to be a strong support level on the downside. Also, 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 31.05.22 - 16584.55 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 1 Jun 2022NIFTY Intraday Trade Setup For 1 Jun 2022 Buy-Above 16700 Sl-16645 T-16800 16950 Sell-Below 16500 Sl-16560 T-16400 16300 NIFTY has formed an inside candle in daily TF, traded completely inside yesterday's trading session's high and low. Next move will come on this range breakout. Range is 16700 and 16500. We will trade on breakout either side. Initial target will be of 200 points. Tomorrow's trading setup is simple, long if 16700 is broken on the higher side. Confirmation will be if a 15 Min candle closes above 16700. Above its high we will long for the target of 16800, 16900 and 16950. If a 15 Min candle closes below range low i.e 16500 then we will short for the target of 16400 and 16300. Probability of breaking downside is more. But no bias, we will simply trade where market gives breakout. 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-16275 Intraday Resistance-17000 Hourly Support-16100 Hourly Resistance- 17200
NSE:NIFTY
by Omahto
Morning Mantra, 31st May 2022Good Morning! It seems like Nifty doesn’t like to cross over the levels, instead it often likes to jump to the destined levels. Which we did very well witness in the Yesterday’s Trading Session. As quite often the index had been facing a lot of Resistance at around 16400, it finally chose to take a jump to our predicted level of 16700 yesterday, as it made a high of around 16695. This week will however be a very crucial one for the upcoming time horizon. Where a favourable closing of above 16700 will be a good sign for the Bull Market. On the other hand, a closing of below 16400 can raise our eyebrows. In the Meanwhile, continue being stock specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 30.05.22 - 16661.40 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 31 May 2022NIFTY Intraday Trade Setup For 31 May 2022 Buy-Above 16700 Sl-16650 T-16800 16900 16950 Sell-Below 16600 Sl-16660 T-16500 16400 NIFTY broke 16400 and closed almost 1% up today. The breakout came from a big gap up btw. The hourly trendline is also broken via the gap up. Targets are opened for 17200 for the coming weeks. No aggressive selling till a negative price action is established in 15 Min. A downtrend will be established once daily candle closes below PDL(Previous day Low). Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 16700. Long above its high for the target of 16800, 16900 and 16950. For selling we need a 15 min candle close below 16600. Below the breakdown candle's low, short for the target of 16500 and 16400. In case of a big gap up, below the 1st 15 Min candle low we can plan for a short 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- 16400 Intraday Resistance- 16950 Hourly Support-16400 Hourly resistance-17200
NSE:NIFTY
by Omahto
Morning Mantra, 30th May 2022Good Morning! As we had stated in the last Morning Mantra update, similarly we did also see that bringing forth some good recovery on the last trading day, the Index had tried hard to reach the level of 16400. However, unfortunately it failed to do so. Again, as per the beautiful chart formation made by the index in the previous week, we can say that there are chances to witness a good recovery in the index. Where, if everything goes in favour, then very soon we can witness the levels of 16700, after a sustainable closing of above 16400. However, as the Result season is on, 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 27.05.22 - 16352.45 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 30 May 2022NIFTY Intraday Trade Setup For 30 May 2022 Buy-Above 16415 Sl-16350 T-16480 16580 16700 Sell-Below 16280 Sl-16330 T-16220 16100 NIFTY closed at day high on Friday. A good upside move above Hammer candle was seen on last trading session. Index is all set to break the 20 days range in the higher side. A hammer is formed in Daily TF. Above 16415 index is likely to head towards 17200 levels in the coming weeks. Coming to Monday's trades setup, If index opens flat and a 15 Min candle closes above 16370, long above its high for the target of 16480, 16580 and 17700. Safe traders should enter above 16415. Book Max near the hourly trendline plotted in pink. For selling if a 15 Min candle closes below 16285. Short below the candle's low for the target of 16220. Final target below 16200 will be 16100. 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- 16200 Intraday Resistance- 16400 Hourly Support- 15700 Hourly Resistance- 16800
NSE:NIFTY
by Omahto
#Nifty's expiry special route=map [26th may]Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study. This Analysis has Based on Harmonic Pattern, Fibo-retracement & Price action. Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively. If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis. HAVE A GOOD GREEN TRADE
NSE:NIFTY
by TradeInKey
Morning Mantra, 27th May 2022Good Morning! Just as we had stated about the expectation of a bounce back in our Morning Mantra updates yesterday. Similarly, in the last 3 trading hours of the day, we did see a recovery in the index of around 200 points from the day’s low. Well for today, as per the weekly and day chart setup we can still keep up our expectations for some further recovery in the Index. Wherein, on the upper side, the level of 16400 will remain to be the initial level of Resistance for the Market. So, 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 26.05.22 - 16170.15 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 27 May 2022NIFTY Intraday Trade Setup For 27 May 2022 Buy-Above 16205 Sl-16150 T-16260 16360 16400 Buy_2- From 16000 Sl-16950 T-16100 16200 16260 NIFTY has formed a hammer candle in daily TF and closed almost 1% up today. We planned to sell below 16000.It opened with a decent gap up. 10 o'clock range broke downside below 16020 and hit our 1st target 15900. After hitting 1st target it made double bottom in 5 Min TF and gave a V-shape recovery till 16200. Coming to tomorrow's trade setup, if index opens flat and crosses 16205, will buy for the target of 16260 and 16360. Above 16420 a fresh up-move is expected. In case index touches 16000 and a price reversal is spotted in small TF then long from here for the target of 16100,16200 and 16260. Selling will be planned below 16900 only. 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- 16350-16400 Hourly Support- 16750 Hourly Resistance- 16400
NSE:NIFTY
by Omahto
Morning Mantra, 26th May 2022Good Morning! In the yesterday’s trading session, we could see that most of the Stocks were somewhere or the other in their correction mode. Also, most of the sectors showed us a sharp decline. Altogether, we can see that Nifty is still confused as it is still trading in the range of 15900-16400. Moreover, it can be seen that on failing to cross over above 16400, the Market has dragged the overall sentiments of the investors as well. However, as per the current chart setup, we are expecting to witness a bounce back in the Index. Besides as it’s a Thursday, i.e., weekly settlement day, it will be suggested to remain cautious and 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 25.05.22 - 16025.80 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya