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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
NIFTY Intraday Trade Setup For 26 May 2022NIFTY Intraday Trade Setup For 26 May 2022 Buy-Above 16100 Sl-16160 T-16160 16260 16360 Sell-Below 16000 Sl-16050 T-15900 15850 15800 NIFTY continued the downtrend for the 3rd consecutive day. Last day we planned to sell below 17100 for the target of 16000. It opened with a gap up, the 10 o'clock range broke downside below 16120. In this continuation it broke 16100 and headed straight towards 16000. Coming to tomorrow's trade setup- index has closed at 16000, an important support. If index opens flat and slides below 16000. Short for the target of 15900 and 15850. Book max near 15800-50, PRZ placed in this region. For buying if a 5/15 candle closes above 16100 then above its high long for the target of 16160 and 16260. Book max near 16260-70. 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- 15845 Intraday Resistance- 16270 Hourly Support- 15700 Hourly resistance- 16400
NSE:NIFTY
by Omahto
Morning Mantra, 25th May 2022Good Morning! As had been witnessed yesterday, the Market was very volatile with a lot of fluctuations. However, the index somehow still continued trading in its predicted range of 15900-16400. So, as of now we are still with our words. As for the index to come out of its confused range, we need to witness either a fresh breakout of above 16400 or a breakthrough down the immediate support level of 15900. Till then, continue being stock specific and stay cautious. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 24.05.22 - 16125.15 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
#Nifty-25/05/2022-LevelsHello Traders, +++++++++++ #Nifty-25/05/2022-Levels ----------------------------------- If Market Opens as a- GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL) FLAT: Support of IMP (BUY) – Rejection of PDL (SELL) GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL) _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
NIFTY Intraday Trade Setup For 25 May 2022NIFTY Intraday Trade Setup For 25 May 2022 Buy-Above 16265 Sl-16210 T-16350 16400 Sell-Below 16100 Sl-16160 T-15970 15850 NIFTY has closed 0.5% down today. Last day we planned to sell below 16200. It gave a move till our 1st target 16100-20. After that index was sideways with dirty swings to manage premiums both in Options and in Futures. This is likely to happen till the range shifts in hourly TF. Upper range is 16400 and lower range is 15700. Coming to tomorrow's trade setup, we will once again sell on continuation. if a 15 min candle closes below 16100. then short for the target of 15970. After a bounce from this region, the next time it breaks the lows it will head towards 15850. For buying we need a candle close above 16260.Above its high long for the target of 16350 and 16400. Above 16400 a short covering move will come. 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- 15970 Intraday Resistance- 16350-16400 Hourly Support- 15700 Hourly Resistance- 16400
NSE:NIFTY
by Omahto
Morning Mantra, 24th May 2022Good Morning! On observing the Yesterday’s Trading Session, we did very well see that once again Nifty failed to sustain above the crucial level of 16400 and thereby showed us a sharp fall on the same day. Moreover, we can see that Nifty remains to be confused in between the stated levels of 15580-15850-16400. However, in the meanwhile we did also witness some stock specific movement in the Market throughout the day. So, as of now stay cautious and continue being stock specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 23.05.22 - 16214.70 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 24 May 2022NIFTY Intraday Trade Setup For 24 May 2022 Buy-Above 16415 Sl-16360 T- 16500 16600 16700 Sell-Below 16200 Sl-16260 T-16100 16000 NIFTY has formed a shooting star candle in daily TF, closed almost flat. Last day we planned to buy above 16280. As soon a 5 Min candle candle closed above our buy level it gave a move till our target 16400+. Then a sharp fall from 6400 was seen. It was a smooth day. Coming to tomorrow's trade setup, we will long above 16415. Aggressive trade can be done if a 15 min candle closes above 16400. This time it will be a short covering move and index will head towards 16500, 16600 and 16700. For selling if a 15 Min candle closes below 16200 then short for the target of 16100 and 16000. One can short from 16350 also. 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- 16400 Hourly Support- 15750 Hourly Resistance- 16400
NSE:NIFTY
by Omahto
2
Morning Mantra, 23rd May 2022Good Morning! Just as we had witnessed, the previous week was somehow highly volatile. Wherein, we had faced a gap up opening as well as a gap down opening. In the meanwhile, on the positive note Nifty is above 15900 but unfortunately was not able to cross above 16400. So, we can say that Nifty is still struggling hard between the figures of 15580, 15850 and 16400. If Nifty manages to cross above 16400, then we can soon see a positive rally in the Market. However, on the other hand, if there’s any news or any factor which might not be so favourable to the Market then the downside level of 15580 is still very much open. Moreover, in the meanwhile continue being stock specific and start accumulating following the cherry picking strategy. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 20.05.22 - 16266.15 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
#Nifty's route=map for 23rd May# Pattern is all about my view, it won't be confirmed until the C point get created. So just consider the Support & Resistance Levels primarily. 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 & 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
6
NIFTY Intraday Trade Setup For 23 May 2022NIFTY Intraday Trade Setup For 23 May 2022 Buy-Above 16285 Sl-16225 T-16400 16500 16600 Sell-Below 16180 Sl-16230 T-16100 16000 NIFTY closed at day high on Friday. The weekly candle is a bullish engulfing candle. Next downside move will be come below 15700. Till then no aggressive selling. The daily price structure is on a reversal situation. Above 16500 a bounce can be expected till 17200 in the coming weeks. Coming to Monday's trade setup, we will long above 16285 for the target of 16400, 16500 and 16600. 16500 is a crucial level, above this index is likely to touch 17200. For selling if a 15 min candle closes below 16200 then below that candle, short for the target of 16100 and 16000. Book max at 16000. 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- 16400 Hourly Support-15700 Hourly Resistance- 16800
NSE:NIFTY
by Omahto
2
Morning Mantra, 20th May 2022Good Morning! On witnessing a gap down opening and consequently a sharp fall in the entire stock specific zone, yesterday, we found that the Market is in a super volatility zone, as of now. Wherein we can observe a rally from approx 15700-16400 and then again from 16400-15700 approx. This somehow shows a huge volatility in the mindset of the Market Participants. Although, such kind of volatility is an indication of Market strength from medium to long term perspective. Moving ahead, we hope you remember about our 2 predicted levels of 15850 and 15580. So, it seems that Nifty is currently trying to create a platform in between these 2 crucial figures, i.e., somewhere around 15700. Hence, once again it has become very important to get a clear cut indication from Nifty, i.e., a breakout of above 15900 and then of above the next Resistance level of 16400. Until then, continue following the Cherry Picking strategy and be very stock specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 19.05.22 - 15809.40 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 20 May 2022NIFTY Intraday Trade Setup For 20 May 2022 Buy-Above 15900 Sl-15850 T-16000 16085 Sell- Below 15735 Sl-15785 T- 15650 15600 15500 NIFTY has closed at 15800. It opened with a big gap down. Tested hourly support- 15900 in the 1st 15 Min. gave a perfect bounce of more than 50 points from there. Then 10 o'clock range broke downside below 15900 and it gave a smooth downside trendy move till 15800. Coming to tomorrow's trade setup- if a 15 min candle closes above 15900 then long for the target of 16000. Do not go for big target in long side. If index opens flat and crosses 15735 then short for the target of 15650,15600 and 15500. One can do a aggressive short below 15775 also. 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- 15735-50 Intraday Resistance- 16000 Hourly Support-15735 Hourly Resistance-16400 Next support below 15700 will be 15500.
NSE:NIFTY
by Omahto
2
Morning Mantra, 19th May 2022Good Morning! Even after making a high of 16399.80, Nifty somehow failed to cross the predicted level of Resistance of 16400 by .20 points only. Due to which we could see a selling pressure in the Market. However, this selling pressure might continue till the level of 15850 on the downside. So it is very important to wait for a clear cut indication after the Market crosses 16400. Moreover, as of now, 15850-15900 will work as a support zone for the Market. Until then, keep following the cherry picking strategy and be stock specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 18.05.22 - 16240.30 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 19 May 2022NIFTY Intraday Trade Setup For 19 May 2022 Buy-Above 16400 Sl-16350 T-16500 16600 16700 Sell-Below 16200 Sl-16250 T-16080 15980 15900 NIFTY has closed almost flat on Wednesday. We planned to buy above 16285 for the target of 16400 and above. Gave 100 points and reversal from our PRZ at 16400. Both moves were clear. Coming to tomorrow's trade setup:- Index has closed at day low. So, We will sell below 16210 if a 15 min candle closes below. Target will be 16080, 16000 and 15900. Book max at 15900. Build a long position above 16400. This can trigger a short covering move and pull NIFTY till 16700. Book max at 16700. 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- 15900 Intraday Resistance-16400 Hourly Support- 15700 Hourly Resistance-16700
NSE:NIFTY
by Omahto
Morning Mantra, 18th May 2022Good Morning! What a beautiful day it was Yesterday! Where Nifty had finally managed to cross over its level of Resistance of 15900. Following which we did clearly witness the strength in Nifty as well as a beautiful stock specific momentum in the Market. Also, a very sharp recovery was witnessed in almost all the sectors. Moving ahead, as of now, we know that the level of 16400 on the upper side will play as a crucial level of Resistance for Nifty, and on the other hand a very short term support of 15850 on the downside. Hence, keeping this in mind, continue being stock specific and cherry picking strategy can be a good idea here. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 17.05.22 - 16259.30 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 18 May 2022NIFTY Intraday Trade Setup For 18 May 2022 Buy_1-Above 16285 Sl-16230 T-16400 16500 16200 Buy_2- From 16100 Sl-16040 T-16200 16300 16400 NIFTY has given a follow up after the reversal candle formed in daily TF yesterday. We planned to buy above 15905. It triggered our buy trade and it just sky rocketed. From 15905 it shot up till 16280 and closed at day high. Gave alert that above doji candle's high it can be a trend reversal. It was a fantastic day. Coming to tomorrow's trade setup, we will long above 16285 for the target of 16400, 16500 and 16600. In case index tests 16100 in the 1st 45 min and makes a bullish structure at near 16100 in smaller TF. then build a long for the target of 16200, 16300 and 16400. Selling can be planned below 15900 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- 16100 Intraday Resistance- 16500 Hourly Support- 15700 Hourly Resistance-16700
NSE:NIFTY
by Omahto