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Niftyforecast

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
Morning Mantra, 17th May 2022Good Morning! As we can see since the last 3 Trading Days, Nifty is trying its best to cross above the level of 15900, but is unfortunately failing to do so. Which somehow raises a concern. As not being able to cross over 15900, might very soon open the gateway to the level of 15580. Moreover, once the Index manages to cross over 15900, then the next Resistance level will be of around 16400 in the nearest term. Currently, the choppy trade of the yesterday’s trading session, is somehow suggesting us to be very cautious once again, because Nifty is trading in a very narrow zone. Where, it has become very important to witness a closing of above 15900 for at least the upcoming 2-3 consecutive days. Until then, be quite cautious and be stock specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 16.05.22 - 15842.30 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 17 May 2022NIFTY Intraday Trade Setup For 17 May 2022 Buy-Above 15905 Sl-15850 T- 16000 16080 16175 Sell-Below 15735 Sl-15790 T-15600 15500 NIFTY has formed a doji candle in daily TF. Its can be a trend pause/reversal above doji's high and continuation below doji's low. Important levels to watch tomorrow :- 15730 (S) 16000 (R) If a 15 Min candle is closed below 15735 then short for the target of 15600 and 15500. Book profits near 15500 as it is a support level. For buying if a 15 Min candle closes above 15905 then above that candle long for the target of 16000, 16080 and 16180. 17180-16200 can act as a supply zone. 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- 16200 Hourly Support- 15500 Hourly Resistance- 16400
NSE:NIFTY
by Omahto
8
Morning Mantra, 16th May 2022Good Morning! On the last Friday, we had observed an exceptional day of huge volatility. Where we had witnessed a beautiful short covering within the 1st 4-5 hours of the Trading session and thereafter some profit booking from the Traders. Well in accordance to the previous Morning Mantra updates, we know that a stable closing of above 15900 is very important for the Target of 16400, as of now. However, since the index failed to cross over the stated level of Resistance on the last trading day, we are once again pushed back to our state of dilemma, where we must have to wait for a clear cut direction of either side Movement from the Market. Until then, it will be best to stay cautious and to continue being stock specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 13.05.22 - 15782.15 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 16 May 2022NIFTY Intraday Trade Setup For 16 May 2022 Buy-Above 16090 Sl-16030 T-16200 16300 Sell-Below 15730 Sl-15790 T-15650 15500 NIFTY has closed almost flat on Friday. Last day down move ended at day low. 17730-17700 is now an important support, breakdown will be the trigger to trade continuation in the down side. Still approach is sell on rise, no major changes. Coming to Monday's trade setup, if index opens flat and crosses 15730 then short for the target of 15500 and 15350. If a 15 Min candle closes above 16085 then above that candle, we will long for the target of 15200 and 15300. Major trend is in downside so riding the up-move should be strictly trailed. Risky trader can sell from 16000 once for the target of 15900 and 15850. 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. Hourly Support- 15350 Hourly Resistance- 16400 Intraday Support- 15490 Intraday Resistance- 16000
NSE:NIFTY
by Omahto
Morning Mantra, 13th May 2022Good Morning! Finally the D Day has arrived. Where taking a sharp move, Nifty has touched the level of 15850 from 18100 that too within just 6 weeks of time. As of now, we could see how for almost the entire day, Nifty had struggled a lot to cross above the level of 15900, yesterday. Which however creates a concern. But the concern should be of a very narrow range of 15850-15580. Besides we hope that you do remember, how we have always been stating the crucial figure of not just 15850 but also 15580. 15850-15580 are the crucial levels where Nifty can consolidate and prepare a platform. So, with fingers crossed we expect to see some positive movements in Nifty. Moreover, since today is the last trading day of the week, we will have to wait and watch whether Nifty manages to cross over and give a stable closing of above 15900 or does it choose to touch the level of 15580 on the downside. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 12.05.22 - 15808 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
2
NIFTY Intraday Trade Setup For 13 May 2022NIFTY Intraday Trade Setup For 13 May 2022 Buy-Above 16930 Sl-16870 T-16050 16150 Sell-Below 15735 Sl-15790 T-15600 15500 NIFTY closed with in deep red today. A complete bearish candle is formed in daily TF. The weekly low of 15670 is going to break soon. It opened with a big gap down and closed below 16000 in the 1st 5 Min. As usual below 15 Min candle low and below 10o'clock range it headed downwards till 15740. Coming to tomorrow's trade setup, we will sell below 15735. Targets will be 15600 and 15500. 15670 is the weekly low. Buying will be done only above 15930. If a 15 min candle closes above 15925 then above its high, we are gonna long for the target of 16025-16050. 2nd target 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. Hourly Support- 15500 Hourly Resistance- 16400 Intraday Support- 15500 Intraday Resistance- 16200
NSE:NIFTY
by Omahto
2