NIFTY Intraday Trade Setup For 20 May 2024NIFTY Intraday Trade Setup For 20 May 2024
Bullish-Above 22530
Invalid-Below 22480
T- 22737
Bearish-Below 22430
Invalid-Above 22480
T- 22230
NIFTY has closed on a bullish note with 2% gain last week. It has taken support from the lower trendline support in daily TF. Since last one month we have been discussing that the broad range is 22800 and 21700-800. Breakout of this range will trigger a fresh trend. Overall sentiment is sideways, this week caters a bullish sentiment inside the range. Monday's intraday range is 22530 and 22430. We will simply trade on this range breakout.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22530 then we will long for the target of 22737.
For selling we need a 15 Min candle close below 22430. T- 22230.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Niftyforecast
NIFTY Intraday Trade Setup For 17 May 2024NIFTY Intraday Trade Setup For 17 May 2024
Bullish-Above 22450
Invalid-Below 22400
T- 22675 N-ATH
Bearish- Below 22240
Invalid-Above 22290
T- 22050 21800
NIFTY has closed on a bold bullish note with 0.92% gain today. It was moving randomly but last leg move established and closed on a bold bullish note. Index has formed a long wick rejection candle like 13 May. So will simply trade the current trend and sentiment in power. Above today's high on a flat opening we will get get the best trade. Look like Index is all set for a fresh ATH. 22240 will act as a support zone but below this will short.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22675.
For selling we need a 15 Min candle close below 22240. T- 22050.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 16 May 2024NIFTY Intraday Trade Setup For 16 May 2024
Bullish-Above 22300
Invalid-Below 22250
T- 22478 22675
Bearish-Below 22150
Invalid-Above 22200
T- 21965 21800
NIFTY has closed on an absolute flat note today. Since last two days index was strongly bullish. And as per simple market phases, index turns sideways after a parabolic move so has happened today. Index traded in a tight range. 22300 and 22150 is the range for tomorrow, we will simply trade this range breakout. Best trade will be on opening inside this range. Both side momentum will be good so will have neutral view.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22300 then we will long for the target of 22478 and 22674.
For selling we need a 15 Min candle close below 22150. T- 21965 and 21800.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 15 May 2024NIFTY Intraday Trade Setup For 15 May 2024
Bullish-Above 22280
Invalid-Below 22230
T- 22500
Bearish-Below 22080
Invalid-Above 22130
T- 21800
NIFTY has closed on a bullish note with 0.51% gain today. Unlike BANKNIFTY it was trendy after 11 o'clock. Buy triggered as per trade setup above 22150 and gave a move till 22270, however target was not achieved. On a flat opening there can be another good trendy day above 22270. 22370 looks as an confluence zone in case of a gap up. Currently bulls have overpowered so will maintain a bullish view.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22280 then we will long for the target of 22500.
For selling we need a 15 Min candle close below 22080. T- 21800.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 14 May 2024NIFTY Intraday Trade Setup For 14 May 2024
Bullish-Above 22150
Invalid-Below 22100
T- 22430
Bearish-Below 21820
Invalid-Above 21870
T- 21600
NIFTY has closed on a positive note with 0.22% gain today. Index respected the lower trendline of the channel being followed in daily TF. Index has formed a Pinbar candle which indicates a potential reversal in the short term. Tomorrow above 22140 there can good upside move and 61.8% retracement will be initiated. Important resistance lies near 22425-50.Bears will take a grip below 21930.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22150 then we will long for the target of 22425-50.
For selling we need a 15 Min candle close below 21800. T- 21600.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 13 May 2024NIFTY Intraday Trade Setup For 13 May 2024
Bullish-Above 22150
Invalid-Below 22100
T- 22235
Bearish-Below 21930
Invalid-Above 21980
T- 21680
NIFTY has closed on a bearish note last week with 1.87% cut last. Last week we discussed that there is a possibility of short term downside move below 2nd leg Shooting Star's low- 22340. Index triggered the short trade and gave one way move till 21950 without a major pullback. Also index has taken a halt at lower trendline in daily TF. Once again let me discuss the major weekly levels which are 22800 and 21700.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22150 then we will long for the target of 22350.
For selling we need a 15 Min candle close below 21930. T- 21680.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 9 May 2024NIFTY Intraday Trade Setup For 9 May 2024
Bullish-Above 22370
Invalid-Below 22320
T- 22605
Bearish-Below 22170
Invalid-Above 22220
T- 22000
NIFTY has closed on an absolute flat note today. Yesterday we discussed that index has reached 50 EMA and there is a chance of respect. Tomorrow after a flat opening if index sustains today's high then there can be 0.618 % pullback of the recent fall from 22800. Important resistance will be 22610 which will be our long target too. Below 22170 we will short and expectation will be to ride the short trade as per the recent trend.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22370 then we will long for the target of 22605.
For selling we need a 15 Min candle close below 22170. T- 22000.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 8 May 2024NIFTY Intraday Trade Setup For 8 May 2024
Buy-Above 22350
Invalid-Below 22300
T- 22590
Bearish-Below 22230
Invalid-Above 22280
T- 22000 21800
NIFTY has closed on a bearish note with 0.62% cut today. Sell triggered below 22350 and gave a good move till 22335. Index held 50 EMA in daily TF. In case 50 EMA is respected then 22350 will be a bullish reversal level. Also possibility opens of 0.618% pullback above 22350. 22600 will be an intraday resistance for tomorrow's session. On a flat opening below 22230 index will test psychological level- 22k.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22350 then we will long for the target of 22600.
For selling we need a 15 Min candle close below 22230. T- 22000.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 6 May 2024NIFTY Intraday Trade Setup For 6 May 2024
Sell_1- From 22650
Invalid-Above 22700
T- 22500
Sell_2- Below 22340
Invalid-Above 22390
T- 22110 21886
NIFTY has closed on a bearish note last week as Friday it ended on a bearish note and closed the week near lows. Last week we discussed that index broad range is 22800 and 21700 and still this weekly range is intact. BTW index has formed a shooting star in weekly TF so below 22340 index may slip. Index will give a 90 degree upmove above 22800 if sustained in daily TF. There is a fair chance of gap up on Monday in that case 22650 will act as resistance.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 22340 then we will short. T- 22110 and 21885.
In case of a gap up we will short from 22650. T- 22500.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 3 May 2024NIFTY Intraday Trade Setup For 3 May 2024
Bullish-Above 22800
Invalid-Below 22750
T- 23050
Bearish-Below 22550
Invalid-Above 22600
T- 22333
NIFTY has closed with a slight gain of 0.19% gain today. On Tuesday EOD we discussed that index may give a bounce of the fall towards 22700 zone if Tuesday's low will be safe. Index followed the same and 22700 zone acted as intraday resistance. Index traded between previous day's range and formed an inside candle in daily TF. Tomorrow once again index looks sideways if it does not dive below 22560. So will will stick to broader range of 22800 and 22550 to trade.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22800 then we will long for the target of 23050.
For selling we need a 15 Min candle close below 22550. T- 23333.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 1 May 2024NIFTY Intraday Trade Setup For 1 May 2024
Bullish-Above 22790
Invalid-Below 22740
T- 23050
Bearish-Below 22550
Invalid-Above 22600
T- 22333
NIFTY has closed on a slight bearish note with 0.17% cut today. It has formed a shooting star exactly at ATH which seems to be an alert for bulls. Index will rally very strongly above 22800 as sellers shorted today will exit and fresh buyers like us will enter, double force move. But below today's low bears will take charge. If today's low will be safe then it may give bounce towards 22715.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22790 then we will long for the target of 23050.
For selling we need a 15 Min candle close below 22550. T- 22333.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 30 Apr 2024NIFTY Intraday Trade Setup For 30 Apr 2024
Bullish-Above 22660
Invalid-Below 22610
T- 22875
Bearish-Below 22500
Invalid-Above 22550
T- 22333
NIFTY has closed on a bullish note today, clocked exactly 1%. Tomorrow once again we can expect bullish move if today's high is sustained. In the weekend we discussed hourly levels as 22650 and 22300. It has tested the upper level so above 22660 we will maintain a bullish view for a fresh ATH. High probability trade will be in buy side on flat opening or slightly below 22640. 25500 will be a confluence zone just like today.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22660 then we will long for the target of 22875.
For selling we need a 15 Min candle close below 22500. T- 22333.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 29 Apr 2024NIFTY Intraday Trade Setup For 29 Apr 2024
Bullish-Above 22630
Invalid-Below 22580
T- 22810
Bearish-Below 22380
Invalid-Above 22430
T- 22145
NIFTY has closed with a gain of 1.23% last week. Index is still trading sideways in the parallel channel.
Till the time index trades between this parallel channel direction trades in short term is risky. 21700 and 22800 is the range for a short term trigger. Breakout of this range will establish a trend in short term as these are weekly levels. 22300 is the last hourly swing low, breakdown may trigger a good fall.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22810-50.
For selling we need a 15 Min candle close below 22380. T- 22145.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 26 Apr 2024NIFTY Intraday Trade Setup For 26 Apr 2024
Bullish-Above 22630
Invalid-Below 22580
T- 22810
Bearish-Below 22450
Invalid-Above 22500
T- 22295
NIFTY has closed on a bold bullish note today with 0.75% gain. It is a bold candle as it gaped down 85 points and then recovered till 22625. Tomorrow is likely to be bullish day. Broadly we are still trading between this rising parallel channel in daily TF. 22465 will act as a support and one can have a bullish plan from this level. Best trade will be opening below 22625 and then breakout of 22630.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22810-50.
For selling we need a 15 Min candle close below 22450. T- 22295.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 24 Apr 2024NIFTY Intraday Trade Setup For 24 Apr 2024
Bullish-Above 22450
Invalid-Below 22400
T- 22665
Bearish-Below 22340
Invalid-Above 22390
T- 22140
NIFTY has closed on a flat note today. Index opened with a 100 points gap up and then index turned sideways. 10 o'clock range was to be used as per trade setup but index did not break and traded within a tight range of less than 100 points. VIX crashed drastically and by this index once again is not good for intraday traders. VIX above 15-16 will bring intraday tradable environment. Index looks week below 22340 and this looks probable tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22665.
For selling we need a 15 Min candle close below 22340. T- 22140.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 23 Apr 2024NIFTY Intraday Trade Setup For 23 Apr 2024
Bullish-Above 22390
Invalid-Below 22340
T- 22665
Bearish-Below 22190
Invalid-Above 22240
T- 22000
NIFTY has closed on a bullish note with 0.86% gain today. It opened with a big gap up and traded between 10 o'clock range for the whole day. However buy levels was respected as support irrespective of the gap up opening. Tomorrow on a flat opening if index breaks today's high then it will directly test 22665 zone. Bears will try to take charge below 22250 but for safer side plan short below 22190.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22390 then we will long for the target of 22665.
For selling we need a 15 Min candle close below 22190. T- 22000.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 22 Apr 2024NIFTY Intraday Trade Setup For 22 Apr 2024
Bullish-Above 22190
Invalid-Below 22140
T- 22405
Bearish-Below 22000
Invalid-Above 22050
T- 21800
NIFTY has closed with a cut of 1.65% last week. Last week we had a bearish view as per the 2nd leg shooting star in weekly TF. Trigger of the bearish move was 22500. Index has respected 50 EMA in daily TF. Now Below 21770 next bearish move will be triggered which will be a breakdown of rising channel in daily TF. However 21700 is a major weekly support below which index will be bearish in medium term. In case of a gap up possibility of sell off will be high.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22190 then we will long for the target of 22405.
For selling we need a 15 Min candle close below 22000. T- 21800.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 19 Apr 2024NIFTY Intraday Trade Setup For 19 Apr 2024
Sell_1- From 22250
Invalid-Above 22300
T- 22080
Sell_2- Below 21950
Invalid-Above 22000
T- 21750 21585
NIFTY has closed on a bearish note with 0.69% cut today. Last weekend analysis is going well as we discussed that index will be under bear's grip below 22500 as per the effective 2nd leg shooting star candle in weekly TF. It was said @21520 that there is a high possibility of NIFTY making a short term top. Since then it has been sell on rise market and same approach should be kept till index makes a bullish reversal structure in daily TF.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 21950 then we will long for the target of 21750 and 21585.
In case of gap up we will short from 22250. T- 22080.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Nifty50: Unexpected Moves ahead ??Diametric pattern – Understanding Nifty medium term pattern by applying the concept of Advanced Elliott wave – Neo wave theory to forecast the next trend.
As shown on daily chart, prices are forming a Diametric pattern. This pattern is recognised in Neo wave as a 7 legged correction labelled as a-b-c-c-d-e-f-g and can take a form of either Bow Tie structure or a Diamond shaped structure.
In the above chart we can see a bow tie shaped Diametric pattern.
Each legs are corrective and we are currently in wave f. As of now it is too early to conclude that the entire wave e is over and a major top is formed but it definitely indicates that until the recent high is crossed its time to be cautious.
Trust me there will be many trades where you will gain and lose little but only a few big trades will make up for all the hard work and efforts that are put in.
So what is the next big trend and how to capitalize on the ongoing move?
If Recent highs near 22800 remains intact and we break 22300 (White lines) decisively then a major fall of 1000-1500 points cannot be ruled out.
Best part is fall can be temporary in nature as bears attack swift, do the job in few days and then sleep.
Once wave f low is placed where many will panic, wave g can take nifty towards sub 24k levels.
But if we fail to break 22300 decisively and break 22800 on upside this anticipated fall may get delayed futher and may come in later half of the year.
NIFTY Intraday Trade Setup For 16 Apr 2024NIFTY Intraday Trade Setup For 16 Apr 2024
Bullish-Above 22430
Invalid-Below 22380
T- 22660
Bearish-Below 22250
Invalid- Above 22300
T- 22050
NIFTY has closed on a complete bearish note with 1.1% cut today. In the weekend we discussed that index has formed a short term top as it formed a 2nd leg shooting star in weekly TF. Only thing is that it opened directly below sell level- 22500 so fresh positions could not be opened as per the discussed entry and RR. So one need to wait incase it retest 22600 to 22550 zone for the swing short entry. Tomorrow best trade will be in short side on a flat opening.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22430 then we will long for the target of 22660.
For selling we need a 15 Min candle close below 22250. T- 22050 and 21825.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 15 Apr 2024NIFTY Intraday Trade Setup For 15 Apr 2024
Sell_1- From 22660
Invalid-Above 22710
T- 22500
Bearish-Below 22500
Invalid-Above 22550
T- 22300
NIFTY has closed with a bearish sentiment last week. It has formed a shooting star candle in weekly TF that too in the 2nd leg which I personally consider. There is a strong possibility of NIFTY topping out atleast for short term if it trades firmly below 22500 with ATH as risk. If there is gap up opening then we will plan a short trade from 22660 or else flat opening short below 22500 will be ideal trade.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle below 22500 then we will short for the target of 22300 and then trail in 5 Min TF.
On case of a gap up we will short from 22660. T- 22500.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 9 Apr 2024NIFTY Intraday Trade Setup For 9 Apr 2024
Bullish-Above 22710
Invalid- Below 22660
T- 22865
Bearish-Below 22600
Invalid-Above 22650
T- 22420
NIFTY has closed on a bullish note with 0.68% gain today. Index has picked the trend above our planned bullish level- 22620 discussed in the weekend analysis. Buy triggered above 22620 and gave a small move till 22697. Intraday momentum has really dropped and this is a historical reason as momentum dies in bull market, FUT and option selling suited market. Tomorrow 22710 will be an important resistance, a shooting star in 5 Min TF will be good to short. Below 22600 we will short.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22710 then we will long for the target of 22865.
For selling we need a 15 Min candle close below 22600. T- 22420.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NIFTY Intraday Trade Setup For 8 Apr 2024NIFTY Intraday Trade Setup For 8 Apr 2024
Bullish-Above 22620
Invalid-Below 22570
T- 22830
Bearish-below 22300
Invalid-Above 22350
T- 22090
NIFTY has closed on a neutral note with slight gain of 1.2% gain. However it has closed above 22500 after 6 attempts. The weekly candle is a neutral and indecisive candle, a spinning top. Above its high-22620 we will plan bullish view and below its low-22300 we will plan a bearish view. Probability of upmove seems high but will follow market to trigger. Index has created inside candle on Friday which indicates a potential compression in markets so between 22620 and 22300 we will avoid directional trade.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22620 then we will long for the target of 22830 and 23030.
For selling we need a 15 Min candle close below 22300. T- 22090.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.