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NIFTY Intraday Trade Setup For 12 May 2022NIFTY Intraday Trade Setup For 12 May 2022 Buy-Above 16225 Sl-16070 T-16300 16400 16500 Sell-Below 16030 Sl-16090 T-16060 16000 NIFTY has formed a hammer candle in daily TF. It hit all our target in sell side. 16000 gave a good support. Above hammer candle's high- 16320 a short covering is possible. This move can be extended till 16700. BANKNIFTY is more than NIFTY as HDFC Twins stabilizes. Coming to tomorrow's trade setup, we are gonna long above 16225 on a 15 Min candle closes above this. Targets will be 16300, 16400 and 16500. This move will get stronger above 16410. For selling, aggressive sell position can be opened below 16130. If a 15 Min candle closes below 16150, below its low we short for the target of 16060 and 16000. Safe traders should short once 16000 is broken with a 15 min candle close. 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 Resistance - 16800 Hourly Support- 16000 Intraday Resistance- 16500 Intraday Support- 16000 Hourly View, invalid below 16000.
NSE:NIFTY
by Omahto
Morning Mantra, 11th May 2022Good Morning! Just as we had stated yesterday, about the chances of the Index taking a bounce back, similarly we did witness the same for almost the entire day, except for the last 40 minutes of the Yesterday’s Trading session. Certainly it was during the last 30-40 minutes of the Trading session, that the Index took a sharp fall from the day’s high of around 16404. Thereby, coming back to the Red Zone. Therefore, again it’s a very crucial time for us, where once again, there’s a need to wait and watch for the either side of a stable movement from the Index, i.e., of above its Resistance level of 16400 on the upper side or down through the support level of 15850. Until then stay cautious and 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 10.05.22 - 16240.05 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 11 May 2022NIFTY Intraday Trade Setup For 11 May 2022 Buy-Above 16410 Sl-16350 T- 16480 16600 Sell-Below 16140 Sl-16200 T-16070 16000 NIFTY has formed an inverted hammer in daily TF. After hitting daily PRZ, lower low has stopped. A base is being formed in this zone. Now 16400 is the key level for a reversal. Coming to tomorrow's trade setup, we need a 15 min candle close above 16400 to initiate a buy position. Above the breakout candle's high, we will long for the target of 16480, 16550 and 16600. For selling we need a 15 Min candle close below 16150.Below this candle low, we will build a short position. Target will be 16070 and 16000. 15980-16000 can act as support 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-16150 Intraday Resistance-16500 Hourly Support- 15980-16000 Hourly Resistance- 16700
NSE:NIFTY
by Omahto
Morning Mantra, 10th May 2022Good Morning! Yesterday, we had witnessed a gap down opening in the Index and thereafter an index wise recovery was also observed. However, such a recovery was missing in the case of most of the stocks. Hence, once again, we are in the mood for a stock specific selection even Today. As of now, with the support zone of 15850-15580 on the downside, and a Resistance at around 16700 on the upper side, we are expecting to witness a bounce back rally in Nifty. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 09.05.22 - 16301.85 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 10 May 2022NIFTY Intraday Trade Setup For 10 May 2022 Buy-Above 16405 Sl-16345 T-16500 16600 Sell-Below 16140 Sl-16200 T-16070 16000 NIFTY hit our swing target of 16150, sold from 16800. A perfect bounce came from the PRZ and index gave 250 points move from PRZ. Also the 10 o'clock range broke upside above 16270. It was a good day. Now for a perfect reversal we need to wait for a double bottom in 15 min TF to plan for a swing reversal trade. Coming to tomorrow's trade setup, if a candle closes above 16405 then above that candle high we will long for the target of 16500, 16600 and 16700. 16500 and 16700 both are resistance area. For selling if index opens flat and a 15 Min candle closes below 16150, below that candle low, we will sell for the target of 16000. It is a psychological level. 16980-16000 can act as a support zone, a bounce can be expected from 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-16140 Intraday Resistance- 16400 Hourly Support- 15980 Hourly Resistance- 16700
NSE:NIFTY
by Omahto
4
Morning Mantra, 9th May 2022Good Morning! As per the Current Market Scenario, our support zone of 15580-15850 has been activated once again. However, a positive sentiment will be active only after witnessing a stable closing of above 16800. Moreover, on the basis of the hourly chart setup of the index, we are expecting to witness a formation of an island gap. Since the Market is highly affected by some major systematic risk, these days. It will be advisable to be stock specific during this Result season. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 06.05.22 - 16411.25 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 9 May 2022NIFTY Intraday Trade Setup For 9 May 2022 Buy-Above 16485 Sl-14440 T-16570 16700 Sell-Below 16340 Sl-16390 T-16240 16150 NIFTY has formed a doji candle in daily TF. It is a trend pause candle. Above candle's high a pullback of the down move can be seen. Below candle low, downtrend will continue. Last week we planned to sell below 16800. Our target was 16150. It has given 450 points profit. Coming to Monday's trade setup, we will sell below 16340 for the target of 16240 and 16150. 16125-16150 can act as a support. For buying we need a 15 Min candle close above 16480. Above that candle high we will long for the target of 16570 and 16700. 16700 can act as a resistance. Intraday Support- 16340 Intraday Resistance- 16485 Hourly Support- 16150 Hourly Resistance- 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.
NSE:NIFTY
by Omahto
4
Morning Mantra, 6th May 2022Good Morning, Just as we had stated yesterday, similarly we did observe how volatile the Market was, during the Yesterday’s Trading Session. As the index initially made a high of around 16945 and then a low of around 16651, during the day itself. Thereby, once again giving us a closing of below the crucial support level of 16800, i.e., of around 16682 Moving ahead, as we had already stated yesterday, we will be patiently waiting for this week’s closing. Where, if Nifty gives a closing of above 16800, then we will be in a comfortable position. Else we will have to mentally prepare ourselves for the levels of 15850-15580. So, it will be better to patiently wait for today’s closing. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 05.05.22 - 16682.65 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 6 May 2022NIFTY Intraday Trade Setup For 6 May 2022 Buy-None Sell-Below 16600 Sl-16660 T-16500 16425 NIFTY has formed an inside candle in daily TF. It can be a trend continuation setup in the downside. Activation is always above and below mother candle high and low. Higher chances to break downside tomorrow. Best scenario will be on flat opening. Coming to tomorrow's trade setup, we will plan for a sell trade below 16620 if a 15 Min candle closes below. Below that candle low we will sell for the target of 16500 and 16425. Book max here. In case we open with a big gap down and it forms a bullish reversal candle in the 1st 15 Min. Above that candle high we will plan to buy for a small target. Then a sell trade can be planned from 16625-16650. Target will be 16500 and 16425. On a gap up opening, ignore trading tomorrow.16825-16850 can act as an resistance. No buying as of now till a bullish price action is established in 15 Min chart. Important support- 16425-16450 resistance- 16825-16850 Inside candle-
NSE:NIFTY
by Omahto
Morning Mantra, 5th May 2022Good Morning, Finally, Nifty violated the stated level of support of 16800 yesterday. Where in a way, we can say that the RBI had a significant role to play for such a Breakdown. As unexpectedly instead of their usual June Policy they happened to intervene in the Month of May itself, with some unplanned hikes in the interest rates. Consequently, now we have either of the 2 options to go with. One of them, is to do nothing with your portfolio as of now and to wait for this week’s closing. On the other hand, the other option can be to mentally prepare yourself for the levels of 15850-15580. However, as per our best experience, we are quite hopeful for the 1st option, as in such a situation of Indian Economy, where we are facing some crucial and unclear scenarios, like the release of a Branded IPO, an Unplanned intervention by RBI, Hikes in the Interest Rates, etc. it will somehow be better to wait for the Market’s clear cut indication, as of now. Hence, as we Value our Precious Members and their Capital, it will be suggested to keep patience for the upcoming 2-3 Days. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 04.05.22 - 16677.60 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 5 May 2022NIFTY Intraday Trade Setup For 5 May 2022 Buy-Above 16730 Sl-16680 T-16800 16830 Sell-Below 16620 Sl-16670 T-16500 16450 NIFTY has closed below an important level i.e 16800.The weekly range has been shifted. Approach from here will be sell on rise. Targets are opened till 16100. Last line of defence is 16580-16600. Below this the downtrend will be confirmed. If it opens flat and crosses below 16620 then short for the target of 16500 and 16450. On a flat opening if a 15 Min candle closes above 16730 then long for the target of 16800.Then a short trade can planned from 16800-16825. In case we open gap down and the 1st 15 Min candle is a bullish reversal candle. Then long above its high, target will be 16700. Gap up opening will lead to a rangebound session.
NSE:NIFTY
by Omahto
Morning Mantra, 4th May 2022Good Morning, Currently, the Indian Market seems to be waiting for a big IPO. Meanwhile, on the last trading day, we had observed a gap down opening in the Index, and thereafter also a good recovery had been observed on the same day, itself. As of now, we are still quite optimistic and can say that with the stop loss of 16800, the index seems to be moving forward to 17300. Besides, after a significant closing of above 17300, Nifty can face a resistance at the level of around 17650. So 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 02.05.22 - 17069.10 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup 4 May 2022NIFTY Intraday Trade Setup 4 May 2022 Buy-Above 17100 Sl-17040 T-17200 17300 Sell-Below 16900 Sl-16950 T-16850 16800 NIFTY closed almost flat on Monday. It filled the gap created on the same day itself. NIFTY is trading in a zone of 16800 and 17450. So it has given a bounce from lower levels. So we can expect a further upside move above Monday's high i.e 17095. If a 15 Min candle closes above this then we will long for the target of 17200. 2nd target will be 17300. For selling we need to wait till 16900 is broken in the downside. Aggressive traders can plan for a short trade below 17000 if 15 Min candle closes below. Target in that case will be 16900 and 16850. 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.
NSE:NIFTY
by Omahto
Morning Mantra, 2nd May 2022Good Morning! As we had stated in the last trading session, similarly we did witness how beautifully the index managed to cross over and trade above its crucial level of Resistance of 17300 for almost the entire day. However, unfortunately, facing the selling pressure in the last 40-45 minutes, resulted in a closing of around 17102.55 Therefore, we can observe the level of difficulty that is being faced by the index to come out of its consolidation phase of 17000-17300. However, being positive on the index, we are still with our words, that with the immediate support at 16800, 17300 remains to be the crucial level of Resistance for Nifty to cross. Until then, continue being stock specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 29.04.22 - 17102.55 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Weekly Outlook With Intraday Trade Setup for 2 May 2022NIFTY Intraday Trade Setup For 2 May 2022 Sell_1- Below 17050 Sl-17120 T-16950 16850 Sell_2- From 17300 Sl-17350 T-17200 17100 NIFTY has formed a bearish engulfing candle in daily TF. Nifty is trading between 50 EMA and 200 EMA in daily TF. Between 17450 and 16800. This range shift will give direction move either side. Above 17450 target will be 18000 and below 16800 target will be 16150. 0.618 level is placed at 16600 level in daily TF. Coming to Monday's trade setup, we will find selling opportunity first. If index opens flat and breaks 17050 then short for the target of 16950 and 16850. Second sell position can be opened from 17300. Sl will be small from here. Targets will be 17200 and 17100. Long to be considered only above 17450. In case we open with a big gap down, if the 1st 15 Min candle is bullish reversal candle then above that candle high plan for long with sl below the low of the candle. A gap up opening can lead to rangebound market. Weekly Outlook - It has made an inside candle in weekly TF. This range breakout will give initial 600 points move either side. Important level i.e 0.618 is placed at 16600. A bounce can be expected from this region. After bounce if the last swing low will be broken then 16150 will be tested. Above 17450 it will test 18000 and above. A daily candle close is needed above this.
NSE:NIFTY
by Omahto
2
Morning Mantra, 29th April 2022Good Morning, Yesterday we observed a very volatile momentum in the Market, where we could also see a positive attempt taken by Nifty to cross over the level of 17300. However, unfortunately, despite the attempt it somehow failed to sustain above the level of 17300. Well for today, we are expecting to witness a sharp rise in the Market, which will somehow once again activate the level of 17650 on the upper side as a strong resistance level. As per the current chart pattern, we are positively hoping that the level of support might now shift from 16800 to 17300. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 28.04.22 - 17245.05 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 29 Apr 2022NIFTY Intraday Trade Setup For 29 Apr 2022 Buy-Above 17330 Sl-17280 T-17400 17500+ Sell-Below 17200 Sl-17250 T-17150 17100 NIFTY went as per our plan. We planned to buy above 17100, above hammer candle high. It gave a smooth trendy move till 17300. All our targets were hit. Once again it has made a bullish candle in daily TF. Above its high can give a upside momentum. Coming to tomorrow's trade setup, buy above 17325 if a 15 Min candle closes above this. Target will be 17400 and 17500. No aggressive selling as of now. Below 17200 we can plan for a short trade for 100 points. If we get a pullback before breakdown then it will be an ideal 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.
NSE:NIFTY
by Omahto