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Niftyforecast

Morning Mantra, 28th April 2022Good Morning, On witnessing a gap down opening in Nifty, yesterday, we did also observe how thereafter the Market continued to trade in its consolidation zone, with a very little momentum. Also, once again it failed to either cross above the level of 17300 or break down the support level of 16800. Moreover, since today is a Monthly Expiry, it is being expected that the Market will continue to trade in its super consolidation zone. Therefore, instead of being too aggressive in the Market it will be suggested to consider today as a NO TRADE DAY. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 27.04.22 - 17038.40 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 28 Apr 2022NIFTY Intraday Trade Setup For 28 Apr 2022 Buy-Above 17110 Sl- 17050 T-17200 17250 17300 Sell-Below 17000 Sl-17050 T-16950 16900 16825 NIFTY has closed 1% down. Formation is of a hammer. Activation is above 17120. Since last many days it is all about gap ups and downs. Intraday data is more important than pre market in this situation. Coming to the expiry trade setup, we will long above 17120 if we get 15 Min candle close above that. Target will be 17200. Above 17225 target will be extended till 17300+. For selling we can plan below 17000. This is a bit aggressive. Below 16950 it will be a momentum fall till 16825. Below 16800 will be a breakdown and panic selling will be triggered. 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, 27th April 2022Good Morning, As we observed in the yesterday’s trading session, that even after a good start, Nifty was unable to give a closing of above 17300. Hence, once again the entire day, Nifty had traded in its consolidation phase of 17000-17300. However, just as we had stated in our Morning Mantra update yesterday, we could clearly observe the stock specific momentum in the Market. We are still with our words, that as per the current Market scenario we will have to wait for the index to take an either side direction of below 16800 or above 17300. Until then, with the strong support level of 16800, continue being stock specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 26.04.22 - 17200.80 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 27 Apr 2022NIFTY Intraday Trade Setup For 27 Apr 2022 Buy-Above 17230 Sl-17180 T-17300 17350 17400+ Sell-Below 17060 Sl-17110 T-17000 17900 NIFTY has closed in a positive note today. Made a double top after opening gap up. Neckline broke and it tested our buy level. It just took a U turn from our buy level and closed at day high. If index opens flat and crosses today's high we will long for the target of 17300 and 127400. Ideal trade will be in flat opening. For selling today's low has to be closed and sustained. Sell below 17060 if a 15 Min candle closes below this. Target will be 1700 and 16900. 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, 26th April 2022Good Morning, After a gap down closing and lots of Doji formations on the chart, we can say that Nifty is somehow still trading in its consolidation phase. Which in turn, is creating a sense of cautiousness in the Market. In fact, as per the current scenario, it will be better to avoid being too aggressive and to instead wait for the index to take a direction on the either side of below 16800 or above 17300. However, we are still with our words that with 16800 as the support level, we are quite bullish on Nifty in the very short term. Until then stay stock specific and go for the idea of cherry picking strategy with some cautiousness before making any fresh position. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 25.04.22 - 16,953.95 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 26 Apr 2022NIFTY Intraday Trade Setup For 26 Apr 2022 Buy-Above 17010 Sl-16760 T-17060 17150 Sell-Below 16880 Sl-16930 T-16830 16750 16700 NIFTY has formed a tiny spinning top candle. Calm before a storm. It was volatile session. It opened 1% down and tested our PRZ 16950 and gave a dead cat bounce till 17050. Then it was a volatile session in the second half. Coming to tomorrow's trade setup, there is a trendline being followed in 15 Min TF, plotted in pink. If it is broke and 15 Min candle closes above 17000. Above that candle long for the target of 17060 , 17100 and 17150. Short below 16880 if a 15 min candle closes below that. Target will be 16830. Below 16800 panic selling will be triggered and index will head towards 16700 and 16600. 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
NIFTY Intraday Trade Setup For 25 Apr 2022NIFTY Intraday Trade Setup For 25 Apr 2022 Buy-Above 17200 Sl-17150 T-17260 17300 17400 Sell-Below 17140 Sl-17200 T-17060 17000 16950 NIFTY has once again formed a doji candle in weekly TF. Once again the high and low of the candle will be the trigger for next directional move. Above 17415 it will trigger for a bullish move till 17800 and 18000. Below 16800 will be the trigger for next downside move till 16500 and 16150. Its a neutral candle, can break any side. Coming to Monday's trade setup, we will long above 17200 if a 15 Min candle closes above that. Target will be 17260 and 17300. Above 17320 it will head towards 17400. For selling if a candle closes below 17150 then short then short for the target of 17060, 17000 and 17950. This is PRZ area so book max 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.
NSE:NIFTY
by Omahto
Morning Mantra, 22nd of April 2022Good Morning! So, as had been stated in the Morning Mantra yesterday, similarly Nifty did take a positive breakout of above 17300. Well as per the current situation, the level of 16800 will continue to play a crucial role for Nifty’s consolidation phase of around 17000-17300. Moreover, on witnessing the stock specific momentum in various sectors, the cherry picking strategy will be the most suitable one to be followed. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 21.04.22 - 17392.60 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
#Nifty route=map for 22nd AprilPlease 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 only, 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
NIFTY Intraday Trade Setup For 22 Apr 2022NIFTY Intraday Trade Setup For 22 Apr 2022 Buy-Above 17420 Sl-17370 T-17500 17550 17650 Sell-Below 17270 Sl-17320 T-17200 17150 17100 NIFTY ha made a long bullish candle, closed with 1.5% gain. We planned to buy above the mother candle high-17280. As soon as it was broken index rallied till 17410 nonstop. There was a good buildup before breakout. It was a smooth trending day. Coming to tomorrow's trade setup, long above 17420 if a 15 min candle closes above this. Targets will be 17500 17550 and 17650. For selling, wait till 17300 to break downside. If a 15 Min candle closes below 17300 then below that candle low short for the target of 17200 and 17150. Safe traders should wait till 17270. 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, 21st April 2022Good Morning! Yesterday we had seen a very compact consolidation in Nifty with a positive note of stock specific buying in various sectors. A perfect bullish harami on the day chart can help the market for a major breakout of 17300 once again. Considering 16800 as a major support here, the idea of cherry picking will be the best strategy as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 20.04.22 - 17136.55 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 21 Apr 2022NIFTY Intraday Trade Setup For 21 Apr 2022 Buy-Above 17200 Sl-17150 T-17270 17350 17400 Sell-Below 17050 Sl-17100 T-16960 16900 16850 NIFTY has made an inside candle in daily TF. High and low of the mother candle will be the trigger for directional move either side. Above 17300 and below 16800 is the inside candle range. Coming to tomorrow's trade setup, we will long if a 15 Min candle closes above 17190.Above that candle high we will long for the target of 17270. Confluence level is 17300. A breakout of this level can give a short covering move. trendline is placed in pink, this will act as resistance. For selling if a 15 Min candle closes below 17060 then below that candle low, short for the target of 16950, 16900 and 16850. Below 16800 panic selling will be triggered. 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, 20th April 2022Good Morning, On observing the Trading Session yesterday, we could witness the importance of the predicted support level of 16800. As even after making a low of 16824 approx during the day, Nifty managed to show us a beautiful recovery of almost 125 points, by closing at around the level of 16958. Moreover, onlooking such strength in the Market amidst the volatility, the level of 16800 will remain to be the crucial level of support for the index. Until then, we can say that with some cautiousness, we are still positive on the Market for the upcoming days. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 19.04.22 - 16958.65 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 20 Apr 2022NIFTY Intraday Trade Setup For 20 Apr 2022 Sell_1- Below 16820 Sl-16870 T-17700 16600 Sell_2-From 17100 Sl-17150 T-17000 16900 NIFTY has closed below 17000 today. Fall from 18100 continues. After the doji candle in weekly TF got activated below its low 17600, continuous trendy move is being seen. No sign of reversal yet, so be in selling. One can partial profit in the positional short from 17600. Next stop seems near 17600. Coming to tomorrow's trade setup, we will avoid buying and sell the continuation. If a 15 Min candle closes below 16824 and its low is breached then sell for the target of 16700 and 16600. 0.618 lies at 16600. Breakdown of 16800 is violation of 200 EMA in daily TF. In case some reversal sign is spotted near 17100. Sell from here with a small sl. Targets will be 17000 and 16900. 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, 19th April 2022Good Morning, As we could witness yesterday, Nifty showed us a gap down opening and henceforth stayed below its predicted support level of 17310, for the entire trading session. Moreover, from 17100 to 18100 and vice versa, this Volatility of a sharp 2000 points in Nifty is an indication of a new bull rally as per the chart setup. Well, as of now 16800 will play a very crucial support in the short term. Also, continue following the cherry picking strategy until some strong indications of aggressive buying can be seen. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 18.04.22 - 17173.65 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 19 Apr 2022NIFTY Intraday Trade Setup For 19 Apr 2022 Buy-Above 17240 Sl-17200 T-17300 17330 17385 Sell-Below 17130 Sl-17180 T-17070 17000 NIFTY has made a doji candle in daily TF. It indicates a trend pause or even a reversal can be seen. We have seen a good downside move from 18000.We also expected a downside below 17600 when a doji candle was formed in weekly TF. Now we can expect a pause or reversal from this zone. 17000 is a major support. Coming to tomorrow's trade setup, we will buy if a 15 Min candle closes above 17240. Above this we can long for the target of 17300 and 17400. On a 15 Min candle close below 17130, sell for the target of 17070. This is our first target. Below 17050 we can expect another downside move till 17000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range till 10'clock. Trade on this range breakout.
NSE:NIFTY
by Omahto
Nifty Analysis for tomorrow | Nifty Prediction | Nifty 19 April Today Market closed @ 17185. Previously discussed about 2 pending gaps on lower side & out of which 1 was full filled today. Now what next maccha ? Condition 1: If market was able to hold & sustain above the Gap 2 (17235) Which will act as Resistance now then we can expect market to go up keeping in mind OI & Volume should support the short rally & Candle should 15 min only. Condition 2: If market remains flat then for up side follow Condition 1 & for down side wait until it hold & sustain below 17134 (Qty should be less) & once Todays low was taken out & add more Qty to your position for next target. Condition 3: If we see gap down market tomorrow then wait for settlement & take action based Price Action.
NSE:NIFTYLong
by Option_Kontrol
1
Morning Mantra, 18th April 2022Good Morning! Welcome back after a long festive weekend. In the last trading session, we did observe that even though Nifty made a high of 17663, it failed to give us a closing of above 17630. On the other hand, it also managed to stay above its support level of 17310. However, Today will be a No Trade Day. As after a come back from a long weekend, it will be better to wait and watch for the Market to take a clear cut direction on the either side. Meanwhile, the level of 17310 will remain to be our support level on the downside and 17630 will work as the level of Resistance for the Market, as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 13.04.22 - 17475.65 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 18 Apr 2022NIFTY Intraday Trade Setup For 18 Apr 2022 Buy-Above 17530 Sl-17480 T-17600 17650 Sell-Below 17440 Sl-17490 T-17385 17320 NIFTY has given a small follow through below last week doji candle low. Since this was a small week so no big move was seen. Support for next week will be 17400. Breakdown of this can lead a further fall. 17300,17200 being the immediate target. Next big bullish momentum above 18100. Coming to Monday's trade setup, we will buy above 17530 if a 5/15 Min candle close above. Target will be near 17600. Next target will be near 17650. For selling if index slides below 17440, we will short for the target of 17315-20. Candle close is important. Ideal trade will be flat opening. In case a big gap up/down, trade on range breakout of the 10 o'clock range.
NSE:NIFTY
by Omahto
Morning Mantra, 13th April 2022Good Morning! So, Today is the last trading day of the week. It has now become very important for the index to take a bounce back herefrom and consequently give us a closing of above 17630 for us to be to back to a comfort zone. Moreover, the level of 17310 can now be seen as a crucial level of support for the index. Since, it’s a last trading day, continue being stock specific. The magic of which we have been seeing since the past few days. Where we had clearly stated to go for being stock specific, rather than being too aggressive, and similarly there has been a stock specific momentum throughout. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 12.04.22 - 17530.30 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 13 Apr 2022NIFTY Intraday Trade Setup For 13 Apr 2022 Buy-Above 17600 Sl-17550 T-17680 17740 17800 Sell-Below 17440 Sl-17490 T-17390 17325 NIFTY has closed 0.8% in red. It was a broader range bound session with huge volatility. Index broke our sell level 17600 and fell till our target PRZ area 17450 and revered totally from there. Our sell target was achieved. Also index has made a broader range in today's market. 17600 and 17400. Now this range breakout will give another good move either side. Coming to tomorrow's expiry trade setup, we will buy if we get a 15 candle close above 17600. 1st target will be 17650-17680, second 17740. final target will be near 17800.Best trade will be on flat opening. For selling , we need a 15 Min candle close below 17440. Target will be near 17325. in case we open gap down and a bullish reversal candle is formed near 17400-17428 then above that candle we will long with same candle low as sl. In case of a gap down/up, wait till 10 o'clock and mark the high and low of the trading range till 10 o'clock. Trade on range breakout. Important level to watch Above 17600 Below 17400
NSE:NIFTY
by Omahto
2