#Nifty route=map till Expiry (12th-14th April)According to Previous swings, A possible Bearish ABCD Pattern can be create and C to D leg is under progress. Pattern will be considered Invalid, If price Cross & Closed above the C point.
Trading Level will be only consider activated, when a fresh candle start build-up above or below the Levels accordingly. Every Level will Act like a Support & Resistance . So, Before the Buying levels get activated, can make a trade in between the levels also.
Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my Analysis.
This Study is Based on Harmonic Pattern , Fibo ratios & Price action.
If agree with this Analysis, then Please LIKE....As well as can Follow me to getting my future analysis & Live market ideas.
HAVE A GOOD GREEN TRADE
Niftyforecast
Morning Mantra, 12th April 2022Good Morning!
On observing the Market’s Momentum these days, we can say that Nifty is currently highly confused and is consolidating between the levels of 17630-17800.
Moreover, as the Results season has begun, it’ll be suggested to take a smart move and be stock specific as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Nifty’s Closing as on 11.04.22 - 17674.95
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 12 Apr 2022NIFTY Intraday Trade Setup For 12 Apr 2022
Buy-Above 17780
Sl-17730
T-17850 17900 17960
Sell-Below 17600
Sl-17650
T-17540 17450 17400
NIFTY has closed about 100 points in red. It has made an inside candle in daily TF. It opened with a mild gap down and just consolidated the whole day. We planned to sell below 17700. Index gave a 50 points move down side below that level. Then it was just consolidation, traded inside last trading session's range.
Coming to tomorrow's trade setup, we will use today's trading range as our levels to build our trade setup either side. Closing is in negative sentiment. So, below 17600 we will plan to sell. Targets will be 17535 17450 and 17400. Final target as per ABCD pattern is 17330.
Aggressive traders can sell below 17650. 1st target will be near 17600. And if 17600 is not sustained then ride till the targets discussed above.
For buying one should wait till 17850 is crossed and sustained. Targets will be opened for 17960 and 18040. Aggressive traders can buy above 17780 if a 15 Min candle closes above this. 1st target will be near 17850 then 17900 and 17960.
In case of a gap up/down, mark the high and low of the trading range till 10 o'clock. Trade on this 10 o'clock range breakout.
Morning Mantra, 11th April 2022Good Morning!
Well just as we saw in the last trading session, that in tune to what we had stated in our Morning Mantra update, similarly Nifty did take a beautiful bounce back, from around the level of 17630. Consequently, it had also crossed over the level of 17800, but had unfortunately failed to sustain above the stated level of Resistance.
Moving ahead, since this is a long weekend week, it will be suggested to avoid being too aggressive in the Market, as of now.
Until then continue being stock specific!
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Nifty Level Upadate for Trading | END OF DAY CHART ANALYSIS
Nifty Chart Analysis Updated on 08 April , for Option Trading on 11 April
Trade with Position sizing , Trade As per Chart , Stoploss As per Chart , Profit Booking As per Chart
Weekly Options Contracts Expiry On Every Thursday Of TheCWeek. If the Thursday is a Trading Holiday, the Contracts Expire on the Previous Trading Day
This site is for educational purposes only,Please take professional advice before making any decision.
For More Inforation Search In Google - Trading with Manoj Shinde 27485
NIFTY Intraday Trade Setup For 11 Apr 2022NIFTY Intraday Trade Setup For 11 Apr 2022
Buy-Above 17850
Sl-17800
T-17900 17950
Sell-Below 17600
Sl-17650
T-17550 17500
NIFTY closed in a positive note on Friday after 3 consecutive days of profit booking. Index made a base at 17600 and headed towards Thursday high. Index has made a doji candle in weekly TF. This candle shows a profit booking after a good run. It is a reversal cum trend pause candle. Below doji candle's low, it can show downside move. 17600 is the low of the doji candle. So 17600 will be important in the next week. A good run in the upside will come only above the candle high i.e 18120.
Weekly range is 17600 and 18120.
Coming to Monday's trade setup, we will buy above 17850 if a 15 Min candle closes above this. Target will be 17900,17960 and 18000. This trade will be best on a flat opening. We can't expect big targets till index is between 18150 and 17600.
For selling we have to wait till 17600 is breached and sustained. We need a 15 Min candle close below 17600. Target will be 17510 17470 and 17400. An aggressive short trade can be done below 17700 if a 15 Min candle close below it. Target will be near range low 17630-17600.
In case of of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range till 10 o'clock. Trade on this range breakout.
Nifty 50 Analysis Week 2 April 2022Market closed at 17894.
We can see 1 Gap is pending (17990) & another Gap is below at (17389).
In between that i have marked Important Support at (17754) & if this has taken out then market will try to fill the Gap which is 17389 slowly & gradually.
Conditions:
Market 1: If we see 17990 was taken out with huge gap-up opening then need to wait for at least 15 min, Watch out Price Action & take position accordingly.
Bullish candle then Buy & If Bearish & 17990 taken out then Put Buy Simple.
Market 2: If market remains flat then we have 2 options if it breaks 17990 then we can go for Buy only if OI & Volume supports Price else we can take Put entry if 17818 was taken out with small qty & if 17754 was taken out then we can do Pyramiding Simple.
Market 3: If we see Major Support was taken out & sustain at least for 15 min candle then market will head towards 17555 & so on.
Morning Mantra, 8th April 2022Good Morning!
As we had observed in the yesterday’s trading session, just on breaking through the support level of 17800, Nifty went straight for our previously stated resistance level of 17630. Thus, it seems that Nifty has now taken a pull back.
Also, it appears that now it might be crucial for the index to sustain above the level of 17630 today. Hence, with staying cautious we will wait and watch for a clear cut indication from the Market, today.
However, we are optimistic for a positive bounce back in the Market in the upcoming trading sessions.
So, Until then, stay cautious and be stock specific.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
#Nifty route=map for 8th 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.
Target 1 can be a reversal level in Up-side, so Need to be careful.
This Study is Based on Harmonic Pattern , Fibo ratios & Price action.
If agree with this Study, then Please LIKE....As well as can Follow me for my future uploads & getting Live market ideas.
HAVE A GOOD GREEN TRADE
Simple Trade Setup | NIFTY | 08-04-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 08-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NIFTY Intraday Trade Setup For 8 Apr 2022NIFTY Intraday Trade Setup For 8 Apr 2022
Buy-Above 17700
Sl-17650
T-17750 17800 17850
Sell-Below 17620
Sl-17670
T-17560 17500
NIFTY has closed nearly 1% down today. Profit booking from 18000 is still on. After a good run
from 17000 to 18100. We are seeing a profit booking or the pullback of the up move. Index opened with a decent gap down due to global news. Our sell level was 17779, index just crashed from there. It was a good trade and hit our targets. The 10 o'clock range breakout gave small moves both the sides today.
Coming to tomorrow's trade setup, Index has closed at day low, below previous day low. Weakness continues. We planned at 18000 that if a daily candle closes below previous day low then we can plan for the reversal trade. yesterday it closed below previous day low and today we got a good move downside. So, if index open flat and 15 Min candle closes below 17620 then we will sell once again. Target will be 17560, 17500 and 17470.
For buying we need a 15 Min a candle close above 17700. Above that candle high we will buy for the target of 17750 and 17800. Above 17800 we can get another upside move. A good upside move will come only when trendline breaks in the 15 Min chart and daily candle close above previous day high.
In case of a gap up/down, mark the high and low of the trading range till 10 o'clock and on this range breakout.
Morning Mantra, 7th April 2022Good Morning!
On observing the current situations, it seems that Nifty is somehow rebalancing the affects of the “HDFC Merger”. In relation to which, we did observe a clear closing of near to the stated support level of 17800, yesterday.
Whereas, on the positive note, even after making a low of around 17779 we can say that Nifty beautifully managed to not violate its support level on a closing basis.
Moreover, as today is a day of weekly settlement, it will be suggested to stay cautious and to be stock specific.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
#NIfty Expiry special route=map 7th 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.
Target 1 can be a pullback level so Need to be careful.
This Study is Based on Harmonic Pattern , Fibo ratios & Price action.
If agree with the Study, then Please LIKE....As well as can Follow me for my future uploads & getting Live market ideas.
HAVE A GOOD GREEN TRADE
NIFTY Intraday Trade Setup For 7 Apr 2022NIFTY Intraday Trade Setup For 7 Apr 2022
Buy- Above 17900
Sl-17850
T-17965 18060
Sell- Below 17779
Sl-17830
T-17700 17590
NIFTY opened with a gap down of 100 points. It opened below our sell level - 17880. Took resistance twice and fell each time and hit our target 17800 in sell side. The 10 o'clock range was not tested. Traded in a absolute range. This range will be useful in the next day. Our trade will based on this range breakout.
Today is the 1st day after a week that index has tested its previous low. It has tested and closed below previous day low. So, profit booking is expected. Your can call "retracement of the impulse".
Coming to the expiry day trade setup, we will sell below today's low i.e 17799. Ideal trade will be on flat opening, where our Sl will be safe and small. 1st target will be the gap area - 17700-17670. Next target will be our PRZ area plotted- 17590-17600. Book max here.
For buying we need a 15 Min candle close above 17900. 1st target will be near 18000. Next target will be 18060. Above 18120 next trendy move will come. One small scalp can be done above 17850 for the target of 17900.
In case of a big gap up/down, mark the high and low of the trading range till 10 o'clock and trade on range breakout.
Morning Mantra, 6th April 2022Good Morning!
It is quite natural to witness a small pause in the Market after witnessing a 2000 points rally in the Market.
However, with the immediate stop loss of 17800 we are still quite bullish on the Market.
So be Stock Specific and continue following the Cherry Picking strategy as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
NIFTY Intraday Trade Setup For 6 Apr 2022NIFTY Intraday Trade Setup For 6 Apr 2022
Buy-Above 18120
Sl-18070
T-18220 18350
Sell-Below 17880
Sl-17930
T-17800 17700
NIFTY has made a small inside candle today. Traded inside yesterday's trading range. After a week today is the day where previous high is not breached. Index is likely to take pause after a non-stop rally. Option sellers enjoyed 18000 short straddle. Index has closed below 18000 today. We can expect some kind of retracement of this current upside move. We planned a aggressive sell trade below 17970 on 15 Min candle close. It was triggered in the last 30 Min.
Coming to tomorrow's trade setup, we will sell below 17900 if a 15 Min candle close below that and its low is crossed. This trade will be planned if index consolidates above our sell level for 15-30 Min . Then if range breaks lower side. We will short otherwise we will ignore. Also candle close is important. Target will be 17790. Below 17790 index will fill the gap and test our PRZ level 17700. Book max here. But if this is breached after a bounce then index will show another down move till 17600.
For buying we need to wait till High of 18120 is sustained. We need a 15 Min candle close above 18120 to initiate our buy trade. Target will be 18220 and 18350.This trade will be best if index consolidates in a range before our buy level is triggered.
In case of a gap up/down, mark the 10 o'clock trading range and trade the range breakout.