Good 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...
NIFTY 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...
Good 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...
NIFTY 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...
Good 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...
NIFTY 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...
India Vix is trading near resistance area. So we may see a reversal in index too. Wait for any confirm trade set up.
Good Morning! In the yesterday’s trading session, we got to witness a short and a sharp covering from the day’s low of 15990 approx. Not just that but we also very well witnessed a sharp recovery in some of the stocks during the last 2 trading hours of the Market. As of now, a very beautiful hammer formation (a positive sign) can be seen on the daily chart....
NIFTY 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...
Good 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...
NIFTY 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...
Good 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...
NIFTY 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...
Hello Friends, Here is Nifty short trade set up as per CYPHER HARMONIC PATTERN sell nifty below 17870 with stop loss of 18200 for the Target of 16815 and second Target is 16205. Happy Trading
Nifty Buy above 17236 and sell Below 16800 .... 17000 is key level
Good 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...
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:- Both Patterns are on Possibility based, can be Invalid. So suggest to focus on the Symmetrical Triangle Pattern and Support & Resistance . If agree with the...
NIFTY 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...