Good 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...
NIFTY 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...
Good 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...
NSE:NIFTY
Nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
Happy trading & keep learning.
NIFTY 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...
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:- 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...
Good 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...
NIFTY 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...
Good 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...
NIFTY 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...
Good 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...
NIFTY 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...
NIFTY 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...
Good 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...
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:- 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...
NIFTY 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...
Good 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...
NIFTY 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...
![NIFTY: NIFTY INTRADAY SUPPORT & RESISTANCE LEVELS FOR [29-04-2022]](https://s3.tradingview.com/6/6fbNsTSb_mid.png "NIFTY INTRADAY SUPPORT & RESISTANCE LEVELS FOR [29-04-2022]")
