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...
Good 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...
NIFTY 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...
Good 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...
NIFTY 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...
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...
Hello friends,
Here NIFTY GANN Trade set up as per Gann theory Nifty sell below 17800 with sl of 17920 for the 1st tgt 17450 and 2nd tgt 17300
Happy trading,
Good 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...
Important Resistance @ 17560.
Levels for UP
Gap 1 Pending : 17664
Target 2: 17745
Target 3: 17817
Levels for down
Initial Target: 17442
Gap 2 Pending : 17343
Gap 3 Pending: 17235
NIFTY 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...
Good 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...
