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NIFTY Intraday Trade Setup For 02 Nov 2023NIFTY Intraday Trade Setup For 02 Nov 2023 Bullish-Above 19070 Invalid-Below 19020 T- 19173 19280 Bearish-Below 18970 Invalid-Above 19020 T- 18890 18798 NIFTY has closed once again on a bearish note with 0.47% cut today. Sell triggered as per trade setup below 19050 and gave around 70 points however our target was yet to be achieved. Tomorrow once again bearish move will continue below 18790 and it will move towards 18798. For a bullish move it has to sustain above 19070 post pullback. Also yesterday I explained that probability of a halt candle is high this week. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19070 then we will long. T- 19173 and 19280. For selling we need a 15 Min candle close below 18970. T- 18890 and 18798. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 01 Nov 2023NIFTY Intraday Trade Setup For 01 Nov 2023 Bullish- Above 19150 Invalid-Below 19100 T- 19260 19360 Bearish-Below 19050 Invalid-Above 19150 T- 18920 19815 NIFTY has closed on a slight bearish note with 0.32% cut today. It was a 0.382 rejection of the parabolic fall from 19850. Now 19250 will be an important swing in hourly TF for a bullish reversal structure. Probability of a halt candle this week is high where idle range seems to be 19350 and 18850. 19150 and 19050 are important levels for tomorrow's session. 19280 and 18920 are important resistance and support respectively. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19150 then we will long for the target of 19259 and 19360. For selling we need a 15 Min candle close below 19050. T- 18920 and 18815. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 27 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 27 Oct 2023 Buy-Above 18905 Invalid-Below 18855 T- 19050 Bearish-Below 18830 Invalid-Above 18880 T- 18730 18595 NIFTY has closed once again closed on a complete bearish note with 1.39% cut today. Our weekend planning was simple where we found that 19500 was a major level for a downside trigger. Another day where gains added in our swing sell position. Now it has came near our 1st target zone- 18800. We will book here if we get a bullish price action. Also tomorrow be very strict in trailing after sell is triggered, trail sl to day high near 18840 after sell triggers. If it sustains above 18905 then very easily it can retest 19000 as how it fell it will recover. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18905 then we will long for the target of 19050, ride with trailing. For selling we need a 15 Min candle close below 18830. T- 18730 and 18595. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 26 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 26 Oct 2023 Bullish- Above 19180 Invalid- Below 19130 T- 19300 19432 Bearish-Below 19070 Invalid- Above 19120 T- 18945 18810 NIFTY has closed on a complete bearish once again. Our short move towards 18960 is at a striking distance. In the weekend we already planned that below 19500 we will get a trendy downside move. It has just slipped in butter after that. Index has given more than 400 points fall in just 2 sessions. 18950 is going to a be a strong support zone for tomorrow's session. 19180 and 19070 are important levels for tomorrow's session. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19180 then we will long for the target of 19300 and 19432. For selling we need a 15 Min candle close below 19070. T- 18945 ad 18810. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
1
NIFTY Intraday Trade Setup For 25 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 25 Oct 2023 Sell_1- From 19450 Invalid-Above 19500 T- 19350 19260 Sell_2-Below 19250 Invalid-Above 19300 T- 19109 18960 NIFTY has closed on a complete bearish note with 1.34% cut on Monday. In the weekend we discussed that 19500 is the only hurdle for a trendy downside move. On Monday 19500 was broken and we saw a super trendy move till 19260, around 240 points in a single go. Also in the weekend it was discussed that it is likely to test 18970 zone which is intact. There is a fair possibility that we will open gap up tomorrow, so incase 19450 is tested then we will plan a short from there. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes below 19250 then we will short for the target of 19109 and 18961. Incase 19450 is tested in the gap opening sentiment then we will short from there. T- 19350 and 19260. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
2
NIFTY Intraday Trade Setup For 23 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 23 Oct 2023 Bullish-Above 19570 Invalid-Below 19520 T-19681 19812 Bearish-Below 19510 Invalid-Above 19560 T- 19418 19330 NIFTY has closed on a bearish note last with 1%cut last week. It has once again came to 19500 zone after a bounce last week. 19500 is very important for a trendy downside move. But it will be best if the breakout happens with flat opening. This has to be observed in hourly and daily TF. On successful breakout it will head towards 18970. 19510 and 19570 are important levels for tomorrow's session. Last hourly swing high is 19685 so above which there is a chance of bullish reversal. 19300-30 is a string intraday support Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19570 then we will long for the target of 19680 and 19812. For selling we need a 15 Min candle close below 19510. T- 19418 and 19330. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 20 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 20 Oct 2023 Bullish-Above 19685 Invalid-Below 19635 T- 19813 19910 Bearish-Below 19550 Invalid-Above 19600 T- 19435 19330 NIFTY has closed with small cut of 0.24% today. It opened with a big gap down today and as per trade setup 10 o'clock range was to be used. Range broke upside above 19595 and filled the gap . Last swing low was 19555, so around 40 points risk. But the main problem was the breakout candle which was too big when closed which did not fit in RR. Tomorrow 19685 is very important for bulls to take charge to influence the weekly closing. Below 19550 bears will once again start their wild action. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19685 then we will long for the target of 19813 and 19910 above 19825. For selling we need a 15 Min candle close below 19550. T- 19435 and 19330. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 19 Oct 2023NIFTY Intraday Trade Setup For 19 Oct 2023 Bullish-Above 19730 Invalid-Below 19680 T- 19830 19940 Bearish-Below 19650 Invalid-Above 19700 T- 19555 19435 NIFTY has closed on a complete bearish note with 0.71% cut today. It opened flat and sell triggered below 19770 as per trade setup. Trade hit our 1st target very smoothly and gave more than 100 points gain till 19660. Tomorrow if index opens flat or with a very slight cut then it will be another big red candle just below today's low. In case it opens with a gap up then probability of a trendy move downside is less. Best opening trade will be in short side below 19659 on a flat opening. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19730 then we will long for the target of 19830 and 19940 above 19850. For selling we need a 15 Min candle close below 19650. T- 19555 and 19435. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 18 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 18 Oct 2023 Bullish-Above 19850 Invalid-Below 19800 T- 19945 20030 Bearish-Below 19770 Invalid-Above 19820 T- 19680 19595 NIFTY has closed with 0.40% gain today, all contributed by gap up. Yesterday it was discussed that probability to sideways in the coming days is high so has happened today. It opened with a big gap up and turned sideways , for 4 hours it traded between less than 40 points range. Later 10 o'clock range broke downside below 19809 and gave 30 points move with 20 points sl. Tomorrow it can give a very good up move above today's high 19850 and this is the high probability trade. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19850 then we will long for the target of 19950 and 20030. For selling we need a 15 min candle close below 19770. T- 19680 and 19595. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 17 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 17 Oct 2023 Bullish-Above 19810 Invalid-Below 19760 T- 19915 20030 Bearish-Below 19690 Invalid-Above 19740 T- 19605 19515 NIFTY has closed almost on a flat note with a minor cut of 0.1% today. It opened flat and triggered sell which hit sl. Momentum was sideways throught the day. It has formed an inside candle in daily TF at a random place so its a sign of sideways. It looks that sideways momentum is likely to continue for few sessions. Tomorrow 19810 and 19690 are key levels to look for breakout. Be very strict with trailing in this sideways market. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19810 then we will long for the target of 19915 and 20030. For selling we need a 15 min candle close below 19690. T- 19605 and 19515. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
1
NIFTY Intraday Trade Setup For 16 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 16 Oct 2023 Bullish-Above 19810 Invalid-Below 19760 T- 19910 20030 Bearish-Below 19725 Invalid-Above 19775 T- 19635 19530 NIFTY has closed on a slight bullish note with 0.5% gain last week. 19850 is the hourly resistance, breakout will initiate another long leg of rally while we picked it from 19500 last week with 0.5% retracement. Important hourly levels to be watched for breakout are 19850 in the upside and 19630 in the downside. 19420 and 20030 are important support and resistance. High probability trade looks in the upside on Friday's closing basis. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19810 then we will long for the target of 19910 and 20030. For selling we need a 15 Min candle close below 19725. T- 19635 and 19530. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 10 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 10 Oct 2023 Bullish-Above 19590 Invalid-Below 19540 T- 19693 19800 Bearish-Below 19480 Invalid-Above 19530 T-19368 19270 NIFTY has closed on a bearish note with 0.72% cut , it was contributed by the Mid East issue. In the weekend itself we expected a down move as per 0.382 in hourly TF 0.85% effect in 15 Min TF. 19500 was projected as a strong support. Today 19500 was respected and it bounced till 19588 vigorously. Later it just consolidated between 10 o'clock range and it was untouched. Tomorrow we will be neutral and take action on 19590 and 19480 breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19590 then we will long for the target of 19693 and 19800. For selling we need a 15 min candle close below 19480. T- 19368 and 19270. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 09 Oct 2023 || Daily AnalysisNIFTY Intraday Trade Setup For 09 Oct 2023 Bullish-Above 19680 Invalid-Below 19630 T- 19800 19901 Bearish-Below 19600 Invalid-Above 19650 T- 19500 19420 NIFTY has closed on a an absolute flat note this week, just like previous one. It has formed a pinbar candle in weekly TF indicating a bullish momentum. For me this will be confirmed when we get a Bullish price structure in daily TF which will be updated here. Now if you observe since 22 Sep high it is following one pattern which is 0.85% retracement and then a fall. On Friday it has tested the same level so as per current behaviour we can expect a drop with a confluence of volume profile, initially 50% will be an ideal pullback from bottom. Incase if we break 19680 then this behaviour/pattern will be void. 19800 and 19500 are going to be intraday resistance and support for the next session. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19680 then we will long for the target of 19800 and 19900 zone. For selling we need a 15 min candle close below 19600. T- 19500 and 19420. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 09 Oct 2023 || Weekly OutlookNIFTY Intraday Trade Setup For 09 Oct 2023 Bullish-Above 19680 Invalid-Below 19630 T- 19800 19901 Bearish-Below 19600 Invalid-Above 19650 T- 19500 19420 NIFTY has closed on a an absolute flat note this week, just like previous one. It has formed a pinbar candle in weekly TF indicating a bullish momentum. For me this will be confirmed when we get a Bullish price structure in daily TF which will be updated here. Now if you observe since 22 Sep high it is following one pattern which is 0.85% retracement and then a fall. On Friday it has tested the same level so as per current behaviour we can expect a drop with a confluence of volume profile, initially 50% will be an ideal pullback from bottom. Incase if we break 19680 then this behaviour/pattern will be void. 19800 and 19500 are going to be intraday resistance and support for the next session. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19680 then we will long for the target of 19800 and 19900 zone. For selling we need a 15 min candle close below 19600. T- 19500 and 19420. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 06 Oct 2023 | Daily AnalysisNIFTY Intraday Trade Setup For 06 Oct 2023 Bullish-Above 19580 Invalid-Below 19530 T- 19685 19800 Bearish-Below 19515 Invalid-Above 19565 T- 19427 19335 NIFTY has closed on a positive note with 0.56% gain today although it is contributed by gap up. It opened with a big gap up and just went in range of 90 points for the whole day. As per trade setup 10 o'clock range was to be used and the range broke downside below 19508 which hit a sl of 25 points. Then range broke upside ended at cost. Tomorrow 19580 and 19515 are important levels to look for breakout in 15 Min TF. 19427 is going to be a gap support tomorrow. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19580 then we will long for the target of 19685 and 19800. For selling we need a 15 Min candle close below 19515. T- 19427 and 19335. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 05 Oct 2023 | Daily AnalysisNIFTY Intraday Trade Setup For 05 Oct 2023 Bullish-Above 19460 Invalid-Below 19410 T- 19585 19695 Bearish-Below 19330 Invalid-Above 19380 T- 19220 19105 NIFTY has closed with negative cut of 0.47% today but ended the day on a bullish note as it closed near day high. It opened with a big gap down today and 10 o'clock range was to be used as per trade setup. Range broke downside below 19375 and last swing high was 19408. It gave 40 points gain with 35 points risk. Tomorrow on a flat opening above today's high it can give a good bullish move to fill the gap initially and more. Below 19330 once again bearish sentiment will be on. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19460 then we will long for the target of 19585 and and 19695. For selling we need a 15 Min candle close below 19330. T- 19220 and 19105. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 04 Oct 2023 | Daily AnalysisNIFTY Intraday Trade Setup For 04 Oct 2023 Bullish-Above 19570 Invalid-Below 19520 T- 19675 19770 Bearish-Below 19470 Invalid-Above 19520 T- 19385 19290 NIFTY has closed on a bearish note with 0.56% cut today. It opened flat and sell triggered as per trade setup but the 1st one Min candle itself was very big which made our short trade RR unfavourable. After the 1st 15 Min candle overall it just consolidated. 10 o'clock range was also intact. Tomorrow below day today's day low there can be a good down move, best suitable after flat opening. For buying it need to sustain above 19570 also we will consider in the 2nd attempt breakout. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19570 then we will long for the target of 19675 and 19770. For selling we need a 15 min candle close below 19475. T- 19385 and 19290. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 03 Oct 2023NIFTY Intraday Trade Setup For 03 Oct 2023 Bullish-Above 19730 Invalid-Below 19680 T- 19830 19930 Bearish-Below 19615 Invalid-Above 19665 T- 19540 19450 NIFTY has closed almost on a flat note last week with a minor cut, overall consolidated. A sideways momentum is common after a parabolic move which was discussed last week itself. Now we can expect directional move on break of the consolidated zone. 19490 is the key level for a downside move. 28 Sep high is very important for a bullish trigger as its was a major seller's candle. So 19490 and 19800 is the range to look for breakout for the next directional move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19730 then we will long for the target of 19830 and 19930. For selling we need a 15 Min candle close below 19615. T- 19540 and 19450 below 19530. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 29 Sep 2023NIFTY Intraday Trade Setup For 29 Sep 2023 Sell_1- From 19660 Invalid-Above 19710 T- 19575 19500 Sell_2-Below 19490 Invalid-Above 19540 T- 19395 19300 NIFTY has closed on a complete bearish note with 0.98 % cut. Sell triggered as per trade setup below 19660 and what a day it was. It gave a non-stop move till 19493, giving us more than 160 points gain. Tomorrow once again bearish sentiment likely to continue below today's low. In case of a gap up 19660 zone will be a good place to short. Bullish view only incase 10 o'clock range suggests. Today's high is very important in hourly TF. No bullish/reversal view till this is safe. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 19490 then we will long for the target of 19395 and 19300. In case of a gap up, we will short from 19660 zone. T- 19575 and 19500. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 28 Sep 2023NIFTY Intraday Trade Setup For 28 Sep 2023 Buy-Above 19735 Invalid-Below 19685 T- 19840 19930 Bearish-Below 19660 Bearish-Above 19710 T- 19560 19420 NIFTY has closed on a slight bullish note with 0.26% today. The weekly support discussed in the weekend outlook was 19550-19600. Today it tested 19550 and a sharp recovery was seen till 19730. Now it is ready for a pullback bounce till 20k zone. Now 19550 is the gateway for the next round of selling, a very strong support in daily TF. Tomorrow on a flat opening above today's high it will be once again bullish. 19660 is 0.382 , a strong support zone. Below this there can be a selling pressure. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19735 then we will long for the target of 19840 and 19930. For selling we need a 15 Min candle close below 19660. T- 19560 and 19420 below 19550. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 27 Sep 2023NIFTY Intraday Trade Setup For 27 Sep 2023 Bullish-Above 19735 Invalid-Below 19685 T- 19840 19920 Bearish-Below 19600 Invalid-Above 19650 T- 19510 19420 NIFTY has closed flat once again for the two consecutive days. In the weekend analysis it was discussed that index can create a base and probability of a pullback is high. Also it was discussed that it can turn sideways after a parabolic move. So is happening, it just traded between 60 points range for the whole day today. This sideways momentum is likely to continue for some more days after a complete parabolic (down)move. Nothing triggered as per trade setup. Tomorrow be alert with today's high and low for a direction however 19740 and 19600 is the broader range. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19735 then we will long for the target of 19840 and 19920. For selling we need a 15 Min candle close below 19600. T- 19510 and 19420. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 26 Sep 2023NIFTY Intraday Trade Setup For 26 Sep 2023 Bullish-Above 19735 Invalid-Below 19685 T- 19840 19920 Bearish-Below 19600 Invalid-Above 19650 T- 19510 19420 NIFTY has closed on a an absolute flat note today. In the weekend it was explained that index will give a pullback/bounce from 0.618 and 50 EMA in daily TF which is placed near 19550-600 zone. It exactly reversed from 19600 and made a high of 19734. It has formed a doji candle in daily TF exactly at 0.618. Now tomorrow's closing will be important to watch, high and low will be trigger for a direction either side. 19920 and 19420 are important resistance and support respectively for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19735 then we will long for the target of 19840 and 19920. For selling we need a 15 Min candle close below 19600. T- 19510 and 19420. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:NIFTY
by Omahto