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NIFTY Intraday Trade Setup For 10 Jul 2023NIFTY Intraday Trade Setup For 10 Jul 2023 Buy-Above 19420 Sl-19370 T- 19523 19620 Sell-Below 19300 Sl-19350 T- 19213 19121 NIFTY has created a bearish sentiment on Friday ending the day with 0.85% cut. We have longed from 18460 and its TSL we followed is still intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit. On Friday it closed below PDL and now if it breaks its low- 19300 then our TSL will be hit and will exit the longs. Next bullish momentum above 19525. For a sell it has to make a bearish price structure in daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19420 then we will long. T- 18523 19620. For selling we need a 15 Min candle close below 19300. T- 19213 and 19121. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
1
NIFTY Intraday Trade Setup For 07 Jul 2023NIFTY Intraday Trade Setup For 07 Jul 2023 Buy-Above 19515 Sl-19465 T- 19606 19717 Sell-Below 19430 Sl-19480 T- 19339 19253 NIFTY has closed on a positive note with 0.51% gain today. Yesterday it was mentioned that on a flat opening bullishness will be there from first half. It opened almost flat and buy triggered above 19435 and 1st target was almost achieved (19435-19512+). Now we have a small trendline resistance in 15 Min TF. Above this once again bullish momentum will kick in. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 19515 and 19430 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19515 then we will long for the target of 19606 and 19717. For selling we need a 15 Min candle close below 19430. T- 19339 and 19253. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Nifty daily analysis for 07/07/23.Nifty on the daily time frame has given a nice move and closed around the round number figure of 19500. The market gave a nice move in the first hour and consolidated whole in a range. During the last hour too the market gave a break out and gave a fifty points. Market is moving in a good bullish cycle of consolidation and breakout. On 15 minute time frame, nifty is taking support from the 20 ema. Being the expiry, the last hour move gave nice profits to the option buyer . Support :- 19460, 19410 No serious resistance is there on the upper side as market is making new ATH and the supports are near by. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 06 Jul 2023NIFTY Intraday Trade Setup For 06 Jul 2023 Buy-Above 19435 Sl-19385 T- 19527 19620 Sell-Below 19335 Sl-19385 T- 19253 19175 NIFTY has closed on a complete flat note today. It has formed an inside candle in daily TF. It was a complete rangebound session with momentum almost cemented. It has formed a range in 15 Min TF. Breakout of 19435 and 19335 will give us a trendy move. On a flat opening it may maintain a bullish stance in the first half. session. Sentiment is bullish across TF, slight sentimental change will be there when we close below PDL and that red candle's low is breached. That is also the TSL for our swing low position. Coming to Thursday's trade setup, if index opens flat and a 15 min candle close above 19435 then we will long for the target of 19527 and 19620. For selling we need a 15 min candle close below 19335. T- 19253 and 19175. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Nifty daily analysis for 06/07/23.Nifty on the daily time frame has formed an inside candle and formed another doji. The market opened flat and closed near to the opening price. The market has consolidated whole day and remained in a range of 100 points. On the hourly charts, the market remained inside the first hour candle and during the closing hour gave a 50 points move. Even on the smaller time frame, the market traded around the 20 ema and closed just above it. Support :- 19330, 19260 Resistance :- 19410 The market is consolidating and has remaine in a range for 2 trading days. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 05 Jul 2023NIFTY Intraday Trade Setup For 05 Jul 2023 Buy-Above 19435 Sl-19385 T- 19527 19620 Sell-Below 19355 Sl-19405 T- 19263 19181 NIFTY has closed on a bullish note once again with 0.34% gain. Our swing long position from 18460 is going buttery smooth. After ATH breakout we expected a non-stop momentum which is going on very well. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. Today buy triggered above 19350 and hit our 1st target (19350-19434). 19435 and 19355 are important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19435 then we will long for the target of 18527 and 19620. For selling we need a 15 min candle close below 19355. T- 19263 and 19181. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Nifty daily analysis for 05/07/23.Another fap up day in nifty. Today market on remained volatile and has formed a dragon fly doji. The market has closed gaining 66 points and has consolidated whole day, closing near the opening price. On the hourly charts, market remained in the first hour candle and gap filling trade was there in the first hour. Nifty has been respecting the 20 EMA, on 15 minutes chart, and has closed around the levels. The market has given nice up side movement and a healthy retracement is pending. Support :- 19330, 19250 Resistance :- 19410 Nifty is volatile now and is holding on the higher levels. If the market comes for retracement, intraday sell opportunity can be taken with small target. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 04 Jul 2023NIFTY Intraday Trade Setup For 04 Jul 2023 Buy-Above 19350 Sl-19300 T- 19430 19515 Sell-Below 19285 Sl-19335 T- 19189 19094 NIFTY has closed on a bullish note with 0.7% gain today. It opened with a minor gap up above our buy level and 1st target was achieved as per trade setup. It opened with a gap up but 10 o'clock range was intact for the whole day. Nothing triggered as per 10 o'clock range breakout as it traded inside the range. Our swing position is doing fantastic. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 18350 and 19285 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19350 then we will long for the target of 19430 and 19515. For selling we need a 15 Min candle closes below 19285 then we will long for the target of 19189 and 19094. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Nifty daily analysis for 04/07/23.For the last 4 trading session, market has been giving gap up and showing positive momentum. On the daily charts, market again has given 130 points move. The market remained in the first hour candle and gave close near the day high. There are less opportunity for intraday traders as the gap up take away the move. The time is for the positional and swing traders. On 15 minutes chart, nifty took support from the 20 ema and formed a box consolidation. Support :- 19260, 19000 Resistance :- 19340 Market are moving in the first half and is consolidating in the last. Small target should be taken as big move are difficult after a gap up. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty weekly analysis for 03/07/23.Nifty on the weekly time frame has given a 500+ points or 2% up move. It has formed a bullish marubozu candle. Market has been continuously giving gap up and movement for 3-4 days. There was a good movement after testing the 20 ema, on daily time frame. Nifty is trading around 19200 levels and forming new ATH. It can give momentum to touch 19500-700 levels. Bullish movement is market is giving good returns and can continue to touch higher highs. Market is in the bullish movement and is making higher high and higher low formation. A perfect bullish cycle is on. Support :- 19000, 18890 Resistance :- 19280 (fib levels). The market are moving in bullish move and no actual resistance is there in the charts. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
NIFTY Intraday Trade Setup For 03 Jul 2023NIFTY Intraday Trade Setup For 03 Jul 2023 Buy-Above 19205 Sl-19155 T- 19310 19420 Sell-Below 19135 Sl-19185 T-19050 18965 NIFTY has closed at a record high last week with 2.8% gain. Our long triggered on 26 May above 18460 for the target of a fresh ATH near 19100. Index hit our target slowly and steadily (18460-19200+). Now we will ride the momentum to the fullest by trailing it. As of now if a daily candle closes below PDL and that red candle's low is breached then we will exit our positions. As of now there is no scenario of sell. First of all it has to hit our trailing then on a bearish price structure in daily TF possibility of sell pans out. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19205 then we will long for the target of 19310 and 19420. For selling we need a 15 min candle close below 19135. T- 19050 and 18965. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
30 Jun '23 Post Mortem on Nifty50Nifty opened gap up at 19076 immediately hitting an all time high, that was just the start. Most of the traders were expecting N50 to close the gap and fall to the trading range of the previous day. That did not happen, instead N50 was firing on all cylinders. The major reason for this thrust in rally came from NiftyIT which ended +2.5% today. IT's strength overshadowed almost every other sector - the result a perfect rally for N50 today with strong closing. The new ATH is now 19201.7. Just imagine we had a 200pts swing once the magic number of 19000 was broken in the last session. Most likely few of the participants who missed out would have come back with loads of cash to deploy. Is it a good time to have a FOMO feeling - I am not quite sure! Since there are no available resistance levels - its a free hand for N50 to play boss. The only way to restrict N50 would be for the big boys to start writing CE shorts. The problem is - who will have the courage to short sell? Since its a breakout rally & the momentum could get so strong to wipe you off the feet. Chances are the bears will have to wait for some external triggers as the earnings may not disappoint. 1hr TF The last 3 sessions have been highlighted, if you notice we had island gaps in all 3 indicating a sentiment shift. The first support level has been marked at 18880 now below which N50 could get back into the range-based trading.
NSE:NIFTY
by viswaram
NIFTY Intraday Trade Setup For 30 Jun 2023NIFTY Intraday Trade Setup For 30 Jun 2023 Buy-Above 19015 Sl-19965 T- 19105 19187 Sell-Below 18940 Sl-18990 T- 18855 18770 NIFTY has closed on bullish note last with 0.82% gain. We longed above 18460 on daily swing breakout for target of a fresh ATH near 19120. We are at striking distance to our target and we will keep on riding this till our TSL is intact. If a daily candle closes below PDL and that red candle's low is breached then our TSL will be hit. Last day it opened with a big gap up and 10 o'clock range broke upside above 18898 ( 20 points sl) and made a high of 19011. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19015 then we will long for the target of 19105-20 and 19187. For selling we need a 15 min candle close below 18940. T- 18855 and 18770. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
7
Nifty daily analysis for 30/06/23.Nifty, finally, tested the 19k levels but couldn't sustain above it. After the gap up opening above 18900 it travelled and touched the higher levels. The index was strong as compare to the other indices and closed near the higher levels. On the hourly charts, there is a flag and pole pattern. As market consolidated in the second half of the trading session. Market in the last two sessions has given a move of around 300 points. And market while moving upward has constantly giving gap up and momentum. Support :- 18890, 18800 Resistance :- 19000 Nifty has also formed a new ATH and touched the round figure level. Market has given a nice bullish move and might take a halt near the higher levels. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade