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NIFTY Intraday Trade Setup For 14 Jun 2023NIFTY Intraday Trade Setup For 14 Jun 2023 Buy-Above 18730 Sl-18680 T- 18807 18890 Sell-Below 18680 Sl-18730 T- 18615 18550 NIFTY has closed on a bullish note with 0.62% gain today. Buy triggered as per trade setup above 18635 and hit 1st target (18635- 18728+). It was total sideways the whole day after our 1st target was achieved. It has been updated multiple times that we have to very conservative in targets and have to focus on small RR gains. This type of momentum less market will be active till VIX starts to rise. 18730 and 18680 are important levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18730 then we will long for the target of 18807 and 18890. For selling we need a 15 min candle close below 18680. T- 18615 and 18550. 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 14/06/23Market has given a flag and pole pattern on the hourly charts and closed above 18700. On the daily charts, the market has formed a bullish candle. Major resistance level 18770-800 is still there and bullish trades can only be entered only after the level break out and sustain above the levels. In the first hour market give a nice bullish candle and consolidated after it. Support :- 18640, 18550 Resistance :- 18770, 18890 (ATH) The market are still in confusion and there is a possibility of a quick retest and after that market can hit a new ATH. Wait for the price action near the price levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum
NIFTY Intraday Trade Setup For 13 Jun 2023NIFTY Intraday Trade Setup For 13 Jun 2023 Buy-Above 18635 Sl-18585 T- 18707 18780 Sell-Below 18555 Sl-18600 T- 18485 18400 NIFTY has closed with a slight gain of 0.21% today. Buy triggered as per trade setup, above 18595 and whole day it slept at cost. It was a complete sideways and momentum less market. This is due to ultra low VIX and after a parabolic move this type of market is common as per market phases. We will simply use today's range to build our trade for the next day. 18635 and 18555 is the range, breakout will give a good directional move. But do not target big and focus on small RR gains. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18635 then we will long for the target of 18707 and 18780. For selling we need a 15 Min candle close below 18555. T- 18485 and 18400. 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
#NiftyGood morning! As of June 12th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. Structurally, this pullback wave is the 2nd wave, so once it reaches Fibonacci levels of 50 to 61%, we can expect a correction. On the other hand, if the initial market declines sharply, we can expect a range-bound market or correction. It should break yesterday's low.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 12 Jun 2023NIFTY Intraday Trade Setup For 12 Jun 2023 Buy-Above 18595 Sl-18545 T- 18685 18780 Sell-Below 18555 Sl-18605 T- 18485 18400 NIFTY has closed on a bearish sentiment last week and formed a shooting star in daily charts. The shooting star is not a perfect place to consider for a confirmed short trade. However we can get some down move if we sustain below candle's low- 18550.Important level for short is 18450, below this we get a sell structure then we will plan for a sell trade or else not. This was all about daily TF. Coming to hourly TF, we are at the trendline support. So a bounce small or big is very much possible. We will trade this bounce if we get a bullish reversal price action in 15 Min TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18595 then we will long for the target of 18685 and 18780. For selling we need a 15 Min candle close below 18555. T- 18485 and 18400. 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
Is market forming new ATH or getting ready to retrace?Nifty closed below the area where major trading is happening and the seller are really hit on the game selling markets at high. Though, it is a short term bear market. For last two weeks, market has consolidated and has formed another doji near the high. Markets are in confusion and the buyer-seller fight is still on. There is a confirmation as a double top patter is also beening formed. 1600 points or 9% move in nifty without a serious retracement on weekly charts. Though, markets have given good bullish move forming Higher Highs Higher Lows and is standing near the ATH but is losing the strenght for another up move as RSI is showing a divergence. People see a up move but before the move the markets will give a dip to hit the stop loses. Look for a Break Of Structure (BOS) forming a Lower Low. The major level of swing trades is below 18450-500 as there will be a BOS and 20 EMA will also give a break down on daily charts. For positional traders, there is an opportunity on the weekly charts where the next support seems to be around 18k levels. Fibonacci levels, support zone and moving averages all are converging creating a strong support near the levels. Enter trade only after there is a pattern formation or a retest and adapt for trailing stop losses to carry on with the trades. MA setup can also adopted for targets and stop loss as Daily and weekly moving averages are around the support zones. High chances are of a retest before Nifty creating a New ATH. Buyer have wait as per the technical analysis predicts. Wait for a confirmation and break down.
NSE:NIFTY
by TheMamboMomentum
NIFTY Intraday Trade Setup For 09 Jun 2023NIFTY Intraday Trade Setup For 09 Jun 2023 Buy-Above 18725 Sl- 18775 T- 18810 18895 Sell-Below 18615 Sl-18665 T- 18523 18450 NIFTY has closed on a bearish note with almost 0.50% cut today. It opened flat and buy triggered above 18740 and gave small momentum in upside till 18777 then fell sharply which hit sl in long side. Later 10 o'clock range broke below 18723 and gave a one way move till 18616 which was more than 100 points gain. Bearishness may continue below today's low- 18615. Also we have to be alert for reversal if there a reversal price structure in 5/15 Min TF. Important resistance is 18725. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18725 then we will long for the target of 18810 and 18895. For selling we need a 15 min candle close below 18615. T- 18523 and 18450. 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 09/06/23.Nifty has given a beautiful bearish engulfing candle. The market gave momentum both the side. In the first half it tried to get close to 18800 but couldn't sustain and gave a 150 points move from the high. Market has closed below the 20 ema on the hourly charts, and there is possibility of testing the 200 ema i.e. 18340(at present) in coming sessions. The market even tried to trap the retails by giving a fake out above 20 ema, on 15 minutes chart. Support :- 18550, 18490 Resistance :- 18700, 18800. Both side momentum has been there in today's trading session. The market may take a halt of fall further. Watch support and resistance. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum