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Nifty Trade Setup for 12-07-2023Nifty Important intraday levels to watch for 12-07-2023 # Support : 19420 Short if candle closes below 19420 # resistance : 19460 Long if candle closes above 19460 #Targets on downside after break of support. Target 1= 19360-19350 Target 2= 19300 #Targets on upside after break of resistance. Target 1= 19500-19525 Target 2= 19585 Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:NIFTY
by InvestyourAsset
#niftyGood morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market for correction. Conversely, if the initial market experiences a sharp decline, then the correction will continue.
NSE:NIFTY
by Manickamtraders
2
Morning Mantra - 12th July 2023Dear All, After observing yesterday’s Market, we can see that the fight between the bull and the bear is still on. So, in order to witness a further uprise, we need to witness a fresh new closing from Nifty. Where, on the other hand, if Nifty breaks the level of 19300, then it can take a pause at around the level of 19200. Overall, we now need to witness an either side movement from Nifty, i.e., either a breakout of the 19550 level, or a breakdown of 19300 level. So, until Nifty is trading between the levels of 19550-19300 , we can keep Rebalancing our Portfolio, along with being a little cautious here, as the season of Results has started. Last but not the least, it is being observed that most of the stocks are either at their fresh new high, or are trading near their breakout levels. So, it is indeed a good time for some Cherry picking, here. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
FASP levels for Nifty 12/07/2023The FASP for Nifty is listed for 12-07-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
NIFTY AnalysisObservations:: price has broken the strong demand @19375-19350 range strongly... we have observed a trendline forms by breaking the demand zone.... If tomorrow trendline acts as resistance will observe a fall towards the bottom side gap may fills... If price breaks the trendline and gives us retest and failed to make a new low below 19300, then will go for buying upto ATH. Note : After break of trendline price may also fall below... fake out at trendline may also possible... At ATH we observed that a supply zone,if resist price again falls below... untill price breaks the supply zone and retest of any previous zones will go for buy. If price fills the gap on bootom side... we will go for buy on trendline break and retest...
NSE:NIFTY
by IIT-Trader
Nifty daily analysis for 11/07/23.Nifty today consolidated and remained in a 100 points range. The market tested the lower levels of 19330 and recovered from the levels. Market on the daily time frame, has formed an inside candle and has closed below the 20 ema on the hourly charts. It is holding and recovering from the lower levels which signal a positive move in the coming days. On 15 minute charts, market constantly traded around the 20 ema and ruined the option buyers. Support :- 19330, 19240 Resistance :- 19430, 19500 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Morning Mantra - 10th July 2023Dear All, In the previous week, we had overall witnessed a mixed momentum in the Market. Where on the one hand, Nifty had made a Fresh New High of 19523.60, and on the other hand it also showed us a significant supply pressure. Although, this supply pressure witnessed at the upper levels, in the previous week was quite natural, as the Market was at its Fresh New High. Well for now, we can observe a Shooting Star formation on the Day as well as Weekly chart of Nifty. So here again, we are expecting to witness a little selling pressure. But somehow on the positive note, it is being expected that BankNifty can play a crucial role, this week as well. Therefore, now we have to give some time to the Market to take a pause, and both the Traders as well as the Investors, need to patiently watch for the final Market Momentum, throughout this crucial week. Besides, we are still with our words that with the stop loss of 19200 and 18700, keep Rebalancing your Portfolio and keep following the Cherry picking strategy, as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
07 Jul '23 Post Mortem on Nifty - time for shortsNifty hits an all time high of 19523.6 at 10.00 today, this was after we opened gap down and then had a series of powerful green candles. The surge that took N50 higher was so special that if you looked at 10.00 AM you would never have thought of going short. Opening gap down was due to the handout from the global markets & it was expected. but the 102pts rally to the ATH was unusual. I am quite sure the last of the bears would have exited the marketplace seeing the strength. Now when we look back, it seems like a classic pump and dump scheme! Trades Taken As soon as the N50 broke today's low 10.45, I took a bearish credit spread i.e sell 19500 CE at 62.25 and buy 19600 CE at 32.85. The max profit on this trade is Rs1470, max loss is Rs3530 and Break even = 19529.4. The risk:reward = 2.4. This is taken for the current weekly expiry and since its a credit strategy, the time decay will help it. If the market stays as it is or continues to go down the position will remain profitable. If the market scales back up to 19500 levels quickly, my position will start bleeding & I would have to start running for cover. 1hr TF The indicator gave a sell signal by 12.15 only on the 1hr chart. Since the intraday is viewed at a lower time frame of 15mts & 5mts - the trade was taken early. N50 is currently at the 3rd July close levels wherein there was a top like formation. If we continue to fall from here then the trades between 03 Jul to 07 Jul will look like a blip on a longer time frame. Having said that 19330 will form the first support/resistance zone (although not strong).
NSE:NIFTYShort
by viswaram
Nifty Trade Setup for 07-07-2023Nifty Important intraday levels to watch for 07-07-2023 #Support: 19440 Short if candle closes below 19440 #resistance: 19510 Long if candle closes above 19510. #Targets on downside after break of support. Target 1= 19380 Target 2= 19345 #Targets on upside after break of resistance. Target 1= 19560 Target 2 = 19630 Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:NIFTY
by InvestyourAsset
Morning Mantra - 7th July 2023Dear All, So yesterday, we had witnessed a very beautiful momentum in Nifty. Where even after back to back 2 Doji formations, instead of showing a Reversal, Nifty fortunately took it positively and gave us an all time high closing of 19497.30 So, as per Technical Analysis, Market sentiments still seems to be positive, as of now. However, if in case Nifty takes any pull back towards the level of 19200, then that can be taken as an opportunity for Cherry picking with the stop loss of 18700, for the upcoming days. Furthermore, since today is the last trading day of this wonderful week, therefore we need to be a little cautious here. In the meanwhile, keep rebalancing your portfolio, as this is the only way to keep your portfolio healthy, as of now. Keep Trading! Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
06 Jul '23 Post Mortem on Nifty I became a believer today, amazing outperformance by our stock market indices, Nifty50 hits a new all time high of 19512.2 (conquering the 19500 level for the first time). At 19350 levels I had an interim top call & the market has proven me wrong (yet again). Today's super surge is nothing short of extra ordinary, the global cues were pretty negative after US FED indicated further rate hike possibilities. As I write this report, SPX is down 1.3%. Still our Nifty50 propelled to new highs. The breakouts are not stopping, the bulls have chased away the bears yet again.  --- Weekly Analysis Nifty50 Between last expiry Jun 28th & today, Nifty50 has gained 2.57% ~ 488pts. The neatest ~ 500pts rally I have seen in a while. This is absolutely due to the breakout we had from the 18880 levels! Today's Analysis We had an intraday rally from LOD to HOD of 138pts ~ 0.72%. The leg1 of spike was from open to 11.35 where we gained 0.51% and then leg 2 was short & crisp 14.05 to 15.10 with gains of 0.37%. The closing 1hr yet again proving to be pivotal w.r.t movements. The daily candle on N50 looks even more exciting with 6 strong green candles out of the last 8 working days. Who is going to tame the bull now?
NSE:NIFTY
by viswaram
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
Morning Mantra - 6th July 2023Dear All, Once again we can see a Doji formation on the Day chart of Nifty. So, yes it is a significant indication that Nifty can take a pause from this rally. But we are still with our words that the overall market sentiments seems to be positive with the stop loss of 19200 as of now. Furthermore, every pull back can be a good opportunity for Cherry Picking along with the stop loss of 18700. Last but not the least, Today is an important day , since it is a day of Weekly Settlement. Therefore be cautious , be stock specific and keep rebalancing your portfolio as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
05 Jul '23 Post Mortem on NiftyI had a feeling that we are nearing a top after seeing the price action on 03 Jul. The 4th Jul session was also cementing that thought. And today's session till 14.35 was giving me lot of confidence to take a short position. But what happened from 14.40 to close, esp. 15.500 to 15.10 was simply unbelievable. Nifty rose 0.42% ~ 81.3pts to end the day flat at 0.05% gains. The strength in that recovery is now putting a big question mark on my interim top call. Although we did not take out the ATH today  - that momentum would have crushed the hopes of many bears. Last day we discussed how we require strong CE shorting to start a downward slide, unfortunately that was not visible today.  1hr TF Ever since we had that breakout from the 18880 levels, N50 has appreciated another 3% ~ 569pts. Either the rally is over extending or the bullish sentiment is so strong to wipe out the bears. It is quite easy for N50 to scale up as there are no more friction points, similarly its much easier to breakdown as we dont have support points too. The last 30mts of today's trade has given confusing signals now. I have marked a trading band between 19304 to 19415 (length of the 1st hour candle on 04 Jul). Till this band is not broken - I have decided not to take any bets.
NSE:NIFTY
by viswaram
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
Morning Mantra - 5th July 2023Dear All, We can now observe a Doji formation on the chart of Nifty here at upper level. Which can give a pause to this rally as of now. So in such a situation, we might get to witness some pull back in Nifty. But again the overall market sentiments is quite positive. Where the support levels of 18700 and 19200 will be very crucial for us. In the meanwhile, keep following the Cherry picking strategy and keep Rebalancing your Portfolio with the stated support levels, as of now. As Nifty is in an open territory, which indicates that anything can happen in the Market as of now. So don’t Miss the rally and be cautious along with being stock specific. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya