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Niftysetup

Morning Mantra, 10th January2022Good Morning! Since few days now, we have been suggesting to wait and watch for either a break through down the level of 17630 or a crossover of above the level of 17800 by the index. Similarly, now that we had witnessed a closing of above 17800, i.e., a crossover of above the resistance level, we will wait and watch for today’s closing, in support of the Market’s efforts in deciding for its New Trend. Moreover, now that the Market seems to have stepped onto the stairs of an uprise, we can upgrade our immediate level of support to be at 17800, followed by 17630 and 17360, respectively. However, the level of Resistance will remain to be the same, i.e., at 18090, as of now. Also, as per the current market situations, it’ll still be suggested to Stay Cautious and Be Stock Specific! Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 7th January 2022Good Morning! What a wonderful day it was Yesterday! Yes, it was wonderful in a way that we had got to witness how nifty traded within its predicted range of the two crucial support levels of 17800 - 17630 respectively. As it made a high of around 17797 and a low of 17655 approx, yesterday itself. Moreover, as it’s a last trading day of the week, it would be suggested to stay Cautious, in fact to wait and watch for either a breakthrough the level of 17630 or a crossover of above the level of 17800 by the index. As somehow only after that will we be able to decide the Market’s New Trend. However, there’s nothing to fear much as of now as the Market’s sentiment still seems to be positive as per the chart setup. Hence, we are still with our words to Stay Cautious and to be Stock Specific. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra, 24th December 2021Good Morning! Just as we had very clearly stated in our Morning Mantra update yesterday, that it’ll be a good sign for the Market, if somehow Nifty manages to sustain above the level of 17000 for the first 2 hours of the Market. Fortunately, we did very well witness it yesterday itself, that after consolidating for almost 6 hours, the index was successful in sustaining above the level of 17000 and in support of it, had also given us a closing of above the stated level. Moreover, as the index had somehow traded in a consolidated zone for almost the entire day, hence we can say that now the support zone of Nifty will also shift upwards, i.e., at around the level of 16970. Wherefrom, now the expected targeted levels of resistance for Nifty will be around 17220 and 17366 respectively. In addition to this, as the days are crucial, we are still with our suggestion to stay cautious for the Month of December and to keep following the Cherry Picking strategies, as of now. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY ANALYSIS: EXPIRY LONG TRADEToday the Indian markets showed bullish momentum in the second half of the trading session but could not break an important resistance . Looking at the global cues right now , our markets are most likely to open gap up tomorrow . So if tomorrow on expiry day , the markets cross the important resistance of 17772 then we can see good bullish momentum in the markets . The targets given are intermediate resistances and trailing stoploss should be used once you have entered the trade . T2 is particularly an important resistance and cautious approach should be used near T2 . You can also enter the trade if the markets directly open gap up above our entry tomorrow. ENTRY: 17772 (15 MIN CANDLE CLOSING) T1: 17822 (EASY TARGET) T2: 17883 (PREFERRED EXIT) T3: 17940 (IF MARKET SUSTAINS ABOVE T2)
NSE:NIFTYLong
by Ankitkamble252
Banknifty View : Intraday Levels for 6th July 2021 Overview: Banknifty gapped up above 34893 levels and faced ad resistance around 35000 levels and after consolidating it moved up to close around our pivot level of 35240. The view is bullish and the trend is positive now as long as we are sustaining above 35000 levels. Banknifty resistance level: 35240/35405/35575 If we open flat, sustaining and trading above 35240 levels can propel the index to further targets of 45405 and 35575. If we have a huge gap up a profit booking can be seen and 35240 can be good support and can go long for upper targets. Positionally we can maintain long targets by trailing SL. If we open flat also we can go long keeping a small SL on 5/15 mins bullish candle low. Banknifty Support level: 35076/34893 The only scenario BNF will fall is if we have a huge gap down leading to panic selling which is very highly unlikely to happen as SGX is trading higher. Still, if we witness a price action below 35100 levels we can short for smaller targets around 35076 and can reverse as it's a huge support level now. IF U LIKE MY ANALYSIS DO LIKE THE POST AND COMMENT YOUR VIEWS, IT WILL MOTIVATE ME TO KEEP GOING !
NSE:BANKNIFTYLong
by sagarsethy
NIFTY FOR THE DAY 15-JUN-2021NIFTY ------------------------ NIFTY MAKING ALL TIME NEW HIGHS IN THE PAST WEEKS. HOPE IT WILL MAKE NEW HIGH TODAY ALSO. YESTERDAY I THOUGHT THAT NIFTY MAY GO INTO A CORRECTION PHASE FOR A WEEK OR TWO. BUT IT MOVES ABOVE 15818, WHICH INDICATES, THERE IS SOME MORE UPMOVE. ANALYSIS ------------------------ NIFTY MOVED ABOVE 15818. AFTER A TEST ON 15818, WE CAN BUY FOR AN INVISIBLE TARGET. IF ANY FAILURE AT 15818, WE CAN SELL NIFTY FOR A TARGET OF 15747 / 15650. Please like the idea and follow me if you find this useful. Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
NSEIX:NIFTY1!
by clementemerson
NIFTY FOR THE DAY 11-JUN-2021NIFTY ------------------------ NIFTY MAKING NEW HIGHS IN THE PAST ONE WEEK. LAST TWO MISSED THE SEQUENCE. HOPE TODAY IT MAY MAKE A NEW HIGH. ANALYSIS ------------------------ NIFTY IS TRADING NEAR THE RESISTANCE 15816. IF WE SEE ANY WEAKNESS AROUND THIS RESISTANCE, WE CAN SELL FOR TARGET OF 15756. SIMILARLY, 15756 IS A GOOD SUPPORT. IF WE SEE ANY STRENGTH AROUND THIS SUPPORT, WE CAN BUY FOR TARGET OF 15816. IF NIFTY BREACH 15816, AND RETEST, THEN WE CAN BUY FOR INVISIBLE TARGET. IF NIFTY BREACH 15756, AND RETEST, THEN WE CAN SELL FOR TARGET OF 15716 / 15649. Please like the idea and follow me if you find this useful. Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
NSEIX:NIFTY1!
by clementemerson
NIFTY FOR THE DAY 10-JUN-2021NIFTY ------------------------ NIFTY MADE NEW HIGHS FOR MORE THAN A WEEK. NOW, POSSIBLY ENTERED INTO A CORRECTION MODE. IT MAY GO LOW TO 15411 - 15265 LEVELS. IF IT GOES BELOW 15265, IT IS NOT GOOD FOR NIFTY. ANALYSIS ------------------------ 15716 AND 15756 ARE THE RESISTANCES. AND 15650 IS THE SUPPORT. IF WE SEE REVERSAL AT 15716 / 15756, WE CAN SELL FOR A TARGET OF 15650. IF WE SEE REVERSAL AT 15650, WE CAN BUY FOR A TARGET OF 15716. IF IT BREACH, 15756 AND RETEST, THEN WE CAN BUY FOR A TARGET OF 15810. IF IT BREACH 15650 AND RETEST, THEN WE CAN SELL FOR A TARGET OF 15600. Please like the idea and follow me if you find this useful. Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
NSEIX:NIFTY1!
by clementemerson
NIFTY FOR THE DAY 08-06-2021NIFTY ---------------------- NIFTY MAKING NEW HIGH DAILY HOPE IT WILL MAKE A NEW HIGH TODAY ALSO ANALYSIS ---------------------- RESISTANCE IS AT 15816 SUPPORTS ARE AT 15756, 15727. WE CAN BUY REVERSALS AT 15756/15727. FOR TARGET OF 15816. SIMILARLY WE CAN SELL REVERSAL AT 15816 FOR TARGET OF 15756. IF 15816 IS BREACHED, WE CAN BUY ON A RETEST FOR AN INVISIBLE TARGET. IF 15727 IS BREACHED, WE CAN SELL ON A RETEST FOR TARGET OF 15650. Please like the idea and follow me if you find this useful. Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
NSEIX:NIFTY1!
by clementemerson
NIFTY FOR THE DAY 07-JUN-2021NIFTY -------------------------------- NIFTY MAKING NEW HIGHS EVERY DAY. HOPE IT WILL MAKE A NEW HIGH TODAY. ANALYSIS -------------------------------- NIFTY TRADING NEAR THE RESISTANCE 15756. MAJOR SUPPORT AT 15648. BETWEEN THESE TWO LEVELS THERE ARE MANY MINOR LEVELS WHICH COULD ACT AS SUPPORT / RESISTANCE. IF NIFTY HAPPENS TO TRADE BETWEEN THESE TWO LEVELS IT COULD BE A RANGE BOUND DAY. IF NIFTY BREAKS THE RESISTANCE AT 15756, THEN WE COULD BUY FOR AN INVISIBLE TARGET. IF NIFTY SHOWS DOWN SIGNS AT RESISTANCE 15756, THEN WE CAN SELL FOR SMALL INTERMEDIATE TARGETS. 15648 IS NOT A ADVISABLE TARGET. IF NIFTY GOES TOWARDS THE SUPPORT AT 15648 AND SHOWS REVERSAL SIGNS, THEN WE CAN BUY FOR SMALL INTERMEDIATE TARGETS. Please like the idea and follow me if you find this useful. Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
NSEIX:NIFTY1!
by clementemerson
NIFTY FOR THE DAY 04-JUN-2021NIFTY -------------------------------- NIFTY IN THE MOOD OF MAKING ALL TIME HIGHS DAILY. HOPE IT WILL MAKE A NEW HIGH TODAY. ANALYSIS -------------------------------- NIFTY WILL FACE RESISTANCE AT 15726 AND SUPPORT AT 15648. IF IT BREACHES THE RESISTANCE AT 15726 AND THEN IF IT SUCCESSFULLY TESTED IT, WE CAN BUY FOR INVISIBLE TARGETS... (NO PROVEN RESISTANCE ABOVE) IF IT FINDS RESISTANCE AT 15726 AND REVERSE, THEN WE CAN SELL FOR TARGET 15661. SIMILARLY, IF IT FINDS SUPPORT AT 15648 AND REVERSED, THEN WE CAN BUY FOR TARGET 15724. IF IT BREACHES THE SUPPORT THEN WE CAN SELL FOR TARGET 15592 Please like the idea and follow me if you find this useful. Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
NSEIX:NIFTY1!
by clementemerson
NIFTY FOR THE DAY 03-JUN-2021NIFTY -------------------------------- WITH A SMALL CORRECTION NIFTY BACK TO MAKE NEW HIGHS ANALYSIS -------------------------------- NIFTY HAS SUPPORT AT 15648. IF IT GOES TOWARDS THE SUPPORT AND TAKE REVERSAL THEN WE CAN BUY WITH CURRENT HIGH AS TARGET. IF NIFTY BREACHES THE SUPPORT THEN WE CAN SELL FOR TARGETS 15592, 15560. Please like the idea and follow me if you find this useful. Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
NSEIX:NIFTY1!
by clementemerson
NIFTY50 on 15 mins chart.Nifty has make a falling wedge pattern similar to BNF and there’s a breakout happened with good increase in green volume. Usually While trading wedge pattern the target is set as the same price distance before start of the wedge formation. Shown as A on chart. As the breakout of wedge pattern has happened we believe that upcoming movement will be to the same price distance of A. That means point A=B. We can also observe Fibonacci 61.8% collapsing with same price distance as B as shown on chart. Trade safe. We can have 50% Fibonacci level as first target 61.8% as second target.
NSE:NIFTYLong
by Trademint08