Trade setup for today: Top 15 things to know before the opening bell
The short-term trend of Nifty continues to be choppy with rangebound action. Still, there is no strong evidence of Nifty forming bottom reversals around the support of 17,100 levels. Further weakness from here could open a next downside target of 16,800 in the near term. Immediate resistance is placed at 17,350 levels, says Nagaraj Shetti of HDFC Securities.
Trade setup for today: Top 15 things to know before the opening bell
The short term trend of Nifty continues to be choppy with high volatility and the similar movement is expected in the next session, says Nagaraj Shetti of HDFC Securities.
Trade setup for Thursday: Top 15 things to know before Opening Bell
The short term uptrend status of the Nifty remains intact and further upmove above 17,490 is expected to pull the index towards immediate resistance of 17,650 levels, says Nagaraj Shetti of HDFC Securities.
Trade setup for today: Top 15 things to know before the opening bell
Going ahead the hurdle for Nifty50 is at 17,450 (20-day SMA). If the index manages to breach and sustain above 17,450, we might see it moving higher to 17,640 followed by 17,780, says Malay Thakkar of GEPL Capital.
Trade setup for today: Top 15 things to know before the opening bell
The overall chart pattern indicates small upside for the short term, but the higher possibility of Nifty reversing down from 17,700-17,750 levels in the next couple of sessions. Immediate support is placed at 17,450 levels, says Nagaraj Shetti of HDFC Securities.
Trade setup for today: Top 15 things to know before the opening bell
Trade Setup | According to pivot charts, the key support levels for the Nifty are placed at 17,376.13, followed by 17,288.47. If the index moves up, the key resistance levels to watch out for are 17,514.33 and 17,564.87.
Trade setup for today: Top 15 things to know before the opening bell
According to pivot charts, the key support levels for the Nifty are placed at 17,104.87, followed by 16,942.93. If the index moves up, the key resistance levels to watch out for are 17,367.57 and 17,468.34.
Trade setup for today: Top 15 things to know before the opening bell
Trade Setup | Mazhar Mohammad of ChartviewIndia advises traders to avoid long side bets whereas intraday traders, with high risk-taking ability, can short below 17,100 levels and look for a modest target of 17,000.
Trade setup for today: Top 15 things to know before the opening bell
Trade Setup | According to pivot charts, the key support levels for the Nifty are placed at 17,446.66, followed by 17,377.03. If the index moves up, the key resistance levels to watch out for are 17,601.87 and 17,687.43.
Trade setup for today: Top 15 things you should know before the opening bell
Trade Setup | Rajesh Palviya of Axis Securities advised short-term traders to hold long positions with a stop-loss of 17,600, which remains an important support zone.
Trade setup for today: Top 15 things to know before the opening bell
Budget 2022 | Malay Thakkar of GEPL Capital says traders should initiate long position only if the index manages to break above 17,640 and play for upside targets of 17,770 followed by 17,900
Trade setup for Tuesday: Top 15 things to know before Opening Bell
Union Budget 2022 is expected to bring high volatility in the market. There is a possibility of 1-2 percent swing movements in the Nifty on either side, as happened in the past during this event, says Nagaraj Shetti of HDFC Securities.
Trade setup for today: Top 15 things you should know before the opening bell
If bulls manage to defend 17,100 levels in next session and puts it beyond 17,373 levels then eventually the consolidation zone can remain between 17,600 and 16,900 levels, says Mazhar Mohammad of ChartviewIndia
Top 15 things you must know before the opening bell today
Trade Setup | The Nifty50 shows initial signs of bottoming out near the 17,000 mark and could give a pullback towards 17,450 - 17,776 levels. On the flip side, "if the index breaks below 16,836 then it can move lower towards 16,600 - 16,410 levels," says Vidnyan Sawant of GEPL Capital.
Trade setup for Thursday: Top 15 things to know before Opening Bell
The sharp down trend in the market seems to have halted at the important support and the market is now ready to show upside bounce, says Nagaraj Shetti of HDFC Securities.
Trade setup for Tuesday: Top 15 things to know before Opening Bell
The Nifty50 index has breached below the key moving averages - 20 SMA (17,780), 50 SMA (17,485), and 100 SMA (17,640), says Malay Thakkar of GEPL Capital. "A break below 17,000 can drag it towards 16,700-16,750 level," Thakkar adds.
Top 15 things you must know before the opening bell today
Trade Setup | Nagaraj Shetti of HDFC Securities feels the short term trend of Nifty continues to be weak with high volatility. "Placement of support around 17,600-17,500 levels and a formation of Doji at the swing lows on Friday pointing towards a possibility of an upside bounce from here or slightly lows.
Top 15 things you should know before the opening bell today
Nagaraj Shetti of HDFC Securities feels the short-term trend of Nifty continues to be down and there is no clear evidence of bottom formation at the lows.
Top 15 things you should know before the opening bell today
Below 17,850 levels, Rajesh Palviya of Axis Securities expects this correction may extend towards 17,700-17,600 levels.
Trade setup for today: Top 15 things you must know before opening bell
In the next trading session, selling may get accentuated if it consistently trades below 18,080 levels, says Mazhar Mohammad of Chartviewindia.
Trade setup for Tuesday: Top 15 things to know before Opening Bell
Traders should trail stop-loss towards 18,100 levels for all long positions with an upside towards 18,400 levels, says Rajesh Palviya of Axis Securities.
Trade setup for today: 15 things you must know before the opening bell
Mazhar Mohammad of ChartviewIndia says short-term traders should buy above 18,300 and look for a target between 18,550 and 18,600, placing a stop-loss below the intraday low
Trade setup for Friday: Top 15 things to know before Opening Bell
Rajesh Palviya of Axis Securities advised that traders should trail stop-loss towards 18,100 levels for all long positions with an upside towards 18,300-18,400 levels.
Trade setup for Thursday: Top 15 things to know before Opening Bell
Any dip between 18,200 – 18,150 can be an opportunity to create fresh long positions with a stop-loss below 18,081 levels on closing basis, says Mazhar Mohammad of ChartviewIndia.
