Trade setup for Tuesday: Top 15 things to know before Opening Bell
The next upside levels on the Nifty to be watched around 18,200-18,350, which could be achieved in one week, however, immediate support is placed at 17,870 levels, says Nagaraj Shetti of HDFC Securities.
Trade setup for Monday: Top 15 things to know before the opening bell
Mazhar Mohammad of Chartviewindia advised short-term traders to wait for a directional move to emerge and trade in the direction of the breakout
Trade setup for Friday: Top 15 things to know before Opening Bell
Rajesh Palviya of Axis Securities feels the overall short-term trend is still intact upward. One should use any pullback rally towards 17,600-17,500 levels as a buying opportunity with a stop-loss of 17,400 with an upside towards 18,000-18,200 levels, he advised.
Trade setup for today: 15 things you must know before the opening bell
On the daily chart, the index continues to scale upward forming a series of higher tops and bottoms. One should use any pullback rally towards 17,400-17,300 levels as a buying opportunity with a stop loss of 17,150 with an upside towards 17,800-18,000 levels, says Rajesh Palviya of Axis Securities.
Trade setup for Monday: Top 15 things to know before the opening bell
Mazhar Mohammad of ChartviewIndia advised positional traders, who are long, to hold their horses with a stop-loss below 17,230 levels and even fresh buying can be considered on mild dip close to 17,300
Trade setup for Friday: Top 15 things to know before Opening Bell
Karan Pai of GEPL Capital says the price action suggests shrinking volatility and also points towards the possibility of the prices moving in a tight range of 17,000-17,300.
Trade setup for Thursday: Top 15 things to know before Opening Bell
It remains critical for the Nifty to sustain above the bullish gap zone of 17,161–17,112 levels, registered on December 28, to retain positive bias as a close below 17,100 should ideally drag down the index into sideways phase, says Mazhar Mohammad of ChartviewIndia.
Trade setup for Wednesday: Top 15 things to know before Opening Bell
One should use any pullback rally towards 17,100-17,000 levels as a buying opportunity with a stop loss of 16,900, Rajesh Palviya of Axis Securities says.
Trade setup for today: Top 15 things to know before the opening bell
"As long as the prices do not breach the 16,800 or the 17,300-mark, one can expect the prices to remain in a range and move between the above mentioned levels," says Karan Pai of GEPL Capital.
Trade setup for Monday: Top 15 things to know before the opening bell
Next week will remain very critical for bulls as the index not only required to sustain above 16,900 levels but also needed to get past 17,155 levels to build on to positive momentum, says Mazhar Mohammad of Chartviewindia.in
Trade setup for Friday: Top 15 things to know before Opening Bell
From the broader point of view, Karan Pai of GEPL Capital believes that the index might consolidate between the 17,600 and 16,400 levels.
Trade setup for Thursday: Top 15 things to know before Opening Bell
The last two sessions of strength might have instilled some confidence among bulls. If the index sustains above 16,970 levels in the next session, the strength may eventually extend towards 17,500 levels in the next couple of sessions which can be the best-case scenario for near term, says Mazhar Mohammad of ChartviewIndia.
Trade setup for Wednesday: Top 15 things to know before Opening Bell
Going ahead, 17,000 is going to act as a key resistance level. As long as the prices remain below the 17,000 mark the gate towards the 16,200 remains open, says Karan Pai of GEPL Capital.
Trade setup for Tuesday: Top 15 things to know before Opening Bell
Karan Pai of GEPL Capital says the Nifty seems to be making a brisk move towards 16,200. According to Pai, if the index manages to breach this level, we might see the prices move lower towards the 15,800 mark.
Trade setup for Monday: Top 15 things to know before Opening Bell
In the next session, if Nifty registers a close below 16,900 levels then the recent corrective swing low of 16,782 can come under threat by opening up more downsides, says Mazhar Mohammad of Chartviewindia.in.
Trade setup for Friday: Top 15 things to know before Opening Bell
Karan Pai believes that the 17,200 mark in the coming sessions is going to be a key level to watch. "If the price manages to breach and sustains below the 17,200 mark, we might see the prices move lower towards the 17,000-16,800 level."
Trade setup for Thursday: Top 15 things to know before Opening Bell
"Looking at the way prices are facing rejection near the 20-day SMA, we feel a break below the daily low of 17,192 will push the prices lower towards the 17,050 mark," says Karan Pai of GEPL Capital.
Trade setup for Wednesday: Top 15 things to know before Opening Bell
If Nifty sustains below 17,200, it may slip further towards 17,100-17,000 in the near term, while on the higher side, 17,400-17,500 levels are likely to act as an immediate resistance zone, says Rajesh Palviya of Axis Securities.
Trade setup for Tuesday: Top 15 things to know before Opening Bell
Karan Pai of GEPL Capital expects the 17,250 (100-Day SMA and Gap Area) to act as a strong support level.
Trade setup for Monday: Top 15 things to know before Opening Bell
Nagaraj Shetti of HDFC Securities feels the short term trend of Nifty continues to be rangebound. The lack of selling pressure at the important resistance could indicate higher chances of sharp upside breakout of the hurdle in the near term. Immediate support is placed at 17,400-17,380 levels.
Trade setup for Friday: Top 15 things to know before Opening Bell
If the Nifty crosses and sustains above 17,550 levels, it would witness buying, which would lead the index towards 17,700-17,900 levels, says Rajesh Palviya of Axis Securities.
Trade setup for Wednesday: Top 15 things to know before Opening Bell
Rajesh Palviya of Axis Securities expects the index to consolidate within a broad range from 17,600 to 16,800 levels in the coming sessions with mixed bias and high volatility.
Trade setup for Friday: Top 15 things to know before Opening Bell
Any sustainable move above 17,450 levels may cause upside momentum towards 17,500-17,600 levels, says Rajesh Palviya of Axis Securities.
Trade setup for Thursday: Top 15 things to know before Opening Bell
The overall negative chart set-up remains intact and further upside could encounter strong overhead resistance around 17,300-17,400 levels in the next 1-2 sessions, before showing another round of weakness from the highs, says Nagaraj Shetti of HDFC Securities.
