Trade setup for Tuesday: Top 15 things to know before Opening Bell
Any sustainable move above 17,100 levels on the Nifty may cause an upside momentum towards 17,200-17,300 levels, says Rajesh Palviya of Axis Securities.
Trade setup for Monday: Top 15 things to know before Opening Bell
The next lower targets to be watched for Nifty around 16,500 levels in the next couple of weeks. Any pullback rally from here could find strong resistance around 17,200 levels, says Nagaraj Shetti of HDFC Securities.
Trade setup for Friday: Top 15 things to know before Opening Bell
Nagaraj Shetti of HDFC Securities says the overall negative trend of the market remains intact and the present upside bounce could be considered as a pullback rally of a downtrend. Further upside from here to 17,800 levels is expected to be a pullback in the market.
Trade setup for Thursday: Top 15 things to know before Opening Bell
Nagaraj Shetti of HDFC Securities feels the short term trend of Nifty continues to be down and there is no confirmation of any significant bottom reversal at the lows.
Trade setup for Wednesday: Top 15 things to know before Opening Bell
One should use any pullback towards 17,650-17,750 as a selling opportunity with a stop loss of 17,850, says Rajesh Palviya of Axis Securities.
Trade setup for Monday: Top 15 things to know before Opening Bell
The short term trend of Nifty continues to be weak, says Nagaraj Shetti of HDFC Securities. The overall negative chart pattern as per daily and weekly chart shows that the present key support of 17,700 could be broken in the short term, he adds.
Trade setup for Thursday: Top 15 things to know before Opening Bell
If Nifty sustains below 17,900 then it may slip further towards 17,850-17,750 in the near term, while on the higher side 18,050-18,100 are likely to act as stiff resistance for any pullback in near future, says Rajesh Palviya of Axis Securities.
Trade setup for Wednesday: Top 15 things to know before Opening Bell
Any weakness below 17,800 could retest the last swing low of 17,600 levels. As long as the minor positive chart pattern of higher tops and bottoms is intact, there is a hopes of upside bounce from the lows, says Nagaraj Shetti of HDFC Securities.
Trade setup for Tuesday: Top 15 things to know before Opening Bell
The 20-day SMA would act as a trend decider level for the bulls, and above the same, the uptrend formation could continue up to 18,200-18,275 levels, says Shrikant Chouhan of Kotak Securities.
Trade setup for Monday: Top 15 things to know before Opening Bell
If the Nifty goes past and sustains above 18,115, it can open a sharp upmove towards the next hurdle of 18,350, says Nagaraj Shetti of HDFC Securities.
Trade setup for Friday: Top 15 things to know before Opening Bell
One may expect Nifty to show choppy movement with weak bias for the short term. Further weakness from here could slide Nifty down to the important support of 17,600 levels, says Nagaraj Shetti of HDFC Securities.
Trade setup for Thursday: Top 15 things to know before Opening Bell
As long as the lower support of 17,900-17,850 is protected, there is a possibility of another round of upside bounce towards 18,150 in the short term, says Nagaraj Shetti of HDFC Securities.
Trade setup for Wednesday: Top 15 things to know before Opening Bell
The market seems to be reluctant to pick up the upside momentum and is stuck at the hurdle of 18,100 levels, says Nagaraj Shetti of HDFC Securities.
Trade setup for Tuesday: Top 15 things to know before Opening Bell
Upside breakout of the current range at 18,060-18,100 levels could open further upside towards the next resistance of 18,250-18,350 levels in the coming sessions, says Subash Gangadharan of HDFC Securities.
Trade setup for Monday: Top 15 things to know before Opening Bell
We believe 18,050 (20-Day SMA) will act as a strong resistance in the near future, said Karan Pai of GEPL Capital.
Trade setup for Thursday: Top 15 things to know before Opening Bell
The short term trend of Nifty continues to be rangebound with weak bias. A sustainable move above 18,050 levels is expected to open fresh buying enthusiasm in the market, says Nagaraj Shetti of HDFC Securities.
Trade setup for Wednesday: Top 15 things to know before Opening Bell
The underlying trend of Nifty remains positive and the immediate resistance of 18,050 is expected to be taken out on the upside soon, says Nagaraj Shetti of HDFC Securities.
Trade setup for Monday: Top 15 things to know before Opening Bell
The weekly trading set up suggests 17,800 would be the immediate hurdle for Nifty. If it succeeds to trade above the same, we can expect a pullback rally up to 17,920-18,000-18,070, says Shrikant Chouhan of Kotak Securities.
Trade setup for Friday: Top 15 things to know before Opening Bell
Thursday's decisive weakness after a range movement could indicate a sharp reversal of near term uptrend of the market and one may expect further weakness in the coming sessions, says Nagaraj Shetti of HDFC Securities.
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Trade setup for Tuesday: Top 15 things to know before Opening Bell
Having slowed down of downside momentum and placed at the crucial supports, one may expect chances of upside bounce from the lower levels, says Nagaraj Shetti of HDFC Securities.
Trade setup for Friday: Top 15 things to know before Opening Bell
Shrikant Chouhan of Kotak Securities is of the view that the intraday texture of the market is weak and is likely to continue for some time.
Trade setup for Thursday: Top 15 things to know before Opening Bell
Nagaraj Shetti of HDFC Securities says the short term trend of Nifty continues to be negative and there is a possibility of some more weakness in the next 1-2 sessions before showing any convincing upside bounce from the lows.
Trade setup for Wednesday: Top 15 things to know before Opening Bell
For day traders, 18,550-18,600 levels would be the immediate hurdle and below that, the correction wave could continue up to 18,350-18,300, says Shrikant Chouhan of Kotak Securities.
