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Soft Landing of Nifty after Karnataka Election Results. Nifty made a soft landing after Karnataka Election results. Despite Global markets performing well Nifty had a subdued week. After starting the week well, the rally simply could not sustain the upper levels and continued to slide. Bollinger Band and Daily chart technical analysis shows Friday low of 18060 and 18107.5 as strong support for Spot Nifty. Below these levels if 18060 broken Nifty can slide further to 17873 and 17636. The zone between 17636 and 17675 is strong support buffer zone. Resistance on the upper side will be at 18293, 18458 and 18539.
NSE:NIFTYLong
by Happy_Candles_Investment
Panic selling on Friday but Nifty closed above critical support.Market Outlook For The Next Week: It was a volatile week which saw ups and downs. Downs mainly due to huge sell off in HDFC Twins due to the rebalancing news of MSCI Index. The fall also cooled down RSI which has come down substantially. Closing of Nifty well above critical support level of 18029 shows that strength still might be left in NIFTY to rally again a bit further next week. Support and Resistance levels for Nifty for Next week are under. Nifty Support Levels: 18055, 18029, 17936 and finally 17843. Nifty Resistance levels: 18172, 18216, 18268 and finally 18425.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty at a critical support. 50 and 200 days EMA have been providing a critical support to Nifty all throughout the week. 50 and 200 days EMA stand at 17544 and 17530 respectively. This zone has provided support to the Nifty almost on all days of the week proving that it is the most critical support. If this support is broken Next support for Nifty will be only at 17406 and further down at 17204 levels. However if Nifty is assured of its support the chances are that it can rise from here. The resistances that it can meet on the way up are near 17805, 17869, 18092 and 18261 levels.
NSE:NIFTYLong
by Happy_Candles_Investment
Spot Nifty At A Critical Juncture.Market Outlook The Nifty is poised at a cross road and a critical resistance. Either it can defy the resistance and continue rising further or it can consolidate a bit in the range of 100/ 200 points on either side and consolidate it’s position. Nifty consolidating first and then rallying further will be more logical but Stock market is not the place which obeys reasoning and logic most of the times. Either it becomes too worried or it becomes too fearless and greedy. We investors try to find equilibrium and rationale in the place which often defies laws of consistency in the short term. In the long term everything works fine and falls in a deserving place. Spot Nifty Resistance Zones: 17851, 18004, 18126 and 18267. Spot Nifty Support Zones: 17780, 17713, 17532(Strong Short Term Support), 17311(Final Short Term Support).
NSE:NIFTYLong
by Happy_Candles_Investment
How much more Fizz left in the rally? The main question that is springing in every mind is that how much more Fizz is left in the rally? Is it a genuine back to bull market rally or should we consider it a relief rally only? We will know only if the critical resistance are crossed in the coming week/weeks. Nifty Critical Resistances: 17639, 17720, 17804 (Major Resistance) ,18066, 18136, 18207 and finally 18292 (Major Resistance) . Nifty Critical Support Zones: 17515, 17482, 17402, 17309 and finally 17210.
NSE:NIFTYLong
by Happy_Candles_Investment
Market Outlook for 3rd to 7th April 2023. After consolidating for about 2 weeks Nifty Finally had a shackle breaking close to the week and month in the last couple of days where momentum totally changed and both FIIs and DIIs turned buyers simultaneously. While the closing of Nifty is good, a major resistance zone of 50 and 200 days EMA between 17478 and 17515 is there to be crossed. If this zone is crossed there will be another major resistance near 17618 which will be tough to cross. If we are able to cross 17618 Nifty will face a trend line channel top resistance near 17817. Bulls can be in full control only after these zones are crossed. Supports on the lower side now remain at 17300, 17204 and 17080. Let us hope that bulls can carry the momentum through to the next month and next financial year.
NSE:NIFTYLong
by Happy_Candles_Investment
BTC Outlook 2023 - 2027BTC Outlook 2023-2027 (Revised) I think its almost confirmed with high confidence that this rally is bear market rally, not a rally of a new cycle that ends the BTC bear market. 25k is already its highest peak, it will going sideway for a while before resuming the drawdown to a lower level. Q1 2023 is one month left before it ends. This rally is the corrective move of wave 4 of the 4th cycle ABC move. After we have the truncated bull market of 2021, now we also have a truncated bear market. Its a textbook Elliot Wave cycle but its just not the ideal one. But it is the ideal one to model the current cycle. We can see that the peak of the current rally has touch multiple important moving averages. That's it, the unbreakable wall of the rally. Next move we will see again another massive drawdown, the wave 5, the last wave of the ABC move. My prediction is that BTC will be asking for a major support between 12-14k liquidity area, touching 1M 100 SMA and 50% of Fibonacci retracement level, and surely a weekly bullish divergence will be formed, and that would be the best time to buy before a new cycle started. Approximately the bottom will be formed around Q2-Q3 of 2023, but I think Q3 is preferable considering the macroeconomic condition. The identification of almost-confirmed-with-high-confidence wave 4 of ABC move also stating that the current cycle has been going a time period of more than 4 years tradition and still counting due to a longer bear market. The first time that BTC breaking this tradition after going 3 Elliot Wave cycles and 3 halvings. For the next cycle, we will have the first wave peaking between 32-37k, the 3rd wave peaking at around 2021 ATH and for the 5th wave, the blow off top will be around 130-170k. Let see if this post will age really well in the coming years.
INDEX:BTCUSD
by derahmanov
Nifty ends the week just under mid channel resistance. Some commentators in US are reflecting that during the FOMC in March 2023 can see US Fed hike rate by 50 bps. This move is anticipated based on US Inflation numbers which where worse than expected. Also there are some questions being asked about recovery of certain sectors in China which is still to come out fully from the COVID-19 grip. These two news items in general and US related news in particular purged the momentum Nifty was gaining since beginning of the week and we saw the index nosedive a bit on Friday. Nifty Supports remain at: 17913 (Major support), 17885, 17794, 17651 and finally 17353. Nifty Resistances remain at: 17976, 18031, 18134, 18181 and finally there will be a major resistance at 18269. Long Positions should be taken only after closing above 18269.
NSE:NIFTY
by Happy_Candles_Investment
50 and 200 Hours EMA proving to be major hurdles for Nifty. We have been seeing from 25th January 2023 that both 50 and 200 Hours EMA are not allowing Nifty to settle above it. Even if Nifty crosses below immediately. Currently the Nifty is below both 50 and 200 EMAs at 17770.9 indicating immense weakness and lack of confidence of retail investors. FIIs are also on the selling side. Only saving grace has been DIIs stepping in on every major fall to save the index. Nifty Supports : 17720, 17650, 17494 and finally 17352. 17352 is a critical level below which bears will be dominating the market. Nifty Resistances : Nifty has to overcome lot of resistance before we can see proper Bull Run in the market. Resistances on hourly chart are at 17794, 17893, 17916, 17975, 18113, 18202 and finally 18264. Bulls can take control of the market only after we have a weekly closing above 18264.
NSE:NIFTY
by Happy_Candles_Investment
Short-term up with range later in 2023Why market is entering into short-term bullishness again and latter uncertainty or range? We will do both technical and fundamental analysis in this video tutorial, and we will see how both analyses can affirm each other. Content: . Why market is entering into a short-term bullishness? (Fundamental & Technical studies) . Subsequently the market will enter into a range (Fundamental & Technical studies) CME Micro Nasdaq Futures Minimum fluctuation 0.25 = $0.50 1 = $2 10 = $20 100 = $200 1000 = $2,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:NQ1!Long
by konhow
11
BTC Outlook 2023-2025Fresh new data and more information of significant factors brings me to a new deliberate prediction. The corrective wave that we are in is not a usual corrective wave. It could make twice as long as the two previous corrective waves in 2014 and 2018, an ABC move from a larger degree of Elliot Wave (Could be a wave 4 from the whole BTC movement since 2009). Currently we are in a bear market rally that potentially will bring BTC up to 25k, from there the corrective move will continue to the bottom which potentially at 8k in early 2024. I still believe potential Fed pivot will be around Q4 2023-Q1 2024 and inflation at that time will probably sits around 2-3%. 3% is good enough to restart the Quantitative Easing. Due to the longer corrective wave, 4th BTC Halving in Q2 2024 will occur in the 1st wave, not the same with the last three halvings that occured in the 3rd wave. This also means that we are approximately one year away from the beginning of a new bull market that potentially will make BTC going up to 140k or 1600% from 8k. Expect more business entities to collapse, more lay-offs and rising unemployment which also means rising in crime rates. Take care and survive!
INDEX:BTCUSD
by derahmanov
Our 2023 Outlook - S&P500 🔮Happy New Year traders from the team at AlgoBuddy! 🎇 2022 was a big and exciting year for us. We recently released the latest version of AlgoBuddy's flagship indicators; AlgoBuddy Premium 2.0 & AlgoBuddy Momentum, along with an ETH 30m strategy bot. 🔥 Our goal here is to always deliver helpful & actionable tools for traders to add to their trading tool belts. We'll also continue to release more tutorials and trade ideas every single week. Enough about us, let’s dive right in… 2022 was a year to remember for US equities. Bears clearly took control, as we had a strong down trend bear alert early in the year from AlgoBuddy. We had a few bear market rallies that every trader had to navigate through carefully. Managing capital, and not jumping too quick on to the bull train would have allowed you to survive. By end of year 2022, bears couldn't take us below 2021's low as the bulls defended it nicely (~3860). This is a major level that if we test again will likely fail. As of right now and moving forward, it feels that since inflation is still high, and the fed hasn't taken its foot off the breaks on the economy (interest rates), any rally is still a bear market one for me. We will continue to lean into the bear trend as seen on our weekly chart until we receive a bull alert. Even when the bull alert prints I fully expect price to capitulate and test our thick ribbon at least 2x before finding a base to rally. We recently got a divergence bullish signal on our momentum indicator so we will watch closely. I must see the fed step in and assist economic growth before I jump onto the bull train, even if I'm late to the party I can live with that. Until then, Algobuddy's S&P 2023 outlook is bearish on the weekly for at least end of Q1 2023. We will trade small on short term longs keeping stops tight, and we will jump easier on our shorter time-frame bear alerts for now until the trend changes. Good luck all, as always reach out to us for any questions/help/support. Happy trading, AlgoBuddy Team
SP:SPX
by QuantVue
4
I could be wrong but..Just an idea, I definitely could be wrong. everybody is talking about a 2023 recession but the sp 500 has closed 3 weeks in a row near the high of the week. Sure its in a range but 3 bullish hammer candles in a row on the weekly chart? there must be some sort of institutional buying at the 3800 level because every time we go there I see a bounce back up. I feel that a possibility that would be the against the crowd is a strong move up on equities. I feel that a move lower is kind of expected, its the consensus and as we know the market moves against the crowd most of the time. I do believe we are heading lower at some point this year but keep you guard up for a strong move up to flush out the shorts followed by a move down when its least expected. from a trading perspective I will only be bullish above 4100. i feel the likely scenario is a pop to 4050 followed by a strong move down let me know your thoughts in the comments below I do respond to all comments. have a fantastic weekend :)
PEPPERSTONE:US500
by Kyle_Campbell
Trading Series – The ManagementMost of us will spend about 90% of our time thinking of what to buy and at what price we should get in. In fact, that is only 10% of work done. Focus on this scenario instead - “After getting into a position, how are we going to manage it with either a calculated loss when market go against us or how should we take profits when market perform better than our expectation? As usual we will do a few case studies on how I manage my positions for this year. Today’s content: 1. 90% of us – Spending too much time on “Getting in” 2. Steps to manage our trades after an entry? If you have been following, today’s is the 7th tutorial in our Trading Series: 1. “The buy strategy” 2. “The sell strategy” 3. “Developing long & short-term view” 4. “Choosing between the time frame” 5. “The entry” 6. “The exit” 7. “The management” Example 1 Micro E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $0.50 1 point = $2 10 points = $20 100 points = $200 1,000 points = $2,000 Example 2 E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $5 1 point = $20 10 points = $200 100 points = $2,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:MNQ1!Short
by konhow
"Biting Point" Signal in Every Turn for 2022Stay-tune for the video version shortly, we will do more in-depth study. Micro E-Mini Nasdaq Futures Minimum fluctuation 0.25 point = $0.5 1 point = $2 10 points = $20 100 points = $200 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com I hope this tutorial will be helpful, in enabling you to read into the market with greater clarity.
CME_MINI:MNQ1!Short
by konhow
1
NIFTY and it's nearby Supports. Markets Plummeted after US Federal Reserves increased interest rates by 50 bps and further announced more tightening till inflation falls to 2% in US. More than 50 bps hike it was this Hawkish posture that led to meltdown in global indices. Although India looks like one of the brightest glowing stars globally both on Micro and Macro levels, we cannot totally alienate ourselves from global impact. There are multiple supports for Nifty in the nearby zone. We hope that Nifty will take support there. If not, we will see further bloodbath. Silver line to the cloud is that there are chances of Nifty finding support in the coming week. Important Supports : 18253, 18207 and 18128. (Consider 18128 major support closing below which Bears take total control). Important Resistances : 18363, 18389, 18446 and finally 18507. (Closing above 18507 Bulls will be back in action).
NSE:NIFTY
by Happy_Candles_Investment
Short-term trading beat long-termWhy short-term trading into the US market beats the long-term investing in the year 2023? As much as the Fed wanted to dial down the interest hike for the rest of the coming meetings, but they have limited control. It all depends on the forthcoming data, especially the CPI and the employment numbers. If these data continue to have a higher number, the Fed may not have a choice, but to resume back to its massive rate hike. There are 4 types of investor or traders, they are: 1. Long term investor 2. Short term investor 3. Short term trader 4. Intra-day trader Greater volatility is expected in 2023 and why the 2,3, and 4 may works better in 2023. This is what we will be discussing today: Content: • Investing types & its time-frame • Short-term trading strategy CME Micro E-Mini S&P Futures Minimum fluctuation 0.25 point = $1.25 1 point = $5 10 points = $50 100 points = $100 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:MES1!Short
by konhow
2
NIFTY Outlook / Market Outlook 05th Dec to 9th Dec 2022Markets after making new high is looking for consolidation and support from where they can further launch ahead. US FED softening their stand on rate hike gave wings to global market but Jobs data from US and below expectation number of Indian GDP weakened the Bull run and turned the market negative. Another reason was profit booking by FIIs and other institutions. Important supports and resistance for Nifty at this stage are: Important Resistances: 18887 to 18904 and 19590. Important Supports: 18604, 18360, 17908 and finally 17673 (Major Medium Term Support).
NSE:NIFTYLong
by Happy_Candles_Investment
$SPX (S&P 500) – (Net High/Low +88)$SPX staged an aggressive rally of +6.16% after better-than expected CPI data, rebounding off its 10/20-day moving average, The huge gains were a manifestation of pent-up hope that inflation has peaked and that the ultra-aggressive nature of the Fed's policy approach has also peaked. Briefly, total CPI increased 0.4% month-over-month in October while core-CPI, which excludes food and energy, increased 0.3% month-over-month. The monthly changes left total CPI up 7.7% year-over-year, versus 8.2% in September, and core CPI up 6.3% year-over-year, versus 6.6% in September. The key takeaway from the report wasn't singular. It was manifold: (1) The report helped validate the peak inflation view. (2) The report is apt to compel the Fed to take a less aggressive rate-hike approach at the December FOMC meeting. (3) Some encouragement was borne out of the understanding that the shelter index (computed with a lag) contributed more than half of the monthly all items increase, suggesting price increases moderated in many other areas. $SPX currently trades inside a month long uptrend channel, below its medium term downtrend line. The resistance to reclaim for further positivity in the market is at 4,080, the current declining 200-day moving average level. Bull Case: Reclaim above 4,080, the current declining 200-day moving average level. Bear Case: Breakdown of 3,800 level, breaching its rising 10 & 20-day moving average. Next support at 3,700 level.
SP:SPXLong
by jfsrevg
3
NIFTY in medium Term looking Solid. Market got a boost by the better than expected US Inflation numbers. Hoping that Federal Reserve US will either halt or milden their hawkish stance to control inflation Global markets have reacted positively. Indian market was no exception and rallied upwards. FIIs are also buying Indian equity again and Dollar index is getting weaker which can strengthen Indian Rupee. All these events can lead the market further up in the coming weeks. Long Term Target for NIFTY now is 19534. Important Resistances: 18351 and 18604. Important Supports: 18099 and 17872 .
NSE:NIFTYLong
by Happy_Candles_Investment
Market Outlook For the Next Week 17th to 21st Oct 2022NIFTY is swinging wildly on global cues. Inflation, fear of recession and Ukraine Conflict news surrounding the same is making the fluctuation in indices more and more unpredictable. The indices may have similar fluctuations for some more time before the dust settles and things are more clear at Macro level. IMF has decreased the GDP forecast of India fractionally but India still remains at the epicenter of global growth. Nifty was not able to sustain above 200 EMA daily on Friday after setting the circuits on fire which was not a very good news and we may begin the week with some weakness. If we are able to find good support at some point in time the Spot Nifty can rise again otherwise weakness might continue later into the week. Major Resistances : 17244 (Major Resistance 200 days EMA), 17354 and finally 17439. Nifty will be Bullish to a certain extent above 17438) Major Supports : 17081, 16907 (50 days EMA – Important Support) and finally 16755. (Below 16755 there will be lot of weakness and Nifty will slip in the hands of bears).
NSE:NIFTY
by Happy_Candles_Investment