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NIFTY

NIFTY Doing exactly what is expected from it.The Nifty 50 Index (NIFTY) continues to offer us some of the most effective trading opportunities as it continues to replicated the 2023 price action. Last time (June 13, see chart below), it broke as we expected above its Megaphone (imitating the December 04 2023 bullish break-out) and hit our 24650 Target, making a symmetrical +15.67% rise: This time we are presented with another buy opportunity as following the recent drop, the index managed to find Support on the 1D MA50 (blue trend-line), exactly at the bottom of the short-term Megaphone. This is another remarkable symmetric structure with the January 24 Low. On top of that, the 1D RSI rebounded on its 5-month Support Zone. That Jan 24 low initiated a slow rise that completed a +6.64% uptrend before the 1D MA50 broke. As a result, we consider this a strong medium-term buy opportunity, with a 25500 Target (+6.64%). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTYLong
by TradingShot
1
Mother line yet again supports and zone 24340 to 24382 resists.Mother line yet again comes to rescue of Nifty after the zone between 24340 and 24382 stops the growth of Nifty yet again. Once this zone is crossed only then Bulls can breath easily. Trend line resistance has also come into effect with absolutely no room for Nifty to go. So there should be a breakout in Nifty in either direction tomorrow. Shadows of the candles are green and positive due to the mother line support at 23983. So hopefully the breakout should be on the positive side. Resistance levels 24340, 24382, 24584 and 24714. The supports on the lower side are 24075, 23983 and 23673.
NSE:NIFTYLong
by Happy_Candles_Investment
India's Nifty 50: A Rising Star in a Geopolitical StormIn 2023, the Indian stock market, represented by the Nifty 50 index, has emerged as a standout performer. Outpacing its U.S. counterpart, the S&P 500, by a significant margin, the Nifty 50 has captured the attention of global investors. Several factors converge to explain this impressive performance, with geopolitical tensions playing a pivotal role. The Great Manufacturing Shift: India as a Prime Beneficiary One of the most compelling narratives driving India's economic ascent is the global shift in manufacturing. As the world grapples with heightened geopolitical risks, particularly the escalating tensions between the United States and China, businesses are seeking to diversify their supply chains. India, with its vast market, skilled workforce, and government's "Make in India" initiative, has emerged as a compelling alternative to China for many multinational corporations. Diversification of Supply Chains: Companies like Apple and Google are actively exploring manufacturing operations in India to reduce their reliance on China. This trend extends to various sectors, including pharmaceuticals, automobiles, and textiles. Government Support: India's government has proactively created a conducive business environment through infrastructure development, tax incentives, and ease of doing business reforms. These efforts have boosted investor confidence and accelerated the country's industrialization process. India's Economic Characteristics and Domestic Consumption India's strong domestic consumption and the rise in manufacturing are major factors in the country's economic expansion. The demand for goods and services is increasing due to the growing middle class and increased disposable incomes. The approach of consumption-led growth enhances the resilience of the Indian economy by acting as a buffer against external shocks. India's economy boasts several key characteristics: Rapid Growth: India has consistently been one of the fastest-growing major economies globally. Large Domestic Market: With a population of over 1.4 billion, India offers a vast consumer base, driving domestic consumption. Young Population: A large and young workforce provides a demographic dividend, fueling economic potential. IT and Services Dominance: The IT and services sector is a major contributor to India's GDP, with companies excelling in software development, outsourcing, and business process management. Agricultural Importance: Agriculture remains a crucial sector, employing a significant portion of the population, although its contribution to GDP is declining. Challenges and Opportunities While India's economic trajectory is promising, it faces challenges such as: Infrastructure Gaps: Improving infrastructure, including transportation, energy, and digital connectivity, is essential for sustained growth. Poverty and Inequality: Addressing poverty and reducing income inequality remains a priority. Education and Skill Development: Investing in education and skill development is crucial to enhancing human capital. Environmental Concerns: One of the main challenges is balancing environmental sustainability with economic growth. Despite these challenges, India offers immense opportunities for businesses and investors: Large Consumer Market: The growing middle class presents a lucrative market for consumer goods and services. Favorable Government Policies: The government's focus on economic reforms and ease of doing business creates a conducive environment for investment. Digital Transformation: India's rapid adoption of digital technologies presents opportunities in e-commerce, fintech, and digital payments. The Road Ahead While the Nifty 50's performance has been impressive, challenges remain. Inflationary pressures, global economic uncertainties, and the potential impact of a prolonged geopolitical standoff could pose risks. However, India's demographic dividend, its digital transformation, and its focus on renewable energy offer promising avenues for long-term growth. Continued focus on infrastructure, education, and skill development will be crucial for realizing its full potential. In today's complex geopolitical environment, India seems well-placed to take advantage of the opportunities arising from global supply chain disruptions. The performance of the Nifty 50 index reflects India's increasing economic influence and its potential to emerge as a global manufacturing and consumption hub.
NSE:NIFTYLong
by signalmastermind
Good bounce back by Nifty after Mother Line confirms support. Good bounce back by Nifty after Mother Line confirms support. But we are still not out of the woods as there is a resistance zone near high of the today that is 24337 and 24382. (This is the resistance created by the gap down opening on 5th August. The starting and ending point of Such massive gaps always acts as a resistance zone while going up. The best way to cross this resistance will be a gap up opening. 24483 is another point which was the starting of this gap which will also act as a resistance on the way up. Once that is crossed we can look forward to reaching the next resistance levels of 24584 and 24714. Supports on the lower side for Nifty are at 24183, 24075 and 23978 (Mother Line 50 day's EMA). Below this level only two supports remaining will be 23912 and 23673. We can again be in this unlikely zone as of now only if there is some major bad news overnight otherwise shadow of the candles is looking positive. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Mother line again came to rescue Nifty but can it hold?Mother line or 50 days EMA again comes to rescue of Nifty today. There was a huge selling pressure when the Nifty reached day's high that is 24382. Market has closed at 23992 and the 50 days EMA is at 23965. As of now 50 days EMA is respected but the mood seems to be sell on rise so the support is becoming weaker. If 50 days EMA or Mother line is broken on closing during the reminder of the week. There can be increased pressure on Bulls as Bears will try to explore further supports. Supports for Nifty as of now seem to be at 23965 (Important Mother line support 50 day's EMA), 23673 and 23362. The zone between 22788 and 22259 is very important as of now. 22259 is 200 day's EMA or father line support, 22641 is the channel bottom support and 22788 is an important support of bottom of the big candle formed on 7th June. Resistance for Nifty remain at zone between 22214 and today's high of 22384. If you want to know more about Mother father and small child story and how 50 and 200 day's EMA play the role of mother and father you need to read the book The Happy Candles Way to wealth creation written by me and available on Amazon in Kindle and Paperback version. This will be a big resistance to cross as above it is gap formed by gap down opening of 5th August. If this gap is crossed the next resistance will be at 24714. Shadow of the candles is red still. RSI 40 and Mother line saved the day today let us see if these levels can hold. If these levels are held upside is possible. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Index View [Expiry: 08-08-2024]After a notable expiry week characterized by significant activity, the current Nifty expiry week commenced under less favorable conditions. This analysis explores the Nifty Index from both the expiry candle and options technical perspective to provide a comprehensive view of the market dynamics. Expiry Candle Analysis: This week's expiry candle started at the pivot point but closed below it, suggesting an initial bearish momentum. If the downtrend continue, the next support could be expected around 24,575, which aligns with S1 of the expiry pivot. Further decline might test the S2 at 24,415 - a pivotal level as it also corresponds to last week's expiry low. In terms of resistance, Pivot, TC (Top Central), and BC (Bottom Central) could serve as key barriers in the short term. The analysis leverages Fibonacci pivot calculations based on the expiry OHLC (Open, High, Low, Close) data. Historically, a relatively quiet week often follows a highly active expiry week. Given this pattern, the current week might lean towards a neutral or slightly negative close, echoing the subdued sentiment post-high volatility periods. Options Analysis: Instead of focusing on volume or open interest, this review emphasizes a technical assessment of the options chain. Technical ratings added to the monthly expiry options reveal that: Call Options: Moving Averages are indicating a strong sell signal, with Oscillators showing a mix of neutral and sell signals, suggesting bearish expectations. Put Options: Moving Averages are mostly neutral while Oscillators are leaning towards buy signals, indicating some expectation of upward price movements yet underscored by caution. Near Term Options Outlook(Current Expiry): Call Side: Signals are overwhelmingly negative, pointing towards bearish market expectations. Put Side: Presents mixed signals, which could imply uncertainty or a potential for slight recovery, but the overall sentiment remains cautiously pessimistic. Conclusion: Both the expiry candle and technical indicators from the options chain suggest a market leaning towards a neutral to negative closure for the current expiry period. Traders should consider integrating additional data and analyses to corroborate these findings and refine their market strategies.
NSE:NIFTY
by tanayroy
5
Mother Line comes to rescue for the Nifty today but can it hold?Mother Line or the 50 days EMA comes to rescue for the Nifty today but can it hold? It looks little difficult due to the global Bear onslaught. In such situations we know from the Father, Mother and the small Child story that mostly Father line of 200 days EMA can provide proper support. However before we reach there and not necessarily we reach there as there are some important supports for Nifty. The other supports for Nifty from where it can potentially make a turnaround seem to be at: 23963 (Mother Line provides support again / Support confirmation), 23673 is the mid channel support, 22788 to 22641 is also a good support zone. Below 22641 we have Father line support at 22242. Final support for Nifty is 21879. Resistances on the upper side are now at 24214, 24342 and 24714. Shadow of the candles are still dark red. To know more about the father, mother and small child story read my book The Happy Candles Way to wealth creation available on Amazon in Paperback and E-book version. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NIfty Analysis support and resistence1. Nifty 50 Index Overview: - The Nifty 50 Index represents the top 50 stocks by market capitalization on the National Stock Exchange of India (NSE). It covers 13 sectors of the Indian economy and serves as a benchmark for fund portfolios and index funds. - As of the most recent data, the Nifty 50 has been performing well, with a year-to-date gain of 14.31% and a 1-year return of 26.33%. 2. Recent Market Movements: - On July 23, 2024, after the Union Budget presentation, the Nifty experienced a slight retraction. - However, on July 26, 2024, it rebounded and reached an all-time high of 24,861 points. - This raises questions about its next move. 3. Concerns and Analysis: - The closing at 24,055 points (lower than the previous close on July 23) indicates potential weakness. - Significant volume and increasing volatility suggest heightened market activity. - Such conditions can be risky for investors, as sudden swings may lead to losses. 4. Cautionary Note: - Traders and investors should closely monitor the Nifty 50 chart and consider risk management strategies. - While the market has shown strength, caution is warranted due to the volatile environment. Remember, market predictions are complex, and various factors influence them. Always consult with a financial advisor before making investment decisions. 📈📉
NSE:NIFTY
by mittalanugrahit
Nifty Short, Medium & Long Term view 05-Aug-24 to 9-Aug-24Nifty Short, Medium & Long Term view 05-Aug-24 to 9-Aug-24 Nifty closed at 24717 ( 2 weeks before 24509) and touched low & high of 24094-25082 ( all time High) in a span of 2 weeks. World Market Outlook, sudden drop in US market especially in Tech Stocks, Europe and Asian market lead to impact Nifty. Volatility to continue till fed rate reduction (expected in Sep 24), US Presidential election till Oct end/ Nov 24. RSI and stochastics levels was marginally down last week (61 % & 66% Respectively). Stochastic dropped to 66% from 90%. Caution was emphasized on Nifty for the past 1-1.5 month as nifty PE is in record high level with high valuation and very less potential to grow further. Strong tax imposition on speculative STCG, increase in tax for LTCG and removal of Indexation benefits for Properties and Gold will have impact on such investments, Loans and the demand. Which may affect the Bank Loans. Also With scrap in Indexation benefit illegal cash handling will raise. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% ( i.e Nifty 22800 level) which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Market have high potential to touch Psychological 25000 Mark/ 25200 ( Fib Resistance)/ 25500 ( Fib Resistance). Nifty 24717- Short term (Neutral to Down) Nifty short term resistance 25075 ( New Peak) and 25224. Support around 23740. Medium Term 25224( Fib Resistance), 25542 ( Fib Resistance) which is % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line Medium term Support - 22800 /22300 Long Term (1-3 years) Nifty have strong resistance at 27000 ( Fibonacci Resistance). If market close above 25580 decisively. Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Nifty bank 51350 (2 weeks before 52296 )- Index went upto 53400 ( Resistance) and came down as proposed from 47250 level nifty bank jumped more than 10%. Caution was emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone. Advised to consider to book partial profits in Nifty Bank on every rise. Investment decision in Nifty bank, bank stocks helped in portfolio. Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Tanla & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. Nifty IT 39730 ( 2 weeks before 39251), indices broke the Major support at 33350 and went down upto 32420. Currently Nifty up and crossed resistance 41300. Muted results with meeting the market expectaion driven the index to bounce back. However Caution to be empahsised as US Economy still in bad condition and awaiting for rate cut.
NSE:NIFTYShort
by karthikss
GAIL: This is why People lose moneyThis is one important case study as to why investors lose money in the stock market. Now if you look at the chart, Here is what you see: 1. 32 Months of pure range-bound consolidation 2. Clearly defined support and resistance zones 3. Five months of consolidation at the resistance zone 4. A beautiful high-volume breakout followed by a retest. 5. This is one textbook setup for a long trade So, We should go long here, right? If I zoom out of the chart, Here is what you will see. - We have a strong resistance zone sitting just above the breakout level. - The price took a strong rejection from the exact resistance zone. Also, Observe the volatile consolidation zone that lasted almost 2 Years. That volatile zone may not be passed through in one instant. What we investors do is draw conclusions based on partial data and predict the price action that is yet to come. What we fail to do is observe the previous price action in its entirety. Does that mean that GAIL will not rise in value, Absolutely not. It just means that the uncertainty it has on the charts for a mere 10% gain ( breakout to ATH Distance) is super high. The market is full of opportunities. Why invest in something that already has a foreseeable red flag? If you liked the read, Would you give us a boost and a follow for our efforts? Have Requests, Questions, or Suggestions? Let us know in the comments below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:GAILEducation
by TheChartereds
16
Major Global Events unfolding. Be Alert!Major Global Event 1): Conflict in the Middle East is heating up with possibility of direct conflict between Iran and Israel increasing by every hour. Major Global Event 2): Japan has increased the interest rate by 0.25%. This is just the second hike in 17 years. Now US FED increases or decreases rates to control and Monitor inflation this happens and it has global consequences. Similarly Bank of Japan's move is huge. The money that Japanese investors were investing (And Japan has big investors) was almost at 0 to negligible interest rate. Now there is a possibility that they sell big across the globe. Consequences on Indian Market: India is in much better position to tackle these events economically but still we can not be immune to such events of mass scale. There is a very big chance of temporary effect on Indian indices. Over the long run these uncertainties will have less effect. In the medium to long run India is a bull market and will remain so. Panic selling should be avoided but keep your stop losses in place to protect the capital. Keep Trailing stop losses in place to guard your profits. Cash and money in hand is also a good position sometimes in the market. Nifty Supports Remain at: 24407, 23960 is the 50 Days EMA or mother line, 23283 and 22224 is the 200 days EMA or Father line. Below this line Bears can absolutely over power Bulls. Final Support For Nifty will be at 21879. Nifty Resistances remain at: 24904, 25037 and recent high of 25078. This message is not to instill fear or knee jerk reaction but it aims to make you conscious about the Macro events that can affect your portfolio. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
As mentioned yesterday Profit Booking was seen post new High. As we had discussed in yesterday's message after making a new high of 25078 there was strong profit booking in many stocks specially Mid, Small and Micro caps. Market breadth turned negative with 784 advances Vs 1588 declines. This is a natural phenomenon and we cant surely say how long the profit booking can go on. Nifty actually did well to close above 25K at 25010. 25037 was mentioned as a strong resistnace. Nifty momentarily went above it but could not sustain the levels. Nifty made a low of 24956 and bounced back. We had again indicated that 24957 was a good support. (yesterday's Message). Same level is the key as Nifty can again try to confirm it's bottom for consolidation. In case 24957 is it's temporary bottom Nifty can rise further and again take an aim at closing above previous high of 25078. Supports for Nifty remain at 24957, 24887 and the zone between 24833 and 24806(Mother line). If we get a closing below 24806, 24773 or 24661 might come in play. Resistances for Nifty remain at 25037, 25078 and 25116. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Good Positive move by Nifty today trying to clear deck for 25K.Good Positive move by Nifty today trying to clear deck for 25K. Nifty right now is in no mood to stop but traders and investors should be very clear with the stop losses and Trailing stop losses as we have seen that when a new Peak or significant Psychological target is achieved there can be a bout of profit booking. Nifty may again dive downwards to find and confirm it's significant support. Investors should keep this in mind. Supports For Nifty right now seem to be near: 24942, 24887, 24833, 24773, 24741 (Very important Mother Line Support of 50 hour's EMA), below Mother line we have mid channel support at 24661. Below 24661 bears can awaken from coma and have potential drag the nifty till 24496 or even 24375. The final support zone for Nifty is between Father line (200 Hour's EMA) at 24282 and Channel bottom near 24250. Below 24250 can be pure bear territory. Resistances for Nifty remain at: Zone near previous high between 24985 to 24999 crossing which the next resistance will be near 25037. If we get a closing above 25037 Nifty can reach 25116. Major trend top as well as channel top seems to be between 25174 to 25200 range. Trade and invest with caution. Stoplosses are our friends which protect our capital. Trailing stop losses are our best friends which protect our Profits. To know more about Mother Father line and their significance and to learn Techno Funda analysis we recommend you read the book The Happy Candles Way. Which is available on Amazon on paperback version. Kindle version of the same book is also available on Amazon Kindle. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment