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NIFTY

Nifty closing above 22200 is a good psychological win of BullsDespite giving a red candle and negative closing of Nifty after making a new high of 22297.5 the closing the week above 22200 is a good psychological win of Bulls. This indicates that the rally has not lost steam. Profit booking was seen in a lot of scripts which brought the index down however the psychological level of 22200 was not broken. The supports for Nifty are at 22002, 21882, 21596 to 21547 is a very strong support zone for Nifty now. The resistances on the upper side for Nifty are at 22249 and 22297. The channel top currently seems to be near 22514.
NSE:NIFTYLong
by Happy_Candles_Investment
Bulls fightback after bears had engulfed previous day's candle.What we saw today in Nifty was a remarkable fight back by bulls after bears had yesterday made an engulfing of previous Two days candled. Not only that the Nifty ended at 22217 recovering from day's low of 21875 which is a strong 342 point recovery from day's lows. Yesterday there was a bearish engulfing but what we had maintained is that today's candle has to close below the lows of yesterday. This means a follow up candle is required to confirm a break out or a break down. That is why we put a lot of emphasis on CLOSING and FOLLOW UP CANDLE. . Nifty has first time given a closing above 22200 today and it is very important for the bulls to close the week tomorrow above this psychological level. Future resistances for Nifty are at: 22252, 22350 and 22412. Support Levels for Nifty are near: 21997, 21876 and 21520.
NSE:NIFTY
by Happy_Candles_Investment
Bearish Engulfing Candle may take Nifty down.Bearish Engulfing Candle engulfed previous two Green Candle in Nifty chart today and may take Nifty down bringing in some consolidation and correction if we get a confirmation red candle tomorrow. If we get a closing below 21997 tomorrow bears may rejoice. The supports for Nifty in case of negative closing tomorrow will be at 21997, 21793, The zone between 21573 and 21410 has many supports including 50 days EMA and Mid-channel support. A closing below 21410 will elevate the mood of bears who will try to pull Nifty further down to next support levels of 21148 and 20770. In case 20770 is broken 200 days support of Nifty will be near 20114. On the upper side 22449 will remain an important resistance. Channel top seems to be near 23K but Nifty will need a lot of consolidation and little bit of correction before we can reach there.
NSE:NIFTY
by Happy_Candles_Investment
Nifty closed above important Fibonacci level looks good.A good closing today in Nifty above important Fibonacci level of 22126. Now the next important Fibonacci resistances will be 22288 and 22495. Supports for Nifty will be 21999, 21828 and 21671. As of now Nifty seems to be making a higher high higher low kind of pattern and today seems to have given a good breakout but good follow up candle is pending. If we can get that a good follow up green candle tomorrow or later in the week if there is consolidation it will be very good signal for the bull rally and indicate that bull rally has not run out of steam and will continue further. IT/Auto/Mid/Small cap/ PSU/Pharma stocks are showing signs of fatigue but Bank Nifty, Finance, Energy, Media and Realty stocks kept the Nifty in Green today and helped it march ahead.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY 50 Analysis For Feb 20th!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 20th, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 3 Imbalance Zones! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue And Red Arrow Path Showing The Direction of The NIFTY 50 For Tomorrow. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24 Nifty closed at 22040 (Last week 21540) and touched low & high of 21629 & 22068 RSI and stochastics levels reduced this week(58% & 87% Respectively). Stochastics is in overbought zone. Huge volatility was seen last week within the topmost resistance and bottom most support last week. Market was exactly trading within this trend line resistance and trendline support provided. Market need to decisively close above all time high 22117 and 22157 (Fib Resistance). Earlier 30% profit booking was suggested (except Bank & IT stocks). Partial Booking can be considered for further 5-10% in Mid & Small Cap (Stocks/ Mutual Funds) wherever valuation are high. There is no worry on Good Valued Stocks which can be kept for Long Term. This cash will be useful to buy when during the fall. Nifty IT 38477 (Prev Week 37699) -To continue hold. Nifty IT touched new high of 38477 in this week. Major support at 34918 /34000. Target can be 40000. Nifty bank 46554 ( Prev Week 45634 ) -To continue hold. Nifty Bank touched 46695 high last week. Purchase on dips was suggested. Nifty Bank moved from 44673 to 46695. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Refer to detailed comments in the bottom. Nifty 22040- Short Term ( Neutral ) All time high 22136 will be a key resistance. Market could not surpass it decisively. Hence bearish sideways movement expected for some more weeks. Resistances are at 22000, 22117, 22136 ( All time high),22150 Support - 21430 (Fib Support & MA 50 Support), 20877 Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term - Can buy at 20800 -21000 level in case of dip for a short run up. Target Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22500 to 18800 expected till mid of 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments (19-Feb-24) : Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
Proper Breakout and Retest done.Nifty Today broke out from the shackles of the trendline resistance. further Nifty alos re-tested the resistance and gave a positive closing making the shadow of candle for tomorrow positive. 21955 is the final resistance remaining before Nifty cracks 22K again. 21794 and 21870 were the supports that were tested today. Once 21954 is crossed further resistances will be near 22013 and 22062. Supports on the lower side remain at 21870, 21795, 21776 (50 Hours EMA), 21663 and 21643. Nifty might start positive but little bit of Profit booking might come towards the later parts of the day.
NSE:NIFTYLong
by Happy_Candles_Investment
Major up move in Nifty, a good closing above major resistance.Today we saw a major fightback by bulls and closing above 2 major resistances which were 50 and 200 Hours EMA after a super negative start(Gap down due to unfavorable US Inflation data). The closing however is just below a resistance of 21872. A positive closing again tomorrow will give more power to the bulls. Shadow of the candles today is positive. Nifty Resistance Levels: 21872, 21922, 21970 and 22013. Nifty Support levels: 21787, 21739, 21633 and finally 21625(Major 200 hours EMA and Mid-channel Support).
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY DAILY - 14/2/2024Indian index opens with gap down with huge selling pressure due to bad inflation data from US and bears took nifty to the low of the day that is 21530. Afterwards bulls took the charge and started filling the gap and made high of the day that is 21870. Index has formed large green candle with upper and lower shadows. Index has taken support at 50 level on RSI. 21912 will work as resistance level & 21632 will work as support level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23