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NIFTY

Good Closing to the week. Light may shine in Muhurat trading.A very good candle to close the week by Nifty on Friday. In general, there is good buying on the Muhurat day. In addition to this markets in US and seems to be closing on a strong footing in US. All this can lead to a bumper Muhurat day session and the following week can also shine with positivity in this festivity adding more glitter to the festival of lights. Resistances on the upper side remain at 19444 (Looks like this resistance can be leapfrogged). Further resistances will be near 19582, 19695 and finally 19860. Supports on the lower side will be near 19316 and 19221. (The zone between 19316 and 19221 is a strong support zone now). Below this level 19078 and 18873 will be the final supports.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty consolidating below 50 days EMA. Nifty is consolidating below 50 days EMA. Also note that 50 days EMA is the Mother line so the stock price below the same indicates that 50 EMA is a resistance(To Know what is Mother Father Small Child Theory contact us). Once this resistance is crossed the next resistances for Nifty will be at 19695, 19860, 20047 and finally 20215. Crossing and closing above 20215 will open the gates for Long Term Target or 21000 or by next Diwali even 22000. The supports on the lower side for Nifty remain at 19294, 19075, 18863 and finally 18663. Below 18663 Nifty becomes weak and Bears take control of the same.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23 Nifty closed at 19230 (19047 )and touched low & high of 18294 and 19274 RSI and stochastics levels recovering from oversold zone . Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced back a little to 19230. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash. Nifty was holding the inclined trend support provided at 18800 levels last week. Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks. Support between 18427 ( Fib 0.5 Resistance) & 18800 Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated. Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range. Nifty Medium Term & long Term - Nifty need to cross 19500 and need to break the resistance shown above to move to 19800/2000. below 18427 support, the next supports are at 18274/18000 Resistance 20000/ 20200 ( Prev. HIgh)/ 20500 Oct 23 & NOv-23 Comment : There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$. Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey. As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening). Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path. This also will lead to high volatality in coming weeks.
NSE:NIFTY
by karthikss
Nifty (Market Outlook) (Diwali to Diwali Outlook)Nifty will continue to consolidate but remain bullish in the coming 12 months the range in which we expect Nifty to remain till next Diwali will be 18800 to 22000. Worst case scenario seems to be 17800 and the best case scenario seems to be Nifty going towards 22K. Midcap will remain bullish if FII inflow continues and Large caps are also expected to grow decently between 7 to 15%. Large caps will be a safer bet for conservative investors as volatility will be expected. Volatility is expected in the index as it is an election year and unresolved global issues are still trying to play a role however, India should remain rising and shining star of global economy.
NSE:NIFTYLong
by Happy_Candles_Investment