Get started

NIFTY

Nifty still looking weak. Nifty looks week and it is presenting / Will Present a great opportunity for the long term investors to accumulate gems from bottom. Market is not yet oversold but it starting to look one. Important support levels for Nifty are: 18830, 18333 (likely bottom). If 18333 is broken we might see bears taking complete charge of the market and drag it further down to 17734 or 16818 levels. (Very unlikely but you never say never). Predicting exact top and exact bottom is next to impossible job we can pick probable levels which can at as strong supply zones or comeback zones for spot Nifty.
NSE:NIFTYShort
by Happy_Candles_Investment
Recovery from the big jolt on Monday expected but slowly.As depicted during the weekend a fall was expected. Now recovery from the big jolt on Monday expected but slowly. The supports will be tested again and the recovery might not be as smooth as expected by many investors. As you might have seen FIIs and DIIs were net buyers in the current fall then why the market crashed? Mostly it was due to rush of retail investors who were holding the market. The knee jerk reaction to the Middle East crisis was there to be seen in the market and difficult times might not be over as chances of further escalation is a clear and present danger. Supports For Nifty: 19213, 19029, 18867 and 18826. Resistances For Nifty: 19331, 19477 and 19684.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Market CAP trend forecast until JULY 2024 Current bear market will continue until the end of February 2024. During 2023 possible growth of NIFTY will occur starting mid of November until December in the range between 9327-9650. In December NIFTY will start falling from the area of 9650 down to 8800 (possible extreme bottom of 8653) in the beginning of January 2024. January-February 2024 is the perfect time to buy NIFTY Stocks. End of February 2024 will mark major bullrun in NIFTY until the end of July 2024 in the range of 9327-10609. Possible sideways-upside movement might occur between May and July 2024.
NSE:NIFTY_TOTAL_MKT
by discarding
Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23 Nifty closed at 19751 (19655) and touched low & high of 19483 and 19871. RSI levels and stochastics was near to oversold zone last week end, considering global situation, crude price, Q2 results ( till date) it will test the support level in short term, Q2 results of the balance companies can guide the market. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to below average results. As mentioned before ( past 1 month) book 30% profit in the high valued stocks and be ready with cash. Nifty was holding the inclined trend support provided at 19400 levels last week, same support level was shared for the last three weeks. Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks. Strong Support at Fib resistance at 19320/19445 Also there is a support at 19224 (Previous Low) Resistance at 19840/19990 ( Fibonnoci resistance ) Nifty Medium Term & long Term - As market in overbought zone there will be a correction. Resistance at 20221 ( Prev High ) / 20500 Further to review the Q2 results. To review once Nifty reaches target. Strong Resistance at 18800.
NSE:NIFTY
by karthikss
Nifty Showing signs of Weakness. Nifty is showing signs of weakness major factor being crisis in the Middle East. Few supports on the down side will be tested in the coming week. If the Nifty can take support at any of the support levels given below only then there will be chance of recovery by end of next week or by end of the month. Supports For Nifty: 19489 (Weak support), 19328, 19029 (Strong support), 18822 (Very strong support). Resistances for Nifty: 19602 (Strong Resistance), 19684, 19845.
NSE:NIFTYShort
by Happy_Candles_Investment
The support that Nifty took today will be tested. Nifty took a decisive support today and bounced back closing above 50 days EMA which shows strength in the market, however the support taken by Nifty yesterday 19512 might be tested again today. If that support hold then we may see a positive up move on today or in the coming week. Nifty will remain under pressure throughout the day. situation remains grim due to Middle East crisis. Auto sector looks positive and Chemical sector seems to be forming a bottom. Nifty Supports: 19511 and 19357. Nifty Resistance:19690 and 19898.
NSE:NIFTY
by Happy_Candles_Investment
Middle East Crisis send shivers down investor's spines. Middle East Crisis send shivers down investor's spines. Things are not looking that great as Nifty will probably look for further support levels. It will be a surprise if spot Nifty hold ground and closes above 50 days EMA (Mother line) that is 19604. If 19604 is broken further supports for Nifty can be found at the levels of 19357. Resistance on the upper side will be at 19878. Let us see where Nifty can hold 19357 by end of this week. Only saving grace is DIIs are buying and buying big since last few days against FII selling.
NSE:NIFTYShort
by Happy_Candles_Investment