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Nifty50

Nifty positional making money.Monday intraday<> Mild gap up or flat opening will be good to go longs and resistance should hit first before it takes support once again. Huge gap down will be neglected the view. IMPORTANT-20300-20500 gap will fill before budget or after the budget it may fill depending on financial news. >Just follow the trend you will never be in loss. >Don't predict before closing levels for traps. >Wait for the retest level which will be secure and can avoid huge losses. >Profit bookings according to your capital %. >Don't use indicator on daily basis as stop loss can hit easy.
NSE:NIFTY
by adarshkhatwate
Mid-Channel Resistance again stops Nifty and pushes it down50 hours EMA (Mother line)(Those who know my Mother/Father/Small Child story can understand it very well) was a very important resistance to be crossed and held today but Nifty could not hold on to it after crossing it once. In addition to the 50 EMA there was also Mid-Channel resistance. which could not be crossed. Additionally there is a trend line resistnace, Nifty has to cross this for further growth. There was lack of volume and next week is a 3 day week so lot of traders/investors did not carry long positions. The support and resistance zones remain at: Support Zone : 21539, 21430(Very important 200 hours EMA) support (Father Line) and finally 21285 (Channel bottom support). Bears can tighten their grip below this point. Resistance Zones : 21600, 21674 (50 Hours EMA)(Mother Line), 21756 (Mid Channel resistance) and finally 21847. Above 21847 Bulls will strengthen their grip.
NSE:NIFTYLong
by Happy_Candles_Investment
BALKRISIND - Pennant Breakout: A Promising Signal for Traders📝 In this educational technical analysis, I would like to discuss BALKRISIND. Understanding key technical terms and patterns, such as pennants and ascending triangles, can help new traders identify potential trade setups. Remember, I am not a SEBI registered analyst, and this analysis is solely for educational purposes. BALKRISIND experienced a bull run from March 2020, starting at 650 INR and peaking at 2075 INR in September 2021. This move represents an impressive 314% increase. After the bull run, a pennant pattern formed. Pennant patterns typically occur after a strong price movement and signify a brief consolidation before the trend resumes. Pennant Breakout and Retest: 📈 On May 23, 2023, BALKRISIND witnessed a pennant breakout with good volume. However, what followed was an interesting development—a retest of the breakout level with strong volume. Retests are not commonly observed after pennant breakouts. Moreover, during this retest, an ascending triangle pattern formed on the 30-minute time frame, indicating a potential trend continuation. 🔎 Technical Term Explanation: Pennant Pattern : A pennant pattern is a continuation pattern that occurs after a strong price movement. It is characterized by converging trendlines, resembling a small symmetrical triangle, and represents a temporary pause before the trend continues. Ascending Triangle Pattern : An ascending triangle pattern is a bullish continuation pattern formed by a horizontal resistance line and an upward sloping support line. It suggests an ongoing uptrend and often leads to further price advances. Potential Trade Opportunity: 🎯 Traders can plan their entry upon the breakout of the ascending triangle pattern, as it indicates a high probability of trend continuation to the upside. Monitoring the price action and volume closely during the breakout will help confirm the strength of the upward move. Conclusion: I appreciate your support and encourage you to like this analysis if you found it helpful. Feel free to share your observations and comments. Your feedback keeps me motivated to consistently provide valuable insights. If you want to stay updated with more technical analysis articles and trade setups, follow me on TradingView through the link: in.tradingview.com 💪 Remember, successful trading requires continuous learning and adapting to market conditions. As the saying goes, "The only way to do great work is to love what you do." Keep exploring and growing in the exciting world of trading! Happy trading! 📈💰
NSE:BALKRISINDLong
by AfnanTAjuddin
Nifty trapped between strong support and strong resistanceRight now Nifty seems to be trapped between strong support and strong resistance. The support zone is 21415 to 21581. Resistance zone is 21670 to 21847. Nifty needs little bit of consolidation in the range. Results from various companies will drive the nifty forward in either direction. The interim budget is also around the corner that can also be a guiding light for Nifty. Wild swings in either direction in addition to Geo-Political events can also turn the fate of Nifty and things can turn cloudy in a session or two. My advice for now will be stick to large caps and selective mid and small caps with ethical management and strong fundamentals and avoid companies with low durability, high debt, high pledging and questionable ethics. Which should be the case anyway but more so with Macro and Micro global situations and events which are in progress and around the corner.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty trying to form bottom after taking channel bottom supportNifty trying to form a bottom after taking channel bottom support. Nity touched the bottom of our hourly channel and trying to consolidate in the zone. Major support for Nifty from here will be 21405 (200 Hours EMA) (Father Line) and Channel bottom 21285. If 21285 is broken Nifty may fall further till 21089 or even 20967. On the way up major resistances that Nifty will face now are 21544, 21650 and 21715 (Major Resistance 50 Hours EMA). Also note that Mid channel channel resistance is also near 21740 region. So 21715 to 21740 will be major resistance on the way up. Nifty might try to stage a recovery tomorrow but let us see if the levels hold. Weekly closing is important with Geo-Political tensions rising between Iran and Pakistan. As well as Afghanistan and Pakistan.
NSE:NIFTYLong
by Happy_Candles_Investment
Market becomes a ruthless teacher today. Market today was in ferocious ruthless form today. Overheated RSI sometimes stays overheated for few days or weeks and sometimes like today cools off in a day. Yesterday the RSI was above 70 and today it is below 30 on the hourly chart. 21550 is a good support zone from where we can see recovery but it is less likely possible point of reversal. The possible point of reversal can be 21450 and 21397. If 21397 is broken the next supports levels will be at 2133, 21188 or 20999. On the upper side the resistances will be at 21687, 21754, 21796 and 21847. It looks like the start might be negative but later in the afternoon or Friday Nifty can try to stage a recovery.
NSE:NIFTY
by Happy_Candles_Investment
5 waves impulse down visible in NIFTY from topNSE:NIFTY hourly chart shows 5 wave impulse down as of now. In this case, a pullback towards 21800/21900 should occur followed by another fall which should take the prices in 21300/21400 zone at least. Assuming this is wave A of the correction downwards, pullback would be B followed by another impulse C down. Note that this is ideal scenario and the correction could become complex (WXY/WXYXZ). Let's go step by step and follow what's visible in charts and will update as and when something changes. Note that 5 can turn into 9/13 if the first leg of this fall remains impulsive and it could also end up being 7/11 waves but we'll cross that bridge when it comes.
NSE:NIFTYShort
by YetAnotherTA
Was it profit booking or Channel Top resistance? or both? Nifty is facing a channel top resistance and trying to cool down/climb down from the overbought zone. The Major resistance for Nifty going ahead are at 22056 and very strong Channel top resistance near 22124. Supports for Nifty on the lower side as it tries to cool down it's RSI will be at 21973, 21917, 21840 (Mother Line, Good support 50 Hours EMA), 21758 and 21687 (Mid Channel Support). If Mid-Channel support is broken the next supports will be near 21591, 21455 and finally 21377 (Father line, Major support 200 Hour EMA). Nifty looks as if it will start negatively tomorrow in the afternoon it can try and stage a recovery.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 16/01/2024BUY - 22110 SL - 22040 TARGETS - 22180,22260,22350 SELL - 21970 SL - 22040 TARGETS - 21920,21840,21720 NO TRADE ZONE - 21970 to 22110 Previous Day High - 22110 Previous Day Low - 21970 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
New Record But How Far can The Rally Stretch? Blockbuster rally makes it a festive Makar Sankranti, Uttarayan, Bihu, Lohri and Pongal for investors but how far can this rally stretch is the question? I will try to answer the question based on Technical analysis. On the onset let me tell you that predicting exact top and exact bottom in a short term is a very difficult task but The candle today has opened the door that leads us towards 22326 which is a Fibonacci resistance level. Fibonacci resistances are really little difficult to cross and it will require full force of bulls to do so. If 22326 is crossed the next resistance can be near 22769 and 23119. Immediate resistance for Nifty will be at 22115. Supports on the lower side for Nifty are at 21952, 21716 (strong support), 21474 and finally 20928. Closing below 20928 the Nifty can fall to the levels of 19624.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 15/01/2024BUY ABOVE - 21930 SL - 21840 TARGETS - 22000,22100,22180 SELL BELOW - 21840 SL - 21930 TARGETS - 21720,21680,21590 NO TRADE ZONE - 21840 to 21930 Previous Day High - 21930 Previous Day Low - 21720 I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures. Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully. Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Medium Term and Long Term Targets for Nifty for 2024. There are two trend triangles formed in the daily chart of Nifty. The larger triangle indicates the long term target for Nifty at 23098. The triangle within that which indicates the medium term range or target of Nifty tells us that current rally can peak near 22326. In the process of reaching these targets the support zones are indicated by the green lines and Mother, Father lines (50 and 200 days EMA) which are at 21743, 21486, 20988, 20880 50 Days EMA strong support (Mother line), 20542, 20268, 19857 and finally 19599 200 days EMA very strong support (Father line, 200 days EMA).
NSE:NIFTYLong
by Happy_Candles_Investment
Trendline resistance stopping Nifty again and again. Trendline resistance stopping Nifty again and again. Tomorrow is critical for Nifty as it is squeezing between the trendline and 50 Hours EMA. 50 Hours EMA currently at 21616 is supporting Nifty and Trendline resistance is stopping Nifty since January 24 as you can see in the chart. Very important for Nifty to cross and close above it tomorrow or in the next few days for it to grow further. If Nifty is not able to cross the same in next few trading sessions weakness can engulf it. Critical supports for Nifty are at 21616, 21544 and finally 21457. The movement in Nifty giant Reliance since last 2 days is helping Nifty close in Green. Tomorrow if Reliance continues its move, TCS with decent result moves upwards Nifty can break the trendline resistance and grow ahead. On the other hand HDFC is showing little stiffness due to become little exhausted, Infosys has given a below par result and these 2 are dragging the Nifty down along with some other players. Resistance for Nifty remains at 21680, 21718, 21768 and 21830. With supports and resistances staying strong some thing's got to give. Shadow of the candle seems positive again but things can change quickly with more important quarterly results coming and Nifty squeezing between supports and resistance. Big move on either side is also a clear and present possibility.
NSE:NIFTY
by Happy_Candles_Investment
Nifty closed strongly above 50 hours EMA more upside possibleNifty closed strongly above 50 hours EMA after testing exactly the channel bottom drawn and shown by us from last few days more upside is possible but important resistances for Nifty to cross on the way up will be 21661, 21718 and 21768. closing above 21768 will open the doors for 22K+ again with resistances at 21830 and 21927. Supports for Nifty on the lower side are at 21604, 21514 and 21457. Below 21457 bears wake up again. Things look positive for a good start tomorrow but later in the day there can be some resistance + Selling pressure at 21661 and 21718 or 21768.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty felt the heat again in the trend line resistance. As you can see in the chart Nifty started the day brilliantly jumped above 50 Hours EMA and was going up in a rapid pace wiping all the losses of yesterday till it hit the trend line resistance which was near 21725 and immediately fell relentlessly giving a big red candle for the day. Only saving grace was it ended in Green at the close of the day again finding the support near 21500 this time at 21517. Support and resistance for Nifty now will be at 21619 50 Hours EMA (tough resistance), 21700 and 21768 another tough mid channel resistance. Supports on the lower side are near 21500, 21389 and finally 21235. Volatility and Profit booking at higher levels in selected counters in addition to buying at lower levels again may remain the theme for some time now.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Showing weakness and near important support level.Nifty was repelled from the resistance zone near 21768 and got thrashed throughout the day as RSI had to cool down. Further downside is possible if support zone of 21500 to 21425 is broken. In this case further down side upto 21389 or 21235 is possible. The worst case scenario as of now looks near 21143. In case 21143 is broken Bears can strengthen their grip and bring the index under their control. Resistances zone on the up side is between 21593 and 21613. Further upside upto 21686 or 21768 can be seen in case we are able to close above 21613 level.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Long Term Analysis, Observations and Conclusion. Nifty Long Term Outlook: (Little Long message but must read analysis for all connected to stock market). Nifty seems to be moving pretty solidly since 2019 in the long term channel shown in the chart. We have also intersected the chart with fibonacci supports and resistances for the Nifty. The candlesticks used are monthly. The Channel starts from Mid 2019 and extends upto 2026. Top considered for Fibonacci retracement is the pre-covid high and bottom is Covid low. This comprehensive chart gives us various scenarios to study. The same are depicted as under: a) Nifty is trying to sustain above the mid channel resistance. If the same can be sustained most part of 2024 will be engulfed by the bull run, barring some significantly negative macro or micro event. b) Considering there is a political stability in the country at least for next 2 to 3 years the best case scenario for Nifty in couple of years time seems to be near 30K+ and worst case scenario seems to be near 24K+. c) Next long term Fibonacci resistances seem to be near 22268 and 24305 respectively. d) Fibonacci supports for Nifty seem to be near 20389 and 18687. e) 50 months EMA for Nifty right now is at 16468 this should be a major support (Mostly Nifty can go there only if there is some global catastrophe or some unlikely event like party expected to win Lok Sabha 2024 loses hands down etc. Observations: 1) Mid and Small cap have been relatively doing well in recent past coming 2 years can be good for Large cap stocks. 2) It seems that there will be overall growth but secots like Pharma/Healthcare, Infrastructure, FMCG, Capital Goods, Banking and Financials might fare better than IT and Defense have had a long run and might relax a bit for a while. 3) New themes like Clean Energy, Aero-space some other breakthrough technology can disrupt the market space completely. 4) India with it's assertive foreign policy can create and consolidate it's place in global manufacturing. 5) Over all situation seems to be investor friendly. India is in the sweet spot of Global economy. History says that 2 to 5 Trillion USD journey for any of the global economy has had potential to unleash wealth creation for the investors. Conclusion: We feel those who can lean Techno-Funda Investing / Know Techno-Funda investing will benefit the most during this wealth creation phase. Question: So how many of you want to learn Techno-funda Analysis and become Aatmanirbhar?
NSE:NIFTYLong
by Happy_Candles_Investment