Nifty 15min 15 November wednesday 15 November wednesday Nifty analysis
Market is up trend target 19600 to 19680
Market is down trend target 19280 to 19200
Nifty50
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.
Nifty 15 min 10 November Friday 10 November Friday Nifty analysis
Market is up trend target 19525 to 19600
Market is down trend target 19280 to 19200
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.
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.
Nifty BankNifty Hourly TF Analysis
Nifty BankNifty Hourly Analysis
RSI negative divergence
On next week if it create bullish divergence at any support level we can see bullish momentum
Selling View Below : 19070 and 42855
JSW Steel : Rusting Begins?- JSW Steel looks ready for a short-term downturn phase
- Look how the PE ratio has shot up crazy from the last time we saw the same price ( Price is not justified)
- With the current selloff, The bulls are trapped at ATH making them long-term investors.
- We do have a trendline that may give support when the time comes. But until then, It's time to bleed?
What are your thoughts? Leave us a boost👍👍👍.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
Good jump but more distance to go post consolidation or gap up. As Depicted yesterday we crossed level 1 resistance and ended just below resistance level 2. Level 2 resistance was 19413 and we closed to 19411. Once we get a closing above 19413 the next level will be 19562. Supports for Nifty now are at 19353 and 19276. Things still looking positive either we jump above the resistances we can progress very fast towards 19681 and 20K levels.
Nifty positioned nicely in a positive open mouth channel.Nifty is positioned nicely in a positive open mouth channel. Crossing and closing above 19726 can start a positive wave in Nifty which will have resistance at 19353, 19413, 19562 and 19681. Supports for Nifty at the lower level are 19207, 19170 and 19070. Things are looking good for a positive Diwali and Muhurat buying. Let us hop that all the positive levels are crossed and we get a closing close to 20K during the Muhurat session or post Muhurat session.
Nifty 15 min 7 November Tuesday 7 November Tuesday Nifty analysis
Market is up trend target 19525 to 19600
Market is down trend target 19180
Nifty 15min 6 November Monday 6 November Monday Nifty analysis
Market is up trend target 19400 to 19480
Market is down trend target 19080 to 19000
Nifty forming a good channel on hourly chart. Nifty is forming a good channel on hourly chart and things are looking positive for now. Once the Nifty crosses and closes above small resistance of 19145 and 19177 and hold that support. (It is very much possible that Nifty opens gap up above 19177 which will be very good technically, the next targets for spot nifty will be 19230, 19353 and 19425. Support on the lower side are at 19070, 19007 and 18935. Expecting a good closure to the week as things right now look positive. Some big negative news from Middle East can still spoil the party so be cautious.
Nifty 15min 3 November Friday 3 November Friday Nifty analysis
Market is up trend target 19340
Market is down trend target 18900
US FED Pause can give the Market a much needed Booster doseThe market was crumbling under the pressure of crisis in the Middle East since last few days but the news of US FED Pause in the rate hike can give the Market, a much needed Booster dose. The things can turn positive from here because of the news mentioned above as well has market respecting the support zone between 18985 to 18839 zone. Last 2 to 3 days have seen a consolidation of sorts, which can charter the path or market recovery. Important resistance levels for Nifty will be 19094 and 19230. Above 19230 the major resistance level will be near 19472.
Mid Channel Resistance stopped Positive looking NiftyMid channel resistance acted on positive looking Nifty and levels above 19230 could not sustain. Closing below Mid channel resistance is not a good sign. If Nifty had closed above 19230 we would have seen a sharp rise. Now we are looking at an important support level of 19033. If Nifty can give a closing above 19033 tomorrow it will be considered a positive signal again. If Nifty is not able to sustain above 19033 then again the recent low of 18837 will be tested. If 18837 is not held in the coming week we may see a dip again upto 18489 levels. (Looks little unlikely but you can never be sure with the global tensions going on). Resistances on the upper side will be 19124 and 19230. Above 19230 the next resistance will be near 19492.
Nifty Giving a confirmation candle today spells positivity Nifty has given a perfect consolidation candle today which can lead to positivity for the coming day or it can even extend the full week if some critical resistance levels are crossed.
Important Resistance levels for Spot Nifty now are: 19374 and 19509(Very strong resistance).
Important Support levels for Spot Nifty now are: 18835 and 18489.
NIFTY Shifting to a long term buy.Nifty 50 turned oversold last Thursday on the 1D technical outlook and that attracted investors which restored the timeframe from oversold to just bearish (RSI = 38.950, MACD = -141.600, ADX = 34.223). This shows considerable buying strength, a little over the 1D MA200, a support level that is holding since April.
The price action look very much like August-September 2022, when again a nearly oversold 1D RSI on the 1D MA200, kickstarted a rise to a HH on the 1.5 Fibonacci level. We see a similar trend emerging, so take this opportunity to enter in its start and target again the 1.5 Fib (TP = 20,950).
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Nifty Downtrend Consolidation 30-10-23Hey Folks My nifty Update is here
As we can see we are retestion the previous low of 25th october and can see the sellers moving in .We can see lots of side ways action for some days or maybe more downward continuation
As we can see the rsi levels are oversold buyers should starting to develop the interest but for short term my target is around 18900 like i can see it going there in monday if we didnt get some news that may reverse the trend
Nifty - Elliott Wave CountNifty - Elliott Wave Count
It is important to note that the market trend in Nifty has broken and it is likely to decline towards the range of 19000 as long as the level of 19850 remains secure on the upside. If you have previously taken long positions based on our previous view, it is recommended that you square off now and consider switching to short positions with a 19850 stop loss. Long positions can still be considered with caution. Please note that if the market breaks 19850, then the previous view will no longer be valid.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:NIFTY NSEIX:NIFTY1! NSE:NIFTY1!
Nifty Weekly Outlook. As expected Nifty took support from 200 days EMA (Father Line) and jumped 190 points. We are not out of woods yet as the resistance levels in front of us now are 19097, 19366 and 19524 (Major resistance). Supports for Nifty are near 18832 and 18557. Falling below 18557 Nifty can crash further to 18333 levels. It is important for Nifty now to give a confirmation reversal candle on Monday. If we get a Green confirmation candle on Monday we can finally say that Nifty has bottomed out of the Middle East crisis. So Monday and Tuesday closing will be important for further recovery.
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.
NIFTY50 Daily timeframe analysisNIFTY50 Daily timeframe analysis
All Time Swing High Swept
Recent 3 candles down side move is impulsive and it has closed below 21 EMA.
If trend-line and fib 0.618 level break and close below then it is possible to see all below target.
Sell : 19530 with SL: 19655
Targets:
T1: 19225
T2: 19020
T3: 18750
T4: 18510
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.
Pharma Sector and its components Daily Timeframe AnalysisPharma Sector and its components are in correction phase
NSE:CNXPHARMA sectors NSE:DIVISLAB , NSE:SUNPHARMA , NSE:DRREDDY have created same structure as NSE:NIFTY
NSE:DIVISLAB , NSE:SUNPHARMA , NSE:DRREDDY daily candle close below level.
We can see all targets along with NSE:NIFTY , $NSE:CNXMETAL.
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.
