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Nifty50analysis

#Nifty50 Market Update: A Week of Weakness and What Lies Ahead This week, Nifty closed at 23,203, down by 228 points from the previous week's close. It touched a high of 23,391 and a low of 23,047, reflecting a volatile yet cautious market sentiment. The candlestick pattern for the week is indicative of weak market sentiment, signaling growing bearish pressure. As highlighted last week, the market saw a bounce used by institutional players to offload their positions, leading to a sharp pullback. The Nifty was confined within the range of 23,950 to 22,900, as anticipated. Looking ahead, I expect Nifty to continue oscillating between 23,750 and 22,700 in the coming week. From a monthly perspective, the market remains in a selling phase, and until either the monthly or weekly timeframes shift into the buying zone, or Nifty tests key support levels near 22,400/22,300, the bears will likely maintain control. S&P500 Update: Recovery with Caution Over in the US, the S&P 500 has bounced back from the lows of 5,773 and closed just below the critical Fibonacci resistance level of 6,013. If the index manages to stay above 6,013 next week, we could see it testing higher resistance levels around 6,100. However, expect potential selling pressure to kick in on Monday, and if the index dips below 5,900, it could test key support levels at 5,821, 5,773, or even 5,700. Bottom Line: Brace for Volatility Ahead In conclusion, selling pressure is expected to persist in the markets for the time being. Traders should prepare for a bumpy ride as we navigate through these volatile conditions. Stay alert, manage risk, and keep an eye on critical support and resistance levels.
NSE:NIFTYShort
by ssudhirsharma11
#nifty50 What Lies Ahead for Nifty & S&p500, 6-10th Jan 2025The Nifty Index this week staged a rally, closing at 24,004, a 200-point surge from the previous week. This bullish move, driven by a classic "W" pattern as predicted, saw highs of 24,226 and lows of 23,460. However, profit-taking by large players triggered a decline, confining the index within my anticipated range of 24,300-23,400. For the upcoming week, I expect a trading range of 24,500-23,400 . A breach below 23,400 could find support at the 23,200-23,300 zone. A weekly close below this level would be a significant bearish signal, potentially triggering further selling pressure towards the 22,250 level. Conversely, a sustained move above 24,770 would signal a resumption of the uptrend, though this scenario currently appears challenging. The S&P 500 also exhibited resilience this week, closing at 5,942 despite breaching the crucial support of 5,850. This formed a long-legged candle, indicating strong demand at lower levels. To reignite its upward momentum, the S&P 500 needs to close consecutively above 6,093. This bullish confirmation could propel it towards 6,142, 6,225, and even 6,376, providing a much-needed boost to global markets
NSE:NIFTYShort
by ssudhirsharma11
#Nifty50 Outlook for upcoming week 30-3rd Jan 2025The Nifty roared this week, gaining a solid 226 points, closing at a strong 23813! It reached a peak of 23938 before dipping to 23647. As predicted, the Nifty stayed within the 24100-23000 range, forming an interesting inside candle pattern. Excitingly, a bullish "W" pattern has emerged on the weekly chart! If the Nifty can hold above the crucial 23900 level next week, we could see it trading between 24300 and 23400 . However, while a bounce is expected, the bearish Monthly chart might tempt big players to unload their positions. Stay alert! Across the pond, the S&P500 took a 2.5% hit, closing at 5970 after reaching a high of 6049. The 5870-5850 support zone is critical. A breach could trigger a faster selloff, potentially testing the 5637/5551 support levels. For an upward move, the S&P500 needs to conquer 6050, paving the way for resistance levels at 6094/6142/6225. Bottom line: Use any bounce next week as an opportunity to lock in profits. Stay informed and trade wisely!" Wishing everyone a very happy & prosperous New Year.
NSE:NIFTY
by ssudhirsharma11
#Nifty50 outlook for upcoming week 23-27th Dec 2024The Nifty experienced a tumultuous week, plummeting roughly 1200 points to close at 23587 after reaching a high of 24781 and a low of 23537. This sharp decline was largely attributed to a hawkish stance from the US Federal Reserve, triggering a sell-off in the US market and prompting significant Foreign Institutional Investor (FII) selling in India. The 5% correction from its peak has brought the Nifty dangerously close to the crucial WEMA50 support level at 23426. However, there are signs of a potential bullish reversal forming a 'W' pattern. Sustaining above 23426 will be critical for a market turnaround. Next week, I expect a volatile trading range between 24100 and 23000 . A breach of these levels could lead to significant market moves. The monthly Nifty chart also indicates weakness, suggesting further downside potential towards the 22250 support level, representing a 5.7% decline from current levels. This presents a valuable opportunity for investors to prepare a watchlist of their preferred stocks and strategically accumulate positions during any further market correction
NSE:NIFTY
by ssudhirsharma11
#NIfty50 Outlook for upcoming week 9-13th Dec, Nifty Rallies, Bu The Nifty 50 index concluded the week on a high note, closing at 24,677, a significant 550-point surge from the previous week. The index oscillated wildly, touching a high of 24,857 and a low of 24,008. As predicted, the index faced selling pressure around the 25,000 level, a critical resistance zone that triggered a downward trend in late October. For the upcoming week, the Nifty is expected to trade within a range of 24,100 to 25,000. A sustained break above 25,000 could propel the index towards 25,250. However, a pullback to retest support levels is likely before the next upward move. Meanwhile, the S&P 500 index gained 1% to close at 6,090. Key resistance levels for the S&P 500 are 6,142 and 6,225, while support levels are 6,013 and 5,963.let's see if US market this week also support world market or not.
NSE:NIFTY
by ssudhirsharma11
#Nifty50 Volatile week ahead, outlook for 2-6th Dec 2024The Nifty 50 index concluded the week on a strong note, closing at 24,131, up 225 points from the previous week. The index oscillated between a high of 24,354 and a low of 23,873, staying within the predicted range of 24,500 to 23,300. For the upcoming week, I anticipate the index to remain confined to a range of 24,750 to 23,600 . A breach of these levels could trigger significant market volatility. A closer look at the weekly chart reveals a potential W-pattern formation. To complete this pattern, a pullback towards the 23,500-23,600 support zone is necessary. Whether this pullback materializes next week will be crucial to watch. S&P 500 Breaks Resistance, Sets Stage for Further Gains The S&P 500 index finally managed to breach the strong Fibonacci resistance level of 6,013. If it can sustain above the 6,000 mark, a move towards the 6,142 level, representing a 1.5% upside, is likely. Such a move could provide a positive impetus to global markets. However, a failed breakout could lead to a 2% correction, potentially testing the 5,914-5,900 support zone. Investors should be prepared for both scenarios.
NSE:NIFTY
by ssudhirsharma11
#Nifty50 analysis for the upcoming week 25-29th Nov 2024Nifty Rallies, but Caution Prevails The Nifty 50 index concluded the week at 23,907, a robust 375 points higher than the previous week's close. It touched a high of 23,956 and a low of 23,263, staying within the predicted range of 24,000-23,100. A bullish hammer candle formation on the weekly chart, supported by the 50-Week Exponential Moving Average (WEMA), indicates potential upside momentum. However, the elevated India VIX suggests market volatility may persist. For the upcoming week, the Nifty is expected to trade between 24,500 and 23,300 . A breach of these levels could trigger significant price movements. The 23,263 level now acts as a crucial support zone. The BJP's victory in Maharashtra is likely to provide a positive start to the next week, but the extent of its impact remains uncertain. Global Markets Outlook The S&P 500 index closed at 5,969, up approximately 100 points from the previous week. Despite reaching a high of 5,972, it failed to breach the crucial Fibonacci level of 6,013. A decisive close above this level could open the door to further gains, targeting 6,142, 6,225, and 6,376. This positive sentiment could spill over to global markets, including India. Until then, the absence of negative news in the US market can be viewed as a bullish indicator.
NSE:NIFTYLong
by ssudhirsharma11
#nifty50 analysis for upcoming week 18-22nd Nov 2024Nifty Takes a Beating: A Deep Dive Last week, the Nifty 50 index experienced a significant downturn, closing at 23,532, a 600-point drop from the previous week's high of 24,336. The index breached the crucial support level of 23,550, dipping as low as 23,484. Currently hovering near its 50-week exponential moving average (50WEMA) at 23,230, the Nifty is expected to consolidate within a range of 23,100 to 24,000 in the coming week. Wednesday our markets will be closed due to Maharashtra elections so volatility will be high. As previously highlighted, the monthly chart has weakened, and its impact is already evident. A further correction seems likely before a sustainable bottom is formed. A breach of the 23,250 support level could trigger a deeper correction of 7-7.5%, potentially taking the index down to 21,555. To resume its upward trajectory, the Nifty needs to convincingly close above 24,500 on consecutive days. The S&P 500 also faced rejection from a critical Fibonacci level of 6,013, resulting in a 2.7% correction to 5,870. A breach of this week's low of 5,853 could lead to an additional 1.2% decline to 5,783. Such a move could intensify selling pressure in global markets, including India.
NSE:NIFTYShort
by ssudhirsharma11
#Nifty50 outlook for upcoming week 11-15th Nov 2024Nifty Weekly Recap: A Tug-of-War Continues The Nifty 50 index concluded the week at 24,148, marking a 150-point decline from the previous week's close. It oscillated within a tight range of 24,537 and 23,816, as predicted. While the VIX index shows signs of cooling down, the Nifty is expected to trade between 24,700 and 23,550 , with a potential breakout on either side. The weekly candle suggests a balanced market, with no clear direction. A Cautionary Tale from the Monthly Chart However, the monthly chart paints a different picture. The current pattern bears a striking resemblance to the one observed between April and June 2022. If history repeats itself, the Nifty could face another downward spiral, potentially testing support levels of 23,250 and 21,555. To regain its bullish momentum, the index must decisively close above 24,550, a feat that seems challenging in the current market conditions. US Markets: A Bullish Run Fueled by Trump's Reelection The S&P 500 index soared to an all-time high weekly close of 5,995, reaching a peak of 6,012 and a low of 5,696. Trump's reelection has ignited a rally in the US market, propelling it to new heights. For further upside, the index must sustain above the crucial 6,013 Fibonacci level. If it manages to do so, it could target 6,142, 6,225, 6,376, 6,454, 6,520, or even 6,568. Impact of US Markets on India The question remains: How will the US market's bullish run impact Indian equities? As investors closely monitor global cues, the Nifty's trajectory will depend on a delicate balance of domestic factors and international sentiment.
NSE:NIFTYShort
by ssudhirsharma11
#Nifty50 outlook for upcoming week 4th-8th Nov 2024Last week, the Nifty 50 index concluded at 24,304 points, marking a 125-point surge from the previous week's close. It reached a high of 24,498 and a low of 24,134. As anticipated, the index successfully tested the 24,500 resistance level before settling at its current position. With the India VIX index indicating an upward trend, the Nifty 50 is expected to trade within a broader range of 24,900 to 23,700 in the coming week. A breach of these levels could trigger significant market volatility. The upcoming US elections on November 5th are likely to intensify the tug-of-war between bulls and bears. I'm closely monitoring the 23,511 level (DEMA200) as a potential entry point for NiftyBees. However, it remains to be seen if this opportunity materializes. S&P 500's Weekly Performance and Outlook The S&P 500 index ended the week at 5,728 points, approximately 80 points lower than the previous week's close. It touched a high of 5,850 and a low of 5,702. This week, the index found support at the DEMA50 level. If it dips below 5,702 next week, it could test support levels at 5,637, 5,585, and 5,400, which would have negative implications for global markets. To resume its upward trajectory, the S&P 500 needs to close above 5,700 on consecutive days. This could propel it towards the 5,821, 5,868, and 5,899 levels.
NSE:NIFTY
by ssudhirsharma11
#Nifty50 outlook for upcoming week 28-1st Nov 2024. Nifty Nosedives! This week, the Nifty took a dramatic plunge, closing a hefty 700 points down from the previous week at 24,180. The bulls fought valiantly, pushing the index to a high of 24,978, but the bears ultimately prevailed, dragging it down to a low of 24,073. Key Levels Breached and Tested: My predicted range for the Nifty this week (25,550 - 24,350) was unfortunately shattered on the downside. Furthermore, the critical support level of WEMA21 was breached for the first time since October 2023, a potentially bearish sign. Is a Short Squeeze Brewing? With many retail investors now anticipating a continued downtrend, a counter-intuitive uptrend might be on the horizon. This could be a strategic move by the bulls to trap those who are shorting the market. Next Week's Crucial Levels: Buckle up, because next week is a pivotal one for the Nifty. If the index can defend the crucial support zone of 23,900-24,000, we might witness a surge testing resistance levels around 24,500-24,600. However, a breach below 23,900 opens the door for a further decline towards 23,600 and even the psychologically important 200-day moving average (23,500). This is where I, for one, will be getting "greedy" by considering adding Niftybees and some fundamentally strong stocks with favorable risk-reward ratios. Remember the age-old wisdom: "Be fearful when others are greedy, and be greedy when others are fearful." The time to be greedy for value might be just around the corner! S&P 500: Holding the Line (for Now): Across the pond, the S&P 500 failed to surpass its previous week's high of 5,878 and experienced a correction of more than 1.5% from its weekly peak of 5,866. The silver lining? It managed to hold above the crucial support level of 5,762. The upcoming week will be critical as well. If the S&P 500 can maintain a position above 5,863, it could potentially surge towards a significant Fibonacci retracement level of 6,013, which could also provide a positive tailwind for the Indian markets. However, a dip below 5,700 could trigger a correction ranging from 1.6% to 3.3%, potentially dragging the Nifty down with it. Wishing everyone a very happy & prosperous Diwali. Enjoy
NSE:NIFTY
by ssudhirsharma11
NIFTY 50 ---- MAYBE NIFTY support level looks between 24000-23890 and also RSI of NIFTY is close to oversold. Expectation for next week, we may see more dip till support level which will push RSI to oversold zone, and from there bounce back is expected. If you see the history of NIFTY 50, it has never stayed in oversold zone for more than 2-3 days, only if we have global crisis. This is just a study based on technical indicators and experience, My study can go wrong. Hope for the Best.
NSE:NIFTY
by Abdul-Rahim
1
#Nifty50 outlook for upcoming week 21-25th Oct 2024The Nifty 50 index concluded the week at 24,854, a 110-point decline from the previous week's close. Despite hitting a high of 25,212 and a low of 24,567, the index remained within its expected trading range of 25,550 to 24,350. Looking ahead, I anticipate the Nifty to continue trading between 25,400 and 24,300. A breakdown below 24,486 , the WEMA21 support level, would signal a bearish trend, potentially leading to a decline towards 23,400 or 23,300 . Conversely, a sustained move above 25,144 could pave the way for a rally to 25,500-25,600. Meanwhile, the S&P 500 index achieved a new all-time high weekly close of 5,864, up approximately 40 points from the previous week. This suggests a potential upward move of 2-2.5% from its current level, targeting the significant Fibonacci level of 6,013. It remains to be seen if this positive momentum in the U.S. market will translate into a recovery for the Indian stock market."
NSE:NIFTY
by ssudhirsharma11
#nifty50 outlook for upcoming week 14th-18th Oct 2024The Nifty 50 closed the week at 24,964, a 50-point decline from the previous week. While it touched a high of 25,234, it also dipped to a low of 24,694. As predicted last week, the index remained within the range of 25,600 to 24,400. Looking Ahead: A Cautious Outlook For the upcoming week, I anticipate a trading range of 25,550 to 24,350. However, the low of 24,694 is a crucial support level. If the Nifty breaches this, the next strong support lies at 24,400-24,350. A breakdown below this level could signal a potential decline towards 23,300. A Bullish Monthly Perspective Despite the recent volatility, my monthly outlook for the Nifty remains bullish. Therefore, I will follow a "buy on dips" strategy. S&P 500: A Positive Sign As mentioned previously, the S&P 500 has successfully reached its first Fibonacci target of 5820. To initiate the next leg of its upward movement, it needs to sustain above this level. If it can do so, we could see it touch 5899 or even 6012 (a significant level). This positive momentum in the U.S. market could also provide support to Indian equities.
NSE:NIFTY
by ssudhirsharma11
Nifty50 analysis for upcoming week 7-11th Oct 2024The Indian stock market had a volatile week, primarily driven by the escalating Iran-Israel conflict. The Nifty 50 index closed at 25,014, down 1,170 points from the previous week's close. The index made a high of 26,134 and a low of 24,966 during the week. For the coming week, the expected range for the Nifty 50 is 25,600 to 24,400 . A breach of these levels could lead to further volatility. The crucial support level is at 24,450, which is the WEMA21 support. If the index breaks below this level, a correction towards 23,000 is possible. On the other hand, the S&P 500 index closed at 5,751, forming a bullish hammer candle, which is a positive sign for the US market. If the S&P 500 can sustain above 5,800 next week, it could rise further to 5,820, 5,899, or even 6,012. A strong performance in the US market could help Indian markets recover. Overall, the market outlook for the coming week remains uncertain due to the ongoing geopolitical tensions. However, there is a possibility of a bounce in the market, especially if the S&P 500 continues to show strength.
NSE:NIFTY
by ssudhirsharma11
#Nifty50 outlook for upcoming week 30-4th Oct 2024#Nifty50 surged to a new all-time high of 26178, closing the week up nearly 400 points. The index oscillated between 26400 and 25200, as predicted. For the upcoming week, I anticipate a trading range of 26750 to 25800 . A breakout beyond these levels could trigger significant price movements. Fibonacci support lies at 25800; if breached, 25600 becomes a critical level to watch. A puzzling question remains: Why are many stocks in investor portfolios underperforming despite the Nifty's record highs? Typically, stocks require catalysts or news to rally, which are currently scarce. If the Nifty reaches 27000, large-cap stocks could outperform mid-cap and small-cap equities. Niftybees or ETFs might also be attractive options to capitalize on the Nifty's upward momentum. The S&P 500 also hit a new weekly high at 5738 and appears poised for further gains. Surpassing the 5767 high could propel the S&P 500 to 5821, 5899, or even the significant level of 6013. This positive momentum in the U.S. market could also benefit the Indian market.
NSE:NIFTYLong
by ssudhirsharma11
#nifty50 analysis for upcoming week 23-27th Sept 2024The #Nifty50 soared to a new all-time weekly high of 25,791, gaining a remarkable 430 points from the previous week's close. It reached a peak of 25,849 and a low of 25,285. As predicted, the Nifty has been trading within the 25,810-24,750 range. For the upcoming week, I anticipate a trading range of 26,400-25,200 . A breach of these levels could ignite significant market volatility. As highlighted last week, the strong Fibonacci level of 25,810 is crucial. If the Nifty closes above this level next week, be prepared for a potential rally towards the next magical level of 26,990 or 27,000. Although reaching these levels may take some time, it's essential to be positioned for such a move. Meanwhile, the S&P 500 finally broke through the strong resistance of 5,637, thanks to the Federal Reserve's rate cut. If it can maintain above this week's high of 5,733, we could see further gains towards resistance levels of 5,800, 6,000, or even 6,140. Since the S&P 500 has surpassed a significant Fibonacci level, it's poised to potentially reach another strong Fibonacci level of 6,959, which is 20% higher than current levels. Such a move would likely propel the Nifty towards 27,000. A breakdown below this week's low of 5,604 would indicate a failed breakout and could lead to a test of support levels at 5,445 or 5,432. Exciting times are ahead!"
NSE:NIFTYLong
by ssudhirsharma11