Get started

Niftyanalysis

Tensions in the Middle East. (Levels to watch, things to do). Iran and Israel situation is tense. Lot of investors have lot of questions in mind. I am trying to provide my opinion for the same in the video. I am trying to give my Technical and Political commentary on the situation in this educational video. The political commentary is based on my 15+ years of experience in the Middle East and is my personal opinion. I hope this will answer a lot of questions for you. I have also tried to give Techincal support and resistance levels for Nifty. In the 10 minute I have tried to cover as many points as I can. Along with the list of things to do as an investor. I hope this will help many of you. As it was expected there was a deep fall in the market due to Israel Vs Iran tensions. US is also a direct or indirect party to the situation and if there is further escalation other global powers will mostly get involved. Due to the this situation market opened gap down at 24473. What we saw post that is Indian market recovered smartly from that situation to close at 24718. That is a huge 245 point recovery to end the day. This is why colour of the candles throughout the day (As this is an hourly chart are green despite we ended in red. (That is a classic Technical lesson for understanding candle sticks analytics). The closing is above the father line support of 24674 which is a good sign as this will be our support (Strong support for Monday.) I have spent more than 15 years in the Middle East and happen to know a little bit out of my personal experience, having interacted with a lot of locals. Thus I am trying to answer a few questions that might be coming in the minds of may investors including myself. Q&A The Question now are we out of danger? Answer: Not yet. Question 2: Why we are not out of danger? Ans: The geo-political situation is very tense. The scale of Israeli attack was massive and there are clear and present chances of Iran counter attack which has already begun. Israel will respond again and Trump has already said that the next attacks by Israel will be even more fierce. No Iran is no palestine and there would be many countries that might support Iran. Specially China has already hinted support. Russia another ally is busy with Ukraine but you never know. Question 3: How it goes for the other Middle Eastern countries? Ans: There are lot of countries with US and Western bases on them. If Iran attacks them there are chances of other Western countries getting into the act too. In addition to some Middle Eastern countries getting into the act for the purpose of self defence. Thus over the weekend the things can get either very tense. Question 4: What happens to India and Indian markets? Ans: Today Indian markets have shown a lot of resilience. Global meltdown can affect us to for sure. But as we are neutral (As of now as it seems). The damage to our market hopefully will be minimal. Moreover recovery will be swift once the situation becomes less tense. Question 5: What should investors do? Ans: Long term investors can hold on to their long term positions in blue chip stocks. Keep stop losses and trailing stop losses in place for the mid-cap and small cap stocks. If some stop losses are hit or trailing stop losses are hit, you can always buy again as market is not going anywhere. The dip that we might potentially see can be an opportunity for long term investors for bottom fishing again and recalibrating their portfolios. (You can use the current situation to realign your portfolio for buying the trending stocks which have giving good results this quarter or have been giving good results since last few quarters.) Get rid of the stocks that have been dragging your portfolio down. Market has provided another opportunity for a fresh start. Things you can do: 1) Gold and Silver are always a great option when it comes to uncertain times. 2) Do not give a knee jerk reaction in selling off your winners. 3) Watch the global updates and keep stop losses and trailing stop losses accordingly. 4) Re-calibrate your portfolio 5) If you are sitting on cash use the dip for investing in stocks with long term perspective. The support for Nifty Remain at: 24674 (Father line support), 24640 (Mid-channel support), 24492 (Trend line support), 24382, 24208 and finally 24077 (Channel Bottom Support). a closing below 24077 will enable and empower bears to Pull Nifty further down. Resistances for Nifty remain at: 24752, 24818, 24906 (Mother line Resistance), 25043, 25138 and finally 25223 (Channel top Resistnace). Above 25223 Bulls will potentially take over the market. To know more about Mother Father and Small Child theory, Parallel Channel, Technical and Fundamental analysis and to learn it to master it. Read my book. The Happy Candles Way To Wealth Creation available on Amazon in Paperback and Kindle version. The book is one of the highest rated books in the category and many readers consider it as a Hand Book for Equity investment. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. The political commentary is based on personal views and analysis. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Gave Breakaway Gap Strong Bullish SignalWhat is Breakaway GAP? A breakaway gap refers to the situation in the market where there is a strong price movement that crosses support or resistance. Breakaway gaps are formed after substantial periods of consolidation of prices in the market. It signifies a break from the previous trading range or pattern, and it suggests that a new trend or direction is emerging. Nifty was trading in a range for 5 days and today 6/09/2025 it gap up and sustained above 25000 crucial level, the importance of break-away gap is that it's very strong sign of bullishness in market this also strong support too so if nifty come to retrace it would become support around 25000 level, if nifty break today opening rang then it's very likely that it will go further so there are possibly Two entry Sign for Long: - first, OR breakout, second: -retracement on 15 Min chart near 20 Ema -50 Ema. Thats My opinion
NSE:NIFTYLong
by rahul25
4
Nifty bounce between Trendline resistance and Mother lineWe Saw a jump of 130 points in Nifty today. The jump could have been higher if trend line resistance would not have come into play. This trend line resistance which came into effect is exactly around 24899 as it can be seen in the chart which was also the day's high. After making this high Nifty fell again until Mother line support present near 24706 again came into act for Nifty to close near 24750. Thus the supports for Nifty now remain at: 24706 (Mother Line Support), 24613 (Low of today) and Father line Support near 24508. Below 24508 there will be further weakness and Bears will take control of the market. The Resistances for Nifty now remain at: 24767, 24843, 24899 (trend line resistance), and 24971(Another Trend line resistance). Above 24971 closing Nifty will gain strength again and Bears can pull the market upwards towards 25074 or 25132. Closing above 25132 will be very good for the market as there seems to be a pure Bull territory above this zone. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
nifty rangeHere’s a professional and engaging **TradingView post description** for a **Nifty range-bound market** scenario: --- 📊 **Nifty Index – Range-Bound Consolidation Ahead?** 🧭 Nifty is currently trading within a defined range, indicating indecision in the market. The index is facing resistance near **25000** and finding support around **24500**. 📌 **Key Observations:** * Price action suggests a sideways trend with no clear breakout yet. * Volumes are relatively lower, reinforcing the consolidation phase. 🛑 **Resistance:** 25000 ✅ **Support:** 24500 🔍 A breakout on either side could trigger the next directional move. Until then, traders should focus on **range-bound strategies** like buying near support and selling near resistance, with tight stop-losses. 💬 What’s your view on Nifty's next move? Drop your analysis in the comments! \#Nifty50 #NiftyAnalysis #NiftyRange #StockMarketIndia #TradingView #TechnicalAnalysis #NiftyOutlook #NSEIndia #BankNifty #PriceAction #NiftyLevels
NSE:NIFTYLong
by vipin95379845
Bull Rally Losing steam as international factors weigh in. The Bull rally that we saw in Nifty in the last one month or so is losing a little steam as international factors related to escalating Russia and Ukraine war and International Tariff war start to weigh in. This made it difficult for Nifty to hold on to levels above 25000 after making a high of 25116 in the current rally. After making a high it is any substantial rally would try to consolidate and find a reasonable bottom from where it can launch again. Verifying a solid support is necessary for rally to move forward. The supports for Nifty currently are at: 24515, 24185 (Mother line important support), 23945, 23689 (Father line important support). If 23689 is broken the bears will be very active again and can potentially drag down nifty to 23214, 22902 or even 22666. So 24185 and 23689 are important levels for Nifty to hold. The Resistances for Nifty currently are at: 24838, 25116 (Important Resistance level, recent high). Sustaining above 25116 and Nifty closing above it can enable next leg of the rally which can take us in future to next resistance levels of 25438, 25641, 25845 and 26K+ levels. The market might be speculating Russian response to Ukraine Drone attack. The scale of Russian attack if it happens will determine the movement of market. The local factors are mostly in favour of Indian markets. So long term investors should not worry. Traders and short term investors should avoid taking unnecessary risk as situation on international front. Geo-Political risk in the subcontinent, at Israel front and Between Russia and other EU nations should be on the hindsight of any decision making. Additionally there are rising number of COVID cases in India which can also become a factor which can effect market sentiment. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty 50 Technical Analysis: Key Levels to Watch This Week!📈 Timeframe: Daily Chart 📍 Instrument: NSE:NIFTY 🔍 Chart Overview: Nifty 50 has been trading in a consolidation range between and . We are now approaching a critical breakout zone that could define the next short-term trend. 🔑 Key Levels: Immediate Resistance: 25071 Immediate Support: 24488 Breakout Above: 25071 Breakdown Below: 24488 🔔 Trading Plan: 🔼 Bullish Scenario: Wait for a breakout above 25071 with volume confirmation. 🔽 Bearish Scenario: Breakdown below 24488 may invite selling pressure. 💡 Risk Management: Use proper stop-loss below support/resistance 📌 Disclaimer: This is for educational purposes only. Do your own research before taking any trade. 📢 Hashtags: #Nifty50 #TradingView #ChartAnalysis #TechnicalAnalysis #NSEIndia #NiftyBreakout #PriceAction #StockMarketIndia #SwingTrade #NiftyToday
NSE:NIFTYLong
by vipin95379845
Educational Video: Nifty Outlook-How Technical analysis is done.We have tried to draw a parallel channel on Nifty hourly chart. The chart indicates that we are just below the mid channel line. The mid channel line will act as a resistance if the price is below the same and will act as a support if the price is above it. Right now it is acting as a resistance. Top of the channel always acts as a resistance and bottom of the channel always acts as a support. Additionally there are historic resistances and supports which indicate the other levels which may act as support or resistance. There are also Mother and Father lines (50 and 200 EMA)(EMA = Exponential Moving Average). To understand in detail how parallel channel works or how supports and resistance are derived or what is Mother, Father and Small Child theory. I would recommend you my book The Happy Candles Way to Wealth creation. By reading this book you can understand all these concepts with ease. You can additionally understand what is fundamental and technical analysis and how to do it. You will also get to understand the dos and the don'ts of investment in equity by reading various chapters on Behavioural Finance. Overall it is a value for money book available on Amazon in Paperback and Kindle version. The book is also available on Google play book and other E-book stores. You can also contact us for getting the copy of it. The Happy Candles way is one of the highest rated books in the category and you can go through the reviews of the book on Amazon before purchasing it. Based on Parallel Channel, Supports and Resistances, Mother Father and Small child theory resistances and supports of Nifty remain at. Nifty Resistances Remain at: 24815, 24909, 24977, 25045 and 25116. The channel top resistance for the current parallel channel is around 25372. Nifty Supports Remain at: 24780 (Mother Line Support), 24679 and 24537. The Channel Bottom support is currently around 24396. 24247 is the most important Father line support. Shadow of the candles currently is neutral. Indicating Nifty can still go in any direction. A pennant like structure (Triangle is also formed). This indicates that Breakout or Breakdown of this triangle or pennant can take Nifty a long way on either side. Nifty is currently squeezing in the pennant with limited space. Usually when the space is limited a Breakout can happen in either direction. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Multiple Resistances and Profit bookingMultiple resistances, trend line resistances are acting on Nifty and hampering it's progress. Also there is Profit booking seen across the board in all sectors. Additionally there is a new COVID scare that is spreading in China, Singapore and Hong Kong. These are the factors currently facing Nifty and not allowing it to fly above 25K levels and forcing it in downward spiral. The resistances for Nifty remain now at: 25234, 25064, 24937, 24780, However we are entering into support zone now. The supports for Nifty remain at: 24664, 24509, 24259, 23900 (Strong Mother line support of daily chart) and 23576 (Strong Father line support of daily chart). To know more about importance of Father and Mother line supports and resistances read my book the Happy Candles Way to Wealth Creation. The book is available on Amazon in Paperback and Kindle Version. You can learn about Fundamental and Technical analysis from the book. The book also gives you knowledge about the art of Profit booking and novel ways of stock data analysis. Lot of reviewers consider it a hand book to investing in stock market. Everything is explained in simple jargon free language with examples of Cricket and day to day life which makes understanding of difficult investing concepts very easy. You will not regret buying the book that we can assure you. As the multiple resistances were very strong this fall / correction / consolidation was bound to happen. As of now this should be seen as a regular market phenomenon only. Bear will become more active only if Father line support is broken. Bulls will become more active only when we get a closing above 25064. Above 25234 is a pure bull territory. Below 23576 is pure bear territory. Right now we are in no man's land. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty trying to break trendline resistance. As depicted yesterday we are near the trendline resistance. These trendline resistance like Mother and Father resistances are not easy to break but once broken they become a massive support zone. Nifty as we saw today is trying to break this trendline resistance which is there near 24359. Once this resistance will be crossed and we get a closing above the same we can see Nifty move swiftly towards 24538 and 24816. After closing above 24816 Nifty can move towards capturing 25K level back. Supports for Nifty remain at 23980 and 23708. Below 23708 we have the Mother and Father line support near 23365 and 23424. To know more about Mother Father and Small Child theory. To learn it to master it. Read my book. The Happy Candles Way To Wealth Creation available on Amazon in Paperback and Kindle version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 11.04.2025🔄 Recap since last update (21.03.2025): Nifty rallied to a high of 23,869.60 on 25th March, right into the Weekly Supply Zone highlighted earlier — and then the storm hit. Triggered by Trump’s tariff announcements, Nifty crashed over 2,000 points in just 8 sessions, bottoming out at 21,743.65 on 7th April. 🌍 Global markets have since remained highly volatile. Interestingly, Dow Futures have bounced back 4,000 points (10%) from their lows and are now hovering around 40,700 (while writing this). ⚠️ With the looming Trade War, expect continued volatility across global and Indian markets. Be nimble and cautious. 📅 On Wednesday (Weekly Expiry): Nifty opened gap-down, moved in a tight range between 22,468.70 and 22,353.25, and closed at 22,399.15, down 137 points from the previous session. 🔹 Trend Analysis: Weekly Trend (50 SMA): Sideways Daily Trend (50 SMA): Sideways 📉 Demand/Support Zones Near Support (30m): 21,964.85 – 22,080.85 Near Demand/Support (75m): 21,814.35 – 22,037.80 Far Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support (Daily): 20,769.50 – 20,950 📈 Supply/Resistance Zones Near Supply (Gap Zone - Daily): 22,697.20 – 22,904.45 Far Supply (Daily): 23,145.80 – 23,350 Far Supply (Daily): 23,412.20 – 23,649.20 (Inside Weekly Supply) Far Supply (Weekly): 23,412.20 – 23,869.60 Far Supply (Weekly): 24,180.80 – 24,792.30 🔍 Outlook: Nifty has shown signs of stabilization post the sharp fall, but the presence of a Daily Gap Zone at 22,697 – 22,904 will be the first hurdle for bulls. If this gets cleared with volume, we could see a climb toward 23,145–23,350. However, global uncertainties and overhead supply zones suggest a sell-on-rise approach may be more appropriate in the short term. Stay agile and manage risk diligently. 📢 Disclaimer: This analysis is for educational purposes only and not investment advice. Please do your own research or consult a financial advisor before making trading decisions.
NSE:NIFTY
by PriteshPalan
NIFTY--@Manipulation??Nifty index is broken the trendline strongly... Before going to break price a strong consolidation is given with a lot of liquidity lies below it... @22400 levels now price is exactly at the zone of resistance. the resistance zone is lies at 24000-24300, after a strong movement to upside price is still not given any retracement... Case1:: I am expecting either a strong retracement towards trendline. the retracement should be in the form of correction with slower one. Corrective pullback:: Case2:: After the liquidity above the 24000 and 24300, price has to give some retracement.. If we buy here it will completely becomes a manipulation.... Buying above the resistance zone is also a manipulation on topside... If price breaks the resistance zone, then will wait for a correction towards the trendline areas. Note:: So in order to buy the breakout of trendline the stoploss placement is very large...so with large stoploss will never go for buying... the 2 possible buying areas are 1.breakout candle at the trendline 2.after the liquidity grab below the strong consolidation zone( before breakout of trendline.) we have manipulation on both sides....if we go for long price will make an attempt of retracement as lot of liquidity lies below. Better to look for short above the resistance zone(topside liquidity).If no retracement now.
NSE:NIFTY
by IIT-Trader
2
Nifty Intraday Support & Resistance Levels for 21.03.2025🔎 Market Recap: On Thursday, Nifty opened gap-up, dipped to a low of 22,973.95, and surged to a high of 23,216.70, entering the 125m Supply Zone (23,144.05 - 23,235.50). It closed strong at 23,190.65, gaining 283 points from the previous close. 📉 Trend Analysis: Weekly Trend (50 SMA): Negative Daily Trend (50 SMA): Sideways 📉 Demand/Support Zones: Near Demand/Support Zone (75m): 23,021.60 - 23,068.25 Far Demand/Support Zone (75m): 22,882.80 - 22,937.70 Far Demand/Support Zone (75m): 22,697.75 - 22,774.35 Far Demand/Support Zone (Daily): 22,314.70 - 22,676.75 Far Demand/Support Zone (Daily): 21,964.60 - 22,261.55 Far Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950.00 📈 Supply/Resistance Zones: Near Supply/Resistance Zone (125m): 23,144.05 - 23,235.50 (Tested) Near Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 (Inside Weekly Supply) Far Supply/Resistance Zone (Daily): 23,443.20 - 23,807.30 (Inside Weekly Supply) Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Daily): 24,601.75 - 24,781.25 📊 Outlook & Strategy: Nifty continued its bullish momentum, respecting lower demand zones and pushing higher into the 125m Supply Zone. 🔹 Short-term Trend: Bullish but overbought 🔹 Key Watch: If Nifty sustains above 23,144, we could see an extension towards 23,443 - 23,807 in the coming sessions. However, profit booking is possible from these supply zones. 🔹 Caution: 23,222 - 23,807 (Weekly Supply Zone) could act as a strong resistance, leading to a pullback towards 23,021 - 22,882 if rejection is observed. 📢 Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Trading and investing in the stock market involve risk, and past performance does not guarantee future results. Always conduct your own research and consult with a certified financial advisor before making any trading decisions. The author is not responsible for any financial losses incurred based on this analysis.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 20.03.2025Market Recap: On Wednesday, Nifty opened gap-up, dipped to a low of 22,807.95, and then rallied to a high of 22,940.70, entering the 75m Supply Zone (22,915.30 - 23,049.95). It closed at 22,907.60, gaining 73 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned sideways from negative. Demand/Support Zones Near Demand/Support Zone (30m): 22,770.35 - 22,798.30 Near Demand/Support Zone (15m): 22,697.75 - 22,736.30 Far Demand/Support Zone (Daily): 21,964.60 - 22,261.55 Far Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 22,915.30 - 23,049.95 (Tested) Far Supply/Resistance Zone (125m): 23,144.05 - 23,235.50 Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Outlook As expected, Nifty held the Daily Demand Zone and rallied past the 50% retracement level (22,885.95). The short-term trend remains bullish, and if the momentum sustains, Nifty could extend the rally towards 23,103 or even the Weekly Supply Zone at 23,222 in the coming days. 🚨 However, caution is advised as Nifty has touched the 75m Supply Zone today, which may lead to some selling pressure.
NSE:NIFTY
by PriteshPalan
Excellent Break Out by Nifty. Will the momentum continue?Today the Nifty had a good leap after a lot of consolidation. The key question is will the momentum continue or FIIs will again take this opportunity to book profit. Today FII is on the net buying side after a long time. If the buying continues or even if FII remains neutral there is a good chance that we can see upside from here. Key resistances for Nifty remain at 22857, 22921 and 22985. Above 22985 Nifty can gain more strength and may try to regain the levels of 23044, 23147 and 23249. 23404 as of now remains a mega resistance which is also the 200 days EMA of 200 days Father line. This zone as of now is little difficult to cross. Closing above 23404 can give might boost to the Bulls and a new Bull run can begin post closing above this point. Supports for Nifty at this juncture remain at 22726 (200 hours EMA or Father line of Hourly chart), 22594 and 22543. A closing below 22543 which is the Mother line support of the hourly chart or the (50 Hours EMA). As there are small signs of reversal on the cards. It is a good time to read my book the Happy Candles Way to Wealth Creation. This is one of the highest rated books on Amazon. This book will teach you Behavioural Finance, Fundamental Analysis and Technical analysis. Every Bull Rally has a top and every Bear run has a bottom. If you can identify them. If you can understand the risk reward ratio. If you can understand the profit booking points, entry points the Mother, Father and the Small Child theory. The magic of Mother and Father lines. There is a lot of money to be made in the stock market. You need to learn, study and form your own strategy. If you want a ready made strategy then this book offers Happy Candles Number Strategy. All these things will help you in creating generational wealth. Do read my book and evolve into a Magnificent Investor and a Wealth creator. The Book is only priced at Rs.349 go ahead grab your copy. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 17.03.2025Thursday’s session saw Nifty opening with a gap-up, touching a high of 22,558.05, but it couldn’t sustain the momentum and dropped to a low of 22,377.35 by the end of the day. It closed at 22,397.20, losing 73 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain negative. Demand/Support Zones Near Minor Demand/Support Zone (15m): 22,329.55 - 22,370.20 Near Demand/Support Zone (Daily): 21,964.60 - 22,261.55 Far Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Minor Supply/Resistance Zone (75m): 22,595.90 - 22,676.75 Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Outlook The outlook remains unchanged from the previous update—if the Daily Demand Zone support holds, we might see Nifty testing 22,885 or even 23,100 in the coming days. However, continued selling pressure at resistance zones could keep the index range-bound.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 12.03.2025Tuesday’s session saw Nifty opening gap-down due to negative global cues, hitting a low of 22,314.70 before gradually recovering to a high of 22,522.10 by the end of the day. It closed at 22,497.90, gaining 37 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned negative from oversold levels. Demand/Support Zones Near Demand/Support Zone (Daily): 21,964.60 - 22,261.55 Far Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Minor Supply/Resistance Zone (75m): 22,595.90 - 22,676.75 Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Outlook After making a recent high of 22,676.75 on Monday, Nifty faced selling pressure but managed to recover from 22,314.70 on Tuesday, closing near 22,500, showing some bullish strength. However, the index has not retraced much from its fall between 23,807.30 to 21,964.60. If the Daily Demand Zone support holds, we could see a potential move towards 22,885 or even 23,100 in the coming days.
NSE:NIFTY
by PriteshPalan
NIFTY : Analysis, levels, Prediction and next aheadThis chart provides an analysis based on Elliott Wave theory (Modified with psychological behavior), showing how the NIFTY 50 index has moved through different phases and highlighting important levels where price actions suggest significant market behavior. Initially, prices consolidated around 21174-22469, forming the base of a larger upward move referred to as Wave C which was started from 15290 on weekly chart. This phase is significant because it shows the market finding strong support, where buyers stepped in to absorb selling pressure. This type of consolidation often indicates the foundation of a bullish rally. From here, the index began its upward journey, reaching an extended Wave C completion zone between 25,096 and 26,641 which was predicted on 30-Aug-2024 when prices were trading at 25151 . from this range, prices started to lose strength, which is typical when markets approach exhaustion zones in an extended trend. The selling pressure increased, leading to a reversal. charts.fyers.in After hitting this extended resistance zone, the market entered a correction phase, forming Wave A. This phase is marked by a sharp decline, with prices finding support at 23,263, a significant 50% retracement of the previous move. Retracements like this are crucial because they represent a balance point where the market pauses to decide its next move. The 50% retracement is also a key Fibonacci level, often considered a strong resistance / support area. from retracement zone prices started decline again to complete its structure of ABC (Correction wave) Currently, the index is trading in the first corrective Wave C zone between 22,762 and 23,061. This range is critical because it represents a decision point for the market. If prices hold here, it could signal the end of the correction and the start of a new upward wave. If the market fails to sustain this level, it could move further downward toward the extended correction zone at 21,617–21,893. This area is identified as a potential bottoming-out zone where strong support is expected. Historically, such zones offer good buying opportunities for traders looking for a trend reversal. However, if prices fail to hold even this extended correction zone and break below 21,174, it would confirm a decisive bearish trend on both weekly and monthly charts. A breakdown like this would suggest a prolonged sideways or negative trend, meaning the market could struggle to recover for some time. In summary, the chart highlights key areas to watch for potential market reversals. If prices hold above 22,762, there’s a good chance of a bullish recovery, and this could be a buying opportunity. On the other hand, if prices break below this level, the next significant support lies around 21,617–21,893. A failure to hold even that zone would shift the outlook to bearish, signaling the end of the bullish trend and a move toward a deeper correction. Understanding these levels and their significance helps traders and investors make informed decisions about when to enter or exit the market.
NSE:NIFTY
by LiveTradingBox
2
Nifty Intraday Support & Resistance Levels for 04.03.2025Monday’s session started on a positive note with a gap-up, as Nifty touched a high of 22,261.55 but failed to sustain and dropped to 22,004.70. It later recovered slightly, closing at 22,119.30, losing just 5 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is now in oversold territory. Demand/Support Zones Near Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 22,508.40 - 22,625.30 Far Supply/Resistance Zone (Weekly): 22,720.30 - 23,049.95 Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Outlook Nifty has declined 4,272 points (16%) in the last 5 months from its All-Time High of 26,277. The Daily 50 SMA is now oversold, which could lead to some buying near the 22,000 psychological level. However, multiple gaps and fresh supply zones on the Daily and Weekly charts indicate that any upside move is likely to face selling pressure at higher levels. A Sell-on-Rise strategy remains favorable until a strong reversal is confirmed.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 25.02.2025Monday’s session saw Nifty opening with a massive gap-down of over 185 points at 22,609.35, attempting a minor recovery to 22,668.05, but eventually slipping to a low of 22,518.80. It closed at 22,553.35, losing 242 points from the previous close. Both the Weekly (50 SMA) and Daily Trend (50 SMA) are now negative, signaling weak market sentiment. Demand/Support Zones Near Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Minor Supply/Resistance Zone (5m): 22,605.55 - 22,617.80 Near Supply/Resistance Zone (15m): 22,763.20 - 22,812.20 Near Supply/Resistance Zone (75m): 23,176.15 - 23,235.50 Far Supply/Resistance Zone (75m): 23,248.45 - 23,301.75 Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 Outlook With Nifty breaking and closing below the key 22,600 - 22,800 support zone, bulls are struggling to hold ground. This breakdown confirms a Lower High - Lower Low pattern, reinforcing a Sell-on-Rise strategy. Unless Nifty reclaims 22,800 decisively, expect further downside pressure.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 20.02.2025Wednesday’s session saw Nifty opening gap-down, touching a low of 22,814.85, before staging a sharp recovery to 23,049.95. However, selling pressure kicked in at higher levels, leading to a close at 22,932.90, down 12 points from the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, reflecting market indecision. Demand/Support Zones Near Demand/Support Zone (Daily): 22,620.35 - 22,910.15 (Tested multiple times) Far Support Level: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,176.15 - 23,235.50 Far Supply/Resistance Zone (75m): 23,248.45 - 23,301.75 Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 Far Supply/Resistance Zone (Daily): 23,443.20 - 23,807.30 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30 Outlook For the last four trading sessions, Nifty has been finding support near 22,700 - 22,800, but struggling to close above 23,000. If it crosses 23,000 - 23,050, we may see an up move toward 23,200. However, multiple supply zones between 23,176 - 23,400 could act as resistance, leading to renewed selling pressure.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 17.02.2025Friday’s session saw Nifty opening with a gap-up, but it failed to sustain the momentum. After hitting a high of 23,133.70, it reversed sharply, making a low of 22,774.85, testing the Daily Demand Zone (22,642.60 - 22,910.15) for the third time. A partial recovery followed, but Nifty still closed at 22,929.25, losing 102 points from the previous close. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, signaling indecision. Demand/Support Zones Near Demand/Support Zone (Daily): 22,642.60 - 22,910.15 (Tested multiple times) Far Support Level: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,248.45 - 23,301.75 Near Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 Near Supply/Resistance Zone (Daily): 23,443.20 - 23,807.30 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30 Outlook Nifty’s repeated tests of the daily demand zone suggest that buyers are still active, but a break below 22,640 - 22,600 could trigger further downside toward 21,281. On the upside, a move above 23,250 - 23,300 could open the door for a push toward 23,800 - 24,000.
NSE:NIFTY
by PriteshPalan