Critical Friday awaiting FIIs intervention..As we have seen FIIs are withdrawing en masse, we are nearing the critical support zone of 17857 and 17762. These are 2 critical support where we assume / expect and hope for FIIs to return to buying mode or go into neutral mode. If they return or stop aggressive selling NIFTY can restart its journey into positive zone. In case of positive buying by FII and DII the resistances will be 17963, 18015 and 18136. Tomorrow will be an important day for short term trend.
In the long term Macros of Indian economy remain strong. Budget will be detrimental in deciding which sectors will be favoured by investors going forward.
Niftyanalysis
niftyDISCLIMER
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
Nifty Daily - Wave Count updateNifty wave count update
As soon as the channel was broken, it seemed that wave 4 had started. But when it went out of bounds and started going down again without starting wave 5, the picture became clear that this was not an impulsive wave. It did not follow the essential rules of Wave 4. ABCDE this triangle is being formed. The trend line has been drawn to confirm the completion of the triangle pattern. The subsequent impulse wave is expected to form a new top.
Nifty buying and selling levelsHow to trade from now?
Nifty Buying only = above 18106.
Nifty Selling only = below 18063.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
niftyDISCLIMER
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
Nifty long and short levelsHow to trade from now?
Nifty Buying only = above 18106.
Nifty Selling only = below 18063.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Nifty Moving NicelyNifty on hourly charts is looking pretty strong. Major hurdles for NIFTY are going to be 18136 which is a minor hurdle. Major hurdles are going to be 18184 and 18265. 18265 will be pretty tough to take down but once it is taken down the next resistances will be near 18346 and 18474. Supports that Nifty has on the down side are 18102 and 18059 (Strong support). Below 18059 Nifty can again go back to test the support near 17963 or 17762. Nifty has a chance here to pick up the much awaited pre-budget momentum
Nifty 23 Jan 23 to 27 Jan 23 Short ,Medium and Long TermNifty 23 Jan 23 to 27 Jan 23 Short ,Medium and Long Term
Nifty closed at 18027 (Prev close 17956)
As highlighted in prev weeks nifty is in sideways movement.
Q3 Results didnt entralled the investors to the expectation, except Banking sector results. Banking sector good performance(results) was expected as mentioned in last 2 weeks analysis but the bank index didnt moved much. Expect infra push continues in budget.
Currently market is eagerly waiting for budget.
Wait for the market to dip to the support levels mentioned below. Partial profit booking (20-30%) stocks can be initiated in portfolio stocks and add value stocks.
Overall Strategy: Neutral till budget & accumulate on dips w.r.t the support level given below.
Nifty short term
Index will be range bound from 17775-18260 till budget. If it breaks below 17775 major support (Shown in dark blue line -Aug 22 & Feb 22 High), then next major support 17564 ( Fibinoccai 0.318 New)/ at 17435 (Oct22 High Shown in dark Red line).
Need to cross firmly above sustain above 18260 to reach initial target of 18350(Jan22 High shown in dark Green color) /18440 and 18550 in the coming weeks.
Medium term target
18900 as long as market above 16800/17000 levels.
Long term target 19500.
Nifty Bank Index is still under oversold zone, Stocks like Axis Bank, Kotak Bank, Ujjvan Small Fin bank and BOB looks promising. If nifty moves towards 19500, Nifty Bank will definitely might move to 46500 level from current 42506 little better % than nifty.
Nifty Intraday and Weekly view for the last week of January We are still trading in an indecision zone, The current market structure is sideways, and we need to wait to shift this range, either upside or downside, to predict the next move of the #nifty50 Index.
Hourly Market structure is showing some strength, but it is unreliable to view the upside; we need more confirmation. Next week will be essential for us to plan the next swing of the Index. I have marked all the Important levels on the chart to prepare for the following week.
Intraday for Monday, 23rd January 2023
The Index closed above 18,000 on the Friday trading session following the trend line support confirmed with the previous swing high, so we are making our intraday on Friday data.
Intraday long above 18,110 for the target of 18,145/18,183
Intraday short Lower than 18,000 for the target of 17,950/17,910
Market Outlook: Perfect Doji of indecisiveness.Nifty again feeling trapped within the support and resistance zones of 17850 and 18200. Nifty tried but was not able to break free. Good news was that major support levels did not break. At global level the investors emotions are also hovering between global recession and soft landing of US economy. There is a hope of US Federal Reserve loosening the Hawkish stance but there is a fear of Bank of Japan becoming more Hawkish. It is a perfect ‘Doji’ on weekly chart again this week, indicating indecisiveness, hope and fear. Reflection of Global mood can also be seen in NIFTY. Hopefully Nifty can break on the positive side this week as there is not much space for indecisiveness left in the squeezing triangle created in the chart.
Support Levels: 17854, 17767 and 17386.
Resistance Levels: 18136, 18187 and 18279.
19/01/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap-Down is going to open
After A gap-Down openaning if Banknifty sustain above 42400 and taking support from 42400 then open target for T1-42600,T2-42800,T3-43000
If the Banknifty after a gap-Down opening make not sustain below 42200 and making resistance below 420000 then the open Traget for T1-41800,T2-41600,T3-41500
Major Levels 42200,42000,42400