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Niftyanalysis

Nifty Important levels and trade plan for Monday, 30th JanuaryIn daily time frame, Nifty is in downtrend, and in monthly it is in correction of an uptrend, if without any event in normal condition, we could expect a sideways trend in coming week, but this is not the scenario at present, with budget and other news and events, however we will plan our trades on regular ways, but with very limited quantity up to the coming expiry. Yesterday, Nifty reached 200-day exponential moving average, and in 75-minute time frame, it reached RSI level 20 from where showed some correction with a bullish candle, and based on these two, we may expect some up moves in coming days. For Monday, we have marked the levels in 15-minute time frame for intraday trade, where between 17723 and 17607 will be the no trade zone, Nifty above this level with a price action we can initiate a bullish trade, of course with very limited quantity, and in that case initial target will be at 17850, from where we can expect a proper resistance, and a reversal. But above this level, chances of reversal seem low. And based on price action, we may expect pause near 17950. And reversal from this level will depend on the timing only, On Monday if nifty reaches this level in the first half, then we may expect quick resistance, but if it reaches in second half, then by that time reversal chances will be less. For downward move below no trade zone, we may go for bearish trade. And based on price action, we may expect reversal from all the support levels marked, but yes, OI data doesn’t support this hypothesis. Again, all the support level marked will only work, if nifty starts downside move, on Monday without breaking the 17635 level. ***Personal opinion, not a trade advice***
NSE:NIFTY
by rahulbora11
5
Nifty Next Week. Will it turnaround or tank further? Nifty has broken all but final support in the run up to the Budget Week following the report by an FII firm against Adani group which holds shorts for the same. Although loan books of Private banks and many PSU banks has nothing to do or negligible involvement in the group, the full Bank Nifty has tanked due to a knee jerk reaction by the investors. Although there is nothing new in the report that investors did not know. When investors react in a panic mode at times the stocks having good and great valuation also get beaten along with the High valuation stocks. That is the nature of stock market. It is a spell which at times transfers money from the impatient to the patient. At the same time one should not be fool hardy and inflict pain upon oneself by holding on to the burning coal. The philosophy is intended and most of you will understand what I mean here. 17550 and 17457 are the key supports if broken we might be looking at 17341, 17103 or even 16746 levels. On the upper side in case of a turnaround and good budget the resistances will be near 17762, 17841, 17880 and 17978 before we can hit 18K levels again.
NSE:NIFTY
by Happy_Candles_Investment
Nifty short and long strategyHow 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.☺
NSE:NIFTYShort
by AIATMMACHINE
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.
NSE:NIFTYLong
by Happy_Candles_Investment
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.
NSE:NIFTYLong
by KardamRishi
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.☺
NSE:NIFTYShort
by AIATMMACHINE
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.☺
NSE:NIFTYLong
by AIATMMACHINE
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
NSE:NIFTYLong
by Happy_Candles_Investment
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.
NSE:NIFTY
by karthikss