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Niftyanalysis

Nifty Rally, Uptrend continuation or Downtrend ?Hey, we had a range day today and it didn't feel like much. If you look at the previous trend pattern of the parallel channel on my chart, you will understand the reason for today's consolidation. Tomorrow is the RBI Interest Rate Decision, so the volatility will be high. Anyway, it look like there is no chance of a sudden dip tomorrow, but an upturn is likely to happen. If so, it may come between 18850 and 19000. However, I have mentioned in previous posts that the current trends prospects for a more bearish trending days. And a 5-wave down movement is also marked on this chart which reinforces it further. Such small 5 wave corrections strengthen the trend in one direction. Then it will be consolidate around 18800-900 range and fall down to a big correction wave which might be the 3rd wave of downtrend. And also the 4th wave of correction pattern of November 10.
NSE:NIFTYLong
by DeepuPrabhakarTrade
Nifty Levels & Strategy for 07/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. Nifty: Options data indicating mild bearishness ahead of RBI policy. Smart money/big players have added plenty of new bearish positions. USA market are already nervous ahead of another rate in next week. Tomorrow, we can expect a sideway move ahead of RBI policy. Post RBI policy market direction will be dependent on rate hike & commentary by RBI regarding inflation & growth outlook. Red Flags to keep in mind for coming days: 1.RBI meeting is going on. Reserve Bank of India (RBI) is likely to go ahead with another rate hike approx. 0.35% on Dec-07 2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen. 3.Gujrat results on Dec-08. Exit-poll results looking good for market Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday) Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 06/DEC/2022 NIFTY IS DOWN BY -58 POINTS Name Price Previous Day Change % Change Nifty 18643 18701 -58.30 -0.31% India VIX 14.04 13.73 0.31 2.26% OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 10207000, CE LTP: 6.5) Max OI (Puts) 18600 (Open Interest: 7505150, PE LTP: 39.4) PCR 0.71 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation Nifty Puts: ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
NIFTY 50 for tomorrow - 7 December 2022Nifty opens Gap down at 18600 vs the previous close at 18701. Since nifty opened at support around 18600-18550, we saw some recovery from there and it closed near the day's high at 18642. Now what's for tomorrow:- Above 18550 - the next resistance is at 18700-18720 Immediate support @ 18550-18600 Sustaining above these levels, the index can move towards 18700-18720, above these levels, the index is likely to trend better. Below 18550 - next support is at 18160 Trending above 18720 Trending below 18500
NSE:NIFTY
by manuagarwal21
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NSE:NIFTYEducation
by gurubhai
Will Nifty rally continues? Inverse Head and shoulders found.Don't forget to check out the chart analysis posted a few hours ago. Here I'm assuming with 15 minute time frame, that would give more clarification for a short-term upside potential or a retest possibilities to the all-time high area. As you can see from the chart, Nifty has formed an inverse head and shoulders pattern today. If Nifty can break the neck level or a gap-up above the neck line is considered as a bullish signal. But how long can we get a safe target? As with the head and shoulders pattern rules, you can adjust your target calculation using the length between the head and neck level. But surprisingly, this assumption also confirms further strong resistance levels are (18850-18900) area, I mentioned in the previous post. Moreover, the chart you are seeing now is of Nifty Indices, but in December future chart you cannot see this head and shoulder pattern, instead it is seen as an ascending channel, so the possibility of a downtrend is very high.
NSE:NIFTYShort
by DeepuPrabhakarTrade
Will Nifty rally continues? Is Nifty 20000 possible this year? Hi, as per my previous post our primary target was hit today and nifty showing upward pressure after going down to 38%. Will it rise further? Yes! Of course it can retest the previous day's high, exactly 78% of the Fibonacci ratio from the low created today. According to Elliott 5 wave movements, this can be the first phase of the 5th wave of the trend that started from November 10. But if you want to confirm it, it should goes up from the current all time high. There is a possibility that the market will come down from the resistance levels marked above between 18800 and 18900. If Nifty falls from that zone short positions can be taken for a few days. Also, if Nifty fails to hold above 18500 level, then our second target will soon become possible in this scenario. Please understand that nothing I tell you about market potential is a 100% guarantee.
NSE:NIFTY
by DeepuPrabhakarTrade
NIFTY Weekly Volatility Analysis 5-9 Dec 2022 NIFTY Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 1.87%, down from 1.9% last week according to INDIA VIX data With this in mind, currently from ATR point of view we are located in the 3rd percentile, while according to INDIA VIX, we are on 8th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 1.85% movement Bearish: 1.5% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 24.3% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 19070 BOT: 18370 Taking into consideration the previous weekly high/low, currently for this candle there is : 78% probability we are going to touch previous high of 18914 26% probability we are going to touch previous low of 18370 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates 80% bullish trend Daily timeframe indicates 80% bullish trend 4H timeframe indicates 53.3% bullish trend
NSE:NIFTY
by exlux
NIFTY50 is looking Bullish. 🤑 Nifty is likely to be Bullish till it's above 18700. ❓ Reason: Because Nifty is can support at Target of ATM Machine Indicator on Hourly Chart. 🚧 Upside Hurdles: 18750, 18830. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🍏 Positional Trend is Positive. 🍏 Long Term Trend is Positive. 📢 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 type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺ @ohotrading
NSE:NIFTYLong
by OhoTrading
NIFTY Outlook / Market Outlook 05th Dec to 9th Dec 2022Markets after making new high is looking for consolidation and support from where they can further launch ahead. US FED softening their stand on rate hike gave wings to global market but Jobs data from US and below expectation number of Indian GDP weakened the Bull run and turned the market negative. Another reason was profit booking by FIIs and other institutions. Important supports and resistance for Nifty at this stage are: Important Resistances: 18887 to 18904 and 19590. Important Supports: 18604, 18360, 17908 and finally 17673 (Major Medium Term Support).
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty in Downtrend what NEXT?Nifty is continuing the trend, but what happens now? Remember that it is only a correction, this movement can be considered as a correction part of the trend that started from September 30 so far. According to the Elliott wave, if the current correction is falling up to 38% to 68%, then it can be considered as the 4th wave correction of the five wave movement that start from the Sep 30. This is the golden ration you get when you mark the third wave from the 2nd wave using the Fibonacci tool. The big yellow box on the chart is the area where we have the last movement of the 4th wave. However, big buyers are currently seen playing in the 18300 and 19000 areas. So, we can find another small 5 wave movement started around November 10th. If this down movement is a 4th correction wave of the November 10th, it will not go below 18580 and start its upward journey from above 18580. You can find the retracement area is the small yellow box on the chart. In that case, the third wave of September 30 is not over yet, and a major downtrend can be expected at any time. .
NSE:NIFTYShort
by DeepuPrabhakarTrade
Nifty Levels & Strategy for 01/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty is overbought so avoid wait for a dip & continue to follow uptrend. Overbought does not mean you should sell but consider all time high levels as good level for profit booking. Today, US market is trading in red & SGX Nifty is trading in red & 100+ points down. Tomorrow morning, gap-down should be a buying opportunity with strict SL. Put premium are very low so we should avoid PE writing. Get into short trade only when support levels are broken convincingly. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 30/NOV/2022 NIFTY IS UP BY 140 POINTS Name Price Previous Day Change % Change Nifty 18758 18618 140.30 0.75% India VIX 13.81 13.62 0.19 1.41% OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 8442250, CE LTP: 2.35) Max OI (Puts) 18600 (Open Interest: 10727400, PE LTP: 9.2) PCR 1.63 (PCR is in overbought zone) Nifty Calls: ATM: Short Covering, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
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