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Niftyanalysis

Nifty Short , Medium & Long Term View-11-Dec-23 to 15-Dec-23Nifty Short , Medium & Long Term View-11-Dec-23 to 15-Dec-23 Nifty closed at 20520 (Prev Week close 20227) and touched low & high of 21006 & 20520. Market touched all time high of 21000 last week after a massive run post election results of 3 states. RSI and stochastics levels nearing the overbought zone ( 83% & 97 % Respectively) . Nifty- Short Term Resistance at 21082 ( Fib Resistance 1.618) and 21170 ( Calculated diff in % from dec 22 high 18906 to Mar 23 Low 16833). These above two resistances are critical as market in overbought zone. Market is in overbought zone. Profit booking upto 30% was suggested in the last week, Almost i have booked 10-15% profit has been booked in Equities & Mutual Funds. 50% of ulip shifted from equities to debt funds as we get free switches in ulip. Support at 20500, 20225 ( prev high) Nifty Medium Term & long Term - Market need to decisively close above 21170 to achieve 21500/22000/22500 target. Support at 19345, 19230, 19164, 19000 Long Term market range bound between 21170 to 18800 till elections are completed. Comment : Market Volatality expected to continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary. Q3 Results & Policy change need to be looked into for next year growth of Nifty.
NSE:NIFTY
by karthikss
H & S Breakout in Nifty, Feels like Euphoria Phase of Bull-run.Head and Shoulder like Pattern in formed in Nifty. Currently Nifty looks like overbought. RSI is also above 80 and it feels like Euphoria Phase of Bull-run is activated. For how long the continuous bull run can persist is difficult to say as market can remain irrational more than investors can remain rational. To have a sustainable growth a little bit of correction or consolidation would be good but you never know. Bull-run is called a Bull-Run for a reason. Major fibonacci resistance for Nifty is near 20920. Supports for Nifty are near 20695, 20518, 20222 and 19736.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Short , Medium & Long Term View-04-Nov-23 to 08-Dec-23Nifty Short , Medium & Long Term View-04-Nov-23 to 08-Dec-23 Nifty closed at 20227( Prev Week close 19794) and touched low & high of 19807 & 20295. Market Decisively crossed the 20000 and crossed the all time high (20218) and touched 20295. Pre poll survey result and GDP Q2 growth boosted the market. Monday will be gap up opening due to the state elections results. Current government having confidence in sailing through next year parliament elections. Hence one of the major risk expected is almost resolved. Market expected to move up to 20500 initially. RSI and stochastics levels nearing the overbought zone ( 75% & 97 % Respectively). Nifty- Short Term Resistance at 20450-20600 zone marked with blue circle. Those are trend line resitances and also the 20500 Target ( Red Horizontal Line) resistance is dervied from % of difference between pre covid peak ( 12400 ) and covid low (7500 ) and that % is applied from the 12400 ( Pre covid peak) is calculated to 20500. As Market near to overbought zone a downward movement to 20000 / 19850 is possible in coming weeks. Market is in overbought zone.Complete 30% Profit booking as specified before around 20450- 20600 and better to be with cash. Support at 20000, 19850, 19691 & 19528 Nifty Medium Term & long Term - Market need to decisively close above 20570 to reach 21000 target. Support at 19345, 19230, 19164, 19000 Long Term market range bound between 21000 to 18800 till elections are completed. Comment : Market Volatality expected to continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary. Q3 Results & Policy change need to be looked into for next year growth of Nifty.
NSE:NIFTY
by karthikss
Nifty Short , Medium & Long Term View-27-Nov-23 to 01-Dec-23Nifty Short , Medium & Long Term View-27-Nov-23 to 01-Dec-23 Nifty closed at 19794(19870) and touched low & high of 19671 & 19873 Last week Market was near to the resistance provided i.e 19856 level. RSI and stochastics levels nearing the overbought zone. Nifty- Short Term Resistance at 19875(last week high), 19923( Fib Resistance), 19996 (Prev High Shown in Green Color) supports at 19528 (Fib Resistance), 19365 (Fib Resistance), 19330 ( Prev.Low shown in Green Color) Nifty Medium Term & long Term - Market need to decisively close above 20000 to reach 20218( prev high) & 20500 target. Resistance 20000/ 20200 ( Prev. HIgh)/ 20500 Support at 19228 ( Prev low). Long Term market range bound between 20500 to 18800 till elections are completed. Oct 23 & NOv-23 Comment : There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$. Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey. As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening). Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path. This also will lead to high volatality in coming weeks. Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks invest in value stocks. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary.
NSE:NIFTY
by karthikss
Nifty Short , Medium & Long Term View-20-Nov-23 to 24-Nov-23Nifty Short , Medium & Long Term View-20-Nov-23 to 24-Nov-23 Nifty closed at 9870 (19525) and touched low & high of 19413 & 19870 Market crossed the inclined resistance line provided at 19550 decisively and moving towards 19800-20000. 19528 Resistance and 19692 Fibonacci resistance provided worked well day before yday&yday. Again if it crosses 20000 then 20500 is a big resistance as mentioned above. RSI and stochastics levels nearing the overbought zone. Nifty- Short Term Resistance at 19856(Prev. High shown in red color line), 19923( Fib Resistance), 19996 (Prev High Shown in Green Color) supports at 19528 (Fib Resistance), 19365 (Fib Resistance), 19330 ( Prev.Low shown in Green Color) Nifty Medium Term & long Term - Market need to decisively close above 20000 to reach 20500 target. Resistance 20000/ 20200 ( Prev. HIgh)/ 20500 Support at 19228 ( Prev low). Long Term market range bound between 20500 to 18800 till elections are completed. Oct 23 & NOv-23 Comment : There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$. Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey. As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening). Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path. This also will lead to high volatality in coming weeks. Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks invest in value stocks. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary.
NSE:NIFTY
by karthikss
Nifty Short-Medium-Long Term View- 13-Nov-23 to 17-Nov-23Nifty Short/Medium/Long Term View- 13-Nov-23 to 17-Nov-23 Nifty closed at 19525(19230 )and touched low & high of 18312and 19550 "Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range" Market exactly followed the resistance provided as mentioned above last week and closed on danteras at resistance ( target) provided at 19550. Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result iand projected growth is necessary. RSI and stochastics levels recoverered from oversold zone in last 2 weeks. Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced backto 19550. Nifty- Short Term Nifty need to close deicisively above 19550 and move towards 19800-20000. Resistance at 19692 ( Fib Resistance) Else it will tend to lower down to 19327 support and 19160 ( Fib Support Levels) followed by 19000. Strong Support between 18427 ( Fib 0.5 Resistance) & 18800 Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated. Nifty Medium Term & long Term - Market need to decisively close above 20000 to reach 20500 target. Resistance 20000/ 20200 ( Prev. HIgh)/ 20500 below 18427 support, the next supports are at 18274/18000 Oct 23 & NOv-23 Comment : There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$. Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey. As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening). Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path. This also will lead to high volatality in coming weeks.
NSE:NIFTY
by karthikss
Nifty consolidating below 50 days EMA. Nifty is consolidating below 50 days EMA. Also note that 50 days EMA is the Mother line so the stock price below the same indicates that 50 EMA is a resistance(To Know what is Mother Father Small Child Theory contact us). Once this resistance is crossed the next resistances for Nifty will be at 19695, 19860, 20047 and finally 20215. Crossing and closing above 20215 will open the gates for Long Term Target or 21000 or by next Diwali even 22000. The supports on the lower side for Nifty remain at 19294, 19075, 18863 and finally 18663. Below 18663 Nifty becomes weak and Bears take control of the same.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY Analysis/Prediction for tomorrow Expiry 09-11-2023NSE:NIFTY Analysis/Prediction for tomorrow If market opens flat or Gap-Up 🟢 Buy CE Above 19520 or after 1 PM if market in range ✔️ Target Should be 19635 🔴 Buy PE Below 19400 ✔️ Target Should be 19280 If market opens Gap-Down (Below 19400) 🟢 Avoid CE 🔴 Buy PE near 19420 ✔️ Target Should be 19280 Important Notes: 🚨 Gap-UP & Gap-Down more than 100 points wait for price action. 🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback. ⚠️ Wait for the 5-minute candle to close for confirmation. ⚠️ Trade Like Either SL or Target. ⚠️ Important: Always maintain your Risk & Reward Ratio. Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
NSE:NIFTY
by TheTechNifty
Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23 Nifty closed at 19230 (19047 )and touched low & high of 18294 and 19274 RSI and stochastics levels recovering from oversold zone . Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced back a little to 19230. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash. Nifty was holding the inclined trend support provided at 18800 levels last week. Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks. Support between 18427 ( Fib 0.5 Resistance) & 18800 Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated. Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range. Nifty Medium Term & long Term - Nifty need to cross 19500 and need to break the resistance shown above to move to 19800/2000. below 18427 support, the next supports are at 18274/18000 Resistance 20000/ 20200 ( Prev. HIgh)/ 20500 Oct 23 & NOv-23 Comment : There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$. Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey. As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening). Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path. This also will lead to high volatality in coming weeks.
NSE:NIFTY
by karthikss
NIFTY Analysis/Prediction for tomorrow 08-11-2023NSE:NIFTY Analysis/Prediction for tomorrow If market opens in Zone 🟢 Buy CE Above 19435 ✔️ Target Should be 19500 🔴 Buy PE Below 19375 ✔️ Target Should be 19275 If market opens with more than 100 points gap then wait for price action and trade after one hour in same direction. Important Notes: 🚨 Gap-UP & Gap-Down more than 100 points wait for price action. 🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback. ⚠️ Wait for the 5-minute candle to close for confirmation. ⚠️ Trade Like Either SL or Target. ⚠️ Important: Always maintain your Risk & Reward Ratio. Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
NSE:NIFTY
by TheTechNifty