Get started

Niftyanalysis

Nifty 07Aug23 to 11Aug23 Short,Medium,Long Term & StockPickNifty 07Aug23 to 11Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19517 ( 19646) and touched low & high of 19298 and 19796. Nifty crossed the Short term support 19500 and touched the medium term support 19300 given last week and then bounced back to 19500. RSI and Stochastic level dipped to 52 % & 32%. There is a little sign of recovery as per stochastic chart. Nifty- Short Term might raise. Resistance at 19600-19700 ( Inclined Trend line), Fib Retracement 0.681 ( 19730), Fib Retracement- 0.5 19848 Support at 19500 ( Shown in thick red support line) Nifty Medium Term - Above 19850 Fib 0.5 Retracement/ 20000 (Previous high 19997) it will take it to 20100-20150-in Medium term. Nifty support at 19300/19000 Can initiate sell around 20000/20150 ( Fibonacci 1.618 level) Long term- Q1 results are average for majority of stocks except Banks stocks & to review the Q2 results. Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Accumulate CIE Automotive (RS 473.5 ) call was given last week and touched 8% up on the first day of last week and AXIS Bank (950) dipped to 930 last week generated buying opportunity. Can add in their portfolio with Medium term outlook . Other buy Calls provided a month before: HDFC Bank , L&T Tech ( 8% up), KPIT (8% Up in last week), PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (18 %), Route Mobile, Bank of Maharashtra ( 25 %), Andhra Paper(3%) Accelya Solutions (4% up)
NSE:NIFTY
by karthikss
NIFTY to start falling more than S&P500 from next week onwardsNIFTY/SPX chart has hit the upper trendline of ASCENDING WEDGE this week. it had hit the upper trendline 2 TIMES and the lower trendline 3 TIMES till now and has reversed every time since 2020 we can clearly see that whenever the price has reversed from the LOWER TRENDLINE , NIFTY has started performing better than S&P500 and whenever price has reversed from the UPPER TRENDLINE S&P500 has started performing better than NIFTY Now that the REVERSAL is imminent in the WEDGE pattern and global markets are VERY BEARISH , hence we can expect that the BEAR RALLY of indian market is over and it will become MORE BEARISH than the USA market from the next week onwards SP:SPX NSE:NIFTY Thanks a lot for reading...
NSE:NIFTYShort
by peace_lover
6
Nifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPickNifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19646 ( 19745) and touched low & high of 19572 and 19871. Nifty long call was given Three week back (at 19250) and touched all time high 19996 RSI and Stochastic level dipped to 60 % & 48%. Nifty- In Short term might increase Resistance at 20000, Support at 19500 ( Shown in thick red support line) Nifty Medium Term - Above 20000 it will take it to 20100-20150-in Medium term. Nifty support at 19300/19000 Can initiate sell around 20000-20150 ( Fibonacci 1.618 level) Long term- Q1 results are average for majority stocks except Bank stocks so far & to review the Q2 results. Stock specific approach needed in upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Can add CIE Automotive (RS 473.5 ) and AXIS Bank (950) in their portfolio with Medium term outlook - 30-Jul-23 HDFC Bank , L&T Tech ( 8% up), KPIT , PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (16 %), Route Mobile, Bank of Maharashtra ( 25 %), Andhra Paper(3%) Accelya Solutions Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Nifty 10Jul23 to 14Jul23 Short,Medium,LongTerm & StockPickNifty 10Jul23 to 14Jul23 Short,Medium,Long Term & StockPick Nifty closed at 19313 ( 19189) and touched low & high of 19239 and 19525. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given last week , on an average raised 3-5 % in one week( Can accumulate on dip if it already raised): Disclaimer: For analysis purpose only. Many stocks raised considerably in last two weeks. HDFC Bank , L&T Tech ( 4% up), KPIT , PI Ind ( 4% up ), Dr Reddys ( 5% Up), Ujjvan Small Fin (11 %), Route Mobile, Bank of Maharashtra ( 18.5%), Andhra Paper,(4%) Accelya Solutions Nifty lomg call was given last week and slightly increased in this week. RSI and Stochastic level dipped to 68 % and 78% respectively. Nifty- In Short term might increase Resistance at 19650, Support at 18890 Previous high/ 19040 (Inclined trend line resistance) Buy on Dip above this support level Nifty Medium Term - Above 19650 it will take it to 19800-in next 2-3 weeks Nifty support at 18620/18446 ( Fibonacci) Can initiate sell around 19800-20000. Long term- Targets of 20000/ 20155 ( Fibonacci resistance) Nifty have multiple support for long Term - 18000 / 18260/ 18210/18109 ( Previous Highs) Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTYLong
by karthikss
Very Important Fibonacci resistance level approaching in Nifty.Very Important Fibonacci resistance level 19448 approaching in Nifty. If Nifty can sustain above it above 19450 the doors will open for next Fibonacci level of 20162. I dare say Nifty needs some consolidation and RSI needs some cooling down before the next big leap. RSI is right now 74.85 and as soon as it touches 80, Nifty will enter Overbought zone if already it is not overbought. Investors should take care of their trailing stop losses. Take care of their profits by putting proper trailing stop losses/ stop losses. If Nifty jumps the resistance and sustains 19450 well and good but if not there should not be loss. Loss in profit is ok if a trailing stop loss is hit but important thing is profit should not become loss in case of correction.
NSE:NIFTY
by Happy_Candles_Investment
1
Nifty 3Jul23 to 7Jul23 Short,Medium,Long Term & StockPick Nifty 3Jul23 to 7Jul23 Short,Medium,Long Term & StockPick ( most of the stocks Raised average 3-5% in one week) Nifty closed at 19819 ( 18665) and touched low & high of 18648 and 19207. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given last week , on an average raised 3-5 % in one week( Can accumulate on dip if it already raised): Disclaimer: For analysis purpose only. HDFC Bank ( 4% up from Last week), L&T Tech, KPIT ( 4% up from Last week), PI Ind ( BOD 3500), Dr Reddys ( 5% Up), Ujjvan Small Fin, Route Mobile, Bank of Maharashtra ( 6.5% up), Andhra Paper, Accelya Solutions Nifty was expected to crossed the resistance at 19060/19100 decisively. RSI and Stochastic level raised to 97 % and 71% respectively. Nifty- In Short term might increase Resistance at 19275-19281 for two weeks, Support at 18890 Previous high/ 19040 (Inclined trend line resistance) As mentioned before time to Clean the portfolio can initiate sell if face stiff resistance at above levels. Nifty Medium Term - Nifty on decisive upward move above 19275-19281 it will take it to 19614/ 19695 Nifty support at 18620/18446 ( Fibonacci) Long term- Need to decisively close above 19350 to reach targets of 19500/20000 Nifty have multiple support for long Term - 18000 / 18260/ 18210/18109 ( Previous Highs) Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTYLong
by karthikss
Our Chart continues to work perfectlyAs you can see and we had depicted yesterday Nifty had taken a firm support at 18646 and the only now was upwards. Despite negative to Neutral US markets Nifty opened gap up above what was 50 Hours EMA, confirmed support of the EMA at 18742 for few hours and then marched ahead. The march of Nifty was halted by the Mid-Channel Line resistance at 18829 and that is where Nifty cooled down a bit to close the day at 18817.4. How is that for Precision? I hope you all are appreciating the efforts that we are putting in the analysis. What Nifty holds for tomorrow? If Mid channel line (18829) is conquered tomorrow and Nifty hold above it, we will be sooner than later looking towards re-approaching the All Time high of Nifty and probably this time around Nifty might even break it and make a new high. Resistances: 18829, 18840 and 18887.6. Post making a new high 18956 and 19018 can be very very tough resistances. Supports: If the Nifty is not able to conquer 18829 to 18840 range and sustain above it the supports will be at 18795, 18742, 18646, 18576 and 18421.
NSE:NIFTYLong
by Happy_Candles_Investment
Fall Together from ATHObservations:: NSE:NIFTY and NSE:BANKNIFTY If we see the Nifty trending upwards.... If we see Bank nifty Trending downwards..... These 2 indexes are behaving differently.... Bank nifty broken the ATH in the last month only.... Nifty if break today...will say that it will also break ATH... Bank nifty index Price after broken ATH Reversal again and fall happens. If today nifty also break ATH, then it may also reversal... we may expect price fall like happens in bank nifty. the price is also at its ATH, near its trendline Break...price may break trendline as well. Before Going to Break ATH, price is in consolidation happens in Bank nifty. In Nifty after Breaking ATH, will coming below may again consolidates....like happens in Bank nifty. consolidation may Happens here...or Note:: Nifty is Near ATH, and If today Bank nifty will also come back to near its ATH, then Both will fall together. Lets See What Happens...If this post is Helpful...like it. Thank you
NSE:NIFTY
by IIT-Trader
3
The Zone around ATH is proving to be a tough resistance. The Zone around 18862 and ATH of 18887.6 is proving to be a tough resistance to conquer. Nifty has so far made multiple attempts but has not been successful so far this week after coming in the touching distance couple of times. Once ATH resistance is crossed the next resistance will be near 18953 and 19018. But before we get there Nifty might again take a dip in search of a proper launchpad for that leap of faith. Global markets are expecting a hike by FED again in July FOMC as the action was PAUSE but commentary was hawkish. If that remains the case little bit of correction can also happen in Nifty. In such a scenario the supports this week will be 18827, 18790, 18756 and 18660. Below 18524 bear will try to snatch back control. Possibility of that happening is difficult this week. But we never really know.
NSE:NIFTY
by Happy_Candles_Investment
The Question is When will Nifty Hit the All Time High? Nifty staged dramatic recovery in the afternoon today and covered shorts shocking the bears who were thinking of staging a comeback. Nifty hourly candle took support at 18660 and staged a mighty comeback of about 156 points to end the day at 18816 which is just below the resistance zone of 18842 and 18865. Final resistance will be 18887.6 which the the all time high of Nifty. Supports for Nifty are near 18790, 18752 and a strong support of 18726 followed by supports at 18660 and 18500. So the answer to the question The Question is 'When will Nifty Hit the All Time High?' is very soon. It can be later this week it can be tomorrow.
NSE:NIFTYLong
by Happy_Candles_Investment
2
Again invariably Mid-Channel line comes to rescue. Again invariably Mid-Channel line comes to rescue as the NIFTY failed to make new All Time High today after coming very very close to the top. When you are near the top or while bottom is forming volatility will be at it's peak as near the top there will be profit booking and near the bottom there will be loss boking. Spot Nifty Supports and resistances are as under: Nifty supports: 18717, 18637, 18555 and finally 18482. Below 18482 Bears will come out of coma and will try to regain control. Nifty Resistances: 18784, 18826, 18865 and finally 18887.6 (Previous Top). Top of the current channel can be between: 18887.6 and 19020.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty 19 Jun 23 to 23 Jun 23 Short ,Medium and Long TermNifty 19 Jun 23 to 23 Jun 23 Short ,Medium and Long Term Nifty closed at 18826 ( 18563) and touched low & high of 18561 and 18862. Buy call was given on dip on 21-May-23 at 18181. The stiff resistance provided (inclined trend line ) for the week 18745 to 18786 acted well, on the last day of the week, nifty broke the weekly resistance on a decisive note. RSI and Stochastic level raised to 65% and 85% respectively. Nifty- expected to cross prev. High 18890, short term is sideways/ short dip expected after touching 19060/19100 as shown inclined line (blue color) which will act as resistance for short term. Can book some profits at this level. Sell overvalued stocks. Nifty support at 18620 Nifty Medium Term - Nifty expected to break 19100 and to touch 19200-19350( red inclined resistance) in medium term. But as mentioned above after a dip. Support - 18446 ( Fibonacci). Long term- Need to decisively close above 19350 to reach targets of 19500/20000 Nifty have multiple support for long Term - 17865/18000/18111 Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Gap-up above Mid-Channel line & sustaining above it is a big +veGap-up above Mid-Channel line & sustaining above it is a big positive which most probably will take is to the channel top or near the channel top. Right now the resistances in front of NIFTY are at 18728 and 18778. Supports for Nifty are now same Mid-Channel line 18639, 18555 and 18465. Things look Bullish, positive and vibrant as of now...Looks like Nifty will try to give it a shot to reach All Time High...
NSE:NIFTYLong
by Happy_Candles_Investment
Importance of mid channel line in parallel channel tool. Last 3 weeks or so we saw the Importance of mid channel line in parallel channel tool. Thrice Mid channel line supported the Nifty and Nifty bounced from there. When a support is taken multiple times mostly it becomes weak. This led to fall of Nifty below Mid channel line. Once the price is below the line which was a support. The line becomes a resistance. Mid channel line is now a resistance and the same line is stopping Nifty from going ahead since couple of sessions. It was an important lesson hence explaining at depth. Nifty Resistance remain at: 18624, 18678, 18722 and 18778. Nifty Supports present at: 18555, 18512, 18465, 18402 and finally 18371.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty 12 Jun 23 to 16 Jun 23 Short ,Medium and Long TermNifty 12 Jun 23 to 16 Jun 23 Short ,Medium and Long Term Nifty closed at 18563 ( 18535) and touched low & high of 18537 and 18772. Buy call was given on dip on 21-May-23 at 18181. The stiff resistance provided (inclined trend line ) for the week 18689 to 18734 acted well. nifty faced that resistance as expected. RSI and Stochastic lowered to 60% level from 72-75%. Nifty- short term is sideways/ short dip. Nifty support at 18446 ( Fibonacci) / Previous highs at 18274 /18204/18111 Nifty Resistance is at 18620 and inclined trend line (Resistance 18745 to 18786 ) as shown in the chart. Buy on Dip Nifty Medium Term - Nifty expected to break 18620 and to touch previous high of 18890 /19000 in medium term. Nifty have multiple support for Medium Term - 17865/18000/18111 Long term- Need to decisively close above 18890 ( Previous Dec22 High) and also the very important resistance ( Red Inclined line shown 19200- 19350)to reach targets of 19500/20000 Support at 17850 /17550 /17200 Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss