BANKNIFTY/NIFTY ANALYSIS FOR TUESDAY 20TH JUNE-FOR EDUCATION PURBANKNIFTY/NIFTY ANALYSIS FOR TUESDAY 20TH JUNE-FOR EDUCATION PURPOSE
BANK NIFTY:-
If BankNifty sustain the level of 43650 break 43750,then 43850-43950-44050 level can be achieved.
If BankNifty break down 43650 and break 43550 spend time below then 43450-43350-43250
NIFTY:-
If Nifty sustain the level of 18750 and break 18875 then 18800-18825-18850 level can be achieved.
If Nifty break down 18750 and break 18725 then 18700-18675-18650-18600.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#tommorrowMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookfortommorrow
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommorrow
#bankniftytargettommorrow
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
#derivaties
#derivative
#stockmarketinindia
#nse
#bse
#trader
#traders
#derivativetrading
#VIJAYANJUM
Niftybank
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%)
NIFTY 50 BEARISH MOMENTUM STARTED AS PREDICTED YESTERDAYI posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join the ride now at 18775 area with 3 possible Take profit areas
TP 1: 18721
TP 2: 18635
TP 3: 18556
SL: 18810
use proper money management and this analysis is for educational purpose only and not a financial advise.
BANKNIFTY/NIFTY ANALYSIS FOR FRIDAY 16TH JUNE-FOR EDUCATION PURPBANKNIFTY/NIFTY ANALYSIS FOR FRIDAY 16TH JUNE-FOR EDUCATION PURPOSE
BANK NIFTY:-
If BankNifty sustain the level of 43500 break 43550,then 43550-43650-43750-43850 level can be achieved.
If BankNifty break down 43500 and break 43400 spend time below then 43350-43250-43150
NIFTY:-
If Nifty sustain the level of 18700 and break 18725 then 18750-18775-18000 level can be achieved.
If Nifty break down 18700 and break 18650 then 18625-18600-18575.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#tommorrowMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookfortommorrow
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#16th june nifty
#16th june banknifty
#16th june marketanalysis
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
#derivaties
#derivative
#stockmarketinindia
#nse
#bse
#trader
#traders
#derivativetrading
#VIJAYANJUM
NIFTY 50 all set to fallNIFTY 50 is currently trading around 18727 and has reached at major Daily and Weekly resistance area and current price action doesn't show any signs that it break break the resistance so my idea is it will be bearish during this week. Below is the possible sell opportunity
Sell around 18727
STOP LOSS: 18803
TAKE PROFIT 1: 18559
TAKE PROFIT 2: 18383
use proper money management and this analysis is for educational purpose only and not a financial advise.
BANKNIFTY/NIFTY ANALYSIS FOR THURSDAY 15TH JUNE-FOR EDUCATION PUBANKNIFTY/NIFTY ANALYSIS FOR THURSDAY 15TH JUNE-FOR EDUCATION PURPOSE
BANK NIFTY:-
If BankNifty sustain the level of 43950 break 44050,44150-44250-44300 level can be achieved.
If BankNifty break down 43950 and break 43900 spend time below then 43850-43750-43650
NIFTY:-
If Nifty sustain the level of 18750 and break 18775 then 18800-18825 level can be achieved.
If Nifty break down 18750 and break 18725 then 18700-18675-18600.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#thursdayMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookforthursday
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#15th june nifty
#15th june banknifty
#15th june marketanalysis
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
#derivaties
#derivative
#stockmarketinindia
#nse
#bse
#trader
#traders
#derivativetrading
#VIJAYANJUM
BANKNIFTY/NIFTY ANALYSIS FOR WEDNESDAY 14TH JUNE-FOR EDUCATION BANKNIFTY/NIFTY ANALYSIS FOR WEDNESDAY 14TH JUNE-FOR EDUCATION PURPOSE
BANK NIFTY:-
If BankNifty sustain the level of 44000 break 44100 ,44150-44200-44250 level can be achieved.
If BankNifty break down 44000 and break 43950 spend time below then 43850-43750
NIFTY:-
If Nifty sustain the level of 18700 and break 18750 then 18775-18800 level can be achieved.
If Nifty break down 18700 and break 18650 then 18625-18600-18575.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#wednesdayMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookformonday
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#14th june nifty
#14th june banknifty
#14th june marketanalysis
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
#derivaties
#derivative
#stockmarketinindia
#nse
#bse
#trader
#traders
#derivativetrading
#VIJAYANJUM
BANKNIFTY/NIFTY ANALYSIS FOR TUESDAY 13TH JUNE-FOR EDUCATION PURBANKNIFTY/NIFTY ANALYSIS FOR TUESDAY 13TH JUNE-FOR EDUCATION PURPOSE
BANK NIFTY:-
If BankNifty sustain the level of 43950 break 44050 ,44150-44200-44250 level can be achieved.
If BankNifty break down 43950 and break 43850 spend time below then 43750-43650-43550
NIFTY:-
If Nifty sustain the level of 18600 and break 18625 then 18675-18700 level can be achieved.
If Nifty break down 18600 and break 18550 then 18525-18500.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#tuesdayMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookformonday
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#13th june nifty
#13th june banknifty
#13th june marketanalysis
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
#derivaties
#derivative
#stockmarketinindia
#nse
#bse
#trader
#traders
#derivativetrading
#VIJAYANJUM
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%)
BANKNIFTY ANALYSIS FOR MONDAY 12TH JUNE-FOR EDUCATION PURPOSEBANKNIFTY ANALYSIS FOR MONDAY 12TH JUNE-FOR EDUCATION PURPOSE
BANKNIFTY:-
WEEKLY TARGET:-
If Banknifty sustain the level of 44000 break 44150 ,44250-44350-44250-44500 level can be achieved.
If Banknifty break down 44000 and break 43950 spend time below then 43850-43750-43650-43550.
DAILY TARGET:-
If Banknifty sustain the level of 44000 and break 44150 then 44200-44250-44300 level can be achieved.
If Banknifty break down 44000 and break 43950 then 43850-43800-43750.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#mondayMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookformonday
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#12th june nifty
#12th june banknifty
#12th june marketanalysis
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
#derivaties
#derivative
#stockmarketinindia
#nse
#bse
#trader
#traders
#derivativetrading
NIFTY |BANKNIFTY|NIFTY ANALYSIS | BANK NIFTY ANALYSIS FOR FRIDAYNIFTY |BANKNIFTY|NIFTY ANALYSIS | BANKNIFTYANALYSIS FOR FRIDAY
| nifty analysis for tomorrow | #niftypredictions | nifty live trading |Nifty50
BANKNIFTY:-
If Banknifty sustain the level of 44000 and spend time and break 44150, then 44250-44300-44350.
If Banknifty break down 44000 spend time below it and break 43950 then 43950-43850-43750.
NIFTY:-
If Nifty sustain the level of 18650 and spend time and break 18700 then 18750-18000
If Nifty break down of 18650 spend time and break down 18600, then Nifty 18575-18550-18500.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#MarketPrediction
#nifty50
#niftyfifty
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#niftyoutlook
#bankniftyoutlook
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#9th june nifty
#9th june banknifty
#9th june marketanalysis
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
#bankniftyweeklyexpiry
#nse
#bse
#stockmarketindia
#niftyzerotohero
#bankniftyzerotohero
#traders
#trader
#sensex
#Derivatives
#derivatives
#vijayanjum
#index
#niftyce
#niftype
#bankniftype
#bankniftyce
#zerotohero
NIFTY |BANKNIFTY|NIFTY ANALYSIS | BANKNIFTYANALYSIS FOR WEDNESDA
NIFTY |BANKNIFTY|NIFTY ANALYSIS | BANKNIFTYANALYSIS FOR WEDNESDAY
| nifty analysis for tomorrow | #niftypredictions | nifty live trading |Nifty50
BANKNIFTY:-
If Banknifty sustain the level of 44000 and spend time and break 44150, then 44200-44250-44300-44350.
If Banknifty break down 44000 spend time below it and break 43950then 43850-43750-43650-43500.
NIFTY:-
If Nifty sustain the level of 18575 and spend time and break 18600 then 18625-18650-18675
If Nifty break down of 18575 spend time and break down 18550, then Nifty 18525-18500-18475.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#WEDNESDAYMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#niftyoutlookforwednesday
#bankniftyoutlookforwednesday
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#7th june nifty
#7th june banknifty
#7th june marketanalysis
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
NIFTY |BANKNIFTY|NIFTY ANALYSIS | BANKNIFTYANALYSIS FOR TUESDAYNIFTY |BANKNIFTY|NIFTY ANALYSIS | BANKNIFTYANALYSIS FOR TUESDAY
| nifty analysis for tomorrow | #niftypredictions | nifty live trading |Nifty50
BANKNIFTY:-
If Banknifty sustain the level of 44000 and spend time and break 44150, then 44200-44250-44300.
If Banknifty break down 44000 spend time below it and break 43950then 43850-43750-43650.
NIFTY:-
If Nifty sustain the level of 18550and spend time and break 18575 then 18600-18625-18650
If Nifty break down of 18550 spend time and break down 18500, then Nifty 18475-18450-18425.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#tuesdayMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#niftyoutlookfortuesday
#bankniftyoutlookfortuesday
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommrrow
#bankniftytargettommrrow
#6th june nifty
#6th june banknifty
#6th june marketanalysis
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
Nifty 5 Jun 23 to 9 Jun 23 Short ,Medium and Long TermNifty 5 Jun 23 to 9 Jun 23 Short ,Medium and Long Term
Nifty closed at 18534 ( 18495) and touched low & high of 18464 and 18664.
Nifty closed marginally higher than previous week.
Buy call was given on dip on 21-May-23.
Last week there was a stiff reistance was given at 18620 and shown with Thick green Horzontal line.
nifty faced that resistance as expected.
RSI ,MACD and Stochastic have crossed the signals and at peak with Further room to move upwards.
Nifty- short term is Long.
Need to decisively close above 18620
Nifty Resistance is inclined trend line ( for the week 18689 to 18734 )
Nifty support at 18111/18204/18274
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 ( 55%)
Nifty Mid Cap ( 20 %)
Nifty Small Cap (15%)
Nifty IT (10%)
Nifty 29 May 23 to 02 Jun 23 Short ,Medium and Long TermNifty 29 May 23 to 02 Jun 23 Short ,Medium and Long Term
Nifty closed at 18499 ( 18203) and touched low of 18183.
Nifty touched high of 18509.
Nifty clearly moved up decisively above resistances mentiomed below though it bottomed out to 18061 in the previous week.
Buy call was given on dip on 21-May-23.
nifty followed the band resistance provided for last three- four weeks ( as mentioned below) and 3-4 days the resistance acted as support.
18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines).
Nifty broke resistance of 18274 and clearly moved above and closed near to 18500.
RSI ,MACD and Stochastic have crossed the signals and at peak with Further room to move upwards.
Nifty- short term is Neutral to Long.
Need to decisively close above 18620
Nifty support at 18111/18204/18274
Buy on Dip
Nifty Medium Term -
Nifty expected to break 18620 and to touch previous high of 18890.
Nifty have multiple support for Medium Term - 17865/18000/18111
Long term-
Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000
Support at 17850 /17550 /17200
Long term Investors can accumulate following Mutual Funds
NIFTY 50 & Nifty Equal weight ( 55%)
Nifty Mid Cap ( 20 %)
Nifty Small Cap (15%)
Nifty IT (10%)
BANKNIFTY Up Side Level 16May2023As per my analysis if NSE:BANKNIFTY 45min candle closed above level of 44151, then we can see up side move up to level of 45380.00 on positional basis. We can expect correction only if it break and sustained below down side level of 43872.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Nifty 15May23 to 19May23 ST,MT & LT-Chart Cleaned for VisibilityNifty 15 May 23 to 19 May 23 Short ,Medium and Long Term
Nifty closed at 18314 ( 18069) and touched low of 18100.
Nifty touched high of 18389.
Mainly followed the band resistance provided for last two weeks ( as mentioned below) and 3-4 days the resistance acted as support.
Nifty support at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines)
RSI ,MACD and Stochastic are at 69%, 210 and 92%
KN Election results will play small setback in the indices, might drop to the the support level provided in the coming week in initial trading sessions.
However after small consolidation it will again try to attempt to surpass 18465/ 18600 /18900 in the Medium term.
Nifty- short term is Neutral to Long.
Need to decisively close above 18274 to reach targets ext target at 18437/18465 ( fibonacci resitances) .
Nifty support at 18111/18204/18274
Buy on Dip
Nifty Medium Term -
Nifty need to break decisively above first target 18274 to reach next target of 18437 ( Fibonacci 0.786 Retracement)/ 18640/ followed by prev high 18890.
Nifty have multiple support for Medium Term - 17865/17741 ( Previous Highs) and 17560 ( April Low)
Below that 17387- 17340/ 17252
Long term-
Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000
17208/17180//17000
long term support at 16746 ( Sep22 Low)
Long term Investors can accumulate following Mutual Funds
NIFTY 50 Equal weight
Bank Nifty
Nifty IT (Buy on dip)
Nifty 15 May 23 to 19 May 23 Short ,Medium and Long TermNifty 15 May 23 to 19 May 23 Short ,Medium and Long Term
Nifty closed at 18314 ( 18069) and touched low of 18100.
Nifty touched high of 18389.
Mainly followed the band resistance provided for last two weeks ( as mentioned below) and 3-4 days the resistance acted as support.
Nifty support at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines)
RSI ,MACD and Stochastic are at 69%, 210 and 92%
KN Election results will play small setback in the indices, might drop to the the support level provided in the coming week in initial trading sessions.
However after small consolidation it will again try to attempt to surpass 18465/ 18600 /18900 in the Medium term.
Nifty- short term is Neutral to Long.
Need to decisively close above 18274 to reach targets ext target at 18437/18465 ( fibonacci resitances) .
Nifty support at 18111/18204/18274
Buy on Dip
Nifty Medium Term -
Nifty need to break decisively above first target 18274 to reach next target of 18437 ( Fibonacci 0.786 Retracement)/ 18640/ followed by prev high 18890.
Nifty have multiple support for Medium Term - 17865/17741 ( Previous Highs) and 17560 ( April Low)
Below that 17387- 17340/ 17252
Long term-
Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000
17208/17180//17000
long term support at 16746 ( Sep22 Low)
Long term Investors can accumulate following Mutual Funds
NIFTY 50 Equal weight
Bank Nifty
Nifty IT (Buy on dip)
Nifty 08 May 23 to 12 May 23 Short ,Medium and Long TermNifty 08 May 23 to 12 May 23 Short ,Medium and Long Term
Nifty closed at 18069 ( 18090) and touched low of 18042
Nifty touched high of 1827.
Mainly followed the band resistance provided last week ( as mentioned below) due to awaiting of FED decision and followed by drop on last day due to HDFC stocks.
Nifty small Resistances at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines)
RSI ,MACD and Stochastic are at 62% fall from 75%
So far Q4 have mixed results.
Nifty- short term is Neutral to Long.
Need to decisively close above 18274 to reach targets ext target at 184372/18465 ( fibonacci resitances) .
Nifty small Resistances at 18111/18204/18274
Nifty support at 17869/177741 ( Previous Highs) and 17570/17530 (Inclined two trend line)
Nifty Medium Term -
Nifty need to break decisively above first target 18274 , next target of 18437 ( Fibonacci 0.786 Retracement) followed by prev high 18890.
Nifty Support at 17387- 17340/ 17180/17200/17252
Long term-
Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000
long term support at 16746 ( Sep22 Low)
Long term Investors can accumulate following Mutual Funds
NIFTY 50 Equal weight
Bank Nifty
Nifty IT ( Buy on dip)
Manappuram Finance breakdown analysisManappuram Finance is trading in down trend now a days and looks like it is going to test Rs 82 level soon. We should watch the defined level on charts where you will get a brief idea about trading idea on this counter. Important levels to watch before trade:
Sell Below : Rs 100 only on closing basis
1st Target : Rs 90
2nd Target : Rs 82
Strict Stop loss : Rs 107
Nifty bankNifty bank has been moving positively from last 3 days and today also it gives a gap up opening and was perfectly consolidating for the 2/3 day but after it was near market closing time started to move downwards as if selling has been done on a large scale. Although it sustained above it's days low and perfectly ended with a Doji formation on a Daily- timeframe reflecting an indecision for tomorrow's opening and operations.
However, we are fully optimistic but if it tries to go below 43300 level then we can say its support near 43100/43000.
And our resistance will be 43800level if market tries to sustain above 43300 level tomorrow then we will be bullish on it.
Thanks
Nifty 02 May 23 to 5 May 23 Short ,Medium and Long TermNifty 02 May 23 to 5 May 23 Short ,Medium and Long Term
Nifty touched a high of 18090 ( 17865) and touched low of 17610
Nifty closed at 18065 (Prev Close 17627).
Nifty crossed the key 17867 Resistance last week ( as mentioned in last week analysis) and touched above 18000, which shows a positive sign.
RSI ,MACD and Stochastic are above 75% and green zone.
Q4 results are being announced and many companies posted good results.
As expected Banks and NBFCs are posting good results. Can be bought for Medium term. Nifty Bank already gave good returns ( +7%) in the last 1 month as mentioned in previous reports.
Nifty- short term is Long.
Nifty small Resistances at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines)
Above these resistances next target at 184372/18465 ( fibonacci resitances)
Nifty support at 17570/17530 (Inclined two trend line)
Nifty Medium Term -
Nifty need to break decisively above first target 18274 , next target of 18437 ( Fibonacci 0.786 Retracement) followed by prev high 18890.
Nifty Support at 17387- 17340/ 17180/17200/17252
Long term-
Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000
long term support at 16746 ( Sep22 Low)
Long term Investors can accumulate following Mutual Funds
NIFTY 50 Equal weight
Bank Nifty
Nifty IT ( Buy on dip)