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Niftyindia

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.
NSE:NIFTYShort
by tuahawaqar
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 retreated after coming within touching distance of ATHNifty retreated after coming within touching distance of All time high. Perhaps it will check the box after one more push or rally within rally. Within every Bull run there are phases where Index or a stock cools down its RSI (relative strength index). Similarly Within every bear run there will be phases when market will be oversold and stock rises to balance RSI. This particular fall of Nifty can be considered one such pullback within the bear run. The Bull run reverses or bears take over if Nifty gives a daily closing below 18169.(This will be key major support). Other than that support and resistances are as under: Nifty Supports: 18555, 18512, 18465, 18402 and 18354. Nifty Resistances: 18601, 18649, 18721 and finally 18778.
NSE:NIFTY
by Happy_Candles_Investment
Again Mid-Channel Line and 50 hours EMA rescue Nifty again.Again today 'Mid-Channel Line' coming to rescue Nifty on hourly chart. Mid channel line and 50 hours EMA where both near each other and formed a dual support for Nifty and rescued it from falling further. Falling below 18581 will decrease the strength of rally and in this case the Nifty can fall more towards 18495 and 18433. it looks line Final support for ongoing bull run is near 18336. Resistances for Nifty are near 18649, 18690, 18721 and 18778.
NSE:NIFTY
by Happy_Candles_Investment
1
Nifty Closed above imp resistance, holding above it important. Yesterday we had given 18721 as an important resistance for Spot nifty. Today it has closed just above it which is a good sign. It was not a strong close but it was a good close. Key Resistances now are 18778, 18824 and previous All time high of 18887.6. Supports for the Nifty will be at 18721 it is a weak support as of now. 18683, 18639 and 18572. Relative Strength Index of Nifty is above 73 and the chart is going in the area again where Nifty will soon if not tomorrow require a little bit of consolidation or cooling down.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Trapped between strong support and strong resistance zonesNifty is trapped between strong support and strong resistance zones right now. Resistance zone is between 18639 to 18667. Support zone is between 18561 to 18582. Other supports if this zone is broken will be near 18522, 18507 and 18415. If the Nifty breaks the upper side resistance of 18667 the next resistance levels will be at 18721, 18778 and finally 18887. Trend changes to negative below 18262 closing.
NSE:NIFTYLong
by Happy_Candles_Investment
1
Nifty Trade Setup (05-June2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. For tomorrow's Setup: 1.) If opens flat in descending triangle and breaks the triangle on upside then will buy for target of Resistance levels 1st at 18574, then 18616. 2.) If opens flat in descending triangle and breaks the triangle on downside and also breaks trendline support then will short for target of Support level of 18419. 3.) If there are any gaps up or down then will look for Resistance or Support and will trade accordingly or only after formation of price action.
NSE:NIFTY
by TradeInsights
Good Closing on Friday, positive to start the new week expected.Due to Good Closing on Friday, positive to start the new week can be expected. We might have a positive gap up start on Friday if there is no negative news on the global or local level during the weekend. The resistances to look forward to are 18600, 18662 and finally 18742. Long term targets are 18887 and 19200+ levels. Supports at the same time remain at 18488, 18325 and finally 18048. closing below 18048 has potential to handover the control of the rally to the Bears.
NSE:NIFTYLong
by Happy_Candles_Investment
4
Nifty Closed well on a testing day, another test awaits tomorrowNifty Closed well on a testing day, another test awaits tomorrow as the world awaits result of Voting in US Parliament to resolve Debt ceiling crisis. Global indices are down and awaiting the result eagerly. Support that spot Nifty has is today' low of 18483 from where the Nifty managed to recover today. The support may be tested tomorrow again. Just below it we have 50 Hours EMA at 18467 which might also be tested. Below these levels important supports remain at 18416 and 18379. Below 18379 Bear cartel can get activated. When Nifty has found a strong support and if result of Debt Ceiling crisis by raising the ceiling the resistances will be near 18576, 18600, 18637 and 18662. We still live in a world where if US sneezes the World catches cold. (Indian GDP numbers were great and can provide support to Nifty 50 and many other stocks.)
NSE:NIFTY
by Happy_Candles_Investment
Short and Medium Term Outlook for NIFTY on Daily chart. In the short Nifty looks little indecisive. I the medium term Nifty looks solid. Couple of Dojis after cup and Handle Break Out for NIFTY indicates some tussle between Bulls and Bears. Where Bulls have managed to or are trying to free Nifty from a two year consolidation phase where Nifty was mostly between 16000 and 18000. At the same time Bears are trying that Nifty again falls into the Abyss and stays in the consolidation zone. One 3 to 5% dip will come in the next couple of months before or just after Nifty reaches near or closes above All time high levels. Supports for Nifty: 18584, 18508, 18372, 18225 and finally 18011. Resistances for Nifty: 18661, 18736, 18784 and finally 18887.
NSE:NIFTYLong
by Happy_Candles_Investment
Strong Close by Nifty on Friday.Nifty has given a strong closing on Friday by closing above the Mid Channel line. The nifty has given a close just below a strong resistance of 18509. 18509 was high of Friday above which the Nifty could not close. One way to avoid this resistance would be to open gap up on Monday. If we open gap up on Monday above 18509 levels, the next resistance will be at 18562, 18601 and 18678. Supports on the lower side will be at 18460, 18389, 18324 (50 Hours EMA) and 18197. Below 18197 Final support will be 200 Hour EMA at 18101. Below 18101 Bears will regain the control. If by chance during the week or later this month or next month we get a closing below 18101 trend can change into negative.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Not sustaining above mid channel support not a good omenNifty Not sustaining above mid channel support not a good omen for the Bull run. Somehow Nifty has to make a comeback in next 2 or maximum 3 days and sustain above Mid channel line which is around 18413 mark. Right now Nifty als faced a trend line resistance which emancipates from previous top. The zone was too hot for Nifty to handle and it leaped back towards the support of 18323. Supports for Nifty Will be at: 18323, 18275, 18206 and finally 18068 to 18040 zone. (Major buffer Support). Below 18K Bears start to loose control. Resistances for Nifty: 18413, 18455, 18525 and finally 18601 (Major Resistance).
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Facing Mid-Channel Resistance. Nifty is currently facing mid-channel resistance drawn on hourly candles chart. Taking support at the channel bottom Nifty rose today but was stopped by the mid channel line. Supports for Nifty remain at: 18267, 18240, 18206 and finally 18119. Below 18119 the major support will be 200 hours EMA at 18018. Resistances for Nifty will be at: 18341, 18389 and finally 18450 which will be a major resistance. Above 18450 the channel towards 18600 opens up.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty took support near 18115 and is trying to bounce from thereNifty took support near 18115 and is trying to bounce from there on the way up 18235 to 18270 zone which wich was a great support will prove to be a strong resistance. If that hurdle is crossed Nifty can travel back to 18308, 18346 and 18384 or even 18400+ staging a V-shaped recovery. Before that happens it is important to cross 18235 to 18270 zone. Supports at the lower side will be near today's low that is 18115, 18040 and finally 17972. Weekly closing below 17972 will bring smile on the face of bears. In case that happens.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty preceisely stopped at the indicated resistances yesterday.What was depicted yesterday was very similar to what happened. Channel top proved to be a tough resistance to conquer and Nifty today rested just above mid channel line at18286.50 We had very accurately indicated the support at 18284. This is as precise as you can get with Technicals😌😊. Now What? We have this support or the next support at 18267. If 18267 is taken down we can further fall to 18190 or 18140. (Next support levels.). You can also see in the previous and current chart that invariably Mid channel line has proven to be support and NIFTY has bounced from here 4 times previously. So Let us hope we get a support from mid channel line and we can bounce from here. If we bounce from here next resistance will be 18340 and 18384. Interesting day tomorrow to see in which direction the NIFTY goes.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Flowing confidently in the 30 minute channel. Nifty on a 30-minute chart is looking very confident of staying in the upper half of the channel in which it is travelling. On last 3 occasions Nifty has jumped upon reaching the mid channel support of the mid channel line. Indicating that strength of the rally is intact so far. However, on the last 4 occasions when Nifty tried to cross the Channel top it was made to retreat indicating a strong channel top resistance. Nifty Resistances going further will be: 18455 and 18500. Nifty Supports going further will be at: 18384, 18284, 18267 (Very Strong Support).
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Short Term Outlook NIFTY is approximately 3% away from the top. Question on minds of most investors is: When will Nifty make a new high by crossing this Crossing this 3% hurdle. Crossing this 3% hurdle will not be easy in my opinion, unless all FII, DII and Retail investors participate in the ongoing rally. Rally has hit the resistance zone now. It was a good week but going ahead Nifty will have to conquer 4 major resistances. These 4 Resistances are at 18393, 18474, 18609 and 18715. In case these resistances are not crossed there are chances of rally to fizzle out with supports at 18185 and 18053. 18053 is a major support. Below 18053 bears will start calling shots. If we get a weekly closing below 18053 the next support zone will be between 17793 and 17529 (Final Major support). Below 17529 bears will be in full control again.
NSE:NIFTY
by Happy_Candles_Investment