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Niftyindia

NIFTY : Expiry levelNIFTY : bounce perfectly as mentioned last time, 23rd Dec : we would require engulf candle Monday to sustain and Today we have Bullish engulf candle on chart. :) 26th Dec: What Next: after creating Engulf still some level is pending for Nifty to back to his bull zone. Zone is marked in charts. lets wait & watch. 27th Dec: Nifty it trying to catch our Bull zone levels marked in chart.....Lets see tomorrow what will happened after it touch our Bull zone level. Thursday we would have more idea on Nifty . Keep watch. 28th Dec: As mentioned yesterday, Nifty touch our Bull zone and reverse exactly from there. its not easy for Nifty to break price action levels. Tomorrow If Bulls able to gap up and sustain we can see continue up move. If unable to sustain, Nifty can back again in our support zone (Box). Trade as per morning candle. It will motivate me to post more analysis if you can Like, Share, Comment. Disclaimer I am not SEBI registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:NIFTY
by ChartsSpecialist
Market Outlook for reminder of weekMarket Outlook: Sharp bounce back by Nifty on Monday but there are important hurdles to ross before Bulls again take control of the market. Any news again related to COVID outbreak in India or any new restrictions along with increase in number of cases can again lead to a sharp fall. However, indicators on Monday are in favor of Nifty going up or staying sideways. Important resistance to cross before bulls take over are 18101 and 18168. Major Support Levels: 17849, 17782, 17621 and finally 17428. Major Resistance Levels: 18101, 18168, 18324 and finally 18446.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY : perfect review NIFTY : bounce perfectly as mentioned last time, we would require engulf candle Monday to sustain and Today we have Bullish engulf candle on chart. :) What Next: after creating Engulf still some level is pending for Nifty to back to his bull zone. Zone is marked in charts. lets wait & watch. It will motivate me to pose more analysis if you can Like, Share, Comment. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:NIFTY
by ChartsSpecialist
NIFTY and it's nearby Supports. Markets Plummeted after US Federal Reserves increased interest rates by 50 bps and further announced more tightening till inflation falls to 2% in US. More than 50 bps hike it was this Hawkish posture that led to meltdown in global indices. Although India looks like one of the brightest glowing stars globally both on Micro and Macro levels, we cannot totally alienate ourselves from global impact. There are multiple supports for Nifty in the nearby zone. We hope that Nifty will take support there. If not, we will see further bloodbath. Silver line to the cloud is that there are chances of Nifty finding support in the coming week. Important Supports : 18253, 18207 and 18128. (Consider 18128 major support closing below which Bears take total control). Important Resistances : 18363, 18389, 18446 and finally 18507. (Closing above 18507 Bulls will be back in action).
NSE:NIFTY
by Happy_Candles_Investment
Nifty Levels & Strategy for 08/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: FIIs are super bearish from last 2 days. They are net seller in Dec. Today, market didn't like the RBI policy (specially commentary). Tomorrow's market move will be mainly based on Gujarat election outcome. My strategy will sell on rise with strict SL for tomorrow if I get good trade setup and decent Risk:Reward. Important events to keep in mind for coming days: 1.Gujrat results on Dec-08. 2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen. 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 07/DEC/2022 NIFTY IS DOWN BY -82 POINTS Name Price Previous Day Change % Change Nifty 18561 18643 -82.25 -0.44% India VIX 14.08 14.04 0.04 0.25% OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA Max OI (Calls) 18800 (Open Interest: 11733750, CE LTP: 6) Max OI (Puts) 18500 (Open Interest: 6500400, PE LTP: 23.4) PCR 0.55 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
2
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
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