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Niftyindia

Weekly nifty analysis!Waiting for Nifty to break out this week for taking fresh long positions. It has been resisted multiple times and has created a trendline. A strong breakout will lead to continuation of the bull run. While bank nifty has already given breakout, hoping nifty does the same. The down move from the all time high, is just a retracement when looked on a higher timeframe. It has tested the important 38.2% fibo line but could not break it. Hence, a continuation of upward movement is expected. Important levels for the upcoming week: Resistance at: 17665 17750 17860 Support at: 17320 17150 16928
NSE:NIFTYLong
by AM_Tradepicks
NIFTY review 10122021NSE:NIFTY After a good start in first 10-15 minutes nifty did not manage to make any new high in the morning session today and we have see some selling in first 2-3 hours of the day but in second session we have see good bounce back in nifty after taking a good support of 21EMA on 1H chart. which again indicates bulls have given good efforts to pushed the market up. But if you can see daily chart todays candle is inside candle for previous day's range and NIFTY did not manages to break previous days high which becomes sign of weakness on daily chart. which may lead nifty to show some retracement (Selling ) on smaller TF before making further up move on daily chart. Also, in respect to Positional traders we have strong resistance level of 17600 to consider change of trend on daily chart.
NSE:NIFTY
by PriceVolumeRider
NIFTY become bullish or should we waitNSE:NIFTY On NIFTY spot's 1h chart we did see good selling in first one hour of today's trading session and we were also seeing expected follow through on next 1h candle but bulls did give there best efforts to push the market up. After seeing good selling in first one hour of todays trading session test of yesterday's gap was expected but we see good bounce from the level of 17380 in today's trading session after testing midpoint of yesterday, which is now indicates that bulls are griping up in market again. Second positive sign of todays trading session is that we have seen NIFTY managing to give closing above the level of 17490 which was good resistance area we have seen in recent past. Also, on 1H chart we are seeing nifty is sustaining above the same level now. Overall Nifty is now looking good for longs in respect to positional traders but frankly speaking I am personally prefer to wait for breakout of 17600 level on daily chart. hari om thanks!!!! 🙂🙂
NSE:NIFTYLong
by PriceVolumeRider
Nifty Still under Pain Hi Nifty looks like is still under pain, it is because from 22nd or 24th April 2021 low we are in extended wave 5th wave & for education note that if 5th wave is extended then it will retrace full 61% in that we would like to advise or suggest that if this time we break below 16930 odd levels then will see 16600 levels in coming days. One more finding is as per hourly chart that we have completed A from ATH & now we are in B but i am not so keen to consider these counts because yesterday fall looks impulsive if not then Nifty has to cross 17330 level to negate impulsive down. Best of Luck.....!!!
NSE:NIFTYShort
by VK100982
Nifty update for 29th November 2021Good Morning, Everyone. I Hope you have to spend a great weekend and enjoyed your time; now, let get back to work and talk about the first trading session of this week. The market sentiment is negative, and the bear attack is full of throttle. The harmonic PRZ sits on 16,746, which can react as support, but we need a reversal sign from the harmonic PRZ first because the harmonic has multiple levels, so we need a sign for reversal. India USD and Sgx nifty both are tradings on a negative note. The current CMP is 16,952 means they managed to close lower to 17,000 and break the Phycological support and a sign for a gap down opening. Intraday Setup for 29th November =========================== The Key Resistance is 17,300 Intraday Resistance is 17,100 Intraday Support is 16,900 The Key Support is 16,750 Welcome to Bear Market. Stay safe. Good Luck
NSE:NIFTY
by CodeViser
2
Nifty Trade Setup for 15th Nov. 2021Good Morning Everyone, The Market mood and sentiment confusing in the last week, and we have seen a consolidation phase without a clear direction, but in the Friday trading session, Index has given an excellent up move and managed to close above 18,102, which is a good sign for the bulls. 18,150 is a critical level in this week and in today's Intraday as well. Closing above 18,150 will give a new direction, and Index can test 18,430 again, but if Index fails to sustain above 18,000 then we will see more pain this week. The range is very tight at this point, so Be careful. India USD and SGX Nifty both were trading on a positive note, and the Previous closing was 18,180, which is a sign of a flat or 30-40 point gap up opening Intraday & Key Resistance is: 18,150 to 18,200 ( Build along on a breakout) Intraday & key support is 18,000 ( Build a short Position in Intraday) Trade Accordingly
NSE:NIFTY
by CodeViser
1